Difference between crypto gamblers - regular gamblers - page 3.

Mr. Magkaisa

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Quote from: Saisher on November 04, 2023, 07:40:16 AM

Quote from: Odohu on November 03, 2023, 07:21:50 AM

I have the feeling that in the near future, the competion will be fierce that conventional casinos will adopt crypto in other to remain in business.

It's already happening and Crypto casinos are already taking the lead, just look at the sponsorships of big sporting events being headlines by Cryptocasinos, I cannot name a single traditional fiat-based casino that is popular now more than the top Crypto casinos in the industry.
It's not a question of competition anymore it is a question of when will all these traditional or fiat-based casinos will integrate or include Cryptocurrency in their platform.

- In the past, there was no online casino; instead, there were only physical casinos. When there was a period of COVID-19, the online casino became trending, and it became the alternative solution to the traditional physical casinos so that they could continue the world of gambling for gamblers.

Now, when the COVID is over, gamblers can choose between land-based casinos and online casinos, which means that the COVID-19 situation has improved even more because gambling has now become less hassle for gamblers, even if they are in another country. They can gamble online.

madnessteat

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Quote from: Saisher on November 04, 2023, 07:40:16 AM

Quote from: Odohu on November 03, 2023, 07:21:50 AM

I have the feeling that in the near future, the competion will be fierce that conventional casinos will adopt crypto in other to remain in business.

It's already happening and Crypto casinos are already taking the lead, just look at the sponsorships of big sporting events being headlines by Cryptocasinos, I cannot name a single traditional fiat-based casino that is popular now more than the top Crypto casinos in the industry.
It's not a question of competition anymore it is a question of when will all these traditional or fiat-based casinos will integrate or include Cryptocurrency in their platform.

This is not surprising, as working with cryptocurrency is much faster, safer and more convenient than with money on a credit card or cash. In addition, the threshold of entry to cryptocurrency online casino is so low that a person can figure it all out on their own spending 1-2 hours, and having figured it out, making a deposit will take minutes. It seems to me that over time in any land-based casino will be possible to deposit cryptocurrency. The only question is the regulation of this sphere.

Lanatsa

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Quote from: alani123 on November 03, 2023, 06:48:44 AM

Throughout my years using cryptocurrency I've noticed that there are some differences between people that use crypto and those that might not. People using crypto are usually more aware of little details, they seek out to have more privacy and better sources of information. So that followed suit when it came for crypto to meet gambling as well.

It was crypto casinos that popularized the notion of provably fair gambling, and now the world had access to a technology that could undeniably prove the randomness of each bet. Regular online casinos to this day avoid using this technology, and gamblers that are not aware of crypto's perks rarely ever inquire about it. This is yet another good example of a difference between crypto gamblers and regular gamblers.

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

Honestly i dont really see the difference in speaking about peoples or gamblers awareness about on the things that they are involved into on which it would really be just that so normal that there might be some lapses in terms of some small details but eventually those things would really be that learnt along the way on which i dont see the difference in between crypto gamblers than with those typical ones or something that involves with fiat or to those default ones. It would really be just that normal that there might be something slight difference on how it do operates but in overall it is really just that similar.
Difference is that they do involved into some payment methods on which in between fiat and crypto but in overall, gamblers would really be just thinking up the same.

The thing on here is that no matter what you are really that engaging into, you are really that still doing gambling on which it is really that always important that control and moderation would
really be that needed because both things are really just that the same.They do only differ only on the time that payments or transactions been made
but the overall correlated ideas are just the same.

Kemarit

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Quote from: Saisher on November 04, 2023, 07:40:16 AM

Quote from: Odohu on November 03, 2023, 07:21:50 AM

I have the feeling that in the near future, the competion will be fierce that conventional casinos will adopt crypto in other to remain in business.

It's already happening and Crypto casinos are already taking the lead, just look at the sponsorships of big sporting events being headlines by Cryptocasinos, I cannot name a single traditional fiat-based casino that is popular now more than the top Crypto casinos in the industry.
It's not a question of competition anymore it is a question of when will all these traditional or fiat-based casinos will integrate or include Cryptocurrency in their platform.

True, I mean in the pandemic, we have seen a lot of crypto based gambling suddenly popping out in our community and up to this day they are still in the mix and the competition are very tough as they wanted to take a big slice on this billion dollar industry. So once in a while we will see new casinos, unlike land base wherein we haven't heard any new one because just the cost of establishing one is billion dollar and it might take years before they can get a decent ROI.

So definitely competition is here and I will not be surprised if crypto based will be on the top of the game right now. Maybe the OP is right that crypto gamblers are not that easily trick because of the way we wanted to play in this casinos, we looks for trust and reputation before we will deposit some money and play with.

Saisher

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Quote from: Odohu on November 03, 2023, 07:21:50 AM

I have the feeling that in the near future, the competion will be fierce that conventional casinos will adopt crypto in other to remain in business.

It's already happening and Crypto casinos are already taking the lead, just look at the sponsorships of big sporting events being headlines by Cryptocasinos, I cannot name a single traditional fiat-based casino that is popular now more than the top Crypto casinos in the industry.
It's not a question of competition anymore it is a question of when will all these traditional or fiat-based casinos will integrate or include Cryptocurrency in their platform.

Kakmakr

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The Brick n mortar (or land based) casinos use a lot of strategies to get people to bet more and also to gamble for a longer time. (Example : They do not have windows to the outside for instance, so that you do not keep track of the time)

They will also place the games with the best RTP in the areas where people do not want to sit... (busy areas or in corners) .... so your typical Crypto gambler are not influenced by these tricks. Wink

Natsuu

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It doesnt make sense. I can tell that people's experiences with gambling can vary widely but I think regardless of whether they are involved in traditional gambling or crypto gambling, both can develop strategies and make educated decisions to manage their money effectively. Both have equal risks to fall prey to deceptive tactics and psychological traps and its essential for anyone engaging in gambling activities to be aware of the risks and gamble responsibly, regardless of the platform they choose.

len01

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Quote from: alani123 on November 03, 2023, 06:48:44 AM

-snip

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

not sure if my answer has been answered by others, but my opinion is just about experience.
you say that crypto gamblers are smarter in handling all risks such as money management or even avoiding fraud regarding bonuses etc., but its not only crypto gamblers who can do all that and ordinary gamblers are also able to have the attitude that crypto gamblers have because for me this is just about a gambler experience not about whether he is a regular gambler or a crypto gambler.

It is often discussed that experienced gamblers know better how to manage money and know how to understand risks and of course know which sites give real bonuses and which sites give fraudulent bonuses. so we can not make assumptions just because of crypto gamblers and regular gamblers because its all about the differentiating experiences not about the base.

piebeyb

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Quote from: Japinat on November 04, 2023, 04:15:16 AM

Learning about crypto gambling is actually quite easy. If a gambler is curious to learn, they can search online, especially on YouTube, and they'll understand more about it.

Yes, it's true that there are lots of them available on YouTube and even on social media, but talking about crypto gambling is not easy for those who are beginners, of course they need to learn more about the crypto that they want to use and study, but in my personal view they need to learn more in This forum is because of course they can get more information about any crypto because this is where there are many crypto communities that can be relied on, especially when it comes to crypto gambling, everything is here without having to look on YouTube and social media.

Not many people who use crypto use crypto to gamble because they prefer to keep it as a hedge and use it as an investment for themselves rather than spending it on gambling, therefore most people who gamble use stablecoins to gamble, which is better than gambling using crypto.

livingfree

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Because with crypto gamblers, we are estimating the value in terms of dollar or with fiat value with the amount that we're going to gamble for specific cryptos like Bitcoin.

While the regular gamblers, they're plain and simple and there's no need for estimation or calculation with how much they're going to gamble with.

Usually, after winning, most gamblers are cashing out and then spend it with whatever they want. With crypto gamblers, we value that and there's even a chance that we don't spend it at all and just holds it the way an investor does.

gunhell16

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Quote from: alani123 on November 03, 2023, 06:48:44 AM

Throughout my years using cryptocurrency I've noticed that there are some differences between people that use crypto and those that might not. People using crypto are usually more aware of little details, they seek out to have more privacy and better sources of information. So that followed suit when it came for crypto to meet gambling as well.

It was crypto casinos that popularized the notion of provably fair gambling, and now the world had access to a technology that could undeniably prove the randomness of each bet. Regular online casinos to this day avoid using this technology, and gamblers that are not aware of crypto's perks rarely ever inquire about it. This is yet another good example of a difference between crypto gamblers and regular gamblers.

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

In my opinion and observation, crypto gamblers value their crypto winnings more than regular gamblers in traditional casinos. Maybe that's because of the cryptocurrency we use here, while in traditional casinos only fiat currency is used and nothing else.

Then the bonuses are better compared to this in the crypto gambling business compared to the traditional one. Here, for crypto gamblers, when others win by playing gambling, the crypto assets they won, when they hold it, there is a chance that the value will increase, although it is volatile unlike that of Fiat.

Japinat

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Quote from: cafter on November 04, 2023, 04:06:19 AM

most people in my country don't have enough knowledge about these things or don't want to learn and take responsibility so they even make their account by asking to friend who know about this things.

Many people may not know about crypto gambling, but I'm sure there are already plenty of gamblers who have tried traditional gambling platforms. In fact, using traditional fiat platforms is the safest option if you don't mind giving up some privacy, as they are regulated in your country. This means you can take legal action if you get cheated.

On the other hand, with crypto casinos, most of them don't operate in our country. So, we have to take a risk and trust them, knowing that there might not be any legal recourse if we get scammed. However, this risk can be minimized by choosing a reputable gambling site.

Learning about crypto gambling is actually quite easy. If a gambler is curious to learn, they can search online, especially on YouTube, and they'll understand more about it.

redsun114

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Quote from: alani123 on November 03, 2023, 06:48:44 AM

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

I don't see how that has anything to do with someone being a crypto or regular gambler. People who lack experience and basic knowledge will become victims of scams or deceptive bonuses and stuff and get carried away, betting more to recover the losses, or any other psychological decisions is not related to using cryptocurrency or fiat for gambling but they depend on the person and their mindset about gambling and mainly, how self-controlled they are.

I know that traditional fiat casinos that operate online don't have technologies such as a provably fair system or don't have a lot of options for the gamblers to choose from for deposits and withdrawals, they might even have different games than the ones that we see in cryptocurrency casino platforms. I believe they will adapt and evolve as we move further into the future.

cafter

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it's obvious because we are in crypto space because we are curious interested to learn more about technology. I am not talking about those new people who just figure out about crypto and just trade on exchanges and nothing know about blockchain, privacy, etc.
people like us are curious to learn more about technology. so we have better tech knowledge so we read everything and try to understand if not understood we research about those terms.
most people in my country don't have enough knowledge about these things or don't want to learn and take responsibility so they even make their account by asking to friend who know about this things.

Outhue

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Quote from: TopTort777 on November 03, 2023, 06:58:22 AM

Quote from: alani123 on November 03, 2023, 06:48:44 AM

Throughout my years using cryptocurrency I've noticed that there are some differences between people that use crypto and those that might not. People using crypto are usually more aware of little details

I have noticed opposite difference. People who gamble with crypto are more careless than people who gamble with fiat. And I think I have an explanation for that. Crypto gamblers are under influence "easy come easy go". All people who gamble, convert unintentionally their bets with their national currency and salary. So their 1 dollar bet always be equal to 1 dollar. People who bet crypto care less on an outcome because, lets say the difference in currency prices in the past and todays price let them feel more free. For example a guy who has bought 1 BTC when the price was 5k, will easily place a 0.1 BTC bet when Bitcoin price is 69k, because he will still have 62k worth asset. But the guy who will make a 6900 bucks worth bet will think twice before doing it.

No, I don't agree, people who are rich in crypto are more careless when they are gambling, they have it all so why won't they do anyhow? It depends on the person who is gaming with crypto, if buying crypto cost me a lot and I still carelessly gambling it away I will feel hurt, it depend on how you get the crypto, you can pretend as if you don't care but that's because you don't sweat on getting the crypto...

This type of move is why people believe that you don't work hard for your money, and crypto is money, if you start spending your fiat or crypto lavishly it shows that you are a scammer or the assets don't really belongs to you, for whoever work extremely hard for their assets or cash won't think about wasting them away no matter how gigantic their bank account is, what the hell is easy come and easy go? Like everyone can afford 1 BTC today, you should have separate the points apart.

Not every Bitcoin holders are whales, not every bitcoin holders are early buyers, some can't even get 0.01 BTC since they started their dollar cost averaging, I care about my crypto and it's what I use for gambling, I don't like losing them because I am a responsible gambler, it is not easy to accumulate crypto even if it's not BTC, so for me every dollar matters.

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In terms of money just digital and physical in the physical casino they have a money converted into tokens in the crypto casino they have the crypto as their token it is. Just the mode of payment or wagws is just the difference not have too much to compare. But if we talk about the casino itself it's easier for the regular casino to raise a concern than the online casino because you can check them out face to face and another thing you don't need to submit a KYC into a casino online the online but of course still they have records to the player who abuse their system for possible blacklisting.

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Quote from: 0t3p0t on November 03, 2023, 10:04:10 AM

Majority of gamblers do it with fiat as it is more convenient and of course requires from little to no technical skills to get into it. Crypto gamblers I think just want privacy and of course the ability to have much more advance ideas most specially in taking risks than fiat based gambling. Crypto gambling here in my country is not common that is why anyone who has plans to jump-in must do their own due diligence. Fiat or regular gamblers are reckless and then they always ends up so badly due to the fact that they sometimes don't anticipate or need to have technical ideas about the platform or a specific betting.

Fiat gamblers also want privacy and that's why most online casinos still have Fiat as one of their payment option on the platforms, I remember the first time I had my experience with gambling, it was on a online casino and I used Fiat for the first time to gamble, today I just decide to stick with crypto gambling because I am 1000% into crypto than anything else.

Every gamblers, either those who use Fiat or Crypto are reckless, the main reason many people are gambling is because of their present condition, or maybe poverty, they are simply trying their luck to have better days or future, technical ideas don't always work in gambling, this is just me saying this, no one should take it very serious, I believe there is more to gambling than we know, because it's luck based it feels like gambling have something to do with the spirit being in us, maybe this was why Jesus hates gambling.

It's something that have everything with the spirit part of every being, it either messed it up or reshaped you into a very strong man, those who are into gambling very well knows that luck comes when you least expect it but if you rely on luck too much it will deal with you mercilessly, this is why the Holy Book encourages hard work than putting yourself at a bigger risks.

pinggoki

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Quote from: freedomgo on November 03, 2023, 10:29:57 AM

I don't see a huge difference between crypto casinos and regular gamblers who use fiat casinos. When it comes to games, if blockchain is involved, fiat casinos can't compete. However, the biggest games in the crypto gambling industry still come from sports betting, if I'm not mistaken. They offer the same types of games as fiat casinos, but the difference is that in crypto casinos, we can maintain our privacy as they don't require gamblers to comply with KYC directly. They also allow gamblers from countries that are banned by fiat casinos. So when it comes to convenience, I'd choose crypto casinos. However, in terms of security, I think fiat casinos have the upper hand.

That's cause there isn't any big difference, maybe the aspect of crypto gamblers being mostly online and pseudonymous can be the only striking difference but the online part can be debated too as there are fiat casinos that are operating online too. Another difference although not huge would be the payment system is, which is fiat for the fiat casinos and cryptocurrency for crypto casinos which isn't really a big difference, maybe what @0t3p0t is the only big difference if I am corrected, that there's some technological skill involved in crypto gambling since you've to know how to set up your wallet and how to buy the crypto that you're going to use to gamble.

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From what I've seen, people who use cryptocurrencies are naturally skeptical and want to learn a lot. Why? Because data is king in the world of crypto. Cryptocurrencies are decentralized, which means that users have to be more careful and proactive about where they put their trust.

Provably fair gambling is a truly revolutionary idea that bridges the gap between regular gamblers and crypto gamblers. Regular casinos that dont use these kinds of openness measures are, to be honest, out of date and show that they dont care about fair games. Individuals who do not use cryptocurrency to gamble are unintentionally at a disadvantage because they do not expect this level of openness. What you say about the psychological tricks that regular bettors fall for is a harsh truth. The intellectual gap is made even wider by the appeal of fake bonuses and other casino tricks. Crypto players naturally build a defense against these kinds of psychological traps because they are always trying to learn more. Do I think this gives them an edge? Of course.

Wexnident

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Quote from: alani123 on November 03, 2023, 06:48:44 AM

~

Nah. It's probably because most of the people you've been with or have seen with gambling are the ones who fall for the tricks. Not to mention that comparing crypto gamblers to gamblers can be rather different since crypto is relatively young compared to gambling itself. Add to that how the "deceptive" tricks of casinos are basically the same as crypto casino tricks, there's really not much to compare here. I guess crypto casinos required crypto gamblers to just have that additional layer of knowledge, but let's be real, the majority probably don't even know how it actually works. They just know the knowledge itself.

As for the privacy part, to be fair, most crypto casinos are actually KYC-enabled. I don't think it matters that much when comparing the two really.

Topic: Difference between crypto gamblers - regular gamblers - page 3. (Read 655 times)