Bitcoin Forum

I just copied the title from a blog (https://media.mycelium.com/) I read recently. Basically the writer provided some reasons why online gamblers would use Bitcoin gambling platforms more because of the halving.


1. That should have been "Bitcoin Casinos Are More Secure". Hackers unable to access your personal wallet because they don't have the private key doesn't mean you are already safe. Remember that even some Bitcoin casinos require KYC verification now and if hackers got a hold of your personal info, you are still be a potential target especially if they found out that you hold a large sum of Bitcoins.  

2. Bitcoin survived the "bubble" that's why these guys are now acknowledging Bitcoin in different capacity.

3. I read some articles saying Bitcoin worsened the illegal online gambling situation. This is probably the first one that says it actually makes online gambling better  ;D


The writer went on to add why the halving is special for online gamblers: Potential Gains!
He/She assumes that gamblers will hold their BTC winnings because of the potential that it will pump to $100K or to whatever price as an effect of the halving.

I cannot say that I agree with that assumption. It's a bit of a stretch imo. I mean gamblers are gamblers but they are not necessarily speculators. Some gamblers are probably wiser than others in keeping their winnings but doesn't mean they will save it as Bitcoins. They could easily convert it to fiat and just deposit them into their bank accounts.

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Disclaimer: The blog is promoting another casino. I'm not part of that.

    If Bitcoin price rise, as most of us expect, people who like to gamble with Bitcoins will have to lower their bets
probably. For us who play with minimal bets all the time, we will have higher minimal bets, because there's no
lower than 1 satoshi bet.
    Where are big wins, there are big loses too! If Bitcoin price rise and you lost you coins with gambling you will
regret that decision to gamble.

Honestly, not with the halving but are these online gamblers (literally a gambler outside crypto) really interested to try bitcoin itself?

As we all know, the adoption is still, no doubt, not that big so before these gamblers will shift into bitcoin, the first thing they will ask is "what is bitcoin". They will set aside the halving thing, the moon thing, the rocket thing, etc.

Those listed things in the article are general information about why people should use bitcoin, not just in gambling. But seriously, even with all these positive views, there are people who will stick playing on fiat online casinos compare to crypto casinos.

They would really need to know the basic first before they would really go beyond to other aspects.Im not really that too negative in terms of adoption but let those people do discover up themselves about crypto gambling.

They would able to tell the difference between the two.Introduction would only be the challenge on here and when their interest sparks on then its good but i agree into the point that you have said
that majority of them would just stick out into traditional ways.

Uhhh Number 1 shouldn't be called "secure" but rather should be instead "private". And seriously, the blog discusses about gambling in an overall sense and yet the topic is literally about Bitcoin as an investment. I mean, how far can you even go with that? Gambling uses Bitcoin as a currency, not an investment. They should seriously fix that mindset of theirs. And additionally, Gambling always has risks in them, even if we do take into consideration how blockchain works. Besides, you can't even trace who's what in a blockchain, how'd that made it safe.

You can't really say that tbh. It's quite an empty argument since, why would you even gamble then? Just friggin hold and wait. Gambling isn't an investment, it's for entertainment. And even if you were to look it as a source of financial income, there's absolutely no need for you to consider whether BTC price would increase or decrease in the future. In a sense, it's like putting the cart before the horse, you're looking at BTC as an investment when instead, you should have supposed to have looked at it as an asset, as something to be used in gambling.

I tried to transfer $50 worth of Bitcoin from one wallet and using the Green wallet to transfer and the minimum fee/gas that lets me transfer that amount was $8, think of that if you are trying to transfer on one gambling sites, I still support Bitcoin on gambling but at this point in time, it's not recommended to deposit Bitcoin to a gambling site that you are supporting.


 

I can feel you mate, the transaction is really high, it's not good for small time gamblers to gamble using bitcoin at the moment as during the transfer of bitcoin, they will already lose,.. I haven't gambled recently, but I made a lot of transactions online but the transaction fee was really high.

I wonder if some gambling sites that offers free withdrawal are still doing the same at the moment.

If we talking about Halving, there will always be misconception about it. Halving doesn't effect bitcoin price, but many speculators creating hype to attract new investors like in the past halving. Since many new investors want to buy bitcoin, this will increase in demand and the price will increase too. Keep in mind, the third halving not always have the same stories (bullish) we can't know the future.

I agree with @Wexnident, most of this blog only explaining about how bitcoin become a great investment and how bitcoin is better than fiat money. I don't find any relation about halving effect to gambling, probably the hype will increase the adoption. And the adoption not always will be used for gambling, many of people usually used it for invest or trading.

IMO, lock down have more impact rather than the hype to online casino. Since people stuck and bored during quarantine, they will prefer they will prefer gambling to kill boredom [1 (https://www.theguardian.com/society/2020/apr/24/growth-in-problem-gambling-amid-coronavirus-lockdown)]

What do you mean free withdrawal? It can't be free, because there is always some transaction fee that needs to be paid in order for withdrawal to succeed. For example, bustadice has no additional fee except for instant transactions, but it still depends on network. What can I see now is doubling of withdrawal fee after halvening, but this is temporary situation. Transaction fee wasn't so high and paying double of it is not a big deal. If you need faster transactions then you must pay miners, it is a rule for all, we can't do much about it. If you don't care about speed than you can pay lowest fee and wait until network is back to normal. Network is working fine. It is gamblers who need to change their transactional habits.

What he means by this are casinos that have simply not charged/deducted fees when players want to withdraw their funds. Was virtually a service of the provider that they have not charged anything for it.

In the FJ-Thread the amount of the fees was discussed recently more intensively, FJ has now changed to not pass on the currently very high fees and to take them over completely:


I am sure that the fees will decrease as soon as the situation has eased a bit. If you look at the last 5 years, there have been phases of very high fees, especially at the end of 2017, which have calmed down relatively quickly:

https://i.postimg.cc/3R0QV1N1/screenshot-145.png (https://ycharts.com/indicators/bitcoin_average_transaction_fee)

That is definitely right move from FortuneJack, no wonder it is considered one of the most reputable cryptocurrency casinos. I hope that other casino will do the same and help out players. In the long-term it will bring more gamblers to those casinos who still care about players during difficult times. Moreover, this has instant effect as well. If there is a choice to play in a casino with low or no fees and play in casinos, which make money because of halvening fee increase, gamblers would rather choose first one. The latter thus lose their profit. It is always better to go towards players.

Exactly a big challenge for a small time gambler like me because $8 fees is not small at all, better to use altcoins to gamble for now while bitcoin is still expensive when it comes to the transactions fees, this might be a negative effect of the havling.

If there's a free withdrawal gambling site, for sure more gamblers will use their services but for now, there's no free services at the moment but let's see how the gambling sites promotes new services to encourage online gamblers.

Yes, that's what I mean and I was asking about it because there are gambling sites like sportsbet.io that does not charge a withdrawal fee, so since I have not been gambling for awhile since no sports to bet until now, I was just asking if they have that kind of feature since the situation now is different.

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Maybe I should directly ask sportsbet about this.. have you been gambling with sportsbet.io lately?

Imo online gamblers are not going to start using bitcoin to gamble than fiat because of the halving, that will make them investors or speculators rather than gamblers. The advantages the writer of this article pointed out may be true, but I don't think gamblers are interested in that, as long as they haven't had any issues gambling with fiat, then I don't think they'll want to switch to bitcoin except those interested in bitcoin adoption. I use bitcoin to gamble whenever I feel the need to do, it may be because of my predilection to bitcoin/cryptocurrencies and their adoption. I'd also love to see more gamblers use bitcoin, but alot of them do not care(they just want their profits).
This is true, but it also depends on what the gambler likes to gamble on, myself I only place bets on football games and since there's been no football for a long time now, except recently the Bundesliga returned, I've not had any gambling to do ;D.

I can't back this up with concrete data but we can safely assume that Bitcoin has become more and more popular in the gambling industry since 10+ years ago. 

One thing that the writer failed to point out because he/she is selling the halving too hard is that it is "easier" to make Bitcoin deposits for legit gamblers to online casinos compared to fiat especially for countries with strict regulations. Depositing fiats using banks, paypal, and other cards also means these gamblers are at the mercy of third parties. Using Bitcoin and other cryptocurencies is a good work around.

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Good point and a valid argument.

Tbh, I somewhat agree to what was stated in the blog you have mentioned although Bitcoin halving has nothing to do with it. As you have stated only some bitcoin casinos require KYC others don't while almost all Fiat-based casinos required KYC including debit/credit card details which is far worse when compared to the KYC of Bitcoin casinos.
As robelneo mentioned, the transfer fee is sometimes high when the Bitcoin price is soaring, but if you see in the long run, with lightning adoption and such the transfer fee will become almost negligible. IMO, Bitcoin casinos are far better when compared to Fiat-based casinos in almost all aspects.

i see . btc halving increases adoption for btc but that was it ? i thought i will see other reasons on why people will now use btc when gambling because there are infact many good cryptos to gamble aside from btc .

  also i think we should value our btc nowadays because btc is now harder to mine  and also the value is expected to grow . i use btc when i play before but after ive tried alts , i prefer them now more than btc for a good number of reasons.

Normally it should not change anything for crypto casinos as 1 Bitcoin equal to 1 Bitcoin still as far as crypto operating goes.If the price rises exponentially than most probably the amount of players will go down as people including gamblers will want to save their Bitcoins or directly convert them to cash.Only the addicted ones will keep playing no matter what values bitcoin goes.

I think we are always confusing things with coincidence. Bitcoin halving effect is real,,, but not everything that is happening after the halving is because of bitcoin halving. I do agree, the fee situation at casinos is quite crazy now. But as pointed out FJ made it free now (but they were taking $20+ dollar fees before that leading to complaints) and I think this can push more casinos to adopt segwit and lightning.

But fee problems have happened many times BEFORE halving!

While Fj is offering it Free but this is too different in YoloDice since there are complaints from some friends that the fee now is really huge and unbearable for small time account specially their campaign participants.
But not like now.yeah it happens many time before but these days?it has really huge amount that cannot be afford by small withdrawals .

I guess with this big withdrawal fee, people will think of moving to altcoins, and it's just timely to see the gambling sites have already added a lot of altcoins as an option for deposit and withdrawal.. I haven't transact using ETH for now, I'm sure most gambling sites have ETH since it's the most liquid altcoins in the market, but anyone here transacted lately, please tell us how much is the fee per transaction, like the average.

Really high right now, even if you play right away, you can't because it takes several minutes to an hour before it gets confirmed and landed in your wallet the best option right now is to use Doge and XRP if they have it, Ethereum is also ok, as long as it's cheap fast and we can easily liquidate, that would be fine.
 

Some of my Gambling aren't done through bitcoin because of the highest fee demands through these gambling platforms. There are many ways to go about this: switch through altcoins and not still gambling the bitcoin make the difference. Most of my gambling these days are done through ethereum or doge tokens and am not running at lost as I have seen. Bitcoin fees has increased since the bitcoin halve took place and for those who still find their ways to use bitcoin for gambling should have a rethink. Although, this high fee for bitcoin will definitely go down soon, but before that, stay with altcoins.

Bitcoin and not the halving in particular is what's really shaping up the online gambling scene as of late. Halving has nothing to do with all the innovation and improvements that casinos have seen within the past few years on their platforms IMO. The surge in people wanting to try online casinos w/ cryptocurrencies is mainly driven by the demand of people who opted using bitcoin and other cryptocurrencies for their online gambling adventures. Halving only cuts the block reward in half, and idk why everyone wants to overcomplicate things and try to pin the event into somewhere else.

Maybe that good to spend our btc holding when we're having much of it, but for now let's choose to hold it. Growing bitcoin nowadays is more harder compared of before due to slow demand, so it's very important to value this coin. Alts is our only way to prefer for gambling purposes, because most of them is not really moving impressively in value.

wow, I didn't realize this...
fees that go up when depositing Bitcoin on gambling sites because Halving actually harms the user, that means it's better to deposit with other cryptocurrencies that have cheap fees like eth, Tron, litecoin, and doge.

Personally, I believe that halving bitcoin will not affect online casinos in any way. Miners have been mining bitcoin and continue to do so. The mining process is self-regulated. If someone leaves, the network aligns and balances itself.

The price of bitcoin is also constantly fluctuating, which does not affect the rates that people make in bitcoins.

Exactly. I guess the main reason for hard selling the bitcoin halving to "traditional" online gamblers is promoting a certain bitcoin casino. I personally do not like these kinds of marketing. This is almost the same as hyping the non-bitcoiners to buy out of FOMO.

I think they are assumptions from The Effect of the Bitcoin Halving. Because they are not based on surveys and other series of field research. The Bitcoin Halving event certainly caught the attention of many crypto enthusiasts and others people joined the community.

On the characteristics of Bitcoin: Security, Maturity, and changing gambling for the better. They may have the expected result. For example, I have seen more blockchain-based online gambling developments. I might agree that a change in gambling is being created.

With the effect of the bitcoin halving, I think a gambler wants to move from using bitcoin to using altcoin because the fee for sending from their wallet to their account will be bigger. I see that the fee now is much high than before, but I think the fee will be reduced in the future so moving into altcoin will give them a chance to buy a lot of altcoin such as ethereum, litecoin, dogecoin and else and then send it into their gambling account.

Perhaps, people will use bitcoin as their investment, and they will use altcoin as the alternative to playing gambling. But for people who have a large amount of bitcoin, they will not think about that since they will not have a problem to send any bitcoin amount. We will see the effect at the online casino after the bitcoin halving.

Then definitely we will see some good result on the altcoins market, especially on the major coins which gamblers will be using due to its good liquidity rate. As bitcoin is not affordable anymore in terms of fees, then that would be the scenario we witness in the future, and I think it's wise to think of investing at the moment.


Good for the whole market in overall, this way not only bitcoin will grow and with the increasing demand of altcoins, we might see its dominant rate to increase and we know what would result to the market if we will see it increase.

Maybe, but this is then effect of halving on gamblers and their preferences in.using this or other cryptocurrency but I don't think there is impact of having on online casinos.
They develope further their business and their services according to the profit they make and their business plan not what halving brings.
Although, so far we can't see some bigger impact of halving mot on Bitcoin price neither on something else like online casinos.

That's a high fee, it does not fit to the amount you transfer, 8 usd is 16% of the amount you transferred, I think that is too high, maybe you won't feel it if you transfer like $1000 or more, but with small amount, it's a big deal and small gamblers like us are really affected.

anyway, it seems like the fee has dropped as of the moment, not sure when you transact from the gambling site as they have different computation compared to the fee from using a certain wallet.

It could go either way. But these are all speculations, whether the gambling wins will be kept as Bitcoin or they will be converted into fiat.

It would be nice if the gambling casinos are releasing a comparative data of their income during pre and post halving. If they are interested, anyway.

I am also experiencing the same issue with high fees. I do usually gamble with small amounts because I am controlling myself from playing gambling by setting up a low starting capital limit on every session I have. The high fees prevent me from playing and sometimes luring me to deposit more because I feel that I am not utilizing the fees. I think this is the opportunity that is preventing me to play gambling.

Doge is cheap too, but I'd choose XRP since its listed in any exchange and you can trade it right away, it's fast as well, in less than a minute you'll be able to receive your deposit, I think there are a lot of gamble sites right now that are accepting XRP. At this time that BTC's transaction fee is too high, gamblers will adjust and will look for a coin available that only charge a very minimal transaction fee.

Well, on my own. We cannot guarantee the security of anything that is valuable to us especially when it comes to bitcoin casinos, perhaps we may consider it as secured because of the private keys, it can also be hack since KYC is now being implemented even with casinos and once a hacker will be able to have such personal information then, --they can already use it to break any keys on your account and start to spare everything that you own.

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Indeed, Bitcoin maturing because of halving has no direct effect in online casinos as I see it because playing in online casinos still depends on the bitcoin owner regardless of the global adoption of bitcoins or any cryptocurrency. Bitcoin who uses blockchain may change gambling for better if all casinos will use the blockchain technology in their system, --perhaps there will be pros and cons in doing this and we may only know those once we already cross the bridge.

^ Definitely right, it is hard to say that bitcoin casinos are more secure, maybe it requires a private key to access the wallet but nowadays where hackers become wiser than before they can possibly break these keys to steal also now that KYC is being imposed then it becomes easier for them to hack any account if they really want to. Halving doesn't give me any sense of the relation between bitcoin maturing and its effect in an online casino for there is no direct outcome if more people will adopt bitcoins because not all of them will necessarily play in an online casino. Nevertheless, it can be seen that bitcoin does worsen illegal online gambling for bitcoins are decentralized and it may be hard for the authority to track the identity of players from illegal online casinos.

This is the reason why I dont trust online casinos because through the use of KYC our account are prone to be attacked by the hackers most especially if they know that we are keeping a great amount of money in our virtual wallet. When I had a traumatic experience in playing gambling online because of the KYC, I decided to stop playing online gambling because after I worked hard for my coins those bad people just hacked my account and take away all of my money and that is a lesson learned for me not to trust online gambling most especially for those who uses KYCs.

after halving i notice that btc fee is still the same on the gambling site that im playing with though i rarely use a btc for depo , only for withdrawal if ever i have existing btc   .

 doge coin is also popular like xrp so im sure that many exchanges support it as well as gambling site but doge is too cheap and i cant calculate its value easily when playing a gambling unlike to xrp that its easy to remember its value and you can easily the determine if how much your betting with   .

Pretty much what I said in the OP.

I doubt any online crypto casino would divulge such information to the public. They will hide as many data as they can even from the authorities.

Come again? What keys are you talking about here?

I think if we keep the keys 2fa to protect our wallet when playing Bitcoin and Crypto Casino they will be much safer and less likely to be hacked This will keep our data very secure. Bitcoin has also had an impact on online casinos as the price of Bitcoin has risen and many are turning to gamble. Gambling is changing and demand is increasing In the case of online gambling when the price of currencies goes down the demand for gambling goes down.

Imo the demand for gambling doesn't always go down whenever Bitcoin's price go down I think there's less correlation between the two because there are gambling sites that continue to grow despite the price swinging back and forth. It might be even better if it's the other way around because you get more bitcoin and the minimum deposit/withdrawal would be much cheaper as bitcoin casinos usually have a fix minimum.

I think bitcoin halving has a positive effect on online casinos, because according to a survey that I saw on the internet. The number of
gamblers playing online casinos is increasing, especially online casinos that provide cryptocurrency. It is likely that many people believe
that after bitcoin halving occurs, the price of cryptocurrency can go up, and therefore profit results are obtained from gambling crypto
will be saved. And hope the price of cryptocurrency can rise soon.

Especially now that a lot of countries are still in lockdown, many gamblers are finding online casinos to be convenient with their personal desires. Most physical casinos are still closed, that's the reason why the number of gamblers playing online is increasing. But not necessarily crypto online gambling as most of them are not yet familiar how to use crypto gambling websites. But that's a good start, as when they learn how to use crypto in gambling, I believe they will stay for a while as physical casinos are not safe even after the lockdown is lifted.

Hopefully, that will happen soon, and that can be a sign for the altcoin to rise as the using of the altcoin in the gambling games will be high too. Investing in the altcoin will be another option now as we can wish that after bitcoin halving, the prediction to see bitcoin price increase will be wide open so that the altcoin will be increased too.


Yes, when the demand of the altcoin in the gambling business increase, that can trigger the market to increase, and that can make the price to move and break the higher price. The market will change in the rest of this year, so we might see some surprise from the bitcoin and altcoin, especially with the altcoin which has a good position now.


There should be an impact for the gamblers, but maybe there is no impact on the online casino as they are running their business, and they want to make a profit from the gamblers. The online casino will still run their business with or without the halving, and they will not have the problem with that. But the bitcoin price will get the impact of the halving, and it's on the way to happen, but the impact will not happen shortly.

Exactly, and if we go on that argument, then bitcoin or crypto related casino should have die when we reach all-time-high last 2017. This article is probably just hyping the casino itself and just throwing his argument around the bitcoin halving to fit his narrative. But for the usual online gamblers, they know everything, if the fees goes high, then switch to altcoins. That's why we have seen lots of altcoins grow and thrive because they capture online gamblers, not as investors, but uses their coins to continue playing around when bitcoin fees are very high.

I don't see any gain during the halving if the gambler continue to bet and losing.  Unless that person won a huge amount and stop betting and wait for the price of bitcoin to skyrocket before converting it to fiat currency.  So I guess I share the same thought with you.

Rough data would do. I guess it won't mean much if they would only release figures in percentage. After all, they are legally registered and licensed casinos. Theirs are open books to the authorities and are regularly audited. We've seen figures in percentage such annual growth rate, rate increase in bettors, etc. Again, if Bitcoin halving effect to their business is something that is of interest to them.

I'm trying to find any survey about this effect, but i don't find anything. Maybe you can provide me a link of this survey? Because i'm not sure if Halving give a significant impact for casino's. Of course, many members say they can hold from winning to get more profit later. But, it's not really the main point.If you provide me the link, it will help me to know something new from the halving as a fundamental issue for online casino's.

Yes, provide the link please. I am also interested what the survey covered. Like what were the questions asked? Did the participants really say they switched to online gambling mainly because of the halving and the potential gains? Or was it only because it is more convenient to deposit bitcoin than fiats?

What's reported to authorities/auditors are $$$. Data such as number of bettors is internal. If they do release growth rates, it would probably be for marketing.

My perception about how bitcoin halving could possibly affect online casinos is when market price of bitcoin increases. That's the only reason I can think of, because in this time when we just had a bitcoin halving, people are always correlating it to have positive effects on almost everything, when in fact, bitcoin halving made some miners quit their jobs (https://siliconangle.com/2020/05/11/bitcoin-drops-slightly-post-halving-miners-quit-business-due-lower-rewards/) because of high electricity and lower bitcoin rewards. In terms of online casinos that utilizes bitcoin, I think most of the gamblers will still rely on the dollar conversion of bitcoin because that's how they earn a profit, most gamblers (including me) aren't really betting thinking of the intrinsic value of bitcoin but with it's dollar conversion. So if you have bought so much bitcoin today and price rocketed after 2 years, you have allot of bitcoins to enjoy playing.

As I mentioned in my previous posts, I expect the following effects to be seen on online gambling services after the halving process.

Alternative Payment Methods: Due to the increasing number of transactions in the Bitcoin network and mining power, mining commissions paid for transactions will increase. If this increase reaches substantial amounts, users will demand alternative methods to ship with cheaper commission. This would be a very bad disadvantage for services that only provide the opportunity to gamble with Bitcoin.

Low Commission Competition: As I mentioned in the upper factor, the withdrawal transaction fee demanded by the websites will increase due to the increasing miner fees. In this case, users will prefer the service with the lowest amount of this commission as well as the quality service. This, in turn, will result in the loss of customers of services that provide withdrawal with a high commission.

Opportunity to Play with BTC Balance: The services that provide gambling service with the amount of Bitcoin sent will benefit from this advantage. The services that demand money with Bitcoin but transfer the balance in USD, EUR or similar currency after the money investment will cause loss of customers for this reason.

After BTC halving prices until now dropped. The casino could be quiet, because many people sell assets and save USDT, but the casino can open a pair of USDT to casino games. Or some way in my opinion if the casino has an exchange rate adjusting the price of BTC I think they will compose their prize. This makes the income will not change. But this is just my crazy idea and might be interesting because prizes adjust BTC price. Whether online casino will lose, I think not. With this system I think many people will be interested and join.

I get the points 1 & 2. I'm not so sure about point 3.

1. There are already online crypto casinos offering other payment methods like Doge, Eth, and Ltc. Those who offer only bitcoin deposits still have an option to implement LN like some casinos do.

2. Someone posted in the previous comments the decision of Fortune Jack to waive fees for all BTC transactions. This is in light with the recent effect of the halving (read it here (https://bitcointalk.org/index.php?topic=774929.msg54465416#msg54465416)). Established online bitcoin casinos might follow suit too if their customers would request for it.

Anyway, the recent increase is only temporary. the transaction fees have settled down if you look at the mempool now https://jochen-hoenicke.de/queue/#1,8h

If people don't want to use bitcoin to gamble, they can use those coins as if they send the coin to the gambling website don't need to pay a high fee as bitcoin. We know that now to send some bitcoin will need a high fee, higher than before the halving, so that can make gambler to use the other coin as you mention. People will free to choose what coin they want to gamble, and they will have so many options of gambling website to play the games and to deposit their money.

Online gambling sites are increasing, moreover, they also spread using the cryptocurrency as the payment or transaction. Moreover, Bitcoin is a great digital currency that makes many online casinos are interested to accept this BTC for payment or transaction. But, is there really any correlation about the BTC halving and the online casinos? Does it mean the price of BTC really influence?

I don't think that hackers cannot hack our Bitcoin wallet. We can search from many sources that there are several cases of stealing BTC from the wallet. They may not have our Private key, but, they are hackers. they can learn many things and they are smart. If they find just a little gap, it can be a smooth way for them to hack the site and steal our Bitcoin very easily. In fact, Binance which is known as the largest exchange alone can be hacked and lost more than $ 40M Bitcoin. So, never only think that our assets will be safe from hackers. We must be more careful even using the BTC for casinos.

Cryptos are easily spendable on online casinos and it gives more convenience while playing here so people adopt for decentralized currencies to get better gambling experience and especially after this halving the price may increase which makes the bitcoin to be more popular among the gamblers so it is going to be positive effect on online casinos and even for bitcoin itself.

I don't know if you really understood the context of my comment. Read the OP again.

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Do you think online gamblers are bitcoin speculators too?

IMO, yes. Because whenever the price of bitcoin increases we can see more and more online casinos and more gambling activity than the bear market and literally most gamblers are here for money.

It varies because even on a bear market there are still heavy gamblers that do make use of btc as their main currency on playing online because they can accumulate bitcoin as much as they can since its still cheap if they are just longing for investment matters but as said above i dont really believe that much that most of them are speculators too but rather they do just play out just for the sake of earning money on spot, not literally thinking of for long term because if they do then they wont really waste up their precious bitcoin into a gambling house.

Not all gamblers are investors, in fact, I believe that majority of gamblers are not investors, they can gamble anytime or in any given situation, what would only affect them is if the fees will get higher and it happen days after the halving, but the fee is back to normal now, so nothing significant would really change.