February was Record Month for Bitcoin Gambling - page 3.

roadbits

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Quote from: LittleBitFunny on March 15, 2017, 12:59:58 PM

Quote from: piloder on March 15, 2017, 12:53:25 PM

3 BTC per minute is quite huge but there is nothing mentioned about source of this datas. How this statistics were calculated, as most of the bitcoin casino doesn't show their full stats how author have calculated all this amount. The only casino that is mentioned is cloudbet, does this stats is based solely on cloudbet. Huh

True, we have no genuine way of knowing whether these statistics are accurate.

But if they are, that's great. Gambling is a huge industry, and I think this shows gamblers' increasing association with attempts to be anonymous. It's great that, since in many countries gambling is illegal, people can be much safer gambling online with casinos they trust using a convenient currency and I think that online Bitcoin casinos are going to make their way closer to the mainstream for gamblers.

It's a great record, and I never imagine that a gambling site will make this much profit, and I also have doubt that this statistics is only for one site or all sites. But anyhow this article will tempt rich people to create their own online gambling casino site. In future, the number of online sites will increase day by day. Yes, the Bitcoin made easy to play online gambling.

LittleBitFunny

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The first decentralized crypto betting platform

Quote from: piloder on March 15, 2017, 12:53:25 PM

3 BTC per minute is quite huge but there is nothing mentioned about source of this datas. How this statistics were calculated, as most of the bitcoin casino doesn't show their full stats how author have calculated all this amount. The only casino that is mentioned is cloudbet, does this stats is based solely on cloudbet. Huh

True, we have no genuine way of knowing whether these statistics are accurate.

But if they are, that's great. Gambling is a huge industry, and I think this shows gamblers' increasing association with attempts to be anonymous. It's great that, since in many countries gambling is illegal, people can be much safer gambling online with casinos they trust using a convenient currency and I think that online Bitcoin casinos are going to make their way closer to the mainstream for gamblers.

piloder

legendary

Activity: 966

Merit: 1006

3 BTC per minute is quite huge but there is nothing mentioned about source of this datas. How this statistics were calculated, as most of the bitcoin casino doesn't show their full stats how author have calculated all this amount. The only casino that is mentioned is cloudbet, does this stats is based solely on cloudbet. Huh

szpalata

sr. member

Activity: 686

Merit: 253

Quote from: darknetmarkets.co on March 15, 2017, 03:40:45 AM

Read more how the average bitcoin casino saw 3 BTC gambled every minute: https://bitcoincasinos.reviews/bitcoin-casinos-set-record-with-average-of-4000-gambled-every-minute-in-february/

That's huge and a crazy statistics makes me want to open a Bitcoin gambling website because if he rate of profitability. I didn't know they make that much and 3 BTC a minute is so huge.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: noodle_dam on March 15, 2017, 10:11:19 AM

I think people are not valuing bitcoin as they should be. Embarrassed

Since the ETF ruling you can see bitcoin has been stable after that and 30 btc per minute is over $3000.
That is dangerous because you know about 95% of those players are losers.
And the casino's are the only winners of your value bitcoins. Embarrassed

HaHa. Good point they will eventually lost all their money in the casino with those precious bitcoin. The house always rule. Anyway, I don't know why February was a record month. Maybe a lot of gamblers now are shifting to bitcoin as mode of currency to play and don't want to use their visa or mastercard to deposit money. Gambling industry really benefits a lot from bitcoin ecosystem. Probably online gaming site are really profiting big time right now because of bitcoin.

Fredomago

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Leading Crypto Sports Betting & Casino Platform

its just co incidence i guess as many people seen bitcoin is easy to transact with especially for those gamblers who loves easy transaction service
as many gamblers around the world are seeing how easy this system can be used so many of them are adopting bitcoin and we will see more coming from them to use this for their bets.

noodle_dam

hero member

Activity: 530

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I think people are not valuing bitcoin as they should be. Embarrassed

Since the ETF ruling you can see bitcoin has been stable after that and 30 btc per minute is over $3000.
That is dangerous because you know about 95% of those players are losers.
And the casino's are the only winners of your value bitcoins. Embarrassed

NorrisK

legendary

Activity: 1946

Merit: 1007

Gambling is a big industry and bitcoin enables people to get around a lot of legislation that comes with it.

No wonder more and more people are catching up with the possibilities of using bitcoin for gambling.

joshy23

sr. member

Activity: 1078

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February coincidences with the prior month of bitcoin ETF so is likely people have dump their bitcoins before the ETF and gamble the profit they got from the price increase.

"A total sum of 117,971 bitcoin has been staked throughout all of February which is surprisingly a high number. This averaged almost 3 BTC per minute. It is also one of the highest strength of Bitcoin, as the average bet scope was just 0.00013911 BTC."

Yeah this is really huge, I hope they got the statistics correct. I was quite surprise as well.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

This is a shocker, damn, 3 BTC every minute? Bitcoin really is being known because of these gambling activities. And as said in the article, bitcoin will be really more welcome to casinos because of this. But I am becoming curious, why February?
Are these gamblers want to give luxury to their girl friends and family?

darknetmarkets.co

member

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Read more how the average bitcoin casino saw 3 BTC gambled every minute: https://bitcoincasinos.reviews/bitcoin-casinos-set-record-with-average-of-4000-gambled-every-minute-in-february/

*Made a comment below about this but check out this statistics website to see how each number was calculated.

https://thebitcoinstrip.com/stats/2017-02-01-to-2017-02-28

Topic: February was Record Month for Bitcoin Gambling - page 3. (Read 1117 times)