Cryptocurrency In The Gambling Industry: All You Need To Know About Bitcoin

[Capt00]

Or just in other words, the ease of usage is what made crypto currencies a popular choice when gambling. There are people out there that likes to stay anonymous and tends to keep their real life as private as possible. For them, crypto currency is the best choice. Again, among different crypto currency, we can see people loves to bet with bitcoin since it is the most popular crypto currency.

Keeping anonymous is one thing that people looks by, it is crypto features citing advantage over casinos. For this reason, some high profiled person will choose crypto gambling and keeping their life away from the crowd. This means that crypto has a better future and everyone looks this potentiality hitting the market demand as it gives satisfaction to all market players.

[hahay]

Or just in other words, the ease of usage is what made crypto currencies a popular choice when gambling. There are people out there that likes to stay anonymous and tends to keep their real life as private as possible. For them, crypto currency is the best choice. Again, among different crypto currency, we can see people loves to bet with bitcoin since it is the most popular crypto currency.

I'm not sure about cryptocurrency making gambling easier, because as far as I'm aware crypto gambling is increasingly popular because indeed the crypto users themselves have increased so they are looking for ways to be able to get crypto from many ways and maybe faster and one of them gambling is their choice. The use of crypto is not easy for ordinary people because I also experienced it at the beginning, so with the need for a good understanding of using crypto, I'm sure at least they don't think of gambling on using crypto at first.

[FlightyPouch]

Privacy or Anonymity, that is the two words that summarize why Bitcoin or any other crypto currencies are used in gambling. I do love gambling, I do it with my friends to have fun but online gambling is different. You know who you are gambling with offline but online, there is a risk that is the reason why people feel safer using crypto currencies. That is also the reason why people don't usually like gambling sites with KYC.

[Docnaster]

Privacy or Anonymity, that is the two words that summarize why Bitcoin or any other crypto currencies are used in gambling. I do love gambling, I do it with my friends to have fun but online gambling is different. You know who you are gambling with offline but online, there is a risk that is the reason why people feel safer using crypto currencies. That is also the reason why people don't usually like gambling sites with KYC.

Yes, anonymous transfer and transactions of the BTC across the Lightening Network is one of the major perks of cryptocurrency in gambling. Online gambling has now become such a market that cryptos and casinos are being developed all the time. Cryptocurrencies have made possible for many users to embrace technology and gamble from the comfort of their homes either playing with friends or random people, it makes no difference since you're in for the game/experience and hopefully some profit 

[Visbay]

Cryptocurrencies has really helped gambling industry more than any other industry. I honestly believe that with the way things are going we are going to have all the gambling companies adopting blockchain technology! It is clear that in this forum alone we have over 50 gambling sites been discussed daily here and that means it is most favour.

I agree, gambling in cryptocurrencies are becoming really popular to may gamblers because of being anonymous while gambling and also gambling through blockchain technology is safer and your winnings can be processed in just a matter of minutes.

Yeah now a day people love to gamble with crypto currency because it is profitable and gives a chance to earn more crypto currency, we are well aware of it that crypto currency like bitcoin is has good value in market, bitcoin is best crypto coin that we can invest our money so if you are having an opportunity to get I with gambling it is such good opportunity.

[shoreno]

Cryptocurrencies has really helped gambling industry more than any other industry. I honestly believe that with the way things are going we are going to have all the gambling companies adopting blockchain technology! It is clear that in this forum alone we have over 50 gambling sites been discussed daily here and that means it is most favour.

I agree, gambling in cryptocurrencies are becoming really popular to may gamblers because of being anonymous while gambling and also gambling through blockchain technology is safer and your winnings can be processed in just a matter of minutes.

Yeah now a day people love to gamble with crypto currency because it is profitable and gives a chance to earn more crypto currency, we are well aware of it that crypto currency like bitcoin is has good value in market, bitcoin is best crypto coin that we can invest our money so if you are having an opportunity to get I with gambling it is such good opportunity.

Gambling is risky and you cant just say that its profitable  even when you use crypto your chances of winning is still fairly slim  .  crypto such as bitcoin is best to use for investing or trading but not really on gambling because its transfer time is slower and it also cost more fees   . there are more better currency to use when gambling  like for example doge coin and xrp since they are more lighter with lesser fees   

[michellee]

Cryptocurrencies has really helped gambling industry more than any other industry. I honestly believe that with the way things are going we are going to have all the gambling companies adopting blockchain technology! It is clear that in this forum alone we have over 50 gambling sites been discussed daily here and that means it is most favour.

I agree, gambling in cryptocurrencies are becoming really popular to may gamblers because of being anonymous while gambling and also gambling through blockchain technology is safer and your winnings can be processed in just a matter of minutes.

Yeah now a day people love to gamble with crypto currency because it is profitable and gives a chance to earn more crypto currency, we are well aware of it that crypto currency like bitcoin is has good value in market, bitcoin is best crypto coin that we can invest our money so if you are having an opportunity to get I with gambling it is such good opportunity.

So we know that we have another option to play gambling and cryptocurrency offers an easy way to place the bet. With cryptocurrency, we know that people can hide their identity, they can play as anonymous in any gambling site. But of course, they still need to limit their money in the gambling games because if they are not doing that, they will losing all of their money without having a chance to recover the losses.

[Tungsten-1]

Cryptocurrencies has really helped gambling industry more than any other industry. I honestly believe that with the way things are going we are going to have all the gambling companies adopting blockchain technology! It is clear that in this forum alone we have over 50 gambling sites been discussed daily here and that means it is most favour.

I agree, gambling in cryptocurrencies are becoming really popular to may gamblers because of being anonymous while gambling and also gambling through blockchain technology is safer and your winnings can be processed in just a matter of minutes.

Yeah now a day people love to gamble with crypto currency because it is profitable and gives a chance to earn more crypto currency, we are well aware of it that crypto currency like bitcoin is has good value in market, bitcoin is best crypto coin that we can invest our money so if you are having an opportunity to get I with gambling it is such good opportunity.

Gambling is risky and you cant just say that its profitable  even when you use crypto your chances of winning is still fairly slim  .  crypto such as bitcoin is best to use for investing or trading but not really on gambling because its transfer time is slower and it also cost more fees   . there are more better currency to use when gambling  like for example doge coin and xrp since they are more lighter with lesser fees   

Well using crypto to gamble does not really increase your chances of making more money. Crypto just keeps your identity hidden only if you are not willing to go through a KYC. Profits and wins in a gambling depends on your experience in the gambling area and on the strategies you apply during and before the game. Having certain limits at gambling are important to keep you secure and prevent you from huge loss.

[dataispower]

Very unique post on blockchain gaming/gambling. I really think gambling on blockchain will soon take the lead from traditional means. This is because every player is sure of free and fair (transparent) game play, no bias since nothing is hidden on blockchain per say.  Also, another aspect to lookout for with gambling platforms on blockchain is security, so you don't lose your crypto assets.

[Viscore]

Very unique post on blockchain gaming/gambling. I really think gambling on blockchain will soon take the lead from traditional means. This is because every player is sure of free and fair (transparent) game play, no bias since nothing is hidden on blockchain per say.  Also, another aspect to lookout for with gambling platforms on blockchain is security, so you don't lose your crypto assets.

Yes. Crypto gambling is more than secured than the traditional one knowing all are in transparent. And the fact that we have KYC now that is properly imposed without malice involved, all our winnings will be properly kept unlike living in traditional gambling which is more prone on robbery or any criminal acts done by losers.

[maydna]

Very unique post on blockchain gaming/gambling. I really think gambling on blockchain will soon take the lead from traditional means. This is because every player is sure of free and fair (transparent) game play, no bias since nothing is hidden on blockchain per say.  Also, another aspect to lookout for with gambling platforms on blockchain is security, so you don't lose your crypto assets.

Yes. Crypto gambling is more than secured than the traditional one knowing all are in transparent. And the fact that we have KYC now that is properly imposed without malice involved, all our winnings will be properly kept unlike living in traditional gambling which is more prone on robbery or any criminal acts done by losers.

Agree with that. Crypto gambling now become popular since many people are interested to try to use online/crypto gambling. Crypto gambling gives an easy way to place the bets because they don't have to go to the gambling places and they can stay at their home while they can place the bets. Besides that, they can prevent themselves from the robbery that might happen if they walk away with the money to their home. They can feel safe to withdraw the money in their home and they can receive the money without any trouble at all.

[jake zyrus]

I thought it was the op's thought. You just copy the text from the link you gave. You should've rephrased or cut it short, or add your opinion and overall conclusion about the post. It's better if you give your insight about it but regardless of that, this is also good and can help newbie to know or to further understand cryptocurrency and gambling.

[omonuyak]

Very well, those are good insights you have there though it is a very long topic and I believe not all would take time to read it. Anyways, indeed gambling in cryptocurrencies is becoming more and more popular to gamblers due to multiple reasons, one is anonymity, gamblers wanted to gamble anonymously, another is it is safer and secure when you gamble cryptocurrency its because of blockchain being unhackable and most importantly transactions don’t take so much time to process.

Bitcoin has really help in rebuilding gamblers confidence in gambling especially those that like Anonymous online. People like to hide their identity when playing gambling and bitcoin enable that. You can be gambling with your father and sibling without know through bitcoin and other coins and i believe that is the major reason people are flow into gambling industry now.

[STT]

Looks OP took lot of efforts to write this thread.

He would have gotten merit if it was self written, he does link the source at the bottom.   Probably should have also copied this line of text to make it clear especially:
By kucoinadmin06/05/2019Category: Blockchain Applications, Cryptocurrency

Some Dapps, including gambling ones, have a dividend system where users who play on the site are able to earn dividends. This is done through the use of dividend tokens which are distributed to all users, with the amount given out based on the profits of the platform. The more users that play, the higher the dividend, meaning users have a vested interest in the success of the platform to some extent and can be a deciding factor when choosing which website to use.

That could be a big one, opening up the possibility for a mutually owned and operated circle of betting games played between friends or just people interested in a certain section of gambling.     Because crypto is decentralised we should see more of this kind of operation but the vast majority go with the convenience of a fixed website.

[robelneo]

I thought it was the op's thought. You just copy the text from the link you gave. You should've rephrased or cut it short, or add your opinion and overall conclusion about the post. It's better if you give your insight about it but regardless of that, this is also good and can help newbie to know or to further understand cryptocurrency and gambling.

Is it true, it is copy paste? if it is then you should give the link, as a proof, because i am impressed with him because he write a lot of about bitcoin or crypto currency wise online gambling is getting popular.
Otherwise everyone know about it that bitcoin and crypto currency make a way where everyone could play smoothly on online gambling.

This thread has so many copies in the internet this is one of them http://realcryptonews.com/cryptocurrency-in-the-gambling-industry-all-you-need-to-know-about-bitcoin-poker/ but anyway it's a good article Cryptocurrency gambling is an industry where Cryptocurrency can dominate in the long run and this is one of the factors, why we will have fast adoption rate.

[barbara44]

Cryptocurrencies has really helped gambling industry more than any other industry. I honestly believe that with the way things are going we are going to have all the gambling companies adopting blockchain technology! It is clear that in this forum alone we have over 50 gambling sites been discussed daily here and that means it is most favour.

I agree, gambling in cryptocurrencies are becoming really popular to may gamblers because of being anonymous while gambling and also gambling through blockchain technology is safer and your winnings can be processed in just a matter of minutes.

Yeah now a day people love to gamble with crypto currency because it is profitable and gives a chance to earn more crypto currency, we are well aware of it that crypto currency like bitcoin is has good value in market, bitcoin is best crypto coin that we can invest our money so if you are having an opportunity to get I with gambling it is such good opportunity.

Another thing that people like me appreciate in a cryptocurrency gambling site is that is protects us from the eyes of the government who has placed a ban on gambling activities, although they are more hard on those gamble offline, so the fear has been there for them not to even gamble  online because they all feel they might be monitored through the site, but thanks to crypto, I have been gambling for a very long time now, especially when they started the introduction of crypto gambling, and having understood the anonymity nature of crypto, I really feel safe gambling, but the only challenge now is still the KYC that some of these gambling site do ask for, this can still expose one anytime to the government, I wish it was possible to fully have a DEX gambling site.

[FanEagle]

Crypto gambling now become popular since many people are interested to try to use online/crypto gambling. Crypto gambling gives an easy way to place the bets because they don't have to go to the gambling places and they can stay at their home while they can place the bets. Besides that, they can prevent themselves from the robbery that might happen if they walk away with the money to their home. They can feel safe to withdraw the money in their home and they can receive the money without any trouble at all.

You have successfully outlined all the good sides of crypto gambling of which I agree with you completely, but don’t also forget to add that gamblers have become extremely greedy since the invention of cryptocurrency gambling. I am not trying to be on the Negative side, but sincerely, as much as online gambling has made gambling more easily, it has also succeeded in raising gamblers whose gambling motive is completely different from the initial intention of gambling.

In the days of traditional gambling, gambling was more or less for entertainment but these days, especially in this era of crypto gambling, we see more of greedy gamblers who do everything possible to make money from gambling and this has really destroyed so many gamblers.

[yvesp110]

Crypto gambling now become popular since many people are interested to try to use online/crypto gambling. Crypto gambling gives an easy way to place the bets because they don't have to go to the gambling places and they can stay at their home while they can place the bets. Besides that, they can prevent themselves from the robbery that might happen if they walk away with the money to their home. They can feel safe to withdraw the money in their home and they can receive the money without any trouble at all.

You have successfully outlined all the good sides of crypto gambling of which I agree with you completely, but don’t also forget to add that gamblers have become extremely greedy since the invention of cryptocurrency gambling. I am not trying to be on the Negative side, but sincerely, as much as online gambling has made gambling more easily, it has also succeeded in raising gamblers whose gambling motive is completely different from the initial intention of gambling.

In the days of traditional gambling, gambling was more or less for entertainment but these days, especially in this era of crypto gambling, we see more of greedy gamblers who do everything possible to make money from gambling and this has really destroyed so many gamblers.

I think this is a whole individualistic approach towards gambling using crypto. Of course there are gamblers who would do anything to make money and name in the industry and they think that crypto is the instrument to do that so they behave in a greedy way but it is also giving rise to gambler who are filthy rich. Could be used either way, by making life easier and enjoy gambling anonymously or by making use of the coin to make huge capital.

[JohnBitCo]

I thought it was the op's thought. You just copy the text from the link you gave. You should've rephrased or cut it short, or add your opinion and overall conclusion about the post. It's better if you give your insight about it but regardless of that, this is also good and can help newbie to know or to further understand cryptocurrency and gambling.

Is it true, it is copy paste? if it is then you should give the link, as a proof, because i am impressed with him because he write a lot of about bitcoin or crypto currency wise online gambling is getting popular.
Otherwise everyone know about it that bitcoin and crypto currency make a way where everyone could play smoothly on online gambling.

This thread has so many copies in the internet this is one of them http://realcryptonews.com/cryptocurrency-in-the-gambling-industry-all-you-need-to-know-about-bitcoin-poker/ but anyway it's a good article Cryptocurrency gambling is an industry where Cryptocurrency can dominate in the long run and this is one of the factors, why we will have fast adoption rate.

I do not get this. The OP article is being copied ? If that is case then he must know that Copy pasting is not allowed here and he can face a ban.

Apart from this, Bitcoin has given a big boost to many industry and gambling is one of the most benefited industry by crypto currency.

[Jjewelle29]

I always agree that cryptocurrencies is safer when it comes to gambling and more secure because everything is tracked on the blockchain and you can see it in history of sites and some gambling site has aunthenticator to secure the accout of players.