Bitcoin Bubble? The Future of Bitcoin Casinos
January 24, 2018 (Investorideas.com Newswire) These are certainly trying times for Bitcoin. After registering significant price increases in 2017, the value of Bitcoin has been on the downside in 2018. From the outlook, it seems this negative trend is not going to slow down soon. From a high trading price of around $16 000 during the last month of 2017, Bitcoin is now on average trading around $10 500. If the suggestions by many experts that the trend is going to continue, then it’s wise to say we are going to see a Bitcoin bubble in the near future.
Many bitcoin casinos have mushroomed since the start of 2017 after Bitcoin's value started to rise considerably from online casino UK to many others across the globe. With a Bitcoin bubble imminent, what does the future hold for these casinos?
What the experts say
There are two divided opinions when it comes to the future of Bitcoin casinos. On one side, there are those who claim that the future of Bitcoin casinos is very much alive even in the face of a bubble. Those who are of this view state that Bitcoin and its related technologies have already gathered the necessary core user base that is able to make it withstand any fall.
In addition, they argue also that the future of Bitcoin casinos is very much alive even if a bubble goes down because there are many people who have taken up the concept and technology of Bitcoin such that if a bubble does happen, there will be concerted efforts by different arms of business and even government to help restore it back to its former value.
Some say that the qualities of Bitcoin such as anonymity, lesser transaction costs, and instant transactions are too much appealing for people to just let Bitcoin go away. To them, even if a bubble does happen, Bitcoin Casinos will find solace in the fact that they will be not the only actors affected hence they will have partners to help them restore Bitcoin.
However, there is also another group of experts who think that a Bitcoin bubble will herald the end of Bitcoin casinos. To them, Bitcoin is just a fraudulent currency that will disappear from the face of the earth once a series wind blows its way.
Others, however, do think a Bitcoin bubble will have different effects on different Bitcoin casinos. They think the more established Bitcoin casinos can use the bubble to consolidate their position and propel further while the emerging Bitcoin casinos can find the going tough and close shop.
Author: Paul Robinson.
Paul Robinson is an online marketer with knowledge about cryptocurrency
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