Is this time to dive into Bitcoin Casinos?

Discussion in 'Anything Goes' started by Book of Ra review, Nov 11, 2017.

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    Book of Ra review

    Book of Ra review New Member

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    Bitcoin is becoming more mainstream than ever. is this time to shift the focus to bitcoin casinos? what do you guys think? Here is my first step into the world of Bitcoin Casinos. its an insight of Novomatic Software
     
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    RazorGamer

    RazorGamer AGD Member Ltd

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    Hello, :)

    Don't dive into the Bitcoin Cryptocurrency too much just yet. You want to be very careful at the moment as the value of BTC (Bitcoin) has really taken a very huge nosedive and still is!...
     
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    Casinoer Danmark

    Casinoer Danmark Member

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    Im thinking Bitcoin casino could actually be a good thing for emerging markets. Take Colombia for example whereas only 20% of the presumptive gambling audience has a bank account. Setting up a bitcoin wallet does not necessarily require you to have a bank account and there are services like Western Union to Bitcoin.

    To make this work I believe the role of the affiliate will be even more important and educate the readers to get this to work. However, this is just a "dream scenario" and I believe we still await a big technical or social breakthrough before Bitcoin is used for buying services and goods OUTSIDE of California and New York.
     
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    RazorGamer

    RazorGamer AGD Member Ltd

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    Unfortunately, Bitcoin has taken even more of a nosedive today. It is just barely over $6000 USD for just 1 BTC / Bitcoin. :(
     
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    Casinoer Danmark

    Casinoer Danmark Member

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    As long as BTC is under such a hype its a crapcurrency. Let it mature a year or two and the all the Digital Nomads will stop hype trade it.
     
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    LandofOz

    LandofOz Affiliate Guard Dog Member

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    As time goes on and as the popularity of BTC continues to grow, more online casinos will offer BTC as a payment option. Why not put the players and the casinos in charge of their own money, instead of being at the mercy of greedy or dodgy payment processors?
     
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    TheGooner

    TheGooner Affiliate Guard Dog Member

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    I'm not convinced that it will be Bitcoin that is the transaction crypto currency on the net.
    It takes too long to confirm, and is too costly to move in small amounts.
    Bitcoin seems to be taking the role of "crypto gold".

    Perhaps Ethereum or Litecoin might fit the bill as a widely held transaction crypto currency.
     
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    Book of Ra review

    Book of Ra review New Member

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    thanks for the input
     
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    edgarf76

    edgarf76 Affiliate Guard Dog Member

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    Bitcoin casinos have been booming for years now. BetOnline is now accepting Litecoin. From an investment point of view I stay away from BTC. When it comes to people actually making deposits, that has become the most popular option from my perspective. Also, I believe the only state in the U.S. that you cannot use Bitcoin is Hawaii.
     
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    abc

    abc Affiliate Guard Dog Member

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    Bitcoin will never be good for small purchases. Like going into starbucks and buying a cup of coffee, way to long to confirm and the fees are too high.
     
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    RyanWeb

    RyanWeb Affiliate Guard Dog Member

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    I have one pretty good "Bitcoin Casinos" website that gets a fair amount of traffic. Being away for the past few months, and just returning I am sure I will need to update my list of btc accepting casinos. But I am 100% in on bitcoin, and have been since $700. Its news to me that others are accepting LTC or other coins, thats pretty amazing.

    I hope btc can fix their scaling issue, to provide faster processing times and cheaper fees (what all the forks are about).. But if not, I agree LTC or ETH may be the way to go. Its all easy to interchange anyway. I find it hard to believe now that we have this tech fiat currency will rule the internet much longer.

    On a side note I just bought a house, had to wait days for the wire to land to close (Holidays) the entire time I couldn't stop thinking about how much more efficient this would be using Crypto :)
     
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    onlinecasinoscloud1

    onlinecasinoscloud1 Affiliate Guard Dog Member

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    I think it's a bit risky for casinos/players to use bitcoin, so the price may change day per day.
     
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    RyanWeb

    RyanWeb Affiliate Guard Dog Member

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    Eh, we see huge dips and spikes here and there (and right now for sure), but for US players who usually don't see their winnings for weeks, I think many are willing to take that risk.
     
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    edgarf76

    edgarf76 Affiliate Guard Dog Member

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    Amazon is accepting Bitcoin now. It's mainstreem. If you are talking about dodgecoin, litecoin, that is another topic.
     
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    CL-Ed

    CL-Ed Affiliate Guard Dog Member

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    Amazon does not accept bitcoin.
     
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    RyanWeb

    RyanWeb Affiliate Guard Dog Member

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    Amazon only accepts Bitcoin via third-party sites, such as sites that allow you to buy gift cards with BTC and then use them on Amazon. That's why the confusion as many of these sites advertise "Buy on Amazon with Bitcoin". But directly, they aren't there yet.
     
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    CL-Ed

    CL-Ed Affiliate Guard Dog Member

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    That is like saying my local pizza shop accepts bananas because I can sell my bananas to someone else and then pay for pizza with the money.
     
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    Jo-Ed

    Jo-Ed New Member

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    Bitcoin and Other cryptocurrencies Online Casino is really a fast-growing on the market today. which I believe being anonymous on playing online gambling is a need for some players and some require this. i even read some articles that Bitcoin and Other cryptocurrencies is the future of online gaming also giving an opportunity for those Entrepreneurs who own bitcoin or other digital currency who's interested to start an online casino business you can visit Asia Live Tech I had read some of their articles regarding White Label Bitcoin Online Casino.
     
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    AussieDave

    AussieDave 18 years & still going!

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    I'm only speaking from feedback received, but seems banking in SEPA countries is light years ahead of most non SEPA countries.

    Case in point, I've held accounts at different AU Banks. All have received a wire (different amounts) from the same source (sent on a Tuesday). Yet, one bank takes 18 hours from sent to crediting, while others take up to 3 days. I'm guessing some banks hold that money and use it for a few days on the short-term money market.
     
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    AussieDave

    AussieDave 18 years & still going!

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    Unless I'm mistaken, it's only anonymous until you want to convert crypto to cash, then your cover is blown.
     
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