Bitcoin Mounts a Bit of a Comeback

Written by:
Aaron Goldstein
Published on:
Nov/25/2018

Following two weeks of pure Hell in the world of Bitcoin, it was nice to see late Sunday's upward mobility.


Start Your Own Online Sportsbook at PricePerPlayer for as Little as $5 Per Player Per Week

Since crashing below the $6000 mark two weeks ago, investors and those online gamblers caught transferring funds the past 14 days could only find comfort in the price stabilizing after each sudden drop.

By Sunday evening, the price had actually managed to rise around $700 from the previous early morning low of $3456, actually climbing back above the $4000 mark just prior to 5 pm EST.

Upwards of 70% of all online gambling transactions are now conducted through Bitcoin.  Gamblers, while now able to receive payouts in just a few hours, are left at the mercy of trading activity.  During times of extreme fluctuations, hours do matter.

"It's like having to pay a 6% to 7% fee," one online gambler relayed to Gambling911.com.

Bitcoin has mostly been stable throughout the summer months, hanging around the $6000 to $7000 mark.  Movements in price had little if any impact on the gambling public.

By 5:25 pm EST the price of Bitcoin was sitting right around the $4050 mark, still not quite Saturday's high but on the right trajectory.

Bitcoin is in high demand within the online gambling, marijuana and other so-called "grey market" industries that cannot attact traditional banking services.  As such, many experts see this current period as a "buyers" market, downplaying the doom and gloom from the naysayers. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

What is a Distributor in the Bookmaking Business?

What is a Distributor in the Bookmaking Business?

When it comes to a Pay Per Head, you may come across the terms "agent" and "distributor". 

$5 Flat Fee Pay Per Head Service

$5 Flat Fee Pay Per Head Service

PricePerPlayer.com is advertising a low $5 fee for its Pay Per Head service.

Coinbase Takes in Staggering $520 Mil

Coinbase Takes in Staggering $520 Mil

LONDON (Reuters) - Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they’re steering clear of the volatile currencies themselves.

Google Lets Android Users in Europe Choose Rival Browsers, Search Engines

Google Lets Android Users in Europe Choose Rival Browsers, Search Engines

Users of Android devices in Europe will be able to choose rival browsers and search engines from five options starting on Thursday, a senior Google executive said, as the company tries to quell EU antitrust concerns and stave off fresh penalties.

White Label Sportsbook Software Toronto

White label sportsbook software is available throughout the Toronto metropolitan area.

Syndicate