Bitcoin Forum

Have you heard about this?

Basically online gambling / casinos for cryptocurrency. Would you ever consider it? Do you think it's completely pointless and just harms the crypto reputation? Thoughts?

Personally I think it's the exact same as gambling with fiat, so I don't really see the point in it.

I don't think most people would be ok with providing their identity, especially for gambling.

Either way, as fun as it might seem to 10x your coins by gambling - I think it'll be more or less pointless. Especially considering the fees, since you can't make big stakes like you said and so on.

Why not just gamble with fiat? Seems more direct, safer, fewer fees, etc.

I think that the gambling of cryptocurrency is simply to avoid the regulation of the law, so there may be more black curtain.
But if blockchain and gambling can be combined, it will make gambling more public.

I can see it being fun, despite all its risks. But then again, will depend on the amount of fees and the legality and so on.

While it sounds always exciting to double your coins by gambling, you have to consider that the vast majority of gamblers loses in the long-term and the casino always wins.
I don't see a big difference between gambling with cryptocurrencies or fiat. Besides anonymity maybe.

All crypto gambling site will scam you in long therm. It say fou what all fair, but you never know how exactly settings maded

That's a good point but then again, investing can also be seen as a form of gambling.

But yeah, if someone wants to waste their money, they can just waste it on casinos. The house always wins.

I do not think too much about the popularity of crypto, gambling platform is always attract investors but because it is too much ico in this field, gambling is not so interesting.

Are you jealous of the creators of online casino games on a platform with cryptocurrency ? This is a great idea among gambling people who love freebies , and they will raise huge amounts of money on this , for which i give them their due . And can someone throw off a couple of links to these games ?

True, but is the stock market gambling too? And when you invest into crypto, there is no "house" that would want to win.

There are many gambling/casino related project here in crypto and there are also running gambling sites that allow crypto as currency used, and i think it is okay to use crypto in sense of gambling because it can provide entertainment and there's no hard in the market so why not? Gambling is fun though

Its a personal choice, and has nothing to do with the reputation of crypto. Gambling is a game of chance with luck and experience as major players, and like someone just mentioned, investing can also be seen as a form of gambling.

"but is the stock market gambling too? "

Well, in a way, yes. ;D In the sense that there's a risk involved and you never know what can happen. But they're still fundamentally different, no one is trying to screw you over in stock market

The house would probably win in crypto gambling though for what it's worth.

now the technology is getting better, as well as with gambling. online gambling with crypto bets will be more attractive than paper money, easier, safer and more effective. there is not wrong if online gambling uses crypto as a bet tool.

Now this is useful for cryptocurrency. For increase popularity. Later, when many people find out about cryptocurrencies, there will be no really see the point.

I wouldnt consider cryptogambling at all,the point is gambling in it self is a game of chance and so no matter what you do,it will always depend on chance.In addition,there can be manipulations to prevent you from winning and thus waste your money. Unfortunately gambling is illegal in some jurisdictions too and so these projects will further just hurt blockchain projects

Crypto gambling is the biggest niche for Bitcoin recreation and gambling ICOs are always on profit.

Just check my signature and the interest on IQeon! Or other gambling ICOs like Firelotto.

Advantage of cryptogambling is that you dont need a permission from authorities , because crypto status is still not confirmed as a eligible currency ... no taxes needed to pay  also ... take a look at gambling tax rate at your location :)

Yes I heard, I even got too interested and joined the bounty! I think in the market that offers people product, it's up to them to gamble or not! I think it's great news for everyone, people who gambles, will have a good choice's of games and easy way to relax, it will be fast and easy to buy cryptocurrency, staying at home and go for your luck! I don't think there is any harm to the crypto reputation, it's up to people whether to gamble or not! For example a city Las Vegas is famous all over the world and from people, who visited that place, never heard bad review about this city and places, they been visisting, only positive thoughts! So it's good you start to hear about gambling/casinos in crypto

Identity is the very best important here in crypto even in some ICO there is big possibilities that they would scam us and use our identities for the purpose of scams. In other words we will being accuse by the fault of the scammers and we were all in to blame.

Gambling is good its a test only to try your luck. But as I observed even in the real world when we play gambling like cards, dice and etc.. Our luck is only at the first and that's the time we are going to be addicted on the game and that is the time we cannot even think our money will just burn in a single period of time.

Exactly, and that's what makes the difference in my opinion. There's no third party that's winning when you are losing.

Of course, it's risky to invest in stocks or crypto but I wouldn't call it gambling.

this is not entirely true, as the gambling industry increases every year significantly. You need to look at some crypto gambling that has great potential in the future

Every markets has gambling,casino features because most of the traders are doing gambling,taking high risk to get high rewards this is the main point of joining gambling websites because you can earn a lot of money in  gambling but you could lose all your money if you dont have risk management when you are gambling,probabilities in gambling would be just the same like in trading.

A gambling that may be a lot of enthusiasts and can enrich themselves in an instant through blockchain technology is a very good breakthrough But if a casino is lonely my visitors think it will hurt investors and have to do disinvestment,
I say that because I've taken part in gambling-based bounty and ultimately no progress.

In each crypto currency there is a risk. Therefore, there are similarities with gambling.

I think there may be many gambling-related projects here in crypto and there are also gambling sites that allow crypto as the currency used, and I think it's okay to use crypto in terms of gambling because it can provide entertainment and not difficult in the market. so why not? Gambling is fun

yes you're right but I personally will not do gambling in the crypto world.
I'm not very good at doing it. better investing in the long run than gambling because of the risk of losing too much.

This makes sense only for the owners of gambling sites. In the best case, it is a waste of time for other people. I saw several such sites. They were faucets and a casino at the same time.

its more convenient for those who held crypto currency to join/participate on some crypto gambling/casino to played. meaning this is not new. except of convenient your privacy are more secure on that and you can spend alot of money that has no limitation. meaning you can do all you want in crypto gambling except of cheating and lending.

Ton of it, allready heard alot. Gambling in cryptocurrency isnt a pointless thing, its just gambling in fiat. And its allready very mainstream, i try bitcoin cause i heard dice game first.

Gambling in fiat and gambling using crypotcurrencies are actually distinct in each other in ways of betting but they have only the same result (WIN or LOSE). Gambling entities and sites are using the blockchain now because cryptocurrencies can be used as bet so you can play anytime, anywhere.

A gambler who often loses in general bets will wipe out his upset by sleeping. When he woke up, he became confused and anxious and started thinking about how to recover his financial finances from losses, maybe it's for beginners.
But Crypto retrieval in this online gambling activity has a very successful effect that demonstrates the enormous potential of utilizing blockchain technology in this sector, for those who have not understood in gambling I think should be avoided.

If Cryptocurrency is gambling so is Forex. But at least you don't lose everything in Crypto like Forex. We always have options to save our investment when market is breaking out.

 I totally agree with your statement that doesn't mean that the gambling industry are all scam maybe some of them yea but not the entire because some gambling industry has really the potential to become one at the future.

Crypto gambling is a business form that wants to attract the gambling lord and gamblers. Business form like crypto gambling couldn't stop which consider as a form of profit or a way of people getting to risk their money. For instant income or instant outcome. Well of furture in crypto.

Crypto gambling is more risky, the moment you gamble there is a risk but since you are using cryptocurrency that the price may go up and down,
it's either you lose or win big time. You should know the risk when you are gambling so you know how to manage your money effectively.

already a lot of crypto gambling sites:

https://etheroll.com
https://cryptoluck.fun
https://www.crypto-games.net/casino/bitcoin

etc.

In the form of smart contracts, everything is transparent, so you *know* for sure you aren't cheated by the house.

Good luck!

i support gambling with crypto because it is very simple to use and not really need to transfer my fiat for deposit money. it is not harms reputation of crypto, don't worry about it because crypto is like fiat, both of it is currency

it depends on the choice of someone, basically gambling can not we determine the profit, but for your own profit we can determine igin profit how many examples we buy at the price of 10k then we will sell at the price 15k then we know we will profit 5k ..
there are some projects crypto themed casino ..

I like crypto gambling idea. And i know a few very nice projects that provides decentralized casino platforms such as edgeless. In some countries online gambling is forbidden by governments, so gambling with cryptomoneys is a good solution for them.

Its not pointless but it depends how you use the crypto, different people have different thoughts, some people thing crypto is genuine and money making sector and invest in this sector. Some are gamble minded people who likes to play gamble for huge gain in very short time. By this crypto gambling all gamblers will meet on one site to play gamble with crypto currency. Some people cant play gamble with fiat currency, and crypto gamble is good for those people to play gamble with Crypto.

I don't agree with you, yes, there are some developers who make crypto for means of games like gambling. nothing damages the reputation of crypto, I think it is just an innovation of various means and ideas on crypto.

Now there are many projects that  are trying to combine everything that they see with the technology of blockchain.  ;D
But in general, blockchain can make gambling more fair, open and safe.Need to try! ;)

Excitement and crypto-currencies are not compatible. To trade with crypto currency, you need to have a cold head and a delicate calculation. If trading you will give in to emotions, then you will simply lose all your money in the end.

you sure they're scam? primedice is almost 5 years now if im not mistaken and there's more trusted gambling sites like crypto-games and bitsler. You just have to choose the trusted sites.

For gamblers that gamble money, it is their advantage so they don't have to  use a credit card that could easily hack and to avoid intermediary banks. It also avoid government regulation and can easily access in just a snap.

Like fiat,cryptocurrencies can now be used to these gambling sites and casinos,there is nothing wrong with that because people have different reasons why they are using cryptocurrencies,like gambling,money laundering,buying illegal drugs etc.It doesnt harm the cryptocurrency reputation most of these people who are gambling are just using cryptocurrency as a safe haven for their money.

If you search on way back machine you can find websites where people were playing poker with 100s of bitcoins.. gambling with crypto can be safe, it just needs to be fair.. I think funfair will solve this issue. It's fair as per blockchain and cannot be rigged

This idea looks good for those countries where gambling is prohibited or restricted. Implementing ICO for gambling could develop this direction without violating the law

There is a project called betterbetting which just finished its ICO.
I think it is dealing with what you are talking about.
From my point of view, cryptocurrency is perfect for gambling / casinos.

Heard about it. Some guys register lots of accounts in the gambling platform and get free mbtc. With these free mbtc, some accounts win some money as there is a fixed likelihood to win. Then withdraw the winning money.

If the calculation in the game goes in the cryptocurrency, specially created for on-line play, then why not - the idea is good.  But if you mean games in which the rates go in different crypto-currencies, then I would not participate in such a thing, since I have enough excitement and adrenaline on the stock exchange.

Dude, it is your gateway to untaxable assets. There is no particular regulation worldwide that when you do online gambling, yo will be subjected to taxation unlike traditional casinos and gambling.

So, it is an obvious advantage for crypto, it just bring  more and more crypto-adopter since there is the presence of an advantage which you will likely to be anonymous either you win or lose.

Of course not, gambling/ casinos is big industry with big income and they always adapted with technology. Nothing too worry about it just stay calm. It will not harms crypto world because loss in gambling is personal risk. You should be happy because crypto can take a part of gambling/ casinos world, meaning crypto will grow up and we can get opportunity to create income also. Be happy my friends.

yes it will be an advantage and convenience for those who like to work and play online. But gambling will make you lose money and nothing.
If you go to a casino to play cards they will still have tips for you to lose. and play online they will still have their way to lose. I do not really like gambling. But this is obviously an advantage for crypto players.

I play with digital currency and fiat so there's no need to question me if i like crypto gambling,i think gambling here in crypto with digital currency are more good than play with fiat in real world but still i use this both for fun and actually i play because i win sometimes lile the poker site here in my country and in some gambling site here in crypto i play gambling here in crypto because i gain knowledge also to do constructive post here in forum to earn at the same time if i already joined in campaign.

it exists since the beginning of bitcoin , ask the people who gambled away 100s of bitcoin for fun a couple of years ago. the only added benefit i see to gambling with crypto instead of usd is that it can be done anonymous. But that will give more opportunity's for scams.

depending on your judgment from what point of view, for myself, I do not follow the crypto gambling

We should consider about the tokens we have, chances are in the near future we will exchange in other markets. This market is our future to make transactions that are usually done by dev

The most effective way of business is part of gambling wherever you go around the world gambling is present we can say too much people love in gambling form, so nowadays crypto gambling platform is the most effective today because crypto is an online currency that you can exchange anything as what you want but in crypto and casino gambling is the same platform but different ways of playing but you can expect more gain in crypto gambling than casino gambling.

As i know gambling will make you lose money and nothing, i think gambling here in crypto with digital currency are more good than play with fiat in real world.

Definitely because it's easier here and we can hide our identity and that would make us safe especially if we win a good amount of money.
WE can do this anytime and there is no KYC that's why it gives convenience to us since there is no restriction.

i like  gambling, and i wait good crypto system for gambling payments.  Now i'm using neteller and skrill. But its not perfect.

Crypto gambling is the biggest niche for Bitcoin recreation.its very much unknwon situation for end level user .I think that the gambling of concurrency is simply to avoid the regulation of the law, so there may be more black curtain.But if blockchain and gambling can be combined, it will make gambling more public.

The most effective way of business is part of gambling wherever you go around the world gambling is present we can say too much people love in gambling form, so nowadays crypto gambling platform is the most effective today because crypto is an online currency that you can exchange anything as what you want but in crypto and casino gambling is the same platform but different ways of playing but you can expect more gain in crypto gambling than casino gambling.

So far I just think crypto is a digital currency asset, but maybe some people are using crypto for gambling. It depends on our purpose using the crypto we have. It would be nice if all use altcoin for future investments.

Whichever method is used in the case of gambling either with fiat or using crypto you should not do that. This is just a suggestion from me and every decision must be in your hands. I think in terms of looking for luck there will definitely be many other ways that can be done, and one of them is by way of investing.

Gambling is playing very important role in our life, doesn't matter if want it or not. Gambling is huge almost everywhere in the world and of course in crypto as well. There are a lot of Bitcoin casinos and the odds for the players are usually far better than the regular casinos.

I see smart contract based gambling is a very important part of the crypto ecosystem. Smart contract based gambling sties will be the world's first batch of truly trustless, provably fair gambling platforms. A good example is Etheroll.

it's up to the coins holder how they spend their coins, I believe, well there is some platform that is connected to gambling, or I say, their ICO is purposely for gambling, so whats the harm? It won't damage the reputation of the cryptos because it only serves its purpose.