Bitcoin Forum

You know in these days Bitcoin is going up.
So when bitcoin's price growing up than the users of bitcoins feel very exciting and
So i want ask when Bitcoin going good than have any affect on Gambling?
Is it Gambling also growing up?

if you understand tradig, for me can is gambling.
i use more bitcoin to sporting betting, but in my head i think "today i can spend 50 euro" and i spend all the bitcoin amount for 50 euro, if bitcoin up or down for me not is different in my bet

That's all mean, it doesn't matter, when ever bitcoin price, if Bitcoin going up or down.
Its mean bitcoin is depend on gambling but gambling is not depend on bitcoins.
We are playing gambling because we want to play it and we want to win the bitcoins but both are different ways bitcoin and gambling.

I feel gambling urge increases when prices fall, because people try and recover their losses from the price drop by gambling. With increase in prices gambling generally goes down.

 i dont think it would affect because most of gambling site are based on USD for their bet amount thats why even if price of bitcoin is high  its no effect because it still de same betting amount.

growing up?!!
actually i think it is the other way around. it means people are less willing to gamble because they will lose more money now that the price has gone up.

YYeah, growing up a price of bitcoin will have any effect for gambling, make a some people more ambitious to gain many profits. So, maybe some users gambling will increase because a chance to make a profit is growing too. Well, let's see the bitcoin price effect for gambling.

I think another reason to gamble more to get more profit as bitcoin is going up.I don't see any negative effect of this increase in price.It can be doubled still people will keep betting.Actually there is no loss of value anyhow you loose or win same value.So I also am playing same and all this is seamless for me.

Normally i placed my bet into USD instead of bitcoin so that now i am going with less amount of bitcoins by placing bets into amount using US dollars, i think that good sign for me because now i have to take risk of low amount of coins for betting but profit/loss is same before current rise.

Well it depends if the gambling site in question converts your Bitcoin deposit into fiat to play on the site or not.
If not, you're forced to play for higher stakes than normal and I think most people would be less inclined to gamble.

Maybe not if they were holding Bitcoins from when the price was lower.

Same here i also relying  in bitcoin price usd is my main not in bitcoin so that i can calculate how much i lose..
Its really affect the price and you will reduce your bets.. unlike rich man they can still can bet the same as before.. even the price of bitcoin is high..

A real gambler don't care about the price they keep gambling with bitcoin no matter is the rate going up or down, well if for me i still afraid to gamble when bitcoin going up.

i dont think that bitcoin price give impact or any effect for gambling industry,bitcoin gambling is always growing and not depend on bitcoin price,not matter how much bitcoin price drop or going up,gambling stay grow,maybe just some people stop playing gambling because they rather to safe their bitcoin.

I think there's an affect for the price of bitcoin in gambling your bitcoin because they are fixing their capital first in usd not in bitcoin because bitcoin right now is high for me i dont spend to much in gambling because of the price of bitcoin right now and i think it will increase more so it is better to hold hit and use few them in gambling to try my luck..

bitcoin prices doesn't any effect for the gamblers and they will still gambling even though bitcoin prices down or rise up because i think the gamblers will never thinking about bitcoin prices and they will thinking only how to gambling with good results and won

If you are a gambler, then the chances of you looking to only see good results are negligible. Its always about the stash and how to grow it . Thats what motivates a gambler. Else all gamblers would just be betting pennies to not care about their stash.

It probably attracts more people to gambling since now you can make more profit.

I don't quite understand your question about Gambling going up.
But regarding bitcoins, it's going up probably (not entirely sure) by the halving which will be anytime this July.
This will probably not affect gambling that much because the gambling sites would just probably continue to operate on their usual daily basis.

I also don't understand the question if gambling is going up, but as on my self point of view if BTC price are increasing which is most commonly the effect of the halving and china's economic distress and a lot of total gamblers invested some of their $ for bitcoins and will sell it later for a higher price then those total gamblers that earned their profit will probably gamble their money for a possible doubling of it which in total increase the users of gambling sites.

And those gambling sites will earned a profit from those gamblers as most commonly they always lose, Like me, it is so seldom for me to win a game.

If you understand that bitcoin is going up, so why you not understand that gambling in going up? if you can't understand so should read the other threads, may be they all have strong mind than you. 
But i m clear my point that bitcoin price is going up mean( increasing), so thus gambling is also going up mean ( increasing), mean, what affect on gambling when bitcoin price is in high place?       

I really dont see much correlation to price of bitcoin affecting gambling.

I personally started betting with cash again once bitcoin started moving as
I didnt want to risk my bitcoins when I saw they were rising.

if by growing up you mean people gamble more bitcoin then i think it is the opposite. people will gamble less because bitcoin is more valuable now.

but if you mean gambling is getting more popular then yes it is because of bitcoin too but not because of the price rise.

gambling remains as usual for me. but with the price increase, I have more passion for getting money from gambling :)

For me, as a gambler, it's not affect my gambling and my bets. Maybe i reduce my minimum bet because the price of bitcoin so, i can reduce my bet.

Use very wisely and gambling until possession possession of yourself so that when you make gambling, Only the existing in mind you victory without regard to strategies that want to achieve victory. If you only have possessed 100% you will undoubtedly experience a defeat and a chance to profit from the price of the BTC up just a dream!!!

Sometimes I wish the Bitcoin gambling sites were displaying the Bitcoin value in fiat so I would know what the current amount of Bitcoin I am betting with is worth because for the past couple of days I had to constantly check with a Bitcoin price tracker in order to calculate my betting unit sizes according to my bankroll. But if Bitcoin continues to rise so much in price I may stop betting with it and move to alt coins or probably stop betting crypto coins altogether and move back to betting with fiat.

when BTC ride , I gamble with very careful . ;) ;)

People think that their investment in bitcoin has made them profit as it goes up, but that's just not the case. They have to stop thinking in fiat terms, but in bitcoin denominations.

Yeah you dont need to relay for the price of bitcoin while you are gamble. because anytime price of bitcoin can reduce or increase.. its unpredictable.. so there's no effect while we are gamble bitcoins..

Bitcoin price rise is a positive sign for everyone interested in gambling. How can you not be happy to bet less BTC and earn more money in the process?
In addition high BTC price will advertise our digital currency among people - potential gamblers - as great medium which can be used to power anyone's gambling needs.

It is a Win-Win situation.

If bitcoin price is rising it can not effect the gambling plays.. the majority of gambling is to give entertainment to people.. if you are lucky you can also make a profit.. provably i just playing just for fun i am not relaying in price of the bitcoins..

If you never withdraw bitcoins to other fiat currencies then what you said it true. But what I think is price of bitcoins will matter to everyone because at the end of the day people want to withdraw for personal use and I don't think they will keep bitcoins forever without converting unless they want to lose everything to gambling house.

I think (most) people will adjust the amount they bet as the price of bitcoin changes to maintain whatever their current level of play. In other words, they will bet the same fiat value they usually do, but the the amount of bitcoins they do it with will change depending on the price.

I think the increase on bitcoin's price not affect the gambling. That's only affect the gambler itself, i mean, gambler will reduce their bets because the price of bitcoin is more higher now.

This affects when they keep exchanging btc using fiat so it will be related to them. There is a lot of cases whereby some of them manage to stock up btc when low in value and now they are super rich. However, they will tend to spend a lot like 0.x btc when gambling. It can be a lot but if you have like several hundred, this amount will seems insignificant to you.

In my opinion, it depends how the players respond. All of that could turn from our minds when the gamblers have already decided. But I think if the price rises, bitcoin then they will be more eager to do gambling because the price they see far more than they buy. Or it could just be gamblers switch professions into trading

You can already see now that gambling and Bitcoin works well together and that is because the value of Bitcoin is starting to rise and online gambling is becoming more popular so that is nice.
But it wont be that easy to earn profit in gambling because you have to be lucky if you want to have profit.

I think that is why bitcoin can have so much success in gambling this days. So when we gamble with btc, when we win its not just win, if btc goes up its also some bonus on earning. Normally that has other side, risk if btc fall then win on gambling is less. But that is the thing with us gamblers, we like risk, and in this times when halving is so close and price is going up like crazy bitcoin gambling is I think on explosion.
Just we humans are greedy, so everyone needs to be careful with this things, risk can pay off but not always. Gamble like you always do, if you win higher price means nice bonus on your winnings and that`s it, don`t force your luck cause in gambling its easy to lose everything you have. In that case price rise for you is not a big deal, you are out of coins. Every good side have opposite bad one, so again "be careful".

I don't see any negative effect on gambling as Bitcoin is going up.It will work same regardless of the value goes up or down.Becasue your possible outcome will have also same value.Gambling will be same even if price to be all time high.Who is to gamble will continue so there is nothing concern about price in my opinion.

If you had Bitcoin for long time or you bought them at low price with intention to gambling later.Then this will help you much more now to multiple your earnings.I am not encouraging to gamble but if you are used to and find yourself in this condition then is great time.This increase in price is good sign for all players who have Bitcoins in their possession.

The difference will be the amount of btc used to gamble will decrease. I remember when btc was around $50. Betting sites will often have bets like 1btc or 0.5btc. But when the price rose, the amount of btc used to gamble drop. Now a lot of sites used mbtc or satoshi.

It is like a win win situation. Price of btc goes up, holder benefit and more people awares and join in. With bigger awareness, more people will start to gamble and in turn will make btc more in demand and price rise.

We already know about bitcoin gambling since bitcin founded,they spread like mushroom,and never got any effect from bitcoin price,however bitcoin price will not make gambling industry fall or lost their users,we know when bitcoin price $300 people keep playing,and then when $550 they more playing.

YES, whit higher btc prices, people buy more btc and gamble it

I think most users when they do online Bitcoin gambling they calculate their current fiat to better know how much exactly they're betting. BTC.01 is just BTC.01 but it could be 1000CNY or $100 USD or something like that.

I don't think it will affect very much.Some gamblers may try to deposit low amount of bitcoin but some may not as they may be having gambling addiction problems.Some may also try to play up slow in order to not to lose btc.With bitcoin pacing up I think there will be more gamblers in upcoming time.

No according to me Gambling site bit low now because Bitcoin price is growing up day by day that too huge increment. So i think people are stop playing gambling and many people are started to sell there bitcoins for high amount. I don't know others but now i am control my betting stats i do just small betting that too when i am interested not regularly.

I think it is increasing he rate of gambling too. because people are earning money in bitcoin as its rate id raising up. so they are investing more and more money in casiono too.

it make more eager the people. i think the gambling will also get a boosting when its rate is going high. when people are getting money through bitcoin they will certainly use it in gambling specially those people who are addict of gambling.

Well I guess they combine gambling and trade, while they make money from the casino, they might as well wait bitcoin prices rise, so when the price rose to a high bitcoin, they can benefit greatly

yes Bitcoin price is increasing daily and price variation is very high but I think there is no such difference we see in gambling. Yes i think now players are increased because if they win the bet it is big profit because BTC price is increased. So there is nog difference we see now. Later coming days if BTC price is started to go down means that time we may see any difference.

as the bitcoin is increasing the rate of gabling is also increasing. most of the people start taking interest in gambling.

Yes, obviously affect on gambling. For example before when price was low I can bet for $1 now bitcoin price increased I can bet for double like $2 my bitcoin still have same fraction but value increased and I can make profit double. I am pretty sure Gambling also growing up along with bitcoin price appreciations.

Well its probably because whenever Bitcoin goes up in value, there are many new adopters. Kind of like what happened in April 2013 and Nov 2013. When Bitcoin becomes popular so does gambling.

Yup it is also going up,

try to think that you have a plentiful amount of reserved bitcoins for your gambling, and now the price is continuously going up,
then the value of your bitcoins when it is converted to money also goes up, thus making more money run on the gambling sites, which also creates an effect on gambling.

Gambling will be played same way even if bitcoin reaches above 1k $.We should watch both sides of the matter.If Bitcoin will be expansive then winning amount also will have same value.So this price increase doesn't have any negative impact over gambling industry in my thinking.This can be caused of more gambling.

Bitcoin's price is very important especially for new people who want to start Bitcoin using to gamble.It is impossible to not happen when price are lower and up anything on gambling.May be lesser bets will be placed in this period or lower bets will be noticed but circulated amount will remain same.

Yes i am still placing bets after significantly rise of bitcoin price but good thing is that now i have to stake some little in bitcoin as compare with US Dollar, i think this will be more attractive for new players because they can play with little amount when they make comparison bet with $

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but there is always a chance of loosing the earned money.

Yeah it will totally become more attractive to the new players, seeing less amount of bitcoin in comparison to dollars when they are betting contributes to their thinking that  those bitcoins they put at stake are just low amount but when converted to USD is almost a more of what it is in bitcoin.

But for players out there, I can see no difference for them to think that they bet a low amount of money when it comes to bitcoin.

But at least bitcoin rising do contributes to gambling.

This is the perfect time to lose your money to gambling sites and make them rich. Number of people losing money during this time is tremendously high. As bitcoin is going up, gambling site owners also want too earn huge just like you so the earn money from people who have become blind by their own greed. My advice is to stop gambling during this time and start investing at some better place because it's high time.

Everything bitcoin related is going up. Maybe the bet amounts will decrease due to the increased value or maybe people still getting use to the increased price and bet the same which is good for casino owners and investors.

right,I also believed they most people will continue to bet on the amount of bitcoin they get used to.

And in that point casino owners earned more, and bitcoin addicted gamblers will lose more or also won more.

But in that case it is recommended to also lower the amount of bitcoin that you put at stake to reduced the amount you will lose, because what you put at stake must be considered to be lose, as gambling is full of risk.

Yeah right for other people its nothing if they are gambler already but if you are just newbie i think you calculate first how much you will spend in gambling and you don't want to spend it for nothing and some people are nothing to them..

One who gambles for fun does not have anything to do with its price, but people who gamble to live, will not gamble much when price goes up, in fear of losing what they already have.

yeah if they just bought their bitcoins at this time when the price is high.

But if they had a bag of bitcoin from the time the price was still low, I think they will continue to bet the amount they used to bet with.

And one more thing, people should not consider gambling as a way of earning a money for living, they should find a more stable way to earn money without a big risk.

I think Bitcoin price increase is not much affected to gambling. But now many people are stopped gambling and they are doing trading i think i am not sure but this is happening in market i think. According to me i am not playing much now i just play sport betting only that too if i am sure about my bet or else i will not play. 

I dont think i would go gamble with bitcoins also if the money is going up. I think allot of people would stop gambling after a big rise not the addicts for sure.

Actually there is a nice correlation between bitcoin price and gambling, at least I am talking from my personal experience, when bitcoin price is very high just like the moments we are talking, usually the bets of a gambler become lower, if someone for example used to bet 0.01 BTC(3.5 USD) per bet before 3 months, then now that the price of bitcoin is double is more than 700 USD the same gambler plays only 0.0045 BTC(3.5 USD) per bet. This is the only correlation I can find between Gambling and bitcoin price. It should be the opposite when bitcoin price goes down, the gambler is tempted to increase the bet by then.

Off course it matters. Suppose you use to play with 0.01 (like I did) with the price almost doubled i've changed my habit to place 0.005 Bets. I am confident i am not the only one.
The same thing doesn't work vice versa, at least for me. When the price was 220 dollar, I was still making 0.01 BTC. not increasing, since I've learn to feel confident with

But like you say, the gambling behaviour seems to have changed, at least on bitcointalk. Where it used to be dice, now sports betting is the thing to do. Not wrong if you have some big events next to each other: Ronald Garros, Wimbledon, EURO 2016 and off course the Copa America.

This is the truth. In the past, when btc is less than $100, people came in to gamble with btc. There is even people who bet with hundred of btc at one shot. However, now when the price of btc has shot up, the bets that people are betting in most casino are now in mbtc, and most people dont bet with 1btc anymore.

might otherwise with that. when bitcoin price is going up, will make gamblers is up too. because they can get more money, because the effect of bitcoin price is rising. it's a gold chance to reach a good profit in gambling.

If you think about it. It's not really about the price anymore. This is getting flat out as common as any other's issues - gambling addiction. It's not anymore about gambling. But now just about the high you get from addiction.

I think I am not found any that much difference in Bitcoin and Gambling. Yes, Bitcoin price is increasing day by day very high but for this why we need to reduce our bet. Ok, when the price is low we bet 0.1 BTC if we lose this bet means we lost 0. 1 BTC only. So now also same the loss and profit are same. If you lost the bet you're wasting big amount likewise if you win your bet you doubled your profit right.

Actually I think yes gambling will be growing up too. The reason for that is not growing amount of Bitcoins involved in gambling but the rising of the dollar value of a house edge for example.

It is true that because of less amount of investment through bitcoin payment more people will be attracted to gambling, but because of increasing price of bitcon I don’t think that more people will be attracted to there as they will start to love their coins more when they see its value more higher.

But when the price of bitcoin will increase people will stop to bet on gambling websites, as they will get more profit from the value increase of their coins than the gambling sites and that profit will be without any fear of lose.

Sometimes I wish the Bitcoin gambling sites were displaying the Bitcoin value in fiat so I would know what the current amount of Bitcoin I am betting with is worth because for the past couple of days I had to constantly check with a Bitcoin price tracker in order to calculate my betting unit sizes according to my bankroll. But if Bitcoin continues to rise so much in price I may stop betting with it and move to alt coins or probably stop betting crypto coins altogether and move back to betting with fiat.

yes it is a fact if a person is doing gambling in bitcoin he must know about the price of bitcoin. he will do calculate the rate of bitcoin in his flat currency. or if a person has his flat currency and he went to a bitcoin casino. he will first change his flat currency and then he will decide that how much he as to separate for biting. i think if the rate of bitcoin is going up. the play of a person will depend on the price of the bitcoin.

yeah but would be better if you keep gamble it and you would receive double or even triple profit rather than just stop playing isn't it? many times i got nice profit due bitcoin price going up so fast and at a time i won big amount too. can you imagine i only bought 0.2 bitcoin worth $90 turn to 1.25 bitcoin worth almost $1,000 ????? it's the power of bitcoin!

what you replied is true , just by stopping to play gamble due to btc price increasing is not a good idea and if you are a gambler then i think price wont be matter for you as you will be interested in profit because if you have  1 btc and you see that if you bet on some matches and you win then the bankroll of bitcoin will increase then obviously your value will get doubled by bitcoins getting increased and on the other hand price is also getting high so double side profit.

Yes there is definitely lot of chances to lose our coins also, so it come as neutral, and will have not any effect on gambling and casino. Only those people ill be there who want to play no more people will join gambling because of the price increase of bitcoin.

for now the price is decrease from 750 to 600 level and i think they are still gamble if they are already addicted in game.
And yeah there is high chances of losing our money in gambling casino because we already know house is always win..

Bitcoin price rise is a positive sign for everyone interested in gambling. How can you not be happy to bet less BTC and earn more money in the process?
In addition high BTC price will advertise our digital currency among people - potential gamblers - as great medium which can be used to power anyone's gambling needs.

It is a Win-Win situation.

i think yes if the price of bitcoin is growing up then gambling is also growing up. it is a fact that if people are making money from bitocin they will be more excited and they must do more gambling with higher bits.

I think it is likely small, as gambling is growing due to growing number of people who want to do gambling and not because of the rising prices of bitcoin. Not all gambling will do gambling sites or opening at a time of rising prices.

I guess there will be traffic in gambling when bitcoin price goes down, because people who have lost in gambling try to recover their looses and wait for the bitcoin price to go high, well for some greedy people i agree when the bitcoin price goes high, they will be into gambling to make high profits, and well for me its the same because if bitcoin price goes high or low, i keep betting, its kind of addiction to me and the price really doesn't matters to me.

Well I only gamble with BTC now, so my bankroll is based on BTC and not on it's value, so for gambling purposes it does not make any diference if it rises or goes down, because I will bet the same amount of BTC. Of course that when I cash out and convert my btc to dollars, then it plays a big role on my winnings, but there is nothing I can do about that.

i dont think that bitcon will go it will remain here and we will enjoy gambling using bitcoin for ever.

Yup it is also going up,

try to think that you have a plentiful amount of reserved bitcoins for your gambling, and now the price is continuously going up,
then the value of your bitcoins when it is converted to money also goes up, thus making more money run on the gambling sites, which also creates an effect on gambling.

yeah if they just bought their bitcoins at this time when the price is high.

But if they had a bag of bitcoin from the time the price was still low, I think they will continue to bet the amount they used to bet with.

And one more thing, people should not consider gambling as a way of earning a money for living, they should find a more stable way to earn money without a big risk.