Topic: Betting with Cryptocurrency is growing in popularity - page 2. (Read 331 times)
For such type of action of some gamblers, the reputation of bitcoin is on the verge. Chinese governments should do something to punish the perpetrators but they should not ban bitcoin or crypto currency because of this but hats off to the police for such recovery success.
If it is something new in China, it should increase worth of more popula coins which will be used in online casinos. For me it is good informations, and if number of invested coins for gambling will be that huge like money which were invested, it will be really good for market
I do not see any problem here at all. If you accept bets in fiat money, then why not take in the crypto currency? If you think so, you need to ban dollars, they also pay in the casino. Just follow the laws of the country in which you play, that's all.
I believe a lot of people will prefer using Cryptocurrencies in betting activities most especially if they want to be anonymous and not identified as gamblers based on maybe religious and social reasons.
Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.
As per my country's laws and most of the other countries, online betting is not illegal. So it is not a surprising fact that online betting has grown to such extent. However, one has to pay Windfall Gain tax or Casual Income tax on such incomes which is generally higher than normal rate of tax. So in order to escape such taxation, people have moved to crypto betting. And believe me, it is really fun to bet with cryptocurrencies. One can send any amount, play any odd, any number of times without worrying income tax or any other kind of regulations from government.
Betting with cryptocurrency is truly growing in popularity and I can say is a good development because the more it gets popular the better cryptocurrency becomes
Technically betting is real illegal, But this is online and decentralized crypto use to bet. Most entire country not yet regulated that. So from now betting online with crypto-currency is legal.
betting has always been there and will still be there. now more and more the ico project with betting platform to make their currencies. and project betting always get investors with large funds.
Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.
Gambling has always been popular, regardless of whether it's sports or crypto currency. While in the world there are a lot of gambling people, betting companies will prosper. Personally, I never liked it, because you will always lose there.
Actually, it is not a new word. I was not wondered at all. Cryptocurrency gambling has been started in 2014 and it is growing since then. Gamble is an ancient game. It will live for thousands of decades. It is not positive but because of it, Bitcoin usage is growing up.
I agree that now the popularity is gaining rates on the blockchain .. recently completed the project Bethereum, who participated? I consider this a very strong and promising project
Its not surprising that crypto being used for gambling, since crypto being introduced a lot of crypto gambling keep popping out and crypto gambling is very famous among the gambler, and the fame of crypto gambling is not only in China but also in the whole world even in countries that not allowed any gambling
I think it is normal due to the nature of cryptocurrency and it's decentralized system. And cryptocurrency is a bless for gamblers as it can not be traced where fiat currency transaction can be traced with many sources and systems. In future the trend of betting with cryptocurrency will increase I think.
Gambling with the use of cryptocurrencies are becoming more popular, a lot of projects from the beginning of 2018 announced the development of platforms for gambling and casinos. I believe that gambling will always be very popular because people dream of getting rich quickly and are ready to lose all their accumulated property and money in the hope of becoming millionaires.
Most of the gambling whether it would be games or matches in the world cup or any kind of sports must be done in a casino or any casino outlet as most governments has regularized them. The problem here is that if the gambling is done in unknown sources then it is considered illegal specially those done in the black market and with the use of cryptocurrencies as the medium of betting then it will leave a bad mark in the market.
There are endless ways to earn in the market of crypto currency, one of the ways is gambling. This popularity of this method is growing. People bet on various types of games,. This will make the market of crypto currency notorious, police are trying to stop this activity.
Gambling with crypto's and betting with your favorite sports team and games has been there for years.
This isn't a new thing in the cryptocurrencies and this is also one of the biggest contributor in crypto's. Gambling industry is one of the reason why bitcoin and other popular alts gained demand because of the gamblers that has found convenience through it.
This isn't a new thing in the cryptocurrencies and this is also one of the biggest contributor in crypto's. Gambling industry is one of the reason why bitcoin and other popular alts gained demand because of the gamblers that has found convenience through it.
I remember directbet was quite easy but they're closed already.
Previously I have tried to join with international bet platform that using FIAT as payment but need a few days to make a deposit so better solution is using cryptobet.
This is also why most are preferring crypto betting or gambling with cryptocurrencies, fees are cheaper and transactions aren't taking too long. Once it gets confirmed for few minutes, you have your money for deposits and withdrawals.
Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.
It should be more than it, remember there was a lot of zero knowledge coin has been used to betting on any event such as dash, monero, zcash and many more. I guess the majority of them are using zero knowledge coin such as monero because it can't be traced and anyway the police just discover a little amount. According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.
I think gambling has been around since time immemorial, many countries legalize gambling, I think gambling developers make cryptocurrency a gambling tool and it's an innovation for the gambling industry, payments and bets using cryptocurrency, the technology continues to grow and the Chinese government can not get that.
I like cryptobet because I come from county which betting is illegal and then most cryptobet platform don't ask KYC and proof of address. Previously I have tried to join with international bet platform that using FIAT as payment but need a few days to make a deposit so better solution is using cryptobet.
Jump to: