Corona virus (COVID19) Effect in Cryptocurrency Gambling

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Quote from: Sadlife on May 20, 2020, 09:01:08 AM

Online businesses such as gambling will definitely have a huge impact in revenue because people will be unable to use money and to go outside cause they might get infected or be transmitted with the virus using tangible paper money even discover Cryptocurrencies and how it is excellent in terms of speed and security.

Nope.. from what I have seen, till now cryptocurrency has got very little benefit from the ongoing COVID 19 pandemic. I would say that the overall impact has been negative. Exchange rates have gone down during the last couple of months, despite the block reward halving which kicked in just a few days ago. This is perhaps the first time that the market didn't got any boost from the block reward halving event.

LogitechMouse

legendary

Activity: 2422

Merit: 1036

Chancellor on brink of second bailout for banks

Their revenue drops this First Quarter and it will be the same on the Second Quarter of the year because of the virus.

Because of it, the number of gamblers who are gambling in their sites right now went down because they don't have work right now where they can get some funds for gambling. They can't go out in their respective homes because of the lockdown that has been imposed and because of this they don't have any money to use for gambling.

It will go back to normal (new normal) when there is a vaccine that is created.

iv4n

legendary

Activity: 3164

Merit: 1175

Quote from: freedomgo on May 20, 2020, 07:25:20 AM

Quote from: iv4n on May 20, 2020, 02:23:13 AM

Most of us who gamble for crypto will continue with that, we will not return to fiat gambling, and for sure we are not coming back to physical casinos. Corona can't touch us!

Some would still gamble in physical casinos as online gambling gives different than gambling in a physical casinos, especially if a gambler is really investing his time more in physical casinos, even if the virus is still here but the casinos will open, I'm sure a lot of people will do the usual things they do.

However, for fiat online gambling, I think crypto gambling is better, I was once a fiat online gambler but when I tried crypto gambling, I never come back in fiat since I find crypto gambling easy and it's competitive to fiat gambling sites as well.

That's the bottom line, we discovered crypto gambling and there's no returning to fiat. Once we all were fiat gamblers (at least we as older generation +35), on and offline fiat gamblers! Now even if I would have fiat for gambling I would buy some crypto and I would gamble with crypto!
Experience is different, but as I get older I enjoy comfort of my home more than I enjoy dressing and going out. Physical casinos will always be there, for people who like that, for new generations to get a taste of it, but for many of us that is a thing of the past!

Sadlife

sr. member

Activity: 1400

Merit: 269

Online businesses such as gambling will definitely have a huge impact in revenue because people will be unable to use money and to go outside cause they might get infected or be transmitted with the virus using tangible paper money even discover Cryptocurrencies and how it is excellent in terms of speed and security.

noormcs5

hero member

Activity: 2660

Merit: 614

Leading Crypto Sports Betting & Casino Platform

Quote from: nomenclatur on May 20, 2020, 08:21:14 AM

effects of coronavirus is an impact on all industries including gambling for all kinds of sports have stopped this led to a game betting on gambling stopped all this makes gambling less attractive again to make betting on platform betting this effect affect all types of jobs throughout the country.

Gambling is not much affected by covid 19 but since people loses their jobs and source of income, therefore they spend less on gambling. Apart from that no online casino closed in this lockdown and people had easy access to gambling activities.

freedomgo

legendary

Activity: 3122

Merit: 1147

Quote from: nomenclatur on May 20, 2020, 08:21:14 AM

effects of coronavirus is an impact on all industries including gambling for all kinds of sports have stopped this led to a game betting on gambling stopped all this makes gambling less attractive again to make betting on platform betting this effect affect all types of jobs throughout the country.

It will not be less attractive if the betting is done in online, maybe the sports will lose their income from the people who usually go in the venue since if they will resume, they will do it without a crowd but that would make the sports betting industry live again, because people can still watch live online and gamble at the same time.

nomenclatur

sr. member

Activity: 1344

Merit: 250

effects of coronavirus is an impact on all industries including gambling for all kinds of sports have stopped this led to a game betting on gambling stopped all this makes gambling less attractive again to make betting on platform betting this effect affect all types of jobs throughout the country.

freedomgo

legendary

Activity: 3122

Merit: 1147

Quote from: iv4n on May 20, 2020, 02:23:13 AM

Most of us who gamble for crypto will continue with that, we will not return to fiat gambling, and for sure we are not coming back to physical casinos. Corona can't touch us!

Some would still gamble in physical casinos as online gambling gives different than gambling in a physical casinos, especially if a gambler is really investing his time more in physical casinos, even if the virus is still here but the casinos will open, I'm sure a lot of people will do the usual things they do.

However, for fiat online gambling, I think crypto gambling is better, I was once a fiat online gambler but when I tried crypto gambling, I never come back in fiat since I find crypto gambling easy and it's competitive to fiat gambling sites as well.

iv4n

legendary

Activity: 3164

Merit: 1175

Quote from: robelneo on May 19, 2020, 11:42:08 PM

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

It depends on the compliancy of the casinos, the government will impose restrictions like social distancing, the minimum number of people that can play in the casino, and they might use covers or division for every player that are going to play, of course, there should be disinfection whenever a gambler leaves the table.

Gamblers still want to play and casinos must create revenue to support its business, they can only do this if they are compliant.

And what all that have with crypto gambling? With or without corna its the same for us here. Physical casinos and their gamblers suffered from corona big time, but we crypto gamblers had more free time for gambling. And that's the big difference between real and online gambling. Online you don't face with many restrictions, with choosing crypto for online gambling you get privacy and easy access.
Most of us who gamble for crypto will continue with that, we will not return to fiat gambling, and for sure we are not coming back to physical casinos. Corona can't touch us!

robelneo

legendary

Activity: 3192

Merit: 1198

Bons.io Telegram Casino

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

It depends on the compliancy of the casinos, the government will impose restrictions like social distancing, the minimum number of people that can play in the casino, and they might use covers or division for every player that are going to play, of course, there should be disinfection whenever a gambler leaves the table.

Gamblers still want to play and casinos must create revenue to support its business, they can only do this if they are compliant.

Renampun

sr. member

Activity: 2338

Merit: 365

★Bitvest.io★ Play Plinko or Invest!

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Quote from: Negotiation on May 16, 2020, 01:26:01 AM

...

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

however, that does not apply to gambling addicts...
Gambling addicts are certainly waiting for the casino to open again, and there is also a big possibility that casino owners will make good marketing strategies to attract their customers, like our casino is free from corona or free food for new customers and so on.

BitcoinTurk

hero member

Activity: 1624

Merit: 624

Quote

So what do you think the effect of it?

I think that the pandemic process increases the interest in online casinos and because of many convenience, this increase in interest reflects positively on the websites that provide casino services with crypto money. I think that the customers of physical casinos, which have been closed for about 75 days, have now got the habit of gambling online. On the other hand, I also think that this audience can permanently gamble online.

Quote

Can we experience a high volume on every cryptocurrency gambling website?

It would not be right to expect high transaction volumes in each service because players usually take care to choose popular services in their field. In addition, since each service offers different game advantages, the players make the site preference distributed and can use more than one website. Therefore, it would be wrong to expect high trading volume and game volume on each website.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: peter0425 on May 19, 2020, 01:08:27 AM

Quote from: maydna on May 19, 2020, 12:23:14 AM

~snip~

The important part here is the casino management mate because they are the one who will implement the safeties of their players.

First is to pursue social distancing as this is very import5way to at least not having near contact to.each other.

And also the sanitized and disinfecting and also more supply of alcohol to use for every players.

Last is letting small volume of players at least 1/4 of the casino house capacity.

Yes, I agree that the casino management needs to make sure the safety of each player or people who come to their casino. Social distancing is one of many ways that they need to apply in their casino to prevent the infected virus. Or they can use the other way to make other people feel safe from having contact with other people.

Sanitized and disinfecting is a must available on their casino so people can wash their hand after they touch anything. But I am not sure that only a few people who want to come into the casino since many people feel bored to stay at their home since at least 2 months ago.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: maydna on May 19, 2020, 12:23:14 AM

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

Perhaps, once the physical casino is opened again, I hope people can hold themselves for not visiting the casino because the virus is still out there. People need to be careful, and if they want to visit that casino, they need to make sure the place is safe, and they can give protection to each people who visit that place.

People can still play online casino at any website, whether it is a crypto gambling site or fiat gambling site to avoid the virus. But with the lockdown restrictions are going lifted, that makes people still worry if they want to go to someplace. Perhaps, people will use a new way to protect them in the social community or when they are in the public area.

The important part here is the casino management mate because they are the one who will implement the safeties of their players.

First is to pursue social distancing as this is very import5way to at least not having near contact to.each other.

And also the sanitized and disinfecting and also more supply of alcohol to use for every players.

Last is letting small volume of players at least 1/4 of the casino house capacity.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

Perhaps, once the physical casino is opened again, I hope people can hold themselves for not visiting the casino because the virus is still out there. People need to be careful, and if they want to visit that casino, they need to make sure the place is safe, and they can give protection to each people who visit that place.

People can still play online casino at any website, whether it is a crypto gambling site or fiat gambling site to avoid the virus. But with the lockdown restrictions are going lifted, that makes people still worry if they want to go to someplace. Perhaps, people will use a new way to protect them in the social community or when they are in the public area.

Debonaire217

sr. member

Activity: 644

Merit: 364

In Code We Trust

Quote from: Negotiation on May 16, 2020, 01:26:01 AM

I agree that I do not think that the coronavirus can have any effect on crypto gambling It's a great time to gamble from sitting in the lockdown. If everything is off due to the virus, it is temporary However, crypto casinos will never close Since it is online-based we can easily overcome the bad situation by making a profit by gambling The popularity of crypto gambling is increasing due to the lockdown People are participating in the game more and more.

On the other hand, people who gets tired of missing gambling could possibly find alternatives through online gambling, with this, it has a direct impact to the growth of online gambling as more and more gamblers change their platform from physical gambling to online or crypto.

But still, there's no article online that I find legit that shows statistics about the growth of online gambling due to covid. Meaning, it is just theoretical to say that online gambling is getting popular because of COVID. But, cryptocurrency gambling is getting popular by itself, because of its features.

Yatsan

legendary

Activity: 2436

Merit: 1232

Leading Crypto Sports Betting & Casino Platform

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Quote from: Negotiation on May 16, 2020, 01:26:01 AM

I agree that I do not think that the coronavirus can have any effect on crypto gambling It's a great time to gamble from sitting in the lockdown. If everything is off due to the virus, it is temporary However, crypto casinos will never close Since it is online-based we can easily overcome the bad situation by making a profit by gambling The popularity of crypto gambling is increasing due to the lockdown People are participating in the game more and more.

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

It's being lifted but there are still some restrictions, Here in the Philippines the lock-down are being reduce to some areas but still those casino till an't operate and the public transportation is still not being operated. The government are making it slow so it would be safer to all of us. But still I know some underground casinos that is still operating here. I hope those people will discover the online gambling so they are not going to risk their life for just a game.

The effect of COVID to crypto gambling is absolutely good, since more people are going to discover it because of the lock down to some part of the world. More players for gambling website's

gabbie2010

sr. member

Activity: 2590

Merit: 322

SOL.BIOKRIPT.COM

Quote from: GreatArkansas on March 18, 2020, 08:02:32 PM

With the recent outbreak of coronavirus (covid19) lot of sports game are being cancelled/postponed especially the NBA
While, there are also lot of people from different country that starting to lock down and stay at home for home quarantine.
So,
Decrease of sports games.
Increase of people that will stay at home (probably no work/less work to do, e.g work from home/totally no work)

So what do you think the effect of it?
Can we experience a high volume on every cryptocurrency gambling website?
Since major payments are cryptos, so need to go to any bank anymore, in short more on online transactions.

It has greatly affected my hustling for other source of my income being an adent soccer lover particularly English premier league where I gambled to earn some money however since the suspension of that league die to covid 19 it has been zero earning s

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

^ Probably not, at first the COVID-19 will have a decrease in the numbers of players in gambling sites, and worse with physical casinos including sports betting will definitely go down to zero because no sports events will be held and physical casinos are closed in areas where lockdown are being implemented. People probably start to think of saving their money for the necessities in a short period of time. Those who experience boredom and stress after a few weeks of being quarantined at home they will tend to find ways on how to reduce it and that is by going to online casinos especially those people who are not new in this type of gambling in fact even other players who are fond of playing in physical casinos and sports bettors may get into. Or probably diverted into online gambling and that will give a huge increase in cryptocurrency gambling users. Because we have so much time at home and we cannot even go out as often as we want then people who would try cryptocurrency gambling may even turn into an addiction and may leave their physical casino gambling activity behind for the idea that it will be safer to play gambling online instead of doing it outside their home and be exposed to COVID-19.

Sanitough

hero member

Activity: 2828

Merit: 673

Quote from: BitcoinsGreat on May 17, 2020, 02:46:58 PM

Quote from: Negotiation on May 16, 2020, 01:26:01 AM

I agree that I do not think that the coronavirus can have any effect on crypto gambling It's a great time to gamble from sitting in the lockdown. If everything is off due to the virus, it is temporary However, crypto casinos will never close Since it is online-based we can easily overcome the bad situation by making a profit by gambling The popularity of crypto gambling is increasing due to the lockdown People are participating in the game more and more.

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.

Both, because there are gamblers who like to play in a physical casino and online casino at the same time, while there are gamblers who also like to play solely in physical casino and this is good if the casino industry will resume its operation as it would help our struggling economy right now.

I know there is a risk but if they will be able to manage the risk with their measures, why not give them a try.

Topic: Corona virus (COVID19) Effect in Cryptocurrency Gambling (Read 723 times)