Why Is Bitcoin Gambling Industry So Successful in the World? - page 17.

Oilacris

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

Bitcoin gambling industry booms up because of bitcoin anonymity and the accessibility of making deposits and withdrawals and people do find it very easy and comfortable.Its the start on where bitcoin based gambling sites pops out every now and then when they saw that there are lots of potential players on using their site and also we know that gambling sites would remain profitable as long there are players who are willing to lose up their money. Grin

Stedsm

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Bitcoin got spread like wildfire due to its properties of anonymity as well as fluctuating price which gave boost to its usage when it got introduced to gambling industry as they found profits in adding it to their platforms and they believed in Bitcoins. I wonder how much profits those casinos would have accrued who were in the game from the start?

Ziskinberg

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

Gambling industry has help bitcoin to be more popular, in the past big volume of transactions are coming from gambling activities and it keeps growing now. If you have noticed there are a lot of gambling sites that are operating now, that is because they have seen some great opportunity to make money and they have identified the competition is not that big to serve a big market.

digaran

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Bitcoin has provided the golden opportunity not only for everything in our daily lives but in businesses such as gambling, I think land casinos will start to feel threatened in coming years as online casinos will become more successful and more popular.
After all no one will ever go to a casino where all their games and machines are rigged and programmed.
Only time will bring more and more gamblers towards online casinos accepting Bitcoin and are really provably fair.

hurain

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Quote from: iqlimasyadiqa on May 11, 2017, 12:11:39 AM

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

Bitfcoin is currently very helpful in developing the gambling industry. Because bitcoin is currently almost all online gambling sites are becoming very popular. Ranging from the ease of playing up to make a deposit and also withdraw. As a result of this house casino home becomes more quiet. While gambling websites increasingly have a lot of gambler. This is one of the impacts of technological advances today.

yes most of the people are now playing gambling online and no doubt that bitcoin is their first priority. in fact bitcoin is more convenient for them to use for gambling, as they do not need to convert it in to local currency, as bitcoin has the same value everywhere and is also present everywhere in the world.

Chinesegandalf

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because bitcoin is fast , easy and secure !
nothing cant beat that.

EdenHazard

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Quote from: iluvbitcoins on May 11, 2017, 04:00:04 AM

Quote from: ralle14 on May 11, 2017, 01:33:11 AM

Those reasons from the article are true but now most bitcoin casino charges you for the miner's fees. The fees are also slowly getting expensive due to the network getting busy. The best reason I like from the article is the anonimity because I don't like risking my personal info when I gamble woth bitcoina and the 5th one your bitcoins don't increase but the price of bitcoin is always moving which makes bitcoin gambling so risky.

The fees are extremly low considering the taxes you'd pay on winnings with physical betting.

ahha! that is very true , those people who won huge amount of bitcoin won't get charged any taxes. unlike when you play in the real casino. withdrawal fee also really low compared to fiat online casino , pretty clear with just that one reason poeple prefer to use bitcoin.

there is a lot of benefit and that is why people keep coming to bitcoin casino to gamble.

piloder

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I can't get why article is referring bitcoin as infinite in volume under number 6.

Quote

6. Infinite
Bitcoin is infinite in volume.

Bitcoin have limited supply/volume so i don't think this make any sense.

ubercool

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Because of two reasons, Anonymity and restrictions. Lots of countries pose very high restrictions on gambling and people are addicted to it so they will convert their fiat to BTC and gamble in BTC. Anonymous transactions are another feature why BTC is major in gambling industry.

icecube45

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Quote from: serjent05 on May 11, 2017, 06:19:38 AM

Bitcoin gambling is popular because gambling is already popular itself coupled with anonymity where one's identity is kept hidden. This is one of the reason why Bitcoin gambling Industry is so successful in the world. Aside from that, it enables minors to play adding more customers and players to gambling industry accross the globe.

Agree with you. Gambling with bitcoin is very popular because it is anonymous. It will make it easier for everyone to gamble. If previously gambling online using a credit card there must be an age limit so not all ages can gamble, whereas with bitcoin all ages can gamble because it has no age limit. Also because gambling with bitcoin is anonymous so people living in countries that prohibit gambling can play gambling safely. That's why bitcoin is successful in the gambling industry, and I agree.

bering

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i have already gamble using other payment method such as webmoney or perfectmoney but with bitcoin i felt comfortable because anonymity always be my main reason and i could not get it from other payment method and maybe that's why bitcoin gambling sites is so popular because bitcoin offering the feature Which is not owned by other currencies

serjent05

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Bitcoin gambling is popular because gambling is already popular itself coupled with anonymity where one's identity is kept hidden. This is one of the reason why Bitcoin gambling Industry is so successful in the world. Aside from that, it enables minors to play adding more customers and players to gambling industry accross the globe.

Jantapw

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

AngelSky

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

Gambling is highly used place in the world as of now on bitcoins. Other than we can find exchanges only. I remember 1 year before There is successful gambling site called luckybtc. It has the huge number of people on the site. I just checked I unable to find it now. As you usage of bitcoin in gambling increases, it seems to be a successful platform in bitcoin as it's involved with the risks. Thanks for the article as well tyz.

jack1111

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Bitcoin opened the door for many countries where Paypal is restricted to join the gambling world, and especially the sports betting, because it made things much easier than using Paypal or other online banks through VPN, betting became simpler, faster, and more anonymous with Bitcoin, and you do not have to worry about freezing your fund.

iluvbitcoins

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Quote from: Bardman on May 11, 2017, 05:24:46 AM

Also because it's very easy to get a few satoshis and start gambling, there are tons of ways unlike normal casinos where you have to deposit money from your credit card or paypal. You can easily just hit a bunch of faucets and start gambling, many casinos offer you pretty much unlimited satoshis to gamble, only a few at a time but still no other casinos do that.

You even have faucets included inside the casinos, so you can start gambling literally for free, you don't have to transfer anything anywhere..

Humanxlemming

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We can play gambling anytime and anywhere if we just have a stable internet connection and the first thing is were anonymous playing gambling no need to give some any requirments before to play. And the important thing is we can play easily gaming using cryptocurrency. I think gambling made succesfull is because of us gambler what if their doesn't? Gamblers that playing in their casino's so definitwly were the reasong why many casino's made succesfull

xuan87

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Anonymity is the first reason why bitcoin gambling is so popular, the second thing is we can gambling using bitcoin from everywhere, and to setup an account is very easy, and there are tons of casino games using bitcoin and can be played from your home and most of the gambling site offered faucet so the gambler can try the site without afraid of losing money, so it is very convenient to gamble using bitcoin

Bardman

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Also because it's very easy to get a few satoshis and start gambling, there are tons of ways unlike normal casinos where you have to deposit money from your credit card or paypal. You can easily just hit a bunch of faucets and start gambling, many casinos offer you pretty much unlimited satoshis to gamble, only a few at a time but still no other casinos do that.

boyptc

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I guess because it was the first way of gambling that doesn't require a lot of identity just for a gambler to be able to play their offered games. And because it is with the use of bitcoin, by just simply depositing, that will be enough for them to have bitcoin flow for their bankroll. As the price is also increasing, for sure most of them will be successful.

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