Bitcoin Gambling is Exploding - page 22.

goldcoinminer

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Quote from: teilwalL05 on April 22, 2016, 03:38:42 AM

Quote from: hua_hui on April 20, 2016, 10:53:51 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.

teilwalL05

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Quote from: hua_hui on April 20, 2016, 10:53:51 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!

Bagus Tubagus

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

NewInCryptoCurrency

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You see indeed that Bitcoin gambling is getting more popular and the main reason is that Bitcoin is also getting more used and that is quite good also for gambling and that is why.
Around this time people are making Bitcoin more acceptable and that is quite nice for people who are using Bitcoin as their payment method.

maku

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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.

Zooplus

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Quote from: smho_16 on April 20, 2016, 01:51:31 PM

Anonymity is the best reason why this Bitcoin gambling is truly exploding, no one likes to give important details of their life to a gambling or sportsbook company. By using bitcoin, you can bypass verification and be happily playing anonymously.

This is really right, we play gambling using coins because of privacy. We can hide our true identity so the government cannot go after us. If we win we don't pay taxes because for sure we will not report it as part of our income.

smho_16

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Anonymity is the best reason why this Bitcoin gambling is truly exploding, no one likes to give important details of their life to a gambling or sportsbook company. By using bitcoin, you can bypass verification and be happily playing anonymously.

hua_hui

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Quote from: teilwalL05 on April 20, 2016, 08:47:07 AM

Quote from: adomers on April 20, 2016, 06:56:30 AM

Quote from: teilwalL05 on April 20, 2016, 06:45:15 AM

Quote from: ultimatesky on April 20, 2016, 05:29:34 AM

The bitcoin is a good currency for gambling websites, because its safe,fast, and controllable.
I think gambling will only get bigger with the bitcoin and that would also be pretty sweet for us all, it will get more attention.

I Think Is is already Began people are now beginning to embrace bitcoin all over the world but there are still some people that are still unknown over bitcoin because the popularity of bitcoin other people doesn't really care about it because to them bitcoin is very difficult to understand to some!

People are getting to know Bitcoin because of gambling. People who gamble are tuning in with Bitcoin because they see that you can pay with Bitcoin.

And I think that some players think that bitcoin is a best payment than fiat or real cash, because of it's security and anonymity you can pay through directly and online and you can even play at the comfort of your home!

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.

teilwalL05

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Quote from: adomers on April 20, 2016, 06:56:30 AM

Quote from: teilwalL05 on April 20, 2016, 06:45:15 AM

Quote from: ultimatesky on April 20, 2016, 05:29:34 AM

The bitcoin is a good currency for gambling websites, because its safe,fast, and controllable.
I think gambling will only get bigger with the bitcoin and that would also be pretty sweet for us all, it will get more attention.

I Think Is is already Began people are now beginning to embrace bitcoin all over the world but there are still some people that are still unknown over bitcoin because the popularity of bitcoin other people doesn't really care about it because to them bitcoin is very difficult to understand to some!

People are getting to know Bitcoin because of gambling. People who gamble are tuning in with Bitcoin because they see that you can pay with Bitcoin.

And I think that some players think that bitcoin is a best payment than fiat or real cash, because of it's security and anonymity you can pay through directly and online and you can even play at the comfort of your home!

FrueGreads

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Quote from: BitsandBites on April 20, 2016, 08:38:53 AM

This is a great thing for Bitcoin and gambling. Being able to play at online gambling sites and use Bitcoin is leading them to success. Hopefully with this they are able to attract more people to there platform.

Totally agree with you, and that will be the same for other coins in my opinion. If a lot of sites start using alt coins, they will probably become more reliable and increase their value.

BitsandBites

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This is a great thing for Bitcoin and gambling. Being able to play at online gambling sites and use Bitcoin is leading them to success. Hopefully with this they are able to attract more people to there platform.

beduku22

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Quote from: jakelyson on April 20, 2016, 07:35:47 AM

Quote from: Lokfar on April 19, 2016, 04:00:14 AM

Bitcoin and gambling can works well together and as you can see now you see also that Bitcoin is getting more popular and more used so that is nice for the currency itself.
Only people around this time are now also realizing that gambling is bad to do so people will not spend that much money now on gambling.

Gambling is like a sickness you can't cure. Even if the gambler knows that it is bad, he will still do it. He will still spend bitcoins to play and gamble. It is bad but it is good for the currency as you said. So in effect, we must thanks the gamblers for making bitcoin stronger.

Sooner or later almost every online gambling casino or site will have to adopt Bitcoin payments. Bitcoin gambling is future of online betting sites.

jakelyson

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Quote from: Lokfar on April 19, 2016, 04:00:14 AM

Bitcoin and gambling can works well together and as you can see now you see also that Bitcoin is getting more popular and more used so that is nice for the currency itself.
Only people around this time are now also realizing that gambling is bad to do so people will not spend that much money now on gambling.

Gambling is like a sickness you can't cure. Even if the gambler knows that it is bad, he will still do it. He will still spend bitcoins to play and gamble. It is bad but it is good for the currency as you said. So in effect, we must thanks the gamblers for making bitcoin stronger.

DimensionZ

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Shit, did I leave the stove on?

I prefer Bitcoin sportsbetting to fiat sportsbetting because I like to be anonymous with my withdrawals and don't need to provide any identification. Even though the odds are lower sometimes being incognito is more important than the profit for example if online gambling is regulated in your country or you need to keep your activities secret from your family or the bank.

adomers

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Quote from: teilwalL05 on April 20, 2016, 06:45:15 AM

Quote from: ultimatesky on April 20, 2016, 05:29:34 AM

The bitcoin is a good currency for gambling websites, because its safe,fast, and controllable.
I think gambling will only get bigger with the bitcoin and that would also be pretty sweet for us all, it will get more attention.

I Think Is is already Began people are now beginning to embrace bitcoin all over the world but there are still some people that are still unknown over bitcoin because the popularity of bitcoin other people doesn't really care about it because to them bitcoin is very difficult to understand to some!

People are getting to know Bitcoin because of gambling. People who gamble are tuning in with Bitcoin because they see that you can pay with Bitcoin.

teilwalL05

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Activity: 980

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Quote from: ultimatesky on April 20, 2016, 05:29:34 AM

The bitcoin is a good currency for gambling websites, because its safe,fast, and controllable.
I think gambling will only get bigger with the bitcoin and that would also be pretty sweet for us all, it will get more attention.

I Think Is is already Began people are now beginning to embrace bitcoin all over the world but there are still some people that are still unknown over bitcoin because the popularity of bitcoin other people doesn't really care about it because to them bitcoin is very difficult to understand to some!

ultimatesky

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SkyFall

The bitcoin is a good currency for gambling websites, because its safe,fast, and controllable.
I think gambling will only get bigger with the bitcoin and that would also be pretty sweet for us all, it will get more attention.

teilwalL05

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Activity: 980

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Quote from: trafficolaa on April 20, 2016, 04:52:33 AM

Bitcoin is the future of the gambling and there are so many reasons because it gives freedom and no need to submit any personal documents to get paid from bitcoin related gambling site, anonymity is very attractive for most of the people and people like to play on gambling site with bitcoin.

Yup! anonymity is the top reason that I have been thinking why bitcoin gambling is now becoming popular and I think it will continue because of the coming halving and many people are getting ready for it and they would love to see their bitcoin increase it's value by trading and stocking!

trafficolaa

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Bitcoin is the future of the gambling and there are so many reasons because it gives freedom and no need to submit any personal documents to get paid from bitcoin related gambling site, anonymity is very attractive for most of the people and people like to play on gambling site with bitcoin.

teilwalL05

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Quote from: Icathia on April 19, 2016, 10:15:50 AM

Quote from: teilwalL05 on April 19, 2016, 08:02:16 AM

Quote from: ahmedjamal1998 on April 19, 2016, 04:34:31 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.

Bitcoin itself is indeed also getting more popular and that is because the value is also becoming higher soon and people are making Bitcoin more acceptable so that is nice.
And Bitcoin and gambling can works well together because you can pay easily online and that is nice.

Yes that is definitely one of the thing that are a lot of people using bitcoin other than many gamblers are choosing gambling sites as their great source of fun and income, and bitcoin gambling is very easy to use, easy access in the internet and very easy to google when you need a different game to play.

Topic: Bitcoin Gambling is Exploding - page 22. (Read 18086 times)