BTC Halving and its effect on gambling

[BestBitcoinCasino]

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

[vycl87]

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 don't know if Halving will have any benefit or benefits in Gambling. But it's a fact that Dapps make gambling easier. Still, the preference of classic online casinos rather than dapps suggests that dapps have not yet reached a sufficient audience.

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.

[7788bitcoin]

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.

As you mentioned the gambling sites that caters only fiat currency will see the changing trend and they might start accepting bitcoin, even not you can deposit money using third party services but you need to convert to fiat.

Bitcoin is freedom and if the sites that accept bitcoin to gamble and does not ban users from some countries it would be better, asking KYC if you think that they tried to defraud is once aspect but banning countries is well against the bitcoin ethics and if every gambling sites follow these everything will flourish.

[Japinat]

The effect will be more exposure to the crypto casinos if more people will invest because of halving.
Also, halving is popular this year in crypto so people might be checking on it and when they are introduce in crypto, they would be able to see that it's a big market when gambling industry is booming in the crypto space. If we have only see a real pump, then maybe we can expect a better effect, but bitcoin has dump now, don't know if it will stop at the current price or will dive more.

[ultrloa]

Tap of what? doing promotion for these events? well maybe they get a new player but apparently there's no correlative relation you can get with casino's since for sure the people will focus to see on halving together with bitcoins and the only benefits will get by the casino's is they will earn big money from pumps brought by halving if they have stock some bitcoins on their hot wallets.

[imstillthebest]

 yes its a mere fairy tail for now because most of you wish list are literally on wish yet but dont worry because i know that they can be achieve in the near future . look around you , crypto is now popular as well as crypto casinos  however i dont think price surge will attract more people to join crypto gambling but the first thing that people will do is to get involved to earn a profit   . eventually when they got more experience they may try new things such as crypto gambling just like what happen to me before   .

[swogerino]

Here is my simple logic why bitcoin price may surge in the end of 2021.

In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.

Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.

[Twinkledoe]

Here is my simple logic why bitcoin price may surge in the end of 2021.

In 2012 first halving happened with bitcoin price surging on November 2013.
In 2016 second halving happened with bitcoin price surging on December 2017.
Now third halving will happen and I hope bitcoin price will surge again in the end of 2021.

Effects on gambling will be many new casino operators would want to join the crypto eco system for their casino.

Though there may be new casino operators joining this business but even without this halving, you can already see a lot of online casinos being launched every day. And with this pandemic still on the horizon, many are taking advantage to put up their online casinos as most physical casinos are still closed and a lot are stuck in their homes (wherein, some of them want to play online gambling). But yes,  with the growing popularity of crypto because of this halving and other matters, many operators will really be tempted to develop their online casinos.

[coinfinger]

Literally halving will not have any effect on gambling even in long run. I mean halving is known for triggering stronger bull run but gamblers prefer gambling with bitcoin regardless of bitcoin's price value. When gamblers keep on ignoring whatever value of bitcoin, I guess the halving will not impact on gambling industry.

In some other topic, people have mentioned about bitcoin as their most preferred cryptocurrency to gamble with. So, we cannot expect any big differences in gamblers' preferences on using bitcoin for their gambling until bitcoin will be having a new ATH. I mean when bitcoin will be valuing something very big and people start worshiping holding bitcoin then probably gamblers will start looking for some other cryptocurrency for their gambling. But, I do see very less chances for such changes among gamblers.

[Jawhead999]

I don't think if halving will really effect to gambling, because halving usually correlations about the price only. Since the bitcoin is in bullish and get attention, then many newcomer/newbies will search about bitcoin and how to earn it. And most of them probably want to earn in free only, so they will prefer faucets or micro task.

I would say this year is the great moment for many online casino if you want to get more traffic, because many people is boring and stuck in home only (lockdown). Gambling is the one choice to fill up free time they have when stuck in home, below is the proof

Mr Holden said: "There is already evidence that with people at home due to the coronavirus lockdown online problem gambling is on the rise.

[maydna]

I guess the effect will not have too big for gambling industry because the gambling games are not just used bitcoin to place the bet, but the gambling games can use the other crypto. But if you ask about how its effect on the market, it seems, it does not give the effect right now, but perhaps, it will happen in the next months. I think right now, the price is still adjustable with what happens in the market, and seems, now the market is at a stable moment.

But I agree that the effect of bitcoin halving on the gambling industry will be much new gambling site release soon because many people want to try to make money from crypto. They think that crypto is a new technology, and now become booming in out there. People who stay at home will often to see the advertisement about crypto gambling website so that they can attract more people to come to the crypto.

[$crypto$]

There is no influence of halving to influence gambling because many people expect halving to occur because they want a soaring increase that moment too, but for gambling there has been no influence on bitcoin now many gambling platforms have provided crypto easily even other large altcoins too, for Dapps it is clear that a lot has been developed because this will make it easier for gamblers with its access, iGaming will be very liked with a very new look because that's what is sought for gamblers.

[Ucy]

Is iGaming the name of gaming/betting company, some kind betting services or hub for casinos? Well, I don't really know much about it ... seen it on the gambling sections couple of times though. Guess it's fairly known in in betting world.

[sunsilk]

2016 halving didn't do difference in the gambling business. Gamblers will never change their habit unless they are already dedicated to stop. The gambling industry is still booming and while we are in the pandemic crisis, other local gamblers see this as an alternative while being locked down.

There's more effect to the price and value of bitcoin per se but to the gambling institutions that's already established, I don't think that there will be much effect for them if it's for their operation.

[btc_angela]

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]

That was the speculation, but we can't tell for certain. If it goes above 5 digits again then good for us.

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.

On the contrary, there maybe some bitcoin gamblers who will choose to hold on their bitcoin unless you are really a whale or big time bitcoin gambler. For average Joe, I'm sure they will have seconds thoughts of playing their hard earn BTC, just saying.

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

It's also happening, but it's possible that we will see another growth in crypto gaming specially that the pandemic is still a problem. We can't go out and play in physical casinos so plausible that some of them are shifting to online gaming to continue habit.

[Tipstar]

I don't think halving is as attractive news for people who are not familiar with crypto. The halving would also not have any direct and immediate effect on gambling industry as the price range remains the same so are other nature of transactions. With a large number of coins on supply and very few left to mine, we would start seeing what the final nature of bitcoin would look like.

[crwth]

What are you talking about? The halving is done already and we are waiting for the 4th halving now. What date of writing did you do and you just post this now?

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]

There's currently a sideways market before and after halving. I don't think there's a direct correlation towards halving and gambling itself but only towards what it could do with the Bitcoin price. But as you can see, nothing big has happened with the price except for the dump from 9k to 8k.

[Sadlife]

BTC halving would definitely have a significant change to the Cryptocurrency gambling industry especially with the halving event many people including non crypto users would want to include themselves to the hype and will create FOMO to buy BTC and cryptocurrency thus leading more players to online casino's.

[danherbias07]

An opportunity.
Not a fairy tale. Those things are already happening but not just in great heights.

Gaming industry, I want to see more of this.
There are still few that wants innovation.

Gambling industry is already in there. We cannot count them anymore in our fingers, hands and feet.
I don't know about the boom in their industry though. It will still depend if they are ready.

[onrise]

BTC halving would definitely have a significant change to the Cryptocurrency gambling industry especially with the halving event many people including non crypto users would want to include themselves to the hype and will create FOMO to buy BTC and cryptocurrency thus leading more players to online casino's.

I was thinking that isn't now more players who used to gamble with btc may either switch to fiat or may be to some other altcoins as due to halving the supply will now reduce, the demand if rises will lead to rise in price an in gambling losing out chances is higher to why to lose out the precious btc instead it could be done with fiat or altcoins. So people may save btc now more than before.