Is Bitcoin the future of online gambling?

[poplolnman]

Nowadays i can see the future of gambling where there are lots of gambling website everywhere in the internet most of the time people will choose this than going to real gambling people will want to hide their identity for their safety. But here in my country central bank already considered bitcoin as our secondary currency.

things make people should love to use bitcoin as a currency to gamble online are when they don't have to provide their real name like when you have to upload the documents as KYC procedure. also moving the money with bitcoin much more faster , easier and flexible from a casino to another casino not like when you use fiat , it cost a lot of time and also fee everywhere , with that reason feel enough to make people interested and call it as the future.

[Bitcoin0916]

Yes true, with bitcoin all transactions became simple, quick and full privacy. I'm sure the future of online gambling is such a bitcoin, because all the features needed for gambling transactions exist in the bitcoin.

[FlightyPouch]

Yes true, with bitcoin all transactions became simple, quick and full privacy. I'm sure the future of online gambling is such a bitcoin, because all the features needed for gambling transactions exist in the bitcoin.

Yeah that is right, but there are something that will end that, some.casinos now are requiring your private informations or asking for some documents about you. The anonymous transactions now are failing because they are now watching closely how people use it.
They are being curious on scams that are happening, so they want to know the gambler and ensure that he is mot doing it on something suspocious and illegal.

[Malsetid]

Yes true, with bitcoin all transactions became simple, quick and full privacy. I'm sure the future of online gambling is such a bitcoin, because all the features needed for gambling transactions exist in the bitcoin.

Yeah that is right, but there are something that will end that, some.casinos now are requiring your private informations or asking for some documents about you. The anonymous transactions now are failing because they are now watching closely how people use it.
They are being curious on scams that are happening, so they want to know the gambler and ensure that he is mot doing it on something suspocious and illegal.

Well then just move to a casino that won't require you to disclose such information. I think that's where btc casinos have an advantage over regular casinos and sites. What makes btc standout above others is its anonymity and i think that will mainly be the reason for bitcoin to run the online gambling industry not too long from now

[Wintersoldier]

The future money of online gambling I guess.
Bitcoin is more popular on using in gambling sites or online, the advantages was totally use by its users the anonimity on betting to the games.

Bitcoin is great for gambling too because if you send your bitcoins with a good fee, you can begin to play in a matter of minutes instead of waiting days, also bitcoin is great because it allows us to play without anyone having to be notified about our activities, so that is great.

the problem when you used credit card or bank account to deposit you can't trace your transaction ,
when in bitcoin it is pretty transparent , you can see your money come ,
that whats make bitcoin more than fit into online casino ,
i expect in few years ahead most online casino will accept bitcoin as payment.

The average person cannot see your history of transactions if you use a credit card that is true but that is  not much of a problem if you tumble your coins before you use them in any activity you would not like to be associated with you like gambling.

yeah i know the problem of online gambling are when people want to stay anonymous ,
means their privacy about their identity will secure with bitcoin ,
no documents asked , nothing , just an email + password and you are good to go ,
that is enough to attract more player , but most casino still doubt to accept bitcoin due some reasons.

Another good thing about the anonymity of bitcoin is that, government can't get advantage from every win of a gambler which makes a gambler to get less profit due to taxation. With this system, players don't need to worry about the privacy of their account since it can be hidden that let them gamble more comfortable.

[ethereumhunter]

Yes true, with bitcoin all transactions became simple, quick and full privacy. I'm sure the future of online gambling is such a bitcoin, because all the features needed for gambling transactions exist in the bitcoin.

until now, bitcoin is still the best crypto currency for online gambling but if in one day, there is another that offering another benefits for playing gambling than what bitcoin offers, then i think bitcoin will be secondary use for online gambling. but still bitcoin don't need much of informations and this is the reason many people use in online gambling.

[Kotone]

Yes true, with bitcoin all transactions became simple, quick and full privacy. I'm sure the future of online gambling is such a bitcoin, because all the features needed for gambling transactions exist in the bitcoin.

There are plenty gambling website nowadays where you can easily gambling with bitcoin with a privacy those people who don't know bitcoin yet once they interested it they will be use bitcoin just to gamble. When you are depositng theres no fee like when you are entering on real casino you need to pay fees before you play.

[Labumi]

Nowadays i can see the future of gambling where there are lots of gambling website everywhere in the internet most of the time people will choose this than going to real gambling people will want to hide their identity for their safety. But here in my country central bank already considered bitcoin as our secondary currency.

A very smart thinking, it is basically people who want to do gambling will hide their identity, because after all, gambling is a place that has a bad disebagian of the people in the world. But not denied as well, indeed with gambling right we can get great benefits. Just to be able to achieve all that we should be able to control myself and not too large in the thinking of the benefits, because that will make us get big loss
 

[FlightyPouch]

Nowadays i can see the future of gambling where there are lots of gambling website everywhere in the internet most of the time people will choose this than going to real gambling people will want to hide their identity for their safety. But here in my country central bank already considered bitcoin as our secondary currency.

A very smart thinking, it is basically people who want to do gambling will hide their identity, because after all, gambling is a place that has a bad disebagian of the people in the world. But not denied as well, indeed with gambling right we can get great benefits. Just to be able to achieve all that we should be able to control myself and not too large in the thinking of the benefits, because that will make us get big loss
 

I do love that too, anonymous gamblers and transactions right? But as I said to the thread, there are now casinos that requires your information, well, it is their security measures to avoid scams and something like that. But we cant still remove the fact that the future of online gambling is really bitcoon, and many gambling sites and casinos now are accepting them.

[bhadz]

Giving a deeper sense to the OP question I wouldn't even know if bitcoin is the future of bitcoin itself given the latest forking/changing debates going on in the community

I don't mind about these fork issues or anything that is between debating of bitcoin enthusiast. There are some gambling sites that already expressed their thoughts about it and they will going to stay with "only" bitcoin. So I do believe that bitcoin is going to be the future of online gambling and there's no doubt on it.

[Sniper150]

yes of course ,as considering its anonymity and ease of access ..imo YEs.

I don't think so, but many online games use bitcoin to be played like the casino and other online game sites. For now maybe 30% of people focused in online gambling.

[LuanX3]

I think it is! Even some of the largest online sports books are recognizing the potential of bitcoins. Gamblings sites like 5dimes, bet365, betonline and heritagesports are all accepting bitcoins now. Before they were fiat online bookies. That is how much bitcoins has influences the online gambling scene.

[erwin45hacked]

I think it is! Even some of the largest online sports books are recognizing the potential of bitcoins. Gamblings sites like 5dimes, bet365, betonline and heritagesports are all accepting bitcoins now. Before they were fiat online bookies. That is how much bitcoins has influences the online gambling scene.

I dont really recall that they allow bitcoin deposit however they probably might not unless some day in the future, SEC approves bitcoin ETF. It will also take some time after it is being approved to be added to those sites . Unless gambler show a good amount of interest on those then it probably wont be added

[pinkpanther03]

Yes I think it is the future of online gambling because its easy fast and also very reliable I think it will be accepted more and more.

That is true mate, it is the future of online gambling - it is indeed the most advisable and the most convenient way to deposit for your bankroll and not to mention its anonymity.

I think most of the online gambling sites are very much thankful into bitcoin, because it doesn't need papers to comply just for the sake to pass it in the private sectors. because bitcoin has no tax at all. and some of the bitcoin users who are gamblers are now trying to play online in gambling.

[pereira4]

Its clear that there is no other better way than bitcoin to do online gambling. Of course like it has been proposed before, in order to achieve trillionaire tier transaction volume we must neable segwit and then te lightning network in order to achieve next level adoption. Then even your mom will be gambling with btc.

[Jasad]

The future money of online gambling I guess.
Bitcoin is more popular on using in gambling sites or online, the advantages was totally use by its users the anonimity on betting to the games.

Bitcoin is great for gambling too because if you send your bitcoins with a good fee, you can begin to play in a matter of minutes instead of waiting days, also bitcoin is great because it allows us to play without anyone having to be notified about our activities, so that is great.

the problem when you used credit card or bank account to deposit you can't trace your transaction ,
when in bitcoin it is pretty transparent , you can see your money come ,
that whats make bitcoin more than fit into online casino ,
i expect in few years ahead most online casino will accept bitcoin as payment.

The average person cannot see your history of transactions if you use a credit card that is true but that is  not much of a problem if you tumble your coins before you use them in any activity you would not like to be associated with you like gambling.

yeah i know the problem of online gambling are when people want to stay anonymous ,
means their privacy about their identity will secure with bitcoin ,
no documents asked , nothing , just an email + password and you are good to go ,
that is enough to attract more player , but most casino still doubt to accept bitcoin due some reasons.

the price always fluctuates i guess and since that its not been really introduce very well that's why not all the casino house already embrace the system but for sure after they learn that there's a lots of advantage and it will easily attract gamblers they will think about it and migrate to the system to gain more profits.

no i think fiat based casino who accept bitcoin will use real time value ,
i mean they will get exchange the bitcoin to fiat as profit and keep the low amount of bitcoin only to pay people winning out ,
i don't know exactly which one honestly , it's just my thought ,
they are too afraid to hold too much bitcoin , but a little bit confused how they can pay people in bitcoin when they didnot hold bitcoin much enough.

[Yatsan]

I think yes because as of now many bitcoin gambling sites are accepting bitcoin if you will look on this forum so I think yes, but In real world only fiat will be the only one because the value of it is not pumping and dumping.

[naidray]

I think most of the online gambling sites are very much thankful into bitcoin, because it doesn't need papers to comply just for the sake to pass it in the private sectors. because bitcoin has no tax at all. and some of the bitcoin users who are gamblers are now trying to play online in gambling.

The advantages one gambling site could get with bitcoin payment must be very convenient things which are not possible for rest of payment adopting sites could get. The profit ratio due to bitcoin adoption and ability to securely managing funds are few of them which are enabling any gambling house owners to thank bitcoin system for sure.

We cannot ignore that bitcoin adoption is being promoted by gambling industry. For that the good example must be gamblers are switching over to bitcoin based gambling. In future we can expect almost all gambling sites and physical casino will be having options to play with bitcoins.

[doomistake]

Nowadays i can see the future of gambling where there are lots of gambling website everywhere in the internet most of the time people will choose this than going to real gambling people will want to hide their identity for their safety. But here in my country central bank already considered bitcoin as our secondary currency.

A very smart thinking, it is basically people who want to do gambling will hide their identity, because after all, gambling is a place that has a bad disebagian of the people in the world. But not denied as well, indeed with gambling right we can get great benefits. Just to be able to achieve all that we should be able to control myself and not too large in the thinking of the benefits, because that will make us get big loss
 

I do love that too, anonymous gamblers and transactions right? But as I said to the thread, there are now casinos that requires your information, well, it is their security measures to avoid scams and something like that. But we cant still remove the fact that the future of online gambling is really bitcoon, and many gambling sites and casinos now are accepting them.

But we could fake the personal information that they are asking since they really don't know who we really are, so basically, asking every players that would gamble in their site is basically useless. Besides, it is not possible for a certain person to scam a gambling site, we are the one who are using the gambling site, so, it is more like we are the one that could get scam by a gambling site if we are not going to check its legitimacy.

Also, it is not just the bitcoin who is the future of the online gambling, to be honest, without the players, a certain gambling site could not earn a single amount of bitcoin, so to be precise, the players and bitcoin are the future of online gambling.

[Japinat]

I think yes because as of now many bitcoin gambling sites are accepting bitcoin if you will look on this forum so I think yes, but In real world only fiat will be the only one because the value of it is not pumping and dumping.

Gamblers main objective to gamble and all they want is to look for a site that could give them a convenience when gambling and bitcoin has offered that to them and they adopt it. The price volatility or the pumping and dumping as you said is not a big problem because any time they would convert their bitcoin to fiat and knowing that there is an equal movement of that pump and dump, it will not make them deficit.