Topic: Why Is Bitcoin Gambling Industry So Successful in the World? - page 3. (Read 5536 times)
I don't know how sound the arguments are in the article posted by the OP because a few of the premises are invalid. For example, there are fees associated with bitcoin transactions and some of them are relatively significant ---> a few of the other premises can be refuted also. However, there is no doubt that the bitcoin gambling industry is successful, but I think that fact is due more to bitcoins utility as a vehicle to work around regulatory control than anything else.
There are two things that cause someone to play gambling. The first is to seek pleasure and the second is to make gambling an income. Both of these bring a lot of people to actively participate in the gambling game. Also currently playing gambling is easy to do, make a deposit and withdraw be an easy thing. Interesting website gambling variations are also a plus. One of the causes is bitcoin, now with bitcoin it is easier to do gambling game, just a few steps we are ready to play gambling. The development of online gambling today is much faster than casino. Due to the more mobile a person's online gambling becomes a first choice for gamblers.
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.
Right the main benefit of using bitxoin in gambling is anonymity. There are gamblers who don't want their friends or family to know that they are gambling and bitcoin has enable them to do that. Staying anonymous through bitcoin is one of its benefits but of course this can also be a bad thing. Kids that are not supposed to do gambling could learn gambling and play gambling because anonymity can some how hide that they are not at the right age.
I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.
In fact gambling have the magic to attract more and more people and compel them to play gambling again and again, even though they already know the result but stilll they are giving argue to themselves that they can make money from gambling. In fact gambling is such type of game where a person do not require any knowledge or proper education, but one can start it at any stage, and that is the reason that gambling is the most successful industry. 
I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.
we can see that nowadays there a lot of new casino popping up but there also who shut down because of various reason, not successfully yet i think.
They keep shutting down because they can't attract players to their site.
If you have a dice site you should make your faucet the biggest around in the first couple of months.
If you have a poker site you should run at least several freerolls every day with prize pool not less than $10 each.
Otherwise gamblers have no reasons to play on your site.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.
we can see that nowadays there a lot of new casino popping up but there also who shut down because of various reason, not successfully yet i think.
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.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.
Yes, but to be an online casino which accepts Bitcoin is not enough for being a successful one. New BTC accepting casinos have been opening and closing every month. Owners invest money in site development and when it's a good looking and properly operating site they think gamblers should choose it over others. But gamblers don't do that because they simply don't know of the site's existence. For a Bitcoin casino to be successful it should be advertised properly.
I've also heard that most of those online gambling casinos had short gambling operations after being successful for few months. Maybe they did that due to some online players always looked for a new sites which typically give them good offers on every bets online, one example of that is the playing bonus on every game they've been registered of and the reward strikes higher. Those gambling developers can establish new business platform of a new gambling site name, that's why they hit their target and they really became successful because of that; making new good business as part of their system upgrades.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.
Yes, but to be an online casino which accepts Bitcoin is not enough for being a successful one. New BTC accepting casinos have been opening and closing every month. Owners invest money in site development and when it's a good looking and properly operating site they think gamblers should choose it over others. But gamblers don't do that because they simply don't know of the site's existence. For a Bitcoin casino to be successful it should be advertised properly.
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.
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
Especially now bitcoin is very expensive gamblers want to win in the game to collect bitcoin.Everyone is after bitcoin now this is very effective in gambling industry,lt feels very good to win bitcoi now.So maybe all kinds of gambling will bitcoin involve now.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.
I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.
It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.
That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.
The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.
I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.
It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.
That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.
The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.
I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.
It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.
That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.
The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.
It's not so successful but the amount of players are surely increasing every day. The reason behind this is surely the house edge which is max 1% on most of the gambling sites as well as the ease of gambling you need to put some fake details deposit and withdraw with any personal information to be provided
Then i think we should accept that it is successful because you also accept it that everyday players numbers are increasing, also you give us valid reason, in online gambling we could play it even we have no enough money because in it the house edge is very less. In gambling if we want to play but we can't play it because we have no more money, but in online gambling it has solved the problems.
And it is just show how successful bitcoin gambling industry so far , not only the player but the number of gambling provider popping up day by day.
They know the opportunity in this business far more promising than any other business nowadays.
Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.
Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason is it is easy to gamble online by buying bitcoin compared to gambling in real casinos. Jump to: