Why Is Bitcoin Gambling Industry So Successful in the World?

[noormcs5]

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.

Same here with me, i came in gambling because when i entered in bitcoin and then i started to play gambling. But before bitcoin gambling is also here in my country and people play it with fun but bitcoin give help to online gambling system because of easy transaction. But still i will say since when gambling came into this world people like it and play it because of many reasons, but i got it gambling industry successful because of entertainment.

[EdenHazard]

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.

yes beside a huge bankroll to get started you need a good strategy planner on how they run the promotion effectively , not just throw the free money here and there , never easy really to start from zero building a bitcoin casino .

we can see that nowadays there a lot of new casino popping up but there also who shut down because of various reason, not successfully yet i think.

[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.

yes beside a huge bankroll to get started you need a good strategy planner on how they run the promotion effectively , not just throw the free money here and there , never easy really to start from zero building a bitcoin casino .

we can see that nowadays there a lot of new casino popping up but there also who shut down because of various reason, not successfully yet i think.

They keep shutting down because they can't attract players to their site.

If you have a dice site you should make your faucet the biggest around in the first couple of months.

If you have a poker site you should run at least several freerolls every day with prize pool not less than $10 each.

Otherwise gamblers have no reasons to play on your site.

[Cacingkemi]

I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.

[bncbnc]

I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.

In fact gambling have the magic to attract more and more people and compel them to play gambling again and again, even though they already know the result but stilll they are giving argue to themselves that they can make money from gambling. In fact gambling is such type of game where a person do not require any knowledge or proper education, but one can start it at any stage, and that is the reason that gambling is the most successful industry.

[yrreg ger]

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.

Right the main benefit of using bitxoin in gambling is anonymity.  There are gamblers who don't want their friends  or family  to know that they are gambling and bitcoin has enable them to do that.  Staying anonymous through bitcoin is one of its benefits but of  course this can also be a bad thing.  Kids that are not supposed to do gambling could learn  gambling and play gambling because anonymity can some how hide that they are not at the right age.

[gilangIDR]

There are two things that cause someone to play gambling. The first is to seek pleasure and the second is to make gambling an income. Both of these bring a lot of people to actively participate in the gambling game. Also currently playing gambling is easy to do, make a deposit and withdraw be an easy thing. Interesting website gambling variations are also a plus. One of the causes is bitcoin, now with bitcoin it is easier to do gambling game, just a few steps we are ready to play gambling. The development of online gambling today is much faster than casino. Due to the more mobile a person's online gambling becomes a first choice for gamblers.

[cjmoles]

I don't know how sound the arguments are in the article posted by the OP because a few of the premises are invalid.  For example, there are fees associated with bitcoin transactions and some of them are relatively significant ---> a few of the other premises can be refuted also.  However, there is no doubt that the bitcoin gambling industry is successful, but I think that fact is due more to bitcoins utility as a vehicle to work around regulatory control than anything else.

[molsewid]

First in my own opinion why bitcoin gambling is so successful industry is because lots of people who are using fiat currency and going into physical gambling just to play and now they knew about bitcoin has its more higher value than there using and now tey all play for the sake of the profit and never knew about the risk about it. Since they always playing everyday to earn money.,

[MyIdeas]

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.

yes beside a huge bankroll to get started you need a good strategy planner on how they run the promotion effectively , not just throw the free money here and there , never easy really to start from zero building a bitcoin casino .

we can see that nowadays there a lot of new casino popping up but there also who shut down because of various reason, not successfully yet i think.

Starting up a casino or gambling business in any form is not an easy task at all. Business needs a lot of investment and market competitive strategies in order to beat your rivals in market. Indeed there are many casinos who got shut because they lacked proper market plans etc. this business needs to give customers something interesting and astonishing all the time so that they keep gambling for winning money.

[Gameroid]

There are two things that cause someone to play gambling. The first is to seek pleasure and the second is to make gambling an income. Both of these bring a lot of people to actively participate in the gambling game. Also currently playing gambling is easy to do, make a deposit and withdraw be an easy thing. Interesting website gambling variations are also a plus. One of the causes is bitcoin, now with bitcoin it is easier to do gambling game, just a few steps we are ready to play gambling. The development of online gambling today is much faster than casino. Due to the more mobile a person's online gambling becomes a first choice for gamblers.

Number of reasons are there which make bitcoin gambling more successful. the first reason is that bitcoin is decentralize and it allow you to play gambling anywhere without changing your money into any other currency. And the second reason is that using bitcoin you can play gambling anonymously. Even your close friends and relative many not know that either you are involve in gambling or not. There are so many other reasons, like  you can play gambling while setting in your bedroom. It is more secure to play gambling online while you do not need to have any direct intersection with anyone etc.

[SushiMonster]

Maybe gamblers doesn't know the fact that they're actually losing and winning money since it's in digital form thus you cannot touch it and makes you feel that you're just playing.
Plus it can be so addictive and gives a lot of excitement.
I tried gambling before and it didn't turned out pretty well.
I might still gamble just for fun but I don't want to lose all my money on this.

[BossMacko]

For me the reason why Bitcoin Gambling is successful is because it is very convenient compared if you are are going to a real casino and gamble in that, you need to travel and the hotels are very pricey in a casino unlike if you will gamble using Bitcoin you can gamble anywhere in your house that will make you feel very comfortable and you can focus more.

[Oilacris]

There are two things that cause someone to play gambling. The first is to seek pleasure and the second is to make gambling an income. Both of these bring a lot of people to actively participate in the gambling game. Also currently playing gambling is easy to do, make a deposit and withdraw be an easy thing. Interesting website gambling variations are also a plus. One of the causes is bitcoin, now with bitcoin it is easier to do gambling game, just a few steps we are ready to play gambling. The development of online gambling today is much faster than casino. Due to the more mobile a person's online gambling becomes a first choice for gamblers.

Number of reasons are there which make bitcoin gambling more successful. the first reason is that bitcoin is decentralize and it allow you to play gambling anywhere without changing your money into any other currency. And the second reason is that using bitcoin you can play gambling anonymously. Even your close friends and relative many not know that either you are involve in gambling or not. There are so many other reasons, like  you can play gambling while setting in your bedroom. It is more secure to play gambling online while you do not need to have any direct intersection with anyone etc.

This is the thing i do like on bitcoin gambling which you can anytime play gambling games without any need of using your fiat. Just load up with some bitcoin and then you are eligible to play anytime and anywhere you want as long you do have the bitcoins to be used on and not only that you would able to play without disclosing your identity to the public or even on the site itself.

[margarete11]

I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.

correct most of the online casinos processed an instant withdrawal this is one if many factors why online casino with help of bitcoin has become a success , they could also play while staying anonymous there is no need for your credit card details and the likes , as long as you own a bitcoin you can play

[bitcoinmasterlord]

I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.

correct most of the online casinos processed an instant withdrawal this is one if many factors why online casino with help of bitcoin has become a success , they could also play while staying anonymous there is no need for your credit card details and the likes , as long as you own a bitcoin you can play

The simplicity in bitcoin betting, withdrawing bitcoin and depositing bitcoin will be attracting many players to play online gambling with bitcoins that is why the bitcoin gambling industry is so successful in this world. And you are right we no need provide any credit/debit card details to load our money to the gambling sites.

[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.

yes beside a huge bankroll to get started you need a good strategy planner on how they run the promotion effectively , not just throw the free money here and there , never easy really to start from zero building a bitcoin casino .

we can see that nowadays there a lot of new casino popping up but there also who shut down because of various reason, not successfully yet i think.

Starting up a casino or gambling business in any form is not an easy task at all. Business needs a lot of investment and market competitive strategies in order to beat your rivals in market. Indeed there are many casinos who got shut because they lacked proper market plans etc. this business needs to give customers something interesting and astonishing all the time so that they keep gambling for winning money.

That's why when starting an online Bitcoin casino one should be prepared to lose money in the first two or three months. I remember when Primedice were starting their business their faucet was 1k satoshis and it was growing fast with more bets you make even if you never deposited on the site. It was pretty easy to go to 100k from the faucet and then withdraw. I have no idea how much they lost because of that in their first months but now it's a very known and profitable site.

[MinMan]

I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.

I must say it is not about gambling being attached with bitcoin. All those markets that are conceded or somehow affiliated with technology, they are growing amazingly. Reason is so simple, world is going to be molded in a technical ball that have technology everywhere. So bitcoins are easy to use and that is the only one reason, this industry is just getting up more.

[Allura74]

I have a simple idea about this,the BTC gambling site is successful because the deposit and withdrawal process is not long.BTC is the only one that has a high value with a price that,especially the simple dice game is not complicated to play it just by picking up or down.the house of satoshi dice was fortunate to buy BTC at a small price at the time and sell BTC at a high price.

I must say it is not about gambling being attached with bitcoin. All those markets that are conceded or somehow affiliated with technology, they are growing amazingly. Reason is so simple, world is going to be molded in a technical ball that have technology everywhere. So bitcoins are easy to use and that is the only one reason, this industry is just getting up more.

Gambling industry is proven to be successful because of its nature that it brings fun and excitement and sometime gives an instant money
of every gamer. That is why there are many individuals who have get addicted. I believe that if you are in the world of gambling you get hard to control
even how easy others to say that every gambler need to put a limit but in reality it is hard for them to do.

[BunnyShibe]

First in my own opinion why bitcoin gambling is so successful industry is because lots of people who are using fiat currency and going into physical gambling just to play and now they knew about bitcoin has its more higher value than there using and now tey all play for the sake of the profit and never knew about the risk about it. Since they always playing everyday to earn money.,

In my opinion this industry is so popular and successful because everyone in this world wants the shortest way to earn money in a less time and for that gambling is the only way. Lose or win, depends upon the luck. Many people in this world and I am one of them try their luck in gambling and many people I have seen have become millionaire in minutes because of the good luck and skills in gambling.