Roulette Life Forum

Roulette Forum => Questions and Answers => Topic started by: TERMINATOR on May 16, 2017, 03:51:36 PM

Title: Bitcoins
Post by: TERMINATOR on May 16, 2017, 03:51:36 PM
Well, I was considering using bitcoin casinos, but I just noticed how the price of bitcoins has skyrocketed the passed month. I am concerned that if I buy them now, they will drop in price and lose half my investment. Should I wait until they drop? I am new to bitcoins and was not aware of this volatility.
Title: Re: Bitcoins
Post by: Rinad on May 16, 2017, 10:10:04 PM

    terminator, can you tell me how you can turn your bitcoins into $$$  ???

just curious, never used them. thanks,
Title: Re: Bitcoins
Post by: Jake007 on May 16, 2017, 10:14:40 PM
Yes bitcoin price can be volatile. You can hold bitcoin on the website and convert it to USD if you are concerned about price fluctuation. There is a fee to do this which is 0.75% (almost 1%).

EDIT: you can also convert to a crypto-currency equivalent to USD which is called Tether (USDT) right here...

They have both a web wallet and a smart phone wallet app. If Im not mistaken there are no fees at all to convert from BTC to USDT and back again. It just takes time to process which could be 15 minutes or a couple hours depending on how volatile bitcoin price is.
Title: Re: Bitcoins
Post by: TERMINATOR on May 17, 2017, 04:13:56 AM
Thanks Jake, I will keep those links in mind.

But my main concern is this. Let's say I purchase $150 worth of bitcoins and place those bitcoins  on a bitcoin gambling site.

I double my bankroll in a month. I withdraw $150 and keep the original $150 in the gambling site.

I want to convert that $150 in bitcoins (or use it to purchase something in bitcoins), but the price of bitcoins has dropped 66% since I did the exchange. Now my $150 in bitcoins (which was its worth a month ago) is only worth $50.

I don't know much about bitcoins, but if this is a possibility, I think I'll have to stick with USD for now. I like the security of bitcoins for gambling purposes, but if my winning could diminish in a short period because the price of bitcoins has fluctuated, I don't want to risk that at this point.

I'll have to do more research into it.
Title: Re: Bitcoins
Post by: Jake007 on May 18, 2017, 06:57:54 PM
What if bitcoin price goes UP 10% ?  :o ;D :P :-* 8)
Title: Re: Bitcoins
Post by: thomasleor on May 18, 2017, 07:14:42 PM
If Trump gets impeached, the market takes a dive and the dollar most probably will be mimicking that swan dive. So sure. In such a financial H-bomb scenario, the precious metals Au, AG and Pt would go up like a bat out of hell, and Bitcoin most probably with them.

With the current grim market realities and a Negative Interest Rate Policy (NIRP), investors, like mega pension funds,  are very nervous. If Trump goes the market will correct itself, probably 5-10% downwards before the first brakes shuts it all down for a couple of hours.  According to Yellen´s latest squawk from her Dark Castle at 33 Liberty street NYC, the FED will not interfere

So to conclude; Watch the ongoing Deep State versus the WH and of course the ongoing US Congress hearings where Ex FBI Director Comey and & Co swear on an impressive stack of bibles, that they haven´t seen anything, nor heard or said anything (of value) and you ll know in what direction the wind blows.
Title: Re: Bitcoins
Post by: Billyhill64 on May 18, 2017, 07:29:10 PM
check out bitrobot its booming
Title: Re: Bitcoins
Post by: Jake007 on May 22, 2017, 04:13:58 PM
Terminator! Bitcoin price has hit $2200. Its now up 30% since you commented last week. Without having any financial knowledge at all, you could protect your capital by using a simple EMA (exponential moving average) technical indicator as seen by the two colored lines in the attached chart (I would use 1 day charts). You hold bitcoin when the yellow line is above the blue line, and you switch to USD and hold USD when the yellow line falls below the blue line. I used to create the chart. With websites like you can set an alarm when these two lines cross each other.
Title: Re: Bitcoins
Post by: Billyhill64 on May 22, 2017, 06:44:59 PM
you should go to bitrobot it gives 6% per day
Title: Re: Bitcoins
Post by: Jake007 on May 22, 2017, 07:36:03 PM
Provide a link to the site. IMO any site claiming 6% a day is a scam. Just a quick search finds links like the one below giving it a 1/10 rating, marking it as a scam. I would stay clear of any site claiming they can make you money with bitcoin. Most of them are "exit" scams. They take your money, and then you will never see it again.

Title: Re: Bitcoins
Post by: bossman on September 01, 2017, 04:15:03 AM
Hey guys. Can you please give me a little bit of feedback on what sites to you play on? I am doing a research and would really appreciate all the information I could get. Thank you!
Title: Re: Bitcoins
Post by: kav on September 01, 2017, 08:14:54 AM
I play at Betchain which is one of the biggest ones.
I'm very happy. They offer many and FAST deposit and withdrawal options and they also accept euros (and maybe other currencies) which a big plus if you don't have a bitcoin account already. So you can deposit euro and then play with bitcoins.

Their games are provably fair and you can test the fairness of each and every spin with a little app they have integrated in their interface.

They also offer live dealer games which is a great addition and quite rare for a bitcoin casino. You can only play live games with euros or usd, but their account system allows you to easily change your balance from euro to bitcoin to usd etc.

Overall I think it is one of the best options out there.

Overall it is a very friendly and reliable bitcoin casino.
Title: Re: Bitcoins
Post by: MrPerfect. on September 01, 2017, 09:29:55 AM
Guys, the thing with bitcoin is that's number 1 active today to preserve and multiply the value of money.  When markets go down , it goes up.
    It's a very high volatility investment, will work better on long hold. These who buy this active in 2010 for 0.07 usd became a millioners, probably  some of its holders became billioners or will become in nearest future.
    This thing has a potential to suck in all world's money, if this really will happen, 1 satoshi will be what is bitcoin now. ( satoshi is 1/10000000 bitcoin).
Title: Re: Bitcoins
Post by: scepticus on September 01, 2017, 01:45:40 PM
Bitcoin is unregulated so should be avoided , Scammers abound in unregulated markets .
Title: Re: Bitcoins
Post by: scepticus on September 02, 2017, 01:14:16 PM

Bitcoin reached $5000  before falling to $4700
A Bubble soon to burst ?
Title: Re: Bitcoins
Post by: MrPerfect. on September 02, 2017, 02:58:33 PM
Google " revelation of insider".
   There was a guy who appeared on publick forums targeting russian and English audiencies.  He "predicted" new money that will replace all other money to be end of 2008/beginning 2009. I personally find level of his answers for a qwestions asked being relevant...  unless you consider insignificant probability of appiarence of bitcoin by itself due to the chance alone...  it makes think.
   Bitcoin made millions of percent growth in 10 years so far. If you have a brain, think... why the hell it was made and what it's real potential. 
Title: Re: Bitcoins
Post by: Baelog on September 02, 2017, 04:58:26 PM
I bought bitcoins in January 2016 for 400 dollars per bitcoin. Today it's worth 4700 dollars per bitcoin. :)
Title: Re: Bitcoins
Post by: scepticus on September 02, 2017, 05:11:52 PM

Well done Baelog.
What do you propose to do with them ?
Buy something ?  What ?
Sell them ? What mug would buy them ?
Oh well . Someone who thinks buying bitcoins a good idea I suppose.
The value of any currency is based on trust . Once that trust is lost the currency heads South.
South Sea Bubble ?
Tulip Mania ?
Stock Market crashes ?
Title: Re: Bitcoins
Post by: MrPerfect. on September 02, 2017, 08:34:15 PM
 Scepticus, l know, math is not your strong, l want you ask yourself one simple qwestion " what is bitcoin? " . If you find an answer, you will understand why buy it for any money next 7 years is a very good thing to do.
   You can buy anything with bitcoin today, be it directly or thru bitcoin funded debit card. 
   I bought it recently for 1900 each, just in 2 month or less it doubled it's value, almost trippled.  I already took money l invested out and reinvested it in other criptocurencies l see potential, in 5 month l made x 10 for total money invested, took out X2 profits and just looking my investments qrow...
   If you do not understand, it's " stable" income each time coin grow twice. Potential of grow is ×1000000.
Title: Re: Bitcoins
Post by: Jake007 on October 12, 2017, 04:29:50 PM
For anyone interested I came across this site a few months ago...

The author gives recommendations every week on which coins to buy. He is doing quite well, sometimes 10-30% profit in one week. I have part of my own portfolio following his recommendations and quite happy.

The site is absolutely free.
Title: Re: Bitcoins
Post by: MrPerfect. on November 10, 2017, 10:14:08 AM
Dream about it.
    It will go burst when you enter in it. We all are waiting :). Many thousands people wait your few coins to profit.
Title: Re: Bitcoins
Post by: thelaw on November 10, 2017, 08:04:14 PM
When Charles C Johnson estimated that Bitcoin would hit $1Trillion by 2020, I thought he was nuts.

But in that same podcast, he also mentioned Netflix having serious financial issues in the near future due to their business practices revolving around virtue-signalling.

Over the last month Netflix has lost Kevin Spacey (and House of Cards), been forced to push back The Punisher, and cut ties with Louis C.K. on top of Disney announcing that they are pulling their entire library to create their own streaming service. Now Netflix announces that they are putting even more money into original content, which is not exactly setting the world on fire. Out of the 17 new programs released this week on Netflix, 11 are unknown foreign films.......most of them from Bollywood, 2 stand-up specials from comedians that I've never heard of (and I actually follow stand-up), and only 1 show  (Maria Bamford's Lady Dynamite) that I'm even remotely familiar with (again......I follow film and tv, so this is not a good sign)............6 of the 17 are original content.

Maybe Charles is onto something....... :o
Title: Re: Bitcoins
Post by: MrPerfect. on November 15, 2017, 02:37:58 PM
Till 2020 bitcoin is a good investment... probably even further...