Bitcoin-based online gambling

[Tron]

I bought a lot of Buttcoin at $4K, $11K and $17K

we good

 

[betplom]

I bought a lot of Buttcoin at $4K, $11K and $17K

we good

until it hits $2k

 

[Tron]

until it hits $2k

How ERECT are you right now that BTC is experiencing a correction?

Be honest.

 

[Blitty]

Scam more.

 

[betplom]

How ERECT are you right now that BTC is experiencing a correction?

Be honest.

I got no skin in the game. Don't care one way or the other but I personally would discourage any newbies from getting involved in the "market" at this point in time.

Bitcoin is a pyramid. When fresh "investors" stop entering the market this crypto will collapse, and then be replaced with something newer.
You've been fortunate in that you were in before many others and hold a position closer to the top than the bottom.

Bottom line is bitcoin is software and nobody needs it to live their lives.

When cryptos first appeared they were just a novelty. Then criminals discovered they could be trusted and used to move money around, and now all ransomware requires the victim to pay out in BTC.

As long as crypto remains unregulated, it's not practical as a method of payment...unless you're a crook who doesn't mind if you only get $90M for the cocaine shipment instead of $100M.

There are still people gambling and winning on bitcoin but everyone can't win. Losers are needed to pay the winners.

Blockchain is here to stay, but no government is ever going to allow the national currency to be subjugated to a cryptocurrency that it cannot control. They'll figure out how to control cryptos, just like existing currencies. Rest assured, BTC won't become the defacto currency of any G8 country.

 

[Boner_18]

100% bet on blockchain... not on bitcoin.

 

[Blitty]

 

[betplom]

Anyone buying on the dip.?

 

[betplom]

I want to make sure I'm using the right word.

Down 33% in 7 days is a dip right?

$18k loss in value.

 

[Blitty]

Went down to 29k now back up to 36k

Tron buys the dips and sells the rips


he has a mysterious amount of btc:

between $100-$10000000 worth

 

[reno cool]

I have .13 bitcoin. At one point it was worth maybe 8k. Can't say I'm crazy about loosing several k without even being aware. but whacha gonna do?

 

[betplom]

UP $1740 in the last 60 mins!!

 

[kato]

rich get richer

 

[tullamore]

Bought in at 34k and change. Let’s go.

 

[Blitty]

What’s up with all the crypto dipping at exact same time??

 

[betplom]

How ERECT are you right now that BTC is experiencing a correction?

Be honest.

Correction Versus Crash
In a correction, the 10% decline will manifest over days, weeks, or months. In a stock market crash, the 10% price drop occurs in just one day. These crashes can lead to a bear market, which is when the market falls another 10% for a total decline of 20% or more.

So pal its a crash, not a correction as its greater than 10% in one day.

 

[roguejuror]

Thx Joe Biden

Treasury Calls for Crypto Transfers Over $10,000 to Be Reported to IRS

The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least $10,000 of cryptocurrency to be reported to the Internal Revenue Service.

www.bloomberg.com

 

[roguejuror]

Pretty soon China will ban all of crypto mining operations

It's calculated around 75% of BTC mining right now happens in China