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

[|MINER|]

I'm not sure about that, because it's not just casinos that have adopted Bitcoin, but multiple types of businesses as well. So I doubt it's explicitly due to players. It's something deeper and broader than that, such as financial privacy and other factors.

The popularity and adoption of Bitcoin is a combination of many factors that simultaneously drive its use, the most important of all being money.

But if we look at it a little differently, I think we can be sure that gambling is also currently playing a role in bitcoin adoption, albeit indirectly.

I personally think that the more use cases Bitcoin has, the more its adoption will increase. For example, if we talk about the incident of Lazlo buying two pizzas with 10,000 Bitcoins, it basically made it clear to others that Bitcoin has an exchange value and as a result, people started paying attention to Bitcoin. Just like that, whether it's the gambling sector or any other sector, wherever bitcoin is used, we have to assume that bitcoin is spreading and the spreading of bitcoin means more people are adopting bitcoin.

[DaNNy001]

A lot of gamblers make use of cryptocurrency now, I can't really say that gambling plays a bigger role In Bitcoin adoption because I think that the percentage of people investing or hodling are more than those using their Bitcoin to gamble...it might be one of the factors that contributed to it but I don't think that it's that main factor in Bitcoin adoption.. it's risky to gamble with Bitcoin though because you might end up losing all of it

[bhadz]

A lot of gamblers make use of cryptocurrency now, I can't really say that gambling plays a bigger role In Bitcoin adoption because I think that the percentage of people investing or hodling are more than those using their Bitcoin to gamble...it might be one of the factors that contributed to it but I don't think that it's that main factor in Bitcoin adoption.. it's risky to gamble with Bitcoin though because you might end up losing all of it

Before it was one of the main and key industries of Bitcoin's growth and adoption. But this time, you're right that many might not want to gamble with their Bitcoin's anymore because everyone just like to hold it until the price goes up. Although for the long term holders, this could also be an opportunity for them to start gambling with their satoshi's because it's got a value now. Unlike before, the satoshi's were very small but these days, the value will speak for its importance and relevance with the current market's situation.

[Hyphen(-)]

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, there is no doubt, the crypto casino platforms are playing a vital role in Bitcoin adoption because most of them accept Bitcoin as more of deposit and people are learning to use Bitcoin and other cryptocurrencies to deposit, and also feel safe withdrawing Bitcoin or any other cryptocurrency instead of Fiat currency due to bank charges and privacy issues.

Nevertheless, I do t think gamblers do hold their Bitcoin or the crypto they withdraw from the casino and betting platforms, this shows that they are only getting to know crypto just to use them for transactions.

[Wakate]

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, there is no doubt, the crypto casino platforms are playing a vital role in Bitcoin adoption because most of them accept Bitcoin as more of deposit and people are learning to use Bitcoin and other cryptocurrencies to deposit, and also feel safe withdrawing Bitcoin or any other cryptocurrency instead of Fiat currency due to bank charges and privacy issues.

Nevertheless, I do t think gamblers do hold their Bitcoin or the crypto they withdraw from the casino and betting platforms, this shows that they are only getting to know crypto just to use them for transactions.

Due to the nature of gambling that requires gamblers to be making frequent deposits so they can gamble, this alone has increased the usage of Bitcoin especially in Bitcoin casinos and others that support the Bitcoin network for making deposits.
There has been new casinos joining the gambling industry while support deposits and withdrawals in Bitcoin so they can keep having frequent traffic from new users.

[peter0425]

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.

It should just be right because they really should offer everything as much as possible to make it convenient for their customers. They are simply following the trend but I hope they keep it for a long time.

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

Like I said, it’s simply not about the trend but also about how it creates more convenience foor the people that decide to play at their platform.

[coin-investor]

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.

Bitcoin has given rise to a new industry: the crypto casino industry. However, it remains an online casino in its true essence; it attracts memberships because gamblers have finally realized how easy it is to deposit, bypassing the need for a bank or credit card, which is often unavailable in third-world countries.

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

Adoption is doing great; it now depends on every country whether Bitcoin is well adopted in that country, and how the industry in that country adopts it, many merchants in a country can easily integrate Bitcoin because their government supports it.

[Eternad]

A lot of gamblers make use of cryptocurrency now, I can't really say that gambling plays a bigger role In Bitcoin adoption because I think that the percentage of people investing or hodling are more than those using their Bitcoin to gamble...it might be one of the factors that contributed to it but I don't think that it's that main factor in Bitcoin adoption.. it's risky to gamble with Bitcoin though because you might end up losing all of it

Using stablecoin or other cryptocurrencies with lower fees than bitcoin as an option to gamble is also available now so gamblers have much more choices on what to use to gamble.

I also don't believe the main reason for the growth of bitcoin adoption is because of gambling. Bitcoin is not only used for such purpose, the reason why people get attracted to it is its value that keeps increasing over the years. Using it also provides convenience when sending and receiving money anywhere around the world without paying too much fees.

[robelneo]

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?

Online gambling is already a huge industry, and when Bitcoin entered it, the industry experienced a significant surge in popularity, benefiting both sides. I don’t want to think that Bitcoin was explicitly made for casinos, but it fits well.
Without online casinos, I doubt it will find a better platform for its usage. The numbers don’t lie: huge transactions are coming from the gambling industry.
Following Bitcoin adoption, the number of online casinos has increased, targeting not only gamblers but also Bitcoin holders.

[Sandra_hakeem]

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.

For some lame reasons, you have refused to acknowledge that a thread like this had already been created where even I gave my opinion on what I thought was factual, and this duplicated thread has already ran a useless course for over a day now. Is there always a need to elaborate on topics that have been discussed already??
 

We discussed this last week and my response was this which remains the same...

how did you not see this?

Somebody already made a thread with almost the same discussion (gambling and Bitcoin).

And this?

[Wakate]

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?

Online gambling is already a huge industry, and when Bitcoin entered it, the industry experienced a significant surge in popularity, benefiting both sides. I don’t want to think that Bitcoin was explicitly made for casinos, but it fits well.
Without online casinos, I doubt it will find a better platform for its usage. The numbers don’t lie: huge transactions are coming from the gambling industry.
Following Bitcoin adoption, the number of online casinos has increased, targeting not only gamblers but also Bitcoin holders.

  We should always be grateful for Satoshi Nakamoto that has indirectly influenced the gambling space to be more lively like the way it is now. Bitcoin has really influenced this industry to what it is today through the way we gamble and  make payment. There was a time I used to stay hours or even days before my deposit can be confirmed on an online casino but nowadays, things has changed making casino deposit to be easier especially when making deposits through cryptocurrency.

[Sonia_123]

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?

This is true because gambling has been made more easier for gamblers ever since the emergence of bitcoin,it  which has made gambling faster, easily accessed without delay, which in turn has also made most gamblers adopt bitcoin, most online casinos has being benefiting tremendous increase in their business as well .

Gambling today has gone viral beyond imagination of many and more casinos and bonuses are being created and given to attract more customers.

[Smartvirus]

A lot of gamblers make use of cryptocurrency now, I can't really say that gambling plays a bigger role In Bitcoin adoption because I think that the percentage of people investing or hodling are more than those using their Bitcoin to gamble...it might be one of the factors that contributed to it but I don't think that it's that main factor in Bitcoin adoption.. it's risky to gamble with Bitcoin though because you might end up losing all of it

You’ve got that right.
Gambling indeed plays some role but, i wouldn’t consider it to be that large in the cryptospace. The faction of cryptocurrency adaptors that might come through the gambling route would be of very little significance. Given that, people already feel private enough with fiat gambling so long as they don’t get to go out to the gambling house, the casinos and all. So, there wouldn’t be much need to focus on cryptocurrency gambling except for the case of the ease that comes with funding.

[sheenshane]

The numbers don’t lie: huge transactions are coming from the gambling industry.
Following Bitcoin adoption, the number of online casinos has increased, targeting not only gamblers but also Bitcoin holders.

I'm considering this.
What if a gambling casino also employed those bad actors to launder their Bitcoin?
They deposit a large amount of Bitcoin, meet the wagering requirements, and then withdraw the remainder that comes from the casino.  That's possible, right?

As cryptocurrencies, including Bitcoin, have gained popularity, the growth of digital payments has also increased, particularly in the gambling industry.  
One reason for this could be that crypto enables faster and cheaper cross-border payments, reducing processing times and fees compared to credit cards, e-wallets, and international bank transfers.

[Wakate]

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?

This is true because gambling has been made more easier for gamblers ever since the emergence of bitcoin,it  which has made gambling faster, easily accessed without delay, which in turn has also made most gamblers adopt bitcoin, most online casinos has being benefiting tremendous increase in their business as well .

Gambling today has gone viral beyond imagination of many and more casinos and bonuses are being created and given to attract more customers.

I am happy that you know about this and the importance role Bitcoin has been saying in our individual life.
Casinos are making money from us because making deposits and withdrawals have become very easy and customers do not have to wait for hours or days before transactions can be approved.

Casino users do not have to wait for days before transactions can be approved. This alone has changed the way we can transact making it 100X faster than the traditional way. Many casinos to check transactions and confirm them through different ways, checkmating real and false transactions and this alone do take a lot of time.

[batang_bitcoin]

The numbers don’t lie: huge transactions are coming from the gambling industry.
Following Bitcoin adoption, the number of online casinos has increased, targeting not only gamblers but also Bitcoin holders.

This is true, and that's why the governments are even concerned from the influx of money that comes from the casinos. They cannot ignore it anymore because of how it's done. And we always see new casinos coming out and that's a fact that they're targeting all potential customers, Bitcoin holders and not. And so, to the aspect of how their role is, we can all agree that they've got a bigger role to play onto the market. So from the inception of Bitcoin casinos to this date, they have been a part of it and still getting more people on board to gamble through Bitcoin.

[CryptSafe]

As cryptocurrencies, including Bitcoin, have gained popularity, the growth of digital payments has also increased, particularly in the gambling industry.  
One reason for this could be that crypto enables faster and cheaper cross-border payments, reducing processing times and fees compared to credit cards, e-wallets, and international bank transfers.

You are correct, and as a matter of fact, crypto knows no borders, which makes it borderless and void of third-party interference. It makes transactions easier and faster, as you have said, with a lower fee to incur compared to the traditional banking system, which involves third parties and an outrageous fee for processing, which has to pass through processes and other steps before your transaction is successful.

Bitcoin is no respecter of anybody and can not be controlled by anybody, just like the way fiat is controlled.

[baeva]

A lot of gamblers make use of cryptocurrency now, I can't really say that gambling plays a bigger role In Bitcoin adoption because I think that the percentage of people investing or hodling are more than those using their Bitcoin to gamble...it might be one of the factors that contributed to it but I don't think that it's that main factor in Bitcoin adoption.. it's risky to gamble with Bitcoin though because you might end up losing all of it

In fact, using cryptocurrency for gambling is simply more convenient than traditional finance. Moreover, it is more convenient in cases where gambling is prohibited in certain countries and it is simply impossible to make a deposit, but cryptocurrency solves this problem. Therefore, there is definitely widespread acceptance of cryptocurrency in this area, and it seems to be useful in some ways.

[Lida93]

It's all a mutual drive for both enterprise as I can understand. Casinos involving the use of cryptocurrency like bitcoin in their lists of currencies has actually helped in expansion the online gambling industry as crypto users are more interested in using cryptocurrency to gamble now due to its fast transaction success and convenience than fiat.  So while the crypto adoption expands the online casinos also gets taste of it

[mak013]

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?

Today we have country restrictions for example. I think that it is strange enough but today for me much easier to have problems with inner country restrictions in fiat casino, than to fight with KYC and country restrictions in cryptocurrency casino.
It is really strange because the cryptocurrencies were created to be used all over the world, but i have to select the "right" country to be able to make a bet in cryptocurrency casino.