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Topic: Can the online Casino industry help Bitcoin? - page 6. (Read 737 times)

jr. member
Activity: 443
Merit: 5
Gamble Responsibly
Casino? Bitcoin? Only if they cooperate and receive profits from losses in the casino by bitcoins, which is ridiculous.

Well if we look on it from a player perspective, some of the new crypto casinos offers cashback on losses.
full member
Activity: 336
Merit: 102
I dont think that casinos can help the to get a better image for cryptocurrencies. Cryptocurrencies and Bitcoin has a very bad image thanks to the mainstream media. So casinos also have a bad image. If the online casino now supportings cryptocurrencies, it wouldnt helpt bitcoin to get a better image. Of course online casinos are a huge market, and if they go on for cryptocurrencies, it would help to make it more popular, but the image wouldnt be better.
full member
Activity: 952
Merit: 104
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So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

Casino that uses bitcoin helps the demand rises due to daily usage of bitcoin. Online casino is a big contributor for the success of bitcoin in the community. Though only the rich can afford to invest and play in online casino, the lower bracket of the society will hope for it to flurish and make tge price of bitcoin rise higher.
jr. member
Activity: 154
Merit: 1
Casino? Bitcoin? Only if they cooperate and receive profits from losses in the casino by bitcoins, which is ridiculous.
jr. member
Activity: 308
Merit: 5
So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

I think it will help significantly, online casinos which are accepting bitcoin have great power.
member
Activity: 266
Merit: 10
well it is possible because a gambler will buy bitcoin to do gambling, and the price will roll
sr. member
Activity: 700
Merit: 350
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Well the "partnership" between casino industry and bitcoin is not new, and they definitely work well together. To be honest, since we still don't have many merchants using bitcoin, the only well established bitcoins industries are trading and gambling. They look like a perfect match, and it wouldn't surprise me to see the online gambling industry increasing it's bitcoin offers. Of course that if regulation starts going strong on crypto casinos as well, then it's big advantage vs fiat (anonymity) will somehow decrease.
sr. member
Activity: 602
Merit: 255
So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

Not only casino ,many sectors start to accept the bitcoin.So this will impact the price for sure.Do you know KFC,Amazon start to accept the bitcoin as a payment.Now new stone is added to the bitcoin crown.By this the price of bitcoin will reach the huge value.
sr. member
Activity: 630
Merit: 253
So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.


Yes, it will make cryptos more popular, as there are a lot of players all around the world, so it will definitely work, demand will rise, so it will affect the price.
jr. member
Activity: 443
Merit: 5
Gamble Responsibly
Some of the really big American online casinos have started accepting bitcoin and other cryptocurrencies because the credit card companies tend to block deposits to casinos.

In the early days (2011 - 2013) people gambled quite a lot with bitcoin. These days they hoard their bitcoin and gamble with litecoin or doge as they arn't psychologically afraid to lose those coins.

Yes, some of the biggest "bitcon casinos" is actually bases in US , but also in Scandinavia, Europe, Russia and asia, the start to pop up now.
I know for a fact that the fast payout attract a lot of players from Europe, also some gamblers see a potential in much bigger winnings...This is how one player describe it for me,

- If i win 0.5 BTC today, it can be so much more worth in a couple of months, then if i won the same amount in USD or Euros....

this is how gamblers think:) but this is why i also think that the players will start to play more in crypto casinos 2018.
legendary
Activity: 1652
Merit: 1088
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Some of the really big American online casinos have started accepting bitcoin and other cryptocurrencies because the credit card companies tend to block deposits to casinos.

In the early days (2011 - 2013) people gambled quite a lot with bitcoin. These days they hoard their bitcoin and gamble with litecoin or doge as they arn't psychologically afraid to lose those coins.
member
Activity: 224
Merit: 10
So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

Yes I also knew several projects that involve casino coins. Its online casino wpthat uses their coins to play. After that you can buy their coins in eitheir bitcoin or ethereum. It is the new trends now. I believe this will help bitcoin become more in demand in the industry. Also, rich people will continue to use and invest in bitcoin.
hero member
Activity: 658
Merit: 505
I'm not so sure. At first bitcoin was often related as a currency tied to gambling and illegal activities so that gave it a bad reputation.
After that a lot of efforts has been done for bitcoin to get the status that deserves and for people to see how many other opportunities bitcoin can give. So if you ask me I would say that online casinos are defienetely not the best way how to promote bitcoin and this will not effect it in some significant positive way.
legendary
Activity: 3038
Merit: 1169
Back then there was only mining to gain bitcoin but as for gambling was introduce it became very popular because even if your at home you can play gambling, and the transaction of chips to play are now digital or using bitcoin you can play a bet, And now that many Cryptocurrencies were introduce there are many coins that you would choose and gain it when you win in a bet, It surely pump the value of bitcoin back then because gambling was ever since popular then they apply bitcoin to it, It became a success.
member
Activity: 560
Merit: 13
If the bitcoin will use as the convertion of token or chips in the online casino then it may help to boost the bitcoin price. Since a lot of people are always want to gamble, it has the possibility for the bitcoin to use as the exchange of the chips. And if it will happens, the demand of bitcoin will move up and it will result for the increasing of the bitcoin's price.
member
Activity: 364
Merit: 10
this bitcoin can not help the casino industry because bitcoin investor loses online and loses interest in bitcoin so bitcoin users and investors are overtaken and its price drops and at any time no good will be available gambling.
full member
Activity: 280
Merit: 100
So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

I think yes gamble is so addictive lots of people are going to use bitcoin as payment for gambling, if that happens then lots of gamblers will buy bitcoins and it will help to inflate the bitcoin value. I think the online casino will help but it will not give that huge impact on bitcoin market, not all people are in at the online casino, not all people like gambling but most of the people who gamble at the online casino have very large holdings at bitcoin.
member
Activity: 322
Merit: 10
I dont think that online casino industry help bitcoin because most of the players end up lossing and I think  its not fair unlike in the actual casino.Many people lose there bitcoin because of being addict in casino so I dont think it really help the bitcoin industry.
member
Activity: 168
Merit: 10
Yes, i think, because I saw more gambling ICO now and I think they will help  and support bitcoin community. But it depends, many people now are addicted to the casino so I think if they adopt bitcoin this will be as good idea.
sr. member
Activity: 588
Merit: 257
Online casino and other types of gambling shit is always robbing your wallets and I am not sure how they can help grow the economy of the bitcoin. I mean the economy, a healthy one can be achieved if there is always two way transactions between house and player. Mostly in gambling the thing runs on the luck and how easy the algorithm is. We know very well that we always end up loosing in front of the house because that is how it works. If this keeps going on unidirectional then crypto might not circulate properly and the casinos may get their wallets fat and fat all the time. I dont think that is helping the bitcoin in anyway. Im believer of liquid capitals and when the capital get condensed at one place then it disturbs the rest of the market.
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