Why Is Bitcoin Gambling Industry So Successful in the World?

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Quote from: kevpantof on October 31, 2017, 12:24:32 AM

Quote from: God Fist on October 28, 2017, 07:27:30 PM

because it allows people to gamble from any location and with any device without having to use any identification or reveal themselves and all they need is a bitcoin wallet, in addition those websites are very dynamic concerning withdrawal and deposits.

This is the major reason why people are highly involved in gambling with bitcoin and other digital currencies because in this way they can fulfill their desires of making money with gambling without revealing their identities as compared to real world casinos.

Bitcoin provides you with high level of privacy which ultimately let you enjoy your luck and game without having fear of getting caught by family or friends.

I don't agree with you, i think major reason why bitcoin gambling is so popular is privacy, not only that you can hide that from your friend or family, but also that you don't need to provide any kind of ID card, usually you only have to register using email, which isn't that bad compared to ID card.

mOgliE

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Hi,

Bitcoin gambling is successful because it is easy, fast and leaves no tracks (regarding who bets, of course operations are tracked).

Why is it so successful? I guess it is also because a large part of bitcoin community has this mind spirit of "trying to make the most of it". Most people start investing in bitcoin not because they believe in it but because they see an opportunity of profitability. Then, they stay for the potential of societal change carried by the crypto-currencies.

Bitcoin users are deeply players!

milewilda

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Quote from: megynacuna on November 19, 2017, 11:15:21 AM

Quote from: Ziskinberg on November 18, 2017, 05:18:43 PM

Quote from: christian07 on November 18, 2017, 05:05:04 PM

There's so many people all around the world enjoys bitcoin gambling so that is the reason.I think gambling is easy to play and its so much fun,if you play gambling here the feeling is good and its stress reliever in life.I think more on us is playing for past time only and not for profit because this is very risky

Bitcoin makes the gambling world better because it's easier to use and we can definitely hide our personal information which is a big plus factor. I am optimistic that fiat gambling will be replace by bitcoin gambling in the future, and as I can see now, people are starting to shift in crypto gambling which makes the bitcoin gambling industry grow faster.

The main reason why they are shifting to crypto currencies isn't only about privacy but accessibility , convenience and trust. Many of the fiat based gambling houses even refuses payment after a win or delay you upto an appropriate date before payment will be eligible but all these are catered for when you gamble online with bitcoin.

Not all the times since there are instances which when you won big amounts on some casinos or gambling sites do make already an issue to your gambling activity which would turn out to have a delay on recieving your money but this cases do only happen when you play on some non-famous or shady sites but if you do play on legit and credible then you wont really experience this one. Accessibility and comfort is one of the reasons too.

megynacuna

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Quote from: Ziskinberg on November 18, 2017, 05:18:43 PM

Quote from: christian07 on November 18, 2017, 05:05:04 PM

There's so many people all around the world enjoys bitcoin gambling so that is the reason.I think gambling is easy to play and its so much fun,if you play gambling here the feeling is good and its stress reliever in life.I think more on us is playing for past time only and not for profit because this is very risky

Bitcoin makes the gambling world better because it's easier to use and we can definitely hide our personal information which is a big plus factor. I am optimistic that fiat gambling will be replace by bitcoin gambling in the future, and as I can see now, people are starting to shift in crypto gambling which makes the bitcoin gambling industry grow faster.

The main reason why they are shifting to crypto currencies isn't only about privacy but accessibility , convenience and trust. Many of the fiat based gambling houses even refuses payment after a win or delay you upto an appropriate date before payment will be eligible but all these are catered for when you gamble online with bitcoin.

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Quote from: christian07 on November 18, 2017, 05:05:04 PM

There's so many people all around the world enjoys bitcoin gambling so that is the reason.I think gambling is easy to play and its so much fun,if you play gambling here the feeling is good and its stress reliever in life.I think more on us is playing for past time only and not for profit because this is very risky

Yes, there is a lot of people play gambling for fun, and they don't consider it like a source for profit, because they know that is too risky, and in few seconds we can lose a lot of money, if we didn't be carefull. So to avoid that, a lot of people do gambling and use only low amounts, and enjoy their bets.
Also, bitcoin gambling is a great way to gamble for most of gamblers, because even if you are under 18 years old, you can use bitcoin and gamble with it without any documents required by a gambling site.

Ziskinberg

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Quote from: christian07 on November 18, 2017, 05:05:04 PM

There's so many people all around the world enjoys bitcoin gambling so that is the reason.I think gambling is easy to play and its so much fun,if you play gambling here the feeling is good and its stress reliever in life.I think more on us is playing for past time only and not for profit because this is very risky

Bitcoin makes the gambling world better because it's easier to use and we can definitely hide our personal information which is a big plus factor. I am optimistic that fiat gambling will be replace by bitcoin gambling in the future, and as I can see now, people are starting to shift in crypto gambling which makes the bitcoin gambling industry grow faster.

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There's so many people all around the world enjoys bitcoin gambling so that is the reason.I think gambling is easy to play and its so much fun,if you play gambling here the feeling is good and its stress reliever in life.I think more on us is playing for past time only and not for profit because this is very risky

Vikingr

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Quote from: mharz on October 31, 2017, 01:28:11 AM

Quote from: Burks on October 31, 2017, 12:39:55 AM

Quote from: kevpantof on October 31, 2017, 12:24:32 AM

Quote from: God Fist on October 28, 2017, 07:27:30 PM

because it allows people to gamble from any location and with any device without having to use any identification or reveal themselves and all they need is a bitcoin wallet, in addition those websites are very dynamic concerning withdrawal and deposits.

This is the major reason why people are highly involved in gambling with bitcoin and other digital currencies because in this way they can fulfill their desires of making money with gambling without revealing their identities as compared to real world casinos.

Bitcoin provides you with high level of privacy which ultimately let you enjoy your luck and game without having fear of getting caught by family or friends.

The main reason for their success is from people's greediness.Mostly all people gamble for become rich very easily but many of them don't know the probability of winning in gambling is very very less.So many people gamble but they ended up losing their money which is the profit for gambling industry and makes them success.

My simple opinion is they want to become rich and more influential people in the world, that's why they want to try their luck in gambling. However instead of earning income they were loss due to greediness in gambling.
Honestly I also played gambling because I want to become rich in the future but instead of becoming rich I realized that some I gained loses, so I decided to quit in gambling.

You have taken a wise decision indeed. If you have faced some sort of big issues in gambling then this is not wrong to give upon it and being someone to quit easily is something lucky. The gambling of bitcoins and other cryptocurrencies has become very famous in the market because of its increasing demand and ease of access along with the reliability users have .According to my statistics, the industry would flourish more and more in the upcoming decades.

mharz

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Quote from: Burks on October 31, 2017, 12:39:55 AM

Quote from: kevpantof on October 31, 2017, 12:24:32 AM

Quote from: God Fist on October 28, 2017, 07:27:30 PM

because it allows people to gamble from any location and with any device without having to use any identification or reveal themselves and all they need is a bitcoin wallet, in addition those websites are very dynamic concerning withdrawal and deposits.

This is the major reason why people are highly involved in gambling with bitcoin and other digital currencies because in this way they can fulfill their desires of making money with gambling without revealing their identities as compared to real world casinos.

Bitcoin provides you with high level of privacy which ultimately let you enjoy your luck and game without having fear of getting caught by family or friends.

The main reason for their success is from people's greediness.Mostly all people gamble for become rich very easily but many of them don't know the probability of winning in gambling is very very less.So many people gamble but they ended up losing their money which is the profit for gambling industry and makes them success.

My simple opinion is they want to become rich and more influential people in the world, that's why they want to try their luck in gambling. However instead of earning income they were loss due to greediness in gambling.
Honestly I also played gambling because I want to become rich in the future but instead of becoming rich I realized that some I gained loses, so I decided to quit in gambling.

Thanasis

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Quote from: Burks on October 31, 2017, 12:39:55 AM

Quote from: kevpantof on October 31, 2017, 12:24:32 AM

Quote from: God Fist on October 28, 2017, 07:27:30 PM

because it allows people to gamble from any location and with any device without having to use any identification or reveal themselves and all they need is a bitcoin wallet, in addition those websites are very dynamic concerning withdrawal and deposits.

This is the major reason why people are highly involved in gambling with bitcoin and other digital currencies because in this way they can fulfill their desires of making money with gambling without revealing their identities as compared to real world casinos.

Bitcoin provides you with high level of privacy which ultimately let you enjoy your luck and game without having fear of getting caught by family or friends.

The main reason for their success is from people's greediness.Mostly all people gamble for become rich very easily but many of them don't know the probability of winning in gambling is very very less.So many people gamble but they ended up losing their money which is the profit for gambling industry and makes them success.

Yeah,you are totally correct which is the main reason for gambling industry's success.Still there are some reasons for their success in bitcoin gambling are anonymity is the major reason why many prefer Bitcoin. Maintaining it in the e-Wallet is completely anonymous. For instance, depositing and withdrawing through Bitcoin eWallet is anonymous on its own, but in a really great Bitcoin casino, the process of signing up also is completely anonymous. Sites with features like these are the ones that attract many players.

This is another great reason why people prefer Bitcoin. Players and casinos do not get charged when depositing or withdrawing. Bitcoin currency does not increase its value when in your account. However, when the stock is high, you will benefit hugely from making a deposit when BTC is high and enjoying the rewards of promotions.

Burks

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Quote from: kevpantof on October 31, 2017, 12:24:32 AM

Quote from: God Fist on October 28, 2017, 07:27:30 PM

because it allows people to gamble from any location and with any device without having to use any identification or reveal themselves and all they need is a bitcoin wallet, in addition those websites are very dynamic concerning withdrawal and deposits.

This is the major reason why people are highly involved in gambling with bitcoin and other digital currencies because in this way they can fulfill their desires of making money with gambling without revealing their identities as compared to real world casinos.

Bitcoin provides you with high level of privacy which ultimately let you enjoy your luck and game without having fear of getting caught by family or friends.

The main reason for their success is from people's greediness.Mostly all people gamble for become rich very easily but many of them don't know the probability of winning in gambling is very very less.So many people gamble but they ended up losing their money which is the profit for gambling industry and makes them success.

kevpantof

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Quote from: God Fist on October 28, 2017, 07:27:30 PM

because it allows people to gamble from any location and with any device without having to use any identification or reveal themselves and all they need is a bitcoin wallet, in addition those websites are very dynamic concerning withdrawal and deposits.

This is the major reason why people are highly involved in gambling with bitcoin and other digital currencies because in this way they can fulfill their desires of making money with gambling without revealing their identities as compared to real world casinos.

Bitcoin provides you with high level of privacy which ultimately let you enjoy your luck and game without having fear of getting caught by family or friends.

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Quote from: szpalata on October 30, 2017, 04:15:08 PM

Quote from: equator on October 28, 2017, 06:53:05 PM

The main reason of it getting success is that the user dont have to give his identification details to gamble , you can just open the account and get access tothe account through bitcoin wallet address and just start gambling. Even the under age users are able to gamble so it got so much success.

True, privacy is one virtue that a lot of gamblers crave for and iif bitcoin and cryptocurrency gambling unlike fiat online gambling can offer us that then a lot of us will patronize bitcoin gambling industry more than the others and this is the reason why that is becoming so successful.

Yeah, it is main reason that people attract to play with bitcoin online gambling, because in it, we don't need to give any personal information and i know mostly people don't like to show their identity and private information. Also the way to play it, it is easy than fiat gambling, although you have only few satoshi then also you could play games with bitcoin.

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Quote from: Pettuh4 on October 30, 2017, 06:53:08 PM

Quote from: BrannigansLaw on October 30, 2017, 05:56:08 PM

Privacy is the only thing that comes to my mind why the crypto currency based gambling industry is so successful,but we are yet to see more competition in this field too comparing to the fiat based gambling sites,some of the prominent sites have closed down and we are yet to find those replacements yet.

Yes privacy is imperative when it comes to online gambling because most of the time all online gamblers don't want to be seen doing it and that's why they do it online and so if you can guarantee them that privacy then they will all quickly go for it and that's why bitcoin gambling industry is triumphing.

decent gamblers doesn't like to expose their activities so instead of going to casino house or go to any sports houses they love playing with the comfort
of their computer or devices, and that's what crypto can provide an easy access without any traces though there's fiat online casino's but kyc is very strict.

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Quote from: BrannigansLaw on October 30, 2017, 05:56:08 PM

Privacy is the only thing that comes to my mind why the crypto currency based gambling industry is so successful,but we are yet to see more competition in this field too comparing to the fiat based gambling sites,some of the prominent sites have closed down and we are yet to find those replacements yet.

Yes privacy is imperative when it comes to online gambling because most of the time all online gamblers don't want to be seen doing it and that's why they do it online and so if you can guarantee them that privacy then they will all quickly go for it and that's why bitcoin gambling industry is triumphing.

BrannigansLaw

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Privacy is the only thing that comes to my mind why the crypto currency based gambling industry is so successful,but we are yet to see more competition in this field too comparing to the fiat based gambling sites,some of the prominent sites have closed down and we are yet to find those replacements yet.

szpalata

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Quote from: equator on October 28, 2017, 06:53:05 PM

The main reason of it getting success is that the user dont have to give his identification details to gamble , you can just open the account and get access tothe account through bitcoin wallet address and just start gambling. Even the under age users are able to gamble so it got so much success.

True, privacy is one virtue that a lot of gamblers crave for and iif bitcoin and cryptocurrency gambling unlike fiat online gambling can offer us that then a lot of us will patronize bitcoin gambling industry more than the others and this is the reason why that is becoming so successful.

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Quote from: noormcs5 on October 25, 2017, 11:37:52 PM

Quote from: jagdeepjd on October 24, 2017, 08:53:17 AM

gambling has always been a successful thing because almost everyone wants to try his luck and with bitcoin we get the anonymity no private info needed we can easily transfer bitcoin from one person to another . i personally was not a gambler but since i came to know about bitcoin i started gambling on some dice sites . and there are many like me who did so . so this is one of the many reasons why bitcoin gambling industry is so successful.

Same here with me, i came in gambling because when i entered in bitcoin and then i started to play gambling. But before bitcoin gambling is also here in my country and people play it with fun but bitcoin give help to online gambling system because of easy transaction. But still i will say since when gambling came into this world people like it and play it because of many reasons, but i got it gambling industry successful because of entertainment.

Never gambled all my life until I got interested in bitcoin and it was funny since I always had the notion that I will never gamble after knowing someone close to me who apparently wrecked his life through gambling, now he is gone from the whole frustration in his life leaving wife and kids to suffer for it. And then, bitcoin came and the tendency to give it a try just came...

It is funny though cause I never let it control me and I just had to stop before it does. There will always be someone at that point of their life who would want to try their luck and apparently, we cannot just always win, can we?

mx667

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Quote from: MMS2017 on October 29, 2017, 01:30:09 AM

Yes it is true that bitcoin Gambling industry is so successful in the world because it is attached with crypto currency like bitcoin that’s why it is successful most of the time Gambling requires three elements be present: consideration, chance and prize so this all are qualified by bitcoin and in the present world Gambling industry is so successful and profitable.

The main reason why Bitcoin gambling is so popular is because we can get Bitcoin for free in a relatively easy way. We can use the faucet site to get some Bitcoins, even if they are small. After that we can use the money to gamble directly from the faucet site, because usually some sites are directly provide gambling services.

People tend to be tempted by the idea of gambling because people assume that gambling can double the money by not working at all. And also with an encrypted currency like Bitcoin, one can easily use it as a hidden transaction. I guess that's the only reason why Bitcoin gambling gets so popular.

MMS2017

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Yes it is true that bitcoin Gambling industry is so successful in the world because it is attached with crypto currency like bitcoin that’s why it is successful most of the time Gambling requires three elements be present: consideration, chance and prize so this all are qualified by bitcoin and in the present world Gambling industry is so successful and profitable.

Topic: Why Is Bitcoin Gambling Industry So Successful in the World? (Read 5557 times)