If you turn on any financial channel you’re likely to hear about bitcoin. The opinions are varied with some financial experts calling bitcoin a bubble and a foolish investment and at the same time others are calling for higher prices given its recent all time high reached this week. No matter what your outlook is, the only thing that seems to be certain is intense volatility as the bulls and bears fight it out in an epic battle of fortunes. In fact, the price of bitcoin is so volatile that personally I will often go long and short in the same day, sometimes even two or three times which is something that’s near impossible to do in the stock market. I currently have short positions and am anticipating for bitcoin to retest the $5,000 level with a lot of volatility in the meantime as traders buy and sell.
With conflicting statements coming from Wall Street its an interesting market to decipher. Recently on the topic of Bitcoin Jamie Dimon, CEO of JP Morgan Chase, said that if people are “stupid enough to buy it” that they will pay the price one day. Weeks before that Mr. Dimon called bitcoin a “fraud”. These statements have caused quite a bit of controversy and there is no shortage of opinion articles about them.
Meanwhile, other experts such as Lloyd Blankfein, CEO of Goldman Sachs, says he has not yet made up his mind about bitcoin and the company is considering their options regarding bitcoin. It will be interesting to see if anything develops further with this story.
So how does all of this affect blackjack players one might ask? It only does if you’re an online casino player that likes to play at casinos making deposits and withdrawals with bitcoins. In recent years there have been a growing number of online bitcoin casinos meeting player demand to accept bitcoin deposits. So if you like to play blackjack with bitcoins, or any other casino game for that matter, you need to be aware of the volatile price swings because the value of a bitcoin today very likely will be different than the value of one tomorrow.
I have often been intrigued about the idea of playing online blackjack with bitcoin and how a big run could add up nicely but I have yet to try it out. If you are looking for a quality bitcoin casino to play blackjack and other casino games for real bitcoins then you will first need to read some reviews of casinos accepting bitcoins before deciding where to play. I have built another website specifically for this topic. At BitcoinCasinoReviews.net you will find reviews of bitcoin casinos and other information on bitcoin welcome bonuses, software reviews, game details and more. This is a newer site so the reviews are limited to just a few casinos for the moment but we’ll be adding more casino reviews as we find more bitcoin casinos worth recommending as we continue development of the site.
Bitcoin is currently bouncing around the $5,550 level. Stay tuned closely if you’re a cryptocurrency trader or holder as the price swings will cause for some exciting action in the coming weeks.