Does bitcoin's price volatility affect your gambling habits?

[michkima]

For me yes it does affect my gambling habits. First off because I gamble converting it to fiat currency. So for me the risk is determined under the prices of fiat and not really just bitcoins. If I don't change my gambling bet size it would be catastrophic for me. For example, back when prices were just $300 a bitcoins, a 0.001btc bet would have been just fine, but now that is big already for me.

[piloder]

No, When I will be betting/gambling with bitcoin I just go with bitcoin amount which I can afford to loss. I don't calculate how much I will loss or win in terms of USD everytime I bet, I just go with what I can afford to loss in bitcoin.

However minimum amount which I used to bet on per match 1 year ago was around 0.005BTC but now I am only betting like 0.001BTC per match.

[Creepings]

For me yes it does affect my gambling habits. First off because I gamble converting it to fiat currency. So for me the risk is determined under the prices of fiat and not really just bitcoins. If I don't change my gambling bet size it would be catastrophic for me. For example, back when prices were just $300 a bitcoins, a 0.001btc bet would have been just fine, but now that is big already for me.

I think it does not affect me since I just play using the faucet and not really the money I have in my wallet or either Bitcoin wallet. The bitcoin price might dump, it might pump it doesn't matter, what matter is I am having fun gambling without touching any of my balances.

[marketone]

No, When I will be betting/gambling with bitcoin I just go with bitcoin amount which I can afford to loss. I don't calculate how much I will loss or win in terms of USD everytime I bet, I just go with what I can afford to loss in bitcoin.

However minimum amount which I used to bet on per match 1 year ago was around 0.005BTC but now I am only betting like 0.001BTC per match.

Really that is the better idea because if you convert them into USD means it will hurt when you lose them in gambling. I think most of the people will calculate in terms of USD when they gain or lose through gambling. Those who compare with USD it will really effect to those users.

[ethereumhunter]

No, When I will be betting/gambling with bitcoin I just go with bitcoin amount which I can afford to loss. I don't calculate how much I will loss or win in terms of USD everytime I bet, I just go with what I can afford to loss in bitcoin.

However minimum amount which I used to bet on per match 1 year ago was around 0.005BTC but now I am only betting like 0.001BTC per match.

that is right, i also reduce my betting and i only want to spend 0.0013 btc for a week, no matter if i got lose in one game or not, i can only use that amount for playing gambling. but usually i convert 0.0013 btc into dogecoin and then i can spend in dice games. i think i can spend hundreds of dogecoin than spend 0.0005 btc because hundreds of dogecoin is no problem for me.

[Shutup]

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

Yes it affects to all the volatilility of bitcoin.But now its normal already.You have to make your own tactics what to do so that you will not lose of bitcoin ,unless you're in need you dont have choice but to bet your coins.But if you win its a favor to hold your bitcoin and sell it later when you want to sold it in a higher value.Its a favor to have bitcoin in o lower price to get ready for price increase.Although some are affected especially the people having bitcoin who are in need they have to use their bitcoin werher they like it or not.

[ralle14]

That's how bitcoin betting goes your bankroll value could drop hundreds of $$ in a week then go back up after a month. I know a few sportsbook did lower their bet amounts to 0.0001 btc because of the sudden price increase. A solution to this is to find a different sportsbook where they'll convert your bitcoin to fiat everytime you make a deposit.

I think having a reliable wallet with complete options of exchanging bitcoin to fiat can be the best way to do prior sending amounts for you bettings. With that it's a very fast transactions to have and sportsbook gambling games will be much more profitable, although losing is prone always.

That would just cause more inconvenience to the gambler. Sportsbook like 5dimes accepts bitcoin then turns your bitcoin deposit to fiat and when you withdraw they'll convert the fiat amount that you requested in bitcoins. Another temporary solution to this is to bet with other crypto like ltc and eth or even in game items like csgo skins while the price isn't stable.

[Tungsten-1]

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price.

You can buy a lot of food by these 100 dollars that you keep on saving in gambling sites every week and food is much better than gambling. You must be winning and losing. Also as you are a regular customer, you must be actually losing more because house always does this with such people.

Don't you think your bitcoins are actually being wasted away and you can utilize them in some more beneficial way?

Really I am just wondered and astonished with the people who are even gambling with bitcoins. It is not bad to even gamble with fiat but okay let it be a little foolish but why people are just wasting their entire bitcoin wallet just for gambling. They think by doing so, their bitcoins could be doubled? Seriously? They are just fools, fools who never get their money again.

[LuanX3]

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price.

You can buy a lot of food by these 100 dollars that you keep on saving in gambling sites every week and food is much better than gambling. You must be winning and losing. Also as you are a regular customer, you must be actually losing more because house always does this with such people.

Don't you think your bitcoins are actually being wasted away and you can utilize them in some more beneficial way?

Really I am just wondered and astonished with the people who are even gambling with bitcoins. It is not bad to even gamble with fiat but okay let it be a little foolish but why people are just wasting their entire bitcoin wallet just for gambling. They think by doing so, their bitcoins could be doubled? Seriously? They are just fools, fools who never get their money again.

Because some people has no access to credit cards or a gambling account that requires so much KYC that they even require a selfie with your mom. :/
Bitcoins provided a way for people to gamble, not every body bought bitcoins for purposes of speculative investments, some uses it to gamble on casinos or sportsbooks.

[Oilacris]

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price.

You can buy a lot of food by these 100 dollars that you keep on saving in gambling sites every week and food is much better than gambling. You must be winning and losing. Also as you are a regular customer, you must be actually losing more because house always does this with such people.

Don't you think your bitcoins are actually being wasted away and you can utilize them in some more beneficial way?

Really I am just wondered and astonished with the people who are even gambling with bitcoins. It is not bad to even gamble with fiat but okay let it be a little foolish but why people are just wasting their entire bitcoin wallet just for gambling. They think by doing so, their bitcoins could be doubled? Seriously? They are just fools, fools who never get their money again.

Because some people has no access to credit cards or a gambling account that requires so much KYC that they even require a selfie with your mom. :/
Bitcoins provided a way for people to gamble, not every body bought bitcoins for purposes of speculative investments, some uses it to gamble on casinos or sportsbooks.

This is why bitcoin gambling is becoming popular because of the convenience that it gives and there not hassle on following up shitty KYC rules. Bitcoin price volatility doesnt affect too much on how i do gamble but somehow you would regret later on because you would lose up soo much totally when price do rise up.

[dmamigo]

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price.

You can buy a lot of food by these 100 dollars that you keep on saving in gambling sites every week and food is much better than gambling. You must be winning and losing. Also as you are a regular customer, you must be actually losing more because house always does this with such people.

Don't you think your bitcoins are actually being wasted away and you can utilize them in some more beneficial way?

Really I am just wondered and astonished with the people who are even gambling with bitcoins. It is not bad to even gamble with fiat but okay let it be a little foolish but why people are just wasting their entire bitcoin wallet just for gambling. They think by doing so, their bitcoins could be doubled? Seriously? They are just fools, fools who never get their money again.

Because some people has no access to credit cards or a gambling account that requires so much KYC that they even require a selfie with your mom. :/
Bitcoins provided a way for people to gamble, not every body bought bitcoins for purposes of speculative investments, some uses it to gamble on casinos or sportsbooks.

This is why bitcoin gambling is becoming popular because of the convenience that it gives and there not hassle on following up shitty KYC rules. Bitcoin price volatility doesnt affect too much on how i do gamble but somehow you would regret later on because you would lose up soo much totally when price do rise up.

Unless someone converts USD to BTC, the price volatility won't create any difference. And even if you are holding some BTC and gambling the rest, I agree surely he/she will feel or remember the loss he made on gambling, but thats future. At the present mostly it doesnt matters untill I buy Bitcoins.

[el kaka22]

Since I looked bitcoin value in dollar so yes it's affect my gambling habit when bitcoin value getting expensive.
I'm wonder if someone able still bet 1 btc per bet just like happen on three years ago, but yes...when you want profit, dare to take the risk or you got nothing !

You are right! The volatility actually determine the level of bet you play when compared to its proportion in USD. You could have played with 1BTC about 7 years ago without being bothered but playing with that now is obviously a very huge risk.

However, most online gambling sites have been able to reduce the minimum bet as the value keeps rising compared to before, so they also understand the impact of the volatility as well as the users.

[gabmen]

Since I looked bitcoin value in dollar so yes it's affect my gambling habit when bitcoin value getting expensive.
I'm wonder if someone able still bet 1 btc per bet just like happen on three years ago, but yes...when you want profit, dare to take the risk or you got nothing !

You are right! The volatility actually determine the level of bet you play when compared to its proportion in USD. You could have played with 1BTC about 7 years ago without being bothered but playing with that now is obviously a very huge risk.

However, most online gambling sites have been able to reduce the minimum bet as the value keeps rising compared to before, so they also understand the impact of the volatility as well as the users.

Well for me, if i m earning btc, then there's not much difference in it. Of course if i'm gambling from btc i've bought from fiat there probably would be second thoughts about the fiat equivalent but if i earned btc, its the same

[futile-resistance]

Since I looked bitcoin value in dollar so yes it's affect my gambling habit when bitcoin value getting expensive.
I'm wonder if someone able still bet 1 btc per bet just like happen on three years ago, but yes...when you want profit, dare to take the risk or you got nothing !

I bet proportionally to the Dollar price too, so it affects my game a lot and more than this, when I see BTC price is too volatile I prefer to don't gamble, better to wait the prices become stable again, the volatility can bring a nice opportunity of guaranteed profit that gambling doesn't offer us, so it would be a waste of BTCs to gamble while the prices are changing too much.

I think there are some crazy guys that still bet 1 BTC sometimes at once. $4000 is nothing for millionaires/billionaires. 

It is really amazing to see people gambling with bitcoin like it was not enough to waste fiat on this insane activity. I am not criticizing anyone but the game itself. Maybe, some people will hate my words but no one will dare to deny the fact that gambling is useless and dangerous game. Spending a precious asset on it for the sake of few fun moments is not clever.

[poplolnman]

Since I looked bitcoin value in dollar so yes it's affect my gambling habit when bitcoin value getting expensive.
I'm wonder if someone able still bet 1 btc per bet just like happen on three years ago, but yes...when you want profit, dare to take the risk or you got nothing !

those people with huge desire and have a lot of addiction problem would become greed to keep placing bet in bitcoin no matter how much it is in dollar value. they tend to take that big opportunity (for them it's an opportunity sometimes) to make a big money or just go home. i wouldn't do that as well , prefer to play safe and stay on the limit line.

[lorylore]

I used to be easily affected by the price of the bitcoin to control my gambling needs. However, some time ago, i have shifted from gambling bitcoin to gambling dogecoin. Two of the best things about dogecoin are that the supply is huge and the price is stable in satoshi.

[BunnyShibe]

I used to be easily affected by the price of the bitcoin to control my gambling needs. However, some time ago, i have shifted from gambling bitcoin to gambling dogecoin. Two of the best things about dogecoin are that the supply is huge and the price is stable in satoshi.

Of course price volatility greatly affect gambling habits because if the price is high then I will earn more and more money and I will gamble a lot but if the price of bitcoin falls and I lose in that or my earnings are very little then I may quit gambling habit because of the money. Gambling relates only with money. The more money the more ambling, the less money the less gambling or no gambling.

[stolendata]

Since I looked bitcoin value in dollar so yes it's affect my gambling habit when bitcoin value getting expensive.
I'm wonder if someone able still bet 1 btc per bet just like happen on three years ago, but yes...when you want profit, dare to take the risk or you got nothing !

those people with huge desire and have a lot of addiction problem would become greed to keep placing bet in bitcoin no matter how much it is in dollar value. they tend to take that big opportunity (for them it's an opportunity sometimes) to make a big money or just go home. i wouldn't do that as well , prefer to play safe and stay on the limit line.

I think if I want to gamble I will never gamble with my bitcoin because bitcoin is the only source of my income and if I lose my bitcoin my earnings will be finished. I think I will gamble only with the earnings from bitcoin and definitely the price volatility affect my habits of gambling. If I have no or less which is only for my daily necessities how can I gamble? I think it is not sensible to gamble with the money of your family needs.

[carlerha]

Since I looked bitcoin value in dollar so yes it's affect my gambling habit when bitcoin value getting expensive.
I'm wonder if someone able still bet 1 btc per bet just like happen on three years ago, but yes...when you want profit, dare to take the risk or you got nothing !

I bet proportionally to the Dollar price too, so it affects my game a lot and more than this, when I see BTC price is too volatile I prefer to don't gamble, better to wait the prices become stable again, the volatility can bring a nice opportunity of guaranteed profit that gambling doesn't offer us, so it would be a waste of BTCs to gamble while the prices are changing too much.

I think there are some crazy guys that still bet 1 BTC sometimes at once. $4000 is nothing for millionaires/billionaires. 

It is really amazing to see people gambling with bitcoin like it was not enough to waste fiat on this insane activity. I am not criticizing anyone but the game itself. Maybe, some people will hate my words but no one will dare to deny the fact that gambling is useless and dangerous game. Spending a precious asset on it for the sake of few fun moments is not clever.

Not at all because I never gamble and especially in bitcoin because I have no experience of gambling and if I put some bitcoin in gambling I am sure that I will lose that. So for me price volatility is only affected my earnings and not gambling habits. No doubt many people who are addicted of gambling will be affected due to the volatility in price because of the earnings but I suggest not gambling if the price is too low and so is the income.

[jagmrx]

I used to be easily affected by the price of the bitcoin to control my gambling needs. However, some time ago, i have shifted from gambling bitcoin to gambling dogecoin. Two of the best things about dogecoin are that the supply is huge and the price is stable in satoshi.

Of course price volatility greatly affect gambling habits because if the price is high then I will earn more and more money and I will gamble a lot but if the price of bitcoin falls and I lose in that or my earnings are very little then I may quit gambling habit because of the money. Gambling relates only with money. The more money the more ambling, the less money the less gambling or no gambling.

In my opinion, Bitcoin's price do not affect the gambling habbit. Why ? Because gambling is not only with Bitcoin. You can gambling with any money, not just cryptocurrency. Besides, I think Bitcoin's price may affect people to stop gambling. If you win some good amount of money and you keep it in your Bitcoin wallet. And then the price of Bitcoin going up like a rocket, you will get profit with no work to do. You realize that investing is better than gambling, then you will stop gambling. You can see my point right ?