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Topic: Benefits of ETF approval to gamble industries! (Read 472 times)

member
Activity: 616
Merit: 30
February 18, 2019, 10:13:22 AM
#52
Betting, Dice, slot and any gambling sites were at that point becoming before ETF chosen so in my view it will have no impact for betting ventures itself that ETF endorse or dismissed the card sharks will in any case bet consistently without supposing whatever else and mainstream clubhouse will at present accessible faithful players who willing to spend their cash at bet table yet a few people says if ETF support the cost will be reach to the moon.

However, I think they foresaw excessively here.
Yeah right,gamblers will still bet even if without ETF approval,but in some ways others will be more active if he value of bitcoin grows because of this occasion since the market for sure will bloom again and the former cryptonians will again re enter the part as many of us leaves the market for awhile to venture in other form of profiteering,and with ETF(as many foresees the growth will start again if this happens) we can see more active people in this community again and ofcourse gambling will benefits
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
There will be considerable benefit if the ETF approval to gambling industry as the game will now attract many players tpplay and equally attract many new investors around the world to join the world of cryptocurrency.

And maybe the traditional gambler will moves to the online crypto gambling so they can find another experience with using the crypto. I am sure that it will attract more player to come to the gambling business and there will be many new gambling websites around us. But I am afraid that it will attract young people to come to the online gambling games too because they can play in everywhere and we need to take attention to this.
hero member
Activity: 896
Merit: 520
Betting, Dice, slot and any gambling sites were at that point becoming before ETF chosen so in my view it will have no impact for betting ventures itself that ETF endorse or dismissed the card sharks will in any case bet consistently without supposing whatever else and mainstream clubhouse will at present accessible faithful players who willing to spend their cash at bet table yet a few people says if ETF support the cost will be reach to the moon.

However, I think they foresaw excessively here.
legendary
Activity: 3136
Merit: 1233
Leading Crypto Sports Betting & Casino Platform
I think it will not affect crypto gambling as much as people are thinking here. Crypto gambling is a well established industry, I would say the most solid one in crypto zone and is solid based on bitcoin mostly so ETF won't make it go much further than it already is.
full member
Activity: 686
Merit: 108
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?
Yes of course and the value of the coin will be more expensive for sure and those who lose big money in gambling will regret it, but I don't see any major effect on crypto gambling since ETF is not about the progress of gambling and the price is the only difference so technically the market of gambling will still the same.
sr. member
Activity: 826
Merit: 265
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?
I will be waiting to see a price up as more people will be interested to buy bitcoin More bitcoin user means more bitcoin based gambling. So, it will have a positive impact in the gambling industry I think.
Not just bitcoin baded gambling because if bitcoin price grows the altcoins and even tokens will grow also this means everything will be happy and the gambling industry will benefits more,imagine the bounty hunters will surely use larger amount to sutain their love in bettings

Ofcourse i am part of this lol.so let us all pray that this ETF will finally approved as we have waiting for so long just for this great event that will be remembered in the whole crypto world for the rest of generations
hero member
Activity: 1274
Merit: 516
I think the only effect is the bitcoin price, other than that I don't see any impact is related to crypto gambling industry, the approval of etf won't make people gambling more often and won't make investors go gambling, so I don't think it will affect too much whether the etf is accepted or rejected for crypto gambling industry
hero member
Activity: 966
Merit: 552
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?
Well in my personal opinions and analysis the benefits of ETF approval to gamble industry is the cryptocurrencies will be more legal to be used as current for payment method on gambling industry, although the ETF is not regulator of the money in cryptocurrencies at least there is the law on cryptocurrencies space and it will gives good news for gambling games related with cryptocurrencies. The new people will addopt cryptocurrencies in their gambling games.
sr. member
Activity: 2506
Merit: 368
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?
No doubt the EFT approval will create an impact in the crypto gambling industries but I believe it will create both positive and negative impact because the ETF seems to be an act of semi centralization of crypto currency which was the reason why it take the SEC long to approve it because every necessary procedure are to be follow.
Lets just hope the negative impact wont be much.
What kind of impact would that be if ETF would get an approval?

If you mean to say is the price of Bitcoin, I don't think there is something that ETF would do to make a change of the price of any cryptocurrencies.

SEC will do the right thing that's why they have to delay or reject any proposal if the requirement doesn't meet.
hero member
Activity: 2240
Merit: 579
Leading Crypto Sports Betting & Casino Platform
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?
No doubt the EFT approval will create an impact in the crypto gambling industries but I believe it will create both positive and negative impact because the ETF seems to be an act of semi centralization of crypto currency which was the reason why it take the SEC long to approve it because every necessary procedure are to be follow.
Lets just hope the negative impact wont be much.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
Why people do believe on ETF too much?

I dont even see this thing do have significant effect on bitcoins price.Yes, it might be an adoption but i dont see any difference at all.
It could have significant effect on the price because then investors from the forex sector would take it more seriously and will move their money into it even if a small amount to them is considered alot to most middle class earners.
And the last time a etf was announced it did increase the bitcoin price but when it was rejected it brought it back down to the level it was at before the announcement.
jr. member
Activity: 244
Merit: 3
There will be considerable benefit if the ETF approval to gambling industry as the game will now attract many players tpplay and equally attract many new investors around the world to join the world of cryptocurrency.
hero member
Activity: 2632
Merit: 833
The ETF has nothing to do with the gambling industry unless you mean the spill over from increased value of cryptocurrencies will somehow affect the industry by attracting more funds and players otherwise owners will adjust gambling prices and it will be business as usual.

On the other hand they might be gamblers not keen on playing with their crypto specially if ETF approval would mean a start of another bull-run.

So for me there will be no positive effect, on the contrary if might spawn some problems with casino owner and players specially if the speed and the confirmation times slowed down again. We have seen it happened during the last ATH so I'm sure it will happen again.
hero member
Activity: 1302
Merit: 540
The ETF has nothing to do with the gambling industry unless you mean the spill over from increased value of cryptocurrencies will somehow affect the industry by attracting more funds and players otherwise owners will adjust gambling prices and it will be business as usual.
The business will still the same,gamblers will continue playing whatever the result from this concern, every positive overview also needs to look
the other side, if ever the value rises up after the approval there's a chain reaction for sure and that can be discuss after things already been there
in front of us.

By now, we are all speculating for possible cause and effects of ETF approval to the gambling community, not clear but all still speculations.
hero member
Activity: 2926
Merit: 722
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?

For the sake of argument, let's say that a ETF has been approved, there's a wildly believed that it will push the price. So for some gamblers, it might affect them in a negative way. Are they willing to play their 1 BTC when the price is $30k?

How about the transaction speed? It might clogged the network again when the price hits all-time-high that might sway gamblers not to deposit because it might delay their playing pleasure.
Direct to the point and very literal answer which would really happen since we have seen already when bitcoins price tends to soar up it do really clogs the network which would result an
inconvenience to gamblers.

Why people do really forseen that ETF would mainly affect gambling industry on crypto space?
hero member
Activity: 2814
Merit: 574
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?

For the sake of argument, let's say that a ETF has been approved, there's a wildly believed that it will push the price. So for some gamblers, it might affect them in a negative way. Are they willing to play their 1 BTC when the price is $30k?

How about the transaction speed? It might clogged the network again when the price hits all-time-high that might sway gamblers not to deposit because it might delay their playing pleasure.
Ucy
sr. member
Activity: 2576
Merit: 401
The ETF has nothing to do with the gambling industry unless you mean the spill over from increased value of cryptocurrencies will somehow affect the industry by attracting more funds and players otherwise owners will adjust gambling prices and it will be business as usual.
sr. member
Activity: 2030
Merit: 356
Now that news are filter in that ETF is about to be approved by sec, I will like to ask about your views on this.  Will ETF approval affect gambling industry especially the crypto gambling industry?
The approval of bitcoin ETF by sec might still take some time before its done.
But in my own opinion what ever decision is reach be it positively or negatively it would affect Every sector of cryptocurrency and that includes bitcoin related gambling

Well, once the ETF will be approved and many new institutional investors will come in the business, bitcoin price will increase tremendously and this will help gambling grow further as since more people will be having bitcoins and they will be introduced to gambling, will increase the gambling business a lot.
hero member
Activity: 2226
Merit: 834

The prices will shoot up and it will be in control of very people in the world if ETF get approved but there is no problem for gambling industry I believe since these kind of people will gamble with more money than the common people.

I do not understand that how ETF approval will benefit the gambling industry ?  If the ETF is approved the bitcoin rate will increase a lot and those who are n trading field will benefit from it. From the gambling prospective, it can only benefit in a way that if you won some bitcoins through gambling, their value will be increased.
full member
Activity: 1638
Merit: 122
Rules and regulation is definitely not a good thing and I don't think it will get implemented on the gambling sites,the advantage is that prices will go up so the bankroll of site will get huge value when the value increases.

Rules are normal and okay but regulation i dont think so  . ive been hearing alot of bad comments about how bad is regulation  . but im also aware that gambling needs a regulation because it involves alot of money   .

regulation can make a gambling site more trusted and legit .

Regulation can either make the site attractive and not because some people likes a site that is regulated while some hates regulation  .
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