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1  Economy / Lending / Re: I'd like to buy instead of borrow on: October 12, 2013, 10:47:46 PM
I was sending the money from the US to Vietnam.
2  Economy / Lending / Re: I'd like to buy instead of borrow on: October 12, 2013, 10:29:00 AM
A day or two after I posted this I chose a seller on localbitcoins.com and I went to send them the money through Western Union at a local store. However, I was treated with such extreme suspicion and such extreme hostility that I left the two tellers and the manager one of them had urgently called to "Get down here immediately!" without completing my transaction and when I left I was actually followed to my car by the security guard who had shown up during my interrogation. I had said nothing at all about bitcoins though as far as I know they are completely legal, so I don't know what all that was for. I've never used WU before but apparently they have a major problem with Vietnam. So I emailed WU customer service to complain. I still have no btc and I'm not trying to buy any again so consider this thread closed. Thank you.

Great quote by the way, monbux.
3  Economy / Lending / Re: I'd like to buy instead of borrow on: October 02, 2013, 10:09:22 PM
Why did you not post this in the currency exchange section?

I thought the Lending section was appropriate since I'm kind of asking for a favor. But Currency Exchange might have been better.
4  Economy / Lending / Re: I'd like to buy instead of borrow on: October 02, 2013, 09:06:21 PM
Yes, but I didn't find any offers that would truly let me buy online. The website says "Buy bitcoins online" but in reality what you do there is order online and go out to handle the rest of the transaction. Some or all sellers who take Western Union or MoneyGram specify that you can't use either .com to send them payment, you have to physically visit a store and pay with cash. I even registered for an OKPay account only to find out that OKPay doesn't accept US clients. So if my objective is to buy btc online I don't see how I can do that without someone deciding to assist me.

That is a helpful website and I appreciate the recommendation but I seem to be stuck on buying online only. I wonder why that's so impossible to do?
5  Economy / Lending / I'd like to buy instead of borrow on: October 02, 2013, 07:21:42 PM
Can an experienced user buy bitcoins for me and send them to me? I'll pay for the btc and a reasonable transaction fee before you deposit them in my wallet of course! Amazon has something similar to PayPal and I'd like to use that but if you prefer something else, we'll use that instead. I've been wanting to buy btc for weeks but I haven't been able to because I want to buy them online and there's always a snag to stop me from using whatever websites I've learned about here or at Wikipedia. It would be much easier for me if someone else buys the bitcoins for me ($175.00 USD or 1.33 btc currently) and I pay that person to send the bitcoins to me. Anyone interested in helping a first-time buyer and making $10.00?
6  Economy / Securities / Re: Buying shares in bitcoin casinos - Yea or Nay? on: September 30, 2013, 04:04:42 AM
Right now Just Dice is in the negative. The profit is -5450 BTC, down from around 7000 BTC.

They got taken to the cleaners.

Press: http://www.heraldsun.com.au/technology/news/the-biggest-bitcoin-win-in-gambling-history/story-fni0bzod-1226725824027

Wow!

Looks like for the first time in online gambling it's actually better to be a gambler than the house. I've decided not to buy shares thanks to everyone's helpful advice here. I think I might make a lot more money by playing roulette instead.  Cheesy
7  Economy / Gambling / Re: Best wallets for gambling? on: September 24, 2013, 07:29:17 AM
Thanks a lot.  Smiley


8  Economy / Gambling / Best wallets for gambling? on: September 23, 2013, 08:34:41 AM
Which wallets are compatible with gambling websites? I know that some wallets are incompatible but I haven't been able to find a list of which are compatible.
9  Economy / Securities / Re: Buying shares in bitcoin casinos - Yea or Nay? on: September 21, 2013, 06:10:46 PM
SatoshiBones is selling 10% of all future profits for a total of 250BTC: http://bitzillions.com/satoshibones/stake They are wonderfully honest and transparent but from looking at the payment reports it seems as though not even the biggest investors are making more than $20 per month. The converter I use is here: http://coinmill.com/BTC_USD.html I wouldn't invest in this because I want my investment to be a highly profitable one! And won't each investor's monthly payment decrease even further as the 10% is dispersed between the final total of a HUGE number of investors? Because if that's how it works I don't see why anyone would buy shares.

That website doesn't meet the requirements for provably fair betting. They don't post the hash of the server seed in advance, which makes it possible for a malicious operator to skew the results. And even if the operator is not malicious, the fact that the hash isn't posted in advance makes you question the experience/knowhow of the operator.

Anyway, the bet volume on that site seems really low. 250 BTC buys you only 10% of the profits, so the expected gains are really low, especially considering the fact that the Bitcoin gambling business is highly competitive, with new sites and innovations popping up regularly. SatoshiBones is a straight-up clone of SatoshiDice without any new innovations to attract gamblers (the house edge is slightly smaller at 1.5% instead of 1.9%, but there are plenty of 1% edge sites already). Furthermore, there is no information on how you can withdraw your investment, if it's even possible and whether you can always withdraw the full invested amount even if the site loses.

Excellent points! This is definitely not what I call a good investment either.
10  Economy / Securities / Re: Buying shares in bitcoin casinos - Yea or Nay? on: September 20, 2013, 10:26:51 AM
SatoshiBones is selling 10% of all future profits for a total of 250BTC: http://bitzillions.com/satoshibones/stake They are wonderfully honest and transparent but from looking at the payment reports it seems as though not even the biggest investors are making more than $20 per month. The converter I use is here: http://coinmill.com/BTC_USD.html I wouldn't invest in this because I want my investment to be a highly profitable one! And won't each investor's monthly payment decrease even further as the 10% is dispersed between the final total of a HUGE number of investors? Because if that's how it works I don't see why anyone would buy shares.
11  Economy / Securities / Re: Buying shares in bitcoin casinos - Yea or Nay? on: September 19, 2013, 02:13:32 AM
I think it would be both wise and profitable to invest in bitcoin casinos even though their wonderful 100% provably fair games usually result in lucky players. What is your opinion on buying shares? What is your educated opinion on the short term and long term profitability? And how do we avoid not-obvious scams and schemes?

do You have any examples of bitcoin casinos who are offering to buy shares or give possibilities to invest?

LetsDice (but IPO now closed I see) and JustDice.
12  Economy / Securities / Buying shares in bitcoin casinos - Yea or Nay? on: September 18, 2013, 09:50:58 AM
I think it would be both wise and profitable to invest in bitcoin casinos even though their wonderful 100% provably fair games usually result in lucky players. What is your opinion on buying shares? What is your educated opinion on the short term and long term profitability? And how do we avoid not-obvious scams and schemes?
13  Other / Beginners & Help / Bitcoins are not a stable currency? on: September 14, 2013, 07:26:41 PM
I just read "Got a decent windfall of BTC, what to do?" and it gave me some new information. I thought that Bitcoins were worth whatever they were worth - had a fixed price or fixed USD equivalent - but apparently the worth of Bitcoins fluctuates! What do you think about this fact? I was wanting to use Bitcoins but now I don't feel that using them would be especially safe because what if I made the incorrect choice about at what value to buy or sell? That seems tricky for people who don't play the stock market. I think that Bitcoins are just what we need - finally, something new! But apparently they aren't going to be as simple to use as I thought.
14  Other / Beginners & Help / Re: Newbie here - question about Bitcoin online casinos on: September 14, 2013, 07:08:00 PM
Thanks a lot, everyone!

I am US based so if you have more suggestions for US players, please leave them here.  Smiley
15  Other / Beginners & Help / Newbie here - question about Bitcoin online casinos on: September 14, 2013, 02:48:56 AM
Which online Bitcoin casinos have the highest limits for roulette, blackjack and baccarat? I've been to quite a few sites and I can't find out what the betting limits are. And how many Bitcoins is equal to $100.00 USD? I've actually used the converter but I don't understand the results which are like "100 USD = 0.546436484936 Bitcoins". Thanks for your help.
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