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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Official subreddit for BetMoose.com - a P2P social betting exchange and prediction market where anyone can bet on anything. Create your own bets in seconds, share them with friends and compete globally. BetMoose relies on the power and flexibility of Bitcoin.
I’ve noticed that a lot of online sports bettors are using bitcoin as a preferred withdrawal option lately. After Super Bowl last night, I won a good bit. Now that they’ve sent my winnings to me in bitcoin , I want to ask you guys the most convenient way that you have been able to convert the bitcoin to USD without losing too much money in the process? Me personally, I believe that bitcoin deposits / withdrawal methods are really quick and easy so j would love to continue using this. I would just really appreciate the advice on getting my earnings back in regular money to spend at with the least hassle...
I see tons of advice here on diversifying to reduce risk, increase profits, etc... For the most part I agree with this. However, it's pretty well known (and from my experience) that all altcoins value are tied to Bitcoin in some way. When Bitcoin tanks, you see a sharp dive in altcoins, however, generally Bitcoin is much quicker to recover.
When you're placing a bet on an altcoin, you're essentially making 2 bets. 1) This altcoin will be successful 2) Cryptocurrency as a whole will be sucessful
Whereas a bet with Bitcoin is essentially one bet (Bitcoin will be successful and cryptocurrency as a whole will also be successful). As I see it, in the foreseeable future Bitcoin IS the destiny for cryptocurrency. As BTC goes, cryptocurrency will follow.
My point? In the long run I don't think BTC will be the best currency we have, but in the short term it's what drives the market. Have a stake in BTC and root fot BTC because it's future is cryptocurrencies future.
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