Bitcoin Forum

As owner of a gambling guide - Bitcoin Gambling 101 (https://www.bitcoingambling101.com/), I am curious as to how the crazy December and then January price changes affected your gambling wins/ losses?

Of course it didn't affect my winning/losing at all, but i gambled way less bitcoins than when their price was smaller, but i still gambled using same USD amount. I think it's same with everyone else, maybe some gamblers didn't play these weeks at all due to huge bitcoins, and their transaction fee, prices.

There might be some differences on btc value but still people would really play on usd amount on major cases i believe. On my side it doesnt really affect on how prices go with bitcoin since im just playing anytime with usd value no matter what would be the amounts of bitcoin can be spend as long i do already know the limits.

I personally always use use rates when bitcoin value skyrocketing, but take an opportunity to get a lot of bitcoin when the price crashes so I increase my bet amount in the last few weeks , love to take a risk as it's the meaning of this real life. Well at least that's what I've done.

I did spend more in gambling before the rise in bitcoin past $15,000 but after that I did notice that I tend to draw back on my bet amounts.
Now that it has dropped below $8,000 again recently in the btc price, I have comeback to wagering large amounts again.
Because it doesn't seem to be that much per wager in the amounts I bet when transferring into money.

there is no effect whatsoever in my gambling even though prices are volatile.
because I have a special fund that is reserved for the balance of gambling.
and perhaps many gamblers are doing the same thing,
and if it is done, be sure we will still gamble with a fixed bet amount and not for UDS count

What do you mean by the special fund?

I too fix some money to gamble every month but it is always in USD and will not exceed that amount for any reason. That means if bitcoin prices go up then I will have a fewer bitcoins to play and if bitcoin prices go down then I will have slightly more coins to play these games in a month.

The amount of USD is the same but the amount pf Btc and Eth last December from today well that's already big lose my friend. This is my opinion base upon the market since we experienced a hug dumped of all coin especially bitcoin it really affects our daily gambling in life not pnly in gambling aspects but also in trading aspects we need to be aware of that. The balance is very important here. This is all the issues.

The past few months, I just went with the flow whether the price goes up or goes down, as long as I'm just working with BTC as my currency, it's no problem. It's fun to think if you have a high amount of BTC and high in price, that's the best feeling. I just think of my money as bitcoin and not the conversion.

As a serial addicted gambler I had to tone down my bets in btc, prices have come down a long way, and to continue now would be absolutely madness. I'm not giving up my gambling urge, however just waiting to see if the prices move up, if not I guess I'll continue gambling, a gambler life can't be stopped for long.

You're wrong because everything is possible if you decide to do it. But half-heartedly want to stop then you will easily find a reason to start gambling again.

You just need to pick up another activity to spend your free time and shouldn't play these games for some time for any reason than over the time you will come out of this addiction.

Thanks everyone for your interesting insights!

For me the price changes made me think a little more, like Lionidas and buyinbtc, it was just crazy for me knowing that same wager I made a few months before was now worth 4-5x more, but my BTC was still the same.
Added an extra level of risk and reward, which was intense :)

Risk might be huge part of our lives... But i'm not sure if risk in gambling is necessary to live nice life. If you can afford to lose money that you risk then it is fine i guess, as it's up to you how you will use them, but otherwise it's quite silly to bet even more when their price is low, as you might use that money elsewhere.

This is actually the advantage when bitcoins price is low on where we can really accumulate lots of it since it is just cheap but yet the same amount of money in local fiat value been risked. Its up to you actually if you can really took the risk or not since you do know the opportunity behind it when you do won those bets but not totally a clever thing or to rely on specially when we do talk about gambling.

The big problem that the events of the past are affecting (in negative way) the psychic of the gambler like, the big crisis in Bitcoin price, the losses in the past... Moreover, usually  some gamblers fail due to the loss of self-confidence after a while of the bad events.
In addition to that, for me, the past will never affect my future in gambling and other fields because the experiences (particularly the negative ones) teach us do not to fail next time.

It should be like that always and we can never really know what the future has in store for us but if we know how to act it will definitely wouldn't matter much. It's not a big effect for sure. We should always be in the right path.

It didn't affect my wins or losses, but I have been able to bet a bit larger due to Bitcoin's lower price.
The website I gamble on (crypto-games) has pretty high bet sizes for Bitcoin roulette and usually I opt to play with altcoins like Litecoin or Peercoin instead.

Now I just played with 0.016 BTC without even worrying about it :P

Woah you are so lucky! With the situation of Bitcoin's price now, I am quite skeptical to go all out in terms of gambling because it has significantly dropped since the beginning of the quarter of 2018. I am quite reluctant too to show some interest since all I am doing now is holding because I am regretting the paper losses I incurred the past year.

I do not have a particular strategy in gambling especially since the market is not doing well. I am just playing safe and trying to accumulate more Bitcoins on the premise that I will regain all losses in due time.

More so, I am sure you do not really have to worry much expenditure on gambling because the value of Bitcoin now is really at its lowest for I think, the last five months.

Bitcoin price doesn't really affect my gambling style as I normally define my bankroll using fiat. So if BTC price rises to much, I just remove those bitcoins from the gambling sites I use, and I make smaller bets, if they BTC price decreases, like it's happening now I normally increase my betting size accordingly. The fees however affected gambling a little, but things are getting back to normal now. I hope I can get a lot of bitcoins from gambling now, since the price is quite low, and this will maximize my winnings in the future.

Well, I have certain percentage of bitcoins which I can afford to lose. So my bets were the same in bitcoins while their value in dollars was different.
And I've used litecoin few times when network was overloaded because I didn't want to pay huge fee for bitcoin transactiion.

the price shouldn't matter that much cause it always fluctuate , but it may affect some people who professionally gamble btc ( I mean who make money gambling pure btc )
people who play for fun shouldn't be affected since they either gamble a certain amount of fiat , or they are holding bitcoin and they are gambling a portion of it no matter what the price is

but it's kinda tricky  , for example I deposited 1000 euros in a fiat bookie but I lost a little , even with my loss if I ask for a btc withdrawal now the amount should be bigger than my deposit  :D since I always try to accumulate more btc I consider that I profited from the price move 

This certain movements from the value of bitcoin affects those gamblers who really enjoyed playing inside crypto houses, they use bitcoin channels to easily deal with their activities, for sure they are not happy as the value really fell continuously those who have funds inside the house will be forced to
hold and keep on playing instead of exchange it to fiat, personally I'm not playing that much anymore so I can say that I'm not affected I just enjoying
the service of easy betting online.

In December with bitcoin was in its peak, I stopped playing in online games and decided to play on a traditional land based casinos. The price is too high that time and the confirmations are very slow and its hard to control yourself putting a bet because you know that bitcoin is somewhat expensive.

But since its plummeted, I haven't try but let see. I might deposit a few bitcoin and try my luck because I've been on a roll since playing in the land based casino specially this February.

One of the factors why i didnt play on those times not only bitcoin was too expensive to spend but also the confirmation times and fee rates which really bother me and with this i do minimize my activity on gambling and rather focus into other things (not related to gambling) and now im seeing normal rates with faster confirmation i might consider to back with the track.

Actually for those who are earning bitcoin from gambling by this time are surely happy because the number of bitcoin use to bet will have a lower equivalent in fist and when they win they can hold their coins and wait till the price pump and so they will have additional income from holding. Those who made bitcoin thru faucets are also claiming bigger value than before.

The price of bitcoin and the ever increasing transaction fees was a real pain and i completely stopped going to bitcoin based gambling sites solely because of the ever increasing price and the transaction delay and went back to fiat based sites,hopefully with the price settling down,the transaction charges will be reduced and with the segwit activation,things will be fine .

I don’t know if it was only me but during transition of December to January, the finances that I had has lessen, same with the value of bitcoin which has decreased as January comes in. In effect, expenses and risks such as what gambling has is being controlled. Setting a tighter limitations is needed to make sure that it won’t get to a point where a large amount of debt will be incurred.

Currently due to btc prices so low people would like to try their luck by winning some btc so that they can compensate the loses which they have incurred during this fall. Also now with the segwit things are getting faster than before and also the network fees are dropping.

That's just part of the strategy how you can grow your bitcoin as sooner or later it would heading into a hard time to collect bitcoin in the future where the price could bounce back. Take this golden opportunity or you might feel regret it later, just don't go allin and expect nothing for your long term gambling . Win big and walk away to wait bitcoin price to the moon.

Yeah it is now the great time to buy bitcoin for gambling while bitcoin is affordable in the market with the low low price and stored to your account in gambling. This opportunity now you will not regret if you invest bitcoin now for gambling soon the price is going to moon and that times you a profit already. But don't be greedy on gambling maybe it turns you nothing just to chasing a money.

Before I use to gamble using only small capital but when the value of bitcoin pump last December my capital appreciate and I get more chance to gamble. This year bitcoin price drops the amount of capital I use is the same as last year so when the value drops so bad my capital also decrease as is I already experience loss in gambling.

Bitcoin price does not really affect my gambling activity as I have my own limit in my fiat currency. So no matter how high or how low the bitcoin price, my limit stays the same. The only problem was only when transaction fee was so expensive but there are always an alternative to gamble with altcoins.

Talking from the gambler point of view, months ago the prices affected by decreasing the BTC bet size (as the price were more expensive before), and now increasing again the BTC bet size (as the price is falling hard). The loss/profit, considering in fiat rates, didn't change anything, as the bets made by gamblers follow the Dollar price. At least it doesn't change anything on short term, but when BTC price increase again, gamblers will check their historic and see those past BTC losses and think: Wow, I can't believe I have lost so much money on that time...

From the investor and casino point of view, now things are better than before, as gamblers are playing higher, increasing bets sizes, consequently generating more profit for the house and its partners. On short term it's not possible to feel any difference in profit terms, but when BTC price increases, it will make all the difference!

70% my asset has gone.

the price only effected for the traders but not for the gamblers although the price low or the price will very high but the gamblers still regularly gamble without worried about the price and usually if i'm not mistaken they were gamble with random amount and as long as they have bitcoin and want to starting gamble then they will gamble without thinking too much for the price movement

I didn't affect my gambling at all.. I always bet based on the bitcoin or altcoin amount, not the USD value of the bet.

In addition, those bets are based on my total bankroll as I only ever bet a maximum of 2% of my bankroll to ensure I don't go bust.

I will say the price affected my gambling activity, because I always calculate my bet in fiat, so when the price go down I can bet more, and  when the price keep on declining, it gives me more courage to bet more, it's like if I lose then it's okay, the price is going down again tomorrow so I dont feel too hurt losing the money

This past few months, has been a very shaky feeling in part of BTC, due to unstabilized position of coins in the market. I think it was favor to people who loves gambling somehow, because only small value of coins do they bet in gambling, so whenever they got lose or win it is much fine.

Isn't this thread is just like this one? Does crypto market decline affect your gambling? (https://bitcointalk.org/index.php?topic=2886586.0)

The frequency of my bets that I made this year is way lesser than the ones that I made from 2017 especially when BTC is in its ATH. As you may have guessed, this is due to the price crash of it and other altcoins in the past days. I obliged myself to avoid gambling at all cost in this times of uncertainty. I don't want to lose my BTC in betting alongside its crashing price. This is just my way of handling situations like what we have right now. I'm sure that others are not affected at all and didn't change their gambling habits.

Did you sell all your coins already?

If not, then this loss may be temporary one because once the market starts moving up then you can start recovering from this losses. If you want to recover back your losses faster then it is the best time to start buying some more coins to average down your price.

For people who holds bitcoin and also gamble in bitcoin I guess it was a tough week.
Most of the people who gambles with bitcoin usually convert it at the point of winning a bet, which means that they are not really affected by price changes.
Those who also holds bitcoin, the decrease of bitcoin price probably made them to gamble more, because psychological, when someone loses a bet he will always try to recover it, and the decrease in bitcoin price could have made him to lose more then he planned.

The value of bitcoin is crashed too much since January,so it hardly affected the winners of the gambling because they actually lost the value of bitcoin when calculate in terms of USD.But I am not a full time gambler so it doesn't affect me that much because I invest only very little amount for the gambling purpose.

We will only consider ourselves lose in this days when we sell it at low price, if we didn't believe enough that BTC can still arise again, We can see graphs that btc increases after it's dump that's how the cycle goes, It will be good if that all those Fudders and who did panic selling were all do it, so next thig will only see soon is a nearly stable graph.

Though I am not a gambler but it really hurts me to see others using crypto currencies specially Bitcoin for placing bets because I believe it is just wastage rather unrequired sacrifice of one's money. It is supported by me live your life the way you want to and do those things that make you happy but taking such risk is not appreciated. Why wasting your hard earned money while that same Bitcoin can make you rich in future?

I have actually limited my gambling activity in current red market. My total portfolio is down by over 50% so basically gambling what I have left is not worth. I don't want to gamble what I have remaining and I am quite sure market will go up when all bad rumors will be over and my portfolio value will sky rocket.

The price fluctuation does not affect my gambling activities. I do not know but I just looked at BTC as BTC and not even thinking the equivalent convertion of it to dollar.  For me i believe they are the same.  If I lost 1 BTC at a price of 20k USD or 1 BTC at a price of 4k USD  does not make a difference.  For me as I said they are still BTC and I play at my BTC budget of 0.05BTC to 0.1 BTC per month.

Yes i am also not effected. In fact i always adjust my gambling limit with the increasing or decreasing. Although i am holding bitcoin for a long time and the decreasing price of bitcoin really effect my assets, but still i am holding bitcoin and not going to sell it, because i am sure that bitcoin price will recover very soon and will also recover my lost.

When the prices are high, I can gamble with few bits and I'm confident to gamble with few mBTC's because the price of bitcoin is really high. But now that the price has moved downwards I can't get to what it used to be. I'm diverting now into altcoins when I gamble as I can't take the low price of bitcoin and I feel regret when gambling it although the fees are greatly low.

Yes and when bitcoin price start dumping we use some more bitcoin to play with, which really effect our gambling but at that time i reduce the my gambling limit a little more and through this way i just tried my best to prevent myself from a big lost. It is expected that very soon bitcoin price will recover its position and once again we will start playing gambling with a big amount of money.

Due to the price drop, definitely gambling less than those months. But then can also switch to usd or other currency. If not, will just play casino games for fun, without placing money bets.

People are started to use alternative crypto currencies for gambling because the high transaction fee for the past few months but now the condition is getting normal and the fee getting cheaper.
But the price of bitcoin almost dropped 60% since January so it may affect the people who won the bets because they actually lose their winning amount by 60% due to the price fall.

Does it even matter when you gamble with btc? I mean you're gambling with the same number of satoshis whether btc rises or dumps. And the value doesn't even come into play until you withdraw your earnings.

No doubt that there should be no relationship between the win/loss with the price but the amount that I was placing to bet I reduced into less Because that time the value of the bitcoin was high and was not much easy for me to have risk with that bigger amount .
A new thing that I seen in the gambling Field with all trucks and stretagy play , I found few of the gambling sites changed Thier script to make big los for the gamblers and make big profit for Thier casino that was not fair .
Well here I am not happy and not sad to make gambling bad experience because these are totally like the zero value games and here we can't expect anything better , only luck and house edge will work very well .

It affects the gamblers in this months more than in the past quarters that is  only a minimal amount. For some gamblers its not since if they are adopting the current prices and to the new gamblers or the gamblers who will deposit needs more bitcoins or altcoin to be fit to the minimum amount that a gambling requires to start.

Bitcoin price nothing to do with winning or losing because that is the risk we need to take when you invest money in cryptocurrencies.

If you win certain bitcoin and didn't sell means your not really under loss because this may be just temporary losses. If you hold them for long and prices recover back then you will get back your profits. The main point here is don't sell your coin in a panic otherwise you're not making any losses.

Good point, if you win then continue holding your bitcoin even the price fell then you are still in a good status, you are still in green in terms of bitcoin, just take time to analyze and understand what are those events that will bring bitcoin value to increase again, don't play with your emotions just continue to play little by little while waiting for the time to cash out your winnings.

Luckily I'm not daily gambler since I'm gamble only when I have time and really interest for the match especially soccer match !

I'm personally focus on invest rather than gambling because gamble / trading make your profit or loss increase/decrease in short time , that's why I'm not ready for that

Yes.Both loss and profit will occur in gambling. When I had a free time, I will play few games in gambling. I was addicted to the gambling, since it need my money to spend.
I don't want to waste my hard earned money in few games. For that I will play the online games instead of gambling.

I have a system where i allocate a fixed amount of money that i use to gamble but due to the recent huge drop, I took a step for a while because i know that if the value goes up i would have gambled more money that i would initially budgeted.

People who don’t sell or lose all their coins shouldn’t worry about their loss because this loss is a temporary loss and as you said that when the market of bitcoin will rise, he will easily recover all his loss in no time. The thing here about which one should be worried is that what will that person do next who has lost or sold out all his btc’s because he would not be having a chance on his side to stay in market and he would be having regrets when the process will rise again.

And during those times I'm not comfortable of gambling  as the price has been quite down and due to the fact that I gamble when I'm on the mood it's not helping me anymore. I won't gamble if the price is down but the good thing here is that I can gamble with different altcoins that are accepted from various casino's.

It affects the amount of each bet I make. If the price goes up significantly, I'll mostly lowered my bet amount and vice versa. Frankly, as a crypto gambler, we can benefit from such fluctuations. Double win is not a strange thing in crypto gambling.

But its too risky to do that because of too much volatility, gamblers are being affected by the current crypto correction. Though I stopped gambling with cryptocurrency months ago now I know it has a significant effect on every bet that you will made. You will loss a lot if you still continue doing that, better to go on casinos which is more safer than gambling online using crypto right now.

I do not think that it effect my gambling so much, because i always calculate my betting first in fait and they only ply to me selected amount of money. I never depend on bitcoin price. If the price goes higher the i play with little amount and when the price goes down then i convert my fiat and play with some more amount of money.

As for me, I completely turn away my back from gambling online because of the price of the bitcoin. The price is in dump so it will require more bitcoin to spend and I can't afford losing bitcoin this way. I think that it had affected me in good way because I am now doing other things instead of playing online like reading books, going out and etc., which are also better than playing gambling. When I am playing, I sometimes lose track of time but since I am prohibiting myself to play, I am able to earn proper food at proper time now.

I have joined Nitrogen sports since I want to try something new with a thrill like betting in sports but when the value of bitcoin drops I need to freeze my account because of high transaction fees and a big amount of bitcoin I need to use when betting, I feel like I need to hold it for quite sometime and wait till the value increase again.

I think the price is not affected but after December high transactions fee definitely affected everyone. I totally stopped to do BTC transactions. and I also calculate my bet amount in fiat and place my bet. So the bitcoin price fluctuation will not affect my gambling.

That's good for you.The price dump had become so helpful to you.For me,it does not affect my gambling habit since i only gamble occassionally and i have set already my funds intended for gambling so as not to be abusive though.Setting limits for myself has been so helpful to me too since i have not lose bigger funds already unlike before when i was so addicted with gambling.

yeah, I am thinking the same with you and this is why I don't use bitcoin for placing a bet and only use the altcoin. I think if I cannot make a profit in trading then I don't want to use my bitcoin to place a bet and it is better to use altcoin. but if the fee can reduces maybe I will use bitcoin again to place a bet but I still don't want to use big money to playing gambling.

this past few months, gambling for me is like a roller coaster wherein i have to go down  before i go up. As gambler, i've seen a lot of changes  in me with regards to my actions and opinions. whenever the price rise up, i follow my instinct  and go with the gambling. And if the price go down and loses, i try to to reflect. Was it worthy? am i doing good?: stuff like that play in my mind and nothing happen. i just go with the flow and try my luck. lol]:)

If the value of bitcoin changes, definitely the amount of loss or profit will also vary accordingly. For instance, I place a bet of 1 bitcoin (which is definitely very insane and never going to happen) and at that time, it was 10k dollars but I lost the bet. Next day bitcoin becomes 15k dollars, that means I actually lost 5k dollars more. Therefore, it is stupid to gamble with bitcoin at the first place rather gambling itself is wrong no matter how it is done.

It has affected my lifestyle a lot and it is in a positive way
What i mean by this i was a addicted gambler last summer and i used to gamble every single week with every single bitcoin i earned but finally someone suggested me to trade instead of gambling i made some profit from it and finally was able to control my activities

Well, in December and January bitcoin price really affected me especially in trading but in gambling its also affect, But main think is that i already managed myself in gambling i play gambling in my budget then bitcoin price up and down not properly affect me. But i only do one thing that i hold the bitcoin and little bet i play gambling whenever bitcoin dump.

I didn't care about gambling anymore in the past few months because i have truly believed that this industry was designed and made to make you loose , and all the profits will go to the house , these people wouldn't have went through all the troubles to allow you  collecting all the profits in the end . The only true bets are those where there isn't any third party involved and the outcome can be random at every single time , not manipulated by the house .

It didn't affected my wins and losses, the thing that affects me is that I can gamble like there's no more tomorrow because of the big spread from fractional gambling. Unlike before when the price of bitcoin when it was not that high, I'm very conservative when it comes on budgeting my btc's.

Normally, its affect me when price of bitcoin increase, then minimal bets in bitcoins are really high when you calculate in dollars. Gamblers should be aware of minimal and maximal bets, to take care of bankroll and to be able to adjust beta according to that bankroll. When I calculate how much I plan to spend I do it dollars, and its not same when you gamble on minimal bet 1 mBTC, with most games 100 dollars or 9 mBTC doesn't worth much when you can play just couple bets.
First bitcoin rise affected my gambling habits, now I'm fine again, I found where to gamble and adjusted my habit's to current bitcoin price and my bankroll. This fall didn't affect me all, I have more bitcoins in 100 dollars then when price were over 15000 dollars.

I gambled less in December and January but it was not because of the price increase and then the crash it was simply the season, I was very busy with my work and when you add the holidays then I simply did not had the time to dedicate to gambling, even now I'm quite busy but finally I'm slowly getting rid of my work load and I think I will be able to gamble again next month.

Today I have bet on South Africa. They made my day happy. I have got around 0.002 BTC profit on this bet alone but most of the time. I goes to choose the wrong side to choose and loose my money but good day.
From the past few I was doing betting on Cricket, Tennis and Volleyball. Expect betting I did not find any of the best move on the gambling platform. Dice and virtual games will never work better.

I think I am a little lucky this year so far because I am currently up, I usually does not play games where I need to play based on luck.
My game is sports betting and I have more wins compared to my loses, I have proven one thing that is necessary which is the money management.
When you are good in money management, it will help you stay in the game and you can recover your loses.

I didn't bet using Bitcoin during the moon ride in November - December of course, I really treasured my Bitcoin back then, trying to accumulate as much as I could and spend as little as possible, definitely not spending any for gambling. Besides that, the fees are insane back then. So no wins/losses. In January, I started spending BTC again, including for gambling. Made some profits on some CSGO tournament, but losses it all on the current SL i-League swiss stage. Phew.

To me i personally converting my fiat into bitcoin from time to time for playing gambling therefore i do not think that it has effected my gambling too much, because for most of the time i play gambling up to a limit either the price of bitcoin is increasing or decreasing.

That is a good decision, but it require a good control, which i think most of the people do not have. People even try to continue even if the bitcoin price is dropping, they just want to play gambling in any cost, and that is the reason that in previous few months most of the people effected too much because of gambling.

Yes, I wonder why anyone will be losing 70% of their asset in book and decide to turn it physical. As long as they are still there, the market will recover and then the 70% decrease can just turn to 500% increase within few months, so I really do not see any fuss about that.

As long as you did not borrow money from anyone, they are yours and you understood the volatility, then you are fine. However, with respect to how the market affected my gambling, I will say nothing has changed.

it has no effect on me, nor on my gambling results, whether it can be lost or keep winning, it's only your perception when too often lose or win

Why would it even affect anything in the first place? One thing you will just always have in mind is the value and the possibilities of even having more to buy to be able to have more stands in your game, but the whole mentality has not changed, you still end up doing your thing the way you have, and so on.

The only difference I see here is just the btc to usd value, but it is all the same, as the main essence was to see if you can get lucky to increase your btc anyway, not the USD.

Talking about altcoins, I see it as a way to even buy most of those altcoins and gamble them all the way, knowing gives you the chance when the market recovers to have a huge stand in the market and be able to have a pretty huge bankroll. It is just the amount of betting that it has affected, but in the normal sense, nothing really changed that much and the quick transaction and low fee has even made everything even better.

If you do not want to gamble with your coins then set a budget, convert part of your fiat every week to BTC and then gamble with it, when that amount runs out you do not gamble until next week or month depending on the amount you are willing to bet, this is a nice way to bet without having to sacrifice your long term holdings since that BTC was not going to be held for any amount of time anyway.

Actually, we should used too that bitcoin price dump and pump but last previous two months in December and January bitcoin really dump and it has given a lot of affect on our gambling win/lose but if we know our budget and use only few coins in every week then sure gambling not give us big lose.
In 2017 i did betting btc 0.1 in a week and when bitcoin was starting to dump then i did bet on 0.01 in a week.

Since the price of bitcoin is reduced in last two months very badly, so the people in this will decide to play gambling and get some more dollars from it.If they loss some bitcoin means, they won't think for a while and they got profit in term of bitcoin means it will help them in their future.

The past few months events does not really affect my gambling.  I gambling according to my mood and will play if I feel like it.  I do not care about crash or skyrocketed price of Bitcoin, I played with bitcoin so bitcoin is equivalent to Bitcoin.. that is how my mind is set.

Yes bitcoin is still bitcoin value if you don't change it into fiat, no matter it is decreasing price or increased as long as you gambled your bitcoin that has no exchange value. For me it is not effect for last few months decreasing of bitcoin value i played on bustadice with my weekly salary from campaign signature. Btw just try to gamble with site it is easy to play and easy to learned especially for those newcomers.

I was actually forced to stop gambling when the value of bitcoin drops since I can't afford to lose big numbers of bitcoin, I am afraid that if I will continue gambling the value of loses I will have bitcoin started to pump again will become very expensive. Sometimes I rather go to faucets just to play some sort of dice game if I am bored. I think it's been a couple of months since I last visit my account in nitrogen sports.

And what about those people who were gambling at lower prices? If we all were thinking that when the price drops it's not worth to gamble nobody would ever gamble. Price went up? It's too expensive to gamble because i'm losing too much fiat with every roll!
Price went down? It's too expensive too gamble because i'm losing too many coins to reach the same value than a week ago! :D It's stupid!

It doesnt affect how lucky i am on my wins and losses but it affects how frequent i am on gambling network. More profit means money to risk and more rounds of gamble. How can i risk my money if i do not have one. Others want to gamble when the price drops down to recover their loss on BTC, however , there also people like me who wants to play safe and do not want to drop more money.

Good example, but inside gamblers mind they won't bother to think of that when playing gambling, I  have a  friend  who also bets with sports gambling and I always here him saying same thing like that, when bitcoin value is high he keeps saying that its too expensive while when the value fell
then he will think that the value will fell deeper, personally for now, I just bet according to the value of fiat so no matter how high or low btc was, I'm assured that I won't change the fact that I will only gamble to add some fun and not to take much bigger amount to risk.

as long as there is a possible profit people tend to gamble more and try to risk more if they are aggressive especially when they are showing signs of that. That's good that you wouldn't take take too much risk because in gambling there is no mercy with that. But when trading you could do a lot more but slowly but surely in my opinion.

Yeah, some good benefit. At least with the way the market is, you can even try to fund your bankroll with the present low price and see how that can pretty much go for you within some days.

It is still gambling anyway, either way, increasing bet or not, I do not see how that changes anything since I would have done that anytime any day depending on my mood. And at the end of it all, I still would not gamble with what I cannot afford to lose.

Gambling is all about the fun and acceptance of win and loss. Last week gambling didn't gave me big or loss. Almost it went with a small loss, because participated into three different events. In this won a single event and lost two events.

The past few months were rough for me that's why I've taken some rest and stayed away from different casino's for awhile. But while the price of bitcoin went down, when its about winning its good to gather more bitcoins by winning because of its current price. And when it goes up again that will be the good harvest for all of us who are holding.

Even in such harder time i found it difficult to stop playing gambling, Therefore i changed my strategy and lowered down my gambling limit, I usually change my fiat into bitcoin for playing gambling therefore i always estimate my gambling limit in fiat and then convert it into bitcoin for playing gambling.

I have always maintained a fiat equivalent of bitcoin for my gambling on sports  and so nothing changed  for me i just kept on gambling averagely 20$ a game until now that bitcoin seems to be growing again. It sure did change the number of bits or satoshis i played per game but my attention wasn't on that but the US Dollar equivalent.

Well, converting every so often would definitely take so much of my time and energy. While I must admit it is a good strategy to always be in control of the amount you are willing to shell out in gambling, it often times causes so much stress to the point that you are too enamored at winning and winning alone. It is not good, I must say, because you do not always win at gambling. There will be losses along the way therefore it is always best to be in control of your emotions more than anything else. This may just sound so normal for you but trust me, there are people who offered their lives to gambling; and, losing in it would mean the world to them.

The past few months had really a serious bad impact on the gamblers because it marks the dumping phase of bitcoins. The gamblers were not be able to mark the bet of their own choice due to two reasons and the one is that the coins to be bet were themselves available in the limited amount and those that were being used had really low prices.

recently I have started gambling again I have won in the first few deposits that I made I have won some bits,
And in the last deposit that I have made I gain some profit I manage to triple the money that I have sent then in the last game I got bored and angry with my wife so I bet it all in then I lost in that round,
Because of it I decide to quit in gambling again so far in this month I still have a profit.

That's reasonable for everyone to do that but believe me there's nothing to do with the Bitcoin volatile recently when you've got addicted, you'll keep making mistakes over and over again and lost it all and the amount itself depends on how the money you can afford to lose , nothing really changed/affected.

Lately my position on some site gambling even a minus. Whereas a few months before, everything was in a profit condition.

That is the nature of gambling games, and that is the reason that most of the expert gambler are advising again and again that we should withdraw from our account that we have won in gambling, because no one know what is going to happen in future, therefore we should make our position strong by saving the winning amount of money in gambling. But i think that most of the people continue to play even with the winning amount of money.

With the crazy drop of bitcoin prices I no longer feel good waging more of my bitcoins because prices have dropped..
I really liked the play less for a higher value as I knew that getting to 0.1 BTC was a good profit for a day now is a different story, I have now concentrated more on investing and less on gambling.

Prices shouldn't affect your gambling, it is not the basis of you gambling anyway. This can be inferred from your statement that you base your profit in BTC. Though problem is you have that mindset that gambling is something profitable which is a fallacy. It is good though that you moved on to trading for profit as that is something a lot more promising if you intend to profit..

Yes you are right. The entire game of profit and loss in terms of virtual assets depends upon the technique to understand the volatility factor bound to the usage of Btcs or any other crypto asset. I think that a person should never decide to give up on his coins no matter whatever the prices are because if we remain patient then it obviously pays us off no matter how long the things would take to get settled in accordance to your personal choices.

Too much and continuous playing might end up in a minus only. It is dangerous and also chances of getting addiction increases if you play for months together or do not have a control from the gambling habits and in turn you will also stat losing more bets than before.

Patience would always be the main issue or thing on here if we do easily give up into our coins then we would really lose something unlike for those people who can wait even on longer period of time will cherish the payback when prices tends to rise up again.When we do gamble only spend on the amounts that you can afford to risk without even worrying into its potential growth.

Don't expect the same result every time. Before your luck is good so wherever you played you won your bets. now your bad time is starting so you end up in minus.


You are right continues gambling is not good it will lead you to addict to this gambling. anyhow now you noticed that you are losing money in gambling so control your play this is the good time to get control of your emotions and try to stay away from this gambling.

The drops of coin will not affect much those who are not constantly playing, but those who can't control themselves from playing might lose a lot now, especially in the future when the time comes that the market goes to the moon again. Playing with other alts will be much effective than to play with btc like dogecoin fits for now in playing gambling.

This should be what we must do but the problem is most gamblers use all their budget in gambling.  Resulting to a negative effect to their family and people around them. 

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With the recent series of Fortune Jack Casino bonuses, I have played gambling more frequently than before.  Well it is a good experience and I do have lots of fun watching how I won big amounts in a small bet.

Agree because bitcoin is too precious for me to spend on gambling so since then I find sites that accepts fiat so I can play without guilt. And like you, my eyes now are into trading while little by little I know that sooner I'll leave gambling for good and just focus to some more worthy of my time and money.

I think it is so so positive in the other way around because if you value more Bitcoin meaning the lesser amount of Bitcoin would be a higher equivalent to US dollars. So the higher the risk the larger your winning is so if you don't think about the US dollar values you could get a lot more when you convert it after.

Actually as of now,i must quits in gambling its is a real talk especially this situation happen in cryptocurrency market would going down now its price value.definetly the main cause why i quits in gambling because i love my family,and i dont wanna leave them in debt,because there are times when i become  addicted in gambling,i involve in a big debt because of my vices in cockfighting ,and my family want to left me,so in order  to make them stay i sacrifice all of my gambling vices.

Well I'm actually down a little bit since the NHL play-offs started but I'm in no hurry whatsoever to give up.
This is a long-term investment (similar to crypto) and not for someone looking to get rich quick.
It's a slow grind, like in poker, so months may turn into years.

Nice way to advertise your gambling site. Anyway, I see lots of people getting affected due to the sudden rise of the price. And now they are pissed off because the price has dropped. There are many gambling sites which make the bet more expensive in accordance with the bitcoin price. For me, it really is futile to lose your money when you have the chance to save it, and eventually, you will regret it.

For sensible persons then you will really mind on saving up those money instead on playing gambling but we do know people do have different decisions which they do have the full control of their funds which would possibly results into decisions which will lead into proceeding on playing gambling no matter what the cost or the possible risk behind.We would only realize when we do already lose up money.

This is seriously alarming. People must be knowing what they are going in. why they are just going in something without any proper plan and know how. Gambling is the worst game ever in this world. No one ever had earned big amounts from it rather whosoever had been in this game, he went to the urge of disastrous life and therefore they all are just advising to leave this game as soon as possible.

Yes.I guess no regrets come first,its always at the end.Honestly i still went to gambling but that was very occassional.Yes i had lose that time but only a few amount so i can totally say that i am not much affected with gambling in the past few months.Even if the market is so down as long as you know your limits in gambling,then it will not really cause you too much losses or damages in your life.

It really affects my life this past because of price decreasing of bitcoin. It really affects in gambling because l can't have a profit if l continue a loser.

But it seems we all are just shouting in a war where no one could even listen to us. This section of gambling is full of such comments where people are continuously stopping others to gamble. But still, see the results, every other day newcomers are asking for the tips in gambling. Even the older ones are still discussing the best coins for gambling. So, I think we must let them ruin their lives.

and I think this is why gambling still exists for a long time and will still among the people. I think without any warning from other people, people still playing gambling and like you said, every day newcomers will come to the gambling section and they will try to play in many games. I think to stop or to continue the games, it depends on that person and as long as he knows that gambling will ruin his lives, he will stay aware from this and will have the attitude to leave the gambling places.

To some it had not greatly affected especially those who lay low when Bitcoins price was down and minimized gambling so there would be less losses. And for those who were affected by the price drop of Bitcoin and also the alternate coins as well, I think most of them stopped entirely playing for a while and now just got back because it is slowly recovering.

December to January was depressing. Though I am not that of an addict in gambling, I definitely felt a great loss upon the great fall. And by now, I am still waiting for a comeback on about 10-12k USD. It is quite boring these past few months because of the low prices. I haven't touched my bitcoins since the fall happened.
Well, I am still working on some Sig Camp and I think I won't gamble much again. I am planning to invest my btc on a business. As soon as it goes back up I will definitely stop gambling and focus on the reality of career improvement.

I did not really stop gambling, even if the value of bitcoin drop I still enjoy gambling because I don't really risk
a lot of money in gambling, I am more focus in investing and trading and I have learn to be more matured in treating gambling and it's only
an entertainment for me now.

As a poker player I have noticed that it is much easier for me, psychologically, to enter a tournament with a fixed USD entree fee when the price of Bitcoin is high. Yes, you pay the same price as before in USD, but the price in BTC is lower which means you can enter more tournaments with the same BTC balance. Also it's good to see that the $10 you won some time ago have turned into $15. :)

But the price crashing has its perks too. For example you can enter a free tournament and win $2.5 which looks insignificant in the time of winning, but it may turn $10 one day. :)

Price changes sometimes affect me when I want to gamble and affect the pattern in bets or at the time when betting on the game. Well for me personally who not so addict, not so in losses in the past few months, I'm more I rarely gamble, on me when the Btc price in a low price, I feel more confident when betting and vice versa if the price was high., I'm not so dare to often gamble, I'm more prefer/focused to doing something else rather than gambling.

My case is little different, I have stopped playing much because I have got occupied with a lot of work now. Bitcoin prices do not make much difference to me now but I think it is better for me to concentrate on ways of making money that come with guarantee of positive returns.

Here's a guy that knew the gambling road won't take anywhere ! Congrats man ! .
As a former gambler , i despise my older self , that greedy mindset that always tried to catch smoke with bare hands , since that's what is gambling ! Earning your money the hard way will even give it another taste and you'll think twice before making any childish or irresponsible purchase of anything because hard earned money has an additional value when compared to what we earned by luck .
What comes around goes around and the money that came easily will be lost sooner or later easier than it was earned .
Trading or any other investment may be much more of a slower process in term of gains , but will be a million times better than throwing your money over some stupid "speculations" and "this is my lucky day" ..

for the past few months has been severely disrupted in bitcoin gambling, as declining bitcoin prices are declining, but the last few weeks have started to improve even though the price increase is not too great just enough so I can gamble back

 idont like gambling cuz everytime i gamble i lose or i win then lsoe my money and even my winning gambling is an addict and i think after price double there was a lot of gambling money and its already and easy money

Well you may take me out of context as my gambling experiences revolved around the lessons that I learned from the past but I do agree that the price increase of bitcoin has affected a lot of gamblers recently. Though it may be a double-edged sword, gambling cannot be profitable for individuals who hope that they can regain or pay their financial liabilities through gambling.


Well at least, on the bright side you know your limits since this mitigates the damage incurring in the long run. Knowing your boundaries lessen the risks of losing all of your resources since you gamble only the money that you are WILLING TO LOSE. You are not chasing anything as you view it purely for entertainment.

What? I don't get it man. I mean that is obvious that you will not be having a profit if you will just let your balance, might be a crypto currency or fiat on an online gambling site or a casino.

Instead of gambling those money on the casino or maybe a gambling site, why not start investing in a good digital currency since we are starting to see the prices increasing slowly, it might surprise you.

Do not despise yourself of what you are no more. Do not dwell into the past because it’s gone and will never come back. You should be actually feel really proud of yourself. There are very few people who give up on this game. Besides, you don’t seem to lose a lot of your capital and as far as greed goes, believe me my friend, it is inside every human but gambling triggers it too much.

That should be the main purpose of every gambler but people come in casinos to play gambling just for making huge amounts of money in no times rather than to enjoy the game and for that they usually need to put large bets so that they can get instant huge money and when they lose the game, they have to face shame and regrets. A gambler like you doesn’t need to worry even Bitcoin’s value increases or decreases.

The thing is, if you're gambling in fiat, you'll have a bigger capital if the price of btc is quite high. You'd be spending less btc balance then. So it in a way, it will have am effect in your mind if the value of btc considerably drops or soars.

Yeah i'm not anymore because i know that it's in the past and i'am indeed proud of myself because i formed a kind of immunity to such tempting things that can drive you crazy and may engender very bad consequences . Things that can turn into addictions shouldn't be accessible for everyone because some young people could easily get influenced by and addicted to them and this could terminate their lives at a very young age ..
People should learn from others's experiences and make the difference between what may entertain them and what could turn their lives to hell .

Agreed.Once you know how to handle your gambling activities whether the price increases or decreases,of course you will not be affected.I admit i am also a gambler but i see to it that the money i used to bet in gambling is just an extra income from my gains so i won't worry too much whenever i lose in the end.

I'm glad i know exactly how to handle gambling and had minimized from doing it already.So it doesn't matter if btc price is low or high,because as much as possible i learned to divert my time into other activities than spending my money and time into gambling which in the end i only turned out to be a loser.

We have to be very careful when bitcoin price kept decreased because we have to invest more money before when bitcoin price decreased. It is best to divert ourselves from this gambling instead of investing, i am not mostly addictive to gambling.

I think it’s better for everyone to forget his bad past because as you have told earlier that there is nothing to do with the past as it is gone and the thing here which is more important is your future, so better for you focus on your future rather than to waste your time in your past. Very rare cases seen in gambling who are able to quit gambling in the very early stages as it seems to be impossible for the person alone.

I think it doesn'r affect my wins/losses since it's not affecting my probability of winning. Also, since the quantity of my coin is not being affected by the market, the play must go on in gambling.

It's indeed an impossible thing to do on your own and i'm very thankful for all the help that i got especially from my family that managed to keep me busy in my free time whether by doing stuff with me or just keeping me busy with some tasks , i remember that at my lowest periods they took shifts in order to keep me away from casinos ..
I didn't opt for going to psychiatric help because i was convinced that i was not "sick" and proving to myself that i can get over any thing even an "addiction" was the real challenge and i'm very happy that i met it .
My life has changed for the better ever since and progress isn't a slow process anymore , because due to my gambling habits it was a very slow process because all my focus was on gambling and not on real life projects .

I have no idea why the price of bitcoin will affect the gambling issues of everyone,since we bet here in form of cryptocurrency not i fiats,so whatever the value is doesnt effect any of us..

Unless the players is from outside whos capital using fiat and buying coins from within...if thats the situation well wish them luck because of loweet pricing

at least it still effects to me and I don't think that every gamble has much money. imagine if bitcoin price now at $9300 and we have 0.01 btc and it's equal with, for example, $93 and when bitcoin price increase at $10,000 that 0.01 btc will equal with $100, so we can reduce the amount of bitcoin, for example, we can use 0.007 btc-0.009 btc and we can keep the rest. or this will bring some fresh air for a gambler to use 0.01 btc but they have a bigger amount of fiat. so when bitcoin price is reduced at $8,700 and I think for using 0.01 btc, we need to spend only $87. usually, we use $100 to buy bitcoin, but if the price increase we can get more bitcoin.

While other are facing a problem with their investment how can you be very crazy, of course, you are winning through but many people are facing a lot of problems with the previous price corrections. People who are addictive to gambling won't bother about the situation of the market they keep continuing.

As for me, I completely turn away my back from gambling online because of the price of the bitcoin. The price is in dump so it will require more bitcoin to spend and I can't afford losing bitcoin this way. I think that it had affected me in good way because I am now doing other things instead of playing online like reading books, going out and etc., which are also better than playing gambling. When I am playing, I sometimes lose track of time but since I am prohibiting myself to play, I am able to earn proper food at proper time now.

Since I don't gamble using my coins it does not affect me wether it increase or in dip. I used my fiat money to gamble and I am more enjoying it in actual with my friends or neighbors compare to gamble in gambling site or online. I want to save my bitcoin rather than spending it to play gambling.

Gambling with fiat money may seem good to you, but others don't share the same opinion, gambling with bitcoin enables the instant deposit and withdraw of money and fast transactions which can never be done with fiat, and with bitcoin you don't need any verification or any thing which makes things way easier, but in terms of stability fiat is better, because as we saw back in December where transactions where stuck and fees got high which made working with bitcoin and gambling especially really hard, some online casinos have shut down because of the high fees.

I don't really gamble too much and I invest into casinos more. Based from what I am seeing in my casino investments, it would seem that the gamblers has lowered their gambling amounts likely due to price increase of bitcoins. Also, a lot of websites have been accepting altcoins as a way to gamble, and not just one but usually two additional coin for gambling, probably the effect of the recent sky high cost of moving bitcoins because of the high miner's fee.

Yes, I agree with you we all have different preferences even in terms of gambling ,I am really enjoying using fiat money and I am more prefered with actual which there is a direct betting with my co opponents and no need to make any online transactions. Yeah you are right the stability of fiat is more better than online casinos because of the high fees to be paid.

This month is another worst for me. Lol. I'm in the negatives now. 3 trips in a landbased casino with no luck. Was able to recover and break even though but as a gambler as I am, continue to take risk and play my capital and in just a blink of an eye, everything went up in the air. But nothing to worry though,, I can buy a lot of things with the money I lost. But I'm still ok because I can afford to burn that amount.

Well I am proud and very of myself that I stayed away from gambling and focused in crypto. I am not gaining profit and my loss from gambling is slowing coming back to me from my investment and my job. It was hard stopping myself from playing dice game but I know that doing so is going to have a good impact in my life so I have to resist no matter how hard it is.

congratulations to you as you can stay away from gambling, it must be difficult for you for the first time, right? but now, I glad that you can recover your money and I hope that you can fully recover the money and you can get much profit. yes, I know that it's hard to stop yourself from playing the games because once we played then we can attract to play more and more. and I hope that you can stay away from gambling forever and don't think to come back to play the games again.

What I liked about the December-January jump in BTC prices is that if you had $20 on your balance in November it became $60. I took part in poker tournaments with $3 entree fee, which I never did before because I can afford to pay $1 max for an entree, but since it was the same amount of BTC I decided I can afford it. What I didn't like is that if I won $15 in those days it became $5 later. :)

That is how crypto coins are. Volatile. Bitcoin is the most fluctuating coin and if you are expecting it to just surge up, it is not very fair. Volatility means changing positively and negatively, gaining value while at the same time there is equal chance of losing value. That is the sole reason why people were able to become millionaire with the help of this BTC. Using it in gambling means losing the chance of earning huge profits.

This is because most of the people are gambling more money making so the increase or decrease in the price of crypto currency will also change the activities of the gamblers.But for the normal gamblers the price movement may not affect.

But it also the good time to invest if you are a gambler because you can have more bits or bitcoins when we convert the fiat into crypto at the times of red days.

Gambling is a bad thing and deserves to be abandoned. You will get a bad day when you try to play gambling. There are many other ways that can be done. Although as an entertainment then gambling is still a bad thing. Avoid gambling games and it will save our lives. The future that we will achieve will be better if we are not in touch with the gambling game. Someone who has a future then must choose their own way. Believe that it will make us better and much more meaningful.

I intensely played gambling about 2 years ago, and you know that bitcoin price 2 years ago is not as big now. while currently I focus more on trading bitcoin, rather than gamble.

unfortunately I have not played gambling for a long time not because I do not want to but because I do not have time to play gambling at the moment but I still hear some of the latest news in gambling that uses crypto for betting tools and that's good enough because the profit is not just when gambling but when the outcome of gambling we invest long-term.

Then my friend, consider it a blessing in disguise that you don’t get time for playing this game. Is have a very good news for you in this case. Your money, health, reputation and relations are safe so far and if you want thing to remain this way for whole life, don’t even think about playing this ridiculous game. If we are given this life then I believe it should be utilized in the best way possible, not wasted away in the worst way.

I gamble with Bitcoin only at the moment, and a very small amount of ETH which one of my sites accepts. I have to say since all the limits there did not change, I did not change my habits. Always played in BTC values, and yes at the back of my mind I am thinking of dollars but at the end of the day this just means in the peak I was gambling two or three times more in dollars than I am now.

Small effect on thinking, but no effect at all I would say on gambling.

Most of my free time is occupied by doing school works and now, school works and reading about cryptos so I really don't have time for gambling. I have been reading in these forum and I know that there are people who have made fortune through gambling like betting games but I think I do not have that kind of luck. I won't risk my money in gambling and would rather wait for a profit even if it takes a long time.

Then it is good for you if your most of the time is occupied in doing things like homework and things like that because the more you will stay involved in these works, the more you will stay away from your gambling and it would be much better for you and your family because they really do care about you and when you get hurt, they feel the pain and they can’t see you suffering the consequences of gambling.

It really is the best way to stay out of gambling. Having something you could be very busy and focused with will divert you into doing gambling. People gamble so they can relax and get away from a stressful work but sometimes it doesn't help and will just make everything worse.

I am also a student and my gambling habit is only for fun. I play poker with my friends but we only bet low amounts. I also gamble online but that was before btc suffered a huge dump. I am being thrifty with my btc because I want to gain big profit if ever it pump again.

the past few months with btc dropping over half the price since its (ATH) has had me gambling more, I was smart and sold my btc at 20k so I double up in usd, and quadrupled in btc, with the price down whatever you make at this time, is going to multiple atleast x's 2 or 3 within the next month or so, I believe the last few months, price decrease has made gambling AWESOME!!!!

Wow you're in good timing of selling at $20,000. Sadly I wasn't able to sell during that time.
And until now I can't gamble with the current price but I have some few alts that I can gamble with if I want too. But I still don't have the appetite of doing so.

I know that people come for gambling because they think that by doing this they will become relaxed and stress less but when they are done with that, they become more tensed as they have lost some handsome amount in gambling and instead of becoming relaxed, they get more worried about their loss in gambling so it’s better for everyone to find something else to become relaxed rather than gambling.