I think its good because ot is quick and easy you can get started without waiting very long and then you can also withdraw quickly.
This is also a disadvantage since you can quickly spend all your money and send a lot of it at once risking everything.
Topic: Advantages and Disadvantages use cryptocurrency like Bitcoin for online gambling (Read 1946 times)
December 05, 2016, 07:32:34 PM
December 05, 2016, 03:12:25 PM
I will say that for the casino owners definitely there is more benefits as they are getting more bets with more people coming there without showing their identity but for the community the disadvantage is that even kids also come to these online casino and they play games for money on these online casino and bet for sports etc.
Since over 80% gamblers lost their game, obviously the house have a lot profit.
And since it pseudonym everyone from every gender and age can play easily without worry people know what they use. This is gloomy and ironic, with technology in high level and every kids can used every gadget, they can easily to access this. The parenting of parents is necessary here.
Almost all know about the advantages of using cryptocurrency like bitcoin for online gaming but many may not have realized some of the disadvantages like you can't catch the scam casino site if they ran away with investors money and also if they steal few hundreds bitcoin from players account because most of the bitcoin casino run without any license from authority and also most of them hide their owners details.
Yes, like i said still haven't found any bitcoin gambling site which have regulation for in this case to avoiding scam scheme.
And there's no chance to track them if the scam scheme happens, could be need pretty big amount to catch them.
December 05, 2016, 01:23:33 PM
For advantage, Im specifically pointing out the comfortability of using bitcoin in any forms of gambling online. Why I found it comfortable? Bitcoin is somehow easy to be accessed by everyone so in here, gambling in any kinds of bitcoin gambling site is just one step away and will take only few steps before we can start. And since bitcoin can be earned by doing various methodsn, we aren't harming our fiat money here in most of th cases.
The disadvantage is, bitcoin gambling site are not regulated compare to fiat gambling site that running legitimately under some government terms. So if ever there is a fraud activity, we can't stop that. So play at your own risk. Comfortability in bitcoin has an equal value of the word opposite from it.
The disadvantage is, bitcoin gambling site are not regulated compare to fiat gambling site that running legitimately under some government terms. So if ever there is a fraud activity, we can't stop that. So play at your own risk. Comfortability in bitcoin has an equal value of the word opposite from it.
December 05, 2016, 01:18:57 PM
I do not think that the volatility of the price of bitcoin have any issue for bitcoin gambling. They can manage the price and rate for it according to the changes occur and nowadays the volatility is not much high only smaller fluctuations are occurring at the price of bitcoin so it is not a bigger disadvantage for the gambling.
December 05, 2016, 12:59:44 PM
Almost all know about the advantages of using cryptocurrency like bitcoin for online gaming but many may not have realized some of the disadvantages like you can't catch the scam casino site if they ran away with investors money and also if they steal few hundreds bitcoin from players account because most of the bitcoin casino run without any license from authority and also most of them hide their owners details.
December 05, 2016, 12:43:30 PM
I will say that for the casino owners definitely there is more benefits as they are getting more bets with more people coming there without showing their identity but for the community the disadvantage is that even kids also come to these online casino and they play games for money on these online casino and bet for sports etc.
Yes gambling owners are really enjoying the advantages of bitcoin's introduction and using it for their gambling houses. Before bitcoin gambling sites were heavily suffered by charge backs when they were accepting PayPal or credit cards.There are a lot of disadvantages : I would not gamble if crypto currencies are not available with me.
December 05, 2016, 03:52:38 AM
I can only find positives and advantages while using bitcoin for gambling. i do like the points you have mentioned and bitcoin has influenced many gambling sites to appear in the past few years. Most of the high rollers would not mind about the price of bitcoin as they consider it as tokens because they do have a large number of coins in their hands and other than that if the price keeps on increasing i will find it difficult to gamble with bitcoin.
That is certainly true, the higher the gambling then the higher growth of the bitcoin. indeed from what I see that growth of the bitcoin it due to the increasing demand for gamblers using bitcoin in any stakes in gambling sites. It's all something of a good thing, but in other respects it is very bad because gambling is not a game or a lucrative job (for those who don't know how to play). so, if you want to use a gambling indeed preferably should be about gambling with the good
Gambling sites do really expand because of bitcoin because the saw the demand for it since using bitcoin on gambling is very easy and accessible that most gamblers out there will surely like the convenience that it gives.Gambling is not really a job and there are lots if things not only on gambling sites that spread the adoption of bitcoin.Gambling is the majority where bitcoins used as at this point, Gambling site uses bitcoin as mode of payment because this coin is perfect for it because of it's anonymity features, easy to transfer without the hassle of disputing and at the same time, It didn't have a tax compared to gambling casino on real world that have many requirements before allowing player to play. A lot of people here just focus on gambling and missed the opportunity to have a good profit on trading and investing on ICO.
Indeed basically. Now many people are using bitcoin for gambling, for bitcoin is a digital currency that anonymous and only the owner just knowing that it was their addres address. Why many are using bitcoin for gambling ..?? For most gamblers do not want its identity in the know and they don't want to family, friends, or her boyfriend knowing it.During the use of gambling in a good way then that's a bad thing to do, because all things about gambling is indeed is very bad if we can't use it well
December 05, 2016, 03:47:59 AM
I can only find positives and advantages while using bitcoin for gambling. i do like the points you have mentioned and bitcoin has influenced many gambling sites to appear in the past few years. Most of the high rollers would not mind about the price of bitcoin as they consider it as tokens because they do have a large number of coins in their hands and other than that if the price keeps on increasing i will find it difficult to gamble with bitcoin.
That is certainly true, the higher the gambling then the higher growth of the bitcoin. indeed from what I see that growth of the bitcoin it due to the increasing demand for gamblers using bitcoin in any stakes in gambling sites. It's all something of a good thing, but in other respects it is very bad because gambling is not a game or a lucrative job (for those who don't know how to play). so, if you want to use a gambling indeed preferably should be about gambling with the good
Gambling sites do really expand because of bitcoin because the saw the demand for it since using bitcoin on gambling is very easy and accessible that most gamblers out there will surely like the convenience that it gives.Gambling is not really a job and there are lots if things not only on gambling sites that spread the adoption of bitcoin.Gambling is the majority where bitcoins used as at this point, Gambling site uses bitcoin as mode of payment because this coin is perfect for it because of it's anonymity features, easy to transfer without the hassle of disputing and at the same time, It didn't have a tax compared to gambling casino on real world that have many requirements before allowing player to play. A lot of people here just focus on gambling and missed the opportunity to have a good profit on trading and investing on ICO.
December 05, 2016, 01:54:24 AM
I can only find positives and advantages while using bitcoin for gambling. i do like the points you have mentioned and bitcoin has influenced many gambling sites to appear in the past few years. Most of the high rollers would not mind about the price of bitcoin as they consider it as tokens because they do have a large number of coins in their hands and other than that if the price keeps on increasing i will find it difficult to gamble with bitcoin.
That is certainly true, the higher the gambling then the higher growth of the bitcoin. indeed from what I see that growth of the bitcoin it due to the increasing demand for gamblers using bitcoin in any stakes in gambling sites. It's all something of a good thing, but in other respects it is very bad because gambling is not a game or a lucrative job (for those who don't know how to play). so, if you want to use a gambling indeed preferably should be about gambling with the good
Gambling sites do really expand because of bitcoin because the saw the demand for it since using bitcoin on gambling is very easy and accessible that most gamblers out there will surely like the convenience that it gives.Gambling is not really a job and there are lots if things not only on gambling sites that spread the adoption of bitcoin. 
December 05, 2016, 12:35:40 AM
I also believe that online gambling is going to be huge in the near future but anything that grows this fast will bring a lot of attention from government and the tax man
and if they can not take taxes from online gambling they will ban it and put a stop to it.anyways i think with introduction of bitcoin gambling the industry has started to be revolutionized and these casinos today are the pioneers of tomorrow which can say "we were the first to open up a bitcoin gambling site" and have their business booming.
Actually, Online gambling is really huge by now and right this brings too much attentions especially to our government and we can obviously see some actions being taken by the government especially for those exchanger service. They are not trying accept any payment anymore from gambling related sites(eg. coinbase any account that has a transcation from gambling site will be ban)
There is also the risk of the sportsbetting site not giving you your money. Since most of the bitcoin gambling sites are operating outside regulatory bodies, it would be easy for them to take your money. In fact I have a withdrawal that has not arrived yet from a bitcoin sportsbetting site. I am still not posting anything at Scam Accusations because I want to give it more time. It may only be me being impatient. The problem is the site said that it has already sent the bitcoins but it has not yet appeared to be sent in the blockchain.
What are the known cases like mine?
What are the known cases like mine?
Risk in sports betting does not limit only to whether the certain sites pays or not but the betting itself is already the risk. That is really the disadvantage of the online gambling sites(most of them are illegally operated)
December 04, 2016, 08:32:34 PM
There is also the risk of the sportsbetting site not giving you your money. Since most of the bitcoin gambling sites are operating outside regulatory bodies, it would be easy for them to take your money. In fact I have a withdrawal that has not arrived yet from a bitcoin sportsbetting site. I am still not posting anything at Scam Accusations because I want to give it more time. It may only be me being impatient. The problem is the site said that it has already sent the bitcoins but it has not yet appeared to be sent in the blockchain.
What are the known cases like mine?
What are the known cases like mine?
December 04, 2016, 06:19:06 PM
I can only find positives and advantages while using bitcoin for gambling. i do like the points you have mentioned and bitcoin has influenced many gambling sites to appear in the past few years. Most of the high rollers would not mind about the price of bitcoin as they consider it as tokens because they do have a large number of coins in their hands and other than that if the price keeps on increasing i will find it difficult to gamble with bitcoin.
That is certainly true, the higher the gambling then the higher growth of the bitcoin. indeed from what I see that growth of the bitcoin it due to the increasing demand for gamblers using bitcoin in any stakes in gambling sites. It's all something of a good thing, but in other respects it is very bad because gambling is not a game or a lucrative job (for those who don't know how to play). so, if you want to use a gambling indeed preferably should be about gambling with the good
December 04, 2016, 06:12:20 PM
I can only find positives and advantages while using bitcoin for gambling. i do like the points you have mentioned and bitcoin has influenced many gambling sites to appear in the past few years. Most of the high rollers would not mind about the price of bitcoin as they consider it as tokens because they do have a large number of coins in their hands and other than that if the price keeps on increasing i will find it difficult to gamble with bitcoin.
December 04, 2016, 05:40:43 PM
Advantages are you can play in your home, you can play without giving your real identity, you can play using your mobile phone. You can pre roll w/o a bet.
Right, These are the advantages that we can get with bitcoin gambling the convenience is what we are going to experience as we use bitcoin to gamble. And also we can gamble for small amount.
I will say that for the casino owners definitely there is more benefits as they are getting more bets with more people coming there without showing their identity but for the community the disadvantage is that even kids also come to these online casino and they play games for money on these online casino and bet for sports etc.
And this is the disadvantage that we will sadly know about bitcoin gambling, we are helping gambling casino business owners to make their site grow and get profit from our losses.
December 04, 2016, 05:31:41 PM
I will say that for the casino owners definitely there is more benefits as they are getting more bets with more people coming there without showing their identity but for the community the disadvantage is that even kids also come to these online casino and they play games for money on these online casino and bet for sports etc.
December 04, 2016, 04:00:10 PM
Advantages are you can play in your home, you can play without giving your real identity, you can play using your mobile phone. You can pre roll w/o a bet.
December 04, 2016, 02:50:43 PM
Being a hard core gambler, the advantage of gambling I do enjoy due to cryptocurrency : I am able to start gambling in the instant I wanted to, without exposing my personal details like credit card numbers or not getting a recurring payment with my PayPal.
The disadvantage is the easy nature of getting start with gambling makes me to stick with gambling all the time.
The disadvantage is the easy nature of getting start with gambling makes me to stick with gambling all the time.
December 04, 2016, 10:36:32 AM
There are many advantages. What I liked about it, is that you just need to have your wallet with some Bitcoins and internet connection, then you choose a site, send the BTCs and start playing (in less than 5 minutes you start your game). No necessity to use credit cards, bank transactions...
And there is another good point. With satoshis, you can bet since very low amounts until very big amounts, with dollars you must bet at least $0.01 per bet and depending the site... With Bitcoins you can start from 1 satoshi (if you wish)!
I don't see disadvantages when betting with Bitcoins... The only disadvantage is if the casino closes or don't pay you.
And there is another good point. With satoshis, you can bet since very low amounts until very big amounts, with dollars you must bet at least $0.01 per bet and depending the site... With Bitcoins you can start from 1 satoshi (if you wish)!
I don't see disadvantages when betting with Bitcoins... The only disadvantage is if the casino closes or don't pay you.
December 04, 2016, 10:22:35 AM
disadvantages about bitcoin price is not stable, you can use gamble site is rate use USD but payment still use cryptocoin(bitcoin)
advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
even its not stable we cant call it as disadvantages because just like other currency their price is not stable just like bitcoins . on other people thats an advantage for them so they can afford bitcoin in a low price so when the price of bitcoin gets raise again they can make a profit from it just using a small investment mostly trader use that strategy.advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
December 04, 2016, 10:21:43 AM
One of the advantages is that there is transparency in the form of payment, since all transactions can be checked in the Blockchain. The biggest problem that can occur is the possibility of the user investing into scam websites, which is something common in crypto lately. Another thing that some users may complain about, is the fact that the transactions are irreversible, but it is the responsibility of the user to avoid sending money without being sure about it.
yep you're right about the transparency on the form of payment because any one can check the transactions via blockchain. and the problem you're saying was not bitcoin fault its on the user. why would they send a money on a scamming websites with out doing a proper check on background just like im doing. well we cant blame them because we all know that all of us want to make a higher profit thats why we're risking our btc on a things we're not sure about.Transparency in form of payment through Blockchain is right but what is the use of getting details from Blockchain until you cannot say which users is using this transaction. That is the main advantages of Bitcoin is you cannot identify the user behind the transaction who is doing gambling. It means whether he is minor or major you cannot tell. This is advantage for Minor age Gamblers as they dont have to give any identification in doing bitcoin gambling online. for fiat currency they have to give their identity verification and if minor they cannot gamble.
But disadvantage is that through this process Minor age gamblers are getting attracted to gambling through bitcoin and ruining their life after loosing a lot and then regretting it.
December 04, 2016, 10:04:28 AM
One of the advantages is that there is transparency in the form of payment, since all transactions can be checked in the Blockchain. The biggest problem that can occur is the possibility of the user investing into scam websites, which is something common in crypto lately. Another thing that some users may complain about, is the fact that the transactions are irreversible, but it is the responsibility of the user to avoid sending money without being sure about it.
yep you're right about the transparency on the form of payment because any one can check the transactions via blockchain. and the problem you're saying was not bitcoin fault its on the user. why would they send a money on a scamming websites with out doing a proper check on background just like im doing. well we cant blame them because we all know that all of us want to make a higher profit thats why we're risking our btc on a things we're not sure about. December 04, 2016, 10:00:38 AM
disadvantages about bitcoin price is not stable, you can use gamble site is rate use USD but payment still use cryptocoin(bitcoin)
advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
even its not stable we cant call it as disadvantages because just like other currency their price is not stable just like bitcoins . on other people thats an advantage for them so they can afford bitcoin in a low price so when the price of bitcoin gets raise again they can make a profit from it just using a small investment mostly trader use that strategy.advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
December 04, 2016, 09:59:39 AM
One of the advantages is that there is transparency in the form of payment, since all transactions can be checked in the Blockchain. The biggest problem that can occur is the possibility of the user investing into scam websites, which is something common in crypto lately. Another thing that some users may complain about, is the fact that the transactions are irreversible, but it is the responsibility of the user to avoid sending money without being sure about it.
December 04, 2016, 09:53:05 AM
disadvantages about bitcoin price is not stable, you can use gamble site is rate use USD but payment still use cryptocoin(bitcoin)
advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
even its not stable we cant call it as disadvantages because just like other currency their price is not stable just like bitcoins . on other people thats an advantage for them so they can afford bitcoin in a low price so when the price of bitcoin gets raise again they can make a profit from it just using a small investment mostly trader use that strategy. advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
December 04, 2016, 09:50:11 AM
advantages that ireally want in bitcoin for online gambling was i can play all the features of the games that i want to play without any id verification or other process just to play gambling and with the use of crypto currency we can actually redeem our prize in just a snap and it will also be recorded on the block chain on hows the transaction going thats what i like about bitcoin.
December 04, 2016, 08:25:35 AM
disadvantages about bitcoin price is not stable, you can use gamble site is rate use USD but payment still use cryptocoin(bitcoin)
advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
advantage gamble site use bitcoin, stil same bitcoin anonymous, you play without verification ID
so is enjoy and save
December 04, 2016, 08:06:18 AM
The advantage of bitcoin gambling is the convenience of it. Anywhere you are, you can gamble. All you need is internet, smartphone or laptop, and bitcoin to use for gambling. The disadvantage of it is the fact that you can gamble conveniently with bitcoin, the more you can be addicted to it.
December 04, 2016, 07:35:18 AM
Bitcoin and gambling both are much important for each other, why majority of the people like to play on bitcoin related casino that is very clear there is no need to put any document to get withdrawal, so this kind of freedom making it more popular payment option for gambling and the bitcoin related casinos are growing rapidly at the moment.
This is true thats why the popularity of bitcoin more increases or grows together with gambling online casinos because of its payment options.As you said theres no need for documents and you dont compromise already your identity and anytime you could able to play gambling with your convenience in just a few clicks away you could transfer with ease. December 04, 2016, 07:22:38 AM
Bitcoin and gambling both are much important for each other, why majority of the people like to play on bitcoin related casino that is very clear there is no need to put any document to get withdrawal, so this kind of freedom making it more popular payment option for gambling and the bitcoin related casinos are growing rapidly at the moment.
December 04, 2016, 07:07:19 AM
Disadvantages
Also, Other Disadvantages is people become easy to being addicted which no one know your gambling activity using cryptocurrency.
This also vulnerable to scammer or suspicious activity which come from house or player itself.
Quote from: Cex Blog
Bitcoin’s price is known for its volatility. In comparison to traditional gambling, fluctuating value is only applicable to BTC gambling, since the price of a fiat currency is usually much more stable. Gamblers should follow the price changes in order to gain maximum profit.
While the usual Bitcoin transactions take minutes to be approved, it might not be the case with online casinos that use cryptocurrency. For security reasons some websites process withdrawals manually, which makes the procedure time-consuming.
There is a high possibility of hacking. In order to avoid it, the players have to use extensive security measures or fund protection recommended by the online casinos.
While the usual Bitcoin transactions take minutes to be approved, it might not be the case with online casinos that use cryptocurrency. For security reasons some websites process withdrawals manually, which makes the procedure time-consuming.
There is a high possibility of hacking. In order to avoid it, the players have to use extensive security measures or fund protection recommended by the online casinos.
Also, Other Disadvantages is people become easy to being addicted which no one know your gambling activity using cryptocurrency.
This also vulnerable to scammer or suspicious activity which come from house or player itself.
i don't agree with these disadvantages.
- bitcoin price is not changing every second, so although it is volatile but it takes time for it to go up and down and it is not happening every day. and when you gamble you do it for a short time for example less than an hour so you invest the same amount (like $20 and after and hour you still have invested $20.01 or $19.99)
- the withdrawals from casinos have always been instant and automatic for me so i don't see why this is here. maybe it is talking about very huge amounts like 10BTC+?
- hacking is always a problem while online and it is not restricted to bitcoin!
- the addiction is also not related to crypto currencies but it is a gambling thing.
You right, about volatile, the reason is not just amount changed, but the price itself, which means my view is when we bet with $20 in btc, then win $25 in btc at price $1000/coin, then suddenly sell wall coming, it could be you get back $20/less, this means we don't know the price direction, unless you have capability to predict it.
Yes nowadays online casino have automatic withdrawal, like you said, probably with huge amount when the house don't have an amount to pay it, it will take some moment to house gather funds.
Hacking is never separate to online activity, that's why we need to protect our self.
The addiction to gamble using crptocurrency is have more chance, when you freely spending your amount to take a bets.
December 04, 2016, 04:19:14 AM
For me initially it was the legality issue, since I was unable to play poker in the US on any other sites using the normal deposit methods. But with bitcoin, that was a perfect option to. However a lot of sites have now started accepting bitcoin. But even then the biggest advantage is the quick transfers and withdrawals from the casino as compared to any other payment methods.
December 04, 2016, 04:07:25 AM
advantages for gambling using cryptocurrency is anonymity and everybody has knows that and i think the real gamblers was never care with what are you mentioned above for disadvantages gambling using cryptocurrency because as long as they could gamble without provide their personal info most of gamblers will still gambling although bitcoin price is volatility or very vulnerable to be hacked and the latest prove is plenty online gambling sites has players active and they willing to spend a lot of bitcoin during their gambling activities
December 03, 2016, 09:30:25 AM
Disadvantages
Also, Other Disadvantages is people become easy to being addicted which no one know your gambling activity using cryptocurrency.
This also vulnerable to scammer or suspicious activity which come from house or player itself.
Quote from: Cex Blog
Bitcoin’s price is known for its volatility. In comparison to traditional gambling, fluctuating value is only applicable to BTC gambling, since the price of a fiat currency is usually much more stable. Gamblers should follow the price changes in order to gain maximum profit.
While the usual Bitcoin transactions take minutes to be approved, it might not be the case with online casinos that use cryptocurrency. For security reasons some websites process withdrawals manually, which makes the procedure time-consuming.
There is a high possibility of hacking. In order to avoid it, the players have to use extensive security measures or fund protection recommended by the online casinos.
While the usual Bitcoin transactions take minutes to be approved, it might not be the case with online casinos that use cryptocurrency. For security reasons some websites process withdrawals manually, which makes the procedure time-consuming.
There is a high possibility of hacking. In order to avoid it, the players have to use extensive security measures or fund protection recommended by the online casinos.
Also, Other Disadvantages is people become easy to being addicted which no one know your gambling activity using cryptocurrency.
This also vulnerable to scammer or suspicious activity which come from house or player itself.
i don't agree with these disadvantages.
- bitcoin price is not changing every second, so although it is volatile but it takes time for it to go up and down and it is not happening every day. and when you gamble you do it for a short time for example less than an hour so you invest the same amount (like $20 and after and hour you still have invested $20.01 or $19.99)
- the withdrawals from casinos have always been instant and automatic for me so i don't see why this is here. maybe it is talking about very huge amounts like 10BTC+?
- hacking is always a problem while online and it is not restricted to bitcoin!
- the addiction is also not related to crypto currencies but it is a gambling thing.
December 03, 2016, 05:10:29 AM
Bitcoin, we know this history, in 5 years since first time introduced, the price reach $1000/coin which this boom the popularity, although the price movement can't go flat, it's like rollercoaster, especially bitcoin price is volatile.
- bitcoin was introduced in 2008
- first bitcoin transaction was in 2009-1 and trading was mostly hot in mid 2009 leading to the rise in $1000 in late Nov 2013
- and that was clearly a pump and if you exclude that time you can see price is not so volatile but it is rising.
Quote
Online gambling will became the dominant form of gambling, considering an innovative form has been created.
I also believe that online gambling is going to be huge in the near future but anything that grows this fast will bring a lot of attention from government and the tax man
and if they can not take taxes from online gambling they will ban it and put a stop to it.anyways i think with introduction of bitcoin gambling the industry has started to be revolutionized and these casinos today are the pioneers of tomorrow which can say "we were the first to open up a bitcoin gambling site" and have their business booming.
Yes, the price rise at first introduced until late 2013, but after that the price become volatile, although it not touch down at first time price. This clearly if bitcoin become get a lot attention from people who investing and they make sell wall after that.
About online gambling regulation, that's already done in 1994 at small island nation of Antigua and Barbuda. But there's no bitcoin online gambling which already done with the regulation AFAIK (CMIIW).
December 03, 2016, 01:48:14 AM
Bitcoin, we know this history, in 5 years since first time introduced, the price reach $1000/coin which this boom the popularity, although the price movement can't go flat, it's like rollercoaster, especially bitcoin price is volatile.
- bitcoin was introduced in 2008
- first bitcoin transaction was in 2009-1 and trading was mostly hot in mid 2009 leading to the rise in $1000 in late Nov 2013
- and that was clearly a pump and if you exclude that time you can see price is not so volatile but it is rising.
Quote
Online gambling will became the dominant form of gambling, considering an innovative form has been created.
I also believe that online gambling is going to be huge in the near future but anything that grows this fast will bring a lot of attention from government and the tax man
and if they can not take taxes from online gambling they will ban it and put a stop to it.anyways i think with introduction of bitcoin gambling the industry has started to be revolutionized and these casinos today are the pioneers of tomorrow which can say "we were the first to open up a bitcoin gambling site" and have their business booming.
December 03, 2016, 12:12:38 AM
i am agree with the quote from cex.io blogs for the advantages of bitcoin. the anonymity giving privilege for us to stay behind the wall and keep our identity for secretly and for me i don't want to show to other people if i am playing gambling in online site because its so risk and it can makes me to go to jail.
for the disadvantages, i think the slow for the confirmation of transaction is my problem when i want to make deposit and i think other bitcoin user will agree with this. beside that, i don't think that to buy bitcoin is really cheap because we need to change our money into bitcoin and then we can make deposit into gambling site but i think is fine for other people to do this. and i am agree that the other disadvantages is after we make deposit into gambling site, the owner can run away with the money of the gamblers without we can track who is the real owner and where the owner live.
beside that, the other disadvantages is i can not make a big winning in online gambling like other gamblers as i am not pro gamblers, its just my personally case and not for the other gamblers. i am sure that many gamblers can winning big money in online gambling.
for the disadvantages, i think the slow for the confirmation of transaction is my problem when i want to make deposit and i think other bitcoin user will agree with this. beside that, i don't think that to buy bitcoin is really cheap because we need to change our money into bitcoin and then we can make deposit into gambling site but i think is fine for other people to do this. and i am agree that the other disadvantages is after we make deposit into gambling site, the owner can run away with the money of the gamblers without we can track who is the real owner and where the owner live.
beside that, the other disadvantages is i can not make a big winning in online gambling like other gamblers as i am not pro gamblers, its just my personally case and not for the other gamblers. i am sure that many gamblers can winning big money in online gambling.
December 02, 2016, 11:41:05 PM
One glaring omission is that Bitcoin sportsbooks offer lower odds than their fiat counterparts and another disadvantage at least for me is that Bitcoin gambling sites have no regular audit checks if any and it's very easy for them to close up shop and vanish in the shadows whenever they want with everyone's money.
This is what i actually want to say regarding on bitcoin and online gambling which you already mentioned and you are right bitcoin do really have lower odds compare to those traditional fiat gambling sites it may have disadvantages though regarding on regulation but still we must choose up the most reputable and long operating gambling sites. They really differ on management though. 
December 02, 2016, 11:35:17 PM
One glaring omission is that Bitcoin sportsbooks offer lower odds than their fiat counterparts and another disadvantage at least for me is that Bitcoin gambling sites have no regular audit checks if any and it's very easy for them to close up shop and vanish in the shadows whenever they want with everyone's money.
December 02, 2016, 03:14:00 PM
Gambling being anonymous is the best advantage for people and many bitcoiners use it as well but their identity is not completely hidden even if they use third-party wallets. There are methods to track users with the help of nodes and their IP addresses.
Many online gambling sites that accept bitcoins have turned scam where they introduce huge bonuses and when they get bankrupt, they run away with the investments. There have been many past incidents and no site can be trusted due to this.
The fast withdrawals and deposits don't happen often. There are many complaints from users who need to wait for their transactions to get confirmed and sometimes there are delays from websites too where their account is not updated in time.
Many online gambling sites that accept bitcoins have turned scam where they introduce huge bonuses and when they get bankrupt, they run away with the investments. There have been many past incidents and no site can be trusted due to this.
The fast withdrawals and deposits don't happen often. There are many complaints from users who need to wait for their transactions to get confirmed and sometimes there are delays from websites too where their account is not updated in time.
December 02, 2016, 02:43:15 PM
I think we all know the advantages and pretty much they are what they are, anonymity , ease of access, no restriction by country or government and a few others.
However I think you have got it all wrong in the disadvantages of the bitcoin. Price volatility is a thing which can be controlled, people buy btc to gamble when the price is reasonably low (well addicts will buy at any price). Regarding some casinos that do manual withdraw, they are not top of the line, just use a casino with a reputable name like the one in my signature and you will receive your withdraw within seconds, maximum minutes. And regarding the security an experienced bitcoin user (which most gamblers I hope they are) should read daily regarding the security of bitcoin and himself.
So not really disadvantages of bitcoin but disadvantage of third party you have put up.
However I think you have got it all wrong in the disadvantages of the bitcoin. Price volatility is a thing which can be controlled, people buy btc to gamble when the price is reasonably low (well addicts will buy at any price). Regarding some casinos that do manual withdraw, they are not top of the line, just use a casino with a reputable name like the one in my signature and you will receive your withdraw within seconds, maximum minutes. And regarding the security an experienced bitcoin user (which most gamblers I hope they are) should read daily regarding the security of bitcoin and himself.
So not really disadvantages of bitcoin but disadvantage of third party you have put up.
The disadvantages is not have much mentioned, and you right the disadvantages can avoid by doing a research. but unfortunately other people not like you, they too lazy to doing a research first, just want an instant money, greedy and too much daydreaming.
I agree to the point that there is no any certification in the way of bitcoin payment in the gambling. There we do not need to expose our identity which is playing a major role in bringing the players of every type from every part of the world without any difference of race country etc.
And unbeknownst of the family or wife/girlfriend
December 02, 2016, 02:32:52 PM
I agree to the point that there is no any certification in the way of bitcoin payment in the gambling. There we do not need to expose our identity which is playing a major role in bringing the players of every type from every part of the world without any difference of race country etc.
December 02, 2016, 02:24:31 PM
I think we all know the advantages and pretty much they are what they are, anonymity , ease of access, no restriction by country or government and a few others.
However I think you have got it all wrong in the disadvantages of the bitcoin. Price volatility is a thing which can be controlled, people buy btc to gamble when the price is reasonably low (well addicts will buy at any price). Regarding some casinos that do manual withdraw, they are not top of the line, just use a casino with a reputable name like the one in my signature and you will receive your withdraw within seconds, maximum minutes. And regarding the security an experienced bitcoin user (which most gamblers I hope they are) should read daily regarding the security of bitcoin and himself.
So not really disadvantages of bitcoin but disadvantage of third party you have put up.
However I think you have got it all wrong in the disadvantages of the bitcoin. Price volatility is a thing which can be controlled, people buy btc to gamble when the price is reasonably low (well addicts will buy at any price). Regarding some casinos that do manual withdraw, they are not top of the line, just use a casino with a reputable name like the one in my signature and you will receive your withdraw within seconds, maximum minutes. And regarding the security an experienced bitcoin user (which most gamblers I hope they are) should read daily regarding the security of bitcoin and himself.
So not really disadvantages of bitcoin but disadvantage of third party you have put up.
December 02, 2016, 01:56:03 PM
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Bitcoin and Online gambling.
Both of them growing faster, since it created at first place the popularity become mainstream.
Bitcoin, we know this history, in 5 years since first time introduced, the price reach $1000/coin which this boom the popularity, although the price movement can't go flat, it's like rollercoaster, especially bitcoin price is volatile.
Online gambling also become mainstream at 1990s, when first time real money online gambling game was played in 1996 and at 1994 an online gambling licence applied. Recorded $10 billion were wagered using mobile device in 2013.
Online gambling will became the dominant form of gambling, considering an innovative form has been created.
Advantages and Disadvantages use cryptocurrency for online gambling.
Advantages
Disadvantages
Also, Other Disadvantages is people become easy to being addicted which no one know your gambling activity using cryptocurrency.
This also vulnerable to scammer or suspicious activity which come from house or player itself.
What your thought?
Source:
https://www.cryptocoinsnews.com/cryptocurrency-online-casinos-match-made-heaven/
https://blog.cex.io/bitcoin-talks/bitcoin-gambling-12113
Bitcoin and Online gambling.
Both of them growing faster, since it created at first place the popularity become mainstream.
Bitcoin, we know this history, in 5 years since first time introduced, the price reach $1000/coin which this boom the popularity, although the price movement can't go flat, it's like rollercoaster, especially bitcoin price is volatile.
Online gambling also become mainstream at 1990s, when first time real money online gambling game was played in 1996 and at 1994 an online gambling licence applied. Recorded $10 billion were wagered using mobile device in 2013.
Online gambling will became the dominant form of gambling, considering an innovative form has been created.
Advantages and Disadvantages use cryptocurrency for online gambling.
Advantages
Quote from: Cex.io Blog
Bitcoin gambling is cheap. Because it doesn’t require transactions such as deposits and withdrawals being handled by any third-party processor, transaction and casino fees are minimized to assure comfort of the users.
Not having a central controlling authority makes Bitcoin easily transferable between peers, while the ownership is preserved and protected. Moreover, everyone can transfer as much as he or she wishes; the sum is very flexible.
One of the greatest advantages of Bitcoin is its complete anonymity. Because gambling is a sensitive area, many players would prefer keeping their personal information private. With Bitcoin, what needs to be validated is one’s payability, not identity, and it is already maintained through private keys.
Casino deposits and withdrawals are done in a quick manner, courtesy of Bitcoin: it takes mere minutes to confirm each transaction, and players experience little or none distractions during the gaming process.
Bitcoin gambling can be viewed as currency non-specific, which offers users the possibility to gamble on websites that would otherwise be inaccessible for the player. This is also the reason it is impossible for the user’s geographic location to define whether he or she wins in that particular casino or not.
https://blog.cex.io/bitcoin-talks/bitcoin-gambling-12113
Not having a central controlling authority makes Bitcoin easily transferable between peers, while the ownership is preserved and protected. Moreover, everyone can transfer as much as he or she wishes; the sum is very flexible.
One of the greatest advantages of Bitcoin is its complete anonymity. Because gambling is a sensitive area, many players would prefer keeping their personal information private. With Bitcoin, what needs to be validated is one’s payability, not identity, and it is already maintained through private keys.
Casino deposits and withdrawals are done in a quick manner, courtesy of Bitcoin: it takes mere minutes to confirm each transaction, and players experience little or none distractions during the gaming process.
Bitcoin gambling can be viewed as currency non-specific, which offers users the possibility to gamble on websites that would otherwise be inaccessible for the player. This is also the reason it is impossible for the user’s geographic location to define whether he or she wins in that particular casino or not.
https://blog.cex.io/bitcoin-talks/bitcoin-gambling-12113
Quote from: cryptocoinsnews
Cryptocurrencies cannot be counterfeited in the way which credit cards and banknotes can.
Transactions are carried out immediately, whereas with some traditional methods you’d have to wait for longer periods before the amount appears in the account.
Cryptocurrency transactions generally include lower fees compared to traditional transactions.
Everyone with an internet access can take part in cryptocurrency trading.
The identity of the trader is protected as sensitive information is required to complete a cryptocurrency transaction.
https://www.cryptocoinsnews.com/cryptocurrency-online-casinos-match-made-heaven/
Transactions are carried out immediately, whereas with some traditional methods you’d have to wait for longer periods before the amount appears in the account.
Cryptocurrency transactions generally include lower fees compared to traditional transactions.
Everyone with an internet access can take part in cryptocurrency trading.
The identity of the trader is protected as sensitive information is required to complete a cryptocurrency transaction.
https://www.cryptocoinsnews.com/cryptocurrency-online-casinos-match-made-heaven/
Disadvantages
Quote from: Cex Blog
Bitcoin’s price is known for its volatility. In comparison to traditional gambling, fluctuating value is only applicable to BTC gambling, since the price of a fiat currency is usually much more stable. Gamblers should follow the price changes in order to gain maximum profit.
While the usual Bitcoin transactions take minutes to be approved, it might not be the case with online casinos that use cryptocurrency. For security reasons some websites process withdrawals manually, which makes the procedure time-consuming.
There is a high possibility of hacking. In order to avoid it, the players have to use extensive security measures or fund protection recommended by the online casinos.
While the usual Bitcoin transactions take minutes to be approved, it might not be the case with online casinos that use cryptocurrency. For security reasons some websites process withdrawals manually, which makes the procedure time-consuming.
There is a high possibility of hacking. In order to avoid it, the players have to use extensive security measures or fund protection recommended by the online casinos.
Also, Other Disadvantages is people become easy to being addicted which no one know your gambling activity using cryptocurrency.
This also vulnerable to scammer or suspicious activity which come from house or player itself.
What your thought?
Source:
https://www.cryptocoinsnews.com/cryptocurrency-online-casinos-match-made-heaven/
https://blog.cex.io/bitcoin-talks/bitcoin-gambling-12113
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