Gambling is one of the oldest pastimes that has evolved along with mankind. As humans continue to crave for the risk-reward rush, the simple guessing game that gambling was, is now technology-heavy. Offline gambling is now mostly confined to casinos at popular tourist destinations as more people flock to online casinos and gambling platforms that are dime-a-dozen.
The evergreen demand for gambling opportunities means companies offering products and services in this multi-billion-dollar industry continue to innovate by adopting the latest technologies. The introduction of Bitcoin over a decade ago and the adoption of cryptocurrency’s underlying blockchain technology in the gambling industry are milestone achievements that brought about a drastic change in how majority of enthusiasts gamble online. However, like all industries, there are bad apples in the online gambling sector too, making it particularly important to find the right platform where one can place bets and maybe even win a fortune.
BTCGOSU is a comprehensive Bitcoin Casino Guide that offers users independent assessment and reviews of crypto casino platforms, gambling games, ongoing promotional campaigns, along with the latest news updates and provably fair verifier tools. Created by a well-known BitcoinTalk.org user, BTCGOSU takes pride in being an unbiased and objective platform that puts the interests of the cryptocurrency gambling community on top of everything else.
The people behind BTCGOSU bring in over a decade of experience in the sector to act as the ideal watchdogs against fraudulent crypto gambling practices in the industry. In their words, “Rest assured we will never promote shady gambling website, and should any casino listed on BTCGOSU take the wrong route, we will be the first ones to fight for your right while of course stop promoting them.”
BTCGOSU derives its name from the Korean word “GOSU” commonly used in the context of e-gaming, which refers to veteran gamers. In essence, the people behind it as well as a significant portion of their userbase. For new gamers, it is a treasure trove with in-depth details of platforms and games that known to be fair and trustworthy.
Casino Reviews
The BTCGOSU team reviews hundreds of crypto casino platforms in various categories. The platforms are listed based on the features and ideal target audience. They are classified as
Anonymous Bitcoin Casinos
High Roller Bitcoin Casinos
Mobile Bitcoin Casinos
Provably Fair Casinos
Additionally, BTCGOSU also maintains a list of blacklisted casino platforms that are found to have indulged in fraudulent and unfair practices.
Bonuses
The online cryptocurrency casino market is crowded, and each platform wants to capture a bigger share than its neighbor. In order to do that, each casino runs its own promotional campaigns, predominantly comprised of various bonuses, followed by affiliate marketing and more.
BTCGOSU has turned itself into a one-stop spot for users to identify trusted platforms and all the different bonuses and other benefits offered by them. The various bonuses listed on the website include:
Cashback Bonus
Deposit Bonus
Exclusive Bonus
Free Spins
No Deposit Bonus
Referral Bonus
VIP Bonus
Welcome Bonus
A Long List of Games
BTCGOSU features an exhaustive list of popular online gambling games, offered on each of the platforms reviewed and published on the platform. Among this list includes numerous game titles across over 20 different game types like Baccarat, Bingo, Blackjack, Craps, Crash Games, Dice, HiLo Game, Keno, Live Dealer Games, Lottery, Minesweeper, Plinko, Poker, Roulette, Rummy, Scratch Cards, Sic Bo, Slots, Sports Betting, Table Games and Video Poker.
Apart from the game listing, BTCGOSU also provides a detailed review of gambling titles created by some of the leading developers, which are widely available on online casino and gambling platforms across the world.
Provably Fair Verifier
A very important tool in BTCGOSU’s arsenal, the Provably Fair Script Verifier is the biggest third-party utility in the market. Using it, players can verify the legitimacy of the bets placed on any of the supported platforms. Currently, BTCGOSU’s Provably Fair Script Verifier supports 27 casinos with 51 games and to verify the outcome of any bet, users will have to just enter the server seed, client seed and nonce into the tool.
Even though BTCGOSU doubles up as an affiliate website, it is transparent about the arrangement and also its commitment to safeguarding the community’s interests. The platform works only with reputable casinos and is prepared to take appropriate actions in case of any questionable activities by any of these casinos. Taking it a step further, it also offers has a Dispute Resolution and Mediation service that gives a voice to affected players who have failed to receive a satisfactory response from the casino operator. Furthermore, BTCGOSU also has a Deposit Guarantee option for those signing up on any online casino using affiliate links featured on the platform, offering them coverage of $500 in case of any disputes.
Overall, BTCGOSU strikes a fine balance between monetization and fair reviews as it serves as an industry watchdog that keeps most of the crypto casinos in line while keeping its community engaged with lots of giveaways, events, challenges and competitions. Meanwhile, people can stay up to date by checking the blog and joining the Telegram group.
On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x
According to Glassnode’s Bitcoin MVRV Z-Score indicator, Bitcoin is about to cross the red zone. The last time BTC saw this trend, it rallied two times more from its current price.
What is the Bitcoin MVRV Z-Score and why is this important?
The Bitcoin MVRV Z-Score indicator is typically used to measure whether an asset is undervalued or overvalued.
When this indicator reaches the top of the red zone shown below, it indicates that the market is likely overvalued.
Currently, the BitcoiN MVRV Z-Score indicator is about to enter the red zone. When it did in previous cycle, BTC rallied more than two-fold thereafter.
The Bitcoin MVRV Z-Score. Source: Glassnode
Researchers at Glassnode explains:
“The MVRV-Z Score is used to assess when an asset is overvalued or undervalued relative to its “fair value”, as underlined by the deviation between its market cap and realized cap. When market value is significantly higher than realized value, it has historically indicated a market top (red zone), while the opposite has indicated market bottoms (green zone).”
This trend occurs because during a bull cycle, Bitcoin becomes overbought. But, it often extends after reaching the overbought territory because fear of missing out (FOMO) resumes.
If BTC follows previous cycles, then the price of the dominant cryptocurrency could reach $100,000 by the year’s end, which is the price prediction of most prominent investors.
A pseudonymous trader known as “LilMoonLambo” wrote:
“$BTC crosses into red territory for the first time since December 2017 The first time we tested the red territory in 2017 we pumped another 2x. Could we see something similar again?”
What happens next?
In the short term, it is key for Bitcoin to remain above the $54,000 level which has turned into a support area.
The price of BTC dropped to $54,000 overnight, tapping a liquidity area. Its strong recovery from that region indicates that there is strong buyer demand in the market.
Stablecoin inflows are rising and the Coinbase premium has returned. The combination of these two factors signal that the Bitcoin bull trend is intact.
The price of Bitcoin. Source: BTCUSD on TradingView.com
When the premium disappeared, BTC saw pullbacks in the past month. As long as the premium remains high, which indicates U.S. buyers are accumulating, the bull trend would likely resume.
BTC is currently in price discovery, which means it is continuing to make new all-time highs. When it forms a top, then it is important that BTC defends the $54,000 level and $50,000 as key macro support areas.