Bitcoin Forum

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

If the holdings isn't that much, surely it's a big impact and you don't want to gamble with your bitcoins.

But as a gambler, you'll still find a way to continue what you've been doing and instead of using bitcoin you'll use the other altcoins that you have. Despite their value is dropping too.

You won't mind spending them as you have the priority to hold bitcoin than the alts. It is something like that for which you have bias towards bitcoin because it's no brainer that it's best to hold and have more when we're in a bear market.

 Not really.
If you are gambling, you would still Gamble for that minimum amount in dollars wedged against the bitcoins but at the same time you can have a lot of problems If you had some amount of Bitcoins on a gambling site so you won't be able to generally sell it fast ⏩ during the dumping as well. That's why most people who gamble daily on Bitcoin sites encash it timely thus making the whole thing easy and efficient as well. Never store your Bitcoins on any Gambling sites this can actually cause problems, always have them stored in a wallet.

gamblers who gambled with cryptocurrency don't panic of anything concerning gambling section of games. And why they don't bother much it's because it's not a game that concerned long investment.assuming it's investment that takes time and the falling affect usually it will be a different things.

well this question is very serious and even my head has been going crazy because of it, for example in my case, there are times when I make bets and I get 50$, when the price of LTC (I hate altcoins but at stake I prefer to make bets with LTC because the minimum withdrawal amount and the withdrawal fee amount are very small values so it pays a lot to use LTC to place bets ) but back to what I was saying, when you have 15$ in the account and the price of LTC is at 50 $ for example and drops to 44$ so my 50$ in LTC becomes just 44$ in LTC i.e. I get losses of 6$ even though I haven't made any bets. every time the market starts to fall? and a nightmare for anyone who funds in altcoins or even bitcoin in casinos

The current decline may only affect traders and investors, while for those who gamble, it doesn't seem too bothersome, because no matter how much the decline occurs, the bets they make will still have the same exchange rate as the fiat currency, unless they do withdraw bitcoins and sell them on the market, but I think gamblers just used bitcoins for deposits will mostly choose convert to fiat currency after the deposit is made and I see in some friends who are actively gambling, most of them only make withdrawals in in usdt or fiat money to their personal account or wallet instead.

if it has serious impact on you, just view your coins as is, meaning don't view it in USD for the moment. because you can really see the impact of the market price if you will view your funds in USD. so bet what you normally bet. i guess, in time, the market will recover. with BTC going down below 25k, i was looking for the major reasons why? so i just read about binance halting btc withdrawals, but it's all good now and SEC investigating BNB. but haven't found really big news that will make BTC market to plummet this level. so am thinking, that very soon, it will go back to 30k and above.
gamblers will always play no matter what. so i don't see big change in gambling. maybe, players will use more btc because it is cheaper??? :P

As a gambler, i prefer not to use bitcoin if its value is dumping. The rewards are still not exciting so i won't take the risk instead. Although some would not mind the current exchange rate because some casinos have certainly fixed rewards, but still i prefer not to gamble using bitcoin. It would be a waste of bitcoin if i end up losing them, it will be better to just store them in my wallet and watch them grow their value when the market recovers. Though i still gamble, but i use fiat instead.

I don’t think it’ll affect so much
Invert the question: does bitcoin pump affects the gamblers somehow?

Since it’s so easy to exchange btc to usd I think only a minor part of gamblers will care so much about the price

There will definitely be an impact! But it's interesting to see if it's positive or negative! Addicted or professional gamblers will try to put more units of bitcoin in the table because of the low price. Hobbyists may stop gambling because their networth will go down etc.

It's hard to say what exactly would happen! But such a drastic price decrease will definitely have an impact on everything related to cryptocurrency.

Honestly, I agree.

Whether you gamble with 0.001BTC in a bull run, it will remain the same 0.001BTC in a bear market. Not unless you're that person that always calculates how much you've spent in dollars while gambling with those bitcoins.

I think that's the only thing that matters for this impact like spending 0.001BTC when the price was $69,000 and compare it to the price now.

It's hard to say something like this because some gamblers certainly don't really affect it because they just play with more in it, I don't know which reason is strong but I myself don't influence it but the soul of investors and trades is certainly very panicked seeing a situation like this.

The big whales in gambling, of course, they will panic because their assets are down, but that can be hit again by betting again and adding more, so that the influence or not must be experienced by each.

For me personally it definitely matters, because what I see is value focused on USD, not paying much attention to the amount of Bitcoins stored in the casino. The reason is that when it goes down, its value decreases, and our stakes will increase in Bitcoin. For now, I stopped betting with BItcoin and focused more on trying to buy some entries. An alternative to the steady gains of USDT betting is used today.

The dump has had an impact on everyone involved and having crypto. The traders, investors and gamblers are not left out as well. The impact is that during this timeframe, gamblers who use crypto in gambling may reduce the amount they use in gambling or stop gambling with crypto and revert back to the traditional fiat method or even start visiting offline casinos.

The average gambler believes that with every bet, he is likely to win, so the possibility of a core gambler stopping completely even during this dump season is out of the question.

It affects gamblers alot because hodlings in cryptocurrency also gets short or reduced from the bear. It mostly will discourage those newbie gamblers that want to try gambling in crypto, they may stay with fiat. For the addicts it will reduce how many times they can gamble because when they have low refill, they have no option than to reduce or source for more coins. Bear market effect like we have it today do have effect on every aspect of crypto business. The casinos also will record low volume of gamble.


When they don't get winnings and the crypto bear is telling on the refill then the motive will definitely change to reconsideration and reduced outcome of gambling time.

I think the dump affects everyone, be you a gambler or investor or trader, it sure affects everyone, but the question now is, who still gambles with bitcoin? I guess none, sincere, I would rather gamble with altcoins than gamble with bitcoin.
Bitcoin is a store of value which should be held for future profit, like many would say, bitcoin is the digital gold, who gambles with gold?

There are several altcoin out there to gamble with really, though whatever affects bitcoin affects even altcoins, but I would rather risk loosing the altcoins than lose my precious bitcoins.

The OP is making reference to gamblers who deposit cryptos into their account thus the impact of the dump in the price will definitely affect the value of their funds, personally I trade forex using bitcoin as deposit however with constant dump in the price of bitcoin alternatively my broker has an option of a stable coin USDT which I switched over to, I think many of those gambling sites will also have a stable coin as an alternative means of deposit to cushion the effect of dump in the price of bitcoin, else their funds will continue to drop as the price of bitcoin falls.

Gamblers wont really be affected on this one considering that majority of them would just simply pegged out  their capital in USD value which means that if they do
decide to have $1000 worth of capital to gamble then it would just automatically be converted on how much bitcoin they would need to deposit.
Gambling on money which you are minding about investment? then you shouldnt have done gambling in the first place.
Dump would be nothing because they would simply just made out some deposits according to their preference.

I think from this question you will get different answers. not only traders but gamblers also have excessive panic, especially if the gambler makes a deposit with fiat benchmarks, then with a bear market condition, the gambler feels that he has lost the value of the btc he bought.

I personally don't feel panicked because I realize that at any time 1 btc = 1 btc only the value fluctuates according to the demand in the market.

Gamblers are the same as traders or investors, we also worry if the price dump, but we have another way which is to bet. Affected impact yes if the gambler make a sell his bitcoin when it crashes, but I really believe usually gamblers are more dare to bet than to sell. But also there are many gamblers who just want to have fun regardless of the price, so it all depends on the gambler intentions as well.

In fact, if I look at the profit side when we get multiples, we clearly get more. For example, if you bet $10 in Bitcoin and get a multiple of 100x, the number of bitcoins increases. Needless to say, traders or investors cannot return profits in short trades for now.

The only impact is that if you are trying to bet a particular amount of fiat value (or win a certain amount pegged to fiat) then yeah it will effect ypu because your static amount of bitcoin you can bet gets reduced down as the price drops and you have to bet more to retain the same level of fiat valued bets.  And while it's dropping people care less about losing.  When it's pumping and you lose its twice as bad so you might be more reluctant to bet.

No, the amount of bitcoin would need will be more since  the value is less which is totally opposite when usd value is high then you do really get lesser coins.This is also a good idea on accumulating coins on fast pace
manner but its not recommended for it to be done via gambling.

Gamblers would deposit according into the monetary value and not into the coin value or amount.So i dont see any impacts and they would really be playing as usual
just like there's nothing happen.

On investors perspective then it would really be an other way around or impression yet they would be thinking that they are losing that much.

I believe that the price of bitcoin affects all holders of this cryptocurrency: the lower its price, the less your assets become, regardless of whether you use it for playing in a casino or a sportsbook, or for anything else - it's just that the value of your assets also decreases in any case, if you decide to exchange it for real money in the end.

I do believe that the gambling community, or rather the more emotionally fragile and easily manipulated members of the gambling community are in danger of selling on emotion than regular traders, on principle.

When you are already shaken up from losing in gambling you might find yourself in a disordered state of emotion where a trigger such as a Bitcoin dump, for example, can cause you to be more likely to sell than compared to a counterpart trader who does not gamble and is not in a state of high emotions.

So yeah, definitely... 8)

If you get Bitcoin at a higher price then you should be more affected by this but if you are just buying Bitcoin right now, and use it to gamble then I don’t see any huge impact on that for now. Seriously, some Bitcoin user pauses on their spending simply because of low value with Bitcoin and it looks like this crash will continue even go lower by $20k. If you are a gambler, better to look for alternatives since most of the gambling site rate are based on USD, so technically you are spending more Bitcoin than usual right now.

It did on me for sure. I remember when it was 60k+ prices, I gambled a lot more because I had a lot of profits, when your 100 bucks turns into 18k, you are willing to spend 1k of that gambling without worrying about the repurcussions. However when you have 2k back, then you start to think what you can do with it. And that is why I gamble much less right now, not zero but definitely a lot less than what I used to. This is why I believe that the dump had a huge impact on the hours of gambling impacted and the amount for sure. Instead of 700 bucks spent on 5 hours a day for a week, its more like 50 bucks spent on a whole month.

bitcoin don't have any impact in betting with it I believe that the amount Fiat currency we give you for any betting platform they need the same amount that bitcoin will give you so therefore I have not seen any change between both of them so it's better for you to use the one you have the one you know very well to bet than any other one like bitcoin you don't know the value

Many people will regularly be shocked and anxiously await the price change when the price of bitcoin goes up and down. If you are going to gamble with bitcoins and you have a balance, you can have a balance in a recognized currency or in the Bitcoin itself. If you have the value in Fiat, then I wouldn't worry about that because it has no influence on the price rise or fall of the bitcoin. If your balance is in Btc or Mbtc, it can have major consequences. Negative, but also positive of course.

That's one of the downsides of betting in a Cryptocurrency based casino but if you will look on the positive side there's also an advantage and that is when you win when the market is just pumping up, it's like hitting a bird with one stone you win then when you withdraw the value has increased by a small percentage, but these things do not matter if you are playing to have fun, it only matters if you are playing to win and the market is dipping.

You would be mindful on the time you had withdrawn and once those funds hits or credits into your own wallet and then the price had decline this is the only time you would really be worrying because you are losing
whether on big or small percentage basing on the market condition but its true that majority wont really be minding or bothering theirselves whenever they do gamble because before they had deposit
then they already prepared for the worst which we know that luck isnt something that you could really get or influenced. Play on the amount which you can afford to lose
and dont mind about investment aspects.

In my opinion, it will give certain influence to the gamblers or the gambling platforms if they have not sold the BTC that they got when the price is still in high rate, because the price of BTC is very decreasing right now. But on the other hand, many gamblers also not focus on cashing out their BTC. Sometimes, they are only willing to collect more BTC and use them for gambling again. Additionally, if they are long tem holders, this will not give big impact to them.

I would imagine that the Bitcoin dump doesn't have many positive effects on anyone, outside of those who are short.  Perhaps there are some people who feel like they can gamble their way out of their investment losses, or people who are so fed up with losing their investment that they just risk it all as holding has become exhausting for them mentally.  Besides added risk taking with gambling, I could see people doing the same with investing by using leverage.  I'm sure you may end up hearing some stories about people betting their last coins and winning big, but there will be a lot of stressed out people who make bad decisions based on their temporary emotions and live to regret it.  As always, be careful.

I also agree it really depends on the mindset of players, if he is playing to have fun it really doesn't matter the moment he bets he doesn't care about the price and I don't think he will withdraw if he just doubles the amount of his bankroll, the winnings will just stay, for another session, but if you're after making a profit, and you think of a dollar value not the amount of Bitcoin and you cannot wait and will not wait for another pump then you have something to worry about.

In my case, I'm not affected by the sudden dump, I uses mostly bitcoin in my crypto betting so I don't look if the price is this X amount, the same amount I still bet regardless.

So I don't see it affecting us though, it's very different if we are investors and holders. As gamblers is the fun and the risk involved. Maybe for some this is very alarming and perhaps will limit their gambling. But on the contrary, I know one gambler who would increased his bet with the price is declining, his reason? he wanted to recover what we have lost during the dump, hehehe.

I'm not sure about it, but to make up the portfolio more people will get into gambling. Through trading it won't be possible for now, so majority will get into gambling. Here very few succeed, whereas the rest begins to loss and starts to follow back to recover the losses. Another thing users who spend in terms of USDT will start to spend in terms of bitcoin. Whether the market is in the dump/bump it is always profiting the house. :D :D :D

No. Gambling is gambling and regardless of the trend, gamblers will make sure to continue their gambling habit no matter what.

I don't see how the volatile price of crypto will make them change the way they gambled. I think back then, there's a thread where the concern is the other way around which is, does high price have any impact on gamblers or something like that.

And besides, this isn't the first time they experience such things. The gambling entertainment will continue. There's also a way or a method on most sites to use other coins to save fees and not just by using Bitcoin.

Market dumping then there is a positive and negative impact.
If gamblers tend to hold their Bitcoin if they are using Bitcoin to gamble and lost its value, then it's a loss for me, but if you don't mind about that and just keep winning, you will ignore the value of Bitcoin even if it is dumping as long as you are winning and your Bitcoin balance keeps going up.

One of the nice things is that when you submit bitcoin to an online casino they turn that in to a fiat currency therefore in a market downturn you’re not losing any value on your bitcoin. However of course if bitcoin spikes then the casino is keeping that difference so it works both ways but I’m personally okay with that.

It depends on what you do with your assets. Do you hold them in Bitcoin or do you hold them as fiat then just deposit and spend the entirety of whatever you deposited for that certain session? If it's the former then naturally you're assets would move depending on the market movement, if you did the latter then naturally the market movement will do nothing to your assets. In general, though it doesn't really affect anything related to the activity of gambling whatsoever, it's solely just your assets.

I honestly don't think dumps nor pumps would detriment gamblers from playing tbh. They (or we) are not traders but rather gamblers.

Well for me as a gambler it doesnt not have a huge impact, I still gamble and not minding the price.

The value of crypto might be less but its not a reason for gamblers to stop playing unless if you're an investor/trader and dont want to use your crypto in gambling and prefer to keep holding.

So I think it depends on the gamblers if they're too much concern in the fiat value of crypto. But for gamblers who dont then its gambling as usual.

I think it all depends on the gambler and experience, if playing still often has a chance of winning or winning more than losing, they will definitely continue to do it and use it to increase their holdings.
But if the gambler accepted defeat more often than he won, it would be a disaster unless he was a pope who only relied on luck, and for the casual gambler it would be a consideration. Unless they purposely buy bitcoins in the same situation and aim to gamble, it doesn't matter.

At least in my case it does affect me, this is because even if I gamble with bitcoin I also take into consideration its fiat value, now that we are seeing the price of bitcoin going down in a significant manner I am not going to increase the amount of bitcoin that I am gambling, and when the opposite happens and we have a huge bull market I do indeed reduce the amount of bitcoin I gamble, but I still gamble with the same amount of fiat.

I don't know for others but for me personally this has an effect. I am still placing moderate amount of bets but that's in USD value. I always consider the USD value on my bets even if I'm using cryptocurrencies. With the current dips of Bitcoin, the USD value remains but I am somehow affected by how high these bets are in terms of Bitcoin. Before, I could place bets as little as 0.0005 BTC but now it seems it is not enough anymore.

I don't think so, since gamblers are only playing to hide their identity when it comes to crypto gambling and they are not holders who messed up their investment in this severe bearish market. Most likely after they play, they convert their crypto to fiat and they only get crypto when they needed to play again. I think when the price is back, they are the least of people who don't really care unless they were holding some huge amount of crypto assets in their wallets.

I don't know what happens to those who gamble using bitcoin or altcoins but for me, with the decline in bitcoin prices like now, I don't use bitcoin and prefer to rest first.
Playing gambling using bitcoin today will be more pronounced, especially if we lose hundreds of thousands of satoshi.
Maybe if I want to gamble, I prefer fiat because its value does not change compared to bitcoin or altcoins.
But it's better to rest for a while than to gamble, especially if you are not ready to lose.

I would like to see concrete stats data, which I doubt we can get, but I believe it does affect, as at least part of the gamblers exchange fiat for bitcoin and other cryptos in order to gamble and the one who exchanged this week now has 25% in fiat equivalent.

In the same way I think that in bull market the opposite happens, people bet more happily because when changing fiat to crypto, after a short time they have already won by the change. They have the feeling of having more money when betting.

An example can be seen here:


There will be people who don't act this way, but it's clear that at least for some of the gamblers it has an impact.

Yes, there must be many people who act this way. Many gamblers probably don't mind how much in Bitcoin they are betting or even how much in USD they are betting. But to somebody who puts limits to his bets, the amount matters. The USD amount may be constant but oh boy it feels bad having to make a 0.002-bet when you used to just make a 0.0008-bet with the same USD value just months ago. And knowing how Bitcoin will rise exponentially sooner or later, it really is painful when the bet loses.

Before you want to gamble, you're only use an amount that you can afford to lose and your sole purpose to gamble should for fun, don't only to chase winning. If you gamble with this rules, you wouldn't panic and there's no impact if Bitcoin will dump or crash since you don't need to care with it. The problem is many people were gamble because of easy profit that you can double or nothing from your bet, but that's mindset shouldn't be used.

It has I think,as if you win you get a higher amount of Bitcoin as payout also gamblers are not prone to spend their Bitcoins when price dip as that means they have to deposit more Bitcoins for the same amount of dollars they want to play at the casino.When the price of Bitcoin was like 60.000 dollars they the gamblers would play more money with less amounts of Bitcoins,this is the only analogy between the Bitcoin price and gamblers as far as I know.

Of course this is only true for those gamblers who are also believers in Bitcoin and they prefer to hodl the majority of the Bitcoin they own,the majority of gamblers do not care much about the price of Bitcoin as long as they have amounts of Bitcoin available to play.

This is a good question.
at first glance it does not change the bettor's approach.
but ultimately it can lead to betting taking into account a higher risk.
Both to recover from the decline in value and therefore maximize a profit, and because the currency is devalued (versus FIAT cash) so that same value is less.

I gamble based on the Bitcoin value i.e. 0.005 BTC and so on, I'm not look it from USD value because it will make me hard when I want to gamble. Let's say you're want to bet on sports, you have transferred some Bitcoin which worth $20 at the moment, and you want to split it for 4 match, so each bet is $5. After the sudden dump your Bitcoin price now worth $10, since you wanted each of your bet is $5, you will need to calculate again before start to place your bet.

Bitcoin dump actually affects gambler but it is just for those who care, most gamblers do not care about the dump no matter how hard it happens. They literally get addicted to gambling and just don't care if bitcoin dumps harder, what some of them say is " aftall it's my money I am using doing care if it dumps what I care about is my profit and lost" lol that's quiet funny, but the real one's know it's value and worth.

Good impact ofcourse, some casinos convert units of bitcoin balance deposited into fiat. If the user makes a deposit before the price drops and leaves it, the bitcoins will accumulate indirectly. It is important to choose the type and company of the casino. If you are betting to accumulate the amount of bitcoins, value should no longer be a concern. Just choose a casino that sets your bet in bitcoin and vice versa.

The fall in the price of BTC is a natural phenomenon that repeats from time to time. If a gambler holds BTC for a long time and gambles with these coins, then of course he loses more than someone who buys BTC right before the game. In such times it is profitable to buy BTC and be ready to hold on to coins for several years.

Personally I don't use BTC for casino deposits, preferring other cryptocurrencies with lower transaction costs.

i don't think it really matters because in Gambling 1 bitcoin = 1 bitcoin , not unless you are playing in Fiat , though there is a dollar value yet once you bet or deposit via bitcoin the value will remain as is.
It is correct , Because imagine if your winning in bitcoin now are in decreasing and all of a sudden bitcoin price climbed up? then all of your funds will profit also before withdrawals.

As time is spent at the gambling table, they will try to increase their bet amount by betting more than before. And if they lose that day, some of them return to deposit some money to continue betting. This means that those who deposit more money are less affected by the ups and downs of the bitcoin price. But gamblers who don't gamble too often will not force themselves to continue gambling. Maybe some people's mindset will not be the same as others and some continue to bet but use altcoins to bet and not use bitcoin.

Right,1 bitcoin = 1 bitcoin.So it doesn't matter in the casino if the price is declining or not.Now it depends on the gambler itself,do you use your earning in gambling for fiat immediately or just save it in the account for later?
For the impact,maybe for the gambler who want to deposit now can get more bitcoin by exchanging fiat when the bitcoin price declining.

Personally, I view the crash as more value for my money. My $100 before is more bitcoins now, and it helps me enjoy more on the casino that I play in to. On the other hand, it could also be a huge blow to those gamblers who already won that are just waiting for the right time to cash out. All in all, just like the normal investor, gamblers are affected in different ways, too.

I think this depends on the casinos. We have some that make balance available to users with dynamic while some are static. For example, I once funds my Glamber account and my balance was shown in USD, it was converted back to BTC and LTC the time I was ready to withdraw my balance. However, I have not deposited anything to Blackjack/fun before but with my experience as one time signature participants, we were paid in bitcoin to our respective accounts and our balance was declining as bitcoin price was going down.
So, I think this is dependent on the type of gambling platform you decide to play with, and seeing gambler account fluctuating to volatility of Bitcoin is not a good idea in my opinion.

The fall in cryptocurrencies has a huge impact on all users, whether they are traders, investors or gamblers. Imagine you have a deposit in litecoins, which is about $1k. But when litecoin falls by 30%, your deposit turns into $700, and you haven't bet or played casino yet. I guess when the market drops, it's better to use stablecoins.

Can only affect traders and investors. Gamblers never really care if the price of Bitcoin is hard dumped.Their goal is to gamble and they have no worries about the rise and fall of bitcoin prices. However, investors can be more influential in this regard and they are always worried.I think investors will have to suffer a lot for this, which will have a lot of negative effects on investors.  Gamblers will always only withdraw their capital at USD, so they will not be affected.I personally don't panic about Bitcoin.  Because I know Bitcoin will always give some good surprises.

Any gambler who bought BTC or any other volatile cryptocurrency during the last six months has lost some of his money because of the falling rate. Even if you have a deposit in such cryptocurrencies you already lost a part of their value. That's why the best solution for gambling is Stablecoins. They are not as volatile but have all the advantages of cryptocurrencies - speed of transactions and low fees. 

I think some casinos use the conversion from bitcoin to USDT to place bets, making it easier for us to gamble. But sometimes I feel bad if I bet using BTC because if I look at the number of satoshis used to bet, it can be big and make me lose all those satoshis quickly. But if I use the conversion from bitcoin to USDT, for some satoshis, I can have more than $10-$25 so I can bet $0.2 for a single bet, which can cost me $5-$7.5 in a day. I'm also not a gambler who likes to bet a lot of money.

From my point of view, bitcoin pump and dump, or any worlds financial system changes does not have a great impact on gamblers. They dont gamble to win certain amount of money, they do it for the process. This is an addiction. Similar to smoking. If cigarettes prices goes up, those who smoke wont quit smoking. They will smoke cheaper cigarettes or search for an alternative brand and etc. If a gamblers spends several hours a day playing, he will continue doing it no matter what happens around him.

In my opinion, a decrease in the price of bitcoin will lead to more active use of it to replenish deposits in online casinos. 

This is due to the fact that players will perceive it not as an investment tool, but as a means of payment (a tool for everyday transactions). 

By the way, now Snowden also advises to forget for a while that bitcoin is digital gold and the best investment tool in the world, and focus on its function as a means of payment. 

When the price of Bitcoin is constantly growing, it is a pity to lose it in a casino. 

If the price of Bitcoin falls, then the first cryptocurrency begins to be treated more lightly.

Yes, it does have a big disadvantage and advantage at different situations of the market. I had a few coins on a popular casino a while ago when the price was above $30 000 per coin and it dropped to $22 000 today.... so I basically lost $8000 per coin, without betting a single satoshi.  ::)

The opposite is also true.... I had a few coins on another site when the price was $34 000 per coin in Jan 2021 and then the price went up to $58 000 in March 2021..... so I basically had +/- $24 000 per coin more to gamble with. (I actually forgot about the site and re-visited it, when the price skyrocketed)

Most people do not have coins in these casinos for long enough to feel the real impact of the price fluctuations. You see the balance going up and down, but with small balances... it is less noticeable.  ::)

I prefer to keep my coins in Stablecoins for gambling, if the casino accept it... because the price fluctuation is a lot less.  ;)

Many gamblers use bitcoin because their countries banned gambling and their are also countries that limit the amount gambled. Rich people travel overseas and there are some that use crypto currencies specifically bitcoin. Speaking about the present dump on bitcoin prices obviously affect these gamblers. Take for instance a gambler's 1 million dollars is now worth only $700,000. No one will be happy on this devaluation of assets. Except for gamblers that also believe in bitcoin and its long term potential. 

Until 1 BTC = 1 BTC your funds are safe, so dont worry much about it, as this coin has other side :D What I am saying, since people gamble with crypto, they dont feel any significant difference from price changes. They still bet same amount they wish. Price dump only matters who has turned gambling into earning or only source of income. Until we see in shops prices in crypto, they are loosing with every dump :D

I also cant say that when Bitcoin cost 68k, people gambled less or more, compared to when its price is 22k. Gamblers either have a "stop button" or lose everything :D

On paper value we can say yes because if they keep holding their btc on gambling site accounts for sure they feel the heavy strike of bear market season and if the person who hold a huge volume of bitcoins easily to get panic then most provably they lose a lot on it. But if we just relax and let those balances sit on our wallet accounts for a while then this is not totally give huge effect to the gambler.

The number of gamblers is increasing all over the world and ‍most of them support crypto gambling. We know that with crypto you can easily make deposits and withdrawals which is not so easy with any other platform. As a result, the use of crypto is increasing day by day. However, there is a question that if the price goes down suddenly, then what is the problem for the gamblers? I think there are a lot of gamblers who hold bitcoin and other altcoins, the price of bitcoin has a big impact on them. But those who do not hold they do not have any problem by depositing crypto from Fiat.

I think the recent price drop of Bitcoins has only smaller impacts for gamblers. I don't expect any of the veteran gamblers to fall for the recent drop and to quickly sell his coins. Why would anybody sell his coins at such low levels? It means to give up all the profit we made in gambling when converting now back to fiat money. To be honest at low crypto levels we should be gambling more. The money we can make in gambling will offset any losses from trading. The only problem is if we use bitcoins to play poker on tables which are fixed in USD, that got 25% more expensive in the last 5 days. Best to stick to crypto casinos and avoid fiat money for now.

Measuring each crypto to fiat bet is going to leave you "crazy"  ;) and it is a very bad bankroll management, that is we bet on crypto, no!.

 If you do it in a stable coin, this explanation will not help you, so, if anything crypto has, it is that if you do not change it to Fiat, then e.g. 1btc=1btc.

1BTC (let's use round numbers) is now worth $25k, and who cares! so you still have 1 BTC, it is worth mentioning the opposite case you are happy when it is at $50k! if that is your situation with money in a casino, the above, remember the premise do not bet money that you do not allow yourself to lose.

The reason! well, you are using money that can affect you even without even having bet it, that is serious, you feel that you lose money without even making a bet.

As long as you have your money in a casino your goal is to make a profit, on what factor (ROI)? well, that is a very personal matter, but if you deposit 1BTC and then withdraw 1.5BTC you won 50%, it is profits very good...

After that money leaves the casino, taking it to -fiat has a relationship associated with your losses or profits from the trade at that moment, in this precise case 50%, that is, you now have +$12.5K in fiat and 1BTC.

And it is worth saying in the same way that the calculation of the size of the bet is made based on 1BTC, and that is a separate issue because it depends on the game, but making it generic if your strategy is to make 1000 bets to obtain a return on profit,  you betting is 0.001 BTC.

---

^{This Post is not gambling advice, investment, deposit.
Hypothetical case(e.g.):
bitcoin price $50k deposit.
bitcoin price $25k withdrawal.
Tip: please do not deposit money in a casino that you do not allow yourself to lose and also remember the volatility of the crypto market.}

Long-time gamblers already know how to deal with this bearish situation. The price of Bitcoin might affect them especially if they're big-time players but for sure, they already know what to do and handle the volatility of the market. Some gamblers prefer holding during their Bitcoin during the bearish market and just gamble when the market recovers. Their strategies depend on their purpose in having Bitcoin whether to hold it or spend it on gambling.

If mostly the coins being held on his gambling accounts or wallets is not in stablecoins, for sure it will have some significant impact. Most online casino sites these days tend to follow the usd valuation compare to the the actual value of the hold tokens on an individual accounts. I don't care too much in it, it's more like another opportunity in me.

For a gambler, it doesn't matter if the price of bitcoin goes up or down. Because when someone gambles with Bitcoin, they place a certain amount of Satoshi bet. They do not calculate the dollar there.  Their purpose is to increase the amount of satoshi.  If they win, it increases the amount of their bitcoin. So I don't think it's a problem for bitcoin gamblers. btc price goes up or down.

For gamblers with less BTC in their wallet, I'm sure they are affected. They often gamble for money and if the value of BTC decreases this low, they may bet higher. Like you said they need to win as they lose amount due to this dump.

Traders somehow are like gamblers. If they become impatient in spot, the futures market can become an option.

It seems to me that all gamblers (or most) are worried about such a sharp decline in the price of bitcoin because even if they use bitcoin, they keep the amount in dollars in their heads. It is very unpleasant to lose 10-15% of the deposit before you started playing simply because of a change in the rate. And I know that many gamblers use tricky and complex strategies to "reliably" win 10% of their deposit. For them, such losses are sensitive.

Traders, investors, and gamblers are three different groups.  The most impact when Bitcoin dumps go to investors because they are holding BTC in hopes to sell it at a profit.  Traders play with fluctuation of the market, it may affect them during the dump. Still, they will definitely adjust until they grasp the range of volatility and continue their buy and sell activities.  Gamblers might be the least affected by the Bitcoin dump.  They are gambling not because of the BTC price fluctuation but because they are either trying their luck to multiply their funds or spending their fund to entertain and relax.  So gamblers play without concerning whether their BTC holdings will increase in price or vice versa, since they are playing with BTC their concern is more on multiplying their BTC funds.

I think so too, it doesn't matter even though the Bitcoin price plummets.

As far as I know people make bets in Bitcoin, gambling sites offer many options in fiat currency across countries, for example: dollars, and so on, if bettors want to place bets in Bitcoin it can be adjusted to their own fiat currency.

The impact of the decline in Bitcoin for gambling sites, maybe not, but for users there may be, for example: from the betting side, Bitcoin is down for those who want to bet, if they want to deposit they are able and affordable, another example: you have $100 you can get Bitcoin 0.0044 at a price of $22.442, if Bitcoin is at $44,844, you only get 0.002, means: if the price of Bitcoin is high you can place a 10x bet, if Bitcoin goes down you can place a 20x bet, that's just an example.

Bottom line: it only affects the users themselves, for gambling sites I don't think so.
because aitus gambling, not the same as exchange sites, the rise and fall of Bitcoin is not a problem.

Their motive is to play gamble but you still didn't mentioned if this was for fun or for profit. If it's for fun then yes they won't care whatever the price will be but if they are playing for profit then yes price matters because what if they already won huge but suddenly the price plummets more?

Those winning are also going to decrease dramatically but if the price rise, they will also be thankful with it because their winnings can get doubled or even more of it. For those who play for profit, they know that bitcoin is too volatile now and the chance to decline more is still there so they will try to avoid btc but will use stable coins or other altcoins.

I don't think that bitcoin drop would cause some issues to the gamblers, because usually they converts their USDT to BTC only when they bet, or play directly with USDT. Cryptocurrency is a way for play, a method, but its

price doesn't impact directly to the activity. I'm not concerned about, because when I want to play, I use my USDT directly into my casino account.

This is true, based on my personal experience though I'm just a small time gambler, I usually convert my funds to USDT so the current Bitcoin price doesn't affect me. I guess it will only affect holders if they aren't converting their funds to USDT right away. Gamblers usually focus on the profit and not the market situation because there are other alternatives to avoid being affected.

I think most of the gamblers are only using the USDT since the stability of the price will not decrease and which means that if they will bet on a scheduled date it will not decrease the value if they are holding bitcoin or altcoins.

And, it would be much better to bet using a stablecoin than altcoins which can be converted later.

Any gambler who gambles with Bitcoin is always a trader of some sort, as well. Even if he does not trade his Bitcoin and only sees 1 BTC = 1 BTC.

If he needs that money then he will not see 1 Bitcoin as 1 Bitcoin but rather become anxious when the dollar (or any fiat) price of Bitcoin goes down. I would love to say that cases like this are rare and that most gamblers only play with what they can afford to lose but the reality is usually not like that, from my experience.

So the dumping of the dollar price is going to definitely affect the gamblers, at least psychologically.

But thats just my view on it.

not very impactful, I think gamblers can just speculate in gambling bets to double it.  after all, gamblers won't deposit all their assets, no, maybe just a few hundred dollars.  So the question is whether gambling managers are not worried about a significant decline like now, or are they converting it into conventional currency in the market, this piques my curiosity.

Gamblers only care about the outcome of their bets, they treat bitcoin like a bit** and not like gold worth treasuring like some of us. Of course they see the loss happening with the price going down but that does not stop their impulsive decision making which has been going on for years now.

If you ask them personally, they are all in that "yeah, its bad for me/too many losses" thought process but they are still playing with their money instead of saving it.

Truely, a chronic gambler's sense of remorse on spending money is blunted a long time ago. For them it is just like another cent to burn.

Yes, many gamblers probably aren't hodlers, probably there are many stories with them like these "if I didn't spend bitcoin in drugs in 2010 I could be rich now"... like "if I didn't gamble all my bitcoin and held a little I'd be set for life..."

some parallels there

Bitcoin price affect gamblers . A gambler who is a hodler when bitcoin goes down he will be affected because some bitcoins are gone but when bitcoin goes up they make gains.
A gambler who wants to buy bitcoin and if the price goes up, is affect because he will be buying when the price is high, but if the of bitcoin goes down it will be an advantage for the gambler to buy.

Gambling and investment should be separated because in general sense you are spending some coins on doing gambling which simply means that you wouldn't mind off about profiting on this time.if you don't like to mess up your investment then you shouldn't have done
Gambling in the first place.Answering the question about being affected then this is something can be answered by "No" because people
Would normally adjust on the amount of coins that they would be depositing according to
Fiat or usd value and on the time they win then it would vice versa.

Bitcoin dump is not the first time, and based on the research I did, every time the price of Bitcoin goes down it doesn't reduce people's interest
in gambling. This means that the decline in the price of Bitcoin does not have a big impact on gamblers, because I believe the majority of gamblers
do not use the gambling capital of Bitcoin that is used for investment. Usually the gambling capital is from the extra money we have, for example
I always set aside 10% of my salary to play gambling, and when I want to gamble, I will convert it into Bitcoin. So no matter the price of Bitcoin
goes up or down, my gambling capital doesn't change, always 10% of the salary I get. Therefore, in a bear market situation like now, the majority of
gamblers are still actively gambling. Unlike traders and investors who expect profit from Bitcoin price movements, so the impact of Bitcoin's decline
was huge for them. In fact, quite a lot of traders decide to take a trading break first, until the market recovers again. Because it must be admitted
that trading when the bear market is much more risky.

I think gambling platforms don't have a big impact on bitcoin price movements because we can see that the volume of gambling is not too much and it's not always people can get wins in gambling places and very high transaction fees to send to very high gambling wallets prefer not to using bitcoin but using available altcoins like TRX or others.

I also sometimes use Xlm apart from that. I can trim to send and test gambling services to make it more affordable. of the minimum income and withdrawal.
Bitcoin or other crypto if it is associated with the game, of course it will not have much effect because the value of the currency remains the same.
but if after completing activities in the arena, the holder intentionally does not exchange with fiat or stable coins, it is a risk. (perhaps hoping for a return from the crypto exchange rate that is suddenly bullish) although not infrequently it is also slammed bearish.
the medium of exchange (crypto) is free to be exchanged at any time, the platform also does not limit it. Because it is not a staking deficit, we must know the risks
when the holding period is over.
for me the crypto / bitcoin below currently has no effect on the platform.

Well, if that gambler has been holding, he won't buy at the top. And at the times like these, he should be buying those bitcoins and it's up to him if he'll allocate some to gamble.
While the rest will be put and allocated in holding. That's what holders must do and if you've got your own experience in gambling and holding, you'll set aside the specific amounts because you don't want to spend them while the current pricing is cheap.

Well if they don't hold any huge volume of crypto prepared for to their hot wallets for their gambler to easily withdraw when they want to execute it well maybe they can't feel that, but if they have for sure they can feel how big the impact it is imagine the huge volume taken out compare to the value they put before it happen for sure this take a lot of money out from the dump happen. But for sure casinos always knows about the possible risk that's why we see them standing even if the bear market crashes some crypto prices recently.

Gambling platforms too gets affected when we calculate the revenue. Gamblers who spend in terms of bitcoin might move towards spending in terms of USD considering the price drop. This will lower the spending. From withdrawal fees the gambling houses might get an additional revenue. It is the small gamblers who are affected much, because even a loss of $10 will be very big considering the price.

where can we see the volume of gambling sites?
I thought most of this information wasn't public
is there such think like a coinmarketcap for gambling/casinos?
would be interesting to have some sort of central place where we can check all the data

For me it was always more painful when Bitcoin pumped because I could remember all the money that I've wasted and kept thinking about the things I'd be able to buy now that I'd have 5 times more without having to take the risk. It's actually amazing how much every small move that we make can affect our future, like the decision to roll the dice. You think you're winning or losing $1000 but you could in 10 years see that at that time you were winning or losing a million.

BTC is generally used when depositing. Gamblers are not long-term investors in BTC. They only hold for a short time or are used when depositing.
The fall of the BTC price does not affect gamblers much.
But it can affect casinos.
I think like people are gambling more when the market is bearish or in the process of horizontal accumulation.

So it's best never to think like that. I think if you look back, everyone will be able to build a chain of 5-6 decisions that by today would completely change their lives and make them millionaires (or change their lives in some other important capacity).
As for the impact of the bitcoin dump, at least on the forum, I do not see a drop in activity either among the posters or among the advertising campaigns.

Gamblers also spend their winnings on valuable things so the price also affect. Gambling might not seem to be an investment in the eyes of strict people and non-gamblers but in real sense it might be considered as one, although in a reserved context. But be what it may the price dump also affect them both the bettor and the house because as price keeps falling the value of their wins sinks with it.

Gamblers doesn't really mind off about investment and on the money that they are spending on gambling which does mean that they don't really care on what's the market price or movement and whenever they do have that investment then it would be a separate thing and they won't really be including it into those funds that had been used on gambling because it was really intended to be used on that part and not really tending to go overboard but this one is situational because not all people would be having the control into various things.

The impact may be for those who are still holding the Bitcoin or late sell at the higher rate when they won. But as long as that is Bitcoin and they are willing for long-term holding, why not? This will not give big impact.
But, if they are short-term holders or even getting this for cashing out, this will give a certain impact.

Exactly, this will also depend on each personal purpose.
Most gamblers will use their BTC to bet or gamble again and again. Only at a certain condition that they will turn to stable coins or for cashing out to get the profits.

I feel like it may not directly BUT indirectly affect gamblers. Most gamblers probably hold their gains as USDT as the most popular stable coin or Bitcoin or Ethereum. Bitcoin losing value may make them feel bad in general so they may prefer to spend money to return gambling back later on. It totally depends. Bitcoin dump overall every aspect of where crypto is used, so gambling is obviously included.

once a gambler, always a gambler. so no matter what the situation of the market we are in, they will always play. they may reduce their spending habits, but they will still find a way to play. gambling business is one of the earliest applications of crypto. and look at where we are now. casinos/bookies are still sprouting like mushrooms. if they are not generating income, we won't see this business expand to where we are right now.

A gamble that gamble frequently would not be too affected by the price of Bitcoin because of their often gambling activities. In one way or the other they can feel the dip of the market because the worth of their Bitcoin might have depreciated in value which is the reason why many gamblers that are not a frequent gamblers might take a look at other alternatives they can use to get it done. The use of stable coins can also be considered as a good alternative for Bitcoin due to it volatility.

I really cannot deny "once a gambler, always a gambler" saying. Gamblers can transform many different institutions. They are one of the finest examples of "money generation" business. As you also said, true gambler would never stop gambling, but only reduce amount of money they gamble away. I think it was very natural that, first ever crypto businesses (after exchanges) were online casinos.

Most gamblers usually use their own money in fiat to gamble and if they manage to win some amounts, they convert it immediately so they will have funds to gamble again for the next day. These bitcoin dumps won't be a concern for them as the value will still be the same if they always convert it immediately. If you're a gambler and a trader or investor, then you should have separate funds on those activities.

The dump would make a difference in fact I think they would play less,at least this is what I do,I play less in dollars now because for the same amount of dollars I have to spent a bigger amount in Bitcoin.While when the price is huge like near 60K I would play more in dollars as that would translate in less being spent in Bitcoin.I think this is true in every gambler who prefer to gambles with Bitcoin.I also agree with once a gambler always a gambler but the gambler who loves Bitcoin does what I say most likely.

It would automatically converts on the current market price which we know that majority of gamblers doesn't care on what's the value on the time that they do make deposit.
Ex. 100 USD = 0.001 or 0.005 btc value then it won't be an issue.

They do know the advantages that on a declining market they could possibly earn more coins since the value is less but that's if they are minding about investment but if not then it won't an issue imho.

There might be some gamblers who instantly withdraw their funds and convert them to fiat however not all gamblers do the same techniques. There is some gambler who let their funds stay on the platform until they reached some goal or maybe not at all and only withdraw them when they need them. Also, I don't think they really based their gambling funds on fiat but rather on crypto that they prefer such as bitcoin, ethereum, or other cryptocurrencies. So they might really not be affected much whether the price changes or not since they're basing their funds through crypto and not on fiat.

It really depends on the preference of the gambler whether they'll be basing their gambling activity through crypto or fiat.

If the gamblers knows how volatility the price of bitcoin is, then it wont affect them as they should have realized it really well. Means that they are ready for any case that may happen on bitcoin's price. Even if the price dumped crazily, they know what to do with their bitcoin (hold it) till the price back to the price when they started their gambling session. For those who are not ready with crazy movement of the bitcoin price, it is better to use stable coin.

It depends on the gambler, as for me, it has no impact at all as I separate my gambling funds from my investment funds. if you are just using bitcoin as a payment method, the price should not matter as at the end of the day, you will just convert your bitcoin to cash out and enjoy your winning.

Good advice to gamblers who don't know how to work with the volatility of bitcoin,

it's better to use stable coin, it will allow you to continue without being bothered in a rollercoaster changes of value
of your bankroll in terms of fiat.

But if you are a gambler who knows how to deal with this and you are good at balancing your bankroll, you'll treat this
as a normal case around, you'll be patiently wait before cashing out.

interesting
maybe we can explore the opposite question of the OP too
Does bitcoin pump have any impact on gamblers?

maybe there's peopple who are less prone to gambling when price is higher, because it would make more sense to hold it.

Of course it is, the fees will increase higher than now, perhaps around x3-4 more and it's not convenient if you're a small gambler because even you have multiply your beginning bankroll, the withdrawal fees will cost you a lot. In that situation, that's why many people prefer to use altcoins since it's cheap.

I'd say the impact is only for casino which present our money in USD while we're deposit on BTC, ETH etc. This will make us feel the money you have deposited went down and you need to calculate it again if you're using such money management.

Price doesn't really matter for those who got addicted to gambling. And likely, if you will hold, you are not a gambler anymore.

Anyways, I'd see no big difference when gambling during the bear season vs bull season as the results are still the same. Assuming that gamblers will stop gambling during the market correction, then we have to say that gambling sites will stop as well and seasonal. Oh, I didn't see that, a real gamblers don't care about the market situation, they instead do things that make them happy.

It seems to me that real gamblers do not think about such long-term prospects - it's one thing if they see that bitcoin has fallen or grown by 10% in a day, then they can talk about loss or gain. But it's another matter to look to a more distant future - a gambler wants to play here and now, and not wait for theoretical (and not guaranteed) returns from investing.

There is no big problem here, because the main task of the player is to increase their deposit, so to increase the amount of bitcoin they have. This is what the player should really worry about, and the fact that the price will rise after some time is clear to everyone who has been familiar with the cryptocurrency for at least a few years, has seen how cycles change, and the bear market is replaced by a bull market.

The last time bitcoin fees were unacceptably high was 2018 if I'm not mistaken. Since then, only ETH has experienced problems with network bandwidth and transfers in it are inadequately expensive.
As for the recalculation of funds (if we are talking about gambling), this is also not a problem - I think the one who keeps dollar goals in mind plays on USDT, and the one who counts in satoshi also plays them.

On a very little percent yes but the remain percent ,doesn't have any major impact and I think people will gamble even more if Bitcoin drops even further. Why ? Well it's hard for some of us to think that gamblers , most of them when it comes to crypto gambling , they will convert cash to crypto before playing ,so this means they won't get affected much if the price will go up or down. And if it goes down , people are most likely to gamble even more cash to somehow increase their crypto portfolio or chase insane wins that could be even bigger when Bitcoin goes up.  

There are so many types of gamblers out there that Bitcoin price is probably their last problem right now.  8)

For people who have that mindset, it's clear 1 bitcoin = 1 bitcoin regardless of the price. They bet with bitcoin to earn bitcoin, but this principle is only for a small number of gamblers because generally other gamblers bet on bitcoin or altcoin to make money. The first mindset is for the crypto whales in gambling, they may have been doing it for a long time and it is no longer a problem for them.

IMO, I think that a dump does affect the average gambler who has suffered a sudden loss of BTC value. I think that the gambler would have a further disassociation of the value of the BTC vs the chips he or she is playing with.

I think this would mirror the fact that casinos use chips and not actual dollars on the tables in real casinos.

If the price of Bitcoin is falling sharply, as has been the case in recent weeks, there is a group of people who see it as a loss. And what do you want to do if you have made a loss? Win back the loss as soon as possible, of course. And then, as a result, you could gamble to see if you can win it back. So indirectly, the fall in the bitcoin price could have major consequences for gamblers. But also for gambling sites that see the assets dwindle.

The biggest impact of dump bitcoin prices on gamblers is a reduction in the estimated value of the bitcoin they bet and win in swap to fiat. I personally don't really mind it because actually I don't bet with bitcoin but altcoin or maybe stabilcoin. Of course it's different for other people because this really depends on the patterns and habits of gamblers using their crypto currency in gambling. I prefer to think that I won't be betting more during a price dump, so the impact is not for me to feel.

But since usually a dump bitcoin price causes most altcoin prices to also dump, then I think the problem should also be the same for those who use altcoin as a currency for gambling.

There are two thoughts here, They'll be concerned if they have stored their profit in Bitcoin or other cryptocurency. People gamble to make more money and if holding those profit in Bitcoin would potentially give them more profit then they'll be tempted even without knowing anything about Bitcoin. Also would had been easier to move funds around so them holding crypto instead of fiats would had been idea as such they'll be affected by the crash.

On the other hand, majority of the investors in the industry are gamblers as it can be seen with the types of project that gets the attention of speculators. If the investment aspect of the industry isn't giving returns due to the market condition then the interest in gambling could be increase as people tend to either recover some losses or double their capitals.

We all see it as a loss, paper or actual loss.

Well, it's different from gambling. In investor's perspective, you see the value of what you've got lower but it's still in your hands. While as a gambler, whether the price of bitcoin is low or high but you don't have bitcoin anymore on your hands, that's an actual loss.

The big impact is with the casinos but I think they're all budgeting directly from 1 btc = 1 btc although it's a major factor to have its valuation pegged on its current price.

Not all gamblers keep BTC in their wallets, some may purchase or buy Bitcoin when they want to gamble only. For this type of gamblers, the dump of BTC value makes them able to buy more than usual. They even can play gambling games longer time now, so it is an advantage for them. Surely, we cannot compare gamblers and investors/traders, they use BTC for different purposes. Investing and trading must target the profits, while gambling mostly targets entertainment only. And won't spend too much BTC for playing gambling games.

IMO

Generally, there's always emotional damage that some people felt every time the Bitcoin price is declining.

However, in today's crypto-gambling, there are lots of cryptos that can be used now as an alternative instead of using mostly Bitcoin. I think for a gambler, what they care most about and surely a big concern for them is the transaction fees regardless of what's the current bitcoin exchange rate.

Remember, if a gambler always used BTC for betting, it's always 1:1 no matter what's the price trend. Nothing will change with their gambling habit.

I believe bookmakers are much more concerned about this dump than players.
But, players who had some crypto balance must also have been worried, as their fiat balance has decreased and consequently their rewards and redemptions will also be smaller.
For those who only play in crypto, now it will be necessary to spend more Bitcoin, which in the future may appreciate and increase the losses for players if they had saved this values.

I see nothing in effect mate because even the price of Bitcoin are dumping or Pumping yet in those sites that i visit and played? almost same wagering meaning that the gamblers in each gambling sites care nothing about the price instead their concern is how to win and when to stand out.
maybe this has nothing to do with gambling area actually because most of us had a funds stocked in our casino account ready to play any time.

If they used bets using a conversion to USDT, it certainly wouldn't have any effect but if they were using BTC, it might. But some people who use BTC to bet will also not be too affected by the price of BTC going up and down because they just want to bet. When it comes to betting and they are used to using one or several coins, they can choose the one that is most profitable for them. What is important to them is how they can keep gambling.

I think when gambling and using BTC pairs it will make you think more because the very expensive BTC exchange rate will make you depressed when you lose every satoshi, it's better to use altcoins or USDT as you mentioned, currently I have many gambling places which provide a choice of altcoins to be used as digital currencies for gambling, such as XLM, XRP and TRX for example.

In my opinion, if a person has suffered large losses as a result of the collapse of the crypto market and the fall in the price of bitcoin, then this will force him to reconsider his financial strategy. 

Especially if he kept most of his capital in the form of Bitcoins.... 

In such a situation, it is advisable to enter the mode of maximum savings.  It is possible that a person will carefully analyze their spending structure. 

At the same time, spending on vital goods (food, clothing, housing rent and utilities) will be a priority. 

At the same time, spending on entertainment (including gambling) can be cut.

It will hurt those who go in and out of a gambling site but for those who are staying and still have their funds intact it won't affect them much. The amount of Bitcoin never moved, unless you gamble it and the same goes for altcoins offered on a gambling site. Now when you do withdrawals, that's when everything will change and you will feel bad about how less your winnings are exchanged in USD compared to months ago.
If that's my case, I'd rather keep it and use it on gambling until the value goes back up. Just enjoy it for now while patiently waiting. The amount to gamble though should not change just because you think it's lesser in USD. 10k sats bet before should be 10k sats even today.

If you are good at whatever gambling games you are playing, better to keep using your Bitcoin

or if you are using other crypto and you don't have that kind of mentality to keep exchanging your crypto to fiat after playing
you'll not go to worry about the current market movement, but if you are a daily gambler who keeps withdrawing your fund from
time to time using crypto is not a good way to fund your wallet.

It definitely does have an impact on gamblers because there are gamblers who cash out regularly and some crypto casinos convert your deposits and withdrawals into USD. I usually play with pure bitcoin balance but it still sucks to see the price continue to go down when i'm planning to cash some of my balance and spend it at this time. Even though it doesn't hurt to wait it still has some sort of impact overall since not everyone has the same spending habits and timing when it comes to cashing out.

If we look at the $ value yes there's an impact on it but if you still see it as 1:1 in crypto volume and just think that its just a paper loss well this cannot affect the gamblers if they not sell their bitcoins then they just continue to play their games. But not everyone are totally okay with this because as you said not everyone doesn't have capabilities to spend more also not everyone can't able to see how the value of their coins collapsed in value.

Crypto gambling certainly doesn't affect many gamblers. as long as the balance of the crypto assets stored will remain the same in amount, they can still bet regardless of the value of the assets they bet on.
but when they run out of crypto assets and buy crypto to play in casinos, of course, it affects the finances of gamblers. it's the same when you want to make a withdrawal because the asset value is not as big as when you were at the casino.

no casinos using lightning yet?


I disagree that if you hold you're not a gambler anymore
someone could have part of their stash reserved for gambling and a different part of it as an investment on the tech for the future.

Just like the value of fiat affects everine using it, bitcoin dump affects every company or individual using cryptocurrencies. What we should rather consider is the level of the impact on different users of it.
Gamblers are affected but the severity is not much if compared to traders.
Unless the gambler is strictly playing with stable coins, otherwise there will always be variations in the deposit and withdrawal value of the coins.
Many projects including casinos tend to bankrupt of exit during bear market, this is a clear indication that they are all affected when bitcoin dumps.

It depends on the gambling platform if they will use a fixed amount, for example, you made a deposit into cryptocurrency but once you play it will fix into their platform as USD, in that case, it doesn't affect the users but if the gambling platform has a rate of cryptocurrency and the platform does not have any conversation and they might experience at the same time the downtrend and bear market this really affect the value of their assets and they make a conversation of it immediately or makes a withdrawal.

You describe some strange algorithm. Usually the player himself chooses in which currency to play and if it differs from the currency in which he made a deposit, he uses an exchanger inside the casino. Usually there are bad exchange rates, but after you have made an exchange, the amount of your funds remains unchanged, no matter how the exchange rate changes.

Not really that worth on making use of internal exchange features on a casino if ever its available but most of the time you cant really see this feature but instead you do have lots of options
of depositing/withdrawing different coins which most platforms been doing nowadays.If you do consider on making out some conversions then the fees alone arent really that worth if you are
really just been too mindful about the price volatility or movement and also not all gamblers is really that too in concern about the price movements yet they would be always focusing out
on USD value and on the time that they had deposited until the time that they could potentially make out some profits and doesnt matter on what amount they are getting
on crypto base.

For me this is psychological, if a player wants to see his game that affects him for the price of BTC it is up to him, because there are many players who prefer to bet their altcoins (because they have bled a lot) than leave them in Hodl mode and continue losing value, they believe that by betting it they will have fun and there is also the possibility of multiplying their altcoins, so it is the approach by which the player looks at it.

Betting satoshis right now and increasing them is not a bad deal, more so because we all know very well that the price of BTC will increase, we don't know, but I'm sure it will and that its next ATH will be a dream, for me it's still better the BTC and move it in some way than having FIAT money in a bank.

That's the advantage for us as crypto gamblers who have lots of coins to gamble and don't depend on BTC so if we feel not good for using BTC, we can use altcoins. I also often use altcoins like TRX, LTC, and ETH, especially if the price of BTC goes down because that means I have to use more BTC for a minimal deposit at the casino. But I also often stop gambling for a while when the BTC price drops because that's better for me.

If BTC goes down, you can expect that altcoins will also go down, the best alternative if we don't want to get affected by the volatility is just to use a stable coins for gambling, I'm sure we can find a gambling sites that accepts a stable coins as some of them have already added it as payment system.

I think as a gambler personally, I don't care about the dumping price value of Bitcoin, that is if I don't value Bitcoin.
Since I value it, instead of using BTC in the gambling games, I would rather to choose other crypto whatever games that I'm
gonna play with. And your statement you've mentioned was true and correct in regardless about the gambler may not have a
concerned if the value of BitcoinBTC was declining sharply, this is absolutely true.

In some reason many casinos is only accept stable coins that using ETH network, as we know how ridiculous the fee is. Only few casinos accept stable coins that using Tron network or other cheap fees, so it's not comfortable if you're a small gambler.

But I've also said on that post that most of the gamblers will change their cash to bitcoin or altcoins to gamble so that should not affect them if the price will go down or up as statistically , there are the most gamblers on crypto as the ones who hold Bitcoin or having it as an investment , I doubt they gamble from their own portfolio or if they do , they are mega rich most likely.

I do agree with you that the whales are already speculating BTC price as we might drop under 20k again during this summer or even lower and if this happens , whales will gamble even more when they buy back from USDT. I mean , I bet they cannot wait for this scenario to happen but for so many of us BTC dropping again under 20k and even further is not great at all.

No one will be happy seeing bitcoin dump because it will affect the future of the market, but since the market is bearish, we should not panic, we have seen this many times and yet bitcoin still recovers and even reach a new ATH. Most of the gamblers are also investing in bitcoin, however, it's not wise to think of investing when gambling as it will only loss our focus, therefore, we should only see bitcoin as a payment method when gambling, nothing more.

Only if that was the case for most gamblers but then again it's not easy to shrug off the price when casinos are using the price to determine your balance as more and more crypto casinos are starting to integrate this system instead of the pure bitcoin balance that we usually see back then.

I agree when you register on certain crypto casino you'll be asked to pick a currency to use but I guess what he's trying to point out is that sometimes there are games coming from third-party providers that instantly convert your crypto balance to fiat and it somehow affects your wins and losses in terms of crypto since the games are based on fiat.

some gambling will be concerned and some will not be concerned of Bitcoin price dropped, because some of the gambling platforms play gamble with the cryptocurrency and especially casino gambling some of them make deposit with cryptocurrency to their gambling platforms, so the effects of bitcoin rising and falling will not be fully be a bother to gamblers because mostly what they really demands is USD for deposit. So from my understanding it's only cryptocurrency investors that Bitcoin falling will affect mostly and they act as ever something else has run away or dropped in their system

I think it is still impacted when the prices change and they have amount in their wallets. I mean think about it, if you have 1000 dollars to gamble, and it drops to 500 dollars, how could you not feel impacted by something like that? I personally feel like I am impacted for sure. Doesn't mean that I will make grand moves just because of it, but I would definitely feel upset about it.

If you are dealing with stablecoins then I would understand not getting worried, but gambling with a lot less fiat because your crypto went down is a big deal. Same happens when it goes up, when your deposit becomes a huge amount because of the increase, you start to reconsider betting that away.

I am sure any game involved crypto, would directly have an impact on both sides alike trading. Those who have bitcoin bought when btc was above $20k, would obviously have to spend more btc now to gamble compared with current value. Those who win now and hold the bitcoin, will have a huge turn around when the price goes high in future. Gamblers might experience both benefits and losses as well now.

I've read about it mate, so it's just a habit that gamblers might take to minimize losses from using certain currencies during a downturn. I also don't believe bitcoin investors will stake their portfolio on gambling, so I think only gambling whales can really maximize their chances in gambling instead of them being investors.

I'm still having a hard time understanding what they want in gambling because they are actually much more likely to make a passive profit if they invest it as a bankroll. Rather than being a gambler with big funds (whales), I would prefer if they invest for a bankroll or have their own casino.

depending on the gambler considers playing gambling as a steady income or just for entertainment.
if the gambler considers playing gambling just for entertainment to fill his spare time, he doesn't really care about the price bitcoin dump. because they only think of their free time entertained by playing gambling.
but if the gambler considers gambling as a steady income and when the bitcoin price dump they experience emotion, panic and immediately sell the bitcoin.

but im sure every gambler has their own way of avoiding the bitcoin price dump. and storing bitcoin on gambling sites is not a good thing

I doubt about that fact. From what i remember since 2015, pumps/dumps didn't affect casino activity too much. For many people it doesn't matter at all. Maybe now it's even better time for crypto gamblers, because deposit and withdrawal fees are much lower so you can deposit small amounts if you don't play big bets.

This sound unreasonable, how do you think altcoins will be when bitcoin slumps downward? They all depend on bitcoin to survive, they are even worse when it comes to volatility anytime the market shrink, you can't preserve a value with altcoins and looking at Ethereum for deposit isn't palatable due to its nature of the gas fee.
If you are gambling in a casino that pays out winnings in BTC, this is the right moment to get an opportunity for accumulating more bitcoin, by the time we make a new bull run, you will enjoy two double profits.

Maybe it does have an influence, but of course you can never really prove this. It depends a bit on the behavior of a gambler. And whether you actively use the coins in your gambling account or do little with them. Someone who has a lot of coins in his gambling account will be disappointed that the value has gone down, but he will also understand and realize that it is only a matter of time before the crypto starts to rise in value again. If you keep playing with patience you don't have to make ill-considered decisions I think.

I think it doesn't have much effect now. There are more easier way for the translations.
There are technologies and innovations coming up. Which has made the life of the people/gamblor easier.

If you have access to the internal statistics of the casino, then it is easy to prove the presence (or absence) of a connection. The behavior of one player does not mean anything, but if we have statistics about thousands, then this is the exact pattern of behavior. It is enough to look at their behavior on the market dump, on the pump and on the flat - then it will be clear how the market situation affects their behavior.

That kind of stats, the gambling site itself will know about the pattern.
But us, being the players, I don't think we can have clear understanding what's going on.
We can just speculate during this period, but we know that if you are a gambler, you will play no matter what the situation is.
But you may increase or decrease your spending depending on the availability of your funds.
Or if you have other things that you need to take care of. But mostly, gamblers will play in any kind of market.

^ What is the difference between BTC and altcoins to use in gambling, altcoins do the same in BTC price, it will follow the BTC trend, when the price is drop all altcoins will follow the trend so I think if you are not a holder there is no matter for you the market price, but if you are a holder, of course, the price or the market condition has a value for you. As we can see, there are too many gamblers recently that still do gambling even though the market has declined too much the price.

it depends, I used to gamble with bitcoin and ethereum so my balance in a gambling website gets affected directly just like a normal trader, and it's bad when I get some profit gambling and the prices of bitcoin or ethereum go down which makes it like I haven't won anything, but now it doesn't affect me at all since I started using stable coins to gamble (USDT in my case) gambling with non stable coins is gambling twice on the token or coin and on casinos or sports bets.

Of course, bitcoin dumping has an impact on all gamblers and all cryptocurrency fans.When the bitcoin market is dumping we have seen all marketing become dumping. This leads to the destruction of all cryptocurrency Bitcoin Ethereum BNB and other ALT coin.From this dumping, people's minds become gambling with investment in gambling with investment.When dumping, people can't read anything properly.

I don't understand what are you trying to point out. Isn't it more convenient for the gamblers if the price is dumped as they will save some $$$ while taking advantage of a much quantity in return unlike before when their $100 is just around BTC0.0025 or something around that number?

Aside from that, if these gamblers are gambling with crypto mostly, BTC1 is still BTC1 regardless of the exchange rate.

Gamblers are just focused on how to win in gambling regardless of the price trend. The ones who are most affected here are traders as price trend is the key for them to make profits. Different from the earning methods in the usual gambling.

This is not the first time that the community has experienced a bearish trend, the same goes for a bullish trend.

Just look at how crypto-gambling evolves over several years. It was become a trendy thing in the online gambling world due to the fact that it offers several advantages compared to the usual fiat online gambling. If that is what happened for several years, can we still ask if the bitcoin dump has any impact on gamblers? Surely the answer is NO because whatever the trend is, crypto-gambling is growing day by day as we speak. It evolving more and making sounds to the online gambling world.

Gambling will always have the same approach as gamblers. They will just continue to gamble disregarding the crypto price volatility.

What you say makes a lot of sense, because Bitcoin dumps have happened time and time again and the development of crypto gambling is
still progressing. So indeed Bitcoin dumps do not have a big impact on gamblers, because there are many ways so that the decline in Bitcoin prices
does not affect gamblers. The decline that occurred in Bitcoin did not reduce my interest in continuing to gamble, because either Bitcoin pump or
dump, it still doesn't change the budget that I have set aside for gambling. After all for an experienced person like me in the crypto world,
I'm used to the volatile Bitcoin price, so I'm used to gambling when the Bitcoin price dumps. I also believe that gambling activities are still running
normally even though the price of Bitcoin dumps, there are still quite a high number of  visitors to gambling sites in the bear market as it is now.
So Bitcoin dump will not affect gambling activity in my opinion.

Maybe altcoins will also go down, and that is our chance to buy altcoins that can exceed the minimum deposit at the casino. But the minimum deposit amount for altcoins in the casino won't change so that's our advantage. But if you prefer stable coins, you can use them instead of altcoins.

Altcoins are sure to drop downwards following bitcoin and will stay there. To use ethereum, we also need to see how much the gas costs before making a transaction. I don't think this is a good time to use BTC for gambling because there is no guarantee that you can win a lot of money from gambling.

I think there are gambling sites which fees are already fix no matter what is the value of the cryptos but the fees is not the main concern on why they will refrain from gambling because it is still much lesser compare to the overall value of their btc holdings but are there even small gamblers which uses a btc to gamble?

I guess there's none, that is why there are altcoins in a gambling site and these are the ones that they are using. Before you deposit a btc or an eth, it's impossible to not see the value of the amount you are going to transfer so you won't be shocked anymore the moment it arrived in your gambling account, in case they measure things in usd.

Indirectly, we can draw conclusions on other indicators. For example, I remember that in 2018, during the bear market and then for a considerable time after it, the activity of signature campaigns on the forum from game projects was much less than now or during the bull market phase. It turns out that at least a hard depression in the crypto market affects the casino and hence the gamblers.

I dont really see any significant effects on gambling industry on just talking on this crypto space or market if we do base up on how many platforms are launching or emerging despite of the market condition.
If companies do came out on times like this then it do really shows or means that they are still making significant revenue which means that gamblers do really still play even on a bear market season.
Why? People doesnt really care on how much they do spend on point and only to those people who are investor like mind will really be having some hesitance on playing but for those who do seek for leisure
or simply  making profits or wins then they would still continue to play as long they do have the money to spent out then that what surely counts.

Such an unpredictable market it is - not very sure what is going on around the coins.
Reading all the comment give an idea but what if the something other than this happen.
Very confused situation what to do and what not to ..

Yes, most likely gamblers who enjoy using the crypto system will just ignore what is happening and continue playing,

If they win, they will just withdraw funds and deposit back the amount that they wanted to use for their next try. If they lose
then nothing will be change same routine.

It's more about how gamblers take things out and how they will enjoy the services o platforms that base inside crypto
industry.

If you are talking about the current bear market, then yes, we are seeing the emergence of new projects and general activity. But I was talking about the past bear market which was much more depressed - do you remember 2018 when bitcoin layed down with little volatility and -85% off highs for a long time? If we compare, I would even say that the current bear market is more like a correction inside the bull market and currently there are a lot of optimism in market. Now, if the situation starts to worsen, then we will see the same depression as in 2018.

Since I am in crypto I didn't have any breaks with gambling! The market can be bearish or bullish, that doesn't change my gambling habits, but it changes my perspective! When I started with crypto gambling $1 was 7 mBTC (or higher, can't remember exactly), now $1 is around half of 1 mBTC! So if I like to bet with $1 in bearish times I spend more BTC than usual, in bullish times I spend less BTC! It's my perspective... but generally, that doesn't stop me, I still gamble... I have the bankroll in any currency and I wish to gamble it and possibly make more, the current state market has nothing with that.

We can talk about the current market and our expectations... but that is meaningful when it comes to gambling! We can choose any coin for gambling, stable or volatility ones, we play with the bankroll we have and we wish to make more! More dollars or more Bitcoins is up to us, bearish or bullish times don't matter...

Yup.

This is true and for real. No matter what the prices are, gamblers will just keep on going and won't be overthink about the volatility and these are the types that have holdings.

They gamble with the excess that they've got and if they win, they'll just use that winning to gamble for more or if they lose, if they've got more spare, they'll just do it again.

By the way, I didn't think of it that way  :D It turns out that the bull market affects us positively and we spend less bitcoin on gambling than before  ;D When I started playing, I remember that Bitsler gave 750 Satoshi per day for free and it was possible to renew this deposit 15 times. In fact, this meant 11250 satoshi per day for free. Now it would be incredibly generous to see such giveaways.

I don't think Bitcoin price dump can affect a gambler, they don't really care about bitcon price since they can get bitcoin and they can gamble with it they don't have problem with it, some people are kind of addicted to gambling in such a way they don't really feel comfortable if they haven't gamble, so that kind of person those not care about bitcon price, they only thing they care about is how they will use the amount they are having to gamble even if it's small they don't care.

The whale gamblers won't be affected much, but the common gamblers like you and me spending few dollars were affected, because when we spend $20 on a single bet we're risking near to 0.001BTC in today's price. If the price is around $31k then what we're risking is near to 0.00065BTC. There is a difference and this is what we say the common gamblers were affected.

I've been thinking to myself about this question, as I never imagined this situation.
I don't know, maybe yes but maybe not, I believe that each gambler thinks differently about this great devaluation that we are currently having.

I imagine it doesn't affect so much, because there is a great chance that gamblers will still act even with this situation we are currently having.

for some gamblers it may maybe make they more interested on gambling because they could accumulate more bitcoin cheaply
not sure if many think like that

probably depends on how much of a gambler and how much of an investor each person is
it may overlap a bit but it's not the rule

It will depend in the gambler I guess but in majority of them, I think they are pretty affected by the dump especially if they keep their gambling funds on the casino and comeback to it when they want to play. Some gamblers bought btc using fiat and expect to earn more fiat from it, Given that bitcoin dumped they are obviously on loss in terms of value. This could also put some pressure on gamblers to regain the losses on value by just winning and accumulating some btc to have a fiat value profit.

Of course the drop in the price affects everyone who has bitcoin... It doesn't matter if it's a trader, investor or gambler... For example, today bitcoin is down 5%... So you had $100 in the morning and $95 in the evening... So about one bet on a football match disappeared... Let's say you bet another $5 and lost... So your dollar loss has doubled...

If you are really that mindful on usd value on what your portfolio has then it would be totally not really that worth for you to make out some gambling dealing in the first place. Deductions something like 5% wont really
be that much i would say yet considering that having this volatility is really just a normal or an ordinary day here on crypto space which its impossible for someone who cant really just able to accept on whats happening
around the market and on the capital that you do have in your pocket which its value is really moving.If you are dealing with gambling then you wouldnt really be minding most of the time.
So i would say that these dumps wont really be affecting nor have that big impact on gamblers unless if you are really that strict on spending up your funds then you would really be that too much in concern.

I don't think there is an impact for the gamblers while BitcoinBTC is dumping its price in the market. It doesn't matter for them due to most of them they played for fun and some are doing it to find their luck to hit the jackpot  winning with their small capital as a players in the gambling platforms.

Aside from that, it could be that some of the gamblers might get affected by the bitcoin dump but I guess its only few of them, maybe they accumulate their bitcoinBTC winning price something like that.

I think bitcoin dump itself has a great impact other than players value, the dump affect even gambling activities but not really the value though in the user side whose value isn't tide to bitcoin on deposit, anyone who is willing to play can buy and sent to exchange but even the house itself do suffer this loss as a result of dump because they do keep their reserves in bitcoin.
Bitcoin dump do affect gambling activities because as the price continues to crash further, so do the trend and talk becomes less and less but looking at it vividly, the best time to gamble is now, you will earn more btc pending till another bull run, that will make you a real gambler and investor.

Well guys... what you said is something interesting! I didn't imagine this optic of vision.

Maybe I imagine it could affect indirectly and or directly! Some very intensely and some not so much.

Generally speaking, a bear market can affect everyone, including Bitcoin

I often find it quite interesting how each person sees things by a different point of view
really proves the fact Hayek stated, that "knowledge is distributed in society", so one individual won't know more than the sum of many

Yes, in general, some players lose out, but seeing the conglomerate, some can take advantage of this disorder to move BTC, that is, for casinos that change their fees through price, it will be easier to transact with BTC and those that have altconis It will be a great opportunity to make new bets with altcoins that are worth very little, so it is possible that they put those altcoins at stake, they know that if they multiply them at the time that bitcoin recovers its price, these altcoins will be or they will have a big bullish momentum, some can give predictions up to 3x or more.In this sense, when we see that mushroom is a way to take advantage of it, I don't know if the players see it that way, but I know that many whales do.

At most gambling sites nowadays, there's always an option to bet on USD value worth of  BTC.

When you are betting using a USD value, that $20 bet will be adjusted too.

Not unless you are betting always on a fixed BTC value, which I think is not your usual. Am I right here?

How do you place a bet? I don't see the difference between betting a $20 in $20,000 BTC value and a $30,000 BTC value. You won't feel much as what matters here is to just continue your usual betting. While placing a bet, it does not make sense for me to include that current BTC exchange rate on your mind while you are playing. It's a distraction.

You wouldnt mind because you would  really just simply be adjusting on usd value per bet and if you are aware on whats the current market price of btc then you would simply made out some adjustments which is normal

for people to do so specially gamblers which i would say that they arent really that much affected when it comes to these dumping or declining market on where gamblers wont really be minding about on the investment
part.

Gamblers do spend money for their leisure on some but there are some who do aim for accumulation of more btc which they do know its still low as of this moment
and acquiring as much as they could is ideal but we know the fact or reality on dealing with gambling which is always losses.

That is the fact we must accept here in the world of crypto or Bitcoin Sir. because it is volatile, or ever before the price and the bad anything can rise and can also fall, then there seems to be no difference in the said that for example you have 50 $ and fall the LTC will lose 6 $ that depends on the percentage of the reduction and you are somewhat affected then you say, what if the price of LTC suddenly rises that even if you don't gamble your capital still grows, aren't you also happy when that happens?

Gambling usually does not have a significant effect on the reduction of BTC price. If the Gamblers have not stabilized their BTC then they will be fallen in problem due to losing assets but I think they have the opportunity to earn more at that moment. They can earn fixed satoshi which can be a large amount of asset if they hold that for long time especially when btc price will be increased.

Forget about the volatility of the price, we are gambling, not trading.

We can only earn more if we win our bets, but if not, then we will lose money.
Being a gambler and a trader is an opposite thing, you cannot do both effectively because you need your focus in order to be successful, and you cannot focus on both.

you are right
but the biggest difference may be if someone accumulates bitcoin and thinks as an investor
and what is their entry price too, even if they're not investors

what do you think? most of the gamblers probably don't care about investing?

I believe it's a NO.

Because if a gambler bought bitcoin at any amount, it's still the same. For example, a gambler has 1 bitcoin in his account, and Bitcoin is his cryptocurrency use in gambling, the winnings he is going to receive is also in Bitcoin, to technically it does not affect him, unless he is going to withdraw the Bitcoin in his wallet that he bought @$20,000 for example and the planning to convert it in USDT but the price has dropped to $17,000, then that's a different story.

Basically, if the gambler has won and then the profits are still kept, then of course the decline in the price of bitcoin has a very bad impact. But if gamblers are just starting out at prices that are indeed on a downturn, I think they'll still be fine if they just gamble not for a quick profit. Unless the gambler is targeting to get a quick profit when the bitcoin price is down, then of course this is not the right thing to do.

Only the gambler who are affected are the one who hold those bitcoins because of the market volatility of course a short dump will less the value of they hold unless they make a deposit to a gambling casino which is supported the rate of USD as they deposit their balance, most of the gambling platform today are now supporting different coins but still not converted in what they deposit instead they are still affected with the market volatile of price movement that's the reason why for me it is ideal to use a USD fix once they deposit because we know how much losses they got if they caught with the market crash.

Withdrawing in a rush. It could happen for those who just earned their money thru bonuses. Like one player who did a faucet and somehow got lucky and made it 100x the amount. They will be the one affected by this sudden dump in the Bitcoin price.
But for old users, this is nothing. They can keep their money in a gambling site and just play through avoiding the low exchange rate while they are still enjoying the game. I think the answer depends on the situation especially if someone badly need to withdraw it for emergency purposes.

You are right, it will only affects him if he will going to withdraw it. But as long as it is still in his wallet, there's no problem on it. In terms of the figures, if he has an asset in bitcoin it will be the same but the value will change. Most of the gambler I knew are using doge instead of btc,but it's all depends on the gambler if he really needs to convert it to usdt or fiat.

The lucky gambler hits the big jackpot then he doesn't care about the market price and he immediately makes a hasty withdrawal to buy what they have been craving for a long time but if he is an active community of traders or gamblers then half will still keep BTC for asset reserves.

The majority of old users already know price movements during bear markets, so they still use betting funds to increase the number of crypto assets and are not in a hurry to convert crypto assets to USDT because the current estimate is very low, so some of them are also hunting for profits from the crypto investment side to long-term.

When a gambler can hit a big jackpot, he needs to withdraw that winning money and not use it to play just to try to hit another big jackpot.
This may not have anything to do with market price movements but more to protect yourself from overusing your funds after getting a win.
A drop in the market price will make us use more satoshi, whether in bitcoin, ethereum, bnb, or other coins.
But, gamblers are not worried about this problem because they only want to gamble without considering the price.

The relation of it will depend on how much he has bought that bitcoin on his account. If it's during the high and he's got stuck there with 1 bitcoin, it matters a lot to that gambler. He can withdraw it and still get 1 bitcoin but the current price of it matters because it's no longer the same as high as it was during his purchase. That's the actual matter of it but if a gambler uses most of the time altcoins, then there's also the same relation on it but there is the feeling on how easier it is to gamble with those.

Not only using or other altcoins, but those gamblers who gamble on a special platform will use the Platform Token as payment. The impact when the market crashes as it is today will certainly affect the value of bitcoin or altcoins used.
even bitcoin or gambling investors are affected.
this is indeed a risk, but when the price starts bullish everything will be fine.

the reason for the volatility of bitcoin that makes me only play gambling on sites that provide their own tokens like betfury...

I prefer to use bitcoin as an investment only!

from the beginning, I noticed that the price movement of the BFG token was very stable (and not so affected by the market) which made me not really think about the volatility of the crypto market.

Maybe those who gambled using Bitcoin he bought it at the high Bitcoin price at that time, and maybe he did it because he saw the Bitcoin price was going down.

And in my opinion there is no need to gamble and bet using your Bitcoin, it is very ineffective to do, it is better if you want to gamble bet with the dollars you have or with other altcoins even though now the market is down as well as the price of the altcoins, this is not too hard to do when compared to risking Bitcoin, don't just because the price of Bitcoin is decreasing don't let you be fooled by this.

In my opinion the dump affects everything. No industry is left out. So yes, the gambling industry is affected as well. It is definetly going to be affected by volatility and other external forces. It would have been a good thing if we have more casinos with their tokens because that would help mitigate the effect of bitcoin dump. I don't think we have enough of those though. 

Dump but not collapse, we've seen many dumps in the past but it turns out it's just normal in the crypto space. Why people like to invest in crypto is because of its high volatility, and despite of the dump, these people will not panic anymore because they are optimistic that the market will recover, so that's the same mentality gamblers have.

The coins they currently have, didn't came straight to their pockets, I mean they didn't deposit anything to win/obtain those cryptos so why will they regret or feel bad when the price suddenly dips? The price can dip but there is always a chance that it will recover so they cant opt to hodl their coins for a while if they feel that they will lose something once they sold it.

It's not about being an old or a new player but it's about how your playstyle was. If you are playing mainly for the profit then a dump in the price can greatly affect you. If you lose you will feel that you lose a lot but if you win you will feel that your winnings have gotten smaller.

That's not a huge problem because not all the time the price of bitcoin will dump, there are also times that it will pump, so if we look at the big picture, the risk and benefit is only leveled to 50/50, which means there's less effect for gamblers if there's a dump.

I do not think so but the impact could be on the amount of BTC they can wager.

Obviously, as the prices of BTC start to go down, more and more BTCs would be circulated to reach the current value they must bet. But people who bet using BTC at this time should definitely consider the investment aspect of it given that its price may reached another ATH of $60,000 within the next couple of months or even by next year. That is why, I always advise people to gamble using dollars or fiat instead of using cryptocurrencies.

We all have decisions to make and even if you've bought the bitcoin you have at a high price, you can still use it at any price you want and when gambling cravings hit you. Then, you have to spend as much as you can and the price won't matter to you anymore.
I'm just applying what I think of gambling with bitcoin and if it's good for me to spend it then the price won't be a thing or two. I'll just use it if I want to and that's going to be a big problem to me.

This is like how investors of Bitcoin will be, it is for the traders and also holders. The holders will be no matter if the price of Bitcoin is dropped or not. Because thy always think that 1BTC is still 1BTC, and the belief of BTC can rise up and touch a certain rate in the future as they expect.
As also gamblers do, if they are only willing to get the rewards for cashing out instantly, they will be surprised because of the sudden drp. This will really give influence because they should get certain $$$ but because of the drop, they can only cash out certain $$

That's because gamblers just want to gamble without thinking about how the market moves. They focus on the game while they are aware of using more money if they use bitcoin to gamble. But they were okay with the dump because they wanted to gamble anyway. As long as they can still gamble, they will continue to do so but if they start to run out of money to gamble, that will have an effect on them and not because of the dump that has occurred in the bitcoin price.

This could be true if the bettor puts his bet only with BTC, but I see that the big part of bettors converts instantly his USDT into BTC, puts his bet in, and then withdraw. So, in my opinion, this should be the best strategy

for bet in this period, because with dump many person has lost a lot of money.

But if he only wins through bonuses then I don't think it will be a problem either because after all, he doesn't spend a lot of capital to gamble because he relies on the faucet in question. Withdrawing immediately will still make him profit even if the bitcoin price is down, unless he gambles with personal money and then wins but unfortunately, at the same time the price is down then his winnings don't mean much although there may still be profits to be pocketed.

I do not agree with you, gamblers keep an eye on the markets, and that is part of the gambling, since the moment when we put our money on bitcoin we have a bump and dump risk. And that's why I think gamblers always watch the market.

And the fact that we can get more bitcoin with the same amount of money from some months ago, makes gamblers play more because this is the right time to win big.

You are right that gamblers who use btc are also watching the market movement but the question is, are they ready for such a crazy movement especially when it goes down?
Not all btc gambler are also holder as most gamblers are willing to make profit from the gambling session only, so they may not be able to make profit if the price is down significantly when they finish their gambling session although in fact they lets say managed to double their bankroll.

You are bringing an interesting point, since I am a bitcoin holder to me it is not much of a problem if the price of bitcoin begins to go down, as I am way more interested in the amount of bitcoin I am holding than its fiat price, even if that is important too.

However for those which are only interested in gambling in general and that are using cryptocurrencies because they want to gain some privacy back, then a drop in the market can be very difficult to accept, as even if they had a good session and earned money it is entirely possible they lost some money when it comes to the fiat value of their coins.

It will be a big issue if this kind of gambler is surprised by a sudden fall in bitcoin price, which can happen in few minutes without previous warnings or signals, preventing us from preparing ourselves for this moment and avoiding a gambling session during a high volatile market. Then I fear there is nothing they can do besides cashing out their money with relative losses or waiting until bitcoin recovers, what can take several months or few years yet.

Another option is to gamble with stablecoins or altcoins which present less volatility in price. This way, it can be an opportunity to grow your bitcoin holdings after a gambling session, because when btc loses value, you will be able to swap more coins of another kind to bitcoin after the crash.

gambling is an addiction and the gamblor have to play no matter what.. the rise and the fall is definitely an issue in gambling.
For those who are high roller and plays big bets of course the dip is a real issue.

Gamblers can often bet large amounts out of the blue. That usually stems from the fact that a significant amount of money has just been lost gambling. So you could say that they are trying to recoup losses as quickly as possible. Should the Bitcoin once make a hard fall, for example with 50% in a week, a gambler can also consider this as such a loss and try to earn his money back by gambling. I don't know how gamblers would deal with it if the Bitcoin were to double in value, by the way.

They don't have to convert it because that will serve as their hot wallet for particular and specific cash outs that they need to comply for their users. I don't think on their part that it is considered as a loss. What if they've been doing that since the time they've established and that's before the last bull run?

That's true, it certainly will cover a huge problem if you've been gambling with certain cryptos that you bought at high and then it's quick to lose it as you gamble.

Gamblers will never be bothered with so much volatility in bitcoin, because they are focused on how to win from their bets and make good profits. But I believe gamblers may also have different views about this and some will most likely to gamble when bitcoin is not experiencing a price correction. Although in the end, gamblers will always find means to gamble and make profits, regardless how bitcoin price is crashed or not.

If they are playing with crypto, then the value of their bet is still 1 to 1. Gamblers are not that affected if the bitcoin price pumps or dumps.

They are dealing with crypto gambling therefore they already know that crypto is volatile and price can move up high or low.

The gamblers care for their gambling activity instead of this price volatility. They will do gambling regardless of the bitcoin price movement.

agree, but in fact not everyone has a mentality that is fully convinced of the market...

when the price of btc drops, their focus is disturbed because of concerns about the price. and this is why gambling sites that have their own tokens have many users who really don't like market volatility (so as not to disturb their focus on gambling). I use a trick, to deposit I use the token provided by the gambling site but when I win, I will immediately make a withdrawal and then convert my winnings to bitcoin as my investment.

Good choice, So you can still invest in bitcoin from gambling profits. Gambling sites with their own tokens will indeed be more profitable and make it easier to do gambling, price fluctuations are also not as extreme as other tokens. But still has the risk of a dump when the market crashes even more. as long as the gambling system is still running, the price recovery will be faster.

that makes sense
since bull markets also bring more attention to crypto websites the volume on gambling websites crypto-based is probably correlated with prices

I remember in the last bear market the signature campaigns here even stopped.

If that's the case for crypto gamblers, maybe they're better off leaving gambling for a while and saving their coins by just holding on to them. I guess it will be good for gamblers than them losing more of their coins on gambling either in value for money or in amount. But if they haven't been able to leave gambling, maybe they can convert their coins into stable coins, and then they can deposit them to a casino that accepts stable coins to gamble so they can continue gambling.

BTC paid signatures? I honestly don't remember when this happened, was it in late 2019 or early 2020?

the main reason why today many gambling sites provide deposit and wd options with stablecoins is so that those who are afraid of price volatility on BTC or ETH can use stable coins as a choice. so that there are still a lot of people playing on crypto gambling sites.

I don't see the Bitcoin dump as having such negative impact to gamblers in the sense that those gambling platforms has stablecoin option integrated on their site except if there are some platform that only has deposit and withdrawal option in Bitcoin , However, not much impact.
Dump could impact Customers that chooses to keep their funds in Bitcoin on the platforms that has both stablecoin and Bitcoin deposit/ withdrawal option , However a good or profiting gambler that has his/her funds not converted to stablecoin in the platform will still recover his/her Bitcoin from realized profits. Generally, there could be impact on gamblers because of the dump but not gonna be much.

Many crypto gamblers have got good profit during time. Those who were investors at the early phase are the real tycon in crypto gambling.
I am not an expert player because I didn't make some good researches and I didnt get good pieces of advices hence the loss. But I dont think many crypto gamblor are much concerned about dumps as it rises again.

There's no how everyone will not be affected by this downtrend in bitcoin price, this is the economy market we are talking about, a gambler that makes about $200 turns to hardly realize $20, how do you expect such gambler to play the same way he has been doing, same also are some gamblers currently rejoicing because of the advantage this dip has brought on them most likely in their tradings, but the fact remains that there cannot be a unanimous experience from gamblers as some looses some are making profits out of it.

I think Probably it won't effect on gambler but technically I think it can efect on this gambler. Such as-  there is a huge amount of gambler who are also doing trading so if bitcoin impact on trader it could also possible that it will impact on gamblers. And these gambling project are connected with btc. And if you are looking at this current time there are a very low amount of new project is launching just because of the dump of btc and hole cryptocurrency world so I think that the dump of btc can impact of gambler some time it could be in a good ways and sometime it could  bad

Then just withdraw it, why you should think twice? If you need the money, then regardless if the trend is uptrend or downtrend, just withdraw it.

If you plan to not cash out yet, then disregard any withdrawal attempt.

Simple as that. Don't think of it too much.

I agree with what @agustina2 said because when we need money and there is still some money in our account, we can withdraw it whenever we want. Don't think about the current trend because it is an urgent situation that we are facing so we have to withdraw the money to meet our needs.

I also immediately withdraw my money to the bank if I need money and it doesn't take long to decide. We can earn money again through other means so we better fill our urgent needs.

Yeah, you were absolutely right Sir, I also noticed that. Only this year I saw where most of the signature campaign are now little by little becomes good again here in the forum. I hope it won't happen or repeat what happened before.

Aside from that, I think it might be that some of the gamblers got affected by the dumped of Bitcoin and some are not I guess.

If the market situation is irregular, I have several options, including using stable coins to deposit, depositing using altcoins or sticking with BTC or ETH, or the last one is not gambling and just waiting for the market to return to normal.

Maybe people have their own preferences so they can decide the best they can do during an irregular market situation. Or there are gamblers like me who do nothing or gamble at all.

Bitcoins can be used to replenish deposits in online casinos, if there is confidence in the absence of a sharp increase in the price of the first cryptocurrency in the near future. 

Will bitcoin rise in the near future? 

In my opinion, local growth is possible (for example, price movement to $28,000). 

A more serious increase in the price of bitcoin is possible only if the policy of raising discount rates (refinancing rate) of the Fed is terminated.  So far, we see no signs of the Fed's intention to stop raising rates.  It is likely that rates will be gradually raised to 4 percent (possibly with periodic stops to analyze the effectiveness of the ongoing monetary policy). 

Therefore, in my opinion, at present, replenishing a deposit in an online casino in Bitcoin is an adequate and rational action.

I don't agree with you at all. At the moment, the market is in such a state that if a major player decides to get rid of risky assets (and Bitcoin is such an asset), it can provoke an avalanche effect and as a consequence, Bitcoin can fall in price even more.

If you don't want to depend on volatility, just use Stablecoins to fund your deposit.

Good thing you mentioned stable coins, I forgot that I wanted to say something about that as well. It seems to me that even investing in the hodling of stablecoins for gambling or whichever reason, is risky in itself and could also vaguely be called gambling.

As we have seen with stablecoins like LUNA UST, there is absolutely no promise that said stablecoins will result in a safe haven as you go about your day. In fact, it could all become worthless from one second to the other. Just like any other cryptocurrency.

It might be a safer looking option than other crypto but its still far from safe.

Yes, in the past when the market suffered a bearish move automatically every business that are using cryptocurrencies slow down the promotion. This time the perspective over the market have changed and people are finding it an opportunity to market well. Myself who used to spend in terms of spending in dollars while gambling started to spend in terms of bitcoin. Maybe same as me others too might've changed the gambling pattern.

sorry they didn't stop completely but it was much harder to find a good campaign (or maybe it was just me... could be)
in 2018 it was the hardest year if my memory is correct.

now it's golden times compared to the past, way more campaigns regardless of market conditions

Yes, campaigns these days are way better than the campaigns before. Gamblers who are having a hard time dealing with the market status could have more opportunities to earn and have good capital for gambling.
I think gamblers will still gamble regardless of the Bitcoin dump because they can use other alternatives. Converting or using stable coins will be a better step.

If you are a gambler and do able to join up gambling based signature campaign then it would really be an advantage since you could really be having that capital which you could able to make use
but most of the time people would eventually be withdrawing those pay and would make use into other aspect and would really be saving up for future purposes.
If we do talk about recent deposit and basing with the current market condition then its up to someone whether they would be ignoring it or not.
Impact will be self preference and self acceptance on whats happening around.

If the price of Bitcoin goes down, gamblers will get less money from their gambling than specified bets? The answer is no because they get btc according to their betting odds. However, if a gambler hold his deposited money or collected money in the form of BTC for betting in his wallet, then some of his money will be reduce for the price volatility of BTC. But if not, there is no possibility of any kind of effect on gamblers.

When I want to do gambling I think it will be lighter when using altcoins than bitcoin because the selling value is still low so it will make you a little calm when you lose, while so far I keep assets in the form of bitcoins in the nominal gambling place that I have still and no change even though holding assets in gambling is very dangerous because they can collapse instantly without your knowledge. when I have made a lot of profit from gambling, I think immediately to make a withdrawal and secure the profits that have been obtained.

Better to keep your earnings into stable asset if you are well-satisfied with the amount.

It will allow you to feel comfortable, though there are some gamblers who are not comfortable with how the market
changes, but for more experienced gamblers, they are good and willing to take whatever the market is, bringing them
inside this crypto gambling industry.

that's a good analysis and breaks the thinking well

understanding incentives is a must to figure out why some things end up happening the way they do.
good one

If we are aware about deposits made to gambling accounts then I think there are two possibilities, they will play it immediately and they can only save it for later use. Also, if a player gets a win in gambling and doesn't immediately withdraw it, then this kind of case also has an impact on the bitcoin price dropping. Therefore, a drop in the price of bitcoin can basically be bad and also mean nothing in gambling. Whether or not it has an impact depends on how they use their money in gambling, because nowadays if we want to gamble on a gambling site and or gambling platform, we will at least make a deposit first. It's different if the gambling site does not require a deposit that can bet directly, then the decline in the price of bitcoin certainly has no effect.

At least if they use stable coins for gambling, they can gamble without having to think about the price movements of bitcoin or altcoins. They will see the value for money directly without going through conversions, and they can stop if they see the money has started to decrease a lot.

Indeed, nothing is safe in gambling because we will have the risk of losing money, but we can continue to gamble by choosing the coins we want.

I agree with your words. But I also would like to say that it could be impact to all gambling industry. If you looks the industry of Cryptocurrency then when bitcoin is going to down hole crypto industry also going to down . Now the point is, when the crypto industry is down, projects don't get their new updates or new projects that much.  In this case, gamblers get less opportunity than when Bitcoin is at the top.  So I would say that when Bitcoin goes down, gamblers are not directly affected by it, but they are indirectly affected.

you tell the truth. because sometimes some gamblers also have concerns that when playing gambling the price btc or eth dump without being noticed, and the way to avoid fluctuating crypto prices when gambling is better to use stable coins. so there are no worries when gambling and storing their assets on the gambling site.
and for myself, i've also been gambling using stable coins to avoid these worries.

And what is your token and blockchain of preference?
Because when Ethereum network is congestioned it may be a bit taxing to deposit to casinos, specially if one's dealing with relatively small amounts.  I personally prefer to use Tron network when dealing with stablecoins, because the fees are low,I personally have not had any experience with Binance chain or BUSD, for example.

Using Tron to gamble can minimize the transaction costs of sending from the wallet to the gambling site, and the process is also fast. I think we can choose a Tron-based stable coin with a small transaction fee for stable coins. Very few casinos use BUSD for gambling, and many casinos use USDT currency based on the Tron network.

But Tron has become a choice for gamblers to gamble. Besides that, maybe Dogecoin will still be a favorite for them if the price doesn't fluctuate too often.

actually it's great to use the Tron network as a solution to avoid fluctuating crypto prices and those worries.
to be honest until recently i am only used USDT on the ETH network. even though the transaction fee is very expensive but for me it is the best so that when playing gambling, i don't have to worry anymore and focus on playing gambling.

looks like i should try your suggestion like using Tron network to avoid when ETH network is congested. to be honest i never use Tron network  ;D

those who want to go with low fees and fast transactions would usually prefer tron, bsc, litecoin or doge

even though nowadays seems like non-EVM based crypto is a bit out of the loop, they're way less used than before.

Bitcoin in a bearish situation probably affects only to few gamblers. Gamblers are gamblers. They should not care either bitcoin is up or down. When bitcoin is down, they can purchase cheap bitcoins to gamble. When bitcoin is up, they purchase expensive bitcoins to gamble. But these gamblers before purchasing bitcoins have their budgets already based on fiat money.

But if a gambler is using a portion of its crypto investments and savings in order to gamble, then that person most probably is affected. With the value of its investments dropping, a move to stop or minimize gambling is very reasonable enough.

You correctly noted that most gamblers do not care how much Bitcoin is worth. They just buy it on the market for the amount they want to deposit in the casino and play. They are not interested in getting the benefit of the Bitcoin exchange rate, otherwise they would not be gambling, but trading.

Those same gamblers who are afraid of losing value because of Bitcoin's high volatility simply use Stablecoins.

I could argue the opposite. If a major player decides to buy, it could squeeze all the shorters and create a burst in price. This is very likely to happen at some point because the coins on exchanges are at an all time low. This months we had record outflows from all major exchanges. You can see that on charts provided by glassnode. This means that if someone decides to buy 1 billion in bitcoin like Do Kwon once did, there won't be enough bitcoins at low prices for him to grab and the price will go back above 30k in a matter of minutes.

Gamblers will never be triggered by the bitcoin price dump, because whatever the condition of the market, they will never stop betting and find means to be profitable especially if they have that gambling addiction. Investors and traders may always be considerate on the prices of the cryptos, but when it comes to gamblers, their goal is to make profits, and as long as they have tons of capital to gamble, gamblers will always continue betting into gambling games and matches.

When you do gambler then you wont really mind on making yourself about those price volatility because the main thing you do have in mind is to play and find leisure time which minding about price differences
is a bit off or wont really be that in serious because you do tend to play and not to invest but i dont know if there are gamblers who do make or consider gambling activity on the way that they could accumulate more?
Sounds dumb right? Even myself or basing with real experience and on the time you do make out some deposits then you wouldnt really fucking care about prices but its not bad to make accumulation of those
winnings if ever you do really being mindful about accumulation then you shouldnt have played from the start.

I can also.see the appeal of using Stablecoins on the Eth network to deposit to casinos. If one already had some ETH as investment and one is familiar with the Eth ecosystem, it may sound a little bit uncomfortable to get out ones way and get Tron to move Tron tokens. I believe Eth has way more acceptance as cryptocurrency than Tron, some people consider Tron to be a sh*tcoin. However, that's would be the position of someone who does not find annoying to pay an extra for the transactions.



Litecoin and Doge have been two favorites of mine when coming to saving fees in general, unfortunately they have kind of lost some relevance in favor of other coins in the market. Of course, they are still common on the faucet/casinos I have visited before.

Gamblers will always be gamblers, so they don't see the market as main factor to change their habits.
But for some small time gamblers, it may affect them because they need to consider the amount of their bets.
In general, we have seen that despite of the pandemic and other crises, the gambling industry is one
of the industries that sustain their presence and survive. Gaining more patrons.

Wow, if you use USDT on the ETH network, I wonder how much transaction fees you have to pay because, as far as I know, the fees are very high. Or has the cost dropped drastically?

I've never used USDT on the ETH network because I switched to BTC or USDT on the TRX network since the gas costs went up. It saves me saving on gas fees or transaction fees. Well, those are probably the ways we have done before playing gambling and sending some money to play gambling.

Anyone who wants to buy a billion Bitcoins is likely to do so on the OTC market. It will not affect the Bitcoin price in any way, but it will be much more profitable for the buyer than buying that amount of Bitcoin on centralized exchanges because you can negotiate a discount as well as there will be no slippage.

Gamblers will never intend to make any changes to their gambling habits just because there is trend change. Personally whenever the market used to decline I used to make myself more active into gambling.

When there is market decline, automatically the wallet balance will turn down relative to the decline. To compensate and keep the value same even after the market decline I used to gamble. This way I've lost big funds, because initially the portfolio gets maintained and later it'll turn towards a massive loss.

This is what I meant on the previous occasion, basically if gamblers hold their funds on the gambling platform then of course with falling prices it will have a bad effect on gamblers. Unless you don't hold your funds after winning, then the price drop won't have any effect, even if you don't think it's a change from habit, but still, with an incident like that you are still affected by falling prices. Because you change your habits to be more active than usual, so the decrease in the price of bitcoin for gamblers still has an impact even though the impact that occurs is sometimes not very realized.

I think that one of the ways that players have so that the price of BTC does not affect them in its fall is that they consider BTC as such and do not see it at its face value in fiat, because it can bring stress and thoughts like selling, We all know that having 1BTC will be the fortune of the future, this is something that we must be clear about and that the speculative market will always have falls, but for players the best thing they can do if they play is to give it the same value, that is, as I said in another thread, fully apply the statement that 1BTC=1BTC, if they play that way I don't think there will be any problem.

Don't say that my friend! Have you used Blackjack.fun to play before? They literally make your available balance in any of your desired coins, your assumption is wrong when you said gamblers would not be triggered by bitcoin price dump, you can't outsmart bitcoin volatility with such kind of Casino. Besides, it is not all the time gamblers do wage their money, they used to live their value in bitcoin in anticipation that during their break time, it may pump but the reverse will hurt especially when it falls like a fallen knife that most buyers wouldn't find palatable to buy.

gamblers usually only focus on the profit they make, not on the price of bitcoin

indeed when they make a deposit with bitcoin, the price drops it affects the value of the gambling results (profit or loss) but if they win big, they will forget the decline that occurred in the price of bitcoin

The market is so unpredictable - anything can happen at any stage of the time. If we look at LUNA - what a horrible mistake it was.
Two of my friends lost their big capital to LUNA, I was about to make the same mistake but thank God - I missed buying them.

about a month ago the transaction fee went from $5 to $10.
i don't know what i'm thinking, i always choose to deposit using USDT on the ETH network even though the fees are expensive. but it's like an addiction, even though it's expensive, i never think about it, the most important thing is that i can play gambling and don't worry if the crypto price drops later. but after you suggested using the Tron network to deposit to a gambling site, i just tried it and it turned out that the fee was very cheap and it entered my dashboard very quickly.
thank you for your advice, i really appreciate it +1

Without a doubt when people are talking about a dump they think of a regular drop in the market in which there is still a possibility for the coin in which they invested to recover, however the dump of Luna was different.

If someone had most of their capital invested in Luna and was even gambling with it then what happened affected them to an incredible degree, as the coin crashed almost all the way to zero in a single week, and as such any moment of hesitation was a moment in which the price kept dropping and it was making more and more difficult the decision to sell, which is why so many people that bought Luna for a high price decided to not sell thinking the coin will recover, only to be proven wrong and losing any chance of ever recovering their money, which without a doubt affected their gambling as well as now they had no money to spare at all for the activity.

I'm not sure if you're new to the current ETH network tx transfer fees, gamblers often use USDT on the Tron network to handle the high tx fees and other benefits that are sent very quickly to dashboard accounts. But besides relying on the tron network, I have an alternative to the Binance Smartchain network (BEP20) if the casino platform supports deposits to USDT using the BSC network, because the tx fee is very cheap and the network confirmation process is also fast.

just checked etherscan and you can see some stablecoin transfers for 1.45 usd
https://etherscan.io/tx/0x297e5ada9b084bb782cff37fca89b36f7da571d5f1ac89bfcb6dc65136bae6d4

not sure if you think this is expensive or cheap
of course it's more expensive than Tron or something like that... but still, looks fine

Yes, some aren't not that worried about the price and some are also trying to get some ways not to get their funds decline as some gamblers like to use some other kind of cryptocurrency which is not so volatile. This way, their funds wouldn't likely move even if it will be on their advantage.

You know, recovery and dips aren't going to worry some of these gamblers because they know that they can't control it. Some even trade to other coin just to make the fund somehow steady.

at the end of the day there are many more things we can't control than things we can control
better to react than to try to predict things like market movements

most gamblers will probably lose money longterm, what do you think?

Maybe for those who have been playing crypto gambling for a long time it has no effect on them, and I’m sure they won’t be bothered either because they know that kind of move in this industry. And then if anyone will be affected by this sudden fall in the price of bitcoin, it is none other than those who are new to this industry and do not yet have enough knowledge of cryptocurrency. What they can do right away is to release their gambling winnings immediately because they will think that Bitcoin will continue to collapse, which is not really going to happen.

I think if they were new they wouldn't pay much attention to the ups and downs of the price, because basically they would focus on the stakes and not on the price on bitcoin. But indeed, the decline in the price of bitcoin will not affect the overall bet because every gambler and player certainly has its own way and calculation for them to hold, withdraw and deposit. So far the price of bitcoin has experienced a lot of decline but in fact there are not many gamblers who complain about it and also, not many of the developers are bankrupt, because more of them survive and continue to grow over time.

you are right, those who want exposure to crypto price won't care that much and maybe lower price will even incentive them to buy more (and maybe gamble more)
while those who don't care about crypto will just sell for stablecoins and call it a day

my experience is not big but
I think the fall of bitcoin for gmblrs is OK
you can buy it while it is cheaper as was said above
I think you can use other cryptos
bitcoin is just the most hype

That is because many but many of the reputable and trustworthy casinos don't let you play in Bitcoin currency by default,or better to say that slot providers like Play n Go and a couple of others always exchange your balance to dollars and thus you don't pay that much attention.Also when we play sport betting every major casino and sport book let us directly play with Bitcoin as currency and this is also the case where new players would not notice anything.

In fact if they are really paying attention to anything they would see that when playing slots for the same amount of Bitcoin when we are in a bear market like right now it is not a wise idea to play as you are spending Bitcoin for a much lower value in dollars as when we are in a bull market.

If you think why Bitcoin is most hyped then why does it movement control the entire cryptocurrency market?
There are many alternative crypto coins that we can use to gamble butt still, Bitcoin still rule the whole crypto market. Bitcoin fall do affect the crypto gambling because the worth had reduced and you we need to have more Bitcoin to gamble to your satisfaction. The worth of Bitcoin when it was $60k and now that it is $20k makes us want to have more Bitcoin to use to place more bets because of the price had reduced.

Well, if we try to dig up on when did they started playing and what's the trading price of that specific coin used then I'm somehow confident to say that most and majority of these gamblers are already losing long-term but that's too deep already consider the data needed just to prove this speculation we had. We will just try to imagine it and speculate what would be the probable result.
Nonetheless, these gamblers will always try to get themselves play despite of the market movement.

The impact on the casinos may not be, it just applies to the gamblers themselves. Let's say a gambler deposits Bitcoin from buying at a low price or withdraws it from a wallet when buying at a high price. So we can consider when we want to bet using Bitcoin from the results of purchases in a bear market the impact will not be felt. As for gamblers who deposit Bitcoin from high-priced purchases, the solution is better to use altcoins.

I don't know about anyone else, but for me it won't have any impact. I don't bet with bitcoin, but more likely to do with other currencies like stablecoin or others. The impact of bitcoin's decline only leaves me with the opportunity to earn more bitcoin if I win, but the opposite will happen if I use stablecoin.

Big gamblers in the crypto space don't really care about price volatility, but they only care about how much assets they have in crypto so the lower the bitcoin price, the more it appears they are trying to collect more by gambling.

We know that bitcoin is a volatile assets. I think I will not agree that it's not a wise idea to play using bitcoin because of it's lower value. It's just the same thing as not letting traders trade because the value of their bitcoin is now reduced. If we play on a casino using bitcoin, Bitcoin will also be the reward. If a casino do not offer bitcoin as a default, I'm sure we can choose bitcoin and just avoid or use altcoin if that casino doesn't offer bitcoin as a currency to play at their casino. We can see that majority of crypto is going down and it's the market cycle we are experiencing. If the gambler want a stable, The gambler should opt of real world currency casino or resort to crypto casino that offers stable coins to play.   

If the gambler understand the volatility of bitcoin, the gambler wouldn't be affected much.

I just realized that I haven't been gambling all that much recently. That's probably about the drop, but also the fact that we have been in a drop for many months now and yet I still gambled makes me confused. Yes, it's low now and yes that has caused me to have less money, and yes that is why I probably do not gamble as much as I did back in the day.

But, what confuses me the most is the fact that I didn't stopped gamble last month, or the month before that or before that. The price wasn't low during that time neither? So, why would we think that the price is low right now and stop, if I end up didn't spending that much time considering this as a problem back in the day? I am not really sure at all.

Well, one of the ways that players have is that those who have fiat money can buy BTC and be able to bet it on games, they may risk getting more satoshis than leaving them in Hodl mode, I also know that the risk of losing it is great, but i think its better for now to buy and play than those who are in hodl mode to risk it, in fact altcoins can take another turn, some know that when bitcoin rises it will have a lot of profitability, and some risk their altcoins to the maximum, but This does not end here, it could be that they want to give another meaning by betting only altcoins to try to multiply them and since their value is low it would not hurt so much.

Well, first off, it is good to know about that because you're not spending that much money recently as you've said and I'm sure you've saved yourself. But back to the topic, only you can answer those questions mate because if you gambled much back in the day when the price is a bit steep then you should still gamble now even if the price went low. Price can be still adjusted by how much you wanted to gamble.

Absolutely it does.  I don't have volume numbers from casinos but people will definately tend to gble more if theor trade earnings are in the green versus in the red.  It's a lot easier to take losing a lot of money if it was your profits versus your "hard earned money".  Is there site stats publicly available somewhere to see?

That is in fact an interesting question, and there is not an absolute answer to it, but at least to me I think that even if the price was already quite low the recent drop brought way more than a new lower price for bitcoin.

Many people, and I will say that I thought like this as well, thought the price of bitcoin will never get lower than the ATH which we saw during 2017, however once the price went below that level that is wjhen people really began to think the price of bitcoin was too low, so the fact we went below that psychological barrier affected traders and investors and now this is beginning to affect the rate at which some of us gamble too.

Alot of people are betting in dollar terms so it has an effect.   I agree with the idea to bet the BTC amount but not alot will do this, they refer to the value to buy things immediately only not the investment amounts to BTC.    I would try to focus on accumulating a whole Bitcoin from a lower amount and find this an objective, the game within the game and only worry about the price when I come to sell my earnings.
  After all it can take years for BTC to actually move properly, people worrying about the price so much is pointless it should be the bet you make that matters most if you win be happy and I do think BTC recovers in time with regular usage.

Bitcoin and the dollars has an effect it depends on the currency of the local, in my country the price of the pesos to dollars is 56 pesos to 1 dollar before it is just around 50 pesos and now it is quite different when you are trying to buy crypto because it has less than what you got, in gambling some of the casino are still preferred with the current deposit and value of the crypto coins but due to market crash i guess it is not quite good because the value of the bitcoin falls down too when they take a withdrawal, at the same time i still prefer with the USD rate so it becomes 1:1 no market volatility too much.

At this low, many would accumulate because it's the essential thing to do for those that have sold at profit and then haven't accumulated back those.

There could be some spared bitcoin to gamble but it won't be a lot just as how many gamblers have spent during the bull run as if it's nothing because the price is high.

It seems to me that the gamblers are more influenced by the subsequent pump of bitcoin that followed after the bets he made, it's just when you start comparing how much you lost, it's like a pizza story, but fomo is present everywhere not only in gambling.

Did you call Bitcoin the most hyped coin? You must be really good at making comparisons about altcoins with king BTC. You were fair in your first statement and then change your tone in the last paragraph. I hope you make a deposit next time on a Casino that supports Luna and other shit-related tokens.
If you play on a Casino that keeps a balance on bitcoin, buying bunch of bitcoin right now is the best as you will get more value when the price appreciates and have more dollars to wedge and less satoshi to pay the casino on games to play.

People are not always that good when it comes to investment aspect where they do really believe that Bitcoin is the most hyped coin? thats really a very wrong idea to have.
Whenever we do play gambling then we dont usually mind about the money being spent whether you are making use of btc or some altcoins that they are accepting thats why i could really say that current market conditions cant really give out that much effect because gamblers are really that willing on spending their coins for their leisure.

If you do really think about investment while you do gamble then it doesnt really correlate but it would be a good bonus if you do win big and hit something significant on btc forum of course.

There are gamblers who are just aiming for entertainment, and if they use their crypto, they don't mind

if how much they use as long as they are being entertained, they will not be affected by any changes in terms of value, while
there are also gamblers who are very strict to this kind of enjoyment.

They are just allotting portions of their crypto and try not to exceed, some might be using their crypto for investment while
some really use it for gambling purpose.

And at the most of the gamblor quit.
Noone can gamble for a longer period of time - they win or they loose - but they quit at the end.

I suspect this may be the case with most people
either they don't bet with bitcoin at all or they consider USD cost-basis instead of btc when gambling

could be...

Of course, that is why there are many currency options in casinos because not all gamblers want to gamble with bitcoins. Bitcoin whales in gambling seem more inclined to use bitcoin to gamble than other altcoins, I agree with that. But of course, most other gamblers prefer altcoins to bitcoins regardless of the price.

TRX, Doge, USDT, and Ethereum are some of the options I use to gamble, but I'm of course bitcoin is still possible for me to use. In the end it all depends on the preference of each gambler and what currency he prefers the most, but the impact of the decline in the price of bitcoin can be felt by the gamblers.

The decline in the price of Bitcoin affects the entire crypto market. And one of the most important elements of this market is the crypto gambling market, whether this is for the gamblers themselves or for the gambling platforms whose value of their crypto savings will decline, which will push users to reduce the percentage of money allocated to betting, which will make the matter worse for the gambling platforms that may have to lay off part of the money. its employees or reduce the percentage of its daily profits.

Of course, the impact will be felt by the gamblers but it really won't matter to them at all because they would still gamble despite the market's situation now. Some gambler says that they aren't doing the activities often now because of the situation but that's just the minority because the majority doesn't budge with the price movement as they will always choose altcoins that aren't making huge movements, just like what I always do.

My average example is using altcoins as a deposit and withdrawal option to make it cheaper, even though I use Bitcoin but not often and this will definitely have an impact on the price drop for them, yes they will feel for me not because I am not the type of deposit much but a little so once down it's not a problem.

Yes, it depends on the preferences that are used, because now there are other options, so many casinos provide it, this makes it easier for other gamblers to choose alternatives coins.
Of course the impact of falling prices will certainly be felt, including me too.

You are right on that Raflesia. Altcoins with cheaper networks like ltc and doge makes transfer much cheaper
Of course their value will also fluctuate of you compare it to usd. Not many ways to escape from that besides using the so called stablecoins.

People will tend to bet lower amount I would say for this one. The bitcoin "dump" - I would just say the bitcoin drop - means that people who "hodl" feel  inevitably worse about their investment and their future wealth. That could either depress some and get them to compulsive gambling or, for most, make them feel a bit "poorer" if that makes sense and play much less, as they would also go out less or consume less in general.

I think this is a natural tendency that everyone has when they see the price going down so fast, even if that is not the intention of gamblers a great deal of them are going to reduce the amount of money that they are using to gamble because they are worried the price may go down even further and they want to either buy the dip or they want to cut their losses.

And regardless of what decision they take both of them imply reducing their expenses, now there are a few gamblers that still do not care about the changes in the price of bitcoin and the rest of the cryptocurrencies we have in the market but in my opinion they are a minority.

Really, the LUNA thing should not take us by surprise, this type of currency can reach that type of behavior, we know very well that everything is managed by supply and demand, and obviously LUNA does not have and never had a life of its own, LUNA just like all altcoins will always depend on BTC, and BTC is the only King currency, the one that rules, and yes, BTC is the only currency that has life, and only the fact of falling in price shakes the weaker altcoin projects and the it collapses, for me that was what happened to LUNA, it never had a good project, therefore it failed and everything went down, like a big landslide where nothing was left.

They don't really care about that. The fact that if what matters a lot to the gamblers was the global economic. The bad trend in the crypto means nothing. Gamblers are using fiat value as basis to play in the casino but sometime they were also using altcoins.
The gambling is an instant play and it's not the same like an investment. If you are playing the game and you will get two results. Win or lose. That's why dump means nothing for the gamblers.
This is quite different compared when someone was gambling in the casino.

100% that
and in the end most of the chains or even centralized exchanges allow you to swap between currencies in a click
so it's not hard to change from one to the other as well

Bitcoin dump can only affect gamblers that are holding Bitcoin as their bankroll.  It will greatly affect their betting power when the Bitcoin price dump.  The same way it increases their betting power when the Bitcoin price surge.  Aside from Bitcoin holders, I do not think that a bitcoin dump can affect any gamblers that hold stablecoin but definitely cryptocurrency holders will be indirectly affected depends on how they holding crypto react to the Bitcoin dump.

Im disagreeing with this because once you do decide to make out some deposit with those coins you do have specially bitcoin then you are preparing yourself to lose those amounts since we arent that dumb that losing

or odds of being wrecked with gambling is high and also majority of gamblers wont really be minding about investment moment on the time that they are tending to gamble.
Therefore i dont really see that they are been affected that much when it comes to this.

Also people had already set aside their funds which are intended for investment and never tend nor plan on making use it on gambling but not
all does have that kind of mindset though.

most of the gamblers probably aren't bitcoin natives and would opt to hold their savings in usd instead of crypto, even if it is usd IN crypto like stablecoins
what do you think?

For those that are holding stablecoins, there's no effect on them but if we'll look at the value right now. Holding stablecoins have gone up in value because the value of USD has gone up too.

Maybe for some but I think many savers are into bitcoin and holding their most assets on it. And that's why there are gamblers that are opting for the option to gamble with some altcoins rather than spending those bitcoins that they hold.

Even myself did really make some long period of break when i do make some huge loss with gambling and its really just a common reaction for someone who do experience it out.Only to those who could really sustain their funding will really be able to play for long time but we know the risk is high in terms of wrecking your life in terms of financial unless if you do have lots of sources of income then it wont really be that much of an issue.

Investments do really come in other space where gamblers doesnt really correlate their gambling spending on the amount that they are saving for investment purposes.It is really just
totally different thats why when these declines or dumps happen then they dont really care most of the time.

Yes most gamblers using fiat value as the basis but it does not mean that they dont care about the price change. Imagine you make a bet of $1000 worth of bitcoin, and you win the bet, but after that the price of btc dumped crazily that makes you lose your winning bet in the value or even you also lose your bet amount due to the dump. What do you feel? Wont you affected with such situation?

I know that. I will feel bad about that when i will be seeing my reward got decreased due to the volatility. As a gambler and i will also think the possible thing to decrease the impact from the volatility. The thing that makes it different is if once gamblers used crypto to bet and they are really know with what should they do to avoid the volatility or take the risk if sometime their reward or bet got decreased due to the volatility in the market.

Maybe this will be a dilemma for gamblers whose bankrolls are in crypto because any action may look wrong, but it could be that gamblers who don't really care about the value of their assets in casinos are depreciated in value due to the decline in crypto prices and think gambling is a hobby that cannot be stopped by something like this will keep playing, or they just switch the deposit money with fiat and play in fiat casinos, and this can only be done by whales who always have huge fund who can easily change their habits in making deposits from crypto to fiat and vice versa.

But lucky for us who use stablecoins because we are not too bothered by crypto price fluctuations that occur in the market, we can still play gambling casually. But if we use coins like bitcoin or even altcoins, of course, it will make us a little uncomfortable because of crypto fluctuations or the decline in bitcoin or altcoins, which means we have to deposit more bitcoins or altcoins to reach the minimum deposit set by the casino. Maybe gamblers who use crypto are also thinking of sticking with stablecoins that do not change in value.

yes, could be
but a good practice is to separate gambling funds from investment money
that way you don't blow up your account on an emotional moment

when it comes to money it's better to use the head than the heart

This is really important and it is something I have read in many books about poker, the money that you use for gambling needs to be separated from the rest of your money that you use for your daily needs or for investment.

And the reasoning is really simple, as we know even if you have good self-control you may lose it once in a while when you gamble and bust your account, however if you keep your accounts separated you will only lose your gambling money while the rest of your money is safe, but if you do not make this distinction then you could literally lose everything you have to your name just because you were unable to control yourself during a short period of time and obviously that is not good.

Isn't it obvious it is going to have an impact on the gamblers? Those who hold bitcoins and sometimes gamble with their bitcoins are now going to gamble less because the value fell which means they will have to gamble "more" of their coins which might make them lose more coins, hence less likely to gamble more and wait for the market to recover. They literally have less money to gamble with than before. On other hand, those who just invested during the dip might want to gamble more, for the exact opposite reason. They won't be losing much in value, but if they win, they will be winning more coins and if they hold their coins for long term, they are making some good profit.

I guess it all depends on how gamblers store their money that’s to be used for gambling purposes or where they pull it from. I personally will gamble less if the price of bitcoin is down as I simply don’t want as much money at risk. In times of a bull market, I’m willing to shell out a little more. So I think it does make a difference for many.

Some casinos might have the ability to place bets on Bitcoin directly, not in fiat.

In those cases I think it won't matter too much if the price of Bitcoin changes, because the actual number they bet would be the same. It's just the purchasing power of the bet that changes.

But yes, some casinos use the fiat value to gamble, so in those cases it will make a difference, specially if there's a minimum bet

I don't think that's the case for the casinos who have a direct betting with Bitcoin or other altcoins and has the betting limit set in Bitcoin value.
Since you're actually betting on Bitcoin which also means you will win a percentage in Bitcoin as well not in dollars. So, regardless of how much the Btc price is, still it doesn't matter coz again you are betting with Bitcoin.

I do not know what I will think if I have some amount of money in bitcoin on a gambling site and all of a sudden, the price of bitcoin falled from $48000 to $20000 which is more than 50% loss. Yes I agree that a gambler betting with bitcoin is betting with bitcoin and 1BTC equals to 1 BTC, but people will always think about this as they passively lose money. I do not just bet with bitcoin, I do that after significant bear market, when I know that bull market will be certain than further bear market.

Yeah, betting in bitcoin or some altcoin with a previously set limit doesn't matter so long as the limit isn't adjusted but, it becomes of a different story when it's in dollar. As you've got to stake a dollar equivalent of what is the set limit and a s such, your bound to spend more bitcoin or its altcoin equivalent in a bear market than in a bull market as, the scale of the lose would be fully made manifest. Both in funding, staking and withdrawals. When it comes to staking in bitcoin, it might be for the withdrawals as wins doesn't feel so weighty but in the end, gamblers would continue to gamble.

in the end it'll only matter if/when you end up converting btc back to fiat, or fiat to btc
most of the people still have to buy or earn fiat at some point to pay their living expenses and stuff

It doesn't really make much of a difference to me because 1000 satoshis at the price of $60k is still 1000 satoshis whatever the price is.
I can play 10 bets with 100 satoshis in both the cases. It's just a matter of how you look at it in my opinion.
One can look at the dollar value can compare the volatile price while the other can look at the number of coins instead and stay calm because the number of coins won't change.

Bitcoin isnt everything but i cant blame out on why people are really that interested that much with it because it could really give out that opportunity and benefits which fiat cant able to provide or give it out thats

why people are really interested on it and put up much support on it because we've seen its potential and chances on making profits too but we cant just avoid nor deny the fact that we do still ending up on
needing fiat thats why certain actions would be always correlated and connected to it because we do aim for accumulating more cash.

Spending whether fiat or crypto it would always matter as long it does have value and losing it would really be giving such impact.

When we look at this from a logical point of view it affects gamblers of course. Because if they want to make some money and convert it to fiat money again then a dump in the market would be frustrating. However there are some people also who just like to gamble with cryptocurrencies without looking at the movements in the market much. These people might be aiming to reach a certain amount of that cryptocurrency by gambling and even to HODL that amount until some point. I don't know how many people do this in the world now but this is another interesting way of getting away from being sad about a dump. Because you are already not aiming to withdraw your funds until it increases its value to a specific level.

But you buy bitcoins using your fiat currency. It somewhat matters during the conversion. Your $20 today may be worth 10k satoshis, but the next week it may be worth more or less, and that definitely impacts your gambling habits if you are on a fixed budget just like me. Personally, I enjoyed when bitcoin was tanking because I only have a $20 set price to gamble each week, but now that bitcoin is slowly rebounding, the number of games that I may have on the casino will diminish that's for sure since it decreases the amount of satoshis that I gain for $20 as price goes up.

I think we are talking here about crypto gambling, not fiat (my thoughts), so let me quota myself from another thread


Bolded the most important part. So yeah, crypto dump DOES affect CRYPTO gambling. For example, I'm playing only with money I get from signature campaign. Bitcoin dumping - I'm turning into accumulationg mode, and don't want to lose a lot of cheap btc.

Honestly everyone is effected with this dump. Gamblers when they lose money in savings go to gambling to try and get that money back and can end up losing it so this dump can have a really bad effect on all gamblers . I think its a difference between fiat and crypto gambling

It matters, if the price dropped significantly, gamblers that use unstable coins to gamble will think of it. That is why I like the crypto casinos and other crypto gambling sites, they have more options for both coins that are not stable and stable. So individual can choose the one they prefer. I prefer to use stable coins to gamble while I prefer to be keep unstable coins on noncustodial wallet, especially during bull market. But I can as well gamble with unstable coins like bitcoin during bull market, but not during bear market.

 ;D ;D I can't disagree with that from your perspective. But at the same time, does the amount of bets decrease?
I think even if it does the number of bets decreased will be far too low than to make a substantial impact.
I am saying this because most of the gambling sites allows us to make lower denomination bets.
So I think we are good as far as the amount of bets are atmost same.

It seems to me that if a person wants to increase the amount of his fiat money through gambling, then he initially uses fiat substitutes - stablecoins. If he is trying to increase the amount of his fiat money by investing in cryptocurrencies, then most likely he understands the risk and if a collapse occurs, he continues to hold the cryptocurrency in anticipation of a bull market. And in this case, he may be gambling or not, but subconsciously he values his cryptocurrency not at the current rate, but at the one he expects in the future.

if you use btc, I think it has a very big impact on spending, especially at this time bitcoin is experiencing a decline, and of course those who use bitcoin need twice as much for their capital, the impact caused is a decrease in gambling that uses btc and they return to fiat/stablecoin as an alternative or can be said to minimize loss if later btc returns to 40k $

i think it's easier for people on countries with more corrupted systems and weaker fiat currencies to understand the importance of bitcoin and crypto in general
as a different possibility, a new system

When using a coin value that has a high selling price, it can have an impact on psychology when you lose or win, therefore it is better to gamble using altcoins that have a low exchange rate so that when you lose you stay calm because the exchange rate is not expensive and I I think there are many gambling places that provide altcoin options as an alternative to digital currency used to gamble.

But on the other hand, you will also have low winnings in return since your bet is not that high.

Just a waste of time gambling if after spending a long time, we are just playing on a small stake. We should make our gambling session worth our time. It's not that we need to bet high but we should bet on a fair amount to somehow expect fair winnings too.

No need also to bet based on crypto-values if you care about its fiat exchange rate. To control the amount you want to bet or you want a specific bet based on the fiat rate, most sites now have an option to view your crypto-balance in fiat value and place a bet with that instead.

Doesnt matter if value would be high or not because on the moment you've been using the coin you had deposited then the value would be just the same or the amount of coins
you would be using.The thing on here is that you do know on what you should gonna use whether a coin does have a big potential or a coin which are really good to be used on gambling (memecoins).
Whenever you do tend to play gambling then you wont really be minding on how much you would gonna spend or simply talks about investment because you would basically be
spending instead so it wont really be that an issue.

You have to balance your budget and I get your point about not to waste your time if you really have a good amount of spare

to play and bet with, maybe more on how a gambler takes his responsibilities, if he knows how to control well and how to value
his initial capital, he will try to convert his coin to fiat and sets his targets.

It's still a debate in terms of devaluating and how the market moves each time you send your money inside the house.

I can see how some gamblers will prefer to manage bankroll in only one currency, either bitcoin (or other crypto) or usd/fiat
if you're double-managing you have to be aware of your bankroll and gambling results and also keep up with the market for bitcoin flutuations in dollar price
definitely harder

what do you all think?

From what I know, until now bitcoin has never lost its value up to 50% in just one day. it's true as a gambler if placing a bet with bitcoin will have a direct impact on the value of the win or loss we get, but a gambler should be used to that kind of thing.

Indirectly and unconsciously the price decline will always affect, but in gambling with those who continue to bet then they will not really mind it. It's a different story if you save money in an existing casino and or gambling platform, then you will realize that you have lost even though you don't make a bet. But if you then use the money for betting, then you will no longer care about the falling price. Regardless of the result, you lose or win, because you can put that money back and hope the bitcoin price will rise.

For a gambler which just enjoys the games and obtains some entertainment out of them then there is not much of a problem with the price going down after they made their deposit and they may just adjust their bet size down to compensate.

However a gambler with some self-control issues may find themselves thinking about recovering the money they have lost and may think of using gambling for their purposes, but as we know that is not really a good idea as gambling with the desire to obtain profits has the tendency to produce the opposite results.

the same way as revenge trading, revenge gambling is probably also a thing
neurotransmitters triggering in a way that when you lose you get hooked by the possibility of winning afterwards
always a good idea to watch our thoughts and habits.

Although there is an advantage in this, if a person decides to play a lot in terms of sats and manages to accumulate many winning it is likely that he will reach a respectable amount and this over time will become a small amount of money, for example I like it a lot play at freebitco,in and we know very well that when we bet sats on the multiplier we can have a good streak and get a good amount, this does not limit the level that we have in terms of fiat money, the person only seeks to have sats, at Just like those who trade on Bitmex, they only seek to make as many satoshis as possible, so if you see it this way it makes very good sense that when BTC rises in price you have a considerable amount of money.

I wouldn't bother about the dump if I know there's a likely chance my bet will be successful. Many gamblers have same mindset. Although I believe the dump may influence the count of what and which teams one would bet on.

interesting, so you think bitcoin price would affect where and how people would bet?
what makes you think that?

just curious about it
I'd say that bitcoin price could affect how people behave regarding the currency they choose to keep or bet with, but would guess it would affect betting behavior (like chosing more or less aggressive bets, so forth and so on)

It could really work but if you do only mind about investment because not all would really be minding about their gains or coins that they had able to win in gambling because they are already ready on losing those in the

first place but since we do have different insights and views then it would really vary but most of the time, we dont really care which we do play for entertainment and winning money will be just a bonus.

Its a personal kind of reaction on what are the views of people whenever there's a declining market which could mainly affect all peoples portfolio in overall scale.

its never happen although in craziest market , bitcoin maximum crash percentages maybe only 8%, but for continuesly in several days it has probability if any bad fundamental news released. Bitcoin price should be good object to gambling due its volatility each day. Alot gamblers will like this kind games.

This is why casinos with bitcoin deposits will always be huge merit for gambling casinos, players will play games and wager bitcoin now that the price is low and when they lose their bitcoin, the casino gains an equivalent amount of USD in bitcoin, and they continue to keep this bitcoin in their collects until the price goes up before they sell and usually, they always make 3x of that value, this is why gambling is profitable enterprise when players continue to lose, On the other hand, when the player wins on any casino, withdrawing bitcoin is the best approach to get more bitcoin.

The above user was talking about a decrease in the number of gamblers that use Bitcoin to play in casinos which is normal if the Bitcoin was bought at a high price and the market has dumped in price before the BTC holder wants to gamble


It does not always work like this because gambling also needs to pay some huge winning at some point and also pay their staff.


Yes, sometimes that's the case but that's not the only reason why the casino is profitable because the chance of the house always winning has made it profitable right from the beginning.
Having said that, casino Roobet usually convert deposit into USD which mean they can also lose some 3x if the market dump after a user deposit BTC.

Actually if you are a gambler the value of crypto to you is like doesn't affect much you very because in gambling you can win more like 2x or 3x, And imagine you win that and weeks later the value pumps there's nothing wholesome with that right ?

You are right indeed, gambler are focus more on their gains and not in the value of the bitcoin. And also just to add there are game streamers right now who play gambling the most famous one is XQZ.

If gamblers have their money in the fiat form and it will not give impact.  If they are holding their crypto in their gambling wallet and this will actually give a very big impact to gamblers. Their money have been decreasing a lot. They need to deposit more funds to increase their fund again.
Gamblers are always betting with low amounts of money. This will not give impact to the gamblers. I shall remind you that if gamblers may always directly depositing and then withdrawing their money once they have finished to gamble.

A gambler will not think about market conditions, especially if the market is experiencing a deep downturn.
They will continue to gamble and spend more money just to satisfy their desire to gamble.
But we must not follow their way because it will only make us lose.
Maybe we should pause for a moment if the market goes down because that means if we keep using bitcoin to gamble, we should use more satoshi and I don't think that's a good decision.

In truth, aside from what was said, other gamblers are bitcoin holders, even though the price of bitcoin is down at the moment, there are still others who still use BTC to bet on games, especially if they know that they will win. He will always accumulate bitcoin and it will be in his favor as a holder. But of course if you are just a typical crypto gambler, and he wants to stay in the game for a long time and he also wants to get lucky, he will choose another crypto to use such as dogecoin or TRX not bitcoin.

Meanwhile, if there is any gambler who doesn't care about the falling value of bitcoin in the market, I am sure that this kind of gambler is a gambling addict. The only thing they think about is gambling and gambling and always thinking about making a lot of money because they always rely on luck...

It seems to me that a gambler has nothing to do with his bitcoin market rise. If he is betting by converting to dollars then I think his assets are sometimes dumping the market There will be no effect. But this is completely opposite when you consider the case of an investor and trader. Their investment depends entirely on market conditions.

If the gambling sites depend on the value of the cryptocurrency then, it has a big impact on gamblers. But, I think that gambling sites use cryptocurrency which is not converted to USD since we all know that market is very volatile it can go up and down.

Gamblers tend to be traders and investors too and with the dump they must surely has affected on it if we say about the USD balance is concerns in conversion. Correct me if I'm wrong but most gamblers who really knows cryptocurrency aren't only for gambling but I'm pretty sure they are investors too.

If the gambler has placed his bet in bitcoin or ethereum after the market has moved up or down or the market has changed.Gambler's Bitcoin will change. Stablecoins can also be bet directly on many betting sites.

yes, I think the most likely outcome is that gamblers will ignore market conditions
but you are right, for those who care about crypto as an investment that is not the most wise decision.

each decision has its tradeoffs.

Trading and gambling are two different things and I think traders are more affected by dumps because they focus on the value of crypto while gamblers just bet and enjoy playing regardless of the market situation. As for me, the market condition and the value of crypto don't affect gamblers that focus more on playing and gambling unless they're reinvesting and trading their earned profits later on.

The trader is more affected by the bitcoin price fluctuations as they have running trades and they make money on this bitcoin pump and dump. Future trading is one example where people either lose money or gain money if they are correctly able to predict the bitcoin's next movement.
Gamblers do not care much about the bitcoin dump as their winning and losing do not depend upon the bitcoin price movement. However, their portfolio and savings will decrease in a dump if calculated in dollar value.

If the gambler is betting with cryptocurrency that dumps and pumps like Ethereum then obviously I think that his gamblers nature will make him feel as if he is in a bad trade. At that point he might trade his coin for a stablecoin. But thats a mistake that people make without knowing whether or not their crypto will go up or down again. An if it goes up instead of down the gambler will have made a loss on his holdings.

So I think its best to either bet with stablecoins or not trade back and forth if the market isnt looking good.

Trading and Gambling is totally different things. when someone start gambling must of the gamblers use there fiat money for gamble on the real offline casino. But then they comes on online casino then they buy btc or others currency instant by fiat money and deposit there money on Casino platform. So i don’t think if btc price dump it can impact on gamblers

I think that the bitcoin dump, if it has an impact on gambling players, is only positive, since it becomes more accessible for purchase and therefore the number of players using bitcoin in online casinos may grow.

But this is only if you have not bought bitcoin before on the pump, here of course there may be a temptation to win back, bearing in mind how much you spent on this fiat, and here you can already lose too carried away.

Not really necessary to bet on stablecoins just to think that spending top coins is kind of a waste. Remember that in some gambling sites, there's a feature where bettors can place a bet on its Fiat value to still control the bet on their preferred fiat currency value while using cryptos.

But either way, I think that's not really a big deal for gamblers. If that so, we should see a declined in numbers of gamblers during the bear market but still, the crypto-gambling is alive and kicking regardless of the market trend.  

It's because gambling is gambling and crypto-gamblers will just gamble for their usual purposes. Simple as that.

some gambling sites also give you the choice of whether to use stablecoins or use the gambling coins themselves. But most gamblers choose to use gambling coins because they provide many bonuses and price fluctuations that will be profitable if the market starts to go bullish.

crypto gamblers also aim for profit, so instead of using stablecoins with constant fluctuations, it is better to use real coins from gambling, so that when betting and winning the coins will increase and the value will also increase when the coin price goes up.

someone who is a heavy gambler will definitely not mind the price of bitcoin even if it drops because in his mind only how to multiply his money, it is very different from traders who think bitcoin only based on fiat value. so in my opinion, the falling bitcoin price has no impact on the decisions that a gambler will take.

Why wouldn't they mind considering that they are big investor, it is not as if they don't mind if bitcoin reduce the value of their USD when there is a dump but it is painful when there is a pump and you don't have your deposit in bitcoin, you will always have bitcoin with more value. This is why it is very important to purchase your bitcoin when the price is low and use them to bet when you need them and not when the price is already at an all-time high.

Only if that gambler is desperate on taking back his losses. But someone who's still aware of the market situation won't allow himself to do it. The discipline might be gone but when he's eager to have that investment he's holding, the price will make him remember to have a limitation.
But in some circumstances, you're right that a heavy gambler won't think about the price of bitcoin when he's too emotional.

In my part which my gambling funds is totally different from my investment which it is already that allocated but not really that too much yet we know that gambling could really cause too much losses.
Some might be that mindful about market movement and would really be that keen on using some of their coins but since mostly been using btc then we do cherish it much when it comes to its value.
I could say that it wont really be giving much impact since gamblers are prepared on what they would potentially lost whenever they do touch up gambling space.

I think that you misunderstood about that. It's not about trading or gambling. The fact that some gamblers may still leave their cryto in their accounts, that means if there would be a huge dump that happened with crypto and these gamblers who are still storing their crypto in their gambling accounts will be affected due to the volatility in the crypto market. It's very easy to understand that if this is not about the comparison between gambling and trading. You must know the differences.
This is about possible thing for dump to affect gamblers.

If we use the crypto that is in our wallet to gamble, it will have an impact on the gambler if the market dumps. But because I always separate
the funds for gambling, and in contrast to the funds for investment/trading, so I feel the decline in the crypto market has no impact when
gambling for me. Because what is in my wallet is not meant to be used for gambling, so when going to gamble I will usually buy BTC or altcoins
instantly as you said. Therefore, if Bitcoin to fall to the price of $10k, I will still gamble and will not reduce the capital I allocated for gambling.
Seems like most gamblers do what I do too, then we can check that the number of people gambling does not decrease significantly when
Bitcoin dumps.

I think that even in those circumstances gamblers with some compulsion issues will still care about the dump that is happening, because if they made a bet and they won they will realize they are not winning as much money as they could have won before the dump, so in order to compensate for this fact they will increase their bet size or to gamble for longer, which over the long term will only increase the chances to lose more money against the casino and this will make their compulsion even worse.

I think that much more on the personality. Remember that some gamblers used USD of fiat money to bet but others may used crypto to bet in the betting platform. You can't deny the fact that if gamblers itself who will be determining which value that will be used to gamble whether it will peg with fiar or crypto. In this case the site can't be blamed once crypto gamblers loosing their money

Those who are usually use crypto gambling site definitely realize the issue. There are some gamblers prefer to use stable coins and some other gambling on Bitcoin or Altcoins. To avoid the volatility of this cryptocurrency, gamblers must stabilize their assets or gamble with little risk. I think generally gamblers are ignore the normal volatility to continuing gambling with out any interruption.

For those like you, you won't feel the impact of it if you've decided to use those bitcoins that should be for holding. Emotions will push you to use it despite that you don't really have to but because of the situation, you're in that many losses.
You only have a few things wanting to do and that's to spend you have left on your holdings because there's no other fund you shall be getting it for you to continue and try to take back your losses.

Most of the time, Gamblers that still using Bitcoin and other altcoins instead of stablecoins during bear market are those using there investment on gambling. They don’t want to loss there position on the coins they are holding and at the same time they are risking there coins on gambling for a chance to increase there holdings. Whales that use Bitcoin all the time on gambling choose it as there investment that’s why they don’t to convert on stablecoin and missed out the price pump while there funds is still on gambling wallet.

In general, crypto gamblers who often gamble will ignore the volatility in the market because they find their world in gambling. But crypto gamblers who rarely gamble will think about market volatility and wait for the market to stabilize before depositing their coins on casino sites. But gamblers will know what to do if the market is stable or not and will choose what they feel comfortable with. So it will be up to the individual gambler to solve the volatility issue and act based on what they think is good for them.

I think so. The gambling site will be using fiat value of crypto but i think that it will always give direct impact to the gamblers. The dump was also giving very very big impact in context we are talking about crypto gamblers but i think that those gamblers are always gambling their money directly to the platform rather than keeping their money in the gambling site.

There are times that the gambler will care about the dumping that is happening or will be conscious enough if there will be soon while they are gambling because they could really lose some money along the way if they don't do something about it, they will adjust as they cannot really avoid that. Some are also using different type of crypto currency that is not so volatile unlike bitcoin and other leading altcoins, either way, it's a matter of perspective by the gambler because we have our own reasons why we chose some certain crypto for gambling.

If they are not a trader yes it won't have an impact to them but I think there are people who do both activities. They trade to earn and then they do gamble for fun but on top of that, they are still careful. In offline casinos yes, fiat money is the one that we will be using but I heard some real life casinos now allows cryptos. If crypto ATMs are possible then why not those machines? It can come handy because we might run out of physical cash.

For online casinos, it's also possible to use digital fiat other than cryptos but that is if you don't care about your privacy and you won't mind being tax wherever you make a win. Another thing that can discourage users is the games. We still have better games here in a crypto casino.

you are right
the point is regardless if the person is gambling for fun or as a "profession" they'll have to decide if they want to hold btc or usd after gambling
it's not the simplest decision depending on where you are gambling too
many things to consider

Every gambler has different reasons for keeping balances in BTC or USD, but in the category of crypto gamblers will choose BTC regardless of the market price, but some want USD because they don't want the value to decrease when the crypto market declines. But it all depends on individual decisions and more gamblers still hold BTC because it is not for investment so it is not affected by the market price.

Of course price will always have an impact on how crypto products are used and in this sense gambling is likely to increase as quantity of coins increases thanks to the buying power of fiat chasing the dumped value of coins increases ...but then again this could be a 50-50 thing as new players could get in or the same traffic that was there when coins were expensive could continue, hence no change but ultimately more people would gamble as a result of the drop in price.

What's there to discuss? One bitcoin is one bitcoin.

If you gamble with fiat money and use bitcoin just to avoid government bans or reach sites that aren't available with fiat, price won't matter to you. You always cash out your BTC earnings and turn them into fiat when you're done and you buy it with fiat every time you go to a casino - you're unaffected.

If you're a bitcoin holder who wants to spend some of your stash in a casino, you'll also be unaffected because if bitcoin is worth half of what it used to be, you can bet twice more, keeping the bet at the same level as it used to be in fiat terms. If you bet $10 in BTC and double it, you'll have $20 in Bitcoin. It's that simple.

Fact!

You would really be still converting from fiat to btc and btc to fiat and this is where people do really usually do in the end of the day thats why i dont see a point on why making out some argumentation if market dumps

do really give out some impact on gamblers.Come to think that they are playing and they are willing to lose money and they wont really be minding on what the market condition would be.

Dumps are common and if you are really that mindful about investment then you wouldnt really be minding about that matter.

That should be the common approach by most gamblers as in the first place, "gamblers are gamblers" regardless if they are betting using fiat or crypto.

If bitcoin dump has an impact on gamblers, there should be a big concern about that since then as we already experienced lots of bitcoin dump in the process but there's not. Nothing really difference when a gambler converts fiat to bitcoin to be used on crypto-gambling sites.

It's just the same as the usual purpose that most people do when they convert bitcoin to fiat or vice-versa.

Just think that we have experienced countless dumps in this market, and yet, the gambling business is still alive and surviving.
It is actually one of the businesses that continues to survive despite of the various crises that we have encountered throughout the years.
So these dumps, are not to be worried when it comes to gambling, gamblers will always find their way in into this industry.

When you are that impulsive then your investment or something been saved will really be in great risk or trouble on being spent which it would really be a good indication that you should stop gambling.
before its too late but if you do know that you are really having that good control of yourself when it comes to fund handling then i dont really see any problems with that.
Investment is totally separated on the thing you've been dealing with gambling which those funds shouldnt really be spent on the first place if you are really that too emotional.
Dont play if you do easily snip up those investments whenever you are in a loss.

Maybe many people who will gamble are already used to gambling so they don't think about the price declines that occur in the market.
Well, they do what they want and continue to gamble in all sorts of situations and are unaffected by it.
But not all gamblers will be willing to continue gambling because if they use gambling as entertainment, they will probably stop when the price drops.
But whatever it is, we'd better focus on buying potential coins and not use them for gambling because it will be able to benefit us later.

It's quite rare to see those gamblers that will admit that they're no longer in control. They'll tell that everything's under control despite that they're already totally devastated by their addiction and that's why even their investments, all of it are being spent so it won't matter to them the usage of it whether bitcoin pumps or dumps. But I do recognize that there are gamblers that no doubt are in control of what they do.

That is one of the main reasons why the crypto market affects players, it could not have been said better, more when players bet with BTC, it is necessary to emphasize that the big players bet big and have the ability to support their movements, but those who are not big but make small bets have a hard time recovering, however I think that when the market goes down, it is most likely and I think that what most players do is bet what they have in altcoin, perhaps if they increase their altcoins it can improve their situation as far as what is lost in value is a risk that many take. However, something similar has been discussed in another thread that has to do with LN, which for me makes a lot of sense when you take into account the BTC.



The truth is that in those cases where a player affirms these things, I consider it dangerous, because he can deceive others, but in the same way he deceives himself, this is something that I do not see well, because a person must accept his condition, if he is addicted so that he can receive help, I know it can cause you shame, but it is better to do it that way, because otherwise you will stop having friends and your family environment will also be affected, these are things that a player or a person who is at risk must accept, of course everything is also in the personality of each player, and the way they attack those problems, it's all about seeing and knowing the details, and sometimes it influences how they should let others know, not everyone has the same understanding of a problem.

That is why we rarely see most gamblers telling us that they're in the right condition or the actual condition of being in control. Because as you observe those that are actually who have lost already, they're the ones that will tell good things about themselves but trying to avoid the conversation that they're no longer okay. They can't control themselves anymore and they're hyper and hyping themselves just for them to put the conversation into other topic and not focusing on them.

Many gamblers try to hide the real conditions of the losses, but we will eventually find out after we observe his awkward and uninspired behavior. But we shouldn't pressure him to question his condition because he's trying to recover from gambling losses, it's better to invite him to relax in a cafe or other place to relieve stress.

This is the right time for the gambling sites to make good profit, because most of the gamblers doesn't change the gambling process. Some might change from usage in terms of USD, whereas the usage in terms of bitcoin still continues. This makes the spending to be high as the price of bitcoin is low. So, from an user perspective he/she losses small and the truth is different.

It is because of this that the first thing that has to be done when it comes to dealing with an addiction is to recognize the you have an addiction, otherwise there is no way to help that person because they are always going to come up with excuses to justify their behavior and somehow try to make it seem rational, but as you say for the people that are not addicted to gambling their behavior is very telling and we can see that they are not in control regardless of their claims, but unfortunately we cannot do anything to help those people until they are willing to help themselves.

It's better to tell the actual situation to know if he needs more emotional help. They tend to hide it but the real thing is that they need help from someone but they are shy to tell it because they will be judged as they thought.

Yes, they're the only one that has to work on it so that they'll overcome it. The sad situation for these gamblers is that because of their intensive addiction, like looking in the market is no longer important to them even a huge chunk of their bitcoin investment, they're spending it.

I agree, but the way to never force him to tell his gambling defeat, we can divert the conversation as if we have also experienced a high loss and are willing to accept someone's motivation not to repeat the same thing in the future, so that way is more effective to make he is open to talk about the details of his losses.

It will depend on your technique on how good you are as a conversationalist, you can convey topics that you can base on how you talk but not everyone can do it because not all of us can divert the topic into telling others their real struggle, especially in gambling.
There is the type of people that won't be open in telling their struggles so does the impact of the market not just on their own portfolios like bitcoin and as well as gambling.

on point

that's why I'd love to have a website where we can see gambling volumes on the main casino websites for crypto

think token terminal (https://tokenterminal.com/) or defipulse  (https://defipulse.com/defi-list/)but for gambling

would be quite interesting.

Wont really be that much relevance if we do talk about gambling platforms if you do compare on market price conditions then it would really be that important but its not necessary for such industry like this.

Impact of market prices wont really be that an issue for most gamblers and as been said this is really just the same when you do make out some conversions from crypto to fiat.
You wont really be minding about these stuffs because you would really be minding on how you should play and how much you would be spending or nothing at all.
Gamblers wont mind about investment and just purely thinking about spending.

Yes, that's the perspective of gamblers that don't really look at the current price of bitcoin but will just keep on doing what they've been doing all of this time.
The losses that will be in bitcoin, they'll think that it can also be recovered anyway no matter what happens in the form of bitcoin too so, the dump won't be a big matter to them. Otherwise, we all think the same about how we should act on when the price of bitcoin is lower.

If the bets are in Bitcoin, I would guess that more people will bet, because it's cheaper to do so.

But I'm not sure if the casinos would increase their minimum bets if Bitcoin price goes too low.

If minimum bet peg with fiat value and then no reason for the site to didn't increase its minimum bet. I meant the site was also trying to update the price of bitcoin anytime. Mostly of sites were using fiat value even though they have been accepting so many crypto.
Another coin was also being so cheap to do so. Let's say when bitcoin goes to the 10k. No choice for the sites if it was using fiat value but if it was calculating based on the bitcoin and then there should not be increase in the minimum bet.

Of course when Bitcoin gets dumped there will be a bad or other effect for a gambler. Because when a gambler bets with Bitcoin, his bets will definitely be affected by the Bitcoin market dumping. But when a gambler bets with stable coins, the dumping of bitcoins has no effect on his bets.

Players used to change the betting pattern depending upon the market situation. Today the market have experienced a massive dump in the price.

Does this made any impact over the gamblers?
No, because majority of the gamblers who spend in stable coins will be continuing it whereas the person who spend in terms of bitcoin will be spending low when calculated in terms of USD. Only thing if the gambler cashout his winning there will be impact, until then dump doesn't affect gamblers.

It may encourage more people to buy BTC if it is needed for betting. In general it might be seen as a good opportunity to buy and start betting. Otherwise, if you had BTC (or other coins) bought in the past, even if you have quite good results (profits), probably it would be still not enough to cover the price change.

The main subject matter here are those gambler using Bitcoin and other altcoins except stablecoins because it’s obviously excluded on this topic. Besides that, Do you have any proof that the majority of gamblers are using stablecoin when gambling?

Most of the whale gamblers really don’t mind if the price is dumping because they are betting in huge amount so a small amount of percentage decrease don’t bother them since they are already exposed on huge profit or lose.

I'm not quite sure about your opinion, I think it will encourage people to hold for long term, not for betting. Most people doesn't really care with the price change, they're calculate their profit based on Bitcoin equivalent, not in USD equivalent. They will confused to count how much they're already wagered and when they should stop, converting to stable coin every day also doesn't worth it.

That's what I wanted to say - they will not sell their BTC to FIAT, even after significant win, because at the end the FIAT amount they get might be disappointing. So maybe it may have exactly the effect you mentioned - more people will hold BTC on their casino accounts. It might be different with stablecoins, but talking about "pure" crypto coins the current price does not encourage selling.

people didn't care anymore about the price of crypto when they wanna play. I meant if they only having intention to hodl their money for long term and why do they need to send it to the site? that sounds a non sense thing. They were calculating it based on the bitcoin but they were also using USD as a way to calculate their assets too. People have two choices calculate it based on the crypto or USD

If I am one of the Bitcoin fanatic or Holder, of course there is an impact. If the price got dumped, I would rather to use Bitcoin in any of the games in the gambling site, whether it is slots games, dice, crash, poker and more as long as I have a chance to earn Bitcoin, because once there is a big accumulation I did, in short there is also a big profit I could get when the bitcoin bull run will be happen in the market.

It won't really matter as we are using BTC for betting unlike if we use it to convert our BTC to fiat money. Because gamblers will continue to gamble despite the bear situation of the market. But those who are very concerned about the price and consider Bitcoin as an investment, certainly make preferred to hold and minimize their bettings rather than spending a lot of time gambling. This is really all about how the individuals think about Bitcoin whether it was an investment or as a currency used for gambling, and the impact on their life is quite different.

Indeed there will be opportunities to get big profits from using bitcoin, i.e. when you can win a lot of satoshi and when the price of those bitcoins rises high so you will get big profits. But keep in mind that when the price of bitcoin goes down, it means the fiat balance in your account also decreases and when you gamble with bitcoin, you also put up more satoshi to gamble. But as a holder, of course, it's not a problem because a holder must have more bitcoins than other gamblers.