Bitcoin Gambling is Exploding - page 21.

virtualkeybuyer

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Quote from: goldcoinminer on April 26, 2016, 03:31:08 AM

Quote from: thejaytiesto on April 23, 2016, 01:46:09 PM

Quote from: maku on April 22, 2016, 02:12:22 AM

It is funny how most countries has very strict laws against online gambling or don't allow people to gamble online at all.
And it is quite possible to monitor if people are using FIAT. After all bank transfers, debit/credit cards and Paypal - all these methods can be associated with your ID.
With bitcoin it is a lot harder to track you or even tell if you are gambling online or not. And that is the reason behind BTC gambling boom.

Actually this raises a good point, another good advantage for Bitcoin will be that if you are not an adult you can still gamble with your money anyway.
I remember when I was a kid like 14 or something, I was in highschool and I wanted to play some poker on the internet, but the fuckers wouldn't let me join on the sites to play for real money cause it needed an id. If I was 14 in 2016 I would just use Bitcoin and have some fun in poker playing for real money, and even spin some on the slots. I could have made a lot of money back then but they wouldn't let play. Imagine being in high school and making money with poker, it would have been so cool but I was stuck with my parents small time cash pay :p

Yeah, that's the advantage because you are anonymous, but the negative side of it is when a minors will be addicted with gambling if would probably ruin one's life. My experience with betting using bitcoin for years now has been spectacular, I was able to bet regardless of limit even with our country is ban from participating through gambling in betting sites. Betting at a different site is great and so I hope and very positive that more gambling sites will be establish in the future.

yeah, one of the positive side for using bitcoin in those gambling sites is that it is anonymous todeposit on there, so those people who want to play gambling and do not want to show themselves on public or to any site staff then they will prefer bitcoin at there.

gtglener

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Quote from: goldcoinminer on April 26, 2016, 03:31:08 AM

Quote from: thejaytiesto on April 23, 2016, 01:46:09 PM

Quote from: maku on April 22, 2016, 02:12:22 AM

It is funny how most countries has very strict laws against online gambling or don't allow people to gamble online at all.
And it is quite possible to monitor if people are using FIAT. After all bank transfers, debit/credit cards and Paypal - all these methods can be associated with your ID.
With bitcoin it is a lot harder to track you or even tell if you are gambling online or not. And that is the reason behind BTC gambling boom.

Actually this raises a good point, another good advantage for Bitcoin will be that if you are not an adult you can still gamble with your money anyway.
I remember when I was a kid like 14 or something, I was in highschool and I wanted to play some poker on the internet, but the fuckers wouldn't let me join on the sites to play for real money cause it needed an id. If I was 14 in 2016 I would just use Bitcoin and have some fun in poker playing for real money, and even spin some on the slots. I could have made a lot of money back then but they wouldn't let play. Imagine being in high school and making money with poker, it would have been so cool but I was stuck with my parents small time cash pay :p

Yeah, that's the advantage because you are anonymous, but the negative side of it is when a minors will be addicted with gambling if would probably ruin one's life. My experience with betting using bitcoin for years now has been spectacular, I was able to bet regardless of limit even with our country is ban from participating through gambling in betting sites. Betting at a different site is great and so I hope and very positive that more gambling sites will be establish in the future.

I think if they provide some techniques through which they will filter out the kids from gambling then after that there will be no any problem remain with bitcoin in those gambling sites

goldcoinminer

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Quote from: thejaytiesto on April 23, 2016, 01:46:09 PM

Quote from: maku on April 22, 2016, 02:12:22 AM

It is funny how most countries has very strict laws against online gambling or don't allow people to gamble online at all.
And it is quite possible to monitor if people are using FIAT. After all bank transfers, debit/credit cards and Paypal - all these methods can be associated with your ID.
With bitcoin it is a lot harder to track you or even tell if you are gambling online or not. And that is the reason behind BTC gambling boom.

Actually this raises a good point, another good advantage for Bitcoin will be that if you are not an adult you can still gamble with your money anyway.
I remember when I was a kid like 14 or something, I was in highschool and I wanted to play some poker on the internet, but the fuckers wouldn't let me join on the sites to play for real money cause it needed an id. If I was 14 in 2016 I would just use Bitcoin and have some fun in poker playing for real money, and even spin some on the slots. I could have made a lot of money back then but they wouldn't let play. Imagine being in high school and making money with poker, it would have been so cool but I was stuck with my parents small time cash pay :p

Yeah, that's the advantage because you are anonymous, but the negative side of it is when a minors will be addicted with gambling if would probably ruin one's life. My experience with betting using bitcoin for years now has been spectacular, I was able to bet regardless of limit even with our country is ban from participating through gambling in betting sites. Betting at a different site is great and so I hope and very positive that more gambling sites will be establish in the future.

thejaytiesto

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Quote from: maku on April 22, 2016, 02:12:22 AM

It is funny how most countries has very strict laws against online gambling or don't allow people to gamble online at all.
And it is quite possible to monitor if people are using FIAT. After all bank transfers, debit/credit cards and Paypal - all these methods can be associated with your ID.
With bitcoin it is a lot harder to track you or even tell if you are gambling online or not. And that is the reason behind BTC gambling boom.

Actually this raises a good point, another good advantage for Bitcoin will be that if you are not an adult you can still gamble with your money anyway.
I remember when I was a kid like 14 or something, I was in highschool and I wanted to play some poker on the internet, but the fuckers wouldn't let me join on the sites to play for real money cause it needed an id. If I was 14 in 2016 I would just use Bitcoin and have some fun in poker playing for real money, and even spin some on the slots. I could have made a lot of money back then but they wouldn't let play. Imagine being in high school and making money with poker, it would have been so cool but I was stuck with my parents small time cash pay :p

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: tn211 on April 23, 2016, 11:58:56 AM

Quote from: 00lakhwinder00 on April 23, 2016, 06:02:52 AM

You could multiply bet as low as 1000 sat (.004$) to .5 bitcoin (200$) instantly*, that's what drives people crazy.

* depends greatly on your luck.

Well it is luck based so in this case where the odds are not in your favor you are likely to lose.

But saying that it is exploding while nothing really big has happened is naive. There is a growth sure... but an explosion? Come on really.

technically it is possible to get a lot of money even with claiming faucet, especially in some of those dice sites that allow some huge multipliers if you set to the biggest amount and get lucky you can earn a lot without even investing.

tn211

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Quote from: 00lakhwinder00 on April 23, 2016, 06:02:52 AM

You could multiply bet as low as 1000 sat (.004$) to .5 bitcoin (200$) instantly*, that's what drives people crazy.

* depends greatly on your luck.

Well it is luck based so in this case where the odds are not in your favor you are likely to lose.

But saying that it is exploding while nothing really big has happened is naive. There is a growth sure... but an explosion? Come on really.

fullypak

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Quote from: jtalk on April 23, 2016, 05:53:52 AM

Bitcoin opened new opportunities for online casinos owners.There were some owners who quickly realize that is good to embrace Bitcoin and already have made their mark in gambling filed.There is still lot of potential as Bitcoin is offering multiple problem's solution which traditional ways can't.Bitcoin gambling has great future because of the innovation and easiness.

As of today bitcoins become so much popular only because of online gambling otherwise in other fields bitcoins are not used that extent. Gambling industry is quite big and online gambling will be very convenient for many gambling and until now only problem was how to manage funds unanimously and now bitcoin has given that freedom for all these gamblers. I think, surely this industry will grow even more.

00lakhwinder00

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You could multiply bet as low as 1000 sat (.004$) to .5 bitcoin (200$) instantly*, that's what drives people crazy.

* depends greatly on your luck.

jtalk

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Bitcoin opened new opportunities for online casinos owners.There were some owners who quickly realize that is good to embrace Bitcoin and already have made their mark in gambling filed.There is still lot of potential as Bitcoin is offering multiple problem's solution which traditional ways can't.Bitcoin gambling has great future because of the innovation and easiness.

crytoboost

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Bitcoin will be the most love crypto currency because it is easy to use without any restriction and we play on any bitcoin related gambling stay anonymous, it cares about our privacy and that kind of gambling don't ask for personal documents to get paid, it is just beginning soon it will be only way to gamble online.

Erza

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Quote from: Bagus Tubagus on April 22, 2016, 04:37:43 AM

But is it possible to make legal casino and accepting only bitcoins?

It depends on yourselves whether you dare to open it or not. May be if you can start from small to attract more people, and gradually make it bigger and bigger. But what I know there is no offline casino that accept bitcoin yet out there

goldcoinminer

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Quote from: thejaytiesto on April 22, 2016, 05:52:31 PM

Quote from: praprata on April 22, 2016, 05:36:08 PM

Quote from: naidray on April 22, 2016, 04:25:28 PM

Quote from: BertMan on April 19, 2016, 10:20:03 AM

The main appeal for me is not having to pay withdrawal fees. It's total BS that a gambling company would charge me to take out my winnings, and also make me wait for days to get it back.

Yes it is a problem to everyone and which is of high concern, the withdrawal fees of these casino sites are much high, and in that case the members are unable to play with small amounts, as with that amount amount if the win, they are lost in the withdrawal fees.

Depositing is no problem, but when you want to take profit and cash out they make you really pay for it. Hope this will change.
Most people don't expect it and they won't come back to that casino.

Well the casinos have to make profit, otherwise they wouldn't be able to pay for the stuff, at least in the begining, once the casino starts getting a lot of traffic maybe having a fee to withdraw is overkill, but most casinos that aren't Bitcoin related also apply fees so I don't know about this changing any time soon.

It's not most, it's all of the casinos have to make profit because that is their only main goal in operating a business. They have the house advantage so the odds is favorable to them. Although majority of the gamblers already know that the house has an edge but they still play due to the excitement they get from gambling plus in using bitcoin they found an ease in the online gambling that would bypass any restrictions.

thejaytiesto

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Quote from: praprata on April 22, 2016, 05:36:08 PM

Quote from: naidray on April 22, 2016, 04:25:28 PM

Quote from: BertMan on April 19, 2016, 10:20:03 AM

The main appeal for me is not having to pay withdrawal fees. It's total BS that a gambling company would charge me to take out my winnings, and also make me wait for days to get it back.

Yes it is a problem to everyone and which is of high concern, the withdrawal fees of these casino sites are much high, and in that case the members are unable to play with small amounts, as with that amount amount if the win, they are lost in the withdrawal fees.

Depositing is no problem, but when you want to take profit and cash out they make you really pay for it. Hope this will change.
Most people don't expect it and they won't come back to that casino.

Well the casinos have to make profit, otherwise they wouldn't be able to pay for the stuff, at least in the begining, once the casino starts getting a lot of traffic maybe having a fee to withdraw is overkill, but most casinos that aren't Bitcoin related also apply fees so I don't know about this changing any time soon.

praprata

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Quote from: naidray on April 22, 2016, 04:25:28 PM

Quote from: BertMan on April 19, 2016, 10:20:03 AM

The main appeal for me is not having to pay withdrawal fees. It's total BS that a gambling company would charge me to take out my winnings, and also make me wait for days to get it back.

Yes it is a problem to everyone and which is of high concern, the withdrawal fees of these casino sites are much high, and in that case the members are unable to play with small amounts, as with that amount amount if the win, they are lost in the withdrawal fees.

Depositing is no problem, but when you want to take profit and cash out they make you really pay for it. Hope this will change.
Most people don't expect it and they won't come back to that casino.

naidray

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Quote from: BertMan on April 19, 2016, 10:20:03 AM

The main appeal for me is not having to pay withdrawal fees. It's total BS that a gambling company would charge me to take out my winnings, and also make me wait for days to get it back.

Yes it is a problem to everyone and which is of high concern, the withdrawal fees of these casino sites are much high, and in that case the members are unable to play with small amounts, as with that amount amount if the win, they are lost in the withdrawal fees.

Red-Apple

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Quote from: Karartma1 on April 22, 2016, 12:52:56 PM

Quote from: shanem on April 22, 2016, 11:39:34 AM

Quote from: rickadone on April 22, 2016, 10:04:38 AM

Quote from: teilwalL05 on April 19, 2016, 09:02:16 AM

Quote from: ahmedjamal1998 on April 19, 2016, 05:34:31 AM

This was really expected to happen because btc is can't be traced. So no verification and stuff just play and have fun. Grin

Yup! and that is the probable reason why some people are jumping in the band wagon in playing gambling because of what bitcoin does and the number of gambling sites now are tons and lots of them out their.

Yes, bitcoin has put a positive effect on the gambling site owners, before bitcoin there were a less number of online casinos and when the technology of bitcoin introduced, a large number of community came there to join those sites and so the number of casinos increased.

Before bitcoin, you need some form of verification before you can withdraw fiat from most online casinos. After bitcoin was introduced, users do not need to give their personal information and can bet online anonymously. This is a huge advantage as many people don't feel comfortable sharing their personal information online.

I think that's the best thing about it. Why do we have to disclose so much information about us online. There are people paid for that, looking for our data everywhere online and offline.
I want to be a nobody on the internet.

that is a never-ending battle between the users and the government about privacy i usually read some info articles by mozilla and other articles on the internet, it is a pretty interesting field. bitcoin is one of the best tools for reaching that level of privacy on the internet that we want.

Karartma1

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Quote from: shanem on April 22, 2016, 11:39:34 AM

Quote from: rickadone on April 22, 2016, 10:04:38 AM

Quote from: teilwalL05 on April 19, 2016, 09:02:16 AM

Quote from: ahmedjamal1998 on April 19, 2016, 05:34:31 AM

This was really expected to happen because btc is can't be traced. So no verification and stuff just play and have fun. Grin

Yup! and that is the probable reason why some people are jumping in the band wagon in playing gambling because of what bitcoin does and the number of gambling sites now are tons and lots of them out their.

Yes, bitcoin has put a positive effect on the gambling site owners, before bitcoin there were a less number of online casinos and when the technology of bitcoin introduced, a large number of community came there to join those sites and so the number of casinos increased.

Before bitcoin, you need some form of verification before you can withdraw fiat from most online casinos. After bitcoin was introduced, users do not need to give their personal information and can bet online anonymously. This is a huge advantage as many people don't feel comfortable sharing their personal information online.

I think that's the best thing about it. Why do we have to disclose so much information about us online. There are people paid for that, looking for our data everywhere online and offline.
I want to be a nobody on the internet.

shanem

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Quote from: rickadone on April 22, 2016, 10:04:38 AM

Quote from: teilwalL05 on April 19, 2016, 09:02:16 AM

Quote from: ahmedjamal1998 on April 19, 2016, 05:34:31 AM

This was really expected to happen because btc is can't be traced. So no verification and stuff just play and have fun. Grin

Yup! and that is the probable reason why some people are jumping in the band wagon in playing gambling because of what bitcoin does and the number of gambling sites now are tons and lots of them out their.

Yes, bitcoin has put a positive effect on the gambling site owners, before bitcoin there were a less number of online casinos and when the technology of bitcoin introduced, a large number of community came there to join those sites and so the number of casinos increased.

Before bitcoin, you need some form of verification before you can withdraw fiat from most online casinos. After bitcoin was introduced, users do not need to give their personal information and can bet online anonymously. This is a huge advantage as many people don't feel comfortable sharing their personal information online.

rickadone

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Quote from: teilwalL05 on April 19, 2016, 09:02:16 AM

Quote from: ahmedjamal1998 on April 19, 2016, 05:34:31 AM

This was really expected to happen because btc is can't be traced. So no verification and stuff just play and have fun. Grin

Yup! and that is the probable reason why some people are jumping in the band wagon in playing gambling because of what bitcoin does and the number of gambling sites now are tons and lots of them out their.

Yes, bitcoin has put a positive effect on the gambling site owners, before bitcoin there were a less number of online casinos and when the technology of bitcoin introduced, a large number of community came there to join those sites and so the number of casinos increased.

teilwalL05

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Quote from: goldcoinminer on April 22, 2016, 04:59:07 AM

Quote from: teilwalL05 on April 22, 2016, 04:38:42 AM

Quote from: hua_hui on April 20, 2016, 11:53:51 AM

yah, and the government would be hard to track you. Imagine you manage to win a huge sum but there is no way you can get it cash out as the government does support such activities. So betting in btc is a way to bypass that and you still can hide your winnings from the government.

Yeah Your Absolutely right and that is the exact reason why many casino players are getting to bitcoin because of this kind of a bypass thing and I don't mean any of them will surely like to cheat the government of the whereabouts of your money!

The government here is a big cheat, they want to invade our privacy, it's a good thing that bitcoin was discovered cause it benefits majority of the people who wants to hide their personal identity when gambling online.

Yup! that is why they want to know the secret of satoshi and who really satoshi is, they are coming up on a plan to get a hands on obtaining bitcoin all by themselves to control it's currency and make it their own, whew! at least satoshi has big brains than them and has a security that almost the government can't reach!

Topic: Bitcoin Gambling is Exploding - page 21. (Read 18072 times)