Topic: Will halving affect gambling sites ? (Read 1725 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
Gambling sites have house which always win if players win or loose.Bitcoin halving will not make them any loss.People still are crazy to make quickly and fastest money without effort.Bitcoin price is not very high that it should have any effect.It Bitcoin's price will reach much higher then too people see value always in fiat which will remain same with difference in conversion ratio.
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 can give a statement if the halving will not give an effect for gambling site because it's only changed on a rate. And all continue as usual but maybe their customer or users will increase because the effect of halving they can get a more profit if they want to exchange their profit on bitcoin form into fiat currency or local money. I sure they will not turn into a scam. 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 ?
In my opinion gambling isn't that kind of websites (websites that promise 2x or 3x on 24hours or 101 hours are scam and don't need halving to disappear, they disappear when they have its target of bitcoins stolen).
From my point of view there is no reason why halving will get affect on gambling because they house edge to make profit there than we don't need to be worry about it, only cloud mining sites have some risk there so that gambling will be running smoothly after this.
From my opinion, it will not affect Gambling sites or any other site, But will defenitly affect the cloud-mining.
As their reward will be halved, they will not be able to cover up the prices they spent on miners.
It is directly 50% loss for miners.
~Dr.Famous~
As their reward will be halved, they will not be able to cover up the prices they spent on miners.
It is directly 50% loss for miners.
~Dr.Famous~
I have my opinion by saying that halving of block will have very good impact on gambling sites business.There are many people still having Bitcoins bought or won on old prices.The more price reaches higher the more it will be good for sites owners.People always have eyes on the reward/winning amount when they start to gamble on any place.It will effect gambling sites but in positive mode not in bad way.
I also think block halving would not leave any negative impact on gambling site because some gambling sites are doing very honest job and providing legit services, when they already making a lot of profit than why should they will run with gamblers money and i am pretty sure they will continue with the same way.
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?This might happen if you are already using some shady site, but I seriously doubt that any of the reputable well known sites would do something like this. They are in it for the long haul, they are already designed to make them money. They would make a lot more money in the long run if they continue running honestly rather than running off with chump change.
I agree. To build up a good reputation is not an easy thing to do. Now they did it and that's why they are making money with their sites. If they want to stop what they are doing and "run away" with money they can just sell their sites instead of robbing people who have trusted them.
No,halving should not have any negative affect over gambling industry as the ratio of winning in value remain same.Bitcoin has reached to new floor in comparison where it was few weeks ago.Bitcoin is of ease and to ensure maximum privacy with access to more games.It will keep dominating the online gambling industry regardless of the prices.
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?This might happen if you are already using some shady site, but I seriously doubt that any of the reputable well known sites would do something like this. They are in it for the long haul, they are already designed to make them money. They would make a lot more money in the long run if they continue running honestly rather than running off with chump change.
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 ?
they may not turn into scam but they will take a big hit if the bitcoin price goes higher.
because just as they reduce the payment for their signature campaign , users will also make smaller bets and many will even quit gambling because their earning is reduced too.
I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
It will affected to bitcoin gambling world, but nor directly. With the halving day coming and push the bitcoin price it can make more businessman interested to build a new casino.
And sure they build a casino to earn bitcoin that increases during and after halving day.
People will keep betting 1mbtc instead decreased to 0.8 mbtc right?
And it is gonna be casino advantage in that gaps, if you think to it and have money enough to build a casino you will do it , it is an opportunity.
But, don't forget that the player also could earn more profit if they win.
halving is going to affect gambling site, when bitcoin price is high people who play gamble for fun is going to think twice before gambling using bitcoin, and then the stake of the gambling is going to be high because normally we used fiat as a comparison in bitcoin
I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
It will affected to bitcoin gambling world, but nor directly. With the halving day coming and push the bitcoin price it can make more businessman interested to build a new casino.
And sure they build a casino to earn bitcoin that increases during and after halving day.
People will keep betting 1mbtc instead decreased to 0.8 mbtc right?
And it is gonna be casino advantage in that gaps, if you think to it and have money enough to build a casino you will do it , it is an opportunity.
The only way I could see it affecting them is lowering the chip amount. So let's say BTC hits $5k they might make 1 chip .0001 BTC instead of .001 to off set the cost to the gambler.
Other than that I can't think of anything that also wouldn't affect everyother site.
Other than that I can't think of anything that also wouldn't affect everyother site.
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 think this is the wrong idea
gambling site owners benefit every day so what is their reason for scam ?They will continue to benefit every day if they commit fraud means that they miss the opportunity to earn greater profits in the future
Now I ask you:
What your options get $ 100,000 now or $ 10 per day
Well that's what I mean bitcoin will continue to be used to pay the player wins I'm sure the site owners benefit every day
unless a new site is being held promotions the majority of them will lose money in the beginning and it was a natural thing
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 think this is the wrong idea
gambling site owners benefit every day so what is their reason for scam ?They will continue to benefit every day if they commit fraud means that they miss the opportunity to earn greater profits in the future
Now I ask you:
What your options get $ 100,000 now or $ 10 per day
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?If a gambling site is legitimate I believe they will settle for a long time profit and not a one time money scheme.
I think people gamble less amount of btc since the same btc they had from before is of a higher amount right now. But the dollar value for the gambling sites will remain the same. Once however the price goes down again post-halving, then the small losses on value will be realized.
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 think this is the wrong idea
gambling site owners benefit every day so what is their reason for scam ?They will continue to benefit every day if they commit fraud means that they miss the opportunity to earn greater profits in the future
Now I ask you:
What your options get $ 100,000 now or $ 10 per day
I think there will be no significant effect on gambling. but maybe if the effect on the price increase is very high. it will give effect to the gambling players, who might try to get more money from gambling in quick time when prices are so high.
I think it not directly affected gambling site
but if bitcoin price goes up, people who bet $1 will reduce the amount of bitcoin that he gamble so if the gambler lose, house still get $1 but in bitcoin amount it reduced
but if bitcoin price goes up, people who bet $1 will reduce the amount of bitcoin that he gamble so if the gambler lose, house still get $1 but in bitcoin amount it reduced
I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
It will affected to bitcoin gambling world, but nor directly. With the halving day coming and push the bitcoin price it can make more businessman interested to build a new casino.
And sure they build a casino to earn bitcoin that increases during and after halving day.
I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
It will affected to bitcoin gambling world, but nor directly. With the halving day coming and push the bitcoin price it can make more businessman interested to build a new casino.
And sure they build a casino to earn bitcoin that increases during and after halving day.
If halving coming , it doesn't take any effect for gambling.
You can still play gambling for normal , maybe the advantages is coming cuz the rate is higher than before . So if you win , the rate will be higher than before halving.
You can still play gambling for normal , maybe the advantages is coming cuz the rate is higher than before . So if you win , the rate will be higher than before halving.
no halving can affect gamblers so even the price goes up and down gambling site will still rises as long as the gamblers still playing no affect for me mate.
No matter where this halving ends whether the price goes up or down, bitcoin businesses still goes on. they just have to adjust money pot and some stakes.
Same thing as we'd still be playing the dice and roulette.
no one would turned scam if btc goes up though.
Same thing as we'd still be playing the dice and roulette.
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 ?
no one would turned scam if btc goes up though.
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 ?
your subject is a wrong question because "halving itself" has no effect on gambling sites. but the price is a different story and it has nothing to do with bitcoin halving. it would fall under speculation category.
but to answer your main question I have to say that "price of bitcoin" will not have so much effect on gambling sites because when price goes down people make smaller bets so the sites earning in BTC will be lower but it is still the same amount of earning in $$ so in the end there is no change.
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 ?
do you really mean gambling sites or HYIP/PONZI sites that promise fix returns to investors? those things are different tho. i don't think gambling sites will run with their players money coz they will profit more in the long run
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 ?
What do you mean 2x and 3x returns ? Also why would the halving of bitcoin in the blockchain effect casino gamblers ? They will still gamble the same amount.
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 ?
What do you mean 2x and 3x returns ? Also why would the halving of bitcoin in the blockchain effect casino gamblers ? They will still gamble the same amount.
There is no gambling sites that offer 2x/3x returns, so I think he is referring to ponzi doubler sites which are completely scam from start no matter there is halving or not.
I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
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 ?
What do you mean 2x and 3x returns ? Also why would the halving of bitcoin in the blockchain effect casino gamblers ? They will still gamble the same amount.
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?This might happen if you are already using some shady site, but I seriously doubt that any of the reputable well known sites would do something like this. They are in it for the long haul, they are already designed to make them money. They would make a lot more money in the long run if they continue running honestly rather than running off with chump change.
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?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?
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 ?
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