Bitcoin Crosses $100k. Are Online Crypto Casinos as excited as we are?

[Davidvictorson]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

[Fiatless]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

To answer this question , we will have to get statistics or data that gives a valid analysis of the situation. I did a brief search but couldn't find anything reasonable. But with the rise of Bitcoin to this price, gamblers who are hodlers will have more money to spend if they sell their coins. Maybe it might make them increase their gambling budget which will be beneficial to casino companies. However, I have observed an increase in casino signature campaigns in the forum since the bull run this might be a sign that the season might be benefitting casinos.

[retreat]

I don't think that the rising price of Bitcoin will have a direct effect on casino operations. But indirectly it could potentially bring new customers to the casino if the casino uses the Bitcoin trend to their advantage by marketing their casino platform as Bitcoin friendly, and coupled with bonuses and various other marketing words, the casino platform might encourage people to use Bitcoin on their platform and that could potentially increase the flow of money to their platform and ultimately increase their revenue. The point lies with the casino, whether they want to make the most of this Bitcoin trend or not.

[mindrust]

I think the casinos are also happy because they hodl lots of crypto including bitcoin. Alts are ( at least some of them) doing great lately too. Again those who have patience are getting rewarded while pigs are getting slaughtered. Good alts like ltc are doing pretty good this week. Doge already did great and looks like it will also in the future. I don't think the casinos are unhappy because of the rising prices because there are different crypto currencies for every budget out there. If you think btc is too expensive and the fees are outrageous, use doge which has way cheaper tx fees. Gamblers will always find an asset to gamble with in the end.

[OgNasty]

If they have a Bitcoin treasury like they should, then they are probably ecstatic about it. If they hold customer funds in dollars to try and earn a yield on the backs of their users hoping to buy coins as needed for withdrawals, then they’re probably shitting themselves. This is why proof of reserves is important.

[$crypto$]

Online casinos are the same as exchanges this is part of the business of course from the rise of bitcoin to $100K they are happy indirectly the assets held in some coins increase but this is still part of their business may not even care what the price is.

To celebrate this increase, casinos usually only hold small givaways to bring in new players to be interested again and that they do is part of their marketing.

But maybe the increase to $100K will encourage more gamblers to make their deposits using bitcoin to their platform.

[m2017]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

And what will this change for them? Nothing. In terms of business.

Crypto casinos don't receive profit from the difference in the exchange rate / growth of bitcoin. This is not an investment platform or an exchanger, or anything like that. The casino receives profit in traditional money, although deposits are kept in the form of cryptocurrencies. The main source of profit for the casino is gamblers.

And from the position of "imaginary" money, then yes, the casino's profit has increased due to the growth of the exchange rate, but it is unlikely that the casino will sell these cryptocurrencies for profit, because this money is working capital and a kind of means by which their business functions.

[bittraffic]

Everybody would be excited to this achievement even the guys with just small amount off BTC still benefits from this. Casinos have more which maximized their profit in USD.

I'm not sure though if because of this the gamblers are not starting to just use the USDT to bet because of the potential gains when keeping the BTC instead. For me I would probably start using some altcoins if possible the memecoins  

[_act_]

And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

If bitcoin fall or increase, the gambling sites know what they are doing. Just know that they are always in a profitable business. If the gambling site has not sold any of its bitcoin, that means the gambling site is richer now as bitcoin price continue to increase. But know that the gambling sites do not depend on that. What the gambling sites are depending on are their customers. The more they have customers, the more profitable their business is.

[virasog]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

For crypto casinos, yes it is a good news. It may not be beneficial for the casino directly but indirectly it will benefit the casinos and every business that uses crypto. The reason is that with Bitcoin hitting 100,000$, the more people will know about crypto and adopt it and therefore they may join the crypto casino's too.

Overall, all the crypto community is happy with the bitcoin price action and I guess people are more happy and energetic in a bull market and therefore they may party and gamble more too  

[Cantsay]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

Well as long as they have bitcoin in their holding then it’s only natural for them to be excited - if the casino is one that deals majorly on bitcoin then their portfolio or account should have seen a change in value and as a business owner that should bring some kind of happiness to you.

This is just my thought, but for them it might not be the same as some actually deals based on the bitcoin unit and not the amount in usd so even if it increases it still holds no difference for them and thus I don’t know how they’ll react to such situation.

[Agbamoni]

Any casino company that invested some funds in Bitcoin will be excited alongside other investors. But if they didn't, I don't see any way they should be happy because they are not benefiting from Bitcoin in any way. Unless they are excited for the gamblers who are extreme investors in Bitcoin. Some people have huge Bitcoin and deposit Bitcoin to gamble these people making more profits from Bitcoin will have enough money to gamble so either way it's a big win for the casino.

[Yaunfitda]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

I think everyone should be excited, including crypto based casinos as they are also one of the biggest holders of Bitcoin together with exchanges. So when they see that Bitcoin crosses $100k, then just like us, they are going to look at their wallet and see how much they profited, so it's obvious that they are very happy.

One thing though is the transaction fees, if it goes up together with the price then casinos, specially those who shoulder the fee for their customers, might cringe as it's a added money on them. But overall, I just check the fees right now at 11 sat/vB so still manageable for everyone.

[Wiwo]

I don't think that the rising price of Bitcoin will have a direct effect on casino operations. But indirectly it could potentially bring new customers to the casino if the casino uses the Bitcoin trend to their advantage by marketing their casino platform as Bitcoin friendly, and coupled with bonuses and various other marketing words, the casino platform might encourage people to use Bitcoin on their platform and that could potentially increase the flow of money to their platform and ultimately increase their revenue. The point lies with the casino, whether they want to make the most of this Bitcoin trend or not.

Aside from the effect of this current bitcoin market trend being a driving force for new advert and traffics, this also make alot of senses to the casino who have a large bitcoin reserves in their hotwallet as the value of those bitcoin would have increased significantly as a result of this current market trend, and for sure we are going to see the reflection of that in the number of new streams of promotions by the various casinos during this period of time.

Just as this is an exciting time for us in the bitcoin community same it is for the cryptocurrency casinos community with new expectations and new hopes for the market in the coming weeks and days, so for sure this is having a lot of positive effects on the entire Industry.

[AVE5]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

The crypto casinos are also excited of bitcoin breaking through $100,000 as recently.
Excited persons are the enthusiasts who're holds bitcoin and withnessed this greatness.
Relating this circumstance to the crypto casino gambling, I'll say the casinos house who're accumulating are the ones to be specified because gamblers ain't investing on the casinos instead they stakes, lost or winsnsnd doesn't holding on the casinos.

[salad daging]

And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

If bitcoin fall or increase, the gambling sites know what they are doing. Just know that they are always in a profitable business. If the gambling site has not sold any of its bitcoin, that means the gambling site is richer now as bitcoin price continue to increase. But know that the gambling sites do not depend on that. What the gambling sites are depending on are their customers. The more they have customers, the more profitable their business is.

Even if bitcoin drops drastically casino sites remain profitable because this is part of the business, in fact it is rare for a casino to go bankrupt I always see casinos continue to grow because many customers are playing at the casino.
Some of the bitcoins that the casino has belong to customers who go in and out of the casino so they will not sell them, but still from that the casino is always profitable.

[swogerino]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

Casinos do not give the slightest f*ck if the Bitcoin price is 100.000 dollars or 1000 dollars as they know the poor addicted persons will play no matter what in them and they will have a guaranteed profit thanks to the house edge put in place just for that. I can understand players to be excited as for the same amount of Bitcoin now they can play much longer which can be translated as better wagering toward their VIP rank up, this is the time to raise up those levels guys for you who still believe in luck as personally I don't give a f*ck anymore, I consider myself to hold the world record of bad luck not having a single win day by playing every day since 4 January of 2024 I am empty, 0 wins. For those who are still enthusiastic though, this is the perfect time to put in action two strategies specifically for wagering, dice 98% win and plinko 16 rows low risk, use IDR and you can rank up your levels blazing fast this way.

[Victorybit1]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

I guess this your own thread would be a plus one  too. Well as you stated this your question is actually peculiar because it's really something I have been trying to relate on too because of lately I was seen that the there have been an increase in the number of crypto casino coming to actually run their businesses here and this can only show that it's a positive results for them.

[Dave1]

And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

If bitcoin fall or increase, the gambling sites know what they are doing. Just know that they are always in a profitable business. If the gambling site has not sold any of its bitcoin, that means the gambling site is richer now as bitcoin price continue to increase. But know that the gambling sites do not depend on that. What the gambling sites are depending on are their customers. The more they have customers, the more profitable their business is.

Even if bitcoin drops drastically casino sites remain profitable because this is part of the business, in fact it is rare for a casino to go bankrupt I always see casinos continue to grow because many customers are playing at the casino.
Some of the bitcoins that the casino has belong to customers who go in and out of the casino so they will not sell them, but still from that the casino is always profitable.

Yes, but how about them holding some of their Bitcoin winnings? And if we go on your argument that they are profitable and obviously could be holding still the their profit markup will be greater that what they expected, similar to us when we bought at price of $15,500 and now the price is $100k. So not sure what the numbers are, but it's huge for them and so they are also very excited to finally see that Bitcoin finally had it at $100k.

And so it's just a question for Bitcoin gamblers whether we want to continue to play with it, or just chooses another altcoin and then we just held on our Bitcoin for as long as we can and just just gamble it.

[goldkingcoiner]

Bitcoin crosses $100k . There's a lot of excitement in the community. I have counted at least more than 4 topics related to this trending news on the forum. And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

More FOMO and higher cryptocurrency adoption, especially Bitcoin, will lead to more new as well as returning gamblers for casinos. So I think they are quite excited, but maybe for different reasons than us. Although subjectively both of us are interested in making a profit from the rising value of Bitcoin, so perhaps it could be considered the very same reason?

I guess what matters is the subjective viewpoint.