Bitcoin Forum

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up. ???

Why do you think this is happening?

What's the connection of the link on your topic, i thought its an statistics chart/site/data but it looks like you just inserted it, you better remove it if you mind or change it as a data and stat from the site.

"Market down, casino volume up" is just a coincidence as casino activities or gamblers doesn't care the market condition on when they will bet or play. It's just that gamblers will go to casino regardless the market condition.

Some users feels like they are losing money and gambling is one way to recover It, the sad parte is how lot of them ends losing all trying to recover a 5% or less.

Most of those users make big bets with low risk, buen even those bets can lose, so, its sad to see them placing all in at 90% chance to win and losing them.

There is no specific connection as anything can happen to make a volatile currency or market to rise and fall, it may be because of it demand and supply or any other related economic news and events, I don't think many gamblers even care about this, since they know quite alright that those that are mostly gambling are using crypto and same applies to crypto investors, some would have sell high to use their fortune made to gamble.

PX-Z is right about this person. He is talking about statistics about gamblers gambling more during bear market but he only posted a reviewing site.

I think this thread should be taken down because it is not about what OP posted that it is but a reviewing site for gambling sites.

What is the essence of this thread?

Are you trying to promote your crypto casino over here or you are trying just to call our attention to a high inflow of traffic on crypto casinos when the market is dipping, what he'll is the connection with all of this?

Mate, you need to make so.e clarification to this thread so that you can be properly guided through.

Just go and create a ANN thread here, or hire someone to create it for you. Instead of title click bait like what you did here.

It might backfire on the new casino that you are promoting, if you are the owner, this is not good to promote it here in the community like this one. Gamblers here are very smart and we all know what you are doing here, in my opinion.

I don't even see any correlation between the two he is trying to combine to work together, the market falling is not the reason enough for the crypto casinos to move up and be profitable, if we can look at it ordinarily from another perspective, then we may say that such period shouldn't be fit in for increasing casino activities in gambling because the market is down and many would have been in losses, but things don't work the way we reason them in most cases, especially when it's about gambling or crypto.

Because the crypto gambling industry is continuously growing, the market situation doesn’t really affect players' stance. People are drawn to the games, not just the currency they’re using to play, and treated crypto just a payment method for them.

Even if Bitcoin becomes more volatile, it won’t stop players from gambling. If they want to protect their funds from price swings, they can simply convert to stablecoins like USDT. So in reality, the price fluctuations of Bitcoin don’t have much impact on the gambling industry.

To be honest, the first thing that I see and came to my mind here is like a it's a brother of wazirx. That's just an honest thought and maybe there is something to do with that.

Maybe some big fish just want to let it flow in the casinos, gamble some and win some and take them back? that does ring a bell?

When gamblers gamble, they never imagine that they will lose or win, all gamblers enter gambling to win. When they lose their bets while gambling, they enter gambling again to win, but they forget that the market is down and the casino volume is increasing.
All this is happening only because of these gamblers, when gamblers win, they enter winning again and those who lose, they basically bet to win.

I don’t have exact numbers or statistics but I believe what really happens is the exact opposite of what you are suggesting. What I believe is that when the market goes up and there is a noticeable increase in bitcoin’s and other cryptocurrencies price, the crypto online casino industry flourishes.
Any one who has been here long enough, has definitely noticed that many new casinos usually tend to launch following a rise in bitcoin price.
You can also notice that there are more signature campaigns in a bullish market than in a bearish one.

Personally (short answer) I see a main reason, but I am not sure there is a real correlation since we can't have any confirmation on this...
People decide to gamble a certain amount, even if not all, just to recover/earn/maximize a profit. Sometime it's easier and profitable than just trading.
This not means its something that works but at least they think it could be a good way for achieve at least a profit in some way.

I don't want to visit this website, it seems suspicious to me. Can you verify that the data provided by this website is real?
How does this website gather data about gamblers activity on crypto casinos? Does the website owner have some sort of partnership with big crypto casinos? If this data is real, I have two explanations:
1.The gamblers are saying "crypto prices are going down, lets just spend my crypto on gambling". ;D This doesn't make any sense, but who says that gamblers are rational creatures. ;D
2.Many gamblers are spending stablecoins, so this artificially boosts the data about casino activity. In times of price drops and bear markets, many crypto users are converting volatile coins to stablecoins.

Gamblers gamble to gamble. To most of them market does not matter much, a part of them might be interested to not spend much when the market swings too much, but then eventually they cant resist and will gamble again.

From what I have seen subjectively, the habit will not change with market price changes but the average deposit amounts might reduce. I think OP will have charts to support/deny this claim and reach at better statistics.

Also for announcing a new casino, why not set up an ANN thread like others in this section have done before you? You can also hire a designer to do it for your.

Well, sadly, it's probably the classic 'chase your losses.' So, when someone gets a big hit in their portfolio, instead of chilling and waiting, they might run to the casino to try to double up.

Another scenario is that people just want to take a break from the charts and enjoy themselves at the casino.

Hey! NewCryptocasinos first of all, why are you here? You are a casino representative but you are not representing your casino instead create a thread and discussing market price. This is misplacement of priority. And in the price discussion thread you inserted your casino link. It is for what? If you want to discuss your casino, create an announcement thread for it and main discussion will take place from there and not beating around the bush. Casinos can come to the industry at anytime and not only when the market is going down.

We have seven years of experience in crypto gambling and over ten years of experience in trading, so I truly believe that we can share valuable insights on the market.

You have a different intention of creating this thread, the topic is not why you are actually here, you just want to promote your site which seems to look like an exhibition of various casino platforms and their reviews.

What do you gain from this, get paid and you list their casino on your site? If that's the case, you should've been cleared about your business proposal and see if others patronize you than been a snitch.

Not really mate, and if it make you happier, i can delete the link to our site,

Well, I haven't paid much attention to notice and confirm if this is true, but if actually it's happening that when the market goes down, gambling activities goes up, I think the reason why this is happening is very simple, people are always looking for ways to make money, and we all know that when the market is generally down, trading becomes less profitable, so I am assuming or guessing this is usually the time most people who are also interested in gambling turn to it to see if they could make some money off it.

Nothing is wrong in this I believe, it's just people exercising their freedom to various sources of income, promoting diversification in general.

Yes you can share but let your content tally and correspond with your topic. When someone post something in this board we first looked at the username to know who he is. And your username is not an ordinary username but a casino and I was thinking that you are representing a casino. But the displaying contents are different from the username. And that was why I asked the question in my first comment.

Personally I think this is quite stupid. Normally it should be the opposite, when crypto is up for the same amount of Bitcoin you can have more dollars and more longer gameplay and more chances to win compared to playing when for the same amount of Bitcoin having fewer amount of dollars so I don't understand why this is happening. Personally I play more when the price of Bitcoin is 100.000 dollars compared to when the price of Bitcoin is 30.000 dollars for the reasons stated above and I think this is the right way when to play more.

Most gamblers are crypto hodlers too, so when the price starts to fall they are likely to cash out and trying increasing their bet to measure up for some profit but whether they realize this aim is another thing. Gamblers are unpredictable in their style of trying to raise money in they are losing, so they can contribute to the falling prices when they sell off certain coins. Therefore, it is nothing too spectacular that is happening, no bad news so far.

So you have statistics on this where crypto markets are down --- casino activity is up? I don't pay much attention to this because what I see is that gambling activity increases whether the market is up or down.

There is a reason why casino activity goes up.
They use USDT to gamble, it doesn't matter if it goes down or up they still gamble or it could be just a small percentage they use to gamble.

If you can give us data or a link to a study about this scenario, then we can agree on what you posted, but you are just speculating.
And you are wrong on this: when the bull market starts, the casino industry is still robust; I don't see any connection or why would there be a connection. Gamblers will play regardless of the market condition; the market condition has no impact on my playing experience, and I don't see any reason why I would be affected.
When it comes to playing, every gambler has their own preferences

This pattern doesn't go the same way, but there may be coincidence if activities related to these, while there is no cognitive evidence to proof or show that they both work in the same pattern presumed by op, but as many would have it been said, majority of the gamblers we are having today are crypto users and make use of it for their gambling, but they don't use that as an excuse for the market performance to determine their interest to gamble.

Where do you get this analysis? Typically, the result is the opposite which is the gambling activity increases whenever the market is up since gamblers has more money to spend compared when the market is down.

I think the reason why there’s still demand on gambling during the market is down is some user seeking to recover quickly their trading losses on gambling. I do gamble sometimes after losing a trade just to recover some of my funds.

But in reality, it’s always the opposite.

Do you have any evidence supporting this? Though I could somewhat understand why you think this is happening, you should provide evidence to support your statement.

I think it's because people see the current prices as a better opportunity to take calculated risks, and crypto casinos offer a chance to hedge against market losses or even gain some liquidity. I'd love to see data on user demographics and betting patterns to confirm this hypothesis. Have you tracked any correlations between market downturns and specific types of games or user behavior at your casinos?

Then you can show us stats, surveys, or whatever about your claim to verify your statement. All I know is that whether it's a bull or a bear, the casino industry is continuing to bloom; there are no instances that the marketing of casinos has slowed down.
Your seven years of experience in crypto gambling and over ten years of experience in trading should be good but its not about your observation; its about the fact that you can show us that matters and I'm sure you have something to back it up.

When some people experience losses they may consider what's more to lose and adopt an all or nothing attitude.

The issue with this way of thinking is that indeed losing everything will be more hurtful than keeping at least something. Many people may consider why not sell at the top but actually it's a bizzare way of thinking.

Keeping any money in BTC has proven a win in the past and likely will in the future. Of the market is down, so long as you have a source of income, it's a good opportunity to DCA. Sadly though many people negate paying attention to having a stable source of income before investing.

Haha that you make statement that fits, playing in the market as an investor, trader and gambling both have risks although the risks are different but I agree that even though the market is down the crypto industry remains strong because in that momentum more people will start taking positions to be able to buy at the lowest price while gambling is just place to play or bet and have fun so the association with the market downturn has little effect on the increase in gamblers.
I like to gamble but I also person who is still quite active in trading and even though the market is down there are still several ways to try to make profit from the market such as playing futures.

Do we have reliable data that actually support this claim? Or is there really a correlation pattern on this? Otherwise, I don't think it's logical. I can't seem to find a solid reason why crypto casino activities go up when the market is down. I'm interested to know the reasons.

Could it be that crypto owners won't anymore think twice of spending their cryptocurrencies on gambling since their prices have fallen anyway? In a bull market, they probably keep it because the price is going down. It's precious. But during a bear market when prices are falling, they don't feel their value because of low or falling prices. Perhaps some would think it's better to risk them on gambling to try to grow them.

This may be a coincidence, or it may be a trend that is not very noticeable yet. But it may be related to the penetration of cryptocurrencies into casinos and bookmakers. This conclusion may seem strange to you, but I believe that cryptocurrencies have given a powerful impetus to the development of casinos, among other things. In addition, it is not entirely clear by what parameters to track activity in the gambling industry. By the volume of bets? By the growth of casino revenues? By the growth of the number of casinos? These parameters may partially not coincide with each other. It is also unclear how this relates to bookmakers.

But lets assume the casino activity goes up when the bear market begins, does it mean that people will tend to gamble when the prices of crypto is slides?

People here still gambles even when the market is bullish. Either way the market goes the users are still gambling. But I myself gamble more in the bullish market because I know I can get back my loss because I can profit in BTC rise.

Source?
How it is possible that crypto gambling casino platforms volume up whenever the market is bleeding? I am curious about this.
What could be the reason? Lol, with this we can make this as signal or indicator? hahaha Like what if the casino volume is down, is the cryptocurrency market going up?

There's no correlation at all.

People gamble because they want to gamble regardless the price of the coins. If the coins price down for 50% and the gamble successfully double the money, they will not earn anything. If the coins price rise for 50% and the gamble successfully double the money, they make 3x from the initial bankroll.

This is not trading or investment where traders might avoid to trade in bear market or they short in futures, investors might cut loss when they no longer trust the coins.

Most likely it's just base on his observation as obviously we all know as a gamblers there is no correlation. And for sure regardless of the price action, there are still gamblers who will continue to play no matter what. It could be Bitcoin or any other altcoin as we might treat crypto as sound money. Unless the fee is too high just like what we have seen last year or so. Maybe we can switch to less volatile crypto like USDT, but still though, as crypto gamblers we prefer to play along. In any case, not saying that the OP is lying or what, but there are no numbers or data to back this up and for those who have been playing for many years, this could not be the case.

Any stats to back this up? Blindly arguing I guess if we were to assume that every dump has happened during specific periods, rather than the dump being the cause, it might just be because the period we're talking about here is the prime period for people to start coming back (or start itself) to gambling. And me typing that out already made me realize how farfetched the idea is from referencing well, nothing, so I reckon explaining what you mean OP is even more so.

Gambling in crypto has an advantage when the market is going up as you can win a game and at the point of withdrawal price must have gone up and you get to withdraw much more than you had staked but contrary as the market is going down, if you win or even stake a bet with crypto the fall may affect your wins and to the casino it may affect your loss as to how well they profit because most often they profit from your loses,  this is my taughts though.

People can also come in their own various ways to manipulate  us of what is not it, ordinarily, an experienced gambler should know about all these, that it is not by the way of how the crypto market dips that attract traffic to the gambling platforms, any platform that do not understand the way of how to get users attracted to their platform by either promotional offer or any other activities to engage an increasing gambling activities, they won't see any result, this doesn't not depend on whether bitcoin dips or pumps, they were both different things.

Huh honestly I cant find any reason for that correlation. Gambling casino doesnt affect whether the market is up or down since its based on the number of users who solely wanted to play and use their money for gambling. I think even bear or bull, theres player that uses gambling sites. How did you come up btw with this idea that if its down the crypto gambling increases the players or users?

Where did you found there's an increase of activities in the crypto Casinos when the crypto market itself is down as bearish?
I think here's reverse be the case be what I know is that when there's a bearish in the crypto markets, it also signals players in the Crypto casinos sentiments of holding back because they can't afford to loose their crypto assets and diversify on a worse potential loosing activities as winning opportunities in gambling is very lesser while loosing chances is more.
So it's literally that when the crypto markets goes up in values, the crypto casinos are also signaled because investors would like fund their crypto wallets to play more games out of their profits while bettors already holding sum of values in their casino Wallets would demands rapid playing and funds withdrawals but while the crypto markets goes down, so also the Crypto Crypto casinos goes silent.

It seems to me that during the market decline, most people, namely investors and traders, get worried and go to crypto casinos to relieve stress. These guys are in a situation where their money is at risk of loss, and nothing depends on them, so they want to do at least something. And since in gambling threads it has been repeatedly claimed that a casino is an excellent anti-stress, if you do not become addicted, then this all seems true.

I think this does not matter, because not all traders turn to casinos when the market is down, and vice versa, gamblers do not see the trend of increasing or decreasing market volume, all they are looking for is luck by trying their favorite games. The most important thing is that they have the capital to gamble.

Same thing - Market is down casino volume is up
Market is up - same thing - casino volume is up.

The influence may be the big gamblers who have a lot of assets in their account then when the market falls it will feel the loss due to the market decline.

In addition, now that there are casinos that deposit BTC, it will automatically be converted to stablecoins.

Casinos will never be empty, they continue to grow with new innovations.

Market down, Casino volume up. How do you know that casino volume is up? is there any indicator that approves that. I mean I'm just really curious.

But if that true maybe that is psychology level when you lose almost all of your money people like me usually just go all in just to try the last luck if we win we can making a comeback but if we lose just lose it all and dont touch gambling for some moment

If the crypto market is depreciating some short term investors sell their assets and trys to gamble if they could win a bet to cover up their losses. However some do not see their assets when it's losing value cause they know that the market will skyrocket again and they will make more profits.

Honestly, I highly doubt that a serious investor would take money that he invested to put in a casino and play with the aim of making a profit. That person would need psychological treatment if he did that. Because it doesn't make sense to take the money from holding to go play in a casino that has the risk of losing everything quickly.


to add that people who buy cryptocurrencies are prepared for falls like these, so they keep buying more and keep holding for many years. This fall in bitcoin is not something that will make people sell in panic and go play at the casino

But we don't have data and studies to back that up; that's not the case in general among gamblers; they have their own preferences; even the OP cannot show data to back up their claim even though they have years of experience.
All I know is casino volume is always up, even if the market is up and will continue to be robust as many gamblers will continue to play whatever the market condition is.

To make such statements, you need to have statistical data. Moreover, without the evidence provided, this is nothing more than an unsubstantiated statement. I believe that the gambling industry has more or less a stable attendance, both online and offline, while the crypto market is volatile, which is why it is subject to fluctuations in the number of its users.

You’re correct, creating gambling related topic to get organic engagement is still part of your job. I think what the user trying to say is just stick to the regular activity of casino representatives which is just sharing news related to casino.

Maybe you should add source materials as reference when you are doing some analysis post to convince the users here easily since your account is new.

You can use price and volume history of casino wager and Bitcoin.

If this conclusion is supported by reliable statistical data, then this pattern is easy to explain.

As long as Bitcoin and other cryptocurrencies are growing in price, people perceive them as a promising digital asset that should be stored (and should be avoided from being spent). After all, over time, it can bring a large profit (due to the growth of the asset price expressed in fiat currency).

When a significant correction or a bear market occurs in the market, Bitcoin and other cryptocurrencies begin to fall in price significantly. People become disillusioned with them. They stop viewing them as something valuable, as something that needs to be protected and stored.

Therefore, they willingly use them for betting in gambling. During such periods, Bitcoin and cryptocurrencies are psychologically perceived not as valuable assets, not as good money, but as tokens for gambling.

These tokens can (and should) be spent in the hope of getting a good win.

I agree with this one... after all some casinos have been growing steadily over the years. This tells us that no matter what the market is like, people will gamble...

When the market is down, some people will gamble to make up for their losses, when the market is up, they will gamble because they have excess money. And some of us are crazy and we gamble no matter what the market is like. Simply, most of us have dollars or euros in our heads... so if we gamble with $100-$200 we will deposit less or more coins depending on the current price.

Absolutely and way to prove that gamblers doesn’t care about the price to gamble is when the Bitcoin fee increase to insane amount due to mempool pending unconfirmed transactions.

Therefore still a lot of gambler playing and willing to pay the high fees just to play which means a gambler will always gambler regardless of market conditions since they have money dedicated for gambling probably a salary in fiat which they convert to crypto just to gamble.

Personally, I preferred gambling during market is down I will have more crypto in holdings to gamble to boost my holdings quantity as preparation for the pump.

I personally do not have the statistics to confirm or deny that actually happens, so in my eyes it is a new phenomenon.
One should see whether that increase of volume being wagered in casinos is explicitly in coins which are experimenting a decrease in their price, or mostly people switch to stablecoins during times of uncertainty and also decide to gamble more than usual.
At first glance, I cannot see a direct and obvious correlation between both things.
A possible explanation would be people feeling more comfortable with gambling their coins when those are valued less, but it sounds rather like a shallow thing to affirm.

I am not sure but doubts about that your are promoting your review site was not a good approach.

Anyway, even if you are looking really peoples opinions about this regard then I think this is a commonsense like when human were in a loss then their risk-taking appetite also increases.

So that's means when crypto market goes down peoples face also losses and here I think there is also a good percentage of peoples thinking about the quick recovery and there peoples goes for betting to make good profit and in the mean time casino volume goes up.

I think the only explanation for that is that when price is pumping, gambler prefers to hold and earn profit on their crypto asset but when price is down, they will freely use their coins to gamble and can even buy more coins to bet.

If I am not mistaken, this kind of discussion had been created in years back. And when the price goes up the amount a casino will spend to set up casino is higher than when the price is low. So when the price goes down amount a casino owner to develop a casino is low and they have to use that opportunity to set up their casinos fast before the price goes up again. Even investors too. When the price goes down, the number of people investing at that time is more than when the price is high. And that is the way casino developers also use that method to leasing expenses.

Basically there are several factors why when the market is declining but casino activity is increasing, one possibility is that investors are trying to make profits in casinos, we know casinos are the fastest place to make money but also the fastest place to spend money.

Another factor is that investors need a little entertainment, maybe when seeing the market in the red makes investors more stressed, casinos are a great place to distract from it all, but don't overdo it because when experiencing a total loss can make you even more stressed. 

I don't know if there are still investors on casino though, if I'm not mistaken, it was like seven years ago that this could be the trend here in this community. But there are threads that says that investing on a casino bankroll might not be a good idea.


I don't know what you mentioned investors here, the one that run casino is still us, gamblers. Because if there are no gamblers obviously, casinos are not going to make money even in the market is up or down. Investors are just there to make their money grow but without players it will be nothing and they might lose money in the end.

When the market is down and you win at the casino, you’ll end up with more BTC/ETH for the same amount of dollars. When the market goes up, your winnings increase as well.

For example, if ETH is priced at 3k and you deposit 3k USD and win 3k USD, you’ll have 2 ETH. If ETH drops to 2k, and you deposit 3k USD and win 3k USD, you’ll have 3 ETH.

In both cases, you deposited 3k and won 3k, but in the second scenario, you end up with 1 extra ETH. I’m not sure if this has a significant impact on casino volume, but I tend to focus on the amount of crypto I have in my balance when I stop playing, even though the dollar value is what’s displayed during gameplay.

I share your perspective in your answer to OP question, when market is down people who are into crypto will naturally want to try their luck in gambling with their coins. Another reason as you said will be to unwind with gambling when market is down, something that can give them entertainment and hopefully or maybe also give them profits or wins. It could just be coincidence because crypto gambling is becoming very popular and more people are getting into it everyday. A lot of people that don't have the time to visit physical casinos and bet shops now rely on online casinos to play games hence the increase in popularity and patronage.

It's not really that there's any data to back up the ideas but most at times it's just nothing but coincidence or the temporary market plunge makes gamblers to freely afford buying the crypto they wished to gamble with at their best casinos but if they already have those coins in their possessions and they see price surging high, they might just want to hold unto it since they are getting profit on the coins.

I also don't know why it happened, because I didn't find a website that provides data on where the volume of money in the casino increases when the crypto market goes down.
However, I actually have the opposite thought because when depositing to the casino everything will be calculated in USD so using crypto when it goes down will make us have to deposit more if we want to reach a certain amount so that makes me reluctant to use crypto especially Bitcoin and only choose stablecoins.
However, if what you say is true, it is possible that traders see the market as sluggish due to a deep decline, so they choose to gamble with the thought that they can still make a profit if they are lucky, but this is just my guess.

You really think gamblers are that diligent to be making those assumptions on trades before they gamble? They just want to blast their money away and will stop at nothing to prevent it.

So for them money at hand is money to be spent on gambling and hence they will not stop at any position to think twice of the possibility of trading those coins over gambling.

Of course the casino volume might be affected by market due to initial shock value but it does not matter much to the players.

It is quite possible that some gamblers, seeing losses in their investment portfolios, consciously overestimate their risks in gambling. But if there are such gamblers, they are not so many relative to the total mass. There are also gamblers who realize that now is a great time to invest in cryptocurrencies and the stock market, so they direct all their free money to buy assets that have significantly decreased in value. I don't think that the increase in volume in gambling is directly related to the panic on the stock and cryptocurrency markets. It is most likely a coincidence.

degens want high rewards no matter the venue, this would be my explanation
if they can't gamble on shitcoins because markets are really depressed right now they'll find a different way to feed their desires
and next logical one is obviously gambling

easy to bridge from crypto exchanges or on-chain to gambling websites too
maybe that's it

what website are you using to track gambling volume?

I have seen that myself and as a matter of fact, I too am among those people who visits gambling sites when the price is down. The feeling I get is if I'm already losing the value, I'd risk it and get double or nothing. Another reasoning is the coin is not as valuable now so I could have more fun spending less.
The choice of gambling in these time too are fast paced where I don't have to wait. I fire up Seuntjie's dice bot to lose my money at a fast pace while I chat with other frustrated users in chatbox. I guess it's something similar for other users as well.

I don't think most of the casinos even take into consideration the market performance of cryptocurrency, when they know that such could not be an issue from their own end, we are gambling to only use any coin of our choice and they have a numbers which they supported, the market rise or fall does not also concerns us, neither does it determine what they receive as an output performance of gamblers or their casino, anybody having his money at hand can gamble irrespective of the market condition.

the market going down and its impact on casino activity going up has nothing to do with it, because the people in the market are not all gamblers... and even if there are some who are gamblers, they usually already have their own allocation for their gambling, so when the market drops they will not pass it on to the casino. and with that what you see here seems to be a subjective view, not a reality on the ground because it doesn't have strong data to back it up.

This kind of factor often occurs when the Crypto market is plummeting, where gamblers are a bit easier to pair bets with crypto, especially bitcoin and also several types Other digital currencies, in addition to cheap transaction costs, gamblers are also affordable with the market situation down like that.

Certainly high hopes in gambling, not about victory, but about the value of crypto itself, if they win more gambling, they can save the winnings in a certain period, when the market rises, they can Release it again with a high value, actually gambling with Crypto currency is more profitable than Fiat, crypto value if it rises far to get a profit, do not be surprised if the market plummeted many who plunge into the Crypto casino.

A very interesting remark in my opinion. I once thought about this too, but I didn't know that this is exactly what happens. Maybe because some investors and traders can no longer bear the pain of stocks or cryptocurrency falling too low, they don't want to tolerate it and withdraw their entire deposit to quickly decide in gambling whether they can get their money back right now or the deposit will be zero. Although it would seem that smart people should buy when the market falls, perhaps such things are constant, the psychology of most people shows how weak they are and can easily lose their money.

Well I think it's also important to note that the regular financial markets are also down of late, so I wonder if this coincides with cryptocurrency markets or if they are separate in this sense.  What does this mean? Perhaps it just means people are trying to make money elsewhere which would show a huge lack of intelligence and gambling degenerates who are going to end up losing their ass as they are clearly desperate at this point.

No, as much as we think that they are not connected, all financial instruments are connect in my opinion, Nasdaq, S&P, gold and oil. And so when they are down, our market is also down in retrospect.

So it means that the investors are pulling their money, maybe hedging it for sometime or maybe just stop investing for while. But for gambling? I think there's no stopping them, it's a billion dollar business and so it continue to grow as there are a lot of gamblers around the world that can't stop.

Unless you take out your winnings and convert it to fiat soon immediately after you win it. Some gamblers are quick to gamble the money they have won after anyway.
Maybe when coins are too expensive, not many gamblers would want to use their coins but it is also possible that when the market is on the rise many gamblers would have earned from the volatility and would be more inclined to gamble.

I haven`t calculated it but think that it is possible. When you get loses from the cryptocurrencies, you try to return money in other ways. And one of such ways is gambling. But i don`t sure that lots of people can return their loses in such a way.
PS. My last serious gambling try was in 2023, when cryptocurrencies were down. In 2024 i played mostly for fun. :)

Well, I have not noticed this or taken notice of this myself, I guess you either own or work closely with most casinos and possibly do get this type of data or statistics from casinos to know that when the crypto market is down, activities in casinos increase.

If this is true, I think the reason is very obvious and clear, Men are chasing after money and when it seems or looks like a door has closed, every one move on to look for the next open door.
What this mean is that when the crypto market is down in a way that making money off it becomes close to impossible, those who are also gamblers then or will shift their attention to gambling since most people hate staying idle.

This is the only reason I can think of as to why activities in casinos increase or will increase when the crypto market is down.

I think only the casino has statistics to back up this claim. They could research whether cryptocurrency prices affect casino volume. On DappRadar, you can find incoming volume in the gambling section from websites like Polymarket. However, I’m not sure if this data can be used for a fundamental analysis of this relationship.

One potential hypothesis could be that when crypto markets decline, people cope with their losses by gambling in an attempt to win back their crypto losses

Yes, casinos, but also slot providers, affiliates. We can also measure activity through different statistic programs like Google Analytics, Ahrefs, and SEMrush.

it's not about what the casinos do in this case but about the behaviour of market participants (traders and gamblers)
there's probably a huge overlay between those and when markets are more depressed, boring and harder to play we probably see a lot of flow to gambling and sports betting
doesn't sound absurd...

I think it is because some people might prefer gambling their crypto in an online casino rather than waiting for it to go up because they think it will just keep going down. That way if they lose it through gambling, it feels less regretful than simply watching its value decrease over time. It’s like shift in mindset from long term investing to short term high risk betting, where at least there’s a chance to win rather than just holding onto losing their crypto. For some it’s a way to make the most out of a bad situation, even if the risks are just as high.

If many traders are also gamblers, then it makes sense that they’re doing this. Investors, when the market is down, often convert to stablecoins, and since stablecoins are easily usable for gambling, it creates a natural crossover between trading and gambling.

So in a way, this actually benefits the gambling industry even when the crypto market suffers, gambling platforms still get activity, making it a sort of win-win situation for both sectors.

But OP, can you share some data or sources to back up your statement? It would be interesting to see actual numbers on this trend.

This will be a nice thread if you can show the real stats here given that you claim you data records that measures gambling activity through different source.

I’m curious on gambling behavior of gamblers on every market movement.

You should do a regular update like weekly or monthly to see consistency or changes on the numbers.

recency bias is a sticky thing
if prices start to go down we think they'll go down forever
if prices are going up we think they are going up forever

but we have to remember that nothing is forever
change is one of the main laws of life

this is how it goes

I have never seen that happening. Does this happen always? Proofs?

I mean, it's a different industry, I don't know how it is connected. Online casino volumes are going up because the number of gamblers also going up. They know it's a market where they could make profits by simply making an online casino and injecting slot games or casino games. One developer might not even need a bunch of people to make that happen so it's low cost and high profits which is why there will be a mountain of different online casino names that will come out. The ease of access is what makes gambler play more and they will try different applications or websites that will suit their needs and who knows if they will bump to the new ones.

This reminds me of 2017 when I played craps at freebitco.in. The players I communicated with said they loved it when the Bitcoin price dropped because they won more, but they didn't play when Bitcoin was trending upward because they said the casino "adjusted" by not allowing them to win too much due to the value of the satoshis.

Actually, there may be some logic to it, but I stick to the idea that every casino applies its house edge, and that's what allows them to win or not, whether the price goes up or down.

Yeah, they do try to chase whatever they lost only to fall deeper into the rabbit hole. I'm sure many have shot themselves in the foot time and time again. It's a risky way to do it but hey what's life without risk? You've got to shoot your shots and take the chances if you're feeling it in your gut. It is odd though to see that volume in gambling sites go up when the market is down, I wasn't aware. Interesting.

That wasn’t a real pattern in real life, it was probably just a coincidence as no casino would adjust its system to make gamblers win just because Bitcoin’s price is up or down.

The reason people say "casino volume up" is because gamblers tend to bet more Bitcoin when the price is not moving up. It’s like they’re also hoping for a price increase so that if they win, their earnings will be worth even more when Bitcoin’s value rises.

Knowing that in gambling people lose more than they win, I find it very difficult for someone who HODLs to sell the coins they have because the price has fallen a lot and go play at the casino with the purpose of recovering everything they lost. People who invest are very strict with their money management. They have clear objectives: "to make a profit" even if it means waiting years. They will not use the money in the casino to

Honestly, I don't think it makes much sense. For me, it's much wiser to move in other assets to protect your capital from market fluctuations. Relying on games to recover losses isn't a good strategy as well, as it's largely based on luck. And there's a high chance things could get worse if you resort to gambling to try and recover losses.

That's because people try to recover their losses or seek entertainment in the casino when the market isn’t going in their favor. When there's no profit in trading, some turn to the casino,gambling in general,hoping to have better luck there.

Sometimes, gamblers feel that it is cheap to buy coins when the market is down. But it is the same coins they are using to play with. They maybe can afford to buy more coins to play if the price is down. So they feel, they are richer and have more money to spend with their games.
As much as possible, instead of gambling, you can also invest in valuable coins when the market is down. So when the market recovers, you can easily get good profit from these valuable coins.
Some people will really take their chances as they want to multiply their holdings in a faster manner. However, this is gambling. And assurance is never a guarantee even if we say, you deploy all your known techniques or acquired skills.

I doubt this is the case because most of the casino now displays bet on Fiat/stablecoin currency as default setup since it’s very hard to determine the bet real fiat value when you are using crypto as currency on your bet.

In my opinion, the most possible reason is because some crypto holders wants to recover their loss quickly through gambling and some wants to increase their holdings through gambling since they are already invested to hold crypto due to low market value.

So you mean to say that they are ignorant of how trading and the market works in the first place because a sane person would never gamble their holdings away only because the market is down or is going down with the mindset that they can't see their assets lose value so they are going to lose the assets instead, lol.

If you know the market and how cryptocurrencies work, you wouldn't even think of moving 0.01% of your assets when the market is down because you would know that's going to cause you losses, and you can't think of gambling them away. This is definitely not the reason why casino stats go higher when the market goes lower.

I think people might be trying to get profits from gambling when they aren't getting any from the market.

No, he hasn't and the initial post was actually an ad for a gambling review website:
https://ninjastic.space/post/65103549
So he was just promoting his website with made-up clickbait data.

As for this scenario to be real it's highly improbable, it contradicts the behaviors of crypto enthusiasts who want to accumulate when the market is down and also would imply that gambling goes down when the market goes up because people don't want to risk their funds there you go, you have cured gambling addiction. Also, I really doubt casinos would give away data that easily on the numbers of users and the volume they have to match such a study.

Is there any chart or data that back this your claim up? If there is one I will like to see it, I am not saying I don't believe you though but such data can come in handy, I think it make sense if this is true because the bear market is always a boring period for people who are not full time traders.


I will still like to see your tool or ways you know that gambling activities have increased massively, because gambling isn't an asset like crypto, so the volume you claimed sound funny.

It makes sense to risk some money on casinos when the crypto market is not performing very well, so I am not against this, but there is never a time where gamblers don't gamble, either market is bad or not they don't care because such activities in the market don't affect casino businesses.

What you say is an obvious fact, obvious that most people who gamble lose, i am would say normal otherwise we would not have all these casinos present on the market. Each of them wants a slice of the cake
And then gambling is something as old and ancient as prostitution

It should be like the good type of market condition the more gambling activities there are, the users will earn a lot of money from the market and they will go to the casino to earn more or just for entertainment. However, when the market is down, fear grows among users that they will lose all their assets in a second, and for that, they look for something that can make them feel secure. The casino is the best place for them, where they can not just earn but also double and triple their money, but only if luck is on their side. So this is the thing that most people will do, but I have never heard that crypto users go to the casino to make money after the market is down. The casino has its own users, and they will come regardless of any obstacles.

yes I also think it's just a coincidence, the fact that the market goes down and the gambling world's turnover goes up is just a coincidence, gamblers will always play even if the market were to suddenly collapse, those who bet, always bet anyway

Perhaps it’s just a coincidence—I actually hope it is.

It would be a bit sad if investors turn to casinos to try their luck when the market crashes.

However, our stats indicate that traffic to casinos tends to increase when the market goes down. Of course, this could absolutely be a coincidence, and I’ll take a closer look at it moving forward. If I find concrete evidence, I’ll post it here.

I don't believe this shit, gamblers do their things irrespective of market conditions, maybe the casinos are getting influx of new gamblers, meaning their marketing activities are converting.

It's always the case that when a change is being noticed, there's a possibility that it's linked to a current trend, now it's the negative price correction, maybe later another new concern. I think your claim has nothing to do with the markets.

It's happen because you have lost part of your crypto portfolio in trading and the best way you think you can get your money back is to try gambling. Gambling is not a joke and we shouldn't see it as a shortcut because it won't be funny at all. Those that has been gambling for a long time now can attest to it that gambling is just like a game of mind.
Most gamblers and those that have interest but don't gamble mostly think that one of the best time to gamble is when they need urgent funds or when they've lose some funds in cryptocurrency and the best way to double it is to go fully into gambling. This is the perspective of many gamblers and it works for some and don't work for others.

This was also the first thing that came to my mind when I saw the topic title.

I also think this is one of the big reasons why even after the crypto market goes down, the gambling market continues to grow day by day. However, this can never be a good thing because gambling can never be a means of loss recovery in other cases, it is only a source of entertainment.
But I will add one more thing to these things that not all people in the world are interested in cryptocurrency investment but there are many people who are interested in gambling. Both have different markets and in this case the gambling market is different so it is natural that the market will go up even crypto market goes down.

I second what you just said. I'm not sure if down market is the reason for surge in gambling, I'm not sure sure where you get your fact from but people gamble regardless of the market. I have this dude I'm following, this guy gamble almost all the time and the money he makes from gambling, he forward them to crypto and invest his money on the coins he likes, he risk in gambling and risk the profits in crypto and he is still doing that despite the market condition.

The only time I  think people will gamble less is if market crashes like real crashe. So far, we are still trading above $84k and there is an ongoing news that Michael Saylor is buying more Bitcoin to average his position so his liquidation price will go lower, with that great move, even if the price goes down, his liquidation is protected and the market will be fine, the gambling will also be fine because even the casino hold some of their money in Bitcoin and other coins.

I do say on the same thing on which this isnt really that been proved out because if we do speak about having that market downfall in terms of volume and other correlated aspect or informations then we can be able to say that this isnt really that something that will be meaning out that casino volume would be going up and also there's no solid proof that casino volume will be going up just incase the market dumps. Usually it will really be that falls down into personal approach on which just like on what you have said that on the moment that you do lose up some money on trading, then you would really be thinking up for making or doing gambling because we do know that this is the easiest way to earn money or something that do talks about instant. This is where we do make ourselves becoming delusional because of that approach.

Casino volume could go up without any basis on which gamblers could anytime play as they do want. Trading on markets and playing out gambling or casino games will really be just that too different things.
One is for investment and one is for entertainment on which you shouldnt really be needing up to mix up both things on which it isnt really that right at all in the first place.

I think this is one thing that most gamblers fail to understand and at the end of the day it often puts them in a net loss instead of profit. The sad fact is that trying to pursue profit intentionally especially as your main drive will 9 out of 10 times put you in loss.
The bigger the potential win the bigger the risk and most times probability wouldn't be on your side, and sometimes when you still choose smaller odds to reduce your risks you may still end up losing if luck isn't on your side.

Op without a fact backing up your comments its obvious your statement is based on assumption. I was hoping to see some real data chart analyzing the rate of gambling during dump seasons on crypto casinos but No! You didn't provide any prove. However this is the first time I'm coming across such idea and would love to know if its a genuine fact because from what I've heard, crypto traders who are in for trading would sell their coins swap their coins to a stable coin so they can get more time to study the other projects without thinking about price changes on the coin they're holding. Most traders even sell to buy other coins directly because as one coin experiences dump, there are other projects that just got listed and could give a x20. Its possible most traders also withdraw during dumps to gamble but before speaking with so my confidence you can provide proof so we all can be assured that you're not making up stories.

Many of the same gamblers actually rely on their past experiences that they have gotten either when they were actually trying to win back their money and for some of those times he or she was actually lucky then it gets fixated on their thoughts and action. If you are gambling and feel the urge to actually use it as a means to maybe probably recover some of the money you lost before then you are setting yourself up because the number factor in all of this to consider is that luck is everything and if you are not lucky no matter how hard you try to replicate you will most definitely lose more and more.

It's interesting, notice that when one doesn't know much about this, they don't see it with that cumulative thought in fiat money value, but rather they see it as the casino increasing its house edge to get more of its btc and you start making friends in Online casinos who don't know much about crypto and they assure you that, in fact they don't play Betting btc when it goes up in price because they think that the fastest casino will apply that advantage and the btc will go away faster, however I say this because most think that way , of course at this Level we know that it is better to do that and bet more btc to accumulate that value.

I'm finding it difficult abit to understand what message your thread is trying to pass as an information, meanwhile we all know the gambling Industry is experiencing a total increase and decrease in every slightest chances, so in situations where the market is down I think it's favourable to the casino thereby making them competent for generating much profits to themselves while the gamblers hit at most loses. And I believe this is happening based on the high involvement of gambling activities that has increased overtime.

I also find it difficult to believe, adding to the fact that the op didn't present any data to back up his claims. Another thing is, unless the person is not a true hodler and is not selling alone, a low price below the purchase price is a loss on his end, while taking more risk to lose the little left over, or is it a point of trying to double the money? And if that be the case, they get their sent out from what they consider to be frying pan (market dumping) down to the fire itself (gambling). Because losses in gambling can't be recovered, like crypto presents you with a little chance for that after a dip.

I don’t agree with the OP at all. I think one of the reasons why gambling with crypto got so popular is people were making huge sums of money quickly and were easy prey as a result. People gamble when they have MJ ey to gamble away. So the higher the market goes, the more people will gamble…

Many people have lost their wealth due to the market down, so they can rely on gambling to quickly recover their lost wealth. Especially those who do not have confidence in the market can put their money in gambling. This is not uncommon. I myself have sometimes been in a situation where when the market was down or in a long bearish market, I deposited some money from my investment in a casino and gambled. Sometimes I won and sometimes lost. This can happen and I think it is normal. Although there are no exact statistics on this. However, most causes this tendency is present among those who gamble and invest, those who are not involved in gambling will not try do it.

Because when the market is booming nobody wants to lose what today might be not a lot but as it goes up the loss is more (in terms of fiat value).  When the market is dropping physchologically you dont feel as bad because its losing value anyway.  I think people sell as it goes down and buy as its bulling.  So why gamble when you are trying to accumulate.  Thats my theory at least.

I remember noticing that alt coins can be far more active when BTC is negative in a sustained way.   I reckon its because BTC is our dollar, its the strength in this crypto locality and when BTC goes weaker its almost like a stimulative effect, the easier or less held onto money is now more liquid perhaps more able to be spent then when being held or bought up in bullish runs ?

I reckon there is some logic to that effect but its hard to tell when we live in the shadow of the dollar.

I don't think gamblers bet based on market conditions. Gamblers don't care about market conditions, they can always use their earned money and their savings to gamble. I don't know where you might get this idea from, but when I gamble, I never depend on market conditions. I use some of my earned money to gamble. You might think that when the market is bad, people gamble to relieve tension, so when the market is down, gamblers gamble more. This is completely unrealistic, which is not in my opinion.

Most gamblers don't look at the market condition but rather look at how they can recover their losses and make money in gambling. In fact, as we can see, the number of gamblers and casinos is growing, which means that the development continues despite the market not looking good.

What you have seen is something that will tell us that gamblers never see it as important. What is in their mind is to fulfill their wants no matter what the condition is. They don't care about the market but rather care about their desires.

But gamblers dont really care about such movements. They want their rush and they will do anything to get it done. Besides some handful diligent gamblers who are only doing it for killing time and having some fun. most traders will spend and continue to spend even when the BTC price goes higher up than the buying price.

Altcoins are always another option - this is why today almost every casino has altcoins available to be used as money to play with.

Yeah, but there was a time wherein everyone was really playing with BTC, as fees are cheap and even we really don't see that the price is going to shoot. And then it started to grow specially in 2017, and then we start to hold, casinos started to accept altcoins.

But still, up to this day though, if I wanted to play online, I still uses Bitcoin, maybe it's the crypto that I used to known and I doesn't want to play with any others altcoins as I don't have them anyways. So regardless if the price is 6 digits again, there will be gamblers who's going to stick with Bitcoin for gambling.

You're absolutely right, as long as the fees are reasonable.

Not all gamblers have an investor's mindset, some just use Bitcoin purely for betting. Regardless of price fluctuations, Bitcoin remains the best gambling currency when the network isn't congested.

That said, there are now many alternatives (which is good). But if I were to use altcoins, I'd prefer stablecoins to avoid volatility concerns entirely.

Those who are somehow prone to ludomania, at the moment when they lose certain material or virtual values, there is an acute desire to win back. Therefore, everything is logical, someone's assets in stocks/bonds or cryptocurrencies sagged, they start looking for options on how to get them back. And then comes the idea that you can do it with the help of gambling. And some people try to drown out their stress by gambling.

revenge trading should be studied
it's definitely more common than we expect, people don't really talk about it, it's a bit different than mania, which is also common

One thing everybody should remember is that just because you lost doing A you don't have to make it back doing A, you can do B, C or D... many different ways to make money or restore losses

This can happen for various reasons, whether someone invests in crypto or uses money for gambling, the intention in all cases is to win something big and strengthen their financial position. So when the market is down, many traders convert their investments into stable coins. And at that time they can use casino sites as their source of income. Everyone says that they use gambling only for fun, but here their intention is to win and earn money from it. Perhaps something like this can happen for these reasons. I am not sure but I can guess something like this

It could be a logical reason behind the phenomenon mentioned by OP, although I'm skeptical it could be happening in large scale, because it's unlikely a considerable portion of investors will have the idea of recovering losses from crypto investments through gambling, as it's a pretty dumb idea.

It's more like a desperate decision of chasing losses by some investors who didn't draw long term goals before starting their investments, while those who planned before investing will just wait the market to recover, without having to appeal to risky activities in order to make quick profit.

You are absolutely correct that is the real truth about it, because all gamblers intentions is always to came out with a huge win nothing else. However, just like as you mentioned once a trader noticed that the market is not on their own side he or she have no option than to secure the ones that they have, so that they wouldn't going to end up losing all at the same time. Of course we gamble for the the winnings, but sometimes is quite good for us to always see it as a fun or entertainment because winnings is not always sating in gambling.

Well, every gambler's purpose is to win. Yeah, there's the fun side while playing the game, but I think no one wants to lose. We all want to win at least a bit of money and maybe use that to have more fun.

There are no facts and proofs that the crypto casino goes up when the market is down. I don't think it's happening for a reason, it might just be a coincidence. The only possible reason that I see is that traders don't want to do anything with the market while it's down, and so they just play around, gambling or whatever entertainment they can get.

Maybe you could share some actual statistics on this, in the form of anonymized data or graphs, because it would be interesting to see the underlying data behind what you've said. I just think that crypto has been growing all that time, so new people are still flowing in which made distort the conclusions that you have made - the recent spike in the bitcoin price attracted new people. Those people might drop money on to crypto as a punt, hoping it goes up in price, as the market turns they get scared and decide that rather than cashing out via an exchange, they'll just gamble it instead which might increase the amount which they've lost in a dip. There are all sorts of motivations in play, but it's similar to how "sin stocks" go up in activity during a recession as people trade big luxuries for small ones.

Whats the relevance of the topic with the gambling and the casinos growth up. If the value itself seems i can see a potential but in terms the increase up of the number of casino and the wins it seems its off topic at all then.
If its true then OP kindly provide an evidence or statistical data so we can discuss.

It is obvious that trading and gambling compete for the user's attention. Their target audiences overlap to a large extent and direct their attention to the most relevant area. When the so-called moonshot takes place in the crypto sphere, then trading itself becomes gambling and casinos and sports betting become less interesting. By the way, recently we have seen the birth of new spheres of employment of crypto enthusiasts who compete for the user's attention along with gambling. I mean retrodrops. When there was a surge of activity in retrodrops, I think that interest in both trading and casinos was fading.

And indeed... I don't understand any connection between these events. A banal coincidence and nothing more. Why look for a connection where there can't be one by definition? This is something new for me. There is no need to look for meaning where there simply isn't any. Far-fetched. We need at least some facts and evidence of this, but for some reason there aren't any.

Until now, many gamblers still think like that, where gambling becomes their hope, thinking that it will help them get out of their poverty if they hit a jackpot with a small capital that they
will put in, and most of them still have a lot of hope in their lottery betting.

Even though millions of bettors bet, only one or a few are the winners, but they are full of hope in gambling that they might suddenly get lucky when they play gambling,
whether it is online casino or offline casino.

Financial markets have experienced a very strong drop, we can say a record drop. In other words, this is a full-fledged crisis. Many investors suffered losses. Now pay attention to the fact that any person who finds himself in difficult circumstances hopes for a miracle. The seriously ill man hopes to be miraculously cured. People who have lost money hope to miraculously get them back. And where is such a miracle possible, if not in gambling? You can only win wonderfully in a casino. In general, various industries that promise miracles always flourish in times of crisis.

For example, religious sects, various psychics, sorcerers, coaches of commercial cults (such as Blinovskaya). Because they are in demand. Whereas in prosperous years, this is not the case. This is the connection between the economic crisis and the casino. Moreover, you can really win at the casino, which no scam coach can give.

I've spent time with few smart traders in this space and they all agreed that when we are in a bull market is the best time to trade, it's true that we can still trade in a bear market by shorting the market but trades tend to go wrong mostly in a bear market than a bull market.

---

We know how hard it is for many people to get trading right, once things are not looking good in the crypto market they will surely find another means to take risk, it's the same reason why gambling became more popular in 2020 due to the lock down.

---

I still stand by the fact that gambling isn't here to take most people out of poverty, if you have this mindset you are in for a big trouble, take your investment and business more seriously and enjoy those little risks in gambling.

There is no big deal in such situations like that, It could just be a coincidence or maybe crypto casino gamblers prefer betting during bear season as to try if they can win a huge amount of USDT during the bear season to buy more BTC at it low price to make more profit during bull run. for example if $100k afford you 1BTC during the ballpark of $100k now Bitcoin is low at $88k per 1BTC, meaning that a person who gamble now and win huge amount like $88k USDT, may use it to purchase 1 Bitcoin @$88k and HODL to sell high probably when Bitcoin reaches $100k the person may have made himself a whooping amount of $12k. So gambling during dip in the market or during Bear season is a sign of wanting to accumulate more since the market is deep.

I also agree with you, I don't see any logic behind the market going down and the volume of casinos going up because usually, when the market goes down, people would be more hesitant to use their assets because they will be at a loss if they do so, and if the market is down, people wouldn't use their assets for gambling unless they have liquid assets such as stable coins and they decide to try gambling to get some profits because the market is down and they are losing value from their portfolio because of this.

Even then, I don't think a lot of people, sensible ones, would decide to do something like that with their money because if you are wise enough, you wouldn't waste your trading capital in gambling because gambling is not like trading and only luck can make you win something, otherwise, you are going to lose the money you are depositing.

Those who often playing gambling will not care with the market situation. As long as they can gamble, that will satisfy them and still choose the other gambling games to play. But those who gamble occasionally will care with the market situation and will leave the market for a while if the market is down. But they will return to the market when the situation is better.

What people search are profit so when they can not get the profit from one way, they will search for the other ways and gambling is one of that way. But those people must be careful because they can not win in the gambling games. Gambling is just for fun and not to be a way to make money.

I understand many gamblers are self motivated in their reasons rather then the wider market movements and strengths to various currency flows matters very little to their daily activity.   I do favor the overall market being much larger then whales though they are the most prominent stand out gamblers the market is always a grander prospect and momentum, the majority define a trend.
   Some people think BTC itself is manipulated on puppet strings pulled by the whales who buy or sell,  I think its the other way round no matter how big the whales they still swim in the same sea & the tide effects us all ie. the trend is your friend.

  Dollar down will stimulate crypto usage maybe not immediately but its a fairly massive universal effect across the range of alternate assets, anything that isnt dollar bonds basically can benefit in times such as these.

When the markets fall, many traders or investors who have lost tens of percent of their portfolio can get emotional and try to win back very quickly. To do this, they will transfer all their money, for example, to a casino and try to win back using the Martin Gale strategy, but naturally, if they play without stopping, this is a direct path to losing their deposit. However, of course, there is a chance to win, but I personally thought about it, but I will never take such a step, because I do not want to lose everything completely, this will be a strong blow that will affect my emotional state. Generally speaking, I do not really want to associate gambling with the market, at least for myself)

But for a person to take such a desperate action, it seems to me that he must first play or trade with money that was not his own.
Simply, if a person plays with his own money and loses it, then, most likely, he will come to terms with it and it will leave pain inside him, but if he plays with money, which he will have to give back later, as he does to a person who, especially, inspires fear in him, then such a person can decide on such stupid dangerous steps as a casino.

Most gamblers losing presently are those trying to recover from the losses that the market corrections has given to them but they don't know that you can recover your lost funds by continuing to hodl and not to sell to try with gambling with the funds to double or make back their capital.

Gambling is risker than investing and as you're hodling Bitcoin, you still have hope that when the market recovers, that you're going to make back your losses but when you're trying to gamble, you're only going to lose the remaining funds that you had after losing to the market because you sold while your portfolio was in losses. The market being down means people can't make money in the market unless it's the future traders that are shorting the market but not everyone has the knowledge of trading in that way.

It could be a waste of a chance. I won't sell my Bitcoin just because the market is down. Worse is to gamble those funds just to get back all the losses from the failing market. When it comes to investing, patience is truly what we need. It doesn't work in gambling. We lose, and then it's gone. At least in investment, we do have a fighting chance.

I did this in the past, back when there was Yobit, where there was trading and also a dice game. Whenever I lose some Litecoin in an investment, I pull it out and gamble it on the same site. That's a very big mistake that I have made.

That is true but also people can just be greedy. They may have started with a small amount of money that they were able to make it grow but then it dumps and now they feel really desperate to gain it all back. It is just not debt that can make people desperate. It is just money in general. Anyone who gets a taste of winning would always want it a lot more the next time an opportunity arises and might act irrationally about it. There is no logic in how people act when it comes to money and gambling. Sometimes someone who has been composed all their life may lose all logic once they get into gambling and start winning then losing.

Well, you have spoken really well, it is often said that we learn by experience, but like I will always say, much better way to learn is to learn from other people's experiences, I am glad you are sharing your experience for other people to learn from, most especially the newbies coming into gambling newly..

I've always said this and will continue to say that trading or investing can never be equated to gambling, there is a type of trading that gives same feel as gambling but still, there is still a better chance of profit in trading than In gambling, and amongst all, investing is the best, when the market is down, it pays either to be patient or simply use the opportunity to invest buy more assets at a lower rate, when the market is up again, you will always thank yourself for that decision.

I think that pattern is pretty obvious right now, it's always like that when the market dumps, a lot of people just go to gambling, and they bring up good profit from it than trading. People stop trading in crypto because it's bearish and no volume so gambling gives more profit and excitement than trading in crypto.

I mean, they want that same feeling from trading and gambling is one of the main options to get that feels. And yes, for obvious reasons, some of us are just having fun from our gains in the past months so gambling is one of the go-to platforms to spend those.

I don't understand this, this should be the other way around as people tend to spend 0.001 Bitcoin when the price of Bitcoin is 100.000 dollars for example as that would mean 100 dollars to play compared to spending 0.001 Bitcoin when the price of Bitcoin is 20.000 dollars which translates in 20 dollars and we all know the more money, the more longer our game play and the more chances to win so I find it hard to believe that when the market dumps people start playing more when in fact should be the opposite. That make that saying that goes humans are strange to fit in very well in this context as it is extremely strange to spend 0.001 Bitcoin when equates to 20 dollars compared to when it equates to 100 dollars.

and the big mistake you make is also not distinguishing between assets for long-term investment and assets that are specifically used to play dice.

Supposedly, dice games are just for entertainment and not for the hope of making more profits with the amount of Litecoin you hold,
which will eventually be lost, all because the dice game you are doing loses.

It was a big mistake because there was no good management and you were really careless,
an investment that could have given you a profit in the long run would just run out at the dice table.

Actually I don't think there is a correlation between the decline that has occurred for crypto and the increase in gamblers today because there is no data whatsoever that can illustrate this to be true but as for when asking about why there are so many gamblers who are in online gambling and do it with crypto now it is because today we are in a more sophisticated era when we are If you want to do gambling we only need to have a balance that is ready to bet and of course gadgets and the internet then we can do gambling wherever and whenever as long as we want so that makes an attraction for them gamblers who in the end it is not uncommon for them to switch from casinos and do it on gadgets especially when we are in a lockdown period at that time.

That happens for those who do not have a ban on gambling in their country and for those whose gambling is still illegal, it is clear that the only choice is gambling sites so that in the end when the influence of crypto, especially bitcoin, is getting better and better known, it is certain that gambling will also get an impact even though indirectly.

I don't think it continuously follows that pattern all over, a terrific way of routing for more gains. There has been a close comparison between trading and gambling with high vulnerability for people to lose money. A person who is down in crypto trading and decides to pull out in order to gamble with it is taking great risk to do so, it is not something to celebrate because it takes few minutes to go zero when you start playing. It is not a criterion to remain fortunate after taking risks, doing so might bring disaster earlier than it should have while trading or indulging in crypto.

Not everyone is a Bitcoin lover. And not everyone invests in Bitcoin. When someone goes to gamble, they don't calculate the amount of Bitcoin. At that time, that person gambles against the dollar. It can also happen that when the market goes down, crypto investors have a lot of losses and at that time they panic and use the remaining money to gamble in order to recover their losses. That's why when the market goes down, casino volume can increase. This is a simple calculation. However, there could be other reasons for this, but this is what I initially assume.

That will be a bad decision to make money from gambling because the casino will not let them win easily. They must realize that playing gambling is not a way to make money and only for have fun. Besides that, they must have luck to win which do not know when the luck come. That will add more losses to us especially if we lose control in gambling.

However, that will not stop some people for keep trying because they are tempting by seeing some others can make money from gambling. They think they can also make money but the truth is, that will depend on their luck. We may see some people loss their money from the market and also loss more money from gambling. That will be double losses for them so they should realize that is a wrong way to recover their loss.

If a poor person starts playing in a casino, then this is his last scenario, where he still somehow exists in this life. Why? It's all very simple. He will become even poorer or even end up a beggar, where there will be no hope of getting out of the bottom of the financial hole. Therefore, it is not the best decision to start gambling, casinos with a small amount of money.

I had this personal experience. I also had the hope that I would be able to hit the jackpot and this would solve many of my financial problems. Alas, this did not happen. On the contrary, I got into even more debt and paid the bank loan for many years.

Those who gamble often do not care about the market situation. Just being able to bet is enough to satisfy their desire to play. Unfortunately, this creates more problems than anything else, since people in this case play because they feel the urge to play and not for the pleasure of doing so. And then it becomes an addiction.

There's no such data and if there's one then we do know that it cant be precise because having this data would be needing up to know all the stats whether on online and offline casinos on which we know that it would be that so hard to know up the numbers. We do know that gambling industry is a rising business and when it comes to revenue then it do continue to rise as the years passing by. Why? Gambler numbers are increasing, because if there's no such increase or simply with the demand then we wont be able to see influx numbers of casinos that do exist but since we are seeing some positive then it do shows that there's that demand. The only thing that we've been talking on here is that we are that trying out to correlate this with being the market is going down or being on the low prices now on which i dont see the significance or in connection in between because we do know that when it comes into this manner then they are on different markets or simply with the industry. There's no way that we can be able to determine about these things and its better not to mind off whether this industry becomes big or what as long gamblers will be that wanting or liking to play then demand will be that still there.

They are urged to gamble because they believe that this would solve their problem. Many people try gambling because they hear some of their friends win a lot of money. But not knowing how much they lose before they've got it. That is how some gamblers become stupid. If we see a rise in the number of gamblers, it means that a lot of people have become interested in this. Some may give it a try, while some are completely addicted. Some chase winning, while some chase their losses. It was not good to see, but that is realistically happening now.

I do not think that there is relation to it but if there is then, the closest reason might be people just got tired of waiting for a higher price or the bull run. In result, they are just happily spending the holdings they have or the alts that they have to gambling and at least that gives them the happiness that they want and they will enjoy the money while waiting for the actual bull run to start. But for an actual reason why volumes goes up if the market is down, I cannot see that really unless there is some actual shift to it. Or we all know that many moves their funds to the casino for a very specific reason and not just only about gambling them.

Sadly for them, one of their biggest mistakes they can make in their entire life.
 

That happens every time with any coin, no matter what the price is.
 

To start, even if the market is bearish, you can be in profit, and ofc you don't move your trading funds into a casino to make them more. By doing that, you are not an investor nor a trader, you are a gambler and a fool. Ops question is about the rising activity and not about the volume. I agree though that it can be a reason but not from investors. Mostly from ordinary ppl, newcomers who don't understand the differences between investing and gambling.

I think it is because during a bull market, crypto enthusiasts perceive cryptocurrency as a great value, as very good money (money that is a pity to spend). At such moments, crypto enthusiasts think that a little time will pass, and the cryptocurrency they own will increase in price several times.

During a bear market, their perception of cryptocurrency changes. They no longer perceive cryptocurrency as good money that is a pity to spend.

As a result, cryptocurrency owners are ready to use Bitcoin, Ethereum, Litecoin (and other cryptocurrencies) to replenish their deposits in online casinos.

As a result, the gambling market thrives precisely during bear markets.

I don't judge those who decide to gamble, i am an anarchist and i don't care what others do, but you have to be careful about the negative effects.
Here's some advice, i don't judge. If someone expects to win at gambling then they are really wrong, it's my job to explain it.

I don’t really follow the trends around the topic you mentioned but if what you're saying is true my guess is that some traders might be trying to cope with their losses by turning to gambling and spending more time at the crypto casinos . I doubt they'll find over there what they're looking for because ^{more than often} gambling can have the opposite effect just adding more pressure on them. ^{I would not see the gambling as "a safe haven" at the falling-market-time}.

I think explanation is simple. Gambling is an opportunity to get big money in short period of time. When market is down, traders experience loss and they need to close financial gap, they run to casino to recover financial loss with winning money in gambling. Or maybe they gamble because they want to multiply their money to have more funds to buy when assets are on discount on the market.

Yes, they just want to gamble and have fun and try to make money. If they still do that and not stopping for a while, they will face many problems in their life. They will lost their money, they cannot fill their daily needs, they cannot back to the market and make a profit from trading, and many others.

But those who use trading to make money will in the market and wait for the situation and not use gambling to fill their free time. That is a wise trader will do so they will not get more problem from gambling.

But for those who are gambling using cryptocurrencies, knowing the market movements is crucial. Imagine using a habitual bet of let's say 1 LTC and then suddenly it pumps up? We will not know that we are already betting more than we can afford to lose. I think it's a necessity that we keep ourselves updated about that when we are using that kind of currency.

I remember using Bitcoin before, and as the value of it keeps going up, the amount of Bitcoin that I use to bet is going lower because its value is higher. Thankfully, the online casino and sports bookie that I use is also adjusting it fast enough that they will let those small amounts of bets.

What I understand in regards to this is that the market ups and down doesn't seem to affect the gambling process because at every slightest chances people tend to gamble and whichever way seems favourable to them so they can gamble when the market is either down or goes up. Meanwhile for those that make use of crypto casinos they tend to gamble when the market is down cause they choose not to be in loss.

Where is the data that shows that people are leaving trading for gambling? Or you just made this up? Because gambling is more risky than trading, any trader that leave trading for any reason and go into gambling will lose everything.

It is not a must to trade or even gamble, some people believe that investing into Bitcoin and holding is less risky compare to trying to trade or gamble, if you must survive with daily income it's better you go out and look for a paying job.

Both trading and gambling is what you must do with small percentage of your income, they are not reliable ways of making money, to avoid ruining your life it's better you build your normal life and never let gambling comes between.

That’s not really what OP is trying to say. What they mean is when the market is down, interest in trading or investing drops. So people shift to gambling instead. And that leads to higher volume in casinos, which is actually good for the gambling industry.

It all changed, OP. No wonder we're seeing this increase in numbers because people are trying different things. They gamble for some reason, and whatever it is, it doesn't matter.

What we are going to admit is that casinos are growing fast, making people tempted to gamble while they are free. I'd never see any problem with this as long as we are gambling responsibly. Those who criticize gamblers have never understood their situation. Let us accept the fact that gambling is in high demand. We might see this huge number by now, but we can't be sure if these people will still be gambling in the next few months.

Yes, many are just looking for fun and not easy money. Even those who are just looking for fun should not overdo it and risk too much by playing too much money, otherwise we are back to square one.
I don't remember in which thread i recommended using the budget trick: give yourself a monthly budget and use only that.

I think the same, to do trading every activity "should be" planned and previously managed through plans, which should not have room for luck but everything happens with sufficient analysis for it to happen, on the other hand the casino, the games do not, everything is by luck, except for the derogative bets that in themselves should be done through a good analysis, at least it should be like that and not by luck, there should not be something felt, what happens is that the bearish market opens a door for some to say that take advantage of the casinos or raise or make more crypto in bets.

I think trading requires planning and management, and also a good dose of composure.
In some ways it can remind you of gambling, generic sports betting, but in some ways if you know the news before others, it can be a profitable job with very little risk. Of course you need to have a huge network

Despite the very large influence of luck on our bets in gambling, we should try to make them smoother, so that there are no sharp hills from the rise to the fall, at least I strive for this. And I want my bets not to depend on what is happening in the cryptocurrency markets, because it is better not to connect these things with each other. Still, I consider the markets as something where I can create a safety cushion for myself just in case and count on increasing the account in the end, and I consider gambling only as a place where I can slowly relax, controlling the risks and not increasing the number of bets when others would do it, especially during a bear market, when you need to be more prudent.

I used to think that my bets didn't directly depend on the crypto market, but it's impossible, Everything is connected in some way There's always something that has an impact , When the big whale players see that the market has significant movements, it does affect something, and that's what many should see, Even if they say it doesn't, it does affect the volume of operations within the casino Changes should be seen.

When the market goes down, those who are hardcore trading will stick to trading only, mostly buying. But some of the less rooted ones might move to gambling because they are in it for the money - an attitude that leads to losses.

They will often find games that they dont even know about and just bet on the possible winning side and try their luck. This happens because it is their greed and addiction to gambling that is fueling the process and not logic.

Knowing the news, is something that is not going to happen to everyone - I still doubt if anyone other that those very close to the team actually have any news.

Yes, it's all due to the fact that you are addicted to the hormone released when you win. The absurd thing is that this addiction is invisible, it doesn't directly create obvious damage to your body, but it still destroys everything around you. Inexorably.
So, just play for fun, using a fixed budget based on how much you earn if you really want to play.