Why Is Bitcoin Gambling Industry So Successful in the World?

[npredtorch]

Bitcoin gambling is so successful because of it's characteristic of being accessible to any person in the world with only using a device + internet. It's also by far the easiest way to place a bet on any game that you would want. With just about two clicks, you can quickly bet on a dice and also instanly be notified on the result of the game. Bitcoin had made a very big impact on the world of gambling.

[youdacapt]

Bitcoin gambling is so successful because of it's characteristic of being accessible to any person in the world with only using a device + internet. It's also by far the easiest way to place a bet on any game that you would want. With just about two clicks, you can quickly bet on a dice and also instanly be notified on the result of the game. Bitcoin had made a very big impact on the world of gambling.

Internet + quick transaction + easy navigate. Your comment is actually no different from the use of fiat in gambling industry, everyone prefers anonymous points so that their personal data is not visible, so they can be comfortable in the game. Gambling industry is becoming successful because it turns out the users are much larger and on average have more than one account without being noticed by anyone.

[Oralmat]

Because everyone loves to gamble even bitcoin is not that famous people is using fiat to do gambling but then since bitcoin introduce to our community they starting to use bitcoin then. That's the reason why gambling is successful to our world they love gambling.

Definitely i vote for bitcoin, because of bitcoin online gambling industry is going to successful in this world. Our past, it is a proof before bitcoin only few people know about online gambling and play it, and also only few numbers of online gambling sites are working on internet. But now online gambling sites are increasing, because people want to play bitcoin gambling and earn and win in bitcoin.

[bohr]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

[Lauren Smith]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.

[iluvbitcoins]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.

It especially provides the ability to do so without being heavily taxed and on paying large fees for simple gambling actions.
In some countries gambling is illegal so bitcoin is a freedom tool there too

[JofryTheKing]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.

It seems to me that the online casino is now very much interacting with players holders of crypto currency. I Few believe that such casinos work for simple money and the fact is that Bitcoin is their main goal and earnings.

[iluvbitcoins]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.

It seems to me that the online casino is now very much interacting with players holders of crypto currency. I Few believe that such casinos work for simple money and the fact is that Bitcoin is their main goal and earnings.

I don't think so

They probably are bitcoin enthusiasts since their casino is a crypto casino

But I highly doubt the purpose of their casinos is to promote crypto rather than earning crypto

[bajing]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.

I'm not agree with you if the people will choose to gamble with bitcoin because they can bet with very low amounts because ,any gambling gambling sites have lowered the minimum bet to attract players on their site and IMO only one a reason people choose to gamble with bitcoins because they do not have to verify their account.

[mrcash02]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.

I'm not agree with you if the people will choose to gamble with bitcoin because they can bet with very low amounts because ,any gambling gambling sites have lowered the minimum bet to attract players on their site and IMO only one a reason people choose to gamble with bitcoins because they do not have to verify their account.

The possibility to bet since very low amounts like 1 satoshis is a good advantage when gambling with Bitcoins, but real gamblers (not people gambling with few thousands of satoshis) don't matter very much to start betting high, they have big bankrolls, they come to the game to make real profit. So I think the success of this business comes principally from the anonymity Crypto Currency offers, because many countries forbid their people to gamble, so this is the only option they have to do it.

[gabmen]

Bitcoin casinos are very successful because they identified a niche in the market they could exploit, they could bring their services to players that did not wanted to reveal their identities or to deposit with their credit cards also you can play in the bitcoin casinos with amounts of money that are very low compared to fiat casinos.

Also it's basic human instinct to want more and be rich. People love to gamble and Bitcoin make it easier. It eliminates the need for credit card or bank transfer. It's also nice because you can play with very low amounts as well.

I'm not agree with you if the people will choose to gamble with bitcoin because they can bet with very low amounts because ,any gambling gambling sites have lowered the minimum bet to attract players on their site and IMO only one a reason people choose to gamble with bitcoins because they do not have to verify their account.

The possibility to bet since very low amounts like 1 satoshis is a good advantage when gambling with Bitcoins, but real gamblers (not people gambling with few thousands of satoshis) don't matter very much to start betting high, they have big bankrolls, they come to the game to make real profit. So I think the success of this business comes principally from the anonymity Crypto Currency offers, because many countries forbid their people to gamble, so this is the only option they have to do it.

do any casinos allow bets as low as 1sat? I think there's a minimum bet for pretty much all bitcoin casinos here and 1 sat won't hit that requirement. and I agree that the anonymity of bitcoin gives gamblers more sense of security in their accounts compared to the normal online gambling set up.

[tyz]

Totally agree. There is only one point to add. There is also no verification of age. Many states require to verify the age of gamblers.

The disadvantage of this is that the hurdle to become addicted is very low.

Another point is that there are now also organizations that use online gaming for money laundering.

Bitcoin gambling is so successful because of it's characteristic of being accessible to any person in the world with only using a device + internet. It's also by far the easiest way to place a bet on any game that you would want. With just about two clicks, you can quickly bet on a dice and also instanly be notified on the result of the game. Bitcoin had made a very big impact on the world of gambling.

[eann014]

It is actually because of bitcoin, gambling online is nothing when it is not because of bitcoin, because as of today bitcoin has a really good feedback and it is really because of its value that is continue increasing, when bitcoin started a lot of non-gamblers became gamblers because of it they they really want to earn more.

[Cazkys]

What I noticed in Bitcoin gambling is that a lot of people play it, and yes since a lot of people play it it will then be a success. Mostly at first since some of the players only gamble digital currencies that they obtained online it doesn’t strain their real budget. Also since online gambling using cryptocurrencies are not subjected to any tax because there's no law yet prohibiting and taxing cryptocurrencies. No tax more income and people can play online without anyone knowing who they are.

[PokerBetting]

i think if compare market gambling industry use fiat money still big use fiat money
you can see in bet365, bwin, williamhill and more, with gambling can sponsorship big football club, football league in europa, MotoGp and more

about much people interest bitcoin gambling because without verified anoymous, instant payment and easy play

[ardentvolcanoes]

I think it's because majority of the players/gamblers are into it's convenience they no longer need to travel just to go to a casino sites. So instead of going somewhere just to gamble.. all they have to do is to go via internet to gamble.

[chris200x9]

What I noticed in Bitcoin gambling is that a lot of people play it, and yes since a lot of people play it it will then be a success. Mostly at first since some of the players only gamble digital currencies that they obtained online it doesn’t strain their real budget. Also since online gambling using cryptocurrencies are not subjected to any tax because there's no law yet prohibiting and taxing cryptocurrencies. No tax more income and people can play online without anyone knowing who they are.

This will completely hide our identity that is why people will prefer bitcoin gambling sites. And once we deposited bitcoins we can play n number of games with that money, and we can transfer that coins to other sites also with very less fee. this is userfriendly currency this kind of facilities we will not get in fiat gambling sites. That is why the bitcoin gambling sites are very famous in all over the world.

[DeathAngel]

The gambling industry is so successful because the average man doesn't earn a lot of money. Gambling gives you the chance to win money so it's that simple really.

[rizkyhiw]

i think if compare market gambling industry use fiat money still big use fiat money
you can see in bet365, bwin, williamhill and more, with gambling can sponsorship big football club, football league in europa, MotoGp and more

about much people interest bitcoin gambling because without verified anoymous, instant payment and easy play

Of course lol , considering hey have operated the business since long time ago ,
Where bitcoin itself just get started 5 years ago or so ,
But if you take a look to the growth of bitcoin gambling activity , it has bigger percentage ,
Sooner or later it could become the biggest thing on the internet , yes it is bitcoin and gambling phenomenon.

[Cereberus]

Gambling is one of the industries which is supporting bitcoin the most. The reason is simple. With Bitcoin anyone can play from everywhere and have no restrictions. Governments have blocked some gambling websites in many countries but I don't know any bitcoin sports book blocked by governments until now. Same with bitcoin casinos. Even a 14 year old can play gambling with bitcoin as long as he has internet access and knows how to create a bitcoin wallet. You can't do this with FIAT gambling websites.