Do you think gambling played a bigger role in Bitcoin adoption?

[Fivestar4everMVP]

We are already in the trend of crypto casinos and we have been seeing majoriry of fiat based casinos now accepting Bitcoin to attract gamblers that love gambling with cryptocurrency.

Before the launch of Bitcoin many years back, it was difficult for me to gamble on some casinos back then because of so many restrictions due to currency conversion and bank not supporting the mode of transaction i was meant to use in making deposits on the casino I love to use then. Apart from that, sometimes you will have to wait for several hours before the casino will finally confirm my deposit.

So many challenges we faced then because their was no other alternative we can use to make fast deposits on foreign casinos but since the emergence of Bitcoin, life has been pretty good, influencing vast rising of crypto casinos.

What is your observation so far and do you think the trend will hit other industries that are still slow on Bitcoin adoption?

Well, to be very honest, I feel it's the other way round, that is that instead of we assuming that casinos and gambling has played a bigger role on bitcoin adoption, I think it's bitcoin that has played the bigger role in online casinos adoption for gambling..

Though it is often said that a dog's play is if one fall for the other, the other will also fall for the one, both bitcoin and gambling casinos have helped each other gained more adoption, online crypto casinos have indeed contributed its quota and still contributing in bitcoin adoption, while on the other hand, bitcoin also have helped online crypto casinos gain more customers from different parts of the world, even from countries where gambling is restricted, citizens in such a country can easily access casinos and play using bitcoin or any other cryptocurrency they own.

[Darker45]

I think so, yeah, Bitcoin was adopted early by the gambling industry. It's continuously growing until today. Some gambling platforms are even crypto-centered. Meaning, crypto isn't just an alternative for betting but is mainly the currency used.

Yeah, I believe it's just a matter of time before other industries embrace Bitcoin and crypto. The banking industry is partially in. Ecommerce stores will definitely follow suit sooner rather than later. The same is true for the rest.

[maydna]

Before Bitcoin launched, I didn't gamble because I couldn't find the casinos. I heard about an online casino based on fiat but I don't want to try because that is too risky. When Bitcoin launched and I joined Bitcoin, I heard about the crypto casinos where crypto is the based of the bet.

This has raised the popularity of Bitcoin from time to time and many people know about Bitcoin. They used Bitcoin and other coins to gamble and they also used them for other reasons.

Now, the adoption process will running better. More people realize the benefits of Bitcoin. This will hit other industries sooner or later because Bitcoin offers something different.

[qwertyup23]

The role of gambling evolved throughout the years especially its effect into the acceptance of cryptocurrencies as payment methods.

Like what was posted a few days ago, there was a topic that discussed gambling and its effects into cryptocurrencies adoption. Especially during the time when the pandemic happened, lots of people discovered that they could gamble using their mobile phones and PCs at the convenience of their home. This was also the time that multiple signature campaigns dedicated for promoting different crypto-gambling websites skyrocketed in numbers.

Given the sheer number of factors that happened, it is no surprise that gambling indirectly caused the adoption of cryptocurrencies in some countries.

I think so, yeah, Bitcoin was adopted early by the gambling industry. It's continuously growing until today. Some gambling platforms are even crypto-centered. Meaning, crypto isn't just an alternative for betting but is mainly the currency used.

Yeah, I believe it's just a matter of time before other industries embrace Bitcoin and crypto. The banking industry is partially in. Ecommerce stores will definitely follow suit sooner rather than later. The same is true for the rest.

When I joined this forum last 2017, there were only a handful of signature campaigns dedicated solely for the promotion of crypto gambling websites. Most campaigns would stop their promotion by 2nd to 3rd week of their operations. Come the pandemic, there was an influx of gambling websites that were created with tons of campaigns to promote them.

In conclusion, gambling definitely had an effect on gambling especially its acceptance and usage to other methods as well.

[tread93]

We gamblers are actually one of the biggest reasons why Bitcoin took off

In this thread where you can find opinions of the community members for the title you have here.

What is your observation so far and do you think the trend will hit other industries that are still slow on Bitcoin adoption?

Possible, or it's happening now since every government wants to be involved with bitcoin in someway and only a few of them yet to realise the potential of bitcoin but we need better policies that supports the crypto payments if we want to see the real adoption.

Yes i'd have to agree, in the grand scheme of things its not the literal sense of gambling here but gambling and placing a bet on the fact that Bitcoin price will go up over time is a huge.

I think that crypto casinos actually have had a big impact on Bitcoin and crypto in general for sure too. Maybe one day we will see a physical casino that deals and provides physical chips via crypto.

That would bring about a whole new class of crypto collectibles that already fit inside of the very cool genre of coin collectibles. Some good old crypto chips are always fun.

Anyhow, the answer is yes, gambling has affected not just Bitcoin but crypto in a huge way!

[Darker45]

I think so, yeah, Bitcoin was adopted early by the gambling industry. It's continuously growing until today. Some gambling platforms are even crypto-centered. Meaning, crypto isn't just an alternative for betting but is mainly the currency used.

Yeah, I believe it's just a matter of time before other industries embrace Bitcoin and crypto. The banking industry is partially in. Ecommerce stores will definitely follow suit sooner rather than later. The same is true for the rest.

When I joined this forum last 2017, there were only a handful of signature campaigns dedicated solely for the promotion of crypto gambling websites. Most campaigns would stop their promotion by 2nd to 3rd week of their operations. Come the pandemic, there was an influx of gambling websites that were created with tons of campaigns to promote them.

In conclusion, gambling definitely had an effect on gambling especially its acceptance and usage to other methods as well.

When I joined the forum back in 2016, CryptoGames and Lightlord's Bitvest and 777Coin's signatures were already all over the place. They're already popular in a way. I can still remember how familiar they've grown to me, because unlike other signatures they didn't just come and go. They're consistently worn because the campaigns were continuously running. There was also FortuneJack whose signature was worn by respected members.

In other words, they were already a thing. It's just that, at least for me, joining a Bitcoin-paying campaign during those days wasn't that attractive. The pay wasn't high. Whereas, it was the height of altcoins and ICOs. Money can be made quickly and easily with those.

[_act_]

We have just talked about this last week and another person brought it up in another discussion again this week. We all know that gambling helped in bitcoin adoption, but if there is not gambling in this life, know that there is nothing that will still hinder bitcoin adoption. I will say that bitcoin even helped some gambling sites because new gambling sites see it as an opportunity to come to the market.

[bettercrypto]

We are already in the trend of crypto casinos and we have been seeing majoriry of fiat based casinos now accepting Bitcoin to attract gamblers that love gambling with cryptocurrency.

Before the launch of Bitcoin many years back, it was difficult for me to gamble on some casinos back then because of so many restrictions due to currency conversion and bank not supporting the mode of transaction i was meant to use in making deposits on the casino I love to use then. Apart from that, sometimes you will have to wait for several hours before the casino will finally confirm my deposit.

So many challenges we faced then because their was no other alternative we can use to make fast deposits on foreign casinos but since the emergence of Bitcoin, life has been pretty good, influencing vast rising of crypto casinos.

What is your observation so far and do you think the trend will hit other industries that are still slow on Bitcoin adoption?

It seems that there is some truth to what you are saying because in this country alone, there are many casinos that are spreading with different names through online.
Now, if it is related to crypto gambling, it has really increased, because I see many new casinos emerging in this field.

Even though many have emerged, there are still many gamblers who try new online casinos because they think that when they are new,
they are usually given chances to win big amounts like that.

[Wiwo]

Cryptocurrency casinos are the biggest player in the bitcoin adoption race and for that we can only point to only one other cryptocurrency services provider's that have similar or slightly bigger adoption rate above casinos which are decentralized and centralized cryptocurrency exchanges, aside that, we can clearly and boldly point to casinos to be one of the main market for bitcoin and other cryptocurrencies that are accepted to be gambled with.

The adoption is vas visal because gambling businesses increase the rate of bitcoin adoption, likewise also bitcoin/cryptocurrency have been the major traffic generators fpr those gambling sites since gambler's can now gamble without any payments restrictions like regional hindrances that use to affect gambler's access to most casinos in the traditional fait online platforms

[giammangiato]

I believe that casinos' adaptation to bitcoin is due more to bureaucracy than to the desire to do so.
You'd have to be blind not to accept bitcoin as payment. Casinos are usually run by entrepreneurs who know what they want, so I think it's the implementation of bitcoin as payment for the tax system.
All of this has slowed down the conversion process over time.

[Dr.Bitcoin_Strange]

I think there was just a similar discussion lately, which I agreed with that gambling played a wide role too in Bitcoin adoption, many people got to know about Bitcoin because casinos made it possible for them do deposit it Bitcoin since they had faced some challenges in making deposit with their local currencies but with Bitcoin I guess many people were able to gamble since they could easily buy the Bitcoin and deposit to the casinos like yourself.

[BitGoba]

Casinos don’t really care about the payment method or what currency is used , they only care about profit. So it’s no surprise that more and more casinos are now accepting Bitcoin.

On the other hand, more and more people are turning to Bitcoin because they’re tired of the fiat system. Back in the day, we really struggled with deposits , banks would cause problems, often blocking or rejecting transactions. People simply don’t want anyone telling them what they can or can’t do with their own money.

Bitcoin transactions don’t depend on banks or their restrictions , you can send and receive money whenever you want, and you also get more privacy.

The adoption of Bitcoin will definitely continue, as more and more people recognize the benefits it offers over the traditional financial system.

[Agbamoni]

The percentage of gambler in the world is increasing significantly every day. And the new gamblers are familiar with cryptocurrency, they are not worried using casinos that accepts cryptocurrency. Aside from that, those without knowledge of Bitcoin, go as far to learn it so that they can use the casino freely, you know it doesn't take long to understand the basics (depositing, with awing, and security).

[rachael9385]

A lot of gamblers stake more with Bitcoin based on the fact that they only deal on cryptocurrency, there's no doubt that gambling players played the major role in Bitcoin adoption.The percentage of gamblers using crypto casinos are much higher than gamblers that make use casinos that only uses fiat currencies. The world is becoming more advance and people are trying to take advantage of the opportunities that the crypto market comes with

[bangjoe]

We are already in the trend of crypto casinos and we have been seeing majoriry of fiat based casinos now accepting Bitcoin to attract gamblers that love gambling with cryptocurrency.

Before the launch of Bitcoin many years back, it was difficult for me to gamble on some casinos back then because of so many restrictions due to currency conversion and bank not supporting the mode of transaction i was meant to use in making deposits on the casino I love to use then. Apart from that, sometimes you will have to wait for several hours before the casino will finally confirm my deposit.

So many challenges we faced then because their was no other alternative we can use to make fast deposits on foreign casinos but since the emergence of Bitcoin, life has been pretty good, influencing vast rising of crypto casinos.

What is your observation so far and do you think the trend will hit other industries that are still slow on Bitcoin adoption?

Of course, casinos help with the adoption of bitcoin because it expands the functionality of bitcoin and is also known by many people, especially gamblers who want to gamble at overseas casinos easily. The existence of bitcoin has revolutionized casinos.

Some industries are still in the stage of adjustment and learning, because Bitcoin is still not too common now in the lower community, conventional finances still dominate, the limitations of knowledge and limitations of infrastructure make some people ignore Bitcoin, so this requires a long enough time to be able to penetrate adoption to the industrial layer.

[ScamViruS]

Gambling has been around for a long time, and many casinos that accept cryptocurrency have been online since crypto was slowly becoming popular. I learned about crypto when I got into online gambling, because before that I didn't even know what Bitcoin was or what other cryptocurrencies were. So at that time, online gambling sites influenced many people to use Bitcoin.

And now, with the increasing acceptance of Bitcoin, and the rate at which it is increasing, more and more casinos are accepting Bitcoin to stay competitive and attract gamblers.

[Oluwa-btc]

What is your observation so far and do you think the trend will hit other industries that are still slow on Bitcoin adoption?

For the records yes following the recent trends of crypto casinos usage by gamblers is enough proof and evidence that it's one medium that has accompanied Bitcoin adoption. Though I observed government interference leading to a ban of crypto casino based on the fact that they ain't fully in support of Bitcoin adoption which may slow pace the adoption of Bitcoin by other industries.

[Ever-young]

I think so, yeah, Bitcoin was adopted early by the gambling industry. It's continuously growing until today. Some gambling platforms are even crypto-centered. Meaning, crypto isn't just an alternative for betting but is mainly the currency used.

Yeah, I believe it's just a matter of time before other industries embrace Bitcoin and crypto. The banking industry is partially in. Ecommerce stores will definitely follow suit sooner rather than later. The same is true for the rest.

Did the gambling industry help Bitcoin adoption? Yes.

Did gambling industries play a bigger role ? I don't think so, because there were other industries that played even more bigger roles than gambling when it comes to Bitcoin adoption. Even before the gambling industry adopted crypto, as their method of payment, Bitcoin adoption was already on a crazy speed before they decided to seize the opportunity and jumped on the bandwagon. And honestly, I believe Bitcoin helped them more than they helped Bitcoin because they were able to easily reach and attract international audience without much stress.

[Wakate]

What is your observation so far and do you think the trend will hit other industries that are still slow on Bitcoin adoption?

For the records yes following the recent trends of crypto casinos usage by gamblers is enough proof and evidence that it's one medium that has accompanied Bitcoin adoption. Though I observed government interference leading to a ban of crypto casino based on the fact that they ain't fully in support of Bitcoin adoption which may slow pace the adoption of Bitcoin by other industries.

Gambling has really influenced the adoption of cryptocurrency especially by gamblers that are always making deposits on different casinos to earn some profits. Gambling is one sector that has been there for centuries even during the ancient era when people are always gamble with anything they see so they can make money from it. We are not in a period where we don't have to rely on physical fiat for us to gamble and make money. We can always on cryptographic transactions to make deposit on a casino to be as fast as possible.

[JunaidAzizi]

Both have a role, casinos adopt cryptocurrency and Bitcoin to make their transactions easier, safer, and quicker. In the old system, the banking process was very slow and tedious, but when cryptocurrency started to gain popularity, users began to embrace it because everything now lies in their hands. However, cryptocurrency is not limited to casinos,it has now expanded to more institutions like freelancers, e-commerce, and others as well. Because of their secure network and simple, easy to use methods, I would say these institutions also help cryptocurrency grow more and replace the old system and we will see a complete replacement in the near future.