Gambling and Bitcoin? - page 12. | Bitcointalksearch.org

jakelyson

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Quote from: Kotone on April 29, 2016, 06:51:54 AM

Quote from: jakelyson on April 29, 2016, 03:20:39 AM

It is best to gamble using bitcoin because of the ease on funding your account. About the cons, you can always avoid sites that are fishy in nature. Or you can just withdraw your coins regularly so that if that site suddenly shutdown, your coins will not be lost or at least only minimal amount of coins are lost. Even on gambling, you have to study or research the sites you are joining.

I agree, its very easy to use bitcoin in gambling, as of now gambling is the reason why blockchain transactions are congested.
About the cons, yes you just have to be smart when you know what happens when you deposit to them.

Gambling is also making bitcoin stable because of the numbers of transactions it do everyday. It is almost that gambling is the only real industry that is making bitcoin alive. I just hope that we are not stuck to gambling. I hope other industries also adopt bitcoin so that bitcoin can have real progress. If other industry join in using bitcoin, more people will be attracted to it, not just gamblers.

Hatuferu

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Quote from: Banjiro on May 09, 2016, 07:12:05 PM

Quote from: FabioDelcatto on May 09, 2016, 09:49:25 AM

Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.

That's true gambling and bitcoin will works together and I think that bitcoin for gambling is the future of bitcoin too
Because so many gambling site accepted bitcoin for deposit and withdrawal.

We can see that there will more gambling sites that will be established in the near future, this is a good market for them for those bitcoin users to avoid government restrictions, in that sense they can enjoy their profit at the maximum level.

Banjiro

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Quote from: FabioDelcatto on May 09, 2016, 09:49:25 AM

Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.

That's true gambling and bitcoin will works together and I think that bitcoin for gambling is the future of bitcoin too
Because so many gambling site accepted bitcoin for deposit and withdrawal.

knowhow

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Quote from: FabioDelcatto on May 09, 2016, 09:49:25 AM

Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.

Well gambling is the main industry where bitcoin is being used these days,sure the fack that some casinos run away with the money from investors is bad as damage an industry that makes a lot interest on the games the offer to their costumers,even 1% house edge can mean 100 bitcoins proofit end month,the thing is bitcoin borned to gambling as some countries doesnt allow to do with fiat money.

FabioDelcatto

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Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.

Zooplus

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Quote from: JeanMcCoy on April 30, 2016, 01:54:02 AM

Quote from: roadbits on April 29, 2016, 09:29:45 PM

Quote from: BlackPanda on April 29, 2016, 08:57:08 PM

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.

What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.

It is getting working together and that is quite nice because there are now also a lot of people that is using Bitcoin and they use it as their payment method.
So that will change also and the world is also getting more digital.

The world in the future will be adopting to bitcoins, although today most of the adopters are the gamblers because of the benefits they get from using bitcoin but I am also optimistic that other establishments or businesses will be using bitcoins when they understand the value of bitcoins in the future.

They can use it in online shopping, but still the gambling industry cannot be defeated with the highest number of users on bitcoin.

JeanMcCoy

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Quote from: roadbits on April 29, 2016, 09:29:45 PM

Quote from: BlackPanda on April 29, 2016, 08:57:08 PM

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.

What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.

It is getting working together and that is quite nice because there are now also a lot of people that is using Bitcoin and they use it as their payment method.
So that will change also and the world is also getting more digital.

moppang

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Quote from: roadbits on April 29, 2016, 09:29:45 PM

Quote from: BlackPanda on April 29, 2016, 08:57:08 PM

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.

What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.

Wah is too much 70 to 80% bitcoins are using in gambling. I think only 40% and 40% bitcoin are using too in an exchange
But I dont know for sure how much bitcoins are using in gambling and exchanger.

goldcoinminer

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Quote from: forzendiablo on April 29, 2016, 09:45:08 PM

for USA people BTC is the only way
and that should push the price when americans understand it Wink

I think people from the USA already understood what is the use of Bitcoin, I believe there will be a massive adoption from them in the future, and I also believe that if that will happen the gambling and bitcoin industry will boom as majority of the bettors or gamblers came from the county of USA.

forzendiablo

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the grandpa of cryptos

for USA people BTC is the only way
and that should push the price when americans understand it Wink

richjohn

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I think gambling is necessary to bitcoin since most of the bitcoin users use gambling to grow their coins. And another thing is that most people use their coin at gambling.

roadbits

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Quote from: BlackPanda on April 29, 2016, 08:57:08 PM

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.

What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.

BlackPanda

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bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.

Hatuferu

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Quote from: actmyname on April 29, 2016, 08:03:50 PM

Everyone's answering a question that has never been asked in the first place (by OP, anyway - it popped up later in the replies) about whether they should do it or not.

Here's the thing. Gambling is such a large part of bitcoin that it even has this section and subsections for itself. This is one of the most popular boards (though it's populated by spam) and gambling is a huge industry in bitcoin. The ease of bitcoin allows potential casino owners to reach out to wider horizons and it'll help newer smaller businesses start up. On the topic of scams and whatnot... for the large gambling sites that have been scams, I get it. It's a big deal. But taking a small minority of the entirety of gambling sites related to bitcoins is literally just using half-truths.

There's a lot more buzz about bitcoin partially thanks to the gambling aspect. We should at least respect that. Untaxed gambling is after all an appeal.

That's true bitcoin and gambling industry are strongly related with each other, and that is the good news and it can be an opportunity for us to be positive because the gambling industry are the major users of bitcoin. In the future they will a mass adoption of bitcoin and we can gamble at a gambling sites where our needs are met.

actmyname

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Spear the bees

Everyone's answering a question that has never been asked in the first place (by OP, anyway - it popped up later in the replies) about whether they should do it or not.

Here's the thing. Gambling is such a large part of bitcoin that it even has this section and subsections for itself. This is one of the most popular boards (though it's populated by spam) and gambling is a huge industry in bitcoin. The ease of bitcoin allows potential casino owners to reach out to wider horizons and it'll help newer smaller businesses start up. On the topic of scams and whatnot... for the large gambling sites that have been scams, I get it. It's a big deal. But taking a small minority of the entirety of gambling sites related to bitcoins is literally just using half-truths.

There's a lot more buzz about bitcoin partially thanks to the gambling aspect. We should at least respect that. Untaxed gambling is after all an appeal.

lorylore

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Quote from: fullypak on April 29, 2016, 07:44:28 PM

Quote from: lorylore on April 28, 2016, 11:38:12 AM

Quote from: Mr.grin on April 28, 2016, 10:53:07 AM

well, Gambling and bitcoin is one. I guess if it was about gambling, there must be a bitcoin in it, because bitcoin users more gamblers than investment. besides the rapid transaction of bitcoin make gambling sites accept bitcoin, because of convenience owned bitcoin transactions

bitcoin has so much more uses than use it for gambling. it can be one of the best currency transactions, fast confirmation etc. However, many people still prefer fiat for gambling. It is just that this community have a lot of btc gambling.

Yes, I do agree on what you said like fast confirmations and easy and safer way to handle transactions with less fee. But as of now bitcoins are using mostly in gambling industry and that's why bitcoin demand is still high. I don't see apart from gambling any other places people are using it for any big transactions. Some sites accept bitcoins to buy online but those are very small compared to gambling transactions.

yup, that is the problem. bitcoin is stuck in gambling. There is another area that uses a lot of bitcoin and all these are illegal trades. So in another words, bitcoin has so much potential but we should not just be contented that it excel in one area only.

fullypak

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Quote from: lorylore on April 28, 2016, 11:38:12 AM

Quote from: Mr.grin on April 28, 2016, 10:53:07 AM

well, Gambling and bitcoin is one. I guess if it was about gambling, there must be a bitcoin in it, because bitcoin users more gamblers than investment. besides the rapid transaction of bitcoin make gambling sites accept bitcoin, because of convenience owned bitcoin transactions

bitcoin has so much more uses than use it for gambling. it can be one of the best currency transactions, fast confirmation etc. However, many people still prefer fiat for gambling. It is just that this community have a lot of btc gambling.

Yes, I do agree on what you said like fast confirmations and easy and safer way to handle transactions with less fee. But as of now bitcoins are using mostly in gambling industry and that's why bitcoin demand is still high. I don't see apart from gambling any other places people are using it for any big transactions. Some sites accept bitcoins to buy online but those are very small compared to gambling transactions.

BTCLovingDude

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BTC to the moon is inevitable...

bitcoin has the potential to revolutionize gambling, and it has already begun to do this. bitcoin is just too good a technology that can be used in a lot of different fields whether it is online or offline.

i believe that soon we will witness the gambling market grow so big it is going to make a lot of sound in the world

Kotone

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Quote from: jakelyson on April 29, 2016, 03:20:39 AM

It is best to gamble using bitcoin because of the ease on funding your account. About the cons, you can always avoid sites that are fishy in nature. Or you can just withdraw your coins regularly so that if that site suddenly shutdown, your coins will not be lost or at least only minimal amount of coins are lost. Even on gambling, you have to study or research the sites you are joining.

I agree, its very easy to use bitcoin in gambling, as of now gambling is the reason why blockchain transactions are congested.
About the cons, yes you just have to be smart when you know what happens when you deposit to them.

lorylore

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Quote from: jakelyson on April 29, 2016, 03:20:39 AM

It is best to gamble using bitcoin because of the ease on funding your account. About the cons, you can always avoid sites that are fishy in nature. Or you can just withdraw your coins regularly so that if that site suddenly shutdown, your coins will not be lost or at least only minimal amount of coins are lost. Even on gambling, you have to study or research the sites you are joining.

that is the bad thing about btc casino, there is way too many scammer trying to get quick cash from people. They can just attract enough people to come in to play and when there is a risk of losing the bank pool, they just close the website and took off with all the btc deposited.

Topic: Gambling and Bitcoin? - page 12. (Read 10379 times)