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Author Topic: BTC getting too expensive to gamble with  (Read 7357 times)
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May 24, 2017, 07:53:34 AM
 #201

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.

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May 24, 2017, 08:57:43 AM
 #202

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.

Almost all good gambling sites are accepting alt coins. Because if they are not going to adopt to the market and demand of their gamblers and will only focus with bitcoins for sure those gamblers will not stay to them. But if there's a variety of coins to those for, it will be a good chance for those gamblers to try alt coins.


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May 24, 2017, 09:03:59 AM
 #203

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.
There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.

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May 24, 2017, 09:40:36 AM
 #204

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.
There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.
nowadays people worry about how the price of bitcoin so high but i think it was not a real issue , there is a smaller denominations of bitcoin called milibitcoin, satoshi etc , people could simply use it to make it fit to your fiat pocket .

or you can take advantage when hold a lot of bitcoin to not adjusting it to fiat, people should not worry.

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May 24, 2017, 11:13:32 AM
 #205

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.
There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.
nowadays people worry about how the price of bitcoin so high but i think it was not a real issue , there is a smaller denominations of bitcoin called milibitcoin, satoshi etc , people could simply use it to make it fit to your fiat pocket .

or you can take advantage when hold a lot of bitcoin to not adjusting it to fiat, people should not worry.

The casino will also auto adjust accordingly. Just like in the past, players always bet in multiple of btc. But as the price increases, they are now betting in mbtc. I believe as it rise further, the denomination will get smaller too. And btc is also able to split even smaller than satoshi if needed.

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May 24, 2017, 11:43:52 AM
 #206

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.
There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.
nowadays people worry about how the price of bitcoin so high but i think it was not a real issue , there is a smaller denominations of bitcoin called milibitcoin, satoshi etc , people could simply use it to make it fit to your fiat pocket .

or you can take advantage when hold a lot of bitcoin to not adjusting it to fiat, people should not worry.

The casino will also auto adjust accordingly. Just like in the past, players always bet in multiple of btc. But as the price increases, they are now betting in mbtc. I believe as it rise further, the denomination will get smaller too. And btc is also able to split even smaller than satoshi if needed.

Yes, if you want to continue gambling with Bitcoin then the only solution is to denominate the Bitcoin into smaller pieces.
Who knows, may we get mSatoshi one day..



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May 24, 2017, 11:54:47 AM
 #207

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 still gamble using Bitcoin because every gambling site's rate is per satoshi so I don't have any problem with that because I can lower my bet because my game is the lower bet is 1 satoshi so I am good with that. And if I will use other currency the problem is the fee because you will trade it first when you cash out it is so hassle.


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May 24, 2017, 04:09:06 PM
 #208

And if I will use other currency the problem is the fee because you will trade it first when you cash out it is so hassle.
But there are also many bitcoin casino that accept altcoins and have in built exchange feature you can easily cash out in bitcoin while keep on playing in any coin you want. I find ethereum and litecoin cheaper to send in and out from gambling platform this days and you don't have to wait for hours to get network confirmation.

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May 24, 2017, 05:52:56 PM
 #209

Lol bitcoin have good price for gambing especcialy if you faucet at dice sites or any other kind of gambling sites and now you can deposit really low amount of money with bitcoin.
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May 24, 2017, 06:33:58 PM
 #210

Lol bitcoin have good price for gambing especcialy if you faucet at dice sites or any other kind of gambling sites and now you can deposit really low amount of money with bitcoin.

It does not worth to deposit too low amount to gamble recently, as we all know that nowadays we need to spend higher transaction fee. Really low amount like 1mbtc and we need to pay the fee 40k-50k satoshi? Thats crazy mate, we have not even started gambling but we have to lose half amount of the deposit amount.

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Slark
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May 24, 2017, 08:09:55 PM
 #211

Due to increased transaction fees we have few options to consider:

1. If you are extremely stingy you can stop gambling until scaling solution will be implemented - it should lower tx fee significantly.
2. Deposit only larger sums of bitcoin to avoid multiple fees.
3. Gamble as usual and don't care bout $1-$2 tx fee and long confirmation times.

iluvbitcoins
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May 24, 2017, 08:15:30 PM
 #212

Due to increased transaction fees we have few options to consider:

1. If you are extremely stingy you can stop gambling until scaling solution will be implemented - it should lower tx fee significantly.
2. Deposit only larger sums of bitcoin to avoid multiple fees.
3. Gamble as usual and don't care bout $1-$2 tx fee and long confirmation times.

There's also an option to group multiple payouts into one in order to pay a lower fee.

Also, the fees we're having aren't large at all when compared with PayPal fees and other FIAT payment processors.
They're big to what we're used to, not to what other people are used to.

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BitDane
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May 24, 2017, 09:08:45 PM
 #213

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.

I think we are talking about the transaction fee here since moving bitcoin from an exchange to a casino cost a lot specially if our bitcoin is just a small amount.  I agree that moving to altcoin such as LTC and other that is accepted by the Casino will at least save us a couple of cents during coin transfer.

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May 24, 2017, 09:11:04 PM
 #214

Due to increased transaction fees we have few options to consider:

1. If you are extremely stingy you can stop gambling until scaling solution will be implemented - it should lower tx fee significantly.
2. Deposit only larger sums of bitcoin to avoid multiple fees.
3. Gamble as usual and don't care bout $1-$2 tx fee and long confirmation times.

Gamblers are in the #3 state today. We don't have choice but to gamble the usual way and we really don't care about that fee. Especially to those big time gamblers these fees aren't a big deal in return of the amount they are winning as they gamble so there's no need for them to stop gambling. And add to it that there are some alt coins.

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ModGirl
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May 24, 2017, 09:16:17 PM
 #215

Lol bitcoin have good price for gambing especcialy if you faucet at dice sites or any other kind of gambling sites and now you can deposit really low amount of money with bitcoin.

It does not worth to deposit too low amount to gamble recently, as we all know that nowadays we need to spend higher transaction fee. Really low amount like 1mbtc and we need to pay the fee 40k-50k satoshi? Thats crazy mate, we have not even started gambling but we have to lose half amount of the deposit amount.
Yes the situation nowadays is hard to gamble with bitcoin if someone want to gamble with little money because the price has increased and some sites do not have reduced their betting level of deposit and if other have reduced their minimum then on then the transaction fees is a burden.

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May 24, 2017, 09:25:45 PM
 #216

It`s right that bitcoin is getting more and more expensive, but that also means that your profit calculated in other currencies is much higher. I play with lower bets this days, lower then usual but just cause I`m short with bitcoins, when some expected income come I will get back on my previous bets.
But I get the point, some casinos minimum bet was 1 mbtc now that 1 mbtc is not so cheap anyone to gamble easily with that.

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May 25, 2017, 11:38:03 PM
 #217

It`s right that bitcoin is getting more and more expensive, but that also means that your profit calculated in other currencies is much higher. I play with lower bets this days, lower then usual but just cause I`m short with bitcoins, when some expected income come I will get back on my previous bets.
But I get the point, some casinos minimum bet was 1 mbtc now that 1 mbtc is not so cheap anyone to gamble easily with that.

indeed. if you're depositing btc then there would be a considerable difference and it may be too expensive for a lot of players. though if you gamble with the btcs you're earning oine, there's not much of a difference there. the earnings would be high but your losses would amount to a higher rate as well

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June 22, 2017, 11:21:30 PM
 #218

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.

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June 22, 2017, 11:26:18 PM
 #219

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.
There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.
nowadays people worry about how the price of bitcoin so high but i think it was not a real issue , there is a smaller denominations of bitcoin called milibitcoin, satoshi etc , people could simply use it to make it fit to your fiat pocket .

or you can take advantage when hold a lot of bitcoin to not adjusting it to fiat, people should not worry.

The casino will also auto adjust accordingly. Just like in the past, players always bet in multiple of btc. But as the price increases, they are now betting in mbtc. I believe as it rise further, the denomination will get smaller too. And btc is also able to split even smaller than satoshi if needed.
That is a need of the day. I have noticed that many casino are now not in the worry for that issue and because of that many people are leaving to bet with bitcoin if they will adjust the betting value according to price then it will be ok for many people.


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June 23, 2017, 01:07:13 AM
 #220

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.
Well casino will look forward for this to happen since transaction fees really hurting players and with small and fast transaction again a lots of small bet will be done back luckily I will be able to use my small earnings again for some good sports game that I watch.

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