HOW BITCOIN INFLUENCES THE ONLINE GAMBLING WORLD

More than 10 years have passed since the first cryptocurrency appeared. During this time, many applications and services have been developed within the Bitcoin network. The unique features of this currency are of interest to banking and trade projects as well as the entertainment industry. BTC casino became the first establishment that was interested in the wide possibilities of virtual currency, especially bitcoin transactions.

In January 2021, Bitcoin has risen in price to $30,000. On February 15, 2021, its value was $50,000, and by the end of February, it reached $58,000. By today, it remains at this level with slight fluctuations. Even exchange rate fluctuations do not interfere with the crypto integration process into the gambling sphere.

There are many positive aspects of using bitcoin. It is anonymous and independent of the inflation process, which makes it ideal for implementation in online entertainment. The most innovative and daring clubs have already converted their online casinos to this virtual currency.

How exactly does Bitcoin affect the gamer? One of the decisive benefits of a bitcoin for the casino member is the ability to skip providing information that the player does not want to share, including name, country of residence, and bank card number.

The game for virtual money is popular due to the peculiarities of blockchain technology, which serves as the basis for cryptocurrencies. Since BTC is not managed by a single central bank, it is impossible to track payment transactions, which is a powerful argument for future players and, therefore, a competitive advantage over other online casinos.

The unique properties of bitcoin guarantee safety for players. Casinos working with this currency are protected from fraudsters. Accordingly, the situation when a user’s account is blocked due to dishonest visitors playing nearby is excluded, which guarantees that the player can withdraw money at any time.

When playing in a crypto casino, the player is endowed with super protection since the IP is not determined. This factor makes it possible to play in any country and withdraw money from your account, even where gambling is prohibited by law.

The technical features of transaction processing in the BTC network make money transfers very fast. The transfer of player funds from one account to another occurs instantly. Except for high network congestion, this process will take only 5-10 minutes.

Transferring funds using cryptocurrencies is much cheaper. The user indicates the size of the miner commission for each transfer. The costs of commissions of banks and payment systems when transferring traditional fiat money are much higher, which makes cryptocurrency an especially profitable solution for both the casino and the player.

Due to the easy division of bitcoin into small parts (up to a million Satoshi, where 1 Satoshi is equal to 0.000001 BTC), the gambler can play with micro stakes. This aspect makes it possible to win money and also learn how to gamble or just relax, without the risk of losing large sums.

Casinos that work with bitcoin provide their members with all kinds of bonus options: free spins, cashback, percentage bonus on the first deposit, weekend reload bonuses, tournaments, and even VIP programs. For every real bet, your wallet is filled up with comp points.

The popularity of such casinos lies in the provision of a full range of gambling entertainment with elaborated details for the specifics of playing with bitcoin.

Bitcoin technologies are confidently conquering new markets — from traditional finance to the entertainment industry. This cutting-edge technology not only comes into the business, becoming an integral part of it but also provides participants with new opportunities, often changing the very essence of traditional online casinos....

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BITCOIN SURGES AGAIN ABOVE 60K AMID REDUCED SUPPLY

Bitcoin (BTC) has surged again above $60,000 levels as miners are holding newly minted coins. The world’s biggest and best-known cryptocurrency hit $61,235 on Saturday, April 10, its highest in nearly a month.

 It slipped below $60K on Sunday, April 11, but again surged above $60K on Monday, April 12. According to CoinMarketCap, Bitcoin is now steady above $60k levels at $60,344 at the time of writing.

Bitcoin (BTC) is up 116% from the year’s low of $27,734 on January 4. It blew past the $60,000 mark for the first time on March 13, hitting a record $61,243, just after U.S. President Joe Biden signed his $1.9 trillion fiscal stimulus package into law. Then, for nearly a month, it remained locked in the upper $50K range as, according to an expert, investor turned their attention to stock markets and other cryptocurrencies in the past couple of weeks, leaving Bitcoin idling in the upper 50-thousand dollar levels.

This second surge can be attributed to the reduced supply in the market as Bitcoin miners and Hodlers are not selling newly minted coins. Due to this, according to the compiled by CryptoQuant, on-exchange Bitcoin reserves are hitting multi-year lows.

Bitcoin (BTC) enthusiasts expect that this not the end of this 2021 Bitcoin bull run. As early reported, Ecoinmetrics, a Hong Kong-based platform providing data and insights on Bitcoin, had predicted that Bitcoin would soon replace tech-giant Apple the second-largest world asset by market cap sooner than expected, given the price doubling patterns after each reward halving.

As the world’s largest cryptocurrency is achieving new victories, trading activity around Bitcoin is also growing even in economically less-stable regions of the world. According to new data, peer-to-peer bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021.

The Rich Dad Poor Dad author Robert Kiyosaki, who accurately predicted in December last year that the price of the cryptocurrency would reach $50,000 in 2021, is now predicting again that BTC price will surpass $1 million in the next five years.

With this surge above $60K, Bitcoin is now worth more than the three largest payment services PayPal, Mastercard, and Visa in the United States combined. But the main target for Bitcoin in 2021 is to break the $100K mark and the current industry landscape shows that this is coming....

US GOVERNMENT WOULD NOT BAN BITCOIN

It’s been just revealed that Hester Peirce, Commissioner of the US SEC, said that the US government would not ban Bitcoin.

The online publication the Daily Hodl notes that in an interview with MarketWatch, the SEC Commissioner, who is also fondly referred to as crypto mom for her pro-crypto stance, says she doesn’t see the US government making a move to prohibit the use and trading of BTC.

“I think we are past that point very early on because you would have to shut down the internet. As I have said in the past, I don’t see how you could ban it. You can certainly make the effort. The government could say, ‘It’s not allowed here.,” she said.

She continued and said: “But people would still be able to do it. And it would be very hard to stop people from doing it. So I think that it would be a foolish thing for the government to try to do that.”

Peirce added that the US might pay a heavy price if it attempts to ban BTC.

“I think we would be missing out. A bigger problem would be we would be missing out on the innovation around Bitcoin and other digital assets if we decided to try to stop them.”

Bitcoin to replace gold

Bitcoin smashed through the resistance level of $60k, and now, we’re missing Hodlonaut, saying that we’ll never see BTC under $60k again. A lot of investors are expecting to see the king coin smashing through $70k soon.

Not too long ago, it’s been revealed that Mark Cuban said that Bitcoin would beat gold’s supremacy as a store-of-value asset. In a new interview with UpOnly, he said that although he’s never been convinced that Bitcoin could function well as a currency, he believes that BTC will fully replace gold for a wide range of investors....

ETHEREUM VS BITCOIN WHICH IS A BETTER STORE OF VALUE

The crypto market is looking great today with Bitcoin being able to smash through $60k once again. The Bitcoin and crypto market price has surged above $2 trillion and took the market into the spotlight once again.

Both Bitcoin and Ethereum are surging like crazy and today BTC is trading above $60k and ETH is also trading in the green and the digital asset is priced at the moment of writing this article.

There are all kinds of optimistic crypto predictions that are made these days and they are targeting both digital assets.

Bitcoin vs. Ethereum as a store of value

There are all kinds of debates about the battle between Bitcoin and Ethereum. Laura Shin interviewed Mark Cuban on her Podcast ‘Unchained’ about how Ethereum may be a better store of value than Bitcoin and this is what he said.

“I think the applications leveraging smart contracts and extensions on Ethereum will dwarf bitcoin. Bitcoin, right now, has evolved to be primarily a store of value, and it’s very difficult to use it for anything else. You really have to work a lot harder on bitcoin than you do on Ethereum.”

Cuban also explained that he expects Ethereum’s long-awaited 2.0 upgrade will spark the development of apps that “dwarf” BTC.

It’s important to note the fact that this prediction is coming from a man who once said he’d “rather have bananas than bitcoin,” and claiming that crypto is “too complicated” shouldn’t be ignored.

Stay tuned for more news and make sure to keep your eyes peeled on the crypto market to see more bullish news these days.

Earlier, we also revealed that the billionaire investor and Shark Tank veteran Mark Cuban said that Bitcoin will beat gold’s supremacy as a store-of-value asset. He believes that BTC will fully replace gold for a wide range of investors....

LITECOIN APPEARS ‘SET FOR AN EXPLOSIVE BREAKOUT’ AGAINST ETHEREUM

Recently, crypto trader and influencer Nicholas Merten explained through technical analysis why he believes that Litecoin ($LTC) seems set to hugely outperform Ethereum ($ETH).

His comments came in a video (titled “Is Litecoin Set For An Explosive Breakout? | Here’s What You Need To Know”) released on April 6 on his “DataDash” YouTube channel.

Merten told the 425K subscribers of his YouTube channel that he had devoted a significant portion of his portfolio to LTC since he expects it to start a sudden rise against ETH. 

He said:

“At this range here, Litecoin historically did a 5x against Ethereum… That’s massive. And these are the types of ratios you guys should be looking for because this is how you actually return multiples upon multiples of what the market is generally getting.

“This is the ultimate alpha here, if you really want to put it that way. There are not many greater opportunities than being able to find these kind of large cap plays that are already well established, that still have a chance to do crazy multiples against another play like Ethereum that’s already doing phenomenally well and leading most cryptocurrencies.“

Merten recommended traders to focus on Litecoin’s technicals versus Bitcoin and Ethereum, as opposed to its price in U.S. dollars:

“I don’t really think it’s a matter of watching the US dollar value chart. The biggest thing here we want to watch is the ratios. The ratios now are cheap. I’m not saying they’re going to go all the way up here and do a 5x against Ethereum. I think Ethereum’s got a lot of momentum now with decentralized finance (DeFi)… but I will say generally speaking whether… it’s a 100% return (2x), 200, 300, 400% return – whatever it is, this is a really favorable setup in my mind for the technicals…

“This isn’t a fundamental argument. I’m not now fundamentally bullish on Litecoin comparative to where I was fundamentally bullish on it a year or two or four or five years ago. It’s about technical price patterns. Super cycles. Patterns that take years to set up.“...