What is or are the contribution of Crypto gambling sites to Crypto Currency

[Saisher]

I don't know the percentage but I'm sure the percentage of people coming in and the volume is considerably high, there are coins dedicated to gambling and there are a lot of ICO in the past and right now, that is gambling dedicated, this will continue because gambling is a multi-million dollar industry.

[bering]

Admitted or not some of crypto users came from the former of crypto gamblers which is they were know crypto through an crypto casinos because before they decide to became an crypto users usually they were gambling use crypto at the casinos and in this case indirectly crypto casinos have important role to introduce crypto to many people but indeed the way a slightly different because people have to buy altcoins or bitcoin to starting gamble

[Ararbermas]

For me in my view the contribution of gambling to crypto currency is very low, because you know some of the country are against on it because of being illegal  . And most player in gambling are rich wherein who just play for fun and can afford to lose money with it. That's why percentage of gambling is very low in my opinion. Because some ppl that cant afford to lose huge money on it prefer to trade and making investment rather than wasting money in some gambling site.

[mu_enrico]

So let's assume I have some BTC, ETH, LTC, EOS, etc., sitting nicely on my Android wallet. What can I do with it?
- Buy groceries? Nope.
- Pay online cab? Nope.
- Play in various casinos? YES!
It's literary the only utility I can have while holding cryptos.

[xvids]

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

Yes and for me it is the best contribution of this gambling sites to the crypto community,
They are attracting non crypto people to play with crypto so it is increasing the demand for the crypto that this gamblers would use.
And some people would really love the crypto games because it is so easy to understand and play,
Not to mention that they could play it anywhere even in their mobile phones .

[Ucy]

Not just that, Crypto-based gambling companies also contribute to the growth of cryptocurrency prices. They help in creating demands....More demands make price go up.
The companies effect on overall prices is probably very small. Most of the demands for cryptocurrencies seem to come from centralized exchanges

[fortunecrypto]

Gambling now has become an integral part of Cryptocurrency, it's obvious there are hundreds of gambling sites for Cryptocurrency, and there are Cryptocurrency dedicated for gambling, I think Cryptocurrency help gamblers to fund their account and to protect their identity.

[jhonjhon]

Crypto gambling sites helps in the awareness of bitcoin or other cryptocurrency. Some people don’t really know bitcoin or altcoins but when the came across these gambling sites that accepts crypto then it made them aware or know bitcoin and other altcoins. Also, it will make those who thinks bitcoin or altcoins fake realize that bitcoin isn’t a scam since gambling sites accepts them as a payment. Crypto gambling sites contributes in the introduction and awareness of bitcoins and other altcoins.

[iMark]

I don't know the percentage but I'm sure the percentage of people coming in and the volume is considerably high, there are coins dedicated to gambling and there are a lot of ICO in the past and right now, that is gambling dedicated, this will continue because gambling is a multi-million dollar industry.

Of course, I'm the proof. I gambled because I was a crypto user at first. Gambling is something that is prohibited in my country, so before crypto launch, I stayed away with gambling games. after crypto present and then which made you invisible and anonymous then I tried gambling.

[Viscore]

Their contribution is they help to increase the demand of crypto, especially BTC as most gambling sites are accepting bitcoin.
Gambling industry is a big industry and we've seen the growth of crypto gambling industry and I believe we need it to grow so we can really tell there's a real adoption of crypto, not only people are buying to hold but they are buying to spend, and that's what people do when they gamble.

[cabalism13]

Their contribution is they help to increase the demand of crypto, especially BTC as most gambling sites are accepting bitcoin.

Not only that, they also introduce altcoins that can be hold by the users. Just by using those altcoins that they introduce, they surely have a value and later on it will increase just like the others. And altcoin projects helps both gambling sites and the crypto industry to have a comtinuous growth in the economy.

[roosbit]

Crypto gambling is among the real world use of cryptos and gambling being a very big industry this helps

in Cryptocurrency adoption and indirectly contributes to the rise in price if Demand keeps raising I.e more people crypto gambling.

[coin-investor]

In terms of volumes, I'm pretty sure these Cryptocurrency gambling casinos contributed a lot, there are a lot of whales in these gambling sites, and they prefer it than traditional Casinos, because of anonymity and easiness of transaction.

It's just a matter of time before these Cryptocurrency gambling casinos become the most popular gambling and gaming sites on the internet, and these will attract more users of Cryptocurrency, gambling is one industry that is penetrated easily by Cryptocurrency.

[Question123]

The good in gambling sited yes it can help the population of the crypto user because other players who really wants to play in gambling possible for them to buy crypto so they can play a gambling through online and that is really effective to increase the user.  Maybe they have other result which is really good fro the cryptocurrency to increase the value or the price.

[Ayiranorea]

On the positive side, these gambling sites accepting helped increase the popularity and usage of cryptocurrencies, there's no doubt about that.
On the negative side, it puts bitcoin and other crypto in a bad light in some way.

Agreed, and this happened as a result of bitcoin getting used much into gambling than other needs during its early days. There is some misunderstanding among people that bitcoin is primarily developed for the gambling industry. Though there is more controversy about the same, people have now known better about the truth that bitcoin into gambling is just a part.

[dothebeats]

It raked in a lot of potential users of cryptocurrencies and introduced a new way to play gambling games using a different payment method. Gambling with crypto has had a huge effect in terms of introducing cryptocurrencies to traditional gamblers, and perhaps it's not only gambling that they have used crypto on, as basically there had been a surge in usage and popularity over the years that crypto gambling flourished. True that it may have cost some people to go bust but then again, on a larger scale, it helped cryptos get a good footing on the gambling scene and get some users of the currency along the way.

[carter34]

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

I would have given merit to you on this. Surely so for bitcoin has gone from just hodling in wallet to being used in casinos and many game sites and this is seriously pushing awareness far beyond what we expect. People outside users are now getting more acquainted with it, they want to learn about it, they are becoming apostles too.

[peter0425]

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

There are more factors on how gambling sites here helps the cryptocurrency

1- it helps the Circulations of Bitcoin and some altcoins that accepted in gambling so means the price grows up a little from this

2-it helps advertising since gamblers from different form online may learned consider playing using cryptocurrency and not just fiat

3-it helps people here in crypto to have accessible and safer gambling experience than other sites outside crypto

[jhongzjhong]

We now have hundreds of Crypto gambling sites and many more coming I honestly think, gambling sites contributed a lot to the adoption of Cryptocurrency because even gamblers that do not know about Cryptocurrency adapt and learn how to use it so they can play in these Cryptocurrency gambling sites.

There are more factors on how gambling sites here helps the cryptocurrency

1- it helps the Circulations of Bitcoin and some altcoins that accepted in gambling so means the price grows up a little from this

2-it helps advertising since gamblers from different form online may learned consider playing using cryptocurrency and not just fiat

3-it helps people here in crypto to have accessible and safer gambling experience than other sites outside crypto

These are those big factors that totally contribute to the cryptocurrency that cause by gambling. Cryptocurrency gambling plays a very big role in this industry. It is a very big help in order for the cryptocurrency to be popular to a lot of people all over the world and a lot of people will be coming in. There is also a massive exposure that we believe many people will adopt soon. The major part that I liked is that through gambling bitcoin has exposure to people that don't know these digital currencies.

[CryptopreneurBrainboss]

From my perspective the main contribution they're bringing into the industry, is the adoption of the currency. For starters every crypto-related sportbook have the option to gamble or cashout in cryptocurrency (mostly bitcoin) which give the customers a sense of satisfaction as they can play bets with their coins, giving their coin useable value and not just monetary value of exchanging for fiat.

Seconding, they're also contributing in regards to promoting of the industry to the masses through their numerous stretagic campaigns aimed at bringing in more customers to their platform and also educating individuals (mostly those customers) on the important and necessary information needed on safety and benefits.