Is Bitcoin Gambling a big opportunity or a big trap?

[₿itcoin]

Bitcoin gambling is a powerful tool, nearinstant payouts combined with borderless wallets equal seamless user experience & rapid expansion.  However yeah the same ease of access is linked to increased risk of gambling harm &  many bitcoin supported online casino operate offshore with no age restriction a terrible combination for younger users who are inundated with gambling advertisements.  just think of it like fire, fantastic if under control & barbaric otherwise. if you are in control & choose only licensed books then it is really big opportunity, if you failed to set hard deposit & time cap also failed keeping your stake small then you are in trap..

[sompitonov]

Bitcoin gambling is a powerful tool, nearinstant payouts combined with borderless wallets equal seamless user experience & rapid expansion.  However yeah the same ease of access is linked to increased risk of gambling harm &  many bitcoin supported online casino operate offshore with no age restriction a terrible combination for younger users who are inundated with gambling advertisements.  just think of it like fire, fantastic if under control & barbaric otherwise. if you are in control & choose only licensed books then it is really big opportunity, if you failed to set hard deposit & time cap also failed keeping your stake small then you are in trap..

Yes, for young and unformed players this can be a problem, because they can be affected by many factors that make them raise their stakes. For example, it can be the bragging of peers who managed to win, and many players do not yet understand that no one will talk about losses, even among friends, but will just remain silent. Also, I would not neglect the impact on young players of the gaming influence of the Internet and social networks, in which many show expensive cars or vacations, which can act as a trigger for searching and making quick money, and the casino will be this place for them, and paying with bitcoin makes it even easier to do.

[gunhell16]

All vices, including gambling, are like playing with fire... If you are not careful, you can get into all kinds of trouble.

so you’re telling us that gambling is a vice, which by definition means a bad habit or something immoral.
I can’t really agree with that, yes, I recognize the risks of gambling, but I don’t see it as a vice. If it truly was, then governments wouldn’t even allow or regulate it since it would be considered harmful by default.

For me, it’s not gambling that should be blamed when people run into financial problems but it’s the gambler themselves.
At the end of the day, it’s their responsibility to understand and manage the risks.

I agree with what you're saying, dude. In the first place, we're the ones responsible if we face a bad outcome from gambling. That's because of the choices and decisions we made.

That's why before we even start gambling, we should already think of the money we're going to bet as good as gone.
Most of the time, gamblers lose in online casinos.

[hyudien]

In which context is the greatest opportunity: is it for bitcoin to continue to rise due to its use in gambling? Or is it an opportunity to earn more bitcoin? Or is it an opportunity to improve our finances? Of these three, I would answer YES to the first, because it must be admitted that the initial reason bitcoin became popular was partly due to its use in gambling. The second and third are uncertain, as there are win-lose factors and losses can be even greater. Furthermore we already know that gambling is a business, not a charity.
The problem isn't bitcoin gambling but rather online gambling which is now easily accessible, leading to an increasing addiction problem. In this case it's up to each individual to gamble responsibly.

[Awaklara]

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

Topics like this are sure to elicit both positive and negative responses. Nevertheless, the ease of access and the openness of young people towards Bitcoin indeed make the door to Bitcoin gambling more accessible to them.
However, I don’t think that’s what increases the gambling and gambling addiction rates. Online gambling is also growing larger now, with slot sites that are easily accessible and offering easier deposit alternatives.
The problem is not with Bitcoin gambling, but rather the convenience offered by gambling in terms of access and deposits, which leads to an increase in customers.

[GigaBit]

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

In the modern era, people see Bitcoin as a blessing because it is the only way to financial freedom. In your context, I will say that if you use your assets on a gambling platform and lose, then you are responsible for it. Because you yourself have taken the decision to gamble. Bitcoin has given an opportunity to those who want to gamble anonymously, now if you use that opportunity and become an addicted gambler, it is definitely your own failure. It does not matter whether the gambler gambles with fiat or Bitcoin, the main focus is to control yourself and gamble responsibly.

[Eternad]

I don't see how Bitcoin can make gambling a trap it is a currency that can be used to fund gambling accounts like any other currencies, I don't also think that casinos can also be held responsible for directly trapping any gambler. What traps any gamblers is their irresponsibility to gambling, when they are not disciplined they will trap themselves with their habit. Using Bitcoin or stablecoins to gamble in online casinos is a choice,  the major reason why online gambling is growing rapidly is because of convenience, this has attracted a lot of the younger generation into gamble.

Whether you are gambling with fiat or bitcoin, if you lack self control over your gambling activities, you will be addicted. Gambling is part of human nature, it has nothing to do with the currency that you use. It's you that can entrap yourself into the bondage of addiction and not the casino or bitcoin. This is because nobody forced you to gamble but you did it for your own personal interest.

Even if we exclude bitcoin, online gambling has become a trend now and since young generations have smartphones they are prone to try doing it.

Aside from the use of bitcoin, the ease of access is to be blame here. It's very easy to start a gambling account now and the minimum account required is not that high that anyone can afford it.

[tread93]

Recently I've been noticing how bitcoin gambling sites are becoming increasingly popular among young people as these days you don't have to walk into a betting shop again or visit any casino games centres before you can gamble, now you can just get everything served to you on your smartphone while you're sitting at home and since the introduction of crytocurrency including bitcoin into gambling, it has even gone further to make gambling faster, easier sweeter and more enjoyable to many young people.

Now with these crypto based gambling sites you have easy access to playing gambling games and bets, borderless transactions through wallets and also get instant payouts as well as you don't have to pass through many traditional verifications or ID checks.

But as good as these new developments may sound, we have already started witnessing its side effects around increasing financial loss among the young ones since the process has been made easier than ever, growimg number of young gamblers becoming more attached and more addicted to gambling as they could do everything at home and more importantly making it more difficult for proper regulations among government institutions.

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

I think its not a great way for kids to gamble. I mean at least with a regular casuno you deal in cash, you feel it when you lose your money. With Bitcoin its all like a video game and the changing of money into new hands doesn't have much of a tangible feeling and honestly I think that's where this is a double edged sword and gets a little dangerous and extremely risky

[Akbarkoe]

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

It is not bitcoin gambling that is the problem. The problem is the easy access to gambling site through mobile phones or mobile devices. That is the main problem. This has caused a lot of online gambling platforms to Spring up because they know that they are consumers are in their living rooms and they can meet them there with just an ad. For the gambling operators, it is a big opportunity but for the gamblers, it is a trap. We have a gambling epidemic about to explode.

This is an opportunity for the gambling industry, but it's not a trap in my opinion. The phrase "trap" itself is like a trap, and can be interpreted as a scam or a negative connotation.

However, on the other hand, it shouldn't be considered that way. Gambling advertisements can be an alternative way to have fun. Regardless of the currency used, whether Bitcoin, crypto, or fiat, the promotion is essentially a way to introduce the services or products they offer. Therefore, this shouldn't be considered a trap, which has negative connotations.

[SmartGold01]

Recently I've been noticing how bitcoin gambling sites are becoming increasingly popular among young people as these days you don't have to walk into a betting shop again or visit any casino games centres before you can gamble, now you can just get everything served to you on your smartphone while you're sitting at home and since the introduction of crytocurrency including bitcoin into gambling, it has even gone further to make gambling faster, easier sweeter and more enjoyable to many young people.

Now with these crypto based gambling sites you have easy access to playing gambling games and bets, borderless transactions through wallets and also get instant payouts as well as you don't have to pass through many traditional verifications or ID checks.

But as good as these new developments may sound, we have already started witnessing its side effects around increasing financial loss among the young ones since the process has been made easier than ever, growimg number of young gamblers becoming more attached and more addicted to gambling as they could do everything at home and more importantly making it more difficult for proper regulations among government institutions.

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

If you look critically you would understand that gambling has been existence for long, so cryptocurrency or bitcoin doesn't change anyone who wants to get addicted to gambling would never stops, and yes there are people who now have full access to their funds and could have that free moment of regularly going to deposit bitcoin or crypto in their gambling account to start gambling. That reminds me, nowadays most of the casinos are more stricter on their verification and you must pass kyc before having access to your funds except for those that clearly state it that no kyc, but even as that they would still have to check AML if they suspect something like this automatically they could requires verification to know the source of funds and if you didn't provide a sound evidence you could be denied of your asset deposited on the gambling site.

[laspol65]

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

Online is as easy as you think, but it has a hard impact on the youth. Currently, the impact of online casino games is the most on the youth, because the youth use smartphones the most and the number of young men and women in gambling is the largest. Because at a young age, they enter gambling to earn money by gambling, and finally after a few days they face huge losses.
Online gambling protects the most privacy, every student and every smart phone user is able to take this opportunity. As a result, more addiction to gambling is created, which becomes a threat to the next generation.

[Yablee0]

Recently I've been noticing how bitcoin gambling sites are becoming increasingly popular among young people as these days you don't have to walk into a betting shop again or visit any casino games centres before you can gamble, now you can just get everything served to you on your smartphone while you're sitting at home and since the introduction of crytocurrency including bitcoin into gambling, it has even gone further to make gambling faster, easier sweeter and more enjoyable to many young people.

Now with these crypto based gambling sites you have easy access to playing gambling games and bets, borderless transactions through wallets and also get instant payouts as well as you don't have to pass through many traditional verifications or ID checks.

But as good as these new developments may sound, we have already started witnessing its side effects around increasing financial loss among the young ones since the process has been made easier than ever, growimg number of young gamblers becoming more attached and more addicted to gambling as they could do everything at home and more importantly making it more difficult for proper regulations among government institutions.

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

I consider it a big trap to young ones in our society because since this new innovation of making gambling easier and accessible through our mobile phones  and tablets citizens has gain quick express to gambling, addiction rate is going higher on a daily basis, people no longer have restrictions anymore, all they want is at the edge of their finger tips, so while would it not cause more harm than good in the society.

Despite the fact that this innovative system of gambling has make it easier for us to gamble at our convenient, it has also encouraged more people into it and causes more addiction, harm to the society.

[traderethereum]

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

Online is as easy as you think, but it has a hard impact on the youth. Currently, the impact of online casino games is the most on the youth, because the youth use smartphones the most and the number of young men and women in gambling is the largest. Because at a young age, they enter gambling to earn money by gambling, and finally after a few days they face huge losses.
Online gambling protects the most privacy, every student and every smart phone user is able to take this opportunity. As a result, more addiction to gambling is created, which becomes a threat to the next generation.

Besides that, they often see gambling ads showing on their social media page. That makes them curious and want to know more. They don't think that it is gambling because the ads are playing with their emotion.

The big winning showing to them makes them think that it is so easy to win big. But the fact is they will never easily win that big money. They may lose all of their money before they win. If they don't realize that, they will regret losing money.

Online gambling gives an easy way for people. They don't have to visits casinos around their city but they can stay at home and enjoy their time. But this can make them deeper in gambling if they can not control themselves.

[iv4n]

All vices, including gambling, are like playing with fire... If you are not careful, you can get into all kinds of trouble.

so you’re telling us that gambling is a vice, which by definition means a bad habit or something immoral.
I can’t really agree with that, yes, I recognize the risks of gambling, but I don’t see it as a vice. If it truly was, then governments wouldn’t even allow or regulate it since it would be considered harmful by default.

Yes... gambling is generally considered a vice, because it can become addictive, lead to harmful consequences, and is often associated with risk, temptation, and loss of self-control.

I am telling you what it is... a vice is generally defined as:

-A bad habit, practice, or behavior that is considered morally wrong, harmful, or self-destructive.

-An immoral or wicked trait in a person’s character.

-In a broader sense, any indulgence that goes against moderation, reason, or social norms (for example: greed, gambling, lying, gluttony).

If you already recognize the risks of gambling, then you should also understand how dangerous it can be and why gambling is considered one of the many vices. In many countries, it is regulated, with numerous laws addressing it... and in more developed countries, those laws tend to be stricter.

Good luck... if we plan to gamble today, we will need it!

[Fivestar4everMVP]

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

In the modern era, people see Bitcoin as a blessing because it is the only way to financial freedom. In your context, I will say that if you use your assets on a gambling platform and lose, then you are responsible for it. Because you yourself have taken the decision to gamble. Bitcoin has given an opportunity to those who want to gamble anonymously, now if you use that opportunity and become an addicted gambler, it is definitely your own failure. It does not matter whether the gambler gambles with fiat or Bitcoin, the main focus is to control yourself and gamble responsibly.

Bitcoin is not the only means to financial freedom if you are talking about making money, there are several other ways through which people can make money, the one benefit I see that we enjoy when we save our money in bitcoin is that we are free off being censored or being controlled on how we can spend our money, and we are also free from all transaction limits usually set by banks to try to limit how money is moved out of their custody to the custody of another bank.

And now talking about gambling with our bitcoin, you are absolutely right, like I have said before and will always say, we choose to gamble ourselves, the casino didn't force us into making this decision, so who ever chooses to gamble and choose to spend their bitcoin for this purpose should be ready to bear whatever the outcome turn out to be, gambling is risky specially when we are spending money we are not ready to lose on it.

[Cityhunter34]

Online gambling is what is the cause of increased in gambling addiction and not bitcoin because bitcoin is innocent. It's not bitcoin that made people started gambling but the urge to double their money. Majority of crypto casinos do accept fiat in local currency. This shows that even if you don't know much about cryptocurrency, you can still use such casinos.

Exactly because Bitcoin is pretty innocent, there is nothing consign Bitcoin with gambling addiction. Because there many addicted gamblers out there that have not had about Bitcoin before, but still get addicted to gambling just because they lack self control hoping that they can easily double their money in gambling.

However, gambling addiction doesn't start today so Bitcoin is totally free from anything addiction.

[fruktik]

What a one way street that posses indeed as a two way, to the system, multiple daily transactions from gamblers helps the Blockchain technology grow. So, on a general ground it's helping the system, but on an individual status, gambling is detrimental to personal portfolios and most players I've read that gambled with Bitcoin regrets it, because it's an appreciating money. Except that, players who gamble with fiat also feel the effect of losing money. Hence, gambling is a trap, not just for the Bitcoin players alone, the mental approach to it is what determines what it's like for any gambler.

Why do you think Bitcoin will constantly grow in price? Well, where did you get this idea from? At the moment, let's face it, it is nothing more than a speculative instrument. To be convinced of this, it is enough to look at its history on the chart. You will see a fall that has thrown many large investors off track. You should not be so sure of anything. It is better to consider all scenarios, and not to indulge in public opinion.

[bitbollo]

Gamblers could get ruined in any case not only using bitcoin or crypto. It's just another medium for them.

The history of bitcoin has a kind of gambling on it.
Not only because we consider bitcoin " a big bet " but also because some of the best and well known initial improvement offered by bitcoin has been immediately implemented in gambling industry.
Even new concepts have been developed, some of these idea can't be applied in other classic casino (even if they try to copies some of this...)

[Patikno]

The big question for me now is, do we consider bitcoin gambling sites a big opportunity for the people or a big trap that will leave many young people addicted and financially broke?

I don't see any problem with Bitcoin gambling for anyone as long as they are educated, especially fully educated about gambling and its impacts. So that young people who are just about to try it, or have already tried it, are already knowledgeable about it. Some time ago, this was a problem in my country, but fortunately, the government acted quickly by collaborating with many well-known influencers to warn and educate the public about gambling, especially young people, and I think the results have been quite effective. So the key is education, education can be obtained not only from schools but also from the surrounding environment, from home or family, government appeals, and so on.

[nullama]

Whether it's Bitcoin or dollars, the only difference is the currency; the problems are very different.
1. Ease of access without any age checks (you remain anonymous, but anyone can play, even children).
2. No control over the reliability of the platforms (everything will work through word of mouth without any real oversight organization).
3. Speed ​​of access to the game and increased exposure to addiction, starting at a young age.

Bitcoin has nothing to do with all this; rather, an environment where no documents are required to play could be less secure; it becomes a kind of underground gambling den for young people.
I repeat, it's not the currency that makes the difference.

Exactly right.

It doesn't matter if you gamble with US Dollars, Pesos, or Bitcoin.

In the end, you will end up losing all of it if you keep gambling it away.

That's just how the casinos work.