Bitcoin Forum
June 14, 2024, 08:53:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Do you gamble less when the BTC price is going up so fast?  (Read 908 times)
maku
Legendary
*
Offline Offline

Activity: 1288
Merit: 1000



View Profile
June 20, 2016, 01:16:31 AM
 #21

Yeah but in general people relate how much they want to gamble in relation to fiat. If BTC was half our value, people would take bets twice as large. And vice versa.
Exactly this. In the long run we may play with less BTC but if FIAT value of our bets stayed the same, so I guess nothing is changed.
And I don't think it is that important for casinos, if they wish the might convert BTC to FIAT if they expect a market collapse anyway.
 
JasonXG
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


View Profile
June 20, 2016, 04:24:38 AM
 #22

Yeah but in general people relate how much they want to gamble in relation to fiat. If BTC was half our value, people would take bets twice as large. And vice versa.

I think most people forget about the exact fiat worth and just look at it as bitcoin and get accordingly. That doesn't mean that people go crazy. Like 0.10 is a nice amount of coin. You would not want to take such a high risk no matter botcoins fiat value.
ralle14
Legendary
*
Offline Offline

Activity: 3220
Merit: 1888


Shuffle.com


View Profile
June 20, 2016, 05:27:15 AM
 #23

Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?
I do gamble my bitcoins(dust amount) and take my chances in making some decent profit while the price is increasing. There's no point in holding if you only have small amount in your wallet.

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
DaddyMonsi
Legendary
*
Offline Offline

Activity: 1344
Merit: 1006


View Profile WWW
June 20, 2016, 05:31:01 AM
 #24

I still gamble regardless if Bitcoin climb up the charts or drops drastically. 1 BTC is 1 BTC, I don't mix my personal money with the money I earned or use for gambling. It's bad luck according to old customs and I don't think there's anything wrong to follow such custom. It's also my way of telling myself when to stop if I don't have enough funds for gambling.
Shinpako09
Legendary
*
Offline Offline

Activity: 2002
Merit: 1015


View Profile
June 20, 2016, 05:36:35 AM
 #25

Yes of course I do. Im taking advantage on the price as I would able to reach my max goal with a fewer amount of btc. Sometimes lessen my playing time makes  myself stop from being greedy.
fullypak
Legendary
*
Offline Offline

Activity: 1456
Merit: 1005



View Profile
June 20, 2016, 07:24:51 AM
 #26

Yes of course I do. Im taking advantage on the price as I would able to reach my max goal with a fewer amount of btc. Sometimes lessen my playing time makes  myself stop from being greedy.
yup i think all people are holding there Bitcoins because of this price increase only but this is actually good time to sell your coins i don't know how many days it will increase if it fall down suddenly means it's our huge loss so again it will take years to come up so i don't know others but i am selling my coins for better price now.
TheBitcoinStrip.com
Full Member
***
Offline Offline

Activity: 393
Merit: 107


View Profile WWW
June 20, 2016, 07:26:21 AM
 #27

I've noticed that gambling turnover always increases with the price spikes. People feel that they suddenly have more cash to spare.

https://thebitcoinstrip.com/primedice-stats.html

TheBitcoinStrip: Bitcoin casino reviews & some other decent Bitcoin-related guides.
bitgolden
Legendary
*
Offline Offline

Activity: 2842
Merit: 1130


Leading Crypto Sports Betting & Casino Platform


View Profile
June 21, 2016, 09:19:58 PM
 #28

Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?
It perhaps affect the foundation of a gambler with a second thought of holding instead of risking, if price of bitcoin is moving too fast. But it could also entertain them with such frenzy, be careful though.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!