Betting with Cryptocurrency is growing in popularity

batang_bitcoin

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Quote from: markcruz5554 on September 03, 2018, 09:44:36 AM

Yeah seems to of been a lot of ICOs based on gambling on the blockchain lately. Hopefully some of them succeed over the next few years.

I've seen a lot of them last year and until now there are still ICOs that are pursuing this type of project.

I guess some of them became successful but I think that there are numbers of it that didn't get any exposure that lead them to fail.

batang_bitcoin

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Quote from: markcruz5554 on September 03, 2018, 09:44:36 AM

Yeah seems to of been a lot of ICOs based on gambling on the blockchain lately. Hopefully some of them succeed over the next few years.

I've seen a lot of them last year and until now there are still ICOs that are pursuing this type of project.

I guess some of them became successful but I think that there are numbers of it that didn't get any exposure that lead them to fail.

Commitments

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Never joined betting ico, I have heard news and correct information there are never accepted for betting coin listed on exchange market. the exchange market never allow for listing betting ico coin on their market, you will lost your investment money when you buy betting ico coin.

gambitcoin53

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when i started in crypto, i started on a gambling sites that offers token satoshis and bitcoin, almost all users here are aware that crytpo and gambling are common in this kind digital sites, therefore, even before people knew that cryptocurrencies are associated with gambling, the fact that FUDs are using this loophole to create distrust on the cryptocurrencies not knowing that from gambling, look how crypto evolved as a trading medium to earn a profit on the not so illegal way.

The_Dark_Knight

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It is obvious this is going to be the case, gambling with cryptocurrencies is getting really popular because it allows players located in countries in which gambling is ban to gamble in their favorite sports or game and to do it in an anonymous way since no one is going to ever find out what they did, so it is not really a surprise that bitcoin gambling is growing so fast.

goshay97

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I agree. Wagerr was my first ICO. The blockchain and gambling seem like such a great fit. I'm sure the regulators will have a fit trying to stop this but in the end we will be able to gamble anywhere anytime on the blockchain. LOL I love crypto.

motun01

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Gamblingbwith cryptos sounds Luke a great idea but this is not very feasible because cryptocurrency is not stable against the dollar Nd unless cryptocurrencies get some kind of stability in the long run. This industry may no longer be available for disruption.

cryptolidus

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Sports betting with cryptocurrencies has already big popularity and there is a big demand also from gaming and
gambling industry to use blockchain technology as it is secure and confident.

imesh4you

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Yes. I have seen, thousands of betting sites with crypto. These are a very popular thing in the crypto industry. I saw, many people doing betting works. But my opinion is, it's not good work for us. Betting means the same as gambling. So personally, I will never recommend any gambling work for you and I've never participated or participating in gambling works. We have many safe and good ways in the crypto field to earn altcoins. My advice is, trying to do real work.

jessd7

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I absolutely think betting with crypto is an emerging and disrupting industry. Betting has been a part of our history since time immemorial so it is deeply rooted in our culture, however, using crypto will make it more exciting and transparent. At least, with the blockchain technology, it will be more efficient, regulated and there will be less chance for people to be deceitful.

markcruz5554

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Yeah seems to of been a lot of ICOs based on gambling on the blockchain lately. Hopefully some of them succeed over the next few years.

alex_kir

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Why not? I think that in most cases, rates are a very profitable type of business, because it often happens that people do not understand anything in this matter, they just bet on experiencing fate.

supermine

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The market capitalization of the crypto gambling is very huge and it is already legal in most of the countries even India is in the process of making it legal,so the world is getting ready for the crypto environment in every field.

Valay9836

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since interest rates are illegal in most countries. therefore, people are switching to cryptocurrency. because it's hard to track.

mdzahed134

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i think still BTC is not highly popular in gambling platform.Majority of the gambling big site is not accepted in Bitcoin like Bet365 is the most popular gambling site in all over the countries.Than i think second is Paddypower is another big one gambling platform.They accept only Netteler & skrill currency.I hope at future they will be accept Bitcoin.

MatthewNaccarato

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Recently the Chinese government has imposed various rules and regulations on cryptocurrency trading in China. Due to this, the gambling money was seized by the Chinese government. The cryptocurrency prices in China have lowered a lot due to this step.

EdwardClinton

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It's really disappointing. Online gambling in Chinese cryptocurrency market is very disappointing. This type of gambling should be stop before it gets really extreme.Already Chinese Police has done a great job and I think in future they will be able to stop it permanently.

13ex07

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Quote from: pokxon on July 16, 2018, 05:22:41 AM

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.

Maybe it sounds strange, but I think it's good news. At one time, the porn industry pushed the development of the VHS video standard and sent the standard developed by Sony to oblivion.

Balorck

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In my opinion, the cryptocurrency will soon conquer the entire market and not only gambling . It opens all the doors to the people . and gives a lot of possibilities

piaomar

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now, so many projects about gambling and I think the project with the concept like this is crowded followed by many investors. we know that the opportunity to make a profit in here is big so they make good use of it.

mc.craigsvictor

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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.

bhantom

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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

andrey111

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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.

Sama517

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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.

webtricks

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Quote from: pokxon on July 16, 2018, 05:22:41 AM

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.

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.

Chacha1000

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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

iamsediii

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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.

campusnet

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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.

Larymause

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Quote from: pokxon on July 16, 2018, 05:22:41 AM

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.

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.

rahimali

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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.

Zakifon

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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

Indrawan77

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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

jonloner011

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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.

krassy

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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.

deus030518

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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.

annasadia

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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.

batang_bitcoin

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Quote from: fudster on July 18, 2018, 09:21:56 PM

Quote from: batang_bitcoin on July 18, 2018, 09:08:05 PM

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.

I remember directbet was quite easy but they're closed already.

Yeah I witnessed that they are one of the most preferred casino few years ago and I don't know what's the reason behind their closure.

Quote from: johnleo on July 18, 2018, 09:38:08 PM

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.

Endikadija

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Quote from: pokxon on July 16, 2018, 05:22:41 AM

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.

kirstiemorton23

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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.

johnleo

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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.

V. J. Meyer

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Quote from: valheru on July 18, 2018, 09:08:28 PM

Bitcoin is a safe system so it is very normal to use at betting places. Even if the number of players is high, it is illegal in most countries. So Bitcoin helps people to play a more secret bet and this is a great freedom.

The use of cryptocurrency in betting services is very reasonable and safe, confidential player information. Although banned in many countries, everyone knows that betting always exists in many ways, so the use of cryptocurrency in bets should be more exaggerated.

Bagani

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Betting platform are good for crypto economy, well recently i found ico about this betting or gambling with partnership of my favorites player in sports like boxing and basketball. The filipino pride nonito got video advertisement and kyle kuzma and srth curry of nba. Im gald to see them in crypto. I also want to bet so hope gambling will become popular in the world

stellaekun

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Some casinos certainly find it easier to use cryptocurrencies than with fiats, the cryptocurrency use in gambling circles is increasingly becoming popular

fudster

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Surely the Chinese are fun of betting, combined it with bitcoin and they are going to make the market bigger than 1.5 billion. No wonder there are tons of betting sites in crypto. The gambling sites however aren't pretty easy to load which is why I don't go there. Dice sites are the only faster to load the pages.

Quote from: batang_bitcoin on July 18, 2018, 09:08:05 PM

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.

I remember directbet was quite easy but they're closed already.

mastadonballs

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Because cryptocurrency is very secure that why so many people want to use cryptocurrency to bet on sport matches

). But not only at the moment, cryptocurrency has used to bet for long time ago on Dice websites

). I think it's a smart way to get money from betting without being arrested in countries which don't seem betting is a legal activity.

valheru

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Bitcoin is a safe system so it is very normal to use at betting places. Even if the number of players is high, it is illegal in most countries. So Bitcoin helps people to play a more secret bet and this is a great freedom.

batang_bitcoin

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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.

Primal6666

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Quote from: pokxon on July 16, 2018, 05:22:41 AM

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's unclear why you wrote it, as something new. Gambling has always been popular, so they will remain same. Same, dice, are present in many low-level exchanges. Digital money allows you to deal with this anonymously, that why the popularity is so high.

steplaza

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betting is not illegal at all, it is regulated of course but not illegal. Not sure how the laws apply to crypto betting, but for sure it's a promising use case for cryptos due to the possibility of decentralization

Crystalcoin24

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betting is illegal in most of the countries , so when we hear the name betting with cryptocurrency then a bad face of this come upon our mind but online gambling is involved with cryptocurrency and it is gaining a lot of popularity among the investors as well, and bitcoin market is also accepting this matter after proper investigating

pokxon

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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.

Topic: Betting with Cryptocurrency is growing in popularity (Read 331 times)