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Author Topic: BTC getting too expensive to gamble with  (Read 8197 times)
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June 23, 2017, 01:13:53 AM
 #221

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.
When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.

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June 23, 2017, 02:03:37 AM
 #222

Yes indeed, but if you are a gamble and don't want to go to casino then we have no choice to play with Bitcoin. Just think that while you are gambling with Bitcoin you are already a high roller. Smiley If you really don't want to gamble with Bitcoin you have other cryto to choose there are many sites that are accepting other crypto as a currency for betting to their sites.

   
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June 23, 2017, 02:47:11 AM
 #223

Yes indeed, but if you are a gamble and don't want to go to casino then we have no choice to play with Bitcoin. Just think that while you are gambling with Bitcoin you are already a high roller. Smiley If you really don't want to gamble with Bitcoin you have other cryto to choose there are many sites that are accepting other crypto as a currency for betting to their sites.
In my view, its just all the same since we can play gambling just equivalent on usd not on following our pattern on btc amounts because if you do continue to do that then its really expensive to play with the use of bitcoin. As been said we can always play gambling with other coins if we dont really like to use our bitcoin.

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June 23, 2017, 03:44:23 AM
 #224

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.
When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.
Cheaper fees with fast transactions is very good service to all of us who uses bitcoin and I also hope that will be implemented soon. With regards to altcoins it's dependency from bitcoin also matter in time from transaction of exchange sites, so gambling can be profitable in way of betting few amounts of btc and much more advantage if lesser fees on service transactions. In addition to that you can generate better profit and comfort of prompt transactions together with the nice service.

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June 23, 2017, 04:50:39 AM
 #225

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.

I agree it is quite faster and cheaper to move LTC from one wallet to another wallet.  Until Segwit is implemented and see the difference of fees and movement, gambling site should consider altcoin as alternative.  I have tried it myself moving altcoin and bitcoin to a gambling site specifically LTC, where LTC arrives in less than 3 min and way cheaper transaction fee.  I can enjoy the game in earlier time after deposit unlike when I deposit Bitcoin.

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June 23, 2017, 05:05:21 AM
 #226

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.
When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.
Cheaper fees with fast transactions is very good service to all of us who uses bitcoin and I also hope that will be implemented soon. With regards to altcoins it's dependency from bitcoin also matter in time from transaction of exchange sites, so gambling can be profitable in way of betting few amounts of btc and much more advantage if lesser fees on service transactions. In addition to that you can generate better profit and comfort of prompt transactions together with the nice service.

Yap and the most issue on gambling via btc is just the percentage of your wining would just end up being on a transaction fee. But This issue would be changed or wont be mattered anymore once btc can at least implement something to help the transaction fees like the segwit. But other than this issue i think the transaction fee would just go along with how much the price of btc to dollars is. Because when the price was low the fee was low, and not that the btc price increases, shouldnt it be normal for the price to go up? But this price hike in fee for me is just a little bit not normal.

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June 23, 2017, 05:52:42 AM
 #227

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.

I agree it is quite faster and cheaper to move LTC from one wallet to another wallet.  Until Segwit is implemented and see the difference of fees and movement, gambling site should consider altcoin as alternative.  I have tried it myself moving altcoin and bitcoin to a gambling site specifically LTC, where LTC arrives in less than 3 min and way cheaper transaction fee.  I can enjoy the game in earlier time after deposit unlike when I deposit Bitcoin.

I think now on words the sites will start to accept altcoins. Now if we compare to LTC to BTC transaction. LTC transaction will take very less time to deposit and the fee also very less. Yes, i am also waiting for this segwit I hope after this the transaction fee may go down and the confirmation process also improves.

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June 23, 2017, 07:06:09 AM
 #228

However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

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June 23, 2017, 12:21:28 PM
 #229

Does it matter? People are going to bet the same amount of bitcoins as when the price of bitcoin was lower. People don't care about how much they are losing, they only care about how much they are winning. They are not going to convert how much money in fiat have they lost. It will make them depressed and feel bad about themselves. Gamblers avoid that.

This is a good thing for bitcoin casino owners. The price of bitcoin is increasing but the bet amount of people don't get affected because the casino don't show how much in fiat is the bitcoin that they are betting.

One thing I want to say, if bitcoin is too expensive for you to gamble with, then maybe you shouldn't be gambling at all.

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June 23, 2017, 12:48:39 PM
 #230

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.

Bitsler accepted doge, ltc, ethereum and burst beside bitcoin. There are a lot of games that we can play at bitsler. Dice, multicolor, roulette and cara y cruz. And there's a built in exchanger too, hence whenever bitcoin transaction getting too slow we can deposit with other cryptocurrencies and convert it back to bitcoin if we prefer to play with bitcoin only.

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June 23, 2017, 01:06:28 PM
 #231

Yes, the values of Bitcoin did increased a lot recently, but I don't think that affects how the way big whales are gambling at casino sites, I still saw a lot of big whales rolling the same amount of big bets in dice sites. The only difference might be the starting betting amount that they are wagering with are much lower as compared to the past with the martingale strategy.

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June 23, 2017, 01:29:02 PM
 #232

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.

Segregated witness is being activated in bitcoin if everything goes according to plan. Soon we can enjoy gambling in bitcoin again. One of te reasons that I haven't played any poker matches lately is because I hate having to pay high fees to transact BTC into my bitcoin wallet in te casino. This will be solved soon.

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June 23, 2017, 01:33:35 PM
 #233

Yes, the values of Bitcoin did increased a lot recently, but I don't think that affects how the way big whales are gambling at casino sites, I still saw a lot of big whales rolling the same amount of big bets in dice sites. The only difference might be the starting betting amount that they are wagering with are much lower as compared to the past with the martingale strategy.

The big whales in my opinion are not even bothered about the transaction fees. The smaller fish, players who gamble with a few bucks are the ones who are affected by the transaction fee. I would say most of these players and very hesitant to spend their money on gambling sites nowadays, because they don't want to lose money before even playing. I'm an example of those small fish players. I used to gamble a lot on primedice and satoshimines back in the days but now its come to an end.
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June 23, 2017, 02:12:44 PM
 #234

However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

Yeah i agree. Same with gambling with fiat, real gamblers wouldn't even look at the amount or the rate of whatever currency they're gambling with. As long as they're enjoying, the price won't matter. For regular people like us, of course it will matter. I don't feel as easy gambling with btc amounts now compared to before when the price is a lot lower.
 

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June 23, 2017, 08:02:14 PM
 #235

However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

Indeed, and your statement actually for people who have a lot money/coins to spend to play gambling.
For people who don't have a lot coins, that's stupid decision if not consider the value of bitcoin.
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June 23, 2017, 08:50:44 PM
 #236

However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

Indeed, and your statement actually for people who have a lot money/coins to spend to play gambling.
For people who don't have a lot coins, that's stupid decision if not consider the value of bitcoin.

What you are saying is the same thing was done when the price was down, gamblers mostly dont see the price but they want the winning and betting in bitcoin means profit in bitcoin so value dont affect any gambler whether big or small all is same for gamblers.














 

 

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June 24, 2017, 06:12:40 AM
 #237

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.

You can still find sites to play poker with other cryptocurrencies....but I still use bitcoin.  If the site displays amounts in dollars, but doesn't actually convert, I will play with bitcoin....but if they convert it to fiat I wont because of the heavy swings lately. Here's a site where you can play poker with dogecoin: https://shibes.poker/ it's not a bad place....the regulars are really awesome people.

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June 24, 2017, 07:54:38 AM
 #238

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.
When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.
Cheaper fees with fast transactions is very good service to all of us who uses bitcoin and I also hope that will be implemented soon. With regards to altcoins it's dependency from bitcoin also matter in time from transaction of exchange sites, so gambling can be profitable in way of betting few amounts of btc and much more advantage if lesser fees on service transactions. In addition to that you can generate better profit and comfort of prompt transactions together with the nice service.

I'm satisfied now with the adjustment that blockchain.info has set with the fee. With the last transaction I made it's only 0.00015 BTC. And that fee was very low compare to those xapo users that are now paying 0.001 - 0.002 BTC priority fees for just to them to get confirmed immediately.

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June 24, 2017, 08:08:36 AM
 #239

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.
When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.
Cheaper fees with fast transactions is very good service to all of us who uses bitcoin and I also hope that will be implemented soon. With regards to altcoins it's dependency from bitcoin also matter in time from transaction of exchange sites, so gambling can be profitable in way of betting few amounts of btc and much more advantage if lesser fees on service transactions. In addition to that you can generate better profit and comfort of prompt transactions together with the nice service.

I'm satisfied now with the adjustment that blockchain.info has set with the fee. With the last transaction I made it's only 0.00015 BTC. And that fee was very low compare to those xapo users that are now paying 0.001 - 0.002 BTC priority fees for just to them to get confirmed immediately.
Is that true? I guess need to use up blockchain wallet again since i left this wallet when the fee rose up on 0.001 going back in the past but as you said now they lower the fee which is really a good thing for me. Its just really normal to think that the higher fee the faster it confirms. Btc isnt expensive to gamble since we are always basing on the current exchange of fiat.

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June 24, 2017, 08:11:10 AM
 #240

what do you mean expensive ? you don't have to bet with 1 btc ! just adjust the amount you want to bet with. but if you are looking for altcoins gambling i think you can play dice in exchanges  like "yobit,nova....'
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