Topic: Why Is Bitcoin Gambling Industry So Successful in the World? - page 10. (Read 5536 times)
September 20, 2017, 07:57:31 PM
One reason why Bitcoin Gambling Industry is very successful is because it is better than any other online casino who uses $ etc etc, The transaction or moving your money to one place to another is very easy in Bitcoin though its not that instant anymore but it is better compared when you are transferring dollars , php or any other currency in online gambling site, Another reason is that casino will not be able to know you in Online Bitcoin Gambling because you don't need to input lots of details.
September 20, 2017, 07:54:40 PM
I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article
The reason that gambling is so successful in bitcoin is because bitcoin is a perfect match for gambling, gamblers love to bet but they hate to go through all the KYC measures that fiat casinos make them go through, with bitcoin they can avoid that bet as much as they want and their name is not associated with them and their gambling accounts, and as such gamblers are deciding that they prefer bitcoin casinos over fiat casinos 
September 20, 2017, 07:50:53 PM
It is anonymous. That is the main reason for it to become so popular.
September 20, 2017, 01:38:31 AM
I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article
It is true, bitcoin promote the online gambling world and give the success of it. Bitcoin has a credit of in it. Me and most of the other bitcoin gamblers come in bitcoin online gambling sites because when they know about bitcoin then without any thought they started online gambling with bitcoin, and dice is famous game, that's why it is also famous and interesting game since now in bitcoin online gambling world.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 20, 2017, 12:02:17 AM
I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article
Gambling is the most favored passion for everyone, look at Las Vegas, Macao, and with bitcoins it's easier to play, no need to risk your Fiat, no one knows how much you played and it's super easy and super fun. Not all countries allow gambling so with bitcoin, it's easier and quicker, no need to show your Fiat, and yet earn and plus over a time your money increases in Bitcoins. So yes I also prefer to gamble a lot in Bitcoins.
that is why before we are playing gambling, we need to control our emotion so no matter what will happen with loss or win, we are not too aggressive in games. beside that if you want to playing gambling, decide how much money you want to gamble and if you are win then determine how much profit you want and if you are loss, then limit your loss so you don't have to loss much money.
September 19, 2017, 06:54:33 AM
I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article
Gambling is the most favored passion for everyone, look at Las Vegas, Macao, and with bitcoins it's easier to play, no need to risk your Fiat, no one knows how much you played and it's super easy and super fun. Not all countries allow gambling so with bitcoin, it's easier and quicker, no need to show your Fiat, and yet earn and plus over a time your money increases in Bitcoins. So yes I also prefer to gamble a lot in Bitcoins.
September 19, 2017, 05:35:37 AM
I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article
Gambling is the most favored passion for everyone, look at Las Vegas, Macao, and with bitcoins it's easier to play, no need to risk your Fiat, no one knows how much you played and it's super easy and super fun. Not all countries allow gambling so with bitcoin, it's easier and quicker, no need to show your Fiat, and yet earn and plus over a time your money increases in Bitcoins. So yes I also prefer to gamble a lot in Bitcoins.
September 19, 2017, 04:55:36 AM
I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st most successful casino was Satoshi Dice, which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article
Gambling is the most favored passion for everyone, look at Las Vegas, Macao, and with bitcoins it's easier to play, no need to risk your Fiat, no one knows how much you played and it's super easy and super fun. Not all countries allow gambling so with bitcoin, it's easier and quicker, no need to show your Fiat, and yet earn and plus over a time your money increases in Bitcoins. So yes I also prefer to gamble a lot in Bitcoins.
September 19, 2017, 02:48:03 AM
Deep down, I believe that Bitcoin was conceived, in large part, to remedy over regulation in the gambling industries ---> so people could gamble without having to deal with the regulatory uncertainties in their jurisdictions. I'm not saying Bitcoin was specifically conceived for that purpose but it was a significant factor in my opinion. It was first conceived just after the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) so it seems that there may have been a connection, a sentiment to motivate its creation at least.
September 18, 2017, 03:15:00 PM
Gambling is one of the industries which is supporting bitcoin the most. The reason is simple. With Bitcoin anyone can play from everywhere and have no restrictions. Governments have blocked some gambling websites in many countries but I don't know any bitcoin sports book blocked by governments until now. Same with bitcoin casinos. Even a 14 year old can play gambling with bitcoin as long as he has internet access and knows how to create a bitcoin wallet. You can't do this with FIAT gambling websites.
September 18, 2017, 02:55:57 PM
i think if compare market gambling industry use fiat money still big use fiat money
you can see in bet365, bwin, williamhill and more, with gambling can sponsorship big football club, football league in europa, MotoGp and more
about much people interest bitcoin gambling because without verified anoymous, instant payment and easy play
Of course lol , considering hey have operated the business since long time ago ,you can see in bet365, bwin, williamhill and more, with gambling can sponsorship big football club, football league in europa, MotoGp and more
about much people interest bitcoin gambling because without verified anoymous, instant payment and easy play
Where bitcoin itself just get started 5 years ago or so ,
But if you take a look to the growth of bitcoin gambling activity , it has bigger percentage ,
Sooner or later it could become the biggest thing on the internet , yes it is bitcoin and gambling phenomenon.
September 18, 2017, 02:40:33 PM
The gambling industry is so successful because the average man doesn't earn a lot of money. Gambling gives you the chance to win money so it's that simple really.
September 18, 2017, 01:21:40 PM
What I noticed in Bitcoin gambling is that a lot of people play it, and yes since a lot of people play it it will then be a success. Mostly at first since some of the players only gamble digital currencies that they obtained online it doesn’t strain their real budget. Also since online gambling using cryptocurrencies are not subjected to any tax because there's no law yet prohibiting and taxing cryptocurrencies. No tax more income and people can play online without anyone knowing who they are.
This will completely hide our identity that is why people will prefer bitcoin gambling sites. And once we deposited bitcoins we can play n number of games with that money, and we can transfer that coins to other sites also with very less fee. this is userfriendly currency this kind of facilities we will not get in fiat gambling sites. That is why the bitcoin gambling sites are very famous in all over the world. September 18, 2017, 01:01:07 PM
I think it's because majority of the players/gamblers are into it's convenience they no longer need to travel just to go to a casino sites. So instead of going somewhere just to gamble.. all they have to do is to go via internet to gamble.
September 18, 2017, 09:20:36 AM
i think if compare market gambling industry use fiat money still big use fiat money
you can see in bet365, bwin, williamhill and more, with gambling can sponsorship big football club, football league in europa, MotoGp and more
about much people interest bitcoin gambling because without verified anoymous, instant payment and easy play
you can see in bet365, bwin, williamhill and more, with gambling can sponsorship big football club, football league in europa, MotoGp and more
about much people interest bitcoin gambling because without verified anoymous, instant payment and easy play
September 18, 2017, 07:50:12 AM
What I noticed in Bitcoin gambling is that a lot of people play it, and yes since a lot of people play it it will then be a success. Mostly at first since some of the players only gamble digital currencies that they obtained online it doesn’t strain their real budget. Also since online gambling using cryptocurrencies are not subjected to any tax because there's no law yet prohibiting and taxing cryptocurrencies. No tax more income and people can play online without anyone knowing who they are.
It is actually because of bitcoin, gambling online is nothing when it is not because of bitcoin, because as of today bitcoin has a really good feedback and it is really because of its value that is continue increasing, when bitcoin started a lot of non-gamblers became gamblers because of it they they really want to earn more.
Totally agree. There is only one point to add. There is also no verification of age. Many states require to verify the age of gamblers.
The disadvantage of this is that the hurdle to become addicted is very low.
Another point is that there are now also organizations that use online gaming for money laundering.
The disadvantage of this is that the hurdle to become addicted is very low.
Another point is that there are now also organizations that use online gaming for money laundering.
Bitcoin gambling is so successful because of it's characteristic of being accessible to any person in the world with only using a device + internet. It's also by far the easiest way to place a bet on any game that you would want. With just about two clicks, you can quickly bet on a dice and also instanly be notified on the result of the game. Bitcoin had made a very big impact on the world of gambling.
Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.
Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.
The possibility to bet since very low amounts like 1 satoshis is a good advantage when gambling with Bitcoins, but real gamblers (not people gambling with few thousands of satoshis) don't matter very much to start betting high, they have big bankrolls, they come to the game to make real profit. So I think the success of this business comes principally from the anonymity Crypto Currency offers, because many countries forbid their people to gamble, so this is the only option they have to do it.
do any casinos allow bets as low as 1sat? I think there's a minimum bet for pretty much all bitcoin casinos here and 1 sat won't hit that requirement. and I agree that the anonymity of bitcoin gives gamblers more sense of security in their accounts compared to the normal online gambling set up.
Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.
Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.
The possibility to bet since very low amounts like 1 satoshis is a good advantage when gambling with Bitcoins, but real gamblers (not people gambling with few thousands of satoshis) don't matter very much to start betting high, they have big bankrolls, they come to the game to make real profit. So I think the success of this business comes principally from the anonymity Crypto Currency offers, because many countries forbid their people to gamble, so this is the only option they have to do it.
Jump to: