Corona virus (COVID19) Effect in Cryptocurrency Gambling - page 6.

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

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.

Still possible but with the global crisis that we are experiencing right now? I think that the gamblers will choose to save their money and buy supplies and needs rather than using it for gambling. The economies of large countries are crashing down very hard because of this virus so I don't expect that much increase in volume on gambling sites since people will just save their money and they have other priorities in life too than just gambling their money.

Quote from: The Cryptovator on March 19, 2020, 06:59:00 AM

I have doubts that total gambling volume would increase. Because although people will stay at home as some countries even lockdown their activities but everyone thinking about real cash that time. During global crisis we need real cash really and most of peoples are thinking buy their needs in advance. I think so, although I am in abroad but I gave instructions to my family for buy some needs especially foods. So I think very likely gambling volume would decrease instead.

This is what I'm saying. They have other priorities in life than gambling and for sure gamblers are saving their cash right now so that they can buy other things that they need like foods, masks, alcohols etc. The revenues of casinos right now are going down this quarter because of the virus but for the online gambling sites, there is still a decrease in revenue but not that much since there are many stubborn gamblers out there who choose to gamble even though we are experiencing crisis like this :X.

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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.

we are in the 5th day after the Big dump yet it seems that there is no big effect in gambling company,this corona looks like let gamblers have a break and stays keeping their money because of no one can go outside to make sideline or other option of profit.

but Lets see for the next days if we can see the great advantage of this CONVID effect for the gambling industry in which will also reflect to the Bitcoin Price and altcoin of course.

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Due to covid-19 outbreak, government in different countries imposed lockdowns and community quarantines that lead to cancellations of classes and even work. Staying at home has been required by the government to help prevent local transmission thus, resulting to work from home and no work at all.

Conferences and sports games are postponed for precautionary measures that take away the entertainment of some.

In this times of this crisis, there are two people. The one that will prioritize their needs over cryptocurrency gambling and the one who’ll continue to do cryptocurrency gambling.

Those people who are privileged enough can still manage to do crypto gambling without worrying for what food to place on their tables if ever they’ll lose. On the other hand, those people who are affected by no work, no pay policy might not be able to do crypto gambling and instead prioritize their needs in this trying times.

Some people doing crypto gambling might stop for a while and some may continue. I think it depends on what societal status they belong at the current situation and their priorities now.

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Quote from: The Cryptovator on March 19, 2020, 06:59:00 AM

I have doubts that total gambling volume would increase. Because although people will stay at home as some countries even lockdown their activities but everyone thinking about real cash that time. During global crisis we need real cash really and most of peoples are thinking buy their needs in advance. I think so, although I am in abroad but I gave instructions to my family for buy some needs especially foods. So I think very likely gambling volume would decrease instead.

Exactly the same as you, I would even say that the volume might be decreased since most people are busy IRL as the effect of this global pandemic. Even though people are staying at their own home, it does not mean that they will have more time to gamble as most of them are struggling for their life especially those who live in the most affected countries.

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I think the volume will be decreased since they all need to be prepared for a global economic crisis.

A lot people not going to working doing a social distancing, spend money, especially at gambling without getting some income.

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We can't expect that the volume of gamblers will increase just because we are quarantine at home.
Let's look at the big picture which is our economy, the economy is down, people are panic, so they will ensure they have funds for their basic needs than the for the entertainment like gambling or sports betting.

However, if we compare to other industry, i guess crypto online gambling is not that affected much as they can still operate and people are still entertain for their gambling needs and maybe this is the time that we can introduce crypto gambling to people who are used to going in physical casinos.

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I have doubts that total gambling volume would increase. Because although people will stay at home as some countries even lockdown their activities but everyone thinking about real cash that time. During global crisis we need real cash really and most of peoples are thinking buy their needs in advance. I think so, although I am in abroad but I gave instructions to my family for buy some needs especially foods. So I think very likely gambling volume would decrease instead.

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It's not like people have nothing better to do than gambling. Especially with the quarantine on, most people would probably find ways to go to their works and would most likely spend more time thinking about those things compared to when they were able to gamble. The issue here is that the quarantine gave time to those people that are students (mostly), but for those in the workforce, I think it actually added more load to them, since they have to think of a way to get to work while being safe from harm of the virus. And even if they did work at home, that's another issue altogether of time.

Additionally, spending money on gambling right now may not be the best idea, especially since you don't really know when something could hit you. You get the virus, supplies ran out so you have to buy it farther away or buy it at a more expensive cost. Stuff like that.

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

So what do you think the effect of it?

People would be gambling online, obviously.

Though I don't really gamble in casinos, I think people will all be going to gamble online. We don't know if they would be using cryptocurrencies but in my case, I just use the cryptocurrencies I have. Some people would prefer online transactions from the bank or debit. I think cryptocurrency users will use cryptocurrencies and fiat users would still use fiat. The only thing that will change right now is the fact that they can't go to casinos and they are stuck gambling at their homes.

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those who has only limited Budget?i dont think they will choose to gamble than saving their money right?and that is practicality ..

but those Big gamblers?surely they will add income to the gambling site,and will also help the market grow again even there is a pandemic in most part of the world.

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Quote from: Latviand on March 19, 2020, 03:49:07 AM

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.

The volume of people who prefers online gambling will surely increase as the virus is continuously spreading. Online transactions are safer because it doesn't require you to touch or hold any tangible money. It is also faster and easy to use because in just one touch/click, you can pay something with your account wallet. That is one of the advantages of crypto in our economy and in gambling, you can play without money on your hands, you will never be hassle to withdraw money, and most importantly you can't get the virus as you don't go outside.

Quote from: Savemore on March 19, 2020, 12:28:57 AM

In my country, the offshore gaming operator are been force closed by the government because of the COVID-19. There is a community quarantine in my country where many business establishments are closed because of the fast spread of the virus. The whole gambling industry are affected due to the COVID-19.

But the problem in the community quarantine is that workers can't work hard to have money to feed for their money. How about those poor people who is relying on their work just to feed their family. The government should make a solution for that as they implement community quarantines, most especially if most of it citizens are not in a middle class. Vendors are not allowed to go outside, worker can't go to their office, beggars are left behind in the streets. Government should allocate some funds for those people who can afford to do self-quarantine or feed for their family.

Instead of gambling, people should donate their money to the people who are homeless because they can't work on their own during this crisis. As cryptocurrency can be converted, we can help people using our cryptocurrency so that in this simple help, people can know the advantage of cryptocurrency in our lives.

On the other hand, it is true that the most vulnerable citizens here are those who are in a lower class, those poor people, those who are homeless. They are just relying on the environment that they have because the government have nothing to share to them. They are much focused on the people who are in the middle class, people who can feed their family with their salary, people who can protect themselves from the virus. I don't understand how people endure this problem seeing our fellow people who are suffering while the virus is everywhere. If they will make a community quarantine, they should consider these homeless that have no money to support its children.

Naida_BR

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I don't think that we are going to see bigger volumes.
As you said, many people are not going to work - they have stopped working - so their income is decreased. Having said that, they do not have enough money to spend on their leisure activities such as gambling.

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Quote from: Darker45 on March 19, 2020, 04:40:27 AM

There might be. But then we also know that when it comes to cryptocurrency gambling sites, many of the top ones are sports betting sites. In which case, since most of the different sports matches are either moved to another date or postponed indefinitely or even cancelled, the volume of bets will certainly decrease. I guess more than an increase in volume, there is a decrease.

That's right many cryptocurrency gambling sites are offering on the sports gambling so there are really a huge effect of the COVID 19 or the coronavirus to the cryptocurrency gambling as we know that it is currently a major problem because most of the sports right now are cancelled or suspended due to the effect of the virus that are occuring right now.

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There might be. But then we also know that when it comes to cryptocurrency gambling sites, many of the top ones are sports betting sites. In which case, since most of the different sports matches are either moved to another date or postponed indefinitely or even cancelled, the volume of bets will certainly decrease. I guess more than an increase in volume, there is a decrease.

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Covid19 is one of the worst happens in 2020 and I hope this problems will be solve.

In the effects on the cryptocurrency gambling we don't know if it's have a good effect or bad effect because many countries lockdown so possible also that they play gambling because their in home but the problem with that is what if they don't have online banking to buy crypto so they cannot play gambling.

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It wouldn't just affect the Sports betting but also the other online gambling games as well.
They might not feel it but there would be less gambler for sure because of this corona virus they would try to save their money instead of risking it just like what I am doing.
But I guess we couldn't be so sure since some sports bettor would try out some other gambling games.

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As we can see right now that there are so many business who has been closed for now just because on the reason that the coronavirus has been transmitted so fast and very easy so the people are currently announcing the suspension of the work days because on this bad phenomena. It is really has a lot and big effect to the cryptocurrency gambling because of this virus there are a cancellation of games that affect e the cryptocurrency gambling.

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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.

The volume of people who prefers online gambling will surely increase as the virus is continuously spreading. Online transactions are safer because it doesn't require you to touch or hold any tangible money. It is also faster and easy to use because in just one touch/click, you can pay something with your account wallet. That is one of the advantages of crypto in our economy and in gambling, you can play without money on your hands, you will never be hassle to withdraw money, and most importantly you can't get the virus as you don't go outside.

Quote from: Savemore on March 19, 2020, 12:28:57 AM

In my country, the offshore gaming operator are been force closed by the government because of the COVID-19. There is a community quarantine in my country where many business establishments are closed because of the fast spread of the virus. The whole gambling industry are affected due to the COVID-19.

But the problem in the community quarantine is that workers can't work hard to have money to feed for their money. How about those poor people who is relying on their work just to feed their family. The government should make a solution for that as they implement community quarantines, most especially if most of it citizens are not in a middle class. Vendors are not allowed to go outside, worker can't go to their office, beggars are left behind in the streets. Government should allocate some funds for those people who can afford to do self-quarantine or feed for their family.

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Quote from: rhomelmabini on March 18, 2020, 09:14:29 PM

I think we might expect that scenario but as what LTU_btc said most people will also thinking it's better they save it rather than gamble it. On the other hand, gamblers can't be stopped especially those who gamble sports betting they'll more likely will find any alternatives. I think it's more likely neutral in a sense since world is in turmoil with this pandemic.

Sport events are being cancelled though. NFL, boxing and MMA are just few. UK also stopped the horse race, what we can do right now is just the casinos from dice, blackjack, baccarat to poker. They are readily available in most bitcoin casinos.

For gamblers in the physical casinos, its time for them to go online to see that there are more to online casinos than what is in the traditional casinos.

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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.

That's a huge possibility we see many new gambling sites now maybe this is the positive impact in the online gambling industry, gamblers have two options now, gambling online or play online with bets, but between the two I'm pretty sure gambling online will be the choice of the majority.

Topic: Corona virus (COVID19) Effect in Cryptocurrency Gambling - page 6. (Read 725 times)