Topic: BTC Halving and its effect on gambling - page 3. (Read 598 times)
Well, gambling site owners will be happy if there is a massive growth of crypto gambler but it seems to be unfortunate knowing that halving never has that instant effect on the market. It might @swogerino is right about his speculations and that to see the market in bullish next year. And we can also expect that its effect on the gambling (if there is any) will be next year.
We'll have to wait for a few months before we can see the impact but anywhere we look at it at our current situation, online gambling is going to benefit it since there are no casinos open at this pandemic and Cryptocurrency is moving forward in adoption, online gambling casinos has a good future and everyone is struggling for a share of the market.
That was the speculation, but we can't tell for certain. If it goes above 5 digits again then good for us.
If the price goes above 5 digits, it is hard to attract the casual investors and if the price goes to those valuation in a short period then the fall will be that huge. We have seen those rallies in the past and we know how the market usually holds up once the selling starts.On the contrary, there maybe some bitcoin gamblers who will choose to hold on their bitcoin unless you are really a whale or big time bitcoin gambler. For average Joe, I'm sure they will have seconds thoughts of playing their hard earn BTC, just saying.
I was always curious about this situation but in the last rally i have seen high rollers in gambling sites but the real statistics can be known only if a gambling site produces those pre rally and post rally statistics. Casual gamblers like me used to look for cheaper coins to gamble and very few sites had multiple deposit options when the market rallies and now most of the sites have multiple deposit options.
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Here is my simple logic why bitcoin price may surge in the end of 2021.
Good post, I have a very similar theory but I wouldn't exactly say we have to wait for the end of 2021. I'll just expect bullish action and some pullbacks to be occurring all through 2021, my label for 2020 was neutral in some total. I did not anticipate this virus and the excess volatility but the fact we bounce back just as hard is not a great surprise. It will be the case once again this year that people expect too much and we will pull back, I believe we wont stray too far from 10k this year and then next find greater development.
The halving itself takes time, its a cake baking not icing ready made to eat like its immediate. Dont expect too much too soon, so far as gambling a bullish BTC price probably does encourage interest but I do hope the market manages to steady itself to allow people to join and not too sudden a rise; I view this as negatively as a sudden fall personally.
BTC halving would definitely have a significant change to the Cryptocurrency gambling industry especially with the halving event many people including non crypto users would want to include themselves to the hype and will create FOMO to buy BTC and cryptocurrency thus leading more players to online casino's.
I was thinking that isn't now more players who used to gamble with btc may either switch to fiat or may be to some other altcoins as due to halving the supply will now reduce, the demand if rises will lead to rise in price an in gambling losing out chances is higher to why to lose out the precious btc instead it could be done with fiat or altcoins. So people may save btc now more than before.
An opportunity.
Not a fairy tale. Those things are already happening but not just in great heights.
Gaming industry, I want to see more of this.
There are still few that wants innovation.
Gambling industry is already in there. We cannot count them anymore in our fingers, hands and feet.
I don't know about the boom in their industry though. It will still depend if they are ready.
Not a fairy tale. Those things are already happening but not just in great heights.
Gaming industry, I want to see more of this.
There are still few that wants innovation.
Gambling industry is already in there. We cannot count them anymore in our fingers, hands and feet.
I don't know about the boom in their industry though. It will still depend if they are ready.
BTC halving would definitely have a significant change to the Cryptocurrency gambling industry especially with the halving event many people including non crypto users would want to include themselves to the hype and will create FOMO to buy BTC and cryptocurrency thus leading more players to online casino's.
What are you talking about? The halving is done already and we are waiting for the 4th halving now. What date of writing did you do and you just post this now?
There's currently a sideways market before and after halving. I don't think there's a direct correlation towards halving and gambling itself but only towards what it could do with the Bitcoin price. But as you can see, nothing big has happened with the price except for the dump from 9k to 8k.
Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]
There's currently a sideways market before and after halving. I don't think there's a direct correlation towards halving and gambling itself but only towards what it could do with the Bitcoin price. But as you can see, nothing big has happened with the price except for the dump from 9k to 8k.
I don't think halving is as attractive news for people who are not familiar with crypto. The halving would also not have any direct and immediate effect on gambling industry as the price range remains the same so are other nature of transactions. With a large number of coins on supply and very few left to mine, we would start seeing what the final nature of bitcoin would look like.
Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]
That was the speculation, but we can't tell for certain. If it goes above 5 digits again then good for us.
A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.
On the contrary, there maybe some bitcoin gamblers who will choose to hold on their bitcoin unless you are really a whale or big time bitcoin gambler. For average Joe, I'm sure they will have seconds thoughts of playing their hard earn BTC, just saying.
As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.
Looks like a fairytale for you? Share your thoughts
Looks like a fairytale for you? Share your thoughts
It's also happening, but it's possible that we will see another growth in crypto gaming specially that the pandemic is still a problem. We can't go out and play in physical casinos so plausible that some of them are shifting to online gaming to continue habit.
2016 halving didn't do difference in the gambling business. Gamblers will never change their habit unless they are already dedicated to stop. The gambling industry is still booming and while we are in the pandemic crisis, other local gamblers see this as an alternative while being locked down.
There's more effect to the price and value of bitcoin per se but to the gambling institutions that's already established, I don't think that there will be much effect for them if it's for their operation.
There's more effect to the price and value of bitcoin per se but to the gambling institutions that's already established, I don't think that there will be much effect for them if it's for their operation.
Is iGaming the name of gaming/betting company, some kind betting services or hub for casinos? Well, I don't really know much about it ... seen it on the gambling sections couple of times though. Guess it's fairly known in in betting world.
There is no influence of halving to influence gambling because many people expect halving to occur because they want a soaring increase that moment too, but for gambling there has been no influence on bitcoin now many gambling platforms have provided crypto easily even other large altcoins too, for Dapps it is clear that a lot has been developed because this will make it easier for gamblers with its access, iGaming will be very liked with a very new look because that's what is sought for gamblers.
I guess the effect will not have too big for gambling industry because the gambling games are not just used bitcoin to place the bet, but the gambling games can use the other crypto. But if you ask about how its effect on the market, it seems, it does not give the effect right now, but perhaps, it will happen in the next months. I think right now, the price is still adjustable with what happens in the market, and seems, now the market is at a stable moment.
But I agree that the effect of bitcoin halving on the gambling industry will be much new gambling site release soon because many people want to try to make money from crypto. They think that crypto is a new technology, and now become booming in out there. People who stay at home will often to see the advertisement about crypto gambling website so that they can attract more people to come to the crypto.
But I agree that the effect of bitcoin halving on the gambling industry will be much new gambling site release soon because many people want to try to make money from crypto. They think that crypto is a new technology, and now become booming in out there. People who stay at home will often to see the advertisement about crypto gambling website so that they can attract more people to come to the crypto.
I don't think if halving will really effect to gambling, because halving usually correlations about the price only. Since the bitcoin is in bullish and get attention, then many newcomer/newbies will search about bitcoin and how to earn it. And most of them probably want to earn in free only, so they will prefer faucets or micro task.
I would say this year is the great moment for many online casino if you want to get more traffic, because many people is boring and stuck in home only (lockdown). Gambling is the one choice to fill up free time they have when stuck in home, below is the proof
I would say this year is the great moment for many online casino if you want to get more traffic, because many people is boring and stuck in home only (lockdown). Gambling is the one choice to fill up free time they have when stuck in home, below is the proof
Quote from: https://www.chroniclelive.co.uk/news/north-east-news/concern-lockdown-leading-increase-online-18125575
Mr Holden said: "There is already evidence that with people at home due to the coronavirus lockdown online problem gambling is on the rise.
Literally halving will not have any effect on gambling even in long run. I mean halving is known for triggering stronger bull run but gamblers prefer gambling with bitcoin regardless of bitcoin's price value. When gamblers keep on ignoring whatever value of bitcoin, I guess the halving will not impact on gambling industry.
In some other topic, people have mentioned about bitcoin as their most preferred cryptocurrency to gamble with. So, we cannot expect any big differences in gamblers' preferences on using bitcoin for their gambling until bitcoin will be having a new ATH. I mean when bitcoin will be valuing something very big and people start worshiping holding bitcoin then probably gamblers will start looking for some other cryptocurrency for their gambling. But, I do see very less chances for such changes among gamblers.
In some other topic, people have mentioned about bitcoin as their most preferred cryptocurrency to gamble with. So, we cannot expect any big differences in gamblers' preferences on using bitcoin for their gambling until bitcoin will be having a new ATH. I mean when bitcoin will be valuing something very big and people start worshiping holding bitcoin then probably gamblers will start looking for some other cryptocurrency for their gambling. But, I do see very less chances for such changes among gamblers.
Here is my simple logic why bitcoin price may surge in the end of 2021.
In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.
Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.
In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.
Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.
Though there may be new casino operators joining this business but even without this halving, you can already see a lot of online casinos being launched every day. And with this pandemic still on the horizon, many are taking advantage to put up their online casinos as most physical casinos are still closed and a lot are stuck in their homes (wherein, some of them want to play online gambling). But yes, with the growing popularity of crypto because of this halving and other matters, many operators will really be tempted to develop their online casinos.
Here is my simple logic why bitcoin price may surge in the end of 2021.
In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.
Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.
In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.
Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.
yes its a mere fairy tail for now because most of you wish list are literally on wish yet but dont worry because i know that they can be achieve in the near future . look around you , crypto is now popular as well as crypto casinos however i dont think price surge will attract more people to join crypto gambling but the first thing that people will do is to get involved to earn a profit . eventually when they got more experience they may try new things such as crypto gambling just like what happen to me before .
Tap of what? doing promotion for these events? well maybe they get a new player but apparently there's no correlative relation you can get with casino's since for sure the people will focus to see on halving together with bitcoins and the only benefits will get by the casino's is they will earn big money from pumps brought by halving if they have stock some bitcoins on their hot wallets.
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