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Author Topic: Are you guys started to gambling with cryptos or fiat money?  (Read 1237 times)
Thanasis
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August 18, 2019, 05:22:47 PM
 #21

I did with fiat and still doing with fiat on some sports but not going to bet with any huge amount when dealing with fiat.But in cryptos we are not going to be in danger even after risking or betting high amount so there will be no red light to our taxes.For now cryptos was most preferred by gambler and traders for that they have reasons like anonymity while using the coins in large amount as well.

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August 18, 2019, 05:51:08 PM
 #22

I started with fiat money, before cryptos, but only in sports bets, but after I found about cryptos I started to gambling in online casinos
And I prefer to bet with BTC, it's easier to play in any website I want

Before cryptos, it was hard to bet in my country because we have some strict laws against casinos and the IPs usually were blocked

Before cryptocurrencies were a thing, gambling with either things (of equal value) or money was the norm and the conventional method. When bitcoin slowly gained its reputation while its price increasing at the same time, people explored the boundaries of gambling by using bitcoin as the currency. Not only you gamble online (which provides convenience), you also have the option to either use your fiat or coins!

I am pretty sure most people who started gambling utilize their fiats before exploring using bitcoin. Not to mention, getting fiat is relatively easy than earning/purchasing bitcoins.
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August 18, 2019, 06:01:32 PM
 #23

I do bet with fiat and usually on sports betting. Crypto betting is not really familiar to my country except is web betting. Basically, I enjoy sports betting because I understand it.
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August 18, 2019, 06:10:57 PM
 #24

In my local town, i gamble with fiat if i have the time to visit some gambling places. I only use crypto if i want to bet on an esports and sport that i liked but most of the time i bet cryptos on esports. I find it very comfortable if the site accepts cryptocurrency for betting since i don't want to use my credit card details online especially in gambling sites.

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August 18, 2019, 06:57:45 PM
 #25

I started with fiat money, before cryptos, but only in sports bets, but after I found about cryptos I started to gambling in online casinos
And I prefer to bet with BTC, it's easier to play on any website I want

Before cryptos, it was hard to bet in my country because we have some strict laws against casinos and the IPs usually were blocked
The first time I started to gamble in 201, I thought I was trading, until someone told me that betonmarket is a gambling site and not a trading platform. Then, we do gamble with dollars and other major currency and you have to put in a lot before you will be able to make little but now I gamble with bitcoin. I have not tried any other cryptocurrency as I find comfort with bitcoin.
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August 18, 2019, 07:07:20 PM
 #26

I started with fiat money playing poker with friends then switched to real money slots and computer games. I gambled a bit using ingame items that could be later sold for money on platforms like steam. Then there was Bitcoin and crypto gambling came with it. Before that I've never gambled online using fiat money so I've never heard about KYC. I enjoyed crypto gambling much more than fiat gambling.
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August 18, 2019, 07:18:09 PM
 #27

I do see that more than 50% of people here have started gambling only after adopting cryptos. It means gambling must be an integral part of cryptos like we cannot estimate how many gamblers had adopted cryptos for the reason of convenient gambling against their fiat gambling. It is certain that cryptos had opened many possibilities for gamblers and at the same time gamblers might have contributed for the revolution of cryptos to reach where it is today.

I touched gambling only after knowing cryptos and I am happy with my gambling activities as I am already into profits zones. I mean gambling had helped me to ease my crypto hunting by multi-fold.
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August 18, 2019, 08:00:25 PM
Last edit: August 18, 2019, 08:27:05 PM by ralle14
 #28

If irl is included then my first gambling experience is with fiat. I still remember betting against with my friends, we'll play some games competitively and the winner would take everything. During my first time gambling online I used Bitcoin haven't tried fiat casinos because of the initial kyc on registration.


I am pretty sure most people who started gambling utilize their fiats before exploring using bitcoin. Not to mention, getting fiat is relatively easy than earning/purchasing bitcoins.
Even if people don't have money to gamble with Bitcoin they could've used a faucet. Most bitcoin gambling sites used to have faucets but a lot of them are removing it due to abuse.

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August 18, 2019, 08:10:38 PM
 #29

I've never been into gambling before knowing about cryptocurrency. My first gambling happened with bitcoin, and the first gambling website used is directbet. Further through the forum came to knew about betcoin.ag, I found it more easy to access which is the one that made me use bitcoin for gambling. Importantly I could've never been into gambling if I haven't known about cryptocurrency.

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August 18, 2019, 08:46:23 PM
 #30

I started with fiat money, before cryptos, but only in sports bets, but after I found about cryptos I started to gambling in online casinos
And I prefer to bet with BTC, it's easier to play in any website I want

Before cryptos, it was hard to bet in my country because we have some strict laws against casinos and the IPs usually were blocked

I started gambling not quite long with the use of crypto currency because I don't think I can ever go to a casino center to play with my hard earn money.
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August 18, 2019, 08:55:21 PM
 #31

I have started to gamble with fiat money in real casinos like 10 years ago. i have won something when i have started, after this short winning streak i only have lost and i stopped gambling for longer time. i have started again with sports betting 2 years ago, just for fun a little bit. now i'm gambling online for 3 months..
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August 18, 2019, 09:08:49 PM
 #32

I started with fiat money, before cryptos, but only in sports bets, but after I found about cryptos I started to gambling in online casinos
And I prefer to bet with BTC, it's easier to play in any website I want

Before cryptos, it was hard to bet in my country because we have some strict laws against casinos and the IPs usually were blocked
This is why crypto gambling boomed up because of this feature where anyone can gamble without the danger of being caught if gambling is prohibited or banned into your country.Going back where I do still gamble online and just like yours ive been using my card to credit up my account and since theres no other option then you wont have any choice but to get used to it.

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August 18, 2019, 09:55:26 PM
 #33

I started with fiat money, before cryptos, but only in sports bets, but after I found about cryptos I started to gambling in online casinos
And I prefer to bet with BTC, it's easier to play in any website I want
I have not experienced to bet with fiat on online casinos as it is very hassle on my part converting and depositing fiat to online account. When i discover that we can use crypto in betting on casinos that's the time i started to bet online but usually on sport betting only.

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August 18, 2019, 10:39:40 PM
 #34

I started with fiat money, before cryptos, but only in sports bets, but after I found about cryptos I started to gambling in online casinos
And I prefer to bet with BTC, it's easier to play in any website I want

Before cryptos, it was hard to bet in my country because we have some strict laws against casinos and the IPs usually were blocked


Yeah that's is true sport betting is very excitements game through online, I'll remember before when I was in high school i play an illegal sport betting here in my country they calle video karera. (Horse race)
It's very excitement because there have possible to caught all player of the police authorities because is illegal sports  play.
But now I really love to play sport betting via online using crypto with out any hassle to caught the police authorities I play at my home usi g internet nobody can know I gamble in my pc.
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August 19, 2019, 02:31:22 AM
 #35

Does playing any games that includes betting money is already considered as gambling? 'Cause if yes, the answer would be with fiat. Playing for fun with cousins or friends sometimes we include money for more thrill.

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August 19, 2019, 03:44:24 AM
 #36

There are quite a handful of advantages when you gamble with crypto rather than just hanging onto the fiat money gambling. The major one is being the anonymity and the country restriction factor. These factors play a major role in bringing new gamblers to the market. Though bitcoin is not truly anonymous like Monero, they do offer better anonymity when compared with fiat money. The other major factor is the fair play which is offered by the gambling website.

Blockchain as a whole makes the gambling websites more fair to work rather than the fiat gambling platforms. When it comes to gambling, legal restrictions act as a major disadvantage since majority of the countries ban gambling and consider them as a illegal way of gaining or losing money. Crypto being anonymous helps the gamblers to play without getting caught with the taxes and the legal restrictions which the country has on the gambling industry.

Even though they offer a varied set of advantages, processing speed and volatility does bring a setback in the industry standards. I don't gamble regularly but my friends does on a regular time frame. They gamble with cryptos and the result being, they lose the game very often. Crypto gambling industry provides a major advantage in terms of jurisdiction, privacy and laws. If scalability increases in future, the gambling industry as a whole might shift to blockchain.
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August 19, 2019, 03:59:18 AM
 #37

I started gambling with fiat money. I remembered that in the past, sometimes I bet with my friend when the World Cup comes. We choose which team who can pass in big sixteen, big four, and then which team who can be at the final. Besides the World Cup, we are a gamble on F1 and MotoGP too because that sport was excited to us, and sometimes we watch together.

But after I knew crypto, I don't too often to gamble with my friends because I have another option for playing gambling and I don't have to use my fiat money to bet. My friends follow what I did too, but yes, I missed that moment. Now, we only gather in the cafe without placing bets, but if we want to place the bets, I will ask my other friend to do that for me.

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August 19, 2019, 04:23:15 AM
 #38

Same here, and it's very expensive when I gamble in fiat as I need to exchange my local currency money and that entails charges.
Good thing crypto was invented and it was able to give us comfort when it comes to betting, and that's why now I'm so focus on crypto betting and did not come back anymore in fiat betting.

Also, here in crypto, the number of betting sites are increasing, so if we like to get the best odds, we can have that since we have a lot of good sportsbook with competitive odds. IIRC, I started with cloudbet, then Nitrogen, and now I'm using sportsbet.io.

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August 19, 2019, 04:23:34 AM
 #39

This sounds to be funny, but literally I would say all of us started here on fiat, besides crypto faucets aren't enough to fill our needs when making a bet, though some are just playibg with these but they're the ones who just enjoy the game and never minds winning or losing.

Before we can have crypto we will have to make a convertion of fiat to be able to join on every platform that's why I'd rather say we started using fiats.
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August 19, 2019, 05:46:02 AM
 #40

I started gambling with fiat through playing card games, poker to be specific. Then eventually, I've done playing lottery, betting, and slot machine. It's quite difficult to gamble with fiat since it's being taxed, thus the government has a cut from your winnings. Good thing I've been in crypto. Since I started gambling with my BTC, I was able to play more games through different gambling sites without paying government texes.
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