Quote from: salad daging on Today at 07:13:02 PM

Quote from: _act_ on Today at 05:56:00 PM

Quote from: Davidvictorson on Today at 05:09:25 PM

And they all end with questions for the readers. This topic is no different but it is related to casinos. Is this new price a plus for the casinos? Do you think they are excited about this, like it will lead to some kind of growth for them or they are indifferent to it because nothing changes, just business as usual?

If bitcoin fall or increase, the gambling sites know what they are doing. Just know that they are always in a profitable business. If the gambling site has not sold any of its bitcoin, that means the gambling site is richer now as bitcoin price continue to increase. But know that the gambling sites do not depend on that. What the gambling sites are depending on are their customers. The more they have customers, the more profitable their business is.

Even if bitcoin drops drastically casino sites remain profitable because this is part of the business, in fact it is rare for a casino to go bankrupt I always see casinos continue to grow because many customers are playing at the casino.
Some of the bitcoins that the casino has belong to customers who go in and out of the casino so they will not sell them, but still from that the casino is always profitable.

Yes, but how about them holding some of their Bitcoin winnings? And if we go on your argument that they are profitable and obviously could be holding still the their profit markup will be greater that what they expected, similar to us when we bought at price of $15,500 and now the price is $100k. So not sure what the numbers are, but it's huge for them and so they are also very excited to finally see that Bitcoin finally had it at $100k.

And so it's just a question for Bitcoin gamblers whether we want to continue to play with it, or just chooses another altcoin and then we just held on our Bitcoin for as long as we can and just just gamble it.