Did the use of online gambling increase with crypto moneys?

[xWolfx]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

Yeah that is the problem with the crypto-world, the compliance part is something optional since they can operate practically everywhere with internet connection.

That lack of formality in that particular aspect makes it really difficult to analyze data and being able to visualize it and show it to the public which makes researching it extremely difficult. At least the increase is obvious like you said and for that part the question is answered.

Now another question rises, how much did it increase?

[michellee]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

That is because they are block by the regulations from the government. But we don't know about the online gambling because I don't think that they are bound with the regulation from the government. I think for that gambling website, they can calculate their total revenues but they won't share the right number to public because that will makes people and government suspicious.

[imstillthebest]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

That is because they are block by the regulations from the government. But we don't know about the online gambling because I don't think that they are bound with the regulation from the government. I think for that gambling website, they can calculate their total revenues but they won't share the right number to public because that will makes people and government suspicious.

its not bad to share your total income thru the public or on online because other big companies and big business personalities or business man do already done that  . we can see their lifetime income and net worth on the internet   . if they arent afraid then why should we ? btw  back on topic ,  the use of online gambling increase cryptos money because people find it more convinient to gamble online than compare to offline  .

[Botnake]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

That is because they are block by the regulations from the government. But we don't know about the online gambling because I don't think that they are bound with the regulation from the government. I think for that gambling website, they can calculate their total revenues but they won't share the right number to public because that will makes people and government suspicious.

There are sites that are transparent to the public, especially if they offer an investment option.
I know site that are transparent and they are usually a dice gambling sites, this is based on my experience because I have also invested in casino bankroll in the past.

[Polar91]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

It's because there is no central instutions are whatsoever it called that monitors the volume of money being gambled online. Unlike in trading, there is a coinmarketcap; because of thus we can easily say if the market  has a high volume or not. On the other hand, we can't apply it to gambling since it's not needed at all.

[jrrsparkles]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

There is no exact stats can be found how much players were gambling on a site but we can find the registered users on each sites which even can tell the difference from traditional casinos to online crypto casinos.Gamblers like anonymity and conveninece so internet gambling is more opt that going for real life casino which makes it to be more successful.

[Fredomago]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

They will not reveal that information and it will be hard to determine not even they started to utilize the used of cryptocurrency, it's still difficult to verify the actual amount of shared crypto has brought to online gaming, they are just enjoying the system and take advantage from it.

[TheUltraElite]

It's because there is no central instutions are whatsoever it called that monitors the volume of money being gambled online. Unlike in trading, there is a coinmarketcap; because of thus we can easily say if the market  has a high volume or not. On the other hand, we can't apply it to gambling since it's not needed at all.

Volume being gambled can and probably will be monitored soon. Because it does not come under any law to regulate the use of crypto thats why its so lenient now. But we can already see exchanges being monitored and KYC coming in hot. Soon gambling industry will also follow suit if there starts an uproar from government officials about it. I am sure this has happened before and they are always bribed to be silenced - in a way the government acts like a mafia extorting money from every company running in its neighborhood.

The use of crypto will not reduce even if that happens. There will always be people who love to gamble and so will the casinos run like always.

[ethereumhunter]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

There is no exact stats can be found how much players were gambling on a site but we can find the registered users on each sites which even can tell the difference from traditional casinos to online crypto casinos.Gamblers like anonymity and conveninece so internet gambling is more opt that going for real life casino which makes it to be more successful.

Although there are no exact stats, I think gambler who already play using fiat has changed their gambling places into online gambling because they can easy to play any games in the online gambling. I think they will like to play in online gambling because they don't have to pass any verification to start to play.

[DoublerHunter]

There was an obvious increase in online gambling after cryptocurrency was invented, but it is extremely difficult to quantify the volumes. Most of the gambling sites operate in a semi-legal manner and they will almost never reveal their total revenues and profit.

There is no exact stats can be found how much players were gambling on a site but we can find the registered users on each sites which even can tell the difference from traditional casinos to online crypto casinos.Gamblers like anonymity and conveninece so internet gambling is more opt that going for real life casino which makes it to be more successful.

Although there are no exact stats, I think gambler who already play using fiat has changed their gambling places into online gambling because they can easy to play any games in the online gambling. I think they will like to play in online gambling because they don't have to pass any verification to start to play.

There are so many instances that gamblers used crypto as to gamble because as what you have said it was very to access online gambling site without having any verification. I noticed this year there's a lot of online gambling and some of them are here wanted to promote us and to be well known. I think, these online gambling industries now will have progress and it will widely use by the gamblers that less hassle-free.

[syamster]

In my own opinion, I don't think that online gambling has an affect on increasing the price of cryptocurrencies because it has no affect on the volumes. But it is much easier to make money and cryptocurrencies by playing in a online gambling because gambling is one of the easiest way to make profit. Recently, i have discovered a bitcoin casino which is very safe to play and it has a lot of famous casino games that you could actually play and enjoy like poker, baccarat, blackjack, roulette, and slots. The best thing about this site is it has great bonuses that you can receive.

I personally think that if people will use more online gambling so people will be able to get more crypto currency, as gambling has more chances to earn and for this we will not have to wait so long to get our profit, bitcoin casino is good I have heard about it so you should try it and yes earning crypto with gambling is best way it gives more chances than trading and investing but it has not connection with price rise and fall.

[TheUltraElite]

Although there are no exact stats, I think gambler who already play using fiat has changed their gambling places into online gambling because they can easy to play any games in the online gambling. I think they will like to play in online gambling because they don't have to pass any verification to start to play.

Verification and anonymity is one thing and feasibility of using crypto to deposit is another thing. While there are people who are trying to do shady stuff by offshoring the money through these gambling sites as a temporary wallet, these tainted sources end up being KYCed and they often land up in this forum as "scam accusations".

But every casino has its own terms and conditions for such cases, obviously they will not take any blame from authorities for their players sending in fraudulent funds.

[hahay]

I think yes, as far as I know online gambling users for crypto continue to increase because they think this is another way to invest even though I don't feel it. Many of my friends are not gamblers but because of crypto gambling, they are slowly putting their interest in this industry. That way, I'm sure there are also many things out there similar to what I experienced in this small scope and that's another reason why the industry continues to grow.

[cryptjh]

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?

The online gambling with fiat money is a huge business, that's growing each year, without knowing the numbers I think that crypto gambling is still a very small business compared with the fiat money world, however, this will probably slowly change in the years and decards to come.

[neonshium]

In my own opinion, I don't think that online gambling has an affect on increasing the price of cryptocurrencies because it has no affect on the volumes. But it is much easier to make money and cryptocurrencies by playing in a online gambling because gambling is one of the easiest way to make profit. Recently, i have discovered a bitcoin casino which is very safe to play and it has a lot of famous casino games that you could actually play and enjoy like poker, baccarat, blackjack, roulette, and slots. The best thing about this site is it has great bonuses that you can receive.

There is no point in your comment on gambling as the easy way of making profit because you there are equal chances to lose and win. However, strategic games such as poker can really make it happen because you are the controller and you can apply strategies. Online sites are good for gamblers as well as for crypto coins as these coins when bring into use in many ways such as gambling then its use will increase and these coins will have good future.

[Netnox]

During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.

[Duzter]

Once there was a saying that bitcoin is gambling, and based on that more people don't get into the usage of bitcoin. This is all because of the big usage of bitcoin into gambling. As days passed people began to know much about the technology than the usage which made it a more powerful value token. Crypto money has increased the access to gambling where there is no need to worry about big transaction fee and other issues that we face with fiat based gambling websites.

[omonuyak]

During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.

This is what really happened!  That is why we are having more gambling sites base on cryptocurrencies this days.  I have been in cryptocurrencies business for something now and from my own analysis gambling industry is much favour now than any other cryptocurrencies investment and uses.

[sunsilk]

During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.

It's true, casino's/online gambling helped to make the use of bitcoin more popular and favorable to most. It offers anonymity that we can't do before with typical online casinos that's based locally or offshore.

Before, it's more bitcoin gambling only but since the increase of crypto's came and altcoins are also becoming popular. We have now option to gamble whether with bitcoin or altcoins but still for some reputable casinos, they chose to stay to a bitcoin-only casino.

[monalia]

During the old times, there was hardly any outlet to spend your cryptocurrencies. And the exchange rates were so low, that converting to fiat was also not the option. So many of the users who had cryptocurrencies in their wallets (from mining or freelancing) used to gamble them away in Satoshi dice. Also, when online casinos such as Prime Dice came up, it became possible to gamble completely anonymously (earlier with credit cards, this anonymity was not possible). This obviously caused a large increase in the number of gamblers.

It's true, casino's/online gambling helped to make the use of bitcoin more popular and favorable to most. It offers anonymity that we can't do before with typical online casinos that's based locally or offshore.

Before, it's more bitcoin gambling only but since the increase of crypto's came and altcoins are also becoming popular. We have now option to gamble whether with bitcoin or altcoins but still for some reputable casinos, they chose to stay to a bitcoin-only casino.

Gamblers are one of side who can give some certain amount of bitcoin to circulate in the marketplace.

When there is huge amount in your wallet and you are whale means please go ahead with the gambling site and enjoy the gambling with the funds buddy. Lets have the cool gambling experience on increasing the funds.