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Bitcoin Wallet 101. Everything you need to know about bitcoin wallets from blockhain to cryptocurrency.

These new Bitcoin casinos are currently operating all over the world, pretty much wherever the laws permit. Some of the options which are quite popular and on which players are able to bet their cryptocurrency include offerings on sports and casino games betting, online lotteries, spread betting and other gambling games. How Cryptocurrencies. Cryptocurrency and Betting Countless reasons make cryptocurrency better for placing wager than the other common forms like credit cards, fiat money, and net banking. To begin with, cryptocurrency gives punters a private way of placing bets. The secret key offered to the wagers comes with numerical alphabets only to known to the particular bettor.

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Bitcoin Gambling 101. Get trusted reviews of bitcoin casino sites and other types of cryptocurrency gambling sites.

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Inside the Exciting World of Cryptocurrency Gambling

What is Cryptocurrency Gambling?

Bitcoin’s popularity has made way for a new type of online gambling activity which focuses on wagers rolled across the internet and registered in Bitcoin’s public ledger, which is known as the blockchain. Playing casino games online at bitcoin gambling sites using cryptocurrencies is increasingly becoming the fastest, safest and fairest way of gambling online despite many skeptics who aren’t familiar with the workings of cryptocurrencies being wary of such activities. In fact if you consider it, the chances of winning are actually higher if you take into account the fact that there aren’t any fees on deposits and withdrawals that you’re entitled to pay.

It is worth noting that there are also a growing number of online casinos which are now offering gambling and money based games in bitcoin currency. These new Bitcoin casinos are currently operating all over the world, pretty much wherever the laws permit. Some of the options which are quite popular and on which players are able to bet their cryptocurrency include offerings on sports and casino games betting, online lotteries, spread betting and other gambling games.

How Cryptocurrencies Operate

Most online casinos started off initially offering bitcoin as supplementary currency but the boom has seen many online casinos actually choosing to transact only in bitcoins. The most popular online casino is Satoshidice. Online gamblers prefer Cryptocurrency casinos because there are several advantages that these bitcoin casinos offer such as the security gamblers get from knowing that cryptocurrencies cannot be counterfeited. Also the simple fact that transactions are much faster, carry lower fees, and the identities of the traders are protected seems to be appealing to online gamblers.

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As is the case with any online gambling business, the core element of the enterprise is software. A lot of the bitcoin casinos that have managed to acquire significant user bases actually operate using their own in-house gaming software. These types of software are reliable in the sense that they operate largely without human intervention. The software plays the dealer but if course most operations still find it difficult to convince users that their games are fair unless they discourse how their software algorithms actually work.

The most reviewed and seeming popular game in cryptocurrency gambling tends to be poker but other games are also seeing a sharp rise in interest from online gamblers. You can find a list of the best bitcoin gambling sites at bitcoingamblingsites.io.

Why Gambling with Cryptocurrencies is Booming

There are still concerns among those in the gambling world that cryptocurrency gambling may be exploited by those looking to use laundered funds by converting them into bitcoins. Some people are worried that unethical gamblers will take advantage of the anonymity offered by bitcoin casinos. Although these challenges are likely to be of concern for the near future, there is no denying that cryptocurrency gambling is becoming more widespread and is only going to continue to grow.

Some of the reasons why the cryptocurrency gambling business is booming include:

• If you own small amounts of bitcoins it may be more favorable to gamble them in order to potentially get more and then convert them into traditional currency at a time that suits since bitcoins are less volatile than traditional currencies.

• The fees for gambling in cryptocurrency are significantly lower compared to traditional gambling.

• Most cryptocurrency casino operators make use of algorithm called Provably Fair which allows players to quality check the fainess of their games which gives more peace of mind when cryptocurrency gambling

Just imagine it. You visit a website and it tells you what price a coin will reach in the future. Sounds like fiction or a scam? Perhaps, but there are websites that specialize in cryptocurrency price predictions. Today we are going to review three of the most popular crypto price prediction websites to determine their value when forecasting the future price of cryptocurrencies.

The best way to test them is to compare their predictions and we did exactly that.

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Walletinvestor.com

When googling fo for almost any coin prediction, walletinvestor.com will show up in the results. This portal offers cryptocurrency price predictions as well as predictions of stocks, commodities, and currency pairs. The crypto predictions are for every day of the month and feature the information about the minimum, maximum and average price of a coin. At the most popular coins, there price predictions that go as far out as five years. Cryptocurrencies with medium or low trading volume have only predictions for the next few months.

TradingBeasts.com

The second popular website we looked at is tradingbeasts.com/crypto/. Unlike walletinvestor, it focuses explicitly on cryptocurrencies, forecasts of other assets are not available. No matter the trading volume, TradingBeasts offers price predictions for over 1400 coins for the next three years. Apart from the maximum, minimum and average price, you can also find information about the percentage change.

LongForecast.com

The third well-established source with cryptocurrency price prognoses is certainly LongForecast.com. This website has price predictions for the next five years with the monthly change and the maximum, minimum price (the system, however, does not generate the average price). Unlike the two sources mentioned above, this portal has price predictions for only the 15 most popular cryptocurrencies.

Analyzing The Predictions

We figured that the best way to compare the accuracy of the price predictions these websites offer is to examine three cryptocurrencies (two popular coins and one with relatively low trading volume). We’ll test short time predictions as well as long-term forecasts. Here is an extracted data from all of these 3 websites

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Price prediction for October 2018 (short-term)

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Price prediction for January 2021 (long-term)

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Today, on the date of reviewing the predictions, the Bitcoin price is $8,135. The short-term predictions are very similar, with LongForecast.com has lower expectations than the other two sources. Long-term predictions differ significantly more, especially the one made by TradingBeasts.com which are almost half as opposed to the two remaining portals.

Dash is today at $237 and just like with Bitcoin, the most pessimistic prognoses are made by LongForecast.com which expects a drop in the price on a short-term scale. Long-term anticipations are especially bright at walletinvestor.com, which predicts a price double that of the two other websites.

The last forecast is for ARK, the 75^th biggest coin by market cap. As was already mentioned LongForecast.com has only predictions of the 15 most popular coins so there is nothing to compare for us. Unfortunately, even walletinvestor.com has price prognostications only until December 2018 so we can compare only its short-term forecasts. The current ARK price is $1.23. The prediction made by walletinvestor.com has quite a big spread and the price should allegedly range from 0.8048-4.704. The predictions made by TradingBeasts.com are very similar, only the minimum price is not that low. The long-term prediction offered only by one from these sites is 8.11-11.93.

Conclusion – Top 3 cryptocurrency price predictions sites

The proper conclusion to this article will have to wait several years; though we’ll find out short-term results in just a few months. With that though, it’s hard to credit any one site as the best predictor without more data; and even a site that could predict the price of BTC correctly could totally miss with DASH or another coin.

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We’ll close with a the quotation from TradingBeasts.com: “No one can predict prices of cryptocurrencies with total certainty, thus it is crucial to understand that the price predictions serve merely as a suggestion of possible price development and are not intended to be used as investment advice.”