Benefits of ETF approval to gamble industries! - page 2.

semobo

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Quote from: veleten on February 09, 2019, 04:44:01 AM

there will be benefits to the industry because ETF aproval would attract new big investors
so the price is going up, most likely and there will be more buisenesses , official casinos, more regulations, more rules and more KYC
wait ... I mean ... it would be beneficial , haha
but ETF approval sounds more like a stuff of legends at the moment more than a real deal

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.

maydna

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The benefits of ETF approval to gambling industries will make bitcoin will popular than before, and people will know that bitcoin can be used as the bets. They will search another payment methods that will make them don't have a problem with playing gambling, and they will find that bitcoin is the new solution to them to comes and play to the gambling industries. The gambling industries itself will grow, and there will be many other gambling websites will launch to make people could play various games.

playboy654

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Quote from: Idrisu on February 08, 2019, 12:49:20 PM

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?

my thinking was if anything was pin changing then there are some good development will came for by investment I also expecting a lots of graphics when this change will be happen.

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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.

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Quote from: raven7886 on February 10, 2019, 11:28:16 AM

Aside from the fact that with ETF there would be more people interested in bitcoin, there is really no specific relation.
I mean indirectly sure but the ETF and casinos are not related so I doubt it would make any difference to it at all.

If anything making bitcoin more legit makes it harder for Americans to gamble in crypto, which in return makes it crypto casinos losing their american customers (even tho there are already few of them) and that equals to loss in profits as well. That is why I don't think it will have too much affect, whoever will come will also be at most equal to people who leave and nothing will change.

But to think that if ETF succeed and do not affect any bitcoin term is possible and impossible thing to do, yet there is no regulations about it that really change the casino drastically. But how about if I said they should all think about how to increase the value of the coin itself rather than press it to the bottom. This is better than keep on asking an ETF approval

raven7886

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Aside from the fact that with ETF there would be more people interested in bitcoin, there is really no specific relation.
I mean indirectly sure but the ETF and casinos are not related so I doubt it would make any difference to it at all.

If anything making bitcoin more legit makes it harder for Americans to gamble in crypto, which in return makes it crypto casinos losing their american customers (even tho there are already few of them) and that equals to loss in profits as well. That is why I don't think it will have too much affect, whoever will come will also be at most equal to people who leave and nothing will change.

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Quote from: SyGambler on February 09, 2019, 05:23:42 AM

IMO gamblers ( especially professional gamblers ) don't care at all about ETF , if you are a gambler and living in a country where gambling btc is the only way to gamble then you will use it regardless of ETF
and if you already have access to another fiat sites but still find value or fun in certain bitcoin site then you will use it as well regardless of ETF

I have no idea though if it will have some impacts on the sites , for example can we see more new sites offering bitcoin ?

I still don't get it. ETF is a trading derivative, completely different product and I would say completely different industry to gambling, so why would we even be thinking ETFs lead to gambling sites increasing Bitcoin?

Also, isn't the US now thinking to make all online gambling illegal, even the ones supposedly already allowed to operate?

mindrust

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Approval of an ETF will make bitcoin more legit as a currency in the eyes of the governments. People will realize bitcoin is not a currency only for the hackers and drug dealers. The gambling is industry is far bigger than what have have now with crypto. When more people have the confidence to buy and use crypto freely, not just the prices of crypto will shoot up but also crypto based gambling will be making much more money what they do now.

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Quote from: Idrisu on February 08, 2019, 12:49:20 PM

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 guess this will help the market and when we talk of market it has a lot of components to grow.
Crypto gambling is just one of the reason why the market is still here, with a big number of gamblers all over the world and limited number
of good casinos only, I think we will be seeing a boom of the gambling industry again, people will choose to gamble in crypto than their usual way.

tippytoes

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Quote from: SyGambler on February 09, 2019, 05:23:42 AM

IMO gamblers ( especially professional gamblers ) don't care at all about ETF , if you are a gambler and living in a country where gambling btc is the only way to gamble then you will use it regardless of ETF
and if you already have access to another fiat sites but still find value or fun in certain bitcoin site then you will use it as well regardless of ETF

I have no idea though if it will have some impacts on the sites , for example can we see more new sites offering bitcoin ?

Most probably, more gambling sites will be created and launched. Better be careful in signing up and playing with them. There are definitely scammers out there waiting for their fish to fry. In my point of view, there will be advantages regarding the ETF approval, not only in the gambling industry but the whole crypto market in general.

kingpin4321

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Quote from: Idrisu on February 08, 2019, 12:49:20 PM

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

SyGambler

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IMO gamblers ( especially professional gamblers ) don't care at all about ETF , if you are a gambler and living in a country where gambling btc is the only way to gamble then you will use it regardless of ETF
and if you already have access to another fiat sites but still find value or fun in certain bitcoin site then you will use it as well regardless of ETF

I have no idea though if it will have some impacts on the sites , for example can we see more new sites offering bitcoin ?

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Quote from: AB de Royse777 on February 09, 2019, 03:28:54 AM

Quote from: stomachgrowls on February 08, 2019, 05:08:25 PM

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's not important for us who already into Bitcoin however, it is important for those new people who have doubt in Bitcoin.

There are billions of people around the world who are brainwashed by the yellow media. The ETF approval for them is kind of green signal to trust Bitcoin which is a misconception by the way. Bitcoin will move with or without them however approval of ETF will bring more interested people on the table.

Exactly. Approval or no approval, other countries are eventually embracing BTC and the only thing affecting its price it is the whales.

Not even surprise those from Wall Street are one of the main players behind the scenes.

veleten

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there will be benefits to the industry because ETF aproval would attract new big investors
so the price is going up, most likely and there will be more buisenesses , official casinos, more regulations, more rules and more KYC
wait ... I mean ... it would be beneficial , haha
but ETF approval sounds more like a stuff of legends at the moment more than a real deal

traderethereum

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Quote from: Idrisu on February 08, 2019, 12:49:20 PM

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 don't know, but I think the gambling industry doesn't need ETF approval to continue their business. As long as they can build more and more gambling places in online or offline, then they can attract more gamblers to play on their websites. But for the other things, it will give fresh air for the market, and I hope that it will change the situations so we can see the bull market will come. Many people still need to believe that investing in the cryptocurrency can gives them a profit in the short-term and in the long-term. But they still need to know that when they decide to invest something, they must know that the risk will be behind on that investment.

AB de Royse777

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Quote from: stomachgrowls on February 08, 2019, 05:08:25 PM

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's not important for us who already into Bitcoin however, it is important for those new people who have doubt in Bitcoin.

There are billions of people around the world who are brainwashed by the yellow media. The ETF approval for them is kind of green signal to trust Bitcoin which is a misconception by the way. Bitcoin will move with or without them however approval of ETF will bring more interested people on the table.

Kakmakr

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Yes, the ETF approval with definitely have a indirect impact on the price of Bitcoin and this will influence the values of the tokens that are used by many of these gambling operations. They will have to adjust the token prices and they will also get more customers as more people are attracted to Bitcoin. Wink

A lot of these gambling operations adapt the token prices automatically, based on the price. {Freebitco.in also adapt their faucet payouts, based on the price of Bitcoin} Wink

Oasisman

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I dont see any significant changes in gambling field when Bitcoin ETF will be approved, not even the prices in crypto market. Maybe because of the ETF hype since last year, it will create a rise of Bitcoin value in the marker, not because of the ETF approval.

davis196

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Quote from: Idrisu on February 08, 2019, 12:49:20 PM

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?

Nope.Bitcoin won't be ETF approved by the SEC.
Anyway,any bitcoin price increase leads to madness driven by greed.If the amount of human greed increases,the gambling industry(which is driven by greed) makes more money as well.

proTECH77

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Quote from: Idrisu on February 08, 2019, 12:49:20 PM

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 the approval of ETF will definitely affect gambling industry because there will be more demand in the and this will significantly cut across all crypto sectoria including cryptocurrency gambling. Can't wait to see the market bullish again!!!.

Topic: Benefits of ETF approval to gamble industries! - page 2. (Read 520 times)