Do poker rooms wait for the BTC price to rise before processing withdrawals?

Discussion in 'Bitcoin Poker' started by PokerGod, Aug 16, 2017.

  1. PokerGod

    PokerGod Member

    Many of you are probably aware the the price of bitcoin has been hitting all time highs over the past few week. Some people are even saying that the price could break $10,000 this year. Rather than leaving all of my poker bankroll sitting in my player account, I prefer to withdraw in to my bitcoin wallet so I benefit from the increasing price of bitcoin and other crypto-currencies. My issue is that withdrawals from Americas Cardroom can be a little slow over the past couple of months and they seem to be processed just when the price hits an ATH. I have a sneaky suspicion that these poker rooms are buying the dips and then sending you the bitcoin when the price spikes. This way they make a nice profit for just holding your coins for a few extra days.

    There has been a couple of occasions recently where I've ended up getting about 10% less bitcoin because the payouts weren't processed within 24 hours, which is pretty frustrating. Anyone else notice this behaviour? Do any casinos or sportsbooks engage in similar tactics?
     
  2. Dara

    Dara Member

    This would be a very risky thing to do because the price could moon also and they would end up owing people an extra 20%.
     
  3. do bookmakers pay you from their cold storage or do they buy and sell on exchanges multiple times per day to keep up with demand?
     
  4. NormaSmith

    NormaSmith New Member

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