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Author Topic: BTC getting too expensive to gamble with  (Read 8369 times)
unusualfacts30
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August 31, 2017, 05:50:39 AM
 #361

I don't use BTC for gambling anymore because it's fee is too high and it's worth a lot at this point. I prefer using Doge or any other altcoin that isn't worth $300+, LTC is a good choice.

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December 03, 2017, 09:23:12 AM
 #362

Yes, I also think that way. Just imagine, if 1 BTC = 11169.80 US Dollar. Is there anybody who will bet? I myself would only bet 0.002 BTC only.

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December 03, 2017, 09:52:50 AM
 #363

Unless and until the fee of transaction not consider I have no option left to bet in gambling as the price is too much for tiny / occasional fun player not affordable. So some one has to tie the bell in cats neck to alert about it. Other wise we have look altcoin which give us the liberty in the fees.

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December 03, 2017, 10:16:56 AM
 #364

I don't use BTC for gambling anymore because it's fee is too high and it's worth a lot at this point. I prefer using Doge or any other altcoin that isn't worth $300+, LTC is a good choice.

Not only you but many small amount betters are not preferring bitcoin because of its high fee and slow confirmations compared to some of other good altcoins. Even after paying high fee sometimes need to wait a long time to get transaction confirmation so I use either ETH or LTC to play dice game sometimes.

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December 03, 2017, 11:05:03 AM
 #365

I don't use BTC for gambling anymore because it's fee is too high and it's worth a lot at this point. I prefer using Doge or any other altcoin that isn't worth $300+, LTC is a good choice.

Not only you but many small amount betters are not preferring bitcoin because of its high fee and slow confirmations compared to some of other good altcoins. Even after paying high fee sometimes need to wait a long time to get transaction confirmation so I use either ETH or LTC to play dice game sometimes.

I keep small amount of satoshi on dice gambling site, therefore I can avoid to get headache with the slow confirmation time. If I lost it all, I am not in a hurry to gamble again. I will patiently wait till my deposit got a confirmation. Tbh, slow confirmation give me a good advantage too. I don't gamble as often as before.

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December 06, 2017, 07:15:22 AM
 #366

I don't use BTC for gambling anymore because it's fee is too high and it's worth a lot at this point. I prefer using Doge or any other altcoin that isn't worth $300+, LTC is a good choice.

Not only you but many small amount betters are not preferring bitcoin because of its high fee and slow confirmations compared to some of other good altcoins. Even after paying high fee sometimes need to wait a long time to get transaction confirmation so I use either ETH or LTC to play dice game sometimes.
Well, apart from these few reason you have mentioned, there are many other factors which make people refrain from betting with bitcoin. Bitcoin is the most expensive coin of the crypto market and day by day it is highly increasing in value.

Bitcoin is not worth gambling rather it is worth holding for some good time period in order to make good amount of profit when you sell it off. I will never ever gamble with my bitcoin.

A
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December 06, 2017, 08:13:50 AM
 #367

I don't use BTC for gambling anymore because it's fee is too high and it's worth a lot at this point. I prefer using Doge or any other altcoin that isn't worth $300+, LTC is a good choice.

Not only you but many small amount betters are not preferring bitcoin because of its high fee and slow confirmations compared to some of other good altcoins. Even after paying high fee sometimes need to wait a long time to get transaction confirmation so I use either ETH or LTC to play dice game sometimes.

I keep small amount of satoshi on dice gambling site, therefore I can avoid to get headache with the slow confirmation time. If I lost it all, I am not in a hurry to gamble again. I will patiently wait till my deposit got a confirmation. Tbh, slow confirmation give me a good advantage too. I don't gamble as often as before.
That's correct because we will be able to breath and realize that we should not be in a hurry in gambling, when we are too emotional we always end up losing more, so the control is really necessary to minimize our loses and to still have a chance to gamble the following day.

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December 06, 2017, 01:34:42 PM
 #368

That's correct because we will be able to breath and realize that we should not be in a hurry in gambling, when we are too emotional we always end up losing more, so the control is really necessary to minimize our loses and to still have a chance to gamble the following day.

Not really because what will make us lose less is when we are able to set out limit and follow it. If we are still playing for profit then sooner or later we are just going to bust. It is a matter of time but if we could control it then it wont happen. Besides that, it is getting too expensive that even 1 mbtc now cost over $10 which is alot now



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December 06, 2017, 01:55:43 PM
 #369

That's correct because we will be able to breath and realize that we should not be in a hurry in gambling, when we are too emotional we always end up losing more, so the control is really necessary to minimize our loses and to still have a chance to gamble the following day.

Not really because what will make us lose less is when we are able to set out limit and follow it. If we are still playing for profit then sooner or later we are just going to bust. It is a matter of time but if we could control it then it wont happen. Besides that, it is getting too expensive that even 1 mbtc now cost over $10 which is alot now

we can make a limit but most of the people will break this limit and play more games because of there greediness. When you can control your greediness, then you won't lose more money in gambling. And now bitcoin price is too expensive, so I stopped to play gambling with bitcoins.

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December 06, 2017, 04:22:13 PM
 #370

That's correct because we will be able to breath and realize that we should not be in a hurry in gambling, when we are too emotional we always end up losing more, so the control is really necessary to minimize our loses and to still have a chance to gamble the following day.

Not really because what will make us lose less is when we are able to set out limit and follow it. If we are still playing for profit then sooner or later we are just going to bust. It is a matter of time but if we could control it then it wont happen. Besides that, it is getting too expensive that even 1 mbtc now cost over $10 which is alot now

we can make a limit but most of the people will break this limit and play more games because of there greediness. When you can control your greediness, then you won't lose more money in gambling. And now bitcoin price is too expensive, so I stopped to play gambling with bitcoins.

I agree, but it is very hard to control greediness in gambling if you are winning, what more if you are losing. If we are a responsible user of bitcoin, then we could stop gambling by now if we value our precious bitcoins. It would be more better if we are going to hold our bitcoins for now to have such profits like what we are expecting in gambling.

   
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December 06, 2017, 04:39:01 PM
 #371

I personally liked LTC when it was like 200+ LTC for just one bitcoin. I mean I am talking about when LTC was used to be around 1 ltc per 0.002btc. Playing with LTC was always fun but since its price has been doubled since the few months. I like doges now. They are pretty fast and easy to play with and also they don't cost that much as btc or ltc does nowadays.
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December 06, 2017, 10:37:55 PM
 #372

That's correct because we will be able to breath and realize that we should not be in a hurry in gambling, when we are too emotional we always end up losing more, so the control is really necessary to minimize our loses and to still have a chance to gamble the following day.

Not really because what will make us lose less is when we are able to set out limit and follow it. If we are still playing for profit then sooner or later we are just going to bust. It is a matter of time but if we could control it then it wont happen. Besides that, it is getting too expensive that even 1 mbtc now cost over $10 which is alot now
That is right with the increasing price of bitcoin it is necessary to reset our limit about the amount of money for which we are going to play gambling. for example my day limit for playing gambling was 0.01 but with the increasing price of bitcoin ow i have changed the limit and reset my limit to 0.005BTC. I do not think that it is such a difficult job. That is more easy for such people who are converting their fiat into bitcoin for playing gambling, but for those people who earn bitcoin and they play gambling on it may be a little difficult for them to manage.

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December 07, 2017, 02:38:28 AM
 #373

That's correct because we will be able to breath and realize that we should not be in a hurry in gambling, when we are too emotional we always end up losing more, so the control is really necessary to minimize our loses and to still have a chance to gamble the following day.

Not really because what will make us lose less is when we are able to set out limit and follow it. If we are still playing for profit then sooner or later we are just going to bust. It is a matter of time but if we could control it then it wont happen. Besides that, it is getting too expensive that even 1 mbtc now cost over $10 which is alot now
Losing is inevitable so expect that to happen, if you do not want to lose then you should not gamble, the reality is we are having fun with gambling although we know the risk. Problem will only come when we will fail in managing the risk, example are when we spend beyond our limit, but if we stay discipline and even if we are losing, there will be no problem in the future as we know losing is just part of the game.

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December 07, 2017, 04:50:32 AM
 #374

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.

Mostly online gamblers like to play with bitcoin, becasue they started gambling with bitcoin and also i am one of them. I play online gambling only with bitcoin, although bitcoin is expensive to be depositing and playing right now but bitcoin made me gambler, that's why it is not easy to me to left it and play with other crypto currency.

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December 07, 2017, 06:17:36 AM
 #375

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.

When it comes to alt coin gambling there's only one stop for me. Its fun to visit yobit's dice game because you can get a lot of dead coins and just dice it away. And this is only good if you are just looking for the fun side of dicing. But if you want serious gambling, you can go at betcoin.ag they are accepting BTC,LTC and ETH.
yeah i agree with you mate,and you can bet many Altcoins
so you dont have to deposit bitcoin for betting.i enjoy playing dice
and so much fun.because its very friendly user game so anyone can
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December 07, 2017, 06:54:23 AM
 #376

I think it's true that the price of bitcoin is high and it's hard to play games for any gamblings because bitcoin does not cost you money, because bitcoin is now so difficult for others to gamble because of extremely high prices bitcoin is fast enough to beat it, you need big money so bitcoin gamble is also very difficult because the money is small because you can easily lose it.

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December 07, 2017, 07:22:12 AM
 #377

Yes, I also think that way. Just imagine, if 1 BTC = 11169.80 US Dollar. Is there anybody who will bet? I myself would only bet 0.002 BTC only.

Not an ideal thing to gamble with bitcoin, the price of it will continue to soar high and you might loose those opportunity just because of gambling. Since most of online gambling runs with bitcoin I can say that those people who will use it is surely a risk taker.
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December 07, 2017, 08:07:17 AM
 #378

Yes, I also think that way. Just imagine, if 1 BTC = 11169.80 US Dollar. Is there anybody who will bet? I myself would only bet 0.002 BTC only.

Not an ideal thing to gamble with bitcoin, the price of it will continue to soar high and you might loose those opportunity just because of gambling. Since most of online gambling runs with bitcoin I can say that those people who will use it is surely a risk taker.

I guess the higher the risk the more experience he had. Because i too was betting .002 but that was during the older times. Sometimes i lose but i take it as if nothing happened. But i wont really trust these gambling site, because it is now easy to make gambling with just some knowledge, nowadays it is not easy to know what are the real goals of these sites if it is for a longterm profit or scam.

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December 07, 2017, 10:14:03 AM
 #379

Yes, I also think that way. Just imagine, if 1 BTC = 11169.80 US Dollar. Is there anybody who will bet? I myself would only bet 0.002 BTC only.
BTC is almost $15k now and it's bit expensive to gamble with. one could still gamble with BTC, but tx fees are high(~$7 for each transaction). i'm using ETH and LTC for gambling, would definitely switch back to BTC once fees are lower.

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December 07, 2017, 02:25:29 PM
 #380

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.

Mostly online gamblers like to play with bitcoin, becasue they started gambling with bitcoin and also i am one of them. I play online gambling only with bitcoin, although bitcoin is expensive to be depositing and playing right now but bitcoin made me gambler, that's why it is not easy to me to left it and play with other crypto currency.
indeed the most popular gambling sites normally choose bitcoin as their service part and if we see the current gambling sites indeed only several of them accept altcoin options and the popularity of gambling sites with altcoin will be lack if we compare between them but everyday bitcoin more and more expensive so although only small amount of bitcoin but it will be so expensive now

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