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Author Topic: Will halving affect gambling sites ?  (Read 1445 times)
crairezx20
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June 30, 2016, 10:26:32 AM
#21

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?

I think this is the wrong idea  Cheesy gambling site owners benefit every day so what is their reason for scam ?
They will continue to benefit every day if they commit fraud means that they miss the opportunity to earn greater profits in the future
Now I ask you:
What  your options  get $ 100,000 now or $ 10 per day
Yeah your right its impossible to think that because they are earning daily without price increase or decrease.. if the price is increase and high they are making a lot of money but i think they will not sell those bitcoin in their pocket because they will still use it for their business..

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June 30, 2016, 10:48:16 AM
#22

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?

I think this is the wrong idea  Cheesy gambling site owners benefit every day so what is their reason for scam ?
They will continue to benefit every day if they commit fraud means that they miss the opportunity to earn greater profits in the future
Now I ask you:
What  your options  get $ 100,000 now or $ 10 per day
Yeah your right its impossible to think that because they are earning daily without price increase or decrease.. if the price is increase and high they are making a lot of money but i think they will not sell those bitcoin in their pocket because they will still use it for their business..

Well that's what I mean bitcoin will continue to be used to pay the player wins I'm sure the site owners benefit every day
unless a new site is being held promotions the majority of them will lose money in the beginning and it was a natural thing





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June 30, 2016, 10:52:16 AM
#23

The only way I could see it affecting them is lowering the chip amount. So let's say BTC hits $5k they might make 1 chip .0001 BTC instead of .001 to off set the cost to the gambler.

Other than that I can't think of anything that also wouldn't affect everyother site.

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June 30, 2016, 10:59:14 AM
#24

I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
It will affected to bitcoin gambling world, but nor directly.
With the halving day coming and push the bitcoin price it can make more businessman interested to build a new casino.
And sure they build a casino to earn bitcoin that increases during and after halving day.
If bitcoin price increases, the average betted amount should decrease. People still depend on their day to day jobs so they will bet according to Bitcoin price.
But still some people did not realize between bet 1 mbtc worth 0.5 USD and bet 1mbtc worth 0.65 USD  .
People will keep betting 1mbtc instead decreased to 0.8 mbtc right?
And it is gonna be casino advantage in that gaps, if you think to it and have money enough to build a casino you will do it , it is an opportunity.

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June 30, 2016, 11:02:50 AM
#25

I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
It will affected to bitcoin gambling world, but nor directly.
With the halving day coming and push the bitcoin price it can make more businessman interested to build a new casino.
And sure they build a casino to earn bitcoin that increases during and after halving day.
If bitcoin price increases, the average betted amount should decrease. People still depend on their day to day jobs so they will bet according to Bitcoin price.
But still some people did not realize between bet 1 mbtc worth 0.5 USD and bet 1mbtc worth 0.65 USD  .
People will keep betting 1mbtc instead decreased to 0.8 mbtc right?
And it is gonna be casino advantage in that gaps, if you think to it and have money enough to build a casino you will do it , it is an opportunity.
I think only rich/addicted gambler who would do that, regular gamblers might think twice before gambling.
But, don't forget that the player also could earn more profit if they win.

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June 30, 2016, 11:07:10 AM
#26

halving is going to affect gambling site, when bitcoin price is high people who play gamble for fun is going to think twice before gambling using bitcoin, and then the stake of the gambling is going to be high because normally we used fiat as a comparison in bitcoin

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June 30, 2016, 11:08:45 AM
#27

I think the halving will not affect the gambling sites and the price of bitcoin also will not affect the gambling sites. Because halving and gambling is different thing.
It will affected to bitcoin gambling world, but nor directly.
With the halving day coming and push the bitcoin price it can make more businessman interested to build a new casino.
And sure they build a casino to earn bitcoin that increases during and after halving day.
If bitcoin price increases, the average betted amount should decrease. People still depend on their day to day jobs so they will bet according to Bitcoin price.
But still some people did not realize between bet 1 mbtc worth 0.5 USD and bet 1mbtc worth 0.65 USD  .
People will keep betting 1mbtc instead decreased to 0.8 mbtc right?
And it is gonna be casino advantage in that gaps, if you think to it and have money enough to build a casino you will do it , it is an opportunity.
I think only rich/addicted gambler who would do that, regular gamblers might think twice before gambling.
But, don't forget that the player also could earn more profit if they win.
Yeah right they think twice for now the price of bitcoin is very high and i think they are now thinking about the price of bitcoin because of block halving.. and i think instead of gamble their bitcoin they wait for block halving if what will happen for the price of bitcoin after block halving..


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June 30, 2016, 11:49:39 AM
#28

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?

they may not turn into scam but they will take a big hit if the bitcoin price goes higher.

because just as they reduce the payment for their signature campaign , users will also make smaller bets and many will even quit gambling because their earning is reduced too.














 

 

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June 30, 2016, 11:54:32 AM
#29

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
Halving does not directly affects someone or anyone besides the miners. Why would it affect the gambling sites which offers big winnings?
maybe owners can get greedy and run away with gamblers money ? this happens most of the time with some sites. i heard it somewhere outside this forum that gambling site owners get greedy with the price increase and then they run away.

This might happen if you are already using some shady site, but I seriously doubt that any of the reputable well known sites would do something like this.  They are in it for the long haul, they are already designed to make them money.  They would make a lot more money in the long run if they continue running honestly rather than running off with chump change.
It happened with other small gambling websites and hence I don't keep my money with these sites for even more than a week. I used to gamble on betcoin.tm and they just wiped off my money without giving any reason. Even the jackpots are fake of some gambling sites. Halving may only affect the price but if we are using sites without a license or government approved, they can choose to swindle gamblers at any point of time.
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June 30, 2016, 12:16:33 PM
#30

No,halving should not have any negative affect over gambling industry as the ratio of winning in value remain same.Bitcoin has reached to new floor in comparison where it was few weeks ago.Bitcoin is of ease and to ensure maximum privacy with access to more games.It will keep dominating the online gambling industry regardless of the prices.
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June 30, 2016, 12:18:06 PM
#31

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
Halving does not directly affects someone or anyone besides the miners. Why would it affect the gambling sites which offers big winnings?
maybe owners can get greedy and run away with gamblers money ? this happens most of the time with some sites. i heard it somewhere outside this forum that gambling site owners get greedy with the price increase and then they run away.

This might happen if you are already using some shady site, but I seriously doubt that any of the reputable well known sites would do something like this.  They are in it for the long haul, they are already designed to make them money.  They would make a lot more money in the long run if they continue running honestly rather than running off with chump change.

I agree. To build up a good reputation is not an easy thing to do. Now they did it and that's why they are making money with their sites. If they want to stop what they are doing and "run away" with money they can just sell their sites instead of robbing people who have trusted them.

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June 30, 2016, 12:21:57 PM
#32

I also think block halving would not leave any negative impact on gambling site because some gambling sites are doing very honest job and providing legit services, when they already making a lot of profit than why should they will run with gamblers money and i am pretty sure they will continue with the same way.
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June 30, 2016, 12:52:08 PM
#33

I have my opinion by saying that halving of block will have very good impact on gambling sites business.There are many people still having Bitcoins bought or won on old prices.The more price reaches higher the more it will be good for sites owners.People always have eyes on the reward/winning amount when they start to gamble on any place.It will effect gambling sites but in positive mode not in bad way.
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June 30, 2016, 12:53:55 PM
#34

From my opinion, it will not affect Gambling sites or any other site, But will defenitly affect the cloud-mining.
As their reward will be halved, they will not be able to cover up the prices they spent on miners.
It is directly 50% loss for miners.

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June 30, 2016, 01:01:29 PM
#35

From my point of view there is no reason why halving will get affect on gambling because they house edge to make profit there than we don't need to be worry about it, only cloud mining sites have some risk there so that gambling will be running smoothly after this.
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June 30, 2016, 01:03:26 PM
#36

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?

In my opinion gambling isn't that kind of websites (websites that promise 2x or 3x on 24hours or 101 hours are scam and don't need halving to disappear, they disappear when they have its target of bitcoins stolen).
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June 30, 2016, 01:06:49 PM
#37

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
I can give a statement if the halving will not give an effect for gambling site because it's only changed on a rate. And all continue as usual but maybe their customer or users will increase because the effect of halving they can get a more profit if they want to exchange their profit on bitcoin form into fiat currency or local money. I sure they will not turn into a scam.

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newcripto
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June 30, 2016, 01:07:50 PM
#38

Gambling sites have house which always win if players win or loose.Bitcoin halving will not make them any loss.People still are crazy to make quickly and fastest money without effort.Bitcoin price is not very high that it should have any effect.It Bitcoin's price will reach much higher then too people see value always in fiat which will remain same with difference in conversion ratio.
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June 30, 2016, 03:47:00 PM
#39

we are pretty near into the halving and might be the prices more increase than the current prices but i guess the gamblers would not care about the halving and even the prices will so high i think they will still gambling as usual and gambling online still will be visited by a lot of active players

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gexcrypto
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escrowboy
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June 30, 2016, 04:30:59 PM
#40

How will bitcoin price after halving affect gambling websites that offer 2X and also 3X returns ? will they also turn into a scam ? what is your opinion ?
Not really since most of gambling sites we have is using bitcoin currency to bet and will just affect the gambling sites if they decided to use USD as their form of betting but that will not happen since they are supporting bitcoin.
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