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Poll
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 4518 times)
JL421
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September 03, 2017, 04:53:10 PM
 #221

Currently, I gamble ethereum more than Bitcoin because I get quicker confirmations and the fees are also a little less than that of bitcoins. My Altcoins gambling experience isn't that much that's why I have experience with only ethereum.
Ethereum gambling is really good and easy i have seen couple of sites and all we have to do is send to the contract address if we sre lucky the funds will be sent automatically back from the address we sent with profit, i would say ethereum gambling is more anonymous than bitcoin as it doesn't require a account

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September 03, 2017, 06:37:20 PM
 #222

I once tried using doge for a dice game and my bet went well at first I was winning but after 30 minutes everything went wrong until I lost everything I have. I guess that was not my lucky day and even if I use altcoin for gambling I am still not a lucky person.

Your luck does not depend on any coin you use for gambling. But doge coins are good to gamble because its prices are quite low and also its prices will not fluctuate like other coins. I also play with doge coins dice game but to bet on sports, I always prefer to go with bitcoins and never bet with any altcoins until now.

It's strange some people get superstitious even about the kind of coin to use for gambling, I use both bitcoins and Altcoins for my gambling and they are never a factor in determining how successful those bets will become. Like you I bet on sports with my bitcoins whereas dice with either litecoins or dogecoins.
If I was chosen between gambling with altcoin and bitcoin, I would choose altcoin because its transaction confirmation time is faster, in addition, the price of altcoin is quite cheap, if we play for fun, altcoin would be a wise choice. We should not choose bitcoin to gambling, the price of bitcoin always increases over time, and we are wasting a lot of profits when gambling with bitcoin. And I have the advice that we should not put too much money and time into gambling, we have more useful things to do, gambling never bring good results

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September 03, 2017, 09:10:03 PM
 #223

I once tried using doge for a dice game and my bet went well at first I was winning but after 30 minutes everything went wrong until I lost everything I have. I guess that was not my lucky day and even if I use altcoin for gambling I am still not a lucky person.
The odds of the game are not going to change just because you are using a different coin, the chance of winning depends directly from the house edge, so if you want to play for longer periods of time then it may me a good idea to look for the casino with the lowest house edge and play there from now on.

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September 04, 2017, 09:12:52 AM
 #224

I once tried using doge for a dice game and my bet went well at first I was winning but after 30 minutes everything went wrong until I lost everything I have. I guess that was not my lucky day and even if I use altcoin for gambling I am still not a lucky person.
The odds of the game are not going to change just because you are using a different coin, the chance of winning depends directly from the house edge, so if you want to play for longer periods of time then it may me a good idea to look for the casino with the lowest house edge and play there from now on.

Well i don't think you'll find it easy to look for a casino that would tell you truthfully anything about their house edge. They'll probably sugarcoat it to a very minimum to attract more players. Though you got it on point when you said that the coins you're gambling with won't make any difference on your chances of winning.

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September 04, 2017, 09:24:45 AM
 #225

I see many coins around. Even a year ago there were some casinos accepting litecoin and dogecoin. As bitcoin is now really expensive and slow plus some people are afraid of tomorrow's segwit thing, I thought it would be interesting enough to create a poll and see how many people still gamble with bitcoin and are there many fans of other coins. Nowadays the range is really wide, so we have what to choose from What do you think?

Well, almost cryptocurrency sportsbook only accept bitcoin. I rarely saw a sportsbook that accept other cryptocurrency than bitcoin, the last time is directbet but its already closed right now. But for dice sites and casino, there are many options though, some accepted ETH and LTC and many more not only bitcoin.

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September 04, 2017, 09:45:46 AM
 #226

with my experience, I thought bitcoin is still the major cryptocurrency which used in online gaming, we tried to use ether in our business but I have to say we have to support bitcoin asap for gathering more players.

     

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September 04, 2017, 09:56:53 AM
 #227

with my experience, I thought bitcoin is still the major cryptocurrency which used in online gaming, we tried to use ether in our business but I have to say we have to support bitcoin asap for gathering more players.

     
gambling with altcoin is possible and yet recommended if we are more alt coins than bitcoins, and we can use that if we won some we may put that in an exchanger so that we will get it as a bitcoina and be converted to money. theres no bad thing about it. whether it is for alt coin or bitcoin for bet theres no issue i think.



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September 04, 2017, 10:11:09 AM
 #228

I see many coins around. Even a year ago there were some casinos accepting litecoin and dogecoin. As bitcoin is now really expensive and slow plus some people are afraid of tomorrow's segwit thing, I thought it would be interesting enough to create a poll and see how many people still gamble with bitcoin and are there many fans of other coins. Nowadays the range is really wide, so we have what to choose from What do you think?

Well, almost cryptocurrency sportsbook only accept bitcoin. I rarely saw a sportsbook that accept other cryptocurrency than bitcoin, the last time is directbet but its already closed right now. But for dice sites and casino, there are many options though, some accepted ETH and LTC and many more not only bitcoin.
That's true. I have seen there numerous dice site and casino site support couple of altcoins with bitcoin. Its true Bitcoin still major currency most of gambling site, here mentioned sportsbook. I couldn't find there exists any sports gambling site support altcoin except directbet.

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September 04, 2017, 03:12:18 PM
 #229

Currently, I gamble ethereum more than Bitcoin because I get quicker confirmations and the fees are also a little less than that of bitcoins. My Altcoins gambling experience isn't that much that's why I have experience with only ethereum.
Ethereum gambling is really good and easy i have seen couple of sites and all we have to do is send to the contract address if we sre lucky the funds will be sent automatically back from the address we sent with profit, i would say ethereum gambling is more anonymous than bitcoin as it doesn't require a account
You said that you have to send a contact address if you want to receive profit, then how does it provides anonymity? However, gambling with altcoins is far better than gambling with bitcoins because second one is very expensive and precious asset as compared to the first one... :p

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September 04, 2017, 03:33:59 PM
 #230

For gambling, I use the etherium, and keep the bitcoins for the future. Use crypto currency is much more convenient because they allow you to remain anonymous.

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September 04, 2017, 04:13:41 PM
 #231

I should say bitcoin has a lot of score when it comes with gambling and there is no doubt about it, for the most trusted Coin on every gambling site and the first bitcoin that acquired reputation in the first gambling site that ever launch so bitcoin is in the history of gambling in the bitcoin community.


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September 04, 2017, 04:49:04 PM
 #232

Fortune jack and Crypto-Games.net will be a good example for gambling site that accept altcoin
IMO gambling with altcoin far more riskier if you did not aware for what altcoin do you use so just make sure that you've prepare yourself for the worst
why if we gambling using altcoin more riskier than we use bitcoin? can you tell me? I want to try the site you mentioned its seems good, I usually gambling with bitcoin, i wann try this one

I don't think that if we are playing gambling with other altcoin than we take a big risk., But it is acceptable thing that mostly gambling sites are based on bitcoin, they are not using other altcoin, because bitcoin is popular and every country know about bitcoin than other altcoin. People like to win in bitcoin. But these gambling sites like Fortune jack it is most famous and trust-able gambling site.

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September 04, 2017, 05:42:51 PM
 #233

Gambling with altcoin is really favorable because its transaction is faster the  benefit is that its fees is lower regarding to bitcoin and along with that many other benefits but bitcoin is also better.

Altcoins are better because they confirm faster and comes with low transaction fees compared to bitcoins that's why I now play dice with them and not Bitcoin. I only get on sports with Bitcoin.

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September 04, 2017, 05:44:26 PM
 #234

Fortune jack and Crypto-Games.net will be a good example for gambling site that accept altcoin
IMO gambling with altcoin far more riskier if you did not aware for what altcoin do you use so just make sure that you've prepare yourself for the worst
why if we gambling using altcoin more riskier than we use bitcoin? can you tell me? I want to try the site you mentioned its seems good, I usually gambling with bitcoin, i wann try this one

I don't think that if we are playing gambling with other altcoin than we take a big risk., But it is acceptable thing that mostly gambling sites are based on bitcoin, they are not using other altcoin, because bitcoin is popular and every country know about bitcoin than other altcoin. People like to win in bitcoin. But these gambling sites like Fortune jack it is most famous and trust-able gambling site.

All gambling sites main accepted currency is Bitcoin. But now they are accepting altcoins also, and they will allow people to deposit direct altcoins to their website. Some sites will allow you to exchange your bitcoins to other altcoins in their website only. For example my Bitsler they will accept LTC, ETH, BURST, DOGE you can convert one coin to another coin within just a few seconds. And this is the most reputable site in online gambling.
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September 04, 2017, 06:01:22 PM
 #235

Gambling with altcoin is really favorable because its transaction is faster the  benefit is that its fees is lower regarding to bitcoin and along with that many other benefits but bitcoin is also better.

Altcoins are better because they confirm faster and comes with low transaction fees compared to bitcoins that's why I now play dice with them and not Bitcoin. I only get on sports with Bitcoin.
yes and a a lot of casinos are accepting altcoin for playing gambling but i personally never played gambling using altcoin. i mostly play gambling with bitcoin and that i always found it more convenient to play gambling using bitcoin. but now with the increasing transaction fee now i am thinking to start playing gambling using altcoin where may be the transaction fee will be a little reasonable.

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September 04, 2017, 07:35:46 PM
 #236

I once tried using doge for a dice game and my bet went well at first I was winning but after 30 minutes everything went wrong until I lost everything I have. I guess that was not my lucky day and even if I use altcoin for gambling I am still not a lucky person.
The odds of the game are not going to change just because you are using a different coin, the chance of winning depends directly from the house edge, so if you want to play for longer periods of time then it may me a good idea to look for the casino with the lowest house edge and play there from now on.

Well i don't think you'll find it easy to look for a casino that would tell you truthfully anything about their house edge. They'll probably sugarcoat it to a very minimum to attract more players. Though you got it on point when you said that the coins you're gambling with won't make any difference on your chances of winning.
You could play on a probably fair casino, and you can verify each roll result and by doing so you can verify that you are not being cheated by the casino, it is not perfect but it is the best tool that we have to make sure that casinos are respecting their side of the deal.

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September 04, 2017, 08:00:39 PM
 #237

~snip~
IMO gambling with altcoin far more riskier if you did not aware for what altcoin do you use so just make sure that you've prepare yourself for the worst
Interesting opinion.
Lets say that you bought 1 bitcoin 4-5 days ago and deposited it on gambling site, you did some rollings and after some time(days) you noticed that you are spinning in circle and you still have 1 bitcoin. And today you decided to cashout that 1 bitcoin and exchange it back to money.
Oh damn, bitcoin was 4700 4 days ago and today is 4200$ so you lost 500$ and you didn't even lose it on gambling.
Isn't that what you were saying about gambling with altcoins?

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September 07, 2017, 10:11:22 PM
 #238

Currently, I gamble ethereum more than Bitcoin because I get quicker confirmations and the fees are also a little less than that of bitcoins. My Altcoins gambling experience isn't that much that's why I have experience with only ethereum.
Ethereum gambling is really good and easy i have seen couple of sites and all we have to do is send to the contract address if we sre lucky the funds will be sent automatically back from the address we sent with profit, i would say ethereum gambling is more anonymous than bitcoin as it doesn't require a account
You said that you have to send a contact address if you want to receive profit, then how does it provides anonymity? However, gambling with altcoins is far better than gambling with bitcoins because second one is very expensive and precious asset as compared to the first one... :p
The crypto that you use to gamble is irrelevant, probably the only difference is going to be the transaction fee, but for the rest use any coin that you like or that you like the most, personally I like to gamble with DOGE since the transaction fee is cheap and fast.

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September 07, 2017, 11:05:54 PM
 #239


~snip~
IMO gambling with altcoin far more riskier if you did not aware for what altcoin do you use so just make sure that you've prepare yourself for the worst


I suppose you do not understand that gambling risk is applied to whatever you are holding.  It is the same across the cryptocurrency.  You bet, you either win or lose.  That is gambling except of you known  a gambling casino where altcoin gives more lost in every roll or session.  If you are talking about the fluctuation, it is different story than using altcoin as a gambling currency.   You can always exchange your altcoin or sell it right after you are done with your gambling session. That is, if there is altcoin left in your stash  Grin.

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September 08, 2017, 12:20:32 AM
 #240

Currently, I gamble ethereum more than Bitcoin because I get quicker confirmations and the fees are also a little less than that of bitcoins. My Altcoins gambling experience isn't that much that's why I have experience with only ethereum.
Ethereum gambling is really good and easy i have seen couple of sites and all we have to do is send to the contract address if we sre lucky the funds will be sent automatically back from the address we sent with profit, i would say ethereum gambling is more anonymous than bitcoin as it doesn't require a account
You said that you have to send a contact address if you want to receive profit, then how does it provides anonymity? However, gambling with altcoins is far better than gambling with bitcoins because second one is very expensive and precious asset as compared to the first one... :p
The crypto that you use to gamble is irrelevant, probably the only difference is going to be the transaction fee, but for the rest use any coin that you like or that you like the most, personally I like to gamble with DOGE since the transaction fee is cheap and fast.
Yes, based on the requirement users make use of the bitcoin or other digital currencies available. Above mate feels comfortable with doge in terms of confirmation and transaction fee. Similar way people get attracted because of some other features over each coin. Here also we gave limitations that, we can't use all digital currencies we like, but can be used based on the one the specific gambling website accepts.

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