CoinsPaid and SoftSwiss both have recently shared their exclusive insights into the currently fast-growing market of cryptogambling.
The brands noted a rapid expansion, with SoftSwiss Game Aggregator Q1 report mentioning it as well, as the crypto turnover increased to 26% at the end of March. Current crypto turnover has grown to 31%, surpassing the earlier figure in only two months' time.
The [...] Read more » Cryptocurrency Gambling Grows to 31% with Bitcoin as Most Popular
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
The cryptocurrency industry has grown a lot in the last 10 years and I think Bitcoin has made that thing to be possible. I don't know if they were the first, but many competitors copied from them and now other names appear very often. I think bankers invested a lot to be competitive with their new rivals.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20405
for me this way of deposits and cashouts isnt something that I will use in near future,even probably limits are bigger,but at time that you want to make cashouts,you never know what value your crypto will have and how much you will get on end!ofcourse it can be bigger or lower and probably you will pay fees for this cashouts as we had news for party poker!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
People still think that banks will let them use Bitcoin, but these banks are causing disaster in the cryptocurrency market. This thing proves that they are very scared of competition. Bitcoin Romania is struggling and building a network of crypto ATMs, that will reach at 300 units by the end of the year.
Joined: Dec '14
Location: Greece
Age: 40 (M)
Posts: 2118
It is a good option to use cryptocurrency in many cases , gamblers use this option especially the last years . Ofcourse cryptocurrency is now very well accepted worldwide , by more and more markets , it has some disadvantages , but ofcourse online casinos andpoker rooms should provide payment optuons with cryptocurrency , as now it's very popular , or else they lose potential customers . I think in the future moreand more will use this payment option , the cryptocurrency .
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
The Internet makes a lot of money and this idea of inventing valuable virtual currencies was something very interesting and a financial generator of value in case of success. This thing has happened and now we will see how good it will be, for those who have many of coins. Depreciation can be a disaster for them.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20405
lot of people spend money on crypto,but you never know what can happen next day!we can see how much you can lose or win every day,when you want to make transfer!
Joined: Jan '12
Location: Slovenia
Age: 32 (M)
Posts: 1405
Wow didn't expect that number. Transfering crypto currencies is some kind of gamble too, and it looks they like to gamble casinos too. Good for casinos haha, probably allot more of bigger sites will offer crpyto deposit's too. I hope those player will go and look into poker tables too, on my right of course if i can choose lol.
Joined: Dec '14
Location: Greece
Age: 40 (M)
Posts: 2118
This Bitcoin , lol In 5 years from $600 in 7/16 to $19.000 in 12/17 , then to $3.200 in 12/18 , to $11.111 in 7/19 , to $5.000 in 5/20 , then $26.000 in 12/20 , $61.000 in 3/21 and finally today 7/21 it's $31.000 .LoL man , if you do not know whento buy and when to sell this currency , you'll lose money probably , so big ups and down , so soon . In 4 months it lost half it's price , $30.000 lol
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20405
thats problem with this crypto currencies,because you never know how they will change,up or down or they will be on same level! for example,we all know what happend when elon musk made tweet about bitcoin and how he will invest lot of money in it and how people will have option to buy his cars with bitcoin!it was huge jump of value just because of one man!same was when he told that he dont want bitcoin anymore!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
Antonis, someone works very well with Bitcoin on the world market and this thing it looks very good. Such power could not be obtained so quickly, in just a few years, and some rumors say that the inventors of this virtual currency are actually the Americans, not the Japanese. However, many work with this currency and have given up normal money, because they have different opportunities...
Joined: Jan '12
Location: Slovenia
Age: 32 (M)
Posts: 1405
Yeah you must know when and how to trade, that goes for bitcoin and other cryptos too. I don't have too much idea about it so i just stay out. But the ones who gets the most are those who are there at the beggining like every other thing. I even read somewhere that i tink in 2010 or something you register on faucet site and get 5 free btc reward lol.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
I'm curious in the coming years how long this currency will last because the new US treasurer is talking about using virtual currency in "illicit financing". Investor fears about Bitcoin's performance have pulled down the value of the cryptocurrency, forming a support threshold of around $ 34,000. Be careful , guys.
Joined: Nov '11
Location: Poland
Age: 37 (M)
Posts: 1081
For me, the Bitcoin gambling is risky. The rate fluctuates too much to accept this. In example, we organise tournament with 100B prizepool. It's around $3M. But after tournaments end (like PCA which takes 10 days!) this pool may be worth $2M or $4M. It's pretty difficult to organisators, and contestants too.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20405
mysik86 but its not exactly like that,because this big sites dont have tournaments in bitcoins,you can make deposit with bitcoin,but they will change it to dollars,which you will use to pay buy in for some tournament,its not like that prize pool is in bitcoin! so this change will affect later,when you want to make cashout from for example party poker,you will need to luck how much it worth! prize pool i same for every tournament,have nothing with bitcoin!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
Bitcoin is very risky for everyone, but there are smart people on this planet who do illegal business and make a lot of money. They can always use this virtual currency, but for us it is something terrible, because we can lose enormously with its depreciation.
Joined: Nov '11
Location: Poland
Age: 37 (M)
Posts: 1081
@Dule-vu: Yeah you're right. But Bitcoin is still risky like Calicul said. First, you may launder money easy. If you make deposit or cashout with bitcoin, you may launder them fast. Now, sites offer credit cards or bank deposits, which is pretty trackable. But with Bitcoin is very hard to do that. So if I were a gangster or mafia (hey, we are on BRM ), the casinos with bitcoin would be the great place for me, to make my money clean
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
When states of the world have a meeting to make a deal, then Bitcoin could be better coordinated, and mobsters could miss the opportunity to do illegal business with people around the world. The price of this virtual currency would fall and it is good to keep an eye on politicians, so that they do not make decisions about it and to permanently verify activity and Bitcoin operations.
), the casinos with bitcoin would be the great place for me, to make my money clean 
