It may. It may not. But if it happens, I think the one who will benefit the most is UK of course.
Gambling generates huge profits. That is why many gambling sites are popping out of nowhere nowadays.
Topic: Will this boost Bitcoin? (Read 3171 times)
Big booster IMO, if this continues there should be some of the highly established and popular gambling sites and businesses taking bitcoin as one of their currencies, suggesting and encouraging gamblers to learn and get BTC, So indirectly this should boost bitcoins in long-term.
Big booster, but not that big to be significant IMO. Some people gamble using BTC to evade gambling regulations and restrictions on their country/region. Also, others find it easy to cash out winnings using bitcoins rather than cashing out dollars as is because big withdrawals on cash were often questioned really hard due to fraud regulations and whatnot.
When Bitcoin launches, many of developer introduce services as closely relate to gambling or HYPE.
So at first impression it seems bitcoin is just made for gambling and all such related things. But as user start to use it and make believe in it value of bitcoin increase. Main reason is P2p currency.
And after understanding future and features of bitcoin people accept it. And it get spread world wide.
Bitcoin is biggest invention of this century.
So at first impression it seems bitcoin is just made for gambling and all such related things. But as user start to use it and make believe in it value of bitcoin increase. Main reason is P2p currency.
And after understanding future and features of bitcoin people accept it. And it get spread world wide.
Bitcoin is biggest invention of this century.
UK gambling commission banned bitcoin casinos in UK region, if they consider bitcoin is a cash equivalence, so they may unban bitcoin in the future. It will boost bitcoin gambling market.
Are you have a reliable source about UK gambling commission is banning bitcoin from their region?i never heard about that before. 
Big booster IMO, if this continues there should be some of the highly established and popular gambling sites and businesses taking bitcoin as one of their currencies, suggesting and encouraging gamblers to learn and get BTC, So indirectly this should boost bitcoins in long-term.
not boost bitcoin but it will encourage gamblers
you are right, i think there will be way more gamblers because of that but it will mean that more people will be using bitcoins then so it will kinda boost it 
"UK Gambling Commission Views Bitcoin as Cash Equivalent"
https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent
I don't believe in that if you are going to boost your bitcoin then work for it and work hard until your bitcoin wallet grows if you are going to play gambling with your bitcoin for sure theres no guarante on winning in every bet and you could lose in bets and for me the value of bitcoin is depends on dollar.https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent
you have read the first post wrong.
boost bitcoin means make bitcoin more popular or at least that is what OP means not his own amount of bitcoin
it will help in some ways but bitcoin progression still in the process so we are expecting bitcoin to grow more time after time with or without anything like this, we are the one who can help bitcoin price to increase by doing more transaction and give more exposure about it.
I think this will help the development of bitcoin. it's like the official party recognition have acknowledged the existence of bitcoin.
bitcoin increase will happen even though it may not be too big impact.
bitcoin increase will happen even though it may not be too big impact.
UK gambling commission banned bitcoin casinos in UK region, if they consider bitcoin is a cash equivalence, so they may unban bitcoin in the future. It will boost bitcoin gambling market.
not boost bitcoin but it will encourage gamblers
"UK Gambling Commission Views Bitcoin as Cash Equivalent"
https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent
I don't believe in that if you are going to boost your bitcoin then work for it and work hard until your bitcoin wallet grows if you are going to play gambling with your bitcoin for sure theres no guarante on winning in every bet and you could lose in bets and for me the value of bitcoin is depends on dollar. https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent
People may have differing opinions on whether betcoin being associated with gambling is good or bad, but one thing is for certain, and that is that gambling is a significant market in the UK.
http://www.gamblingcommission.gov.uk/Press/2016/Gambling-statistics-paint-picture-of-gambling-in-Great-Britain.aspx
What I've always found curious is that of all the things the UK government taxes, one thing they don't tax is gambling winnings. I assume bitcoins won from gambling won't be taxed either.
http://www.gamblingcommission.gov.uk/Press/2016/Gambling-statistics-paint-picture-of-gambling-in-Great-Britain.aspx
What I've always found curious is that of all the things the UK government taxes, one thing they don't tax is gambling winnings. I assume bitcoins won from gambling won't be taxed either.
I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.
Gambling is what has made bitcoin popular and there is no denying that because if you look at the statistics there are more bitcoin users using it for gambling then there are for the ones who are using it to purchase goods.People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.
If you think about it about 50% of bitcoin use is in the gambling sector.
well relatively speaking.
For the value of Bitcoin to be affected new business's with original ideas must develop. These business also need to be supported by the bitcoin community so they can succeed. I do not believe yet another gambling idea will affect the price of BTC very much.
I think gambling organiser only earn from their algorithm. I have never won a single bitcoin also so it's a Good source of earning. Upto my knowledge I would say that gambling would only benefit its organiser and not the participants many out 1 or 2 out of 100 could make way to make the profit so finally they could earn, I mean organiser.
I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.
Gambling is what has made bitcoin popular and there is no denying that because if you look at the statistics there are more bitcoin users using it for gambling then there are for the ones who are using it to purchase goods.People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.
If you think about it about 50% of bitcoin use is in the gambling sector.
I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.
Gambling is what has made bitcoin popular and there is no denying that because if you look at the statistics there are more bitcoin users using it for gambling then there are for the ones who are using it to purchase goods.People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.
If you think about it about 50% of bitcoin use is in the gambling sector.
Gambling will change nothing but a waste... Buying and selling is cool...and benefit, by boosting btc...
I think it is very possible. We will see in the coming days how much of an effect this has on the economy of bitcoin. For all we know this could raise the price and make people more interested in bitcoin.
of course it is going to make bitcoin bigger, uk is a huge country with a lot of people in it and because of that more people get to know bitcoinsJump to: