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Author Topic: what going on crypto | THE FUTURE CASINO ??  (Read 1140 times)
cryptowtf2020 (OP)
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November 05, 2019, 06:27:09 AM
 #1

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..
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November 05, 2019, 06:36:33 AM
 #2

Because crypto has not been regulated yet, people can not use it for their daily basis that is why most of them created online gambling because it does not need legalization and it can be done online. There is some people use it for payment system on their store but it is very few in number because of legalization issue.
If we can somehow get support from the legislator, crypto will not be used mostly for online gambling but it will be used in many industries.

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November 05, 2019, 06:44:58 AM
 #3

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..
That means you don't know what the speculation market should be. People are being crazy to create more and more money. So many cryptos and more users have come to the cryptocurrency right now.
In a casino, you are betting on the algo that has already made by the broker of the casino itself but it sounds similar to this ( exchange site).
But that's how to exchange site works. Some people have the same thought like you because they are thinking exchange site just like a casino these days but they forget if crypto is a speculation market that filled by so many traders between one to another person through use middle party as a way to trade. The regulation will not help a lot in this case but that will bring more restriction to the exchange site to manipulate its own exchange site.

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November 05, 2019, 06:45:53 AM
 #4

Legalization in crypto is not yet clear and there are no rules. Online gambling on crypto is common. from 2016 I joined crypto many online gambling utilizing crypto. Online gambling gets a lot of support and a sizable project. Crypto and blockchain technology can enter in all fields, especially gambling.
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November 05, 2019, 06:56:51 AM
 #5

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange.

With this, could you please elaborate how cryptocurrency is being similar to casino online? Because exchange and casino is a very different platform. But the similarity is that, it both involves risking, mostly, casino's chance is 50/50, and exchange is based on knowledge and patience on the market.

I advice that we should always study the procedures especially the market for us to understand it. Try having a basic knowledge in market technical analysis, and compare your profit from casino.
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November 05, 2019, 07:05:34 AM
 #6

I do not understand what would you mean. You mean that crypto is one big gamble or that dexentralized casinos experiencing a boom? Yes, that us true, who wouldnt play in a fair casinos?

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November 05, 2019, 07:09:11 AM
 #7

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..
You cant compare it to casino since trading and gambling is two different things.

Many might experience some lost in crypto bear market how ever its too far comparing it to gambling that you can win or lost everything in just 1 day.

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November 05, 2019, 07:12:18 AM
 #8

I'm not also sure what he is asking but I think he meant there are similar casinos sprouting every time and so are exchanges.

Its not going to be regulated any time soon probably not even regulated in million years later. Anyone can create casino sites just like anyone can create a coin for their own. Its internet no one forbids you from doing anything unless regulated. Casino and exchange scripts are available for anyone to install in their server.

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November 05, 2019, 07:27:39 AM
 #9

In certain countries, cryptocurrency is not regulated and restricted and many people are either developing their casinos/trading platform since it is one of the best ways to earn money cryptocurrency. There is no regulation yet in regards to establishing such business in crypto and I doubt if crypto casinos/trading platforms need to pay taxes or any other fees same as traditional businesses, it must be one of the reasons why they opt to create one.

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November 05, 2019, 09:42:44 AM
 #10

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..
I think you mean "gambling." Yes, if you are unknowledgeable about it, trade is no different from gambling. Because, those who are not in this business see crypto as a money printing machine. Like, wherever he invest money, he is gonna make a big profit. Already this gambling results in loss mostly. But if you find out what is going on before you start trading, why would it look like gambling?
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November 05, 2019, 09:57:57 AM
 #11

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

Not 100% sure what you're talking about but lemme guess. You're saying that exchanges these days are similar in operations to casinos, ala Yobit style where the main business is trading tokens, but they also have functions to stake, loan and even gamble like dice.

You know why? The scriptmakers are all the same.

And yeah, trading is the new gambling;)

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November 05, 2019, 10:00:32 AM
 #12

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..
In its core, every investment is already a gamble. Whether it be stock, cryptocurrency, or establishing a business. So comparing the current market to a casino isn't really wrong. They just vary in degree of risk, and considering the crowded altcoin market where altcoins are having a hard time increasing in price steadily, rather only driven by FOMO and hype, it's just a gamble on where investors would invest their funds. That's why not until some altcoin has been made to revolutionize, Bitcoin would still remain on top of the market.



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November 05, 2019, 10:16:44 AM
 #13

Glance, yes indeed the same, like gambling. In exchange, someone exchanges his assets for other assets hoping to get a profit.
In casino, someone puts money in to get profit too. But the difference is sometimes gambling in a casino cannot be learned and only based on luck while in exchange we can still learn where the market direction will lead either fundamentally or technically.



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November 05, 2019, 10:24:06 AM
 #14

I think that in the future almost all online casinos will switch to the blockchain, because it is a more convenient and honest way to participate in such entertainment

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November 05, 2019, 10:27:03 AM
 #15

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

It's different , because cryptocurrency is having supply and demands so it can be analyzed technically while the casino is just rely on our luck. Even in crypto we can also use our luck to buy random coin and hoping the price will rise, but that's not the correct way to trade cryptocurrency
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November 05, 2019, 10:43:32 AM
 #16

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

What do you mean similar to online casino? If you mean the exchange, I don't think there are significant similarities between a crypto exchange and a crypto online casino. Sure, you can convert coins in crypto online casinos but it is far from the mechanics in a crypto exchange. In a casino, conversion of coins is not made through buy and sell orders where you can name your own bid and buy prices. You cannot also see pairs there. There are very limited coins in a casino compared to an exchange.
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November 05, 2019, 01:05:59 PM
 #17

Why not start a store? Maybe that could be a start of a change in the crypto industry.
As I see, merchants are still in fear of using the latest technology (which is bitcoin) because of its volatility. That is true, without a doubt.
But, the risk could somehow be profitable and that is why gambling and exchange went to the frontlines.
This guys are all-in. They will risk it for profit and so it happens.
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November 05, 2019, 01:37:38 PM
 #18

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..
Yes, it is a big casino. because this is not just a normal financial market, this is a manipulated financial + market that is always waiting for its lethal prey to eat it.
The strong pump and dump that makes long and deep candles is often a sign of manipulation. We really should be careful in trading and stay alert with the indicators.

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November 05, 2019, 01:55:51 PM
 #19


Gambling has always proven to be very fast in adapting to various innovations that began to be developed, gambling is making a transition phase to the blockchain platform, thus providing incentives for the process of digitizing the gambling industry today.
We know that bitcoin was never created specifically for gambling but gradually bitcoin became an idea to create several altcoins that were specifically devoted to the world of gambling, such as eos and tron ​​today.
But the makes cryptocurrency and gambling work together because of the total anonymity of digital currencies, the accuracy and cheapness of transactions, and far better security than traditional casinos requires a lot of sensitive information from gamblers.

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Genemind
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November 05, 2019, 02:26:17 PM
 #20

We can't define cryptocurrency only as a gambling tool. Our own definition depends on how we use it but generally, it functions as a mode of payment and investment. Gambling is different from investing and trading though there are also similarities due to its volatility. Cryptocurrency is multifunctional and if there will be a massive adoption, we couldn't only use it in gambling but for lots of purposes as well.
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