lorylore
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June 08, 2016, 09:50:48 AM |
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I don't see any negative effect on gambling as Bitcoin is going up.It will work same regardless of the value goes up or down.Becasue your possible outcome will have also same value.Gambling will be same even if price to be all time high.Who is to gamble will continue so there is nothing concern about price in my opinion.
The difference will be the amount of btc used to gamble will decrease. I remember when btc was around $50. Betting sites will often have bets like 1btc or 0.5btc. But when the price rose, the amount of btc used to gamble drop. Now a lot of sites used mbtc or satoshi.
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hua_hui
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June 08, 2016, 09:55:14 AM |
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I also don't understand the question if gambling is going up, but as on my self point of view if BTC price are increasing which is most commonly the effect of the halving and china's economic distress and a lot of total gamblers invested some of their $ for bitcoins and will sell it later for a higher price then those total gamblers that earned their profit will probably gamble their money for a possible doubling of it which in total increase the users of gambling sites.
And those gambling sites will earned a profit from those gamblers as most commonly they always lose, Like me, it is so seldom for me to win a game.
If you understand that bitcoin is going up, so why you not understand that gambling in going up? if you can't understand so should read the other threads, may be they all have strong mind than you. But i m clear my point that bitcoin price is going up mean( increasing), so thus gambling is also going up mean ( increasing), mean, what affect on gambling when bitcoin price is in high place? You can already see now that gambling and Bitcoin works well together and that is because the value of Bitcoin is starting to rise and online gambling is becoming more popular so that is nice. But it wont be that easy to earn profit in gambling because you have to be lucky if you want to have profit. It is like a win win situation. Price of btc goes up, holder benefit and more people awares and join in. With bigger awareness, more people will start to gamble and in turn will make btc more in demand and price rise.
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bittrojan
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June 08, 2016, 10:39:39 AM |
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You know in these days Bitcoin is going up. So when bitcoin's price growing up than the users of bitcoins feel very exciting and So i want ask when Bitcoin going good than have any affect on Gambling? Is it Gambling also growing up?
We already know about bitcoin gambling since bitcin founded,they spread like mushroom,and never got any effect from bitcoin price,however bitcoin price will not make gambling industry fall or lost their users,we know when bitcoin price $300 people keep playing,and then when $550 they more playing.
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ICO investor. Miner. Bagholder Extraordinaire!
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ninomado
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June 08, 2016, 10:41:01 AM |
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You know in these days Bitcoin is going up. So when bitcoin's price growing up than the users of bitcoins feel very exciting and So i want ask when Bitcoin going good than have any affect on Gambling? Is it Gambling also growing up?
YES, whit higher btc prices, people buy more btc and gamble it
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Semidetached
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June 14, 2016, 04:08:39 AM |
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I think most users when they do online Bitcoin gambling they calculate their current fiat to better know how much exactly they're betting. BTC.01 is just BTC.01 but it could be 1000CNY or $100 USD or something like that.
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Avirunes
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June 14, 2016, 04:26:35 AM |
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You know in these days Bitcoin is going up. So when bitcoin's price growing up than the users of bitcoins feel very exciting and So i want ask when Bitcoin going good than have any affect on Gambling? Is it Gambling also growing up?
I don't think it will affect very much.Some gamblers may try to deposit low amount of bitcoin but some may not as they may be having gambling addiction problems.Some may also try to play up slow in order to not to lose btc.With bitcoin pacing up I think there will be more gamblers in upcoming time.
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roadbits
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June 14, 2016, 04:46:02 AM |
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You know in these days Bitcoin is going up. So when bitcoin's price growing up than the users of bitcoins feel very exciting and So i want ask when Bitcoin going good than have any affect on Gambling? Is it Gambling also growing up?
No according to me Gambling site bit low now because Bitcoin price is growing up day by day that too huge increment. So i think people are stop playing gambling and many people are started to sell there bitcoins for high amount. I don't know others but now i am control my betting stats i do just small betting that too when i am interested not regularly.
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StoreBit
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June 14, 2016, 07:09:53 PM |
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I think it is increasing he rate of gambling too. because people are earning money in bitcoin as its rate id raising up. so they are investing more and more money in casiono too.
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Superbitzz
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June 15, 2016, 02:16:28 PM |
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it make more eager the people. i think the gambling will also get a boosting when its rate is going high. when people are getting money through bitcoin they will certainly use it in gambling specially those people who are addict of gambling.
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OrangeII
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June 15, 2016, 02:22:28 PM |
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I think it is increasing he rate of gambling too. because people are earning money in bitcoin as its rate id raising up. so they are investing more and more money in casiono too.
Well I guess they combine gambling and trade, while they make money from the casino, they might as well wait bitcoin prices rise, so when the price rose to a high bitcoin, they can benefit greatly
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fullypak
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June 15, 2016, 05:43:06 PM |
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yes Bitcoin price is increasing daily and price variation is very high but I think there is no such difference we see in gambling. Yes i think now players are increased because if they win the bet it is big profit because BTC price is increased. So there is nog difference we see now. Later coming days if BTC price is started to go down means that time we may see any difference.
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Cresciuanto
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June 18, 2016, 10:24:44 PM |
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as the bitcoin is increasing the rate of gabling is also increasing. most of the people start taking interest in gambling.
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upsidedown75
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June 19, 2016, 07:37:55 AM |
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You know in these days Bitcoin is going up. So when bitcoin's price growing up than the users of bitcoins feel very exciting and So i want ask when Bitcoin going good than have any affect on Gambling? Is it Gambling also growing up?
Yes, obviously affect on gambling. For example before when price was low I can bet for $1 now bitcoin price increased I can bet for double like $2 my bitcoin still have same fraction but value increased and I can make profit double. I am pretty sure Gambling also growing up along with bitcoin price appreciations.
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adaseb
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June 19, 2016, 07:53:03 AM |
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Well its probably because whenever Bitcoin goes up in value, there are many new adopters. Kind of like what happened in April 2013 and Nov 2013. When Bitcoin becomes popular so does gambling.
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aranachristianjay
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June 19, 2016, 08:21:24 AM |
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You know in these days Bitcoin is going up. So when bitcoin's price growing up than the users of bitcoins feel very exciting and So i want ask when Bitcoin going good than have any affect on Gambling? Is it Gambling also growing up?
Yup it is also going up, try to think that you have a plentiful amount of reserved bitcoins for your gambling, and now the price is continuously going up, then the value of your bitcoins when it is converted to money also goes up, thus making more money run on the gambling sites, which also creates an effect on gambling.
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buddu
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June 19, 2016, 08:25:35 AM |
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Gambling will be played same way even if bitcoin reaches above 1k $.We should watch both sides of the matter.If Bitcoin will be expansive then winning amount also will have same value.So this price increase doesn't have any negative impact over gambling industry in my thinking.This can be caused of more gambling.
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newcripto
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June 19, 2016, 08:36:29 AM |
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Bitcoin's price is very important especially for new people who want to start Bitcoin using to gamble.It is impossible to not happen when price are lower and up anything on gambling.May be lesser bets will be placed in this period or lower bets will be noticed but circulated amount will remain same.
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maxhor
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June 19, 2016, 08:41:10 AM |
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Yes i am still placing bets after significantly rise of bitcoin price but good thing is that now i have to stake some little in bitcoin as compare with US Dollar, i think this will be more attractive for new players because they can play with little amount when they make comparison bet with $
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drwtsn32
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June 19, 2016, 09:47:29 AM |
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If I'm not mistaken, you are not allowed to post referral links here. Also, that site is one of the sites being suspected to be a ponzi scheme. You may want to read the policies first.
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