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Author Topic: Can the online Casino industry help Bitcoin?  (Read 685 times)
Kotone
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March 05, 2018, 08:18:51 AM
 #21

So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

Yes greatly. A lot of the fear surrounding bitcoin is that it might not be viable for any investments or business that are already up. And if an online casino would integrate it, it would surely further the cause of bitcoin being viable and that a lot of users are in it and it can show other investors and business owners how effective business woth bycoin can be and how it can increase their sales or how many people would be joining just by them being able to accept bitcoin as payment and as such it can cause a rippling effect for the people there involved

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March 05, 2018, 08:29:50 AM
 #22

So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

Bitcoin is good solution for gambling. In nowadays fees is low too and time of confirmation low too.
I think gambling industry help Bitcoin and price will be rise, also will get more users using bitcoin

I agree with you that there are many people who like to gamble, and if Bitcoin is used in the gambling industry, it will help to raise the price of bitcoin.
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March 05, 2018, 08:47:59 AM
 #23

So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.
Online casino industry also useful to Bitcoin hike but it is not a huge pumping in the Bitcoin. The only way is big MNC companies are investing in Bitcoin automatically it will going to moon. Other investments are little bit raise in the market. Many peoples are not interested to invest in gambling it is not safe in any where and few peoples are only investing in online casino industry.

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perova93
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March 05, 2018, 08:49:13 AM
 #24

I do not think that the casino will be able to help bitcoin. Here there is a question about two things speaking about bitkoin in a head the benefit and profit, some income of the decent sum is scrolled. A casino - it's just a waste of money and this is the gambling that gives the casino. But more gives loss of money and even property.
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March 05, 2018, 08:57:20 AM
 #25

I do not think that the casino will be able to help bitcoin. Here there is a question about two things speaking about bitkoin in a head the benefit and profit, some income of the decent sum is scrolled. A casino - it's just a waste of money and this is the gambling that gives the casino. But more gives loss of money and even property.
But anyway because many people who are addicted to gamble with bitcoin, i think it can make them continue to buying bitcoin for gamble. By continuously they buying bitcoin to gamble.. of course it can make bitcoin price to be higher, and more popular among many people, although it's somewhat less impressed generally among the general public.
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March 05, 2018, 08:58:28 AM
 #26

But in this case the only winner is the bank / Casino. So it is only worth investing if you are at the side of the banks.

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March 05, 2018, 08:59:48 AM
 #27

Online casino and other types of gambling shit is always robbing your wallets and I am not sure how they can help grow the economy of the bitcoin. I mean the economy, a healthy one can be achieved if there is always two way transactions between house and player. Mostly in gambling the thing runs on the luck and how easy the algorithm is. We know very well that we always end up loosing in front of the house because that is how it works. If this keeps going on unidirectional then crypto might not circulate properly and the casinos may get their wallets fat and fat all the time. I dont think that is helping the bitcoin in anyway. Im believer of liquid capitals and when the capital get condensed at one place then it disturbs the rest of the market.
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March 05, 2018, 09:07:28 AM
 #28

Yes, i think, because I saw more gambling ICO now and I think they will help  and support bitcoin community. But it depends, many people now are addicted to the casino so I think if they adopt bitcoin this will be as good idea.
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March 05, 2018, 09:08:37 AM
 #29

I dont think that online casino industry help bitcoin because most of the players end up lossing and I think  its not fair unlike in the actual casino.Many people lose there bitcoin because of being addict in casino so I dont think it really help the bitcoin industry.
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March 05, 2018, 09:20:01 AM
 #30

So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

I think yes gamble is so addictive lots of people are going to use bitcoin as payment for gambling, if that happens then lots of gamblers will buy bitcoins and it will help to inflate the bitcoin value. I think the online casino will help but it will not give that huge impact on bitcoin market, not all people are in at the online casino, not all people like gambling but most of the people who gamble at the online casino have very large holdings at bitcoin.
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March 05, 2018, 09:22:28 AM
 #31

this bitcoin can not help the casino industry because bitcoin investor loses online and loses interest in bitcoin so bitcoin users and investors are overtaken and its price drops and at any time no good will be available gambling.
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March 05, 2018, 09:26:09 AM
 #32

If the bitcoin will use as the convertion of token or chips in the online casino then it may help to boost the bitcoin price. Since a lot of people are always want to gamble, it has the possibility for the bitcoin to use as the exchange of the chips. And if it will happens, the demand of bitcoin will move up and it will result for the increasing of the bitcoin's price.

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March 05, 2018, 09:29:44 AM
 #33

Back then there was only mining to gain bitcoin but as for gambling was introduce it became very popular because even if your at home you can play gambling, and the transaction of chips to play are now digital or using bitcoin you can play a bet, And now that many Cryptocurrencies were introduce there are many coins that you would choose and gain it when you win in a bet, It surely pump the value of bitcoin back then because gambling was ever since popular then they apply bitcoin to it, It became a success.
BingoDog
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March 05, 2018, 09:31:39 AM
 #34

I'm not so sure. At first bitcoin was often related as a currency tied to gambling and illegal activities so that gave it a bad reputation.
After that a lot of efforts has been done for bitcoin to get the status that deserves and for people to see how many other opportunities bitcoin can give. So if you ask me I would say that online casinos are defienetely not the best way how to promote bitcoin and this will not effect it in some significant positive way.

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March 05, 2018, 09:41:19 AM
 #35

So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

Yes I also knew several projects that involve casino coins. Its online casino wpthat uses their coins to play. After that you can buy their coins in eitheir bitcoin or ethereum. It is the new trends now. I believe this will help bitcoin become more in demand in the industry. Also, rich people will continue to use and invest in bitcoin.

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March 05, 2018, 09:45:30 AM
 #36

Some of the really big American online casinos have started accepting bitcoin and other cryptocurrencies because the credit card companies tend to block deposits to casinos.

In the early days (2011 - 2013) people gambled quite a lot with bitcoin. These days they hoard their bitcoin and gamble with litecoin or doge as they arn't psychologically afraid to lose those coins.

 
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March 05, 2018, 10:05:37 AM
 #37

Some of the really big American online casinos have started accepting bitcoin and other cryptocurrencies because the credit card companies tend to block deposits to casinos.

In the early days (2011 - 2013) people gambled quite a lot with bitcoin. These days they hoard their bitcoin and gamble with litecoin or doge as they arn't psychologically afraid to lose those coins.

Yes, some of the biggest "bitcon casinos" is actually bases in US , but also in Scandinavia, Europe, Russia and asia, the start to pop up now.
I know for a fact that the fast payout attract a lot of players from Europe, also some gamblers see a potential in much bigger winnings...This is how one player describe it for me,

- If i win 0.5 BTC today, it can be so much more worth in a couple of months, then if i won the same amount in USD or Euros....

this is how gamblers think:) but this is why i also think that the players will start to play more in crypto casinos 2018.

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March 05, 2018, 10:11:24 AM
 #38

So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.


Yes, it will make cryptos more popular, as there are a lot of players all around the world, so it will definitely work, demand will rise, so it will affect the price.

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March 05, 2018, 10:12:40 AM
 #39

So i have a serious question about Bitcoins...

First a little bit of my self, I work in the online casino industry since 5 years ago, and last year and the beggining of this year i have find out something incredible - The new ctrypto casinos.

Last month i counted 14 new Casinos that offer their players to play with Bitcoins, and hear it becomes popular among the players. faster payouts, potential higher winnings, and more games. If the traditional casino players start to buy bitcoins, i assume that is good for the Bitcoin market?

Do you think that the online casino industry can help bitcoins to rise more among the mainstream audience? Please come with feedback.

Not only casino ,many sectors start to accept the bitcoin.So this will impact the price for sure.Do you know KFC,Amazon start to accept the bitcoin as a payment.Now new stone is added to the bitcoin crown.By this the price of bitcoin will reach the huge value.
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March 05, 2018, 10:39:08 AM
 #40

Well the "partnership" between casino industry and bitcoin is not new, and they definitely work well together. To be honest, since we still don't have many merchants using bitcoin, the only well established bitcoins industries are trading and gambling. They look like a perfect match, and it wouldn't surprise me to see the online gambling industry increasing it's bitcoin offers. Of course that if regulation starts going strong on crypto casinos as well, then it's big advantage vs fiat (anonymity) will somehow decrease.
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