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  1. #21
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    Quote Originally Posted by Casinorep View Post
    I'm going to hold on to mine and won't cash out until it surpassses $700/coin.
    It is a nice little bump ... but I'll be surprised if you dump at $700.

    You seem to have the bug. It may hit $700 ...
    And then you'll wait for $800 .. and then $900 ?

  2. #22
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    then all of a sudden you cant bring yourself to sell at $350...
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  3. #23
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    Haha you got a point. But my commission was paid at $657/coin, so at $700 I'd make a tiny profit and enough to sell just in case it plummets again. (I'm not that greedy and rather play it safe).
    Last edited by Casinorep; 8 September 2016 at 4:48 am.

  4. #24
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    If you have bitcoins just sitting there I would wait a bit more, I believe it'll reach the $700

  5. #25
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    Up $625 as of now.

  6. #26
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    keep them for a while i think it will keep on going up

  7. #27
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    Interesting that in January 2011 bitcoin was valued at only 25 cents. The beginning of 2016 the valued had grown to about $435 and by mid-October it had risen to over $650. Albeit Bitcoin had been valued much more a few years earlier. Although Bitcoin is used for financial transactions there are great investment opportunities with the currency and as such there will be ups and downs. Long term looks very promising. Rumour has it that it could be worth three times the current value, but the question is when. But that is the question for all investments and if we knew those answers we would all be rich.

  8. #28
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    Nice example of an useless post. I would not react if I were not forced to read it in my email. I hope you have more to say than 100% dull things aggregated from over the internet.
    We are all bloodsucking ticks, hungry, devious
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  9. #29
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    Lol. A bit harsh
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  11. #30
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    The points that were made are legit regardless if you agree or disagree. At least the post provided some information for consideration.
    Last edited by spplayer; 16 October 2016 at 7:44 pm.

  12. #31
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    Because it is an offense. To read generic nonsense and then even "being downvoted" by a new nickname and his proxy. Everything starting with #27 post in this thread should be deleted. Zero information posts are worse than a war. I am ignoring you both SEO trolls (or whatever other reason of posting is yours), otherwise I will be harsh from now on.
    We are all bloodsucking ticks, hungry, devious
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  13. #32
    MMM
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    Was now asked by Bitstamp regarding my occupation, purpose of use, origin of BTC (+ docs). I prefer to answer the way things really are - Will they close my account for being gambling related?
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  14. #33
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    I prefer doing things like that too. With Bitcoin and gambling I was not always successfull Therefore I am not telling people around at first sight, especially banks, that I do affiliate or gambling affiliating, but instead of it, I am telling I am doing online marketing (which is true as well). Fortunatelly I have few small non affiliate and nongambling sources of income, so in the first place I always mention Google (adsense), even when it makes me pennies. Some adcompanies use btc now as well, and it is worth of cooperating with them on small scale only for the purpose of this excuse for future.

    My experience here is that most people and companies simply do not make difference between gambling and gambling affiliates. Even those who are close to the industry. If they are forbidden to deal with gamblers, then anything that includes the keyword "gambling", is a dangerous field (same story with bitcoin and banks). Bitstamp is originally based in Slovenia, so it is probable (but not certain), that they will like online gambling as Slovenia does (grey area, potencially regulated in future).

    I guess there is no other way now than to tell the truth, but I would avoid words like "gambling" at least in the initial email. I would be very brief with 1st reply, they will ask for more documents further, then you can send them some copies of invoices with explanation what is a revenue share (where you deliver customers not gamblers). I still think it should go through even with the gambling affiliation mentioned, because your bitcoins are the cleaniest around. The only other people who want to convert bigger sums of bitcoins are: miners, btc speculators, gamblers, drug dealers and ransomware criminals, from which only the last 3 groups deal with real economy outside of bitcoin. I guess they can not kick out everybody connected to the world out of btc.

    Note: I have no experience with converting bitcoins to fiat on larger scale (only the reverse).
    We are all bloodsucking ticks, hungry, devious
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    ass-blood sucked by the first from the last is his own

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  16. #34
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    Sherlock, probably good news for you.

    Just to update that Bitstamp run a check on my account and it was approved.

    Was a long process with a lot of paperwork - including bank statements, tax statements and so on.

    At certain point I disclosed my list of sites so they are aware that the money is gambling/affiliate related.

    They did write that account is approved but may ask for additional docs in the future.
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  17. #35
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    It is not good news only for me, but for everyone. (I am not withdrawing or using Bitcoins on large scale. It is my pension fund.)
    It is great that btc is developing as legitimate payment channel.
    For me it is great too because of the long position. Thanks!

    The only bad issue (for sellers) about Bitstamp recently is that it has nowadays the worst rates.
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  18. #36
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    I am really newbie when it comes to BTC. I think I would really trust it when it makes the cross to "white" markets. It was mainly black and now it's touching grey (touching cause it's mainly US gambling).

    Also was surprised that gambling might have such an impact. I would expect that China economy decline (many say upcoming collapse) would be the main factor.
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  19. #37
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    I will post the things about gambling and impact on btc in the next thread later. The fact is that nobody from us knows what happens in China. I guess the CNY goind down has impact, but we can never be sure. What we can be 100% sure is btc&gambling and that market did not priced it in (nobody talks about it at bitcoin trading [just me ofc]). Even the China is far from white market btw. There are capital restrictions and bitcoin is not something allowed by state. Not even close.

    Once Bitcoin is 100% white, it's price will be anywhere between 50K and 5M. That is something that does not make sense now. Bitcoin exists because states imposed too harsh restrictions on money, so nonwhite economies do not have money which can be used.

    Bitcoin or blockchain transactions will be always relatively costly to off-blockchain/fiat. So the white economy will always prefer fiat. Unless something crazy happens with economies and even then it is far from certain.
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    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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  21. #38
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    Sherlock , can you advice some links to who wants to learn about bitcoin and affiliates and bitcoin with gambling?

    Im learning about it, more about the blockchain concept than the BTC itself

  22. #39
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    I am afraid that the best source of information about bitcoin and affiliates is right here. It is a new territory. It has been taken seriously only for few months in gambling.

    As for "Bitcoin with gambling" (probably gambling with Bitcoin). There are 2 still distinct kinds:
    1. Casinos and bookies and affiliates denominated only in BTC. They target specific sort of people who already are bitcoiners/hodler whales. There are even special games that are being played directly on blockchain. (Yes maybe in future we will see blockchain powered casinos, but that will not be bitcoin, beause those games would be provably fair.).
    2. Regular casinos, that use btc only for transfers. The bitcoin is useful only at restricted territories (for now mostly USA), where it is too costly to move "normal money".

    If you want to learn about the case nr1, go probably to bitcointalk, bitcoin reddits
    If you want to know about nr2, go to forums with US gamblers (Covers, Sportsbookreview, 2+2...).

    Generally speaking the bitcoin world and the gambling world are two different worlds. It is mainly because when some people own or talk about bitcoin or blockchain, they create kind of a cult of idiots, who talk about not so important things and this disgusts every outsider. But Bitcoin is not only for the weird people who already own it.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
    when the last and the first latch on it can be shown
    ass-blood sucked by the first from the last is his own

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  24. #40
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    What's ironic is that I agreed with most of you that Bitcoin will rise past $700 and to hold on to mine until it does. Yet failing to stick to my gun, I sold it at $630 and now I feel the punch in the gut when I see it surpasses $700....

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