Bitcoin Crosses $100k. Are Online Crypto Casinos as excited as we are? - page 2.

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Quote from: aioc on December 09, 2024, 03:52:13 PM

Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

They are more excited than we are because their business is Bitcoin-related; they have a huge portfolio of cryptocurrency, and now that all coins are experiencing a big pump that means triple the income for them if they converted it to fiat, this is probably the best time to become a business owner that's accepting Bitcoin.
There are additional signature campaigns now because they have additional funds for campaigns and many of these are casinos.

Surely there'll be big excitement among the entire casinos with the price of bitcoin crossing $100k. This is a big milestone, and casinos will be holding a big volume of cryptocurrencies, and that makes a big change in the net worth of their business. At the same time they'll also be having the fear of missing out. Gambling platforms always have their edge, which makes them generate a specific amount as profit, unlike the market movement. When the market price reaches high, the net worth increases. On the other side, when the price increases, people gambling used to get cut, and most people start to spend in terms of USDT and not with bitcoin.

aioc

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

They are more excited than we are because their business is Bitcoin-related; they have a huge portfolio of cryptocurrency, and now that all coins are experiencing a big pump that means triple the income for them if they converted it to fiat, this is probably the best time to become a business owner that's accepting Bitcoin.
There are additional signature campaigns now because they have additional funds for campaigns and many of these are casinos.

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Quote from: _act_ on December 05, 2024, 12:56:00 PM

Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

If bitcoin fall or increase, the gambling sites know what they are doing. Just know that they are always in a profitable business. If the gambling site has not sold any of its bitcoin, that means the gambling site is richer now as bitcoin price continue to increase. But know that the gambling sites do not depend on that. What the gambling sites are depending on are their customers. The more they have customers, the more profitable their business is.

My thought is kinda similar with you. I also think that, gambling platform will not be focus in keep holding their assets as like Bitcoin, because now it’s achieved a big milestone in 100k$, if gambling platform still holding their Bitcoin then they're made a big profits already but their main profits comes from customers, not depend on which coins pump or dump.

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

Looking at the situation, we cannot definitely estimate because after all, for crypto casinos today not only btc is used as one of the aspects that we can use to deposit and withdraw but also other altcoins. It's just that when talking about enthusiasm, everyone must feel the same especially for some gambling users who always gamble with bitcoin as their financial center.

I don't really know for sure for those dealers or business people in gambling, it's just that for me personally who are currently still gambling using btc as my method of gambling there is a quite extraordinary impact in terms of value, obviously this looks very up and I like this condition. The benchmark may be for speculation now, we as players are quite happy with the growth in value let alone those who are indeed money catchers in the gambling business they do so I think the conditions will not be much different.

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One thing i will like us to remember is that everyone of us cannot be on the same page with each other as well as making the same decision with their investment, what they want and their respective choices, this variation is what is very common and we are still going to keep on having it, because we are different form each other in terms of how we relate to making decision over things around us, that is why some casino owner have invested in bitcoin and are happy at this time, the same way some are not because they never invested as they were not convinced as at then.

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Quote from: TheUltraElite on December 09, 2024, 08:05:38 AM

For a gambler, the price of bitcoin is a pain in the rear, but they sure cannot control their betting habits which is why they will continue to buy bitcoin at high prices and waste it on dice and slots.

I don't know how many people buy BTC to gamble at these prices. But I'm guessing that prefer to play in a crypto casino to gain more BTC in case of winning. Since their betting habits will still exist, paying a fee for having the same gambling amount in a crypto casino, gives them the chance to earn more BTC in case of winning.
Plus, if you have the patience (and your hands are not sweating lol), you can withdraw when BTC drops and get more. It's tempting. Grin

Quote from: TheUltraElite on December 09, 2024, 08:05:38 AM

Either way, its a win for the owners.

It's more than a win. Their company's portfolio skyrockets because of the BTC price without doing anything, and without calculating and adding all the other coins that pump like nuts. So their numbers are much bigger and that is always helpful for getting more attention, players, and of course investors.

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Quote from: GideonGono on December 09, 2024, 01:29:16 PM

I guess just like any investor/business owners they would surely be happy, when they are earning from their investment or business.
But I don't think that they would be as excited as we are since it is part of their business and they couldn't just easily convert it into Fiat or stable coins like us.

They will be just as happy as we holders are; in fact, they might even be happier than us because they are receiving Bitcoin on a regular basis and their reserve value just got increased, which means they will be using a small volume of Bitcoin to pay a higher payout compared to what they did months back. For this side, which they earn from, the price increase will give them happiness; there is an increase in their reserve worth, and they can still decide to sell if they have things that they want to do with money, but just as some individual investors don't sell off yet, that's how some of them will still be holding too.

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I guess just like any investor/business owners they would surely be happy, when they are earning from their investment or business.
But I don't think that they would be as excited as we are since it is part of their business and they couldn't just easily convert it into Fiat or stable coins like us.

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

It seems to me that nothing has changed for them. And all because casinos are unlikely to keep part of their income in cryptocurrencies. Of course, they have some reserve to send and receive cryptocurrencies, but for them this is just a way to attract more customers. And the main capital of the casino is definitely kept in regular dollars. Because it is more stable for them. And it is easier to report to the tax authorities, because Casinos pay taxes anyway.

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Depends on their biggest reserves.

Not all business that accept cryptocurrency hold the most in cryptocurrency, they might hold stable coins or fiat, so the bull season will not affect them.

But, hopefully with Bitcoin price crossed $100K it will bring newcomers to interested with cryptocurrencies and attract them to casinos. Online casino rising really high recently, it might be the most promising business right now.

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

There is definitely some relationship between the increase in the price of Bitcoin and gambling sites, for example, if gamblers participate in casinos with Bitcoin. And all the Bitcoins that are accumulating in these gambling sites and if they keep the gambling side and keep depositing Bitcoin, then Bitcoin will increase.
As a result, gambling sites can increase the casinos and provide more benefits to gamblers, and this I think is the easiest way for gambling sites and casinos to play because if the Bitcoin gambler has made a deposit, it will increase from there and will have the opportunity to gamble more.

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin Crosses $100k. Are Online Crypto Casinos as excited as we are?

I think online casinos are 100x more enthusiastic and fierce than the current price of Bitcoin, why not just imagine if the casino had been operating from 2009 until now, automatically the stored balance and online casino profits remain in Bitcoin, imagine if they had 1000Btc they would sell it now for $100k, wouldn't they have many times the profit, wouldn't they be happy and happy.

I'm sure many casinos keep their profit assets in Bitcoin, whether when the current price was $100 to $100k, they are certainly currently enjoying multiple profits from the increase in Bitcoin prices, that's the advantage of online casinos prioritizing payment features with Bitcoin.

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More priced bitcoin is, more money incoming for the casino owners. They will set up some promotional contests in view of this event but they are only waiting for the event to bring in more money.

For a gambler, the price of bitcoin is a pain in the rear, but they sure cannot control their betting habits which is why they will continue to buy bitcoin at high prices and waste it on dice and slots.

Either way, its a win for the owners.

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I think whatever that excites its gamblers, the casino will also feel the same. No casino would not feel excited and thrilled if they earned massive amount of bitcoin. That only means that more casinos will be open about crypto gambling, since the demand will literally increase due to new gamblers that will surely enter crypto gambling. And seeing bitcoin price has reached $100k, that will encourage more welcome bonuses on bitcoin casinos which will continue to fuel attraction on crypto gambling.

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

Why would crypto casinos be excited about a certain Bitcoin price? Crypto casinos don't care about cryptocurrency prices. They care only about their revenue. I still think that it's a dumb decision to gamble with your Bitcoins. Most gamblers should gamble with stablecoins or fiat money. Crypto casinos existed years ago, when the BTC price was 1K USD, they will continue to exist when the BTC price does above 100K USD. There's no difference for them. Maybe some gamblers are excited about the BTC price hitting 100K, so they will start gambling with higher bets, but I don't think that the overall crypto casino revenues will increase that much.

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Definitely the high price will help all the Bitcoin lovers and the businesses or companies associated with crypto. As the price has gone high, hence more people will show interest in joining the crypto industries, and some will also like to multiply their cryptos by gambling. So definitely the traffic in the online casinos is increasing at a fast pace. Moreover, casinos are also providing festival bonuses in these Christmas and New Year. On top of it, the price of Bitcoins is also high. So definitely crypto casinos are excited, like the normal users.

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Quote from: Fiatless on December 05, 2024, 12:23:27 PM

Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

To answer this question , we will have to get statistics or data that gives a valid analysis of the situation. I did a brief search but couldn't find anything reasonable. But with the rise of Bitcoin to this price, gamblers who are hodlers will have more money to spend if they sell their coins. Maybe it might make them increase their gambling budget which will be beneficial to casino companies. However, I have observed an increase in casino signature campaigns in the forum since the bull run this might be a sign that the season might be benefitting casinos.

That is sound thinking for sure, the raise in price gives way to a rise in gambling habits for some individuals but the notion that there are more signature campaings as a result of the bull market it interesting to me. Surely there isn't a rise in gamblers but a rise in the price that leads people that hold crypto to feel like they have more "play money" so to speak. In this line of thought I think that the bull market has definitely been great for casinos and they are probably very happy about it.

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

Of course, if they have holdings of bitcoins, casino owners are just as happy as those who hold bitcoins because it is obvious that they are taking profit. But if they do not have holdings, they still have income because of gamblers who deposit money into their platform to gamble.

That is always the main purpose of casino owners in this field of the crypto gambling industry, right? When they do not have players who deposit money to play gambling using their gambling platform, they also have no profit. This is always the simplest cycle of all gambling casinos whether it is online or offline casino.

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Double-edged sword!

On one side you might have more promotion because of that, an increase in customers because of the hype around crypto, and of course, if the site owners have a stash of crypto an increase in their reserves.
But on the other side, it's also bad because a jump in value might make more people reluctant to gamble, why gamble when you can just hold, they will see crypto less like play money as almost all have seen in it the early days of SaotshiDice and more like an investment.

Check topics like this that pop up after each bull run:
I just realized that Bitcoin isn’t the best choice for gambling…

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Quote from: Davidvictorson on December 05, 2024, 12:09:25 PM

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

This new price is definitely a plus for the casino platform. Bitcoin has reached 100k, so all the investors who were holding Bitcoin have benefited. Bitcoin reaching 100k has increased the popularity of Bitcoin, as well as the number of gamblers to gamble, we can see the proof of this by looking at the Bitcoin forum. Due to the increase in the price of Bitcoin, casino-related campaigns have been going on in the Bitcoin forum, which has been seen a little more recently. Apart from that, not only Bitcoin, but also altcoins have increased along with Bitcoin, so those who were holding altcoins have also benefited. In short, the growth of the Bitcoin market has benefited the casino platform.

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