Topic: Bitcoin Crosses $100k. Are Online Crypto Casinos as excited as we are? - page 6. (Read 836 times)

Just as what changes for investors it changes for everyone and it affects us positively or negatively, but the positive effects is more than the negative effects to Gambler/casino owners. At first I would have to explain about casino owners because we are talking gambling and not investment or trading; casinos, their supply would reduce and the people who tends to use bitcoin to gamble would definitely reduced because everyone would want to hold their Bitcoin tight instead they would love to use usdt or fiat to gamble in order to hold their precious bitcoin. In other ways, the Bitcoin in their possession if there were no enough winner on bitcoin then their holdings would also increase as well, it just likes those who were losing while playing with Bitcoin are just stacking their coin up to the casino so this surge has caused a significant increase to them as well.

Then to investors/traders they have also made profits from their trades and investment, and to them they wishes for the price to keep soaring.

The negative effects of it is that; people were still procrastinating has now been left behind because they felt the price would reduce for them to bag up some coin but get disappointed at the last results, presently it has affected them negatively because they don't have any position of bitcoin at their custody. But this isn't the problem because the opportunity were there for everyone to invest at the right time, just that they were so stagnant refusal to shake themselves to buy and hold bitcoin and wait for the price to increase instead they decided to wait and the price left them behind.

They should, if they have invested in bitcoin, also, i expect them to be making an additional traffic this time to what they are having before, because most of their user who gambles must have realized some extra sats as profit on their bitcoin holding portfolio and this alone may serves as an additional reason why they can conveniently gamble and make use of their preferred platform to do so, there will be an increasing gambling activities during this season.

This is not what that gives gambling sites happiness. What that gives them happiness is for them to have numerous customers. The more customers they have, the happier they are because that means more profit for them. That is why you will notice that gambling sites are doing promotion not because of two things, but to have more gamblers gambling on their site.

That will depend on if they are hodling bitcoin. Though, online casinos are into a lot of cryptocurrencies and not only bitcoin. But the surge of bitcoin to $100k today really created excitement among crypto enthusiasts so the excitement can cut across both hodlers, traders and bitcoin investors who have had any dealing with bitcoin because it is really a historic time for bitcoin. I don't think online casinos will be much excited because their own excitement only comes when gamblers has recorded a lot of losses than win. It gives them so much happiness because they know the profits they have been able to achieve.

Yes, of course, the price increase is definitely a plus for crypto casinos, most especially those that accept the use of Bitcoin for gambling, and have had lots of Bitcoin in reserve for the past few years when it's value hasn't skyrocketed this high. Because one thing certain is that just the same we long term investors are happy to have seen a slight price increase of our investment, so will casinos be happy to see either 10% or 15% of their reserved Bitcoin investment. But unless they never had any Bitcoin in reserved, then that would have been business as usual. Of which I doubt if big casinos such as Stake, Rollbit and Duelbit won't have any fraction of Bitcoin.

In general, I tell you of a truth, it's a waste of excitement for anyone who isn't hodling to be excited over the recent spike in Bitcoin price. Whether it crosses $100k or not shouldn't bother them. As for casinos, it will excite them because the recent spike will cause more attention for them. A lot of casino customers/gamblers will excitedly want to increase whatever they've by gambling with the little they've. This news will also onboard new users who haven't heard about Bitcoin before trying to sign up on casino sites to gamble to acquire Bitcoin. To the best of my perspicacity, I think it excites casinos.

It can't be normal for anyone or any entity that owns Bitcoin these days. There are people who own Bitcoin worth a few thousand dollars and their lives have changed after the recent ATH, especially in countries with very weak currencies, let alone companies and investments that own huge amounts of Bitcoin and other crypto assets in general since their price has also risen to record levels (Ripple, Dodge...). Imagine a jeweler who owns an amount of gold that he trades with his customers for money. Imagine that he wakes up one day to find that the price of gold has doubled. This means that the value of his assets has doubled overnight and he now has twice the wealth he had. Can you imagine that he wouldn't be excited? I find this very obvious and not worth discussing.

I don't really think if Casinos has business with the price of Bitcoin so they may not even pay any attention to the $100k it has finally reach now because all they are in for is how they can profit from there business while others are so much excited because of what they stand to gain at this price because I have heard a lot of people talking about how they set there take profits on the price level of $100k, so reaching the price is a big celebration for them, actually Casinos are like a neutral business that has Bitcoin as there option but doesn't mean that they have an investment with Bitcoin or are related in anyway, that's why even when the price of Bitcoin was too dip casinos was just there doing there business and that's how it will not also concerned them at this time of Bitcoin price.

More FOMO and higher cryptocurrency adoption, especially Bitcoin, will lead to more new as well as returning gamblers for casinos. So I think they are quite excited, but maybe for different reasons than us. Although subjectively both of us are interested in making a profit from the rising value of Bitcoin, so perhaps it could be considered the very same reason?

I guess what matters is the subjective viewpoint.

Yes, but how about them holding some of their Bitcoin winnings? And if we go on your argument that they are profitable and obviously could be holding still the their profit markup will be greater that what they expected, similar to us when we bought at price of $15,500 and now the price is $100k. So not sure what the numbers are, but it's huge for them and so they are also very excited to finally see that Bitcoin finally had it at $100k.

And so it's just a question for Bitcoin gamblers whether we want to continue to play with it, or just chooses another altcoin and then we just held on our Bitcoin for as long as we can and just just gamble it.

I guess this your own thread would be a plus one  too. Well as you stated this your question is actually peculiar because it's really something I have been trying to relate on too because of lately I was seen that the there have been an increase in the number of crypto casino coming to actually run their businesses here and this can only show that it's a positive results for them.

Casinos do not give the slightest f*ck if the Bitcoin price is 100.000 dollars or 1000 dollars as they know the poor addicted persons will play no matter what in them and they will have a guaranteed profit thanks to the house edge put in place just for that. I can understand players to be excited as for the same amount of Bitcoin now they can play much longer which can be translated as better wagering toward their VIP rank up, this is the time to raise up those levels guys for you who still believe in luck as personally I don't give a f*ck anymore, I consider myself to hold the world record of bad luck not having a single win day by playing every day since 4 January of 2024 I am empty, 0 wins. For those who are still enthusiastic though, this is the perfect time to put in action two strategies specifically for wagering, dice 98% win and plinko 16 rows low risk, use IDR and you can rank up your levels blazing fast this way.

Even if bitcoin drops drastically casino sites remain profitable because this is part of the business, in fact it is rare for a casino to go bankrupt I always see casinos continue to grow because many customers are playing at the casino.
Some of the bitcoins that the casino has belong to customers who go in and out of the casino so they will not sell them, but still from that the casino is always profitable.

The crypto casinos are also excited of bitcoin breaking through $100,000 as recently.
Excited persons are the enthusiasts who're holds bitcoin and withnessed this greatness.
Relating this circumstance to the crypto casino gambling, I'll say the casinos house who're accumulating are the ones to be specified because gamblers ain't investing on the casinos instead they stakes, lost or winsnsnd doesn't holding on the casinos.

Aside from the effect of this current bitcoin market trend being a driving force for new advert and traffics, this also make alot of senses to the casino who have a large bitcoin reserves in their hotwallet as the value of those bitcoin would have increased significantly as a result of this current market trend, and for sure we are going to see the reflection of that in the number of new streams of promotions by the various casinos during this period of time.

Just as this is an exciting time for us in the bitcoin community same it is for the cryptocurrency casinos community with new expectations and new hopes for the market in the coming weeks and days, so for sure this is having a lot of positive effects on the entire Industry.

I think everyone should be excited, including crypto based casinos as they are also one of the biggest holders of Bitcoin together with exchanges. So when they see that Bitcoin crosses $100k, then just like us, they are going to look at their wallet and see how much they profited, so it's obvious that they are very happy.

One thing though is the transaction fees, if it goes up together with the price then casinos, specially those who shoulder the fee for their customers, might cringe as it's a added money on them. But overall, I just check the fees right now at 11 sat/vB so still manageable for everyone.

Any casino company that invested some funds in Bitcoin will be excited alongside other investors. But if they didn't, I don't see any way they should be happy because they are not benefiting from Bitcoin in any way. Unless they are excited for the gamblers who are extreme investors in Bitcoin. Some people have huge Bitcoin and deposit Bitcoin to gamble these people making more profits from Bitcoin will have enough money to gamble so either way it's a big win for the casino.

Well as long as they have bitcoin in their holding then it’s only natural for them to be excited - if the casino is one that deals majorly on bitcoin then their portfolio or account should have seen a change in value and as a business owner that should bring some kind of happiness to you.

This is just my thought, but for them it might not be the same as some actually deals based on the bitcoin unit and not the amount in usd so even if it increases it still holds no difference for them and thus I don’t know how they’ll react to such situation.

For crypto casinos, yes it is a good news. It may not be beneficial for the casino directly but indirectly it will benefit the casinos and every business that uses crypto. The reason is that with Bitcoin hitting 100,000$, the more people will know about crypto and adopt it and therefore they may join the crypto casino's too.

Overall, all the crypto community is happy with the bitcoin price action and I guess people are more happy and energetic in a bull market and therefore they may party and gamble more too  

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.