Hello!

I've got a few coins on the side and I'd like to make them work.
Which gambling site do you advise me to invest in the bankroll?

If I want to sell $100K worth of bitcoin -for example- immediately, to secure a price... and then re-buy if the price falls again with that $100K what's the best place to do it?

I have my BTC on coinbase but I never sold before so I'm afraid that if I sell on Coinbase... first of all there may only be a limit of $50K or something, and secondly I'm not sure how selling on Coinbase works.... will I have to wait a week for the sell to process, and is that $ going straight into my checking account? Or does the cash stay in Coinbase until I withdraw? Then I'd have to wait another week to re-buy the BTC if I wanted to buy again.

I want the option to buy and sell immediately, as if I'm on poloneix or BTC-E. If anyone has sold on Coinbase would appreciate it if you let me know how it works, or if you have suggestions on where I should sell the BTC.

I considered GDAX too, but I'm afraid of low liquidity and slippage. Does anyone know if GDAX has a limit on how much I can sell at once?


Thanks

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

Here we go 

http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists

Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 (£11) a barrel, economists at the Royal Bank of Scotland have warned.

In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point.

Hello, I have been using bitcoin for a short time mainly for online gambling sites and money transfers between other bitcoin users.

Recently, a friend sent roughly $1000 worth of bitcoin to Netteller and despite the transaction being confirmed on the senders side, the transaction shows up as "denied" on nettellers end.

Netteller was contacted and we were told it would be refunded within 3 business days. Based on what I know about bitcoin (which isn't much) it seemed like it is not that easy and may take some work on nettellers end. I have no clue really but I felt like they were just blowing us off instead of giving facts.

Please advise. And thanks for the forum. I just found this and look forward to browsing and contributing.

Some members sending me pm about trading and other services and other bitcoin talk service.. how can i know this member asking me real or want to scam with me...

If I had the money I would just donate to people .1 btc. I think once people have their system set up it speaks for itself. This would force them to since it is still a decent amount of money for free

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.   

As Bitcoin emerged from out of nowhere it was quickly given the title of "decentralized king".

A tool against the centralized world of banking to give the power back to the many to correct the errors of the few.

Under the guise of Libertarianism, Bitcoin's aim is to become the monetary base of a new technologically enslaved society.

A digital gold of some sorts that will pave the way for a centralized free world.

Eight years later it unfortunately seems to have taken a wrong turn somewhere.

The Bitcoin ecosystem itself resembles that of Wall St. from fake news all the way down to the constant emergence of penny stocks known as Alt Coins.

Each one promising a technological advantage over BItcoin when in reality "investors" already know that it is merely a scam to inflate the egos and pocketbooks of Bitcoin exchange owners.

Sniff around in this forum and Bitcoin news outlets and you won't have a hard time finding articles where BItcoin advocates jump for joy over the potential backing of a large corporation or huge financial institution.

Read enough of these and you may start to think that Bitcoin itself is merely and arm of the banking/corporate elite.

Perhaps a trial balloon of some sort that was crafted long ago and spun into motion with the hopes of special interests taking over the monetary system for good.

If it failed they could quickly step away and blame all the gullible investors for it's downfall.

If it succeeded they could once and for all bypass all the laws and rule of government and gain full control over their destiny.

Regardless of the outcome it is clear that Bitcoin has turned into something that isn't quite what it promised to be.

With all this in mind I have started to come to the realization that Bitcoin failing may be the Black Swan event that triggers the downfall of modern banking.

Not because of it's disruptive technology but because if it's failure to latch into the minds of the people.

If Bitcoin is in fact an arm of the most wealthy institutions in the world then the failure of it would be quite a blow to the future of such institutions.

Is there anything on the horizon if Bitcoin fails?

Some of you may want to consider the possibility.

Especially with the way things are shaping up politically in the world.

From the European Union cracking up all the way to the potential equities fallout generated by the upcoming U.S. election.

It is clear that the population of the world is not going to take kindly to any banking system that emerges that is not in their interest.

Bitcoin's quick jump to what appears to be quasi centralized does not sound good for the future of Bitcoin.

With the reported Chinese monopoly on mining and large exchanges controlling the worth of Bitcoin I can't see how this is going to play out in favor of the digital currency.

Not short term at least.
















 

Bitcoin is a revolution currency but bitcoin is a fairly inefficient payment network. The latter is a perfectly fine consequence of the former. If people turn this on its head and try to market bitcoin as a payment rail where the currency is an unfortunate requirement, it would be immediately out competed in the market by better payment systems which are fundamentally more scalable than the decentralized Bitcoin system or which don't require costly and unpredictable currency conversion.

Source: https://www.reddit.com/r/btc/comments/57zhd2/another_ridiculous_claim_from_lukejr_in_the/d8wb4hl

Could there be a law on stolen bitcoins? What if there would be a law punishing those who steal bitcoins and those people behind scam sites? And if so, is it necessary to have such law? I'm just wondering, if there would be such law about stolen bitcoins, it could be a big relief to us bitcoin users. But then, there are so many questions and issues that goes with this ideal that makes me skeptical about it. 

So, there is obviously going to be some sort of movements on the markets when we get closer to/post election time; and when there is economic uncertainty in the markets, there is always bound to be some volatile movements in the cryptocurrency/precious metal markets.

So, what are you doing to get ready for the election to hedge your value away from the dollar as we get close to the shit storm that is Hillary vs. Trump? 

I'm especially curious to what people are doing who live outside of the US to get ready for the economic uncertainty.

Hello, I have thousands of dollars in a forex broker, i'd like to withdraw but not to my local bank. My local bank will tax 35% of my profits in forex and i don't want that, also i live in mexico i won't pay taxes to a country that don't even guarantee my sefety, in the city i live in the north of mexico there's is a lot of kidnaps and people killed everyday, i won't give money to my goverment so the politicians can steal it and keep it to themselves, maybe i would pay taxes if they could guarantee at least my safety but they dont.

I'm sorry that i had to give that brief explanation of why i don't want to pay taxes to my corrupted country of my hard earned money.

So the problem is that in my forex broker they only let me withdraw to a bank to "my name". So the bank account gotta have my name, i need a solution that would let me deposit in USD to a internet bank account to my name and then exchange that to BTC inside that service so i can get it out to my Hard drive wallet.

I know some of those services exist but they look like a scam

https://coinsbank.com/ for example. But i heard people been having problems to log in and they won't answer or give support to its users https://bitcointalk.org/index.php?topic=1426875.new#new

Guys I know that there are previous posts and polls regarding the highly suggested source of bitcoin but things always change do I want to know what is the current best source of bitcoin nowadays. Please participate on this poll and kindly tell us why that's your choice. Thanks in advance and God bless us more

This would take away from anonymity, but may help the overall ecosystem because existing members may be influenced into moving some of their funds into BTC accounts. Also, what would happen if the bank ran full nodes? Offered BTC debit cards, credit cards, and loans?

I have seen a lot of myths and misconceptions that are being repeated again and again on the forum, so I decided to start this topic to debunk and change some of the most entrenched myths and beliefs regarding Bitcoin which have nothing to do with reality

1. Bitcoin is not recognized in the world, its use is illegal in most countries
In fact, Bitcoin is legal and accepted in some form in all countries where it might matter for its future adoption and prosperity. In the US Bitcoin had been classified as a convertible decentralized virtual currency as back as in 2013, basically making it into a financial asset. In the EU Bitcoin is officially considered to be a means of payment, i.e. money. In China, bitcoin is fully legal for personal use and possession even though banks and financial institutions are prohibited from using it. The legal status of Bitcoin in Russia is not yet fully defined, but the local authorities now tend to consider Bitcoin as a foreign currency, despite their former threats of criminalizing its use or possession

2. Bitcoin cannot exist without fiat, especially the US dollar
Bitcoin was conceived as a currency, and as such it could facilitate the exchange of goods and consumption of services directly, without any other currency. Money doesn't need other money to function. Saying that Bitcoin couldn't exist without fiat is equal to saying that weight wouldn't exist without scales, which basically comes down to claiming that Bitcoin is not real money. Regarding the US dollar specifically, the total majority of trades involve exchange of Bitcoin and the Chinese Yuan, therefore even if Bitcoin somehow depended on fiat, it most certainly wouldn't be the American dollar

3. Bitcoin is hard to regulate and taxing it will be next to impossible
The primary cause for this myth is an implicit assumption that tax agencies and services will be going after every bitcoiner making it prohibitively expensive to tax Bitcoin. While it is certainly true that it wouldn't be an easy task, it is not how the tax system generally works. It is assumed that every law-abiding citizen should calculate and pay taxes all by himself. If Bitcoin is made taxable, it will be your obligation to pay the tax. Deliberately avoiding such a tax would basically make you into a criminal since tax evasion is considered a criminal offense in many jurisdictions, and you will have to live with that

Will add more myths later, and I don't mind if this topic gets stickied eventually

Bitcoin has been proclaimed dead 89 times. It has been labeled a Ponzi scheme and a failed experiment. Writers have argued for it to be forgotten and for developers to move on to greener pastures. But moving beyond this rhetoric, it’s not all that difficult to compare the rise of bitcoin to that of another technology: the World Wide Web. http://blockgeeks.com/questions/what-is-your-future-predictions-of-bitcoin/#comment-604

I’m happy to present action-gamble.com, a new multiplayer rock paper scissors gambling game, with the following features:

- real time
- no limit
- safe - receive your winnings directly when game ends
- lively on-site chat room
- keyboard shortcuts for quicker play
- only username/password needed to register
- only 1% service fee
- no spam
- mobile friendly

Presentation: Action-gamble is a bit different than most gambling games, instead of playing against the house, you play directly against other players.
This is a decision making game of sense, skill, tilt and strategy.
Rock beat scissors, scissors beat paper and paper beat rock.
Easy rules, complex game.
By exploiting the weaknesses of your opponent, it is possible to gain a significant advantage.

More informations: To signup, you just have to choose a login and a password.
By clicking wallet icon you can deposit and withdraw.
Each game is one vs one, only with real online players, there is no bot on this site.
When you create the game, you can edit the two parameters:
- the bet (from 20000 satoshis)
- the number of rounds (from 1 to 100)
Then you have to wait for the opponent to join your table.
If you don’t wanna wait you can join a waiting player, games that you can join are in green.
You can create as many games as you want but can’t multi-table.
On each bet you have 20 seconds to play, if you wait to much, you lose the bet.
Your balance is updated at the end of the game.

First twenty users will get 0.001 btc ! Just write your username here and amount will be credited few hours later.
Unfortunately you can’t play without bitcoin, this feature may be implemented in the future.

This a beta version, you may see bugs, if so please submit a mail to sven2@tutanota.com

https://action-gamble.com

Since bitcoin and other digital currencies are such a game changer for the traditional economics systems, could there be any government policies that can be devastating to this new market? and even if governments in North America or Europe might not be able to do such things, how about policies from other more centralized countries that could bring the same effect?