You may often hear how Bitcoin trading is compared to casino gambling. It is because both these niches involve taking certain risks. With cryptocurrencies, risks mainly relate to volatility. In Bitcoin casino games, the risk is that you never know whether your bet will hit the target.
So is crypto trading a kind of gambling? We will try to sort things out.
How Online Bitcoin Gambling Works
Bitcoin casino games are a new trend among contemporary players. There are several reasons why slot lovers switch from regular casino sites to online Bitcoin gambling. First, BTC bets are 100% secure and anonymous. They save players from bank routine and sluggish payouts. Another reason to play crypto casino games online is much lower transaction fees.
Online Bitcoin gambling usually comes with lavish BTC bonuses from casino operators. No wonder that present-day gamblers prefer to play in a crypto casino. Winning a jackpot in Bitcoin can turn you into an instant millionaire just like that. Of course, players can evaluate all these merits only if they gamble mindfully and pick out trusted Bitcoin gambling casinos.
Is Bitcoin Trading a New Form of Gambling?
Bitcoin trading and gambling have certain similarities. Selling e-currency is a risky business. Even the most thorough forecasts can’t predict for sure how Bitcoin will drop or rise in value tomorrow. In these terms, crypto traders resemble casino enthusiasts. They also ‘bet’ on the BTC value growth.
Another parallel is that crypto traders and Bitcoin casino gamblers are strategy planners. Traders always need to monitor the cryptocurrency market volatility to prepare for potential twists. Seasoned traders intuitively learn to identify indicators for selling their Bitcoins or keeping them for more favorable times.
Similarly, crypto casino gamblers build multi-level strategies for making a lot of dough. How to hit the Royal Flush in Bitcoin Poker or land a winning symbol combination in BTC slots – experienced gamblers have a strategy for each case.
Dependence on luck is another nuance that Bitcoin traders and gamblers have in common. You may learn the investment principles from head to toe and master Bitcoin casino games like a pro. Still, a person needs a certain amount of luck to score in both these fields.
Why Invest in Cryptocurrency in 2021
Is Bitcoin still a justified investment in 2021? BTC made another breakthrough when its April value reached over $63,000. Of course, we can’t deny the volatile nature of the crypto space. It is an undeniable feature of Bitcoin marketing. On the other hand, the advantages of investing in digital currency say it all:
- Broad acceptance – the number of global industries and companies that deal with Bitcoin in 2021 grows by leaps and bounds.
- High liquidity – a vast selection of trading platforms and brokerage e-services allow owners to exchange their Bitcoins at lightning speed with maximum advantage.
- Resilience to the financial collapse – Bitcoin was born at the time of the global economic crisis and confirmed its immunity to financial collapses over the last decade.
- Safe digital storage – investors in 2021 choose to store their earnings on secure decentralized platforms rather than rely on banks that can’t boast solid stability after the global pandemic.
No matter what, Bitcoin remains a superb investment vehicle both for traders and gamblers. The primary distinction is that BTC trading doesn’t have a house edge, unlike online Bitcoin gambling. Still, if you grasp how to combine your expertise, strategy, and luck, you can succeed in all areas. Here https://7bitcasino.com/slots, you can find the richest collection of Bitcoin slots to see how BTC and gambling match together.