Bitcoin-based online gambling

Blitty

Nashtucky
Since
Jan 27, 2010
Messages
21,673
No just in Robinhood. I’ve bought up more then got scared and sold all.

Daytrading that stuff is like a Molotov cocktail to the vein.

Pure rush.
 

Tron

New Member
Since
Jan 28, 2010
Messages
24,334
No just in Robinhood. I’ve bought up more then got scared and sold all.

Daytrading that stuff is like a Molotov cocktail to the vein.

Pure rush.
I’ve never day traded it. Just keep buying and HODL. Day trading would crush my nerves.
 

reno cool

leave well enough alone
Since
Jan 29, 2010
Messages
19,060
yeah I almost lost some of mine that I had on a wallet in a computer which I couldn't find. Then I realized it might be on another computer which I haven't used in years :facepalm Luckilly I was able to access it.
Now my problem is that most of my coin is in a paper wallet which I printed out. But I noticed that the characters go all the way to the end of page. So some might be off the page :dunno: It does have that box thingy that should work, I would think.
...I don't even know how I would transfer these things.
 

Matty

Trinket Shipper
Since
Jan 26, 2010
Messages
45,054
Is there an easy way to cash out a Bitcoin fortune? How would someone with several million bucks worth of Bitcoin cash out in USD? Last time I traded this stuff I had to go through a shady exchange that ended up being shut down by authorities.
 

plommer

Not as handsome as TRON
Since
Jan 27, 2010
Messages
25,657
Is there an easy way to cash out a Bitcoin fortune? How would someone with several million bucks worth of Bitcoin cash out in USD? Last time I traded this stuff I had to go through a shady exchange that ended up being shut down by authorities.
There actually are ways to cashout large sums. For Canadians I'd use Kraken if I ever had the problem of having money. Binance and Bitstamp for Euros.

Just yesterday I was able to log in to my Binance acct. I had not logged in in over two years because of problems getting verified via the app and customer service was useless. So I have a new phone and used it to do the online face recognition etc and voila my Binance acct is again useable.

Got a pleasant surprise too. I had forgot about the Cardano ADA and Stellar XLM I bought back in 2019. So when I log in I see my holdings are worth 6X what I had in 2019. Accidental HODL!

Bitcoin fees are quite high right now so I converted all my altcoins to bitcoin cash BCH and withdrew for a fraction of the cost. BCH blockchain is much faster too. Confirmed in a couple mins.
 

plommer

Not as handsome as TRON
Since
Jan 27, 2010
Messages
25,657
So basically, BTC is still reliant on sketchy exchanges.
There ARE sketchy exchanges, yes. But there are also regulated exchanges like Kraken in the US. For Canadians we have some terrific options but not for huge sums. $10k at a time no problem for the Canadian Exchanges. I'd be 1000% confident in Kraken. They are US based but also setup for Canadian customers with an account at a Canadian credit union for receiving wires etc.
 

roguejuror

south china sea
Since
Jan 24, 2010
Messages
57,232
Is there an easy way to cash out a Bitcoin fortune? How would someone with several million bucks worth of Bitcoin cash out in USD? Last time I traded this stuff I had to go through a shady exchange that ended up being shut down by authorities.

For a million plus I would just try to negotiate directly with one of the legal exchanges, private contract not as a user.
 

plommer

Not as handsome as TRON
Since
Jan 27, 2010
Messages
25,657
For a million plus I would just try to negotiate directly with one of the legal exchanges, private contract not as a user.
Yeah negotiating would be a good idea. There are a few brokers here in Canada that do large volume buys/sells in person over the counter. I know it won't be cheap to do a million, you would take a haircut on the transaction but there aren't a lot of options.

I'm a crypto/bitcoin enthusiast but I don't see how bitcoin can become more mainstream. Its now an old technology and "investors" don't want to spend bitcoin, they want to hold it as a speculative commodity. If no one is actually using bitcoin eventually the investing part will die off.
I can see bitcoin being used as a way to move fiat in large amounts. Fees are too high to use bitcoin for small transactions. NOBODY will be paying a $16 fee to buy a $2 coffee at Tim Hortons.