39 year old plans to sell everything he owns to buy bitcoin.

Discussion in 'Crypto Assets' started by peilthetraveler, Oct 11, 2017.

  1. JackRab

    JackRab

    It should be like a stock split, or a spin-off... theoretically the value of both coins together, after the fork, should be the same amount as the original before the fork...

    But I did see that that didn't really happen with the last fork-episode. Highly inefficient market does that...

    It's like playing poker with total idiots... even if you're great at calculating odds etc, it's very likely you lose because the rest doesn't understand it and go all-in no matter what odds... Theoretically you should win, but only in a x size sampling...

    Same with this fork then, theoretically it should be 50=40+10... but for some reasoning it will be 50 goes to 50+10...

    If anybody says it makes sense that 50 turns into 50+10... well, I guess they do create bitcoins out of thin air anyway, so why not ;)
     
    #61     Oct 18, 2017
  2. 777

    777

    Perhaps I do not understand what you are saying about bitcoin. If you own bit coin.. and I do not.. you do not have a double-up or lose bet.

    Blackjack, as you know, is a beatable and interesting game. In Vegas we have a huge variation in rules and number of decks but a flat bet on our best 6 deck shoe games has a .26 (almost a quarter of a percent) disadvantage to the player. Of course we have other blackjack games with a much larger disadvantage.

    Anyway... I am enjoying your posts.
     
    Last edited: Oct 22, 2017
    #62     Oct 22, 2017
  3. henry76

    henry76

    I think the guy bet it on roulette , black or red if I remember rightly ( which as you know has an edge for the house ) though it's very close to 50.50 and I think he won, and incidentally the original subject of this thread is probably feeling rather good about his decision right now.
     
    #63     Oct 22, 2017
  4. Humpy

    Humpy

    Talking of roulette............the 2 zero American variety is a big rip off. The one zero European type is still against the player but by not so much.
    Why is it that US citizens are prevented from playing online poker, roulette etc. ?
     
    #64     Oct 25, 2017