Does bitcoin's price volatility affect your gambling habits?

[Oilacris]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.

Not on most cases because there are still some gamblers who dont actually care at all on their bitcoin to be spend on playing gambling and basing on its value it automatically adjusted on fiat value which means it doesnt generally affect on how we do gamble since we can anytime make basis on the amount based on fiat but if we do talk into other thing like valuing your bitcoins then it would be an another story.

[Arthoerra]

Certain. Now, my basebet lowered since bitcoin value shot high. Because, my goal to gambling bitcoin is to get extra cents.

[emberbekas]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.

Not on most cases because there are still some gamblers who dont actually care at all on their bitcoin to be spend on playing gambling and basing on its value it automatically adjusted on fiat value which means it doesnt generally affect on how we do gamble since we can anytime make basis on the amount based on fiat but if we do talk into other thing like valuing your bitcoins then it would be an another story.

Yep, maybe true gamblers won't bother too much with the price changing. All they know is just gambling and gambling. But for most  users who do gambling just an alternative way to collect bitcoin, I am sure they will adjust their gambling behaviour to reflect the price increase or even uses other altcoins to fulfill their habits.

[joebrook]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.

I will not be surprised at all, that's why a lot of these cryptocurrency based gambling websites have now started accepting altcoins on their websites now, if not they were going to lose their markets to those who accepted them. But to those who are seriously addicted, they wouldn't even care one bit whether its low or high as long as they are gambling.

[Kotone]

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

In some ways it affects on how we approach the game if the bitcoin value is lower some tend to play it more aggresively or sometimes safe because they want to keep their coins while if it is higher all risks are much higher and that is accounted for

[nightways]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

Since btc is too expensive to spend now, i usually bet before in btc value, but now before I put bet i tried to calculate if ever converted in our fiat value, seeing how much I bet before by just picking in btc amount before, I can really say that everyone decrease their amount of bets now that btc is way too high.

I disagree with your statement that fluctuation in Bitcoin’s price affects ones gambling. Gambling is an addiction, haven’t you heard about that and once you start gambling, you don’t think about the rise and fall in the price of BTC’s because in coming years all the trading is going to be done in BTC’s which means that whatever happens, at the end the price of BTC’s is going to touch the top of market and then your btc’s earning during gambling will give you a lot of profit.

[Asmonist]

I think so. The limit depends on your decision how much to save or to bet. The low and high of bitcoin price does not really follow that when high price you will bet higher. Other wise, when the price is lower you will bet lower. Both situations have significance. I mean, when you bet at low meaning if you will loss it would lesser value. If you win at lower price it would be lesser value. So I guess its best to bet at high price to earn more the value. Its just simply winning at high price and loss at lower price.

[Ziskinberg]

I think so. The limit depends on your decision how much to save or to bet. The low and high of bitcoin price does not really follow that when high price you will bet higher. Other wise, when the price is lower you will bet lower. Both situations have significance. I mean, when you bet at low meaning if you will loss it would lesser value. If you win at lower price it would be lesser value. So I guess its best to bet at high price to earn more the value. Its just simply winning at high price and loss at lower price.

When we buy bitcoin we always consider the amount we are buying and of course we understand the price volatility so we should cash out very soon the moment we will win, that's what I really do when I was just a pure gambler because my interest in using bitcoin is just to use it as a payment system. Now, that I am also a trader, I just put a little amount to gamble because I believe I can make more profit by holding my precious bitcoin.

[BTC_Spin]

It depends on the final goal. But in normally you should lower your bets if bitcoin goes up just not to lose all of your earnings.

[btcprospecter]

If you are looking at the price conversion when gambling btc you will be more likely to change how much you are gambling. I'm sure 5 years plus ago people would not have thought twice about gambling full bitcoins.

[Oilacris]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.

Not on most cases because there are still some gamblers who dont actually care at all on their bitcoin to be spend on playing gambling and basing on its value it automatically adjusted on fiat value which means it doesnt generally affect on how we do gamble since we can anytime make basis on the amount based on fiat but if we do talk into other thing like valuing your bitcoins then it would be an another story.

Yep, maybe true gamblers won't bother too much with the price changing. All they know is just gambling and gambling. But for most  users who do gambling just an alternative way to collect bitcoin, I am sure they will adjust their gambling behaviour to reflect the price increase or even uses other altcoins to fulfill their habits.

If they do see much hassle on making bitcoin deposits because of confirmation matter then they would normally make use of altcoins which is really a good alternative and most gambling sites do have this option. They are clever enough to give easy ways on making a gambler could easily play on the site. Well done by most gambling sites do offer this.

[Cosbycoin]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.

Your thinking in my opinion is totally wrong. People will continue to gamble with Bitcoins because playing with bitcoins can make more profits than playing with some real cash. Also the price of bitcoins is fluctuating in market all the time.

People leave playing gambling with bitcoins when its price suddenly rises because no one is willing to lose his bitcoins because they are going to be very helpful as all the trading is going to be done with BTCs in future.

[BlockEye]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.

Your thinking in my opinion is totally wrong. People will continue to gamble with Bitcoins because playing with bitcoins can make more profits than playing with some real cash. Also the price of bitcoins is fluctuating in market all the time.

People leave playing gambling with bitcoins when its price suddenly rises because no one is willing to lose his bitcoins because they are going to be very helpful as all the trading is going to be done with BTCs in future.

It will not matter to those gamblers who are only into gambling, it will only affect those who just played gambling sometimes and do know how hard it is to earn bitcoin or those who are in trading, i tried to play with alt sometimes but the thrilled in playing in btc is really different somehow.

[richkellj]

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

In some ways it affects on how we approach the game if the bitcoin value is lower some tend to play it more aggresively or sometimes safe because they want to keep their coins while if it is higher all risks are much higher and that is accounted for

Bitcoins price fluctuation doesn’t stop gamblers from gambling because mostly gamblers like to play with some real cash so that they can get their reward of double amount at the spot.

Also these gambler think that online gambling is difficult or in natural type of thing in which they cannot express all of the skills they have got which totally makes them unaware about online gambling and BTCs are involved in online gambling so they don’t care about BTCs’ price.

[Teskje]

It don't effect much to my gambling habit otherwise it could simply effect to the amount of my base bet. I think i will decrease the basebet if the price is raising.

[poplolnman]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.

Your thinking in my opinion is totally wrong. People will continue to gamble with Bitcoins because playing with bitcoins can make more profits than playing with some real cash. Also the price of bitcoins is fluctuating in market all the time.

People leave playing gambling with bitcoins when its price suddenly rises because no one is willing to lose his bitcoins because they are going to be very helpful as all the trading is going to be done with BTCs in future.

It will not matter to those gamblers who are only into gambling, it will only affect those who just played gambling sometimes and do know how hard it is to earn bitcoin or those who are in trading, i tried to play with alt sometimes but the thrilled in playing in btc is really different somehow.

Yeah gamble with altcoins didn't as excited as when you gamble with bitcoin, the volatility in bitcoin often make you have a double benefits, when in altcoins sometimes you get a loss in value even you have won the game due its altcoins risk. But considering the high fee on bitcoin nowadays people would rethink to switch to altcoins for a while.

[Caladonian]

It don't effect much to my gambling habit otherwise it could simply effect to the amount of my base bet. I think i will decrease the basebet if the price is raising.

That's really the point when btc rise the actual base bet would be affected for those who care about their money, I think only heavy gamers and rich people who's not caring about money can continue playing using same base bet as they got a lots of money to consume while enjoying their habits.