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Showing 12 of 12 results by bitcoinhelp
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Topic
Board Gambling
Re: 1% BTC Ponzi
by
bitcoinhelp
on 10/02/2014, 09:49:31 UTC
they do seem to pay (for now at least)
Post
Topic
Board Gambling
Topic OP
1% BTC Ponzi
by
bitcoinhelp
on 09/02/2014, 18:26:34 UTC
http://igjam.com/ 

Smaller payouts should mean it lasts longer
Post
Topic
Board Gambling
Topic OP
Double Your Bitcoins Explained
by
bitcoinhelp
on 05/01/2014, 22:52:03 UTC
The method basically goes like this: You bet 1/3 of the bitcoins you have deposited. Then you click bet and cashout. This will give you an earning of ~10% of your deposit.

Follow the guide below:
1. First Go Bitcoin Dice Game and then Deposit any amount of BTC to the address shown in your browser. (I recommend a minimum of 0.1 BTC and a maximum of 0.6 BTC)
2. Now you select how much bitcoins to play with. Select 1/3 of your initial deposit. In the tutorial I made a deposit of 0.1 BTC and played with 0.01 BTC. Make sure you chose to bet.
3. Choose the last two numbers and click those. The second to last will give you ~100% of your bet & the last will give you ~32%
4. Now click cashout and you will receive a total of ~28% profit (almost a third of your bet and almost 10% of your initial deposit)
5. Repeat this 11 times and you will earn more than 100% of your initial deposit.
6. Continue playing for more Bitcoins or withdraw it all.

Why it works:
It is quite simple why this works. When you chose those numbers, it gives you a high probability of winning. This means you can play almost 10 times in a row and not hit a single loss. If you roll and cashout each times, that means you will earn 250% of your bet from the 9 games you win. Then if you lose the 10'th game which means you lose 100% of your bet, you will end up with a 150% profit(!)
Ending notes
The website allows instant withdrawals. However, your deposit needs to have 3 confirmations by the bitcoin network before you are able to withdraw your earnings.
You can see how many confirmations the payment has received using Blockchain: https://blockchain.info/address/[Your deposit address]
Post
Topic
Board Economics
Re: Economic Idiocy
by
bitcoinhelp
on 25/12/2013, 20:32:56 UTC
Yes, as we can see, public schooling has been quite the success.

/s

no child left behind lol
Post
Topic
Board Economics
Re: Technological unemployment is (almost) here
by
bitcoinhelp
on 25/12/2013, 17:10:28 UTC
The actual empirical evidence doesn't support the wishful thinking that higher unemployment will hurt consumer spending and the economy in general. The bourgeois class doesn't have to fear people not being able to buy their stuff.
Post
Topic
Board Gambling
Re: Anyone interested in a service to minimize bitcoin volatility while preserving
by
bitcoinhelp
on 18/12/2013, 02:18:52 UTC
I;m deciding how the payout structure would be

I would offer a daily dividend of .25% of principle ($1.5 out of every $600) that would be paid out of my non-bitcoin related activities (this would be paid to encourage people to remain in the fund and to ).

I am able to minimize bitcoin volatility the way way I do through stock trading: selling call options (a covered call) & market timing. Due to bitcoin's abnormally high volatility selling options can be very lucrative allowing you to make money in any market condition, including declines.

http://www.investopedia.com/articles/optioninvestor/08/covered-call.asp

For example, using Black-Scholes option pricing on bitcoin with a $700 strike, $700 present price, and 1/2 year time until maturity, and 200% volatility. Such a contract is worth about $360. By selling these contracts I am able to collect guaranteed $360 per bitcoin at the end of six months even if bitcoin does nothing. I would only lose money if bitcoin falls below $350 after six months.

http://www.mystockoptions.com/black-scholes.cfm?ticker=&s=700&x=700&t=.5&r=.001%25&v=200&calculate=Calculate
Post
Topic
Board Gambling
Topic OP
Anyone interested in a service to minimize bitcoin volatility while preserving
by
bitcoinhelp
on 16/12/2013, 23:29:52 UTC
 Anyone interested in a service to minimize bitcoin volatility while preserving 50-95% of potential upside?

If anyone is interested in participating in such a service let me know
Post
Topic
Board Beginners & Help
Re: Wired 10k on Monday morning into mtgox ..still nothing
by
bitcoinhelp
on 06/04/2013, 22:02:41 UTC
scanned my wire document today
this is taking much longer than i expected
Post
Topic
Board Beginners & Help
Re: Wired 10k on Monday morning into mtgox ..still nothing
by
bitcoinhelp
on 05/04/2013, 20:44:57 UTC
They sent me this:

Thank you for waiting and we apologize for the delay. We are sorry to inform you that we need the wire conformation document and your full name to look for your funds.
Thanks,

Even though the wire document has all this information and I already gave them my full name and Mtgox ID in the last email. It's like they are too inept to process a wire transfer.

Where am i supposed to find a scanner to scan my documents? This isn't the 90's. no one uses flatbed scanners anymore
Post
Topic
Board Beginners & Help
Re: Wired 10k on Monday morning into mtgox ..still nothing
by
bitcoinhelp
on 05/04/2013, 17:46:46 UTC
this is a joke. mtgox has no way to contact them except for some lame support ticket which they don't answer
10k down the drain .wires cant be reversed
at least i can use the loss as a good excuse for my back taxes,..i owe a lot
Post
Topic
Board Beginners & Help
Re: Wired 10k on Monday morning into mtgox ..still nothing
by
bitcoinhelp
on 05/04/2013, 14:15:42 UTC
bank of america
Post
Topic
Board Beginners & Help
Topic OP
Wired 10k on Monday morning into mtgox ..still nothing
by
bitcoinhelp
on 05/04/2013, 14:07:34 UTC
On Monday morning I wired $10k into my mtgox account so I could buy bitcoins and after 5 days I still don't see any money credit to my account.
What a joke this is. I sent a message to support and they asked for full name and my mtgox ID, but that info was already IN the wire , so it seems like they are unable to follow even simple instructions.