Yes, Bitcoin casinos are real. With the rising popularity of Bitcoin, its adoption is expanding among online casinos. Let’s check some data on Bitcoin’s popularity and its increasing use in Bitcoin casinos (before discussing more).
Bitcoin’s Increasing Popularity and Future Growth Prospects
Bitcoin is the first conceptualized digital currency that works on blockchain technology. It is completely decentralized and draws value from its scarcity (as the maximum Bitcoins that can be in circulation is 21-million) and real-life use. It helps in making the payment process faster, cost-effective, and more secure.
- As there are no intermediaries involved, Bitcoin doesn’t charge any transaction fee. This makes it more affordable for businesses in making payments, especially in the case of international payments. The traditional modes of bank payment transfer (especially cross-border ones) usually attract huge transaction fees.
- Usual modes of transaction and payments take many days to complete. However, Bitcoin takes just a few minutes to complete the transaction.
- There is less risk of fraud when it comes to digital assets such as Bitcoin. As no central authority is involved and Bitcoins don’t have any physical appearance, no fraud issues are involved. The fear of double payments with the same Bitcoin is there. However, this is erased out at the time of the transaction verification by the Bitcoin miners during block formation.
Bitcoin’s popularity as an international, digital currency is increasing at a faster momentum. Its price more than doubled in less than a month recently. On December 11, 2020, the BTC price was US$17,586. In less than a month, it more than doubled to US$41,950.
At press time (10:30 am, Tuesday, UTC), Bitcoin price against the US Dollar (BTC/USD) was trading at US$35,051.31. Its price has increased from US$9,545.08 in January 2020 to an all-time high at US$28,768.84 in December 2020. This means the BTC/USD pair has provided the ‘hodlers’ with a return of more than 200% return in 2020 alone. If we consider the last 4-years’ ROI, we’ll find a return of around 3,022% (an increase from US$921.35 in January 2017 to US$28,768.84 in December 2020).
Many analysts including the strategists at JPMorgan feel that Bitcoin will evolve as a compelling alternative to gold. In fact, the trend has only started as more and more institutional investors understand the true value of Bitcoin. Institutional investors have started to include Bitcoin in their portfolio after realizing its potential to beat inflation and the potential store value.
Square, Grayscale, MicroStrategy, MassMutual, and many more big players have invested heavily in Bitcoin. Reports say that pension funds and life insurance companies are going to invest around US$600-billion in the crypto market, especially Bitcoin, in the recent future.
While JPMorgan analysts believe that Bitcoin will become US$146,000 in future years, Guggenheim Investments believes the worth of BTC will be US$400,000. Founder of FiCAS AG Ali Mizani believes that the BTC/USD price will be US$200,000-300,000 by the end of 2021. His prediction is especially very important because he had correctly predicted previous bull runs in 2016, 2017, and 2020. A renowned statistician Willy Woo has also made a similar prediction from his economic models.
Bitcoin Casinos are a Reality!
A new economy has started to flourish with the rising popularity of Bitcoin as an international digital currency. This is growing in parallel to the existing traditional currency-based economy. As Bitcoin and other cryptocurrencies gain popularity, they are being increasingly used in gaming, lotteries, and gambling. This industry is sometimes loosely called Bitcoin Casinos.
Bitcoin’s benefits (including faster, cost-effective, and more secure) have made it a preferred choice for a few online casinos to transact in bitcoins only. The other online casinos have started to offer bitcoin as a preferred currency of transaction in addition to traditional currencies such as the US Dollar, Euro, etc.
The number of such online casinos that offer gambling and money-based games in bitcoin currency is increasing. In fact, these Bitcoin casinos operate all over the world. With the help of Bitcoin transactions, these online casinos and gambling hotspots offer their customers a wide array of options to bet their Bitcoin money on many games. Bitcoin casinos help you to bet in traditional casino games, online lotteries, sports-based betting, gambling games, and spread betting.
These types of online casinos using Bitcoin as a means of transaction are currently illegal in the US. However, they are gaining popularity because popular due to the anonymity aspect. In addition, the Bitcoin casinos offer a huge variety of games with no transaction fees and unlimited free daily transactions.
Many believe that Bitcoin casinos have a huge impact on the Bitcoin market. However, no such data is yet available. They still delve into an ethical gray area.
What are the Popular Bitcoin Casinos?
The most popular Bitcoin casinos globally are:
How do Bitcoin Casinos Operate?
Bitcoin casinos are online gambling or gaming platforms that run on advanced software. The most popular ones have large user bases that have their own sophisticated software, usually developed in-house. There are many smaller Bitcoin casinos also. These businesses either purchase sophisticated gambling software or rent them. They generally get the software customized by adding some unique features to the game.
This advanced software is self-sufficient. They need minimum human intervention. When games need human players to play, the software becomes the table dealer and conducts the game.
The Bitcoin casinos establish trust among their users by disclosing the functionality of their software algorithm. In most of the cases, it has been seen that these Bitcoin casinos become popular through peer to peer reference.
Available data shows that the most popular game in these bitcoin casinos is Poker. However, other interesting games, variations of popular games, lotteries, and many more gambling games are also available in these BTC specific casinos.
Do Bitcoin Casinos have an Impact on Bitcoin Transactions?
Yes, Bitcoin Casinos have a significant impact on the total global transactions of Bitcoins (BTC). Though there is no exhaustive information available, limited available information shows that the launch of the gaming site SatoshiDice.com in April 2012 led to a 5-fold increase in the total number of daily bitcoin transactions. Since 2012, Bitcoin casinos have continued gaining popularity and the momentum is only increasing, which has, in turn, further fuelled the usage of bitcoins.
Are the Bitcoin Casinos under Scanner?
All traditional online casinos are regulated by defined rules and regulations. As these online gambling sites use traditional currencies, the individual players, casino operators, and dealers can be tracked and identified. However, this is not the case with bitcoin casinos.
Audit and verification are a problem in the case of Bitcoin transactions because they are completely digital. Many regulators have questioned the fair business practices of these Bitcoin casinos because:
- The anonymity of the players are maintained fully and
- The players are able to pay anonymously with the help of Bitcoin and other digital currencies.
In fact, most of these Bitcoin casinos don’t require their customers to provide substantial details for tracking. There is usually no location check, no age verification, and no other details. The users are simply required to have an email account along with a login-name. That’s it. Nothing more.
In many countries, gambling is not allowed. Bitcoin casinos make it that more difficult to regulate and control globally. If a person plays an online game from his laptop and transacts through Bitcoins from the coziness of his home, is it possible for the regulators to track that easily? No.
Authorities in different countries face these challenges, especially on the operational level. That’s why the parallel economy of Bitcoin is shaping up. That’s why Bitcoin casinos are always looked upon suspiciously by the authorities.
Are there any Legal Challenges for Bitcoin Casinos?
Running Bitcoin casinos in the US is illegal. That’s why all the well-known Bitcoin casinos are incorporated outside of the US. All interested gamblers and online gaming aficionados from all over the globe play and transact on these bitcoin casinos anonymously.
That’s the reason why it has become a bigger challenge for authorities to regularize, control, and legalize the transactions. Their challenges increase manifold when they try to gather data for enforcing rules. This is mainly due to the lack of open information about anonymity-based businesses.
Can you Earn Money Automatically by Investing in Bitcoin?
Yes, you can. You can rely on AI-driven trading bots. Cryptocurrency Trading Robots automatically scan the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review – Simple Way To Increase Your Crypto Returns” before taking the plunge.
Cryptocurrency Trading Bots: Reality Check!
Are there any risks associated with Crypto Trading Bots?
Yes, there are certain risks associated with cryptocurrency trading bots. Let’s check them out:
- Cryptocurrency Trading Bots are not Human
They are AI algorithms, which involve lines of codes and machine learning. After all, it’s a computer program. As an investor, you must be aware of this fact. When you are going for the autopilot, you must know that you are allowing an AI machine learning tool to handle your crypto exchange account. Therefore, you should use automated trading bot accordingly.
- Cryptocurrency Robots is not a “Sell it and Forget It” type of Trading Instrument
Usually, it has been seen that investors tend to put crypto bots on autopilot and forget. They get passive. However, to get the best return, always remain on top of affairs. You must tweak bots as per the market condition, which usually changes multiple times in a day.
- Online Hacking may take place just like any other Online Resource
Online hackers may hack into your account to siphon off your Bitcoin and other cryptocurrencies. So, always try to keep funds divided among various cryptocurrency exchanges for limiting your exposure to hacking risks.
- All Cryptocurrency Robots are not the Same
All crypto bots are not reliable. So, you must be prudent while choosing the right crypto trading platform. Always do proper research while choosing a crypto bot. It is advised to work only with reputed crypto bot providers and exchanges such as NapBots.
Is there any Risk associated with NapBots?
Though NapBots has a proven record of providing great returns to the investors, it doesn’t guarantee profit all the time. It can provide you astonishing returns with hourly strategies. As the crypto market is very volatile, you should expect to see losses from time to time too. If you’re not ready for that, you shouldn’t get into crypto trading in the first place.
If you are a novice in the cryptocurrency market, you can put your cryptocurrency trading on autopilot, get excellent ROI, and keep earning your passive income round the clock, even when you are sleeping. However, always keep in mind that NapBots is not a get-rich-quick scheme. Please check the Reviews on NapBots.
What’s so special about NapBots?
NapBots crypto trading software is special because it comes with:
- A unique trading algorithm that processes market data for you
- A unique crypto trading bot library so that you can create your own mix of trading strategies
- Autopilot mode that enables you to automate trading 24×7
- An easy-to-use interface so that you can copy the proven strategies of NapBots to make successful trades and make money
How to Get Started with NapBots and Make Money?
With NapBots, you can enjoy financial independence by trading cryptocurrencies on autopilot mode and earn money automatically. To make it work on your behalf, you have to do the following:
Step #1: Connect to one of the available trust exchanges.
Step #2: Select from the unique list of performing Bots of NapBots
Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!
Why Choose NapBots ?
NapBots offers complete trading automation solutions through the use of its own tested trading strategies; offering quantitative trading strategies previously reserved for hedge funds to the public.
The setup and installation process are easy. So, the non-experts can also use it. The simple and special approach of NapBots helps it provide you with excellent ROI. To know more, please check “Napbots Review – Simple Way To Increase Your Crypto Returns”.
The team of professionals behind NapBots has extensive experience in the financial market. They have put their years of experience in place so that you can easily automate the management of your funds with no technical skills. This service can run 24/7 and work as your passive source of revenue even when you sleep.
Our pricing is simple and there are no setup fees. 7 days free trial is also available.
Are You Ready To Start Automating Your Passive Income Now?