Thread Rating:

billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
December 11th, 2022 at 4:03:29 PM permalink
Quote: OnceDear

Quote: billryan

I don't think that he believes he is a scammer. It was just bad timing.
I can imagine the conversations he has had with his compliance officers. SBF literally created something out of nothing, sold it for a lot of money, and still managed to go broke.
link to original post

He invested a lot of his ill gotten gains in donations to politicians on both sides. A pre-emptive bribe?
link to original post



He was working on getting crypto regulated, and buying politicians is a long-established tradition. What is strange is how he donated legally to Democrats but engaged in possibly illegal means to give to the Republicans.

As a percentage of his net worth and his company's assets, the portion he gave to politicians isn't that large. We just have not adjusted to the idea of so many billionaires exerting themselves on society.
The older I get, the better I recall things that never happened
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
December 12th, 2022 at 7:13:55 AM permalink
Reports out today the Federal government is contemplating money laundering charges against some of the biggest names in the crypto field. It seems like the game of musical chairs is concluding. Is it little wonder so many people are telling SBF to shut up?
Will SBF be a modern-day Joe Valachi?
The older I get, the better I recall things that never happened
OnceDear
OnceDear
  • Threads: 64
  • Posts: 7534
Joined: Jun 1, 2014
December 12th, 2022 at 11:50:56 AM permalink
Quote: billryan

Reports out today the Federal government is contemplating money laundering charges against some of the biggest names in the crypto field. It seems like the game of musical chairs is concluding. Is it little wonder so many people are telling SBF to shut up?
link to original post


Among the list of go-getting Crypto entrepreneurs, there's going to be at least a few who are as crooked as SBF. The whole bunch of them, crooked and not crooked will probably know where the rot is. But collectively they don't want to upset the status quo.
Follow the money. If platforms are taking USD in and pushing crypto out, especially new coins, then the alarm should be deafening..... Oh. That's most of them.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
rxwine
rxwine
  • Threads: 217
  • Posts: 12658
Joined: Feb 28, 2010
December 12th, 2022 at 11:59:01 AM permalink
Before the FTX case broke, crypto advertising was really going mainstream. I was starting to see it everywhere.

I do wonder how many people who keep promoting it are really just planning to dump it permanently once they recover their losses.
Sanitized for Your Protection
OnceDear
OnceDear
  • Threads: 64
  • Posts: 7534
Joined: Jun 1, 2014
Thanked by
MichaelBluejay
December 12th, 2022 at 12:22:13 PM permalink
So.....
Why does the crypto exchange Genesis need new investment to stay afloat?
https://en.cryptonomist.ch/2022/11/22/genesis-bankruptcy-recovery/

It runs some servers.
Charges commission on transactions.
Takes in USD
Where's all the USD gone to?

"withdrawal requests from customers far exceeded the available liquidity with Genesis. "
availability of liquidity = availability of new money from punters.

If Genesis can fail, surely Binance or Coinbase could? Your prefered exchange?
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
December 12th, 2022 at 12:45:46 PM permalink
Pyramids work well when the flow goes up, not so much when it has to flow down.
The older I get, the better I recall things that never happened
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
Thanked by
Mission146
December 12th, 2022 at 4:31:40 PM permalink
Bitcoin holders sold 1.5 billion dollars worth of assets in November. It is estimated over ninety percent were short-term holders under a year. From that information, you can conclude that most of these sellers lost money. Will they return?
The older I get, the better I recall things that never happened
rainman
rainman
  • Threads: 19
  • Posts: 1899
Joined: Mar 28, 2012
December 12th, 2022 at 11:25:26 PM permalink
SBF Arrested in Bahamas on criminal charges, authorities say.
You fellas knew the long arm of the law was going to reach out and touch him didn't you
Last edited by: rainman on Dec 12, 2022
coilman
coilman
  • Threads: 139
  • Posts: 1160
Joined: Jan 29, 2012
December 13th, 2022 at 12:00:32 AM permalink
The SHARK was drowning when questions got hot. https://youtu.be/FsU77YNLV_c
rainman
rainman
  • Threads: 19
  • Posts: 1899
Joined: Mar 28, 2012
December 13th, 2022 at 12:14:25 AM permalink
Quote: coilman

The SHARK was drowning when questions got hot. https://youtu.be/FsU77YNLV_c
link to original post



I saw that, Becky wasn't having no BS.
DRich
DRich
  • Threads: 89
  • Posts: 12638
Joined: Jul 6, 2012
December 13th, 2022 at 4:11:28 AM permalink
Quote: rainman

SBF Arrested in Bahamas on criminal charges, authorities say.
You fellas knew the long arm of the law was going to reach out and touch him didn't you
link to original post



Was the timing coincidence? He was scheduled to speak before the House today but obviously can't now since he was arrested yesterday.
At my age, a "Life In Prison" sentence is not much of a deterrent.
SOOPOO
SOOPOO
  • Threads: 123
  • Posts: 11466
Joined: Aug 8, 2010
December 13th, 2022 at 5:40:12 AM permalink
Quote: DRich

Quote: rainman

SBF Arrested in Bahamas on criminal charges, authorities say.
You fellas knew the long arm of the law was going to reach out and touch him didn't you
link to original post



Was the timing coincidence? He was scheduled to speak before the House today but obviously can't now since he was arrested yesterday.
link to original post



I hope he goes to jail. And I really know none of the details. What I most hope is that we don’t use ONE TAX DOLLAR to make any of the investors he bilked ‘whole’.
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
December 13th, 2022 at 6:27:12 AM permalink
Quote: SOOPOO

Quote: DRich

Quote: rainman

SBF Arrested in Bahamas on criminal charges, authorities say.
You fellas knew the long arm of the law was going to reach out and touch him didn't you
link to original post



Was the timing coincidence? He was scheduled to speak before the House today but obviously can't now since he was arrested yesterday.
link to original post



I hope he goes to jail. And I really know none of the details. What I most hope is that we don’t use ONE TAX DOLLAR to make any of the investors he bilked ‘whole’.
link to original post



Sadly, we will spend a lot of tax dollars prosecuting him because a bunch of fools believed he was creating wealth out of nothing and had to get their greedy little fingers on some of it.
The older I get, the better I recall things that never happened
Mission146
Mission146
  • Threads: 142
  • Posts: 16832
Joined: May 15, 2012
December 13th, 2022 at 7:01:19 AM permalink
Bitcoin is having a great day because.......


..........


..........

Bitcoin is having a great day today!
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
Thanked by
Mission146
December 13th, 2022 at 7:21:19 AM permalink
Quote: Mission146

Bitcoin is having a great day because.......


..........


..........

Bitcoin is having a great day today!
link to original post



It's already been explained to you. bitcoin is excellent because if you buy it at $15,000 and it goes up to $20,000, you'll be able to buy more stuff with it. Who doesn't want to buy more stuff?

The scheme has a new life now that SBF is in custody and won't be testifying before Congress as he was scheduled to.
The older I get, the better I recall things that never happened
OnceDear
OnceDear
  • Threads: 64
  • Posts: 7534
Joined: Jun 1, 2014
Thanked by
Mission146
December 13th, 2022 at 8:18:52 AM permalink
Quote: billryan

Quote: Mission146

Bitcoin is having a great day because.......
Bitcoin is having a great day today!
link to original post



It's already been explained to you. bitcoin is excellent because if you buy it at $15,000 and it goes up to $20,000, you'll be able to buy more stuff with it. Who doesn't want to buy more stuff?

The scheme has a new life now that SBF is in custody and won't be testifying before Congress as he was scheduled to.
link to original post

If there's still an exchange out there willing to convert it to Fiat. :o)
It's only up 3.35% on the day so far. Not spectacular. It was >20k on 7 Nov , >31k on 7 June

https://www.tradingview.com/symbols/BTCUSD/ shows a sell, neutral, buy swingometer. As much use as a chocolate teapot. It says to sell any time the price is down and buy at any time it's up. Useless as a predictive recommendation.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
Thanked by
Mission146
December 13th, 2022 at 8:31:44 AM permalink
Quote: OnceDear

Quote: billryan

Quote: Mission146

Bitcoin is having a great day because.......
Bitcoin is having a great day today!
link to original post



It's already been explained to you. bitcoin is excellent because if you buy it at $15,000 and it goes up to $20,000, you'll be able to buy more stuff with it. Who doesn't want to buy more stuff?

The scheme has a new life now that SBF is in custody and won't be testifying before Congress as he was scheduled to.
link to original post

If there's still an exchange out there willing to convert it to Fiat. :o)
It's only up 3.35% on the day so far. Not spectacular. It was >20k on 7 Nov , >31k on 7 June

https://www.tradingview.com/symbols/BTCUSD/ shows a sell, neutral, buy swingometer. As much use as a chocolate teapot. It says to sell any time the price is down and buy at any time it's up. Useless as a predictive recommendation.
link to original post



I can eat a chocolate teapot, I can't eat bitcoin.
The older I get, the better I recall things that never happened
AxelWolf
AxelWolf
  • Threads: 169
  • Posts: 22584
Joined: Oct 10, 2012
December 13th, 2022 at 9:27:34 AM permalink
Quote: billryan



Mark Cuban says 80% of his investments that aren’t on ‘Shark Tank’ are crypto-related:

https://www.youtube.com/watch?v=FsU77YNLV_c

KEVIN O'LEARY Skip to 14:00 to that video link.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
December 13th, 2022 at 9:40:14 AM permalink
Quote: AxelWolf

Quote: billryan



Mark Cuban says 80% of his investments that aren’t on ‘Shark Tank’ are crypto-related:

https://www.youtube.com/watch?v=FsU77YNLV_c

KEVIN O'LEARY Skip to 14:00 to that video link.
link to original post



Don't skip to the fourteen-minute mark. Watch the whole segment. If that segment makes you feel warm and fuzzy about having money in crypto, there isn't much we can discuss. Is what you posted really what you took from the segment?
The older I get, the better I recall things that never happened
AxelWolf
AxelWolf
  • Threads: 169
  • Posts: 22584
Joined: Oct 10, 2012
December 13th, 2022 at 9:44:41 AM permalink
With all this bad news you would think BTC would be nearing zero by now. Yet it's going up. $17,735
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
AxelWolf
AxelWolf
  • Threads: 169
  • Posts: 22584
Joined: Oct 10, 2012
December 13th, 2022 at 9:53:56 AM permalink
Quote: billryan

Quote: AxelWolf

Quote: billryan



Mark Cuban says 80% of his investments that aren’t on ‘Shark Tank’ are crypto-related:

https://www.youtube.com/watch?v=FsU77YNLV_c

KEVIN O'LEARY Skip to 14:00 to that video link.
link to original post



Don't skip to the fourteen-minute mark. Watch the whole segment. If that segment makes you feel warm and fuzzy about having money in crypto, there isn't much we can discuss. Is what you posted really what you took from the segment?
link to original post

No, of course not. I pointed it out because you seem to think it's a terrible investment and there are some sharp investors who think the opposite.

At 15k-16k someone asked if one should invest, and you said NO. it's now above that amount. Bob was poo-pooing it way back when.

Just trying to figure out who I should be listening to 😉
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
rainman
rainman
  • Threads: 19
  • Posts: 1899
Joined: Mar 28, 2012
Thanked by
AxelWolf
December 13th, 2022 at 10:34:43 AM permalink
Quote: DRich

Quote: rainman

SBF Arrested in Bahamas on criminal charges, authorities say.
You fellas knew the long arm of the law was going to reach out and touch him didn't you
link to original post



Was the timing coincidence? He was scheduled to speak before the House today but obviously can't now since he was arrested yesterday.
link to original post



I don't believe its a coincidence timing is everything.
AxelWolf
AxelWolf
  • Threads: 169
  • Posts: 22584
Joined: Oct 10, 2012
Thanked by
Mission146
December 13th, 2022 at 10:44:21 AM permalink
Quote: billryan

Quote: OnceDear

Quote: billryan

Quote: Mission146

Bitcoin is having a great day because.......
Bitcoin is having a great day today!
link to original post



It's already been explained to you. bitcoin is excellent because if you buy it at $15,000 and it goes up to $20,000, you'll be able to buy more stuff with it. Who doesn't want to buy more stuff?

The scheme has a new life now that SBF is in custody and won't be testifying before Congress as he was scheduled to.
link to original post

If there's still an exchange out there willing to convert it to Fiat. :o)
It's only up 3.35% on the day so far. Not spectacular. It was >20k on 7 Nov , >31k on 7 June

https://www.tradingview.com/symbols/BTCUSD/ shows a sell, neutral, buy swingometer. As much use as a chocolate teapot. It says to sell any time the price is down and buy at any time it's up. Useless as a predictive recommendation.
link to original post



I can eat a chocolate teapot, I can't eat bitcoin.
link to original post

Send me a mailing address and I'll send you one you can eat. Seriously I have something for you. Or get your ass to Vegas soon.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
Thanked by
Mission146
December 13th, 2022 at 11:28:24 AM permalink
Quote: AxelWolf

Quote: billryan

Quote: AxelWolf

Quote: billryan



Mark Cuban says 80% of his investments that aren’t on ‘Shark Tank’ are crypto-related:

https://www.youtube.com/watch?v=FsU77YNLV_c

KEVIN O'LEARY Skip to 14:00 to that video link.
link to original post



Don't skip to the fourteen-minute mark. Watch the whole segment. If that segment makes you feel warm and fuzzy about having money in crypto, there isn't much we can discuss. Is what you posted really what you took from the segment?
link to original post

No, of course not. I pointed it out because you seem to think it's a terrible investment and there are some sharp investors who think the opposite.

At 15k-16k someone asked if one should invest, and you said NO. it's now above that amount. Bob was poo-pooing it way back when.

Just trying to figure out who I should be listening to 😉
link to original post



Axe- there is a big difference between an investment and speculation. Investing is a five to seven-year window. You buy now because you think the company will be worth more in the future.
ATT recently fell from the mid20s to under $15. I jumped on it as a great long-term buy, just on dividends, although the stock jumped 25% since.
If you want to speculate if bitcoin will be worth more next week, you have a fifty-fifty chance of getting it right. That's not investing.
Frankly, it would be best if you didn't listen to me. I want you to do your own reading and decide if it is worth owning ,to you.
I know it serves no useful purpose for me, has daily transactions that are down about 30% from its high, has lost market share and has thousands of competitors entering it's field, and its biggest proponents are getting arrested for fraud.
On the other hand, it is up three percent after dropping from nearly sixty to near fifteen.
The older I get, the better I recall things that never happened
OnceDear
OnceDear
  • Threads: 64
  • Posts: 7534
Joined: Jun 1, 2014
December 13th, 2022 at 12:30:29 PM permalink
Quote: billryan


If you want to speculate if bitcoin will be worth more next week, you have a fifty-fifty chance of getting it right. That's not investing.
link to original post



50:50 eh?
I always thought it was far more arbitrary than that.

We should start a little BTC betting circle. Zero-sum game between members in good standing.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
ChumpChange
ChumpChange
  • Threads: 131
  • Posts: 5112
Joined: Jun 15, 2018
December 13th, 2022 at 12:32:47 PM permalink
Do those bitcoin machine/kiosks still work? I heard bitcoin Visa cards were frozen by the exchanges.
OnceDear
OnceDear
  • Threads: 64
  • Posts: 7534
Joined: Jun 1, 2014
December 13th, 2022 at 12:44:46 PM permalink
Quote: ChumpChange

Do those bitcoin machine/kiosks still work? I heard bitcoin Visa cards were frozen by the exchanges.
link to original post


I've heard of Bitcoin ATMs, but they are ilegal in my country, so never used one. Don't they just use regular debit card to buy BTC for your wallet?
There's also BTC backed visa cards issued by a few of the big exchanges. But are they anything to do with BTC ATM's?

Anyways. Members here are unlikely to buy BTC at an ATM because .... "Bitcoin ATMs charge exorbitant fees - 7%-20% in some cases"
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
ChumpChange
ChumpChange
  • Threads: 131
  • Posts: 5112
Joined: Jun 15, 2018
December 13th, 2022 at 12:53:10 PM permalink
If I prepaid a bitcoin Visa card with 1 bitcoin, it would just suck if it lost 75% of its value in 6 months, but it'd be great if it quadrupled in value in 6 months. But it could yo-yo in between and make purchases like a snowflake in time in terms of the price of bitcoin.

I hear car dealers don't take credit cards because of charge-back problems; they want cash.
AxelWolf
AxelWolf
  • Threads: 169
  • Posts: 22584
Joined: Oct 10, 2012
December 13th, 2022 at 1:40:28 PM permalink
Quote: ChumpChange


I hear car dealers don't take credit cards because of charge-back problems; they want cash.
link to original post

One of the reasons Online casinos love BTC.

I don't know how often chargebacks are made at online casinos, but it must be a significant problem. I noticed all the casino affiliate programs mention chargebacks being subtracted or whatever.

I do know back in the day there were a few guys who after getting screwed by a few online casinos decided that two wrongs will make them right.

Apparently, they would use their Credit cards to free-roll the online casinos for large amounts. Deposit big, play big, and if you win cash out, if you lose chargeback.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
DRich
DRich
  • Threads: 89
  • Posts: 12638
Joined: Jul 6, 2012
December 13th, 2022 at 1:44:58 PM permalink
Quote: ChumpChange



I hear car dealers don't take credit cards because of charge-back problems; they want cash.



That is a myth. Car dealers do not want cash, they want you to finance because they get paid for bringing in a finance customer. Have you ever had a car dealer ask you to not pay off your loan too early? Very common tactic, if you pay off your loan in the first 90 days or so the finance company takes back the payment from the dealer for signing up a new customer. When I have bought cars outright, I still always let the dealer write up a loan because that is more profit for the dealer that I don't have to pay. When I negotiate I have a number in mind of how much the dealer can make off of me (usually $300-$500). If they are making money from selling a loan to me for 150 months at 19% interest they see huge dollar signs coming back to them from the finance company. Let them think that. I am paying the loan off the next month and they will get a chargeback for their loan commission.
At my age, a "Life In Prison" sentence is not much of a deterrent.
OnceDear
OnceDear
  • Threads: 64
  • Posts: 7534
Joined: Jun 1, 2014
December 13th, 2022 at 2:00:07 PM permalink
Quote: ChumpChange

If I prepaid a bitcoin Visa card with 1 bitcoin, it would just suck if it lost 75% of its value in 6 months, but it'd be great if it quadrupled in value in 6 months. But it could yo-yo in between and make purchases like a snowflake in time in terms of the price of bitcoin.

I hear car dealers don't take credit cards because of charge-back problems; they want cash.
link to original post

UK Car dealers will not ever accept cash because of Anti Money Laundering regs here. They will accept Debit card or Bank Transfer, I doubt they'll take CREDIT cards, but never tried it.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
December 13th, 2022 at 2:12:46 PM permalink
Quote: OnceDear

Quote: ChumpChange

If I prepaid a bitcoin Visa card with 1 bitcoin, it would just suck if it lost 75% of its value in 6 months, but it'd be great if it quadrupled in value in 6 months. But it could yo-yo in between and make purchases like a snowflake in time in terms of the price of bitcoin.

I hear car dealers don't take credit cards because of charge-back problems; they want cash.
link to original post

UK Car dealers will not ever accept cash because of Anti Money Laundering regs here. They will accept Debit card or Bank Transfer, I doubt they'll take CREDIT cards, but never tried it.
link to original post



I had a friend buy a car on AMEX so he could get double points on the $50,000 or so. The dealership didn't want to, but when he was set to walk, they did it but charged him a small fee for it. On the CGC forum, someone claims to have bought a house using those convenience checks your CC sends out. I'm a bit dubious but he insists it happened.
The older I get, the better I recall things that never happened
DRich
DRich
  • Threads: 89
  • Posts: 12638
Joined: Jul 6, 2012
December 13th, 2022 at 4:34:16 PM permalink
Quote: billryan

Quote: OnceDear

Quote: ChumpChange

If I prepaid a bitcoin Visa card with 1 bitcoin, it would just suck if it lost 75% of its value in 6 months, but it'd be great if it quadrupled in value in 6 months. But it could yo-yo in between and make purchases like a snowflake in time in terms of the price of bitcoin.

I hear car dealers don't take credit cards because of charge-back problems; they want cash.
link to original post

UK Car dealers will not ever accept cash because of Anti Money Laundering regs here. They will accept Debit card or Bank Transfer, I doubt they'll take CREDIT cards, but never tried it.
link to original post



I had a friend buy a car on AMEX so he could get double points on the $50,000 or so. The dealership didn't want to, but when he was set to walk, they did it but charged him a small fee for it. On the CGC forum, someone claims to have bought a house using those convenience checks your CC sends out. I'm a bit dubious but he insists it happened.
link to original post



When we were opening a new casino in Northern Nevada the boss looked at the casino floor and there was an open empty spot. He said get a car in here to give away and do it now. A phone call was made to a car dealer, an Amex card was given, the car was delivered and driven right in the casino within two hours. The next day my buddy tried to buy an iPad and his card was declined. They allowed the purchase of the car but denied his iPad the next day.
At my age, a "Life In Prison" sentence is not much of a deterrent.
rxwine
rxwine
  • Threads: 217
  • Posts: 12658
Joined: Feb 28, 2010
December 13th, 2022 at 4:35:19 PM permalink
What's really stupid about this, is SBF was likely set for life regardless of what happened to the company as long as he kept his hands clean.
Sanitized for Your Protection
AZDuffman
AZDuffman
  • Threads: 243
  • Posts: 14447
Joined: Nov 2, 2009
December 13th, 2022 at 5:01:20 PM permalink
Quote: OnceDear

Quote: ChumpChange

If I prepaid a bitcoin Visa card with 1 bitcoin, it would just suck if it lost 75% of its value in 6 months, but it'd be great if it quadrupled in value in 6 months. But it could yo-yo in between and make purchases like a snowflake in time in terms of the price of bitcoin.

I hear car dealers don't take credit cards because of charge-back problems; they want cash.
link to original post

UK Car dealers will not ever accept cash because of Anti Money Laundering regs here. They will accept Debit card or Bank Transfer, I doubt they'll take CREDIT cards, but never tried it.
link to original post



The credit card fees will kill the profit. Back about 1990 we found a cheapie for my sister, about 1,000. Dealership refused a credit card unless they could add the fee. We just got it a day or two later.

As to chargebacks all they need do is hold the car until it clears.
All animals are equal, but some are more equal than others
jpfromla
jpfromla
  • Threads: 0
  • Posts: 33
Joined: May 2, 2019
Thanked by
MichaelBluejay
December 13th, 2022 at 6:49:58 PM permalink
Every time, I've purchased a car, the US dealer has allowed me to put $5000 on the CC. I did this to get extra points and wrote a check for the rest.
EvenBob
EvenBob
  • Threads: 442
  • Posts: 29521
Joined: Jul 18, 2010
December 15th, 2022 at 6:00:12 PM permalink
I cashed out at Bovada and closed my Bitcoin account for good. Bovada allows you to deposit with a credit card, if you can find one that works, but you can only withdraw with crypto or you can ask for a check but they cost a hundred bucks for each check. I found another roulette wheel in Michigan that takes PayPal so I don't need Bovada anymore and their BS rules. I have never made a deposit with Bitcoin because all I ever make is withdrawals. I already had money in Bovada when they dreamed up the Bitcoin rules. My understanding is now that no matter how you make a deposit at Bovada you have to play through the entire deposit at least once before you can withdraw any of it. At Michigan casinos online you have to play through a bonus at least once but not a deposit. In any event I'm done with Bovada for good, adios.

"It's not called gambling if the math is on your side."
ChumpChange
ChumpChange
  • Threads: 131
  • Posts: 5112
Joined: Jun 15, 2018
December 15th, 2022 at 6:53:45 PM permalink
There's some chatter on twitter that people are getting their bank accounts closed with no notice if they ever had a bank transaction with FTX. They'll get a check in the mail for the balance, but any of the bill pays will be left hanging.
AxelWolf
AxelWolf
  • Threads: 169
  • Posts: 22584
Joined: Oct 10, 2012
Thanked by
TigerWu
December 16th, 2022 at 2:18:48 AM permalink
Quote: EvenBob

I cashed out at Bovada and closed my Bitcoin account for good. Bovada allows you to deposit with a credit card, if you can find one that works, but you can only withdraw with crypto or you can ask for a check but they cost a hundred bucks for each check. I found another roulette wheel in Michigan that takes PayPal so I don't need Bovada anymore and their BS rules. I have never made a deposit with Bitcoin because all I ever make is withdrawals. I already had money in Bovada when they dreamed up the Bitcoin rules. My understanding is now that no matter how you make a deposit at Bovada you have to play through the entire deposit at least once before you can withdraw any of it. At Michigan casinos online you have to play through a bonus at least once but not a deposit. In any event I'm done with Bovada for good, adios.


link to original post

This is absolutely laughable and why it's impossible for anyone sensible to believe your claims.

We have a guy(You) who claims they have a method that can beat roulette consistently with an 80% hit rate.

At one time, you were limited to only Bovada. That was due to either your lack of research or your inability to experiment and try new things.

You say you only make enough to pay your bills( I can't imagine your bills are all that much since you use candles to heat it, and eat sardines.) You could easily be making hundreds of thousands or millions per year if what you are saying is remotely true.

You have been concerned that they may catch on to your superhuman skills and your gig could be up. And yet, you're giving up an entire resource because of a lousy 1x deposit rollover. ROTFLMAO. A 1x rollover on a 1k deposit would be a meager 10 bets if you were to bet $100 a spin. 10 bets with an 80% hit rate mind you.
But even then, it makes no sense to be concerned about a 1x rollover on deposits because you just said. " I have never made a deposit with Bitcoin because all I ever make is withdrawals."

$100 for a check, big friggen deal. Just pump your account up to the maximum cash-out limit and that $100 per check is meaningless in the grand scheme of things. Your profit should be at least 30x that amount.
And yes, people have made hundreds of thousands on Bovada via AP and bonus abuse without issue.

It's absolutely tragic that God has given the one person in the world superhuman gambling powers who can't figure out how to do anything with it other than to make enough to pay his bills.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
billryan
billryan
  • Threads: 247
  • Posts: 17009
Joined: Nov 2, 2009
December 16th, 2022 at 7:49:09 AM permalink
120 million in bitcoin withdrawals overnite, 92% from so-called long term accounts.
It looks like bitcoin is about to do the so-called Death Cross, an event that historically results in a large sell-off. So those of you who think it will hit $250,000 in the next year or so should be prepared for fantastic buying opportunities.
The older I get, the better I recall things that never happened
EvenBob
EvenBob
  • Threads: 442
  • Posts: 29521
Joined: Jul 18, 2010
December 16th, 2022 at 9:27:41 AM permalink
Quote: billryan

120 million in bitcoin withdrawals overnite, 92% from so-called long term accounts.

link to original post



I was one of them. Better to abandon the ship when it's sinking then when it's already sunk. I don't need Bovada anymore therefore I don't need Bitcoin anymore. They can go screw themselves.
"It's not called gambling if the math is on your side."
EvenBob
EvenBob
  • Threads: 442
  • Posts: 29521
Joined: Jul 18, 2010
December 16th, 2022 at 2:02:28 PM permalink
Quote: AxelWolf

Quote: EvenBob

I cashed out at Bovada and closed my Bitcoin account for good. Bovada allows you to deposit with a credit card, if you can find one that works, but you can only withdraw with crypto or you can ask for a check but they cost a hundred bucks for each check. I found another roulette wheel in Michigan that takes PayPal so I don't need Bovada anymore and their BS rules. I have never made a deposit with Bitcoin because all I ever make is withdrawals. I already had money in Bovada when they dreamed up the Bitcoin rules. My understanding is now that no matter how you make a deposit at Bovada you have to play through the entire deposit at least once before you can withdraw any of it. At Michigan casinos online you have to play through a bonus at least once but not a deposit. In any event I'm done with Bovada for good, adios.


link to original post

This is absolutely laughable and why it's impossible for anyone sensible to believe your claims.

We have a guy(You) who claims they have a method that can beat roulette consistently with an 80% hit rate.

At one time, you were limited to only Bovada. That was due to either your lack of research or your inability to experiment and try new things.

You say you only make enough to pay your bills( I can't imagine your bills are all that much since you use candles to heat it, and eat sardines.) You could easily be making hundreds of thousands or millions per year if what you are saying is remotely true.

You have been concerned that they may catch on to your superhuman skills and your gig could be up. And yet, you're giving up an entire resource because of a lousy 1x deposit rollover. ROTFLMAO. A 1x rollover on a 1k deposit would be a meager 10 bets if you were to bet $100 a spin. 10 bets with an 80% hit rate mind you.
But even then, it makes no sense to be concerned about a 1x rollover on deposits because you just said. " I have never made a deposit with Bitcoin because all I ever make is withdrawals."

$100 for a check, big friggen deal. Just pump your account up to the maximum cash-out limit and that $100 per check is meaningless in the grand scheme of things. Your profit should be at least 30x that amount.
And yes, people have made hundreds of thousands on Bovada via AP and bonus abuse without issue.

It's absolutely tragic that God has given the one person in the world superhuman gambling powers who can't figure out how to do anything with it other than to make enough to pay his bills.
link to original post



I cannot respond to incoherency, my brain just sees this as nonsense. Talking just to hear yourself talk.
"It's not called gambling if the math is on your side."
TigerWu
TigerWu
  • Threads: 26
  • Posts: 5833
Joined: May 23, 2016
Thanked by
SOOPOO
December 16th, 2022 at 2:58:40 PM permalink
Quote: EvenBob


I cannot respond to incoherency, my brain just sees this as nonsense. Talking just to hear yourself talk.
link to original post



EvenBob
EvenBob
  • Threads: 442
  • Posts: 29521
Joined: Jul 18, 2010
December 16th, 2022 at 3:20:03 PM permalink
Quote: TigerWu

Quote: EvenBob


I cannot respond to incoherency, my brain just sees this as nonsense. Talking just to hear yourself talk.
link to original post




link to original post



Love the gif and I just stole it, expect to see it again.

"It's not called gambling if the math is on your side."
MichaelBluejay
MichaelBluejay
  • Threads: 86
  • Posts: 1680
Joined: Sep 17, 2010
December 16th, 2022 at 3:47:48 PM permalink
Quote: ChumpChange

There's some chatter on twitter that people are getting their bank accounts closed with no notice if they ever had a bank transaction with FTX. They'll get a check in the mail for the balance, but any of the bill pays will be left hanging.
link to original post

Indeed, having your bank account unexpectedly frozen and/or closed is #3 on my list of 42 risks with crypto. I've had two bank accounts frozen and closed myself, denying me access to my own money while waiting for them to send me my account balance.

Note that I block most people who participate in this thread so I won't see most replies.
I run Easy Vegas ( https://easy.vegas )
AxelWolf
AxelWolf
  • Threads: 169
  • Posts: 22584
Joined: Oct 10, 2012
December 16th, 2022 at 3:49:02 PM permalink
Quote: EvenBob

Quote: AxelWolf

Quote: EvenBob

I cashed out at Bovada and closed my Bitcoin account for good. Bovada allows you to deposit with a credit card, if you can find one that works, but you can only withdraw with crypto or you can ask for a check but they cost a hundred bucks for each check. I found another roulette wheel in Michigan that takes PayPal so I don't need Bovada anymore and their BS rules. I have never made a deposit with Bitcoin because all I ever make is withdrawals. I already had money in Bovada when they dreamed up the Bitcoin rules. My understanding is now that no matter how you make a deposit at Bovada you have to play through the entire deposit at least once before you can withdraw any of it. At Michigan casinos online you have to play through a bonus at least once but not a deposit. In any event I'm done with Bovada for good, adios.


link to original post

This is absolutely laughable and why it's impossible for anyone sensible to believe your claims.

We have a guy(You) who claims they have a method that can beat roulette consistently with an 80% hit rate.

At one time, you were limited to only Bovada. That was due to either your lack of research or your inability to experiment and try new things.

You say you only make enough to pay your bills( I can't imagine your bills are all that much since you use candles to heat it, and eat sardines.) You could easily be making hundreds of thousands or millions per year if what you are saying is remotely true.

You have been concerned that they may catch on to your superhuman skills and your gig could be up. And yet, you're giving up an entire resource because of a lousy 1x deposit rollover. ROTFLMAO. A 1x rollover on a 1k deposit would be a meager 10 bets if you were to bet $100 a spin. 10 bets with an 80% hit rate mind you.
But even then, it makes no sense to be concerned about a 1x rollover on deposits because you just said. " I have never made a deposit with Bitcoin because all I ever make is withdrawals."

$100 for a check, big friggen deal. Just pump your account up to the maximum cash-out limit and that $100 per check is meaningless in the grand scheme of things. Your profit should be at least 30x that amount.
And yes, people have made hundreds of thousands on Bovada via AP and bonus abuse without issue.

It's absolutely tragic that God has given the one person in the world superhuman gambling powers who can't figure out how to do anything with it other than to make enough to pay his bills.
link to original post



I cannot respond to incoherency, my brain just sees this as nonsense. Talking just to hear yourself talk.
link to original post

You read every word and understand what I was saying, but you haven't any logical/rational response, therefore, claim incoherency,

You should be able to understand this...

It's absolutely tragic that God has given the one person in the world superhuman gambling powers who can't figure out how to do anything with it other than to make enough to pay his bills.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
EvenBob
EvenBob
  • Threads: 442
  • Posts: 29521
Joined: Jul 18, 2010
December 16th, 2022 at 5:00:17 PM permalink
Quote: AxelWolf

You read every word and understand what I was saying,



Nope, wrong, don't flatter yourself. I read just enough to realize it was going in the usual incoherent direction it usually goes and I quit. You might not realize this but 98% of your posts regarding me are always the same. More blah de blah blah blah.
"It's not called gambling if the math is on your side."
DRich
DRich
  • Threads: 89
  • Posts: 12638
Joined: Jul 6, 2012
December 16th, 2022 at 5:02:29 PM permalink
Quote: EvenBob

Quote: billryan

120 million in bitcoin withdrawals overnite, 92% from so-called long term accounts.

link to original post



I was one of them. Better to abandon the ship when it's sinking then when it's already sunk. I don't need Bovada anymore therefore I don't need Bitcoin anymore. They can go screw themselves.
link to original post



Do you realize that Bitcoin is neither a person nor a company? It is an "asset". It would be like saying a Van Gough painting can go screw itself.
At my age, a "Life In Prison" sentence is not much of a deterrent.
EvenBob
EvenBob
  • Threads: 442
  • Posts: 29521
Joined: Jul 18, 2010
Thanked by
onenickelmiracle
December 16th, 2022 at 5:05:25 PM permalink
Quote: MichaelBluejay



Note that I block most people who participate in this thread so I won't see most replies.
link to original post



I actually laughed out loud when I read this. All you have to do is offend lil Mikey's delicate sensibilities just one time and he will block you forever. And ever and ever. Hilarious. It's been so long that I don't even remember what I said to get him to block me, it was years and years ago back when he rode a bicycle everywhere and was in the process of creating the persona that he was an expert on everything. Now it's Bitcoin that he's the expert on. Who knows what will be next.
"It's not called gambling if the math is on your side."
EvenBob
EvenBob
  • Threads: 442
  • Posts: 29521
Joined: Jul 18, 2010
December 16th, 2022 at 5:07:16 PM permalink
Quote: DRich

Quote: EvenBob

Quote: billryan

120 million in bitcoin withdrawals overnite, 92% from so-called long term accounts.

link to original post



I was one of them. Better to abandon the ship when it's sinking then when it's already sunk. I don't need Bovada anymore therefore I don't need Bitcoin anymore. They can go screw themselves.
link to original post



Do you realize that Bitcoin is neither a person nor a company? It is an "asset". It would be like saying a Van Gough painting can go screw itself.
link to original post



Wrong. Bitcoin is a dog, my wife's nephew has a dog named Bitcoin and I've seen him. He answers to the name Bitcoin. And he's definitely not an asset.
"It's not called gambling if the math is on your side."
  • Jump to: