Topic: Will halving affect gambling sites ? (Read 1739 times)
I don't think so as gambling sites already have a said bankroll and they always adjust their prize money or bonus amount depending on the bitcoin price. If after halving we see a drop, the gambling sites too may adjust their min bet amount or max bet amount accordingly.
Yes I also think the same, As we can see most of the bitcoin
site uses bitcoin rather than USD(mostly who advertises in this forum). They will not have any loss if bitcoin price increases
or decreases.
site uses bitcoin rather than USD(mostly who advertises in this forum). They will not have any loss if bitcoin price increases
or decreases.
How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
Halving does not directly affects someone or anyone besides the miners. Why would it affect the gambling sites which offers big winnings?I don't know...It really depends on how the gambling sites are managing their wallets and players money....If the price of bitcoin increases significantly after halving, the site is not 100 % liquid, and there's a run on the site bank, then it is possible that some sites may go bankrupt. Something like this happened with Fulltilt when there was a run on the bank after the UIEGA seizures because Fulltilt was not 100% liquid.
Just want to let people know that Moneypot has all its holdings in Bitcoin, so the trading price of it has no effect on the funds.
Nice. That is the wisest choice. I wonder how many other sites are actually in the position to remain liquid at this point. Many take their lessons from institutions like the Federal Reserve and use deposits to leverage withdrawals and only keep a small percentage of their exchange liquid.
Anyway, you brought up an important point there. Hopefully, the other sites aren't taking risks either, but I am pretty confident that they may not be 100% liquid....that's not normal practice for these places.
Gambling sites will run as normal till now no one can speculate how the price of bitcoin will act lets wait and see ?
Yeah but for some people that those who care about the price they are are still relaying for the price of bitcoin while they are playing so that they know how much they can lose daily.. they have i think set minimum for gamble. they are not losing it all right now because of the event.
Gambling sites will run as normal till now no one can speculate how the price of bitcoin will act lets wait and see ?
I don't know...It really depends on how the gambling sites are managing their wallets and players money....If the price of bitcoin increases significantly after halving, the site is not 100 % liquid, and there's a run on the site bank, then it is possible that some sites may go bankrupt. Something like this happened with Fulltilt when there was a run on the bank after the UIEGA seizures because Fulltilt was not 100% liquid.
Just want to let people know that Moneypot has all its holdings in Bitcoin, so the trading price of it has no effect on the funds.
I don't know...It really depends on how the gambling sites are managing their wallets and players money....If the price of bitcoin increases significantly after halving, the site is not 100 % liquid, and there's a run on the site bank, then it is possible that some sites may go bankrupt. Something like this happened with Fulltilt when there was a run on the bank after the UIEGA seizures because Fulltilt was not 100% liquid.
I don't see how could the halving affects the gambling sites a part from the ones that have a mining activities which I am not aware of it
Since the users deposit their money in bitcoin then there will be a no effect for them
Since the users deposit their money in bitcoin then there will be a no effect for them
I do not think it will effect them...i see no conncection of halving with gambling sites...there are users deposit and withdraw bitcoins..they dont give bitcoins of their own..so there is no way it can affect them
I guess not, people who gamble may not be too concerned about that, the better they are having fun, but when it successfully won many bitcoin, it probably would be a bonus. Well that's what I feel
How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
There will be less bitcoin coming into the market, the prices will rise and the betting sites should be fine. If the price doesn't rise its not so good but then thats always been the case with bitcoin.
How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
There will be less bitcoin coming into the market, the prices will rise and the betting sites should be fine. If the price doesn't rise its not so good but then thats always been the case with bitcoin.
How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
Actually price will commonly go up after halving,
So I think if the site or gambling site is not that legit or still have it's maker anonymous, then there are still a high chance that it will turn to be a scam, but for those sites who are reputable ow, then I think they will endure the upcoming halving, and will develop a plan to regain their losses if ever they lose more than what they should have.
How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
I am not seeing any effect to bitcoin only gambling sites as they don't deal with fiat so all the profits and loss they have to handle is in only terms of bitcoin. I will say if price get up after halving than whatever they used to earn per day will be increased in terms of fiat making them more stronger.
A few interesting replies here.
In my opinion, I believe the time leading up to and shortly after the halving will result in less gambling during this period.
I think that there will be a few gamblers that might want to see how the halving plays out and may opt to have their bitcoin accessible if the price rises to an amount that they think is over valued.
On the other hand, the halving itself may bring new exposure to bitcoin and attract new players as gambling with bitcoin is much easier and faster than conventional gambling with real currencies.
All in all, I think the halving will definitely have some type of effect on gambling sites. As to how exactly is anyone's educated guess.
In my opinion, I believe the time leading up to and shortly after the halving will result in less gambling during this period.
I think that there will be a few gamblers that might want to see how the halving plays out and may opt to have their bitcoin accessible if the price rises to an amount that they think is over valued.
On the other hand, the halving itself may bring new exposure to bitcoin and attract new players as gambling with bitcoin is much easier and faster than conventional gambling with real currencies.
All in all, I think the halving will definitely have some type of effect on gambling sites. As to how exactly is anyone's educated guess.
My understanding is straight that first of all halving will not increase price of bitcoin more than 800-900$ per BTC.Halving just make us sure that mining will be profitable if price remains above 385 $.I do not exclude another pump but this will not affect gambling business.People will keep playing continuously.
Actually halving would not impact on gambling sites because people don't care about the prices, casinos making very good profit and bitcoin is getting more popular payment processor for gambling so that i am quite it is not important for any gambling and all casino will remain online and running their business after halving too.
How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
Not really since most of gambling sites we have is using bitcoin currency to bet and will just affect the gambling sites if they decided to use USD as their form of betting but that will not happen since they are supporting bitcoin.
we are pretty near into the halving and might be the prices more increase than the current prices but i guess the gamblers would not care about the halving and even the prices will so high i think they will still gambling as usual and gambling online still will be visited by a lot of active players
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