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Topic: Why Is Bitcoin Gambling Industry So Successful in the World? - page 7. (Read 5536 times)

legendary
Activity: 1652
Merit: 1057
Anonymity is the major reason why many prefer Bitcoin. Maintaining it in the e-Wallet is completely anonymous. For instance, depositing and withdrawing through Bitcoin eWallet is anonymous on its own, but in a really great Bitcoin casino, the process of signing up also is completely anonymous. Sites with features like these are the ones that attract many players. Cause gambling is still illegal at some countries, so this is the best feature to free gambling.
I am not sure why people want to stay anonymous while gambling. It is safe to stay low profile but honestly, not a lot of people are interested in guys like me. They won't even care if I roam around openly. Therefore, it is better to keep the bitcoin in wallets and wait for the price increments. Bitcoin is the future currency and it will be the most expensive asset also so I suggest not risking it in any way.
hero member
Activity: 756
Merit: 505
Easy. Casinos never lose! In the long run casinos will always win over the gamlbers and we can do anything about it since casinos have a level of house edge every time.
This house edge may be a small percentage, but it is actually a lot in the long run. Another factor is that since casinos employ different gimmicks to attract users that is why a lot of people starts playing casinos.
member
Activity: 82
Merit: 10
Well, I think bitcoin is enough to sustain the needs every individual who are interested on it, Although we know that it is gambling meaning competition among others, Probably government accepted and give permission to work on gambling. Basically it is more profit than the other work, through the help of internet connection you were able to joined in any signature campaign in order to have salary...
hero member
Activity: 1190
Merit: 525
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I think gambling thru bitcoin has been successful in the world since it is an easier way to earn more money. Since in bitcoin there are various activities that can be done, earning money will be simple if you have the hard work and persistency on the campaigns that you wilbe joining. Since it is easier and much less work than the usual work spending it on the same site is not as hard as the actual gambling casinos. Also i think the bigger factor why it is a success is because bitcoin is just a form of internet currency where has not much value to you unless you already have it encashed.

Bitcoin gambling is successful maybe because it seems an easy way to earn more money... Truly it's just an illusion. But I agree people can make profit on casinos by being active, joining the giveaways, receiving tips from the whales (people who are active on the chat), completing tasks for casino owners... But who moves this industry are the big players who play high, and I think many of them like Bitcoin gambling industry because they can't gamble on their countries or because they are too lazy to left their homes to go to land based casino.  Cheesy
hero member
Activity: 2520
Merit: 568
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Because you gonna be always loser,that's the plan,the plan of casinos
That's not their only plan of letting their gamblers lose all the time. There are some strategies that they let someone win with big amount so that he will attract other gamblers to play on that casino. And once he brought up many gamblers that will be the recovery time for the casino's by always taking the favor for those gambling games they manage that's why I only play with those games that are provably fair.
brand new
Activity: 0
Merit: 0
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
Because you gonna be always loser,that's the plan,the plan of casinos
sr. member
Activity: 854
Merit: 257
I think gambling thru bitcoin has been successful in the world since it is an easier way to earn more money. Since in bitcoin there are various activities that can be done, earning money will be simple if you have the hard work and persistency on the campaigns that you wilbe joining. Since it is easier and much less work than the usual work spending it on the same site is not as hard as the actual gambling casinos. Also i think the bigger factor why it is a success is because bitcoin is just a form of internet currency where has not much value to you unless you already have it encashed.
hero member
Activity: 2926
Merit: 636
I think some of the country considered that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. That's why bitcoin gambling so successful in the world.
It's not by country but an individual decision, bitcoin gambling does not require KYC so it's very convenient and safe to gamble and with this kind of platform it can attract gamblers at any age, even the minors. Gambling with Bitcoin is more like trusting the site where you are risking your money and it works like a charm since they are really trust worthy as they are building their reputation so they would not scam their customers.
In fact, the competition is getting bigger in crypto as more capitalist are shifting into bitcoin gambling.
hero member
Activity: 3024
Merit: 745
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I think some of the country considered that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. That's why bitcoin gambling so successful in the world.

No, they don't think it's a way to earn bitcoin for their citizens. There's no even country that support bitcoin gambling and has a license to the government because it's prohibited. The gov't doesn't only recognize bitcoin as a currency as of now that's why many gamblers are shifting to bitcoin and instead of visiting a casino they would love to stay at home and gamble all day long tax free.
full member
Activity: 406
Merit: 156
Bitcoin gambling has succeeded to enter the world of gambling and compete with the biggest and  most famous gambling websites due to the advantages it provides to it's users , such as full anonymity and instant cash-shouts/withdraws/money deposits . It also doesn't require any kinds of paper verification and has a big variety to categories that you can bet on .
full member
Activity: 434
Merit: 105
I think some of the country considered that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. That's why bitcoin gambling so successful in the world.
hero member
Activity: 2170
Merit: 528
Bitcoin has become popular for paying gambling because it allows you to remain anonymous and very easy to use. I can play with it on sites that are banned in my country.

If you think so you should really refresh your knowledge about Bitcoin. Bitcoin is not anonymous. It can be tracked with ease since all transactions are visible. The only way to stay anonymous is to buy your coins with cash, because even mixers aren't 100% safe.
If you're using Bitcoin gambling to stay anonymous you are better off with cash.
legendary
Activity: 2982
Merit: 1280
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The main reason why Bitcoin Gambling Industry is successful in the world  is the ability to play Onling games without revealing our self nor connecting our bank accounts to these sites.  Since Bitcoin can be transacted without any needs for banks.  Aside from that, entertain plus activities without any bank intervention is great Smiley
hero member
Activity: 2352
Merit: 905
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Anonymity is the major reason why many prefer Bitcoin. Maintaining it in the e-Wallet is completely anonymous. For instance, depositing and withdrawing through Bitcoin eWallet is anonymous on its own, but in a really great Bitcoin casino, the process of signing up also is completely anonymous. Sites with features like these are the ones that attract many players. Cause gambling is still illegal at some countries, so this is the best feature to free gambling.
Maybe it sounds funny but I think game Dice is the reason of why bitcoin gambling become popular, I haven't seen any dice which uses usd for playing. I think anonimity don't plays important role because gambler don't has to hide anything and also in most countries gambling is absolutely legal. Bitcoin gambling is easy and you can withdraw money at any time you want and any amount that doesn't exceed number of bitcoins available in hot wallet (that's usually higher than 10 btc). So no need to waste time in verification, no need to wait for payment confirmation from casino and etc.
full member
Activity: 126
Merit: 100
Anonymity is the major reason why many prefer Bitcoin. Maintaining it in the e-Wallet is completely anonymous. For instance, depositing and withdrawing through Bitcoin eWallet is anonymous on its own, but in a really great Bitcoin casino, the process of signing up also is completely anonymous. Sites with features like these are the ones that attract many players. Cause gambling is still illegal at some countries, so this is the best feature to free gambling.
hero member
Activity: 896
Merit: 514
Bitcoin based gambling industry becoming very popular, as many gamblers don't want go to casino or be known others that they want to gamble. Anonymous bitcoins make gamblers feel safe and privacy awake, unlike conventional gambling.
It is very pleased to see that even there are some people who believe bitcoin as an act of shame so that they don’t want to go to casinos to kill themselves.

But as you said that bitcoin gambling is amazingly increasing and there are more people indulging in it due to it anonymous behavior. Bitcoin have many amazing features except this one, it makes me sad.

Why does it make you sad? Gambling is not something that forced you to deposit money intto casinos or sports books. SOme people are really looking for a way to gamble, and through bitcoins they were able to scratch that itch for gambling. Indeed it may be a waste of money for you, but likely those people itching o gamble would be able to find some other way of gambling even without bitcoins.
hero member
Activity: 854
Merit: 501
Bitcoin based gambling industry becoming very popular, as many gamblers don't want go to casino or be known others that they want to gamble. Anonymous bitcoins make gamblers feel safe and privacy awake, unlike conventional gambling.
It is very pleased to see that even there are some people who believe bitcoin as an act of shame so that they don’t want to go to casinos to kill themselves.

But as you said that bitcoin gambling is amazingly increasing and there are more people indulging in it due to it anonymous behavior. Bitcoin have many amazing features except this one, it makes me sad.
sr. member
Activity: 658
Merit: 251
VIMee - Social Network
Well people feel comfortable placing bets at home and watching their favorite teams play(i.e. Sports bettors) and so we have fully embraced Bitcoin and other cryptocurrencies in the betting world because it brings us that ease of accessibility and privacy.

Yes, Gambling exchanges are allowing people to play gambling by sitting in front of the computer. Many people are now a days feel shy to gambling casino but now when online Casino and gambling makes them to play with fiat and as well as with Bitcoin.
legendary
Activity: 938
Merit: 1002
It's really successful because there are people that get addicted to it and lose a lot of money in the casinos. The casinos do not care about your well fare! Remember the fun fact that "there are no clocks in casinos." That was intended to keep people in and so that they do not look at the clock and leave. That's just how they are playing the people.
First of all, gambling is played by millions from all around the world. Gamblers have variety of purpose for playing this game. Some want to have fun while others want to make easy money. The second type is more vulnerable to addiction and destruction. These are the ones who are stolen. Of course, casinos don't care about its customer’s survival. If they will start doing this, there business will be finished.
full member
Activity: 238
Merit: 100
Bitcoin has become popular for paying gambling because it allows you to remain anonymous and very easy to use. I can play with it on sites that are banned in my country.
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