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Barbut
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July 31, 2017, 03:24:20 PM |
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Yes it's worth to gamble with bitcoins, I don't see why price of bitcoin is important. Simply you know how much bitcoins you have and by your bankroll you determine your bets. There is other way, you know how much you can spent in dollars but in this way when ever the price is rising you need to lower the bets and you are on the same.
I support what other people say, bitcoin price can go up but then our win is higher in dollars. That is great for long term gamblers, addition to that if you save a bit from every win one day you will have thousands maybe millions in that saving.
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Babyrica0226
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July 31, 2017, 04:23:29 PM |
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I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
This will depend in the players on gambling of course. Gambling for me in my opinion it will become worth only if my fortune will always depend in luck especially if I win, well that's the time I could says its profitable anyway. |
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Gameroid
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July 31, 2017, 11:41:15 PM
Last edit: August 01, 2017, 02:51:20 AM by Gameroid |
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I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
This will depend in the players on gambling of course. Gambling for me in my opinion it will become worth only if my fortune will always depend in luck especially if I win, well that's the time I could says its profitable anyway. yes that is right that it is different from person to person. to when the price of bitcoin increases then i decrease the amount of money that i have spare for gambling, because i mostly convert my money in to bitcoin to play gambling with therefore i most keep my limit for playing gambling. |
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Oo ako to
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August 02, 2017, 01:57:07 AM |
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Yes. Imagine that you won 1 bitcoin and its value right now is $2000. After a year it became $4000. Betting with bitcoin is more profitable than fiat because it is rising every now and then. Just continue to win and keep those bitcoins because it will make you filthy rich someday.
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wildflower18
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August 02, 2017, 05:33:00 AM |
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Yes. Imagine that you won 1 bitcoin and its value right now is $2000. After a year it became $4000. Betting with bitcoin is more profitable than fiat because it is rising every now and then. Just continue to win and keep those bitcoins because it will make you filthy rich someday.
Depends on the person who gamble. It is worth for me using bitcoin for gambling if at the end Im lucky enough to win game. I must say worth it all if Im winning the game even price is rising and much better than fiat. |
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Bitinity
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Activity: 3262
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Top-tier crypto casino and sportsbook
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August 02, 2017, 07:42:14 AM |
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Yes. Imagine that you won 1 bitcoin and its value right now is $2000. After a year it became $4000. Betting with bitcoin is more profitable than fiat because it is rising every now and then. Just continue to win and keep those bitcoins because it will make you filthy rich someday.
You should imagine the worst possibilty as well because its value can be down to the hell, who knows? It is OK to believe that bitcoin will reach $4000 in a year but dont be too confident. Imagine if it drop down back to $100? Of course we wont hope that, but anything is possible in this crypto world. |
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TrumpD
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August 02, 2017, 10:22:14 AM |
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Yes, the volatility is an issue if you are thinking in ($) USD, If you are aiming to earn more btc with gambling then the volatility wouldn't matter.
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jikurpa
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August 02, 2017, 02:50:04 PM |
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I am not concerned about rate on bitcoin if used for gambling. Because gamblers not keep bitcoin too long in gambling wallet.
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Hikol
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August 03, 2017, 12:13:12 PM
Last edit: August 04, 2017, 07:07:23 AM by Hikol |
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Sure, I use only online casinos where I can play for Bitcoin. It is very important for me, I have to say. I mostly gamble at BtcSpin because they allow fast deposits and withdrawals for me which is very cool. Where do you gamble mostly, guys? |
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jualidbitmixer
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August 03, 2017, 12:19:56 PM |
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Well, one of the weakness of gambling using bitcoin is the price that always changed every minute. But as a gambler, i'm not always care about the price. I mean, if i can win more bitcoins on gambling it will be more important than the price itself and for me bitcoin is still worth for gambling.
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roadbits
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August 03, 2017, 12:28:27 PM |
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Sure, I use only online casinos where I can play for Bitcoin. It is very important for me, I have to say. I mostly gamble at BtcSpin because they allow fast diposits and withdrawals for me which is very cool. Where do you gamble mostly, guys?
Where people comfort to play there, they can play. For you, Btcspin and me Bitlser like for others where they find comfort and some people will lucky in the particular site if they play on another site they will lose. This kind of gamblers also we have. I usually play with Bitcoins. For sports betting I use bitcoins and slot games I will use now dogecoin. Bitlser made easy to convert BTC to Doge in their site so that I will convert and play. |
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Oilacris
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August 03, 2017, 12:38:50 PM |
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Sure, I use only online casinos where I can play for Bitcoin. It is very important for me, I have to say. I mostly gamble at BtcSpin because they allow fast diposits and withdrawals for me which is very cool. Where do you gamble mostly, guys?
Where people comfort to play there, they can play. For you, Btcspin and me Bitlser like for others where they find comfort and some people will lucky in the particular site if they play on another site they will lose. This kind of gamblers also we have. I usually play with Bitcoins. For sports betting I use bitcoins and slot games I will use now dogecoin. Bitlser made easy to convert BTC to Doge in their site so that I will convert and play. Some gamblers do really have this kind of behavior or habit on which they would really play on a casino on which they would able to see that they are lucky on playing their and we do know that Bitcoin currency is the most common thing that is being used on playing gambling on which once you deposit you can directly play without the need on converting on other alts but there are advantages on using altcoins which other gamblers do really still use it. |
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BlockEye
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August 03, 2017, 02:56:07 PM |
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Well, one of the weakness of gambling using bitcoin is the price that always changed every minute. But as a gambler, i'm not always care about the price. I mean, if i can win more bitcoins on gambling it will be more important than the price itself and for me bitcoin is still worth for gambling.
Bitcoin price volatility is not an issue for the casino because the payout for all the winnings is in bitcoin too so it means that fiat value is not major issue. The second point it as long as they have a regular player which spends a sufficient volume then their casino will still run. |
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gabmen
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August 03, 2017, 03:05:16 PM |
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Well, one of the weakness of gambling using bitcoin is the price that always changed every minute. But as a gambler, i'm not always care about the price. I mean, if i can win more bitcoins on gambling it will be more important than the price itself and for me bitcoin is still worth for gambling.
Bitcoin price volatility is not an issue for the casino because the payout for all the winnings is in bitcoin too so it means that fiat value is not major issue. The second point it as long as they have a regular player which spends a sufficient volume then their casino will still run. Yeah you're not talking about the dollar rate of btc when you gamble. If you've been gambling with btc before, pretty much it would be the same as now. The risks are the same and you're either going to lose or win the same amount of btc regardless of its exchange rate. |
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michaelch
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August 04, 2017, 01:18:45 PM |
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I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I think it is good to consider investing in bitcoin but using cash to gamble. That way you have some sort of investment in bitcoins while you have some stable currency for gambling. |
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naidray
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August 04, 2017, 04:58:15 PM |
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I think it is good to consider investing in bitcoin but using cash to gamble. That way you have some sort of investment in bitcoins while you have some stable currency for gambling.
People do gamble with bitcoin because only with bitcoin payments they are enjoying certain benefits. I am not sure we can get those benefits with cash payments to gambling. Moreover gambling sites are hating bank cards/PayPal kind of payment methods due to increased abuse by reversing after enjoying gambling. |
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adzino
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Activity: 3052
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www.Crypto.Games: Multiple coins, multiple games
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August 04, 2017, 05:09:36 PM |
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I think it is good to consider investing in bitcoin but using cash to gamble.
I beg to differ, where you say it is good to gamble with cash. Gambling with bitcoins is mush easier and hassle free. You won't need to go through lot of troubles if you use bitcoins. Instant gambling with most of the sites requiring no verification! |
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erpbridge (OP)
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Activity: 954
Merit: 1000
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August 05, 2017, 03:32:39 AM |
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Right now the price of bitcoin is 3100. Which makes the fees around 4$. Even worse reason for using bitcoin to gamble. I feel to find a viable use in the future, the protocol needs to work on decreasing the fees to take care of the high fees.
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hovrah
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August 05, 2017, 04:37:04 AM |
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Right now the price of bitcoin is 3100. Which makes the fees around 4$. Even worse reason for using bitcoin to gamble. I feel to find a viable use in the future, the protocol needs to work on decreasing the fees to take care of the high fees.
It seems to me that enough is already enough that a gambler brings money into a game of chance. And Bitcoin is better left to the future, As a guarantee that a person gambling will not be left without a penny in his pocket. The fact is that gambling is very cruel and it does not leave any financial opportunities for a person. Therefore Bitcoin should be the guarantor of your financial stability. |
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bitcoinisbest
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August 05, 2017, 04:52:16 AM |
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I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I think it is good to consider investing in bitcoin but using cash to gamble. That way you have some sort of investment in bitcoins while you have some stable currency for gambling. Prices of bitcoin is rising and it reached 3170$ per btc. So if you had gamble with btc say at 2800$ today it would have worth 3160 and if you had played with cash it would have still remain same. SO this justify that playing in cash is much better than playing in btc from now onwards. The demand seems to rising now and so is the price. |
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