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Topic: Why Is Bitcoin Gambling Industry So Successful in the World? - page 8. (Read 5557 times)

legendary
Activity: 1470
Merit: 1002
Gambling industry is a huge market in itself but there are a lot of barrels and regulations so it is not easy to enter the market and have a piece of the pie. On the other hand, btc casino can easily get into the market and profit off from it easily and people are also free to gamble without much restriction. That is why the btc casino industry is growing at a rapid pace and more and more btc casinos are appearing.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
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.
Bitcoin made gambling very accessible with the palm of your hands. Sports Betting would be really fun knowing that you are going to watch it live and see that you can go with it during the games. The gambling industry has become a big impact on the bitcoin economy because it's one of the things that you could earn from.

That's correct, a lot of people are looking to earn from bitcoin on this forum and gambling is also one of the easy ways they could earn from especially the newbies and those lower in rank and so they all strive to gamble for more bitcoins in their wallet that's the reason it is proving to be successful.

Sure, bitcoin has a credit to give the popularity of online gambling sites. Bitcoin make the way to play gambling easily. Also it is correct now a days, online gambling industry get popularity. Owners of gambling sites introduce bitcoin online gambling as a business, but we play it because we want to earn bitcoin. So we both have a choice to earn money from bitcoin.
I agree with you on that considering that you need to be physically there if you are in a casino compared to gambling sites that accept bitcoin, you are safe in your home. You could dress whatever you like. It depends on how you act when you are in gambling mode or something. It's what matters in the long run, that you make your own destiny in the outcome.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
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.
Bitcoin made gambling very accessible with the palm of your hands. Sports Betting would be really fun knowing that you are going to watch it live and see that you can go with it during the games. The gambling industry has become a big impact on the bitcoin economy because it's one of the things that you could earn from.

That's correct, a lot of people are looking to earn from bitcoin on this forum and gambling is also one of the easy ways they could earn from especially the newbies and those lower in rank and so they all strive to gamble for more bitcoins in their wallet that's the reason it is proving to be successful.

Sure, bitcoin has a credit to give the popularity of online gambling sites. Bitcoin make the way to play gambling easily. Also it is correct now a days, online gambling industry get popularity. Owners of gambling sites introduce bitcoin online gambling as a business, but we play it because we want to earn bitcoin. So we both have a choice to earn money from bitcoin.
sr. member
Activity: 812
Merit: 251
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.
Bitcoin made gambling very accessible with the palm of your hands. Sports Betting would be really fun knowing that you are going to watch it live and see that you can go with it during the games. The gambling industry has become a big impact on the bitcoin economy because it's one of the things that you could earn from.

That's correct, a lot of people are looking to earn from bitcoin on this forum and gambling is also one of the easy ways they could earn from especially the newbies and those lower in rank and so they all strive to gamble for more bitcoins in their wallet that's the reason it is proving to be successful.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
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.
Bitcoin made gambling very accessible with the palm of your hands. Sports Betting would be really fun knowing that you are going to watch it live and see that you can go with it during the games. The gambling industry has become a big impact on the bitcoin economy because it's one of the things that you could earn from.
sr. member
Activity: 686
Merit: 253
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.
sr. member
Activity: 756
Merit: 253
most people play gambling because for the purpose of seeking pleasure. that is what makes gambling game industry today is growing rapidly. one factor is bitcoin, many people today admit that bitcoin has given them the ease of withdrawing and depositing on the casino website. this is what distinguishes between online gambling and conventional gambling, perhaps almost most of today's gamblers have left conventional gambling like casinos.
I think the desire to gambling brings the attention of people to bitcoin gambling industry who somehow can’t manage to enter to a land based casino. People who feel it shame for them to go to casino where they can gamble they chose an easy way to surf bitcoin gambling where they can hide their identity and fulfil the need of greed. Greed is the basic element and the desire to win easy and instant money compels you to become a gambler. Looking at the life of gamblers one can easily judge them with their greedy nature. To hide the greedy nature from the rest of the world they go for bitcoin gambling.


one thing i've observed is that all bitcoin and crypto-currency gambling websites offers higher odds than their fiat counterparts and that coupled with the convenience of sitting behind your own computer and not a gambling house makes a lot of people crave   for the crypto-gambling and hence it's success globally.
sr. member
Activity: 378
Merit: 250
most people play gambling because for the purpose of seeking pleasure. that is what makes gambling game industry today is growing rapidly. one factor is bitcoin, many people today admit that bitcoin has given them the ease of withdrawing and depositing on the casino website. this is what distinguishes between online gambling and conventional gambling, perhaps almost most of today's gamblers have left conventional gambling like casinos.
I think the desire to gambling brings the attention of people to bitcoin gambling industry who somehow can’t manage to enter to a land based casino. People who feel it shame for them to go to casino where they can gamble they chose an easy way to surf bitcoin gambling where they can hide their identity and fulfil the need of greed. Greed is the basic element and the desire to win easy and instant money compels you to become a gambler. Looking at the life of gamblers one can easily judge them with their greedy nature. To hide the greedy nature from the rest of the world they go for bitcoin gambling.
hero member
Activity: 588
Merit: 500

I think it's because many gamblers do not have access or gambling facilities, especially gamblers who come from countries that ban gambling. The existence of gambling in bitcoin gives access and facilities for them to gamble and gamble in bitcoin still be able to cover their profile, their identity can be kept safe in bitcoin gambling. So maybe gambling in bitcoin is more effective for them.

Yes I believe that it in some cases bitcoin gambling could have gained popularity in the places where there is no legal right for gambling. But there are several other reasons for bitcoin gambling as well like online casinos don’t ask for Id to prove it that you are not underage and I see this as a main reason for the popularity of online bitcoin based gambling industry. Plenty of underage people are involved in gambling online. The other reason is gamblers in remote areas use online gambling to satisfy their need of gambling.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform

I think it's because many gamblers do not have access or gambling facilities, especially gamblers who come from countries that ban gambling. The existence of gambling in bitcoin gives access and facilities for them to gamble and gamble in bitcoin still be able to cover their profile, their identity can be kept safe in bitcoin gambling. So maybe gambling in bitcoin is more effective for them.

i'm the one who live in the country which banning gambling and all of related of it but since i know bitcoin i could gamble although not regularly and my friends also had same thing just like me and untill now i never had any problem regarding my activities so bitcoin can do what can not be done by other currencies and i think the growth of bitcoin will accelerate because people lately considering gambling use bitcoin is more easy than other currencies
 
legendary
Activity: 1288
Merit: 1043
:^)
It is anonymous. That is the main reason for it to become so popular.
that's one part of it, but i think it has more to do with how easily accessible and quick it can be. with bitcoin gambling, all you need to do is create an account on the site,and send coins. wait for however long confirmations they require, and you're set to start playing. compare that to a real life casino, which requires to go to the physical location, which might just be all the deterrent needed for a person. even with regulated online casinos that play with fiat money, there are usually checks set in place that require one to verify their identity with documents in order to prove that they are of the legal age to gamble. a bitcoin casino eliminates all that hassle, and one can begin playing in a matter of minutes. in today's world, convenience is one of the largest selling points, and i think bitcoin casinos, intended or not, capitalize off of that immensely.
full member
Activity: 294
Merit: 161
It's 'successful' due to the fact that underage people can play to their hearts delight since BTC is anonymous, hence the so-called success of it.
sr. member
Activity: 777
Merit: 251
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.

This is probably right, most of the successful gambling site was connected in online compared to home based land gambling. And bitcoin can only be used for online games nothings else in terms of doing gamble.
full member
Activity: 1442
Merit: 116
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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.
hero member
Activity: 756
Merit: 500
The first 2 are the biggest reasons why Bitcoin or Cryptocurrency gambling is so popular in the world. There are thousands of people who like to gamble but hesitate because of that fact that they might get targeted if found out one have so much money, or some people maybe don't want people around him to know that he is gambling, and Cryptocurrency gambling platforms provide you with all these facilities which people have been looking for. So no doubt why Bitcoin or Crypto gambling has touched the sky in such a short period of time.
hero member
Activity: 1316
Merit: 502
most people play gambling because for the purpose of seeking pleasure. that is what makes gambling game industry today is growing rapidly. one factor is bitcoin, many people today admit that bitcoin has given them the ease of withdrawing and depositing on the casino website. this is what distinguishes between online gambling and conventional gambling, perhaps almost most of today's gamblers have left conventional gambling like casinos.
Well, fun is only a part, the rest is that many people want to find their luck in gambling, they want to become rich after a few clicks, they are really lazy people and their fate depends on gambling, in their thoughts, gambling is the only way to change their future. So the gambling industry is very developed, they hit on greed and laziness, lack of thinking of many people, and bitcoin is a tool that helps many people gamble online more easily because the value of bitcoin, bitcoin is anonymity, we can gamble everywhere with bitcoin and not be afraid of being watched by police, this is fun for people in countries that prohibit gambling
hero member
Activity: 896
Merit: 514
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.
legendary
Activity: 1162
Merit: 1000
most people play gambling because for the purpose of seeking pleasure. that is what makes gambling game industry today is growing rapidly. one factor is bitcoin, many people today admit that bitcoin has given them the ease of withdrawing and depositing on the casino website. this is what distinguishes between online gambling and conventional gambling, perhaps almost most of today's gamblers have left conventional gambling like casinos.
Pab
legendary
Activity: 1862
Merit: 1012
It is succesfoul becouse bitcoin casinos are not asking for id documments.
Any kid teenager can gamble on bitcoin casinos
Not possible on fiat money casinos
But if you think bitcoin gambling compare to fiat money gambling is so succesfoul you are wrong
Fiat money gambling is incredible huge,btc is just small fish in the ocean.
full member
Activity: 812
Merit: 142
I think it has to do with the anonymity and the fact that it doesn't 'feel' like gambling with money that makes it so popular.

The primary reason for the gambling to be successful is due to the never ending greed of persons who think that gambling is where they can get huge money and forgetting that the site/casinos exists to make money for themselves and not to make their participants rich. Only if you go for enjoyment and lose then its fine else people will get addictive and lose out huge chunk of money and make the gambling owner more rich.
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