Bitcoin has barely inched closer to the $300 mark for the past month, yet it dipped near $210 over the weekend. Registering another significant fluctuation on the price chart, the digital currency continues to show signs of struggle in recovering from the decline beginning this year.
While this still rings alarm for the majority of bitcoiners in the business, the same cannot be said on the Bitcoin casino market, where even the biggest Bitcoin price fall can become an advantage for the players.
In simple words, the lower the Bitcoin value is, the larger the bankroll will be since bettors can buy more BTC for the same price in US dollars or euros. However, having a heftier bankroll is not the main star here. Instead, it is the attractive bonuses and promotions that can be availed with just a smaller sum of deposits and wagers.
As of writing, 1 BTC costs about $230 on some Bitcoin exchanges like Bitstamp and Bitfinex. This means that Bitcoin casino players who choose to deposit this amount would have already saved a few hundreds had they deposited 1 BTC in December 2013, during which the digital currency traded roughly $1,200 apiece.
Some may argue that a win today would result to lower figures in real money, but keep in mind that winning is not exactly guaranteed in online gambling and in just about any form of gambling. Therefore, being able to ensure a bankroll enough for several betting sessions matters more. Likewise, the entertainment and excitement, plus the chance of actually catching Bitcoin wins and jackpots, come at a cheaper price.
Casino bonuses worth a few more dollars and euros less
The Bitcoin gambling industry cannot get any more thrilling with the hoard of promotions, events, and bonuses offered today. The top Bitcoin casinos like Bitstarz continue to roll out ways to keep the betting experience on a high note. Its Slot Wars promotion may already be ending in a couple of days, but it has definitely proved to be a success and may even return in the next months.
Moreover, Bitcoin poker sites are a great venue to maximize winning potential by catching their scheduled tournaments and freerolls. In fact, the recently launched BetVIP Poker even held consecutive tourneys and freerolls for its players—poker events that are perfect for the larger funds to wager.
Even the NoxWin Casino* Scarface slot promotion looks to be a good option because new players who will register and activate the account until May 1 will receive 15 free spins on the said game. Another 50 free spins will be credited to the account upon the first deposit, which is definitely an attractive deal for bettors making the most of the low Bitcoin price for online gambling.
Also worthy of mentioning is FortuneJack’s new Bitcoin dice with progressive jackpot. Boasting a simplified design and improved functionality, the game allows lucky players to go on a Fortune streak and win the jackpot. Eighty percent of the pot will be awarded if the bet is greater than or equal to 0.01 BTC. With a more affordable digital currency, it becomes easier to maximize the wins by placing larger bets on the dice.
Evidently, the Bitcoin gambling niche is one of the sectors that are directly hit by the sharp fluctuations in the Bitcoin price. However, unlike the others, it still manages to create a win-win situation despite the decreasing and increasing values.
NOTE: NoxWin Casino is yet to add Bitcoin to their list of accepted payment methods.