Why Is Bitcoin Gambling Industry So Successful in the World? - page 12.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: gribble on May 22, 2017, 12:21:09 AM

In my personal experience bitcoin gambling be successful because of it is gives me protect indentity
on my country gambling is something illegal activities,
but with bitcoin for betting makes easy to play online gambling and it is good for my entertainment
it gives me free way to choose play gambling. Grin

I think only reason is its totally anonymous and you dont have to show any proof and sitting at home you can easily at your choice can play and get entertain oneself and win/loose the amount while betting . Rest while in normal gambling you may be asked to reveal your age proof etc.

gribble

hero member

Activity: 966

Merit: 552

In my personal experience bitcoin gambling be successful because of it is gives me protect indentity
on my country gambling is something illegal activities,
but with bitcoin for betting makes easy to play online gambling and it is good for my entertainment
it gives me free way to choose play gambling. Grin

youdacapt

sr. member

Activity: 1876

Merit: 295

GOD is TRUE

Quote from: tabas on May 21, 2017, 04:17:43 PM

Quote from: Ziskinberg on May 20, 2017, 07:06:57 PM

With that, gambling is very fast for you but it poses some risk because there is no KYC involve where you cannot go after with your money if anything happen to a site. However, that is not a problem nowadays, with bitcoin gambling we are able to diversify our bets or even investments with different gambling sites, it will not eliminate the risk but will minimize it.

It is one of their disadvantage for the security of the gamblers, they are not implementing KYC. Mostly, they are only thinking that there are gamblers that doesn't want to do some registration and other confirmation and verification. They are focusing more with their games and on how they can attract more gamblers which is very effective.

KYC is very useful for responding to customer complaints, if they complain of mis-delivery or fraud cases when transactions to other users, or even to their other accounts. Anonymous can also damage the gambling system where people can register a hundred accounts to tricking poker table system. The best of bitcoin gambling still exist is because they minimize damage from its users.

marlboroza

legendary

Activity: 1932

Merit: 2272

Only part i agree is anonymity(not full) and personal information not necessary but it applies to some sites not.
I don't find this parts true - "no fees during deposits" while there are fees, "it gets placed into one’s account so fast" and we all know how long we are waiting for deposits.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Ziskinberg on May 20, 2017, 07:06:57 PM

Quote from: tabas on May 20, 2017, 05:34:56 PM

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

Probably this is the reason why everyone loves to do bitcoin gambling. Because before there is an online gambling already but it was just upgrade into bitcoin gambling for the adoption of bitcoin. And it became successful, it doesn't require some registration (for some) and there's no need to show proof of identity.

With that, gambling is very fast for you but it poses some risk because there is no KYC involve where you cannot go after with your money if anything happen to a site. However, that is not a problem nowadays, with bitcoin gambling we are able to diversify our bets or even investments with different gambling sites, it will not eliminate the risk but will minimize it.

It is one of their disadvantage for the security of the gamblers, they are not implementing KYC. Mostly, they are only thinking that there are gamblers that doesn't want to do some registration and other confirmation and verification. They are focusing more with their games and on how they can attract more gamblers which is very effective.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: Jantapw on May 11, 2017, 06:59:09 AM

Because its completely anonymous... coins like XMR are untraceable and they are the future for gambling

Yes, bitcoin will be anonymous too with using bitcoin mixing service without convert to xmr
also there are not the gambling service that accept xmr for getting in gambling, do you can give detail about it?
the altcoins be used for gambling game is ethereum especially for vdice.io that accept ethereum for betting, it will be successful too because of the first gambling be builded on ethereum blockchain.

Jasad

legendary

Activity: 1414

Merit: 1002

= jasad =

Quote from: Caladonian on May 20, 2017, 11:18:31 PM

Quote from: ASHLIUSZ on May 20, 2017, 11:02:52 PM

Always easy earning attracts users in a simple manner. So gambling industry being successful is not a big thing and the bitcoin usage into gambling make it more easy to use. Now a major percentage of bitcoin circulation takes place through the gamblingindustry.

Yes mate gambling industry really makes a success with bitcoin since its really an easy access for most gamblers to play secretly and with most people who got involved they really make a huge impact more usage more success for bitcoin industry.

i think it's not about easy access , anonymous etc ,
but because the bitcoin casino run illegally , they did not pay the tax ,
no wonder they so successful getting profit ,
as the amount to pay the tax is pretty high .

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: Caladonian on May 20, 2017, 11:18:31 PM

Quote from: ASHLIUSZ on May 20, 2017, 11:02:52 PM

Always easy earning attracts users in a simple manner. So gambling industry being successful is not a big thing and the bitcoin usage into gambling make it more easy to use. Now a major percentage of bitcoin circulation takes place through the gamblingindustry.

Yes mate gambling industry really makes a success with bitcoin since its really an easy access for most gamblers to play secretly and with most people who got involved they really make a huge impact more usage more success for bitcoin industry.

I agree, Bitcoin enable lots of people to access the gambling industry. One of the reason is, those who do not have bank account can now play in the Casino with bitcoin. Aside from that minors can sneak into the casino site undetected since they are anonymous. This is some reason why Bitcoin gambling industry is successful.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: ASHLIUSZ on May 20, 2017, 11:02:52 PM

Always easy earning attracts users in a simple manner. So gambling industry being successful is not a big thing and the bitcoin usage into gambling make it more easy to use. Now a major percentage of bitcoin circulation takes place through the gamblingindustry.

Yes mate gambling industry really makes a success with bitcoin since its really an easy access for most gamblers to play secretly and with most people who got involved they really make a huge impact more usage more success for bitcoin industry.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Quote from: Shinpako09 on May 18, 2017, 07:04:04 PM

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

Omg if a minor wins big and they request ID they just shot themselves in the foot because they let someone underage play at their casino. I wonder how that would pan out.

ASHLIUSZ

hero member

Activity: 994

Merit: 502

Always easy earning attracts users in a simple manner. So gambling industry being successful is not a big thing and the bitcoin usage into gambling make it more easy to use. Now a major percentage of bitcoin circulation takes place through the gamblingindustry.

Skarner21

hero member

Activity: 700

Merit: 500

Massive price drop coming...

Quote from: tabas on May 20, 2017, 05:34:56 PM

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

Probably this is the reason why everyone loves to do bitcoin gambling. Because before there is an online gambling already but it was just upgrade into bitcoin gambling for the adoption of bitcoin. And it became successful, it doesn't require some registration (for some) and there's no need to show proof of identity.

I think many other reason why they are was successful in bitcoin gambling.. its because of there are countries that gambling was illegal bitcoin is perfect alternative to gamble online so that is why i think they are successful and bitcoin was increase value too that i think that can sustain their business for a long time.. If those business are here in my country i think you already a millionare..

Ziskinberg

hero member

Activity: 2926

Merit: 636

Quote from: tabas on May 20, 2017, 05:34:56 PM

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

Probably this is the reason why everyone loves to do bitcoin gambling. Because before there is an online gambling already but it was just upgrade into bitcoin gambling for the adoption of bitcoin. And it became successful, it doesn't require some registration (for some) and there's no need to show proof of identity.

With that, gambling is very fast for you but it poses some risk because there is no KYC involve where you cannot go after with your money if anything happen to a site. However, that is not a problem nowadays, with bitcoin gambling we are able to diversify our bets or even investments with different gambling sites, it will not eliminate the risk but will minimize it.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

Probably this is the reason why everyone loves to do bitcoin gambling. Because before there is an online gambling already but it was just upgrade into bitcoin gambling for the adoption of bitcoin. And it became successful, it doesn't require some registration (for some) and there's no need to show proof of identity.

moviebuff777

sr. member

Activity: 378

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: tyz on May 10, 2017, 11:31:49 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

It's successful because online gambling with bitcoin is basically anonymous. It's very easy to fund an account as long as you already have some bitcoins or altcoins.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: megynacuna on May 20, 2017, 04:23:30 PM

Quote from: lienfaye on May 20, 2017, 08:18:56 AM

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

Exactly, its easy to access their site without any personal information required regardless of your age. you will remain anonymous as you play i think that is one of the few reason why it became successful.

I agree with you but there are fiat currency gambling websites with similar situations and so I don't think it's exclusively due to the fact that you'll be completely anonymous but then you'll be able to increase your investments in Bitcoin without necessarily going through the exchanges.

But to deal in fiat, gambling houses might need government approval and linking bank accounts which might lead to continuous auditing and facing legal issues whereas bitcoin based gambling does not need any approval nor any linking with banks.

So, 100% hassle free for gambling houses to focus on their business rather than struggling with regulations.

megynacuna

sr. member

Activity: 756

Merit: 253

Quote from: lienfaye on May 20, 2017, 08:18:56 AM

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

Exactly, its easy to access their site without any personal information required regardless of your age. you will remain anonymous as you play i think that is one of the few reason why it became successful.

I agree with you but there are fiat currency gambling websites with similar situations and so I don't think it's exclusively due to the fact that you'll be completely anonymous but then you'll be able to increase your investments in Bitcoin without necessarily going through the exchanges.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

Exactly, its easy to access their site without any personal information required regardless of your age. you will remain anonymous as you play i think that is one of the few reason why it became successful.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

and thats possible because of bitcoin and we should really give thanks to its existence and the main reason why gambling industry is booming up already and seeing on the current number of gambling sites as of now we can really see the difference.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: Barcode_ on May 20, 2017, 07:59:41 AM

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money

I think so, because people are playing comfortably in their comfort zone and also some are doing it for entertainment also. Also very convenient at home, at it is very confidential if you do in your room alone.You can can out in your room as if nothing happen.

Topic: Why Is Bitcoin Gambling Industry So Successful in the World? - page 12. (Read 5536 times)