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Author Topic: BTC getting too expensive to gamble with  (Read 7312 times)
sulendra12
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May 21, 2017, 10:26:40 AM
 #161

I agree, btc gambling is very expensive now. It has a very high price already and also it continues to rise. As of now btc price is nearing $2,000 dollar and $1,800 dollar on some exchanges. It is good for gambling site, but it is not good on players.
But STILL, there are gamblers doesn't care about the price and keep playing because if they won, their profit became higher than before with current Bitcoin's price. That's good for the owner if someone lose big money and with this price they made great profit.

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May 21, 2017, 11:07:31 AM
 #162

Well for now while the price is very profitable, I guess it's not good to gamble an expensive currency because if you loss it you will find regrets behind the activites happened to be a failure. In order to gamble it in a right way, you should only bet smaller amounts and don't seek money lucky profit from it just to double your bitcoin balances. Nothing will happen to your savings amount on your wallet if you put an expensive currency into gambling profit investments, because in gambling it's normal to loss than to win.

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May 21, 2017, 12:33:51 PM
 #163

I agree, btc gambling is very expensive now. It has a very high price already and also it continues to rise. As of now btc price is nearing $2,000 dollar and $1,800 dollar on some exchanges. It is good for gambling site, but it is not good on players.
But STILL, there are gamblers doesn't care about the price and keep playing because if they won, their profit became higher than before with current Bitcoin's price. That's good for the owner if someone lose big money and with this price they made great profit.
The price is nothing for a real gambling, bitcoin is just a tool for him and pure gamble do cash in and cash out regularly so he will not hugely affected with the price volatility. What a gambler is focus on is the way to win in the long run, and it is already a big bonus for him when he wins and the timing of price increase also happens. Thus, I would say it is not expensive, we determine our betting capacity and we are responsible enough to make a decision to put what we can only afford to lose.

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May 21, 2017, 12:35:47 PM
 #164

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 don't really understand this logic...
That would be like saying "hey, dollars are too expensive compared to Zimbabwean dollars, I won't gamble with it"
You gamble with what you can afford to lose. And btc can be split neraly indefinitely. You don't want to gamble with more than 100$? then just play with mBTC and that's all...

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May 21, 2017, 12:40:12 PM
 #165

People who use directbet for gambling may suffer from the high transactioon fee if they want to use bitcoin, but they can use equivalent amount of dogecoin to avoid the transaction fee, as well as betting with smaller sizes.

This is the trick what other gamblers are doing, they are converting it first to an alt coin when they earned well on a gambling site. And after converting it with the alt coin that only charges small fee.
That's the start for them to withdraw their funds. Because to all of us, every satoshi counts from now on.


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May 21, 2017, 12:57:14 PM
 #166

People who use directbet for gambling may suffer from the high transactioon fee if they want to use bitcoin, but they can use equivalent amount of dogecoin to avoid the transaction fee, as well as betting with smaller sizes.

This is the trick what other gamblers are doing, they are converting it first to an alt coin when they earned well on a gambling site. And after converting it with the alt coin that only charges small fee.
That's the start for them to withdraw their funds. Because to all of us, every satoshi counts from now on.

The altcoin right now is rising as well which is a good sign however the transaction fees is still less than using bitcoin directly. Atleast with altcoin it should be still more profitable then just using bitcoin. I wouldnt really gamble in a site like directbet right now, it is better to gamble in a deposit style site

                                 
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May 21, 2017, 01:18:49 PM
 #167

People who use directbet for gambling may suffer from the high transactioon fee if they want to use bitcoin, but they can use equivalent amount of dogecoin to avoid the transaction fee, as well as betting with smaller sizes.

This is the trick what other gamblers are doing, they are converting it first to an alt coin when they earned well on a gambling site. And after converting it with the alt coin that only charges small fee.
That's the start for them to withdraw their funds. Because to all of us, every satoshi counts from now on.

The altcoin right now is rising as well which is a good sign however the transaction fees is still less than using bitcoin directly. Atleast with altcoin it should be still more profitable then just using bitcoin. I wouldnt really gamble in a site like directbet right now, it is better to gamble in a deposit style site

Yes that's the advantage of alt coin and that's why they are trying to migrate some of their funds or winning to alt coin first and just converting it back to bitcoin. This is a good strategy to avoid those high fees that they might get from cashing out their funds from a gambling site.


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May 21, 2017, 01:19:34 PM
 #168

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.

Yes, bitcoin price goes to the moon right now and fortunately, with bitcoin we can play with as small amount as possible especially at dice gambling sites. We can adjust our bet amount to reflect the price increases.

Yeah, bitcoin price really going to high, I can guess bitcoin will be come at $2000 very quickly, may be within 2 months we will see bitcoin equal to $2000. But surprisingly this is all happen. But now bitcoin is best cyrpto to play online gambling, because if we win than we get bitcoin and bitcoin is too expensive than fiat currency. 

Hmm, I think for the price of 2 months time bitcoin will be higher than your prediction. Because I see from some of the existing static, that the better the bitcoin growth and profitable. And it's all very helpful in getting us a lot of advantages, it should have been a profitable technology and gives the best effect being higher and also more profitable. But it does everything need a process so I bet within 2 months the price of bitcoin touch $3000-$ 5000
 





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May 21, 2017, 05:15:54 PM
 #169

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.

Yes, bitcoin price goes to the moon right now and fortunately, with bitcoin we can play with as small amount as possible especially at dice gambling sites. We can adjust our bet amount to reflect the price increases.

Yeah, bitcoin price really going to high, I can guess bitcoin will be come at $2000 very quickly, may be within 2 months we will see bitcoin equal to $2000. But surprisingly this is all happen. But now bitcoin is best cyrpto to play online gambling, because if we win than we get bitcoin and bitcoin is too expensive than fiat currency. 

Hmm, I think for the price of 2 months time bitcoin will be higher than your prediction. Because I see from some of the existing static, that the better the bitcoin growth and profitable. And it's all very helpful in getting us a lot of advantages, it should have been a profitable technology and gives the best effect being higher and also more profitable. But it does everything need a process so I bet within 2 months the price of bitcoin touch $3000-$ 5000
 

We can trust this prediction now because the BTC price is increasing like this in nowadays. I seriously not expected the BTC price will hit $2000 this month. Before I thought the year end it will cross. And last weeks also I predict BTC price will hit $2k within 2 months. But today it crossed I am very happy to see this BTC price. And little bit scare started that I will do gamble with BTC or not bcz the price is so high I don't like to lose my BTC.

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May 21, 2017, 08:56:03 PM
 #170

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.
This is a no brainier, reduce the size of your bets so you can play for longer, now, if you are already playing at the minimum then I suggest that you change to LTC, LTC has very low fees and it is fast, very fast compared to bitcoin and finally it is accepted in a decent amount of casinos.

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May 21, 2017, 09:11:51 PM
 #171

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.
This is a no brainier, reduce the size of your bets so you can play for longer, now, if you are already playing at the minimum then I suggest that you change to LTC, LTC has very low fees and it is fast, very fast compared to bitcoin and finally it is accepted in a decent amount of casinos.

I agree, if you feel like your bet amount in BTC is getting expensive then all you can do is adjust it to a smaller amount.  Though , I still believe that betting with bitcoin in Casino's are still cheap since we can bet 1 satoshi at least and we know that is far less than 1 cent of a dollar.

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May 21, 2017, 11:49:08 PM
 #172

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 don't really understand this logic...
That would be like saying "hey, dollars are too expensive compared to Zimbabwean dollars, I won't gamble with it"
You gamble with what you can afford to lose. And btc can be split neraly indefinitely. You don't want to gamble with more than 100$? then just play with mBTC and that's all...

Apparently you don't get it. Some casinos games are set at .0005 btc a spin. What would have been .25 cents a spin or .50 cents a spin is now $1 a spin. Some casino live bj bets are 15 mtc what would have been $7.50 or $15 is now $30 that's the logic. A .0005 ltc a spin is much more different then .0005 btc a spin

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May 21, 2017, 11:50:04 PM
 #173

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.
This is a no brainier, reduce the size of your bets so you can play for longer, now, if you are already playing at the minimum then I suggest that you change to LTC, LTC has very low fees and it is fast, very fast compared to bitcoin and finally it is accepted in a decent amount of casinos.

Apparently your brain isn't working. Some bets are fitted and can not be adjusted!

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May 22, 2017, 03:50:24 AM
 #174

Frankly, this price increases aren't bother me, it's good to be honest! The one thing that bothered me is the length of a transaction getting a confirmation. It can take hours or even days to get one confirmation even though we use relatively high fees. For me, long confirmation time can change my mood!

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May 22, 2017, 05:50:51 AM
 #175

Frankly, this price increases aren't bother me, it's good to be honest! The one thing that bothered me is the length of a transaction getting a confirmation. It can take hours or even days to get one confirmation even though we use relatively high fees. For me, long confirmation time can change my mood!

I believe you can solve both problems: expensive transaction fees and delayed confirmations by buying and gambling with an Altcoin which you can convert later into Bitcoins.



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phr0stbyt3
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May 22, 2017, 07:45:37 AM
 #176

It was actually never cheap to gamble in the first place. Let's assume all of us gamble at 0.1 btc which was 110$ at one time. So you are saying that losing 110$ isn't cheap at all. And think logically imagine you had never gambled when price was 110$ and saved it till now , you would have 200$. It is that easy to double you money without gambling. The question why do people still gamble even after such good returns.

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May 22, 2017, 02:00:47 PM
 #177

People who use directbet for gambling may suffer from the high transactioon fee if they want to use bitcoin, but they can use equivalent amount of dogecoin to avoid the transaction fee, as well as betting with smaller sizes.

This is the trick what other gamblers are doing, they are converting it first to an alt coin when they earned well on a gambling site. And after converting it with the alt coin that only charges small fee.
That's the start for them to withdraw their funds. Because to all of us, every satoshi counts from now on.

The altcoin right now is rising as well which is a good sign however the transaction fees is still less than using bitcoin directly. Atleast with altcoin it should be still more profitable then just using bitcoin. I wouldnt really gamble in a site like directbet right now, it is better to gamble in a deposit style site

I don't know what's happening with alt coins, most of them that has the potential are pumping.
They are getting with the trend of bitcoin's pump. So there's a lot of alternative when you want to avoid bitcoin's fee and other adjustments with it.


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May 22, 2017, 02:22:42 PM
 #178

People who use directbet for gambling may suffer from the high transactioon fee if they want to use bitcoin, but they can use equivalent amount of dogecoin to avoid the transaction fee, as well as betting with smaller sizes.

This is the trick what other gamblers are doing, they are converting it first to an alt coin when they earned well on a gambling site. And after converting it with the alt coin that only charges small fee.
That's the start for them to withdraw their funds. Because to all of us, every satoshi counts from now on.

The altcoin right now is rising as well which is a good sign however the transaction fees is still less than using bitcoin directly. Atleast with altcoin it should be still more profitable then just using bitcoin. I wouldnt really gamble in a site like directbet right now, it is better to gamble in a deposit style site

I don't know what's happening with alt coins, most of them that has the potential are pumping.
They are getting with the trend of bitcoin's pump. So there's a lot of alternative when you want to avoid bitcoin's fee and other adjustments with it.
Just like the new feature on FJ you can already make use of other altcoin on playing on the site.Its now available to make use of ETH and XMR which is an alternative instead of using bitcoin.When we do speak about confirmation times i can say usingg alts would be the best one to use because we do know gambling it does need fast confirmations since you do actively deposit and withdraw anytime.

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May 22, 2017, 02:38:14 PM
 #179

Frankly, this price increases aren't bother me, it's good to be honest! The one thing that bothered me is the length of a transaction getting a confirmation. It can take hours or even days to get one confirmation even though we use relatively high fees. For me, long confirmation time can change my mood!

I believe you can solve both problems: expensive transaction fees and delayed confirmations by buying and gambling with an Altcoin which you can convert later into Bitcoins.

Good thing I don't get that problem with the slow transaction. Where are you gambling by the way? Me too. Well probably because I'm not depositing money from my own wallet to  gamble as I use the btcs that I earn through this signature campaign and a couple of services that I do here. And the fact that I seldom do gamble and when I do, it's not in a very high amount.

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May 22, 2017, 02:47:27 PM
 #180

Frankly, this price increases aren't bother me, it's good to be honest! The one thing that bothered me is the length of a transaction getting a confirmation. It can take hours or even days to get one confirmation even though we use relatively high fees. For me, long confirmation time can change my mood!

I believe you can solve both problems: expensive transaction fees and delayed confirmations by buying and gambling with an Altcoin which you can convert later into Bitcoins.

Good thing I don't get that problem with the slow transaction. Where are you gambling by the way? Me too. Well probably because I'm not depositing money from my own wallet to  gamble as I use the btcs that I earn through this signature campaign and a couple of services that I do here. And the fact that I seldom do gamble and when I do, it's not in a very high amount.

Yeah its good to gamble with a low amount that we can afford to loose as previously when the price of bitcoin was very low I used to gamble with high amount as at that time even if you loose buying bitcoin was not that hard but now if we loose bitcoins in gambling then we won't be in position to buy them back in huge amount as the price is too high now and we cannot afford to loose bitcoins in gambling.


 
 
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