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Author Topic: BTC getting too expensive to gamble with  (Read 8379 times)
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December 07, 2017, 04:07:45 PM
 #381

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.

Yeah,it is better to gamble with the altcoins than bitcoin because the price of bitcoin becomes so expensive so we have to hold our bitcoins for future purpose.Still we can gamble with less expensive altcoins to test our luckiness,if we are lucky enough we can get good profits so don't spend your most expensive asset for your gambling addiction for anymore.

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December 21, 2017, 03:00:50 AM
 #382

You can bet with altcoin at our service wbet7.com - We accept Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), DogeCoin (DOGE), MonaCoin (MONA), Vertcoin (VTC)...

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December 21, 2017, 03:15:04 AM
 #383

You can bet with altcoin at our service wbet7.com - We accept Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), DogeCoin (DOGE), MonaCoin (MONA), Vertcoin (VTC)...

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That you for sharing, looks like a new site, I just checked it but it seems like the odds are not competitive, I like to gamble with altcoins but I cannot sacrifice my bet for lower odds, I can get better odds with some sportsbook, so maybe try to make it more competitive so you can attract sports gamblers. Bitcoin is really high right now, that is why those sites who are accepting altcoins will become more popular but they need to be competitive.


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December 21, 2017, 03:59:58 AM
 #384

Bitcoin is really getting expensive right now, and most of us can't afford to buy btc if we wanted to deposit in that particular amount of bitcoin. Satoshies are also good, you can play even in a small amount and those betting gambling games that you can afford to bet.



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December 21, 2017, 10:42:41 PM
 #385

Well, it is. But I guess its still better to gamble bitcoin now before the price increases more. A matter of time is very essential in every investments or for gambling. When the price is high meaning the demand is high also. So the betting or pot money is high as well since many demanded to have bitcoin then most likely they will participate in gambling. More chances to win big also.














 

 

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December 21, 2017, 11:30:37 PM
 #386

Well you can just adjust your bet, using alt coin to gamble is also a good option, there are so many gambling places now accepting alt coin like doge, ETH or litecoin, I also limit my gambling now because the price is getting very expensive, betting small is enough for me because I only play for fun

Yes, that is correct we can always adjust our bet amount according to BTC price. I so for gambled only using BTC because I don't want to exchange only for gambling purpose. I usually bet on sports so it is very easy to adjust my bet amount for each game as per the BTC market price. But while playing dice game I need to be careful because I need to adjust the maximum bet amount I need to stop in case I get continuous losses.

Although bitcoin price is too expensive recently, of course we can adjust the amount of our bets. The only problem is with respect to the confirmation time. It is very common these days it takes us a long time to get a confirmation from a bitcoin transaction. As an alternative way, we can use dogecoin which tend to be stable and require only a small fee.
Ofcourse bitcoin become so much expensive , because of the high value and demands.
But if you really want bitcoin as your currency in playing you can just the amount of your bet.
Or better yet use some altcoin that could also bring you a profit.
There's a lot of altcoin that can replace bitcoin in playing games.
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December 21, 2017, 11:40:05 PM
 #387

Well, it is. But I guess its still better to gamble bitcoin now before the price increases more. A matter of time is very essential in every investments or for gambling. When the price is high meaning the demand is high also. So the betting or pot money is high as well since many demanded to have bitcoin then most likely they will participate in gambling. More chances to win big also.
Considering the fees now bitcoin gambling is really expensive but if you did deposit earlier this year or last year and you had some funds stored on a casino then you will not feel the expensiveness of sending payment and you'll just enjoy the high rate of bitcoin in portion.



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December 21, 2017, 11:58:41 PM
 #388

Agreed it costs way too much to gamble with right now.
Especially with the amount need to actually send the amount you are wanting to gamble with.

I heard that soon to be able to send out a transaction within a reasonable amount of time it will cost 0.0018 btc to do this soon.

That is more than the actual send in some cases.

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December 22, 2017, 04:03:21 AM
 #389

Well, it is. But I guess its still better to gamble bitcoin now before the price increases more. A matter of time is very essential in every investments or for gambling. When the price is high meaning the demand is high also. So the betting or pot money is high as well since many demanded to have bitcoin then most likely they will participate in gambling. More chances to win big also.
Considering the fees now bitcoin gambling is really expensive but if you did deposit earlier this year or last year and you had some funds stored on a casino then you will not feel the expensiveness of sending payment and you'll just enjoy the high rate of bitcoin in portion.

If it's too expensive, then don't always think about 1 btc, think about fractions, if the mind is still too complicated, there are altcoins that can be used for gambling, I think bitcoin is not too expensive to gamble because bitcoin is just a connecting medium. Asset turnover in the game is the most important and the latest btc price will double the revenue.


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December 22, 2017, 06:07:37 PM
 #390

And you are that someone makes to put bets in btc? For this there are Satoshi. You can always adjust the level of their rates. I only trust bitcoin because it is the most promising cryptocurrency.

Bitcoin is getting its value increased tremendously in past few weeks but that really doesnt make sense for not choosing bitcoin for gambling or playing games.

Bitcoin is one of the most trusted cryptocurrency and have the most experience in this field. Anyways, recently the value of bitcoin have seen a dip also. So the increase or decrease of value should not be a determining factor in matter of choosing to gamble or play with.

I agree with you that bitcoin is the most trusted platform for this kind of gambling purpose.

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December 22, 2017, 07:43:55 PM
 #391

It's getting difficult to use BTC as a digital currency to pay goods and make transfers due to the highest transaction fees on the market...
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December 22, 2017, 10:17:03 PM
 #392

It's getting difficult to use BTC as a digital currency to pay goods and make transfers due to the highest transaction fees on the market...

Still, using bitcoin in gambling is not a good idea because of its price. The only problem with bitcoin right now is the transaction fees but In gambling you will surely face a big problem from being loose because the price of bitcoin continues to soar high. Better to use some fiat money or other token.

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December 22, 2017, 10:31:17 PM
 #393

Well, it is. But I guess its still better to gamble bitcoin now before the price increases more. A matter of time is very essential in every investments or for gambling. When the price is high meaning the demand is high also. So the betting or pot money is high as well since many demanded to have bitcoin then most likely they will participate in gambling. More chances to win big also.
Considering the fees now bitcoin gambling is really expensive but if you did deposit earlier this year or last year and you had some funds stored on a casino then you will not feel the expensiveness of sending payment and you'll just enjoy the high rate of bitcoin in portion.

If it's too expensive, then don't always think about 1 btc, think about fractions, if the mind is still too complicated, there are altcoins that can be used for gambling, I think bitcoin is not too expensive to gamble because bitcoin is just a connecting medium. Asset turnover in the game is the most important and the latest btc price will double the revenue.

Even if I'll think about the fractions it's painful every time we are calculating the conversion of that fraction in the current price of bitcoin. If you think that bitcoin isn't too expensive then you probably a person that holds a lot of bitcoin and you can't feel the pain for the fees.



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Rainbot
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December 22, 2017, 10:55:20 PM
 #394

You can bet with altcoin at our service wbet7.com - We accept Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), DogeCoin (DOGE), MonaCoin (MONA), Vertcoin (VTC)...

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I will look at the site since you accept other coins and at the moment I do not have use a site that uses litecoin or ethereum yet.
But how can you claim to do automatic and instant payment when bitcoin is being used?
They require to have 1 confirmation and if someone sends it without a high enough transaction fee designated for the miners fee then it won't receive that 1 confirmation for days if not weeks according to how the number of unconfirmed transactions keep climbing and climbing in the past couple of days now and does not seem to be stopping at any point anytime soon. Undecided

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December 23, 2017, 12:19:38 AM
 #395

I totally agree with that. Bitcoin surpassed 15.000$ and it's a bit expensive to gamble with. As a gambler, i used to play with bitcoin but not anymore. I quited online casinos and sports sites and i switched to card games. I do not play much card games so i'm not playing much this current period of time.
Bitcoin raised so fast and became so expensive. I honestly rather stock it instead on wasting it on random gamblings.

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December 23, 2017, 01:34:15 AM
 #396

Well, it is. But I guess its still better to gamble bitcoin now before the price increases more. A matter of time is very essential in every investments or for gambling. When the price is high meaning the demand is high also. So the betting or pot money is high as well since many demanded to have bitcoin then most likely they will participate in gambling. More chances to win big also.
Considering the fees now bitcoin gambling is really expensive but if you did deposit earlier this year or last year and you had some funds stored on a casino then you will not feel the expensiveness of sending payment and you'll just enjoy the high rate of bitcoin in portion.

If it's too expensive, then don't always think about 1 btc, think about fractions, if the mind is still too complicated, there are altcoins that can be used for gambling, I think bitcoin is not too expensive to gamble because bitcoin is just a connecting medium. Asset turnover in the game is the most important and the latest btc price will double the revenue.

Even if I'll think about the fractions it's painful every time we are calculating the conversion of that fraction in the current price of bitcoin. If you think that bitcoin isn't too expensive then you probably a person that holds a lot of bitcoin and you can't feel the pain for the fees.

I think mostly those rich one will really feel if they loose it or fees because mostly of the rich one or had a lot of bitcoin is really into fees because they feel that the greater the bitcoin they hold the greater the fee because of that they feel the pain , they feel the high fees. On the other side, bitcoin is keep rising yesterday now its falling again but i think mostly of the gamblers will more likely to gamble when it comes to big money because in returns it is a big profit if they won, The bigger the better for them.

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Nanot
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December 23, 2017, 01:58:19 AM
 #397

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.

Bitcoin now is very expensive ,lts so much e exciting to win in gambling that every gambler wants to grab it because if you win ,it's like you win in a jackpot game.Bitcoin price is very much interesting Now Eveybodys monitoring for the price increase. Gamblers are more greedy now because bitcoin is very high.

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December 23, 2017, 05:59:08 PM
 #398

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.

Bitcoin now is very expensive ,lts so much e exciting to win in gambling that every gambler wants to grab it because if you win ,it's like you win in a jackpot game.Bitcoin price is very much interesting Now Eveybodys monitoring for the price increase. Gamblers are more greedy now because bitcoin is very high.

Price doesn't really matter for a hardcore gambler and even if btc shoots up to over 25k$, i don't think they'll even flinch. Now its a different story for regular people. They'd probably think that the amount to gamble can go to more importsnt needs than gambling

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December 23, 2017, 07:06:54 PM
 #399

The mining fees alone get many discouraged in gambling. I read online were a gaming site has to stop using bitcoin as a mode of payment because of the fee customers pay for transactions. We can see that gambling is a very high risk investment and putting your bitcoin into gambling is not encourage.

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December 23, 2017, 08:05:48 PM
 #400

The mining fees alone get many discouraged in gambling. I read online were a gaming site has to stop using bitcoin as a mode of payment because of the fee customers pay for transactions. We can see that gambling is a very high risk investment and putting your bitcoin into gambling is not encourage.

Most sites just deduct specific amount from your withdrawal although they are going to pay more for it. Some sites dont let you withdraw instantly unless the other withdraw as well so that they can save some fees.

While some others give you an option either to get an instant withdrawal by paying higher fees or let it sit there until there are other withdrawal so that you can save some fees
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