Bitcoin Gambling More Than Just Fun and Games .pdf
Original filename: Bitcoin Gambling - More Than Just Fun and Games.pdf
Author: Frederick Louis Castro
This PDF 1.5 document has been generated by גירסת ניסיון של Microsoft® Word 2010, and has been sent on pdf-archive.com on 05/11/2015 at 06:57, from IP address 121.96.x.x.
The current document download page has been viewed 351 times.
File size: 231 KB (7 pages).
Privacy: public file
Download original PDF file
More than Just Fun and
The Effects of Gambling
Too Much With Bitcoin
GAMBLING: A BRIEF HISTORY
Gambling has been a leisure activity to human civilization for such an extensive
period of time. This type of entertainment has been in existence since the reign
of the Egyptian empire and is still rampantly practiced in today’s generation.
Gambling is also one activity that stood the test of time. Starting off as a simple
die game, gambling of today’s cohort showcases pronounced upgrades and
differences that are completely absent from its archaic counterparts.
Having these figures at hand, one can declare that gambling has been a vital
component to humanity’s progress in evolution. It is difficult to picture society
without gambling since the majority of a person’s social skills and understanding
can be attributed with this activity.
Nonetheless, gambling has trekked an extremely stretched road in order to fulfill
every person’s desire to gamble.
To date, gambling aficionados are welcomed with few of the most advanced
and upgraded versions and renditions of gambling. Take the slot machine as an
Before technology has influenced the gambling niche, gamblers are limited to
spinning a machine that only has three reels in it. Still, this game provided
boundless entertainment to those who wager.
Since technology has transformed to become society’s gears for progression,
almost the entirety of human resources have experienced refurbishments from
As such, new-generation gamblers can now wager on a seemingly infinite
number of slot machines that are not only equipped with more reels, but are
also designed to showcase various themes and story lines.
Gambling has become truly fascinating in today’s set up.
However, gambling’s progression did not stop there. Given that technology
consistently advances through time, the gambling industry also took the
opportunity to join the ride.
Before, casino games are limited to land-based venues like Las Vegas and
Macau, gambling aficionados are now given the luxury and opportunity to
gamble via online casinos.
These online casinos then marked the revolutionary dominance of gambling in
the iGaming sector. Ever since casino platforms have swarmed the Internet, the
online gambling industry has been one of the highest profiting domains in the
Going back, online gambling isn’t the entertainment’s final form. With the
introduction of the groundbreaking cryptocurrency known as Bitcoin, several
computer experts and developers saw the underlying advantages of Bitcoin for
the online gambling community.
After several analysis and evaluations, online operators who are also Bitcoin
adherents have made Bitcoin casinos possible.
Sharing the same nature with the conventional online casino, Bitcoin casinos
boasts gambling games that are designed to deliver high-definition graphics
and lucrative opportunities. The only difference between the two is that the
Bitcoin gambling industry is powered by cryptocurrency.
Knowing that cryptocurrency is like the upgraded and much safer version of
society’s traditional money, a great number of real-money gamblers have
switched sides and have tried gambling with Bitcoin.
Due to the limitless amounts of advantages they have experienced, Bitcoinpowered gambling platforms are now considered as the new flagship products
of the iGaming market.
However, Bitcoin gambling is not immune to flaws and negativities. Just like its
predecessors, gambling with bitcoins may give detrimental effects if done too
SIGNS THAT YOU ALREADY HAD TOO MUCH
May it be Bitcoin slots, dice, video poker, even live dealer casino games, Bitcoin
gambling becomes daunting if bettors pushed further to their limits Just like
problematic gamblers, the Bitcoin gambling industry is also home to some
problematic cryptocurrency players that cannot draw the line for their gambling
Here are some of the most common signs that a gambler must know, which can
help them determine and avoid further problems with Bitcoin gambling:
Gamblers can’t stop – Unlike professional bettors, problematic Bitcoin
gamblers are having difficulties calling quits even if the odds are not
already on their favor. Another sign is that they keep denying that they
already had enough by believing that their losing streak is just a phase
and they can recover soon after.
Cashing in for more Bitcoin wagers – Bitcoin gambling is supposed to be a
leisure entertainment, and there is nothing serious about losing or winning.
The fact that gamblers play for the sake of entertainment is acceptable.
However, problematic gamblers usually limit their initial Bitcoin wagers, but
are unconsciously cashing in for more funds, which can be connected to
the first sign—they cannot stop.
Players gambler more to make up for their losses – This is perhaps the most
prevalent misconception every gambler shares. Thinking that losses can
be reacquired through more gambling is just straight wrong. Regardless if
your try other provably fair Bitcoin casinos or platforms, the fact that
gamblers are on a losing streak is enough to call it a day.
Bitcoin gambling becomes a burden – Bitcoin gamblers must be aware
that if gambling becomes frustrating and stressful, it is more than enough
to call it a day. After all, gambling is designed to entertain and not to
SIMPLE THINGS THAT MAY HELP YOU GET OUT OF THE ADDICTION CIRCLE
Bitcoin gambling games are actually hazard-free. The real issue behind
problematic gambling lies behind the gambler. Gambling addiction should not
be taken for granted as well. In fact, it is highly recommended to seek
professional help from professionals.
Still, there are easy methods that can minimalize the damages that are being
dealt by problematic gambling.
Here are some of the recommended steps in order to regain your fun-filled
gambling experience in Bitcoin casinos:
Be responsible and admit your gambling problem – Change starts once
you acknowledge your shortcomings and mistakes with Bitcoin gambling.
Once you have fully accepted your problem, further actions will be
accomplishing necessary actions will be easier.
Set boundaries – As mentioned earlier, Bitcoin gambling is not all that bad.
It becomes shrouded with negativity if it only starts to bring misfortunes to
your life. If you really love gambling, it is recommended to discipline and
limit yourself. Setting boundaries is not that difficult as well since the
difficulty is just all in the mind. Whenever you are experiencing temptation,
always think that your overall well-being matters the most than Bitcoin
Try other Bitcoin-powered activities – Bitcoin certainly is fun to use.
However, this cryptocurrency can be used on other activities. If you are
gambling just for the sake of using your bitcoins, then it is best that you try
other Bitcoin-powered activities like establishing a startup, or optimizing
your business to accept Bitcoin. Through these activities, you get to use
your beloved currency, plus you get to earn more.