Why Is Bitcoin Gambling Industry So Successful in the World?

[tyz]

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

[MinerHQ]

But to withdraw funds in some of the casino's players need to pay small fees to get back their funds. Only one or two casinos may be paying the withdrawal fees and one of them is fortunejack site. Apart from that other reason are true and the most important one is anonymity. People can play these games from home or any other place with internet without providing any document proofs to these sites makes more comfortable for most of the gamblers to chose bitcoins or other cryptocurrencies.

[Oralmat]

In my view, before bitcoin, people have littler bit playing online gambling, but when bitcoin came then they start to play bitcoin online gambling. Definitely it is crated of bitcoin, the reason people trust on bitcoin and also they start to trust on online gambling.
The second reason, people want to earn bitcoin and when they realize bitcoin online gambling is a way to win bitcoin, than they start to play it. I am also include myself of these people who started online gambling because of bitcoin.   

[absy]

Our country doesn't allow gambling and it is illegal . Many people who wanted to gamble but couldn't gamble are now able to gamble because of Bitcoins and stay anonymous . Nobody asks you any questions when you are converting BTC to your local currency and hence its as easy as it gets .

[ethereumhunter]

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

i am not surprise to see anonymity is in number one of the list, i see many gamblers don't want to show their identity while they are playing gambling so with anonymity, they can hiding in some places and they can playing gambling with safe. beside that, personal information is not needed while we are playing bitcoin gambling so this is the second thing that make gamblers happy to played. people can send amount of bitcoin into gambling site and start to playing gambling without fear of nothing except fear about loss.

[iqlimasyadiqa]

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

Bitfcoin is currently very helpful in developing the gambling industry. Because bitcoin is currently almost all online gambling sites are becoming very popular. Ranging from the ease of playing up to make a deposit and also withdraw. As a result of this house casino home becomes more quiet. While gambling websites increasingly have a lot of gambler. This is one of the impacts of technological advances today.

[pearlmen]

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

The simple reason I can phantom to that is because all over various climes of the society gambling is frown at some countries even ban the act while others that allows it, do so with some conditions which most times not favourable. Aside that for those who meet those conditions which is most times age, the society does still not help by judging such individual as irresponsible for engaging in gambling then a liberation came which is bitcoin which makes it possible for me to defy all the odds above and enjoy what I wanted to do at my convenience without interference from either government or the society.

[ralle14]

Those reasons from the article are true but now most bitcoin casino charges you for the miner's fees. The fees are also slowly getting expensive due to the network getting busy. The best reason I like from the article is the anonimity because I don't like risking my personal info when I gamble woth bitcoina and the 5th one your bitcoins don't increase but the price of bitcoin is always moving which makes bitcoin gambling so risky.

[iluvbitcoins]

Those reasons from the article are true but now most bitcoin casino charges you for the miner's fees. The fees are also slowly getting expensive due to the network getting busy. The best reason I like from the article is the anonimity because I don't like risking my personal info when I gamble woth bitcoina and the 5th one your bitcoins don't increase but the price of bitcoin is always moving which makes bitcoin gambling so risky.

The fees are extremly low considering the taxes you'd pay on winnings with physical betting.

[boyptc]

I guess because it was the first way of gambling that doesn't require a lot of identity just for a gambler to be able to play their offered games. And because it is with the use of bitcoin, by just simply depositing, that will be enough for them to have bitcoin flow for their bankroll. As the price is also increasing, for sure most of them will be successful.

[Bardman]

Also because it's very easy to get a few satoshis and start gambling, there are tons of ways unlike normal casinos where you have to deposit money from your credit card or paypal. You can easily just hit a bunch of faucets and start gambling, many casinos offer you pretty much unlimited satoshis to gamble, only a few at a time but still no other casinos do that.

[xuan87]

Anonymity is the first reason why bitcoin gambling is so popular, the second thing is we can gambling using bitcoin from everywhere, and to setup an account is very easy, and there are tons of casino games using bitcoin and can be played from your home and most of the gambling site offered faucet so the gambler can try the site without afraid of losing money, so it is very convenient to gamble using bitcoin

[Humanxlemming]

We can play gambling anytime and anywhere if we just have a stable internet connection and the first thing is were anonymous playing gambling no need to give some any requirments before to play. And the important thing is we can play easily gaming using cryptocurrency. I think gambling made succesfull is because of us gambler what if their doesn't? Gamblers that playing in their casino's so definitwly were the reasong why many casino's made succesfull

[iluvbitcoins]

Also because it's very easy to get a few satoshis and start gambling, there are tons of ways unlike normal casinos where you have to deposit money from your credit card or paypal. You can easily just hit a bunch of faucets and start gambling, many casinos offer you pretty much unlimited satoshis to gamble, only a few at a time but still no other casinos do that.

You even have faucets included inside the casinos, so you can start gambling literally for free, you don't have to transfer anything anywhere..

[jack1111]

Bitcoin opened the door for many countries where Paypal is restricted to join the gambling world, and especially the sports betting, because it made things much easier than using Paypal or other online banks through VPN, betting became simpler, faster, and more anonymous with Bitcoin, and you do not have to worry about freezing your fund.

[AngelSky]

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

Gambling is highly used place in the world as of now on bitcoins. Other than we can find exchanges only. I remember 1 year before There is successful gambling site called luckybtc. It has the huge number of people on the site. I just checked I unable to find it now. As you usage of bitcoin in gambling increases, it seems to be a successful platform in bitcoin as it's involved with the risks. Thanks for the article as well tyz.

[Jantapw]

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

[serjent05]

Bitcoin gambling is popular because gambling is already popular itself coupled with anonymity where one's identity is kept hidden.  This is one of the reason why Bitcoin gambling Industry is so successful in the world.  Aside from that, it enables minors to play adding more customers and players to gambling industry accross the globe.

[bering]

i have already gamble using other payment method such as webmoney or perfectmoney but with bitcoin i felt comfortable because anonymity always be my main reason and i could not get it from other payment method and maybe that's why bitcoin gambling sites is so popular because bitcoin offering the feature Which is not owned by other currencies

[icecube45]

Bitcoin gambling is popular because gambling is already popular itself coupled with anonymity where one's identity is kept hidden.  This is one of the reason why Bitcoin gambling Industry is so successful in the world.  Aside from that, it enables minors to play adding more customers and players to gambling industry accross the globe.

Agree with you. Gambling with bitcoin is very popular because it is anonymous. It will make it easier for everyone to gamble. If previously gambling online using a credit card there must be an age limit so not all ages can gamble, whereas with bitcoin all ages can gamble because it has no age limit. Also because gambling with bitcoin is anonymous so people living in countries that prohibit gambling can play gambling safely. That's why bitcoin is successful in the gambling industry, and I agree.