PROS AND CONS OF CRRYPTOGAMBLING.

[Lucasgabd]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.

anything that creates a fake scenario that makes us ignore reality for a long period of time is a con imo.
better to have a rough true than a lie that makes us comfortable in a scenario where we can work and fight to create a better situation on our lives.
so... when approaching gambling it's probably better to know the game odds or be completely comfortable on losing all the play money... it could happen

[goldkingcoiner]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

I think you can win a lot of money in any online gambling casino regardless of whether or not it offers crypto as the gambling payout. Crypto is just way easier to manage and leaves behind less of an obvious paper trail that you were involved in gambling in the first place. Of course, if you do KYC then that point is moot but I see no reason to do KYC unless you are wanting to secure your funds legally, in case something happens to the casino.

If you were going to invest your winnings in crypto anyway, this way you would not have to do extra work. Not so much of a bonus though.

[Renampun]

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

[South Park]

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

What happens is that cryptocurrencies are a game changer, to open a bank account even if it is a relatively fast process you need some personal data in order to create one, while in order to create a bitcoin wallet you can do so in a matter of minutes without that data, so creating an account in a cryptocurrency casino is also faster and more convenient, this is making a lot of people to prefer cryptocurrency casinos, and when we add that some of them offer decent privacy then the fact that there will be nothing suspicious in your bank statements related to your gambling activities is without a doubt a plus, especially in the countries in which gambling is forbidden and you could get in trouble by doing so.

[traderethereum]

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.
Even though in your country gambling is not prohibited, you still have to limit yourself in playing gambling because the addiction factor can come to you.
If you can get referrals from groups on Facebook, you can also earn from gambling.

[Uang_kartal]

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.
Even though in your country gambling is not prohibited, you still have to limit yourself in playing gambling because the addiction factor can come to you.
If you can get referrals from groups on Facebook, you can also earn from gambling.

OK, I understand what you mean, gambling can't be separated from trying and making a deposit. We underline about crypto. I once shared my experience in the beginning of getting crypto giveaways, airdrops or bounties, it was all done with free capital (when I was still a layman and a newbie) that's true it really pleased me. maybe at that time there weren't many gambling sites that I knew of either the crypto cash system or payment methods about this other than fiat or digital deposits. this was very easy because it didn't use bank account money or other funds. but that's the impression I get crypto and its support for the ease of accepting cash deposits makes it easy and now it has become a trend and excellent feature in gambling companies. We know that crypto owners and users are increasing

[d3nz]

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

[Reatim]

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

maybe it is best to clear what does that EASIER means ,

this is about gambling nowadays easy to access and done , but still harder to win .

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

gambling is only banned in few countries , specially Muslim countries If I am not mistaken , in mine as well we are open to gamble anywhere as long as in legit places .

but of course there are local gambling that happening here and there secretly .

[Slow death]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

I think you can win a lot of money in any online gambling casino regardless of whether or not it offers crypto as the gambling payout. Crypto is just way easier to manage and leaves behind less of an obvious paper trail that you were involved in gambling in the first place. Of course, if you do KYC then that point is moot but I see no reason to do KYC unless you are wanting to secure your funds legally, in case something happens to the casino.

If you were going to invest your winnings in crypto anyway, this way you would not have to do extra work. Not so much of a bonus though.

at this point of using cryptocurrencies I advise people to use bitcoin because altcoins are already proven that they can drop to almost 0$ and the person will lose all the money they have, after this problem that Luna had people need to be very careful with altcoins so that even when they win big in casinos at the end of the day don't lose everything because the altcoin they used drops to almost 0$

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

maybe it is best to clear what does that EASIER means ,

this is about gambling nowadays easy to access and done , but still harder to win .

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

gambling is only banned in few countries , specially Muslim countries If I am not mistaken , in mine as well we are open to gamble anywhere as long as in legit places .

but of course there are local gambling that happening here and there secretly .

In my country, there are clear laws about gambling, and people are allowed to gamble without problems as long as they don't play in the street where minors are also playing. there are websites and many gambling companies in my country.

[Oasisman]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

Banning Bitcoin doesn't necessarily mean you will totally lose access to cryprocurrency. There are actually a lot of tools to bypass blocked websites and exchanges in your country.
In fact, there are also a lot of alts you can use to gamble, not only for Bitcoin. So, I guess their government won't bother tracking down gambling activities in crypto space.

[dataispower]

Banning Bitcoin doesn't necessarily mean you will totally lose access to cryprocurrency. There are actually a lot of tools to bypass blocked websites and exchanges in your country.
In fact, there are also a lot of alts you can use to gamble, not only for Bitcoin. So, I guess their government won't bother tracking down gambling activities in crypto space.

You no you are misunderstanding some thing also. Their is difference between digital currency and cryptocurrency at first. It's quiet understood that Bitcoin is the most superior function of cryptocurrency. When is being banned out of cryptocurrency, the chance of other coins dying off is close. I'm not saying that you not have access to other cryptocurrencies but. No body will likely to invest it funds to any of cryptocurrency. Because were it started has being cut off. Even you will dislike cryptocurrency. Except Bitcoin which of coins is making cryptocurrency to potential and influential. When you outside there, the only coin that is popular in cryptocurrency, is Bitcoin

[wiss19]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

Bitcoin is shady and hard to some so not all people are converting with bitcoin but if they are very eager to gamble then they will face their fears and use bitcoin like they are being forced. If they can still continue to play gambling using bitcoin, that means that only the local/offline gambling is banned but online gambling are legal on their country.

Bitcoins are money and it's up to the person if what cases they will use their bitcoin. I see no problem if they use their bitcoin only for the sole purpose of gambling. There are even people that don't ever use their bitcoins on buying or on any thing other hodling it and treat it as a typical investment asset.

[Distinctin]

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

There's nothing to be afraid of if these specific gambling sites will require some KYC upon withdrawal, they're just following some lawful order and it's not like they will use that information of yours in other shady businesses. That is why choosing some popular and trusted gambling sites is a must to avoid using your information for other things.

If a certain gambler still doesn't want to provide his KYC then he/she needs to find another gambling site which don't require KYC or a physical casino is the last resort.

[wxa7115]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

While I personally do not think there is nothing wrong with gambling and obtaining some entertainment out of it those people need to be careful, while there are some countries that do not put too much weight to a law like that and let people gamble even if they know it is forbidden, there are other places in which this is not true and gamblers are actively hunted down.

So not only it is important to use cryptocurrencies, you also need to hide your gambling activities from your ISP as there is no doubt they could eventually report you to the local authorities and you could get in trouble for gambling in a country in which this is illegal.

[mirakal]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

Yes, these restrictions are easy to bypass for someone who knows how to work some ways on the internet and almost every tool can be seen in the internet on how to do these things but these things won't workout well if that specific country have a strict government as they also do some traces.

Even up to now, gambling has also becomes a vice in modern age and it will remain that way in many years to come. Lucky for the ones who have the right mindset when it comes to gambling.

[Fatunad]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

Yes, these restrictions are easy to bypass for someone who knows how to work some ways on the internet and almost every tool can be seen in the internet on how to do these things but these things won't workout well if that specific country have a strict government as they also do some traces.

Even up to now, gambling has also becomes a vice in modern age and it will remain that way in many years to come. Lucky for the ones who have the right mindset when it comes to gambling.

There would really be differences into those people who are really that tech savy or does know on how internet works and on what are things needed whenever you do really intent on how to access
despite of being blocked or prohibited which it wont really be that totally a problem if ever gambling was restricted or really that not allowed which we know that we do have net
where we could really still access things if we wanted to but of course there would be corresponding risk attached to it.

[traderethereum]

OK, I understand what you mean, gambling can't be separated from trying and making a deposit. We underline about crypto. I once shared my experience in the beginning of getting crypto giveaways, airdrops or bounties, it was all done with free capital (when I was still a layman and a newbie) that's true it really pleased me. maybe at that time there weren't many gambling sites that I knew of either the crypto cash system or payment methods about this other than fiat or digital deposits. this was very easy because it didn't use bank account money or other funds. but that's the impression I get crypto and its support for the ease of accepting cash deposits makes it easy and now it has become a trend and excellent feature in gambling companies. We know that crypto owners and users are increasing

That is what crypto means to make it easy for people who play gambling, even ordinary people because they know enough about how to buy crypto, make transactions and send and receive crypto.
It's really fun because it gives us something new that is different from using fiat and we don't have to use a bank account to gamble.
From here, crypto users slowly began to increase and now the number of crypto users has increased even though most of the world's population is not yet comfortable using it.
But really, using crypto does make it easier for people to do at least 2 things, such as have investments and make payments.

Overall, this is for people who don't want to travel and not to feel the inconvenience of making a reservation in a hotel and gamble their money. The good thing about crypto gambling is that you can withdraw and deposit anytime you want, and not like when you try to make a transaction using your bank, you will be questioned since they are following the Anti-money laundering law.

The only problem with some gambling sites is requiring the KYC, and if you're doubt about your information uploading it online then it would be a problem if the gambling site is also following the AMLA.

Gambling sites will implement KYC for all their users as they are advised by local regulators.
But there are still some gambling sites that still provide the freedom to play gambling without doing KYC.
Apart from withdrawing and depositing whenever we want, some casinos give users the opportunity to invest in that place and get a share of the prizes provided and of course, this will attract the interest of gamblers as well as investors.

[TheGreatPython]

at this point of using cryptocurrencies I advise people to use bitcoin because altcoins are already proven that they can drop to almost 0$ and the person will lose all the money they have, after this problem that Luna had people need to be very careful with altcoins so that even when they win big in casinos at the end of the day don't lose everything because the altcoin they used drops to almost 0$

Not all altcoins are scams that can drop to almost zero like what happened with luna/ust recently. Also luna and ust are I think not yet accepted in many gambling sites so no need to worry though there are lots of altcoins that is accepted, that is because not all people are willing to use their bitcoin because they think it was too valuable to gamble and apart from it, bitcoin can sometimes have a higher transaction fee and slow-moving in terms of depositing and withdrawing it but these known issues in bitcoin are not felt in many altcoins.

You are lucky that your country isn't strict in gambling. They are only concerned about the minors and not on the adults whether they became addicted or not because they are already on their right age, they know if what is wrong and right.

[Distinctin]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

While I personally do not think there is nothing wrong with gambling and obtaining some entertainment out of it those people need to be careful, while there are some countries that do not put too much weight to a law like that and let people gamble even if they know it is forbidden, there are other places in which this is not true and gamblers are actively hunted down.

So not only it is important to use cryptocurrencies, you also need to hide your gambling activities from your ISP as there is no doubt they could eventually report you to the local authorities and you could get in trouble for gambling in a country in which this is illegal.

Yes mate, there's totally nothing wrong in gambling if you're goal is to just have some fun and get entertained or forget the outside world for the meantime. But, if the governments ban these activities then it's much better to obey the law because going against it might be your biggest regret in your life as that choice could lead you to be punished if caught or worse serve some jail time.

[mirakal]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

Yes, these restrictions are easy to bypass for someone who knows how to work some ways on the internet and almost every tool can be seen in the internet on how to do these things but these things won't workout well if that specific country have a strict government as they also do some traces.

Even up to now, gambling has also becomes a vice in modern age and it will remain that way in many years to come. Lucky for the ones who have the right mindset when it comes to gambling.

There would really be differences into those people who are really that tech savy or does know on how internet works and on what are things needed whenever you do really intent on how to access
despite of being blocked or prohibited which it wont really be that totally a problem if ever gambling was restricted or really that not allowed which we know that we do have net
where we could really still access things if we wanted to but of course there would be corresponding risk attached to it.

That is exactly my point, these said restrictions are just easy to get through if you're that someone who is tech savy or at least knows the basic because as I said, almost all of the ways and tools are provided in the internet. With just one search, you can already find a lot of help either through article (word) or YouTube (video).