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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 4518 times)
imsotiredofmoviereboots
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September 25, 2017, 02:54:52 AM
 #321

It's a good choice. I'm sure those online gambling sites will only accept promising or popular coins. It's a win-win situation because when you lose, it's only a small value but when you win, you need to save many of them  for the future and wait for it's value to rise and sell it.

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September 25, 2017, 05:31:37 AM
 #322

Like many others here I also gamble with bitcoins, I earn bitcoins from campaign then I trade or gamble with bitcoins it would be a little trouble to gamble with some altcoin cause I don't earn them, I need to buy them in some exchanger and then send it to casino whybto do that when I can gamble with bitcoins directly.
I would like to try to gamble with litecoins and ethereum. If I ever decide to gamble with altcoins this will be my first two choices and I would like to earn them somehow and gamble with them, but if that don't happen ibwill buy them and then gamble.

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September 25, 2017, 05:41:02 AM
 #323

It's a good choice. I'm sure those online gambling sites will only accept promising or popular coins. It's a win-win situation because when you lose, it's only a small value but when you win, you need to save many of them  for the future and wait for it's value to rise and sell it.
If the purpose is to save for a longer period of time then I guess the right way to do is just to buy and hold.
Gambling with altcoins only give more convenience as it's cheap and way faster than bitcoin, whatever you bet it will your budget and when you win you'll cash out anyway so there is no big connection really in investing.

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September 25, 2017, 06:08:51 AM
 #324

Little by little most of the gambling websites have added few altcoins to the list of accepted coins for betting. However they add it, one in ten uses altcoins for gambling purpose. At times when bitcoin faces confirmation and other transaction fee related issue, during which lot used to switch towards altcoins usage for gambling needs.

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September 25, 2017, 06:44:04 AM
 #325

Little by little most of the gambling websites have added few altcoins to the list of accepted coins for betting. However they add it, one in ten uses altcoins for gambling purpose. At times when bitcoin faces confirmation and other transaction fee related issue, during which lot used to switch towards altcoins usage for gambling needs.
Not many coins are accepted in gambling website. Only coins that have enough feature about 100% can easily sell, everyone needs it ( not MLM coin), rank of that coin used to be at top 1 to top 20. That coin is a mined coin, not getting from investing like some pre-ICO project.
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September 25, 2017, 08:25:05 AM
 #326

It's a good choice. I'm sure those online gambling sites will only accept promising or popular coins. It's a win-win situation because when you lose, it's only a small value but when you win, you need to save many of them  for the future and wait for it's value to rise and sell it.

Using bitcoin in gambling is a lot more better than using this altcoins on gambling, using altcoin on gambling is hassle because you are going to convert it first to bitcoin, while if you are using bitcoin, there is no need to do so, and the price you might get is bigger compare if you are going to use altcoin. Most of the gambling sites use bitcoin because the majority use it.

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September 25, 2017, 10:15:18 AM
 #327

It's a good choice. I'm sure those online gambling sites will only accept promising or popular coins. It's a win-win situation because when you lose, it's only a small value but when you win, you need to save many of them  for the future and wait for it's value to rise and sell it.

Using bitcoin in gambling is a lot more better than using this altcoins on gambling, using altcoin on gambling is hassle because you are going to convert it first to bitcoin, while if you are using bitcoin, there is no need to do so, and the price you might get is bigger compare if you are going to use altcoin. Most of the gambling sites use bitcoin because the majority use it.

Now all gambling sites are allowing players to do gambling with altcoins and bitcoins. The major coin is bitcoin, but they are included few altcoins in their sites. And yes using bitcoin is better than using altcoins because here we have to pay multiple conversion charges and in that time the price varies means without playing gambling we will get the loss. So better if you play with bitcoins no extra charges you need to pay, and it is acceptable in all casino sites.
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September 25, 2017, 04:57:51 PM
 #328

It's a good choice. I'm sure those online gambling sites will only accept promising or popular coins. It's a win-win situation because when you lose, it's only a small value but when you win, you need to save many of them  for the future and wait for it's value to rise and sell it.

Using bitcoin in gambling is a lot more better than using this altcoins on gambling, using altcoin on gambling is hassle because you are going to convert it first to bitcoin, while if you are using bitcoin, there is no need to do so, and the price you might get is bigger compare if you are going to use altcoin. Most of the gambling sites use bitcoin because the majority use it.

Yes, cryptocurrencies have paved the way for modern online forms of gambling and that's the future. I gamble with Altcoins and Bitcoins week in and out on sports and it feels better than the conventional fiat gambling in betting houses.



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September 25, 2017, 05:39:13 PM
 #329

There are bunch of cons and pros of betting with altcoins.

If you bet with altcoins you will probably pay a much lower transactions fees then you would pay if you would place the same bet with bitcoins.

But the main con that makes me think again once I plan on betting with altcoins, is that once I want to convert the altcoin to real money, I will most likely need to convert the altcoin to bitcoin and then to fiat, which is going to cost me a bunch of exchange fees.

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September 25, 2017, 07:06:42 PM
 #330

There are bunch of cons and pros of betting with altcoins.

If you bet with altcoins you will probably pay a much lower transactions fees then you would pay if you would place the same bet with bitcoins.

But the main con that makes me think again once I plan on betting with altcoins, is that once I want to convert the altcoin to real money, I will most likely need to convert the altcoin to bitcoin and then to fiat, which is going to cost me a bunch of exchange fees.


Ext, but it is still going to be less than you'd have spent on Bitcoin transactions in and out of your wallet into fundoyoyr online gambling websites account. I think it's better to compare the various exchanges and their dates before selling that Altcoin. Since coinbase is offering litecoins and ethereum wallets I guess it will be easier/cheaper  to convert then on the same platform than cross platform.

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September 25, 2017, 09:46:36 PM
 #331

Gambling Altcoins is better currently because of the lie transaction fees and faster confirmations but we have to be prepared to pay something extra if we want to exchange them for bitcoins and that's where a pot of people stutter.



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September 26, 2017, 01:42:12 AM
 #332

Gambling Altcoins is better currently because of the lie transaction fees and faster confirmations but we have to be prepared to pay something extra if we want to exchange them for bitcoins and that's where a pot of people stutter.

One of the biggest costs in a normal online casino is the payment processing costs, every time a player makes a deposit using an e-wallet, bank account or credit card, there’s a fee that the casino has to pay and casinos usually compensate for some of those costs through reduced odds or bonuses for their players. But with bitcoin, deposits and withdrawals are free, so payment processing costs for bitcoin casinos are non-existent.


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Caladonian
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September 26, 2017, 02:09:13 AM
 #333

Gambling Altcoins is better currently because of the lie transaction fees and faster confirmations but we have to be prepared to pay something extra if we want to exchange them for bitcoins and that's where a pot of people stutter.
that's what most of us here said before, because of much faster and lesser transaction fee its a good alternative to play using alts and we can easily
trade it back to btc after we win, other than that i think its still the same because we are still risking our money.

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lovesybitz
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September 26, 2017, 02:57:32 PM
 #334

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?
For me it is much better and good to gamble using bitcoin than any other altcoins, in terms of gambling that's what I'm talking about.
Or it depends on the altcoin which your are going to use like Ethereum, Litecoins and Etc, something like that.


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September 27, 2017, 05:34:53 AM
 #335

Gambling Altcoins is better currently because of the lie transaction fees and faster confirmations but we have to be prepared to pay something extra if we want to exchange them for bitcoins and that's where a pot of people stutter.

One of the biggest costs in a normal online casino is the payment processing costs, every time a player makes a deposit using an e-wallet, bank account or credit card, there’s a fee that the casino has to pay and casinos usually compensate for some of those costs through reduced odds or bonuses for their players. But with bitcoin, deposits and withdrawals are free, so payment processing costs for bitcoin casinos are non-existent.
That's true , if we are talking about gamble using bitcoin.
But when it comes to altcoin there's a lot of things must be done , such as hiring an expert on altcoin market.
And it cost quite a lot of money (more than e-money fees in fiat casino) that makes casinos reconsider to accept altcoin and choose bitcoin only.

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September 28, 2017, 06:35:12 PM
 #336

Gambling Altcoins is better currently because of the lie transaction fees and faster confirmations but we have to be prepared to pay something extra if we want to exchange them for bitcoins and that's where a pot of people stutter.
that's what most of us here said before, because of much faster and lesser transaction fee its a good alternative to play using alts and we can easily
trade it back to btc after we win, other than that i think its still the same because we are still risking our money.
Technology has really speeded up our tasks and now we can do most of our activities by sitting at home. We can play games with anyone from all over the world. The player experiences more ease and comfort ability this way.

That is why gambling sites have a good number of users and why altcoins are being used for placing bets. Nobody likes to walk on feet to the gambling spots in real.

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September 28, 2017, 11:34:45 PM
 #337

Gambling Altcoins is better currently because of the lie transaction fees and faster confirmations but we have to be prepared to pay something extra if we want to exchange them for bitcoins and that's where a pot of people stutter.
that's what most of us here said before, because of much faster and lesser transaction fee its a good alternative to play using alts and we can easily
trade it back to btc after we win, other than that i think its still the same because we are still risking our money.
Technology has really speeded up our tasks and now we can do most of our activities by sitting at home. We can play games with anyone from all over the world. The player experiences more ease and comfort ability this way.

That is why gambling sites have a good number of users and why altcoins are being used for placing bets. Nobody likes to walk on feet to the gambling spots in real.

Altcoins were used as an alternative to cater each altcoins community.  Though people or players of the site used altcoin to speed up the confirmation thus for them to be able to play immediately since some altcoins like Doge and Litecoin have faster confirmation than Bitcoin.  People sure have lots of patience huh.  Grin
Anyway I used altcoin to play if ever i have that balance else, I will always use Bitcoin as medium for playing gambling games in every Casino.

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September 29, 2017, 12:20:51 AM
 #338

I woud gamble with altcoins it is more easier and also gives a better mindset to every gambler what one can do is gamble with a few litecoin and when he wins 1 litecoin he will feel satisfied for that moment and will give us more happiness even if we lose after finding out  that we lost a less amount of bitcoins
Gambling altcoin actually is fit with people who want to hold that coin. But in real meaning, we're losing money in both ways .Owning some altcoin has their own fun. Like etherum is an example, for now etherum is a good currency to gamble cause the price is going to be crazy after the hard fork.
How is fun gambling would mean you will still lose first you were losing your bitcoins now lose your altcoins. We are losing but holding altcoin for short term is always profitable otherwise what's the use of trading altcoins are surely nothing compared to bitcoin but they are not that bad also

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September 29, 2017, 01:43:43 PM
 #339

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?

Gambling with altcoins is smart, the bitcoin transaction fee I feel is too high right now for sending back and forth to the gambling sites.
This is probably the only real reason to gamble with altcoins, the transaction fee of bitcoin is still too high while the transaction fee of a coin like doge is very cheap, the only issue is that bitcoin is accepted in most casinos and this is does not apply to altcoins so we are going to be limited in the number of casinos that we can play with it.

Many reputed sites are accepting Doge coins expect a couple of them like primedice site. If you're planning gamble only for fun then you can always choose the site which are accepting these altcoins to play the games and no need to go to those Bitcoin-specific sites to play. Dogecoin price is very cheap, transactions are fast and transaction fee also less so most people like to gamble with it and I also tried few times with Dogecoin to play dice game.

If someone wants to do online gambling using crypto currencies, he can find many options. Many sites accept bitcoins and some of famous altcoins at the same time. Personally, I think it is not a wise decision to bet with digital assets because we can earn good profits through them by simply keeping them in wallets especially if you are gambling with bitcoins.

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September 29, 2017, 07:33:32 PM
 #340

It's a good choice. I'm sure those online gambling sites will only accept promising or popular coins. It's a win-win situation because when you lose, it's only a small value but when you win, you need to save many of them  for the future and wait for it's value to rise and sell it.

Using bitcoin in gambling is a lot more better than using this altcoins on gambling, using altcoin on gambling is hassle because you are going to convert it first to bitcoin, while if you are using bitcoin, there is no need to do so, and the price you might get is bigger compare if you are going to use altcoin. Most of the gambling sites use bitcoin because the majority use it.
In my opinion, it is best to not even gamble but still if someone cannot control his temptations then at least he must use a limited amount of fiat for placing bets. Why? Because fiat is not an asset whose value can increase in a small period of time but all the digital currencies especially bitcoins promise grand profits if saved for even few months. For instance, I lose 0.01 Btc today that means I almost lost 380 dollars but in future when Bitcoins will be 10k dollars, just imagine the amount then.


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