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Author Topic: BTC getting too expensive to gamble with  (Read 7363 times)
Beparanf
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May 22, 2017, 02:53:16 PM
 #181

Actually, BTC is not expensive to gamble, It just depends on the amount that you are going to risk on gambling, Because even though the price of BTC increases while you still risk the same amount in fiat, Then there is no difference with that besides the volume of BTC you are holding.

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May 22, 2017, 03:15:29 PM
 #182

If you think the price of BTC is going too high for you to gamble, why don't you buy smaller amount equivalent to the USD you would have spent? It the same thing, just  fewer satoshi. Or you could go for other cheaper alt coins like doge coin. You can try crypto-games.net if you want to gamble with alt coins. They accepts different kinds of alt coins and you can even exchange your coins directly from site.  Smiley

 

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May 22, 2017, 03:16:59 PM
 #183

Actually, BTC is not expensive to gamble, It just depends on the amount that you are going to risk on gambling, Because even though the price of BTC increases while you still risk the same amount in fiat, Then there is no difference with that besides the volume of BTC you are holding.

Expensive in the sense the Transaction fees is high and confirmation delay is making more difficult to bet with bitcoins , and their are many other coins are coming with good gambling sites to bet, right now Vdice is going good to bet with ETH, and they are adding Slots also. So now we can bet with other good altcoin also.
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May 23, 2017, 06:21:55 AM
 #184

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.
Actually yes, I have to pay a big fees for making sure my transaction gets confirmed soon.
It is like paying 2$ fees for a fast ensured confirmation and my bets aren't even greater than 10$ and hence this is a issue for me too.

Though if you think you can't gamble cause the price of bitcoins is high then you can simply reduce the amount lol but the fees is killing me really.

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May 23, 2017, 06:41:25 AM
 #185

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.

Actually I can't see why do you think so. You can deposit 100k satoshis, which is a bit more than $2, and play with it, betting say 200 or 50 sats at a time. Switching to another cryptocurrency might give you a feeling that you took precautions in order to lose less to gambling, while in fact you are risking the dollar equivalent of what you have deposited regardless of type of currency.

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May 23, 2017, 06:54:58 AM
 #186

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.

Actually I can't see why do you think so. You can deposit 100k satoshis, which is a bit more than $2, and play with it, betting say 200 or 50 sats at a time. Switching to another cryptocurrency might give you a feeling that you took precautions in order to lose less to gambling, while in fact you are risking the dollar equivalent of what you have deposited regardless of type of currency.

I don't think it's a big fund to invest on gambling, Now, Most of the sites sets mBTC for a each game. This is pretty than that. Insase if have option to use a litcoin or dodge or any other altcoin also you need to put the same equals with the fiat.
I have played in Bitkong recently, it seems so addictive and you will be easily in the each dice clicks.



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May 23, 2017, 07:25:57 AM
 #187

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.

Actually I can't see why do you think so. You can deposit 100k satoshis, which is a bit more than $2, and play with it, betting say 200 or 50 sats at a time. Switching to another cryptocurrency might give you a feeling that you took precautions in order to lose less to gambling, while in fact you are risking the dollar equivalent of what you have deposited regardless of type of currency.

But sometimes some people have that feeling that they are betting very small amount of bitcoins even though their bets are earlier same dollar value. So they may prefer to use other lower price altcoins and it is all personal satisfaction only. But they may be using the same amount of dollars for that gambling session. I mostly gambling in bitcoins and only sometimes play with dogecoin and ETH.

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May 23, 2017, 08:58:03 AM
 #188

The increased price has made gambling a more risky earning source. Even a small loss will make the loss big if the value is converted in terms of fiat. Now as an alternative, users have started using altcoins that are accepted into gambling.

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May 23, 2017, 09:01:04 AM
 #189

Bitcoin will be expensive when the price is very high.they will sell their bitcoin in a high price.
They can also do it as a business that bitcoin is for beeding.
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May 23, 2017, 09:59:17 AM
 #190

The major difference i can feel is that with the absence of directbet it is really difficult to say that transaction charges are taking a hit because rest of the sites accepts bitcoin and the withdrawals are free without any charges,so it is your choice whether to gamble with bitcoin or not because the price of bitcoin will keep on increasing in the future.
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May 23, 2017, 11:46:37 AM
 #191

The major difference i can feel is that with the absence of directbet it is really difficult to say that transaction charges are taking a hit because rest of the sites accepts bitcoin and the withdrawals are free without any charges,so it is your choice whether to gamble with bitcoin or not because the price of bitcoin will keep on increasing in the future.

It doesnt matter actually unless until you decided to convert it to fiat. If you intend to keep it in form of btc then that wont make any difference at all. Some people do keep few amount of bitcoin to keep on gambling with no intention of converting it back, it is a form of investment as well and the price wont really affect them

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May 23, 2017, 02:35:47 PM
 #192

The increased price has made gambling a more risky earning source. Even a small loss will make the loss big if the value is converted in terms of fiat. Now as an alternative, users have started using altcoins that are accepted into gambling.
NO!
It hasn't made it more risky, because the more you wager the more you can win, so if you play with the same number of coins, you can lose more, but also win more.
Also, if you're measuring the value with fiat, adjust the bets to remain proportional. To me it's a no brainer.


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rickadone
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May 23, 2017, 08:30:51 PM
 #193

Actually, BTC is not expensive to gamble, It just depends on the amount that you are going to risk on gambling, Because even though the price of BTC increases while you still risk the same amount in fiat, Then there is no difference with that besides the volume of BTC you are holding.
I think the main problem is arising for guys who bet small and they have to now pay a big transaction fees. Anyone who is facing such issues can and should use xapo service as they provide fees from their side and I am gambling like that only.

I was using directbet's casino wallet too but since they have closed its risky keeping money there now and hence the only one left for me is xapo which needs proofs though but seems safe.

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May 23, 2017, 09:39:18 PM
 #194

Actually, BTC is not expensive to gamble, It just depends on the amount that you are going to risk on gambling, Because even though the price of BTC increases while you still risk the same amount in fiat, Then there is no difference with that besides the volume of BTC you are holding.
If the price of BTC increase and a casino have a minimum limit which a person is using and if with the rise in price the casino do not decrease its minimum limit then that person will go up to increase his minimum bet as in fiat he will pay higher than before.

IN this case I will suggest the casinos to adjust the price according to the price of bitcoin movement.


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May 24, 2017, 05:07:52 AM
 #195

Actually, BTC is not expensive to gamble, It just depends on the amount that you are going to risk on gambling, Because even though the price of BTC increases while you still risk the same amount in fiat, Then there is no difference with that besides the volume of BTC you are holding.

Expensive in the sense the Transaction fees is high and confirmation delay is making more difficult to bet with bitcoins , and their are many other coins are coming with good gambling sites to bet, right now Vdice is going good to bet with ETH, and they are adding Slots also. So now we can bet with other good altcoin also.

Edgeless are better than Vdice, Even if they add slots, There are more great features on Edgeless than Vdice, Soon, Edgless price will be greater than Vslice once they release all their gambling games. I'm once an investor of Vslice but I'm too bored to play dice and their site is not simple to use.  Tongue

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May 24, 2017, 06:00:34 AM
 #196

Actually, BTC is not expensive to gamble, It just depends on the amount that you are going to risk on gambling, Because even though the price of BTC increases while you still risk the same amount in fiat, Then there is no difference with that besides the volume of BTC you are holding.

Expensive in the sense the Transaction fees is high and confirmation delay is making more difficult to bet with bitcoins , and their are many other coins are coming with good gambling sites to bet, right now Vdice is going good to bet with ETH, and they are adding Slots also. So now we can bet with other good altcoin also.

Edgeless are better than Vdice, Even if they add slots, There are more great features on Edgeless than Vdice, Soon, Edgless price will be greater than Vslice once they release all their gambling games. I'm once an investor of Vslice but I'm too bored to play dice and their site is not simple to use.  Tongue

i think i still be using bitcoin, doge to playing gambling than using another coins including vdice because i don't know why, i am in love to use bitcoin and doge so i will stick with this two coins. for using btc, i think we can spend a little amount of our btc because the price of btc now is really expensive and i think for gamblers that only have small btc don't want to loss big amount of btc in gambling games. so we should make a limit for playing gambling and only us that can do this.

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May 24, 2017, 06:07:02 AM
 #197

Actually, BTC is not expensive to gamble, It just depends on the amount that you are going to risk on gambling, Because even though the price of BTC increases while you still risk the same amount in fiat, Then there is no difference with that besides the volume of BTC you are holding.
If the price of BTC increase and a casino have a minimum limit which a person is using and if with the rise in price the casino do not decrease its minimum limit then that person will go up to increase his minimum bet as in fiat he will pay higher than before.

IN this case I will suggest the casinos to adjust the price according to the price of bitcoin movement.

For me the worse part is when you gamble with all bitcoins and lose them, after few days you see the bitcoin price increasing a lot. In this case, you lost all the bitcoins when it was costing a cheaper price.
And when the price is nice you don't have any more bitcoin to gamble with. It's a part of the game, but a waste of bitcoins anyway...

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May 24, 2017, 06:54:29 AM
 #198

Well if bitcoin be considered getting too expensive to gamble, the altcoins are good choice to betting, in my experience ethereum is good choice to play dice gambling, there are amout of betting on vdice and that is not expensive.
So it is time to change way of betting the coin, today is time to gamble based on blockchain network.
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May 24, 2017, 07:02:02 AM
 #199

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.

Actually I can't see why do you think so. You can deposit 100k satoshis, which is a bit more than $2, and play with it, betting say 200 or 50 sats at a time. Switching to another cryptocurrency might give you a feeling that you took precautions in order to lose less to gambling, while in fact you are risking the dollar equivalent of what you have deposited regardless of type of currency.

But sometimes some people have that feeling that they are betting very small amount of bitcoins even though their bets are earlier same dollar value. So they may prefer to use other lower price altcoins and it is all personal satisfaction only. But they may be using the same amount of dollars for that gambling session. I mostly gambling in bitcoins and only sometimes play with dogecoin and ETH.

That's right, I haven't thought of that. Indeed it might be deceptive - gambling with satoshis these days. I remember when 1k sats was equivalent to $0.002 and now it's more than $0.02. So when hunting on 9900x you were losing $2 with 1k bets now it's $23, big difference.

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May 24, 2017, 07:29:25 AM
 #200

Bitcoin will be expensive when the price is very high.they will sell their bitcoin in a high price.
They can also do it as a business that bitcoin is for beeding.
It is now expensive and it is just the start because there will be the time that bitcoin is going to be possible fluctuating up to higher price. And with gambling, the good about it is that your satoshi's are now worth to gamble so in your perspective it's like a centavo to gamble so there's no problem when the price is increasing.

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