..

Forbes: Bitcoin is Bigger Than Ever

Written by:
Guest
Published on:
May/26/2017

Ryan Whitwam, writing for Forbes.com, says the anonymous cyber currency Bitcoin popular with online gamblers is bigger than ever and the ramifications are as well.

BetOnline

What is bitcoin?

Bitcoin is what's known as a cryptocurrency, a digital asset that exists only as data. You probably have money in the bank that is digital, but those digits equal physical currency. Not so with Bitcoin. Bitcoin also has no centralized regulation nor innate legal framework. As such, the value of Bitcoin is dictated entirely by the market, and the market is hot right now.

And that hot market is making people rich.

If you'd bought $1,000 of Bitcoin in 2010, you'd be worth $35 million right now, Whitwam points out. 

That being said, Bitcoin is also highly volatile.

Imagine being paid in Bitcoin, and then finding your money was only worth half as much a few days later. Economies with that kind of inflation are not stable, but Bitcoin has the advantage of operating alongside regular government-backed money. Almost no one has all their assets in Bitcoin.

The good news, Whitwam says: “Bitcoin isn’t going anywhere”.

Business/Financial News

How Safe is it to Deposit and Bet with Crypto, Bitcoin? And What Kind of Technology is It Using?

How Safe is it to Deposit and Bet with Crypto, Bitcoin? And What Kind of Technology is It Using?

For the past few years, the use of Bitcoin and other cryptocurrencies in the gambling industry has increased significantly. What started with a few cryptocurrency-only gambling sites has now ballooned into a sweeping revolution of the gambling space where traditional online betting platforms have started to offer and support cryptocurrency payment options together with fiat deposit and withdrawal methods. 

Bitcoin Price Climbs Over $19K, Approaches All Time High

Bitcoin Price Climbs Over $19K, Approaches All Time High

The Bitcoin surge continues as the cryptocurrency surpassed the $19,000 mark Tuesday morning.

How Do Bookies Get Business?

How Do Bookies Get Business?

Bookies get business a number of ways.  Below, Gambling911.com examines just a few courtesy of our friends at PricePerPlayer.

Price of Bitcoin Climbs Over 17K

Price of Bitcoin Climbs Over 17K

Bitcoin continues its momentous run with the cryptocurrency moving over $17000 for the first time in almost three years.  Bitcoin is the most utilized transaction method for online gambling in designated "restrictive" markets, which encompass more than half the globe.

Bitcoin Goes Over $16K: Up 120% YTD

Bitcoin Goes Over $16K: Up 120% YTD

Bitcoin has surged past $16,000 for the first time since January 2018 and is up over 120% YTD! 

Syndicate