21–30 of 56 posts
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Why do you think the market is wrong on this one?
"Market" is an exaggeration. It's a battleground of flawed trading bot algos, immature investors, internal fraud by exchanges, and some shady characters ("Fontas", "whales", etc.).
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The withdrawals will be supposedly enabled after the 20th with limits! They are clearly insolvent and I hope to see Mark Karpeles and Roger Ver in jail sool! "The Bitcoin Satan" (i.e. Roger Ver) is actually soliciting people on Bitcoin Forums to buy their coins and dollars at Mt.Gox at a discounted rate, i.e. they are trying with Mark to steal coins from customers and cover up the loss from theft that's most probably…
You want to ban Bitcoin gambling more that it's already banned? So betting is only OK when it's a state lottery?? I can most decidedly assure you that people where I live routinely spend their last pennies on state lottery tickets. And the people who lost some of their money by investing in a volatile new market, then tried to gamble their way back to a break-even point and lost? They bear no responsibility for this?…
State lottery is regulated. It also physically prevents people from putting money into it, which they cannot afford to lose (well, there are services that automate this for you at a price). Gambling is addictive and more often ruins lives than it makes people rich - I know this first-hand as I have relatives who just cannot get out of the vicious circle! I have no doubt that in the future all gambling will be prohibited and will be severely prosecuted.
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"Market" is an exaggeration. It's a battleground of flawed trading bot algos, immature investors, internal fraud by exchanges, and some shady characters ("Fontas", "whales", etc.).
How is that different to any stock market?
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If the "battleground" is the exchange value of Bitcoin, then calling it a market is not an exaggeration.
Ideally, the market price is driven purely by demand and supply, not by bots and speculators.
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You want to ban Bitcoin gambling more that it's already banned? So betting is only OK when it's a state lottery?? I can most decidedly assure you that people where I live routinely spend their last pennies on state lottery tickets. And the people who lost some of their money by investing in a volatile new market, then tried to gamble their way back to a break-even point and lost? They bear no responsibility for this?…
People should stop using vulgarism as crutches for their frail thoughts. State lottery is regulated. It also physically prevents people from putting money into it, which they cannot afford to lose (well, there are services that automate this for you at a price). Gambling is addictive and more often ruins lives than it makes people rich - I know this first-hand as I have relatives who just cannot get out of the viciou…
Earlier quoted context omitted.
You want to ban Bitcoin gambling more that it's already banned? So betting is only OK when it's a state lottery?? I can most decidedly assure you that people where I live routinely spend their last pennies on state lottery tickets. And the people who lost some of their money by investing in a volatile new market, then tried to gamble their way back to a break-even point and lost? They bear no responsibility for this?…
People should stop using vulgarism as crutches for their frail thoughts. State lottery is regulated. It also physically prevents people from putting money into it, which they cannot afford to lose (well, there are services that automate this for you at a price). Gambling is addictive and more often ruins lives than it makes people rich - I know this first-hand as I have relatives who just cannot get out of the viciou…
And I understand better now, you're emotionally involved in the issue. I'm sorry your relatives have this problem, but they'd have the same issue with the state lottery in every state I've ever lived, since none of them require an ID (so no way to prevent people from spending their last dollar).
And no, gambling doesn't make many people rich. I think most of us know that, at least from a rational perspective.
By the way, alcohol very near ruined my life permanently, before I stopped drinking 10 years ago. Should I call for peoples' enjoyable evening glass of wine to be banned, and for them to be "severely prosecuted"?
And good luck with your "all gambling will be prohibited". More and more states are legalizing gambling, since it's a nice revenue stream.
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Ideally, the market price is driven purely by demand and supply, not by bots and speculators.
@Karunamon Sorry for not being clear. My point is that increasing price it's not indicative that more people are getting interested in Bitcoin like many are trying to present it. It's purely speculation and we saw recent polls showing regular people not being interested in alternatives to the dollar.
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People have lost every last penny trying to recover from ______ by gambling
Bitcoin gambling has a very low entry point.
The high bar to bitcoin gambling is evidenced by the fact that relatively few people are doing it, for how many people love to gamble. Bitcoin gambling is astronomically dwarfed by other forms of gambling. It's a fucking rounding error.
For anyone that is interested there is now a market for trading "real" bitcoins for "gox" bitcoins. https://bitcoinbuilder.com/
For anyone that is interested there is now a market for trading "real" bitcoins for "gox" bitcoins. https://bitcoinbuilder.com/
Can you explain what is stuck at Gox? Is it peoples bitcoins or their cash? How can they get them out to trade to other people and if they can why are they valued lower than normal bitcoins?