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Author Topic: Is it worth using bitcoins anymore for gambling ?  (Read 2743 times)
just_Alice
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July 24, 2017, 01:11:28 PM
 #81

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.

I can see no point in using other altcoins. As you said yourself we can reduce our bets to lower amounts in BTC. Using other altcoins may arise confusion since we are used to BTC, I rather wouldn't do that.
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July 24, 2017, 01:47:00 PM
 #82

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.

I can see no point in using other altcoins. As you said yourself we can reduce our bets to lower amounts in BTC. Using other altcoins may arise confusion since we are used to BTC, I rather wouldn't do that.

Altcoins are currently confirming faster and with low transaction fees, I can testify of litecoins and dogecoins which confirms fast with almost zero transaction fees.
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July 24, 2017, 02:24:07 PM
 #83

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.
Yes before I use to bet min 0.005 BTC actually I will place 0.01 BTC when ever I play sports betting. Becasue I will get a decent return. But what you said it is right it becomes too costly if I convert 0.005 BTC to our fiat currency it is approximately one day salary for two years experienced IT people.  Now tell me is it fine to play gambling with Bitcoin?
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July 24, 2017, 02:27:09 PM
 #84

worth or not,it depend on who use bitcoin gambling,i think if people never ssee any price of bitcoin,they will not use bitcoin for gambling,and if they use it for gambling,they know and believe that bitcoin will have better value in future,if not using bitcoin,then what else?etherum? the price not better from bitcoin.
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July 24, 2017, 02:38:23 PM
 #85

Maybe you should stop converting.
If you do that anytime you will gamble then, you will really feel the loss every time you are making a bet.
Maybe you should look for one that is using the fiat system so that you could just exchange your bitcoin to USD if you feel a great loss with a bitcoin system gambling website.

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July 24, 2017, 03:09:56 PM
 #86

i think yes, even we can get same amount of winning and it's value raising. it is like when we play at pas 0.003 BTC is only $2 ( in my country ) and now it changed to $8. so with same winning reward i can get more money

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July 24, 2017, 04:00:30 PM
 #87

As mentioned by many above, your bitcoin gambling bankroll should be seen and managed in terms of bitcoin only and not in terms of its changing fiat value from day to day price swings.

Aside from bankroll management, the other aspects of using bitcoin for gambling makes it more worth it than ever. Bitcoin allows you to gamble at micro stakes. It allows for relatively fast deposits and withdrawals. When you play on a bitcoin site, you don't put at risk any of your personal data such as name, ID, address, bank account, credit card, etc information.

If you are a profitable gambler, then gambling wioth bitcoin also becomes a good way of accumulating and increasing your bitcoin hodlings.
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July 24, 2017, 05:30:36 PM
 #88

since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...
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July 24, 2017, 05:48:17 PM
 #89

since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

As an occasional gambler I'm also not using Bitcoin for my gambling as it'll be much more useful in the future and don't wanna waste them on gambling and all. I moved to LTC and other altcoins now for my gambling needs.

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July 24, 2017, 09:59:36 PM
 #90

since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

Some gamblers did it and quit gambling with BTC, but many gamblers are anonymous and aren't part of BTC community, they just want to play online with Crypto-Currency as their countries don't allow them to do it. So, they play, make their profit and convert to fiat, they don't mind to invest in BTC to make profit, to grow their funds, to play for real profit, many of them have money already in real life, they just want fun. So they continue using Bitcoins.

 
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July 24, 2017, 10:49:46 PM
 #91

since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

Some gamblers did it and quit gambling with BTC, but many gamblers are anonymous and aren't part of BTC community, they just want to play online with Crypto-Currency as their countries don't allow them to do it. So, they play, make their profit and convert to fiat, they don't mind to invest in BTC to make profit, to grow their funds, to play for real profit, many of them have money already in real life, they just want fun. So they continue using Bitcoins.
Actually the best way to gambling is by using crypto currency because there we have freedom and we can hind our real identity which I believe the most important thing to protect our interest. Some people do gamble without knowing if it's illegal or not so it's best to use bitcoin since we will not gonna face problems in the future to come. Also, we are helping building this industry and the more we patronize it the more it will progress.

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July 25, 2017, 01:01:39 AM
 #92

since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

Some gamblers did it and quit gambling with BTC, but many gamblers are anonymous and aren't part of BTC community, they just want to play online with Crypto-Currency as their countries don't allow them to do it. So, they play, make their profit and convert to fiat, they don't mind to invest in BTC to make profit, to grow their funds, to play for real profit, many of them have money already in real life, they just want fun. So they continue using Bitcoins.
Actually the best way to gambling is by using crypto currency because there we have freedom and we can hind our real identity which I believe the most important thing to protect our interest. Some people do gamble without knowing if it's illegal or not so it's best to use bitcoin since we will not gonna face problems in the future to come. Also, we are helping building this industry and the more we patronize it the more it will progress.

That's correct  and there are even Altcoins that you can use in place of Bitcoin for quicker confirmations and low transaction fees. It's very good to gamble with cryptocurrencies because it offers you the luxury of anonymity and global accessibility.
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July 25, 2017, 01:29:50 AM
 #93

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.
Yes before I use to bet min 0.005 BTC actually I will place 0.01 BTC when ever I play sports betting. Becasue I will get a decent return. But what you said it is right it becomes too costly if I convert 0.005 BTC to our fiat currency it is approximately one day salary for two years experienced IT people.  Now tell me is it fine to play gambling with Bitcoin?
gamble using bitcoin always come with its risk , so you should really know what you are doing. i mean for example when you bought 1 bitcoin worth $2,200 and you successfully make it double to 2 bitcoin but then the price move up so fast up to $4,400 guess how much money you make during that volatile? yeah you have made $2,200 to $8,800 instead to $4,400 but vice versa when the price dumped half and so on.

I'm in 400,000 euros debt , dont help me , i rather die
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July 25, 2017, 02:14:20 AM
 #94

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.

I can see no point in using other altcoins. As you said yourself we can reduce our bets to lower amounts in BTC. Using other altcoins may arise confusion since we are used to BTC, I rather wouldn't do that.

In my opinions altcoins are even force. They face an even great amount of volatility and are only good to prevent spending that money on the fees.

And based on the trend, whenever bitcoins fall, so do altcoins. So you essentially end up with great swings.
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July 25, 2017, 02:57:30 AM
 #95

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.

I can see no point in using other altcoins. As you said yourself we can reduce our bets to lower amounts in BTC. Using other altcoins may arise confusion since we are used to BTC, I rather wouldn't do that.

In my opinions altcoins are even force. They face an even great amount of volatility and are only good to prevent spending that money on the fees.

And based on the trend, whenever bitcoins fall, so do altcoins. So you essentially end up with great swings.

Yes they are at par with Bitcoin except popularity. They confirms even faster and at lower competitive rates to Bitcoin and so I will use them until Bitcoin scaling issues are fixed probably by August 1.
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July 25, 2017, 12:17:17 PM
 #96

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.

I can see no point in using other altcoins. As you said yourself we can reduce our bets to lower amounts in BTC. Using other altcoins may arise confusion since we are used to BTC, I rather wouldn't do that.

Altcoins are currently confirming faster and with low transaction fees, I can testify of litecoins and dogecoins which confirms fast with almost zero transaction fees.

That is true but we are talking about using altcoins for gambling. Are they better to use for gambling, considering the fact that with gambling it is a good thing sometimes that you can't transfer the money on a gambling site immediately?
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July 25, 2017, 12:29:27 PM
 #97

I believe that the bitcoins are designed to invest in the future to earn as much money as possible, and not for entertainment. With gambling too much loss and it is better not to risk coins.

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July 25, 2017, 12:57:04 PM
 #98

I believe that the bitcoins are designed to invest in the future to earn as much money as possible, and not for entertainment. With gambling too much loss and it is better not to risk coins.
Nope the Bitcoin is more used in online gambling site and these sites only base for this bitcoin. If they are not accepted Bitcoin then it will take a number of years to become popular and the price also we not see this much high. But I agree that losing Bitcoin in gambling is not good. Bitcoin is made for both entertainment and money. How you will use it is up to you.
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July 25, 2017, 04:17:05 PM
 #99

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.


[/quote
It is worth using bitcoins to gambling as I can see  as I can see bitcoin is easy to use in all kinds of transactions we make
That bitcoin that can be as payments bill s and many more that    that with money   
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July 25, 2017, 04:38:06 PM
 #100

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.


Yes. Bitcoin nowadays are the most used currency in gambling like dice games. You can convert your real money into bitcoin so that you have some capital in playing. Don't push yourself in a greedy mode playing. Watch out and be smart in playing.


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