No one is going to complain about the recent price surge that bitcoin has experienced in the past couple of months but one thing that nobody really wants to mention is the fact how these fluctuations affect current bitcoin gambling ecology, If you ask any of the bitcoin gamblers then they will tell you how if they would focus on their bets in monetary value then keeping track would be too much of a time-consuming task. This is no lie that rapid fluctuations in value do have a direct effect on the gambling volumes that betting sites experience. With current minimum betting limits being set at quite high in the majority of casinos then even at the very lowest denomination bitcoin gambler would be limited to betting at least $0.025 instead of a $0.01 which would be the rate at an FIAT-based casino.
Higher Price Even Higher Minimum Wagers
If we take a look at the history of bitcoin price then we can see how besides that first plummet it has been on a steady increase for the past couple of years and is currently trading at right around $2,500. This is actually almost double of the value that bitcoin had when it collapsed and everyone is speculating towards even much greater numbers than we can already witness. One of the big issues that seem to remain will be ever increasing minimum bet value and in order to provide a stable service operators would be limited to either converting player's balance to FIAT upon deposits, but what type of bitcoin casino would that be, or reduce minimum bets to further fractions of the bitcoin. Latterly seems like a more reasonable approach since we have at least sixteen decimals to play with but first might turn out to be more profitable for the house itself. Anyone who can think will understand that in order to maintain and build their players pool they must remain as a bitcoin casino but allowing players to bet in very little fractions of the bitcoin.
Best Time To Bitcoin Gamble
Many different bitcoin casinos have stated that as the prices are high then now is the best time to play and we must agree, it is the best time to play because of the highest progressive jackpots that you can win. Bitcoin is here to decentralize and free us from the dirty middle paws and we must not limit its use to only the wealthy but explore the full potential of digital currencies alongside the blockchain technology. Some analysts have stated that bitcoin might reach $5,000 by the end of this year but only time will tell whether this will actually happen or not. Moon is not the limit when it comes down to bitcoin so the odds are in our favor for sure!