Is anyone marketing bitcoin gambling sites?

[big fish]

I'd like to know how many people are marketing bitcoin casinos and which programs are your best performers if you are? Thanks!

 

[KasinoKing]

Bitcoin specific casinos?
None.

KK

 

[TheGooner]

None.

Bitcoin holders are "HODL"ers not spenders of tokens.
And frankly HODLing bitcoin is a better gamble than playing at the casino.

 

[big fish]

I am surprised that more affiliates are not marketing bitcoin casinos. Earlier this year I purchased Bitcoin.Casino and there seems to be a lot of competition from other bitcoin gambling sites so somebody out there is certainly building bitcoin casino guides. Either its a select group of affiliates running a lot of sites or people are being pretty hush about it. I think that we will see more people playing at online casinos making deposits with bitcoin in the future.

 

[Webzcas]

Certainly slowly becoming more popular, this article on Nasdaq.com which I became aware of from it linking to my site discusses esports and the crypto currency.

http://www.nasdaq.com/article/this-...disrupt-the-esport-gambling-industry-cm862218

 

[TheGooner]

I am surprised that more affiliates are not marketing bitcoin casinos.

Do you hold bitcoin? Would you really trade it for chips at a casino?

The issue is that Bitcoin is a better "bet" simply bought and held.
From $700 last November to $7000 today. A 10x increase and far more likely than a casino win.

I think that we will see more crypto payments in future - but it's unlikely to be bitcoin itself. Perhaps Litecoin, Dash, Monero, even Bitcoin Cash ... or something new.

I note that the link WEBZCAS gave us talks about UnikoinGold(UKG) as a special token create for e-sports gaming.

 

[NDG]

We market some of the bitcoin-only casinos, and we've found that bitcoin players
tend to make more deposits than players using traditional currencies, because it
is so easy to deposit and withdraw, and some of the bitcoin-only casinos offer
instant withdrawals for players that have already made a successful withdrawal.

 

[RyanWeb]

I market BettingPartners and Deckmedia casinos via bitcoinonlinecasinos.net

It gets a fair amount of traffic. I also play in BTC when I play, as cashouts are within hours not days or weeks.

 

[GerryPolt]

I send a few BTC only players to a couple crypto only gamblings sites. But conversions from sign up to depositor and player value currently seems lower than normal rooms. I don't know if this is because its still new and people are just investigating or what.

I think thegooner could be onto something about currently bitcoin is to valuable to spend and the better gambling is holding onto bitcoin. This could possible leave a gap for some smaller coin to work for example ripple, dash or litecoin to become more popular.

I will still market to bitcoin, ethereum and lite coin players, but don't spend to much time or money currently as value doesn't seem high enough at the minute.

 

[RyanWeb]

Well when I gamble with Bitcoin, my thoughts are, to try and increase my bitcoin supply.

Maybe I am more risk tolerant, but isn't that the goal of gambling with fiat money as well?

I will also admit that I don't gamble a lot, maybe just trying to turn .01 btc into .02 ... For real gains I just hold

 

[LandofOz]

The funny thing that I've noticed, and it may be just a strange coincidence, but when the price of Bitcoin shoots up, gambling activity on BTC casinos seems to drop...

 

[RyanWeb]

That makes sense to me... If your holdings are increasing by the day, you likely don't want to move into fiat, as most casinos here convert your btc into fiat for gameplay.

John Mcafee calculates bitcoin will be over 1mill per coin by 2020. At the rate its currently going, I believe he might be onto something. Check out his twitter, I can't tell if he's crazy or what.. its actually also very entertaining: @officialmcafee

 

[abc]

Another problem is its not so easy to buy bitcoin. A new gambler would be confused, there really is no where on the web to buy bitcoin with a credit card from the usa, and even coinbase who allows it, has a $150 max for the first few weeks, once you account is aged it jumps a little but their weekly limits are low.

The limits are much higher with bank wire, but when someone wants to gamble they dont want to wait 5 days to get their hands on bitcoin

 

[RyanWeb]

Another problem is its not so easy to buy bitcoin. A new gambler would be confused, there really is no where on the web to buy bitcoin with a credit card from the usa, and even coinbase who allows it, has a $150 max for the first few weeks, once you account is aged it jumps a little but their weekly limits are low.

The limits are much higher with bank wire, but when someone wants to gamble they dont want to wait 5 days to get their hands on bitcoin

This is true, the initial buy seems to be more of a psychological hurdle that a lot of people have a hard time overcoming. But, there are a lot of people starting to jump in. I think your biggest gamblers might be early holders who can spare to burn a little off the top of their profits. For new people getting into btc it almost feels like a gamble all in itself.

 

[CL-Ed]

John McAfee is madder than a cut snake so I would take anything he says with a hefty grain of salt.

Credit cards are subject to fraud and chargebacks. Bitcoin sales can't be reversed. That is why there are limits on credit card purchases of Bitcoin and why the exchanges prefer bank accounts.