Did the use of online gambling increase with crypto moneys? - page 5.

crzy

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Quote from: virasog on February 08, 2019, 12:46:10 AM

Quote from: bitcoinisbest on February 06, 2019, 01:55:00 AM

Quote from: Japinat on February 06, 2019, 01:37:19 AM

Quote from: Bagaji on February 05, 2019, 05:52:54 PM

Quote from: Granxis on May 08, 2018, 06:39:02 PM

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

To some other people in some part of world, crypto currency has made easy for them to participate in gambling activities reason been that, crypto currency is universally acceptable and there is no stress for one to convert his or her local currency to the one acceptable by the gambling site before one can participate in gambling.

That's true, the easier the riskier, because when easy we normally gamble regularly as long as we have a lot of time to spend.
Everyone aim for winning, hence that would increase their money, however, gambling is not easier as we think, it's been existing to make profit not to give money.

Today many young people who have some crypto are getting into gambling at very young age considering the it will be a good to gamble and make more money through it. had it being a fiat they do not have that much so they would be avoiding it but now with crypto users have increased.

Yes due to bitcoin the number of users have increased and it has both the positive and negative aspects. If you see it positively more people will join gambling and more gambling casino will come and the business will grow enormously. On the other hand, Kids and children will also be attracted with gambling and it is not good for them.

It may easy to access gambling through online but if you know how to educate your kids, for sure they will not gamble their money.
The increased on online gambling is not just because of bitcoin, its because of our growing technology and cryptocurrency is part of that. Anyway you can also gamble online through fiat money.

virasog

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Quote from: bitcoinisbest on February 06, 2019, 01:55:00 AM

Quote from: Japinat on February 06, 2019, 01:37:19 AM

Quote from: Bagaji on February 05, 2019, 05:52:54 PM

Quote from: Granxis on May 08, 2018, 06:39:02 PM

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

To some other people in some part of world, crypto currency has made easy for them to participate in gambling activities reason been that, crypto currency is universally acceptable and there is no stress for one to convert his or her local currency to the one acceptable by the gambling site before one can participate in gambling.

That's true, the easier the riskier, because when easy we normally gamble regularly as long as we have a lot of time to spend.
Everyone aim for winning, hence that would increase their money, however, gambling is not easier as we think, it's been existing to make profit not to give money.

Today many young people who have some crypto are getting into gambling at very young age considering the it will be a good to gamble and make more money through it. had it being a fiat they do not have that much so they would be avoiding it but now with crypto users have increased.

Yes due to bitcoin the number of users have increased and it has both the positive and negative aspects. If you see it positively more people will join gambling and more gambling casino will come and the business will grow enormously. On the other hand, Kids and children will also be attracted with gambling and it is not good for them.

bitcoinisbest

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Quote from: Japinat on February 06, 2019, 01:37:19 AM

Quote from: Bagaji on February 05, 2019, 05:52:54 PM

Quote from: Granxis on May 08, 2018, 06:39:02 PM

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

To some other people in some part of world, crypto currency has made easy for them to participate in gambling activities reason been that, crypto currency is universally acceptable and there is no stress for one to convert his or her local currency to the one acceptable by the gambling site before one can participate in gambling.

That's true, the easier the riskier, because when easy we normally gamble regularly as long as we have a lot of time to spend.
Everyone aim for winning, hence that would increase their money, however, gambling is not easier as we think, it's been existing to make profit not to give money.

Today many young people who have some crypto are getting into gambling at very young age considering the it will be a good to gamble and make more money through it. had it being a fiat they do not have that much so they would be avoiding it but now with crypto users have increased.

Japinat

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Quote from: Bagaji on February 05, 2019, 05:52:54 PM

Quote from: Granxis on May 08, 2018, 06:39:02 PM

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

To some other people in some part of world, crypto currency has made easy for them to participate in gambling activities reason been that, crypto currency is universally acceptable and there is no stress for one to convert his or her local currency to the one acceptable by the gambling site before one can participate in gambling.

That's true, the easier the riskier, because when easy we normally gamble regularly as long as we have a lot of time to spend.
Everyone aim for winning, hence that would increase their money, however, gambling is not easier as we think, it's been existing to make profit not to give money.

Bagaji

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Quote from: Granxis on May 08, 2018, 06:39:02 PM

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

To some other people in some part of world, crypto currency has made easy for them to participate in gambling activities reason been that, crypto currency is universally acceptable and there is no stress for one to convert his or her local currency to the one acceptable by the gambling site before one can participate in gambling.

emberbekas

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Quote from: MFahad on February 05, 2019, 10:14:22 AM

Quote from: mega_carnation on January 31, 2019, 12:08:57 AM

Online gambling has increased the number of crypto gamblers. Even those gamblers that didn't aware of crypto has to adopt it willingly so they can enjoy the perks of crypto gambling like...

low fees
quick transfers

Yes i think both gambling and crypto has helped each other grow more. At one side you can say that gamblers came to know about crypto but on the same time its the crypto users who started gambling after they had gather digital money.

For some gamblers, crypto and online gambling are ideal partners. Both can be complementary and mutually beneficial. Online gambling with crypto currencies will certainly give a big role in the continuity of crypto itself and crypto currencies provide convenience in many things to the gambling industry.

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Quote from: mega_carnation on January 31, 2019, 12:08:57 AM

Online gambling has increased the number of crypto gamblers. Even those gamblers that didn't aware of crypto has to adopt it willingly so they can enjoy the perks of crypto gambling like...

low fees
quick transfers

Yes i think both gambling and crypto has helped each other grow more. At one side you can say that gamblers came to know about crypto but on the same time its the crypto users who started gambling after they had gather digital money.

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Quote from: jrrsparkles on February 05, 2019, 03:52:55 AM

Quote from: Caladonian on January 31, 2019, 01:14:49 AM

Quote from: mega_carnation on January 31, 2019, 12:08:57 AM

Online gambling has increased the number of crypto gamblers. Even those gamblers that didn't aware of crypto has to adopt it willingly so they can enjoy the perks of crypto gambling like...

low fees
quick transfers

Yes indeed, for this reason they simply adopts the system so they can manage to enjoy playing online with their respective favorite games,
crypto helps them a lot also in terms of anonymity as they can play without providing documents and enjoy the the capability of withdrawing
the winnings in a quick process. (but in some cases like big winnings casino house have different ruling)

Add no tax as well,because we are not going to pay any taxes to governments if we are just keeping our rewards in cryptos but in fiat we need to pay large amount as tax so basically we are going to make more money while gambling with cryptos and the anonimity and convenience as always.

That is the other benefit of using crypto as the bets. We can hide our money behind the crypto, and we can play gambling in many gambling websites. Online gambling will increases in the future especially if many people in out there know about crypto and they want to try the gambling games. I am sure they will like to use crypto as the bets because they only need to exchange (buying coins at the exchange or else) and send it to the gambling website without any problem.

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Quote from: Caladonian on January 31, 2019, 01:14:49 AM

Quote from: mega_carnation on January 31, 2019, 12:08:57 AM

Online gambling has increased the number of crypto gamblers. Even those gamblers that didn't aware of crypto has to adopt it willingly so they can enjoy the perks of crypto gambling like...

low fees
quick transfers

Yes indeed, for this reason they simply adopts the system so they can manage to enjoy playing online with their respective favorite games,
crypto helps them a lot also in terms of anonymity as they can play without providing documents and enjoy the the capability of withdrawing
the winnings in a quick process. (but in some cases like big winnings casino house have different ruling)

Add no tax as well,because we are not going to pay any taxes to governments if we are just keeping our rewards in cryptos but in fiat we need to pay large amount as tax so basically we are going to make more money while gambling with cryptos and the anonimity and convenience as always.

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Quote from: eann014 on January 31, 2019, 03:52:35 AM

Online gambling that uses bitcoin or other altcoin can increase crypto value. Depend on how much they put in money from that online gambling site, because that online gambling site who owns is also using or buying coins in the market.

It is one of the biggest sources of spending bitcoin and altcoins for those who want to play with their money. There are whales who are not able to hold for too long and decide to play with their coins in the meantime. So the casino becomes their special place to visit. You can familiarize this with the whales in real life who are VIPs in physical casinos. The owners know and provide them special care so they become regulars as well.

In a way the economy can be compared with that of a physical casino even when there are several advantages and caveats in between.

eann014

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Online gambling that uses bitcoin or other altcoin can increase crypto value. Depend on how much they put in money from that online gambling site, because that online gambling site who owns is also using or buying coins in the market.

Caladonian

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Quote from: mega_carnation on January 31, 2019, 12:08:57 AM

Online gambling has increased the number of crypto gamblers. Even those gamblers that didn't aware of crypto has to adopt it willingly so they can enjoy the perks of crypto gambling like...

low fees
quick transfers

Yes indeed, for this reason they simply adopts the system so they can manage to enjoy playing online with their respective favorite games,
crypto helps them a lot also in terms of anonymity as they can play without providing documents and enjoy the the capability of withdrawing
the winnings in a quick process. (but in some cases like big winnings casino house have different ruling)

shoreno

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Quote from: mega_carnation on January 31, 2019, 12:08:57 AM

Online gambling has increased the number of crypto gamblers. Even those gamblers that didn't aware of crypto has to adopt it willingly so they can enjoy the perks of crypto gambling like...

low fees
quick transfers

before cryptos are not yet discovered . i am not aware about online gambling aside from poker and card games but all of them are offline or only playable for fun without the involvement of money .

so im gonna say that cryptocurrency increases the popularity of online gambling .

but i believe other online gambling that doesnt support cryptos are more faster and have no fees at all because other payment methods work differently from crypto but they are hassel to use and lacking of anonimity .

mega_carnation

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Online gambling has increased the number of crypto gamblers. Even those gamblers that didn't aware of crypto has to adopt it willingly so they can enjoy the perks of crypto gambling like...

low fees
quick transfers

STT

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Crypto is alot less hassle and ties well into the digital economy on a number of fronts not just gambling but anything for a virtual type product. You can virtually sit at a casino table and take part in games before withdrawing and carrying on with whatever else you wanted to do with that capital value. Alot of normal bank cards dislike or charge extra fees for gambling related usage because its considered a cash withdrawal, this can get expensive fast.

Crypto also has the advantage of being un-leveraged, you either got enough or you dont which is a good path to keeping you right on money

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Quote from: romero121 on January 19, 2019, 12:22:49 PM

Gambling is a big industry contributing to a large scale circulation of cryptocurrency. Many people began to gamble as cryptocurrency provides them with the anonymity, which more people expect while participating into gambling activities. Till the date of bitcoin into the world fiat and offline gambling houses were very popular. Now things have changed with cryptocurrency ruling the gambling industry.

This is so truth. It didn't only increase but the industry is also a huge force by itself due to it's many benefits, pretty good anonymity even if not perfect and how comfortable it is to use the service.

I believe this will be even more huge and cryptocurrency along with the technology behind it will change the world in ways we can't even imagine yet.

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Quote from: kaisa on January 29, 2019, 11:34:34 PM

I think gambling with the crypto platform is not as successful as traditional platforms.

I am little bit disagree with it. There is few limitations play with fiat. Like tax and fee. Day by day world is changing and there is lot of successful crypto gambling website. Using crypto you can save tax and fee as well. Only one problem on crypto that's regarding price. Crypto price is not stable but if you have patience and you can hold then it would be better play with crypto. Without patience no one can gain with crypto play.

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Some people change the currency into crypto because now, they found that with using the crypto in the gambling games, they can stay under the radar. Besides that, they can play anonymously without any people knows but, of course, to do this, they need to use VPN. I don't think that they are doing this for experiments because we know right now, there is plenty online gambling available on the internet, and they can play in their home without going into the casino. In the future, when the crypto can get accept in all countries, online crypto gambling will be more popular than traditional gambling because people can play gambling with ease.

kaisa

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I cannot confirm through data, but it is logical that every gambler would prefer a familiar platform to gamble. While gambling with crypto money is new, buying cryptocurrency is the first risk and gambling with crypto money will add to the risk. Even though some people choose crypto games, I am sure they are only doing it for experiments and I think gambling with the crypto platform is not as successful as traditional platforms.

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Quote from: Idrisu on January 28, 2019, 01:07:02 PM

You have said the truth. I could understand that in my country about 99% of the gamblers gamble offline. I think we cannot judge the impact of online gambling in gambling industry but I strongly believe that in some years to come we should be able to see that.

We can already see the impact of online gambling right now though it's up to you if you're not going to judge on how it manages to build its own industry and innovates the online gambling sector. It's still the early days of crypto gambling but look on how big the casino's have made and how much budget they have in their bankrolls. Consider also on how many investors are putting and trusting their money to the reputable casino's because of the long term belief they had with it.

Topic: Did the use of online gambling increase with crypto moneys? - page 5. (Read 22727 times)