This year has proved to be quite fruitful for Bitcoin, as the cryptocurrency has gained almost 84% so far, making it the top-performing asset in the related market in the first quarter of 2023.
On Tuesday, April 11, the world's first decentralized cryptocurrency Bitcoin (BTC) has finally managed to breach the $30,000 mark for the first time since June 2022.
This latest rally definitely indic[...] Read more » Bitcoin surges past $30,000 for the first time since June 2022
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20409
its hard to say anything smart about bitcoin and especially when its about gambling and deposits and cashouts with this method! we all know how fast this "currency" can change value and what can you get or lose when you will want cashout from site! if you play in bitcoin and then in few days value drop, you will lose a lot when you want cashout! ofcourse it can grow and you can get more! but people love it and it has still value on market!
Joined: Feb '23
Location: Poland
Age: 40 (F)
Posts: 275
Bitcoin is definitely a big risk, you never know what will happen with the course of this cryptocurrency. I agree with you that any game using Bitcoin is quite unclear and exactly the payout of the prize in this currency. However, a lot of people play with it just to hit its height. They want to make a quick profit, but they can also lose a lot.
Joined: Aug '08
Location: Poland
Age: 41 (M)
Posts: 804
I agree that with bitcoin and cryptocurrencies, you never know how much they will be worth in the future. If someone wants to deposit quickly and play and then withdraw, the odds should not change significantly. But in the long run it can be different...
Joined: Aug '08
Location: Poland
Age: 41 (M)
Posts: 804
Now there is also more and more talk about the introduction of new regulations in various countries regarding cryptocurrencies. Also, the future of cryptocurrencies can be much more complicated. They explain this by the fact that people do not pay taxes and launder dirty money through cryptocurrencies ... As long as everything is legal, you can try to play in bitcoins.
Joined: Aug '08
Location: Poland
Age: 41 (M)
Posts: 804
Exactly, and if someone earns money, they would like to prohibit it or tax it so that ordinary people would not earn it. That's the way it is with everything and unfortunately the same with the gambling industry lately. It annoys me more and more that governments tell us what to spend our hard-earned money on and what to do...
Joined: Feb '23
Location: Poland
Age: 40 (F)
Posts: 275
I agree with you, more and more governments are interfering in our financial sphere. What's worse, those who really earn a lot will find a way to increase their capital anyway, whether legal or not. Typically, the worst is for an ordinary, average person who, despite the lack of combinations, still cannot use various opportunities, e.g. from gambling.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5370
sometimes it is very complicated this issue of cryptocurrencies because they are constantly changing, sometimes for better or worse, in this case bitcoin has grown a lot and that benefits all those who invest in bitcoin.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
so the risk is still on people because that's how banks work, and people can lose a lot of money if cryptocurrencies are devalued. I still hope that this will not happen and virtual currencies will have stability.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5370
is a risk that you always have to deal with when you are an investor in these cryptocurrencies, sometimes the price goes down a lot and you can lose everything, or also the price goes up and you win a lot, I hope that this is present in us.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13301
I suppose that people need to be very careful and take a lot of interest if they want to exchange large amounts of money in Bitcoin. Who knows what can happen and big losses are painful...
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5370
always keep that in mind and do not bet all your money, because many things can happen in 2 years, and many times it does not work out as you thought, always bet responsibly with cryptocurrencies.
