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Japinat
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October 03, 2019, 10:57:13 PM |
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Betting is not a problemin cryptocyrrency,but it can be a problem if you play it and lost all your fund without any wins.
That's not a correct way on how to describe in gambling as we all know that we can never win all the time in gambling and despite of losing we still gamble because we have fun. If we are realistic, we will know that gamblers loses more than they win and that reality alone will make us lose in the long run, and therefore we should know how to manage that on ourselves, we can lose but we still enjoy, that's the thing we should do. |
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mickey_miner
Sr. Member
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Proof-of-Stake Blockchain Network
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October 03, 2019, 11:03:34 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
Are there so many bookmakers and exchanges that accept bets in cryptocurrency? Why do people use cryptocurrency for betting? The first time I hear about this. |
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Natalim
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October 03, 2019, 11:27:29 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
Are there so many bookmakers and exchanges that accept bets in cryptocurrency? Yes, there's a lot of good sportsbook in the crypto space. You can check on the list from this site http://100bookies.com/bookies-that-accept-cryptocurrency-eng/ , and just try to find some feedback in this forum. I don't know if that's updated but you can check it yourself. Why do people use cryptocurrency for betting? The first time I hear about this.
Because it does not require KYC, it's faster and cheaper. |
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Nekoma2018
Copper Member
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October 03, 2019, 11:30:24 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
What people choose to do with their money is their business.. same goes for crypto... I dont see why the crypto community should be bothered about this... infact it should be the other way at heart.. |
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Google+
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October 03, 2019, 11:31:29 PM |
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I think gambling very much uses cryptocurrency platform and this makes many people think that cryptocurrency is a place for gambling, while cryptocurrency can be used to make payments or long distance transactions so that sometimes technology is used poorly and makes the cryptocurrency platform worse.
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smyslov
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October 03, 2019, 11:41:33 PM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
No, not at all it's just part one of the big pictures, it just telling us that Cryptocurrency has conquered the gambling and gaming business because it is very much compatible with gaming and gambling hub, soon all gambling and gaming hub will use Cryptocurrency after that the merchants store will follow, it's normal part of adoption |
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BlackFor3st
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October 04, 2019, 12:09:40 AM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
It's more than half if we will talk about 60% therefore it really portrays a bad way of using the crypto especially to those country's that prohibit gambling using crypto currencies. But for some country's that didn't see it as a big issue then there is no problem with it and for the individuals, I am sure betting addicts loves it and for betting haters they have a problem with it. I am just hoping that big governments will not go against it as it will be a problem in the future if they will totally ban the crypto currencies because of this reason. |
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bisdak40
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October 04, 2019, 12:15:27 AM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
I am intrigue with the title of your thread. Crypto-gambling a big problem to crypto? No, i don't think so. In fact gambling using crypto increase it's popularity in the community and help advertise crypto in a good way. Betting with fiat or crypto is just the same as far as morality is concern. Gambling is already an accepted activity worldwide not like decades ago where they portrayed gamblers as a villain. |
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Mianae
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Merit: 14
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October 04, 2019, 12:20:04 AM |
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It doesn't to a large extent most of these claims are made to discredit cryptocurrency and label its use badly. People keep saying its mostly used for carrying out corrupt and crime related payments. Even fiat serves the same purpose.
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CHRISBIN702
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October 04, 2019, 12:22:33 AM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
I have to say no. Online gambling is a giant industry with crypto betting only taking up small portion of it. The revenue of the global online gambling industry has been increasing by double digits every year for the past seven years. In 2016, the global market was valued at $44.16 billion and it is projected to reach $81.71 billion by 2021. I say bring it on. Adults are free to make their own decisions and if they want to play let them play. Responsibly. |
Not for sale.........
Why, how much you got?
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Leonardo7
Member
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Activity: 686
Merit: 15
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October 04, 2019, 12:58:36 AM |
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60% is a huge number which I doubt the statistic is accurate, even though it's, people definitely have an exclusive right to how they spend their money, provided the things they spend it upon is not against the state law.
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cutesgirl
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October 04, 2019, 01:13:41 AM |
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When cryptocurrency at the future never have gambling platform for their ICO or IEO? I got many altcoin have success in ICO or IEO and listing on exchange market have gambling platform and I keep away not only on IEO or ICO time but on trading I will never buy coin using betting platform, how good chart is it I will never buy in gambling altcoin platform.
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trauchot
Member
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Activity: 1764
Merit: 10
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October 04, 2019, 07:49:23 AM |
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This is not a problem at all, because there are a lot of people who bet and it’s good that you can bet using various cryptocurrencies, because this increases the demand for cryptocurrency and this demand is constantly growing, I also saw that there are a lot of big companies accepting cryptocurrency for bets and there are more and more such companies, so this is quite normal.
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TanakabZX
Member
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Activity: 504
Merit: 16
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October 04, 2019, 08:12:04 AM |
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I don't see betting as a big problem to crypto and its one part where more adoption rate is coming in, many bet platforms are implementing btc and eth which is a good thing, wining and losing is common in bets so we all know the risk involved in betting yet there are betting winners, its a cool thing for me
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bisdak40
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October 04, 2019, 08:31:22 AM |
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60% is a huge number which I doubt the statistic is accurate,
Yeah it's huge but it could be bigger than that as you can see in this forum there are so many online gambling sites as if they are the ones bringing life to crypto. I can't imagine if there is no crypto gambling, maybe bitcoin is less popular. even though it's, people definitely have an exclusive right to how they spend their money, provided the things they spend it upon is not against the state law.
101 percent agree, that's the whole idea of crypto, you have the freedom to own one and do whatever you want to do with it.
OP, i think this thread suits well in the gambling discussion board. Please move this one there. |
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coin-investor
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October 04, 2019, 10:20:16 AM |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
No, it's not a big problem in the future every industry will accept or integrate Cryptocurrency, the gambling industry is the first to fall many more industry will fall but the big fish, will be the big merchants like Amazon Alibaba and the like I love to see many online companies accepting Cryptocurrency because right now there are so many coins to pick in the market. |
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Emperor of Man
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October 04, 2019, 10:49:39 AM |
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I don't think that stats are correct. 60% of transactions are betting related? Please...
There are a lot of use cases for crypto. Investing, trading, spending on the sites that accept them, and sometimes betting. To think that betting single handedly takes 60% of the transactions? I don't think so...
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gaston castano
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October 04, 2019, 05:01:47 PM |
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you mean something related to gambling.
if it's like that maybe that's the reality.
because yes the price increase and decrease is very drastic even can be above 50%, I mean this has never happened to other commodities such as gold, stocks, mutual funds. Maybe that's one of the causes,whatever it is people will still use it as an investment.
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CHRISBIN702
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October 04, 2019, 06:15:20 PM |
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I don't think that stats are correct. 60% of transactions are betting related? Please...
There are a lot of use cases for crypto. Investing, trading, spending on the sites that accept them, and sometimes betting. To think that betting single handedly takes 60% of the transactions? I don't think so...
I know that in 2013, 50%-60% of all Bitcoin transactions happened to and from gambling sites, and since then, apparently, over 3.7 million BTC which is currently valued at $30,249,868,000 has been used on betting platforms.... I didn't do this research myself. I only searched around until I found it written enough times to find it somewhat believable. I couldn't find the exact percentage and I don't think anyone will ever be able to do more than guess considering that many sites practice safe crypto transactions by changing their user's public address after every deposit. Another thing to keep in mind, if BTC gambling transactions were at 50%+ in 2013.... Since the release of Tron, ETH, EOS and other's dapps, crypto gambling has increased exponentially. Hope that helps bring things into perspective. |
Not for sale.........
Why, how much you got?
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ringgo96
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October 15, 2019, 05:14:49 PM |
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Not as bad as imagined, because after all the gambling industry itself is very large so it is possible for gambling developers to have other alternatives in the crypto world. But even so gambling does not bring big problems to the crypto world because what has been happening all this time is about scam projects that make crypto images worse and not about gambling.
But for the development of the gambling project, the reality is that this time it is not easy. there are still many challenges that developers must be able to face in the current conditions. I see so many gambling projects that fail due to a concept that is almost the same as other projects and there is no difference that makes someone interested in investing or playing |
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