Altcoins Talks - Cryptocurrency Forum
Wider Crypto World => Gambling & Crypto Casinos => Gambling discussion => Topic started by: mu_enrico on November 20, 2024, 08:23:58 PM
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I randomly stumbled upon this discussion about the rise of online gambling, including crypto casinos, actually being a bubble. Meaning that people now engaging in online gambling, whether slots, live games, sports, or whatever, is only temporary and destined to bust. Do you think it's true? If yes, what makes it bust? Do people get bored, or do they all go broke? Not sure what the reason is, lol.
In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
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Like I know online gambling has now become the easiest form of gambling with ease, and the crypto casinos make its easier for us to gamble with ease even without having to go through casino house or betting shops such as local casino/gambling site. Of course with the use of crypto currency today, it has really reshaped the way of gambling and enhance and also increased the rate at which people's gambles online.
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The fact that its a multibillion dollar industry, the fact that many new casinos are coming, and these old online casinos are spending fortunes just to brand themselves, doesn't make online gambling a bubble; in fact, this will stay on as long as man's quest for a challenge to make money is there and as long as its treated as both an entertainment portal and a chance to make money.
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Gambling is a bubble when viewed from an individual perspective because people gamble on a personal level. People begin gambling and eventually stop for a variety of reasons, which determine how long they gamble. When they are not able to realize their reason for gambling, they are more likely to stop gambling, but there are always gamblers patronizing the casino, making it extremely difficult for a casino to close. Casinos are constantly milking gamblers, so the number of casinos is increasing rather than decreasing. Thus, from the angle of the casino gambling is not a bubble.
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Online gambling can not be a bubble because it has given rise to billions of dollars as new companies are coming into it to make money and give us the fun of gambling more interesting games.
Does it look like gambling will burst soon after being phenomenal for years in having increased accessibility, diversity of games, and so many promotions to attract new gamblers and retain the old ones? However, gambling has existed for years, so it will be hard for someone to take gambling as a bubble because it has proven to be a legit means to earn money quickly
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In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
I don’t think it is a bubble, it is a trend that will continue for a very long time until s new type of gambling takes over. With the benefit that online gambling brings, it will be very difficult to ignore. The ease that comes with online gambling is very unreplaceeable because of the love for ease.
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I don't really see online gambling platforms as bubbles because i believe things in this world needs to evolve, which in most cases, has to do with moving from physical to online. Besides, there are millions of gamblers that prefers gambling from the comfort of their home. If it's possible to gamble on legit slot games and other available casino games via the internet, then who needs to walk down to a casino.
But my only problem with this online casinos is the authenticity of some of their games, because i believe that some online casinos might probably want to take advantage thereby manipulating some of these online games.
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I randomly stumbled upon this discussion about the rise of online gambling, including crypto casinos, actually being a bubble. Meaning that people now engaging in online gambling, whether slots, live games, sports, or whatever, is only temporary and destined to bust. Do you think it's true? If yes, what makes it bust? Do people get bored, or do they all go broke? Not sure what the reason is, lol.
Things go bust when there are no more users, or profits are no longer enough to sustain business while in case of crypto casinos — since plenty of them keep popping up, it must be a profitable business and there is no lack of gamblers either.
..and as matter of fact, these crypto casinos also pay thousands of dollars each week to signature campaign participants.
But yes, crypto as a whole is often called a bubble, if it so (is it?), crypto casinos would be, of course, a no exception.
In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
I don't know what these 4 stages are but in mentioned two, I will go with growth stage. If you asked same question, a decade early, then I would have went with 'early growth ' stage.
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I don't really see online gambling platforms as bubbles because i believe things in this world needs to evolve, which in most cases, has to do with moving from physical to online. Besides, there are millions of gamblers that prefers gambling from the comfort of their home. If it's possible to gamble on legit slot games and other available casino games via the internet, then who needs to walk down to a casino.
But my only problem with this online casinos is the authenticity of some of their games, because i believe that some online casinos might probably want to take advantage thereby manipulating some of these online games.
Yeah, things will evolve, from physical to online casino but there are pros and cons to both and just let the users choose on what platform he will use. In our country where there is a surge in online gambling, many individuals are complaining that there families were in trouble because members of their family were hooked up in this activity as it is now very convenient to gamble online.
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i do not think online gambling is temporary at all it is just new technology i am having a hard time figuring out why would the industry go broke? its a casino but online there is nothing that should be temporary about that maybe some platforms may have a shell life but not the entire industry a specific crypto casino may have the potential to not be successful but not online gambling as a whole
why would people turn their backs against online gambling when everything we can do now is through online? would people suddenly want to go to live casinos when it is much easier and convenient for people to just gamble online?
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i do not think online gambling is temporary at all it is just new technology i am having a hard time figuring out why would the industry go broke? its a casino but online there is nothing that should be temporary about that maybe some platforms may have a shell life but not the entire industry a specific crypto casino may have the potential to not be successful but not online gambling as a whole
why would people turn their backs against online gambling when everything we can do now is through online? would people suddenly want to go to live casinos when it is much easier and convenient for people to just gamble online?
Come to think even into those past years without having that crypto gambling takes place or had existed on which its quite obvious or evident that gambling industry is really that making up that
gradual increase in terms of revenue year by year. Just like on what you have said that i dont really see up the reason on why its really just that a bubble?
Why would really be thinking up on having that kind of bubble thing on gambling? It wont really be that seeing that demand if it was really that going down.
I dont know on where these assumptions od really came from.
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i do not think online gambling is temporary at all it is just new technology i am having a hard time figuring out why would the industry go broke? its a casino but online there is nothing that should be temporary about that maybe some platforms may have a shell life but not the entire industry a specific crypto casino may have the potential to not be successful but not online gambling as a whole
why would people turn their backs against online gambling when everything we can do now is through online? would people suddenly want to go to live casinos when it is much easier and convenient for people to just gamble online?
Come to think even into those past years without having that crypto gambling takes place or had existed on which its quite obvious or evident that gambling industry is really that making up that
gradual increase in terms of revenue year by year. Just like on what you have said that i dont really see up the reason on why its really just that a bubble?
Why would really be thinking up on having that kind of bubble thing on gambling? It wont really be that seeing that demand if it was really that going down.
I dont know on where these assumptions od really came from.
Indeed, it appears that the gambling category, including crypto-based types, is constantly expanding because of customer interest and flexibility. If we see the patterns which have emerged with digital currencies, it is quite understandable why more industries will be developed because everything related to transactions to gambling becomes easier with crypto. This industry can remain sustained as long as there is constant innovation and increasing users of its identity-related products.
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In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
not a bubble but a trend where online gambling makes the business area of rich people as money laundering, instead of gambling, it turns out there is a purpose behind it
online gambling cannot be avoided at this time where this is a billion dollar business and is easily adopted by every gambler with cellphone capital, internet and money they don't need to come to the location to play gambling without leaving the house when it's time to go home they can still gather with family, but with this situation the level of addiction will increase for its users
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In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
not a bubble but a trend where online gambling makes the business area of rich people as money laundering, instead of gambling, it turns out there is a purpose behind it
online gambling cannot be avoided at this time where this is a billion dollar business and is easily adopted by every gambler with cellphone capital, internet and money they don't need to come to the location to play gambling without leaving the house when it's time to go home they can still gather with family, but with this situation the level of addiction will increase for its users
It is undeniable that gambling is a very tempting business, the turnover is very large and it is indeed profitable for people who have this business.
The ease of accessing gambling seems no longer surprising, especially now is an era of convenience that can easily access anything, including gambling. I also agree that the level of addiction will enter its users faster.
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What can make it bust is if the government cooperates with the casinos and identify gamblers with their KYC data and prevent them these gamblers from downloading casino apps or accessing casino websites.
The rise of casinos is true. If you have been downloading movies from the internet then you would have noticed the encoded URLs where the casinos are promoting. The completion of casinos are everywhere even in crypto.
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I randomly stumbled upon this discussion about the rise of online gambling, including crypto casinos, actually being a bubble. Meaning that people now engaging in online gambling, whether slots, live games, sports, or whatever, is only temporary and destined to bust. Do you think it's true? If yes, what makes it bust? Do people get bored, or do they all go broke? Not sure what the reason is, lol.
In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
Online gambling is currently the highest place that many people go and do their gambling activities because unlike the traditional offline shoppes where there's allot of crowd and disturbance including waiting for your turn to stake on your game the online is more easier and user friendly and you don't get to experience any disturbance from anyone so that's the more reason allot of people are going online with their with gambling activities and these online casinos are really making serious money from online betting now as more people are getting more awareness about betting online
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In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
not a bubble but a trend where online gambling makes the business area of rich people as money laundering, instead of gambling, it turns out there is a purpose behind it
online gambling cannot be avoided at this time where this is a billion dollar business and is easily adopted by every gambler with cellphone capital, internet and money they don't need to come to the location to play gambling without leaving the house when it's time to go home they can still gather with family, but with this situation the level of addiction will increase for its users
It is true that it is no longer at the stage where anyone can stop online gambling platforms if they wish. This is no longer possible at the present time. The rich have been able to understand that there is no alternative to earning money in an easier way. Once this business can be established, there can be no better source of income than this. It is a well-known platform for getting high profits in a short time. Since the rich play the most important role to lead a country, they will never want this platform to disappear in any way and the situation is the same everywhere in the world. That is why the development of these platforms is inevitable.
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i don't even understand that 4 product cycle but for the rise of online gambling, i think its going to be permanent rise because of the available technology. if anyone from the internet could use social media, anyone could also use the online casinos. users playing on casinos are getting younger and younger so i wouldn't be surprise if we see a kid wining a jackpot and then not able to cashout.
what could stop the rise of online gambling is the government banning and blocking online casinos.
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That's an interesting take! I don't think the rise of online gambling, including crypto casinos, is necessarily a bubble, but more of an evolving trend. As you mentioned, it could be part of the product life cycle, with different stages depending on market maturity and user adoption.
The real issue isn't necessarily that people will get bored or go broke, but rather that traditional online gambling models are limited and often come with extreme risks. The volatility of crypto casinos can amplify these risks, and that could discourage long-term participation.
What makes platforms like Betron Markets stand out is that they take a unique approach to betting and prediction markets, where no one wins it all or loses it all. This model balances the thrill of betting with fairness and sustainability, providing users with a more engaging experience over time.
So, I wouldn't say it's a bubble—it's more about how platforms evolve and offer new ways for people to engage with betting in a more balanced, long-term way. It’s all about creating fair, enjoyable experiences that reduce the risks typically associated with gambling.
If you’re looking for something different, Betron Markets could be the next step! 🚀
👉 app.betron.io
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I don't know what these 4 stages are but in mentioned two, I will go with growth stage. If you asked same question, a decade early, then I would have went with 'early growth ' stage.
i don't even understand that 4 product cycle
This one
(https://ricsmedia.b-cdn.net/BTT/Product_life_cycle.jpg)
That's an interesting take! I don't think the rise of online gambling, including crypto casinos, is necessarily a bubble, but more of an evolving trend. As you mentioned, it could be part of the product life cycle, with different stages depending on market maturity and user adoption.
The real issue isn't necessarily that people will get bored or go broke, but rather that traditional online gambling models are limited and often come with extreme risks. The volatility of crypto casinos can amplify these risks, and that could discourage long-term participation.
You actually gave quite good insight mate, minus your marketing of course lol
Just put your link in the signature area and discuss the topic like usual so it will be less cringy.
Thanks for your participation btw :)
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A total ban on online gambling can make it a bubble that burst but we all know that this isn't happening not unless it is strictly prohibited in a specific country just like in muslim countries which totally ban it and I actually like that idea but unfortunately I am in a country that does not ban gambling but instead regulate it and yeah gambling is everywhere right now even on your personal mobile phone number, email, social media, television, billboard you name it and the thing is the bubble won't pop here because it's legally operating and government don't care whether everybody get addicted to it or you became broke because of it.
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I don't know what these 4 stages are but in mentioned two, I will go with growth stage. If you asked same question, a decade early, then I would have went with 'early growth ' stage.
i don't even understand that 4 product cycle
This one
(https://ricsmedia.b-cdn.net/BTT/Product_life_cycle.jpg)
That's an interesting take! I don't think the rise of online gambling, including crypto casinos, is necessarily a bubble, but more of an evolving trend. As you mentioned, it could be part of the product life cycle, with different stages depending on market maturity and user adoption.
The real issue isn't necessarily that people will get bored or go broke, but rather that traditional online gambling models are limited and often come with extreme risks. The volatility of crypto casinos can amplify these risks, and that could discourage long-term participation.
You actually gave quite good insight mate, minus your marketing of course lol
Just put your link in the signature area and discuss the topic like usual so it will be less cringy.
Thanks for your participation btw :)
oh that. i'm not sure if the popularity is declining. gambling has been around since time, the off line casinos probably are declining but the online casinos i think we are still climbing. there are platforms that has been developed in a very innovative way.
as of now, only percentage of people are into online gambling. we haven't hit the peak of this online gambling yet. these online casinos doesn't even have mobiles apps yet to which if they have, its easier for the digital wallets to connect.
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I don't know what these 4 stages are but in mentioned two, I will go with growth stage. If you asked same question, a decade early, then I would have went with 'early growth ' stage.
i don't even understand that 4 product cycle
This one
(https://ricsmedia.b-cdn.net/BTT/Product_life_cycle.jpg)
That's an interesting take! I don't think the rise of online gambling, including crypto casinos, is necessarily a bubble, but more of an evolving trend. As you mentioned, it could be part of the product life cycle, with different stages depending on market maturity and user adoption.
The real issue isn't necessarily that people will get bored or go broke, but rather that traditional online gambling models are limited and often come with extreme risks. The volatility of crypto casinos can amplify these risks, and that could discourage long-term participation.
You actually gave quite good insight mate, minus your marketing of course lol
Just put your link in the signature area and discuss the topic like usual so it will be less cringy.
Thanks for your participation btw :)
oh that. i'm not sure if the popularity is declining. gambling has been around since time, the off line casinos probably are declining but the online casinos i think we are still climbing. there are platforms that has been developed in a very innovative way.
as of now, only percentage of people are into online gambling. we haven't hit the peak of this online gambling yet. these online casinos doesn't even have mobiles apps yet to which if they have, its easier for the digital wallets to connect.
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Yeah, things will evolve, from physical to online casino but there are pros and cons to both and just let the users choose on what platform he will use. In our country where there is a surge in online gambling, many individuals are complaining that there families were in trouble because members of their family were hooked up in this activity as it is now very convenient to gamble online.
Online or Offline, people who are addicted and can’t control their emotions when gambling will always suffer, not just them but also people who are around them. The problem isn’t really the nature of the casino, but the gamblers’ attitude towards gambling activities. A responsible gambler has absolutely no problem with whether the casino is easily accessible or if he’ll need to drive a few miles or walk a few blocks before he can access a physical casino. Even if the casino dozens of miles or kilometres away, the outcome of an irresponsible gambler would still be the same.
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In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
Online gambling casinos have been on the rise and this is due to the high number of participation in gambling and how to make things easier for people that are interested much in this. It comes with its high risk but those that keeps innovations them are just after their selfish gain and not what the repercussions of them will be. I never expected an online gambling casinos to be the easiest way to gamble, but they happen to appear more often than the usual, as imagined. Technology is now getting more advanced and the more advanced it gets, the more easier for them to leverage on this to boost their businesses too which has brought about increased number of casinos today online.
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Internet is the future so it can't be a bubble, the platform might evolve a lot according to the evolution of technology advancements but online casinos can't fade away. But the audience might leave and new set of audience will enter so this will keep the revenue cycle goes on but obviously like any other business this might have it's ups and downs due to many factors like policy changes or social causes.
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I wouldn't call online gambling just a bubble, but I would like to call it something more dangerous than bubble because a bubble blown up a little before it bursts. But gambling is such a thing that a little blown up won't give you time to chew bubble gum before you see that your funds are gone. And so when gambling, there is no other way to gamble responsibly, otherwise we may have to face something even more terrible than the bubble effect, so we should never gamble beyond our affordability.
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I wouldn't call online gambling just a bubble, but I would like to call it something more dangerous than bubble because a bubble blown up a little before it bursts. But gambling is such a thing that a little blown up won't give you time to chew bubble gum before you see that your funds are gone. And so when gambling, there is no other way to gamble responsibly, otherwise we may have to face something even more terrible than the bubble effect, so we should never gamble beyond our affordability.
Risks of online gambling may and often are difficult to control if we don't set clear boundaries. We will understand in the world of Information Technology that an online gambling scripts can be set to a percent of a winning up to 0.00001% of a winning. It also needs caution so that we don’t lose more than we should. It should be just one of the entertainment ones, not for one to earn a profit from. However, we can avoid negative side affects if we pay attention to the limits of our financial potential and to limit ourselves. Key to not letting this fall into a destructive situation in the future is to maintain balance.
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Online gambling isn’t a bubble; it’s just doing its thing. It’s still growing, especially with crypto casinos being a big deal. Later, it might slow down if people get bored or broke or laws get tighter.
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Risks of online gambling may and often are difficult to control if we don't set clear boundaries. We will understand in the world of Information Technology that an online gambling scripts can be set to a percent of a winning up to 0.00001% of a winning. It also needs caution so that we don’t lose more than we should. It should be just one of the entertainment ones, not for one to earn a profit from. However, we can avoid negative side affects if we pay attention to the limits of our financial potential and to limit ourselves. Key to not letting this fall into a destructive situation in the future is to maintain balance.
You also said a good thing here because I think if we don't have any specific limit on our gambling budget then in the future their will be issues like the big debt or the big losses we don't want to have that.
And we saw lots of this kind of example in the space of gambling like people make a responsible gambling and face huge loss and as well as make their life more difficult on the hand of debt.So there is nothing but why maintain the balance on gambling what we can afford to lose.
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It's actually kind of funny that someone would even thought of it as a bubble knowing full well that gambling itself has been around for so many years. It's really simple, the platform maybe new for crypto or fiat-based betting, but the concept is the same. The main difference is that it came closer to people. Government could try to control this through regulations but they couldn't stop it completely. Not a bust/bubble.
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We cannot assume or conclude because of the risk involve in gambling and say that its nothing than just an ordinary bubble, gambling is what makes some people happy, this is also what gives some people a source to livelihood, while some are making use of it to achieve one or two desiring inspiration and plans with the help of gambling in what they do, so we cannot say its a bubble like that, since its not being fake on us, but we choose to gamble under the understand of how its being enjoyed.
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We cannot assume or conclude because of the risk involve in gambling and say that its nothing than just an ordinary bubble, gambling is what makes some people happy, this is also what gives some people a source to livelihood, while some are making use of it to achieve one or two desiring inspiration and plans with the help of gambling in what they do, so we cannot say its a bubble like that, since its not being fake on us, but we choose to gamble under the understand of how its being enjoyed.
If there is a bubble then the bubble continues as the technology develops so when internet spreads, gambling still thrives. Because it's Blockchain industry, the gambling still exist.
Blockchain is just a decade and 4 years so this is just new and most probably gambling will still prosper more. Only a few casino uses the Blockchain though which are the decentralised casino where connecting wallets like mew is required.
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Government could try to control this through regulations but they couldn't stop it completely. Not a bust/bubble.
Yeah, I think so, they could try to ban or make online gambling illegal. But in reality, it will only make casinos move offshore and do black market things.
It's then more problematic since difficult to know which casino is legit and so on, but the customer will still be there despite all the risk.
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In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
The rise in online gambling including on crypto casinos is not far from the current economic crisis that most nation's the world is going through and personal I can't call it a bubble because just like what you have said about the four stages of the product cycle most people are currently in the stage of of just survival and they can do anything to survive including gambling because as it stands now gambling activities are now done online more than the betting shops on the streets but I think with time allot of people will see reasons to leave betting alone especially online casinos and games so don't call it a bubble
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In my opinion, it's not a bubble but would be more accurate to call it the 4 stages of the product life cycle thing. Are we now at the end of the growth stage or maybe early growth, or else? What do you think?
The rise in online gambling including on crypto casinos is not far from the current economic crisis that most nation's the world is going through and personal I can't call it a bubble because just like what you have said about the four stages of the product cycle most people are currently in the stage of of just survival and they can do anything to survive including gambling because as it stands now gambling activities are now done online more than the betting shops on the streets but I think with time allot of people will see reasons to leave betting alone especially online casinos and games so don't call it a bubble
There is a reason for people seeking a way to earn a lot of Money in short time, especially due to the economic crisis in many countries that forced some individuals seeking for the ways to win money, playing in the Internet. However, this represents the fact of the search for more serious and long-term solutions in addressing the paths finance problems. This kind of activities always present as opportunities that do no present equal measures of the consequences involved and in the end many will regret investing a lot of money gambling as seen here where no product is generated. If through adequate education as well as access to other non-violent practises that enable the individual to obtain better economic security for productivity, the people can maybe get a better process from these activities in the future.
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Well, it is not a bubble, it is not. If people do not want to see it as a bubble, that depends on them and how they want to see this type of activity. It is fine that money is at risk in the game, and it is delicate for that reason, but I think that things should not be seen that way. On the contrary, we should see the game as an activity to de-stress, spend some time differently and clear our minds, never as a work option or a way to make sure money. Anyone who sees it that way is wrong.
The fact that a person sees it as a bubble is because it may not be consistent with the game, but since the casino has existed all of life, it is not a bubble in itself, each person sees it as they want.