Is bitcoin here to stay? The answer to the question is anyone’s guess, as the fluctuating bitcoin market is often controversial, inconsistent, and peculiar. What makes the famous cryptocurrency so inconsistent in its current value?
This is a question that intrigues the online slot machine website, Vera John. Vera John recently came forward to say that they will accept bitcoin for play. This will allow any bitcoin owners in the country to put the coins they have accumulated to good use. This is a really interesting part, because few web resources are allowing for purchases with the cryptocurrency.
There’s still a long way to go for bitcoin. But it has come so far and has moved well beyond all the other competitive options out there. Governments are restricting the trading of it on a global level. Certain banking institutions have completely banned it from use. The overwhelming and vast majority of websites want nothing to do with it, or at the very least are remaining quiet about their opinion of it. It seems that everyone is in the waiting stage. No one knows if this thing is going to take off, so everyone is seeing who wants to jump on board first.
Fortunately, daring companies such as Vera John have taken on the challenge. But they have done so in a logical way. They will not be holding bitcoin themselves. The transaction will happen live. So for example, when a user buys in with their coins, they are instantly converted on the backend into a more viable and potentially tangible currency. This leaves the Satoshi Slot associated Vera John less vulnerable to the ebb and flow of bitcoin and its current all over the place valuation.
Yet this does not mean that it is just a small decision. Any company embracing bitcoin at this point is making a daring and potentially risky move. Even with these hedges in place, bitcoin is to unconventional and inconsistent to hold its own in the long term. Before anything happens with the the coin at a higher level, it needs to determine exactly what it wants to be. And the only ones who can determine that is the community using it.