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Author Topic: Bitcoin Gambling is Exploding  (Read 18026 times)
The Sceptical Chymist
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April 04, 2016, 12:22:02 AM
 #21

Bitcoin always has been associated with vice and I'm sure it always will be.  I'm cool with that,  and I think the gambling aspect helps keep it alive.  That's freedom.  Except I got booted off of one dice site because I'm in the United States.  Good article though it read like a pure bitcoin pump.

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April 04, 2016, 12:52:50 AM
 #22


This article provides ZERO evidence that "Bitcoin gambling is exploding"...
It just talks about how gambling is big on the web... and BTC has some theoretical advantages over fiat.

I know for a fact that BTC poker sites are dead and comprise way <<< 1% of online poker.

http://www.pokerscout.com

As of this post PokerStars has 168,000 players online (with 90% playing sophosticated multilevel tourneys)...
While the Top 2 Bitcoin poker sites have 100-150 players total online playing simple cash games.

Instead of the crapola in this thread...
Maybe there needs to be a basic discussion about why BTC is losing 1000:1 versus fiat.

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April 04, 2016, 01:07:19 AM
 #23

The article is very general and do not provide any numerical data that support the increase in Bitcoin gambling.

If the use of bitcoin is stagnant, how can bitcoin gambling be exploding? Are we all turning into gamblers? I do not gamble....
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April 04, 2016, 01:15:51 AM
 #24

Yeah.. gambling will be a strong arm in bitcoin ecosystem, it was in the beginning and it will be ever... and when I mean galbling I'm saying about cards, dice, sports and everything that only BTC could give to us. At least since 2011 (as I know).


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April 04, 2016, 01:22:40 AM
 #25

Yeah.. gambling will be a strong arm in bitcoin ecosystem, it was in the beginning and it will be ever... and when I mean galbling I'm saying about cards, dice, sports and everything that only BTC could give to us. At least since 2011 (as I know).
Since 2011? I doubt that those sites are still around as the price fluctuations would be a major turn off for a site to continue business for the long term as they don't know what their profit would be when the quarter ends. Atleast that is how real life business determine if they should cut back on staff or cease operations all together.

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April 04, 2016, 02:47:16 AM
 #26

anonymous is the best part of bitcoin, In my country gambling is illegal, now I can gambling anywhere with bitcoin Smiley
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April 04, 2016, 02:54:15 AM
 #27

It is easier for bitcoin casinos to get players because the value of what they play with are not dictated at a the same value when they deposit then from what they cash out with. So there is a caveat there for how much the gambler thinks they are spending at one time.
Not much people thinks like this , but I admit I do it occasionally.
Bet and hoping get profit from bitcoin price gained at once,  very often I do deposit $800 win from betting up to $1500 and when I cashed out it turn $1600 means $100 profit from bitcoin price .

I'm in 400,000 euros debt , dont help me , i rather die
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April 04, 2016, 05:05:25 AM
 #28

I completely believe that bitcoin gambling is exploding.  I think that gambling is one of the best uses of bitcoin.  I remember playing poker online several years back, before bitcoin even existed and it was clunky and took several days to withdrawal funds after depositing with a credit card.  Bitcoin makes it so easy to deposit and withdrawal, and is pretty quick.  With provably fairness, it makes bitcoin a no brainer for gambling.

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April 04, 2016, 05:26:10 AM
 #29

Bitcoin is very popular among gamblers who can't bet online from the countries because there is a ban by the government for all unlicensed sportsbooks. Bitcoin gambling is developing at a rapid rate and I expect a lot of bonuses and nice offers for the upcoming Euro 2016.

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April 04, 2016, 08:19:51 AM
 #30

You can see around this time indeed that there will be more people indeed that is gambling with Bitcoin, because Bitcoin is also becoming more popular and that is very good.
The world is getting also more digital and Bitcoin is digital money so it works both very good.
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April 04, 2016, 08:27:04 AM
 #31

bitcoin now have a great reputation and used by the most of gambling because of anonyme system that it have. and easy transaction.
and gambling site give many good offre to player that attract them to use bitcoin.
and don't forget the easy way to get bitcoin it give it the opportunity to be used by many gambler.

For rent 1.4 Bitcoin for 11 months starting Feb 1 2017
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April 04, 2016, 09:16:39 AM
 #32

Bitcoin is gaining more popularity every day. More and more people are tuning in with Bitcoin especially with the gambling side of bitcoin. This is a good thing for Bitcoin 2016. 
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April 04, 2016, 12:06:22 PM
 #33

well that's what should happen , I mean bitcoin is the sweetest thing for gamblers
the numbers should go bigger and bigger , bitcoin is simply the best friend for gamblers
I hope that we will see some big sites have interest in bitcoin , like the biggest bookies and poker sites
it's hard due to legal things , but still possible though
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April 04, 2016, 01:05:24 PM
 #34

Quote
Now many mainstream online poker sites are accepting bitcoin deposits and withdraws. Players can participate in big time online tournaments with up to a million dollar guarantee. Cash players can find steadily populated games from the micros all the way up to high stakes action.
not bad,its massive growth for gambling world to accept bitcoin,more people make bitcoin gambling site in everytime,and now i can't count how much bitcoin gambling site,and i dont know some of them have good decision or just try to scamming us.
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April 04, 2016, 01:13:23 PM
 #35

Well Bitcoin is getting popular nowadays and I think there are people who have realized the potential of gambling through bitcoin because bitcoin gambling site are just a fingertips away and people can play anonymously and aside from getting free satoshi in faucets it is not a big problem playing it. Grin

A total high five for bitcoin gambling!
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April 04, 2016, 01:39:30 PM
 #36

Very well its true .. But I would like to say to OP that , this is a forum . Instead of linking it to another website . I think you must post your opinions in the starting thread . later at the end you can just put it as a reference

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April 04, 2016, 01:47:38 PM
 #37

no id verification, just an username and a mail and you can get all the casino games you want, bitcoin is just perfect for online gambling.
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April 04, 2016, 01:50:35 PM
 #38

no id verification, just an username and a mail and you can get all the casino games you want, bitcoin is just perfect for online gambling.

There are some gambling sites which use the blockchain and require no username or email too.  Smiley
And no nosey taxman to start enquiries if you have windfall profits.


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April 04, 2016, 02:01:01 PM
 #39

Very well its true .. But I would like to say to OP that , this is a forum . Instead of linking it to another website . I think you must post your opinions in the starting thread . later at the end you can just put it as a reference

Yup! he just did post the link and did not ask or what so ever he want to say about the link or what should be the topic he would like to say but I think he just depend on the subject title I guess.
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April 05, 2016, 09:06:33 AM
 #40

About 50% of all bitcoin transactions are gambling related
About 4% of online gambling transactions are in Bitcoin and other Crypto currencies.

Can you even imagine the potential ?

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