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sumangs (OP)
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July 27, 2017, 08:46:57 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Lampaster
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July 27, 2017, 08:51:12 AM |
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Gambling doesn't affect the value of bitcoin. On the Internet a lot of online gambling sites in dollars, but it does not help the dollar come close to the price of bitcoin. The price depends on demand and number of proposals.
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samuraijin
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July 27, 2017, 08:59:46 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
Agree with your thoughts, I also see every ICO token ETH that takes mission vision towards gambling and games is more interesting to others to invest from it I believe their interest in gambling sites that use bitcoin will also be higher in value |
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AwpDragonPoor
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July 27, 2017, 09:35:54 AM |
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I don't think that gambling actually does affect the price of Bitcoin that much. If it did, then other gambling sites that are using different currencies would be affecting their own currency.
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talkbitcoin
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July 27, 2017, 09:56:53 AM |
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it wasn't ineffective but it wasn't as effective as you think either.
gambling sites are one of the many types of businesses that are working with bitcoin. and obviously they have certain customers and that customer buys bitcoin to spend it there.
but it is not everyday you see people gamble, and certainly not everyone gambles with bitcoin. and there are so many more reasons for "value of bitcoin" that gambling is lost among them.
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bajing
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July 27, 2017, 10:18:48 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
For now not much, gambling only helps a bit in increasing bitcoin value but if all countries in the world legalize bitcoin it is not impossible gambling can help a lot in increasing bitcoin value because it is no secret that the velocity of money in gambling is very large. |
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faithupgrade
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July 27, 2017, 10:23:42 AM |
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Its not the gambling that makes bitcoin rise but the people who believe, invest on it. I am a stockmarket holder before, I withdraw half of my investment and bought bitcoin and altcoins. Profit in stock market is slow. Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
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Sarah08
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July 27, 2017, 10:26:34 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
I guess it doesnt really but i guess the supply of bitcoin been affected in the gambling site so i guess it is also affect in some sort of thing but not really affecting a lot of aspect in bitcoin market value but still bitcoin circulation in the market depend on supply and demand in the market. |
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scorge
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July 27, 2017, 10:29:48 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
I don't know how do you get that thinking or from what source to start this topic, but gambling never gonna affect something's value. Gambling is a method for you to earn something from what other people lose or get something from the stake you bet. It won't ever make something value gone up because it doesn't have any value in it. Never. |
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MCMXCVI
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July 27, 2017, 10:43:54 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
Totally agree, because gamblers are those who speculate on currency using major exchangers like Bitstamp. Similarly to investors, they also have the control over huge amounts of money making them another force to be reckoned. |
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spadormie
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July 27, 2017, 10:52:55 AM |
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Yes I think that gambling sites really affects the value of bitcoin. Because in gambling sites you got to deposit bitcoin in there for you to play. And it really increase the price of bitcoin because of the demand.
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evilgreed
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July 27, 2017, 11:04:14 AM |
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Gambling doesn't affect the value of bitcoin. On the Internet a lot of online gambling sites in dollars, but it does not help the dollar come close to the price of bitcoin. The price depends on demand and number of proposals.
Yes absolutely right! I don't think that the price of bitcoin is affected by gambilng, i mean what is the relation between the money used in gambling versus the price in the market? There are so many factors affecting the price of bitcoins but it doesn't mean or it doesn't related to gambling. It is just a game. |
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carlerha
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July 27, 2017, 11:07:55 AM |
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Yes I think that gambling sites really affects the value of . Because in gambling sites you got to deposit in there for you to play. And it really increase the price of because of the demand.
but i do not think so because we can see that most of the people are using USD for gambling and still USD is one of the most popular currency of the world. so i do not think that it can effect the value of bitcoin too much. |
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williamuk
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July 27, 2017, 11:15:30 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
Anything that increases the need to hold bitcoins, even on a temporary basis like getting some before paying for a service, will contribute to bitcoin's increase in value. This value is the 'currency' value of bitcoin and the only sustainable value it can acquire. The speculative value of bitcoin (or as a savings vehicle) can only be sustained by demand coming from it's use as a currency. |
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kynaz
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July 27, 2017, 11:39:24 AM |
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I don't think that gambling actually does affect the price of Bitcoin that much. If it did, then other gambling sites that are using different currencies would be affecting their own currency.
I agree with you, gambling does not affect Bitcoin because people who want to make money from gambling are greedy and want to make money faster. I think Bitcoin is a very influential market and gambling is just a small part of it |
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hatshepsut93
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July 27, 2017, 11:45:27 AM |
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Since I started bitcoin in 2015 there are already bitcoin gambling sites and today they are still existing. I'm just thinking if gambling is one of the factors in increasing the bitcoin's value.
Every successful Bitcoin business increases Bitcoin value, but the real question is how much? Bitcoin gambling boosts demand for Bitcoin, because people need to buy Bitcoin on exchanges to deposit it to their casino accounts, so how much Bitcoins are bought for gambling? I think it's possible to get some idea about this sum by looking at casino profits and then multiplying it by 1.95 (something close to effective House Edge). It would require a lot of work to find the sum of profit for all casinos, but lets say it's around 100 BTC per month, which transfers to 195 BTC buy support per month. Some part of this sum is later sold by players who won or casino operators and their investors. |
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Nahl
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July 27, 2017, 01:29:48 PM |
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most people currently more likely to choose bitcoin gambling sites as their gambling activities because gambling with bitcoin is very easy and usually register on the gambling sites not necessary to provide personal ID users but it doesn't have any effect for bitcoin value because even there are plenty gambling site but if we compare from the people who became an bitcoin users it's very less
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