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Author Topic: Gambling and Bitcoin?  (Read 10317 times)
Hatuferu
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April 30, 2016, 01:53:01 AM
 #121

Everyone's answering a question that has never been asked in the first place (by OP, anyway - it popped up later in the replies) about whether they should do it or not.

Here's the thing. Gambling is such a large part of bitcoin that it even has this section and subsections for itself. This is one of the most popular boards (though it's populated by spam) and gambling is a huge industry in bitcoin. The ease of bitcoin allows potential casino owners to reach out to wider horizons and it'll help newer smaller businesses start up. On the topic of scams and whatnot... for the large gambling sites that have been scams, I get it. It's a big deal. But taking a small minority of the entirety of gambling sites related to bitcoins is literally just using half-truths.

There's a lot more buzz about bitcoin partially thanks to the gambling aspect. We should at least respect that. Untaxed gambling is after all an appeal.
That's true bitcoin and gambling industry are strongly related with each other, and that is the good news and it can be an opportunity for us to be positive because the gambling industry are the major users of bitcoin. In the future they will a mass adoption of bitcoin and we can gamble at a gambling sites where our needs are met.

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BlackPanda
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April 30, 2016, 01:57:08 AM
 #122

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.
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April 30, 2016, 02:29:45 AM
 #123

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.


What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.
richjohn
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April 30, 2016, 02:33:44 AM
 #124

I think gambling is necessary to bitcoin since most of the bitcoin users use gambling to grow their coins. And another thing is that most people use their coin at gambling.
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April 30, 2016, 02:45:08 AM
 #125

for USA people BTC is the only way
and that should push the price when americans understand it Wink

yolo
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April 30, 2016, 04:01:50 AM
 #126

for USA people BTC is the only way
and that should push the price when americans understand it Wink
I think people from the USA already understood what is the use of Bitcoin, I believe there will be a massive adoption from them in the future, and I also believe that if that will happen the gambling and bitcoin industry will boom as majority of the bettors or gamblers came from the county of USA.
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April 30, 2016, 04:44:42 AM
 #127

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.


What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.

Wah is too much 70 to 80% bitcoins are using in gambling. I think only 40% and 40% bitcoin are using too in an exchange
But I dont know for sure how much bitcoins are using in gambling and exchanger.
JeanMcCoy
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April 30, 2016, 06:54:02 AM
 #128

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.


What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.
It is getting working together and that is quite nice because there are now also a lot of people that is using Bitcoin and they use it as their payment method.
So that will change also and the world is also getting more digital.
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April 30, 2016, 08:53:31 AM
 #129

bitcoin and gambling are inseparable. now most bitcoin revolving fund market is a result of gambling. most of the spins in gambling. If gambling is no bitcoin might not be as it is now. I think almost 30% of total bitcoin is currently being used for gambling transactions.


What you said is true but I think almost 70 to 80% bitcoins are using in gambling purpose only as of now. If no gambling then bitcoins will disappear very fast. Apart from gambling other purpose usage is very less but online gambling business is growing rapidly so no need worry about the future of bitcoin. Surely bitcoin prices will go high.
It is getting working together and that is quite nice because there are now also a lot of people that is using Bitcoin and they use it as their payment method.
So that will change also and the world is also getting more digital.
The world in the future will be adopting to bitcoins, although today most of the adopters are the gamblers because of the benefits they get from using bitcoin but I am also optimistic that other establishments or businesses will be using bitcoins when they understand the value of bitcoins in the future.

They can use it in online shopping, but still the gambling industry cannot be defeated with the highest number of users on bitcoin.
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May 09, 2016, 02:49:25 PM
 #130

Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.
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May 09, 2016, 11:56:43 PM
 #131

Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.

Well gambling is the main industry where bitcoin is being used these days,sure the fack that some casinos run away with the money from investors is bad as damage an industry that makes a lot interest on the games the offer to their costumers,even 1% house edge can mean 100 bitcoins proofit end month,the thing is bitcoin borned to gambling as some countries doesnt allow to do with fiat money.
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May 10, 2016, 12:12:05 AM
 #132

Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.

That's true gambling and bitcoin will works together and I think that bitcoin for gambling is the future of bitcoin too
Because so many gambling site accepted bitcoin for deposit and withdrawal.
Hatuferu
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May 10, 2016, 12:44:48 AM
 #133

Gambling and Bitcoin will works together and that is because online gambling is nice for Bitcoin so that would be also perfect for the future and for the currency.
The world is also getting more digital and that is perfect for the Bitcoin.

That's true gambling and bitcoin will works together and I think that bitcoin for gambling is the future of bitcoin too
Because so many gambling site accepted bitcoin for deposit and withdrawal.
We can see that there will more gambling sites that will be established in the near future, this is a good market for them for those bitcoin users to avoid government restrictions, in that sense they can enjoy their profit at the maximum level.

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May 10, 2016, 04:37:38 AM
 #134

It is best to gamble using bitcoin because of the ease on funding your account. About the cons, you can always avoid sites that are fishy in nature. Or you can just withdraw your coins regularly so that if that site suddenly shutdown, your coins will not be lost or at least only minimal amount of coins are lost. Even on gambling, you have to study or research the sites you are joining.
I agree, its very easy to use bitcoin in gambling, as of now gambling is the reason why blockchain transactions are congested.
About the cons, yes you just have to be smart when you know what happens when you deposit to them.

Gambling is also making bitcoin stable because of the numbers of transactions it do everyday. It is almost that gambling is the only real industry that is making bitcoin alive. I just hope that we are not stuck to gambling. I hope other industries also adopt bitcoin so that bitcoin can have real progress. If other industry join in using bitcoin, more people will be attracted to it, not just gamblers.
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May 10, 2016, 04:48:54 AM
 #135

It is best to gamble using bitcoin because of the ease on funding your account. About the cons, you can always avoid sites that are fishy in nature. Or you can just withdraw your coins regularly so that if that site suddenly shutdown, your coins will not be lost or at least only minimal amount of coins are lost. Even on gambling, you have to study or research the sites you are joining.
I agree, its very easy to use bitcoin in gambling, as of now gambling is the reason why blockchain transactions are congested.
About the cons, yes you just have to be smart when you know what happens when you deposit to them.

Gambling is also making bitcoin stable because of the numbers of transactions it do everyday. It is almost that gambling is the only real industry that is making bitcoin alive. I just hope that we are not stuck to gambling. I hope other industries also adopt bitcoin so that bitcoin can have real progress. If other industry join in using bitcoin, more people will be attracted to it, not just gamblers.

I would like to think is gambling as tax in the btc world. sure there are winners and losers but it really help maintain the coins that has been converted to fiat. And mostly people would end up gambling because remember there is really no physical involvement here and you will always think of gambling to give you adrenaline rush. Nonetheless i too hope that other industries would adopt btc for us to have another source of income.
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May 10, 2016, 05:15:57 AM
 #136

gambling is bad for me and i try to avoid it as it has only cons for me

the impact of gambling is bad. and gambling is bad for everyone. but they are still playing gambling, because they can still feel the victory and make money from gambling. but different as they always lose and never make money from gambling.
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May 10, 2016, 05:43:09 AM
 #137

gambling is bad for me and i try to avoid it as it has only cons for me

the impact of gambling is bad. and gambling is bad for everyone. but they are still playing gambling, because they can still feel the victory and make money from gambling. but different as they always lose and never make money from gambling.

And people always want to win when they do gambling, that's why when their bets are lose, they are not accept that and keep gambling to win back their loses.
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May 10, 2016, 05:51:25 AM
 #138

bitcoin is gambling or not it is very confused for the new peoples like us
i strated to use it now these days and i dont have much information abt it
but wht i see the secure system of bitcoin it looks like great future
and i hope it will be more popular than usd and other currency
because many big companys are also using it these days
only essue is abt the bitcoin is not have a stable price
i think it become more stable price after this year and we have very clear picture Smiley Smiley
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May 10, 2016, 06:32:28 AM
 #139

As i think bitcoin made online gambling very easy and flexible, there are so many trusted casinos which are providing legit services, scam sites not only with bitcoin there are a lot of scam sites running on fiat too, overall bitcoin is the future of online gambling because it has more potential than any other currency.
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May 10, 2016, 07:25:32 AM
 #140

I think the second option doesn't stand for gambling websites, I mean big casino houses, like  bitcasino.io , jetwin, kingbet , directbet etc they are here from a long time and of course they have made profit so far so there's no reason for them to go away with people money. Bitcoin offers also privacy so thats why is the future of gambling. And of course its very easy like you say.
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