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RS
RS
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April 2nd, 2019 at 8:46:03 PM permalink
I bought DOGE at 0.205c and itís at 0.311c right now. Of course Iím only going to invest in a coin I trust. Elon Musk as CEO is a yuge plus.
MDawg
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April 3rd, 2019 at 12:06:13 AM permalink
DOGE is garbage compared to many of the other cryptos, especially compared to BTC.

Musk's since deleted post about his liking DOGE or being its CEO was his April Fool's joke.


BTC is the one that held its value the best through these rough times, and the only cryptocurrency I would recommend for a long term HODL.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
AxelWolf
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April 4th, 2019 at 11:55:00 PM permalink
I knew there was a reason I didnt like Coin Base, I had just forgot. Perhaps I did something wrong?

I decided to set up a CB account since they allow you to use a debit card, and none of that BS wanting bank account credentials(actually they do ask for that if you want to link your bank account)

I went though all the verification steps level 3 or whatever, added my debit card (had to take picture of front and back of drivers licence) , verified my phone number (they texted me a code), had to verify my identity( had to take picture of front and back of drivers licence again and take a selfie)

I was all happy once it said everything was verified, it was super easy and quick, until I went to buy some BC and I noticed this....
$5 max a week for debit cards. WTF??? I used an account that had almost nothing in it so perhaps that might be a reason? Ill add some money to the account and see if that helps, but I doubt it.
Verified
Level 1
Invest up to $9,500. Buy digital currencies with your bank account or credit/debit card.
Verify phone number
Verified
Level 2
Unlimited investing. Wire funds in and out of Coinbase. Store USD in your Coinbase account.
Verify personal information
Verified
Level 3
Send and receive digital currencies.
Verify photo ID
Your Account Details
Account Limits and Features
Send digital currency
Enabled
Receive digital currency
Enabled
Bank purchases / deposits
$1,000
/day
3DS purchases
$5
/week
Card purchases
$5
/week
PayPal withdrawals
$25,000
/day
Wire transfer
$250,000

Now I read somewhere that it takes more than two weeks to actually buy the coins????
Looks like I will just have to eat the fees and do a wire transfer.(?)
♪♪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
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April 5th, 2019 at 6:39:34 PM permalink
I put a few thousand in that bank account and that didn't help my weekly limits. Still at $5 a week.

I'm buying some bit coin "off the street" and will transfer it into coin base. Now I wonder if I will have limits posed on me how much I can cash out to my bank account, pay-pal etc when I want to cash it out(?)
♪♪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♪♪
MaxPen
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April 5th, 2019 at 7:33:22 PM permalink
Quote: AxelWolf

I put a few thousand in that bank account and that didn't help my weekly limits. Still at $5 a week.

I'm buying some bit coin "off the street" and will transfer it into coin base. Now I wonder if I will have limits posed on me how much I can cash out to my bank account, pay-pal etc when I want to cash it out(?)



Embrace Bitcoin's convenience of use.
AxelWolf
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April 5th, 2019 at 8:12:46 PM permalink
Quote: MaxPen

Embrace Bitcoin's convenience of use.

Kinda hard to deposit tinfoil hats and lead bunker lining into online casino accounts.
♪♪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♪♪
ChumpChange
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April 5th, 2019 at 9:37:43 PM permalink
Yeah, and when you get to week 41 of trying to buy $5 worth of stuff your card gets declined because you spent $200 for the year and there will be tax consequences after that. I think the IRS has FUBAR'ed the bitcoin debit card system.

5 Ways to Buy Bitcoin with Credit Card or Debit Instantly (2019) https://www.buybitcoinworldwide.com/credit-debit-card/
Last edited by: ChumpChange on Apr 5, 2019
RS
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April 5th, 2019 at 10:06:51 PM permalink
Quote: AxelWolf

Kinda hard to deposit tinfoil hats and lead bunker lining into online casino accounts.


Why donít you just deposit black market BTC into Gemini?


Check with coinbase and maybe thereís a way to ďupgradeĒ your account so you can do a higher tx amount.


Actually, if youíre buying street BTC, allís you need is a wallet. Donít need an exchange.
AxelWolf
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April 5th, 2019 at 10:42:02 PM permalink
Quote: RS

Why donít you just deposit black market BTC into Gemini?


Check with coinbase and maybe thereís a way to ďupgradeĒ your account so you can do a higher tx amount.


Actually, if youíre buying street BTC, allís you need is a wallet. Donít need an exchange.

I don't want to park the BTC in a wallet and fade the market action. I want it parked in cash and use it to buy and sell BTC as I deposit and cash out from online the casinos. If they had something like Net-teller that I could use, I would just do that.
♪♪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♪♪
djatc
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April 6th, 2019 at 1:16:08 AM permalink
tether it when you want it out of btc
"Man Babes" #AxelFabulous
Hullabaloo
Hullabaloo
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April 6th, 2019 at 2:54:37 PM permalink
https://finance.yahoo.com/news/trader-who-called-bitcoins-84-decline-in-2018-now-sees-50000-price-target-112129177.html

There ya go.

I'm sure someone would be saying it's the lock of the century.
IndyJeffrey
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May 11th, 2019 at 6:10:03 AM permalink
Quote: AxelWolf

I knew there was a reason I didnt like Coin Base, I had just forgot. Perhaps I did something wrong?

I went though all the verification steps level 3 or whatever, added my debit card (had to take picture of front and back of drivers licence) , verified my phone number (they texted me a code), had to verify my identity( had to take picture of front and back of drivers licence again and take a selfie)

I was all happy once it said everything was verified, it was super easy and quick, until I went to buy some BC and I noticed this....
$5 max a week for debit cards. WTF??? I used an account that had almost nothing in it so perhaps that might be a reason? Ill add some money to the account and see if that helps, but I doubt it.

Now I read somewhere that it takes more than two weeks to actually buy the coins????
Looks like I will just have to eat the fees and do a wire transfer.(?)



OK. So, I have also set up a CB account, and as you did, I "achieved" level 3 as well. Have yet to try any transaction. Your post gives me pause. Any updates? Have you used CB yet? Like you, looking to buy BC, move to/from casino, etc.

Use another service? Any tips/suggestions?
Hullabaloo
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OnceDear
May 11th, 2019 at 3:41:25 PM permalink
Just in case anyone hasn't been paying attention to it, bitcoin has been on a tear.

Currently it's showing $7,246, up $887, (which I believe is from the market close yesterday).
AZDuffman
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May 11th, 2019 at 4:47:54 PM permalink
Quote: Hullabaloo

Just in case anyone hasn't been paying attention to it, bitcoin has been on a tear.

Currently it's showing $7,246, up $887, (which I believe is from the market close yesterday).



Up about 75% from the year-end low. Hoping it gets to 17-20Xs the last high, which is what happened last time. If so, we are definitely talking Cordoba.
All animals are equal, but some are more equal than others
OnceDear
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May 11th, 2019 at 4:58:41 PM permalink
Quote: AZDuffman

Up about 75% from the year-end low.

Up 14% on the day!
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.
AZDuffman
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May 11th, 2019 at 5:00:01 PM permalink
Quote: OnceDear

Up 14% on the day!



On one hand that worries me, OTOH, let it run. And get Litecoin get moving!
All animals are equal, but some are more equal than others
OnceDear
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May 11th, 2019 at 5:02:08 PM permalink
Quote: AZDuffman

On one hand that worries me, OTOH, let it run. And get Litecoin get moving!

Worries you? Why?
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.
AZDuffman
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May 11th, 2019 at 5:08:24 PM permalink
Quote: OnceDear

Worries you? Why?



If it goes too parabolic too quick it will probably fall in the same parabolic way, seems to happen too often. Unlike 2017, this time I have enough to matter if it goes to new highs.

Then again it is just a wild week. Keep building a base and have a wild Nov/Dec!
All animals are equal, but some are more equal than others
OnceDear
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May 11th, 2019 at 5:20:36 PM permalink
Quote: AZDuffman

If it goes too parabolic too quick it will probably fall in the same parabolic way, seems to happen too often. Unlike 2017, this time I have enough to matter if it goes to new highs.

Then again it is just a wild week. Keep building a base and have a wild Nov/Dec!



Predict the future : Take a position : Watch it resolve $:o)

It's only money :o) Might as well enjoy the ride..
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.
AZDuffman
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May 11th, 2019 at 5:28:14 PM permalink
Quote: OnceDear

Predict the future : Take a position : Watch it resolve $:o)

It's only money :o) Might as well enjoy the ride..



I do not know your age but am guessing you are not as old as me so not an old-grouch pessimist?
All animals are equal, but some are more equal than others
djatc
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May 12th, 2019 at 2:29:30 AM permalink
Quote: AZDuffman

If it goes too parabolic too quick it will probably fall in the same parabolic way, seems to happen too often. Unlike 2017, this time I have enough to matter if it goes to new highs.

Then again it is just a wild week. Keep building a base and have a wild Nov/Dec!



It'll keep going up and down. But the next time it tanks it will be a higher low than the last breakout at the end of 2017. I read something on reddit saying to keep track of the lows each period. It's been going up and up as time goes on.
"Man Babes" #AxelFabulous
OnceDear
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May 12th, 2019 at 4:58:04 AM permalink
Quote: AZDuffman

I do not know your age but am guessing you are not as old as me so not an old-grouch pessimist?

I'm certainly much older than the age in your profile, and happy to answer to "old-grouch pessimist", or as I like to put it 'curmudgeon'

The rise of bitcoin won't change my life beyond maybe a few personal treats, which I'll be buying anyway.

If it plunges to zero value, it won't affect me at all..... Except I may have to deal with certain businesses by paypal or debit card. If it rises ten-fold. I'll smile but I won't wish I'd bought more.

I don't take investment decisions in the hope of becoming fantastically wealthy. Years of prudent, unadventurous investment got me to 'my happy place'. I just try to not risk becoming financially stressed.
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.
Hullabaloo
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May 27th, 2019 at 6:48:58 AM permalink
Bitcoin continues its upward swing. As of early Monday morning it's showing the price at:

$8,827.52

Sadly, I don't own any.

I put all my money into CrapCoin. The original price was great, but now it's at -432.22.
AxelWolf
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June 1st, 2019 at 11:49:41 AM permalink
Bitcoin
(BTC)

Following
$8,514.70
+
$105.66
(1.26%)
♪♪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♪♪
OnceDear
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AxelWolf
June 1st, 2019 at 12:10:39 PM permalink
I'm officially through with Coinbase! W@nk3r5 !

Supposedly the biggest Bitcoin Exchange on Earth, they have invested exactly zero bitcoin in customer service. Probably much more in 'anti customer service'

Having signed up and verified all my docs twice in the first month, they are now asking me to take a selfie holding a handwritten note of the date. What next? A notarized fk'in semen sample?

Not happening!

They can just f*** right off! My bitcoin are leaving their hosted wallet and moving to a hardware USB wallet* to be retained in my home safe. I'm just not prepared to have some faceless organisation blocking my access to my funds every or any time I want to use them.

* actually it's an access key secret that is moving: The bitcoin sit out there on the blockchain and are going nowhere.
Last edited by: OnceDear on Jun 1, 2019
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.
AxelWolf
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June 1st, 2019 at 1:52:08 PM permalink
Quote: OnceDear

I'm officially through with Coinbase! W@nk3r5 !

Supposedly the biggest Bitcoin Exchange on Earth, they have invested exactly zero bitcoin in customer service. Probably much more in 'anti customer service'

Having signed up and verified all my docs twice in the first month, they are now asking me to take a selfie holding a handwritten note of the date. What next? A notarized fk'in semen sample?

Not happening!

They can just f*** right off! My bitcoin are leaving their hosted wallet and moving to a hardware USB wallet* to be retained in my home safe. I'm just not prepared to have some faceless organisation blocking my access to my funds every or any time I want to use them.

* actually it's an access key secret that is moving: The bitcoin sit out there on the blockchain and are going nowhere.

I just got comfortable with coinbase so I'm not ready to move on yet. I do see that they don't have a good CS in place. As soon as I run into a problem like yours, or find something different that fits my needs I will be following your lead. It would probably be best if I slowly migrate into something else.
♪♪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♪♪
OnceDear
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June 1st, 2019 at 2:48:17 PM permalink
Quote: AxelWolf

I just got comfortable with coinbase so I'm not ready to move on yet. I do see that they don't have a good CS in place. As soon as I run into a problem like yours, or find something different that fits my needs I will be following your lead. It would probably be best if I slowly migrate into something else.

Well This is the direction I took.
trezor usb wallet
It doesn't provide an avenue for converting to/from fiat money, but I have that angle covered.
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.
AxelWolf
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June 1st, 2019 at 7:30:38 PM permalink
Quote: OnceDear

Well This is the direction I took.
trezor usb wallet
It doesn't provide an avenue for converting to/from fiat money, but I have that angle covered.

I'll let you be the guinea pig and tell me how it works out and then you can school me if its a good alternative. I already have many questions about that thing. I suppose I could use good old Google. That would make your BTC 100% anonymous assuming you bought BTC on "the street"? I assume you cant buy or sell BTC from that? I take it you would now have to manually enter transactions into a spreadsheet if you wanted to keep an accounting?
♪♪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♪♪
Wizard
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Wizard
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June 17th, 2019 at 4:02:05 PM permalink
I have about $12,000 in Bitcoin for sale, about half available now and the other half in a week or so. Looking to get the fair market value. Please, no flea transactions.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
AZDuffman
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June 17th, 2019 at 4:12:14 PM permalink
Quote: Wizard

I have about $12,000 in Bitcoin for sale, about half available now and the other half in a week or so. Looking to get the fair market value. Please, no flea transactions.



Selling now could be like selling Haloid in 1957.
All animals are equal, but some are more equal than others
GWAE
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June 17th, 2019 at 4:13:53 PM permalink
Quote: Wizard

I have about $12,000 in Bitcoin for sale, about half available now and the other half in a week or so. Looking to get the fair market value. Please, no flea transactions.



I thought with bitcoin you could just cash out or whatever. Do you have to find buyers for it?
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
AZDuffman
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June 17th, 2019 at 4:16:00 PM permalink
Quote: GWAE

I thought with bitcoin you could just cash out or whatever. Do you have to find buyers for it?



There are exchanges. (PM me if you want a quick but small 20% or so profit.) But like the NASDAQ in the 1990s, there can be a bit of a spread. Wiz and a buyer can save this "vig" by doing a private transaction.
All animals are equal, but some are more equal than others
Wizard
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June 17th, 2019 at 4:18:24 PM permalink
Quote: GWAE

I thought with bitcoin you could just cash out or whatever. Do you have to find buyers for it?



That's true. It actually isn't mine, but I'm selling it for a friend.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Boz
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June 17th, 2019 at 5:55:43 PM permalink
Quote: Wizard

That's true. It actually isn't mine, but I'm selling it for a friend.



With ďfriendsĒ like this.......
AcesAndEights
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June 18th, 2019 at 6:23:34 AM permalink
Quote: AZDuffman

Selling now could be like selling Haloid in 1957.


It could also be like selling Enron in September 2000.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
AxelWolf
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June 18th, 2019 at 8:19:30 AM permalink
Quote: Wizard

I have about $12,000 in Bitcoin for sale, about half available now and the other half in a week or so. Looking to get the fair market value. Please, no flea transactions.

I don't normally do this but I'll let you get in on some WolfCoin backed by the bank of Axel. We can trade it straight across.


But seriously, take it off the market, I got ya covered.
Last edited by: AxelWolf on Jun 18, 2019
♪♪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♪♪
Wizard
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June 18th, 2019 at 10:03:18 AM permalink
Please consider the offer off the table. It looks like I have enough interested buyers.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
MDawg
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June 21st, 2019 at 7:13:13 PM permalink
That 12K or so of BTC that the Wiz was offering for sale is now worth 13.3K or so....

HODL!
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
AZDuffman
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June 22nd, 2019 at 5:48:02 AM permalink
Quote: MDawg

That 12K or so of BTC that the Wiz was offering for sale is now worth 13.3K or so....

HODL!



And up another 10% overnight.
All animals are equal, but some are more equal than others
IndyJeffrey
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June 23rd, 2019 at 5:44:48 PM permalink
I'm new to the Bitcoin world, am I understanding this correctly? Amy advice tips, warnings, etc., would be appreciated.

1) get a wallet
As I understand it, examples of wallets include Coinbase, BRD, Poloniex. These are desktop & mobile. I understand there are hardware as well. Some people I read believe these are better. Thoughts?
Are there fees typically associated with mobile wallets?

2) buy some bitcoin on an exchange
It appears to me the 'wallet providers' I listed above also act as an exchange. So, I (for example) buy the bitcoin via Coinbase and can store in my coinbase wallet. Is this correct?
I assume there are fees associated with buying bitcoin on an exchange. Agree?

3) to sell bit coin, I can sell it on an exchange (for a fee) or sell it privately by providing my wallet address and it sends the buyer the bitcoin -- no fee
Agree?

At the risk of feeling like a dope, what am I missing?

Thanks community.
AZDuffman
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IndyJeffrey
June 23rd, 2019 at 6:06:16 PM permalink
Quote: IndyJeffrey

I'm new to the Bitcoin world, am I understanding this correctly? Amy advice tips, warnings, etc., would be appreciated.

1) get a wallet
As I understand it, examples of wallets include Coinbase, BRD, Poloniex. These are desktop & mobile. I understand there are hardware as well. Some people I read believe these are better. Thoughts?
Are there fees typically associated with mobile wallets?



No. Coinbase is an exchange. Not sure if the others. JAXX is an easy wallet to understand, but instead of a long explanation I will refer you to YT where they explain it better. I will say loudly, DO NOT LOSE YOUR RECOVERY PHRASE! It is the key to your coins.

Quote:

2) buy some bitcoin on an exchange
It appears to me the 'wallet providers' I listed above also act as an exchange. So, I (for example) buy the bitcoin via Coinbase and can store in my coinbase wallet. Is this correct?
I assume there are fees associated with buying bitcoin on an exchange. Agree?



Coinbase is about the easiest exchange there is. PM me for a $10 bonus if you like. You will need to have an online bank account, do not worry so much about giving your info. I have been buying over 2 years, no hacks.

Quote:

3) to sell bit coin, I can sell it on an exchange (for a fee) or sell it privately by providing my wallet address and it sends the buyer the bitcoin -- no fee
Agree?



Yes, usually buy or sell on an exchange. You can sell by sending it to anyone in trade for whatever you like. Naturally, be careful as there is no way to get it back.

You get two "keys." For simplicity, think of the "pubic key" like your email address and the "private key" as your password. You need to give away the public key if you are receiving. NEVER give away the private key, with the pubic key you can be cleaned out.

Quote:

At the risk of feeling like a dope, what am I missing?

Thanks community.



Not a dope, we all started somewhere. No joke a guy I knew had no idea when I first told him about it and two months later he met a guy started him mining. PM if you want to discuss.
All animals are equal, but some are more equal than others
MDawg
MDawg
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June 23rd, 2019 at 8:26:01 PM permalink
I have two wallets, one is based in Europe, completely anonymous, been storing (receiving) BTC and BCH there since 2011.

I also have a Coinbase wallet, which when I first opened it wasn't as strict about identity verification, but eventually became very strict, not at all anonymous. I have been receiving and storing BTC, BCH, ETH, LTC and various other crypto there for some years.

Both function the same. Coinbase is also a wallet.

I do not trade crypto, nor do I sell crypto. I HODL.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
OnceDear
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MDawgIndyJeffrey
June 24th, 2019 at 1:28:02 AM permalink
Quote: IndyJeffrey

I'm new to the Bitcoin world, am I understanding this correctly? Amy advice tips, warnings, etc., would be appreciated.

1) get a wallet
As I understand it, examples of wallets include Coinbase, BRD, Poloniex. These are desktop & mobile. I understand there are hardware as well. Some people I read believe these are better. Thoughts?
Are there fees typically associated with mobile wallets?

2) buy some bitcoin on an exchange
It appears to me the 'wallet providers' I listed above also act as an exchange. So, I (for example) buy the bitcoin via Coinbase and can store in my coinbase wallet. Is this correct?
I assume there are fees associated with buying bitcoin on an exchange. Agree?

3) to sell bit coin, I can sell it on an exchange (for a fee) or sell it privately by providing my wallet address and it sends the buyer the bitcoin -- no fee
Agree?

At the risk of feeling like a dope, what am I missing?

Thanks community.


You got most of it.
You are just missing ID checks, security, delays, exchange rate volatility and transaction fees.

An exchange like Coinbase will make you identify yourself to an absurd degree before they will let you buy or sell Bitcoin. Photo Id, proof of address, possibly proof of source of funds. They ask for absurd things like a selfie of you holding up a piece of paper with the date on it. Exchanges like Coinbase also probably track and record information about your transactions. They will increasingly restrict you and probably send Suspicious Activity Reports to government agencies as they see fit. It's a real PITA when you have a fistful of Bitcoin and wish to sell them, only to find the exchange won't let you until you jump though their next hoop.
Security: Exchanges get crypto attacked and subjected to fraudulent behaviour all the time, (MtGox) and if your coins, ID details, and credit card details are held by the exchange, you could lose them or have them abused with little or no redress. Also, of course, any kind of internet outage could leave you unable to access your coins. Oh, and if you are careless with computer and password security, you could lose the lot and more.
Transaction Fees: can be pretty high. There are transaction fees even for private transactions Expect to lose about 3% in exchange rate fees when you switch from fiat money to Crypto or back again. Potentially much more or possibly less. Shop around. Also, each transaction you execute will have unavoidable fees of typically a few dollars or even a few percent, varies with coin type. Remarkably, you can roughly tailor your fees by sacrificing speed. A Bitcoin transfer can take about 20 minutes to 'forever' depending on what you bid for priority. Some businesses, especially casinos can make you wait many days or weeks for your BTC and exchange rates can move against you..

I now use a hardware wallet ( trezor) which stores the key to my bitcoin. Bitcoin only ever exist out there on the blockchain, not actually in wallets. That has physical value and I store it safely. I'll use an exchange if I ever decide to buy more or sell with fiat money, unless I can get someone else to trade with me. Wizard recently tried to sell a good chunk of Bitcoin for a fiend. I don't know how that worked out. Some coins are more easily marketed than others. some are so fraudulent that you might as well be buying unicorns (Bitconnect)
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.
King777
King777
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June 26th, 2019 at 7:41:33 AM permalink
I am hoping that bitcoin will reach 20k$ by the end of this year.
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000
Poul King
AxelWolf
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June 26th, 2019 at 9:22:07 AM permalink
Quote: King777

I am hoping that bitcoin will reach 20k$ by the end of this year.
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000

Aren't We All!!!

I'm not sure that I would put any faith in whomever this Trace Mayer is.
Last edited by: AxelWolf on Jun 26, 2019
♪♪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♪♪
OnceDear
OnceDear
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June 27th, 2019 at 11:58:49 AM permalink
Quote: King777

I am hoping that bitcoin will reach 20k$ by the end of this year.
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000


I expressed an interest in Wizard's buddies Bitcoin, but was a little too late....

...Someone dodged a bullet and someone caught one
Bitcoin Drops Below $12K After Biggest Daily Price Move Since January 2018
$11,040.62 USD (-18.82%)

I know... It's just ordinary Bitcoin volatility. I can live without that kind of excitement.
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.
Quanta
Quanta
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June 27th, 2019 at 12:35:42 PM permalink
Quote: OnceDear

I expressed an interest in Wizard's buddies Bitcoin, but was a little too late....



If McAfee ends up not having to eat his D*^% then you still have some time....
MDawg
MDawg
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June 27th, 2019 at 2:08:33 PM permalink
Nothing goes straight up. But over all, we're on target for massive upside over the next years.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
Radged
Radged
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June 28th, 2019 at 7:17:31 AM permalink
Gambling has always been the meaning of my life.
I started playing bingo at the age of 18 on [Link redacted. I wondered when you'd start that]
Sometimes bingo winnings cover my annual income
Mathematics and good memory and most importantly success!
Last edited by: OnceDear on Jun 28, 2019
rawtuff
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June 28th, 2019 at 10:20:28 AM permalink
Quote: King777

I am hoping that bitcoin will reach 20k$ by the end of this year.
Trace Mayer said that the bitcoin price in 2019 will likely close at $21,000



It will probably reach way higher than that, 100k some say and they do have a point.
Doesn't make it less of a gamble - this 2019 run is as obvious of a market manipulation as they come and the manipulators will come ahead and the crowd will mostly be holding the empty bags in the end as always.
Tits are good, but the most important thing is the soul.
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