In my own opinion, I don't think that online gambling has an affect on increasing the price of cryptocurrencies because it has no affect on the volumes. But it is much easier to make money and cryptocurrencies by playing in a online gambling because gambling is one of the easiest way to make profit. Recently, i have discovered a bitcoin casino which is very safe to play and it has a lot of famous casino games that you could actually play and enjoy like poker, baccarat, blackjack, roulette, and slots. The best thing about this site is it has great bonuses that you can receive.
Indeed, online gambling has no effect on making a price of the cryptocurrency, probably trading and investment are the one who big attributes on increasing price of crypto because of circulation in the marketplace. Playing in an online casino using cryptocurrencies as a bet would be interesting since it has anonymity features that will keep our transaction concealed. And just like you, I also used to play in the crypto casino called Vegascasino who use bitcoin as a bet and full of interesting prizes and even bonuses. Having a stunning feature that will make you eager to play.
Topic: Did the use of online gambling increase with crypto moneys? - page 2. (Read 22786 times)
Other reasons might be they are from the country where gambling activities were completely prohibited.Not only the identity matters,the convenience on the crypto gambling site made the many people to enter into gambling sites for various reasons.
But if their government finds out that they are involved, they might suffer the consequence. I've read people admitting that even they are aware of their local gov't laws about gambling but they still continue although being aware of the possible sanctions too. Overall of this, the demand increased and gambling industry helped to make it happen.
Just look on how good and fantastic the competition for crypto casino's now. It's all due to the good demand that those pioneers made and they've contributed very well on it.
Other reasons might be they are from the country where gambling activities were completely prohibited.Not only the identity matters,the convenience on the crypto gambling site made the many people to enter into gambling sites for various reasons.
But if their government finds out that they are involved, they might suffer the consequence. I've read people admitting that even they are aware of their local gov't laws about gambling but they still continue although being aware of the possible sanctions too. Overall of this, the demand increased and gambling industry helped to make it happen.
Just look on how good and fantastic the competition for crypto casino's now. It's all due to the good demand that those pioneers made and they've contributed very well on it.
Other reasons might be they are from the country where gambling activities were completely prohibited.Not only the identity matters,the convenience on the crypto gambling site made the many people to enter into gambling sites for various reasons.
But if their government finds out that they are involved, they might suffer the consequence. I've read people admitting that even they are aware of their local gov't laws about gambling but they still continue although being aware of the possible sanctions too. Overall of this, the demand increased and gambling industry helped to make it happen.
At least they know about the risks. Btw, crypto and gambling can be considered as a good complement. Gambling has given a real role to the existence of crypto currencies together with the other platforms, whether it is big or small. And there are many crypto's gambling sites that already operate for long time which give us a proof that crypto also impacted this industry.
This is impossible topic to say as internet as consistently been growing. The use of online websites in sorts of sectors has been growing. Also crypto has been growing as its such a new technology. Its not then easy to say which caused which of the others more so.
The bottom line is the increasing use of the internet, thanks to the way its designed to operate without prejudice or bias to one side or part its then enabling the growth and usage by many different ideas not normally favoured in traditional distribution of power through society.
The bottom line is the increasing use of the internet, thanks to the way its designed to operate without prejudice or bias to one side or part its then enabling the growth and usage by many different ideas not normally favoured in traditional distribution of power through society.
Other reasons might be they are from the country where gambling activities were completely prohibited.Not only the identity matters,the convenience on the crypto gambling site made the many people to enter into gambling sites for various reasons.
But if their government finds out that they are involved, they might suffer the consequence. I've read people admitting that even they are aware of their local gov't laws about gambling but they still continue although being aware of the possible sanctions too. Overall of this, the demand increased and gambling industry helped to make it happen.
I think yes, as far as I know online gambling users for crypto continue to increase because they think this is another way to invest even though I don't feel it. Many of my friends are not gamblers but because of crypto gambling, they are slowly putting their interest in this industry. That way, I'm sure there are also many things out there similar to what I experienced in this small scope and that's another reason why the industry continues to grow.
Same here. I believe that with the arrival and induction of crypto in gambling, the gambling activity has increased a lot. Initially people who would not gamble due to fear of getting their identities disclosed not gamble using crypto which keeps you under the mask. In addition, the rise in the market value of crypto people use to gamble with motivates many people to gamble more and take their chance to multiply their money.
I think it is not difficult to see the impact of rise in the use of cryptocurrency over gamble. You could look for the statistics on people who use crypto to gamble and compare the numbers of present vs. past. Delta will tell you the story. I have been reading about more people using crypto for gambling than before and am of the view that the impact is positive.
It's because many people can't gamble on their countries, as it's not legalized and others are too antisocial and/or lazy to leave their homes to go to a casino. These people are discovering crypto currency gambling and bringing even more people to this space. Furthermore, in crypto casinos you can set your game to play automatically and with any amount of money. In fiat casinos the minimum bet is high and the money goes away very fast. As more internet and technology (smartphones) are widely distributed, the more popular crypto currency gambling will be.
Crypto currency has a big impact over gambling industry, for sure!
There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.
There is no exact stats can be found how much players were gambling on a site but we can find the registered users on each sites which even can tell the difference from traditional casinos to online crypto casinos.Gamblers like anonymity and conveninece so internet gambling is more opt that going for real life casino which makes it to be more successful.Although there are no exact stats, I think gambler who already play using fiat has changed their gambling places into online gambling because they can easy to play any games in the online gambling. I think they will like to play in online gambling because they don't have to pass any verification to start to play.
That's right. We will see that online gambling will have a bright future, and people will move from traditional gambling to online gambling. By playing online gambling, people will get many benefits, and one of the benefits is they don't have to go to the place, they can access the site from their home, they can join using their email and don't have to use their personal identification to start.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.
There is no exact stats can be found how much players were gambling on a site but we can find the registered users on each sites which even can tell the difference from traditional casinos to online crypto casinos.Gamblers like anonymity and conveninece so internet gambling is more opt that going for real life casino which makes it to be more successful.Although there are no exact stats, I think gambler who already play using fiat has changed their gambling places into online gambling because they can easy to play any games in the online gambling. I think they will like to play in online gambling because they don't have to pass any verification to start to play.
That's right. We will see that online gambling will have a bright future, and people will move from traditional gambling to online gambling. By playing online gambling, people will get many benefits, and one of the benefits is they don't have to go to the place, they can access the site from their home, they can join using their email and don't have to use their personal identification to start.
I think yes, as far as I know online gambling users for crypto continue to increase because they think this is another way to invest even though I don't feel it. Many of my friends are not gamblers but because of crypto gambling, they are slowly putting their interest in this industry. That way, I'm sure there are also many things out there similar to what I experienced in this small scope and that's another reason why the industry continues to grow.
Same here. I believe that with the arrival and induction of crypto in gambling, the gambling activity has increased a lot. Initially people who would not gamble due to fear of getting their identities disclosed not gamble using crypto which keeps you under the mask. In addition, the rise in the market value of crypto people use to gamble with motivates many people to gamble more and take their chance to multiply their money. In my own opinion, I don't think that online gambling has an affect on increasing the price of cryptocurrencies because it has no affect on the volumes. But it is much easier to make money and cryptocurrencies by playing in a online gambling because gambling is one of the easiest way to make profit. Recently, i have discovered a bitcoin casino which is very safe to play and it has a lot of famous casino games that you could actually play and enjoy like poker, baccarat, blackjack, roulette, and slots. The best thing about this site is it has great bonuses that you can receive.
Indeed, online gambling has no effect on making a price of the cryptocurrency, probably trading and investment are the one who big attributes on increasing price of crypto because of circulation in the marketplace. Playing in an online casino using cryptocurrencies as a bet would be interesting since it has anonymity features that will keep our transaction concealed. And just like you, I also used to play in the crypto casino called Vegascasino who use bitcoin as a bet and full of interesting prizes and even bonuses. Having a stunning feature that will make you eager to play. 
During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.
This is what really happened! That is why we are having more gambling sites base on cryptocurrencies this days. I have been in cryptocurrencies business for something now and from my own analysis gambling industry is much favour now than any other cryptocurrencies investment and uses. Well... there were other options, but they were neither reliable nor rewarding. During 2012/13, I had tried my luck with crypto-stocks and bonds. But in the end I lost my capital on them. Litecoinglobal (and its BTC equivalent BTCT.co) was quite popular back then. But I remember them closing down abruptly. A lot of the users lost money by investing in those stocks. Even now there are a lot of crypto stock exchanges, but the volumes are very low (when compared to 2012/13), and the user-base has also declined.
During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.
It's true, casino's/online gambling helped to make the use of bitcoin more popular and favorable to most. It offers anonymity that we can't do before with typical online casinos that's based locally or offshore.Before, it's more bitcoin gambling only but since the increase of crypto's came and altcoins are also becoming popular. We have now option to gamble whether with bitcoin or altcoins but still for some reputable casinos, they chose to stay to a bitcoin-only casino.
Gamblers are one of side who can give some certain amount of bitcoin to circulate in the marketplace.
When there is huge amount in your wallet and you are whale means please go ahead with the gambling site and enjoy the gambling with the funds buddy. Lets have the cool gambling experience on increasing the funds.
And I don't think that there's an exact number with that.
Actually crypto gambling and online gambling are very different in terms of usage for betting. I am more pleased if I have to choose crypto gambling or online. Certainly it is more convenient to gamble crypto, because online gambling using money in my country must be really personal money in the sense that you have to use your real name ATM Card in order to be able to do gambling. In contrast to crypto gambling, of course crypto gambling whenever we can play is just a deposit and our identity is kept confidential. I don't think of fees in gambling because that is a natural thing.
During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.
It's true, casino's/online gambling helped to make the use of bitcoin more popular and favorable to most. It offers anonymity that we can't do before with typical online casinos that's based locally or offshore.Before, it's more bitcoin gambling only but since the increase of crypto's came and altcoins are also becoming popular. We have now option to gamble whether with bitcoin or altcoins but still for some reputable casinos, they chose to stay to a bitcoin-only casino.
Gamblers are one of side who can give some certain amount of bitcoin to circulate in the marketplace.
When there is huge amount in your wallet and you are whale means please go ahead with the gambling site and enjoy the gambling with the funds buddy. Lets have the cool gambling experience on increasing the funds.
During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.
It's true, casino's/online gambling helped to make the use of bitcoin more popular and favorable to most. It offers anonymity that we can't do before with typical online casinos that's based locally or offshore.Before, it's more bitcoin gambling only but since the increase of crypto's came and altcoins are also becoming popular. We have now option to gamble whether with bitcoin or altcoins but still for some reputable casinos, they chose to stay to a bitcoin-only casino.
During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.
This is what really happened! That is why we are having more gambling sites base on cryptocurrencies this days. I have been in cryptocurrencies business for something now and from my own analysis gambling industry is much favour now than any other cryptocurrencies investment and uses. 
Once there was a saying that bitcoin is gambling, and based on that more people don't get into the usage of bitcoin. This is all because of the big usage of bitcoin into gambling. As days passed people began to know much about the technology than the usage which made it a more powerful value token. Crypto money has increased the access to gambling where there is no need to worry about big transaction fee and other issues that we face with fiat based gambling websites.
During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.
Jump to: