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Author Topic: BTC getting too expensive to gamble with  (Read 7353 times)
TechnoMusic
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May 06, 2017, 08:30:55 PM
 #101

Yea true for some sites but there are sites which offer you to place a lower bets and also you can convert your money to other crypto which worth less what gives you chanca to make lower bets.
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May 06, 2017, 08:50:42 PM
 #102

Yea true for some sites but there are sites which offer you to place a lower bets and also you can convert your money to other crypto which worth less what gives you chanca to make lower bets.
It must not be lower bet when you will be considering fiat value. Honestly I am afraid these higher prices of bitcoin might lead to more losses even for the same amount of bitcoins as some times I do forget to set lower bets based on current bitcoin prices. The buying capacity of bitcoin just got bigger hence we need to adjust our base bet accordingly to ensure we are not risking beyond our affordable limits.














 

 

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Jantapw
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May 06, 2017, 08:52:32 PM
 #103

there was a time when gambling with btc was easy bcoz btc price was around 400-500...

now at this high price, gambling means rekt

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May 06, 2017, 08:53:46 PM
 #104

don't use your bitcoin to bet with. you will regret it when once you lose it.

use a shitcoin instead. then you won't give a complete fuck if you lose it all. Tongue
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May 06, 2017, 09:03:10 PM
 #105

don't use your bitcoin to bet with. you will regret it when once you lose it.
use a shitcoin instead. then you won't give a complete fuck if you lose it all. Tongue
Gambling is not a mandatory procedure that everyone has to comply with Tongue ,if you are not interested in gambling so be it.Having more options for the users is a good thing,but only a few sites allow users to wage a bet in alt coins since majority of the gambling industry is ruled by bitcoin and the major concern to me is not the price but the transaction fees and the delays to send and receive coins has increased in the past few days which is frustrating.














 

 

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May 06, 2017, 09:28:27 PM
 #106

Don't know why you think playing with BTC is expensive right now? You can lower your bet size according to price of bitcoin to not play with large bets. Another option for you to save on deposit/withdrawal fees is to use Ethereum or Dogecoin.

Yeah, it's now the price is always high and bitcoin it makes us sometimes not eager to do big gambling. Indeed it is basically to get huge profits, then it should dare to do it with a big bet. But because of the price which is above the altitude then it's all difficult to do, as anyone would think twice or more. Because gambling is a bet, where each bet gives only 2 things very clearly, namely the defeat and profit. So, everything can you choose provided that already understand the gambling
 





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May 06, 2017, 10:04:43 PM
 #107

Don't know why you think playing with BTC is expensive right now? You can lower your bet size according to price of bitcoin to not play with large bets. Another option for you to save on deposit/withdrawal fees is to use Ethereum or Dogecoin.

Yeah, it's now the price is always high and bitcoin it makes us sometimes not eager to do big gambling. Indeed it is basically to get huge profits, then it should dare to do it with a big bet. But because of the price which is above the altitude then it's all difficult to do, as anyone would think twice or more. Because gambling is a bet, where each bet gives only 2 things very clearly, namely the defeat and profit. So, everything can you choose provided that already understand the gambling
 
i think if you are going to play in gambling in bitcoin and your income is also in bitcoin then it will not effect your gambling games. but if you are playing gambling in bitcoin and your income is in your fiat currency then it will be really difficult to manage continue your normal betting. and yo must have to reduce your bits.

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May 06, 2017, 10:10:30 PM
 #108

there was a time when gambling with btc was easy bcoz btc price was around 400-500...

now at this high price, gambling means rekt

Nope, I believe gambling with BTC is still cheap, if you do not have money to gamble then do not gamble.  If a satoshi for you is way expensive then I think you should not gamble or avoid gambling at all.  You will end up with a debt if you continue this.  I said it because 1 satoshi is almost nothing but then you think it is expensive.  There is one reason why you said it, and I bet you knew it.  Grin


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May 07, 2017, 05:10:35 PM
 #109

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.

What do you mean too expensive ? Just use less Bitcoin when you gamble. Remember it is worth more and gamble in lesser amount then before. There some other casinos you can gamble with altcoins. Monero and ltc and doge or clams and there some others. So go stock up on some altcoins.

don't use your bitcoin to bet with. you will regret it when once you lose it.
use a shitcoin instead. then you won't give a complete fuck if you lose it all. Tongue
Gambling is not a mandatory procedure that everyone has to comply with Tongue ,if you are not interested in gambling so be it.Having more options for the users is a good thing,but only a few sites allow users to wage a bet in alt coins since majority of the gambling industry is ruled by bitcoin and the major concern to me is not the price but the transaction fees and the delays to send and receive coins has increased in the past few days which is frustrating.

Unless the shitcoins price increases months afterwards and you could have squeezed out a few bucks. xP

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May 07, 2017, 05:16:04 PM
 #110

don't use your bitcoin to bet with. you will regret it when once you lose it.

use a shitcoin instead. then you won't give a complete fuck if you lose it all. Tongue

Bitcoin is still 1:1 so whatever it's price, high or low, it's doesn't matter to gamble it unless you will purchased bitcoin by your fiat and will use it to play gambling.

What is the sense of using shitcoin in gambling? It's just a complete waste of time. 99% of shitcoins doesn't have chance to bring back to it's peak price. That's why it called shit in the first place.

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May 07, 2017, 08:46:48 PM
 #111

Well I think the OP must be factoring the cost of transferring the Bitcoin into the casino account and back that's why he's worried else whatever fiat equivalent of Bitcoin he intends betting with will be the same in the Altcoins and so mak s no sense so I suspect he's worried about the hike in transaction fees as well.

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May 07, 2017, 10:05:10 PM
 #112

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.


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May 08, 2017, 03:23:32 AM
 #113

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.

Some players use dodgecoin and LTC on depositing in gambling sites,in this way it is not too expensive to play since there were no high transaction fee to be added and we will not be so scared to lose because its not that high amount to risk.

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May 09, 2017, 06:50:36 AM
 #114

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.

Some players use dodgecoin and LTC on depositing in gambling sites,in this way it is not too expensive to play since there were no high transaction fee to be added and we will not be so scared to lose because its not that high amount to risk.

right. there are more sites that play with dodge now and I agree that with the amount of btc today, it would really be regretful to lose any amount as it can very well have been a good investment in a couple of weeks. btc right now is for holding and I wouldn't even think about spending a single sat on gambling

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May 09, 2017, 06:00:31 PM
 #115

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.
I dont mind on using other altcoin on playing gambling since i do have set an amount for me to play on a particular day on a week thats why i dont care at all if bitcoin is expensive or not. Using alts is only good when you are on a hurry specially on transfer times/deposits because they do confirm very fast compared to bitcoin.
When it comes to confirmation times then altcoin does really have the edge but comparing the usage or bitcoin compared to altcoins then BTC is on par. Most people do prefer to use bitcoin no matter what would be the current price as of now seeing again its almost hitting $1600 which is already high but if you are playing basing on local fiat rate then its just fine and theres no difference.
I don’t see why confirmation time should be any issue when you gamble, since you could always make a deposit in the bitcoin casino the day before you gamble and by that time the transaction should be confirmed and if you are playing and see that your bankroll is going down you can deposit before it runs out.



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Colt22
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May 09, 2017, 06:11:51 PM
 #116

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.

Some players use dodgecoin and LTC on depositing in gambling sites,in this way it is not too expensive to play since there were no high transaction fee to be added and we will not be so scared to lose because its not that high amount to risk.

right. there are more sites that play with dodge now and I agree that with the amount of btc today, it would really be regretful to lose any amount as it can very well have been a good investment in a couple of weeks. btc right now is for holding and I wouldn't even think about spending a single sat on gambling
I have saw not many sites are using doge for gambling on their sites many sites are using bitcoin for gambling and for those who are addicted and do not want to use their identity will definitely use bitcoin in any way while those who play only for fun will play on any site so they will go to altcoin sites for gambling. But I like gambling with bitcoin.


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May 09, 2017, 06:27:14 PM
 #117

It will never get too expensive. The reality is that gambling will continue to exist even if Bitcoin is worth $10000. Want to know why? Because the price in USD is relative. It can go up or down and it has never affected people's choices. A couple years back Bitcoin was worth $300 and people gambled, now it's 1,5 thousand and people gamble. Most people don't and won't see a reason to stop.


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May 09, 2017, 07:23:32 PM
 #118

It will never get too expensive. The reality is that gambling will continue to exist even if Bitcoin is worth $10000. Want to know why? Because the price in USD is relative. It can go up or down and it has never affected people's choices. A couple years back Bitcoin was worth $300 and people gambled, now it's 1,5 thousand and people gamble. Most people don't and won't see a reason to stop.
as long as they are enjoying they will keep playing even how much the price will went up, they still think that they still using their local fiat
and the portion of btc that they bought to play will still the same win or lose gambling will not be stop by the price surge.

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May 09, 2017, 07:29:13 PM
 #119

Yea true for some sites but there are sites which offer you to place a lower bets and also you can convert your money to other crypto which worth less what gives you chanca to make lower bets.
It must not be lower bet when you will be considering fiat value. Honestly I am afraid these higher prices of bitcoin might lead to more losses even for the same amount of bitcoins as some times I do forget to set lower bets based on current bitcoin prices. The buying capacity of bitcoin just got bigger hence we need to adjust our base bet accordingly to ensure we are not risking beyond our affordable limits.

Well it is expected, with higher price of bitcoin, the loses even with the same amount of BTC would be higher in terms of USD.  Though I do believe it is still cheap to gamble with bitcoin, for the fact that we can play even at 100 satoshi and this 100 satoshi does not cost us too much unlike if we use fiat currency in gambling.

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May 10, 2017, 02:09:16 AM
 #120

Yea true for some sites but there are sites which offer you to place a lower bets and also you can convert your money to other crypto which worth less what gives you chanca to make lower bets.
It must not be lower bet when you will be considering fiat value. Honestly I am afraid these higher prices of bitcoin might lead to more losses even for the same amount of bitcoins as some times I do forget to set lower bets based on current bitcoin prices. The buying capacity of bitcoin just got bigger hence we need to adjust our base bet accordingly to ensure we are not risking beyond our affordable limits.

Well it is expected, with higher price of bitcoin, the loses even with the same amount of BTC would be higher in terms of USD.  Though I do believe it is still cheap to gamble with bitcoin, for the fact that we can play even at 100 satoshi and this 100 satoshi does not cost us too much unlike if we use fiat currency in gambling.
The defragmenting possibility with bitcoin has given us the access to gamble even with very small number of Satoshi. This is good, but the same time the fear of losing has increased much, that even a small loss will be a big one when calculated in terms of USD or the local fiat. People will soon get adjusted or fixed to it when the price Keep on increasing.

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