Is the rise of online gambling a bubble?

[Zed0X]

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.

[Aanuoluwatofunmi]

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.

[target]

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.

[mu_enrico]

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.

[Agbe]

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

[pieppiep]

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.

[LUCKMCFLY]

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.