General Betting
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Anyone had any experience of the BetBTC exchange?
Had a quick look - seems like some big gaps in markets and obviously not much liquidity, but actually quite surprised by the amount traded - 12.2 bitcoins (£6,400) on tomorrow's Euro semi final at the moment - 30% of what's been traded on purple (assuming they calculate the figure in the same way). It's obviously very new, so seems to have made a decent start in the industry.
Had a quick look - seems like some big gaps in markets and obviously not much liquidity, but actually quite surprised by the amount traded - 12.2 bitcoins (£6,400) on tomorrow's Euro semi final at the moment - 30% of what's been traded on purple (assuming they calculate the figure in the same way). It's obviously very new, so seems to have made a decent start in the industry.
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Had a quick look and the site looks good.
The only problem is that no UK users and the volatility of the coins.
The only problem is that no UK users and the volatility of the coins.
Yeah. Don't reckon it's much of an issue to use from the UK - just need a VPN. It says 'We reserve the right to block your account if we find it's from the UK. In this case if the account balance is not empty, we will reimburse the funds to the origin bitcoin address'.
Doesn't look like you'll lose money if they do find out you're in the UK.
The volatility certainly is an issue. I think bitcoin (much like gold), is seen as something as a safe haven during choppy times. That's not to say government legislation or other issues won't interfere in the currency's value.
However, any volatility makes keeping a deposit in bitcoins is probably more of a gamble than any you'd make on the exchange itself.
Definitely something I'll keep an eye on though.
Doesn't look like you'll lose money if they do find out you're in the UK.
The volatility certainly is an issue. I think bitcoin (much like gold), is seen as something as a safe haven during choppy times. That's not to say government legislation or other issues won't interfere in the currency's value.
However, any volatility makes keeping a deposit in bitcoins is probably more of a gamble than any you'd make on the exchange itself.
Definitely something I'll keep an eye on though.
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