how big? - page 4. | Bitcointalksearch.org

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: FontSeli on July 14, 2020, 07:40:02 PM

Quote from: milewilda on July 14, 2020, 07:33:57 PM

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Absolutely correct because People that wanted to gamble will surely Use any currency in their wallets .

as we know that gamblers most likely to play at any cause just to satisfy their needs to bet in each time.
So yes i think it doesn't have to be crypto or fiat but what is available that certain time.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Fundamentals Of on July 14, 2020, 11:51:31 PM

Quote from: michellee on July 14, 2020, 11:41:49 PM

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

Yes, that is us Grin

We don't want to be known by other people, and coincidentally, we are online and find online crypto gambling in the past, so we can playing gambling without other people knows.

If I am a popular or a government or an employee, I will use an online crypto gambler to gamble than to go to the offline casino. I can get pleasure from gamble, have fun by myself, and enjoy my time in gambling.

Quote from: kotajikikox on July 15, 2020, 02:11:41 AM

Quote from: michellee on July 14, 2020, 11:41:49 PM

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Addicted gamblers will use all platforms just to satisfy their gambling habits so either offline or online they will play as all resources are available for them.

Not for me Grin

. Because I don't use all platforms to gamble, and I don't want to become addicted gamblers Grin

Quote from: FontSeli on July 15, 2020, 06:51:08 AM

Quote from: michellee on July 14, 2020, 11:41:49 PM

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Naturally, casinos in Las Vegas will not accept cryptocurrencies for a long time. Because this is not directly permitted by law. And they do not need to lobby for such a law because they have no shortage of clients.

Sooner or later, the casino in Las Vegas will slowly try to accept cryptocurrency, especially if the crypto becomes popular in that city, and many people are asking about using cryptocurrency as the bet.

FontSeli

hero member

Activity: 1232

Merit: 858

Quote from: alani123 on July 15, 2020, 03:15:22 PM

Quote from: FontSeli on July 14, 2020, 07:40:02 PM

Quote from: milewilda on July 14, 2020, 07:33:57 PM

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

That is something entirely dependent on the current time frame, fees and several other factors. For example, in times where the fees go up high players tend to leave money deposited longer and maybe play but avoid to add small amounts or withdraw often. Also the volatility of crypto markets. Other than that, curremtly tou are right, what matters mkstly at the end of the day is the mknetsry value of their deposit.

It seems to me that it is more important for players whether they win or lose their Deposit than how much their cryptocurrency Deposit is worth now dollars.
When choosing a casino, pay attention not only to the currency in which you can place bets, but also to the popularity of the casino and its reliability, as well as what bonuses are given to players and what is important is whether it is necessary to pass the KYC.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Quote from: FontSeli on July 14, 2020, 07:40:02 PM

Quote from: milewilda on July 14, 2020, 07:33:57 PM

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

That is something entirely dependent on the current time frame, fees and several other factors. For example, in times where the fees go up high players tend to leave money deposited longer and maybe play but avoid to add small amounts or withdraw often. Also the volatility of crypto markets. Other than that, curremtly tou are right, what matters mkstly at the end of the day is the mknetsry value of their deposit.

Fundamentals Of

sr. member

Activity: 2366

Merit: 366

Quote from: 20kevin20 on July 15, 2020, 01:27:19 AM

Quote from: Fundamentals Of on July 14, 2020, 11:51:31 PM

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

Don't most casinos request KYC anyway? The "without getting known or identified" part was a thing years ago (so was gambling on Tor), but today it's quite hard to gamble completely anonymously .. although I do believe identification on casinos is not a very bad idea.

Most crypto casinos do not ask for KYC unless certain transactions or patterns cause some triggers or suspicion. With that, you may be asked to undergo KYC. If everything's pretty much normal, your personal identity will be yours alone.

Identification on casinos may not be a bad idea and may even be done with something good in mind. The possibility of abuse though is always there.

Quote

You can gamble on online fiat casinos as well and nobody would know who you are IRL, what's the difference? Most people don't even know how to use their crypto properly in order to stay at least partially out of the grid.

It would be about basic data privacy.

There are people who use crypto casinos not because of this privacy thing.

FontSeli

hero member

Activity: 1232

Merit: 858

Quote from: michellee on July 14, 2020, 11:41:49 PM

Quote from: FontSeli on July 14, 2020, 07:40:02 PM

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Naturally, casinos in Las Vegas will not accept cryptocurrencies for a long time. Because this is not directly permitted by law. And they do not need to lobby for such a law because they have no shortage of clients.

kotajikikox

full member

Activity: 2478

Merit: 215

★Bitvest.io★ Play Plinko or Invest!

Quote from: Sadlife on July 14, 2020, 09:01:17 AM

Quote from: Lanatsa on July 08, 2020, 07:21:55 PM

Quote from: stadus on July 08, 2020, 07:19:22 PM

Quote from: chaser15 on July 08, 2020, 07:11:14 PM

That $10M loss is just a small amount when we look at the whole.

~

Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

True, most of these gamblers purchase in over the counter method, so authorities wouldn't track them especially if that country is strict with digital assets and most country's including mine prohibits online gambling. So using anonymous cryptocurrency is the way to gamble. The data or statistics for volume of crypto gamblers might not be accurate.

Because that is really the intention behind the betting secretly,Over the counter or using Cryptocurrency to keep their name safer from detection.

Quote from: michellee on July 14, 2020, 11:41:49 PM

Quote from: FontSeli on July 14, 2020, 07:40:02 PM

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Addicted gamblers will use all platforms just to satisfy their gambling habits so either offline or online they will play as all resources are available for them.

20kevin20

legendary

Activity: 1134

Merit: 1598

Quote from: Fundamentals Of on July 14, 2020, 11:51:31 PM

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

Don't most casinos request KYC anyway? The "without getting known or identified" part was a thing years ago (so was gambling on Tor), but today it's quite hard to gamble completely anonymously .. although I do believe identification on casinos is not a very bad idea.

You can gamble on online fiat casinos as well and nobody would know who you are IRL, what's the difference? Most people don't even know how to use their crypto properly in order to stay at least partially out of the grid.

Fundamentals Of

sr. member

Activity: 2366

Merit: 366

Quote from: michellee on July 14, 2020, 11:41:49 PM

Quote from: FontSeli on July 14, 2020, 07:40:02 PM

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

Those who prefer to use crypto for gambling are mostly those who want to gamble without getting known or identified. That's the beauty of crypto gambling which the traditional casinos cannot provide.

If a gambler especially if he is popular or a government worker or official plays at a casino in Las Vegas, for example, could create unnecessary controversies. Many of them would prefer to stay quite and anonymous while wasting money.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: FontSeli on July 14, 2020, 07:40:02 PM

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

Those people will prefer to use their crypto than to use fiat/dollar because they know online crypto gambling, which can make them feel comfortable playing gambling. But when it comes to offline casinos such as playing on the Las Vegas, they will use fiat because they can not use crypto. But both offline and online player gambling games will have a big loss, although we don't know the right number.

FontSeli

hero member

Activity: 1232

Merit: 858

Quote from: milewilda on July 14, 2020, 07:33:57 PM

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

That's right. For an ordinary player playing in an online casino, it doesn't make much difference what currency they bet. It will be a dollar or bitcoin or something else. However, those people who have cryptocurrencies in their wallets will most likely prefer to play at a crypto online casino. And it is for their money that you can arrange competition.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: FontSeli on July 14, 2020, 06:18:41 PM

Quote from: mirakal on July 14, 2020, 05:52:38 PM

Quote from: FontSeli on July 14, 2020, 05:31:12 PM

Quote from: milewilda on July 14, 2020, 05:19:11 PM

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

They don't have to if they see them as part of the industry and a possible online competitor if they have an online casinos.
Crypto may be smaller compared to some traditional casinos but crypto is growing its adoption, in the long run it could be as big as a traditional casinos or even bigger, who knows right?

Thing is, people wants to try an easy way to gamble and crypto offers them what they need, so as long as they understand the crypto continues to offers that, I have no doubt on the increase of its popularity.

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

When it comes to competition then it is somehow normal on business world and we dont know on whats inside into their minds on what they do look upon those existing continuously growing popularity of online crypto casinos or even on fiat ones. In business perspective then they would really see this as a competition since the market is divided into several pieces and basing up on the example which is on Las vegas casinos then
they wouldnt really matter much since they do know on how big they are and sustainable even if those competition does exist.

FontSeli

hero member

Activity: 1232

Merit: 858

Quote from: Natalim on July 14, 2020, 06:36:09 PM

Quote from: FontSeli on July 14, 2020, 06:18:41 PM

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

They will surely find that answer, they might not be able to find the real figure but based on their estimate, they should come up with a decision.
By looking at the crypto market alone, I think we already have an idea, in total, we have a trading volume of over $50 billion a day, I guess that's a good figure to see the potential in opening a casinos business in the crypto space.

https://coinmarketcap.com/charts/

They do not need the amount of capitalization of the entire cryptocurrency market) They would be much more useful to have a figure showing how much of this capitalization is accounted for by the turnover in the crypto-casino.

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: Natalim on July 14, 2020, 06:36:09 PM

Quote from: FontSeli on July 14, 2020, 06:18:41 PM

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

They will surely find that answer, they might not be able to find the real figure but based on their estimate, they should come up with a decision.
By looking at the crypto market alone, I think we already have an idea, in total, we have a trading volume of over $50 billion a day, I guess that's a good figure to see the potential in opening a casinos business in the crypto space.

https://coinmarketcap.com/charts/

Give or take, it's a good gauge for potential casino owner to look at when they really have plans to join the online casino business by looking at bitcoin volume per day and that is really a big figure. It's that not all traders are gamblers, and I'm sure they will take that into consideration. And no wonder we've witnessed tremendous growth lately because potential casino owners are eyeing the make huge profit specially in this pandemic.

Natalim

hero member

Activity: 3038

Merit: 592

BTC to the MOON in 2019

Quote from: FontSeli on July 14, 2020, 06:18:41 PM

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

They will surely find that answer, they might not be able to find the real figure but based on their estimate, they should come up with a decision.
By looking at the crypto market alone, I think we already have an idea, in total, we have a trading volume of over $50 billion a day, I guess that's a good figure to see the potential in opening a casinos business in the crypto space.

https://coinmarketcap.com/charts/

FontSeli

hero member

Activity: 1232

Merit: 858

Quote from: mirakal on July 14, 2020, 05:52:38 PM

Quote from: FontSeli on July 14, 2020, 05:31:12 PM

Quote from: milewilda on July 14, 2020, 05:19:11 PM

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

They don't have to if they see them as part of the industry and a possible online competitor if they have an online casinos.
Crypto may be smaller compared to some traditional casinos but crypto is growing its adoption, in the long run it could be as big as a traditional casinos or even bigger, who knows right?

Thing is, people wants to try an easy way to gamble and crypto offers them what they need, so as long as they understand the crypto continues to offers that, I have no doubt on the increase of its popularity.

True statistics on the turnover of money in crypto casinos can be useful for those who have regular casinos and plan to increase their turnover due to their presence in cryptocurrencies. Of course, if they don't have a business here yet. We would all benefit from increased competition among crypto casinos.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: FontSeli on July 14, 2020, 05:31:12 PM

Quote from: milewilda on July 14, 2020, 05:19:11 PM

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

They don't have to if they see them as part of the industry and a possible online competitor if they have an online casinos.
Crypto may be smaller compared to some traditional casinos but crypto is growing its adoption, in the long run it could be as big as a traditional casinos or even bigger, who knows right?

Thing is, people wants to try an easy way to gamble and crypto offers them what they need, so as long as they understand the crypto continues to offers that, I have no doubt on the increase of its popularity.

FontSeli

hero member

Activity: 1232

Merit: 858

Quote from: milewilda on July 14, 2020, 05:19:11 PM

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

This numbers are big for us. Because we are not aware of the real amounts that casinos earn. Perhaps the Las Vegas casino boss will see this theme and smile at how small it is compared to his casino.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: FontSeli on July 14, 2020, 05:14:00 PM

Quote from: Finestream on July 13, 2020, 07:22:15 PM

Quote from: FontSeli on July 13, 2020, 06:58:55 PM

Quote from: nakamura12 on July 12, 2020, 07:38:11 AM

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

The information posted by wozzek23 above is already useful, at least that's the lease information we can get as the sites are sharing it publicly, however, it would still not give how much they really make as total wagers does not mean total amount casinos earned.

In my post, I wrote why this figure may be inaccurate. I don't see the point in considering a figure that is taken only in part of the casino. And we don't even know the percentage of the total number of casinos to calculate everything. Of course, you can admire these figures. However, I am sure that the real numbers are much higher.

Its just really a picture out but we do at least do get the idea or glimpse on how big it is and as said these numbers wont be that accurate where there are really some numbers that havent been totally shown
this is why we can really conclude that this industry is soo big that we can imagine of.It is way profitable than any industries out there this is why this is the main target for some investors on making out
this business because they do know the chances or possibility on getting up these numbers in a long term basis.

FontSeli

hero member

Activity: 1232

Merit: 858

Quote from: Finestream on July 13, 2020, 07:22:15 PM

Quote from: FontSeli on July 13, 2020, 06:58:55 PM

Quote from: nakamura12 on July 12, 2020, 07:38:11 AM

The exact amount of money circulate in gambling is hard to know the exact amount and that amount of money is just a part of the total money circulates around. Do you know any platform that gathers the data about the money circulates in the casinos. Also some casinos accept both fiat and crypto.

It is impossible to collect General statistics even among legal casinos and online casinos. This is due to the fact that not all of them want to disclose statistics on the amount of money lost by players and the amount of money won at the casino. In addition, there are also underground casinos. They are available in many countries around the world, and they are also available on the Internet. No one will ever know their statistics.

The information posted by wozzek23 above is already useful, at least that's the lease information we can get as the sites are sharing it publicly, however, it would still not give how much they really make as total wagers does not mean total amount casinos earned.

In my post, I wrote why this figure may be inaccurate. I don't see the point in considering a figure that is taken only in part of the casino. And we don't even know the percentage of the total number of casinos to calculate everything. Of course, you can admire these figures. However, I am sure that the real numbers are much higher.

Topic: how big? - page 4. (Read 1480 times)