BTC Halving and its effect on gambling

[Stedsm]

Just don't relate halving to these things because it really doesn't make any sense. Price rise is not just based on halving but many other factors and to what I'm seeing, we will probably be in a stable situation for a few more weeks (even months) and you can surely see a surge in the BTC gambling interest from a user's end when price falls actually, and BTC can be the choice of casinos when they see surge in price. So it's different for both situations.

[MCobian]

I have a slightly different opinion with most people, in my opinion bitcoin halving does not have an effect on the development of gambling.
I felt that there was no significant change before halving happened or after halving happened. Which gives a big effect not bitcoin halving
but corona virus. With the corona virus physical casinos and sports betting must to stop temporarily, but online gambling is increasingly
being visited by people.

[STT]

I think with bitcoin becoming more and more expensive, the direct effect will be that people will not be willing to bet or gamble with bitcoins. Instead they may use Dogecoin or other low value coins for gambling. Other than this, halving will have no effect on gambling.

I know what you mean roughly but until 1 sat is too expensive I dont think this is a major problem.   Bitcoin is infinitely divisible really and at present its over 100 Satoshi units to make even 1 cent of value.   Its more about transaction costs to relay funds around the network, this could discourage people from Bitcoin into the alts and it is true every time BTC rises then the alt coins see a dramatic rise in their value also, more then just 1;1 ratio.

[xSkylarx]

Indirectly, it may affect online gambling as well. The online gambling casino platform is increasing as time goes by since crypto is starting to spread especially with the halving. However, the problem as bitcoin price starts to hike the higher the fee becomes, most likely bitcoin will be the least used crypto in crypto casino.

[kawetsriyanto]

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing,

Are you sure about this? Where you got the information that Bitcoin is trading around $9,200?
You posted this topic today and I think the price of Bitcoin has been below $9,000 all day.


Source: https://coinmarketcap.com/currencies/bitcoin/

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

Is this your opinion or gathered from a source? I cannot say that the significant rising in BTC price triggers many Bitcoin casinos since I don't have data about it. For me, it has nothing to do with gambling since it has a different sector and basically doesn't give a direct impact on casino sites.

[AakZaki]

~snip~
Halving is an issue that takes place on the Bitcoin network. And I don't think this will have anything to do with gambling directly.

Obviously I also do not see anything to do between halving and gambling, because I know that there are many gambling platforms that use altcoin.
I think that gambling players won't connect it either, because halving or not, an addict won't think about it.
most importantly they can play normally.

it's just that there might be temporary interest from the novice gamblers who heard the halving news.

[LincolnMikkel]

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

Looks like a fairytale for you? Share your thoughts

Be also aware of scams since those are going to pop up as well. We still remember 2017 as a year of scam ICOs so nothing would chance about gambling scams.

[verita1]

I enjoyed my first BTCitcoin Halving on social media. I was excited all the time, I could also perceive the same emotion in the groups on telegram. Particularly in a group I was able to notice that there were members who were buying Bitcoin for the first time. Due to all the diffusion that was given to the event for which I think there are effects: more followers, some businesses with traditional finances are paying attention to Bitcoin, more projects in blockchain-based developments (Dapps, gaming, among others. )

[Negotiation]

There are many members who have invested in BTC after seeing the halving of Bitcoin due to the rising price of BTC It has no effect on gambling Due to the increase in the price of BTC, everyone is leaning towards BTC. Telegram is great for getting updated information on every currency about crypto The use of BTC for gambling is less Therefore, gambling will not be affected Online casinos increase the quality of their play depending on the customer However, due to the crisis caused by the virus many are not playing online casinos due to a lack of sufficient capital.

[peter0425]

Nope i don't think there will be effect in gambling because instead of spending their Bitcoin to play they will instead Hold the currency and maybe try to use Fiat instead for a while so if there is an effect?for sure that is lowering the usage of crypto and instead Fiat will be indeed.

Indirectly, it may affect online gambling as well. The online gambling casino platform is increasing as time goes by since crypto is starting to spread especially with the halving. However, the problem as bitcoin price starts to hike the higher the fee becomes, most likely bitcoin will be the least used crypto in crypto casino.

so if does this will not help Bitcoin to grow by all means instead only casino will benefits but not the gamblers .

[Genemind]

I can't actually see the effect of halving on gambling. Maybe in someways it would have an effect. Even before the halving the number of new gambling platform had increased since the demand for and innovative gambling platform is increasing and more and more people are getting involved in crypto gambling. I think there will be more and more demand on it as soon as we reach the peak of mass adaptation.

[DoublerHunter]

^ Halving probably no direct impact on online casinos for it may have a price surge afterward but for what reason this online casinos would like to become affiliated with bitcoins in has no sense if the reason is only because of the price surge. But people are getting aware of cryptocurrency and trying to invest then more investors might also increase the number of possible gambling players using their cryptocurrencies. Nevertheless, in the mere future when more people became engaged in cryptocurrency then online casinos might as well accept cryptocurrency by then.

[LogitechMouse]

The BTC halving doesn't have a direct effect on gambling since the only thing that changed in the event is the total block reward hence, the total mined Bitcoins will be reduced therefore supply will decrease and I just hope that demand will increase so the price will increase in the long term.

Online gambling sites that are using crypto are being there already for a long time and the halving doesn't have any effect on it in my opinion. I also expect that more and more online gambling sites will accept crypto not just Bitcoin but other coins like ETH, BCH or anything which has a fast transaction speed. There are some sites that are supporting multiple coins in it already and more will do it in the future.

[deisik]

Looks like a fairytale for you? Share your thoughts

I'd rather say it's going to play out in the opposite direction

I'm not a casino operator (read, I don't have any stats), but as I suspect, it is more complicated than a simple, unidirectional relationship. For example, it can be that higher cryptocurrency prices and bullish expectations in general make people more interested in trading rather than gambling. Conversely, lower prices and overall negative expectations may turn trading folks into gamblers (there have been such reports)

[passwordnow]

I can't actually see the effect of halving on gambling. Maybe in someways it would have an effect. Even before the halving the number of new gambling platform had increased since the demand for and innovative gambling platform is increasing and more and more people are getting involved in crypto gambling. I think there will be more and more demand on it as soon as we reach the peak of mass adaptation.

The effect is with the price and it's the impact for gamblers like us.
Increase of the price will make everyone to gamble with lesser amount. That can be the other effect that would make the difference after the halving. I have same thoughts with others looking to the time before bitcoin hits all time high.

[RealMalatesta]

No I have talked with couple of casino owners and they are saying they have seen an increase in their wagering. Nothing major at all, nothing significant in many purposes, only the poker places have seen some increase I suppose with all the tournaments going on, but aside from that it is not really all that changing. Even the sportsbooks have said that nothing major has changed, people like gambling and when they couldn't find the proper big ones, they kept gambling on the small ones I suppose.

Sportsbet.io steve has talked about how they have covered this period better than they expected for example. And that is sportsbook which should be doing horrible right now, when we talk about stuff like dice or any other casino game, they are doing even better obviously.

[KTChampions]

The only connection that I see between gambling and halving is trading. Many traders try to guess the effect of halving and place their bets on the estimated price movement. If these bets are placed on movement in the short term, then I consider this a simple guess = gambling.

[pakhitheboss]

I do not see any correlation between halving and gambling. Bitcoin was stable prior to halving and is still. I think this might last for a few more months. It is a good sign as it will not affect the USD value of our profits as well as our loss significantly. Apart from that, I do not see any effect of halving.

[adzino]

Hey! With the 3rd halving just around the corner and Bitcoin trading at about $9,200 at the time of writing, the price may break past the $10,000 mark once again in the weeks or months following [a lot of polls in regards to that here as well]

A massive price surge will highlight renewed interest in Bitcoin, which eventually may influence the iGaming industry to give more value to crypto gaming. This may result to a boom in the number of Bitcoin casinos on the market.

As Bitcoin gets more attention, more online casino operators would not want to miss the opportunity to tap the crypto gaming market. Existing operators that cater to only fiat-money players would consider accepting Bitcoin, while new brands in iGaming would launch as crypto-friendly casino and sports betting sites, for instance. Gaming dApps, for instance, may also get the boost they need to launch and get a strong following and support from the community.

Looks like a fairytale for you? Share your thoughts

Not sure if its going to have any affect on the gambling. I mean, I don't see any reason or any connection with halving and crypto casinos. Though, if the price starts to rise, then people will be betting lower amount of coins (but the same value or bit more) on each bet.
I don't think fiat casinos can just jump and start accepting crypto currencies. There are laws and regulations that they will have to abide by which will make the process quite slow for them.

[ralle14]

Bitcoin gambling sites don't really gain anything from the halving event as others mentioned it'll help increase the value of Bitcoin but based on the previous events the effect doesn't happen right away after a day or two. We could see the price hitting above $10000 this month but that could only be a temporary effect since the price usually goes back down once we hit that point.