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Author Topic: 5 Reasons Why Online Gamblers Should Use Bitcoin  (Read 616 times)
Chronobank (OP)
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October 10, 2016, 10:39:08 PM
 #1

Over the past few years, bitcoin has become popular among online gambling platforms. While some may argue that gambling operators have turned to bitcoin to make it easier to partake in illegal or unsavory activities, the fact is that online gambling is a thriving, legal and legitimate business.

Read more - http://bitcoinist.net/5-reasons-bitcoin-online-gambling/


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October 10, 2016, 11:10:08 PM
 #2

Hell yes.  And gamblers have quite obviously flocked to bitcoin.  Just look at the gambling section and look at how well the online casinos are doing.  I'm not a huge gambler myself, but I can certainly see the appeal of bitcoin and its utility.  The anonymity is a great thing, too, unless you're getting your coins on Coinbase or Circle.  They'll dump your ass faster than you can blink if you move what you buy to a gambling site.

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October 10, 2016, 11:55:38 PM
 #3

Gambler gets many benefits of using bitcoin almost everyone knows it, deposit / withdrawal easier, without identity and more
If the gamblers out there know about bitcoin maybe they will join us here to gamble with bitcoin
just information, bitcoin is the second largest transaction in gambling, The first is trade.

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October 11, 2016, 12:15:01 AM
 #4

Point showed of author of that article is totally obvious for every bitcoiner already, but it might be a news to people who still don't know what Bitcoin really is.

I wish this type of article would appear on gambling portal/news site/general media news agency not associated with digital currency.
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October 11, 2016, 02:02:15 AM
 #5

Over the past few years, bitcoin has become popular among online gambling platforms. While some may argue that gambling operators have turned to bitcoin to make it easier to partake in illegal or unsavory activities, the fact is that online gambling is a thriving, legal and legitimate business.

Read more - http://bitcoinist.net/5-reasons-bitcoin-online-gambling/



Yes this is it. Because it is easy to transact anywhere because block chain transaction. It is cannot be detected by some banks when it is on the online in case that you convert into your currency which the banks will be detected. More and more it cannot be detected by FBI that is why it is uses sometimes in illegal transaction.
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October 11, 2016, 04:37:22 AM
 #6

And with using bitcoins on playing gambling, it will make playing gambling more be easy, fast and can be done,anytime, anywhere especially gambling websites that supports on smartphone devices.
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October 11, 2016, 05:06:09 AM
 #7

Read more - http://bitcoinist.net/5-reasons-bitcoin-online-gambling/

Privacy
Security
Instant Payments
Optimized for Online Gaming
Cost-Effective

Those good point why someone should use bitcoin for gambling online. But there are dis advantages on the part of gambler, we can't play on sites without trusting the site owner. And irreversible state of bitcoin is an advantage and also disadvantage in some cases.

Since bitcoin is anonymous we need not worry about legality of gambling in the state we reside.
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October 11, 2016, 06:11:00 AM
 #8

The last thing I want is for people to actually know where my gambling profits are coming from, so of course bitcoin is a great solution to the identity problem. However, I do doubt the anonymity of bitcoin.

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October 11, 2016, 06:46:15 AM
 #9

Bitcoin gambling has many advantages over fiat gambling and I'm sure it will pick up more in the coming years.

Especially for countries where gamblign is illegal, and where it is difficult to transfer fiat money to online casinos, bitcoin can really "help" them to be able to gamble. And also the deposits and withdrawels will be much easier for them and everybody in general. No waiting for days, a few hours later you can have control over your coins.
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October 11, 2016, 07:53:38 AM
 #10

Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.

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October 11, 2016, 12:28:57 PM
 #11

Online gambling is gaining popularity, that is obvious. Bitcoin gambling can give many players exactly what they wish, anonymity, fast access,
and we can gamble from our mobile phones.
I agree with reasons in article, "bitcoin was born on the Internet and was made especially for online use", and this is why I also believe that
bitcoin can dominate on online gambling scene. For sure not just for that, but that will be one of the things that people will spend most bitcoins.



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October 11, 2016, 12:38:12 PM
 #12

Online gambling is gaining popularity, that is obvious. Bitcoin gambling can give many players exactly what they wish, anonymity, fast access,
and we can gamble from our mobile phones.
I agree with reasons in article, "bitcoin was born on the Internet and was made especially for online use", and this is why I also believe that
bitcoin can dominate on online gambling scene. For sure not just for that, but that will be one of the things that people will spend most bitcoins.


Agree with this,  bitcoins  accesibility and  fast treansactions are its  edge  compared to other  payment methods  or  deposit methods. And people  like  this  kind of  convenience which they would  like  to use bitcoin on gambling as you said  people  would spend  most  bitcoins. Being anonymous is one  of the  most important feature especially to those  gamblers  which gambling is  prohibited on their country. They could able  to play without  risking  its identity.

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October 11, 2016, 01:28:08 PM
 #13

Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.
Yes, Gambling is not the only industry to get benefited with bitcoin system. Wherever there is a requirement of most of flexible and easily adaptable payment system, then bitcoin be the solution for those industries.
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October 11, 2016, 01:47:32 PM
 #14

Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.
Yes, Gambling is not the only industry to get benefited with bitcoin system. Wherever there is a requirement of most of flexible and easily adaptable payment system, then bitcoin be the solution for those industries.

Yep. Trading is a whole new world for gambling. And you can actually earn big from it. While it may feel the same as gambling. But atleast you are much more in control than flat out games based on luck and chances.

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October 11, 2016, 01:56:26 PM
 #15

In my opinion gambling has been great for bitcoin with bitcoin gambling becoming extremely popular because of its anonymity, its accessibility, quick deposit and low transaction fees.
I think in the future bitcoin will become commonplace in the greater internet gambling scene, there are just so many advantages over traditional internet gambling.
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October 11, 2016, 02:01:50 PM
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Whereas, other industries were worrying about adopting bitcoin payments, gambling sites has come up with bitcoin payments and certainly enjoying its benefits. Hopefully, gambling industry are setting examples for advantages of adopting bitcoin payment so that other industries will follow.
Yes, Gambling is not the only industry to get benefited with bitcoin system. Wherever there is a requirement of most of flexible and easily adaptable payment system, then bitcoin be the solution for those industries.
Without any doubt, gambling industry will find their new peaks with bitcoin payment system. Because gambling sites can provide many benefits to their gamblers by having the payment processor like bitcoin.

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October 11, 2016, 02:07:58 PM
 #17

I think those who already are using bitcoin for online gambling purposes went for this because of these factors what are told in this article. This is good for new people and will be helpful a lot to understand and looking online gambling by these perspectives. I started online gambling with Bitcoin because of these elements long time ago.
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October 11, 2016, 02:11:31 PM
 #18

The reasons why gamblers use bitcoin is anonymous its safe for who's get ban from their country, if their country not allow gambling
Low fees, other payment processor will ask bigger fees than bitcoin
bitcoin can be used for around the world
bitcoin easy to purchased also easy to trade
and the last is bitcoin very easy to use
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October 11, 2016, 02:58:25 PM
 #19

i do agree with those things that using bitcoin for online gambling is more benefit than other payment method because i have been gamble using other payment processor such as webmoney or perfectmoney but that was not too secure or effective and with bitcoin i did gamble with more comfortable because such as those sites says instant payment or more privacy however bitcoin casinos also who indirectly has made bitcoin more popular currently
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October 11, 2016, 03:48:02 PM
 #20

Hell yeah bitcoin is every where and bitcoin can hide privacy for those users and bitcoin has no fee's when you are entering in bitcoin gambling well there are chance that you are loosing bitcoin but investors are choosing bitcoin not to trade not to use for business but to gambled they can easily earn money on this.

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