Posts Under ‘Bitcoin’ Category

Gambling with Bitcoins: How to Find a Safe Casino

casinoCan we all agree that bitcoin are pretty great? I mean, the fact that they belong to the Internet (and as such – to everyone and no one) rather than to a particular country or nation alone elevates them to several magnitudes above traditional currencies. Remember what happened to the British pound right after Brexit? It plummeted to the ground, and many Brits living abroad suddenly found their currency devalued to the point where they couldn’t even pay for rent anymore. Honestly, I can’t really imagine anything similar happening to bitcoin, since it’s so very disconnected from the real world. Tomorrow we could find out who invented bitcoin and discover that he’s the true assassin of Kennedy, and it wouldn’t affect the currency one tiny bit! And let’s not forget that you can actually get bitcoin for free by “mining” them, providing part of your machine’s resources in return for a small amount of bitcoin? When you consider all of that, it’s not exactly a stretch to assume that many people would want to use bitcoin for their day to day transactions. Some websites around the world have caught onto this and have opened their doors to the currency, and in many cities across the globe there are even terminals that you can use to pay your bills with bitcoin! But unfortunately, progress has been slow, and many of the biggest online retailers have yet to join in on the trend.

The same holds true for online casinos – one of Internet lurkers’ most beloved pastimes. If you go to any of the bigger online casinos in your country/area, chances are that none of them support deposits made with bitcoin – and if by some stroke of luck the planets have aligned and one does, they will most certainly not allow you to withdraw your winnings into a bitcoin account, which sucks. Bitcoin is the currency of the future, and it kind of sucks that so many of these big businesses are just refusing to accept it, but that’s a rant for another time. Anyway, just googling “online casinos that accept bitcoin” isn’t really going to take you far, since you never know if the casino in question is legitimate or not. Sure, bitcoin are great, but they’re also used for lots of illegal activities due to their untraceable nature, such as buying drugs. It’s not uncommon for unregistered and unregulated casinos to start using bitcoin, as that makes them harder to get tracked and shut down. Naturally, you do NOT want to get anywhere near illegal casinos, since at best you’ll lose your money, and at worst you might even get arrested.

Hmm, if only there was some kind of way to know what casinos that accept bitcoin are legal and which are not… Oh, wait! There absolutely is, and it’s actually pretty convenient and simple – you can find some good bitcoin casino reviews here that are going to tell you exactly which casinos are trustworthy and where you should try your luck. I don’t mean to sound like an infomercial here (at least not a bad one – more “Slap Chop”, less “Shake Weight”), but that’s not all – they also give you all of the necessary information you’d need from a standard casino review, such as the amount of games, the software they run on, etc. It’s actually some pretty great stuff that encompasses a large variety of casinos and markets, so if you’re ever doubtful about a Bitcoin casino, or just looking for one to start at, I’d definitely recommend checking the reviews!

Welcome

bitcoinWe don’t really know all that much about BitCoin. We don’t know who made it (there are theories, but nothing proven), we don’t know the exact infrastructure by which it functions, hell, we don’t even know why exactly it exists in the first place. All we know is that it does, in fact, exist, and every year more and more people are dedicating their businesses to it in some form or another. Some build establishments to “mine” bitcoin, others have merely began accepting BitCoin transactions within their establishments. And while most of the people working with BitCoin run smaller businesses, for the first time we’re starting to see some bigger companies accepting the currency, which is absolutely groundbreaking. Especially considering how much its value has dropped this year, it’s nothing short of impressive that BitCoin remains as strong as it is when it comes to its presence.

Hello, my name is Lewis Nixon, and I’m a market analyst from Leicester, UK. Just like many others in my profession, I’ve been monitoring the rise and fall (and, hopefully, the eventual rise again) of various e-currencies, such as BitCoin, LiteCoin, PeerCoin, and… Yes, even DogeCoin. I’m truly fascinated by these cryptocurrencies and the promise that they offer, and I truly believe that they’re worth a closer examination and monitoring, since we might very well be looking at the early days of the future of currency in general. On this blog, I’ll be posting various news articles, reports, analyses and statistics directly related to e-currencies in an attempt to keep everyone up to date on the latest developments in that area. I hope you’ll join me on this journey into the world of cryptocurrency and, hopefully, we can keep learning new things along the way.