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Author Topic: Did the use of online gambling increase with crypto moneys?  (Read 22727 times)
stomachgrowls
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May 10, 2018, 06:16:11 PM
 #21

in my opinion the link between crypto and gamble is with crypto you can gamble without your personal information known by others people and this is also called main cause why crypto gambling sites were increase rapidly and especially do gamble with crypto is very easy that you can gamble anytime without visiting physical casinos
One of the main reason for sure and this is why i do like to gamble on using up crypto because of such thing. Hide your identity while you do play gambling and you will really be comfortable on playing with just on the convenience of your own home even though others do still prefer to play on physical casinos.

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May 10, 2018, 07:56:11 PM
 #22

in my opinion the link between crypto and gamble is with crypto you can gamble without your personal information known by others people and this is also called main cause why crypto gambling sites were increase rapidly and especially do gamble with crypto is very easy that you can gamble anytime without visiting physical casinos
One of the main reason for sure and this is why i do like to gamble on using up crypto because of such thing. Hide your identity while you do play gambling and you will really be comfortable on playing with just on the convenience of your own home even though others do still prefer to play on physical casinos.
For that being anonymous. Crypto gambling sites really worthy for it. I see the people really looking to invest on gambling as a time pass game only. If they get the money they should not be greedy.
If they loose the amount they should control the emotions and avoid continuous betting.
I have big craze on cricket matches. So mostly focusing on sports betting websites and bet on my best team. Other than I don't go with casinos like you mate. That is really shit to me.
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May 10, 2018, 07:59:24 PM
 #23

I'm not sure it necessarily increased on the absolute scale, but certainly there has been a movement to switch from fiat to digital based online casinos. Bitcoin and other cryptos offer so many benefits that are hard to ignore, so there's no wonder casinos are starting to wise up.

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May 10, 2018, 08:04:40 PM
 #24

I'm not sure it necessarily increased on the absolute scale, but certainly there has been a movement to switch from fiat to digital based online casinos. Bitcoin and other cryptos offer so many benefits that are hard to ignore, so there's no wonder casinos are starting to wise up.
in fact I am one of the gamblers with fiat money that has switched to casino criteria and bitcoin, with bitcoin I can more freely to open and anyway without limitations, let some casinos set high betting limits that could be advantageous for double bets

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May 10, 2018, 10:53:02 PM
 #25

Since the use of cryptocurrency as payment methods for gambling,  I can personally say that I have constantly used cryptocurrency to pay for my games and I believe that the constant activities of buying and reselling of this cryptos for gambling can increase cryptocurrency.  Even, it's good to know that many people have entered and resumed bank into gambling again recently because of the protection of privacy.
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May 11, 2018, 04:43:30 AM
 #26

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
Definitely cryptocurrencies would have helped many people to gamble compared to what they have done with other payment systems in the past. If you notice, most of the other online payment processor are not allowing gambling because of lots of charge back scams. I read many times in this forum that many people got into gambling world only after they got got introduced into cryptocurrencies.

Cryptocurrencies definitely helped gambling houses to attract more gamblers whereas gamblers might have suffered a lot after they have started using cryptocurrencies for gambling. The simple reason for this must be, easy access to online gambling and they will not get afraid of losing money or spending money when they are using crypto currencies instead of fiats.

I am must be one of the example who are frequenting to gambling more often with cryptocurrencies whereas I was gambling in physical casino with fiat almost 6 months once. I do see this must be one of the disadvantage of using cryptocurrencies. I want to restrict myself on amount of crypto currencies to spend. So that I can avoid many and necessary losses which are impacting my targeted crypto savings.
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May 11, 2018, 05:53:40 AM
 #27

I'm not sure it necessarily increased on the absolute scale, but certainly there has been a movement to switch from fiat to digital based online casinos. Bitcoin and other cryptos offer so many benefits that are hard to ignore, so there's no wonder casinos are starting to wise up.
in fact I am one of the gamblers with fiat money that has switched to casino criteria and bitcoin, with bitcoin I can more freely to open and anyway without limitations, let some casinos set high betting limits that could be advantageous for double bets

Exactly, through fiat money sometimes it is not possible for us to spend more money for bettings. Through cryptocurrency we can have plenty of time to gamble in 24/7 basis, so online makes more comfortable to people who want to gamble daily when they have free time.
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May 11, 2018, 09:17:25 AM
 #28

I'm not sure it necessarily increased on the absolute scale, but certainly there has been a movement to switch from fiat to digital based online casinos. Bitcoin and other cryptos offer so many benefits that are hard to ignore, so there's no wonder casinos are starting to wise up.
in fact I am one of the gamblers with fiat money that has switched to casino criteria and bitcoin, with bitcoin I can more freely to open and anyway without limitations, let some casinos set high betting limits that could be advantageous for double bets

Exactly, through fiat money sometimes it is not possible for us to spend more money for bettings. Through cryptocurrency we can have plenty of time to gamble in 24/7 basis, so online makes more comfortable to people who want to gamble daily when they have free time.

yeah, I agree, besides that, if we want to use cryptocurrency, we don't have to use fiat but we can get the free coin to starting play the games. although it's too small, at least we can try first especially if we are new in the gambling industry. I think with existing the cryptocurrency, it will increase the use of cryptocurrency in gambling section because they can directly play the games if they have the coins.

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May 11, 2018, 10:27:48 AM
 #29

What is the link between crypto moneys use and online gambling?
There are casino's that allows you to gamble without any registration needed and that's the different of it from the traditional online casino. And it provides the gamblers to hide their identity so many gamblers don't want to show any of their information on the web so these casino's are doing a new way of gambling and with the use of crypto's that makes their feature stronger.

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May 11, 2018, 10:39:54 AM
 #30

Since crypto currencies became a hit, a lot of people desired to use it in a way of taking advantage of its anonymity it may be a good one or a bad one. Some of them used it illegally but knowing that they can still be caught since Bitcoin's anonymity is not at the fullest, most of them stop. Then there comes the online gambling with its cheap deposit and anonymous transaction so people can gamble freely.

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May 11, 2018, 10:44:01 AM
 #31

yes, with the ease of transactions, gamblers will be more comfortable to use crypto to gamble online.
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May 11, 2018, 11:36:42 AM
 #32

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?

There are gambling sites where you can gamble with any coin imaginable, yobit is one of them, but most sites accept only established coins like Bitcoin, Ethereum, Bitcoin Cash, Monero, Litecoin, Dash and some others. I think that gambling sites have started accepting other than BTC cryptos because of the high fees/slow transactions with Bitcoin. And although it is no longer an issue they continue accepting other alts just because there is no reason to stop doing that.

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May 11, 2018, 01:07:17 PM
 #33

With cryptocurrency the existence of my gambling increase, because I can easily to start gambling. With cryptocurrency, I can easily withdraw money with accounts that will not be known by others. I have been playing dice until now, not interested in finding interesting games out there.
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May 11, 2018, 01:51:37 PM
 #34

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
Lots of differences when it comes to methods between local fiat deposits and between crypto deposit thats why we do see the gradual booming up of crypto online gambling because of the convenience that it gives. Deposit duration is way more faster than traditional fiat deposits when it comes to fees not speaking into those times where crypto deposits do have high fees then it would be still considerable and why gamblers do make use of this medium because of these reasons.

I don’t know where have you deposited but where I have deposited fiat deposits are instant and they don’t charge any fees. I’ve used debit and credit cards and Moneybookers/Skrill.

So, based on my experience, that has nothing to do with it.

That is a different matter, here we are talking about how when crypto is used to do online gambling. If it means then when we use crypto then we can easily make deposit and withdraw. It is very useful in game gambling because we can be facilitated and not affected the origin of the casino. In conclusion, the use of crypto greatly facilitates all of us to perform various financial transactions, including when using bitcoin to perform various activities in gambling game.
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May 11, 2018, 04:26:16 PM
 #35

Usually I gamble to increase my fiat.
In crypto world, the risk are greater because I'm going to increase my crypto money while I'm also risk my crypto money as investment. As we know that cryptocurrency still consider as risky activity !
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May 11, 2018, 04:27:08 PM
 #36

in my opinion the link between crypto and gamble is with crypto you can gamble without your personal information known by others people and this is also called main cause why crypto gambling sites were increase rapidly and especially do gamble with crypto is very easy that you can gamble anytime without visiting physical casinos
One of the main reason for sure and this is why i do like to gamble on using up crypto because of such thing. Hide your identity while you do play gambling and you will really be comfortable on playing with just on the convenience of your own home even though others do still prefer to play on physical casinos.
For that being anonymous. Crypto gambling sites really worthy for it. I see the people really looking to invest on gambling as a time pass game only. If they get the money they should not be greedy.
If they loose the amount they should control the emotions and avoid continuous betting.
I have big craze on cricket matches. So mostly focusing on sports betting websites and bet on my best team. Other than I don't go with casinos like you mate. That is really shit to me.
I havent or didnt mention about playing on physical casinos as i had said above i do pertain on some people who do always prefer to play into those places.The thing i do see as an advantage on licensed gambling physical places are that you do have the security unlike on playing on online gambling sites which you wouldnt even know if they would ran of or scam its players you dont have any options to make once that thing happen.This would really end up on peoples preference as long we are comfortable it our own choice.

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May 11, 2018, 05:13:09 PM
 #37

With crypto you can send how much after funds you want if you use PayPal or any other regulated payment method they ask for submitting proof of funds , ask source of funds and even limit our account because of this gambling is a headache therefore people prefer to use crypto as it is not regulated so you are free to do anything
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May 11, 2018, 06:26:13 PM
 #38

I'm pretty sure a lot of people got easy access to gambling because of crypto. Specially before governments started trying to regulate crypto, and now there are a lot of site that ask for KYC, specially when you want to withdraw large amounts. But before that, and even though KYC was standard behavior for fiat gambling, it was possible to gamble with crypto with a high degree of anonymity.

Crypto gambling sites, usually don't ban users based on their country, so that helps as well. Of course that all this "easiness" results in a few scams in crypto gambling but there are a few respected websites out there with a lot of happy customers.

Finally, some early adopters got insanely rich when prices went to the moon, and were able to open online gambling sites by using crypto. So yes, I would say that online gambling increased because of crypto.

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May 11, 2018, 06:58:27 PM
Last edit: May 13, 2018, 07:36:49 PM by Aleister Crowley
 #39

We used different deposit methods and there was a lot of fees in the past. What is the link between crypto moneys use and online gambling?
different methods? a method like what does it mean? I do not see anything different right now ,,
if talking about crypto and online gambling I think it's very strong because the gambling gambling is in the interest of the gamblers
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May 11, 2018, 08:30:41 PM
 #40

I'm pretty sure a lot of people got easy access to gambling because of crypto. Specially before governments started trying to regulate crypto, and now there are a lot of site that ask for KYC, specially when you want to withdraw large amounts. But before that, and even though KYC was standard behavior for fiat gambling, it was possible to gamble with crypto with a high degree of anonymity.

Crypto gambling sites, usually don't ban users based on their country, so that helps as well. Of course that all this "easiness" results in a few scams in crypto gambling but there are a few respected websites out there with a lot of happy customers.

Finally, some early adopters got insanely rich when prices went to the moon, and were able to open online gambling sites by using crypto. So yes, I would say that online gambling increased because of crypto.
I share same opinion, online gambling has grow thanks to crypto. Crypto offersa lot more then fiat currencies, I`m the example of that, before I couldnt`t gamble, it was to complicated for me to deposit money in some online casino, with crypto I had a chance to play all gambling games for crypto.
Bitcoin started revolution, but in last couple months casinos are making their own tokens, we have ethereum based casinos, eos based casino, and bunch of others I`m sure, but I didn`t hear for them all. Gambling industry is definitely growing thanks to the crypto.



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