Transcript
Page 1: Common Questions About Bitcoin Gambling Now Answered

Common Questions About Bitcoin

Gambling Now Answered

Bitcoingg.com

Page 2: Common Questions About Bitcoin Gambling Now Answered

Online gambling has been on the Internet for years now. This Internet-based department has granted

millions of gambling aficionados with unsurmountable possibilities to fulfill their gambling pleasures.

Needless to say that online gambling is one of the most successful branches that thrived within the

constant progress of technology.

Given that online gambling is a successful form of entertainment, society cannot take away the fact that

gambling per se is still taboo among other parts of the world. Therefore, even if this niche operates on a

decentralized network, countries that view gambling as illegal still have the power and authority to seize

its operations and sanction those involved.

This detrimental factor signaled online gambling’s slow progress even in today’s century. As such,

numerous gambling aficionados are given the feeling that they are stripped of their privilege because of

this limitation.

After years of restraint, the online gambling industry started to boom again right after Bitcoin was

introduced to the iGaming sector. Of course, because of this surprising comeback, several Internet users

are now more curious about Bitcoin.

‘What is Bitcoin?’

For sure, this is always the initial question when speaking of Bitcoin gambling. For starters, Bitcoin is

categorized as a cryptocurrency or digital money that is created for the sole purpose of establishing a

decentralized transaction network wherein users are given full power and control over their currency.

In addition, Bitcoin is acknowledge on every part of the world and can be transferred and exchanged

overseas with minimal to no transfer fees at all.

That being said, Bitcoin in itself has the capabilities of overhauling the current transaction landscape for

the better.

Basing on these characteristics, it is obvious that Bitcoin certainly holds a great chance of surpassing

today’s traditional currency. This fact alone makes this cryptocurrency such a hit on the iGaming market.

Page 3: Common Questions About Bitcoin Gambling Now Answered

‘In online casinos, why do gamblers prefer Bitcoin over the conventional currency?’

The reason why online casinos cannot achieve greater heights is because of the currencies that are used

for gambling. As mentioned earlier, online gambling is still not accepted on most parts of the globe.

Since real money reports to the government, authorities have the right to control its transaction flow.

Unlike real-money currencies, Bitcoin reports to no one as it is functioning on a decentralized network.

No one literally owns Bitcoin hence, no one has the right to control its transaction flow. Likewise, Bitcoin

can be easily used on any functions, and these functions are similar to that of fiat currencies’ purposes.

‘If both are of the same purposes, then what are the specific reasons that make Bitcoin greater than traditional money?’

Although Bitcoin functions the same as to today’s traditional currencies, it still has features and

functions that made it immediately appeal to users, especially to online gamblers:

Because of the prevalent issues and conspiracies arising with financial accounts, Bitcoin’s creator Satoshi

Nakamoto has equipped this cryptocurrency to what is believed to be its greatest asset—its ability to

conduct anonymous transactions. Compared to real money that requires undergoing rigorous

confirmations and registrations, Bitcoin can be spent, sent, and used instantaneously with just a click of

a button.

Given Bitcoin can be used for gambling, players are now able to gamble without the need to fear about

their identities’ security and other unfortunate occurrences that may happen in online gambling.

On another note, before Bitcoin made its way into the iGaming market, online casinos are notorious for

manipulating game results for the benefit of the casinos’ operators. This is another detrimental factor

the restrained the online gambling industry to further propagate.

However, Bitcoin strips off this fear by introducing the revolutionary provably fair feature. Unlike fiat-

running online casinos, Bitcoin casino games are equipped with the provably fair function, which allows

gamblers to review every game result for its authenticity and legitimacy. Since then, online gamblers

started moving on Bitcoin-powered platforms because of this feature.

Page 4: Common Questions About Bitcoin Gambling Now Answered

‘What are the special offers in the Bitcoin gambling industry?’

Even from a simpler perspective, the Bitcoin gambling industry is still a gargantuan sector that houses a

variety of gambling games that are sometime obscure from a layman’s perspective.

The common misconception about Bitcoin gambling is that it is only limited to casino games like slot

machines and card games that are familiar to the mainstream market.

However, the Bitcoin gambling niche is more than slot machines. Due to Bitcoin’s ever growing

development, it opened more doors for gambling categories to join the revolution.

Here are some of the interesting departments that the Bitcoin gambling industry houses:

1. Bitcoin poker

Although this can sometimes be categorized as under Bitcoin casinos, Bitcoin poker has its own

department in the Bitcoin gambling industry. This is because of its widespread popularity among card

enthusiasts. Now powered by Bitcoin, Bitcoin poker offers more extensive sets of poker game variations

that come with lucrative jackpots as well.

2. Bitcoin dice and wheel of fortune

These two games seem to not make it into the iGaming market because of its atypical game setup that

requires physical objects (i.e dice and wheel). However, because of its popularity both games make it

through the online gambling industry with the help of Bitcoin. In fact, the very first Bitcoin gambling

game to be introduced is Bitcoin dice. Therefore, this game functions as a vital stepping stone for the

Bitcoin gambling industry.

3. Bitcoin predictions and investment games

Bitcoin predictions and investment games are among the latest additions to the Bitcoin gambling

industry. Bitcoin predictions like Bitcoin sports and race betting base its wins on real-time events like

basketball and horse races. In addition, Bitcoin prediction hosts wagers for current events like politics.

On the other hand, Bitcoin investment games functions the same way as to the prediction market.

However, it focuses on real-world finance. Aspiring Wall Street virtuous and seasoned investors can

certainly enjoy Bitcoin binary options as it accepts wagers for the currency inflation rate and commodity

rate of the mainstream market.

Page 5: Common Questions About Bitcoin Gambling Now Answered

‘Is Bitcoin gambling worth the try?’

Considering its amplified features like security, fairness, and variety of categories, the Bitcoin gambling

industry is worth the try. Not only you are guaranteed of enjoyment and satisfaction, you will also be

able to discover new things and experiences that money or Bitcoin cannot buy.

Sources / References:

Bitcoin Gambling – http://www.bitcoingg.com/

Bitcoin Forex – http://www.bitcoingg.com/forex/

Bitcoin Binary Options – http://www.bitcoingg.com/bitcoin-gambling/binary-options/


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