Kategorie: Bitcoin News

Bitcoin casinos have seen a great increase in popularity recently, with many people now looking for cool games to play. On such a website, just like on the vast majority of online casinos, offers great bonuses. But what’s unique about these crypto casinos is that they also accept payment with Bitcoin, making it easier for those holding crypto.

Bitcoin as a gambling financier

Bitcoin is the world’s most popular and most valuable cryptocurrency. It has grown enormously since it was first launched in 2009. Now a Bitcoin is worth around NOK 195,000, but historically it has been worth even more. Those who have Bitcoin thus have some money they can spend, and many prefer to use it when they gamble online. This is partly because they are protected by blockchain technology, which ensures that no one can cheat or lie about payments or deposits.

1. The very first crypto casino

Bitcoin as a cryptocurrency first appeared in January 2009, after a person under the pseudonym Satoshi Nakamoto launched it. No more than one year and nine months later, the first crypto casino was launched. This was called SatoshiDice online casino, and they were able to accept their first Bitcoin gamblers in October 2010. Here the very first bet was made on the K-League football league in South Korea.

It was no more than 0.2 Bitcoin, which at the time was worth 24 US dollars, and today a little more than 18,000. The casino still exists, but is not so popular. Part of the reason is that they do not accept any cryptocurrency other than Bitcoin as payment. 

2. Crypto gamblers are more anonymous

Despite the fact that gambling is a common, and possibly incredibly exciting hobby, there are many people who want to remain anonymous on the various gambling sites. This can be for various reasons, including related to work, gains and income. When you gamble with cryptocurrency, you have precisely this opportunity, to be more anonymous. This is because crypto casinos online are completely decentralized and unregulated, which means that transactions are not linked to the player’s identity, and the site does not ask Bitcoin gamblers for personal information.

3. Lower fees

In connection with deposits and games, there are some fees when gambling, which can be annoying for many. When you gamble with cryptocurrency, on the other hand, you can worry about these to a lesser extent. There are lower and fewer fees here as the casinos are looking for cryptocurrency with low transaction and exchange costs. Many Bitcoin casinos even offer fee-free transfers to your Bitcoin wallet.

4. More games for gambling

Games are obviously an incredibly important part of playing at online casinos, and when you gamble with cryptocurrency, you actually have the opportunity to test out more games. 

Many crypto casinos will offer more variety in the game, and games from a bunch of categories. Some crypto casinos offer both casino games and betting on sports, and even crypto trading in some cases. 

On average, you can check out between 300 and 500 different gaming experiences on such sites, and many games are completely unique to each individual platform.

5. Good customer service

Another big advantage of playing at crypto casinos is the good customer service. It is set up so that you can always contact the site if you have any questions regarding transactions, exchanges, bonuses and games. 

The best Bitcoin casinos all offer these and more, with some pages even having VIP communication with some of the most loyal customers, and you can contact them on several digital platforms. 

Bitcoin casinos are always digital and online, which means that both you and customer service can be logged in at all hours of the day. This is a great advantage, and a luxury you only get at the best casinos. This is one of the many good reasons to check out the casino you want to play at carefully, so that you can make sure that it is safe and can offer you the help you need.

6. New casinos

When you gamble online, you often find a casino that you like playing at the most. This allows you to get to know the site well, and play from the same user all the time. Nevertheless, it is always exciting to check out new sites, to see what new games are available, and whether there are various bonuses elsewhere. 

New crypto casinos are constantly being created, in fact as many as 150 casinos every year! The online casino industry is worth an enormous amount, and it grows every year, and among these we find crypto casinos, which are increasing in value. 

There is a high demand for such pages, which is why many new pages are created every year.

7. Exciting bonuses

One reaction to the increase in the number of ideas that people can play on is bonuses. The already existing pages must ensure that they remain relevant, and new pages must be able to compete with those that already have many customers. They do this with the help of bonuses, which can be very fun and beneficial for you to use. There are many different bonuses out there, for example welcome bonuses. 

You can find these at the vast majority of online casinos, and they can contain different types of bonus. It is common for them to have free spins, which can be used when playing slot machines. In addition, you can get deposit bonuses, which increase your first bet by a set proportion. 

Such bonuses make it a little more fun to get started, if more desirable to continue playing.

Conclusion

Cryptocurrency has been a relevant topic since Bitcoin was launched in 2009, and it is no wonder that many people want to use them to gamble. Right now, many people are keeping their eyes open for Bitcoin’s little brother, and changes happening in the network. This can also be used to gamble with. Crypto casinos help connect a number of hobbies and interests, such as gaming technology, money, cryptocurrency, trends, sports, gambling, and much, much more.

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Bitcoin remains the dominant cryptocurrency and differs from the other coins and tokens currently available in the market.

Jack Mallers, the CEO of Strike, a company that allows users to buy and sell Bitcoin, said Bitcoin differs from other cryptocurrencies. He mentioned this during a recent interview with CNBC.

When asked about the recent FTX collapse and whether his company had exposure in the crypto exchange, Mallers said;

“No. Strike, myself, and Bitcoin at large have nothing to do with Sam Bankman-Fried (SBF) and FTX. It is nothing other than an absolutely disgusting and malicious crime, in the same way, that someone a car down the street from my house. It has nothing to do with Bitcoin, either. However, an important point to note is that the world is finally starting to realise that there is Bitcoin, and then there is everything else.”

Maller pointed out that many people have taken advantage of Bitcoin’s innovation to develop other coins like Orange Coin, Pink Coin, and FTX. According to Maller, most of these coins are used for crimes and have nothing to do with Bitcoin.

The use of blockchain technology to create other cryptocurrencies and use them to scam people need to stop, Maller added. He highlighted that FTX’s collapse is an expensive lesson that shows that there is Bitcoin and there is everything else. He said;

“It doesn’t surprise me that FTX owned zero Bitcoin. Because if you want to commit crime and fraud, you don’t use Bitcoin.”

Maller added that although FTX’s collapse affected the broader cryptocurrency market, it is a good thing that it happened. The bad actors in the crypto space need to be washed out, and it is best that FTX is eliminated from the cryptocurrency market. 

Bitcoin is down by more than 1% in the last 24 hours and is currently trading above the $16,500 mark. 

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Bitcoin (BTC/USD) may have settled above $15,000, but the pressure is mounting. As of press time, the cryptocurrency was trading at $16,623, losing 1.32% on the day. BTC is also largely consolidating rather than making a directional move. A technical outlook shows a potential decline to the next low.

Bitcoin’s price action comes when data shows that BTC holders are withdrawing their holdings from crypto exchanges. According to Glassnode, there is over $1.75 billion per month of mass exodus of Bitcoin from exchanges. The withdrawals come after the collapse of the crypto exchange FTX.

Further, Glassnode data shows investors are flooding exchanges with dollar-pegged digital assets. More than $1.04 billion worth of stablecoins flowed into exchanges after the FTX fiasco. The rising suggests that investors are gearing up to buy the dip as most cryptocurrencies tanked.

An increase in stablecoins flowing to the exchanges preempts investors’ expectations. However, it does not indicate that we have hit the market bottom. From the BTC perspective, this is illustrated by increasing bear pressure for the cryptocurrency. 

BTC analysis as price stalls below key level

BTC/USD Chart by TradingView

On the weekly chart outlook, BTC has a confirmed break below the $19,500 level. The MACD indicator shows the cryptocurrency is bearish. The momentum is also weakening further. 

Will Bitcoin proceed lower?

The current BTC price level could fail to hold due to weak momentum. The price also trades at a non-support zone, meaning the cryptocurrency is yet to settle.

Based on the technical indicators, a lower price is possible for BTC. The next established support for BTC lies lower at $11,000. However, the level around $14,000 has shown price action before and could provide support for BTC. 

Where to buy BTC

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy BTC with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy BTC with Skilling today Disclaimer

The post Bitcoin prediction as the token continues to stall. Is a lower price possible? appeared first on CoinJournal.

Bitcoin price continued consolidating in Monday as a somber mood engulfed the cryptocurrency industry. The coin was trading at $16,760, which was slightly above last week’s low of $15,528. It has plunged by over 22% from its highest level this month, making November a nightmare for the coin.

Somber mood engulfs the crypto industry

Bitcoin price remained under intense pressure on Monday as concerns about the crypto industry continue. Recently, the most important crypto news was the collapse of FTX, the second-biggest exchange in the industry after Binance. 

As a result, many cryptocurrency investors have decided to completely exit the industry altogether. Besides, other well-known and reputable companies like Voyager Digital and Celius have gone bankrupt as well. As such, with FTX gone, there are concerns about which company will be next. 

Recent data shows that investor have pulled their cryptocurrencies from crypto exchanges like Binance and OKX. Also, Tether’s outflows have risen sharply in the past few days.

Still, there is a silver lining for Bitcoin prices and other cryptocurrencies. In the evolution of all industries, such busts are common. For example, in the early 1900s, tens of banks were going under every year. That ended after the establishment of the Federal Reserve.

Meanwhile, the same thing happened the early 2000s when everyone was investing in dot com companies. That ended tragically after the dot com bubble burst, costing investors billions of dollars. Since then, companies like Google, Cisco, and Amazon have thrived.

Therefore, a silver lining in FTX’s crash is that regulators will move into the sector and set guardrails to protect investors. While more companies are likely to go bankrupt, it is a necessary process for weeding out bad apples.

Bitcoin price forecast

Is it safe to buy Bitcoin now? At this moment, the situation is relatively fluid and I suspect that there will be more negative headlines. The coin has crashed below the important resistance level at $18,156, which was the lowest level on October 13.

Bitcoin has also moved below all moving averages. It also formed a dead cat bounce and a dead cat bounce last Friday. These patterns are usually signs of a continuation. Therefore, the coin will likely continue falling in the near term as sellers attempt to move below the support at $15,000. It will get worse before it gets better.

How to buy Bitcoin

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy BTC with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy BTC with Skilling today Disclaimer

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One of the greatest barriers to entry for cryptocurrency is undoubtedly comprehending it. 

Blockchain technology is difficult to get one’s head around. It has only been around since 2009, so it can also be difficult sometimes to find good resources on where to learn about it. Not only that, but the repeated collapses – the FTX implosion being the latest – put people off looking into it. 

Education is paramount. This is the single biggest thing I noticed when I visited El Salvador this summer, where Bitcoin is legal tender. So many people I talked with had difficulty truly understanding it.

I was told by a Wallmart cashier that I could not pay with Bitcoin because I did not have the government-owned Chivo wallet. This is obviously false, as Bitcoin’s lightning network does not discriminate – you just need a QR code and the Bitcoin will go. It is a decentralised network and there is no such thing as certain wallets not being able to send to other wallets.

One barman also said that he tried to learn about it but gave up after a week because he “didn’t have a computer brain”.

It’s no different outside of El Salvador. I wrote recently about how 48% of Brits know almost nothing about crypto.  This is the same for countries all around the world. But since I have just moved to London, let’s dig into the British for the time being.

Top Misconceptions

 Looking at a study by VoucherCodes.co.uk, they presented the below as some of the biggest misconceptions in the UK, which I have put together a chart for:

 

 I think the chart says it all.

While the top two are hugely understandable, the others show that there is still a massive chunk of the British population that just do not understand crypto. That is perfectly fine. In fact, it’s a good thing – it shows how much further the industry could grow.

But the first step to adoption is education. I actually think this is what they got wrong in El Salvador. Announcing Bitcoin as legal tender spontaneously – from a Bitcoin conference in Miami – without prior warning or discussion with the people is not the way to go.

The UK, of course, won’t be announcing Bitcoin as legal tender anytime soon (although with the way the pound has been going recently, don’t rule anything out!).

But the barriers are still here. And for the 2%: no, Elon Musk didn’t make cryptocurrency up. Unless they think he is Satoshi Nakamoto? I guess it can’t be ruled out.

Sources

VoucherCodes.co.uk

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