All about Bitcoin! Ask your questions here...been investing and researching for over a year.

[EverFresh]

I think BC has found its support level.
If it drops below $270 then you will know something fundamentally changed.

Nothing has changed, air is air. There is no "support level", just a fun game of musical chairs

 

[RenoChazz]

US to auction off 18 million USD worth of bitcoin seized by silk road

http://www.punkrocklibertarians.com/us-auction-off-bitcoins-worth-18-5-million-seized-silk-road/

 

[Bourn]

Im not sure what to think about it....

 

[charliebrown]

I just scanned this thread quickly so excuse me if this has already been covered....I'm a complete newbie and I want to take a payout from my sportsbook account in bc and convert it to dollars. Someone please tell me how to do this step by step? including the fees and how much time will it take? TIA.

 

[quantumleap]

I just scanned this thread quickly so excuse me if this has already been covered....I'm a complete newbie and I want to take a payout from my sportsbook account in bc and convert it to dollars. Someone please tell me how to do this step by step? including the fees and how much time will it take? TIA.

Get an account at coinbase.com. It's pretty easy to do. Once you get an account you will be given a Bitcoin deposit address. You will use this to transfer from your Bitcoin sportsbook to coinbase.

Validate your checking account at the coinbase.com site. This allows you to convert bitcoin to dollars and deposit the dollars into your checking account.

Withdraw your Bitcoin from your sportsbook account to your coinbase.com Bitcoin deposit address. It usually only takes a couple minutes.

Withdraw the dollar equivalent of your Bitcoin balance at coinbase.com into dollars into your checking account. I believe it takes a few days.

 

[raiders72]

Are there any books that payout in Bitcoin?

The best 3 are:

Nitrogensports
Anonibet
Betcoinsports

 

[raiders72]

Get an account at coinbase.com. It's pretty easy to do. Once you get an account you will be given a Bitcoin deposit address. You will use this to transfer from your Bitcoin sportsbook to coinbase.

Validate your checking account at the coinbase.com site. This allows you to convert bitcoin to dollars and deposit the dollars into your checking account.

Withdraw your Bitcoin from your sportsbook account to your coinbase.com Bitcoin deposit address. It usually only takes a couple minutes.

Withdraw the dollar equivalent of your Bitcoin balance at coinbase.com into dollars into your checking account. I believe it takes a few days.

Coinbase is a great way. I also use localbitcoins. You can deposit to the sellers bank account, use MG, WU and Paypall.

 

[EverFresh]

I just scanned this thread quickly so excuse me if this has already been covered....I'm a complete newbie and I want to take a payout from my sportsbook account in bc and convert it to dollars. Someone please tell me how to do this step by step? including the fees and how much time will it take? TIA.

Do yourself a favor and steer well clear of anything "bitcoin" related. It's a ponzi scam that's ensnaring new victims daily.

 

[raiders72]

Do yourself a favor and steer well clear of anything "bitcoin" related. It's a ponzi scam that's ensnaring new victims daily.

I don't know why you keep bashing bitcoins. Anonibet, the first sportsbook, opened in 2011 and there are now more than 40 bitcoin books and exchanges.

 

[EverFresh]

I don't know why you keep bashing bitcoins. Anonibet, the first sportsbook, opened in 2011 and there are now more than 40 bitcoin books and exchanges.

See my posts above. I think my point of view is pretty clear. Alternatively, keep buying the shit and get rich quick, eintiendes?

 

[HarryCaray]

Reading comprehension problem on your part. I won't make you apologize. Never said anything about instant transfers. Just said if you have a pp acct it won't be worth less tomorrow making his comparison not really accurate. Your bad.

Jesus Christ you are fucking dumb

Maybe we should take this argument over to debate.com and you can run your record to 0-4 you Eskimo bitch.

 

[RenoChazz]

For those that are afraid of volatility of bitcoin, coinbase is now allowing you to keep your balance as USD in your bit wallet.

 

[RunMaker]

Great thread. BTC price currently:


215.62 - Jan 18, 2015 ** Total BTC - 13,739,925 ** Market Cap - $2.957B

1147.25 - Dec 04, 2013
225.20 - Nov 04, 2013
116.82 - Oct 03, 2013
76.89 - Jul 03, 2013
13.40 - Jan 03, 2013

 

[RunMaker]

I've heard Coinbase may be coming down with some new restrictions, but if you're going into Coinbase and through Blockchain it would seem this would not be of much concern. Or no?

 

[raiders72]

I've heard Coinbase may be coming down with some new restrictions, but if you're going into Coinbase and through Blockchain it would seem this would not be of much concern. Or no?

Best to use Localbitcoins, Circle or Trucoin, Then transfer bitcoins to a wallet such as blockchain.info. Coinbase shuts down accounts suspected of gambling.

I'm not sure how they can come to that conclusion without knowing the bitcoin addresses of the sportsbooks.

 

[RunMaker]

Best to use Localbitcoins, Circle or Trucoin, Then transfer bitcoins to a wallet such as blockchain.info. Coinbase shuts down accounts suspected of gambling.

Thank you for the information. But how is Coinbase profiling you if you use an intermediary such as blockchain to get to your book? Coinbase into blockchain is not against TOS.

Further question. Once you circulate back into blockchain from your book, can you not move them around and back into blockchain before moving on into Coinbase? Further, what are your thoughts on mixers?

 

[raiders72]

Thank you for the information. But how is Coinbase profiling you if you use an intermediary such as blockchain to get to your book? Coinbase into blockchain is not against TOS.

Further question. Once you circulate back into blockchain from your book, can you not move them around and back into blockchain before moving on into Coinbase? Further, what are your thoughts on mixers?

I was using Coinbase to blockchain.info to sportsbook and vice versa. My Coinbase account was shut down for suspected gambling. I think a mixer such as bitmixer.io is a great idea.

Coinbase Is Tracking How Users Spend Their Bitcoins

<small style="box-sizing: border-box; outline: none !important; font-size: 12px;">by Carlo Caraluzzo @ 2014-12-28 04:58 PM</small>

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Coinbase has recently been demonstrating why consumer regulation is such a problem. The company seems to be tracking what their customers are buying with Bitcoin and closing any accounts involved in transactions that the company objects to.It is probably no secret that Bitcoiners are not fans of regulation. What is generally misunderstood though is that the aversion is not to regulating in general. We understand that in the real world, the big financial powers are never regulated in a practical sense. Consumers, on the other hand, are heavily regulated.Regulations are almost never designed to protect the consumer. Instead they are put in place as a way to control the flow of consumer spending and to protect the interests of the financial sector. The New York BitLicense is a good example of this problem, as it was designed to favor credit card companies and put a burden on Bitcoin development and acceptance.Now Coinbase has been banning user accounts that send Bitcoin to gambling sites, even though online gambling is not illegal. One Reddit user also complained that coinbase banned his account for allegedly purchasing cannabis products with coins purchased from the service.

“I have been a long time coinbase customer, buying 1-3 times per month, I got an e-mail today saying they are banning me from using their services because of a ToS violation. I e-mailed them back to ask what the violations [were] and they told me that they have evidence that I used some of the BTC I bought for cannabis/cannabis seeds. They gave me a specific BTC transaction and said it was for drugs and wouldn't listen to anything I had to say.”
​

Another user's account was shut down after he was accused of selling coins on LocalBitcoins after purchasing them on Coinbase:

“Because I buy a few bitcoins a week from Coinbase (although sometimes I will go months without buying any) I was flagged as having enough volume to potentially be a Money Services Business (MSB) and the Coinbase ‘compliance team’ mounted an investigation against me. They determined that ‘they have reason to believe’ I am selling Bitcoins on LocalBitcoins, even though they haven't said what that reason is, and therefore are suspending my account.”
​

Coinbase explains that the company is only trying to stay in compliance with federal anti-money laundering regulations and drug laws. We understand that any company has a fiduciary responsibility to protect the company for its shareholders. But it appears that Coinbase has crossed the line by not only tracking coins purchased through its service, but also tracking how users spend their Bitcoins after withdrawing them from their Coinbase wallets.These types of practices are the very antithesis of Bitcoin and virtual currencies, and they are the main reasons why most Bitcoin users fear regulation. It is often used to regulate taste rather than safety, and it can also be used by a company to suppress the business of its competitors. These are arbitrary overreactions by a company that fears the laws that they claim to respect.

http://cointelegraph.com/news/113207/coinbase-is-tracking-how-users-spend-their-bitcoins

 

[RunMaker]

Again, thank you for the information. That was an excellent post. Much appreciated. This is intriguing to me. I'm rather curious as to how they profiled you, especially since you moved through blockchain.info.

I am a beginner so my knowledge is obviously rather rudimentary. But in your case would be it logical to speculate that your volume set off an alarm for suspicious activity and so they traced the history of your keys through the blockchain? Then they determined the identity of Book XYZ and it's history of transactions and made the link between you and said book?

 

[raiders72]

Again, thank you for the information. That was an excellent post. Much appreciated. This is intriguing to me. I'm rather curious as to how they profiled you, especially since you moved through blockchain.info.

I am a beginner so my knowledge is obviously rather rudimentary. But in your case would be it logical to speculate that your volume set off an alarm for suspicious activity and so they traced the history of your keys through the blockchain? Then they determined the identity of Book XYZ and it's history of transactions and made the link between you and said book?

I really wish that I knew that answer since I'm also interested on how they figured it out. I'll ask Coinbase for more information later today to see if they can shine more light on the banning. At this point, it would just be speculation.

 

[raiders72]

Anyone have thoughts on this?

In addition, Bitcoin is predominantly viewed by authorities as a commodity, not as a currency, despite it being an online digital currency used as a payment option in gambling and in other sectors. This further allowsBitcoin gambling to become a legal practice on the web, and therefore, it dismisses the possibilities of you breaking the law by simply placing a wager in bitcoins.

http://www.bitcoingg.com/bitcoin-gambling-legal/