Bitcoin Halving Not the Big Bang Sports Bettors Hoped For

There was no "big bang" like some online sports bettors expected.

Essentially bitcoin miners now receive half the reward (12.5 BTC) for the creation of new bitcoin blocks.

There was rampant speculation leading up to the date of halving that there would be huge upswings or downswings to the price of bitcoin. Many such discussions took place at the bitcoin sports betting forum.

If bitcoin would have skyrocketed up to $800, an online sports gambler who had a $10,000 bankroll would have cleared at least $2,000 in profit simply by owning bitcoin. This would only be the case if a bettor's balance were held at a bitcoin exclusive sportsbook such as Nitrogen Sports or with a bitcoin wallet.

Online sports bettors can shop for a list of 48 sportsbooks offering bitcoin using the sportsbooks rating guide. Bettors can filter by sportsbooks that convert bitcoin to native currency or keep deposits in BTC.

The below chart shows the previous month of bitcoin price fluctuations. The data is powered by CoinDesk.com.

Date Close Price
7/16/2016 661.2
7/15/2016 664.88
7/14/2016 659.64
7/13/2016 653.93
7/12/2016 664.84
7/11/2016 649.03
7/10/2016 649.96
7/9/2016 650.63
7/8/2016 664.74
7/7/2016 639.76
7/6/2016 676.11
7/5/2016 668.09
7/4/2016 681.63
7/3/2016 659.69
7/2/2016 703.69
7/1/2016 676.52
6/30/2016 672.48
6/29/2016 639.08
6/28/2016 646.3
6/27/2016 658.4
6/26/2016 630.25
6/25/2016 665.33
6/24/2016 665.16
6/23/2016 625.49
6/22/2016 602.89
6/21/2016 665.88
6/20/2016 727.95
6/19/2016 764.04
6/18/2016 755.68
6/17/2016 747.55
6/16/2016 768.24

 
 

 


 

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