Why Is Bitcoin Gambling Industry So Successful in the World?

[Shinpako09]

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

[Janation]

Because its completely anonymous... coins like XMR are untraceable and they are the future for gambling

It is not that completely anonymous. You can be still known but it is hard. I think what gamblers like about bitcoin, is that it has a small amount, but has a bigger value. I think it is better to bet a .1 than a $100, if you ask me, I will be having second thoughts about it.

[gabmen]

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

indeed. compared to the conventional way of gambling, you're not going to be exposed as you nver have to input any information. for the that's the number one reason why bitcoin gambling is getting so much support. it's easier tonuse as well but the security and anonymity is the main reason why more and more people would prefer bitcoin gambling

[Cazkys]

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

indeed. compared to the conventional way of gambling, you're not going to be exposed as you nver have to input any information. for the that's the number one reason why bitcoin gambling is getting so much support. it's easier tonuse as well but the security and anonymity is the main reason why more and more people would prefer bitcoin gambling

In general anonymity of you identity is a special feature of cryptography. Your only identity is the code generated by the unique address that comes from a super random sequence created by hash functions.  So everything we do does not really require any identity unless offcourse if you want it to convert to fiat because it really needs it but people wont know that u are this guy gambling and losing many bets.

[Patatas]

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

Haha you must be joking.
You can do all that until you win and request a withdrawal,if you do,you'd have to submit all the proofs of your origin and your age.To which they will look for ways to ban your account for violating their terms and conditions which didn't exist before you started playing there.Unless ofcourse you're playing on a reputed gambling site.

[naidray]

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

indeed. compared to the conventional way of gambling, you're not going to be exposed as you nver have to input any information. for the that's the number one reason why bitcoin gambling is getting so much support. it's easier tonuse as well but the security and anonymity is the main reason why more and more people would prefer bitcoin gambling

Other than the benefits and advantages of bitcoin payment system, I do believe this forum might be playing very big role for making bitcoin based gambling industry a grand success. When a gambling site maintains their reputation here in this forum, the users of this forum simply getting attracted to that gambling house. So bringing new gamblers into business is not a big challenge for bitcoin based gambling houses.

That is the reason there are many gambling sites are continuously running their signature campaign here so that they keep on attracting new gamblers and staying competitive in their industry.

[hatshepsut93]

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

I doubt that there is any significant amount of underage gamblers who visit Bitcoin casinos, because were would those kids get money in the first place? You can see many gamblers wager hundreds and thousands of USD worth in Bitcoin, it's not realistic for kids to have this kind of money without job. In my opinion Bitcoin gambling is so popular because it's very convenient for players - low house edges, fast, simple, no bullshit taxes and regulations, provably fair.

[Angel777]

Bitcoin Industry now is successfull in the world because bitcoin was promoted to all countries.
Bitcoin now is easy to use in any transactoin,and people are longing to bitcoin.
Sooner bitcoin will be one of the strongest coin to control the world.

[Barcode_]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

[clickerz]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

I think so, because people are playing comfortably in their comfort zone and also some are doing it for entertainment also. Also very convenient at home, at it is very confidential if you do in your room alone.You can can out in your room as if nothing happen.

[dunfida]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

and thats possible because of bitcoin and we should really give thanks to its existence and the main reason why gambling industry is booming up already and seeing on the current number of gambling sites as of now we can really see the difference.

[lienfaye]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

Exactly, its easy to access their site without any personal information required regardless of your age. you will remain anonymous as you play i think that is one of the few reason why it became successful.

[megynacuna]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

Exactly, its easy to access their site without any personal information required regardless of your age. you will remain anonymous as you play i think that is one of the few reason why it became successful.

I agree with you but there are fiat currency gambling websites with similar situations and so I don't think it's exclusively due to the fact that you'll be completely anonymous but then you'll be able to increase your investments in Bitcoin without necessarily going through the exchanges.

[raven7886]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money  

Exactly, its easy to access their site without any personal information required regardless of your age. you will remain anonymous as you play i think that is one of the few reason why it became successful.

I agree with you but there are fiat currency gambling websites with similar situations and so I don't think it's exclusively due to the fact that you'll be completely anonymous but then you'll be able to increase your investments in Bitcoin without necessarily going through the exchanges.

But to deal in fiat, gambling houses might need government approval and linking bank accounts which might lead to continuous auditing and facing legal issues whereas bitcoin based gambling does not need any approval nor any linking with banks.

So, 100% hassle free for gambling houses to focus on their business rather than struggling with regulations.

[moviebuff777]

I've just read an interesting article about popularity of Bitcoin gambling. The article identifies six reason why Bitcoin gambling is that successful. Bitcoin casinos started being successful in 2012. The 1st​ most successful casino was Satoshi Dice,​ which is a simple site that offers gamblers access to various dice rolling games. This surprising success sets precedent for the gambling industry. Full Article

It's successful because online gambling with bitcoin is basically anonymous. It's very easy to fund an account as long as you already have some bitcoins or altcoins.

[tabas]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

Probably this is the reason why everyone loves to do bitcoin gambling. Because before there is an online gambling already but it was just upgrade into bitcoin gambling for the adoption of bitcoin. And it became successful, it doesn't require some registration (for some) and there's no need to show proof of identity.

[Ziskinberg]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

Probably this is the reason why everyone loves to do bitcoin gambling. Because before there is an online gambling already but it was just upgrade into bitcoin gambling for the adoption of bitcoin. And it became successful, it doesn't require some registration (for some) and there's no need to show proof of identity.

With that, gambling is very fast for you but it poses some risk because there is no KYC involve where you cannot go after with your money if anything happen to a site. However, that is not a problem nowadays, with bitcoin gambling we are able to diversify our bets or even investments with different gambling sites, it will not eliminate the risk but will minimize it.

[Skarner21]

Because everyone could play it online from the comfort of staying at home, and also players could just play it anywhere as long they have internet connection. And most importantly, players can remain anonymous just by setting up a username and don't need to provide any identity verification to withdraw the money 

Probably this is the reason why everyone loves to do bitcoin gambling. Because before there is an online gambling already but it was just upgrade into bitcoin gambling for the adoption of bitcoin. And it became successful, it doesn't require some registration (for some) and there's no need to show proof of identity.

I think many other reason why they are was successful in bitcoin gambling.. its because of there are countries that gambling was illegal bitcoin is perfect alternative to gamble online so that is why i think they are successful and bitcoin was increase value too that i think that can sustain their business for a long time.. If those business are here in my country i think you already a millionare..

[ASHLIUSZ]

Always easy earning attracts users in a simple manner. So gambling industry being successful is not a big thing and the bitcoin usage into gambling make it more easy to use. Now a major percentage of bitcoin circulation takes place through the gambling​industry.

[cpfreeplz]

You can play anytime and how much you want to play without revealing your true identity. You can play regarding what your age is as long as you understand the game. Tho playing 18 below is not allowed they wouldn't know as long as you wouldn't tell them.

Omg if a minor wins big and they request ID they just shot themselves in the foot because they let someone underage play at their casino. I wonder how that would pan out.