Why Is Bitcoin Gambling Industry So Successful in the World?

[Oralmat]

I believe there is a few reasons Bitcoin gaming is thriving.

1. For USA Residents you can't gamble unless you are 21 but it is legal online at 18 years old (I think)
2. Some people just would never leave the house unless they had to so many people are able to play from home that couldn't otherwise play
3. It's easier to access in a secretive way (yes we have all been there)
4. You can bet in microscopic amounts with satoshis.  That's called cheapskate. Oops, I mean frugal. 

I am agree with your all points, but i think you forget one point that people want to earn bitcoin, than they consider that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. But i agree with your all points, in USA, mostly people are gambler and they are teenagers, and half of those gambler, who don't want to left the home and earn money at home. So bitcoin online gambling  suit them very nicely.

[poplolnman]

Simple. Bitcoin gambling is a lot safer due to it's anonymity and players are attracted to that. It's also a lot easier to deposit/ withdraw your capital and winnings. I think bitcoin and gambling are made for each other considering the features btc has.

I agree, it made access to gambling very easy and possible even though the country has an illegal stance for gambling.  With a simple use of VPN you are legally playing gambling.  And there is no way of knowing your location unless you declare it since depost and withdrawal does not require your bank with full name and location in it.

You are right, bitcoin made access to gambling very easy, It's a good combination when we talk about playing gamble for people who under 18 years old or maybe in some country which they are a restriction about gambling sites.

it's sounds like bitcoin gambling sites support an under age player  , a bad impact instead a good thing. bitcoin really wild and hard to regulated makes a lot of government angry and worry about that facts. but let's don't forget about the good sides . your personal information secured with bitcoin as you don't have to provide anything to make withdrawal/deposit/create an account. that's make people really love to gamble with bitcoin.

[chris200x9]

Simple. Bitcoin gambling is a lot safer due to it's anonymity and players are attracted to that. It's also a lot easier to deposit/ withdraw your capital and winnings. I think bitcoin and gambling are made for each other considering the features btc has.

I agree, it made access to gambling very easy and possible even though the country has an illegal stance for gambling.  With a simple use of VPN you are legally playing gambling.  And there is no way of knowing your location unless you declare it since depost and withdrawal does not require your bank with full name and location in it.

You are right, bitcoin made access to gambling very easy, It's a good combination when we talk about playing gamble for people who under 18 years old or maybe in some country which they are a restriction about gambling sites.

it's sounds like bitcoin gambling sites support an under age player  , a bad impact instead a good thing. bitcoin really wild and hard to regulated makes a lot of government angry and worry about that facts. but let's don't forget about the good sides . your personal information secured with bitcoin as you don't have to provide anything to make withdrawal/deposit/create an account. that's make people really love to gamble with bitcoin.

Only, for this reason, people like to play gambling with Bitcoin. If we want to give our information to play gambling means people will not entertain this currency. And why the BTC gambling industry is so successful means here winning percentage is very low and losers percentage is very high. That is why this is more famous.

[bhadz]

It is successful because:
1. The fact that there are many gamblers and people that wanted to earn fast and they saw that it can be possible with bitcoin gambling.
2. Gamblers are secured and anonymous when they are using bitcoin to gamble.
3. There are a lot of gambling sites to choose and the minimum bet is really low.
You can add with my list guys.

Yes these is correct. People choose a way that they can earn faster than they are working out. They put a risk even though thats a very big money to lose whenever they cant win the game. Off course in bitcoin gambling nobody can identify them because gambling sites protects them. These are the major reasons why gambling makes people interested a lot.

And there's a volume of gamblers that are thinking that way so the success of the bitcoin gambling industry is very quick. They keep on hoping that it can happen to their real lives just like what happened to those few gamblers that experienced good result in gambling. And next to it is the anonymity that is giving by bitcoin.

well when it comes to earning faster, I think it's not that far from conventional casino and gambling. what separates bitcoin gambling is its security due to it being anonymous. I think that's the main reason why this industry is growing at a very fast rate. this gives gamblers so much more security than depositing from your bank account to a gambling or casino site

Security is truly one of the reason why there are a lot of people that wants to get into bitcoin gambling because it is giving them an assurance that no one will know that they are the one that is gambling. And with bitcoin it's getting them more confidence that if ever they will lose, they can get some for free with faucets or any gambling bonuses.

[taxmanmt5]

Gambling is an addiction which is lot more in teenagers and since getting bitcoin is easier to get and spend without age disclosure, lot of kids and teenagers are now in the gambling field, (even their parents or elders may not be aware of this) and all this is possible because of bitcoins.

I would like authorities to get the data of number of users playing gambling with Bitcoins and those with other form of money like Dollars etc and you will feel a real difference of numbers.

[grermezter]

I think first and foremost its very successful because bitcoins can be easily acquired and due to that it makes gambling very fast and secondly most gambling websites accepts bitcoins now and thats making the market boom.

[erikalui]

Bitcoins are untraceable which makes them easy for users to gamble as you don't need an ID to buy/sell bitcoins. I can see so many videos and articles about gambling sites like primedice, nitrogen sports, crypto-games, sportsbetting and so on and plus these sites don't require any verification. However, compared to other online gambling sites, most bitcoin gambling sites don't have a huge bankroll and many times they are prone to scammers too.

[arwin100]

Bitcoin gambling is successfull due to its anonymity and that could not be the best feature what gamblers like since they are untraceable and can play with at ease unlike on those other processor where they where be worried that their identity might be leaked and be sued for playing online illegal games. And in bitcoins they can lessen up the fees that they've got upon doing some nasty transaction on betting sites.

[crairezx20]

Bitcoins are untraceable which makes them easy for users to gamble as you don't need an ID to buy/sell bitcoins. I can see so many videos and articles about gambling sites like primedice, nitrogen sports, crypto-games, sportsbetting and so on and plus these sites don't require any verification. However, compared to other online gambling sites, most bitcoin gambling sites don't have a huge bankroll and many times they are prone to scammers too.

You got the point it is because they do not need to ask for Identity before you can gamble unlike other gambling casino or real casino that honestly its illegal here in my country that is why can't gamble here in my country that is why i was happy to bring  me in bitcoin and found that there is casino like sports betting that you can bet without ID. and other gambling games..

[Caladonian]

Bitcoins are untraceable which makes them easy for users to gamble as you don't need an ID to buy/sell bitcoins. I can see so many videos and articles about gambling sites like primedice, nitrogen sports, crypto-games, sportsbetting and so on and plus these sites don't require any verification. However, compared to other online gambling sites, most bitcoin gambling sites don't have a huge bankroll and many times they are prone to scammers too.

You got the point it is because they do not need to ask for Identity before you can gamble unlike other gambling casino or real casino that honestly its illegal here in my country that is why can't gamble here in my country that is why i was happy to bring  me in bitcoin and found that there is casino like sports betting that you can bet without ID. and other gambling games..

same exact point mate, its really easier to play using bitcoin and with its anonymously deposit and withdraw feature coming from the house who accept bitcoin in their system we can easily transact without having any issue with our real identity.

[KesoNie]

Because of the many investors in the market. And the high demand in the market as well. People want to earn more therefore they find another way and that is gambling.

[Nivir]

No, it is not so successful yet. Remember crypto is not yet fully adopted and we are just a small chunk of the population. The good thing on bitcoin gambling is it is decentralized and most of the sites are using provable fair system which is revolutionary and way too better than those more popular fiat based gambling companies. 

[TIDOVEE]

bitcoin gambling is so successful in the world because its tendency of causing violence is reduced since it is done online unlike other vis a vis gambling

[poplolnman]

Simple. Bitcoin gambling is a lot safer due to it's anonymity and players are attracted to that. It's also a lot easier to deposit/ withdraw your capital and winnings. I think bitcoin and gambling are made for each other considering the features btc has.

I agree, it made access to gambling very easy and possible even though the country has an illegal stance for gambling.  With a simple use of VPN you are legally playing gambling.  And there is no way of knowing your location unless you declare it since depost and withdrawal does not require your bank with full name and location in it.

You are right, bitcoin made access to gambling very easy, It's a good combination when we talk about playing gamble for people who under 18 years old or maybe in some country which they are a restriction about gambling sites.

it's sounds like bitcoin gambling sites support an under age player  , a bad impact instead a good thing. bitcoin really wild and hard to regulated makes a lot of government angry and worry about that facts. but let's don't forget about the good sides . your personal information secured with bitcoin as you don't have to provide anything to make withdrawal/deposit/create an account. that's make people really love to gamble with bitcoin.

Only, for this reason, people like to play gambling with Bitcoin. If we want to give our information to play gambling means people will not entertain this currency. And why the BTC gambling industry is so successful means here winning percentage is very low and losers percentage is very high. That is why this is more famous.

honestly i don't understand what are you trying to say chris  , bitcoin gambling industry are getting more and more popular , get a lot of investor interest , the new site keep popping up day by day due the fact it's promising in term of how the business free from tax ( for some ) sounds like illegal but that's how the bitcoin gambling site work , i guess .... the fee are not as much as when you play on fiat casino too.

[BlockEye]

No, it is not so successful yet. Remember crypto is not yet fully adopted and we are just a small chunk of the population. The good thing on bitcoin gambling is it is decentralized and most of the sites are using provable fair system which is revolutionary and way too better than those more popular fiat based gambling companies. 

Being fully adopted is not the only factor to measure the success of gambling. It is also on the volume of money being wager on online casino by means of gambling. Since 2015, Bitcoin is popular on gambling industry and tons of dollars are being wager daily. In that manner, Bitcoin Gambling become successful in casino industry.

[irsykes]

i will focus for anonimity and there are a lot of gambling games that can do with bitcoin. and without rules about how minimum old people can do gambling with bitcoin i think a lot of teenagers play it

[chaser15]

No, it is not so successful yet. Remember crypto is not yet fully adopted and we are just a small chunk of the population. The good thing on bitcoin gambling is it is decentralized and most of the sites are using provable fair system which is revolutionary and way too better than those more popular fiat based gambling companies. 

Not with the adoption but the usage stats of a certain gambling site.

Just by looking at the amount waigered everyday, new users everyday, average bet per game, highest amount placed, total numbers of bets and the amount etc. you can see that a huge numbers of bitcoin, or in general cryptos, are being used. We can considered that a successful one because of the numbers established which I believe is true and accurate. A popular and big gambling site will not ruined their name for fake stats in the first place.

[adzino]

The site you included covers most of the reasons. You can stay anonymous. You do not have to verify your ID or give any kind of information (except for some sites you do have to just for security purpose). You can deposit instantly with no waiting time. You don't have to deal with any government issue or pay them anything. It's fast and very easy to get started.

[rickadone]

i will focus for anonimity and there are a lot of gambling games that can do with bitcoin. and without rules about how minimum old people can do gambling with bitcoin i think a lot of teenagers play it

Yes, anonymity must be a biggest reason for the success of bitcoins based gambling sites. Before introduction of bitcoin payment system, I am sure gamblers could never think about not unveiling their sensitive personal information for the only reason of going for gambling.

When gamblers are able to maintain their gambling activities confidential even from their family members, I guess bitcoin would have boomed into multi billions circulating industry by this time. So, there would be no surprises of achieving these big success in very quicker time span too.

[ModGirl]

I found only one reason in the article which is the real reason for the success of bitcoin gambling and that is the anonymity of the people who gamble on that sites. As many people have problems in gambling from their countries who are banned for going there. In the second point they are talking about the personal information I think it also come in the anonymity point.