The original concept of this altcoin is a lot like Dogecoin gambling itself. It began as a bit of a joke, but the capitalization of Doge is no laughing matter. With a market cap soaring above a billion US dollars in early 2018, this is one serious cryptocurrency.
Despite coming about as recently as 2013, the Doge meme is an Internet classic, one that shows a fluffy Shiba Inu breed of dog looking prim and proper, who makes it clear that they don’t want to be touched by way of using cutesy English.
It was the meme that inspired this altcoin. The rest, as they say, is history.
By combining some good humor with strong initial value, Dogecoin rose quickly in the cryptocurrency ranks. And today, it’s a semi-major and extremely affordable option in the altcoin space.
What is Dogecoin Gambling?
Dogecoin gambling is the practice of risking a certain amount of this altcoin in the hopes of winning more of it. For example, if you played online Blackjack, wagered 500 Dogecoins, and won a standard hand, your wager would be doubled.
But it’s not like you can walk into a brick-and-mortar casino on the Las Vegas Strip with a hard drive of Dogecoin and head to the Roulette table. Instead, Doge betting stays true to the digital currency, where you can only bet with it at a crypto casino like Bet-Sinclair.
If you’re new to the online gaming niche, you’ve missed a lot. Since its inception in the early 1990s with the release of Microgaming, it has since become a worldwide industry, where third-party oversight, auditing, and regulation has made safe and secure gambling the most exciting and convenient it has ever been, and it’s only gotten better every year.
Gambling on Cryptocurrency
What’s really notable about the online casino as it relates to cryptocurrency is the use of altcoins as an investment measure to begin with. Since they are inherently a high-risk, high-reward gamble in and of themselves, their most common real-world usage has been gambling. Considering you can find 30+ BTC Jackpots and smart gambling means never betting more than you can afford to lose, the risk isn’t nearly as high as the reward as long as you practice Responsible Gaming.
Betting with Dogecoin
So now you know what Dogecoin gambling is, but let’s get even more specific. Since the games are all housed digitally, you’ll find an absolutely huge number of options (guaranteeing that you’ll be able to find at least a few that you’ll love.)
In fact, one of the most popular games here at Bet-Sinclair is Dogecoin Dice. The second most popular Dogecoin betting options? Slot machines, many of which have enormous fixed jackpots, not to mention ridiculously high progressive jackpots.
The World of Dogecoin Outside of the Casino
Before you can try your luck on Dogecoin Dice, you need to get some of this altcoin first. Do this by simply heading to an applicable cryptocurrency exchange that trades Dogecoin, like Bitquick.co, which was the first trading resource to offer this option.
Exchanging Dogecoin into Cash?
As long as there are buyers, you can sell any cryptocurrency, which means that they can all be turned into cash. While their most loyal users believe in their usage as a form of currency rather than an investment tool, but we always appreciate a good get-richer-quicker mentality. Whether it’s a HODL strategy or you’re triple your investment in a casino, the possibilities are endless as long as you stick to secure and trustworthy sites.
Becoming a Dogecoin Miner?
Dogecoin is still very much mineable, and with 5 billion being mined yearly, if you know what you’re doing, you could garner some Dogecoin like it’s the California Gold Rush. Since its proof-of-work scheme is scrypt, mining isn’t nearly as difficult as it is for Bitcoin, either. But even accessible mining is for the more novice consumer, so we suggest investing in the time to go in-depth with it if you’re interested in panning for Doge.
So What Should I Do First?
If you made it this far, chances are that your tail is wagging and you’re ready to sniff out some Dogecoin of your own. Head to the exchanges, dive into the Reddit boards, give Bet-Sinclair a scroll-through, and make sure you and your financial situation are on the same page in terms of what you can afford to invest. The rest is boundless potential, endless fun, and the funniest cryptocurrency money can buy, and gambling can win.
Get a head start today! First deposits at Bet-Sinclair are met with a lot of free Doge!
Good luck, have fun, and may good fortune always find you!