Crypto Gambling Weekly - page 3. | Bitcointalksearch.org

bitterguy28

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Quote from: AOBTCT6 on February 19, 2021, 04:57:22 AM

Hi everyone,

Do you guys think gambling could be one of the main catalysts for Bitcoin becoming more widely adopted?

Thanks!

It is now mate , because gambling using crypto is now scattered around the world , though there are still many countries that has restriction yet Majority are adopting crypto as gambling funds than just Fiat.

There are casino's in Vegas that has Bitcoin atm machine that proves the use and the demand of crypto in their gambling activities.

owengtam09

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Quote from: AOBTCT6 on February 19, 2021, 04:57:22 AM

Hi everyone,

Gambling through sportsbooks and casinos seems like a great use case for Bitcoin (and other cryptos) at the moment.

It allows people from countries with strict gambling laws to play with no worry of punishments. It also allows successful gamblers to play without account restrictions placed on them - as they would get at fiat sportsbooks - and a whole host of other benefits.

As this sector is growing fast, I thought I'd write a weekly update about the developments in the crypto sportsbook/casino world.

Feel free to check it out and let me know your thought (there are a couple bets to follow in there too, if that's your thing) - https://bitedge.com/blog/crypto-betting-weekly-19-feb-2021/

Do you guys think gambling could be one of the main catalysts for Bitcoin becoming more widely adopted?

Thanks!

It is really good that we can still gamble even at the comfort of our room, despite of having a strict law in other countries we can still manage to play gambling however I think that this is not the best time to play gambling online, because a high price of bitcoin and for sure that at the same time, fees also increase.

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Quote from: Shasha80 on February 24, 2021, 09:01:31 AM

In my opinion, the increasing price of Bitcoin and Bitcoin transaction fees are also getting higher. Many people prefer to store their Bitcoin in a wallet
rather than having to use it to play gambling. And gamblers are starting to move to using altcoins to play gambling, besides the price of altcoins is
not as expensive as Bitcoin. Some altcoins also have low transaction fees.

Current average gambling site for Withdrawing using bitcoin is 0.0005 And that value is almost 25 $. For gamblers with a small BankRoll, of course, is a great value. I myself use the EOS / Tron when I want to bet because of the low cost and fast confirmation. Bitcoin / Ethereum with high fees, many choose other altcoin options

Where did you find this average number of withdrawal fee? Just curious because I haven't seen any casinos charges that much for bitcoin withdrawal fees at the moment. As what I know 0.0005btc is the average withdrawal fee on exchange instead of casino. Let me know if there is a casino or some casinos that charges you 0.0005btc for the withdrawal fee.

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Quote from: milewilda on February 22, 2021, 07:50:36 PM

Not really that bad to test out waters but only on small amounts of money for you to play specially if you are dealing with new gambling sites and even those popular websites
at the moment did really start on being a newbie site but do able to build up their reputation as the years passed.This isnt something that can be attained for a short time.
Gambling industry did really give out some impact or awareness of bitcoins existence, it is being advertised in other social media platforms out there
and its quite rampant or evident, it might not be solely for that reason but at least we can see that it can be applied into numerous industries.

I do not know why people do not do this more often, what I mean is that there is nothing wrong with trying new gambling websites, especially if you want to experience new games and see what they offer but for some reason people make big deposits on those casinos and then they get scammed, it is important to test new casinos with only a small amount of money and only once you have tested it throughly and other members of the community begin to share positive experiences about the casino as well then you may deposit a larger amount of money there.

Shasha80

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In my opinion, the increasing price of Bitcoin and Bitcoin transaction fees are also getting higher. Many people prefer to store their Bitcoin in a wallet
rather than having to use it to play gambling. And gamblers are starting to move to using altcoins to play gambling, besides the price of altcoins is
not as expensive as Bitcoin. Some altcoins also have low transaction fees.

But in 2020 when lockdowns come into effect in many countries, and the Bitcoin price is still under the $ 20k price tag. Many gamblers started
playing online gambling, because they couldn't play at traditional casinos. At that time Bitcoin was the most widely used by gamblers to play gambling,
so gambling helped a lot of Bitcoin more widely adopted.

jostorres

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Quote from: hahay on February 22, 2021, 11:09:08 PM

Not really, although gambling looks popular but in fact not everyone really likes gambling and even though they talk about gambling, they are not really gambling or just gambling in their own circle. So I think bitcoin is not just about gambling and this looks big because we are at least active in bitcoin gambling every week, so we assume bitcoin will get bigger as the world of gambling develops.

Actually gambling is quite popular among us bitcointalk users and although I agree that not everyone gambles but anyone who wishes to gable usually wants to remain anonymous and bitcoin is the best option for that. Almost all of the bitcoin casinos do not require any kind of verification unless a player is cheating so if you are a clean gambler and want to remain hidden, betting with Bitcoin is actually one of the best options out there.

Bitcoin gambling has amazing numbers as I visit these casinos often and the wagering numbers are staggering which clearly shows a big part of gamblers still prefer to bet with crypto. In fact I think big names like bet365 might be lacking behind if we consider the wagering amounts on casinos.

jaberwock

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Quote from: Furious 7 on February 19, 2021, 11:13:59 AM

Gambling is growing more and more day by day so I think bitcoin will become a major role in all fields, especially in gambling, we know gambling with bitcoin can be said to be a large amount and this will make the development of bitcoin more and more used about gambling is one that is use becomes common in this time of pandemic some areas have laws in effect but under the auspices of all of them there must be a big advantage therefore there will be a bigger adoption especially in other cryptos.

You know if bet365 had the option to deposit and play with crypto currencies I would have always played with crypto instead of depositing with skill which I currently have to use as bet35 don't support BTC just yet. Its just so cool to have a payment method that doesn't charge fees and that doesn't have any reversible payment issues unlike Paypal.

Quote from: iamsheikhadil on February 19, 2021, 12:30:25 PM

I disagree a bit. Crypto and crypto gambling isn't a safe haven for people to gamble where gambling is illegal. It can actually make the experience worse if the country and government are anti-crypto, then it makes the situation more dangerous since it's like unregulated gambling which is a more serious concern. However, I have to agree that crypto has enabled most users to play games with ease and without much complications and made the gambling industry fun and hassle free!

Governments are always going to be anti-crypto because they cannot juice out taxes from people as they deal in BTC. But I don't think there is any problem in gambling your money which you earned online. Imagine if I am earning BTC online why is it a problem for government if I want to just spend it on gambling or even porn.

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Quote from: CarnagexD on February 23, 2021, 07:12:23 PM

Bitcoin is mainly used now as a store of value, so you might find that only a few people will actually try and use bitcoin for gambling transactions in that wallet. Of course this may shift in the coming years, especially if bitcoin receives more notice and is adopted by more states and countries to the point that it is on par in terms of daily usage with fiats.

If that can happen in the next years, the gambling business will use altcoin to gamble. I think that will be good for gamblers because they can save their bitcoin and sell at a high price to make money from that. While they can continue to gamble using the altcoin without thinking about the transaction fees, they have many options to use many altcoins to gamble. The gambling business really helps the cryptocurrency grow fast this year because it can attract more people to come to gambling games and gamble using cryptocurrency.

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Bitcoin is mainly used now as a store of value, so you might find that only a few people will actually try and use bitcoin for gambling transactions in that wallet. Of course this may shift in the coming years, especially if bitcoin receives more notice and is adopted by more states and countries to the point that it is on par in terms of daily usage with fiats.

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Quote from: uneng on February 23, 2021, 03:19:41 PM

Probably most people involved with bitcoin won't get involved with gambling because they don't have interest for it, but bitcoin and crypto in general really help to boost gambling industry, as we can see news on the internet proving this fact and even on this forum where there are so many casinos being promoted daily (and growing).

Not everyone from this industry are really into gambling, there are people who use crypto for their gambling activities on their respective reasons, and you are right, crypto helps those gambling site to acquired players who happened to also crypto lovers, they manifested from fiat casino to enjoy and take advantage of crypto casino base gaming house, instead of converting their assets, they manage to easily transfer funds to their chosen gambling house.

Quote

It can be easily explained by the fact many countries have strict policies about gambling, furthermore traditional sites don't allow privacy to its customers and that crypto casinos allow tiny bets, different from fiat casinos, where there are more chances you will run out of funds faster.

That priviledge extent the stay of gamblers to the site, unlike fiat based casinos where it's really fast to lose your bankroll, crypto based
casinos gives you alternatives / options with crypto's that being accepted by the house.

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Quote from: panganib999 on February 23, 2021, 05:49:46 AM

Quote from: hahay on February 22, 2021, 11:09:08 PM

Not really, although gambling looks popular but in fact not everyone really likes gambling and even though they talk about gambling, they are not really gambling or just gambling in their own circle. So I think bitcoin is not just about gambling and this looks big because we are at least active in bitcoin gambling every week, so we assume bitcoin will get bigger as the world of gambling develops.

No one forces anyone to play gambling. It is our own free will to play and to take the risk, luck and earn profit by means of gambling. Yes. I believe that many people actually avoiding gambling because of the fact that they are not into it or they have something or other ways to earn money and make some profits. I, personally didn't active weekly in gambling because of the incident that I experienced last time. I didn't able to control myself and I end up loosing all of my funds yet that was a lesson for me that I need to be more careful next time and learn to control myself in every situation. Bitcoin is one of the most gamble coin right now, and I think and agree that we must know what truly it is and how gambling works.

Probably most people involved with bitcoin won't get involved with gambling because they don't have interest for it, but bitcoin and crypto in general really help to boost gambling industry, as we can see news on the internet proving this fact and even on this forum where there are so many casinos being promoted daily (and growing).

It can be easily explained by the fact many countries have strict policies about gambling, furthermore traditional sites don't allow privacy to its customers and that crypto casinos allow tiny bets, different from fiat casinos, where there are more chances you will run out of funds faster.

vintages

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Quote from: AOBTCT6 on February 19, 2021, 04:57:22 AM

As this sector is growing fast, I thought I'd write a weekly update about the developments in the crypto sportsbook/casino world.

Feel free to check it out and let me know your thought (there are a couple bets to follow in there too, if that's your thing) - https://bitedge.com/blog/crypto-betting-weekly-19-feb-2021/

Thanks!

Nice article and very good insight too. Would love to see more in the future.

Quote from: AOBTCT6 on February 19, 2021, 04:57:22 AM

Do you guys think gambling could be one of the main catalysts for Bitcoin becoming more widely adopted?

Thanks!

Not really. However, there is a few percentage to it contribution. Even though there are many betting and gambling online platforms, setting up and implementing Bitcoin as payment methods, it's just so because the use of Bitcoin has made online payments easier.
Over the years, we can see that the growth of Bitcoin is from different adoption and awareness and not specifically the gambling industry.

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Quote from: Lorence.xD on February 22, 2021, 01:52:31 AM

Quote from: maydna on February 21, 2021, 11:38:38 PM

~snip~

The problem with playing unverified in a gambling website is that the gambling website can use it to their advantage by locking the user out of their account if they were to ever win something big, it is a pretty prevalent issue right now. I don't think that it will be easy for a gambling addict to manage their money, they are the worst kind of people that will have money land on their hands. I was once told of a murder of someone who was a gambling addict who owed so much money that there is no way that that person could pay it. Hopefully, not only gambling will make cryptocurrency popular but also bitcoin as it is.

It can be avoided by playing gambling at the recommended, trusty, and have a reputation gambling site to prevent that thing. As long as a gambler can know about that, they will be okay and will not get any problem. That will be the problem for a gambling addict to solve their issues as they must know that playing gambling can make them addicted. They should not become addicted and always take care of themselves by managing their money. The cryptocurrency gives a chance to make a gambling business grow, especially for a crypto gambling site.

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Quote from: AOBTCT6 on February 19, 2021, 04:57:22 AM

Do you guys think gambling could be one of the main catalysts for Bitcoin becoming more widely adopted?

I think on the neutral part and gambling with bitcoin has been years already and afaik it could be a two edged sword considering both gambling and crypto are too risky some people might be skeptical on both. The catalyst Bitcoin is waiting isn't in gambling sector but more of the use case of the underlying technology behind it by many sectors in the industry, just my two cents.

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The introduction of bitcoin into the online gaming industry had a very positive effect on the spread of bitcoin in the early stages of integration. Now, with the rise in its price and the consequent increase in fees, it does not play much of a role. Bitcoin now attracts long-term investors and speculators because of its volatility.

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Quote from: hahay on February 22, 2021, 11:09:08 PM

Not really, although gambling looks popular but in fact not everyone really likes gambling and even though they talk about gambling, they are not really gambling or just gambling in their own circle. So I think bitcoin is not just about gambling and this looks big because we are at least active in bitcoin gambling every week, so we assume bitcoin will get bigger as the world of gambling develops.

No one forces anyone to play gambling. It is our own free will to play and to take the risk, luck and earn profit by means of gambling. Yes. I believe that many people actually avoiding gambling because of the fact that they are not into it or they have something or other ways to earn money and make some profits. I, personally didn't active weekly in gambling because of the incident that I experienced last time. I didn't able to control myself and I end up loosing all of my funds yet that was a lesson for me that I need to be more careful next time and learn to control myself in every situation. Bitcoin is one of the most gamble coin right now, and I think and agree that we must know what truly it is and how gambling works.

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Quote from: AOBTCT6 on February 19, 2021, 04:57:22 AM

Hi everyone,

Gambling through sportsbooks and casinos seems like a great use case for Bitcoin (and other cryptos) at the moment.

It allows people from countries with strict gambling laws to play with no worry of punishments. It also allows successful gamblers to play without account restrictions placed on them - as they would get at fiat sportsbooks - and a whole host of other benefits.

As this sector is growing fast, I thought I'd write a weekly update about the developments in the crypto sportsbook/casino world.

Feel free to check it out and let me know your thought (there are a couple bets to follow in there too, if that's your thing) - https://bitedge.com/blog/crypto-betting-weekly-19-feb-2021/

Do you guys think gambling could be one of the main catalysts for Bitcoin becoming more widely adopted?

Thanks!

Sorry but I can't understand how does it works , Because seemingly the Country's law is applicable in all gambling violators and i don't see any reason how would someone from that country can be freely play with your help.
or maybe i just don't get what the objective is from this site, thanks for the enlightenment in advance to those concern that can answer me clearly.

Wexnident

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Something like a sportsbook weekly update? Looks kinda nice. Might want to create a megathread for weekly updates instead? It isn't a catalyst, but it is definitely one of the leading industries when it comes to adoption. A catalyst imo would be something that anyone would regularly use, an industry that is accepted and is legal in all countries, unlike gambling which is illegal in some. The opposite could happen though, with instead of casino helping Bitcoin, it'd be Bitcoin helping casinos instead in spreading their industry. Just the crypto-based casinos are enough to be called one for instance.

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Quote from: milewilda on February 22, 2021, 07:50:36 PM

Quote from: Lorence.xD on February 22, 2021, 01:52:31 AM

~

Not really that bad to test out waters but only on small amounts of money for you to play specially if you are dealing with new gambling sites and even those popular websites
at the moment did really start on being a newbie site but do able to build up their reputation as the years passed.This isnt something that can be attained for a short time.

It is not bad to test but look at all the issues with established gambling website on the Scam Accusations board. A lot of the users is having problem with the gambling websites that they are playing in, you know of the saying about being good at first but the longer you know the worse it becomes.

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Quote from: AOBTCT6 on February 19, 2021, 04:57:22 AM

It allows people from countries with strict gambling laws to play with no worry of punishments. It also allows successful gamblers to play without account restrictions placed on them - as they would get at fiat sportsbooks - and a whole host of other benefits.

Not really. If your country does not allow gambling, that means you are not also allowed to play on gambling sites. Your country will probably be listed among those which are considered restricted countries. If you are to violate your country's and the gambling site's policy, then you should be worrying about punishments.

Once you are discovered to be doing something illegal by your country, you will be punished. And once the site will discover that you are playing from one of its restricted countries, then your account might be blocked and your funds frozen.

Topic: Crypto Gambling Weekly - page 3. (Read 855 times)