There are so many betting sites in the online gambling industry. It is essential that you pick the right one for your pleasure and entertainment. If you chose the best bitcoin gambling site for your online business, consider the benefits of your selection, it could make or break the success of your online betting investment.
The rise and fall of Bitcoin
Bitcoin has a value of $9,849.54 as of this writing. The lowest it plunged this month was last February 6, 2018, to a value of $6,067.98, a far cry from the highest it peaked last Dec 17, 2017, at a value of $19,783.21. Bitcoin investors are in a quandary as to why the digital money keeps on falling and bounces right back. Bitcoin holders know what they are into, but do they know what causes the rollercoaster trajectory of the cryptocurrency?
Reasons why the Bitcoin prices fall
The reason why the crypto money dipped last February was when the British MPs announced that they will form a task force that will look into cryptocurrencies and the technology behind it. Last February 22, 2018, the digital money rebounded to a summit of $11,334. After the news of the MPs directives, the value dropped off to $10,029.50, wiping off the approximately $1000 surge of the BTC price. It was an 8.98% drop within 24 hours affecting other digital currencies as well. This the most recent reason why the BTC plunged in market value.
Despite this setback, many BTC investors believe that the Bitcoin is still in the bear market and shows positive signs of resurging to its uptrend graph. Experts say that it is just part of the corrective adjustments of the crypto money.
Experienced stock market analysts say that one of the reasons why Bitcoin has to fall is comparable to the Laws of Physics. The BTC buying was just too much increasing the value too fast and so high. It was so rapid that it could not sustain its growth and trajectory. There is no other way that what goes up must eventually come down.
Another reason why the cryptocurrency fell last January 26, 2018, is when Japan digital exchange Coincheck announced the suspension of client withdrawals and deposits of cryptocurrencies besides Bitcoin due to a hacking incident. The hacking caused the loss of $523 million of NEM. The Japanese NEM coins were sent to another account. According to CoinMarketCap.com, the NEM digital money dropped to 16% in a matter of 24 hours. The cyber robbery affected the 260,000 holders of the NEM crypto money.
There are several factors affecting the rise and fall of the bitcoin and other cryptocurrencies in the market. It is important for BTC account holders to be aware of its effect on our economic lives. Since the crypto money is a medium of payment for goods and services rendered in the digital space, the online gaming industry accepts the business it brings into the gambling sector. The best gambling sites welcome the influx of new bettors using their Bitcoin as the medium for betting.
Online gamblers prefer the BTCs on the best bitcoin gambling sites
There are specific advantages why BTC account holders prefer the cryptocurrency than the fiat currency. Here are some benefits of using the BTCs in bet placements:
There is complete privacy when an online player uses his bitcoins to gamble on the best bitcoin betting site. Only encrypted codes are visible online when sending payments using the cryptocurrency. With the blockchain technology, no information about the sender or recipient of the digital cash has a record of the transaction. Bettors over the internet do not want their identity divulged on online wagering. Bitcoin transfers do the job in concealing the identities of individuals involved in the trade.
Another advantage of using BTC on the best bitcoin gambling site is the irrevocability of the transaction after sending it. If you send the transaction, there is no cancellation of the deal, the best bitcoin gambling site will immediately have the BTC transfer on its bitcoin wallet.
The transfer is safe and secure. The assurance that the crypto money will go to the proper account you sent it to the respective BTC wallet. Although there are incidents of hacking occurring over the web, corrections and appropriate measures take place upon detection, the hackers apprehended and placed under the full force of the law. Keep your codes with strong passwords and keep them away in cold storages where it is untraceable by hackers.
The Japanese NEM incident is a lesson that has authorities overhauling the entire cryptocurrency network to address the problem. Other payment options that have your card tagged to it makes you a potential target if the site of your payment facility gets hacked.
Online gamblers like the BTCs medium of gambling as it is convenient to deposit and withdraw. The speed of withdrawing the crypto cash is excellent when you want it transferred to your BTC wallet. It only takes minutes for your funds to reach your electronic wallet. The fiat currency takes days or even a week to appear in your account.
One benefit BTC gamblers have in transacting with the Bitcoin is the low rate of transaction fees. To transfer your bitcoins to the best bitcoin gambling site, the average transaction fee is $2.94 as per data reported last January 14, 2018, by the Bitinfocharts.com.
In playing with the best bitcoin gambling site, a gambler should know when to withdraw the winnings from his gambling activity. Online players have the privilege of withdrawing as frequent as he wants it fit for his wagers. Frequent withdrawals will allow the players to manage his BTC bankroll efficiently. There is a tendency to bet impulsively if your funds are all over the virtual gambling table. The withdrawals have lesser transaction charges while the fiat currency has high transaction rates every time you withdraw your funds.
The Bitcoin has no centralized governing body that controls its transfer and movement. There is no limit and control over how much you send or receive. The online gambler can transfer any amount he wants to the best bitcoin gambling site. This is one feature of the Bitcoin that illegal activities take advantage. Money laundering and drug money payments are the two leading crimes that hide their activities under the umbrella of cryptocurrencies.
How to choose the best bitcoin gambling site
Choose the best bitcoin gambling site that is in the number one rankings of the review charts. The site reviews have information why they ranked the online bitcoin betting site.
The best gambling site has everything for wagering. Everything means from sports, horse track racing, Tennis, esports, online casinos, election results, Grammy award winners, the length of time for a singer to render the star spangled banner, financial markets, dice, stone-paper-scissors and everything under the sun you could place your bets.
The best bitcoin gambling site should have a fast payout system. This method is one benefit that online punters would like to play with using their Bitcoins. The feature gives the players trust and confidence that the site will not run away with their money/BTC.
Bigbook.ag is one of the best bitcoin gambling site that delivers great customer services. It also has superb bonus incentives for players on their deposits.
Bonuses vary in amounts proportional to your deposit, 50% bonus of your first BTC transfer, 25% on your succeeding deposits. It could also come in perks like a 5-star hotel and lodging, free tickets to celebrated concerts and special events, even in the form of merchandise and free trips, and an all paid vacation for two in the Bahamas. Bigbook.ag gives out commission in the form of a $400 bonus for a player you refer to the site.
The best way to find out if the best bitcoin gambling site is right for you is to avail of its week-long demo. You will find out during the demo if the features of the best bitcoin gambling site are what they promise. You will experience any flaw if there are any occurring errors in the software.
Make Bigbook.ag your best bitcoin gambling site for your wagering interest and entertainment. Visit our website and try out our demo package for your enjoyment and fun.