Will this turned into $1,000,000 in the end of week 52 on next year?
Lets see! Would be nice to get to the $1,000,000 over the next year for sure
Im not trying to be skeptical but atleast you need to make sure that those site you invested on would still be running until next year . With the price soaring high right now, it is hard for some people to gamble and thus this means there will be a little drop in the wagered amount which means less profit as well
That is a fair point. I have noticed over the last month that the betting volume has dropped a bit. Plus with BetKing opening up again some of the other sites might not get the same volume.
When BTC price is too unstable the gambling volume drops (at least BTC volume), with the reopening of BetKing casino many gamblers can left the crowdfunded casinos to play there, it's true. These are two reasons that could make the investment more difficult on the sites accepting investments on their bankrolls.
But Bitcoin gambling industry isn't on its full adoption yet. There are many gamblers that don't know Bitcoin and like to gamble online, but with fiat. Each new day more people become aware about Crypto-Currency and start adopting it. So I believe there are much money and many gamblers for all the Crypto casino sites we have today, world's gamblers just need to start using Crypto-Currency.
And even gamblers left the traditional casinos we are investing to start playing at BetKing or any other of the same kind I'm not sure if they will stay there forever. Gamblers like to play at several casinos, a little on each one. When someone loses money on a casino, he will probably try his luck on another one and so on. There are much money on this industry, I think everyone can be happy in the end...
Very good insight. I would love to see the crypto % share of online gambling over the years