Bitcoin Forum

Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
Bitcasino.io

Nothing change I think I have much money now due to the increase price and so it means I can play with my bankroll longer than it's supposed to be. I'm betting now with a lower amount of Bitcoin I always bet based on USD and not on Bitcoin so I think there would be a change in my gameplay.

well I think the increasing price movement of bitcoin will make us confused about using bitcoin as capital for gambling because the increasing exchange value makes us think that when the wrong bet will make us lose a lot of money, so if that's what we're afraid of then maybe the place gambling can provide the option of using altcoins whose exchange value is still cheap so that when you lose it won't make us regret because the value of bitcoin is currently rising.

It's a different case if gamblers are lucky they can get a lot of profit from using bitcoin to gamble, but unfortunately no one knows and no one can guarantee when that luck will come.

The gameplay remains the same but the betting amount has changed a lot. But even before the recent price increase happens, I have already preferred to gamble with my altcoins rather than my little amount of Bitcoin. Sometimes it is really hard to gamble when you know very well that the cryptocurrencies you are playing with are increasingly becoming high in value.

If I say my thinking about other gamblers then yeah, it' normal that when the bitcoin/market price start to rise most of the gamblers and even most of the start to be more active even after long time inactivity. It's normally happen phytologically IMO.
Now if I say about me, to be honest I gamble rarely. And after price improvement of bitcoin nothing changed happen to me basically in gambling cases. :)

It's not affecting my gameplay because I don't use bitcoin to gamble. If the bitcoin price rises, the altcoin will go down, which can help me get more amount of the coin that I used to gamble. I feel that bitcoin is too worth for me if that is just for a gamble, and I prefer to hold my bitcoin or trade to increase the bitcoin amount. But if I can win the games and get more of the altcoin, I will convert it into bitcoin, so I think that can give me more satoshi.

No big change in my case.
People are looking mostly in dollar value when they place bets, so I think they bet more in terms of dollar but they spend less bitcoins.
For me 1 bitcoin is still 1 bitcoin ;)

Yes, indeed! Normal fluctuations in bitcoin price doesn't really affect, but definitely yes when I see such kind of price increase! Even though the market is again going down at the time of writing but my weekly budget in dollar value has increased due to the price rise. So I have playing with less units of bitcoin.

So for me, the price increase definitely affects my budget as I don't play with a lot of money anyhow. But I try to reduce the bitcoin units during such kind of price rise!

Actually I don't see any effect of the price spike of Bitcoin to my gameplay I'm based my bet on Bitcoin like betting 0.001 fixed and the likes.
And the price rise of Bitcoin really doesn't affect maybe if I withdraw it and convert it to fiat there could I see the effect of it.
Let's just hope it will stay on the current price or maybe should increase more.

I wouldn't think that it would be more challenging; it's just that you are risking a hell of a lot more money; when you convert your BTC, it's going to be mentally challenging to gamble the same way. Imagine back then when BTC is still in its early days. Most of the gamblers that lost $100 ago then should be worth millions. It's always about value, IMO.

Profits would still vary on how much you are willing to risk so it would definitely change with the fluctuation of price.

For me it affects a little knowing that my currently Bitcoin I'm holding worth more than just last week or so and I really thinking if I should stay with my current bet or should I reduce it. Well this is an interesting topic I might get some ideas from other players on what will they do knowing that the price of Bitcoin is increasing.

I would never desert my bitcoin for the sake of gamble, instead i will use altcoin to earn bitcoin. I can't afford to take risk my bitcoin, i can't afford to lose it because bitcoin was worth enough to keep and hold than to trade or gamble. But in altcoins i cannot either afford to take risk my ethereum i will either gamble my binance and other altcoins instead. There are some altcoins that were good for gambling aside from binance. It is up to our references which one will be good enough for gambling.

Gambling is gambling. The higher price of bitcoin does not really affect my gameplay at all. For me, gambling is a sort of entertainment, and bitcoin ( as well as other cryptocurrencies) is just a form of transaction which help me to access the casino. And I believe that every penny I have deposited to a casino only has one purpose: only for games, games, and games.

I acknowledge the power of managing your money so that I always split my money into several parts. And clearly, there is a part call gambling money. I have already saved a lot of cryptocurrencies in my personal wallet so that nothing bothers me while having fun on the internet

Is it not the other way around, if the price starts to rise it will be easier to get the profits in terms of dollars valuation ;D . If you are gambling on the go and if you need to purchase the coins when ever you gamble then it is not a good situation but other than that anyone who gambles does not really care about the price and as a gambling site representative you know better than the rest of the general users ;).

Not much. But sometimes if casino doesn't change the minimum bet, I think it will affect some users including me. For example, some casino asks minimum bet of 10k sats which was ~$1 while it has now turned into ~$1.3, in case it worths more than current price, I will certainly be neglecting the site which requires minimum bet of 10k sats as I place a lot of bets on tennis someday. I believe there are a lot of people who bets small amount on a lot of matches.

I don't understand that statement  "Some gamblers think if the price is so expensive it would be difficult to get profits".  This may be the case for those who are trading bitcoin, but I'm not sure how this applies to gambling?  Personally if the price of bitcoin does rise, then I tend to bet a little more since I now have more that I'd be willing to lose. 

Not that much since I still keep the same amount of Bitcoin bet as before no matter what the price of the Bitcoin is. So in overall my gameplay still the same even if it rises or even if dumps but I think it depends if the gambling casino have a feature of you can look at your balance in $ or €

Honestly, it doesn't really affect my gameplay or how I gamble because whether bitcoin's price increase or decreases, I still lost and managed to win a considerable profit in gambling. I only get motivated to hold all of my bitcoins when bitcoin's price pumps up, which is why I temporarily stop playing gambling for a while. So I could able to maintain my long-term investment until bitcoin reaches its ATH again.

It it affects my play in the sense that when I see the price of bitcoin going upward obviously I want to keep it and get part of those profits and when I do gamble I also adjust down the size of my bet accordingly because even if I am playing with the same amount of bitcoin the fiat value of my bets has go up and I try to compensate, other than that nothing changes and I keep gambling for as long as I want and get the same amount of fun I did when the price was lower.

I don't really think it affects on how I play in gambling casinos and sports betting my bet is still the same as before I think that's the great thing in playing with cryptocurrency I just consider them as playing token and doesn't care about its price so I think no matter what price it is low or high as long as there's no change in the minimum or maximum bet on a casino or sports betting site it wouldn't affect my game play.

Actually I don't play during these price increase since I tend to trade most of these time and hold some till the price shows sign that will decrease. Though it's really attempting to play more at these time since if we won we will be able to get BTC in a higher value if we're lucky enough to win maybe will still alot time to play once my set amount reached these days but will better play safe and only play with minimal budget  still.

Likewise when you win, you will win more than usual in term of bitcoin price but in number I don't think it makes any difference. Why should we be confused just because of the price ?
There are two option that can be used if the gambler is concerned about price in my opinion and they are:
1. Lower the betting limit.
2. Change to another method.

When we use bitcoin to bet, we will either spend bitcoin or win bitcoin on that bet. In number, I don't think it will be affected, but from a price point of view one might consider it.

Not really affecting, the more BTC we get when we win.
It affects me however since I now decided to not use BTC to bet on casino but just the altcoin. I'm saving BTC because the price after all is increasing. For me there is no need to use it to play on casino because I can after all gain USD just by holding it. And then there is the withdrawal and transaction fee that also are increasing up to $8.

I am gambling with bitcoin from several years (since it was around 500-700 USD).
Short move will not change my gambling habits and generally speaking I am not worried to play if price is rising.
the only thing that I have changed from the beginning is related tx fees. I have changed a lot the way I am using some betting site since saving some fees provide clear results.

I just set the bet amount based on fiat (for instance, I consider placing $10 on some outcome), and then choose the appropriate amount in Bitcoin based on the current price. So to me, there isn't much difference. However, I can imagine people who would hodl when the bull run is starting and won't allocate the usual amount of BTC to spend on gambling, but they would try to spend more when Bitcoin seems at its peak and the downward trend is about to begin. In also remember that when the price increased in 2017, it was a big issue for gambling because of the fees that made one think twice before depositing or withdrawing money from a website, but until the fees don't go beyond reasonable, the price is not something that changes my behavior.

There's no much of a significant change for me regardless of the price of bitcoin as I always limit the amount I will spend on gambling. Also, I think for most gamblers here, the price of bitcoin is not the basis of their gameplay, probably, they will continue to play until they are already satisfied and entertained.

If some gamblers think that the rise of bitcoin will make it hard for them to earn a profit, their main purpose for gambling is for income. But since I gamble to have fun, it's not really my concern, and I just gamble until I want.

Bitcoin price doesn't affect much in my game. But there is a advantage while the price goes up. The same amount of btc profit become more in usd value. I always focus on crypto profit amount while I gamble. For this the price change don't have good impact in my crypto gambling session. So when the price is expensive it would be easy to get profit not difficult.

It does somehow affect though if the minimum bet of casino is still the same after Bitcoin rise then the price of Bitcoin to USD is quite high if you come to think about it. But if it is a fiat casino I don't think converting some Bitcoin would affect the gameplay. I would say it's quite convenient if during Bitcoin pump don't choose a crypto casino but instead choose the fiat one if you want to minimize your losses. Especially the one that you want to play for entertainment only.

It always does in my context. I seem to not deposit any more amount on gambling sites when the prices are high. Not necessarily that I'm using them or exchanging them to fiat but just because I don't want to miss out on the ultimate bull run. I was hoping even to withdraw my coins if the prices reached 15K but they didn't. It's mostly because I mostly compare every bitcoin I have in USD as well the bets placed are mostly in USD calculations.

Well, it doesn't necessary. I always bet on small amounts so when calculated in fiat I just spend a little less for betting.
When the price is on the rise I always get another motive to hold more although it's hard to tell how long the growth is going to last and where will it end
However, I always put on side some amount for gambling.

^ In my own, changes in the value of bitcoins won't affect the profit in gambling for whatever or how much you bet in a game will still depend on whether you lose or not. Every gambler barely knows the current value of bitcoins every time they play, and besides casinos would definitely provide a winning price that is also fair and square to both parties, the players and the casino. What probably may change is how the players would spend their bitcoins in gambling if they know that the value of bitcoins is consistently rising each day. Nevertheless, at the end of the day, it will be one's discretion on how he will keep or spend his bitcoins in gambling.

Yes it does in the way that if the price is currently bullish, as is the case now, I wont be gambling as much than if the price were stable. 
I am a small time gambler anyways and worry more about the expensive transactions fees.

It works to my advantages there is a specific value or amount of Bitcoin that I allocated in my playing time and and specific amount when betting when playing I based my bet on dollar and not on Bitcoin so that means additional funds for my playing time, the more Bitcoin become valuable the more funds I can allocate in my betting.

Im not really bothered when it comes to price but the only thing that hassles me when using up btc in times like these were everything is mooning is on the fee's itself.

I cant really afford to pay up more than $2 for fees and if you do pay less then even reaching 1 confirmation would take lot hell of a time and this is where

altcoins do their job where i do tend to play with alts when network congestion and high fees do happen but overall in talks of price or value then it wont
matter yet i do always make up conversion to usd and based up on how much i would be willing to lose for that time.

The same thing happened to me. Since the crypto market is going up now it will have an impact on my gambling. Everyone who is involved with cryptocurrency knows that when you go somewhere in the crypto market you will get good results.

Because I want to take my position as much as I can now. However, it will not have much effect, I always keep separate money for gambling which I use only for gambling.

Of course I am not based on the price of bitcoin going up or down, but the benchmark is the number of bets that have been prepared in gambling.
In gambling, always use the lowest if there is an increase in the price and the average of the gamblers will hold back when seeing the price of bitcoin rising high, so bet on altcoin or bitcoin thus I will do it when there is enough of the bet amount.
Gameplay will continue to run for me, no big influence.

If the change of betting amount is part of the gameplay, I say that it's a yes.

Changing the amount based on the market's price does contribute a lot to the way I play. But emotionally, I want it more to see go up so that I can bet with the smaller denomination in BTC knowing that it's up and does have a value.

But if the market starts to go down, I'll just go back to normal. I don't know if others are also like that whenever price increase.

No pressure at all nor it affect my gambling style. Why it should be in the first place.

Since my capital was always from BTC, then I disregard the current exchange rate and just continue to my usual betting.

As always, I do my best to maintain my winning stats. Bitcoin price doesn't affect my focus.

The price going up doesn't affect my gameplay because I only gamble with small amounts. I keep a larger percentage of my funds invested in bankroll or in my personal wallet to avoid temptation. It does feel more satisfying though when you have a nice win, like a few thousand satoshis, and it is now worth more than it was a few months ago.

I have noticed that my referral earnings have gone down recently so maybe it has affected how they are playing.

Not a gambler myself, but it should affect peoples gameplay. If the price of bitcoin doubles, people would not be betting the same amount of coins. They would rather prefer betting smaller amount, which might make them feel like they are placing "low" bets, but in fact they aren't.
Again, there are people who might want to hold into their coins and not gamble when they start seeing the price of bitcoin rising steadily since it is going to be a risk free way for them to get some profits from their coins. And then there are people who starts betting more since they have "extra" money from those price rise.

if we will not mind the price we can play just like the old way but for the gambler that constantly check and mind the price , he will not have a peace of mind and this affect his gameplay .

for me i dont care if what are the price of btc but as long as i have a money to deposit i will play and will deposit same amount of money . difficulty of getting a profit will always be the same , its hard to earn a profit in gambling no matter what is the value of btc .

Personally, I don't usually used Bitcoin for gambling because i prefer using the altcoins for their low fees. But the use of Bitcoin for gambling to me is not good as you tend to pay higher in fees. Most of my coins for gambling are majorly altcoins which help me minimize fees, I see those gamblers using Bitcoin to gamble aren't doing any good to their gamble.

Nothing has changed for me because my deposits have been placed on gambling sites for a long time. In addition, I have enough coins in my wallets that I don't need to buy with cash. If a person does not buy cryptocurrency for cash to place a Deposit, then it is unlikely that anything will change for them.

The position of altcoins as bitcoin soars is in good condition despite the effect that it gets. Yes, the fees are lower in altcoins but it's different from the psychological effect you get when you gamble with btc. You're even more conscious if you gamble with your btc because you know that it's more important than the altcoins that you're gambling with although you have the option to trade those alts whether you win or lose into btc afterwards. Mostly, gameplay doesn't change if bitcoin's up and you're even crave more to continue.

A lot of people get pumped up when they see bitcoin's price increase It's totally understandable as the mentality this gives the bettor is that what they usually bag home will become even bigger. However, more players playing means more players losing money in the process, especially for games that restrict to only one or 2 winners.

It's not a affect my gaming play in betting amount of bitcoin because even the rise is rising the I bet of  same of amount of bitcoin.
Maybe to the other people they decreased betting amount of this coin because the value is rising but for sure for the others is not.
There is no changes to betting when you are in gambling games but if you converted fiat to bitcoin that's the time that you have less bitcoin so you can bet less also but the value is same.

For people who do tend to accumulate bitcoin without minding its fiat value then betting on the exact amount will really be there but most of the time
where people do depend on whats its current value so it would really be lesser specially if price of bitcoin is soaring that high.On the question does it
really affect my gameplay? no it doesnt when it comes to concentration or some sort but for casual fund management then it do just stick with the
traditional way.There might be some adjustments (which is normal) but overall it isnt really that much off an issue.

There should also be a dependence on how a person counts their losses and winnings. If a person keeps records in bitcoins, then nothing should change for them. But if a player recalculates their winning and losing bets in dollars each time, then the person can start betting less so that they don't need to adjust the statistics calculation.

I like this topic, because I am also curious about the members here whether the increase in their Bitcoin price affects their gameplay.
For me it doesn't change much regarding the gameplay when playing gambling, with the increase in the price of Bitcoin in October this
made me reduce the number of bets that I usually use. For example, for sports betting I used to bet 0.005 BTC for one match, after
Bitcoin went up I reduced it to around 0.002 BTC. Likewise with other gambling games, I reduced the number of bets.

In the previous bitcoin price rise it didn't but right now it did somewhat affect my gameplay. I had to slightly reduce my bet size not only because of the price but whenever these rise happens the transaction fees and confirmations becomes more costly as the mempool becomes flooded with so many transactions. And I always deposit the smallest amount possible so I don't end up playing way too aggressive.

Really expensive these days, that's why those casinos which are accepting other alts like doge is very handy to some players. Since I'm not really a regular gambler, this rise doesn't affect much on my side. As I only gamble when I do have extra, so for me, when I allot that money, I already consider it as loss.

This only affects those gamblers that convert their fiat money into crypto for betting.

If a gambler has some nice reserves of crypto, and that's what they used in their gambling activity, bitcoin price has nothing to do to affect their gameplay.

That's why as much as possible, I don't want to use my fiat then convert it to bitcoin for gambling purposes. It will add some pressure to me to always win if the price went upwards.

It has not affected my gameplay but it only decreases my regular bet (in bitcoin term). i was taking the dollar value as a price floor to determine how much I will bet on the platform and when bitcoin price is rising. I must try to decrease or adjust based on the current price of bitcoin. There's no change. People who have been betting use bitcoin will be adjusting their bet with the price that's reached by bitcoin and that's it.

I do fund my gambling site account on a USD exchange basis so i dont think that the bitcoin price movement affect my gambling hobby. The gambling site I’m using also used USD conversion, on Roobet for example. If bitcoin reaches a new peak maybe i stop gambling for a while and hold my bitcoin until i make a big profit. Gamblers didn't care that much about bitcoin price, we all want to have fun.

Do you buy Bitcoins for fiat currencies on every bet? Or do you have Bitcoins purchased in advance and you spend them a little on bets? I'm just wondering why you started doing this. Personally, I have not changed the size of my Bitcoin bets. Of course, if you recalculate the bets on the fiat they have increased significantly, but I bought Bitcoins at least a long time ago, when they cost another 8000.

No, I still bet the same amount of btc for every game of mine, since I have enough btc in my wallet to play, I don't need to exchange fiat to btc everytime I play.

The only affects in sudden increase in bitcoin is if ever I win, the value of the amount I won is much higher than my previous game. It is a good situation not only for me but also for every gambler. It does not affect but it is a good motivation to keep on winning.

It will only affect my gameplay if I funding my gambling thru my own fiat pocket since I need to deal with the exchange rate.

But if I have saved BTC (which I currently have, as always), then I disregard any BTC price movement as up or down, still, it's 1:1 and just continues with my usual gambling.

It's difficult to focus when you think that you need to win at any cost since the BTC price is expensive to be considered.

It will not affect my gameplay no matter what. I don't care about the price of bitcoin or any crypto currencies that I am playing, what matters is either I am winning or I am losing. Another thing is that as long as I can gamble with my money, price change won't affect that.

Yes it is I now preferred to bet using altcoins than using my Bitcoin I feel that now that the price is increasing I am losing double the amount fo I'm betting I pegged my bet on dollars so when I lose a bet and the price increase after my bet I feel that lose twice of the amount, I prefer to use Dogecoin, Tron or coins that hardly go up.

With the bitcoin price now increases, I prefer to use altcoin to gamble. And nothing changes with my gameplay because I want to save my bitcoin and sell it at a high price instead of using it for bets. Besides that, the altcoin price, such as dogecoin and litecoin, is not too high compared to bitcoin. I use dogecoin so far as placing the bet. Using dogecoin, I can buy so many dogecoins at a cheap price, and I can use a small amount to gamble. I don't want to feel sad if I am losing gambling using bitcoin, and if I am losing gambling using dogecoin, I don't feel too sad.

Nothing changes in my gameplay because I do not use cryptocurrency in gambling, I usually use dollars for betting so there is no relation between the price of the cryptocurrency to my gambling habit but actually when the price of the bitcoin keeps on increasing I just set aside the gambling because I keep on focus on the bitcoin, maybe that is only what the prices of bitcoin affects me on gambling, nothing special with it.

I prefer to quite gambling for a while and collect bitcoin as much as I can. At least I can get profit through to hold it and sell when its price will fall and I will start to gamble. Because now I play gambling using bitcoin that I got from my signature campaign per week. And it seems like that is the best way than spending money that wins or gets a profit from it is only have a few percent and that would be a shame. So, when I got a profit through my holding I use the profit that I got to play gambling and I'll use it as a money that really I can afford to loss.

Actually i don't use Bitcoin in gambling online instead it is dodgecoin or Ripple since cheaper and less fees .
but profiting in gambling if you are not looking into cash value is not that in effect because it is the coin we use and not when we withdraw.
oh well surely there is no effect on you since it is Fiat that you use in gambling while majority of us uses crypto.

A real gambler won't think that way, price may not affect the way they gamble normally unless if you are just a casual gambler, on/off to gambling. Because though the price increase 1BTC is still equivalent to 1BTC (nothing has changed) no matter what will happen. But if we think how much its values if converted into our local money, obviously is a huge sum of money which might hold you and think not to gamble this time. But a real gambler never minds that thing, what is important for them is that they still have money gamble.

I haven't thought about it when placing a bet to be honest. I just count how many zeros I add or remove (not a huge gambler I know) then click. Sometimes I ponder the value of my total BTC in fiat whenever I plan to withdraw though. Feels like your luck doubled when you're winning while BTC is pumping.

Well, right.
Because for me, the rise in the value of bitcoin wouldn't affect me much in my gameplay for the profit that I will possibly gain will be fair as well. Instead, it might only change on how much I should spend in each game because if the value of bitcoins raises then I should lower down my spending if previously I can spend 1 bitcoin in each game then the value rises to 100% then I can lower down by spending into .50 of bitcoin since the value is just the same. We all know that if we spend a certain amount in a game and in a consistent value then the return will be the same if we win. Moreover, -- if we keep on playing while the price of bitcoins keeps on rising then on the succeeding days our bitcoins will be on a higher value.

This one doesn't come to my mind whenever I gamble.

It doesn't matter to me whether the price is high or low. If I already put my money in a gambling site, that's it. 5 BTC will remain 5 BTC in the site unless you converted it into USDT and used it for gambling there then its a different scenario. Bitcoin's price only matters for me if I will withdraw my funds (that is only when I won).

Well, most of us are losing in gambling right so why bothering the rise of Bitcoin's price :D.

All had been into that kind of situation where we will going to stake smaller bets of using bitcoin because bitcoin now is expensive and higher fees also will going to apply.

Anyway, cheaper or expensive bitcoin price what important is that we can still enjoy in gambling. With the help of bitcoin and no KYC will get a gambler a very good experience in gambling.

Another good thing is that we can use other altcoins as well instead of bitcoin. There are many gambling sites accepting other establish altcoins as well.

a simple solution would be using an altcoin. which I have been doing this past few days. so my answer is the rise of bitcoin's price doesn't affect my gameplay since there are a lot altcoin to choose from if the price of bitcoin is too high.

it's probably because if they bought bitcoin when the price is high they would have less BTC, so they would have bet less, therefore, less BTC when winning. there is also that the price of BTC drops down after they bought when the price is high.

Nope because i use altcoins in gambling here online because Bitcoin Fee will kill you in time that congestion is happening and price is Pumping.
So for safe betting i choose Altcoins and it helps a lot for me.
I don't know if there are gambling sites that accepts Stable coins like USDT ? sorry i am Playing in my old sites in which not offering accepting stable coin for now.

Now that I read about this, I never really put much thought into the price of bitcoin until now. I was still regularly playing with $100 in bitcoin every 2 weeks or every month, and it is until now that I realized that we crossed $13k and have been sitting comfortably in it. Honestly this hasn't changed my gambling habits one bit, though the past few weeks I wasn't able to hop on in a casino due to a lot of reasons. My playing stash or spending stash is very different from my hodl stash, so I don't really change much when it comes to the amount or the currency I'm using to play.

Whenever Bitcoin  goes up I stopped betting or using Bitcoin and just bet using other coins, like Ripple Doge I felt that I am losing twice of the price of Bitcoin that I bet and lose, but when the price of Bitcoin is going down, that's the time I use it for betting, I still believe that another all time high is coming and could be double of the last all time high.

For me the rise in bitcoins definitely made a difference in gambling. In the beginning I used mainly bitcoins to deposit money at online casinos. But since the price is so high now, I tend to deposit with FIAT money instead. And when I withdraw I usually withdraw with bitcoins. So gambling became another way for me to switch FIAT money into cryptos. In general a bitcoin rise shouldn't change our approach to gambling, we can still make profits.

what if you win ? it didnt came to your mind that you can also win big not because of the bet you make in gambling but because the value of btc increased .

 when you bet using the altcoins that you said , that is boring and less exciting because those alts rarely move and this was also the time that btc increase and alts didnt followed  . profit and losses are not the main affection for btc gambling but the speed of transfer and the sending & withdrawal fee are as well affected .

Yes, most of the time since I felt guilty every time I spend my bitcoin on gambling and I know its not worth it so I hate seeing Bitcoin pumping after I spend bitcoin this is really hurt.  :D I'd appreciate the value of Bitcoin so I only spend altcoins especially ETH for the past months, in short Bitcoin price affects my gambling decision, I just want to hold it more than to spend it.  :D

There is no difference, the ups and downs of the price as long as I have no luck in gambling then it is still a loss. So for me personally, the ups and downs of prices really do not affect the gameplay in gambling and even though there are changes at least it is just an adjustment and I think adjustments in betting are natural because consciously or not those changes will do by every gambler even when they lose and win.

This is a very interesting thought process. I would have thought people would become more apprehensive about gambling with BTC and similar high market cap cryptos due to the potential value it may have in the near future. Imagine gambling with 0.2BTC now and you lose, but in December BTC has reached 18k, wouldn't that make you extremely irritated?

The opposite side of the argument could be applied to the opposite scenario but this is not as risky as you'll be benefiting anyway but the risk of losing the initial investment for me doesn't make it worth it. Unless, of course I feel extremely confident about my winning strategy, like you you could do in Poker.

Yes because the btc value of my bankroll gets smaller while its price increases every day. It became more difficult to accumulate btc at these times. It also makes your number of bets lesser.


The profit stays the same, but as I have said above if you are comparing it to btc decimals, it gets smaller.

Does Bitcoin price rise affect your gameplay? Not really affecting, the more BTC we get when we win.

gambling became another way for me to switch FIAT money into cryptos

The sudden increase of bitcoins' value has no direct effect from my gambling experience because it is all about the price of bitcoin itself and not the rates from Casino's or anywhere you can play gambling. The increase of bitcoins' value is useless most especially if you don't have coins. It's all about the quantity, the more coins you have, the more chances of playing.

If you win, yes, you can get more bitcoin, but you never know when you will win because we are playing gambling, which we don't know if we are lucky or lose the money. We can hope to get the win, but we need to manage our bitcoin to play gambling.

I feel better to use altcoin to gamble because if I use bitcoin, and I lose in that win, I will feel sad although I lose for a small amount. As bitcoin price now can increase to $13k, it will have a chance to rise higher, so I think it is better to save the bitcoin, and we can sell it to the new ATH in the future.

Yes I avoid using Bitcoin when the price is increasing I prefer betting with Tron Ripple and Eth, I prefer my Bitcoin to be in my wallet when there's a big pump going, the price of Bitcoin is moving fast than other altcoins when there is a bull run, it's the most valueable coin in times of bull run.

It does, quite a lot for me. When Bitcoin prices go up, I tend to not play as much as when btc price is really low. Because if the price is around $4k hypothetically for a coin, that means I can get 0.001 btc for $4 only, relatively low and hence I would like to gamble it and try to get more btc so when price goes up, I can have good fortune while when the coin prices go up, I get scared of losing lots of money if am not able to control gambling away my saved coins!

It matters on what will happen to the market price of Bitcoin since if the timing is not good and betting when the market is collapsing provably you will lose the value and didn't know if you are in profit or not. But what good thing there is once the price recover back and you accumulate more volumes then this is a jackpot for you since we can earn huge once the market is on his best shape.

That's what I do too. Less chance of losing our BTC but then we also not win some BTC. While it doesn't change us to stay away from gambling, it might just be worse risking soon when the value of BTC we hold will be much more. The strategy used to play the games in casino still is the same with altcoins, the gameplay never change whichever currency we use.

Bitcoin price increase will never affect anyone's gameplay and making profits. 1 BTC will be always 1 BTC no matter what the price is, it will only depends if he'll convert it to fiat or not, because that's where his profits will be based. But if a gambler deposited a 1 BTC when it's price was $13,000 and make a profit of 1 BTC and it's price was $7,500 per BTC then he could just continue making it double or even triple and wait for the price to go up more than the half of the price of what he deposited to gain profits, simple as that.

I had to learn the hard way how to give importance to the numbers and digits I was betting upon. My brain was thinking in terms of USD and considering some huge bet I did in the past I could be considered a whale nowadays.
Now even betting 0.01 gives me a sort of discomfort.

Yes surely, i've even had second thoughts to keep playing because the most difficult choice is. To continue playing and loss money or stake Bitcoins. So it can grow in value while in a bull trend.
That's why, i always end up staking most of my crypto because its the safest bet, and play using micro stash.

This is so true not just in gambling but to the overall Bitcoin experience. There were days in the not so distant past when even a whole Bitcoin is not that hard to get, play with, or convert to cash. This is the downside of crypto gambling. You will lose not only the crypto you spent and lost but also its future value.

I really feel how 0.01 in Bitcoin is now very precious I won't even make a single bet with that amount ever again. Gone are the days when Bitcoin was cheap and easily wasted.

Maybe if I am a kind of person who uses Bitcoin for betting then I would say yes this kinda affect my gameplay. Not directly affecting gameplay but the amount that I will use as a bet. Since Bitcoin is now gradually increasing and so for the transaction fees it would totally make me think twice about my bet. Right now for what I can see on Bitcoin was so expensive that is why I've been using other currency.

On the other side t it, this is suppose to be a profit time for gamblers as btc has appreciated so also the winning are.  Especially if you already have some btc balance in the account. It will increase and give you better chance to multiply your stakes you are gambling for.

There is really a some psychological effect especially when the price of the bitcoin moves upward and we have a money in a certain gambling websites, for me there is change in my decisions and in my gameplay especially on the amount of money that I kept betting. Even if the price of the bitcoin just increase to 10%-15%, I will lessen my betting amount in to 50% and for me it is good decision for me to feel comfortable. I just betting the money that I afford to lose and that is why I do not increase my betting amount especially if there is a price increase in the bitcoin for me to remove the uncertainty and have a confidence in gambling.

There are also times that I withdrawing my funds knowing that the bitcoin has momentum and I switching it in trading platforms to not waste the opportunity and when the price will become stable again; I will switch it again into gambling website to not lose the opportunities out there.

As a matter of fact the chance for a gambler to take profit when betting since the price of btc increase. Also, I observe from others they are taking this chance to bet since the price is high which they might catch to win the game. Also, I’m just a small time gambler so it does not affect me in a gameplay, and also it depends on a person on how he can manage his funds during this time of bitcoin price rise.

People in the past gamble 100 btc at once like it is nothing , they will realize now that was stupid call.
Yes that shows how the impact of bitcoin price increases makes people tend to hold themselves to not stake the usual amount like before
Regarding the games much harder to win when the priceup is bullshit to me.

Of course, it does. I play these games to earn money. If Bitcoin is increasing and I have bitcoin, I don't need to play these games. The opposite is also valid. The more the bitcoin price declines, the more I play.

It makes sense in various ways like if you are a Bitcoin holder and you have some funds and you are also trying to make the amount big then you should try to increase it by hook or by crook. The cryptocurrency market and gambling both are two different ways that can be followed to increase your money. Bitcoin price is increasing which means the market value is getting big. In gambling, you need to make successful bets to increase. So without any risk, Bitcoin holder can be benefited rather than gambler.

That's the beauty of it, when you are playing using bitcoin and the value rises up while you are in the winning side, the earnings is more enjoyable if you quit in the right time.

But in the other hand if bitcoin rise and you are in need of exchanging your fiat the value of bitcoin will hurt your initial capital.

It's also giving some doubts risking such amount if you are more into converting the value
while playing, it affects you especially if you are very furious with your money.

I think it effects my gambling and betting. I bet with BTC in various football matches. Now bitcoin price is so high. So, if want to make 20$ a day I don't need to win so many bets, where in earlier I need to win extra matches for 20$.(20$ is just a example here). So, yes BTC price have an impact in my gambling experience.

With the increase in Bitcoin so fast, of course it had an effect on me when I was going to play gambling. Usually for gambling capital
I convert my fiat into Bitcoin first, with the Bitcoin price rising, affect the amount of Bitcoin I will use for betting to be reduced. So if
gambling sites have a choice of altcoins, I prefer to use altcoins to play gambling.

It has its own pro's and cons but in talks of accumulating bitcoin then it would really be that ideal to play when the value its still on the low side yet if the price tends to increase
then fiat value will surely be on greens.Some of us doesnt really matter on what would be the value on the time we are playing because we do just base of on the current fiat
value before making deposits.

The hassle thing i do find out when market is increasing is that fees is always heading that way this is why i do really switch up to alts to avoid those circumstances.
Fees + transaction time will really be a headache.

Many gamblers got an effect on the increase in bitcoin, and many of them are changing their bet from using bitcoin into altcoin. Perhaps, we can use altcoin, which does not increase too high if we want to play gambling. But I think the gambler who has a lot of bitcoin, he will not get the effect of this because he can still use his bitcoin to gamble without thinking about the bitcoin increase or decrease.

But perhaps, it is a good time for us to take a break for a while from playing gambling and try to make more bitcoin as we will make another profit from the increase of bitcoin price.

Well it does affect my gambling activity a bit. But this only applies if I won because its more fun knowing that the value is high and yet I have bitcoin to enjoy. Otherwise it is also depressing to lose bitcoin in gambling in times the price is high, I can only feel these regrets when I lose it all, though I dont gamble often.

If people can gamble one satoshi then they will.  if 1sat is worth the equivalent of $1 then they are wagering $1 - if 1 sat is currently worth 1/^100th of one cent, then that is what they are wagering.  Some will wager the lowest amoun they can while others will have a set value (be it $1, $5, $25 etc) that they wager.  Bitcoin is just the tool to facilitate that wager.

People should just save their cryptocurrencies.

But the problem is that people don't care about that, as long as they can gamble they are fine. The price increasing would be good for investors but for the gamblers, I don't think so. I did see some changes to the fees in some online casinos in the past when the price increased but I don't know if that also happens these days.

Gambling always comes with a 50/50 chance and as such, your acquired risk and wager determines what your estimated win would be but then, increased BTC price is a good thing for betting. It would create a biased mindset in bettors as the possibility risk of loosing this wagers in betting is always there but then it also has a reverse which is winning. 0.0001BTC remains 0.0001BTC, it's just it's value that has changed so, if you've been eating in a specific amount, BTC price rising doesn't stop you from betting besides, if it raises and pauses at some point, your still going to keep betting with a desire for some increase as it always has been. So do the games and BTC price goes. It doesn't mean much.

for me, it does not affect because I have prepared special funds for gambling..  those who are affected by the price of Bitcoin when gambling must be unprepared in terms of funds so that when the price of Bitcoin goes up that person will immediately withdraw all their funds and sell their Bitcoin..

I can't say that I am not affected by that but I will not be irritated by that. If I will be bothered by the price changes of bitcoin I think that would just make it harder for me to gamble and to buy and sell. As I said, as long as I can gamble or as long as I can use my bitcoin, that is fine. And yeah, I already have some mBtc in some sites so I don't actually send another if that also includes in your thoughts. To be honest, if I will not be looking at the price, that amount stays the same.

It cannot affect directly but for those who has a lot of funds and loves to play gambling a lot, it has a big effect for them because their the value of their coins will increase and that would be a great opportunity for them to play more since they have a lot of money to spend. But for me who plays gambling just for fun it doesn't matter for me if the bitcoins' value rises or not.

I hope your funds will not be as bitcoin because you can see that if bitcoin price touches the high price, it is better to hold your bitcoin for another high price or you can sell it at that high price.
You can use the altcoin to playing gambling instead of using bitcoin to gamble because I think bitcoin is too worthwhile to use for gambling.
That will be different if you have many bitcoin, you can use your bitcoin to play gambling, and you will not worry if the price rise. Besides that, you will not get an effect on your gameplay.

If a gambler is often playing crypto gambling, I think he will not affect the bitcoin price, even if the price rises higher because he will only want to play gambling. He will have another solution to continue his habit of playing gambling, and he will still use bitcoin or altcoin to gamble.

The increasing of BTC price is really a big factor that affects my gameplay, because whenever the price of bitcoin is increasing then the gas or the fees of transferring or depositing the btc to the gambling website is also increasing. In that case if you wager a huge amount of bitcoin or btc then probably the high percentage of chance you may win but on the other hand there is also a percentage that you may lose.

Gamblers can also still gamble even when the price rises especially if they are willing to spend that specific amount and willing to risk that amount. Although, it's better and a smarter choice to save and hold your bitcoin when the bitcoin price is increasing, others still prefer to gamble regardless of it. And sometimes I am guilty of that, but I always try to limit the amount I use in gambling because I don't want to overspend since my priority is to hold bitcoin than to gamble it.

Why are you promoting a casino and posting in this section if you think that?  ???
I disagree with you, people are free to do whatever they want with their cryptocurrencies, moreover cryptocurrencies have value because people are using them.
If evrerybody was just saving their cryptos as you are suggesting, they wouldn't worth anything.

If you really are thinking that the price of bitcoin is getting higher and higher, there is a big chance that you are getting too tense and might give you a big problem while you are gambling and that is not a good thing but if you are not getting affected by it then it will never change your game play and you may play same as you play normally. Bitcoin might have a price rise but if you really are a gambling enthusiast, you will never get affected with the value of bitcoin.

But you can be a gambling enthusiast and calculate your profits in dollars/fiats.
And if the Bitcoin price is too high, your gains in fiats will fall when the price will dump. :-\

If you use $ for your betting limit, bitcoin price should not affect your gameplay as you will always use the same value in fiat.
For me no matter bitcoin price is up or down significantly, it does not affect my gameplay.
What affects my gameplay is when the transaction fees goes too expensive as I need to spend higher amount just for making a deposit.

It is but more on mentally, sometimes I try not to get my gameplay be affected, If I would convert the btc in my mind then my bet would surely be a higher risk if the btc price is increasing, I would just think that it would be the same if I win too. So it is better to just think of the btc you are holding and not the price of it as of the moment, cause my only target when I'm gambling aside from being entertained is winning, making it double or triple and etc. So same scenario if the btc price is down or up, I only need is to win, there's the pressure that the price is changing but I always decides to just focus on winning, it's easier cause what I bring in the casino is only meant for the casino. I can stop when I lose, and I can stop when I won. If I double my btc, then it's good cause btc is getting higher, same thing when I lose.

Yep, i stopped to gamble, because there is better just to hodl, than trying to overtake potential profits with casino gambling. Maybe will play just for fun, but for sure not for profit. And only in poker, against real people.

sometimes it affected my decision whether I deposit my money at that time, or wait until the price is stable.
your desire to enjoy the movement of bitcoin price hype will be higher than enjoying a fun bet.
it mostly happens when you regularly bet on a gambling site with crypto-based payment.
I mean when they are not converting our crypto into USD.

Profit from investing into it will be bigger
and is somewhat less risky perhaps in this situation wherein there is a continuous increase on its market price. But the joy a gambler is having while playing is another thing to consider. But there are other cryptos to be used in gambling if a player is somewhat having guilt of using Bitcoin. Fiat can also be an option of payment method depending on the gambling site you engaged yourself with.

No, unless you are buying bitcoin everytime you play. Also, it is just the value of bitcoin that was increased but not exactly the difficulty of getting profits. Yes, winning will always depends on your luck but it is all on that. Increasing in price of bitcoin is not included in the difficulty.

Indirectly yes but many gambling platforms use stable coins for playing games, the fiat value is better and more convenient. Withdrawal fees are higher than normal transaction commissions on casinos, so I wait for the slow network fee option if available. If the casino has the alternative cryptocurrencies for withdrawing balance I avoid paying a high withdrawal fee because paying this fee can hurt my monthly gambling profit at the end. Roobet charges a $6-$8 withdrawal fee per BTC transaction, so I will wait another day for taking my winnings.

Honestly that affects me a huge impact during fluctuations of bitcoin price, and when price drops profit doesn't went good. Somehow that a better opportunity once transactions fee also goes down, because I could enjoy the cheapest payment. Though sometimes we've been struggling on gambling, owning btc as an sustainable asset we can grow it also for trading and holding long term. The profit gains that we earned can be used for gambling instead.

I wouldn't suggest buying bitcoin to playing gambling because it is better to buy bitcoin for hold or trade. After all, we can profit that way. If you only buy bitcoin to playing gambling, if you lose, you will lose much money because if you can't control yourself, your loss will be bigger. Besides that, winning in gambling will depend on luck, so if you feel you don't have much luck in gambling, you should not playing gambling.


When the price increases, the transaction fees will increase to high fees. That will be one of the reasons why many of us use altcoin to gamble. But if that person has many bitcoin, that would not be a problem for him to still use bitcoin to playing gambling. Even if the transaction fees are down, it doesn't give us more chances to win. We should treat bitcoin as an asset for now, and we have another option to grow the amount of bitcoin that we have by trading. So we can have a way to make a profit from trading than from gambling.

My biggest concern is the fee and the transaction confirmation, it will have an effect on how I use Bitcoin to bet, when there are other options available I will use it, Ripple, Tron, Doge Ethereum, Litecoin are great substitute because of the fee, there's a huge difference between 2 cents and $5 worth of transaction and instant and 5 hours of wait in confirmation.

if you believe that "1 bitcoin = 1 bitcoin" then i think there will be no effect for you to gamble even if the price is pumping.

But if you are not a Bitcoin believer instead just a gambler that want money,then better use other altcoin like ripple and others such as Dogecoin because they are very cheap and also cheaper in fees.

it is your desire and lust to decide in each time you play.

So that won't give too much effect to us if we believe that 1 bitcoin = 1 bitcoin. But the problem is that bitcoin is worth holding and not use for playing gambling because if they lose, let say 0.01 btc, that will mean a lot for some people.
That will make them feel that it is better to hold bitcoin than to use for playing gambling, and they will think to use the other coins.
Gladly, we are in the crypto world, in which we have so many option coins that we can use to play gambling.
I prefer to use altcoin to gamble because the altcoin price is not too high compared with the bitcoin price. Besides that, the fee is not too high to send it to my account in the gambling sites.

If Bitcoin increase that high I guess other altcoin will also increase it's price. it's possible, if this things happen then meaning other crypto will also increase its fees if you compare it into dollar . The solution is to choose what is the most cheaper in all of them.

If that things really happen ethereuk will also not a good alternative to choose I will go to xrp or Doge coin to use in gambling.

I think the only ones who really benefit from such increase are slot players as they can play more bets for the same amount of Btc and I think you will see an increase in slots gameplay if bitcoin price continues to rise steadily.This can also help those who win make some extra money.

The rise in price of bitcoin does not affect the gameplay since that remains the same but it does affect the other things.
The withdrawal fees get increases since bitcoin's price increases the network congestion. The high withdrawal fees takes up a portion of our profits.
Another thing that bothers me is the amount is deposited in  dollars in the gambling site I play in.
So now even if the amount of profits are good, the amount of satoshis I would receive is less.

Whenever I try to convert in mind the price that I will deposit or amount to bet, I sometime paused and rethink whether should I still play or not as it's a big money that Im5risking which can have a possibility to arise in price anytime soon. I prefer to play mobile gambling at these time that not cost real money.

^ My favorite game is Bitcoin Crash. I will even more excited about gambling when the Bitcoin price went up. Bitcoin becomes very profitable when its price gets high.

and for withdrawals, I think that currently there are many gambling sites that provide crypto coins options that are much cheaper than Bitcoin, which is Tron, usdt, doge, and litecoin.

Is this even possible?
There are "gambling" games which can be played in the phone and ither devices not needing real money but points.
It is indeed still gambling because you are at risk of losing something which is in this case, points. But that's quite misleading that you are trying to deposit money in order to play. But if you are concerned with earning profit through Bitcoin investment, then do not use your holdings in gambling. There are other ways such as use of fiat or ither cryptos.

I think it does because I would have a smaller amount to play with when the price gets high so it would also limit my gameplays.
But it doesn't affect my strategies I would still play how I used to play no matter what the price would be the only thing that would be change is my bets.

I have one question:

The bets are actually dependent on us , the value is something that we set , we have an option there and it changes every once in a while but shouldn't the overall condition stay same ?

If bitcoins are expensive I believe it's better for the user since he is actually capable of making more bets with the same amount of bitcoins in the wallet.

Plus if bitcoins is climbing up :
I would rather not bet and keep the bitcoins in an exchange+ wallet and be ready for a descent trade.

- I believe even if you didn't wait for the price to be stable you would be able to still enjoy a descent game because you can adjust the value anytime and they have a realtime calculator of amount in USD.

The solution is to play with fiat, so you can always exchange amount that would not exceed your usual funds for playing.
The good thing is that no matter the Bitcoin price passionate gamblers will always find the way and funds to play, whether in cryptocurrency or fiat.

If you don't want to think more then choosing this option will always be the best. Likewise, gamblers always find ways if they are really engage then there's always solution to continue.

But if you are also concern with the converted amount, inside your mind there's also some impact if you are using bitcoin with a currently high value.

Your money your call, everyone have their own interpretations in case you are really attached to
this system, touch call depends from your intentions of playing.

Due to the current spike in transaction fees, I prefer altcoin to bet on gambling. It can help me reduce deposit and withdrawal fees. Gambling sites will also make adjustment when transaction fees are very high and will charge gambler a full withdrawal fee and in my opinion this is undesirable for gambler with very little capital. Just imagine I have to pay a fee of 5-6 dollar for one deposit transaction to a gambling site, it make me a little annoyed.

However, not all gambler need to have the same perception and they have their own way of doing it. Altcoin have helped me reduce fees, which some other gambler may not like. So it doesn't matter because we are not the same.

Still, when bitcoin prices go up, alt coins do as well. I think the author of the thread meant how the value of a coin changes our perspective towards gambling it. For me, prices heavily influence me because I can gamble away fractions of ripples but not fractions of btc!

I think the only way the increase in the price of bitcoin may affect the game play of any gambler is if such gambler stakes his bets in btc. That he's conscious of the fact he now loses more money if such bets fails. For example, if he stakes 0.001btc when bitcoin was at $10k and still stakes 0.001btc now that bitcoin is almost $14k, he loses more money in dollars now because of the increase in the price of bitcoin.
Personally, I stake in dollars so the price of bitcoin doesn't affect my game play. It doesn't what says the price of bitcoin, my $100 when bitcoin is at $10k is still the same now when bitcoin is at almost $14k

I believe that it may become a hurdle for those gamblers who believe that losing their BTC is costing them huge amounts in fiat and it's true also to some extent, because as BTC is evaluated through fiat, then the gamblers worrying about losing more USD even via losing less amount of BTC when the price rises is obligatory. I don't think it'll make any difference to me though because I love gambling more whenever price rises as I believe in my luck and when I win, I win big. ;) I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing).

Doesn't it hurt if you lose in gambling with the btc at a high price? Do you still enjoy doing it? I gamble for fun also but with the current price, losing in gambling for me is just a waste. Imagine if you hadn't lose anything then btc increases more so the USD value of your money increased too.

It is hurt to lose in gambling, especially if I lose bitcoin, and bitcoin at that current moment is at a high price. Maybe I will feel sad after the loss and maybe I will think that if I use altcoin to gamble, the feeling sad will not feel. If we gamble for fun, we can use the other option of the money form, so we don't need to feel sad if we lose in gambling.

If we still hold bitcoin and not use bitcoin for a gamble and bitcoin price increases, we can sell that bitcoin at a high price and make a big profit. But as we know, each person will have different calculations or analyses to use bitcoin or change to the altcoin.

Thank you for creating a topic like this, because it is interesting to have a discussion about the increase in Bitcoin which is likely
to have an effect on gamblers, especially those accustomed to betting using Bitcoin. I who always play gambling using Bitcoin are
affected, especially if I'm lose. The amount of loss I suffered was greater, but because I was comfortable playing gambling using
Bitcoin, I didn't even think about using altcoins. So my gameplay was changed by reducing the amount of stakes I usually use
and for sports betting I played single bets right now.

It is rare for me to gamble with bitcoin as most of the time I use altcoins due to some reasons. Other than that, I have fixed fund for my gambling activity and I set the fund based on my own local currency. Lets say my budget for a week is $100 and I have to gamble with bitcoin, means that no matter how much is the bitcoin price, it wont affect my budget. The number may different in bitcoin but value stays the same in fiat currency. My betting limit per single bet is also limited to a specific value e.g. $2 max per bet. This makes me able to control my budget/money easier than when I have to set my budget in bitcoin as the value is volatile.

Whenever there is an increase in bitcoin prices, i prefer to bet in other altcoins and not in bitcoin. Although theoretically, we are betting in Satoshis so the usd value should not matter much, but still i feel uncomfortable betting with bitcoin and calculating the price of bet in terms on usd at the back of my mind.

This would be a good example of bankroll management! Never risk more than you can afford to lose! There's a similar topic here in the gambling discussion section: If btc > $150k, will you still gamble it? -https://bitcointalk.org/index.php?topic=5285349.msg55489224#msg55489224 (https://bitcointalk.org/index.php?topic=5285349.msg55489224#msg55489224)
Basically it's what I said there, before when Bitcoin was $150 (at least in my case, when I started) it was normal for me to gamble with whole bitcoin and more, now I rarely deposit more than 0.01-0.02 (usually it's less, this is some maximum for me), and probably in future we will be satisfied with a few mBTC-s deposited when btc price rise insanely!
And you are right about using alts for gambling, I like to gamble with some alts too, and I love it. Some alts have crazy fast transactions and very low fee!

Yeah because that is a Domino Effect,once Bitcoin price Grow Up expected that Altcoins will come along so this mean the totality of our gambling activities.

I guess once the prices moves up?my most concern is my Holdings and i will choose to Play using Fiat for a while since the Bull is still active and it will hurt seeing our coins losing in Gambling when the value is irresistible .

The withdrawal fee is probably the biggest negative effect that I get when I gamble in a casino while the price is going up, after all we know the network gets really congested when the price is rising and you are charged a higher fee to get your money out of the casino, when that happens I make sure to only withdraw when the fees on the network are low or I also can take the measure of only depositing in the casino the money that I am completely sure I am fine betting during that week.

This is a good tip for someone that always gamble. Most people are opposite, they set their minimum bet in btc value which makes them lose more in the current btc price. They say that their bankroll got smaller because of the price surge but they don't realize it's their bet is the problem. You still win the same amount in USD value if you manage your bet amount properly.

Agree with this, when betting you see bitcoin as it is not as a dollar. The change in price will only matter when you have to convert to convert your bitcoin to fiat. If you are more concern with the value, its better if you will allocate an amount you'll spent for the game, this will cause you not to think more of the bitcoin price since you set in mind that this is the particular amount you'll only use. But actually, the in price doesnt affect so much.

Nope.

I mainly gamble using my fiat and other online currencies. There were times that I used my bitcoins as a fund for online gambling but nowhere did I exceed spending more that what I have initially planned for. Bitcoins are too precious for me to just gamble them away and I would opt to invest them than to use them for gambling. Being a currency that is scarce and difficult to acquire, the potential of investment is just too difficult for me to let go.


The problem that I had when I tried gambling with bitcoins was the withdrawal fee from these gambling sites. They were just too expensive and significantly high that heavily discouraged me from gambling away my bitcoins. That is why I opted to choose fiat or altcoins to gamble instead of bitcoin due to the high transaction fees that occurred.

It doesn't, as Bitcoin price rises players just need to adjust the amount they bet, I usually compute my bet in the dollar than just the amount of crypto I bet, just to be aware of the risk I am taking each bet. There are times I switch to other alts like XRP or ETH to save withdrawal and deposit fees of the bitcoin price is too high, to save transaction fees.

If you do not mind the money that you are spending when you are gambling then it will not affect you at all, 1 bitcoin is still 1 bitcoin after all. Now, if you are conscious at what you are spending, especially when you are frugal then psychologically it hinders your mindset during your gameplay, there will be that voice at the back of your mind that will voice the regret when you lock in that bet. Regret is a big factor in all of this and if you know for yourself that you feel intense emotion because of regret then the price of bitcoin will affect your game in a subconscious level.

I'm not a full time gambler, i used to gamble once in a month but if i were going to gamble and using bitcoin as a bet i can't do it. I treasure bitcoin and wanted to keep it for a long term investment and i believe that bitcoin were worth to keep on as a long term investment. The volatility of bitcoin makes me aware of the things that i should priority first when it comes to bitcoin. And as i can observe that the price movement of bitcoin does affects the gameplay.

That's the principle. If you don't care about money then there's nothing to affect your gambling activities, you'll continue to play even bitcoin jumped high and have a huge value.

For some it's not healthy but for such a gamblers who really not looking from this, his action will always be on his betting side, gambling will continue whatever it takes, either it's already vice or he's aiming for entertainment.

I give you a salute that you gamble once in a month because not many people can gamble just once in a month. It seems you can consider that bitcoin is worth keeping and not using for anything except as an investment. If we really care about bitcoin and want to use bitcoin as an investment, we can keep it for some time and only sell if we have a high target price. But many people use the other coins when they see bitcoin price rise higher because that can affect their gameplay.

Whether the price is low or it is in the peak, people continue to gamble once they tasted it. The growth won't make any cause with the gambling sites, because unlike the betting value or the cryptocurrency the revenue is out of the house edge. Only thing that varies when there is growth and decline in the price of bitcoin is the betting value. When the price keeps increasing people prefer spending in USD and when it is low the same is spend in terms of bitcoin or other cryptocurrency.

It is not actually the gamrplay but rather, the coin to be used in playing. Gamblers are conscious of the things they do. In gambling, losing is more certain and using Bitcoin, if it is having a good time in the market, will more likely contribute to their losses not literally. It is just that they would miss earning profit from holding such coin or investment perhaps. In this case, using other mode of payment will be more advisable but if it does not concern you, there's nothing wrong with using it. Just keep in mind to make actions which will more benefit you.

I guess you are right on this point. Many crypto gamblers use bitcoin to playing gambling, but many also use altcoin to gamble. If they use bitcoin to gamble, the chance to lose will be the same if they use altcoin. But in this matter, if they used altcoin and still hold their bitcoin, they will still benefit from bitcoin because if bitcoin price can increase and sell it at a high price, they will make a profit, and their losses in the gambling will be covers. But we will select the coin that is fit for us, whether it is bitcoin or altcoin.

At some point yes it affect my gameplay especially my bankroll due to the price rise of the Bitcoin the transaction was also increased and in other words my bankroll was also reduced due to withdrawal and deposit of my Bitcoin to the gambling website but in terms of gameplay I still play the same way and there's no huge changes in my game style.

well I think when the price of bitcoin has an up and down movement it will have a direct influence on gamblers and in my opinion the current rise in bitcoin prices is so fast and when I want to use bitcoin to do gambling I think it will be inaccurate and the gambling place should be prepared to solve the problem that and may provide other altcoin options that can be used for gambling. surely the withdrawal fee will also increase and bitcoin transactions will slow down due to the high demand so maybe trying to add altcoins could be one solution.

If the course moves in the wrong direction, it will. If the bitcoin halves in price and you play in the unit of mbtc or btc, for example, then you still feel that you have lost half of the value in money.
This can have the same effect as hitting tilt, after which radical bets are made that you otherwise wouldn't make. That's the downside of playing in crypto and not fiat.

Increased in bitcoin price does not affect too much of my gameplay. But ofcourse, as the bitcoin price continue to rise, there are many things that I should consider like transaction fees for depositing as well as in withdrawing my funds. It is possible that due to the increasing price of bitcoin, it can also affect the transaction fees and also the value of other cryptocurrency coins. Despite all of that,  there is no big changes at all when it comes to my routine or gameplay in gambling.

It makes me apply an amplification factor to my consideration of winning and losing margins. An extreme example to illustrate the point, but say over a period of time BTC increases in dollar price by 50%. If you start with 1 BTC at $10k, you win 50% so you now have 1.5 BTC... but the dollar value of 1 BTC has increased to $15k... then you now have 1.5*15k= $22.5k worth of BTC. Similarly if you lose 50% so you now have 0.5 BTC, that's now 0.5*15k=$7.5k... so if you are constantly making fiat conversions, then the rising price of BTC might make you believe that your wins are better than they really are, and your losses less severe.

With fiat, $10k becomes either $15k or $5k.
With rising BTC, $10k becomes either $22.5k or $7.5k.

It honestly affects my gameplay especially when the value of Bitcoin increases too fast. I usually put limits since I have to consider the transaction fees as well as the amount that I'm going to bet because the higher the price of Bitcoin is, the higher the risk that we're facing as well. I get more conscious and more careful if the increase in price is too noticeable.

I don't understand why it should affect, since I check coin prices against USD and play that way. If BTC rises so be it, I make same bet with lower BTC amount.

Usually I make x amount of cash, we call that "kasa", then play with it until it reaches the target or fail. For example make a 0.1 BTC kasa and put 0.2 BTC target. Play with that money with whatever your strategy is. You only play with that amount either you get 0.2 BTC or get swept. You wouldn't affect price changes because you already specified your cash amount and put it in a box at the time of BTC/USD rate.

Gambler not give effective how to make bitcoin have higher or lower price, almost all gamble after win will withdraw and make their fund of bitcoin become cash money, never have word for holding their bitcoin because afraid when hold bitcoin or altcoin assets from jack pot with gambling will use to betting again until loss all his fund, so after winning will take for withdrawing and become cash money. Just trader and investor make bitcoin will have higher or lower price but for gambling is not matter what happen with bitcoin have higher or not.

-____-

The same what i talked about. The question was about btc as i know, not about fiat or something like that. Fiat is out of question context.

To play while bitcoin is rising it's not proper decision i think, that's all.

Fiat is very related to this for some people actually. Many people who gamble have in mind the value of the bitcoin for example. if you've been gambling for a week, isn't it likely that you keep an eye on the price now and then? I think several times a day. You still make the link with how much the value is at that moment. Even though the question is indeed about BTC, for many people the value it represents in fiat does play a role when you are gambling. If you gamble in btc, you see your balance in btc but in your head is the actual rate at that time.

Yes definitely, the price increase of bitcoin will makes the investment in gambling is higher for me and most time price will not matter for me in gambling.

If Btc price is expensive, so does the transaction fees.
There were numbers of gamblers who has been struggling to put Btc into the gambling website due to high transaction fees and clogged mempool. It has been greatly affecting them for missing some of the game and sports they like to bet because of the confirmation waiting time which usually takes a short while with minimal transaction fees, but It's different today when Btc is rising.

I don't see anything difficult in making profits during Btc bullrun, IMO it's still the same, the only that's changed was the value of the fractions of Btc that you're betting.

Yes but not in terms of having difficulty in playing or getting a profit,
But it affects most when I do transfer bitcoin to the gambling site. Fees are higher than usual and if I have used a lower fee, it seems like it will take forever to confirm. So I have no choice but to use high transaction fee compared to previous months.

When you read up in most people rely here where they do most concern about the fees and not to its value.We are already presuming
that it will happen once it do increase its price but doesnt mean that each rise will really be having an effect to those people who do really
like to gamble.They can make use of it as they want neither on a clogged network where you do need to pay up fees or simply skip out and
just comeback for another day and might the fees had already normalized again.We having some same approach when this situation do happen.

looks like it won't have a big effect on my gameplay...
I will definitely continue playing normally on the site. maybe I will not deposit or WD with Bitcoin because the possibility of the fee being charged will be high.

As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers. From my perspective and experience, I can tell that when the price rises, users usually try to hold it instead of spending. Also, most of the times users build a strategy according to current price of bitcoin in USD. If I can do 100 bet of 0.0001 bitcoin and it worths 0.01 BTC (140 USD), then tomorrow I won't be able to bet the same amount because bitcoin's price has risen up to 20K (for example) and I have to bet lower amount cause I focus on USD. But most of the users bet lowest possible bet, so in this case, it happens like these users gamble less because they can't afford more when the price of BTC is high.

Some players shift to other cryptos like eth or ltc to continue their habit everyday. Though the USD profit may not that big I've seen some gamblers actually do that. Profit doesn't matter that much to them as long as they can gamble with the amount they can spend.

Hi shield132,

Thanks for your interest in sharing our experience in price changes.
Based on our observations when crypto prices moved up and down a lot more: 80% of customers are price insensitive (BTC price hasn’t impacted their gameplay), 15% price sensitive (they have reduced bet size) and 5% inverse price sensitive. In Bitcasino it's possible to play in both mBTC and uBTC. As 1 mBTC = 1000 uBTC, you can make smaller bets using that. And if you are focused on USD price, you have an option to play with Tether since 1 USDT equals 1 USD all the time.

Cheers,
Karl
Bitcasino.io

Bitcoin price is not a problem to me at all even if it continues to increase it's price as it is my hobby to gamble and I am already
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.

But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.

Gamblers always a gambler I guess, if they are using bitcoin then most of those gamblers will continue based from your own
observations there's no big impact as expected.

Same game same amount of money to play in, that's most gamblers do only those who are not engaged that much will be more sensitive and will adjust accordingly.

And with that stats, it's only proves that gamblers behaviors are not affected with any certain
changes in terms of value, it will continue as it is bitcoin still bitcoin.

Indeed, it could not be a problem but for a new gambler in the cryptoworld maybe it does. Yes it can affect I think starting the amount of bitcoin to be bet. And the transaction fee will increase I think as well, so maybe I will reduce my bet in a bit, and everytime I will win I will make it half and save the other half of it. Bitcoin price will motivate me to gamble more, but it will take a risk because if you lose the price equivalent in usd is not the same before.

actually the concern of most wanna profit is when they converted the coins into fiat,since the Crypto on their accounts increased the value then better sell them off to fiat and start gambling using fiat,the difference is bigger because the value in Fiat might be doubled when the prices goes up.
Well some uses ripple or doge when this kind of situation happens because congestion happens in Top currencies and it is the Fee that will hinder you to withdraw,having cheap coins means cheap fee and faster withdrawals.

It will not stop gambler from playing gambling, no matter if bitcoin price rise. With the bitcoin price now has been a rise, I guess many gamblers still playing their favourite gambling games.
The gambles have many other options that can be used for the bet if they worry about seeing their bitcoin amount reduced.
Even if the gambler adjusts their amount to bet, they don't stop it because they like to playing gambling.
Maybe they don't think about winning and losing because they want to enjoy the moment in playing gambling.

I prefer to use doge than a ripple. Although both ripple and doge has a low fee, I still like to use doge.
Using cheap coins will be a solution to playing gambling if we don't want to use bitcoin to place a bet.
The price of bitcoin rises, and that can cost us to pay a high fee which we can avoid by using the altcoin.

Thanks to metamask, decentralized casinos and many other stuff, we have seen basically a lot of people who moved to using their ETH to gamble via connecting with their wallet (ie : metamask) and gamble in and out very quickly. Which shows that bitcoin price does have an affect a bit on the price, but the reality is that ETH has a lot more impact or will have more impact if you ask me.

The people who care about the price will not be the majority, most of us care about the dollar terms and I do not care how much it reflects on the bitcoin amount, with this new casino dapps plus being able to focus solely on the dollar terms we are talking about nothing really drastic when price of bitcoin changes, it is something we all come to expect from bitcoin to move anyway so we take that risk while gambling.

Gamblers will still keep gambling no matter how much is the price of Bitcoin, but we can't deny also that some will tend to limit their fund to gambling due to the fees increase. yeah, it possible the volume of gamblers will be lowered down and affects the bankroll. If the situation will keep rolling high, I'm in no doubt that more gamblers will stop gambling just to save the fees and wait for the price to dump especially for casual gamblers.

Gamblers who bet only a small amount of money might not love the transaction fee at the moment, so it has a significant effect since most of the gamblers in crypto casinos are just small time gamblers, and if they stick with bitcoin, they can't gamble as the moment they send the money, they already lose some bucks for the transaction fee. However, if they will research enough, for sure they can find other options which is using an altcoins to gamble.

Absolutely yes because my gambling coins are always stays in gambling sites that i use to play meaning i sometimes add crypto each time i had extra money to spare so everytime i wanna play then i have some amount to spend.
meaning that those coins might be bought when the price is too low?or in the middle so when time comes that Bitcoin price rose high then what i will do first is to take those crypto out and convert to Fiat.
Then i will decide to buy Cheap coins to use for gambling bets?or maybe use fiat and play in Fiat running casino just to release my eagerness to gamble.

No, I gamble base what I will achieve from the game. I don't care about the fees either high or low what I care is to make sure I win the game successful. Recently many gambler are now gambling because of bitcoin rise thinking, that is the easy way to win.

I have seen the same, people are complaining that the fees are too high and it is taking a very long time to get a confirmation and without it they cannot gamble at all, while some may not consider this to be a problem if you are looking to make a transaction with a low amount of bitcoin it is entirely possible the transaction cost is going to be bigger or at least be a significant part of the value you are trying to send in which case it does not make a lot of sense to send that money over to the casino.

Realistically bitcoin or crypto in general is highly volatile and even if bitcoin was at $5-6k range it still could go down at anytime if the concern is that bitcoin being this much up in the last few months means it could now dump in price suddenly and you would lose USD, if you're so concerned with bitcoin price you should maybe withdraw and exchange to Fiat more often, that's why I think it would be way better if more casino websites had a built-in exchange so that the user could exchange their balance to USD at anytime, or they could just give you an option so that you can turn the bitcoin you're depositing to USD at the time of arrival and when it is confirmed so you don't lose any Fiat due to the price changes if you don't want to.

I bet normally, I do not see any issue bitcoin price increase is given at all, I have a percentage price I bet with, I convert the dollar to btc first before making betting.

You are right, the transaction cost is another issue, but, as of recent, paying $2 to $3 worth of bitcoin as fee is not bad at all to transfer $100 or more, this is the range of low transfer fee for now, within 2 to 3 hours, the transactions will be confirmed. But, if the people not satisfied with that, they can make use of altcoins like litecoin as payment. 

Yes, it's quite a tricky situation. One the one hand Bitcoin price rise motivates us even for more gambling and on the other that same reason plus increased fees might influence our habbits in terms not to spend Bitcoin for gambling.
If the price continues to rise I think I might gamble less in crypto casinos.

Normally, I prefer to wait for stable or flat market prices in order to withdraw the funds from crypto casinos. If the BTC rate is fixed on the website or the system automatically converts the crypto to floating coins, I will not hesitate to do what I was doing before the uptrend/downtrend. The 30% increase in the market can change my mind but it is meaningless to take gambling seriously if there is an opportunity on the trading crypto markets.

It is relative if you operate in a 100% bitcoin betting environment and you are not interested in a withdrawal to fiat, the price is only a query.
But if you are a player who subsists between the two worlds, bitcoin and fiat, you may suddenly want to make adjustments according to your goals in fiat currency.

And you may find that you need to make adjustments to the size of your bets. In my case I am still the same, I base my bets on 1: 100 of what I have destined to bet.

Its either you just keep it there or spend good amount to withdraw. Another option would be to optimise your transaction fee, the downside is getting it late. The greater fee you spend, the instant transaction will be. Using Fiat or altcoin is a good move, there are altcoin that demands really small amount of fee.

One of the advantages of playing with crypto is that you have option to do all the transactions from and to your wallet, so you're just technically playing with BTC for example without worrying about its conversion. So in this case, no it doesn't. The same cannot be said, however, if you're playing in a Bitcoin-friendly casino that simple converts your BTC deposit to fiat and fiat withdrawals to BTC. This is where most players become more conscious about the BTC price imo

Yes as of now it's effect my gaming play because the value of the bitcoin is rising it's hard for me to spend the bitcoin amount because the value is rising and once I lose my bitcoin in playing gambling more of my money gone.

Decrease the amount of bitcoin that we use becauss the price is rising and we need to be vigilant of using it because when player play sometimes they did not notice that bitcoin is a huge money they think once they use it is only a coin but actuall there is a huge convertion of that coin so always spend it wisely.

Well it doesn't really affect me that much but I reduce my bet but not that much so I think that's the only effect of the Bitcoin's price to my gambling habit but for the gameplay. It's still the same.

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

imho it's much easier to separate part of money for betting and consider the first value you sent, USD to USD or BTC to BTC.
if you keep gambling money separate from trading or investment money bitcoin price changes shouldn't affect your view on that.

but of course, if you have to sell btc for some reason and consider that the first btc to sell would be the one on gambling websites, could be a possibility.

One of the pros when you do use up DOGE and other coins which have cheap value is that you would able to make up bets with lots of coins but in reality its just really that cheap thats why it happens
but i do agree on the feeling that it gives  that you are believing that you are hell of a rich guy who have tons of coins but well its just a feeling.lol. On the question of bitcoin price rise affect my gameplay?
No it doesnt because im not depending into its satoshi count but always basing up on the fiat value and if in the past i do play with 10 bucks equivalent to btc then thats still im doing at the moment.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

It looks expensive but you can always play the same amount in USD with Bitcoin, Doge, Litecoin, or XRP. It actually does not matter which cryptocurrency you are playing with if you just want to play a fixed amount of dollar in every bet. But like you said sometimes it really feels like if you lose Bitcoin you are losing a lot. Perhaps it has something to do with the very high prospect of Bitcoin's growth in the future.

As you said Altcoins like XRP is really helpful when the price of BTC is rising and the current price of XRP doesn't give us some hard time to transact with it. unlike bitcoin and sometimes ETH does have some high transaction fees. When you spend them like spending on transaction fees the payment doesn't make any sense at all. since you have so many options like converting it to XRP before sending it to your own wallet, you can discount a decent amount of money.

Bitcoin price soaring up again as well transaction fees having skyrocketed, it charges around 5$ to 10$ or may vary on current demand of network fees over the last couple of months. Technically it's smart move make withdrawal any other alternative currencies to reduce big network fees and become profitable when you're moderate user.

I will admit that the recent substantial growth that we have seen in the market of bitcoin has affected my gambling a little bit, and it makes sense really when you think about it, the price of bitcoin is going up very rapidly and there is a potential that is going to go up even more so it is natural to not want to spend your bitcoin when that is the case and when you add the huge fees that you needed to pay to make a transaction then that makes it easier to keep holding your coins.

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

Hi Karl, my eyes are on your thread. To be honest, this is a very interesting topic, so allow me to join the discussion here.
By the way because I used to play the game using bitcoin, with the rise in the price of bitcoin, this makes me confused if I gamble using bitcoin.
Because the current increase is so fast, so when I convert my fiat to btc, the amount of satoshi becomes reduced because the price is already expensive.
However in gameplay, I keep using btc, but with caution, because it’s big money of course. However big it is, come back again how much we bet.
Well, if btc still goes up uncontrollably, maybe I will also play the game using altcoins, such as ethereum, LTC or DOGE. That depends, if the site provides an alternative altcoin other than bitcoin. But that doesn’t mean I’m going to move to altcoin forever, I’m going to play the game with bitcoin as well.

Quick fluctuations and high price surely affects people depositing in the gambling site. When the prices itself is a gambling, crypto enthusiast would have fun watching the price movement. (My current situation) :D
To be more realistic, most of the gamblers calculate their gambling investment/expenditure in USD rather than bitcoins. Sudden rise in price would make them hesitant to buy bitcoin to gamble.

True. Once you see the value of your bitcoin to USD there's somehesitations inside your mind, most when you play luck based gambling, something inside may interrupt your game. By disabling that function though will allow you to continue without any interruptions as long
as you are ready to take the risk and accept your fate whatever happened the results may be.

But it's always the gambler who can decide or who take it from there, if they are not really care about bitcoin value there's nothing
that they care about and they will proceed accordingly.

It doesn't matter if you do depend on USD price yet bitcoin or satoshi will be equaled to that and it doesn't matter if the price is high yet it will just equaled on what you do need.

Somehow you would hesitate on spending up when its already too expensive or valuable but it doesn't matter in most cases because when you do gamble you don't mind too much into your investment side.

You would really just spent out neither on altcoin or bitcoin itself.It doesn't matter.

But this is a bad idea, most people when making bets in bitcoin are still thinking on the value in terms of dollars that this represents, if for example you are comfortable taking a risk with 50 dollars each week on a casino and then the price of bitcoin doubles and you are still making the same bets regardless of the value of bitcoin in terms of dollars now you have doubled your risk for no good reason, this is why people are a little bit more shy when it comes to betting when the price is skyrocketing because they want to maintain the same risk that they had before all of this happened.

Specially now that i had sell off my bitcoins since the price is already almost to its ATH then i do skip out on using bitcoin at the moment for my gambling activities
but instead i do make use of some alts like XRP and DOGE.

I dont feel like on using up BTC at the moment yet its already too valuable for you to waste up.When it comes on affecting my gameplay then it doesnt really
that much yet as said i have also the limits.

When i do saw that price is way too high then i do skip out and go for the alternative ones.

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

So if BTC price is 1million USD you will still be making the same bets? I don't think so.

I always use USD currency when betting as stake allows to convert your BTC into USD and bet with that, they also have added Euro and JPY recently so it is easier to convert balance into fiat and know how much you are betting because indeed as price rises we sometimes forget that the old 10mBTC is now almost worth double than it was 1 month ago so have to adjust bets accordingly.

I don't know about others but I do change my betting amounts and sometimes style too with change in BTC prices, like if the prices are low I will bet more and actually take bigger risks while if the bull run is going on like right now, I try to bet small and avoid chasing big wins.

during bitcoin price rise I'm trying to gamble more cafefully because in a short period of time the betting sum could be worth more in USD equivalent. in this case it would be better to choose altcoin for gambling purposes.

I use TRX and XRP for gambling as they are sensationally fast and there is almost 0 fees on transactions which make them the ideal choice and actually there is not much change in price of TRX if you see recently and it has gone up by around 5-8% which doesn't mean much so my gambling goes as it was going before but if the price ever changes too much I will surely consider changing my betting limits.

Yes I don't use Bitcoins to bet recently because the transaction fees is high and it is not worth spending $2-3 for a transaction which itself is around $10 so I avoid betting with bitcoins and instead save them while betting goes on with altcoins.

No at all, and it would better gain for user that bet gambling site that shows balance in bitcoin fractions. The only issue is when you deposit when the price up and then there is a price dump, it will be so difficult to gain it back.
Only a good gambling strategy can help in such situation.

I am a gambler that plays based on the bitcoin amount and not on bitcoin value but If we were in the stage of bitcoin price is getting higher and higher up to 1 million USD each, I think I would base on fiat value instead. I'm pretty sure that I won't be able to deposit my regular bitcoin amount into the casino thinking that the fee fiat value is too much. Adjusting the bitcoin amount over time would be necessary for me.

Not at all since I based my bets upon btc or satoshis. I don't mind if bitcoin price goes up or down since there are times that I deposited through fiat. More over, when I am on game. I don't feel my losses since I only play using my excess money. I don't gamble my earnings because I knew that I am not lucky in gambling. Anyway, those who have bitcoins in their gambling wallet will surely happy because even they lost, they have gains due to bitcoin price increasing.

ETH is also pumping so spending it wouldn't be wise. Most of the gamblers hold bitcoin and Ethereum as their main crypto in their stash. But in general for cryptocurrencies, there are a lot of altcoins to choose and that differs from the accepted altcoin of the casino.
I do agree that it's better to gamble with alts for this time, bitcoin looks unstoppable and every hundred it pumps is worth to hold.

With the current Bitcoin price of $ 18,500 which will definitely affect my gameplay, I will reduce the amount of Bitcoin used for betting.
Because when I'm deposit, the amount of Bitcoin will decrease convert from USD to BTC, and also when playing sports betting I prefer
games that are sure to win, because I am a little afraid of losing with the Bitcoin price already high. Maybe with the current high Bitcoin
price, I would also consider playing gambling with altcoins.

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.

For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

In this case where this shows that you are taking gambling as a source of income yet you tallied everything and when you do saw that your entire
portfolio is on red then you might really be playing even more just for you to break even.

Bitcoins price might or might not affect someones gambling activity or gameplay.

I was taught from childhood to keep track of my profits and expenses. You may think that this is difficult to do, but in fact it does not take much time, but it brings great benefits.
Gambling for me is entertainment and I want to know how much money I spent on this item of expenditure. Sometimes it happens that they go from the expenses section to the income section and only thanks to statistics I can see the exact amounts.

It's too much and not really necessary. Unlike in trades, it was useful to track records as that was part of our reference. In gambling, I don't see how it will become an advantage. It's just a merely a pure record.

But if that user is comfortable doing that then up to him to continue. Maybe just want to track how much money already spend on gambling regardless of what's the bitcoin price in a given trend. That was an effort though.

For me, everything that can help me to track my losses is good. It will also help me to budget my next money that I will spend in every game, since I don't want to spend too much in gambling. I want everything in moderation, so if bitcoin increase the price I will only bet the same amount I bet in the previous games, I mean if my bet is always at 50$ I'll convert it into btc and that will be my bet. but I think it is not really a big thing since consider the volatility, it's normal.

Everyone will be taught to have a track of profit and losses. The practice makes users get used to it. It is true that having track of bitcoin and other cryptocurrencies on gambling gives good benefits. Looking at the data we can understand as well as set our limits. Myself don't have a schedule or track of wins and losses. I used to get small payments and with that I try my luck. Soon i used to go for max betting.

If a person places a deposit on a gambling site bitcoins that he bought a long time ago, then it makes no sense for him to track the amount of winnings and losses in dollars. Of course, he can recalculate his bets in dollars, but in my opinion this is inconvenient and meaningless.

Is there a gambling site where we could see a chart of amounts being put on a bet so we can compare the bet people did last month and this month? At that point, we can actually see if people are having some changes in their betting as the time changes.

As an example, on our site, I looked at 2 of the big wagers and calculated what they bet last month compared to what they bet this month.

Amount bet last month       
User 1. 6.27874269
User 2. 62.68226555

Amount bet this month
User 1. 56.79178533
User 2. 6.30647655

They are some of the players in our weekly wagering competitions. Some of them don't have records in the other months on the list so I can't really give more analysis of how their bet change as the price increases. User 1 has a lot of bets this month as the price increases compared to User 2 meanwhile, User 2 has a lot of bets last month with the price is not that high. This is just an example, maybe others can give more information so we could see how people change their wagers as price increases.

I don’t mean that way but you know gamblers can adjust and also casinos. Of course bets are adjusted if the markett fluctuate meeting the standard. Casinos are also can become greedy during bull season so its a given situation.

It makes me more cautious about how much I bet and how often, so for me I'd say that I somewhat have cut down a little. This is a psychological thing for me where I fear that if I gamble too much BTC I might end up losing more than today's value given that BTC price keeps on rising.

It is that fear which does feel that it affects my odds of winning. Remedy wise, gambling with alts make things just a little easier but not too much as even the top alts have started showing a green market.

Just convert to alts. Although they are increasing, they are not as expensive as bitcoin. And moreover, you can split alts into many smaller parts which makes your gameplay becomes as normal as you used ti play with low-price-bitcoin.

If you fear of gambling, dont gamble. It is not good if we have such negative feelings like that. Wise gamblers will stop when bad emotions comsuming their body

Can trading also be said to be a stable source of income? I bet the answer is no.
I see nothing wrong in keeping track of one spending and gambling isn't excluded. You never know, you might forget or want to reference something.
You can put the statistics in a language you can understand and interpret, as long as you it involves finance.

This is what I did, I converted to doge instead of playing in btc. Aside from saving enough money because the transaction fee cost is also low, my gameplay seems like normal because the price of doge is really low compared to btc. The number of bets I can made is higher than staying in btc.

Ahmm yes, this could be helpful, maybe in every time you will about to gamble try to convert it to another altcoin. so that you can play more and the price is much lesser to its value to bitcoin, transfer fee really hurts as well. I can't afford to transfer with high fees to be deducted from my money, so I guess I rather convert it for now, when I want to play and I want to withdraw it, I convert my bitcoin to eos before then transfer it in exchange then Xrp for faster and very cheap fee.

So in general, are you winning or loosing ? :) How you have dates of your "games" so after converting crypto to usd, you would see how much you have lost, or have recovered thanks to rate growth. Does this statistics affected your game style ?

I have made some deposits on several casinos and some balance from different giveaways and competitions. I can say that price growth affected my gameplay. Probably a year ago I could play dice with 100sat autobet and feel comfortable about it. Even allowing to keep it playing and switch to watching movies in another tab. Now, when I do the same, I run out of my deposit of $10-15 much quicker.

Best Example is the situation now in which not only Bitcoin price is growing instead even Ripple and Ethereum is gaining percentage ,the 2 coins that i use as alternative coins in gambling.

Having that i tend to still Limit myself the amount i use to play and that is 1-2 ETH and depend on the value if i use other coins) each gambling time.

And also I believe in Saying that "1btc is 1btc" so even how many coins we use to play never think of converting it to fiat while we are playing.

With a low price coin, doge can serve good than to use bitcoin to gamble. We can use a medium amount to gamble, which does not make us feel too regretful if we lose that amount. But that will be the same if you use a bigger amount to gamble because if you lose, that amount will make you get pain in your head ;D

Doge becomes popular for a gamble, and most gambling sites have the dogecoin as the option to gamble. So that will can make us to playing gambling longer than to use bitcoin. But don't forget to stop gambling if you think that is enough to play.

On the beginning of the recent rally the bitcoin price didn't affect my gambling habit, I still used btc to top up my poker and black jack bankroll. But now with bitcoins around 19,000 usd again I am getting reluctant to use btc for gambling. It's better to use fiat money in my opinion. I don't want to sell any btc and would accept only bitcoins as withdrawal option for any potential winnings.

Not me, I can still take the volatility, actually I love gambling when bitcoin is bullish because if you win, there's a chance that you'll get a better profit as not only you grow the number of your bitcoins but its value could also increase. "

I don't stock bitcoin except for my investment, I buy bitcoin in fiat and gamble it, then convert it in fiat if I win, that's a simple process and I have no doubt those who are gambling using bitcoin as a payment method would not worry about its volatility, because it's a positive volatility.

I do the same thing as you, I'm also reluctant to play gambling with Bitcoin. With a price that is already high if I lose it can make me
feel depressed, because the price of Bitcoin is very high right now. So I don't enjoy it when I play gambling, I prefer to use altcoins to
play gambling right now. I choose to keep the Bitcoin that I have, and every time I get profit from gambling, I will buy Bitcoin to increase
the Bitcoin that I have.

Didn't have many difficulties with it tbh. I just think of it as bonus funds to play with. I have a set amount of money that I play with always anyway, so it isn't much issue tbh. And whenever I win and price goes up, isn't it more additional funds? Though the same could actually be said whenever the price goes down though. I don't bother to convert it to other coins at times, I just wait at times when the network isn't congested to avoid fees, I only place once or twice a week anyway.

Well isn't it just a matter of calculating it? In the end it doesn't really matter if Fiat or BTC is used as long as the equivalent amount is the same. You can just invest everything in BTC in that case, so that everything can scale with the current bull run we have.

I am not gambling whenever bitcoin price is pumping. I don't wanna risk any potential losses in gambling because it can be more profitable if I just hold onto it or just trade with it. That's how bitcoins price affects my gameplay, I totally stop for a bit and focus on more profitable ways to do with my bitcoins.

The best way to enjoy bitcoin pumped, if you think that it's more better to save up instead
of keep playing and risk your bitcoin that's your choice. Maybe for some gamblers they will
adjust and keep the gambling capital based from their fiat worth, from that they can continue
to play and enjoy those gambling games that they usually play even the value of bitcoin still
pumping up.

Majority will stick out with fiat worth and that would just simply adjust on bitcoins value or satoshi amounts that's why it doesn't really matter if the price had risen up or not because
it would be always subjective.

In my case, then it hasn't really affect after all and as earlier mentioned where you can anytime make adjustment in usd value when you do make a deposit
which means you wont really be having any problems at all.

The only issue I do mind when theres some rally is that the fees do becomes high too which is really a big problem in the ass and that time
then I do consider on using up alts instead.

Well, I believe it's way better to have separate stacks for your bitcoin trading and gambling, I mean you don't have to gamble the bitcoin that you are holding for long-term, instead just convert some of your other holdings like the national currency that you are using to bitcoin for gambling instead of using your original stack for it, the same thing goes when you shop online using bitcoin, just create a different bitcoin stack for your online purchases and gambling and you will be fine and you don't have to totally stop what you like doing just because bitcoin is going up.

I should say regardless of who gets affected by the price or not, if I stop or increase or if you do, we can look at stats at casinos and what they say about it. For example there were few CEO's (or owners) of crypto casinos that talks here on bitcointalk as well, they are pretty known, and they talked about how increasing prices made people gamble a lot more, and not just in dollar terms but in bitcoin terms as well but they also said they get new customers when the price increases as well, which may not be around here.

So that means when the price increases, there are more people who are interested in crypto which is not a shock to anyone, but apparently some of them goes to casinos to gamble when they get involved with crypto and that is a bit interesting to learn.

The pump make market to be unstable and that can cause difficulty in the market to make profit.

Also the pump is affecting me because the withdrawal fees getting higher and it is annoying that you see high fee for even little transaction.

What if the gambler holds the whole balance in BTC which doubles the profit in the case of a bull market? It is a double-edged sword and gamblers who don't like playing with the market, volatility can choose chip-based casinos for avoiding market fluctuations. I prefer the first option because this is the first reason I deposit in crypto rather than fiat money. Fiat money gambling has tempting sides if the different currencies can be chosen. Let me explain, the bonus buy feature will be in coins for all currencies but for low-value currencies will be less than $20 which is the main price of bonus spins.

I wasn't addicted to gambling and so if the price of Bitcoin will soar high, it basically affects my gambling habit. I'm still sticking to the limit and never minding or feels bad when the time I lose. But to know that it was too expensive buying BTC at this time, maybe it is the time to lower the limit. I take this seriously because in my mind I also thinking why I should have to spend more if can't expect a return as well.

Yeah, I keep on gambling just the normal thing I do but there might have changed in the capital.

That's very important, limitation is necessary in gambling and that is regardless of what the price of bitcoin. If you are gambling what you are holding, I suggest you just hold it while waiting for the price to pump to its ATH, and maybe sell afterwards, however, if you are gambling with fiat and you convert it to bitcoin, it should not be a problem or issue since you'll convert only every time you gamble and cash that bitcoin.

There's a little adjustment of the amount need, before if your limit is BTC0.01 per day, maybe it would adjust to BTC0.005 now due to significant increase of bitcoin, but it's still up to you.

If you want to know where your money goes then you need to keep track of every single cent, this is why many people are always short on cash because they do not really know where their money is going, so even if you do not think that it is that beneficial to have records of how much money you have gambled over the years in fact I find it to be critical, most people that have spent too much money on the casinos prefer not to think about this because the truth will be too hurtful, but unless you face the truth then your behaviour is never going to change and you are going to keep losing too much money.

but if you have some bitcoin on your crypto casino or crypto bookmaker account it would be better try to increase its amount gambling carefully. though altcoins price is also pumping so we have to gamble carefully using alts.

It would depend on how much the price moved.
If it is just small price movement then no but if it's huge it would surely affect my gameplay.
There are also some instances when I would pass on gambling because I think the Bitcoin price would go high.

He can try to use bitcoin to gamble, but that is only if he can accept the risk of losing his bitcoin.
Suppose he has some satoshi, and the site has a conversion to the altcoin. In that case, he can try to convert his bitcoin to the altcoin such as dogecoin, litecoin, ethereum, or trx, so he still has the rest of satoshi in his account that he can use to buy more amount of the altcoin.
That is a good suggestion to him if he still wants to test his luck.
With bitcoin price now is at $19k, I don't think that people who don't have many bitcoin will use that bitcoin to gamble because I think they will use their bitcoin to search for more profit from the other way.
If he only uses his bitcoin, and if suddenly he loses, then he will lose his money without an easy chance to get his money.

Definitely each and everyone has our own choices but if i were the one who has bitcoin and knowing that today bitcoin price were almost $17000 i would never try to gamble it. Well for my own choice i would save it up and probably turn to some style like trading or investment for security purposes . I think i couldn't take the risk of losing even a single bitcoin especially today where the bitcoin pruce were nearly at its ATH.

Very appropriate Topic now and we can observe the gambling division now,if the players and bettors are still active pr the wagering is still continue?or there is a drop in daily basis as Bitcoin continuously growing.
But 1 btc is 1 btc when talking about Online gambling right?so meaning you are risking in gambling to double the value of your Bitcoin?
then why not just Keep Holding since there will be bull coming and stop gambling totally.

I think it impacts only when playing slot machines.When we play slot machines the amount is shown in Euros at least in Sportsbet.io where I usually play.This means that for the same amount of bitcoin I can play more free spins when the vlaue of bitcoin is higher.Also I can play the same number of bets if I increase the Euro amount of the bets so it really impacts our gameplay.

Now that the Bitcoin is significantly high, I was having a second thought about it if either save Bitcoin or waste it playing gambling games. I'm a little bit greedy and I want to earn more bitcoin as much as possible so I think I would transfer more now and bet more.

I really think it affects my gameplay.

no, 1 satoshi is still 1 satoshi for me. so i don't think there will be an effect in my gameplay my betting strategy and base betting still the same and didn't change at all even if the price of bitcoin increases significantly high.

I think it does not affect too much because again the way only does the bitcoin is for making transactions but at the end of the day the deposit funds are still converted with the USD balance in USD and if you are trying to withdraw this affect the gamblers because most of the time the transaction fee goes high. Well, I think it's just normal because they can have fair transaction fees some of the people wanting to have a fix transaction fees because not all of them are a big-time gambler.

But in actual gameplay, I think there is no reason it can affect the players because they mind to win every game they play.

The price I think has nothing to do with the player's gameplay maybe they might be thinking that the Bitcoin is really high right now and they could just cut out their budget in gambling but what I was thinking was I think for me the only effect of the price rise of Bitcoin is for me is that I started to lower down my minimum bet for sports betting.

maybe if you are afraid to use bitcoin as capital for gambling then you should be able to use altcoin which in my opinion has a low price and very small transaction fees and the value of the bet is still small because it uses altcoin, it's just that not all gambling places provide that option.

It is not about Bitcoin or altcoin which will affect your price. It's just the amount that you gamble. It does not mean that you are gambling with XRP, Doge, or Litecoin that you are gambling a little amount as compared to gambling with Bitcoin. You may still end up gambling more when using those altcoins than with Bitcoin. You have the option to just gamble with 0.001 BTC per bet. But you also have the option to place 1 LTC per bet.

I agree I did not realize this until I see this reply. What comes to my mind was the Doge coin as it is also one of the altcoins being accepted in the gambling platform. Bitcoin for now is not a good digital currency to use in gambling due to high transaction fees and the time needed for confirmation which took too long sometimes. Anyway, thanks for this idea for I can get to gamble using altcoins if that I want to gamble using crypto but there are other platform accepts fiat currency and that can be withdrawn in crypto. Betnomi is one of the best gambling platform I had played.

I think it is really not worth discussing this, I mean if you are a gambler and a responsible gambler at that, it means that you must have the proper mental conditions that would make you unaffected by anything happening in Cryptocurrencies. You should not get affected if Bitcoin price goes down, of another coins price goes down. Even if coins are being delisted from exchanges or getting closed due to issues. If it directly affects the price or the currency of the price you receive then you might avoid continuing to gamble on that platform.

Precisely, i guess anyone who were decided to join in gambling has a good state of mind and already knows what are the probable effects of gambling and the losses ahead while on game. Cryptocurrency itself were already a risk to take on and from it we should have the guts to be careful and so doing gambling. But then can't deny that discussing this kind of topic can also be a way to keep on reminding ourselves about the risk of gambling.

Some people are lazy to keep records of their expenses and it is their right. However, they do not realize that keeping records can significantly reduce their expenses, which means that people will have more money in their hands.
When a person is gambling, it is better to keep records in the currency in which the bets are made. Because if you put bets in bitcoin, and keep records in dollars, the statistics can be wrong because the bitcoin is constantly growing and then drops in price, which greatly affects th records. For example, you could lose 0.01 bitcoin today and you should have a loss on the day, but because of the increase in the price of a coin in dollars can be quite different result.

Being affected by bitcoin price and by the game you gamble with are two different things.

It's normal to be affected by the pump of bitcoin as it will give you an idea of how much you have to gamble by that time. It adds dollar value to bitcoin that you gamble so that can affect your bankroll if you're into dollar perspective.

Keeping track of every expense is appropriate if he is someone who is calculating in any way, but if he is someone who is lazy and even difficult about calculating, then I am not sure he will calculate every expense correctly. So, regarding whether the increase in price will affect the gameplay or not, I personally assume that the increase and decrease in price will not affect gameplay because the gameplay itself will always be adjusted according to the situation. By realizing and having the skills in that adjustment, at least recording expenses or not and about the gameplay itself that changes or not, at least it will not cause a problem that becomes a question about where your money goes, because you will be aware of the costs of each transaction.

When you do tend to gamble then of course you do know that you would really be on that situation where winning and losing is normal or simply the risk involved.
On the time you do tend to gamble then you wont really be minding much on what would be the price of bitcoin as of that moment yet most of the time you
will depend into its USD value on the time you would make a deposit.If you do play with $100 in value then you will just simply make out some adjustments.
Investment funds and Gambling funds shouldnt really be collaborated yet they had their own purpose.

Yes it definately affects game play.  When bitcoin is dropping people tend to bet more as they get more juice on today's game with the risk not too high if you lose since it will soon go lower anyway.  When bitcoin is straight on a bull run betting $100 today and losing miggt actually "feel" like losing $120, etc.