Smart Bookies Start Their Online PPH Sportsbook Using Cryptocurrency
The most popular cryptocurrency and the one that everyone knows about is Bitcoin.
The reason why these currencies are so popular is because essentially they are unregulated.
This means that any transactions are between addresses rather than personal details.
Bitcoin has become our favorite currency by far here at Premier Per Head. On top of that, it’s our favorite way of sending and receiving money.
When we speak with our new clients, we always tell them to seriously consider adopting Bitcoin. Not just use it but use it as their primary method of receiving payments from their customers.
Many have now become all crypto based bitcoin sportsbooks.
Run A Smart Bookie Business
When you run a smart bookie business using Premier pay per head software, the only thing you need to worry about is collecting payments from customers. Also, paying out winnings of course.
Everything else is taken care of. Although everyone hasn’t adopted Bitcoin payments yet, it’s certainly going to be more prevalent in the coming years.
That said, Bitcoin and other crypto currencies are extremely volatile currently. Understanding the bitcoin price chart is vital as a pay per head operator to know what to do at any one point in time with your balance of crypto currency.
If you click on the link above, you’ll see the official Bitcoin price chart where you can see the prices over the last few years.
Ultimately, you’ll be able to see quite clearly there are extreme highs and extreme lows.
What To Do With Your Bitcoin And Using Cryptocurrency Properly
First thing you need to do is decide why you are using Bitcoin.
By this we mean many of our customers run their pay per head bookies as a side venture and any profits go back as an investment. Ultimately, they will put a lot of their profits into Bitcoin cold storage.
Storage for the Bitcoin is not like a bank where you get interest paid on a balance.
The market is very volatile and many believe that the current Bitcoin (BTC) price of $6100 could rise eventually to over $100,000 per coin.
Ultimately, It’s A Currency. Use It Wisely You Wise Guy
Of course Bitcoin is officially a currency so there is the risk that the price of the coin could go down further.
If that were the case, a long-term investment would not be the best thing to do with your Bitcoin.
Again this is a gamble that you take however there is lots of expert crypto currency advice to be had on the long-term value of Bitcoin.
For those of you that don’t want to invest the money long term you could sell your Bitcoin’s cash through services such as Localbitcoins.
This is a website where people will purchase your bitcoins for cash in your local currency.
Yes. You Have Some Wiggle Room To Trade It Quickly
The other option is also to consider trading your Bitcoin for other digital currencies (there are over 1600 different crypto currencies).
The idea is that you can buy certain digital currencies when there are a low point and beliefs to rise and massive profits can be made.
However, we are not currency traders here so we cannot give advice on what you should or shouldn’t do.
We do recommend taking a look at Binance which is a currency trading platform and join various Facebook groups where traders and investors alike share their thoughts.
In The End, Cryptocurrency Works In Your Favor
There is no denying that Bitcoin and other crypto currencies are going to be the future for online payments due to the ease of use and security. We strongly recommend that as an online bookmaker you seriously consider adopting crypto as a form of payment from your customers.
We’re your Ace Per Head Solution. You don’t need an Ace, you need the King to show you how it’s done!