Market down, Casino volume up.

[satscraper]

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

Why do you think this is happening?

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

[bakasabo]

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

Why do you think this is happening?

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

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

[traderethereum]

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

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

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

[danherbias07]

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

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

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

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

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

[harapan]

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

Why do you think this is happening?

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

[KiaKia]

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

Why do you think this is happening?

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

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

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

[Russlenat]

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

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

[Natalim]

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

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

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

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

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

[xenomorfo]

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

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

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

[LUCKMCFLY]

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

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

[xenomorfo]

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

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

[hedgeh0g]

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

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

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

[LUCKMCFLY]

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

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

[TheUltraElite]

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

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

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

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

[xenomorfo]

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

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

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

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

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