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Have you gambled in bitcoins already?

Discussion in 'Online Casinos' started by CryptoPanda, Feb 20, 2014.

?

Have you gambled in bitcoins already?

  1. Yes

    5.5%
  2. No

    94.5%
    Feb 20, 2014
  1. CryptoPanda

    CryptoPanda Affiliate Manager for bitbandit.eu webby

    Occupation:
    Serial investor
    Location:
    Iceland
    Since it already just scratched the surface of mainstream adoption in 2013 I believe it would be useful to see what % of the people have already actually tried it first hand.
     
  2. Feb 20, 2014
  3. mclee321

    mclee321 Meister Member PABaccred

    Occupation:
    Software QA Engineer
    Location:
    Dublin
    Well, I have a real job, along with the usual bank and cards. I don't speculate on money markets. Nor do I want to pay an assassin to off someone through the TOR network's version of Craigslist. I'm not currently importing opium, sex slaves or uranium. I don't plan on building a hideout in a inactive volcano.

    Why would I bother with bitcoin at all now the easy time to mine them has long passed?
     
    2 people like this.
  4. Feb 20, 2014
  5. Andy Walker

    Andy Walker Full Member

    Occupation:
    Tax Payer
    Location:
    UK
    It’s funny to hear the negative side of the TOR network which I believe was started by the US Navy to provide a secure way to use the internet without the privacy of the user and them being compromised. Which I may add is at odds with the NSA and GCHQ.

    Just my thoughts.
     
    2 people like this.
  6. Feb 20, 2014
  7. KasinoKing

    KasinoKing WebMeister & Slotaholic.. CAG MM PABnonaccred webmeister

    Occupation:
    House-Husband and Casino Advisor
    Location:
    Bexhill on sea, England
    No and I never will.
    What is the point while money still exists?

    KK
     
    1 person likes this.
  8. Feb 21, 2014
  9. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    Having bitcoins is a gamble in itself, you never know whether it will be worth twice as much or half as much the next day.
     
    3 people like this.
  10. Feb 21, 2014
  11. lotusch

    lotusch Noob Webby webby PABaccred mm2

    Occupation:
    Fraud & Underwriting Team VRP / YapStone
    Location:
    Dún Dealgan
    I tried to mine them and it is just not made for small time people like myself.
    This was about 6-7 months ago.
    I have spent days and days to get myself setup and running in a few miner guilds as I do not have the equipment to mine them myself.
    You need monster units with powerfull GPU's to get you started.
    And like said before,the easy time to mine them is long time over.
    If you are not on the boat now,don't bother because you missed it.

    And what is a bitcoin really?
    A virtual non existing currency.
    I could vanish just in a blink of an eye.

    I know people who have a good few of those bitcoins.
    Just trying to make profit by selling them at the right time.

    I think 1 bitcoin todays rate is about €450.00-€500.00?

    So if you purchase stuff with those you will always end up paying amounts like 0.000321 bitcoin for example.

    Meh,and casino's accepting these might be the more dodgy ones?
     
  12. Feb 21, 2014
  13. SubzeroWins

    SubzeroWins Experienced Member webmeister

    Occupation:
    -
    Location:
    -
    that actually sounds pretty good. Where do I sign up?
     
    1 person likes this.
  14. Feb 21, 2014
  15. CryptoPanda

    CryptoPanda Affiliate Manager for bitbandit.eu webby

    Occupation:
    Serial investor
    Location:
    Iceland
    Very interesting point of view, but there are also few million people that also don't do any of that but are still into them.
    Also I believe it's a way for US people to gamble online as well, or there are better ways now?

    Anyway, please keep the feedback coming, it's quite refreshing to hear such opinions :)
     
  16. Feb 21, 2014
  17. Anna123

    Anna123 Banned User: multiple forum accounts, shilling

    Occupation:
    blogger
    Location:
    sweden
    The bitcoins are as all new things, for the most brave ones who take risks. I have friends who owned bitcoins way before they got famous and known by everyone. It seemed crazy to own those coins that didn't represent any currency but he sold part of them when the price increased crazily. Just a combination of braveness and luck.
     
  18. Feb 22, 2014
  19. Westland Bowl

    Westland Bowl Tin Foil Hat Club Member CAG PABnonaccred

    Occupation:
    not applicable
    Location:
    America
    I primarily play at Just-Dice and Prime Dice.
     
  20. Feb 22, 2014
  21. MillyOfLeValley

    MillyOfLeValley Experienced Member webmeister

    Occupation:
    Run a cafe
    Location:
    Left of the valley via the scenic route

    Totally agree lotusch, the volatility of the bitcoin currency alone is enough to keep me away.

    The only legit casino I know accepting bitcoins is Vera and John and I kinda saw it as a knee jerk reaction to being the first in hip new trend.
     
  22. Feb 22, 2014
  23. CryptoPanda

    CryptoPanda Affiliate Manager for bitbandit.eu webby

    Occupation:
    Serial investor
    Location:
    Iceland
    Here is an idea about the volatility problem. If you use Bitcoin as JUST payment network, not currency, volatility doesn't matter.
    You buy bitcoins for USD, deposit them to a Casino which instantly converts them back to USD.
    There are payment processor that do that for you within seconds, so you pay $100, they get transfered via the bitcoin network, you get $100 at the other end.
    Pretty cool?

    Of course at the moment is much better to just do that with a credit card, but not everyone is able to do that. *cough 250M US citizens
     
  24. Feb 22, 2014
  25. spoton

    spoton Senior Member webmeister

    Occupation:
    Student
    Location:
    Right behind you
    Of course the volatility matters unless you keep monitoring your account 24/7. Lets say you have got a withdrawal from a casino that was a bit delayed so you goto sleep in the meantime. And suddenly the BC plunge 50%...

    And there is still alot of hassle for the end-user when it comes to casinos. First you have to send money to an exchancer trough a financial institution that usually takes a fee, then the exchanger will take a small fee, and then you got the risk before you can play at a casino with the cash.

    Eventhough US players can't use their credit cards anymore, there are some simpler options for them.
     
    1 person likes this.
  26. Feb 22, 2014
  27. MillyOfLeValley

    MillyOfLeValley Experienced Member webmeister

    Occupation:
    Run a cafe
    Location:
    Left of the valley via the scenic route

    I can't speak on any other site but V & J because I actually went and tested it out for an article for my site and what they do is they "lock in" the current exchange rate at the time of deposit or withdrawal.

    So if you make a withdrawal and 1 bitcoin is $855 then thats the rate they'll pay you at regardless if the next minute the currency crashes.

    If the currency crashes, the loss will be on them.
     
  28. Feb 23, 2014
  29. CryptoPanda

    CryptoPanda Affiliate Manager for bitbandit.eu webby

    Occupation:
    Serial investor
    Location:
    Iceland
    What are the current options for the US players?
     
  30. Feb 23, 2014
  31. bigjohn

    bigjohn Meister Member MM PABnoaccred

    Occupation:
    Swimming Pool Serviceman
    Location:
    Northeast Coastal USA
    The current options for US players are just that, for US players. Many of these options disappear when talked about too much.
     
    4 people like this.
  32. Feb 23, 2014
  33. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    If the currency crashed, I'd be surprised if they didn't close shop and run with your money.
     
  34. Feb 23, 2014
  35. nikantw

    nikantw Ueber Meister MM PABaccred

    Occupation:
    A bit of this and that
    Location:
    EU
    In a different point of view, bitcoin or not, a way must be found so that the irresponsible gambling of the banking system can no longer destroy our way of life.
     
    2 people like this.
  36. Feb 23, 2014
  37. spoton

    spoton Senior Member webmeister

    Occupation:
    Student
    Location:
    Right behind you
    Well, sure enough, but I was more thinking of what can happend if you win a fair amount, withdraw it to your BC-account, and it ticks in while you're sleeping or so, and the value plummets before you get a chance to sell it.

    Anyways for Norwegian Bitcoins is pretty much useless when it comes to gambling. Its taxed as a item, so one has to pay 25% VAT on it and credit cards or ewallets are much more convenient.
     
  38. Feb 24, 2014
  39. rockycatt

    rockycatt meistercatt CAG MM

    Occupation:
    carpenter
    Location:
    Boston
    well politics are crooked and crooks are crooked so bit coins offer insulation from greedy tax collectors
    and loose lips may not sink any bit coin ships

    we need to know who is the most honest of the bunch and if we go there lead with our conceince
     

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