Topic: Why Is Bitcoin Gambling Industry So Successful in the World? - page 13. (Read 5557 times)
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
Bitcoin Industry now is successfull in the world because bitcoin was promoted to all countries.
Bitcoin now is easy to use in any transactoin,and people are longing to bitcoin.
Sooner bitcoin will be one of the strongest coin to control the world.
Bitcoin now is easy to use in any transactoin,and people are longing to bitcoin.
Sooner bitcoin will be one of the strongest coin to control the world.
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.
I doubt that there is any significant amount of underage gamblers who visit Bitcoin casinos, because were would those kids get money in the first place? You can see many gamblers wager hundreds and thousands of USD worth in Bitcoin, it's not realistic for kids to have this kind of money without job. In my opinion Bitcoin gambling is so popular because it's very convenient for players - low house edges, fast, simple, no bullshit taxes and regulations, provably fair.
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.
indeed. compared to the conventional way of gambling, you're not going to be exposed as you nver have to input any information. for the that's the number one reason why bitcoin gambling is getting so much support. it's easier tonuse as well but the security and anonymity is the main reason why more and more people would prefer bitcoin gambling
That is the reason there are many gambling sites are continuously running their signature campaign here so that they keep on attracting new gamblers and staying competitive in their industry.
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.
Haha you must be joking.You can do all that until you win and request a withdrawal,if you do,you'd have to submit all the proofs of your origin and your age.To which they will look for ways to ban your account for violating their terms and conditions which didn't exist before you started playing there.Unless ofcourse you're playing on a reputed gambling site.
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.
indeed. compared to the conventional way of gambling, you're not going to be exposed as you nver have to input any information. for the that's the number one reason why bitcoin gambling is getting so much support. it's easier tonuse as well but the security and anonymity is the main reason why more and more people would prefer bitcoin gambling
In general anonymity of you identity is a special feature of cryptography. Your only identity is the code generated by the unique address that comes from a super random sequence created by hash functions. So everything we do does not really require any identity unless offcourse if you want it to convert to fiat because it really needs it but people wont know that u are this guy gambling and losing many bets.
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.
indeed. compared to the conventional way of gambling, you're not going to be exposed as you nver have to input any information. for the that's the number one reason why bitcoin gambling is getting so much support. it's easier tonuse as well but the security and anonymity is the main reason why more and more people would prefer bitcoin gambling
Because its completely anonymous... coins like XMR are untraceable and they are the future for gambling
It is not that completely anonymous. You can be still known but it is hard. I think what gamblers like about bitcoin, is that it has a small amount, but has a bigger value. I think it is better to bet a .1 than a $100, if you ask me, I will be having second thoughts about it.
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.
I found only one reason in the article which is the real reason for the success of bitcoin gambling and that is the anonymity of the people who gamble on that sites. As many people have problems in gambling from their countries who are banned for going there. In the second point they are talking about the personal information I think it also come in the anonymity point.
i will focus for anonimity and there are a lot of gambling games that can do with bitcoin. and without rules about how minimum old people can do gambling with bitcoin i think a lot of teenagers play it
Yes, anonymity must be a biggest reason for the success of bitcoins based gambling sites. Before introduction of bitcoin payment system, I am sure gamblers could never think about not unveiling their sensitive personal information for the only reason of going for gambling.When gamblers are able to maintain their gambling activities confidential even from their family members, I guess bitcoin would have boomed into multi billions circulating industry by this time. So, there would be no surprises of achieving these big success in very quicker time span too.
The site you included covers most of the reasons. You can stay anonymous. You do not have to verify your ID or give any kind of information (except for some sites you do have to just for security purpose). You can deposit instantly with no waiting time. You don't have to deal with any government issue or pay them anything. It's fast and very easy to get started.
No, it is not so successful yet. Remember crypto is not yet fully adopted and we are just a small chunk of the population. The good thing on bitcoin gambling is it is decentralized and most of the sites are using provable fair system which is revolutionary and way too better than those more popular fiat based gambling companies.
Not with the adoption but the usage stats of a certain gambling site.
Just by looking at the amount waigered everyday, new users everyday, average bet per game, highest amount placed, total numbers of bets and the amount etc. you can see that a huge numbers of bitcoin, or in general cryptos, are being used. We can considered that a successful one because of the numbers established which I believe is true and accurate. A popular and big gambling site will not ruined their name for fake stats in the first place.
i will focus for anonimity and there are a lot of gambling games that can do with bitcoin. and without rules about how minimum old people can do gambling with bitcoin i think a lot of teenagers play it
No, it is not so successful yet. Remember crypto is not yet fully adopted and we are just a small chunk of the population. The good thing on bitcoin gambling is it is decentralized and most of the sites are using provable fair system which is revolutionary and way too better than those more popular fiat based gambling companies.
Being fully adopted is not the only factor to measure the success of gambling. It is also on the volume of money being wager on online casino by means of gambling. Since 2015, Bitcoin is popular on gambling industry and tons of dollars are being wager daily. In that manner, Bitcoin Gambling become successful in casino industry.
Simple. Bitcoin gambling is a lot safer due to it's anonymity and players are attracted to that. It's also a lot easier to deposit/ withdraw your capital and winnings. I think bitcoin and gambling are made for each other considering the features btc has.
I agree, it made access to gambling very easy and possible even though the country has an illegal stance for gambling. With a simple use of VPN you are legally playing gambling. And there is no way of knowing your location unless you declare it since depost and withdrawal does not require your bank with full name and location in it.
, a bad impact instead a good thing. bitcoin really wild and hard to regulated makes a lot of government angry and worry about that facts. but let's don't forget about the good sides . your personal information secured with bitcoin as you don't have to provide anything to make withdrawal/deposit/create an account. that's make people really love to gamble with bitcoin.
, bitcoin gambling industry are getting more and more popular , get a lot of investor interest , the new site keep popping up day by day due the fact it's promising in term of how the business free from tax ( for some ) sounds like illegal but that's how the bitcoin gambling site work , i guess .... the fee are not as much as when you play on fiat casino too. 
bitcoin gambling is so successful in the world because its tendency of causing violence is reduced since it is done online unlike other vis a vis gambling
No, it is not so successful yet. Remember crypto is not yet fully adopted and we are just a small chunk of the population. The good thing on bitcoin gambling is it is decentralized and most of the sites are using provable fair system which is revolutionary and way too better than those more popular fiat based gambling companies.
Because of the many investors in the market. And the high demand in the market as well. People want to earn more therefore they find another way and that is gambling.
Bitcoins are untraceable which makes them easy for users to gamble as you don't need an ID to buy/sell bitcoins. I can see so many videos and articles about gambling sites like primedice, nitrogen sports, crypto-games, sportsbetting and so on and plus these sites don't require any verification. However, compared to other online gambling sites, most bitcoin gambling sites don't have a huge bankroll and many times they are prone to scammers too.
You got the point it is because they do not need to ask for Identity before you can gamble unlike other gambling casino or real casino that honestly its illegal here in my country that is why can't gamble here in my country that is why i was happy to bring me in bitcoin and found that there is casino like sports betting that you can bet without ID. and other gambling games.. Jump to: