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Topic: Is The Gambling Industry Part Of The Domino Effect That Happens In The Market - page 3. (Read 6555 times)

full member
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  - As a gambler do you use gambling sites to store your coins like what traders are doing on exchanges?
 

I don't think it is good to have your coins saved in gambling casinos because it has no purpose to put it there, it will not increase in the value because it is not exchange or trade that you want to do with it. You can transfer some coins into the casinos account to playing their games for the purpose of that and nothing on it. You can do transfer of the coin to use for gambling, no need to save it there and casino is centralised.
hero member
Activity: 2128
Merit: 658
Leading Crypto Sports Betting & Casino Platform
I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
We know that gamblers will not be affected by the changing market conditions and will continue to gamble.
And casinos will continue their business and compete with other casinos because that way, they can survive and even reach the top position if they can provide the best service for their members.
What can stop a casino from doing business when it goes bankrupt and not because of the domino effect globally.
But that won't happen to casinos that can manage their business well and even grow rapidly in the future.
If they can work with the gamblers the right way, then the business will continue, even with the bad condition of the economy
gamblers are always be there to continue playing and chasing for luck.

It's a continuous business that only needs to keep the good relation between the casino owners and the clients who are using the
platform.

If you are good at it, your business will run and survive.
That means the casino owner must always be aware of the circumstances going on so they can anticipate if bad things happen.
Casino owners who can adapt to all situations can still run their businesses well.
Meanwhile, gamblers who often play gambling also still play gambling in casinos.
If the conditions outside are uncertain, gamblers may reduce the amount of money used to continue to be able to play gambling.
There is a sense of loss that gamblers will experience if they don't play gambling for a certain time because they are used to playing.
A professional gambler usually does not gamble based on the condition of the crypto market. Betting in a bull market can be the same as betting in a bear market. But it depends mainly on its adequacy of funds. Usually when bear market comes around all coins drop in price so a gambler can slow down his adequacy of funds a bit. The current situation of crypto market is bearish but gambling sites are not stopping. Rather, this market is expanding day by day.
hero member
Activity: 1498
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I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
We know that gamblers will not be affected by the changing market conditions and will continue to gamble.
And casinos will continue their business and compete with other casinos because that way, they can survive and even reach the top position if they can provide the best service for their members.
What can stop a casino from doing business when it goes bankrupt and not because of the domino effect globally.
But that won't happen to casinos that can manage their business well and even grow rapidly in the future.


If they can work with the gamblers the right way, then the business will continue, even with the bad condition of the economy
gamblers are always be there to continue playing and chasing for luck.

It's a continuous business that only needs to keep the good relation between the casino owners and the clients who are using the
platform.

If you are good at it, your business will run and survive.
Basically casino owners are more savvy about how their casino sites work.
Casino owners also don't want to experience the slightest loss, so they definitely have their own plans and rules for how to work. After all, they make the casino site to do business and make a profit.
And gamblers themselves understand and know which casinos are good and reliable so they can play gambling or bet in a match.
So I don't think you need to argue about that.
legendary
Activity: 3500
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For the lot of casinos that cease to exist it shows that they did not have a long term business plan and they were in for the quick buck,things do not work like that in a real business and even online casinos can be real business who generate revenue so the casinos who go away or close business are those without a plan and without finances to back those plans.

As you say casino campaigns are a lot but very few that run for a long term and those who run for the long term show that they are solid business with healthy finances.

I have a theory that those aiming for the quick buck without having enough funds enough funds to sustain their business are very likely to be the ones that will scam their customers in the end. It is better to avoid such casinos, but how can we know which is which? Well, the easiest way would be to play on sites that were with a good reputation and at least 2 years old.
legendary
Activity: 3318
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Bitcoin Casino Est. 2013
Whether they show proof or not, often casinos run away/close down their business without particularly affecting the market. Countless casino campaigns have come on bitcointalk, only few exist.

And is exactly this very few that exist that we should support,since they still exist it means that they have a huge amount of cash ready to afford to pay any amount no matter how big it is without concerns,of course we can see that in the ANN threads here where their ANN threads are filled with positive feedback and different bonuses they share with the community.

For the lot of casinos that cease to exist it shows that they did not have a long term business plan and they were in for the quick buck,things do not work like that in a real business and even online casinos can be real business who generate revenue so the casinos who go away or close business are those without a plan and without finances to back those plans.

As you say casino campaigns are a lot but very few that run for a long term and those who run for the long term show that they are solid business with healthy finances.
legendary
Activity: 3500
Merit: 2246
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I completely agree with you on your argument that there are some copycat sites, but such names either go hidden because nobody comes up with their complaints or simply ignores them just because he/she believes it was his fault to send his/her money over there and gamble.
However, I'm known of 1xBit here which has created lots of its own clone sites with different names starting with 1, so whenever I see any website popping up whose name begins with 1, I simply stay away and choose some other reputed names to play at.

You are doing the right thing. It reminds me of the mushroom pickers avoiding gilled mushrooms just to not accidentally pick up an Amanita phalloides, commonly known as the Death Cap. Indeed, if you have lots of those with spore tubes on the underside of the cap, like porcinis(reputable gambling sites in our case) around, why risk your life(money in our case)?

But that won't work if the reputable casino tries its best to solve those problems because the reputable casino knows that it is related to the reputation they have earned in this forum. But of course, there will be concerns for gamblers, especially those who keep their coins in the casino, because they don't know whether the casino will remain a well-known casino or turn into a casino that deceives gamblers. We must be wise in this matter and not underestimate the little things that might not happen because everything can change in an instant over time.

But what is the probability of that? Normally, a well known site doesn't turn into a casino that deceives gamblers. With that said, of course, don't keep on any site more money than you can afford to lose.
hero member
Activity: 2520
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Whether they show proof or not, often casinos run away/close down their business without particularly affecting the market. Countless casino campaigns have come on bitcointalk, only few exist.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
We know that gamblers will not be affected by the changing market conditions and will continue to gamble.
And casinos will continue their business and compete with other casinos because that way, they can survive and even reach the top position if they can provide the best service for their members.
What can stop a casino from doing business when it goes bankrupt and not because of the domino effect globally.
But that won't happen to casinos that can manage their business well and even grow rapidly in the future.
If they can work with the gamblers the right way, then the business will continue, even with the bad condition of the economy
gamblers are always be there to continue playing and chasing for luck.

It's a continuous business that only needs to keep the good relation between the casino owners and the clients who are using the
platform.

If you are good at it, your business will run and survive.
That means the casino owner must always be aware of the circumstances going on so they can anticipate if bad things happen.
Casino owners who can adapt to all situations can still run their businesses well.
Meanwhile, gamblers who often play gambling also still play gambling in casinos.
If the conditions outside are uncertain, gamblers may reduce the amount of money used to continue to be able to play gambling.
There is a sense of loss that gamblers will experience if they don't play gambling for a certain time because they are used to playing.
hero member
Activity: 2996
Merit: 580
Hire Bitcointalk Camp. Manager @ r7promotions.com
I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
Yeah, but it's up to them on how they're going to maintain and retain their users.

Even if we're in the worst part of the market crisis, people will still gamble no matter what because there's still possible money that they can get from within.

I don't even think that the actual gamblers will stop gambling and will care about the financial situation of the world even if there's a crisis, no one can stop them.
legendary
Activity: 2688
Merit: 1192
There's a discussion here about a call to make it mandatory for gambling sites to show proof of money they are holding in reserves because of what happened on FTX.

 - Do you think The Gambling Industry Is Part Of The Domino Effect That Happens In The Market?
 - Will the industry lose the trust of gamblers if one or two casinos scammed their players by closing down and running with what
    money they have that belongs to the gamblers?
  - As a gambler do you use gambling sites to store your coins like what traders are doing on exchanges?
  - What would gamblers think if a casino does not agree to show proof of money from new and old casinos


It seems like a sensible idea but would have to be done in a way that does not expose casino cold wallets to unnecessary risk. If an independent auditor was perhaps involved who could come along or automate a process to look at reserves once or several times a day, that would seem like a good way to do it - as long as the auditor was insured to cover any losses from making a false claim if the casino went out of business. In reality you should not keep very much in your casino wallet anyway, barely enough to cover a days worth of gambling and do not treat it like your secure wallet, that is the safest way to protect yourself if you frequent this sort of website/app often.
hero member
Activity: 2730
Merit: 632
I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
We know that gamblers will not be affected by the changing market conditions and will continue to gamble.
And casinos will continue their business and compete with other casinos because that way, they can survive and even reach the top position if they can provide the best service for their members.
What can stop a casino from doing business when it goes bankrupt and not because of the domino effect globally.
But that won't happen to casinos that can manage their business well and even grow rapidly in the future.


If they can work with the gamblers the right way, then the business will continue, even with the bad condition of the economy
gamblers are always be there to continue playing and chasing for luck.

It's a continuous business that only needs to keep the good relation between the casino owners and the clients who are using the
platform.

If you are good at it, your business will run and survive.
To look at wayback on the time pandemic hits then people who are getting used to offline or physical casinos did really end up on trying to play and switching up from offline to online games.There might really
be some major changes when it comes to venue or the entire vibe but still they do really end up on playing and still continues to play despite of the situation which does simply means that if
demand wont die then these businesses wont die anytime soon.There's demand and this is what makes a business keeps running or simply this industry could really be able
to withstand for whatever economic problems would be faced on.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
We know that gamblers will not be affected by the changing market conditions and will continue to gamble.
And casinos will continue their business and compete with other casinos because that way, they can survive and even reach the top position if they can provide the best service for their members.
What can stop a casino from doing business when it goes bankrupt and not because of the domino effect globally.
But that won't happen to casinos that can manage their business well and even grow rapidly in the future.


If they can work with the gamblers the right way, then the business will continue, even with the bad condition of the economy
gamblers are always be there to continue playing and chasing for luck.

It's a continuous business that only needs to keep the good relation between the casino owners and the clients who are using the
platform.

If you are good at it, your business will run and survive.
full member
Activity: 2576
Merit: 205
I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
We know that gamblers will not be affected by the changing market conditions and will continue to gamble.
nope you are wrong , it will affect us as we are maybe losing some value to bet on.
Quote
And casinos will continue their business and compete with other casinos because that way, they can survive and even reach the top position if they can provide the best service for their members.
it is a business and they will run this because there are still gamblers that are willing and subjective to lose no matter what market is moving.
Quote
What can stop a casino from doing business when it goes bankrupt and not because of the domino effect globally.
there are some chances , but year it is not directly .
Quote
But that won't happen to casinos that can manage their business well and even grow rapidly in the future.

this is because of their Business and nothing else more , the attitude towards players that will bankrupt them.


hero member
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You are talking shit honestly, gambling is the last hope of a man? If you are really that desperate and taking up some suicidal movement and decision then you would really be coming up with this idea but eventually you are really that making situations gets more worst.

If you looked at reality, that's the situation of other people, relying on gambling as their last hope. That's even the reason why people suffer financial crises because they think by gambling, they will able to make more money in the process which turned out bad.

As the result, they ended up broke and now part of those become a victim because of gambling.
The thing is that's actually a pretty narrow point of view imo. Maybe in the most extreme cases, it can be applicable, e.g. you have a debt and you'd die the next day if not paid (though a person alive is worth more than a person dead, but it's just a sample scenario anw), then gambling it and taking a last jump can be an applicable option, but that's a really extreme and rare case. It's just escapism imo, there are ways to live, just that it's all too difficult (and probably takes too much time, but that's part of it after all) so most choose an easy (but extreme) choice.
During yesterday's pandemic, the ones that benefited the most were online casinos because they could survive. They can work from home and still supervise the casino because casino employees cannot leave the house. But offline casinos may be the ones that can't benefit because they can't operate for some time. When something shakes up the business world, all businesses will feel the effects, but some areas of business are less affected and may still be able to run their business even in a state of survival.
You can actually call it survival of the fittest but with a more modern theme. Though tbf all businesses are like that, in this case it became much more obviously apparent since the enemy wasn't other businesses, but rather a 3rd party aka the pandemic.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
We know that gamblers will not be affected by the changing market conditions and will continue to gamble.
And casinos will continue their business and compete with other casinos because that way, they can survive and even reach the top position if they can provide the best service for their members.
What can stop a casino from doing business when it goes bankrupt and not because of the domino effect globally.
But that won't happen to casinos that can manage their business well and even grow rapidly in the future.
legendary
Activity: 3122
Merit: 1398
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I agree on the latter part of what you've said, the competition is there and that makes the industry healthier because gamblers will look for some place where they're valued and that's going to make all involve in the competiton to give the best that they can.

Isn't it the usual approach on how to keep standing amid the tough competition out there with gambling sites?

That's important since right now we are quite in the worst situation in the market, users will really stick to just gambling with those casinos that have proven to withstand any market conditions and remain fully operational without a problem amid the current situation.

If those gambling sites will keep that momentum even in the middle of any financial crisis-related issues, they are good to go.
hero member
Activity: 1246
Merit: 534
Gambling is not a primary human need. Despite that fact, the gambling industry will never collapse. You will see huge competition between gambling sites, but that is healthy rivalry. gambling is something people will always do and occasionally with big stakes. No one can change that. Just look at the sponsorships that certain sports teams have with gambling sites, where a fortune is counted down to be the sponsor on the shirt. That means a lot of money is coming in and keeps coming. A thriving and stable industry.
Some people use gambling as their personal source of revenue of making money so I believe that gambling is not the major key of your own way of life but it is another person because the way I'm seeing gambling it has helped many people that's why that many people has lose in gambling especially this casino council game we do play and all the prediction games with the play gambling is a last Hope of a man
You are talking shit honestly, gambling is the last hope of a man? If you are really that desperate and taking up some suicidal movement and decision then you would really be coming up with this idea but eventually you are really that making situations gets more worst.Its true that there are lots who are really that making gambling as their main source of income which i dont know where the hell they do come up with those ideas.
Speaks about economical problems that we do have then its not that gambling industry is just really that only affected but also in other industries as well but these industries do still get a good
hold into their position despite of the condition that we are seeing.As long the demand is there then it would be continuing to exist.

These people does not have anything to offer to the forum they are just making a shitpost in order to get money so you cannot blame them, we should apportion the blame to the people that hired them that is full of corruption, so in this aspect, when you look at the emphasis it made he will see that there's no cogent point in the conversation it only same blah blah blah in order to complete it weekly post count
legendary
Activity: 2940
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You are talking shit honestly, gambling is the last hope of a man? If you are really that desperate and taking up some suicidal movement and decision then you would really be coming up with this idea but eventually you are really that making situations gets more worst.

If you looked at reality, that's the situation of other people, relying on gambling as their last hope. That's even the reason why people suffer financial crises because they think by gambling, they will able to make more money in the process which turned out bad.

As the result, they ended up broke and now part of those become a victim because of gambling.

Its true that there are lots who are really that making gambling as their main source of income which i dont know where the hell they do come up with those ideas.

It's because you don't have the capability to do it

There are a lot of professional gamblers that treat gambling as their career making it their source of income.
legendary
Activity: 3094
Merit: 1127
Gambling is not a primary human need. Despite that fact, the gambling industry will never collapse. You will see huge competition between gambling sites, but that is healthy rivalry. gambling is something people will always do and occasionally with big stakes. No one can change that. Just look at the sponsorships that certain sports teams have with gambling sites, where a fortune is counted down to be the sponsor on the shirt. That means a lot of money is coming in and keeps coming. A thriving and stable industry.
Some people use gambling as their personal source of revenue of making money so I believe that gambling is not the major key of your own way of life but it is another person because the way I'm seeing gambling it has helped many people that's why that many people has lose in gambling especially this casino council game we do play and all the prediction games with the play gambling is a last Hope of a man
You are talking shit honestly, gambling is the last hope of a man? If you are really that desperate and taking up some suicidal movement and decision then you would really be coming up with this idea but eventually you are really that making situations gets more worst.Its true that there are lots who are really that making gambling as their main source of income which i dont know where the hell they do come up with those ideas.
Speaks about economical problems that we do have then its not that gambling industry is just really that only affected but also in other industries as well but these industries do still get a good
hold into their position despite of the condition that we are seeing.As long the demand is there then it would be continuing to exist.
member
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Gambling is not a primary human need. Despite that fact, the gambling industry will never collapse. You will see huge competition between gambling sites, but that is healthy rivalry. gambling is something people will always do and occasionally with big stakes. No one can change that. Just look at the sponsorships that certain sports teams have with gambling sites, where a fortune is counted down to be the sponsor on the shirt. That means a lot of money is coming in and keeps coming. A thriving and stable industry.
Some people use gambling as their personal source of revenue of making money so I believe that gambling is not the major key of your own way of life but it is another person because the way I'm seeing gambling it has helped many people that's why that many people has lose in gambling especially this casino council game we do play and all the prediction games with the play gambling is a last Hope of a man
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