Topic: Gambling and Bitcoin? - page 13. (Read 10363 times)

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.

When people can earn some money and they see some opportunity to make money , they usually no doubt for gamble out their money.

Just same as when you're earning bitcoin. But spending bitcoin can clumsy since they are easier to use and untraceable !

As you can see now you see that gambling is getting more used and that is perfect for the future also so that is quite nice but nobody will know what the value will be soon.
And they are going to use Bitcoin for gambling because it is easy to use that payment method and it works also nice.

That's the saddest truth if that will happen, getting our bitcoins in this may it be from signature campaign or any other task we completed is a hard earned money and it we gamble it all, it is just like we are working hard to donate it to the gambling site.

Gambling is good by nature if we can manage it properly, remember that if we are happy doing gambling then that would have a positive effect in our life, experience is the best happiness compared to material things so to enjoy it we have to bet only what we can afford to lose.

Yes. we all have options anyway.

but i choose to have a go. gamble using bitcoin after all, its easy earning bitcoin when you are in this forum. but you may however lose all those that you've earned. And this is your choice, its all up to you. those houses that suddenly disappear along with the bitcoin of users is just one of the things to avoid though. consider researching first before you deposit your btc to the gambling sites.

LOL The highlighted text is 100% not true.

Bitcoin is a crypto-currency while gambling is what you do when you take risks in hopes of getting profit in return. Bitcoin is not just about gambling. And gambling is not just about bitcoin. So how is gambling and bitcoin can be considered as one? I wish that you reply on our posts because we all seem interested with your statement. Maybe you've got some explanation there?



I agree on this one. Almost all bitcoin users are doing gambling but when it comes to how much they have, I think the gamblers have just have the small percentage of the total bitcoins in the world. There are tons of whales doing tradings, investing, buy and sell, ad campaign, etc and especially there are tons of whales holding their bitcoin and just waiting for its price to shoot up. Maybe you played in a popular bitcoin casino before and think that there's a lot of people playing there already. I just want you to know that there's 800,000+ members in this forum and I'm pretty sure a lot of them do gamble but most of the gamblers out there doesn't have that much, that's why they're gambling.



Yep this is one of the advantage/disadvantage of bitcoin. In bitcoin, you can send people from anywhere in the world any amount you have. That's why a lot of gambling sites are accepting bitcoins and only bitcoins. That's the advantage of bitcoin.

As for the disadvantage of it, some people might think the transaction is fast but it really isn't. If you're gambling and you want to add some on your bankroll for some reason, you want your money to go to your account in an instant. But in bitcoin, it takes 25 minutes or more before you receive confirmations. A lot of people in gambling sites are ranting about this problem.

I think 10 years from now, bitcoin will be exploding and the adoption of the people will be massive. People will be educated in future that they will understand the transparency the bitcoin brings. I am very much optimistic on my prediction as I myself I have already proven the good usage of bitcoin specially in gambling.

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.

that is not entirely true.
although i agree that bitcoin gambling is very big right now and also it is a growing market, it is only a small part of bitcoin.
bitcoin is mostly used as an investment and for trading, which is the biggest part of it then there is a lot of use cases for bitcoin as a currency that one of them is gambling, which is not the biggest yet.

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 is getting more popular and more used and also more acceptable and that is the best thing that can happen to the currency on this moment.
The only thing that must change is the value so people have more worth for their payment method and also can gamble more.

currently yes people more likes bitcoin gambling than traditional gambling because bitcoin easy to use and no need big pocket to carry huge bitcoin because you can use cold wallet or online wallet in your devices also the most important is you can do a gambling on everywhere even it in your room with bitcoin as long there are internet connections at there

Most of the online gambling sites especially sportsbook only accept bitcoin, they do it because among all the crypto currencies bitcoin is the most popular and stable. Of course by doing it they already identified the risk that is why they limit also the bet of an individual bettors.

As you can see now you see that there will be more people now that is going to use Bitcoin for gambling and that is because they use Bitcoin as their payment method.
And that is quite nice because how more Bitcoin will be used how better for the future and currency itself.

Correction bitcoin is not a currency. is just a crypto currency or ecurrency you should exchange the ecurrency first before you can gamble it for compatible sites if you use bitcoin you should gamble it in bitcoin gambling sites not on usd gambling..
And i think its more fun and bitcoin because more gambling sites are related in bitcoin unlike in usd.. you need to buy credits instead of usd before you gamble..

yeah, you are true bitcoin is a currency and is used in gambling like other currency, and we can bet with any currency at gambling, but the problem with other currencies is that, we will not be remain anonymous and we will come into notice that we are also on gambling and so going at there for some famous persons becomes hard, while with bitcoin everyone can go to gambling even the president of a country.

yeah, i think that is a good description of the relationship between gambling and bitcoin.

bitcoin is an excellent way of gambling because it is cheap to deposit and withdraw because of the fees, even if you are investing small or big amounts.

and also gambling can make bitcoin more popular because it is a way of spending bitcoin on a service after all.

You are right bitcoin and gambling different. Gambling for the payment and gambling for gamble
But to play in gambling you need to deposit bitcoin there to play.

Yes I agree, however I would like to say this that base on my observation most of the users of bitcoin is from the gambling industry. This gambling and bitcoin plays hand in hand to improve their industries both the gambling and the crypto currency industry.

Bitcoin can go with any online payment service, not just gambling.