Why Is Bitcoin Gambling Industry So Successful in the World?

[Pettuh4]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

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1714659402

[michkima]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

[szpalata]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

 The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.

[Creepings]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

 The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.

I think maybe because of the demand the cryptocurrency is getting from the people. And maybe I think the possible price of it in the near future. I gambled in bitcoin gambling sites because I am hoping I can get a lot of it that I can save for the future use and the possible profit it can give me because I know it will be having a good price in the near future.

[daringdiscovered]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

I think it is because the gambling site was made to always win to gain a huge bankroll every single day for the site to run in the long run, and many people are addicted on gambling having this false hope that they could win on gambling or could make money in gambling if they are going to do it as a living but it is all wrong, like who is going to win always against the house? yeah there are few people who are lucky on gambling but this doesn't apply to all of us.

[gabmen]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

I think it is because the gambling site was made to always win to gain a huge bankroll every single day for the site to run in the long run, and many people are addicted on gambling having this false hope that they could win on gambling or could make money in gambling if they are going to do it as a living but it is all wrong, like who is going to win always against the house? yeah there are few people who are lucky on gambling but this doesn't apply to all of us.

That goes not just fir bitcoin gambling but for conventional gambling as well. It's a general knowledge that people doesn't really win in the long run. What makes bitcoin gambling different is that it's easier and safer than normal gambling. Anyone would prefer to be anonymous and would feel safer thag way than giving out personal information when registering on gambling sites

[eternalgloom]

It's not so successful but the amount of players are surely increasing every day. The reason behind this is surely the house edge which is max 1% on most of the gambling sites as well as the ease of gambling you need to put some fake details deposit and withdraw with any personal information to be provided

That is true. The houses are so clever in this regard, and they are responsible for addiction of these gamblers. When the house edge rates are low, people are more trending to gamble because they think they can have major profit ratio for themselves.

But they don’t know how tricky these houses are. Still gambling is getting more and more fame just because of it is being easy money source.

You are both wrong though, you can hardly say that Bitcoin gambling is unsuccessful, Bitcoin gablers have wagered around 4.5 Billion dollars since 2014.

Source: https://news.bitcoin.com/bitcoin-gamblers-wagered-4-5-billion-btc-2014/

I wouldn't call Bitcoin casino's responsible for the addiction of those gamblers, even if gambling were made completely illegal, people would still gamble and become addicted.

Most Bitcoin casino's will also ban you if you are a problem gambler.

[acener]

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 because gambling in bitcoin can be profitable to both developers and gamblers. Both are earning good, that's why most bitcoin gambling sites are successful. There's a lot of gamblers who are high rollers who also know bitcoin.

[Ewinsane]

Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.

Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason  is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.

[RealPhotoshoper]

It's not so successful but the amount of players are surely increasing every day. The reason behind this is surely the house edge which is max 1% on most of the gambling sites as well as the ease of gambling you need to put some fake details deposit and withdraw with any personal information to be provided

Then i think we should accept that it is successful because you also accept it that everyday players numbers are increasing, also you give us valid reason, in online gambling we could play it even we have no enough money because in it the house edge is very less. In gambling if we want to play but we can't play it because we have no more money, but in online gambling it has solved the problems.   

Lol yeaa there must be a reason why the number of player who using bitcoin to gamble increasing drastically.
And it is just show how successful bitcoin gambling industry so far , not only the player but the number of gambling provider popping up day by day.
They know the opportunity in this business far more promising than any other business nowadays.

[stepwilli]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

 The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.

This is the major reason why gambling industry is growing day by day speedily. Gambling has been there for centuries and now the methods of gambling are digitalized, you can gamble without revealing your identity. Furthermore digital currencies have made it very easy to gamble online via poker games, betting on sports etc. your stance is valid that people are highly enchanted by digital currencies, that’s why gambling with bitcoin is highly prospering these days.

[LuanX3]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

 The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.

This is the major reason why gambling industry is growing day by day speedily. Gambling has been there for centuries and now the methods of gambling are digitalized, you can gamble without revealing your identity. Furthermore digital currencies have made it very easy to gamble online via poker games, betting on sports etc. your stance is valid that people are highly enchanted by digital currencies, that’s why gambling with bitcoin is highly prospering these days.

To add to that, I think this is also because gambling does speaks to an inner trait of humans, which is greed and trying our luck. Gambling has been indeed here for the longest time, and it is brought about by humans because we want to satisfy that need to gamble and our greed keeps up coming back and that has fed gambling sites which really evolved through time and has become more and more efficient in delivering their services.

[AjithBtc]

I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.

It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it.

That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.

 The question by the OP was in reference to the bitcoin gambling Industry and not any other gambling industry like fiats. I think interest in Cryptocurrency is on the rise globally and since it has been introduced into gambling it has spurned the bitcoin gambling industry on.

This is the major reason why gambling industry is growing day by day speedily. Gambling has been there for centuries and now the methods of gambling are digitalized, you can gamble without revealing your identity. Furthermore digital currencies have made it very easy to gamble online via poker games, betting on sports etc. your stance is valid that people are highly enchanted by digital currencies, that’s why gambling with bitcoin is highly prospering these days.

As in the above quote, gambling has existed centuries back and it became popular through the easy money earning possibilities available in it. Here luck and skills on a combined form make people grow high and profit. When it comes to gambling with bitcoin, the anonymity easily grabbed the attention of large users and this became the largest industry contributing to the growth of bitcoin as well.

[Betwrong]

Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.

Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason  is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.

If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.

[julzcoinbit]

Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.

Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason  is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.

If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.

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. Because of bitcoin, online gambling industry is going to successful in this world.

[noel2123]

Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.

Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason  is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.

If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.

correct many bitcoin casinos has been closed because of lack of marketing ideas or does not want to invest on marketing , If they really want a succesful bussiness they have to spent money on marketing so they will be known and attract many players , I don't understand why some do not want to do it given that it will be good to them

[Shutup]

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

Especially now bitcoin is very expensive gamblers want to win in the game to collect bitcoin.Everyone is after bitcoin now this is very effective in gambling industry,lt feels very good to win bitcoi now.So maybe all kinds of gambling will bitcoin involve now.

[jagdeepjd]

gambling has always been a successful thing because almost everyone wants to try his luck and with bitcoin we get the anonymity no private info needed we can easily transfer bitcoin from one person to another . i personally was not a gambler but since i came to know about bitcoin i started gambling on some dice sites . and there are many like me who did so . so this is one of the many reasons why bitcoin gambling industry is so successful.

[Betwrong]

Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.

Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason  is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.

If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.

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. Because of bitcoin, online gambling industry is going to successful in this world.

Yes, but to be an online casino which accepts Bitcoin is not enough for being a successful one. New BTC accepting casinos have been opening and closing every month. Owners invest money in site development and when it's a good looking and properly operating site they think gamblers should choose it over others. But gamblers don't do that because they simply don't know of the site's existence. For a Bitcoin casino to be successful it should be advertised properly.

[thend1949]

Mostly anonymity as no one wants to be marked as gambler these days. Also, decentralization - no one can trace the money you spend or the money you win - helps to stay safe from government and taxes.

Yes both anonymity and decentralization are ensuring our freedom that is the simple reason why bitcoin based the gambling industry is more successful now a days. When gambler prefers their freedom rather than anything else then he will definitely choose bitcoin based the gambling instead of visiting a physical casino where he can spend fiat for gambling. I guess another reason  is it is easy to gamble online by buying bitcoin compared to gambling in real casinos.

If an established land based or online casino decides go with Bitcoin then most likely it will succeed, that's what I agree with. But we shouldn't forget that not all the Bitcoin casinos around are profitable. You need big money for promotion if you open a new Bitcoin casino otherwise no one will be playing there.

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. Because of bitcoin, online gambling industry is going to successful in this world.

Yes, but to be an online casino which accepts Bitcoin is not enough for being a successful one. New BTC accepting casinos have been opening and closing every month. Owners invest money in site development and when it's a good looking and properly operating site they think gamblers should choose it over others. But gamblers don't do that because they simply don't know of the site's existence. For a Bitcoin casino to be successful it should be advertised properly.

I've also heard that most of those online gambling casinos had short gambling operations after being successful for few months. Maybe they did that due to some online players always looked for a new sites which typically give them good offers on every bets online, one example of that is the playing bonus on every game they've been registered of and the reward strikes higher. Those gambling developers can establish new business platform of a new gambling site name, that's why they hit their target and they really became successful because of that; making new good business as part of their system upgrades.