Bitcoin price fluctuation

[bitjamz]

i do gambling affiliate and just now all my affiliates spend bitcoins like crazy  

[Pursuer]

How does bitcoin price fluctuation effects your gambling?
Can this fluctuation be considered as kind of gambling as well?

I cant say that the rises and falls of bitcoin price had any significant effect on my gamblings, because I do it with bitcoin I don't care that much about the price as long as it has not gone so far high that I don't want to lose even 1 satoshi I am good to gamble.

[fox19891989]

i do gambling affiliate and just now all my affiliates spend bitcoins like crazy  

Do you mean fortunejack on your signature or other sites? It seems that they spend bitcoin a lot and you earn more money from them, haha, congrats.

To OP:
How does bitcoin price fluctuation effects your gambling?
I don't buy bitcoin now and I still have some, I bet those 8 coins and that's enough for sports betting.

Can this fluctuation be considered as kind of gambling as well?
Yes, trading, speculating is also a kind of gambling as well.

[mrbigA]

Thanks for all the interesting, nice, and valid points.

[bitjamz]

i do gambling affiliate and just now all my affiliates spend bitcoins like crazy  

Do you mean fortunejack on your signature or other sites? It seems that they spend bitcoin a lot and you earn more money from them, haha, congrats.

To OP:
How does bitcoin price fluctuation effects your gambling?
I don't buy bitcoin now and I still have some, I bet those 8 coins and that's enough for sports betting.

Can this fluctuation be considered as kind of gambling as well?
Yes, trading, speculating is also a kind of gambling as well.

yes fortunejack and bitcasino.io 

[Zackgeno96]

Think about when I told to all my friends to buy bitcoins when they were worthless(50 dollars), nobody listened to me.
Oh...

haha, i laughed so dam hard at this, no but really i don't think the price of bitcoin at the moment has affected me in anyway
,if it has it's probably been for the better.   since im not losing as much $

[adaseb]

I am sure that when people gamble they simply gamble in terms of the US dollar. So if price fluctuates they take that into account. Just because someone was betting 1 BTC per roll back in 2013, doesn't mean they are betting 1 BTC per roll at the moment.

[zz11]

Thanks for all the interesting, nice, and valid points.

feel free to lock the thread up to avoid redundant answers 

[Shogen]

I don't know why, but to me, a rapid change in bitcoin price does affect my gambling desire and spending, but a gradual change does not. When I first learned about bitcoin and bitcoin gambling, it was 2 years ago and the bitcoin price was just above $100. Soon after, the price started to rise rapidly to $1000, and my weekly spending on gambling (in the unit of btc) lowered by ~50% I think. The price then crashed from $1000 to $500 to the current $225, but I haven't bet more since then.

[lottoitaliano]

in the last 3-4 month i bet only to dogecoin to directbet and later i have send a doge for confirm bet i think "i have bet 50.000 dogecoin or 6 euro" ? I see the cryptocurrency different to real money

[tsoPANos]

It affects my gambling in two ways.

When price falls
I try to gamble more as  there is a lower risk of losing money.


When price rises
I stop gambling and liquidate my btc.

It's like gambling your trading profits which is basically gambling itself!!

[n2004al]

How does bitcoin price fluctuation effects your gambling?
Can this fluctuation be considered as kind of gambling as well?

I think that the time of gambling is so short and in this way the fluctuation don't have the minimum of importance. If the gambling continue depends. If you win and price go high you will earn more. If the price go down you have earned less.

[Ogiman]

It affects my gambling in two ways.

When price falls
I try to gamble more as  there is a lower risk of losing money.


When price rises
I stop gambling and liquidate my btc.

It's like gambling your trading profits which is basically gambling itself!!

Well said. With this approach it feels like we are double gambling all the time. And it surely feels good for us gamblers.

Also, it feels a bit strange that some of you are not influenced by the huge changes of the Bitcoin value, than you could as well bet with the Monopoly money.

[FrueGreads]

I don't gamble with big stakes so it does not affect at all. I will just keep gathering btc if I'm doing well, and don't even think aboout the btc price, since I manage my bank according to the ammount of btc I have, and not what they are worth in $. Only when I consider to convert them to $ I consider the price, but I will do that either if the btc are from gambling or any other source, so it's not related to gambling itself.