7 Tips & Tricks Online Bookies Needs To Know About Bitcoin & Cryptocurrency

Mar 30, 2018 | BookieU

Are you one of those pay per head agents that still has reservations about bitcoin and cryptocurrency?

Check out 7 tips and tricks that all bookies must know about bitcoin and cryptocurrency.

#1 – Consumers use Bitcoin to buy stuff

Consumers use Bitcoin to buy stuff. It’s important that bookies understand this.

Why?

Because if consumers go onto Overstock.com, Expedia, New Egg, and Dish to purchase services and products with Bitcoin, it means that cryptocurrencies as a whole are on their way to becoming mainstream.

That’s good for online bookies.

#2 Cryptocurrency investors bid on government-seized Bitcoins

The reason the federal government hasn’t started regulating cryptocurrencies yet is that every time they shut down a major illegal operation using Bitcoins, they make a killing auctioning off the Bitcoins.

That’s something to keep in mind if you’re worried about government regulation. It most likely won’t happen for a long, long time—if at all.

#3 Hackers stole $460 million worth of Bitcoin

In 2014, Hackers stole $460 million worth of bitcoin from a Japanese exchange, Mt. Gox. That worried a lot of Bitcoin investors.

How safe, exactly, is Bitcoin? It’s very safe.

The Mt. Gox incident happened on an exchange, not in a peer-to-peer transaction.

Store your Bitcoins on your own digital wallet and then back them up for cold storage. That’s all per head agents must do.

#4Fidelity allows clients to view Bitcoin holdings on Coinbase

This is a huge deal.

The reason is that Fidelity is one of the top, most well-respected, investment companies in the world.

By allowing their customers to view their Bitcoin balances, Fidelity is saying they accept that Bitcoin and other cryptocurrencies are viable for transactions.

H2>#5 Bitcoin Cash was developed

Bitcoin cash came about to make Bitcoin transactions faster. All online bookie agents should see the good news in that!

#6 CBOE allowed trading Bitcoin starting in December 2017

This has already stabilized the price of Bitcoin.

The price of Bitcoin was around $7,000 to $8,000 until a huge spike in the latter half of 2017. Bitcoin now trades at around $7,000 to $8,000.

The more stable Bitcoin is for online bookie agents, the better it is for online bookie agents.

#7 Mining most cryptocurrencies costs money

The electrical costs are astronomical, which is another reason why the price for a single Bitcoin, as an example, is over $7,000.

That’s why there’s a good chance that the only real cryptocurrency winners are Bitcoin and Ethereum.

There’s also a chance that Bitcoin and Ethereum become more mainstream as more mining takes place.

Don’t forget, PayPerHead.com offers the best deals with cryptocurrency because it’s important for online bookie agents.

If you’re an agent who’s still not using bitcoin or other cryptocurrencies, you should make the seitch

Find out all the advantages of cryptocurrency, and how to get 5% cashback on your initial cryptocurrency deposit.