Bitcoin gambling, yay or nay?

I was lucky enough to recognize the potential of cryptocurrencies before they were a thing and have done well with Bitcoin. However, the recent fluctuations have somewhat shaken my belief in the sustainability of these investments. Although I’m confident they’ll be around for a while longer, I’m thinking it’s smart to diversify my investment portfolio.

Since I’m a gambler by nature and am no stranger to taking (calculated) risks, I find myself increasingly drawn to the prospect of Bitcoin casinos. When I think about gambling at these venues, I’m only referring to skill-based games where the end result depends on my ability to outplay opponents, and not the traditional luck-based games like slots.

At the same time, I’m also not experienced enough when it comes to the credibility of such venues. Hence, I’m writing this post to ask y’all about the legitimacy of gambling in Bitcoin-only venues. Does anyone have any experience with it? From everything I’ve read, this seems like a trustworthy way to increase one’s bankroll, but simultaneously, since cryptocurrency gambling features increased anonymity, I worry about the potential downsides.

I’ve read about these venues from multiple online sources (example: [Spam link redacted] ). But, I’m still apprehensive and reluctant to go into it head on. I’m asking for advice. Has anyone here had experience with Bitcoin casinos? If so, could you please share some insight into whether it’s safe, and possibly let me know which casinos you prefer from firsthand experience? Looking forward to hearing from you. Thanks!

I feel the same way. But i started late. I think coinex may have the lowest fees. I also have coinbase pro. Regular Coinbase fees are too high. It took a while to figure out how to move the coins to coinex. Also have to make sure you are sending matching coins to coinex. Or you lose it all. I tested with small deposits to practice.

Quote: stonethehustler

I was lucky enough to recognize the potential of cryptocurrencies before they were a thing and have done well with Bitcoin. However, the recent fluctuations have somewhat shaken my belief in the sustainability of these investments. Although I’m confident they’ll be around for a while longer, I’m thinking it’s smart to diversify my investment portfolio.<snip>link to original post

stonethehustler,

If you deposit Bitcoin and get paid in Bitcoin, how are you diversifying?

Dog Hand

I could buy-in for 0.002 bitcoin and win all the way up to 1.000 bitcoin. I couldn't care how much that's worth until I cash out for tax time.

Quote: ChumpChange

I could buy-in for 0.002 bitcoin and win all the way up to 1.000 bitcoin. I couldn't care how much that's worth until I cash out for tax time.
link to original post

Borrow against it and have no income.

Quote: stonethehustler

I was lucky enough to recognize the potential of cryptocurrencies before they were a thing and have done well with Bitcoin. However, the recent fluctuations have somewhat shaken my belief in the sustainability of these investments. Although I’m confident they’ll be around for a while longer, I’m thinking it’s smart to diversify my investment portfolio.

Since I’m a gambler by nature and am no stranger to taking (calculated) risks, I find myself increasingly drawn to the prospect of Bitcoin casinos. When I think about gambling at these venues, I’m only referring to skill-based games where the end result depends on my ability to outplay opponents, and not the traditional luck-based games like slots.

At the same time, I’m also not experienced enough when it comes to the credibility of such venues. Hence, I’m writing this post to ask y’all about the legitimacy of gambling in Bitcoin-only venues. Does anyone have any experience with it? From everything I’ve read, this seems like a trustworthy way to increase one’s bankroll, but simultaneously, since cryptocurrency gambling features increased anonymity, I worry about the potential downsides.

I’ve read about these venues from multiple online sources (example: [Spam link redacted] ). But, I’m still apprehensive and reluctant to go into it head on. I’m asking for advice. Has anyone here had experience with Bitcoin casinos? If so, could you please share some insight into whether it’s safe, and possibly let me know which casinos you prefer from firsthand experience? Looking forward to hearing from you. Thanks!
link to original post

This post reads like it was contrived for the sole purpose of touting that affiliate site, especially all the mumbo jumbo about "diversifying your investment portfolio/ this seems like a trustworthy way to increase one’s bankroll". I noticed some of the places they are touting have a bad reputation. I have yet to find a casino on that site that you actually play in BTC(most offshore places take BTC), and I dont see any skill game casinos on there. If you are going to play at an offshore online casino, I highly suggest people stick with Bovada and use a link from LCB or WOO/WOV. If someome is actually interested in any personal experience with some online casino other than Bovada, I'll be happy to answer via PM and give you a list and a link to LCB where I suggest you sign up from. They have in fact helped resolve some problems I had with online casinos.

Quote: AxelWolf

This post reads like it was contrived for the sole purpose of touting that affiliate site, especially all the mumbo jumbo about "diversifying your investment portfolio/ this seems like a trustworthy way to increase one’s bankroll".link to original post

I tend to agree. I've redacted the link, and for now, no further action.

ohh nice