Betting : A big problem to crypto?

[glendall]

bad or not I feel back to every point of view of people about it, because in my opinion it is not a bad thing in my opinion, even I see bets giving good things to crypto, with the mass adoption by way of betting, or maybe other purposes.

[BlackFor3st]

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?

Do you think it is not happening in the real world using fiat? So in my opinion, it is only normal as we are free on what to do with our assets.

Having 60% of transaction for betting didn't portrays crypto in a bad way because everyone has it's on way of understanding. If you hate gambling, then you will surely agree with it but if you are a gambler lover or you are neither a hater or a lover then you don't have to worry about it. The only things that remains is the government but I am sure that the governments has it's own share in every online gambling that is being originated in their country so it is not a problem also.

[Suslived]

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?

You're overthinking, it's not a problem. A whole lot of fiat money is also used for betting, even more than that measly 60% that you are claiming to be (what is your source btw?). There can be regulations added to alleviate betting concerns in countries where it is illegal but there are lots of other things that portray crypto in a bad way that you should be concerned about.

[Aabcde]

I don't think that's a big problem. Indirectly crypto is also useful for anything including betting or gambling itself. All medium of exchange has the potential to be a tool for betting. As long as it is a valuable item.
What makes crypto images worse are those who try to deceive others by carrying the name crypto.

[White Christmas]

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 I don't think so, cryptocurrency is for those who wants to risk their funds in order to gain more. If cryptocurrency was being used for the betting or gambling then it is a common because they are gambling their money and risk it for them to get a higher winning. I don't see it portrays crypto in a bad way because at first gambling or betting is kind of industry that helps us to earn more and also lose sometimes.

[aioc]

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?

Not at all, the dollar is also being used and so many other fiat and even credit card but it does not connote anything, it's just your thinking, in fact, it will have a positive impact because of gamblers and other observant will find something unique in Crypto why it is being used in gambling.

[angrybirdy]

There is nothing wrong with that, any crypto users can do whatever they want with their own crypto.
As long as crypto continuously circulate, there's nothing to think about that. Fiat currency is also being used in betting, you're just giving yourself of something to think about which is unnecessary.

[barabarian1]

gambling is a common thing in cryptocurrency and fiat money. and in my opinion this is not the biggest problem in crypto. because I don't think we can avoid this. because if we look at online gambling is growing. because gambling sites are also increasing. in my opinion the bigger problem of gambling is the use of crypto for criminal acts such as money laundering, buying and selling drugs and terrorist financing. this makes the cryptocurrency image worse.

[red4slash]

There is nothing wrong with that, any crypto users can do whatever they want with their own crypto.
As long as crypto continuously circulate, there's nothing to think about that. Fiat currency is also being used in betting, you're just giving yourself of something to think about which is unnecessary.

You are right, every crypto user can do a lot of activities with the funds they have including in betting that uses crypto. basically betting can use FIAT too and now betting can use crypto. so I think for that right is the use of the user, because if he thinks betting can be profitable then he may use that method to increase the funds owned

[Aabcde]

I don't think that's a big problem. Indirectly crypto is also useful for anything including betting or gambling itself. All medium of exchange has the potential to be a tool for betting. As long as it is a valuable item.
What makes crypto images worse are those who try to deceive others by carrying the name crypto.

I also agree that betting is not a fraud in crypto, I think every valuable item can be used for betting. but what makes crypto worse is not betting but fraud that uses the crypto currency.while betting in some countries is to legalize it and with the exception of countries that don't allow it and I think it's the fault of users who use crypto for betting

Yes, that's what I mean. But if a country is not legalized and someone is still betting, then I think that is a personal risk of one's own. But in fact, what we are talking about is crypto itself, where every country has no regulation on the use of crypto as betting. If related to FIAT there are rules. You will be going to jail if you are catched by the police.

[miklesm]

Betting is only one of the numerous areas of live which might be improved with the use of blockchain technology. For example, Decentralized Finance is being actively developed as well.

[Silberman]

Betting and gambling are very bad idea for crypto believer to loose money they should nt enter such markets

It is their money and they can choose what they want to do with it, that is the beauty of cryptocurrencies,  if you were using fiat banks could decide for you what you can do with it and could even block your account if they found anything suspicious but with cryptocurrencies this is not possible, no one can tell you what to do with your money and if they do you can just laugh on their face as there is no way they can force you to do what they want.

[nakata121]

Gambling using crypto is certainly not a good thing to do, however in any case, gambling will certainly make a bad image of the crypto currency in various countries which indeed prohibits gambling, but in the crypto world itself there have been created several sites that are indeed possible the players use crypto currencies like trx, btc, and eth to make bets. I think it will be very difficult to keep crypto from gambling because now the crypto gambling market has grown bigger.

[PavelMed]

Few people trust cryptocurrency, especially if you look at the percentage of all residents. But gambling and cryptocurrency are generally a fiery mixture. But still, everyone himself decides where to pour his money. Someone chooses this path.

[Bonenx14]

Gambling using crypto is certainly not a good thing to do, however in any case, gambling will certainly make a bad image of the crypto currency in various countries which indeed prohibits gambling, but in the crypto world itself there have been created several sites that are indeed possible the players use crypto currencies like trx, btc, and eth to make bets. I think it will be very difficult to keep crypto from gambling because now the crypto gambling market has grown bigger.

but if someone already has the view that betting exists because of the user's desire not because of the nature of crypto, I think crypto will still have trust in the user. for betting I think it's not a big problem for crypto even though there are some countries that don't allow it, but there are countries that give permission. I think if you don't make fraud, then betting is not one of the bad activities in crypto

[jets567]

Well gambling is one of the ways to have fun using cryptocurrency and it also offer the players to double or even triple their holdings if they win. Of course it will portrait bad image to others especially those who have few knowledge about crypto but nothing we can do about that since most of the cryptocurrency have no real use case at the moment which is why people choose to bet their crypto instead of holding.

[iv4n]

Well gambling is one of the ways to have fun using cryptocurrency and it also offer the players to double or even triple their holdings if they win. It will portrait bad image to others especially those who have few knowledge about crypto and nothing we can do about that since most of the cryptocurrency have no real use case at the moment which is why people choose to bet their crypto instead of holding.

Gambling is an industry! Growing industry if I may add, especially online gambling industry. Money is going in and out, many people work in casinos or for casinos, even more people gamble everyday! Billion dollar industry! Can that be a problem to crypto? Absolutely not! Gambling is one the reasons of crypto expansion! Believe it or not, people had problems to find a place to gamble, in some countries its forbidden to gamble in real and online casinos, many countries (including my country where I live) didn`t have access to online casinos, country where are you from is not supported, simple message, with crypto we don`t have restrictions of that kind! And one more fact, its faster instant deposit and withdraws with crypto and lower fees, while with fiat you need banks, checking, that can last for days sometimes.

[CoinFoxs]

Well gambling is one of the ways to have fun using cryptocurrency and it also offer the players to double or even triple their holdings if they win.

Gambling is dangerous in the sense people once win they get addicted to gambling and they play on a daily basis and when they loose they want to bet more in order to get back their lost amount they couldn't so I suggest everyone stay away from betting, only invest in crypto and hold.

[Inu.Guren]

Well gambling is one of the ways to have fun using cryptocurrency and it also offer the players to double or even triple their holdings if they win.

Gambling is dangerous in the sense people once win they get addicted to gambling and they play on a daily basis and when they loose they want to bet more in order to get back their lost amount they couldn't so I suggest everyone stay away from betting, only invest in crypto and hold.

yeah, that's why for me gambling is just one way to get another fun not for serious job, i'm not a good in gambling games.
if for serious to get more income or profit trading is best choice to get money than gambling, even in trading have a high risk but we don't gambling in market but analyze the market

[K4C]

Billions of dollars are used for betting yearly and that doesn't really portray dollars in a bad light, so it's basically the same thing, Crypto is a currency and what people who has it choose to do with it does not really affect it in one way or another.