If bitcoin prices rise up to $100,000, will you still gamble using bitcoins?

[emberbekas]

I will continue to gamble but I will reduce my bet amounts. For example, at todays rate I can afford to play with 100k satoshi/day but if someday bitcoin price reached $100,000 I will play with 10 satoshi to 100 satoshi per day.

[davis196]

When that time comes that the price of bitcoins will be $100,000 will you still gamble in casinos and sports books?

If the price of bitcoin is $100,000

0.001BTC/1mBTC/100,000Satoshi = $100
0.0001BTC/0.1mBTC/10,000Satoshi = $10
0.00001BTC/0.01mBTC/1,000Satoshi = $1

1 Satoshi = $0.001

Yes,off course.I would still gamble using satoshis.

That`s why bitcoin is so convenient for gambling purposes.

Why are you asking this question?

[arwin100]

I'm not really a gambling supporter , In fact I'm totally against gambling but If that scenario ever happens , I don't think anyone would keep gambling , at least not in a website ... people may find it hard to trust a gambling website for such a big amounts and the higher bitcoin goes , the higher chances of "we got hacked" scenarios coming out . (Include both exchanges and gambling services).

This fits all my point of view on btc gambling with the price of $100k. We have trust issues on sites. 'Coz they are not transparent. And yes there is a higher chances of "we got hacked" "we got scammed" scenarios. Admins or devs on a gambling site will be blind on your BTC so they can run away as soon as they gather enough BTC. Some really stay just like some legit and alive sites right now. But there will be a major of changes on there site. Like adjusting minimum bet. Anyways will find out what's the outcome of this thread when conversion of $100k = 1 BTC happens.

[dezoel]

When that time comes that the price of bitcoins will be $100,000 will you still gamble in casinos and sports books?

If the price of bitcoin is $100,000

0.001BTC/1mBTC/100,000Satoshi = $100
0.0001BTC/0.1mBTC/10,000Satoshi = $10
0.00001BTC/0.01mBTC/1,000Satoshi = $1

1 Satoshi = $0.001

Yes,off course.I would still gamble using satoshis.

That`s why bitcoin is so convenient for gambling purposes.

Why are you asking this question?

Investing money in bitcoin it itself a big gamble and if bitcoin hit $100k price then it will best bet for most of the users of this forum.Personally I will keep gambling even if bitcoin hit this price but my bet size will depend on bitcoin's price.

[michellee]

i will continue to playing gambling in casinos website and sports betting website, but i think i will only use small amount to make a bet like before because i prefer to save my bitcoin in my wallet and i think its better to make our bitcoin as our investment for long term.

[LuanX3]

I'm not really a gambling supporter , In fact I'm totally against gambling but If that scenario ever happens , I don't think anyone would keep gambling , at least not in a website ... people may find it hard to trust a gambling website for such a big amounts and the higher bitcoin goes , the higher chances of "we got hacked" scenarios coming out . (Include both exchanges and gambling services).

This fits all my point of view on btc gambling with the price of $100k. We have trust issues on sites. 'Coz they are not transparent. And yes there is a higher chances of "we got hacked" "we got scammed" scenarios. Admins or devs on a gambling site will be blind on your BTC so they can run away as soon as they gather enough BTC. Some really stay just like some legit and alive sites right now. But there will be a major of changes on there site. Like adjusting minimum bet. Anyways will find out what's the outcome of this thread when conversion of $100k = 1 BTC happens.

These are the answers that should be here and not all those questions about why I am asking this question and answers like I would gamble with lower amounts. For sure you will gamble with lower amounts, but this is not the case here. There are so many effects that are outside of the bet itself. Like how do we deal with the site itself trying to run or declare hacked or scammed? Then another is how about the faucets? For sure sites would give $1 per faucet claim nor would they give 1 Satoshi as faucet. Then for sure they will not be letting you withdraw just one satoshi.

[Tamrlan]

i will continue to playing gambling in casinos website and sports betting website, but i think i will only use small amount to make a bet like before because i prefer to save my bitcoin in my wallet and i think its better to make our bitcoin as our investment for long term.

Ya just adjust the amount bet if usually bet $ 10 in a week then after BTC prices up fixed bet $ 10

[upsidedown75]

I guess I will intensively gamble more if bitcoin gets that much big price levels because I will be needing to spend very less amount of bitcoins than what right now I am spending. I mean to say I will be getting many more possibilities to gamble again and again. So obviously bitcoin price rise will not stop me from gambling.

[acroman08]

When that time comes that the price of bitcoins will be $100,000 will you still gamble in casinos and sports books?

If the price of bitcoin is $100,000

0.001BTC/1mBTC/100,000Satoshi = $100
0.0001BTC/0.1mBTC/10,000Satoshi = $10
0.00001BTC/0.01mBTC/1,000Satoshi = $1

1 Satoshi = $0.001

Yes. I would, but, only for Dice and only for small amounts, like 1 - 1,000 satoshis per bets. It's easier to win in Dice and the minimum bets are really low unlike other casino games.

For example: In Slots, where minimums could be 2.5 mbtc per spin, or in Roullette where it's 1 - 5 mbtc per bet/number.

So, going with your calculations that would be $250/spin on Slots and
$100 - $500/number on Roullette.
That's just crazy and there's no way the majority of gamblers can afford that.(including myself)

[romero121]

Why to stop gambling just because of the increase in price of bitcoin. When price increase happens the betting value will be reduced based upon our ability to withstand. Other than that giving up of gambling won't take place with most of the users, because nowhere one gets such an ease of access to gamble.

[thejaytiesto]

There is no point for anyone to stop gambling when price will be even as high as $1 million per coin. When price per coin will pump hard most of the bitcoin casino will lower their minimum bet size and maximum too. If price will be $100,000 as you have said, there will be no any single bitcoin casino which will have 0.001BTC minimum bet size rule.

It's all the same, people that want to gamble will gamble no matter what price bitcoin is trading at. They will just gamble with smaller quantities.. I dont see what the problem is. And even if you get rich by holding BTC for 10 years, you will still want to gamble, rich people gamble a lot too, in fact the richer you are the more you gamble, look at mayweather or dan bilzerian and all those guys.

[Vikingr]

when the price of bitcoin will increase too much then the casino owners will try to maintain the level and will lower down the amount of bet so there will be not any problem to continue gambling with bitcoin as at that time we will need to put a smallest fraction to gamble.

[lite]

Yes, i will keep on gambling. i think most gambler would, they'll deposit less amount but the gambling will never stop lol. the other option i can think of buying altcoin like doge to gamble with lower amounts.

[smho_16]

Well if one bitcoin rise up to 100.000 for me there's no more need to gamble, if I have 10 bitcoins by then I can be considered a rich person in my country , I can open up a business, invest a few money in buying a shop and giving it for rent and many other things. Gambling would be my last idea if I have 1 mln Euros (or dollars).

[tabas]

Hmm, I guess I will stop gambling by that time since the value is becoming higher the chances of losing big amount of bitcoin is also possible. Maybe I will settle myself and look for some other things that I can make myself busy like building my own real business. Because I know myself, when I get myself too attached with gambling again, for sure I will end up bankruptcy.

[Apriand]

May be i will still gambling but only with faucet, especially if there any faucet in that site. But no with my real money. I'll keep my real money safety and dont want to gamble it.

[vella85]

Yes, i will keep on gambling. i think most gambler would, they'll deposit less amount but the gambling will never stop lol. the other option i can think of buying altcoin like doge to gamble with lower amounts.

I agree and I would also continue gambling using Bitcoins no matter how high the price goes. That's right people will start depositing a less amount to gamble with and as I also currently use Dogecoins to bet with as well, I agree that people can buy Dogecoins if they want to bet lower then say $1.

[vennali]

I don't see a reason why a gambler wouldn't still continue gambling. The gambler might just gamble with less amount of btc or aim for a smaller amount in terms of BTC he wants to make but, He would still continue with it as long as he is not out of BTC to gamble with.

[Rinder]

People does like to gamble, but the most of them are searching to reach a goal, thats why they risk their money gambling, but as you achieved your main goal, lets say 100k dollars and bitcoin reach those value, i would stop gambling instant. Im not addicted neither do risk my coins with gamble, nothing above 100-2000 satoshis bets, but knowing their value would make me stop using those ammounts.

[Superways]

Bitcoin is now a currency of bitcoin because the owners have realized that with bitcoin they can earn high with their casino and members will also not leave gambling with bitcoin because bitcoin is anonymous currency and gamblers will not like to show their identity and will continue with bitcoin.