... ... Although most gambling sites have converted the bitcoin cash and added it to player's balances as bitcoin. That's the simple, effective, and smart way to do it.
This would be indeed a very effective solution (I admit that I didn´t consider this option at all)! Regarding the unability to withdraw funds before the chainsplit: Nitrogensports made a blogpost that informed players of the exact schedule when withdrawals will be stopped and when the service will be resumed ( https://nitrogensports.eu/blog/note-to-our-players-concerning-the-bitcoin-network/). I concede that other sites have handled the whole chainsplit better, but I don´t rule out the possibility yet, that Nitrogensports will resolve this in a matter that is satisfactory for all involved parties. I admit that you are right with your posts concerning the ongoing issues at Nitrogen Poker, though. Sadsong and you made dozens of posts and the situation hasn´t really improved. It was telling that the Wednesday freeroll had 600/600 players, when the amount of legitimate poker players at Nitrogensports is way smaller than that. Regarding the Bitcoin Cash situation, I´m still optimistic that Nitrogensports will provide users with the ability to either gamble, exchange or withdraw their BCC/BCH (or the respective value in BTC).
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So, one question here... Those that are NOT US Citizens, can they withdraw dollars (After verifying)?
Most likely not, they were talking about manual one-off deals to withdraw 50k+ USD at once a while back, but so far it still seems that the fiat channels on Bitfinex are quite lacking. Corporate customers and individuals in certain jurisdictions are able to deposit/ withdraw fiat afaik Do you mean Taiwan by other jurisdictions? Months ago they were talking about withdrawals in JPY or HKD, but until today it is still not possible to withdraw from your BFX account using any of the mentioned currencies. I think they lost the chance to establish new banking relationships when they introduced their tokens for the people affected by the hack. It is telling that other exchanges like Bitstamp never had problems in establishing banking relationships.
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Yes because Bitcoin is like money, and money is a medium used for corruption. Actually it will ultimately depend on the user. Anyone can use it for good, while others may use it for illegal means. Since Bitcoin is not traceable, people may think of using it for illegal activity since they may get away with it. Or they could use Bitcoin for money laundering acts. These are just some of the corrupt practices that a person may do with the use of Bitcoin.
This is not true. Bitcoin is not as anonymous as people think. There are already several blockchain analytics startup, which try to link BTC addresses to users. It is not that difficult. Just cooperate with a large exchange or something like Coinbase and you are looking at more than 9 million users. Then you can already start linking the withdrawal addresses to real identities, because most exchanges require KYC in order to comply with AML regulations. Tracing transactions gets difficult as soon as mixing services are used, conversions to altcoins are performed or other steps are taken in order to disguise the flow of funds.
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I suspect they are merely waiting how this whole Bitcoin Cash thing plays out
It's already played out. They clearly gave it a LOT of thought by suspending withdraws for two days before the fork. This is an amount of time that was longer than literally every other gambling site or exchange. The fork happened two weeks ago. Since then, nearly every other gambling site and exchange has given the bitcoin cash to the people that held the funds at the time of the fork. There is no reason for Nitrogen to not do the same to it's players. ...although they have over 1.3 million reasons why they might not. Maybe they are working on implementing the possibility of betting with your Bitcoin Cash balance. This could for sure take some time. It would be in their interest to let users gamble with their BCC/BCH, because otherwise everyone would simply withdraw it. I wouldn´t be so fast in condemning Nitrogen for keeping the Bitcoin Cash. Let´s revisit this in a month You are aware that major businesses like Coinbase have still not done the "right thing" according to you as well? In a blogpost on Thursday, Coinbase Director of Communications David Farmer said the exchange intends to support the new Bitcoin Cash currency by January 1, 2018 — "assuming no additional risks emerge during that time."
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Does anybody have plans to buy up these tokens on the cheap? I expect that there will be tremendous profit potential, if you acquire cheap tokens and the site actually recovers.
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lost 800 USD for a high event. lost 400 USD for a classic beartrap (recovery in 12h or 36h).
walls are very tiny on Kraken ... for selling or buying.
I wouldn´t look for walls on Kraken. Other exchanges have more volume or are more relevant for price discovery (we all know that certain Asian exchanges influence the market in a way that is bigger than their actual market share). Kraken can be neglected in terms of buy and sell walls.
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I have three questions:
1. Have you thought about offering the option to secure your Fairlay account using Google 2FA or Yubikey? I know you have several other options to enhance account security, but they are too restrictive in my opinion (e.g. I like to take advantage of using various BTC addresses and therefore do not want to lock in a fixed withdrawal address).
2. I saw a screenshot on a reddit post of your FairlayOfficial account with a preview for the new site design. This was roughly 2 months ago and still has not been activated. I know you have been busy with the whole Bitcoin Cash chainsplit and so on, but do you have any new timeline when we can expect the redesign of Fairlay?
3. I know that you will make Bitcoin Cash balances available. But how are your long-term plans for BCC/BCH? Will you allow users to deposit Bitcoin Cash or place predictions with it? I´m really curious to know how you view the recent events.
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I strongly recommend withdrawing all your funds from NitrogenSports as soon as possible. Bitcoin gambling casinos was recently given the chance to prove their long term good intentions by returning users Bitcoin Cash. NitrogenSports was one of few companies not taking this chance. Big sites has ran away with user funds before. Funds at NitrogenSports are at huge risk.
I highly doubt this. Nitrogen has been around for years and is a really profitable business. Running off with the user funds would be a very short-sighted move. In the long term they will earn enough BTC from their Sportsbook and their other games without having to resort to cheating. I suspect they are merely waiting how this whole Bitcoin Cash thing plays out or maybe they are even thinking about implementing it (I asked if Bitcoin Cash would be allowed for deposits and they answered that they are monitoring the developments surrounding the split). It is too early to condemn them for wrongdoing.
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yes, fiat crash
Bitcoin has yet to experience a real recession in the US or in Europe. The last big financial crisis was before Satoshi even released the whitepaper (Lehman Brothers, AIG and so on). I´m really curious what will happen with the BTC price in a recession where traditional investment like stocks are doing poorly. Besides, we have another halving of the block reward in 2020.
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Interesting and some people might go that route. It's also possible that BFX USD swap rates are going to go very low (eg 5-7% APR). There is definitely a major source or two of new funds which is able to add several million per day without a problem, and if the bull market turns into a bear market the rates will go very low. Especially if BFX can use its equity to back up any future hacks or thefts. How much BFX equity did the company retain?
I think it was to be expected that swap rates will go down in the long-term. It is probably just a result of a more mature market environment for BTC trading in general. I strongly suspect that the BFX rates will reach a level, which is not much higher than the rates you pay for margin trading at traditional fiat brokers (e.g. Schwab or Interactive Brokers in the US). If you are right regarding the new sources of funds, this could of course speed up this process even more. In other words, it was fun while it lasted
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I´d like to join your signature campaign. I have already included the signature code and sent you the necessary information in a personal message
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Nachdem nun Cryptsy und BTCe tot sind würde mich mal interessieren wo ihr so Tradet? Suche nach einer Sicheren Möglichkeit meine ETH weiterhin unter die leute zu bringen.
Danke
Willst Du in Fiat wechseln oder nur Altcoins handeln? Der erstere Fall ist ohne Einbußen beim Datenschutz eigentlich nur noch P2P möglich. Wenn Du zwischen Altcoins konvertieren willst, gibt es zahlreiche Möglichkeiten, wobei die großen Exchanges meines Erachtens an Feature-Bloat leiden. Shapeshift und Changelly (unten verlinkt) sind imho gute Möglichkeiten, wenn man es einfach mag. Da ich aber hauptsächlich an BTC interessiert bin, nutze ich solche Dienste eigentlich nur zum Konvertieren von Altcoin Dust in BTC. Shapeshift und Changelly sind von den Gebühren oft um ein Vielfaches (!) teurer als die großen Exchanges (was natürlich auch logisch ist, da ja eine Partei mehr mitverdienen will). Würde bei größeren Trades also auf jeden Fall Kraken, Bittrex oder Bitstamp (ETH Trading müsste dort jetzt auch losgegangen sein oder in den nächsten Tagen starten) nutzen.
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It seems like violating the TOS could get me in trouble (the great fear is that they'd confiscate my money, or more likely they would not return it if they got hacked/bankrupt). Is the only restriction on unverified people that they cannot withdraw or deposit fiat?
Your concerns are valid, violating the TOS obviously could have ramifications in case of such an event. Besides, it obviously is at least questionable in terms of ethics. I just wanted to point out the theoretical possibility. Yes, that is the only restriction! It is perfectly possible to deposit BTC, sell them and lend out the gained USD in order to take advantage of the attractive interest rates without ever making a fiat deposit.
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3 options to double your BTC in a reasonable timeframe:
1. Arbitrage between different exchanges. This is even more profitable, if you do it with altcoins or automate it using a bot. 2. Lend it out at Poloniex or BFX in times where interest rates are going through the roof (like before the chainsplit / the creation of Bitcoin Cash). 3. Simply hold them, we are sure to hit 10000 / BTC before 2020.
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That's true, bitcoin looks like an asset or share that we have and it keeps increasing it's value when everything is going great, and if there is some problem the price just decreases. We can compare it to a company who is developing quite well now
You may be right, but then what this company produces? Where will the money for its existence? Any investment should stimulate the production. Now bitcoin is more like a pyramid in which people are constantly investing money with the goal of getting rich Bitcoin is a pyramid scheme right now Just like any other purely speculative asset is in general. That said, Bitcoin still has at least some promise beyond that of speculation. I refer to Bitcoin use as a payment system, though it seems that nowadays there are a lot better payment systems based on cryptocurrencies out there. Still, it could be said that this company (I guess it should rather be called a foundation) makes payments possible, so it works pretty much like PayPal and other similar payment system or processor (though it uses its own tokens instead of dollars or whatever) Bitcoin is not a pyramid scheme. Bitcoin´s use case is savings! People finally have the option to invest in an appreciating asset without having to worry about some central bank expanding the money supply or (sometimes politically motivated) other forces, which reduce the purchasing power of their savings.
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Hi, I´m selling 5 NEO for either BTC or ETH. Price for 1 NEO, if you pay in BTC: 0.0081 BTCPrice for 1 NEO, if you pay in ETH: 0.0980 ETHMinimum amount is 0.5 NEO, I don´t want to do too miniscule trades, because of transaction fees If you don´t know what NEO (formerly known as Antshares ANS) is, it is called the "Chinese Ethereum" NEO is up 126 % this week, 417 % this month or 22182 % this year! Especially in Asia it is extremely popular! According to coins.live it is currently the cryptocurrency with the 7th biggest marketcap. Contact me here in the thread or send me a message.
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Still havent seen a real evedence that Bitfinex is making fake volumes. Thats bight be one of the disadvantages of unregulated crypto exchanges. Have no idea what to do with this but i'm afraid some people may insist on adding some kind of moderation (what is usually also not good).
Just 1 or 100 reasons BTC can NEVER be a world currency. It is just not possible to have a decentralized unregulated currency when the "bad" guys game it like this. Not saying BTC should be regulated, no no no but simply exhibit A why it will never be THE crypto for mainstream. Bitcoin doesn´t need to become a world currency. Bitcoin´s main use case is savings! It has outperformed any other liquid asset class over the past 8 years since its inception!
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What is stopping any US citizen from simply opening up a new BFX account? It is not necessary to verify your account at all if you deposit and withdraw only in cryptos.
I see the reasoning behind their decision, but I think practically you can still continue to use their exchange, if you want to do it.
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Good news is that Bitcoin keeps going up (though it looks increasingly like a bubble the faster it goes up - $3570 BTC + $330 Bitcoin Cash = $3900!). I removed my sell orders from the 3000 to 4000 range before they were hit.
Bad news for US residents, as Bitfinex is probably going to stop us from using their website in 90 days including swap lending. I don't think there is any place where a US resident can do USD swap lending. Poloniex only has lending in crypto. Quoine has USD lending, but not for US residents.
I might end up investing in the US stock market - which I don't want to because I feel it is overdue for a crash.
What is stopping you from continuing to use Bitfinex? You can easily create a new account and don´t have to provide any KYC documents. I don´t really see a way how they can prevent you from using their service even if you are based in the US. Besides, you could always use someone else you trust and lend funds using their BFX account. BTC as a technology makes settling with your "marionette" really easy.
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Do you have plans to introduce any additional gametypes? I´m getting a bit bored with the usual NL Holdem and PL Omaha offer.
Something with more action and a few gamble elements would be a nice addition.
Thank you for considering my suggestion!
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