Poker has become one of the most entertaining and thrilling games of all time because it adds a twist to the usual betting game. A lot of people have become hooked to playing poker and it has become so much a part of their lives that they play it during house parties and other events. If you are a poker fan, you have probably heard of the Bitcoin Poker Bot. If you still haven’t had the chance to hear about it, there are some interesting facts and information to know.
Basically, the concept behind Bitcoin is to legalize online poker by betting using the said form of money without losing actual money in your bank account. In the United States alone, poker and other forms of gambling has already been considered illegal but a lot of people still find enjoyment in engaging in this kind of activity. As contradicting as it might sound though, even if the United States has already declared gambling to be illegal, going to casinos and places where gambling exists is never controlled.
It’s quite intriguing to think about the concept behind Bitcoin. Instead of spending your money on gambling, you still engage in the same activity, bet your heart out and not lose anything in the end. This is especially appealing to people who really don’t have money in the first place and those who are simply looking for ways to keep themselves entertained.
On the other hand though, a lot of people would still much rather gamble using actual money and they argue by saying that gambling with the use of Bitcoin will just be pointless. If you come to think of it, it actually makes a lot of sense. People gamble in the hope of increasing their stakes and because they look forward to the amount of money they can possibly gain in the end.
Anonymous Currency: Bitcoin
Another interesting concept to know about Bitcoin is that it is tagged as an anonymous currency. This practically means that some people who play online poker can invest their actual money and transfer it as a Bitcoin. When they gamble and win, they can win the Bitcoin without knowing how much it’s really worth. The same goes for other people. But because the Bitcoin is said to be an anonymous currency, there have been many instances wherein people lost their money’s worth thinking that the other currency is much higher than theirs only to find out in the end that it really isn’t.
Likely, there have also been several reports of Bitcoin being transferred to various accounts of online poker players without their knowledge. And since there is no way of knowing the currency of the money being transferred, there is no way of finding out who actually stole the money. Still, with all of these controversies involving the Bitcoin, people are still growing more and more interest in playing Bitcoin Poker Bot.
Other than the aforementioned information about the Bitcoin poker bot, there are several other interesting facts one should know about it. For instance, not all online gambling sites have adopted the use of Bitcoin. Some are still more traditional in the sense that they still want to make use of actual money that have actual currency and value.
If a specific website decides to incorporate the use of Bitcoin to their online gambling or poker website, they would be transferred to smartphones and or a computer when used. This makes them a convenient choice especially for those people who cannot live without poker. Thus, they can access the website and log on to their account and play poker as they please even when on the road.
Will Bitcoin Poker Bot Survive?
With all of this information in relation to Bitcoin and poker, the ultimate question still remains? Will this kind of ‘currency’ continue to flourish in the trade market or will it survive to say the least? Some people claim that it will because since its conception in 2009, the value of the Bitcoin still remains the same. On the other hand, a lot of people claim otherwise because of its rather volatile market value, its low production as well as the fact that not a lot of people use it up to this present time.
Upsides and Downsides to Bitcoin Poker Bot
With all of the information mentioned, it is quite easier now to pinpoint the upsides and downsides to Bitcoin poker. One obvious upside to it is of course convenience. Since you can easily access and transfer the Bitcoin through the use of your computer or smartphone, there’s no need for you to go to your local bank just to engage in poker or any other gambling activity. Likely, the use of Bitcoin is also accepted by several merchants and online websites around the world. Although a bit difficult which accepts it, a bit of research can give you an idea.
On the other hand, one downside to the use of Bitcoin is of course its volatility. How much money should you invest on using it and how much returns are you expecting to gain back? What if a year or two from now it is no longer being used or accepted by some online gambling websites? Can you convert the coins to an actual money with an actual currency? Also, the use of Bitcoin is only ideal for the here and now and although the future is still uncertain, it is not something you should bet on with all your life.
Now that you know all of this information when it comes to Bitcoin Poker Bot, it is really up to you to decide whether or not it is something for you. If you find that it is, then you can easily go for it. Otherwise if you want to engage in gambling activities and poker without using this option, that is also your discretion.