My three top reasons are market volatility, privacy, and transparency
Market volatility you could be doubling the amount you've won in a casino if the market shifted to the bull run but so is when you lose
Privacy Unless you are good in the casino you're playing and you're not winning huge amounts of money you are playing anonymously and your information is safe.
Transparency You can see your deposit, your withdrawal, and at some point the asset of the casino you're playing
Time is changing and casinos are shifting from total fiat to Cryptocurrency, in the future, all casinos will be Cryptocurrency based because that's what the gambling community preferred.
Topic: Top 3 Reasons Why Cytpocurrency Gambling is more Addictive than Fiat Gambling! - page 4. (Read 466 times)
March 20, 2023, 05:45:36 PM
March 20, 2023, 05:43:55 PM
2. Anonymity:
Number two is not entirely true because almost licensed casino will require KYC to comply with the rules of the license they have and you will find it difficult to find a casino without KYC so now it no longer applies to cryptocurrency casinos because they are the same as fiat casinos. Crypto developments are indeed proud but have an impact on many sectors including the gambling sector so that they can no longer be completely anonymous. 
March 20, 2023, 05:31:54 PM
Your points are all right. The other good reason for betting in cryptocurrencies is you can bet in cents of a dollar (converted). Which sometimes cannot be done with other online gambling sites as their minimum will be $1.
100 satoshis for example is just $0.028 and yet gambling sites are accepting this kind of amount when it comes to sports gambling. Those who really love making long parlays can just bet for a little amount and may hit the jackpot if ever all their prediction is right.
Some may say it's a waste of time but I have done it myself gaining a profit at x95 in a parlay with just 1000 satoshis bet. As of now, I am continuously doing it and there are instances when I can hit good amounts.
That's the other perk of using cryptocurrencies that I can add to your list.
100 satoshis for example is just $0.028 and yet gambling sites are accepting this kind of amount when it comes to sports gambling. Those who really love making long parlays can just bet for a little amount and may hit the jackpot if ever all their prediction is right.
Some may say it's a waste of time but I have done it myself gaining a profit at x95 in a parlay with just 1000 satoshis bet. As of now, I am continuously doing it and there are instances when I can hit good amounts.
That's the other perk of using cryptocurrencies that I can add to your list.
March 20, 2023, 05:29:39 PM
If you compare the casinos of 3 years ago to those of today you will find a significant difference between them. From their design, graphics, and games, to their quick transaction processes for depositing and withdrawing funds( crypto and fiat) it is clear that 99% of people would prefer the new casinos ( cryptocurrencies). Nowadays, we see many new Dapp casinos with better features, allowing for the use of more cryptocurrencies without the need to swap between tokens and coins to gamble. This spares many gamblers from gas fees incurred through swapping and allows them to gamble with their favorite cryptocurrencies.
With cryptocurrencies, gamblers can bet with much lower amounts of money, especially if they choose low priced tokens or coins that are worth only a few cents. This allows for a full gambling experience in slots or any other game, which is the opposite of fiat gambling that often has limitations on minimum bets or slots with bonuses that start at $30 or more. By switching to cryptocurrencies, users may gamble with only a dollar or two making it more affordable for all users and leading to faster addiction.
With cryptocurrencies, gamblers can bet with much lower amounts of money, especially if they choose low priced tokens or coins that are worth only a few cents. This allows for a full gambling experience in slots or any other game, which is the opposite of fiat gambling that often has limitations on minimum bets or slots with bonuses that start at $30 or more. By switching to cryptocurrencies, users may gamble with only a dollar or two making it more affordable for all users and leading to faster addiction.
March 20, 2023, 05:27:51 PM
about this issue of anonymity, privacy I think that these are things that people who are in the cryptocurrency market no longer have, cryptocurrency casinos already started asking for KYC some time ago, people to play and withdraw money have to deliver documents, so privacy and anonymity are things that no longer exist, even to buy cryptocurrencies using bank cards people have to go through a lot of headaches with kyc on the exchange
One thing is clear to me, people are not playing online casinos because they want anonymity and privacy, people are playing online casinos because it's easier to play online casinos than physical casinos. physical casinos are very far from people's homes and are very expensive, so it's easier to take 50$ and play in online casinos from a cell phone or computer, than having to travel long distances to find a physical casino that sometimes you can even nor exist in the province in which the person lives
One thing is clear to me, people are not playing online casinos because they want anonymity and privacy, people are playing online casinos because it's easier to play online casinos than physical casinos. physical casinos are very far from people's homes and are very expensive, so it's easier to take 50$ and play in online casinos from a cell phone or computer, than having to travel long distances to find a physical casino that sometimes you can even nor exist in the province in which the person lives
March 20, 2023, 05:26:45 PM
I think what OP pointed out is the unique things in crypto-gambling over fiat gambling.
Let's be clear guys, the gambling itself is the one that was truly addictive regardless of whether it's crypto-gambling or fiat online gambling. The only difference here is the currency used but in general, it's still gambling and that's the reason why people got addicted especially when they are big or chasing big losses.
- Do you really think that crypto-volatility or anything about crypto-price movements is a big deal for gamblers?
- Do you really think that anonymity is really a big issue to start with where in fact lots of fiat online players comply with it? How has it become the primary source of gambling addiction in crypto-gambling?
- Do you really think that those advantages pointed out don't have the same version of advantages in fiat online gambling?
Addiction has nothing to do with how people gamble whether crypto-gambling or fiat gambling as long as it's gambling. It's the common and usual trait that will be seen in most gamblers and it depends now how these gamblers will still remain responsible and disciplined even addicted.
Let's be clear guys, the gambling itself is the one that was truly addictive regardless of whether it's crypto-gambling or fiat online gambling. The only difference here is the currency used but in general, it's still gambling and that's the reason why people got addicted especially when they are big or chasing big losses.
- Do you really think that crypto-volatility or anything about crypto-price movements is a big deal for gamblers?
- Do you really think that anonymity is really a big issue to start with where in fact lots of fiat online players comply with it? How has it become the primary source of gambling addiction in crypto-gambling?
- Do you really think that those advantages pointed out don't have the same version of advantages in fiat online gambling?
Addiction has nothing to do with how people gamble whether crypto-gambling or fiat gambling as long as it's gambling. It's the common and usual trait that will be seen in most gamblers and it depends now how these gamblers will still remain responsible and disciplined even addicted.
March 20, 2023, 05:11:47 PM
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
For sure this is one of the main reason on why cryptogambling had boomed up soo much due to this on where there are people who do really mind off about their privacy or identity on which they are really that The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
much prefer on playing gambling online without being known or been seen or simply doesnt really like on giving their info just like on the time you would be playing into those traditional gambling platforms which do make use of fiat. Speaking about addiction then i could say that it is really just the same because theres still a market into those physical and online fiat platforms which there are people who do stick even up to these days and doesnt really tend to touch up the crypto space.
But unfortunately anonymity is now less concern by the gamblers since KYC has been enforced by trusted casino so being unknown on casino is slowly fading since once they are asking this requirements before you can proceed to play and use all their service without having limitation. Speaking of addiction yeah all points is true but it always matter to the person if he really take gambling to much and if they cannot control theirselves then that's how addiction starts for them.
March 20, 2023, 04:54:37 PM
It is not like everyone is going after crypto gambling but after COVID-19 the business of online gambling has increased more than offline gambling. Although fiat online gambling users are more than crypto ones, they tend to visit an offline casino after a few online sessions as they miss the atmosphere of an offline casino.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
In FIAT casinos,the most well known ones like Bet365 and alike they have something in common,they limit your account if you win more than 3000-4000 EUR overall and not in just a single bet,they don't give a damn if you lose though as they let you lose as much as you can.In crypto casinos not only they don't limit your account for nothing like FIAT ones do but they do pay enormous amounts of money,much more than the FIAT ones do,for example I have seen payouts of over 350 Ethereums from a sport bet parlay that the bet was about 13 Ethereums,meaning the limits are much higher,so beside agreeing with everything you wrote,I would add these two.
March 20, 2023, 04:52:22 PM
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
For sure this is one of the main reason on why cryptogambling had boomed up soo much due to this on where there are people who do really mind off about their privacy or identity on which they are really that The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
much prefer on playing gambling online without being known or been seen or simply doesnt really like on giving their info just like on the time you would be playing into those traditional gambling platforms which do make use of fiat. Speaking about addiction then i could say that it is really just the same because theres still a market into those physical and online fiat platforms which there are people who do stick even up to these days and doesnt really tend to touch up the crypto space.
March 20, 2023, 04:46:16 PM
It is not like everyone is going after crypto gambling but after COVID-19 the business of online gambling has increased more than offline gambling. Although fiat online gambling users are more than crypto ones, they tend to visit an offline casino after a few online sessions as they miss the atmosphere of an offline casino.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
Still work both ways though, I mean if the price of crypto is down, then yeah, it's better to play with our bitcoin and altcoins. But there is one thread wherein when the price of let's say BTC is going up, there are gamblers who opted not to play with their precious bitcoin, just saying.
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
No longer that case though, we have heard horror stories already of crypto based casino asking for KYC specially if you have won big. And it's not an assurance that you are going to get paid right away even if you submitted one. So there's no such thing as No-KYC policy for casinos now.
3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
As I have said previously, depends on how gamblers take that volatility, there could be some individual not playing their crypto when we are in a bull run.
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
Personally, I don't see that much different playing on land base casinos or crypto based sites. Of course, you can play at home that's one advantage, but as far as volatility and KYC and other factors, just the same for me, the thrill will always be there.
March 20, 2023, 04:33:56 PM
A considerable add up. imho. 
4. Accessibility
You could play directly without needing to make use of any cards and as long you do have your phone and internet connection then you could play instantly
or on the time you do really want to do.
5. You can play on minimal amounts
We do know on having those extreme minimum bet which could roll on, also it doesnt matter on how much or small your bankroll it would
be and this is the beauty if you are really that much of a heavy spender or gambler.
4. Accessibility
You could play directly without needing to make use of any cards and as long you do have your phone and internet connection then you could play instantly
or on the time you do really want to do.
5. You can play on minimal amounts
We do know on having those extreme minimum bet which could roll on, also it doesnt matter on how much or small your bankroll it would
be and this is the beauty if you are really that much of a heavy spender or gambler.
March 20, 2023, 04:24:36 PM
It is not like everyone is going after crypto gambling but after COVID-19 the business of online gambling has increased more than offline gambling. Although fiat online gambling users are more than crypto ones, they tend to visit an offline casino after a few online sessions as they miss the atmosphere of an offline casino.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
None of these seem to be true, any more at least. It's ironic that you list "immediate gratification" yet state that cryptocurrency has to be converted from and to fiat currency, do you not seem the paradox there? You're adding an extra step which would slow things down on both sides of the trade, fiat casinos are way faster in that sense. I'm not sure that anonymity is necessarily a good thing either, because if you are allowed to be anonymous then chances are the casino owner will take steps to be anonymous too, that's all fine when things are going well, but you could wake up one day and find your balance has vanished into thin air. Volatility is also meaningless, because you are already gambling.
March 20, 2023, 04:02:19 PM
OP your points are absolutely right. My first gambling almost landed me in a "hot soup" (problem). I remember vividly clear then back in my secondary School days where I had to gamble on a final match and fortunately, the team I bet for won the match and I got blackmailed by one of the staff there to share my wins. I was dumb founded as to how I got noticed there and it was a family friend for that matter. I had no option than to share my wins with an agreement to remain silent. Since after that experience I had to stop visiting offline casinos because of my experience. It was a terrible experience because I felt threatened as my identity was revealed.
Ah you have a good experience then, since you won something and have to share it with another person, your experience quite different from mind, I hard a ugly experience with a physical casino were I get robbed on my way from the casino because the thief's belief that anyone coming out of the casino went to cash out their winnings but in my case it was not so. -But then all this would not happen with online casinos, since you can gamble all you want from the private comfort of your home, without anyone knowing how much money you won or lose.
March 20, 2023, 03:26:58 PM
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
You have valid pointers there but in general, there is no such thing as the [i"]TOP 3 reasons"[/i] to consider why cryptocurrency gambling is more addictive than fiat gambling, as that was all subjective to different gamblers.
I do admit that I'm a heavy gambler at both fiat and crypto and I never it came to the point that I will compare the experience between them. If you are not a regular gambler, I doubt you will understand the point of view of different gamblers.
Clearly, what you mentioned are those things that are not present in fiat gambling but on the other hand, for sure, there would be a counter statement that is in favor of fiat gambling. No point in comparing them but just enjoy what you preferred.
March 20, 2023, 02:39:32 PM
OP your points are absolutely right. My first gambling almost landed me in a "hot soup" (problem). I remember vividly clear then back in my secondary School days where I had to gamble on a final match and fortunately, the team I bet for won the match and I got blackmailed by one of the staff there to share my wins. I was dumb founded as to how I got noticed there and it was a family friend for that matter. I had no option than to share my wins with an agreement to remain silent. Since after that experience I had to stop visiting offline casinos because of my experience. It was a terrible experience because I felt threatened as my identity was revealed.
March 20, 2023, 02:30:12 PM
I would think one of the biggest, if not the biggest reason for cryptocurrency gambling being much more addictive than fiat gambling is the community aspect. The crypto community is quite a comfy place to be and when others in the community gravitate towards gambling, they kind of pull in the others with them as well.
Its hard to find a fiat community for gambling because you would have to actively search for it and join it yourself. And even then its not really as exciting as the crypto community.
So group pressure is definitely a big reason, I would think.
Its hard to find a fiat community for gambling because you would have to actively search for it and join it yourself. And even then its not really as exciting as the crypto community.
So group pressure is definitely a big reason, I would think.
March 20, 2023, 02:25:04 PM
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
The newer something is, the more interesting it becomes, because it is always an upgrade. Think about this, the potential to get you more addicted is in a progressive stage from fiat gambling in physical gambling houses and casino's, to online gambling with fiat, then to online gambling with cryptocurrency. If there comes another innovation to overtake cryptocurrency, and it can be used for gambling, it will have the potential to be more addictive.??
to
CRYPTOCURRENCY GAMBLING
to
ONLINE FIAT GAMBLING
to
FIAT GAMBLING
(In increasing order of addictiveness)
March 20, 2023, 01:51:02 PM
Yeah all of them suits.
But do not forget the comfortability that gambling through crypto and online gives. As you've mentioned, the height of pandemic has opened the idea to many offline or physical gamblers.
That's one of the reasons why the number of registrations through online casinos have increased and mainly with crypto casinos. And when I say comfortability, it includes the various choice of cryptocurrencies that one may gamble with according to what's accepted on the casino you're gambling with.
But do not forget the comfortability that gambling through crypto and online gives. As you've mentioned, the height of pandemic has opened the idea to many offline or physical gamblers.
That's one of the reasons why the number of registrations through online casinos have increased and mainly with crypto casinos. And when I say comfortability, it includes the various choice of cryptocurrencies that one may gamble with according to what's accepted on the casino you're gambling with.
March 20, 2023, 01:45:20 PM
Anonymous gambling is one of the number one reason why people choose using a cryptocurrency gambling platform than a fiat one because everyone would feel safe and organized. Although it has some problem like the use of KYC that few casinos do ask to make sure that they know there customers. A fiat platform is also good but everyone with different reasons why they prefer any of the both.
March 20, 2023, 01:34:44 PM
It is not like everyone is going after crypto gambling but after COVID-19 the business of online gambling has increased more than offline gambling. Although fiat online gambling users are more than crypto ones, they tend to visit an offline casino after a few online sessions as they miss the atmosphere of an offline casino.
Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
The first point you bring is also true for online gambling with fiat, and since fiat online casinos have existed for longer I do not see how we could make cryptocurrency casinos more guilty of offering instant gratification, your third point seems more geared towards traders than gamblers as the volatility of the market has nothing to do with gambling, however your second point is in fact important, there have been made many studies which shows that when a person is completely sure they are not going to get caught then they engage in behaviors which they will not do otherwise, and since gambling with cryptocurrencies does in fact provide some level of anonymity then this has encouraged more people to gamble. Whereas cryptocurrency casino users would always be loyal & habitual which makes them more addicted to gambling than a fiat gamblers. Below listed are the three reasons which I think make them more inclined.
1. Immediate gratification:
One explanation could be the immediate and continuous enjoyment that bitcoin gaming offers, whether you win or lose. A cryptocurrency can be swiftly converted into fiat currency or other cryptocurrencies, as opposed to traditional gambling, which typically calls for cash or chips, what I am referring to here is offline gambling. This feeling of immediate satisfaction can increase excitement and encourage players to keep playing.
2. Anonymity:
The amount of privacy gained by gambling with cryptocurrencies is unbelievable! Non-KYC platform, which is common may make some people feel more secure since they can offer a level of secrecy and security that more traditional forms of gambling cannot. This sense of anonymity may make it easier for individuals to engage in risky or addictive behaviors without fear of being judged or identified.
3. Thrill of volatility:
We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.
Do you guys think my assessment is to the point or do you think there are more reasons related to cryptocurrency gambling addiction? Please go ahead and reply to this thread. If you have a valid point that I think is related to this thread then I would add it to this topic.
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