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

rodel caling

full member

Activity: 952

Merit: 104

Crypto gambling site they encourage people to buy bitcoin or crypto currency to play gambling anonymously as gambler. Specially for those people want to stay at home playing online gambling, crypto gambling site are offering convinient online casino games and a loy more choices.

Capt00

full member

Activity: 938

Merit: 105

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.

Crypto gambling is very suitable for the current era. Not just leaving fiat currency but it is good for traditional gambler also to experience this new technology and let them appreciate it as they go through.

In general, the more gamblers used crypto the more they know about crypto and it increases the demand which it leads into dragging the price high in the future. The purpose we would like to emphasize is to consider this as a currency and yes, this is a big help though.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

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.

CryptopreneurBrainboss

legendary

Activity: 2408

Merit: 4282

eXch.cx - Automatic crypto Swap Exchange.

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.

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

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.

peter0425

sr. member

Activity: 2618

Merit: 439

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

carter34

member

Activity: 1302

Merit: 25

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 would have given merit to you on this. Surely so for bitcoin has gone from just hodling in wallet to being used in casinos and many game sites and this is seriously pushing awareness far beyond what we expect. People outside users are now getting more acquainted with it, they want to learn about it, they are becoming apostles too.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

It raked in a lot of potential users of cryptocurrencies and introduced a new way to play gambling games using a different payment method. Gambling with crypto has had a huge effect in terms of introducing cryptocurrencies to traditional gamblers, and perhaps it's not only gambling that they have used crypto on, as basically there had been a surge in usage and popularity over the years that crypto gambling flourished. True that it may have cost some people to go bust but then again, on a larger scale, it helped cryptos get a good footing on the gambling scene and get some users of the currency along the way.

Ayiranorea

sr. member

Activity: 1246

Merit: 255

Leading Crypto Sports Betting & Casino Platform

Quote from: rosezionjohn on September 12, 2019, 11:28:22 AM

On the positive side, these gambling sites accepting helped increase the popularity and usage of cryptocurrencies, there's no doubt about that.
On the negative side, it puts bitcoin and other crypto in a bad light in some way.

Agreed, and this happened as a result of bitcoin getting used much into gambling than other needs during its early days. There is some misunderstanding among people that bitcoin is primarily developed for the gambling industry. Though there is more controversy about the same, people have now known better about the truth that bitcoin into gambling is just a part.

Question123

sr. member

Activity: 1624

Merit: 267

The good in gambling sited yes it can help the population of the crypto user because other players who really wants to play in gambling possible for them to buy crypto so they can play a gambling through online and that is really effective to increase the user. Maybe they have other result which is really good fro the cryptocurrency to increase the value or the price.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

In terms of volumes, I'm pretty sure these Cryptocurrency gambling casinos contributed a lot, there are a lot of whales in these gambling sites, and they prefer it than traditional Casinos, because of anonymity and easiness of transaction.

It's just a matter of time before these Cryptocurrency gambling casinos become the most popular gambling and gaming sites on the internet, and these will attract more users of Cryptocurrency, gambling is one industry that is penetrated easily by Cryptocurrency.

roosbit

member

Activity: 893

Merit: 43

Random coins :)

Crypto gambling is among the real world use of cryptos and gambling being a very big industry this helps

in Cryptocurrency adoption and indirectly contributes to the rise in price if Demand keeps raising I.e more people crypto gambling.

cabalism13

legendary

Activity: 1428

Merit: 1166

🤩Finally Married🤩

Quote from: Viscore on September 13, 2019, 07:03:47 AM

Their contribution is they help to increase the demand of crypto, especially BTC as most gambling sites are accepting bitcoin.

Not only that, they also introduce altcoins that can be hold by the users. Just by using those altcoins that they introduce, they surely have a value and later on it will increase just like the others. And altcoin projects helps both gambling sites and the crypto industry to have a comtinuous growth in the economy.

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

Their contribution is they help to increase the demand of crypto, especially BTC as most gambling sites are accepting bitcoin.
Gambling industry is a big industry and we've seen the growth of crypto gambling industry and I believe we need it to grow so we can really tell there's a real adoption of crypto, not only people are buying to hold but they are buying to spend, and that's what people do when they gamble.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: Saisher on September 12, 2019, 05:54:24 PM

I don't know the percentage but I'm sure the percentage of people coming in and the volume is considerably high, there are coins dedicated to gambling and there are a lot of ICO in the past and right now, that is gambling dedicated, this will continue because gambling is a multi-million dollar industry.

Of course, I'm the proof. I gambled because I was a crypto user at first. Gambling is something that is prohibited in my country, so before crypto launch, I stayed away with gambling games. after crypto present and then which made you invisible and anonymous then I tried gambling.

jhonjhon

full member

Activity: 1316

Merit: 126

Crypto gambling sites helps in the awareness of bitcoin or other cryptocurrency. Some people don’t really know bitcoin or altcoins but when the came across these gambling sites that accepts crypto then it made them aware or know bitcoin and other altcoins. Also, it will make those who thinks bitcoin or altcoins fake realize that bitcoin isn’t a scam since gambling sites accepts them as a payment. Crypto gambling sites contributes in the introduction and awareness of bitcoins and other altcoins.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Gambling now has become an integral part of Cryptocurrency, it's obvious there are hundreds of gambling sites for Cryptocurrency, and there are Cryptocurrency dedicated for gambling, I think Cryptocurrency help gamblers to fund their account and to protect their identity.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Not just that, Crypto-based gambling companies also contribute to the growth of cryptocurrency prices. They help in creating demands....More demands make price go up.
The companies effect on overall prices is probably very small. Most of the demands for cryptocurrencies seem to come from centralized exchanges

xvids

sr. member

Activity: 1176

Merit: 301

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.

Yes and for me it is the best contribution of this gambling sites to the crypto community,
They are attracting non crypto people to play with crypto so it is increasing the demand for the crypto that this gamblers would use.
And some people would really love the crypto games because it is so easy to understand and play,
Not to mention that they could play it anywhere even in their mobile phones .

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

So let's assume I have some BTC, ETH, LTC, EOS, etc., sitting nicely on my Android wallet. What can I do with it?
- Buy groceries? Nope.
- Pay online cab? Nope.
- Play in various casinos? YES!
It's literary the only utility I can have while holding cryptos.

Ararbermas

sr. member

Activity: 2016

Merit: 283

For me in my view the contribution of gambling to crypto currency is very low, because you know some of the country are against on it because of being illegal . And most player in gambling are rich wherein who just play for fun and can afford to lose money with it. That's why percentage of gambling is very low in my opinion. Because some ppl that cant afford to lose huge money on it prefer to trade and making investment rather than wasting money in some gambling site.

bering

legendary

Activity: 2898

Merit: 1006

Leading Crypto Sports Betting & Casino Platform

Admitted or not some of crypto users came from the former of crypto gamblers which is they were know crypto through an crypto casinos because before they decide to became an crypto users usually they were gambling use crypto at the casinos and in this case indirectly crypto casinos have important role to introduce crypto to many people but indeed the way a slightly different because people have to buy altcoins or bitcoin to starting gamble

Saisher

full member

Activity: 2324

Merit: 175

I don't know the percentage but I'm sure the percentage of people coming in and the volume is considerably high, there are coins dedicated to gambling and there are a lot of ICO in the past and right now, that is gambling dedicated, this will continue because gambling is a multi-million dollar industry.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

It comes into the point that we can make use of our crypto as a currency instead of keeping them as an investment. In this form of gambling, we certainly enjoy the benefits that we might get from crypto.

Crypto gambling now is greatly known to all gamblers and I believe this a way that could help to promote crypto and adopt the system. It provides a comfortable experience which is much better than fiat could give as we can put our bets pretty easy.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

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.

Crypto, mainly bitcoin:

a) now more being used as a currency and not just a money-making scheme just by holding. More bitcoins are now circulated, not just in trading, but to gambling world as well.

b) awareness - what is this bitcoin all about? how the hell can I place a bet just by using bitcoin?

c) adoption - many gamblers don't have the ability to play on the usual fiat sportsbooks and casinos for several reasons such as payment options and verifications. with bitcoin, making deposits is easy as 1,2,3.

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

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.

Of course, it can allow more gamblers to hold bitcoin as their asset and it causes a massive adoption because there are a lot of gamblers enthusiasts that also now bitcoin enthusiasts. It can create more people who use bitcoin and also the transactions of it will become a massive too and the bitcoin mining will also earn that make transactions very fast. We noticed now that there are a lot of crypto gambling companies because there are also people who like gambling.

shoreno

full member

Activity: 1750

Merit: 118

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.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

I definitely agree that online casinos help out crypto adoption and awareness as a whole. I know several people that have asked me for assistance with buying and storing BTC in order to use the coins for gambling (because KYC's a pain, and some people live in countries where it's difficult to get an account to gamble), and I'm sure there's plenty more people who use BTC maybe even just for use with gambling. Hopefully some of those people learn more about crypto and use it for a purpose other than depositing and withdrawing from online casinos, but casinos do help.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

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.

What crypto casinos did at first was that they attracted a lot of people with high paying faucets, yeah, years ago price was very, very low and those amounts of bitcoins were pretty attractive in numbers, not in usd. So yeah, at some point they speed up adoption of cryptocurrencies among people in overall. Then dice played a huge role in it too, very attractive game which in most cases is played in cryptocurrencies, almost have never seen such game in fiat. And oh, bustabit did some things too.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

The crypto gambling sites are helping more people (especially the gamblers) know about crypto currencies. They are introducing gamblers to the world of crypto currencies. After gambling with crypto coins, there are high chances that they will keep a percent of their winnings as crypto for further investment. This further investment will eventually lead them to use it as a regular currency slowly thus helping in adoption of the crypto system.

vintages

full member

Activity: 966

Merit: 153

It's more like creating awareness. The constant transaction from gambling sites only improves cryptocurrency circulation and adoption.
I'm guessing new gamblers who are new to cryptocurrency get to know familiaize themselves about crypto through gambling. Hopefully, they will also understand that crypto is not only used for gambling.

sunsilk

hero member

Activity: 3038

Merit: 634

I'm thinking the same, I've seen the crypto gambling industry few years ago and I'm totally completely ignorant on how they run until few experiences and out of curiosity questions to understand it.

Although it wasn't the way that I was introduced to crypto but props to most of them because they have given everyone something different from the traditional casino's and gambling sites that we used to know. They have contributed to adoption of bitcoin and the feature of betting with the smallest amount is what I liked about them and maybe others too.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Quote from: rosezionjohn on September 12, 2019, 12:36:34 PM

I've read stories of accounts getting locked for reason like deposits are coming from gambling sites. That's what I had in mind when I said it puts crypto in a bad light in some way.

Yeah, My country was really stricted about the gambling online. In here the police sometime make a patrol at Internet Cafe checking the costumer did he playing a gambling casino like lottery/poker. Some people sometimes got caught and the police bring him to the office police

I tried several my local gambling using a fiat, the problem it's on the Deposit/Withdrawal its need time to verify the transaction around 24h. In cryptocurrency you can only doing that in a few mins, also they cant track my transaction gamble went using a crypto.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

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.

Well gambling sites were one of the first major uses cases for cryptocurrencies. Back in the day, the early cryptocurrency casinos were some of the only places where you could spend or use your Bitcoin and other cryptocurrencies.

Because of this, there is a deep history linking cryptocurrencies and gambling, hence why casinos like Windice, Mintdice, Primedice etc are able to generate such immense popularity even in 2019.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: avikz on September 12, 2019, 11:36:03 AM

Casino and gambling websites have contributed big time in the growth of bitcoin. I read an article about it long time back about it and below is the link,

https://news.bitcoin.com/bitcoin-gamblers-wagered-4-5-billion-btc-2014/

Remember, the article was written back in April, 2017 and since then, the number of crypto websites have increased many fold as well as the number of crypto users have seen new heights! The 4.5 billion USD has now crossed well over 10 billion USD, I assume!

Cryptos have actually opened up a new world to the gamblers worldwide! Earlier, it was a pain to transfer money from foreign bank account to the gambling account. It used to take more than a day along with an exorbitant fees. Cryptos have paved the way for new funds in this sector while increasing its own adoption rate due to the super convenience it provides to the gamblers!

I believe, online gambling is probably the only major business sector, which has used cryptos the way it has to be used! Not as an investment, but as a currency!

i totally agree with that! the usage of crypto in gambling industry is not on investment side only, but as a tool to access and play on the gambling site. what you can call the real app of crypto in this business!
gambling business is a lucrative business and with the attractive benefits that altcoins are offering to players, no wonder this is one of the businesses out there which is continually growing everyday. the proof can be seen from the increasing number of online casinos being launched in this forum alone.
crypto adoption is undoubtedly one of the major contribution of crypto gambling sites!

rosezionjohn

sr. member

Activity: 882

Merit: 301

Quote from: Mahanton on September 12, 2019, 12:19:51 PM

Quote from: rosezionjohn on September 12, 2019, 11:28:22 AM

On the positive side, these gambling sites accepting helped increase the popularity and usage of cryptocurrencies, there's no doubt about that.
On the negative side, it puts bitcoin and other crypto in a bad light in some way.

Then how we do consider those fiat based online gambling sites? Bitcoin/Crypto is only dragged up with that illegal/fraud issue but in gambling? Its not actually considered to be a problem.

I've read stories of accounts getting locked for reason like deposits are coming from gambling sites. That's what I had in mind when I said it puts crypto in a bad light in some way.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

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.

Crypto gambling websites definitely impact cryptocurrencies, I think. There are different aspects of it, some of which can be better and some can be worse, but I'd like to mention the two that seem most relevant to me. The first one is that gambling websites basically offer use cases for cryptocurrencies. That is, people can see how cryptos can actually be used, and not only as money but also for other blockchain-specific things like provably fair gambling, decentralized apps, betting based on smart contracts, etc. This is a very positive aspect, and online gambling is a great example of an area of implementation of cryptocurrencies. On a less positive note, quite some people are strictly against gambling because of the problems it can cause (gambling addiction), so if cryptos are mainly associated with casinos, it can significantly limit the number of potential users of cryptocurrencies.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Well, we are well aware that gambling had made a big impact on the community because cryptocurrency and gambling had well adapted to each other because of how the anonymity of cryptocurrency in playing gambling online, this was embraced by most gamblers because of its convenient and fast transaction they can sure play gambling on the comfort of their home, I guess gambling sites really makes bitcoin well known not only to gamblers but most people that are eventually hooked into how easy it is now to play gambling because of the introduction of cryptocurrency, So we can not take out the contribution of gambling is taking a big part in the crypto community.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: rosezionjohn on September 12, 2019, 11:28:22 AM

On the positive side, these gambling sites accepting helped increase the popularity and usage of cryptocurrencies, there's no doubt about that.
On the negative side, it puts bitcoin and other crypto in a bad light in some way.

Then how we do consider those fiat based online gambling sites? Bitcoin/Crypto is only dragged up with that illegal/fraud issue but in gambling? Its not actually considered to be a problem.

Gambling industry is vast or big and its just normal for us to see lots of them popping out and it do definitely gives out more awareness on crypto's existence and this is way more better than fiat ones when it comes to anonymity and ease on making deposits and withdrawals.

DoublerHunter

hero member

Activity: 2590

Merit: 644

It generates transactions of bitcoin and other cryptos, the more generated transactions of bitcoin the more the price has a growth. So, I think these online gambling industries have a better support of crypto and in general Bitcoin. There are a lot of contributions that we may consider in gambling to Bitcoin. Also, have on this good exposure to have massive adoption soon.

avikz

legendary

Activity: 3080

Merit: 1500

Casino and gambling websites have contributed big time in the growth of bitcoin. I read an article about it long time back about it and below is the link,

https://news.bitcoin.com/bitcoin-gamblers-wagered-4-5-billion-btc-2014/

Remember, the article was written back in April, 2017 and since then, the number of crypto websites have increased many fold as well as the number of crypto users have seen new heights! The 4.5 billion USD has now crossed well over 10 billion USD, I assume!

Cryptos have actually opened up a new world to the gamblers worldwide! Earlier, it was a pain to transfer money from foreign bank account to the gambling account. It used to take more than a day along with an exorbitant fees. Cryptos have paved the way for new funds in this sector while increasing its own adoption rate due to the super convenience it provides to the gamblers!

I believe, online gambling is probably the only major business sector, which has used cryptos the way it has to be used! Not as an investment, but as a currency!

rosezionjohn

sr. member

Activity: 882

Merit: 301

On the positive side, these gambling sites accepting helped increase the popularity and usage of cryptocurrencies, there's no doubt about that.
On the negative side, it puts bitcoin and other crypto in a bad light in some way.

robelneo

legendary

Activity: 3416

Merit: 1225

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.

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