BTC getting too expensive to gamble with

[STT]

Casinos have been open to alt coin for a while now because of the unfair pressure that transaction fees added and would have impeded their business otherwise.    Adjusting fees to account for BTC price would be a big deal when it can double in value or more, anything rigid is going to accumulate into discouraging any potential business.

One site I used with deposits have never adjusted their withdrawal fee, not from the days BTC was 2 or 3 digits.   So if I want my money back they are demanding I pay them 0.1 BTC and they find that behaviour reasonable, obviously its extortion and stubbornness in their own favour.

Luckily I dont have much there but any inclination for a company not to stay upto date with the price would be seen that way and customers would become extremely wary.   Otherwise BTC rising is not a problem by itself, bets scale thats all.   The positive flip side to that is many bets allow such tiny amounts as BTC has been much higher previously,  I like that as I can bet small while learning

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[mich]

Its only going to get more expensive as the price continues to increase.
I just sent a BTC transaction and it cost me about $1 which is about 99 cents too much.
For this reason alone I am not gambling as much since it costs me too much to send the BTC.

[sunsilk]

Its only going to get more expensive as the price continues to increase.
I just sent a BTC transaction and it cost me about $1 which is about 99 cents too much.
For this reason alone I am not gambling as much since it costs me too much to send the BTC.

If the deposited amount isn't that much, a $1 fee is too much. But when it comes to fees, I'm not really looking to it as long as the deposited amount is also high.

As an alternative, you can convert it first to litecoin, dogecoin or Ethereum so you can save yourself on fees.

[rodel caling]

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.

Yeah because bitcoin is getting too expensive their price then you we can use altcoins, I can use dogecoin or litecoins.

Its only going to get more expensive as the price continues to increase.
I just sent a BTC transaction and it cost me about $1 which is about 99 cents too much.
For this reason alone I am not gambling as much since it costs me too much to send the BTC.

If the deposited amount isn't that much, a $1 fee is too much. But when it comes to fees, I'm not really looking to it as long as the deposited amount is also high.

As an alternative, you can convert it first to litecoin, dogecoin or Ethereum so you can save yourself on fees.

I agree with mate ignore the fees to avoid hurting of high transactions yes $1 is much especially if the player want to spent money a small capital for their just relaxing.

[Duzter]

The market will always fluctuate, no matter how big or the low is the price of bitcoin. We need to spend what is affordable to loss with comparison to the current market price of bitcoin. I've experienced luck, once I spend $50 on sports betting and before the match got over there is a big increase in the price of bitcoin. This gave me additional $10 when my winning fund got credited.

[swogerino]

The market will always fluctuate, no matter how big or the low is the price of bitcoin. We need to spend what is affordable to loss with comparison to the current market price of bitcoin. I've experienced luck, once I spend $50 on sports betting and before the match got over there is a big increase in the price of bitcoin. This gave me additional $10 when my winning fund got credited.

Bitcoin price has a specific that it is quite unstable.The price always fluctuate so you can check the price in preev or bitstamp before deciding to play.

Today bitcoin is continuing the trend of going up and it even may go more and more on the upside.If Bitcoin is too expensive to play with there is Ethereum or Litecoin which you can play.

[futile-resistance]

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.

Actually bitcoin , was really expensive. Why ? Because of its too high price that's makes it more expensive. Aside from that bitcoin was the main coin use in gambling because if you won using this coin , then you actually won a huge amountbof money.  But as you can see even if the value of bitcoin was too expensive its many gambler are still using it and believe that bitcoin will give them a huge income.

I think the real problem is the volality of bitcoin because people are afraid the their money losing their value overtime. When you buy bitcoin and deposit it on a gambling site you have the same amount of money you have spent because the value of bitcoin is the same but if you hold it there for a few months that value will change since the price of bitcoin will also change.

If anyone thinks BTC is getting too expensive as per the time then you need to use various altcoins for the gambling. That's why Eosbet has come with BTC along with EOS and LTC. So you can play many games by making use of different cryptocurrencies.

These things make crypto and gambling connections stronger according to the time. Because of the team's continuous versatile behaviour users has been supporting the Eosbet since from the beginning. I hope in future they may come with more coins as well as games.

[nydiacaskey01]

Gambling on BTC looks and feels expensive if you will get your money out from your pocket to buy Bitcoin and then gamble. However, if you online casino is funded with Bitcoin already, you will not feel that way. It's the same feeling in trading. If I buy a shoes worth $100 I would have think twice or thrice for that, but if I am going to buy ETH or EOS using my BTC in a trading platform, I will not think of it twice specially if I see an opportunity.

[maydna]

The market will always fluctuate, no matter how big or the low is the price of bitcoin. We need to spend what is affordable to loss with comparison to the current market price of bitcoin. I've experienced luck, once I spend $50 on sports betting and before the match got over there is a big increase in the price of bitcoin. This gave me additional $10 when my winning fund got credited.

Lucky you because at that time, you were winning and you got an additional $10. But if at that time you lose, then perhaps you lose $10 too. Many people still prefer to gamble with bitcoin, but many others are worried if they use bitcoin for gamble. Yes, the market always fluctuates and we don't know when the price is up and down. And with the situation now, I guess the gamblers will think more to use bitcoin, but I think there still gambler who use bitcoin to continue gambling. I still prefer altcoin for gamble because the price was not too expensive and there are so many altcoins which I can choose to place the bets.

[cryptjh]

As bitcoins getting more expensive then you can just lower the number of satoshis you bet with, in each bet, most gamblings site also offers other cryptocurrencies to gamble with. Personally, I prefer to gamble with altcoins instead of bitcoins, my goal in crypto has always been to get more bitcoins each month and altcoins trading has been one way to get more bitcoins, I use some of the profit from altcoin trading to gambling.

[sunsilk]

I agree with mate ignore the fees to avoid hurting of high transactions yes $1 is much especially if the player want to spent money a small capital for their just relaxing.

For small amount of deposits, $1 seems to be high but it's all due to the network congestion. I paid for about nearly $1 few days ago but it doesn't really hurt me that much. Although transfers should really have low transaction fee because it's one of the main highlight of bitcoin.

Gambling on BTC looks and feels expensive if you will get your money out from your pocket to buy Bitcoin and then gamble. However, if you online casino is funded with Bitcoin already, you will not feel that way. It's the same feeling in trading. If I buy a shoes worth $100 I would have think twice or thrice for that, but if I am going to buy ETH or EOS using my BTC in a trading platform, I will not think of it twice specially if I see an opportunity.

Yeah that's what I feel, when I have bitcoin ready to gamble you wouldn't feel the fee.

[Bitcoinsummoner]

Yeah because bitcoin is getting too expensive their price then you we can use altcoins, I can use dogecoin or litecoins.

How bitoin is become expensive I am not sure and curious to know. When 1 btc was 3300$ then if you bet for 1 bitcoin then if now price is 6600$ (for example) then why you are not betting for 0.5BTC then the cost will be same. I apply this technique.

[Golftech]

As bitcoins getting more expensive then you can just lower the number of satoshis you bet with, in each bet, most gamblings site also offers other cryptocurrencies to gamble with. Personally, I prefer to gamble with altcoins instead of bitcoins, my goal in crypto has always been to get more bitcoins each month and altcoins trading has been one way to get more bitcoins, I use some of the profit from altcoin trading to gambling.

Basing your every bets to fiat value will allow you to adjust with each bitcoin or alt coins to use inside the gambling market, it's expensive if you will keep using the same amount of your crypto's  even the value from fiat pairs is rising, in order not to feel this way keep your budget with fiat and convert only
what you can afford to lose.

[emberbekas]

Yeah because bitcoin is getting too expensive their price then you we can use altcoins, I can use dogecoin or litecoins.

How bitoin is become expensive I am not sure and curious to know. When 1 btc was 3300$ then if you bet for 1 bitcoin then if now price is 6600$ (for example) then why you are not betting for 0.5BTC then the cost will be same. I apply this technique.

Yes, we can adjust the size of our bets instead of converting it into alts. I do it too based on price movements. Increase the size when prices are in a downtrend and vice versa. I will use alts when bitcoin transaction is busy and takes a long time to get a confirmation.

[xWolfx]

One site I used with deposits have never adjusted their withdrawal fee, not from the days BTC was 2 or 3 digits.   So if I want my money back they are demanding I pay them 0.1 BTC and they find that behaviour reasonable, obviously its extortion and stubbornness in their own favour.

Luckily I dont have much there but any inclination for a company not to stay upto date with the price would be seen that way and customers would become extremely wary.   Otherwise BTC rising is not a problem by itself, bets scale thats all.   The positive flip side to that is many bets allow such tiny amounts as BTC has been much higher previously,  I like that as I can bet small while learning

Of course! - They should be updating the price of bets live according to the price of BTC or any other alt they are using for their service.

And from my point of view, we shouldn't be really careful and/or give a suggestion to that kind of casinos if you really really really enjoy their service to see if maybe they improve and are open to suggestions. A service that is open to suggestions is a really good and strong service that will probably last a long time.

[MFahad]

The market will always fluctuate, no matter how big or the low is the price of bitcoin. We need to spend what is affordable to loss with comparison to the current market price of bitcoin. I've experienced luck, once I spend $50 on sports betting and before the match got over there is a big increase in the price of bitcoin. This gave me additional $10 when my winning fund got credited.

Yeah, bitcoin price all the time fluctuate, but if we afford it then better to bet only with bitcoin, it will great for us if we win in game, and i always prefer bitcoin for betting in sports because as i think, i can play good in sports that's why i use bitcoin, but in other game like dice i use altcoin. So we could manage our bitcoin and altcoin in playing gambling.

[Cherylstar86]

One site I used with deposits have never adjusted their withdrawal fee, not from the days BTC was 2 or 3 digits.   So if I want my money back they are demanding I pay them 0.1 BTC and they find that behaviour reasonable, obviously its extortion and stubbornness in their own favour.

Luckily I dont have much there but any inclination for a company not to stay upto date with the price would be seen that way and customers would become extremely wary.   Otherwise BTC rising is not a problem by itself, bets scale thats all.   The positive flip side to that is many bets allow such tiny amounts as BTC has been much higher previously,  I like that as I can bet small while learning

Of course! - They should be updating the price of bets live according to the price of BTC or any other alt they are using for their service.

And from my point of view, we shouldn't be really careful and/or give a suggestion to that kind of casinos if you really really really enjoy their service to see if maybe they improve and are open to suggestions. A service that is open to suggestions is a really good and strong service that will probably last a long time.

  I think we have to be more cautious or careful for every gamble we penetrated, because a huge of chance of loses when we are lack of knowledge on dealing the consequences. As the current value of bitcoin grow immensely, in gamble we have to spend and take the risk to earn accmmullate profits, the more we spend huge capital, the mere money we gain.

[leea-1334]

Its only going to get more expensive as the price continues to increase.
I just sent a BTC transaction and it cost me about $1 which is about 99 cents too much.
For this reason alone I am not gambling as much since it costs me too much to send the BTC.

You are 100% overpaying. I have been sending myself exactly on 9 May a day after you posted this and I used 1 sat/byte according to normal settings. It took me 8 hours but I do not mind,,, and if I wanted it faster 11 sats/byte was supposed to take me maximum 2 blocks to get confirmed.

That means I paid not even 1 cent. Anyway,,, if you cannot even pay $1 for gambling, then are you really a gambler? How many times you deposit anyway?

[Viscore]

Its only going to get more expensive as the price continues to increase.
I just sent a BTC transaction and it cost me about $1 which is about 99 cents too much.
For this reason alone I am not gambling as much since it costs me too much to send the BTC.

You are 100% overpaying. I have been sending myself exactly on 9 May a day after you posted this and I used 1 sat/byte according to normal settings. It took me 8 hours but I do not mind,,, and if I wanted it faster 11 sats/byte was supposed to take me maximum 2 blocks to get confirmed.

That means I paid not even 1 cent. Anyway,,, if you cannot even pay $1 for gambling, then are you really a gambler? How many times you deposit anyway?

The fee will increase as the price of bitcoin increase or if bitcoin is bullish.

I am constantly doing deposits and withdrawals and every time I send from my wallet, I should set the fee to .70 usd or more to confirm faster.
When I withdraw, I also noticed that trading sites paid over $1 for transaction fee and they don't charge me anything on that, they have a free fee for every withdrawal.

[slaman29]

The fee will increase as the price of bitcoin increase or if bitcoin is bullish.

I am constantly doing deposits and withdrawals and every time I send from my wallet, I should set the fee to .70 usd or more to confirm faster.
When I withdraw, I also noticed that trading sites paid over $1 for transaction fee and they don't charge me anything on that, they have a free fee for every withdrawal.

That is absolutely untrue, there have been coincidences but no, the fee has always stayed more or less the same in satoshi, but you feel the pinch because of Bitcoin's ever increasing price. In fact, that's also not accurate. Ever since new upgrades, Segwit being the most obvious, fees have been decreasing in terms of satoshi. More transactions inside a block and smaller transactions so of course fees are cheaper.

What kind of wallet lets you set fees in USD? That's a very strange wallet.