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Author Topic: BTC getting too expensive to gamble with  (Read 8148 times)
babsalt1975
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June 24, 2017, 08:17:25 AM
 #241

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
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June 24, 2017, 09:06:33 AM
 #242

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

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June 24, 2017, 09:40:48 AM
 #243

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

+1 from me. Gambling should accept low value coins with low transaction fees like dogecoins.

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June 24, 2017, 12:22:43 PM
 #244

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

this is what i like from playing gambling with altcoin especially with dogecoin, because the coins is not too expensive and we can buy many of dogecoin with not to big budget. beside that, if we can win from the games, we can get much of coins so we can save it or send it into other wallet in the exchange while we can wait the price is increase. i have bad experience too in bitcoin gambling so i think its really worth for me to keep my bitcoin only in my wallet and not using for gambling.

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June 24, 2017, 04:31:44 PM
 #245

It is merely a ratio and nothing more. If bitcoin doubles in price you simply bet half the bitcoins you normally would. I really dont see the issue.

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

+1 from me. Gambling should accept low value coins with low transaction fees like dogecoins.

I agree. It will attract more players. Not everyone want to bet high amounts so I get what you saying.

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June 24, 2017, 05:21:45 PM
 #246

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

this is what i like from playing gambling with altcoin especially with dogecoin, because the coins is not too expensive and we can buy many of dogecoin with not to big budget. beside that, if we can win from the games, we can get much of coins so we can save it or send it into other wallet in the exchange while we can wait the price is increase. i have bad experience too in bitcoin gambling so i think its really worth for me to keep my bitcoin only in my wallet and not using for gambling.

I already stopped gambling with bitcoin. It took me a while to decide though, but with the high transaction fee, I don't really have a choice. I now play with dogecoin  as well and just like what you said not that expensive so that you can get huge amount for you gambling purposes.

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June 24, 2017, 07:31:07 PM
 #247

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

this is what i like from playing gambling with altcoin especially with dogecoin, because the coins is not too expensive and we can buy many of dogecoin with not to big budget. beside that, if we can win from the games, we can get much of coins so we can save it or send it into other wallet in the exchange while we can wait the price is increase. i have bad experience too in bitcoin gambling so i think its really worth for me to keep my bitcoin only in my wallet and not using for gambling.

I already stopped gambling with bitcoin. It took me a while to decide though, but with the high transaction fee, I don't really have a choice. I now play with dogecoin  as well and just like what you said not that expensive so that you can get huge amount for you gambling purposes.

I've been gambling with doge for a long time now. The best part doge is you almost pay no transaction fees. And you even can bet with really small amounts which makes you bet crazy multipliers.

I like to do a crazy coupon evertime. Like Cavs beating GSW and using like 100 doge would be perfect bet for that. Smiley

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June 24, 2017, 07:37:05 PM
 #248


I've been gambling with doge for a long time now. The best part doge is you almost pay no transaction fees. And you even can bet with really small amounts which makes you bet crazy multipliers.

I like to do a crazy coupon evertime. Like Cavs beating GSW and using like 100 doge would be perfect bet for that. Smiley

I will spend time instead to deal with the high transaction fees in bitcoin but with great profit rather to use an altcoin which profit is a joke. I don't mind paying 500,000 satoshis if the earning is for let's say BTC0.08 with a capital of BTC0.01 (odds @ Cool. High to consider but still great compare to other altcoin.

For Doge? Even x20 or x200 odds will not give you good profit even you have no transaction fees.

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June 24, 2017, 11:02:34 PM
 #249

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....'

Well...I'm not quite sure the dice site on yobit is such a good idea.  I've seen some very odd behavior with their dice feature and there's no way to prove their script.  In fact, huge portions of your personal betting histories just disappear so you can't even perform a statistical analysis audit of your own performances.

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June 25, 2017, 01:54:54 AM
 #250

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

this is what i like from playing gambling with altcoin especially with dogecoin, because the coins is not too expensive and we can buy many of dogecoin with not to big budget. beside that, if we can win from the games, we can get much of coins so we can save it or send it into other wallet in the exchange while we can wait the price is increase. i have bad experience too in bitcoin gambling so i think its really worth for me to keep my bitcoin only in my wallet and not using for gambling.

I already stopped gambling with bitcoin. It took me a while to decide though, but with the high transaction fee, I don't really have a choice. I now play with dogecoin  as well and just like what you said not that expensive so that you can get huge amount for you gambling purposes.

Bitcoin price is not a big concern for most of the gamblers to play with but it's transaction fee and the time it takes to confirm your transaction. These are the two main reasons I too stopped gambling with bitcoins. If the price is high, then I still can gamble with a smaller amount of bitcoins but if the fee is high then why should one will waste money just for the transactions?

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June 25, 2017, 10:40:20 AM
 #251

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.
so,is that matter for you if bitcoin price too expensive?for betting? i think its advantage,because if you earn more then trade it into money,you will get more money,this is the first time i hear someone tlk about bitcoin price for gambling Cheesy but if you really want to try other crypto,just try with doge or eth,yobit is good playe,just play high or low game.

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June 25, 2017, 04:00:54 PM
 #252

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

+1 from me. Gambling should accept low value coins with low transaction fees like dogecoins.
indeed instead of gambling use bitcoin currently gambling use altcoin would be good option because besides the fees was pretty low also the confirmations for each transactions will faster rather than use bitcoin but you should not be worry because there are plenty gambling sites who accept popular altcoin such as Doge or ETH so you will easy found them

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June 25, 2017, 04:18:52 PM
 #253

It is merely a ratio and nothing more. If bitcoin doubles in price you simply bet half the bitcoins you normally would. I really dont see the issue.

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

+1 from me. Gambling should accept low value coins with low transaction fees like dogecoins.

I agree. It will attract more players. Not everyone want to bet high amounts so I get what you saying.

I think there are several gambling casino that is already accepting  dogecoins.  Though the idea of low value coins with low transaction fees is great, the drawback is if the gambling casino had made a mistake of accepting unstable low value coins with low volume trades, they might end up bagholdig worthless coins.  Anyway, there are already low transaction coins with low value that were accepted in different casinos.  Why not take advantage of them.

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June 25, 2017, 04:36:08 PM
 #254

It is merely a ratio and nothing more. If bitcoin doubles in price you simply bet half the bitcoins you normally would. I really dont see the issue.

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

+1 from me. Gambling should accept low value coins with low transaction fees like dogecoins.

I agree. It will attract more players. Not everyone want to bet high amounts so I get what you saying.

I think there are several gambling casino that is already accepting  dogecoins.  Though the idea of low value coins with low transaction fees is great, the drawback is if the gambling casino had made a mistake of accepting unstable low value coins with low volume trades, they might end up bagholdig worthless coins.  Anyway, there are already low transaction coins with low value that were accepted in different casinos.  Why not take advantage of them.

Not only dogecoin but casinos are now accepting eth and ltc as well as many other popular coins. Some of the coin developers starting making their own casino to make their coin active in the race of altcoins.
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June 25, 2017, 05:00:47 PM
 #255

It is merely a ratio and nothing more. If bitcoin doubles in price you simply bet half the bitcoins you normally would. I really dont see the issue.

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

+1 from me. Gambling should accept low value coins with low transaction fees like dogecoins.

I agree. It will attract more players. Not everyone want to bet high amounts so I get what you saying.

I think there are several gambling casino that is already accepting  dogecoins.  Though the idea of low value coins with low transaction fees is great, the drawback is if the gambling casino had made a mistake of accepting unstable low value coins with low volume trades, they might end up bagholdig worthless coins.  Anyway, there are already low transaction coins with low value that were accepted in different casinos.  Why not take advantage of them.

Not only dogecoin but casinos are now accepting eth and ltc as well as many other popular coins. Some of the coin developers starting making their own casino to make their coin active in the race of altcoins.
yes different casino are now accepting different, but if you are still interested to play gambling with bitcoin and you feel it expensive then you need to reduce the amount for which you normally play gambling and through this way you can reduce your gambling amount.

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June 25, 2017, 10:16:51 PM
 #256

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
You are right, man. There is a lot of gambling site that use cryptocurrencies, and in general bitcoin closed recently, because of high fees, for example Directbet.eu.
Fees nowdays are too high which it's not good for gambling sites if they pay your fees or it's not good for the gambler if gambling sites deducate fees from each bet you win.

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June 25, 2017, 10:32:25 PM
 #257

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.
You are right, man. There is a lot of gambling site that use cryptocurrencies, and in general bitcoin closed recently, because of high fees, for example Directbet.eu.
Fees nowdays are too high which it's not good for gambling sites if they pay your fees or it's not good for the gambler if gambling sites deducate fees from each bet you win.

i think in modern time now all the casinos are accepting not only bitcoin but so many other good altcoins, for example etherium, Dogecoin etc. so if you feel that it is now becoming hard to play gambling with bitcoin then you have more good chances to play it with the other cheap coins. to me i personally still using bitcoin but i reduce the amount for which i was playing gambling i past.
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June 25, 2017, 10:43:55 PM
 #258

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....'

Well...I'm not quite sure the dice site on yobit is such a good idea.  I've seen some very odd behavior with their dice feature and there's no way to prove their script.  In fact, huge portions of your personal betting histories just disappear so you can't even perform a statistical analysis audit of your own performances.

I tried to play dice on yobit and the only good thing there is if you want to enjoy dice for free, just go to their free claims of alt coins. After claiming you can now dice there for free.



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June 25, 2017, 10:59:45 PM
 #259

I dont see the progress of the currency affects the risk, you can always scale the amounts bet.    The rate of change might be relevant, you dont want to risk making a losing bet and find out tommorow the value has doubled making your loss greater then expected.

On the other hand sometimes people play all or nothing, maybe betting on the idea that if I dont get back my money now I'm going to lose more overall or have to substantially change my play/stop play all together.   Seems a risky mindset, bet small amounts and nothing too much relies on that one point in time.  If thats the case I dont agree with the OP about worth or rising value even being a problem

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June 25, 2017, 11:26:26 PM
 #260

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.

Yes try to check it out mate. I just used it from the last tuesday and when I saw the fee it's really low and I can't believe on it. But I don't have an idea if that is still their recommended fee as the fee of confirmation is changing most of the time. And I'm just one of those lucky people that has a lower fee hoping that it can be consistent.

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