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Question: What coins do you mostly gamble with?
bitcoin
ethereum
litecoin
a coin based on eth platform
dogecoin
I don't gamble much
old-school fiat is best for me
other coin

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Author Topic: Gambling with altcoins  (Read 4507 times)
wuvdoll
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August 09, 2017, 07:30:49 AM
 #121

I mostly gamble with bitcoin and still go with it of course this is the best way to gamble as all gambling sites does prefer to bitcoin. But I had to gamble sometimes with ETH though both coins are precious to me because I personally want to handle and hold them because their value are both increasing but when gambling is triggering me these two coins are my preferred.
I am also preferring gambling with bitcoins as other coins are having same level of risks still the profits we may get is comparatively very less then why should I waste by time with low value things ? I guess altcoins are good for the gambler who do not want to risk big.
You are not looking into the other positive aspects of these things. In my gambling, altcoins are working similar to demo accounts. Yes I do gamble with dogecoins still I do forget it and gamble like I am risking my bitcoins. I am actually risking only my dogecoins but I am getting the thrills similar to what I do experience when I am risking bitcoins.

All the requirements I need to do here must be, setting up my bankroll well in advance and need to gamble in near hectic situation like during office breaks. You will not have time to what you are risking but you can enjoy your gambling the most like gambling with bitcoins but for cheaper risks !

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August 09, 2017, 09:47:27 AM
 #122

I don't gamble much so my vote went for that. But I do gamble and I enjoy doing it with bitcoin. The only reason I see why to gamble with altcoins is when they give you them for free.
gambling with altcoin is i think not so, different than that of bitcoin. both are digital currency and works same but it really depends upon the will of the user or interest of the user that in which he is interested in. i think altcoin in gambling will also become interesting if they pay good price money and it also depends upon worth of them.

Altcoins may be attractive to gamble with because of the faster transactions/lower transaction fees. But imo it is still gambling and it doesn't matter what is the price of an alt you are gambling with. What matters is whether you win or lose, and that depends on your luck at any given moment of time.
Fees also shouldn't bother anyone who is going to gamble. If you are not lucky that money is already lost so 1$ up or down won't make any difference. And bitcoin transactions are very fast lately with very low fees, unless bitcoin price jumps over $50K in that case gambling will become "entertainment for the rich". But that is far future.
If Bitcoin prices jump over $50k fees will have to adapt as well. If not, people will just gamble with altcoins instead. And there's always the option of just gambling with fiat.

I don't think fees will rise with the price rising. I don't know much about the technical side, but I'm telling from my own experience. Fees were much higher than now one month ago but the price of bitcoin was much lower.
i think yes that the transaction fee is already so high and i think people already find it difficult to hold pay the fee therefore to me i think the the fee may not not be increase with the increasing price of bitcoin i think we are even expecting that the transaction fee will be over view and may be the exchanges reduce the transaction fee.

This is not about fees set by exchanges. We are talking about transaction fees which required for fast transactions. For now many altcoins, if not all of them, have much lower fees than bitcoin.

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August 11, 2017, 09:02:52 AM
 #123

Not a bad idea altcoins process your deposits faster amd nowadays all these vdice and ethereum gambling sites are trying to make gambling more anonymous by using it's same contract feature and allowing people to gamble with even making a account. Altcoins gambling has a bright future
ethereum still has a little bit delayed , you must try dogecoin with extremely low transaction fee but fastest confirmation. i have tried it many times deposit on several casinos and within a minute it gets confirmed , mostly within 5 or 10 minutes . far better than bitcoin that has a lot of problem especially on its network where thousands unconfirmed transaction stucked for days or even weeks!
I am already satisfied with ETH because it's faster and I can play directly, gambling sites now are accepting altcoins also because they are emerging and competing with bitcoin especially ethereum, when holders can play without trading their eth it would bring convenience  to them and at the same time it will bring profit for a site as well. Whatever makes you feel comfortable as long as a site is accepting such coin then you should play using it.
no i think it's much faster when you do transaction through dogecoin, almost within a minute i have done several transactions. however not much casino accept altcoin already , don't know for what reason they didn't go for an altcoin like doge or eth. due lack of resources or whatever it is i wish in the future altcoins still considered as a currency to gamble besides bitcoin that of course as a primary one.

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August 11, 2017, 11:15:49 PM
 #124

I mostly gamble with bitcoin and still go with it of course this is the best way to gamble as all gambling sites does prefer to bitcoin. But I had to gamble sometimes with ETH though both coins are precious to me because I personally want to handle and hold them because their value are both increasing but when gambling is triggering me these two coins are my preferred.
I am also preferring gambling with bitcoins as other coins are having same level of risks still the profits we may get is comparatively very less then why should I waste by time with low value things ? I guess altcoins are good for the gambler who do not want to risk big.

Yes alt coins are good for those who want to play safe. But there are valuable coins that are comparably has a good value and it's also worth to try the risk. There will always be the feeling that you want to gamble with bitcoin and sometimes we are moody and we want to gamble only with alt coins. Depending always on the gambler.

Now I'm seeing the amount of BTCs being gambled increased again. Before the fork there were more people using AltCoins to gamble, principally Litecoin and Ethereum, now I see these coins disappeared a bit, not totally anyway. Seems gamblers were just waiting the fork happen to start gambling with their Bitcoins again. Probably because the price is increasing very well too.

Yes there's a lot of people who are using alt coins and they prefer to choose it because they are thinking that the worth of bitcoin shouldn't be gambled. But for those gamblers that has a lot of bitcoins this is a good thing for them because they can gamble all the time with a very small amount of bitcoin.



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August 11, 2017, 11:47:16 PM
 #125

Most favorite coin to gambling is bitcoin
But some members choose gambling with altcoin an options
Sometimes to get profit or just for intermezzo
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August 12, 2017, 08:09:11 AM
 #126

Here you can see a List of TOP 20 Sportsbooks that accept Cryptocurrency: http://100bookies.com/sportsbooks-that-accept-cryptocurrency-eng/
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August 13, 2017, 12:27:47 PM
 #127

I'm not a fond or try gambling using altcoins, yet as far as I know it would be anew and exciting thing to do with.Yet as I know the price is a bit smaller than bitcoin. Although I can really say that it is good for us to have an alternative in trading and YES, an alternative in gambling. Isn't that great? Having an alternative on each aspects in cryptoworld?

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August 13, 2017, 01:21:36 PM
 #128

I mostly gamble with bitcoin and still go with it of course this is the best way to gamble as all gambling sites does prefer to bitcoin. But I had to gamble sometimes with ETH though both coins are precious to me because I personally want to handle and hold them because their value are both increasing but when gambling is triggering me these two coins are my preferred.
I am also preferring gambling with bitcoins as other coins are having same level of risks still the profits we may get is comparatively very less then why should I waste by time with low value things ? I guess altcoins are good for the gambler who do not want to risk big.

Yes alt coins are good for those who want to play safe. But there are valuable coins that are comparably has a good value and it's also worth to try the risk. There will always be the feeling that you want to gamble with bitcoin and sometimes we are moody and we want to gamble only with alt coins. Depending always on the gambler.

Now I'm seeing the amount of BTCs being gambled increased again. Before the fork there were more people using AltCoins to gamble, principally Litecoin and Ethereum, now I see these coins disappeared a bit, not totally anyway. Seems gamblers were just waiting the fork happen to start gambling with their Bitcoins again. Probably because the price is increasing very well too.

Yes there's a lot of people who are using alt coins and they prefer to choose it because they are thinking that the worth of bitcoin shouldn't be gambled. But for those gamblers that has a lot of bitcoins this is a good thing for them because they can gamble all the time with a very small amount of bitcoin.
For whales it wont really be a problem at all since they would really play out on those bitcoin that they had directly without minding about altcoins since they do have lots of btc on their pocket but for those people who are on average range or even those people who have sufficient amount of bitcoin they might possible on using altcoin not on the value reasons but on its confirmation times and less fees.

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August 13, 2017, 02:19:59 PM
 #129

I mostly gamble with bitcoin and still go with it of course this is the best way to gamble as all gambling sites does prefer to bitcoin. But I had to gamble sometimes with ETH though both coins are precious to me because I personally want to handle and hold them because their value are both increasing but when gambling is triggering me these two coins are my preferred.
I am also preferring gambling with bitcoins as other coins are having same level of risks still the profits we may get is comparatively very less then why should I waste by time with low value things ? I guess altcoins are good for the gambler who do not want to risk big.

Yes alt coins are good for those who want to play safe. But there are valuable coins that are comparably has a good value and it's also worth to try the risk. There will always be the feeling that you want to gamble with bitcoin and sometimes we are moody and we want to gamble only with alt coins. Depending always on the gambler.

Now I'm seeing the amount of BTCs being gambled increased again. Before the fork there were more people using AltCoins to gamble, principally Litecoin and Ethereum, now I see these coins disappeared a bit, not totally anyway. Seems gamblers were just waiting the fork happen to start gambling with their Bitcoins again. Probably because the price is increasing very well too.

Yes there's a lot of people who are using alt coins and they prefer to choose it because they are thinking that the worth of bitcoin shouldn't be gambled. But for those gamblers that has a lot of bitcoins this is a good thing for them because they can gamble all the time with a very small amount of bitcoin.
For whales it wont really be a problem at all since they would really play out on those bitcoin that they had directly without minding about altcoins since they do have lots of btc on their pocket but for those people who are on average range or even those people who have sufficient amount of bitcoin they might possible on using altcoin not on the value reasons but on its confirmation times and less fees.

The confirmation time and fee are the second reason the main reason is the price. Did you check what today's price it reached up to $4200. Now tell me will you ready to lose your Bitcoin this time to get just fun. I think no one will be ready if they willing to lose means either they are rich people, or they are new to this Bitcoin world. And why people use altcoins to do gamble means it is easy to use and the bankroll should look high.

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August 13, 2017, 02:46:24 PM
 #130

Most favorite coin to gambling is bitcoin
But some members choose gambling with altcoin an options
Sometimes to get profit or just for intermezzo
Actually, I only use bitcoin when i gamble, because I think there is no advantage to use other altcoin for doing that, Also bitcoin is more powerful than any other cryptocurrencies so, I bet only with it.
I don't know why people choose other cryptocurrencies for betting, I think maybe because they want to invest in other altcoins, because they believe that one day there is some altcoin will replace bitcoin in the future, Like litecoin or dogecoin or maybe ETH.

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August 13, 2017, 02:57:11 PM
 #131

I mostly gamble with bitcoin and still go with it of course this is the best way to gamble as all gambling sites does prefer to bitcoin. But I had to gamble sometimes with ETH though both coins are precious to me because I personally want to handle and hold them because their value are both increasing but when gambling is triggering me these two coins are my preferred.
I am also preferring gambling with bitcoins as other coins are having same level of risks still the profits we may get is comparatively very less then why should I waste by time with low value things ? I guess altcoins are good for the gambler who do not want to risk big.

Yes alt coins are good for those who want to play safe. But there are valuable coins that are comparably has a good value and it's also worth to try the risk. There will always be the feeling that you want to gamble with bitcoin and sometimes we are moody and we want to gamble only with alt coins. Depending always on the gambler.

Now I'm seeing the amount of BTCs being gambled increased again. Before the fork there were more people using AltCoins to gamble, principally Litecoin and Ethereum, now I see these coins disappeared a bit, not totally anyway. Seems gamblers were just waiting the fork happen to start gambling with their Bitcoins again. Probably because the price is increasing very well too.

Yes there's a lot of people who are using alt coins and they prefer to choose it because they are thinking that the worth of bitcoin shouldn't be gambled. But for those gamblers that has a lot of bitcoins this is a good thing for them because they can gamble all the time with a very small amount of bitcoin.
For whales it wont really be a problem at all since they would really play out on those bitcoin that they had directly without minding about altcoins since they do have lots of btc on their pocket but for those people who are on average range or even those people who have sufficient amount of bitcoin they might possible on using altcoin not on the value reasons but on its confirmation times and less fees.

The confirmation time and fee are the second reason the main reason is the price. Did you check what today's price it reached up to $4200. Now tell me will you ready to lose your Bitcoin this time to get just fun. I think no one will be ready if they willing to lose means either they are rich people, or they are new to this Bitcoin world. And why people use altcoins to do gamble means it is easy to use and the bankroll should look high.
Yes, bitcoins price is already high but you can anytime adjust the amount of satoshis you would use on playing gambling but well its peoples choice if they would still use bitcoin because the value is going crazy high as of now and spending them just for gambling is somehow a dumb decision to make better to hold it of than wasting it on gambling site houses.

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August 13, 2017, 03:47:43 PM
 #132

Most favorite coin to gambling is bitcoin
But some members choose gambling with altcoin an options
Sometimes to get profit or just for intermezzo
Actually, I only use bitcoin when i gamble, because I think there is no advantage to use other altcoin for doing that, Also bitcoin is more powerful than any other cryptocurrencies so, I bet only with it.
I don't know why people choose other cryptocurrencies for betting, I think maybe because they want to invest in other altcoins, because they believe that one day there is some altcoin will replace bitcoin in the future, Like litecoin or dogecoin or maybe ETH.
People choose to gamble with altcoins because they're are not as expensive as bitcoin. currently 1 bitcoin is around $4k, alts are way cheaper. still folks can gamble with bitcoin (with small amount), maybe bet only like 1000 satoshis or even less, most dice sites accept bets lower than 1k satoshis.

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August 13, 2017, 03:53:12 PM
 #133

I believe that bitcoin is too valuable to use it for gambling, but it is quite possible to allocate other coins for entertainment only within reasonable limits so as not to lose money.

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August 13, 2017, 03:56:14 PM
 #134

Bitcoin and Eth are the best coins for gambling but due to high price of bitcoin now it's so risky so I either play with Monero or Dash.
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August 13, 2017, 04:19:05 PM
 #135

Most favorite coin to gambling is bitcoin
But some members choose gambling with altcoin an options
Sometimes to get profit or just for intermezzo
Actually, I only use bitcoin when i gamble, because I think there is no advantage to use other altcoin for doing that, Also bitcoin is more powerful than any other cryptocurrencies so, I bet only with it.
I don't know why people choose other cryptocurrencies for betting, I think maybe because they want to invest in other altcoins, because they believe that one day there is some altcoin will replace bitcoin in the future, Like litecoin or dogecoin or maybe ETH.
People choose to gamble with altcoins because they're are not as expensive as bitcoin. currently 1 bitcoin is around $4k, alts are way cheaper. still folks can gamble with bitcoin (with small amount), maybe bet only like 1000 satoshis or even less, most dice sites accept bets lower than 1k satoshis.
- Really, gambling with altcoin makes me feel more comfortable and not having too much pressure because the price of altcoin is cheaper than the price of bitcoin. In addition, I want to gamble for fun, so playing as long as possible and altcoin is a good choice, if we want to lose everything, we will also need a pretty long time, it is enough for me to enjoy the fun in gambling. Gambling with bitcoin is very wasteful, and I will feel very sorry when I lose

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August 13, 2017, 06:20:31 PM
 #136

~snip~
Really, gambling with altcoin makes me feel more comfortable and not having too much pressure because the price of altcoin is cheaper than the price of bitcoin. In addition, I want to gamble for fun, so playing as long as possible and altcoin is a good choice, if we want to lose everything, we will also need a pretty long time, it is enough for me to enjoy the fun in gambling. Gambling with bitcoin is very wasteful, and I will feel very sorry when I lose
I don't understand this statement.
For example you have extra 10$ and you want to gamble with it. It doesn't matter what will you buy, dogecoin or bitcoin because at the end you will have either bitcoin or altcoin which is worth 10$.
It is like saying "I will gamble with dollars because they are cheaper than euro."

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August 13, 2017, 08:04:28 PM
 #137

I mostly gamble with bitcoin and still go with it of course this is the best way to gamble as all gambling sites does prefer to bitcoin. But I had to gamble sometimes with ETH though both coins are precious to me because I personally want to handle and hold them because their value are both increasing but when gambling is triggering me these two coins are my preferred.
I am also preferring gambling with bitcoins as other coins are having same level of risks still the profits we may get is comparatively very less then why should I waste by time with low value things ? I guess altcoins are good for the gambler who do not want to risk big.

Yes alt coins are good for those who want to play safe. But there are valuable coins that are comparably has a good value and it's also worth to try the risk. There will always be the feeling that you want to gamble with bitcoin and sometimes we are moody and we want to gamble only with alt coins. Depending always on the gambler.

Now I'm seeing the amount of BTCs being gambled increased again. Before the fork there were more people using AltCoins to gamble, principally Litecoin and Ethereum, now I see these coins disappeared a bit, not totally anyway. Seems gamblers were just waiting the fork happen to start gambling with their Bitcoins again. Probably because the price is increasing very well too.

Yes there's a lot of people who are using alt coins and they prefer to choose it because they are thinking that the worth of bitcoin shouldn't be gambled. But for those gamblers that has a lot of bitcoins this is a good thing for them because they can gamble all the time with a very small amount of bitcoin.
For whales it wont really be a problem at all since they would really play out on those bitcoin that they had directly without minding about altcoins since they do have lots of btc on their pocket but for those people who are on average range or even those people who have sufficient amount of bitcoin they might possible on using altcoin not on the value reasons but on its confirmation times and less fees.

Possible that there are gamblers that loves to gamble with their alt coins because of very fast confirmation such as litecoin and with the fees. Everyone wants to pay lower fees it is just depending on how satisfied we are when it comes to the gambling experience we are playing with that casino.



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August 13, 2017, 08:48:14 PM
 #138

Bitcoin and Eth are the best coins for gambling but due to high price of bitcoin now it's so risky so I either play with Monero or Dash.
haven't you tried using doge its lesser than btc and eth in terms of transaction fees and it will allow you to enjoy your game
because doge is small in value so you have a lots of time to maximize your stay and to create more strategy using small bankroll.

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August 14, 2017, 11:35:51 AM
 #139

Bitcoin and Eth are the best coins for gambling but due to high price of bitcoin now it's so risky so I either play with Monero or Dash.
haven't you tried using doge its lesser than btc and eth in terms of transaction fees and it will allow you to enjoy your game
because doge is small in value so you have a lots of time to maximize your stay and to create more strategy using small bankroll.

Nice idea, I found a site that let users bet with .00000001 dogecoin as the minimum bet so if you have 1k doges it will be enough to try different strategies, may take time to profit though because dogecoin is about 40-45 satoshis only.
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August 14, 2017, 01:08:40 PM
 #140

Nice idea, I found a site that let users bet with .00000001 dogecoin as the minimum bet so if you have 1k doges it will be enough to try different strategies, may take time to profit though because dogecoin is about 40-45 satoshis only.
Are you sure you are gambling?
Good luck in making profit out of 0.000000000016$ bets.
Send me PM when you make 1$ out of it i will send you another one  Grin

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