Crypto gambling?

[Mevz]

A lot of crypto-based casinos/lottos/betting platforms are coming to cryptoworld via ICOs. Personally, I think that blockchain is one of the best environments for that sort of projects. A lot of countries are regulating gambling so much, that even if you want to make a bet they will ask your identity card to mark how much you are staking. Either if you are good at betting, they won't let you make big stakes, what is unfair i think so.

P.s. I'm talking about Europe's markets.

I don't think most people would be ok with providing their identity, especially for gambling.

Either way, as fun as it might seem to 10x your coins by gambling - I think it'll be more or less pointless. Especially considering the fees, since you can't make big stakes like you said and so on.

Identity is the very best important here in crypto even in some ICO there is big possibilities that they would scam us and use our identities for the purpose of scams. In other words we will being accuse by the fault of the scammers and we were all in to blame.

Gambling is good its a test only to try your luck. But as I observed even in the real world when we play gambling like cards, dice and etc.. Our luck is only at the first and that's the time we are going to be addicted on the game and that is the time we cannot even think our money will just burn in a single period of time.

[huppimuk]

While it sounds always exciting to double your coins by gambling, you have to consider that the vast majority of gamblers loses in the long-term and the casino always wins.
I don't see a big difference between gambling with cryptocurrencies or fiat. Besides anonymity maybe.

That's a good point but then again, investing can also be seen as a form of gambling.

But yeah, if someone wants to waste their money, they can just waste it on casinos. The house always wins.

True, but is the stock market gambling too? And when you invest into crypto, there is no "house" that would want to win.

"but is the stock market gambling too? "

Well, in a way, yes. In the sense that there's a risk involved and you never know what can happen. But they're still fundamentally different, no one is trying to screw you over in stock market

The house would probably win in crypto gambling though for what it's worth.

Exactly, and that's what makes the difference in my opinion. There's no third party that's winning when you are losing.

Of course, it's risky to invest in stocks or crypto but I wouldn't call it gambling.

[amrulshare]

All crypto gambling site will scam you in long therm. It say fou what all fair, but you never know how exactly settings maded

this is not entirely true, as the gambling industry increases every year significantly. You need to look at some crypto gambling that has great potential in the future

[cryptocue]

Have you heard about this?

Basically online gambling / casinos for cryptocurrency. Would you ever consider it? Do you think it's completely pointless and just harms the crypto reputation? Thoughts?

Personally I think it's the exact same as gambling with fiat, so I don't really see the point in it.

Every markets has gambling,casino features because most of the traders are doing gambling,taking high risk to get high rewards this is the main point of joining gambling websites because you can earn a lot of money in  gambling but you could lose all your money if you dont have risk management when you are gambling,probabilities in gambling would be just the same like in trading.

[Ereun]

A gambling that may be a lot of enthusiasts and can enrich themselves in an instant through blockchain technology is a very good breakthrough But if a casino is lonely my visitors think it will hurt investors and have to do disinvestment,
I say that because I've taken part in gambling-based bounty and ultimately no progress.

[Destroyeroff98]

Have you heard about this?

Basically online gambling / casinos for cryptocurrency. Would you ever consider it? Do you think it's completely pointless and just harms the crypto reputation? Thoughts?

Personally I think it's the exact same as gambling with fiat, so I don't really see the point in it.

In each crypto currency there is a risk. Therefore, there are similarities with gambling.

[tedes]

I think there may be many gambling-related projects here in crypto and there are also gambling sites that allow crypto as the currency used, and I think it's okay to use crypto in terms of gambling because it can provide entertainment and not difficult in the market. so why not? Gambling is fun

[irsada]

A gambling that may be a lot of enthusiasts and can enrich themselves in an instant through blockchain technology is a very good breakthrough But if a casino is lonely my visitors think it will hurt investors and have to do disinvestment,
I say that because I've taken part in gambling-based bounty and ultimately no progress.

yes you're right but I personally will not do gambling in the crypto world.
I'm not very good at doing it. better investing in the long run than gambling because of the risk of losing too much.

[StasP]

This makes sense only for the owners of gambling sites. In the best case, it is a waste of time for other people. I saw several such sites. They were faucets and a casino at the same time.

[iamMhew]

Have you heard about this?

Basically online gambling / casinos for cryptocurrency. Would you ever consider it? Do you think it's completely pointless and just harms the crypto reputation? Thoughts?

Personally I think it's the exact same as gambling with fiat, so I don't really see the point in it.

its more convenient for those who held crypto currency to join/participate on some crypto gambling/casino to played. meaning this is not new. except of convenient your privacy are more secure on that and you can spend alot of money that has no limitation. meaning you can do all you want in crypto gambling except of cheating and lending.

[zenhu]

Ton of it, allready heard alot. Gambling in cryptocurrency isnt a pointless thing, its just gambling in fiat. And its allready very mainstream, i try bitcoin cause i heard dice game first.

[altercreed]

Gambling in fiat and gambling using crypotcurrencies are actually distinct in each other in ways of betting but they have only the same result (WIN or LOSE). Gambling entities and sites are using the blockchain now because cryptocurrencies can be used as bet so you can play anytime, anywhere.

[Ereun]

A gambling that may be a lot of enthusiasts and can enrich themselves in an instant through blockchain technology is a very good breakthrough But if a casino is lonely my visitors think it will hurt investors and have to do disinvestment,
I say that because I've taken part in gambling-based bounty and ultimately no progress.

yes you're right but I personally will not do gambling in the crypto world.
I'm not very good at doing it. better investing in the long run than gambling because of the risk of losing too much.

A gambler who often loses in general bets will wipe out his upset by sleeping. When he woke up, he became confused and anxious and started thinking about how to recover his financial finances from losses, maybe it's for beginners.
But Crypto retrieval in this online gambling activity has a very successful effect that demonstrates the enormous potential of utilizing blockchain technology in this sector, for those who have not understood in gambling I think should be avoided.

[mariayaz]

If Cryptocurrency is gambling so is Forex. But at least you don't lose everything in Crypto like Forex. We always have options to save our investment when market is breaking out.

[#CapsLOck]

All crypto gambling site will scam you in long therm. It say fou what all fair, but you never know how exactly settings maded

this is not entirely true, as the gambling industry increases every year significantly. You need to look at some crypto gambling that has great potential in the future

 I totally agree with your statement that doesn't mean that the gambling industry are all scam maybe some of them yea but not the entire because some gambling industry has really the potential to become one at the future.

[pprun]

Crypto gambling is a business form that wants to attract the gambling lord and gamblers. Business form like crypto gambling couldn't stop which consider as a form of profit or a way of people getting to risk their money. For instant income or instant outcome. Well of furture in crypto.

[Hatuferu]

If Cryptocurrency is gambling so is Forex. But at least you don't lose everything in Crypto like Forex. We always have options to save our investment when market is breaking out.

Crypto gambling is more risky, the moment you gamble there is a risk but since you are using cryptocurrency that the price may go up and down,
it's either you lose or win big time. You should know the risk when you are gambling so you know how to manage your money effectively.

[greenfomo]

already a lot of crypto gambling sites:

https://etheroll.com
https://cryptoluck.fun
https://www.crypto-games.net/casino/bitcoin

etc.

In the form of smart contracts, everything is transparent, so you *know* for sure you aren't cheated by the house.

Good luck!

[udidrone]

Have you heard about this?

Basically online gambling / casinos for cryptocurrency. Would you ever consider it? Do you think it's completely pointless and just harms the crypto reputation? Thoughts?

Personally I think it's the exact same as gambling with fiat, so I don't really see the point in it.

i support gambling with crypto because it is very simple to use and not really need to transfer my fiat for deposit money. it is not harms reputation of crypto, don't worry about it because crypto is like fiat, both of it is currency

[Aqcizromencez]

it depends on the choice of someone, basically gambling can not we determine the profit, but for your own profit we can determine igin profit how many examples we buy at the price of 10k then we will sell at the price 15k then we know we will profit 5k ..
there are some projects crypto themed casino ..