Bitcoin is not gambling

[Kesecer]

Bovada is nr1 gambling site. It has much more bitcoin users than all the other bitcoin sites together. They convert traffic into real players by far the best. This is why low or zero edge does not matter.
http://www.alexa.com/siteinfo/megadice.com http://www.alexa.com/siteinfo/bovada.lv -> traffic of bovada is by orders of magnitude higher
So they are by far not a legacy yet. It is bovada that is teaching ppl to gamble through bitcoins. All the btc community should be thankful to them.

There is still Betonline and few smaller ones and locals, but yeah many withdrew.
I know guys from 5d, I know well guys from Bovada, even in person. If you think that people like Calvin Ayre are here, with 9 digit revenue/yr, just to die off, then you are wrong. Like they were able to silently squeeze what they could from poker by restrictive policy, they will squeeze whatever they can from btc too.
So far simply normal gamblers are happy with them to use btc as transaction currency, not as betting currency. If the taste of players change, they will change too ofc. They have the money for that. But the taste so far did not change, that is the point (and I do not believe whole world will turn into cryptos that easily). Also please note that Calvin is involved in btc beyond gambling borders.

[1715459866]

1715459866

[Usine]

Bovada is nr1 gambling site. It has much more bitcoin users than all the other bitcoin sites together. They convert traffic into real players by far the best. This is why low or zero edge does not matter.
http://www.alexa.com/siteinfo/megadice.com http://www.alexa.com/siteinfo/bovada.lv -> traffic of bovada is by orders of magnitude higher
So they are by far not a legacy yet. It is bovada that is teaching ppl to gamble through bitcoins. All the btc community should be thankful to them.

There is still Betonline and few smaller ones and locals, but yeah many withdrew.
I know guys from 5d, I know well guys from Bovada, even in person. If you think that people like Calvin Ayre are here, with 9 digit revenue/yr, just to die off, then you are wrong. Like they were able to silently squeeze what they could from poker by restrictive policy, they will squeeze whatever they can from btc too.
So far simply normal gamblers are happy with them to use btc as transaction currency, not as betting currency. If the taste of players change, they will change too ofc. They have the money for that. But the taste so far did not change, that is the point (and I do not believe whole world will turn into cryptos that easily). Also please note that Calvin is involved in btc beyond gambling borders.

Yes I'm not arguing that Bovada is the market leader, but lets see what happens in a few years from now. Bitcoin has drastically lowered the barriers to entry in this market. Efficient players can run at a much lower edge rate.

[Renr]

Bovada is nr1 gambling site. It has much more bitcoin users than all the other bitcoin sites together. They convert traffic into real players by far the best. This is why low or zero edge does not matter.
http://www.alexa.com/siteinfo/megadice.com http://www.alexa.com/siteinfo/bovada.lv -> traffic of bovada is by orders of magnitude higher
So they are by far not a legacy yet. It is bovada that is teaching ppl to gamble through bitcoins. All the btc community should be thankful to them.

There is still Betonline and few smaller ones and locals, but yeah many withdrew.
I know guys from 5d, I know well guys from Bovada, even in person. If you think that people like Calvin Ayre are here, with 9 digit revenue/yr, just to die off, then you are wrong. Like they were able to silently squeeze what they could from poker by restrictive policy, they will squeeze whatever they can from btc too.
So far simply normal gamblers are happy with them to use btc as transaction currency, not as betting currency. If the taste of players change, they will change too ofc. They have the money for that. But the taste so far did not change, that is the point (and I do not believe whole world will turn into cryptos that easily). Also please note that Calvin is involved in btc beyond gambling borders.

Yes I'm not arguing that Bovada is the market leader, but lets see what happens in a few years from now. Bitcoin has drastically lowered the barriers to entry in this market. Efficient players can run at a much lower edge rate.

I agree. Been using Bovada for over a year now. All in all it is quality casino and sportsbook. Fast payouts. Bitcoin deposits are easy.

[dangful]

I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

I agree, Bitcoin isn't a gambling due to when investing you knew in the first place that the price will continue to rise month after month, week after week and even day after day.
Gamble on the other hand is just giving you 10% to 40% of winning chance.

[dangful]

gambling is love gambling is life

I really don't like or hate gambling but thia point, Bitcoin is being compared with gambling isn't the best par.
Bitcoin is a currency that will act like money but gambling is giving your money into the thin air although you believe it to yourself that there's a big chance of losing than winning.
Using Bitcoin for gambling is another story, so now Bitcoin is an asset but gambling is the worst thing to be the reason that your Bitcoin will be gone within a split of seconds.

[Rludd]

Don't gamble, just buy some bitcoins and hope it goes up...... um ya, wah did I just say?

[Bamel]

bitcoin gambling, using your bitcoin to buy shitcoins on exchanges, what's the difference

[Amial]

If you can't use something for gambling, then it wouldn't be money. Being able to use bitcoin for gambling is good, because there is a recipient willing to take bitcoin as payment, confirming that bitcoin has value. The gambling part is irrelevant.

[Kesecer]

I think bitcoin gambling benefits gamers. They can make deposits easier than trying to use credit cards on a lot of sites. I play a few sites. One of them is coinroster.com They have a decent rake which is only 5% I believe. They also have a pretty sweet referral of 50% of house rake so I get 2.5% of every dollar wagered by my referrals. I only have a handful of referrals so far but it does add up. They have a freeroll promo of 0.01 bitcoin right now at www.coinroster.com/promo/YTFREEPLAY

[Usine]

i think that online gambling should be regulated in some way, now with bitcoin, people feel even more secure to gambling(it sound like an oxymoron) but really it is the true, maybe put a limit on the bet or something?

because many of them can't stop playing until they lose all(and i know how they feel, fortunately i have good selfcontrol), and with bitcoin i find that it is even worse then regular fiat, because they can play with more anonimity

[Renr]

Until and unless it becomes stable, Simon is right. Demand currently is from those either seeking anonymity or speculation (treating it like stock in a start-up). It's real potential benefit for individuals in the public at large is eliminating cross-border transaction costs but currently price volatility makes using it for this purpose pointless as short-term changes in its value could dwalf any savings achieved.

[bocyaj]

I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

I agree, Bitcoin isn't a gambling due to when investing you knew in the first place that the price will continue to rise month after month, week after week and even day after day.
Gamble on the other hand is just giving you 10% to 40% of winning chance.

Bitcoin is always differ from gambling ,in gambling you will both win and lose.But in bitcoin you always win if you act wisely.You have buy when the price is seems to low and sell when the price reaches maximum value.If you brought and hold means, you will get more dollar than gambling.

[nagatraju]

Not gambling, but there is a risk, like in gambling. You invest money in buy bitcoin, and you don't know what will happen tomorrow with bitcoin, as in the game you can lose or win.

[killerfrost]

Yes, Bitcoin is not gambling. However, if you invest in Bitcoin just as you are playing a game, you can lose everything or make a huge profit from the difference between buying and selling in the investment. So, if you are a risk taker and want to make a lot of money, invest in Bitcoin

[developer101dev]

Yes bitcoins is not gambling, Those who are creating a black propaganda are people who might have bad experience on bitcoins and they are blaming btc for their lost of profit and that is the reason why they hate bitcoins.

[dangful]

bitcoin gambling, using your bitcoin to buy shitcoins on exchanges, what's the difference

LoL, that's my point earlier. Bitcoin isn't gambling but using Bitcoin to gamble is.
Puting your money into Bitcoin as investment isn't gambling because Bitcoin is proven price rising business so dumped or pumped you'll get more or you get less.
But overall it isn't gambling.

[jamelyn]

so maybe some bitcoin call is gambling because of gambling sites that you use is bitcoin. bitcoin is a currency you can invest and trade.bitcoin is also used to playing gambling like primedice stake vitbest and so much so maybe it's called bitcoin is gambling.

[Best Dreams]

Bitcoin and other cryptocurrency trading almost like a trade in share market.invest in ico is one good method of investing .soo how it be a gamble. its not a gamble it is a future transaction market and world economy

Its true bitcoin is not gambling bitcoin is different than gambling because in gambling you can lose and in bitcoin you cannot lose and I’m sure once if you lose in gambling you will never come back in gambling if we study bitcoin in detail so it teach good things not a bad so bitcoin is here to help us and we need to support bitcoin as much as we can you can invest here also you can’t trade as well and in a short time you can change your life.

[alkiw21]

I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

I agree with you. Bitcoin is not gambling but rather investment. Bitcoin is risky because the price tends to be unstable but bitcoin is not gambling. Indeed many people say bitcoin is gambling but here I think not. Bitcoin is an investment. That's my opinion.

[Topaz72]

gambling is love gambling is life

Yes it's true it’s not a gambling because bitcoin is a digital currency and you can earn here with your hard work you can invest here as well as you can trade here because bitcoin is a life changing currency and its never give lose and gambling is totally different then bitcoin in gambling you can lose and I’m sure those who lose in bitcoin they never come back in gambling again so I will request to everyone don’t mix bitcoin with gambling.