BTC Halving and its effect on gambling

[STT]

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

Good post, I have a very similar theory but I wouldn't exactly say we have to wait for the end of 2021.  I'll just expect bullish action and some pullbacks to be occurring all through 2021, my label for 2020 was neutral in some total.    I did not anticipate this virus and the excess volatility but the fact we bounce back just as hard is not a great surprise.   It will be the case once again this year that people expect too much and we will pull back, I believe we wont stray too far from 10k this year and then next find greater development.
  The halving itself takes time, its a cake baking not icing ready made to eat like its immediate.   Dont expect too much too soon, so far as gambling a bullish BTC price probably does encourage interest but I do hope the market manages to steady itself to allow people to join and not too sudden a rise; I view this as negatively as a sudden fall personally.

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[7788bitcoin]

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

If the price goes above 5 digits, it is hard to attract the casual investors and if the price goes to those valuation in a short period then the fall will be that huge. We have seen those rallies in the past and we know how the market usually holds up once the selling starts.

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.

I was always curious about this situation but in the last rally i have seen high rollers in gambling sites but the real statistics can be known only if a gambling site produces those pre rally and post rally statistics. Casual gamblers like me used to look for cheaper coins to gamble and very few sites had multiple deposit options when the market rallies and now most of the sites have multiple deposit options.

[fortunecrypto]

We'll have to wait for a few months before we can see the impact but anywhere we look at it at our current situation, online gambling is going to benefit it since there are no casinos open at this pandemic and Cryptocurrency is moving forward in adoption, online gambling casinos has a good future and everyone is struggling for a share of the market.

[Yamifoud]

Well, gambling site owners will be happy if there is a massive growth of crypto gambler but it seems to be unfortunate knowing that halving never has that instant effect on the market. It might @swogerino is right about his speculations and that to see the market in bullish next year. And we can also expect that its effect on the gambling (if there is any) will be next year.

[Bezobraznike]

   I don't think that BTC halving will have any effects on gambling. People who gamble with crypto-currencies knows
how to adjust their bets when crypto-currencies rise in price, or when opposite happens. And what else can happen
after halving, price can either go high or will drop at some point before it rise a lot. But in the same time for us who
gamble with minimal bets, we will continue to do the same, if price rise we will have a bit higher bets equivalent to dollar
value, but that can be a good thing!

[Yatsan]

We'll have to wait for a few months before we can see the impact but anywhere we look at it at our current situation, online gambling is going to benefit it since there are no casinos open at this pandemic and Cryptocurrency is moving forward in adoption, online gambling casinos has a good future and everyone is struggling for a share of the market.

The casino will only benefit if their player is going to increase, but I think with regards to halving, the only positive effect that they are going to benefit our from it is if bitcoin is going to skyrocket! other that I there's no more. And yes! you are right, base on the pattern on the past halving we are going to only see the effect after few months and I really hope that would be a good news for all of us. I am hoping that history will repeat itself again 

[CarnagexD]

I think the market increase does not have any effect to the gambling world because most of the coins today are now used with the fiat currency which is good because they don't make any changes on the price it is stable than the use of the cryptocurrency also in the online gambling does not matter if you are using the bitcoin or other altcoins because the same earnings they will give but the difference when they are transferring their funds now on their wallet has changed on the market value of the coins now.

   I don't think that BTC halving will have any effects on gambling. People who gamble with crypto-currencies knows
how to adjust their bets when crypto-currencies rise in price, or when opposite happens. And what else can happen
after halving, price can either go high or will drop at some point before it rise a lot. But in the same time for us who
gamble with minimal bets, we will continue to do the same, if price rise we will have a bit higher bets equivalent to dollar
value, but that can be a good thing!

Even it made a changes on the market price the people or the player must be still aware about the market cost of the coins to not to wage the same amount of the coins.

[BitcoinTurk]

Share your thoughts

I think the halving process that takes place today will not have much effect on gambling. Of course, with the increase in possible mining fees, we may now have to pay more commissions and deposit money in our accounts, but I think it will not have a special effect. Another thing that comes to my mind is that due to a possible mining problem, delays may occur in the pool and money transfers may take place more slowly. This will have a very serious effect for users who bet on last minute deposits because many users prefer Bitcoin for their ease of use. On the other hand, due to the price increases that may occur in this process, gamblers with Bitcoin balance can also exchange gambling platforms to play more games with more USD. This creates a positive effect for some of the services and a negative effect for some.

[yazher]

The Halving is already done not too long ago and its effect is not too much when you see the price in the market today. most people say that this year's halving was a fail. little they know is their awaited bull run will affect only after a few months of halving if there's one. Now the effect of the halving in the market was great as you can see the price has gain momentum before the halving takes place. It didn't even bother to spike its price even we are experiencing pandemic nowadays. just one thing to remember when we are going for another halving again next 4 years.

[Saisher]

The online gambling casinos are the one that is going to benefit this halving and the adoption because there are no open casinos, I can see gambling casinos doubling or even tripling because of the halving and the adoption, check the gambling casinos section we see a lot of new gambling sites coming up, positioning themselves in the market.

[mu_enrico]

BTC is just a tool, money, so it won't make crypto casinos suddenly appealing to the masses. Gaming developers still need to evolve/constantly bring more exciting games to the table so gamers can play more and obviously spend more.

So it seems people here like dice. With dice, devs can modify it so whenever it hits xx.xx, a bonus round will appear, just like slots.

[asu]

Nothing drastically changed on gambling, and I don't see in any reasons that BTC halving could really effect gambling that much. Initially, this covid-19 really takes place a lot.

[ShowOff]

I think there has been a slight change in the perception of new gamblers related to halving so that there is a good impact on gambling sites namely the increasing number of new gamblers on the site. Some of the things that I think and the effect might be:

For new gamblers:
- Looking for luck in gambling.
- Want to get bitcoin and sell it because of high prices is the basic motivation so they can become rich.

For gambling site:
- Becoming popular because of the increasing number of users.
- Site revenue increases because there will be many players who lose.

[Casdinyard]

Well I doubt there would be more effects of bitcoin halving that could bring any thing to casinos aside from it getting a pump. We all know that these casinos are one of the biggest holder of bitcoin, they are storing it for good funding the whole house to be ready to any internet climate. But if the house owner/s is so grateful, there would be more of a promotion and bonuses to their platform when bitcoin goes wild in the next couple of weeks. I hope they are hearing me right now 

[carlfebz2]

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

Im not really seeing such effect yet we've already seen the adoption which is good yet we have seen several fiat-based ones tended to make use or add up of BTC
into their mode of deposit/withdrawal which is good.In talks of halving effect on gambling then i dont see the relevance yet people would just gamble no matter
on what would be the price since they can easily make use of it on few units or sats when it rose its price.Crypto gambling is becoming big which is really
a good thing for gamblers yet this do add up more option to them.

[MFahad]

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.

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.

[StephenJH]

I am sure the existing fiat gateway online casinos will not stay away from the popular demand of today's online world. Digital money will be considered more than ever in the next few years, so I am ready to see the real revolution, it doesn't matter anymore it will be sooner or later.

For example, I imagine the days when William Hill and BET365 will open the new opportunities for blockchain technology, they will gladly accept the cryptocurrencies ads the other alternative payment methods. I mentioned these traditional online casinos because I have 13 years old account on both platforms. It is hard to get familiar with the new crypto gambling casinos nowadays.

[dothebeats]

Halving itself does not have any effects on gambling whatsoever. The industry would operate as usual and it's still up to the players on whether they would use cryptocurrencies to gamble or not. Perhaps those who kept their balances on bitcoin would try and cash out with bitcoin when the pricing gets good, whereas those who play with bitcoin might try to use other cryptocurrencies instead and 'try' to withdraw with bitcoin if that is even possible in some gambling platforms.

The general idea re: gambling with bitcoin remains technically and essentially the same with or without halving price effect. They would still play with the currency if they want to, and might want to take advantage of the price action as it happens sooner.

[pixie85]

I also feel like the anticipation of big events in Bitcoin does not increase gambling profits.

Usually the masses react in the most obvious way. If they see sure profits from investment they will save up and not gamble. If they're scared they will sell or gamble it away.
The biggest gambling profits are late in the bull market where every average joe has some profits and feels confident to risk it in a game just because it's free money.

[chaser15]

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.

Halving doesn't have a direct effect on how crypto-gambling sites will get a strong support from the community. For example, even those sites that only support fiat will consider crypto, specifically bitcoin, as one of their payment method, there is no assurance that they will attract more crypto-users to use their sites.

The competition of crypto-gambling sites today is so tough that even site owners spend lots of money on marketing, climbing to one of the best is a challenge.

In general, whether there is halving or not, the crypto-gambling activity will always grow on its usual process.