Bitcoin Crosses $100k. Are Online Crypto Casinos as excited as we are? - page 4.

Oluwa-btc

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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.

Yeah exactly there is sure a smiling and exciting remarks of the community as well as the casino owners and I would say it's a plus to them but necessarily I can't really tell of what they think about the new development. And yes it's business cause with the price of Bitcoin I believe casinos will be at great advantages in the aspect of constant usage in the casino.

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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?

I think so. Casino benefits on the increase of Bitcoin and crypto since they this crypto as part of their bankroll to pay players and at the same time get profit from this currency so definitely their bankroll increases on price growth of crypto specifically Bitcoin.

Additionally, Casino benefited on the hype since crypto user spend more if their holding is growing due to the price pump.

It’s a holiday for casino whenever price increases significantly.

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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?

Most likely, this will not affect the work of the casino in any way, because those who played on Bitcoin will continue to do so. Casinos can, in turn, launch more promotional campaigns to attract players specifically for Bitcoin. In addition, as we have seen, the price did not last as long as many wanted.
I was watching one dice the other day, and it seemed to me that there were more games just at the peak of the price.

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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?

In my opinion, the price increase or price drop is not something that matters to players, because they will not stop playing because the price of bitcoin has fallen or the price of bitcoin has gone up a lot. I believe that many people are using stablecoins to play in casinos, for example, I use stablecoin to place my bets, so having a big price increase or a big price drop does not matter to me, I also separate the investment money and the money to play. I do not take the investment money to play, even if I run out of money to play, and I believe that many people who hold also do not use the investment money.

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Between the owners of physical and online crypto casinos, the online owner is happier because they have cryptocurrency flowing through their platform. This is the best time to be an online crypto casino owner; just look at the numbers of new casinos that launched their marketing here and on other platforms. This is the time that competition is on an all-time high because of the massive pump the market is experiencing.
Everyone that is involved in Cryptocurrency is excited.

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Quote from: EarnOnVictor on December 06, 2024, 05:34:25 AM

You should have labelled it "crypto casino" because other casinos will not be affected in any way unless they invest in cryptocurrency.

Yes, there are other crypto casinos that are not online. I am now thinking that there are even casino that are strictly crypto casinos but hold some Bitcoin. So yes, my apologies for that oversight.

Quote

You can imagine how many customers of the casinos are losing daily, they are depositing in cryptocurrency. So when the coins/tokens appreciate, the casinos will surely have a huge arsenal of crypto assets appreciating as well.

Reading all of the responses here has made me understand that all of c casinos are happy because they are also holders just like individuals but they have a larger amount of Bitcoin so like you said it is a win for all of us and for them as well and even more wins for them than for us.

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I think the Casino who will be excited about the increase in Bitcoin's value are those who invested in it, especially the ones who introduced Bitcoin as a payment method for gambling earlier on. They've been accumulating and investing in Bitcoin. Because now that the market is profitable, gamblers won't likely use Bitcoin to gamble again. Instead, they'll opt for traditional cash or other payment methods, as no one wants to risk their BTC.

I can see that the excitement comes from those casino who have invested in Bitcoin and can leverage the rise in its value to draw in more customers to their casinos. They might position it as a way to earn certain amounts of BTC when playing games or whatever approach they use. In general, the increase in Bitcoin's value is good news for everyone who invested in 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?

The only thing I think make them feel excited is they get lots of profits from their holdings they get. But aside from those reason I guess they don't care much about the price since what matter the most from them is on how they can continue to make their existing gambler stay also how they can lure more people to gamble in their casino.

For sure doing business is their main priority and they don't bother much to pay attention on price reached by bitcoin. Although we can see them posting a $100k mark celebration but for sure this is just part of their marketing plan to hype people towards this events reached by bitcoin.

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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?

You should have labelled it "crypto casino" because other casinos will not be affected in any way unless they invest in cryptocurrency.

As for crypto casinos, oh yes, they will be happy, there's no bullish season that any company dealing with cryptocurrency will not be happy. I am certain that they will not even care to store their volatile coins in stablecoin or fiat currencies during the bullish season because it has always been a win-win for them.

You can imagine how many customers of the casinos are losing daily, they are depositing in cryptocurrency. So when the coins/tokens appreciate, the casinos will surely have a huge arsenal of crypto assets appreciating as well.

I wish to be like them, free money on every side. Wink

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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.

I was little skeptical to how possible the bull-run could affiliate with the casino but here you come with your analysis.

Truly this bull-run will cause lot of Crypto casino gamblers on discuss whom had achieved significant profits to increase their wagers on the casinos and at this course the crypto casino companies will also be beneficial of it in as much they be having more gamblers and increments of their wagers to their sites.

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Quote from: aoluain on December 06, 2024, 03:48:11 AM

I wonder though in terms of Gambling with Bitcoin and especially as it grown in
value and demand will more people choose to HODL
rather than gamble with it?

And in terms of if the casinos are excited about the current market rise - yes I
recon they are, surely they HODL Bitcoin as part of their balance sheet at this stage?

Individuals, institutions and government that hodl Bitcoin should be happy now that it is bullish, it means more profits in their ROI. So in this regard casinos will be happy too that their Bitcoin reserves are skyrocketing in profits, besides, this bullish trend can attract more people to hold Bitcoin and they might be happy to gamble with some of their investment profits. But like you rightly said, more experienced hodlers will prefer to not gamble with Bitcoin, in the hope of increasing their ROI, they'd rather choose stablecoins or altcoins to gamble with.

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They will only be excited if they have BTC in their cold storage, if a casino is owned by a smart fella they will have buy some BTC in the past years as the back bone of their business, you don't have to advise anyone to do this now because biggest businesses around the world are doing the same.

I believe that many online casinos won't be excited because they probably don't have much BTC, they make the BTC option available for their customers only as payment solution, no investment kinda option but many gamblers this days don't want to use Bitcoin for gambling anymore, the valuable asset is painful to use for gambling now, people are better off with USDT and Tron as the main coins suited for gambling the most.

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I wonder though in terms of Gambling with Bitcoin and especially as it grown in
value and demand will more people choose to HODL rather than gamble with it?

Are more and more people willing to gamble with a scarce asset such as Bitcoin
and instead turn to gambling with FIAT?

And in terms of if the casinos are excited about the current market rise - yes I
recon they are, surely they HODL Bitcoin as part of their balance sheet at this stage?

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Quote from: bering on December 06, 2024, 02:59:06 AM

Whether casinos will be excited or happy with the current bitcoin price or not i think it depend on the situations of the casinos itself because if until today at those casinos their loyal players are still gamble using bitcoin for each days i think they will be very happy because probably the casinos can earn more money because the price of bitcoin is very high now but if their players mostly to gamble using alternative coin such as USDT i think there is no difference because the price of USDT is not increase rapidly even the price of this coin is still remain stable and as far i know some of the gamblers has decide not using bitcoin to gamble for time being because too expensive

They will be no doubt happy if their customers are going to gamble with Bitcoin. You know that there are a lot of crypto rich that do gamble and it doesn't matter to them if they've been using Bitcoin or any stable coin.

The real rich gamblers won't be emptying their pockets by gambling Bitcoin. They have an amount ready to get invested into the market and at the same time ready for them to gamble for enjoyment.

That's why the casinos are ready and happy for whoever they're dealing with. The business will continue as usual whether the market ripens up or not. There will always be those gamblers that will choose to gamble with BTC.

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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?

I don't see the connection in the rise in Bitcoin price and the joy of casino owners. The first cryptocurrency casinos introduced the possibility of depositing to the casino account as it was a cheap enough solution because the commissions at the time were negligible. In addition, replenishment and withdrawal of funds became not only fast, but allowed to maintain the privacy of users. Now the use of Bitcoin to deposit casino accounts has lost its relevance because of its high price, and therefore the commission. In addition, the time to deposit an account has increased many times. So investors in Bitcoin and alternative cryptocurrencies rather than casino owners rejoice.

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It depends. If a high roller suddenly wins 5-10 Bitcoins then I doubt they will be happy with this value increase of Bitcoin. Now, if no one wins until maybe a month or so then they will probably celebrate. Still, I think the winners are those who kept their Bitcoin from before until now. The HODLers. The question would be when they will withdraw.
Online gambling sites on the other hand will just keep on paying the same amount 1 Bitcoin is still 1 Bitcoin and I don't think that will change anything. But because the value has grown, if they have stashed a fair amount then I guess they are winners too.

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Whether casinos will be excited or happy with the current bitcoin price or not i think it depend on the situations of the casinos itself because if until today at those casinos their loyal players are still gamble using bitcoin for each days i think they will be very happy because probably the casinos can earn more money because the price of bitcoin is very high now but if their players mostly to gamble using alternative coin such as USDT i think there is no difference because the price of USDT is not increase rapidly even the price of this coin is still remain stable and as far i know some of the gamblers has decide not using bitcoin to gamble for time being because too expensive

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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?

If referring to crypto based casinos then of course they are happy about this price increase because they also receive profits. But on the other hand maybe gamblers will divert their betting funds to altcoins and prefer to keep their bitcoin. I don't know exactly but based on personal speculation crypto casinos will still take into account every market movement.

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Yeah most casinos do excited when they see Bitcoin price hit $100K, because most of casinos show the customers balance in USD, instead of the coins.

So, let's say you send 1 BTC when the price was $90K per coin, you will see you have $90K in your account. When Bitcoin price hit $100K, it doesn't mean your balance will change to $100K, nope. It will be same, which is $90K, when you want to withdraw, you will get 0.9 Bitcoin instead of 1 Bitcoin.

This mean the casino already earn 0.1 Bitcoin without waiting the gamblers to gamble.

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

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?

I am pretty sure that back then many people were eager to gamble when they get their monthly salary. I am assuming this is the same even today but with online casinos and crypto. Think about how many people have sold their bitcoin now taking profit. They have money now. They will for sure treat their family and maybe themselves by gambling so yeah, if I were a casino owner, I’d definitely try to lure in these gamblers who just recently took profit from bitcoin.

Topic: Bitcoin Crosses $100k. Are Online Crypto Casinos as excited as we are? - page 4. (Read 836 times)