Is it worth using bitcoins anymore for gambling ?

[bitcircle]

If we interested to play anonymously than bitcoin always will be our first choice for betting. I think price is increasing so high so it's time to think about our strategy what we are losing there but if we compare bet amount is fiat before throwing our money there and it is just for fun than nothing wrong to place bets with bitcoin.

[Obito]

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 bitcoin  is not worth it to gamble. I treat bitcoin as a precious coin since it's quite expensive. I see bitcoin has a potential to increase its price bit by bit in future as the demand increases as time goes by. I think it would be better if we'll use bitcoin for trading na investing so we can take advantage of time.

Indeed, when the time I was a beginner I was using gambling to gain profit and the money I used was bitcoin. Now, I'm regretting that I used bitcoin to play gambling because my perseption upon bitcoin is precious that cannot be used in such kind of transaction like that.

[iqlimasyadiqa]

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.

Bitcoin is a financial medium that will certainly facilitate every financial transaction that we do. We can withdraw and deposit very easily.
Bitcoin gives us all the convenience, we can do it wherever and whenever we are. In online use bitcoin is much better than fiat.

[SilverPunk]

Yes ,however if you can afford it it is still worth if not try some sites that have only a small bankroll needed or try the altcoin they accepted .Also for me a word worth meansit isprofitable and not only losing money.

[just_Alice]

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 really can't see a problem here. Can you explain a bit more how does bitcoin's volatality affect your bankroll management? I mean, it can be either way, good or bad, it's not necessarily bad, right?

[Thekool1s]

Well you are going to gamble right? Why not gamble with the bankroll too? If the price goes up it will be a big win for you, And if the price goes down atleast you will have the same amount of btcs. You need to cash out at the right time, You need to gamble smart, If you are in gambling just for fun, these issues won't matter to you imo. That's my take on this issue.

[xIIImaL]

Well you are going to gamble right? Why not gamble with the bankroll too? If the price goes up it will be a big win for you, And if the price goes down atleast you will have the same amount of btcs. You need to cash out at the right time, You need to gamble smart, If you are in gambling just for fun, these issues won't matter to you imo. That's my take on this issue.

As well as you loose the same the amount in gambling. If you do it fun or serious definetely you will loose the bitcoins you have with you. Instead simply invest the bitcoin in trading or mining and get the regular income with any issues. According to me gambling is worst option in bitcoin.

[kryptqnick]

If we interested to play anonymously than bitcoin always will be our first choice for betting. I think price is increasing so high so it's time to think about our strategy what we are losing there but if we compare bet amount is fiat before throwing our money there and it is just for fun than nothing wrong to place bets with bitcoin.

I don't think bitcoin is still #1 if we want to play anonymously. The transactions are too slow and I bet it makes people who won a lot really nervous when they have to wait for days till they get the reward. Not even mentioning the sum they lose on transaction fee. Moreover, bitcoin can't prevent from scamming. I believe nowadays other currencies are better for casinos, because the fees are not that high, smart contracts reassure that everything will be scam-free and it all proceeds very fast.

[MFahad]

I am not agree with you, because in my thinking bitcoin is really worth full using for gambling.
I am confidently saying that 50% gamblers are playing online bitcoin gambling,
Because they want to earn bitcoin, then it is not right to say that bitcoin has no worth for gambling. 

[Caladonian]

If we interested to play anonymously than bitcoin always will be our first choice for betting. I think price is increasing so high so it's time to think about our strategy what we are losing there but if we compare bet amount is fiat before throwing our money there and it is just for fun than nothing wrong to place bets with bitcoin.

yes mate before we place our bets its better to convert it into fiat so we can calculate it much better and we will be able to adjust as bitcoin value
really jumping its very needed to make sure that your bets are according to the value that you are willing to risk, gamblers really loving using bitcoin
as they really can hide their personalities.

[Gastotade]

I am not agree with you, because in my thinking bitcoin is really worth full using for gambling.
I am confidently saying that 50% gamblers are playing online bitcoin gambling,
Because they want to earn bitcoin, then it is not right to say that bitcoin has no worth for gambling. 

bitcoin makes gambling easier since we can play through ot just by depositing through our wallets with small fees sometimes and with easy transactions ,altcoins especially bitcoin were really in demand in gambling it can be seen in the number of players in different gambling sites.

[crazycatwoman03]

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.

For me, it is more preferable to use fiat currency than bitcoin for betting in gambling. Fiat has a fixed price value compare to bitcoin. Bitcoin is so volatile that a sudden pump in its price can result into a huge gain in your money. Bitcoin’s price fluctuate up and down, unlike the fiat wherein the price is stable, a $100 is a $100 while a 1 BTC changes value and recently, it pumped again increasing up to $3000.

I do really think that using bitcoin for betting can result to a great loss in the future that is why whenever I gamble, I only used fiat and I limit the amount so I know when I should stop.

[erpbridge]

Sorry to see that more than half the posts on this thread are just spam.

Well you are going to gamble right? Why not gamble with the bankroll too? If the price goes up it will be a big win for you, And if the price goes down atleast you will have the same amount of btcs. You need to cash out at the right time, You need to gamble smart, If you are in gambling just for fun, these issues won't matter to you imo. That's my take on this issue.

Gamble yeah, but with control. Poker is a combination of both skill and luck.

But bitcoin price swinging up and down isn't a gamble a poker player or sportsbettor would like to take, because it throws off any bankroll management.

[aldrian09]

For me i think using bitcoin for gambling is not worth because of its volatility. I remember playing dice game few months ago and the price of what below $1,000 I buy bitcoin using my fiat to play in gambling site so if I did not gamble those bitcoin I bought then maybe I have money now to buy me a plane ticket for a vacation.

[Lecam]

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.

Well, I think that it's better if you wouldn't convert how much BTC are you going to bet when gambling. It will just ruin the fun. Just keep in my that if the $ exchange of BTC is high, bet low on BTC. And if it's low, you can bet high BTC. You don't have to convert or even compute the value of your BTC before gambling as you said the value is unpredictable and unstable. So, don't even bother.

[MMA]

I am not agree with you, because in my thinking bitcoin is really worth full using for gambling.
I am confidently saying that 50% gamblers are playing online bitcoin gambling,
Because they want to earn bitcoin, then it is not right to say that bitcoin has no worth for gambling. 

yes i also think that it is always worth to play gambling with bitcoin. some people think that as soon as the price of bitcoin is increasing it is becoming difficult for the people to play gambling with but to me i will say that it is up to you, if you want to play gambling you can play it with any amount. if the price of bitcoin is increasing i think you can reduce the the amount for which you are playing gambling and through this way you can maintain your limit for playing gambling.

[Thekool1s]

Sorry to see that more than half the posts on this thread are just spam.

Well you are going to gamble right? Why not gamble with the bankroll too? If the price goes up it will be a big win for you, And if the price goes down atleast you will have the same amount of btcs. You need to cash out at the right time, You need to gamble smart, If you are in gambling just for fun, these issues won't matter to you imo. That's my take on this issue.

Gamble yeah, but with control. Poker is a combination of both skill and luck.

But bitcoin price swinging up and down isn't a gamble a poker player or sportsbettor would like to take, because it throws off any bankroll management.

Yeah i read around 3 pages, most of it is spam and is poorly written.


Well i have to agree with you, anything which requires skill to win, an average Joe would prefer the stable option rather than the volatile one. The sane option is clearly fiat, if your countries allow it or unless you want to use btc just for fun of it.

But from what i have seen the Bitcoin gambling community doesn't factor in the price swings, due to the anonymity provided with Bitcoin. There are always pro's and cons and is dependent on the users whichever they think outweighs the other..

[streazight]

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 not a great approach to appreciate by those who work for the collection of bitcoin through various means. If someone is more into collecting bitcoin and don’t want to spend it in the current scenario. I think that person should be appreciated. Gambling with bitcoin seems to me like not only wasting your money but betrayal to your future. It makes a sense to say that bitcoin gambling is not good in long range.

[GoodLuck2]

If you don't want to get affected by price volatility than you can store all your bitcoin in USDT when you don't gamble or bet and just move those USDT to BTC when you need it. 1 USDT price tends to remain 1 USD all time so you don't have to worry about losing anything in fiat value during huge price move.

This is a good idea. It will keep safe enough your assets, if it is cash or bitcoin or alts they are the current assets, the USD is too stable that it will not lose its value while keeping the bitcoin you may have a fear to lose its value in near future. If you are concerned about a short term then USD is better and for a long term bitcoin is best.

[boyptc]

It is still worth to use bitcoins because the value has increased and satoshi's will still be on the same track. Before you are thinking that 0.005 BTC is still a cheap amount of bitcoin but right now the price is high and you may think it's gold and you can now reduce it to lower amount. But if you don't want to do this, you can just simply use alt coins.