What is or are the contribution of Crypto gambling sites to Crypto Currency

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: rdluffy on September 15, 2019, 02:17:52 PM

I can think in 2 direct benefits:
People who likes gambling but are not used to cryptos, will research and learn how to use, and with this we gain popularity
The second is the fact that people have to buy crypto to play games or to bet, and this increase the volume and price of BTC, it's a good thing

Crypto gambling is not really that much adopted at this time even though it gains popularity cause some gamblers are still using fiat rather than of using crypto. Mentioning in some areas where crypto is banned, they will consider fiat if they wanted to gamble.

For the continuous growth of crypto gambling sites, it gradually lifts up the chances that those who are using fiat will soon to welcome crypto in their life. But of course, it will take time and it also depends on how the market moves.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Bitcoininvestment on September 19, 2019, 06:44:41 PM

Yes crypto gambling really helped to increase the adoption and the user of cryptocurrency.

i dont really think so . not all likes to play gambling . when people hear gambling , they imediately stay away with it because they instantly think about loosing but of course there are those that loves to play gambling . these gambling lovers will search for online gambling version and luckily they find out about cryptos .

Quote

I think that's one of the best way to introduce crypto and bitcoin to other people who also loves to gamble.

best way to introduce a crypto is by doing promotions in a general way ( ex . via web ads , mails , on youtube vids , social media , etc. ) promoting a crypto based gambling site do mostly being seen on this forum but not totally be seen outside the web or other sites .

Bitcoininvestment

full member

Activity: 244

Merit: 100

Yes crypto gambling really helped to increase the adoption and the user of cryptocurrency. By playing online gambling, they would possibly encounter a crypto based online gambling. And I think that's one of the best way to introduce crypto and bitcoin to other people who also loves to gamble.

barbara44

hero member

Activity: 2548

Merit: 605

Quote from: CryptopreneurBrainboss on September 13, 2019, 03:53:39 PM

From my perspective the main contribution they're bringing into the industry, is the adoption of the currency. For starters every crypto-related sportbook have the option to gamble or cashout in cryptocurrency (mostly bitcoin) which give the customers a sense of satisfaction as they can play bets with their coins, giving their coin useable value and not just monetary value of exchanging for fiat.

Seconding, they're also contributing in regards to promoting of the industry to the masses through their numerous stretagic campaigns aimed at bringing in more customers to their platform and also educating individuals (mostly those customers) on the important and necessary information needed on safety and benefits.

Are all this benefits you listed below in favor of gambling sites or cryptocurrency? Because, I it looks to me like this is even more of advantage to gambling site.

I don’t think this reasons are really justifiable to me. Crypto gambling sites to me has not added a thing to cryptocurrency and I would expatiate on that. There has been a great adoption of cryptocurrency even before the invention of online gambling sites.

As a matter of fact, a lot of gamblers using crypto to gamble now, do it because of the trust they have for cryptocurrency, which means cryptocurrency is even more beneficial to online gambling. Again, I think online gambling, mostly cryptocurrency gambling sites should be grateful to cryptocurrency for making it so much famous than it would have been.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Cryptocurrency gives new ways for the people to gamble, which they cannot get in their real-life because not all country allow gambling. They will curious about how to use cryptocurrency in the gambling games, and they will learn it although they only learn about how to get the wallet, how to send the coin into the gambling websites. That is enough for the first time because if they have a big curiosity, they will learn deeper about cryptocurrency. They will found that cryptocurrency is not just for gambling, but it also can be their way to make money.

The gambling industry gives a big contribution to the cryptocurrency. Many people who are involved in the gambling industry are open their eyes about cryptocurrency. But it needs more time to see new people come to the cryptocurrency. We need to spreads cryptocurrency in many places, so it will reach them to join with us.

rdluffy

legendary

Activity: 2366

Merit: 1408

I can think in 2 direct benefits:
People who likes gambling but are not used to cryptos, will research and learn how to use, and with this we gain popularity
The second is the fact that people have to buy crypto to play games or to bet, and this increase the volume and price of BTC, it's a good thing

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote from: shoreno on September 12, 2019, 05:16:10 PM

you already answer your own question op . i can never think of any reason anymore.

gambling site helps crypto but i think crypto also help the gambling site because even before days that internet existed , gambling sites do already exist but the adoption is only small .

it might be because the payment methods available are hard to access for most people but now cryptos are invented and they more easy.

It's mostly because that crypto gambling sites don't have KYC or at least most of them and this caused crypto gambling to grow even further.

Quote from: TopT3ns on September 14, 2019, 10:37:59 PM

I t hink your sentences already answered it. Gambling really help because in some countries, gambling is prohibited and if we catch play gambling, we can go to jail. Maybe with crypto, it can be decentralized and people feel safe to play gamble.

Gambling with cryptocurrencies isn't decentralized(most casinos), it's the same as gambling with on a fiat based casino the only difference is that it's much easier with cryptocurrencies because there's less information needed and accepts users from most countries.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: aioc on September 15, 2019, 04:58:28 AM

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

The contribution is building a huge community of gamblers, we have a large community of gamblers and gambling sites, and this contributed large volumes for the top coins in the market if you check all these gambling sites, they accept various Cryptocurrency, it strentghen the value and community around Cryptocurrency.

If they will continue to prosper from this industry, more adoptions will take place, knowing that gambling business can lead more success to this industry. This kind of good and well-established businesses will drive the value of well- known crypto coins that being mostly used by the system.

Gambling industry together with the patronizing gamblers can serve as a good users of this payment process, crypto will be able to catch more people's interest.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

The contribution is building a huge community of gamblers, we have a large community of gamblers and gambling sites, and this contributed large volumes for the top coins in the market if you check all these gambling sites, they accept various Cryptocurrency, it strentghen the value and community around Cryptocurrency.

Icologies

full member

Activity: 994

Merit: 100

SAPG Pre-Sale Live on Uniswap!

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

I think it is very good, as long as it is trustworthy, maybe everyone who likes crypto will be very happy and will try their luck at the site. this will make crypto grow and be known by many people.

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

You can think of it in the either way whether the crypto have helped to introduce the gambling sites or it is the gambling which help to promote the crypto.
Before the invention of crypto or you can say the usage of crypto in the gambling sites they were very few online gambling sites. It is only after the bitcoin was started using in the online gaming sites that we see many new gaming start to popup. So for me it is the crypto due to which people have started the business of gambling online sites.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: jhongzjhong on September 13, 2019, 01:52:08 PM

Quote from: peter0425 on September 13, 2019, 10:40:37 AM

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

There are more factors on how gambling sites here helps the cryptocurrency

1- it helps the Circulations of Bitcoin and some altcoins that accepted in gambling so means the price grows up a little from this

2-it helps advertising since gamblers from different form online may learned consider playing using cryptocurrency and not just fiat

3-it helps people here in crypto to have accessible and safer gambling experience than other sites outside crypto

These are those big factors that totally contribute to the cryptocurrency that cause by gambling. Cryptocurrency gambling plays a very big role in this industry. It is a very big help in order for the cryptocurrency to be popular to a lot of people all over the world and a lot of people will be coming in. There is also a massive exposure that we believe many people will adopt soon. The major part that I liked is that through gambling bitcoin has exposure to people that don't know these digital currencies.

Yups that’s what I’m pointing mate because as we can see now,only gambling sites are still kicking in this forum (aside from mixing service)

Just imagine how many gamblers are visiting and betting every minute ?using bitcoin,doge.litecoin ,ethereum or every cryptocurrency and tokens that accepted on those sites help the circulations o cryptocurrency.aside from traders ofcourse

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

I think your sentences already answered it. Gambling really help because in some countries, gambling is prohibited and if we catch play gambling, we can go to jail. Maybe with crypto, it can be decentralized and people feel safe to play gamble. I think it is people's right if they want to do gambling or not although it is break the law. That is why sometime i am not agree when crypto gambling site ask users to do KYC.

Botnake

hero member

Activity: 2856

Merit: 667

They must have contributed really big in the market already, when I came here, I don't have in mind investing with crypto but I came here just to experience gambling using bitcoin, and I love it as it gives me great experience compared to fiat gambling.

As what I'm seeing now, the market is growing and its the proof that people are loving to gamble here and with that, it will create more demand as more and more people will gamble, the more they will spend more money. IMO, crypto gambling is the biggest contributor in the market, if they will ban it or regulate, I'm afraid the demand will drop as people came here to enjoy gambling anonymously.

kawetsriyanto

legendary

Activity: 2422

Merit: 1140

duelbits.com

Quote from: shoreno on September 12, 2019, 05:16:10 PM

you already answer your own question op . i can never think of any reason anymore.

gambling site helps crypto but i think crypto also help the gambling site because even before days that internet existed ,

I agree with you. Basically, the question was already answered by the OP himself. But he may be still curious about other opinions, or he wants to ensure himself whether it is true or wrong.

For me, since people can use crypto to play the game there, it is automatically the real adoption of cryptocurrency. Then, more famous the gambling sites mean the more people use crypto there. It is actually an effective way for the adoption of cryptocurrency.

Bitcoin Smith

sr. member

Activity: 910

Merit: 284

Crypto gambling creates and interest about making the money for everyone that's why they are getting into the Crypto gambling the cryptocurrency is getting new users that's why it will definitely useful and helpful for making the field to be a powerful thing.

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: Polar91 on September 14, 2019, 07:13:40 AM

I have a lot of friends who buys Bitcoin just to gamble it. Although they know nothing about crypto, they don't get afraid to give a shot since they know that it's worth trying. This mindset affects cryptocurrency positively since it adds more demand in cryptocurrency, meaning the price and users increases too.

I also believe that using Bitcoin in gambling is a good way to introduce people to Bitcoin. Once you get to know Bitcoin in the world of gambling, you may have questions: "what blockchain is", "how to keep privacy when using Bitcoin" and others. There is some likelihood that a person will start to learn about cryptocurrencies and share their knowledge with others. But we also learned about cryptocurrencies in the same way.

Polar91

hero member

Activity: 1120

Merit: 553

Filipino Translator 🇵🇭

I have a lot of friends who buys Bitcoin just to gamble it. Although they know nothing about crypto, they don't get afraid to give a shot since they know that it's worth trying. This mindset affects cryptocurrency positively since it adds more demand in cryptocurrency, meaning the price and users increases too.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: hahay on September 13, 2019, 04:32:44 PM

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

That is clear, when crypto gambling captivated many traditional gamblers, thus the use of crypto continues to increase and in this case crypto gambling sites have a major contribution to crypto to continue to grow and become more popular, and at the same time we also recognize that crypto gambling sites continue to increase.

Frankly speaking, I have always heard about crypto currency but what led me to getting involved is because of gambling. Gambling sites are really very good with advertisements and in one of the adverts I was moved to play on one site with required me to play with coins, I had no choice because I truly wanted to play on that site.

From that moment, I had a coin which became my favorite coin and then I started to learn more about cryptocurrency. I think gambling site in a very big way have supported the increase in adoption of crypto because using myself for example, I would have still been in the dark, or among those who knew about crypto but not involved but here I am today and I own a lot of coins.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: hahay on September 13, 2019, 04:32:44 PM

Quote from: robelneo on September 12, 2019, 11:13:07 AM

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

That is clear, when crypto gambling captivated many traditional gamblers, thus the use of crypto continues to increase and in this case crypto gambling sites have a major contribution to crypto to continue to grow and become more popular, and at the same time we also recognize that crypto gambling sites continue to increase.

There is no doubt about that, we know there are many gambling players who migrate and then using crypto because they want to play gambling safely, get privacy, and is much simpler. I admit that gambling is very influential for the adoption of crypto itself. actually it is not only benefit for crypto, but for gambling bussiness itself, because many crypto users gamble because of know crypto too

Topic: What is or are the contribution of Crypto gambling sites to Crypto Currency (Read 588 times)