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Author Topic: gambling in the crypto market  (Read 1409 times)
JL421
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June 06, 2018, 04:26:15 PM
 #21

Yes it is, but we still need trusted casinos as currently there is no casino which actually follows the true anonymous nature of bitcoin, there are sportsbook like nitrogensports which don't ask for kyc (as far as i can recall)  despite having a casino the only problem there is it's not probably fair which sucks
But speaking of dice it is perfect example and that has been growing flawlessly
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June 06, 2018, 05:04:07 PM
 #22

I like the concept of cryptocurrency which is anonymous, with anything I can use cryptocurrency as a bridge. With anonymous I can freely to do gambling, all we know in various countries gambling is strictly prohibited so to make a bet would be difficult to do. I guess if some gamblers know cryptocurrency can use for a gambling especially with anonymous, they will immediately use cryptocurrency quickly.
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June 06, 2018, 06:40:59 PM
 #23

Gambling used to be one of my favorite things that I did the most at times when bitcoin was less than $1000 and directbet was online. It was the only site I trusted the most because I never needed a registration there in order to bet on my favorite sport and can gamble any time at my convenience.

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June 06, 2018, 06:56:30 PM
Last edit: June 06, 2018, 07:08:06 PM by STT
 #24

There is space for both but obviously growth requires development of the protocol, usage and interaction across the community.   People tend to have a rigid idea of a concept rather anticipating how it might change and evolve.   Only a lack of imagination would say crypto is just for gambling, too many think you must hold a whole bitcoin to take part when it is not tied down like that.
   Growth mostly relies on efficiency and adaption so any business can take part, since we have much lower fees proceeding through 2018 I'm more optimistic of growth then I was last year regardless of price action.

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June 06, 2018, 07:10:45 PM
 #25

I think the crypto market now seems to be more suitable for gambling than for normal life, as it seems to solve a lot of things like fast, convenient, anonymous and easy to dodge. the law.
Are you saying yes and no? Grin Grin
At the moment i would say yes, but as soon as bitcoin starts going up and transactions get slowed down and miner fees hit the roof like it did earlier this year, than gambling with it would become rather impossible, i think in order for it to become fully subtitle and better than fiat for gambling the scalibility issue needs to be fixed, a problem which lightning network aims to fix, which is something that i am looking for this year.
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June 06, 2018, 07:51:06 PM
 #26

and very many people who view the negative side of bitcoin.
Those people doesn't know the use of cryptocurrency but they know how the use of fiat, that it's also use for gambling and other negative deals that we can't think.

That's a bias view for the public if they will not learn and open their minds that they shouldn't throw all those negativity to the crypto market. It's not even their market that we've been gambling with.
this is a real problem in the use of crypto currency, when people only think about what is in the initial value without knowing the actual function. although we do use crypto currency for gambling transactions.
(for gamblers), of course, strongly agree with what you say, well now another case with traders in the crypto market, they are affected by us (gamblers) because the public has considered bitcoin as a place to gamble, and very many people who view the negative side of bitcoin.
Yes people are confusing crypto currency with the gambling but these will be cleared once people get enough knowledge about what is crypto currency.The adoption might take time because the fiat system is been in the use for too long so people will gradually accept the future money system slowly.
But for gamblers the crypto currency is very good and also increases more people to gamble because we can hide our identity in crypto gambling.
a very late knowledge that causes this to happen. and it may take quite a while for them to distinguish bitcoin and gambling

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June 06, 2018, 08:44:49 PM
 #27

With this system gambling will be very rapidly growing in the world of crypto, where everything is anonymous in the absence of one's background and greatly facilitate the transaction without fear of a big threat because it is anonymous, now there are many examples of gambling that use cryptocurrency for more flexibility in playing a gambling, so it becomes an advantage and becomes a benefit for someone, I think most people here are aware of it.

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June 06, 2018, 09:43:16 PM
 #28

I think the crypto market now seems to be more suitable for gambling than for normal life, as it seems to solve a lot of things like fast, convenient, anonymous and easy to dodge. the law.
Are you saying yes and no? Grin Grin

I say yes here because of its advantages you mentioned. You don't need to show your face and send personal documents unlike the old and traditional fiat online gambling.

But I wouldn't say that you play to dodge the law, at least you need to be 18 if I'm not mistaken to play. What you gonna do in case you won big and the crypto online games requires you to send document before you can withdraw? Ask your parents for identification?

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June 06, 2018, 09:55:40 PM
 #29

I think the crypto market now seems to be more suitable for gambling than for normal life, as it seems to solve a lot of things like fast, convenient, anonymous and easy to dodge. the law.
Are you saying yes and no? Grin Grin
It is suitable for many markets but you do not know or you spend more time in gambling and seeing more times them in crypto. If a person will spend time in a place he think that place as dominant and when he go to other place then he understand that his older place was not dominated. If you go to other places like online stores then you will see it more suitable for shopping there.
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June 06, 2018, 11:23:07 PM
 #30

I think the crypto market now seems to be more suitable for gambling than for normal life, as it seems to solve a lot of things like fast, convenient, anonymous and easy to dodge. the law.
Are you saying yes and no? Grin Grin


Yes they can hide anonymously to the government all transaction regarding gambling in crypto's as digital anonymous currency, l but the site need to registered into the government to become legit as online gambling casino. because the government have laws punishable of those company not registered in the telecommunication under control by government of every country.
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June 06, 2018, 11:51:48 PM
 #31

I think the crypto market now seems to be more suitable for gambling than for normal life, as it seems to solve a lot of things like fast, convenient, anonymous and easy to dodge. the law.
Are you saying yes and no? Grin Grin
Gambling is very suitable and currently developed after the crypto. But I do not agree if you say that crypto is only suitable for gambling game. There are many other things that can be useful. Gambling is indeed one part and now the majority of people want to keep their identity and privacy. Online gambling is an option and becomes a thing played by many gamblers. I think most house gambling in the world could be closed because the more here then online gambling becomes the main choice, it is a proof of the progress of the times. Gambling will face the revolution and it is time for digitalization in the world of gambling to occur.
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June 07, 2018, 12:11:58 AM
 #32

Yes crypto and gambling are two things that are match together, there are a lot of countries that forbid gambling online so it makes people to difficult to gamble, even some of the online gambling need to submit document and identity, but since the crypto arrived everything is different, with the anonymity, easy withdrawal and deposit and avaliable in every countries, many people can gamble in yheir home comfortably without need to reveal their identity
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June 07, 2018, 01:08:52 AM
 #33

Totally agreed. Imagine yourself going to land-based casino which is far away from your place. Once you go there, you are determined that you either win or lose. And unfortunately, you get out of there with a pale face. At least losing at your home is better than losing at another place. I would not that real life gambling is bas at all. On the other hand, online gambling gives you more concentration and no one is looking at you.
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June 07, 2018, 01:22:52 AM
 #34

Yes crypto and gambling are two things that are match together, there are a lot of countries that forbid gambling online so it makes people to difficult to gamble, even some of the online gambling need to submit document and identity, but since the crypto arrived everything is different, with the anonymity, easy withdrawal and deposit and avaliable in every countries, many people can gamble in yheir home comfortably without need to reveal their identity
I agree.Gambling with cryptocurrency will be more observed as years goes by because as cryptocurrency will be more popular,more number of gamblers will be  find it more convenient too to gamble with crypto since their own identities remain anonymous and private unlike gambling with fiat currency.

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June 07, 2018, 03:27:45 PM
 #35

I think the crypto market now seems to be more suitable for gambling than for normal life, as it seems to solve a lot of things like fast, convenient, anonymous and easy to dodge. the law.
Are you saying yes and no? Grin Grin
Yes,it is.

Gambling is now become more anonymous and convenient for everyone with the crypto currencies ad even the non gamblers are started to gamble because of crypto currencies and online crypto gambling saves much time and even we can gamble if we are from gambling banned countries.So crypto is a boon to the gambling industry.

Indeed. With developments and enhancements made specifically for cryptocurrencies, online gambling has become one of the most convenient way of gambling. Not to mention, the price of cryptocurrencies have been stable for a while now which makes this as the perfect opportunity to gamble without losing so much. The anonymity factor and convenience it provides eliminate the purpose of going to casinos and it saves the hassle for individuals who are looking for entertainment anywhere.
Before you start gambling, it is your duty and obligation to do research before playing into random websites. There are online gambling sites that have been around for years and they have started to build their reputation due to trust, confidence and customer support they provide to their customers.

R


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June 07, 2018, 03:57:37 PM
 #36

this is already mentioned before that the advantages gambling use crypto is it will keep you still anonymous and gambling with crypto more easy rather than gambling with fiat because you can gamble even at your own room however indeed some people in my country only considering their crypto asset for their gambling activities and usually their favourite coin for gamble is bitcoin or Doge coin

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June 07, 2018, 06:33:24 PM
 #37

and very many people who view the negative side of bitcoin.
Those people doesn't know the use of cryptocurrency but they know how the use of fiat, that it's also use for gambling and other negative deals that we can't think.

That's a bias view for the public if they will not learn and open their minds that they shouldn't throw all those negativity to the crypto market. It's not even their market that we've been gambling with.
this is a real problem in the use of crypto currency, when people only think about what is in the initial value without knowing the actual function. although we do use crypto currency for gambling transactions.
They keep on talking about the negative side but they are not willing to hear the good sides of it.

And when they see people who are happy sharing their good moments together with profits, those people who are thinking negativity about crypto will turn into a bandwagon.

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June 07, 2018, 07:05:47 PM
 #38

yes, for people which like to play gambling, they can play without sending any document and they can start to play the games. and with using cryptocurrency, people can play with anonymous and they can play in everywhere and every place they want especially if they can have vpn to hide their IP. besides that, they can move from one site to another site to play another game without any problem.

If you gamble IP visible to all what is the problem you gonna get bro. These kind of things will be taken to your mind when you want to invest the big fund to the gambling site so you will not gonna do that however correct then why things these bro.
I wanna invest on gambling platform first I use to check the trusted platform to gamble then invest few funds on betting bro.
I really have some hope on betting resource than other way of gambling.
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June 07, 2018, 09:02:36 PM
 #39

this is already mentioned before that the advantages gambling use crypto is it will keep you still anonymous and gambling with crypto more easy rather than gambling with fiat because you can gamble even at your own room however indeed some people in my country only considering their crypto asset for their gambling activities and usually their favourite coin for gamble is bitcoin or Doge coin
It is right as the gambling industry also confirmed that with the crypto their industry got some sweet fruits and they got a large number of more gamblers to their industry. Actually the problem with fiat was that not much people can gamble with that like those people who were not allowed from their family or from their states or those in whom society it was not considered as good thing.
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June 07, 2018, 10:27:13 PM
 #40

Gambling used to be one of my favorite things that I did the most at times when bitcoin was less than $1000 and directbet was online. It was the only site I trusted the most because I never needed a registration there in order to bet on my favorite sport and can gamble any time at my convenience.
Gambling is the part of crypto market as well and many gamblers like to use crypto coins and win on any game or may lose. You can get instant profit while gambling and this is the main reason gambling is now entered into the crypto market. One can get huge profit in crypto gambling while one can not get more profit other than crypto gambling because we know that crypto coins are valuable and that of marbles are less valuable than crypto coins and especially the Bitcoin.
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