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[AudraMiller]

On every single cryptocurrency site he will find at least one tab that is able to play a dice game where you can gamble your cryptocurrency. There are many people that are getting involved with and cryptocurrency for example teenagers are starting to invest. Therefore do you think that the presence of Gambling on this cryptocurrency sites cuz I actually inside a gambling thought into these children as well which could result in potentially having gambling problems at a later point in their life? Therefore do you think that all of these cryptocurrency sites should actually have any restriction prior to anyone been able to register for them.

 

[Riberet19]

I think that most of the betting sites that use cryptocurrencies are hardly regulated and it is dangerous to operate there, since apart from cryptocurrencies they are not regulated either and it can become a fraud at any time, there is also the possibility that because of a cryptocurrency ban in a certain country you cannot access the website as it has happened to some users that I read that due to the policies of their country they could not access their accounts of some of these crypto betting platforms.

 

[gammarays]

An addicted customer can never stop gambling because they will always have a hope to recover their losses and that may always end to spend more. And also gambling sites always find ways and means to encourage their attracted customers .

Yes and one thing that has been used to hold gamblers down is the low cost of gambling. Since it's very cheap to play that anyone can afford it, it'll be difficult to give up. However, all these small monies can be big when added for a long period of time.

 

[Franca01]

Actually some become fraud if someone win an amount which they cannot afford to pay the person. we need to make a good research concerning many of the betting sites if you equally want to involve into betting.

 

[gammarays]

Actually some become fraud if someone win an amount which they cannot afford to pay the person. we need to make a good research concerning many of the betting sites if you equally want to involve into betting.

Hahaha, I know this occurred some years back. A customer won a huge amount of money but the bet shop shut down and the owner ran away with the money. For online bookies, it's good to check real reviews to know who they are.

 

[Franca01]

Hahaha, I know this occurred some years back. A customer won a huge amount of money but the bet shop shut down and the owner ran away with the money. For online bookies, it's good to check real reviews to know who they are.

Yh, it is always neccessary for you how legit the site is before involving yourself to bet there. I think it can also be good if you take a popular site which is know and always been used by large number of people who are into betting.

 

[a_jerobon]

Cryptocurrency is your money in just another form. Losing it is commensurate to losing your money. So the risk is still there and so you should bet responsibly even when doing it with crypto.

 

[Franca01]

I think most crypto exchange sites starting introducing betting games which will actually let them to make money. These days, i think everydody always need a shortcut to earn money which always lead many to do betting. betting is always lucky some are always gaining and others too are always loosing.

 

[gammarays]

Yh, it is always neccessary for you how legit the site is before involving yourself to bet there. I think it can also be good if you take a popular site which is know and always been used by large number of people who are into betting.

Yes that's why people prefer these popular bookmakers because they're reliable. Bet shops are also popular everywhere so people can walk in and place their bets. They will collect their winnings easily.

 

[Mar20]

Cryptocurrency gambling, like any form of gambling, carries a level of risk. While cryptocurrency may provide some level of anonymity and security, it does not guarantee a win or protect against losses. It is important to approach cryptocurrency gambling, or any form of gambling, responsibly and with a clear understanding of the risks involved.
Additionally, it's important to remember that the value of cryptocurrencies can be highly volatile, and this can further increase the level of risk associated with using them for gambling.
In general, gambling should only be done with money that one can afford to lose, and any decision to participate in cryptocurrency gambling or any other form of gambling should be made after careful consideration and a thorough understanding of the potential risks and rewards.

 

[gammarays]

Another issue with gambling with crypto is that your winning is subject to the volatility of crypto. Let's say you placed a bet using a token Maybe to win a small percentage. You might get a lower return if the token dumps within that period and vice versa.

 

[Bango]

yes i liked that you use "dangerous" word. yes it's not good thing special when you are gambling with cryptocurrency because sometimes their price grow to the moon and you wish hold them. it's better before any action, take time and see your tomorrow. it's best way to deal with it. my personal comment is no not worth it. just hold your cryptocurrency

 

[Kennysplash]

Well there is actually no difference between normal gambling and cryptocurrency gambling. You stand the chance of winning and losing all the same. So they all carry the same risks and if you are lucky to win the same benefits as well.

 

[Gamer01]

Yes it is just as dangerous as drugs because it releases the same chemicals that are released by our brain when we are exposed to drugs so you can say that this addiction is even worst then drugs and can slowly even force you to take unwanted steps actually .

 

[Wisdom01]

I think it's going to be a double risks something when you are gambing with cryptocurrency , because since cryptocurrency volatility is high and you are also gambing ,it's an addictional risks something base on my observation

 

[Gamer01]

That's right the value of crypto can usually fall at any time and so if you loose some money in such activity then it definitely becomes a double loss option for you so you should take a notice of these things actually indeed .

 

[Riberet19]

That's right the value of crypto can usually fall at any time and so if you loose some money in such activity then it definitely becomes a double loss option for you so you should take a notice of these things actually indeed .

This is true, since cryptography is already an investment in itself, if we also count that you use them to bet the risk is double, I do not think it is a good idea to spend too much money to bet with cryptocurrencies, since the losses can be significant, I think it is better to bet with fiat money since there is less implicit risk, also many of these bookmakers or cryptographic casinos are not even well regulated, I am not saying all, but some are.

 

[Wisdom01]

That's right the value of crypto can usually fall at any time and so if you loose some money in such activity then it definitely becomes a double loss option for you so you should take a notice of these things actually indeed .

The volatility of cryptocurrency is really something to bother about , it's the reason some investors are really weary of how they invest and others ,they really don't want to end up in huge loss that would cost them

 

[Gamer01]

Yes they make sure that they always can make use of stablecoins in that way the use of the coins in transferring receiving and also sending is just a fixed fees and you always get a guaranteed rate which is far better than crypto breaking down actually ..

 

[Wisdom01]

Yes they make sure that they always can make use of stablecoins in that way the use of the coins in transferring receiving and also sending is just a fixed fees and you always get a guaranteed rate which is far better than crypto breaking down actually ..

Although there are some people that just love using cryptocurrency if not they would have used stable coin , they just love using it for any transactions they are making online ,but the stable coin would have been really effective

 

[Riberet19]

Although there are some people that just love using cryptocurrency if not they would have used stable coin , they just love using it for any transactions they are making online ,but the stable coin would have been really effective

I agree with you, so you could remove the volatility effect of cryptocurrencies and you would not run as many risks as if you used other types of cryptos such as Bitcoin, for example, or others that are even more volatile. I think, for example, that USDT would be a good option, besides that many Casinos or bookmakers allow you to make really small deposits when it comes to cryptocurrencies, which makes it easier to enter said site.