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 Affiliate Guard Dog Member

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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 New 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 Affiliate Guard Dog Member

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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 New 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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