Does bitcoin's price volatility affect your gambling habits?

[btcjocan]

With this current price it reached, i believe gambling with bitcoin is not a good idea at all. Even a small amount of bitcoin is valuable because that amount you spend will propably be more useful for you later if you keep it now. I spent most of bitcoin i earned on gambling sites. I did not realise it until now.
The high price of bitcoin defenetly affects gambling habits. You become more careful with the games you play and you set limits for yourself.

Even how you keep careful when playing gambling, we have no assurance that we won't lose because gambling in reality is a disappointments. You got trapped with addictions and couldn't manage to play in a focused manner, that's why other prefer to divert with crypto tradijg investments, then hold their coins and sell when its neede to. Just like with gambling you'll always affected specially the price was so expensive in the market.

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[vv181]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

[Semaj123]

With this current price it reached, i believe gambling with bitcoin is not a good idea at all. Even a small amount of bitcoin is valuable because that amount you spend will propably be more useful for you later if you keep it now. I spent most of bitcoin i earned on gambling sites. I did not realise it until now.
The high price of bitcoin defenetly affects gambling habits. You become more careful with the games you play and you set limits for yourself.

Even how you keep careful when playing gambling, we have no assurance that we won't lose because gambling in reality is a disappointments. You got trapped with addictions and couldn't manage to play in a focused manner, that's why other prefer to divert with crypto tradijg investments, then hold their coins and sell when its neede to. Just like with gambling you'll always affected specially the price was so expensive in the market.

Gamblers will likely to adjust their current bet due to the value of btc is very high. If they don't make any adjustment then probably they will lose in a short period of time. But we all know that gamblers are good at numbers so probably  they already know what to do when volatility  happen.

[LANZ777]

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?

Volatility of bitcoin affects in gambling because if l won,  then the price is down of course it's like lm a loser. But if you won then the price value is very high it's like you won a jackpot. Volatility is good in trading you can earn a lot or more because of the price that will multiply into many. Bitcoin volatility is favor to all savers of bitcoin. They have the opportunity to earn a big amount and easy to become a millionaire. Volatility of bitcoin is questionable but it makes people to monitor the price and have a quick big profit.

[BillCoin]

I would assume that as bitcoin's price is very voltality, it makes some people who are invested in bitcoin to develop a living gambling habit.

As investing in bitcoin is a very risky movement, some people who are not used to such price movements(usually people who comes from the stocks market) will start having stress and may develop a gambling addiction.

Risky investments are not good for anyone.

[sukamasoto]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

I saw some people still betting with amount when bitcoin still $ 300 on primedice and I was so amaze once he hit the 999 multiplier.
Imagine how much he earn with such of amount today !

If people have a guts, he will earn amazing profit that only can be obtain with bitcoin.
But I'm still not dare to do it by the way

[milewilda]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

I saw some people still betting with amount when bitcoin still $ 300 on primedice and I was so amaze once he hit the 999 multiplier.
Imagine how much he earn with such of amount today !

If people have a guts, he will earn amazing profit that only can be obtain with bitcoin.
But I'm still not dare to do it by the way

If you do really have the balls on betting on such way then you can really possibly hit up those amazing multiplier if you are lucky enough but if not then expect the negative side of results.Its just like that on where we do gamble something to earn something and just like yours i wont really dare on those things which i do see that i do really have a slim chance of winning. Price volatility would matter if you are really valuing your bitcoins.

[dmamigo]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

I saw some people still betting with amount when bitcoin still $ 300 on primedice and I was so amaze once he hit the 999 multiplier.
Imagine how much he earn with such of amount today !

If people have a guts, he will earn amazing profit that only can be obtain with bitcoin.
But I'm still not dare to do it by the way

If you do really have the balls on betting on such way then you can really possibly hit up those amazing multiplier if you are lucky enough but if not then expect the negative side of results.Its just like that on where we do gamble something to earn something and just like yours i wont really dare on those things which i do see that i do really have a slim chance of winning. Price volatility would matter if you are really valuing your bitcoins.

Absolutely true, it does matters, for sure. My gambling is getting reduced gradually as one of the reason is this. I don't mind trading even its fluctuates as my profit percentage is higher than gambling. But even if it volatile, I might not completely leave it.

[spngebob]

It doesn't affect my gambling habits i have and I know my limits and I never go beyond them.
I am actually thinking to stop gambling because it is stupid to pay 10$ fee for 10$ transaction, doing that I already lost money without making first bet.

[felipe04]

Yes it can affect it, my past transaction in different kinds of gambling site i always deposit 0.005 btc every 1 month but now that btc is so high i either deposit 0.002 or 0.0015 bitcoins only to play in some dice games and poker.I think in the future it's so hard to risk btc because the price is really high and taking risky is not good

[BlockEye]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

Since btc is too expensive to spend now, i usually bet before in btc value, but now before I put bet i tried to calculate if ever converted in our fiat value, seeing how much I bet before by just picking in btc amount before, I can really say that everyone decrease their amount of bets now that btc is way too high.

[gabmen]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

Since btc is too expensive to spend now, i usually bet before in btc value, but now before I put bet i tried to calculate if ever converted in our fiat value, seeing how much I bet before by just picking in btc amount before, I can really say that everyone decrease their amount of bets now that btc is way too high.

Back when bitcoin was just around 1 to 2k dollars, i would say no, i won't affect my.gambling since i'm not spending dollars but bitcoins. After bitcoin broke away and shattered the 10k mark i had a complete chamge of mind. Every satoshi now is valuable

[sana54210]

With this current price it reached, i believe gambling with bitcoin is not a good idea at all. Even a small amount of bitcoin is valuable because that amount you spend will propably be more useful for you later if you keep it now. I spent most of bitcoin i earned on gambling sites. I did not realise it until now.
The high price of bitcoin defenetly affects gambling habits. You become more careful with the games you play and you set limits for yourself.

It is still a good idea for those who want to have fun and really do have a lot of money to throw around but when I considered the amount of money I have lost if I had left it in my wallet, then it totally changed my orientation toward gambling with bitcoin.

Until maybe they start having USDT to gamble with on most of these online casinos, then I may probably reconsider since I know at least that one is more of a centralized environment.

[flower1024]

With this current price it reached, i believe gambling with bitcoin is not a good idea at all. Even a small amount of bitcoin is valuable because that amount you spend will propably be more useful for you later if you keep it now. I spent most of bitcoin i earned on gambling sites. I did not realise it until now.
The high price of bitcoin defenetly affects gambling habits. You become more careful with the games you play and you set limits for yourself.

It is still a good idea for those who want to have fun and really do have a lot of money to throw around but when I considered the amount of money I have lost if I had left it in my wallet, then it totally changed my orientation toward gambling with bitcoin.

Until maybe they start having USDT to gamble with on most of these online casinos, then I may probably reconsider since I know at least that one is more of a centralized environment.

Everyone is thinking same now, who knows the bitcoin price will increase like this in just 11 months. Even me also sold and lost in gambling number of coins, and Now I am calculating if I hold those coins what will be my profit. Now it is very tough to recollect those coins. And for me playing with fiat and USDT both are same.

[Bardman]

I personally won't gamble ever again with any cryptocurrency because the loss can be so huge. I personally lost around 40 ethereums long ago when they were around 10$. 400$ loss at the time was still pretty huge but now? at almost 700$ each ethereum is just insane.

[ethereumhunter]

I think to gamble with 0.001 btc is really a big money for me and this is why I don't want to gamble with btc and I prefer to gamble with altcoin. the volatility of bitcoin is affected my gambling habits especially when I want to buy altcoin and then send it to gambling sites and I think bitcoin is too worth for just a bet.

[Kevin77]

I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.

Apparently. When it all started and you could even and easily bet 0.01 bitcoin for a start, I doubt if there can ever be anyone who would even want to try that kind of shit now. A time will really come when probably betting even 1 satoshi will be a hard thing to do and then you see so many people just bailing out. The thing is that it will just keep reducing the amount at least for now as the price keeps increasing.

[katrimans]

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?

Despite the fact that am yet to fully start putting my money into gambling one will need not to be told of what to do when the market value of bitcoin is has increase before your bets rate so that it will conform with the rate or percentage at which use to bets before the increase in bitcoin value.

Obviously, no gamblers needs the guide that what he should do when the price of BTCs has risen in the market and when had fallen. They all have the knowledge of how much money they should bet when the price has raised or fallen.

However, the amount of bet completely changes when the change in price is found. Gamblers who played with double amount change them into single amounts and vice versa.

Yeah! You were so true. Gamblers are aware about every single update of BTCs and after making their static decisions, they come up in the market of gambling with their money.

They are well aware of all the rise and fall of the prices of BTCs because they cannot risk their money in order to have little or no knowledge. Only those gamblers are not aware about the rise and fall of BTCs’ price in market that do gambling for fun seeking.

[superjeyy]

Yup, it definitely does. I guess that's one good thing about the volatility of Bitcoin. Despite the low rates, you can make the most out of it especially in gambling. It feels like you don't have to bet on your usual rates, instead with low Bitcoin rates, you get to have more games to play. However, this also affects your winnings. I noticed that when you have a low range of bet, your winnings wouldn't be as high as they were. Either way, you get to have more rounds and more chances of winning no matter what.

[akram143]

I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.