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Author Topic: BTC Halving and its effect on gambling  (Read 605 times)
freedomgo
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May 13, 2020, 11:48:01 PM
 #61

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.

The effect will be more on people are investing in crypto and some might be investing in gambling sites.
however, for normal gamblers, as we can see, the transaction fee is really high right now, I tried to transact with transaction fee of 0.11 usd, until now it's still not confirm.. that's why I like altcoins to gamble and maybe soon people will choose altcoins as its cheaper and faster.

halving effect only brings hype IMO.

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KTChampions
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May 14, 2020, 08:18:37 PM
 #62

~
halving effect only brings hype IMO.

At the moment, yes, and I note that the hype is completely concentrated in the crypto community - bitcoin is still far from ATH and few people think of it from the “outside” world without interesting news about price records.
As for gambling and investments in casinos, it seems to me that everyone in this community already knows about the advantages and possibilities of cryptocurrencies in the field of gambling. But maybe if a new hype begins (if there is reason for this) around bitcoin, then new people will learn about this area.

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May 14, 2020, 09:44:56 PM
 #63

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halving effect only brings hype IMO.

At the moment, yes, and I note that the hype is completely concentrated in the crypto community - bitcoin is still far from ATH and few people think of it from the “outside” world without interesting news about price records.
As for gambling and investments in casinos, it seems to me that everyone in this community already knows about the advantages and possibilities of cryptocurrencies in the field of gambling. But maybe if a new hype begins (if there is reason for this) around bitcoin, then new people will learn about this area.
Fundamentals are common and it isnt really necessary for you to learn about it unless if its relevant for you to get some concern.In matter of halving then lots of people are way expecting too much but i dont see that it would really affect that much to those who do gamble and to those who own platforms or gambling businesses.If it rose up its price then its good but if not then it doesnt matter because we know that we do always pegged
its value of satoshis to usd in the time we do play.Online gambling is booming up and theres no doubt to that and also this isnt a fairy tale on where op had mentioned of.

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May 14, 2020, 09:51:41 PM
 #64

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
I'm not sure about that. If the price increases people will be reluctant to spend it for things like that.
Maybe some of them will want to earn more btc by gambling since he gets some value but I don't think it will be the majority of them.

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