Why Is Bitcoin Gambling Industry So Successful in the World?

[tabas]

I think some of the country considered that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. That's why bitcoin gambling so successful in the world.

No, they don't think it's a way to earn bitcoin for their citizens. There's no even country that support bitcoin gambling and has a license to the government because it's prohibited. The gov't doesn't only recognize bitcoin as a currency as of now that's why many gamblers are shifting to bitcoin and instead of visiting a casino they would love to stay at home and gamble all day long tax free.

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[Ziskinberg]

I think some of the country considered that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. That's why bitcoin gambling so successful in the world.

It's not by country but an individual decision, bitcoin gambling does not require KYC so it's very convenient and safe to gamble and with this kind of platform it can attract gamblers at any age, even the minors. Gambling with Bitcoin is more like trusting the site where you are risking your money and it works like a charm since they are really trust worthy as they are building their reputation so they would not scam their customers.
In fact, the competition is getting bigger in crypto as more capitalist are shifting into bitcoin gambling.

[paul00]

I think gambling thru bitcoin has been successful in the world since it is an easier way to earn more money. Since in bitcoin there are various activities that can be done, earning money will be simple if you have the hard work and persistency on the campaigns that you wilbe joining. Since it is easier and much less work than the usual work spending it on the same site is not as hard as the actual gambling casinos. Also i think the bigger factor why it is a success is because bitcoin is just a form of internet currency where has not much value to you unless you already have it encashed.

[bhadz]

Because you gonna be always loser,that's the plan,the plan of casinos

That's not their only plan of letting their gamblers lose all the time. There are some strategies that they let someone win with big amount so that he will attract other gamblers to play on that casino. And once he brought up many gamblers that will be the recovery time for the casino's by always taking the favor for those gambling games they manage that's why I only play with those games that are provably fair.

[mrcash02]

I think gambling thru bitcoin has been successful in the world since it is an easier way to earn more money. Since in bitcoin there are various activities that can be done, earning money will be simple if you have the hard work and persistency on the campaigns that you wilbe joining. Since it is easier and much less work than the usual work spending it on the same site is not as hard as the actual gambling casinos. Also i think the bigger factor why it is a success is because bitcoin is just a form of internet currency where has not much value to you unless you already have it encashed.

Bitcoin gambling is successful maybe because it seems an easy way to earn more money... Truly it's just an illusion. But I agree people can make profit on casinos by being active, joining the giveaways, receiving tips from the whales (people who are active on the chat), completing tasks for casino owners... But who moves this industry are the big players who play high, and I think many of them like Bitcoin gambling industry because they can't gamble on their countries or because they are too lazy to left their homes to go to land based casino.  

[Loope]

Well, I think bitcoin is enough to sustain the needs every individual who are interested on it, Although we know that it is gambling meaning competition among others, Probably government accepted and give permission to work on gambling. Basically it is more profit than the other work, through the help of internet connection you were able to joined in any signature campaign in order to have salary...

[LuanX3]

Easy. Casinos never lose! In the long run casinos will always win over the gamlbers and we can do anything about it since casinos have a level of house edge every time.
This house edge may be a small percentage, but it is actually a lot in the long run. Another factor is that since casinos employ different gimmicks to attract users that is why a lot of people starts playing casinos.

[Kevin77]

Anonymity is the major reason why many prefer Bitcoin. Maintaining it in the e-Wallet is completely anonymous. For instance, depositing and withdrawing through Bitcoin eWallet is anonymous on its own, but in a really great Bitcoin casino, the process of signing up also is completely anonymous. Sites with features like these are the ones that attract many players. Cause gambling is still illegal at some countries, so this is the best feature to free gambling.

I am not sure why people want to stay anonymous while gambling. It is safe to stay low profile but honestly, not a lot of people are interested in guys like me. They won't even care if I roam around openly. Therefore, it is better to keep the bitcoin in wallets and wait for the price increments. Bitcoin is the future currency and it will be the most expensive asset also so I suggest not risking it in any way.

[darkangel11]

Anonymity is the major reason why many prefer Bitcoin. Maintaining it in the e-Wallet is completely anonymous. For instance, depositing and withdrawing through Bitcoin eWallet is anonymous on its own, but in a really great Bitcoin casino, the process of signing up also is completely anonymous. Sites with features like these are the ones that attract many players. Cause gambling is still illegal at some countries, so this is the best feature to free gambling.

I am not sure why people want to stay anonymous while gambling. It is safe to stay low profile but honestly, not a lot of people are interested in guys like me. They won't even care if I roam around openly. Therefore, it is better to keep the bitcoin in wallets and wait for the price increments. Bitcoin is the future currency and it will be the most expensive asset also so I suggest not risking it in any way.

Don't you really know why it's important to be at least partially anonymous when gambling? Many people see it as an addiction or some other type of flaw, so players don't want to openly admit that they're gamblers. You won't see it under "interests" in any resume. People sometimes want to hide that they're gambling from members of their family and sometimes those people have access to their bank accounts.

[bncbnc]

Because you gonna be always loser,that's the plan,the plan of casinos

That's not their only plan of letting their gamblers lose all the time. There are some strategies that they let someone win with big amount so that he will attract other gamblers to play on that casino. And once he brought up many gamblers that will be the recovery time for the casino's by always taking the favor for those gambling games they manage that's why I only play with those games that are provably fair.

Yes that can also be right, but to me i think that it has become so much popular because it is more easy and convenient to play gambling online as compare  to visit a physical casino.

[chris200x9]

Because you gonna be always loser,that's the plan,the plan of casinos

That's not their only plan of letting their gamblers lose all the time. There are some strategies that they let someone win with big amount so that he will attract other gamblers to play on that casino. And once he brought up many gamblers that will be the recovery time for the casino's by always taking the favor for those gambling games they manage that's why I only play with those games that are provably fair.

It is nothing like they allow you to win money by some means if that is the case then those games are no more probably fair games. But in online, most of the trusted sites are allowing you to verify their bets so they can't-do this kind of things. Gambling itself is a most unpredictable thing so sometime you may win big but in the long run, everyone losses and this thing casinos know so they just encourage you to play longer to take back your money.

[BlueStackz]

I think it's because many gamblers do not have access or gambling facilities, especially gamblers who come from countries that ban gambling. The existence of gambling in bitcoin gives access and facilities for them to gamble and gamble in bitcoin still be able to cover their profile, their identity can be kept safe in bitcoin gambling. So maybe gambling in bitcoin is more effective for them.

i'm the one who live in the country which banning gambling and all of related of it but since i know bitcoin i could gamble although not regularly and my friends also had same thing just like me and untill now i never had any problem regarding my activities so bitcoin can do what can not be done by other currencies and i think the growth of bitcoin will accelerate because people lately considering gambling use bitcoin is more easy than other currencies
 

If gambling is prohibited in your country then you must abide by the law like a good, obedient, civilized citizen.

Gambling makes people addict in no time, without them ever realizing it. With every shot, their urge to play increases! In the beginning, everyone has a good control but once they try to give up on it, they realize how much they have grown used to it. I advise you to quit it.

[jamids]

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

Because of anonymity which is stated in the article. Some people doesn't want other people to know that they are gambling because there are some perception that once a person gamble, he has a possibility of getting addicted and even some people would create other stories as well referring to other events and this would make the person who gamble embarrassed so when someone is gambling anonymously, no one knows that he is the one gambling and if he won, no one will know that he is the one who won which is quite safe in his part.

[BillCoin]

I wouldn't call bitcoin a success yet.
Think about it like that, the total market cap of bitcoins is about 70B $, compared to about 50T$ of the stock market industry.
The whole stock market worth about 1000 times more then the total bitcoins in the world.
I think that bitcoin still has an huge place to grow and if it happens , we , the early adopters are going to be multi- millionaires.

[qwertyup23]

I think some of the country considered that online gambling is a way to earn bitcoin and that the reason they play bitcoin online gambling. That's why bitcoin gambling so successful in the world.

No, they don't think it's a way to earn bitcoin for their citizens. There's no even country that support bitcoin gambling and has a license to the government because it's prohibited. The gov't doesn't only recognize bitcoin as a currency as of now that's why many gamblers are shifting to bitcoin and instead of visiting a casino they would love to stay at home and gamble all day long tax free.

This is actually true. In my country, my friend interviewed the lawyer at our Central Bank (BSP) regarding the status of bitcoin and they said that they see bitcoin as property, therefore not subject to legal tender (in payment for debts, etc.). This is also mostly true to most countries since no government agency supports gambling and online gambling, as it is hazardous to the society.

To answer your question, gambling in general as a business is very successful due to its nature, being a risk to both the owner and the users. Most gamblers keep coming back to casinos thinking that they will gain profit in-payment for their debts or for entertainment purposes. This results to an endless cycle of users who continuously participate, thus making the industry very profitable.

[BlackPanda]

gambling game industry is one of the most popular by some people in the world today. those who play gambling usually think that playing gambling can relieve stress and some have been affected by the gambling system that will make them addicted. we can see that every day there is a new casino / gambling website. This proves that some gambling games are very appealing to many people. besides that currently bitcoin has helped the development of online gambling game, gambling game seemed easier to do. we can withdraw and deposit very easily. that has made the gambling industry very rapidly growing.

[sonicwave]

Bitcoin has become popular for paying for gambling because it is easy to use and allows you to remain anonymous. Thus, where gambling is prohibited, you can use bitcoin and enjoy the game.

[maydna]

Bitcoin has become popular for paying for gambling because it is easy to use and allows you to remain anonymous. Thus, where gambling is prohibited, you can use bitcoin and enjoy the game.

beside that we don't have to fill any document and we only need to send the amount into our address that we can found in our account. this makes gamblers can feel save to playing gambling so bitcoin gambling industry still survive and i think the gambling sites reach the big money from gambling section. but if the gambling sites don't care with their member, its just can help them to get successful in the industry because they need the support from their members to stay a long time business.

[Nivir]

I still don't call the bitcoin gambling industry as very successful at this stage since we all know that the industry is worth trillions of dollars. So what bitcoin casinos and betting earning right now is just a very very small chunk of the whole industry. But we will be expecting a fast growth on bitcoin use as people will realize soon its advantages.

[gabmen]

I still don't call the bitcoin gambling industry as very successful at this stage since we all know that the industry is worth trillions of dollars. So what bitcoin casinos and betting earning right now is just a very very small chunk of the whole industry. But we will be expecting a fast growth on bitcoin use as people will realize soon its advantages.

Well to be fair, bitcoin gambling is still young but its growth is undeniable. There's a big chance that it can overtake the convemtional online gambling industry once bitcoin gets more supporters.