Will this boost Bitcoin?

[iv4n]

I think bitcoin is still sensitive, and good and bad news have influence on bitcoin price. I believe if some commission in UK say that bitcoin is equivalent with cash, that will contribute to people thinking about bitcoin. People relay on notifications from governments, I found this news very interesting, and I think this will help in promotion of bitcoins. Now people from UK and other close countries will have more trust in bitcoin gambling industry, and that is the point. They will start to use it, and they will spread it around, this is how bitcoin will grow. Gambling industry accumulate billions of dollars, and bitcoin can take a big part of that money.

[Doamader]

May be it will boost Bitcoin because the Gambling community is really big, so considering Bitcoin as real and full supported currency will encourage more people to learn about it and dealing with it

From what i had read looks like the companies now have to readjust their rules about gamble with bitcoin, soo they will require your information to let you keep gambling, something some exchanges were forced to ask id as the costumers mooves big ammount of bitcoin.

[Anon_7716]

May be it will boost Bitcoin because the Gambling community is really big, so considering Bitcoin as real and full supported currency will encourage more people to learn about it and dealing with it

From what i had read looks like the companies now have to readjust their rules about gamble with bitcoin, soo they will require your information to let you keep gambling, something some exchanges were forced to ask id as the costumers mooves big ammount of bitcoin.

I think it would make the value of bitcoin will disappear (ask for customer id), for bitcoin is something thing that anonymous and cannot be treated for it. If indeed the purpose of the requested ID is for logging for confirmation when they lost the wallet then it is I think a good move. But if they ask for ID for logging use of gambling then it's not a good thing

[krishna1]

i think bitcoin has a lot more potentiality and we should not waste it by misusing i mean i like gambling but i am not addicted i love hard work and saving my money so do most of the people

[Hazir]

May be it will boost Bitcoin because the Gambling community is really big, so considering Bitcoin as real and full supported currency will encourage more people to learn about it and dealing with it

From what i had read looks like the companies now have to readjust their rules about gamble with bitcoin, soo they will require your information to let you keep gambling, something some exchanges were forced to ask id as the costumers mooves big ammount of bitcoin.

I think it would make the value of bitcoin will disappear (ask for customer id), for bitcoin is something thing that anonymous and cannot be treated for it. If indeed the purpose of the requested ID is for logging for confirmation when they lost the wallet then it is I think a good move. But if they ask for ID for logging use of gambling then it's not a good thing

Don't worry even if that project will be approved in United Kingodm it will have only local character. Most of online casinos - if any at all are based or operates from UK.
We are still far away from approving international laws and regulation of Bitcoin gambling. And it could be years or decades until we will have to be cut up about it.

[JITENDERPAR3]

in my openion there will be both the effect , btc will became popular and also many people will not use it because of word,"gambling " use by UK gambking group . but overall use of btc can never be stop .

[noictib]

yes , absolutely this will incease the popularity and use of bitcoin . Since some people are saying it will cease the use of btc but i am not in favour of any of them .

[jacktheking]

To answer your question, I feel that this piece of good news will boost Bitcoin market. More people will know about Bitcoin and a large portion of it will start investing in Bitcoin. However, this piece of good news will also give Bitcoin (and other cryptocurrencies) a negative looks. Non tech-savvy and gambling-haters will look at Bitcoin as a form of gambling currency and try to avoid it.

[outatime1]

I think bitcoin is an easy way to fund gambling accounts, so I think gambling site are good for bitcoin. It's away to keep gambling anonymous on these sites.

[shinratensei_]

I think bitcoin is still sensitive, and good and bad news have influence on bitcoin price.

Bitcoin is not sensitive in my minds but good or bad news just giving an impact for the bitcoiners, because the main factor can make bitcoin is moving that is caused by their users or bitcoiners.

[fikihafana]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

I thing it won't help to boost bitcoin value, because only several peoples like gambling. If someone can create good marketplace/bitcoin shop it will boot it's value.

[danherbias07]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

But it is also a way for people to be encourage. Some cant stop gambling and it is not affordable for others when they do outside casino. In bitcoin they can use a little money to play some. It will depend on them if they want to leave after losing. But for me it is also good for bitcoin.

[Xenophoto]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Not 100% true. I used to gamble a lot using bitcoin, my only objective is to think of a script that will make a gambling site a money making site. Like a 100% sure win in the long run script. Sadly, I never had success in this and I started to lose my bitcoins and some people are talking about this forum. And so I joined this community. I didn't ditch Bitcoin just because I lost my money in gambling.

[Hirose UK]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

Nope. Every little thing that is related to gambling will never give you profit in a long time. Probably you can earn some profit through gambling, but it's only in a short term.

So it's bad idea to join gambling. It's not recommended. Just don't go with it before you regret.

[ethereumhunter]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

Nope. Every little thing that is related to gambling will never give you profit in a long time. Probably you can earn some profit through gambling, but it's only in a short term.

So it's bad idea to join gambling. It's not recommended. Just don't go with it before you regret.

i am agree with your opinion. i think that we need right now is agreement from government, include from big countries that have majority people which play bitcoin, beside that, we need store online that accepted bitcoin as their payment, very big store online like amazon so people which buy product from there can make curious about bitcoin and they wonder what is bitcoin.

this will help to boost bitcoin and this will make bitcoin become popular than now.

[BTCLovingDude]

"UK Gambling Commission Views Bitcoin as Cash Equivalent"

https://cointelegraph.com/news/uk-gambling-commission-views-bitcoin-as-cash-equivalent

this is kind of a good news and a good news always helps bitcoin but i don't think this is a big effect. because gambling in general, especially online gambling is not so popular in the world so considering it with bitcoin will have small effect.

[pokemanvanish]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Well, more than 50% of the total transaction volume of Bitcoin is gambling related. That's a fact we can't deny. But yes, I also agree with you that Bitcoin is more than a tool for this purpose. Will people leave that lose all their coins with gambling? Maybe, but sooner or later they will come back as Bitcoin stays in their system. They just need to make sure they stay far away from gambling.

Yes, gambling and dark markets are boosting bitcoin business, if big casinos accept bitcoin deposit/withdraw, I am sure bitcoin will go to 2000 usd.

[Yakamoto]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Well, more than 50% of the total transaction volume of Bitcoin is gambling related. That's a fact we can't deny. But yes, I also agree with you that Bitcoin is more than a tool for this purpose. Will people leave that lose all their coins with gambling? Maybe, but sooner or later they will come back as Bitcoin stays in their system. They just need to make sure they stay far away from gambling.

Yes, gambling and dark markets are boosting bitcoin business, if big casinos accept bitcoin deposit/withdraw, I am sure bitcoin will go to 2000 usd.

Big casinos probably wouldn't boost the price all that much to be honest, not everyone is interested in gambling their Bitcoin, however it is possible that it might get the market moving a bit if there are some people that want to be gambling more discreetly. Plus big casinos beginning to accept it would just result in more legislation and laws for bitcoin sooner rather than later, now that it would be in a pretty big industry.

[pooya87]

I don't believe that Gambling helps Bitcoin in anyway , If someone joins the bitcoin community just for gambling then sooner or later he will lose everything and probably leave the community.
People should see Bitcoin from another perspective and not only as a gambling or a Darknet tool.

Well, more than 50% of the total transaction volume of Bitcoin is gambling related. That's a fact we can't deny. But yes, I also agree with you that Bitcoin is more than a tool for this purpose. Will people leave that lose all their coins with gambling? Maybe, but sooner or later they will come back as Bitcoin stays in their system. They just need to make sure they stay far away from gambling.

Yes, gambling and dark markets are boosting bitcoin business, if big casinos accept bitcoin deposit/withdraw, I am sure bitcoin will go to 2000 usd.

i agree that a large portion of the transactions are from the gambling sites but most of it is spam too and the amount of those transactions is not that big either so you can't really make a conclusion based on lots of small transactions that these casinos make.

[lionheart78]

I think bitcoin is still sensitive, and good and bad news have influence on bitcoin price. I believe if some commission in UK say that bitcoin is equivalent with cash, that will contribute to people thinking about bitcoin. People relay on notifications from governments, I found this news very interesting, and I think this will help in promotion of bitcoins. Now people from UK and other close countries will have more trust in bitcoin gambling industry, and that is the point. They will start to use it, and they will spread it around, this is how bitcoin will grow. Gambling industry accumulate billions of dollars, and bitcoin can take a big part of that money.

It's true that bitcoin is very sensitive and react to any news very well.  Whether it is bad press of good press, bitcoin price dance with it.  And well I think this will encourage people from this country to use bitcoin as form of currrency and not as a stock in the stockmarket.  This will also promote the usage of bitcoin as currency and not some form of investment.  All in all i think this announcement will have  a positive effect.