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Gambling with crypto


These days, you can't ignore it: crypto. A digital currency traded on a crypto trading app. Many traders have already made profits on it, or even become very rich. On the contrary, others have lost a lot of money in the crypto world.


Is crypto gambling?


The definition of gambling is: 'Betting something of value, such as money, on the possible outcome of an uncertain event, such as a game, contest or event.' Crypto is bought and sold by different people who have one goal: to make a profit. Here, there is a difference in the people who have this goal in mind. One immerses himself in the crypto currency, looking at the competition and price movements. The other, however, buys in when he/she thinks the price is rising, making a profit. This is the difference between investing and gambling, which involves different risks.


The risks when gambling in crypto


When you blindly buy a cryptocurrency without immersing yourself in it, you are gambling. You are betting your money on the uncertain event of the crypto's price rising. In doing so, you are likely to lose money because it is a gamble. In addition, you can get addicted to the gambling element in crypto. You want to win money and will not give up until you have won enough money.


The risks when investing in crypto


When you invest in crypto, you read up and immerse yourself well in the currency. Because you have knowledge of the currency, its value is easier to predict. However, it remains unpredictable, so there is risk of losing money. Still, you are more likely to make money. As an investor, you don't win money because you don't bet on the opportunity. You make money because your investment made money.


The profit


A rule of thumb for making money is the greater the risk, the greater the profit. This is also the case with crypto. The risk of losing money is high, but so is the risk of making money. So with crypto trading, you can lose or make a lot of money. Important to know is when to buy a crypto currency. However, the right moment to buy is hard to figure out, you only know when you sell. This is because at the time of selling, you will know whether you have made a profit or a loss.


Which crypto currency


There are a huge number of different crypto currencies on the market. One is not the other, so reading up is very wise. One crypto currency has a particular purpose in mind, like Bitcoin or Ripple. The other is just a 'memecoin', a cryptocurrency that is in the market for fun. Examples include Dogecoin and Shiba Inu.


The risk of crypto is that you can lose money, but this has to do with whether you are investing or gambling. Reading up is wise so you can make a good prediction.


FashionTV? At Holland Casino's online casino? It may sound strange but it doesn't have much to do with fashion. In fact, FashionTV is an online software provider specialising in producing https://casino-market.com/en/providers casino games such as live casino, scratch cards and Bingo.


FashionTV has its origins in creating content about fashion. After growing big with this, it eventually made the switch to developing casino content. Now Holland Casino online has announced a partnership with FashionTV to expand the range of casino games on the website.


FashionTV is not alone, as it works closely with other well-known game providers in the casino world. Among others, it has collaborations with Evolution and Playtech. Both specialise in offering live casino games.


Over the years, FasionTV has built up a huge range of casino games. As a result, you can go for almost anything as an online casino. From Poker, scratch cards, casino slots, bingo, sports betting to roulette and lotto. This has also made it a popular company among online casinos.


FashionTV is not the only casino provider to offer its content through Holland Casino. It works with iSoftBet, Microgaming, Greentbe and Play´n´Go, among others. Popular slots like Gates of Olympus can therefore be played at Holland Casino online.


About Holland Casino Online


Holland Casino was one of the first online casinos to enter the Dutch market via a legal gaming licence from the Ksa in October 2021. Since then, government-owned Holland Casino has been one of the market leaders in the Netherlands when it comes to online gambling.


In terms of land-based casinos, it is of course the market leader in the Netherlands and Holland Casino is the only casino where casino games with dealers (Roulette & Blackjack) may be offered.


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