Bex Raven Forum - Member Profile > Profile Page. User: Is bitcoin worth a gamble, is bitcoin considered gambling, Title: New Member, About: Is bitcoin worth a gamble, is bitcoin considered gambling Gamble with Bitcoin If you like to gamble, you are in luck, because Bitcoin and online gambling are a natural match. Bitcoin’s effortless transactions simplify online gambling considerably and enable some convenience and security features for gambling sites that weren’t possible before Bitcoin. GameStop was worth $200 because more people would buy it and then it would be worth $400; it was a pure social coordination game with no connection to the business of an actual company. Although not yet considered a “mainstream” currency, it does have a number of practical uses. One of these is gambling. Bitcoin can be used for making deposits and withdrawals at many of the leading online gambling sites, and there are several advantages in doing so. Five years ago, the bitcoin traded at about £150 a coin, but by the end of 2017 its value had rocketed to £15,000. It is now worth about £7,000. Depending on which method you use for making a deposit, these fees can be as high as 5 percent. That’s $5 out of every $100 you deposit going to the casino for fees. When you gamble with Bitcoin, you avoid these transaction fees. That’s because third-party processors are not necessary for casinos that accepts Bitcoin. Bitcoin casinos come with their own features and it is necessary to consider them before signing up into one of the platforms. Let’s take a look at the benefits and challenges of online bitcoin gambling sites and how this technology can be profitable for you. The Advantages of Bitcoin Casinos. Bitcoin casinos have grown leaps and bounds. One Bitcoin in February 2011 was valued at $1. Ten years later, it is a staggering $ 28,231.76 (as of 30 January 2021) – this after it had reached $41,973 on 8 January 2021. I don’t understand Bitcoin. It doesn’t exist, yet it’s worth thousands. I like the idea of a worldwide currency though. Don’t get me wrong. I just find it hard to get my head around that people own technically nothing, and this nothing is worth $30,000 a coin. Maybe I’m getting old. There are plenty of reasons why Bitcoin is considered a natural match for online gambling. The cryptocurrency has many advantages that work in favor of both the players and the operators. Some of the benefits are available only if you sign up for a platform that only works with crypto, so have that in mind.
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