The Current Value of BitcoinThey’ve also been worth considerably less, as you could buy 5,000 Bitcoins in 2009 for just $27. In fact, as an investment vehicle, Bitcoins are more volatile than just about anything else. As such, it’s not an ideal investment vehicle. If you’re speculating, you should put only a small percentage of your overall bankroll into the currency as an investment.
What do you mean by volatile? We mean that its value can go up and down dramatically and seemingly randomly. How volatile? Consider this. In 2009, the price of a Bitcoin fell 50%–overnight. When using Bitcoins to make deposits and withdrawals at online gambling sites, the fluctuations in price can provide an additional layer of action to your gambling. Deciding when to convert Bitcoins into another currency is a gamble all by itself.It’s hard to believe it’s only been three years since the first Bitcoin Casino was licensed. BitCasino.io entered the online gaming market in 2014, and the community was, of course, ready for it. In its first three months of operation, this new casino concept garnered 7,000 players betting more than 3,000 BTC combined or a value of $1,400,000 at the time. Not only was this casino a first in the market, but a first to integrate the incredibly popular Microgaming catalog into the mix. It evolved quickly, though, and it and many other dedicated Bitcoin casinos include gaming versions courtesy of Evolution, OneTouch, Asia Gaming, NetEnt, Pragmatic Play, Gameart, Explosive, Ezugi, Isoftbet, Betsoft, Quickspin, booming Games, Play ‘n Go, BetGames, and Endorphina.