Does crypto market decline affect your gambling?

[bitcoinmasterlord]

Yes It does affect because as the price of cryptocurrencies fall many gamblers online started to lessen their bet since the value is lower. Compared to previous months where online gambling is very crowded where gamblers are actively gambling online.

I think your talking opposite way because if bitcoin prices go down you can see many people who are buying bitcoins to gamble will bet more compared to when prices were high. If Bitcoin prices go very high then most people may think twice to spend money to buy and gamble. But people who have got old stock may be different and they won't look at the market price to gamble.

this is only true if the price is already low and staying there, not when it is dropping and on the way down there. during the drops or even rises people tend to go back to trading and being more active in the market itself specially if it is dropping so they pull out of any other activity such as gambling.

I think now many gamblers stopped to play gambling with bitcoins and they prefer to play with altcoins the reason is last year Bitcoin price. it went up to $20k, and I don't know how many gamblers felt so bad. But you are right when the price is less people will not think more and when it is skyrocket they will double time before placing a bet amount.

[1715442925]

1715442925

[1715442925]

1715442925

[1715442925]

1715442925

[1715442925]

1715442925

[btc-facebook]

This is unpredictable and it's also affect on my  gambling habit especially when bitcoin market all turn into red.
At the moment I'm experience some losses so I try to gamble less than ordinary time

[krishnaverma]

I do not spend much on Bitcoin gambling and thus prices does not affect me much. I got one advantage by this. I have noticed that now that prices of Bitcoins are on lower side, I can see my deposits being processed in less time. I know it will not last long as Bitcoin prices will recover but I am enjoying the current trends.

[carodupuis]

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with. Is it affecting your gambling?

It should or rather it automatically would affect the amount of coin used for playing gambling but gambling is not the right way of using any crypto coin. I am not a gambler or you can say that I quit this game long time ago, but if I still were one, I would have rather played more due to the downfall as that means losing same amount would mean less loss than before. But I am happy that I don’t play anymore.

[noormcs5]

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with. Is it affecting your gambling?

Normally its decline affect on our gambling. But mostly those gamblers feel happy who play gambling on daily basis but i am not a regular gambler but it is clear bitcoin price increase and decrease affect on our betting.

[nelsledma]

Well yeah, it does affect my bet sizings on certain games I play, but other than that, no.
I think the amount of fees I'd have to pay to send a deposit has more of an affect than the sudden drop in price.

I had switched over to Litecoin for the most part, just because transactions were so slow and fees were too high for my taste.

Since that you have not mentioned, I hope you don’t mind me assuming that it was bitcoin which you were using to play gambling before. Bitcoin is the most beneficial asset on the face of Earth and I am happy to see that you have shifted to Litecoin because that has actually far less potential than bitcoin. Now, you can earn good amount of profits after some time because bitcoin is expected to touch 30k dollars in coming days.

[marcbitcoins]

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with. Is it affecting your gambling?

Yes, i was affected because the Bitcoin value decreased in which you need to spend more bitcoins to match up every deal in gambling in which unfortunately if you loose it will doubled the cost of losing but in order to stop the damage i did stop gamble for a while and wait for the market to bounce back. This moved bores me but i don't have a choice but to wait until finally market is healing now and i can play more deals than last week. 

[iv4n]

It doesn't affect me when market is declining, it affect me when its increasing ans casinos have same minimal bet. When you gamble you need to know your bankroll, minimal and maximal bets, it's not same when 1 mBTC minimal bet is 1 dollar or 19 dollars.
Like some other people here I also use other alts for gambling, when ever I can. Nitrogen where I play poker doesn't accept any other coin, just bitcoins, who knows maybe they will change that. But they don't have slots and I like to play slots sometimes. Last time I played was at fortune jack, they had nice promo if you deposit doge so I deposited doge coins.

[xandra]

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with. Is it affecting your gambling?

No,it does not affect because i don't gamble using my coins and i also seldom gamble in my place. What i do is still holding my coins up to now ,i never tried gambling using bitcoin because i am so afraid to lose it.

[Caladonian]

I do not spend much on Bitcoin gambling and thus prices does not affect me much. I got one advantage by this. I have noticed that now that prices of Bitcoins are on lower side, I can see my deposits being processed in less time. I know it will not last long as Bitcoin prices will recover but I am enjoying the current trends.

I notice this too, since the value is declining the process is no longer that long and I was able to catch some games that I wanted to bet unlike before that it's taking some time so most of  those live games that I wanted to bet won't work for me as I needed to wait for my deposit to appear and most of the time odds already change or being removed, but just like you, I also limit my time and only use spare coins to have some fun  so I'm not  affected that much.

[sheenshane]

I do not spend much on Bitcoin gambling and thus prices does not affect me much. I got one advantage by this. I have noticed that now that prices of Bitcoins are on lower side, I can see my deposits being processed in less time. I know it will not last long as Bitcoin prices will recover but I am enjoying the current trends.

I notice this too, since the value is declining the process is no longer that long and I was able to catch some games that I wanted to bet unlike before that it's taking some time so most of  those live games that I wanted to bet won't work for me as I needed to wait for my deposit to appear and most of the time odds already change or being removed, but just like you, I also limit my time and only use spare coins to have some fun  so I'm not  affected that much.

The same as here, maybe it is not affect if you don't withdraw your remaining balance while bitcoin is in dip. Besides you can spend more of bitcoin in gambling, why not you just hold your investment amount in gambling site after increasing then you may withdraw on it. It serves as a spare bitcoin in your account that waiting for increasing and then withdraw and you bet more using this bitcoin.

[ajochems]

It does in some ways. Though buying bitcoin itself is a gamble and you are gambling the the gambling token. Your profit and loss should be considered along BTC is BTC gambling and the fluctuation in USD should be measure with your amount of Bitcoin bought.

Ya if you inverse in bitcoin and price of bitcoin raised certain percentage means, you will get profit. In gambling also you will get profit based on a luck.Now the price of bitcoin is low,so you can place a bitcoin in gambling and get more profit from it .But you have to take it as a game.

[serjent05]

Definitely it has an effect to the amount of BTC I am using when am playing in a gambling with cryptocurrency.  Since it is cheaper, I can spend a higher amount of BTC unlike when BTC were 20k USD.  It somehow double the amount of BTC which I can spend at the same rate in USD.  So this means, I can play longer and even bet higher amount in BTC than my previous bets.

[piloder]

I mostly gamble what I can afford to loss in terms of USD not interms of number of coin. However When market goes down like this I stop gambling my coins.

I think casino's profit also decline with decline in crypto price.

[ArnoldChippy]

It does in some ways. Though buying bitcoin itself is a gamble and you are gambling the the gambling token. Your profit and loss should be considered along BTC is BTC gambling and the fluctuation in USD should be measure with your amount of Bitcoin bought.

Ya if you inverse in bitcoin and price of bitcoin raised certain percentage means, you will get profit. In gambling also you will get profit based on a luck.Now the price of bitcoin is low,so you can place a bitcoin in gambling and get more profit from it .But you have to take it as a game.

As for playing gambling online, specially while using bitcoin for playing gambling i convert my fiat in to bitcoin, and if the price of bitcoin is decline ten i have to invest more money, because i do my calculation in fiat  therefore i do not think that the change in bitcoin price either it is increasing or decreasing it do not put any financial effect on me.

[BlockEye]

I mostly gamble what I can afford to loss in terms of USD not interms of number of coin. However When market goes down like this I stop gambling my coins.

I think casino's profit also decline with decline in crypto price.

Many decides to minimize their gambling activities due to this , and I'm one of them, than to gambling I prefer to wait to more dips of some alts to buy, though I sneak some dice game once in a while, red days indeed affects our activities may it be in trading or in gambling.

[BossMacko]

For me no it doesn't effect my gambling, what can i do if i love gambling? I chose to gamble with crypto so whatever price it go as long as the site is accepting that crypto that i have that is good to me already. However others are right its getting boring nowadays because some of my friends in gambling sites are not playing because they are depressed in the current activity of CRYPTOs nowadays.

[ethereumhunter]

I think it doesn't affect my gambling. maybe for gambler which uses bitcoin as the bets, it's effect on their gambling, but I don't think that this is effect too with gambler which uses dogecoin no matter how much bitcoin price, as long as dogecoin is cheap, it will not affect with my gambling especially if I can buy a lot of dogecoin for a bet.

[dylanc]

For sure, the price of bitcoin affects my gambling to a certain extent, even subconsciously. It affects how much I bet and how much I can afford to put on the table.

[Oilacris]

I mostly gamble what I can afford to loss in terms of USD not interms of number of coin. However When market goes down like this I stop gambling my coins.

I think casino's profit also decline with decline in crypto price.

Many decides to minimize their gambling activities due to this , and I'm one of them, than to gambling I prefer to wait to more dips of some alts to buy, though I sneak some dice game once in a while, red days indeed affects our activities may it be in trading or in gambling.

Even myself do still sneak out on playing some game but not really too much because money is already allocated or budgeted in trading. Gambling for few minutes or few rolls isnt bad but having this decline of prices should seen as an opportunity.