Does crypto market decline affect your gambling?

[bncbnc]

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.

Most of the people use bitcoin as medium for payment, therefore when the price is dropping i think it will surely effect them, but i think that now the bitcoin price is raising again and therefore we are hopeful that very soon bitcoin price will reach to its previous high price and will even continue increasing and thus gambling will once again recover their lost that they made because of bitcoin dumping.

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[Rinsend]

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.

Most of the people use bitcoin as medium for payment, therefore when the price is dropping i think it will surely effect them, but i think that now the bitcoin price is raising again and therefore we are hopeful that very soon bitcoin price will reach to its previous high price and will even continue increasing and thus gambling will once again recover their lost that they made because of bitcoin dumping.

this is the advantage given by bitcoin.
although this I do not think has an impact on my gambling,
but if we calculate on fiat currency is very visible comparison.
this is what I like about bitcoin gambling.
besides being able to benefit every gambling,
in terms of price can be said this is a long term investment.
because prices continue to grow in the future

[michaelch]

It does affect my gambling somewhat, for sure. But I do revert to traditional casinos using fiat currencies if it is not beneficial to me.

[BabyBoss]

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

Of course all of us is really affected here because all the tokens now is in red waves and this is so difficult I think to gamble because this ia now big lose. And I think some gamblers are now pause there game everyday in casino sties and wait until all tokens and coins that been use to gamble is to recover. This is big problem now so this is my thinking about playing gambling now.

[jrrsparkles]

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

I don't think it will affect any of the gambling practices because our rewards are only calculated in terms of bitcoin so the rewards will be the same only the value is changed,so I think now people can deposit more amount of bitcoins but only the winners maybe worrying that the rewards are less than before.But don't forget that the price of bitcoin is still at $9000 which was around $3500 before 4 or 5 months.

[emberbekas]

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

Of course, the decline in coin prices mostly will affect our playing style. When the price drops, I will raise my bet amount and when the price goes up, I will do the opposite.

[dmamigo]

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

I don't think it will affect any of the gambling practices because our rewards are only calculated in terms of bitcoin so the rewards will be the same only the value is changed,so I think now people can deposit more amount of bitcoins but only the winners maybe worrying that the rewards are less than before.But don't forget that the price of bitcoin is still at $9000 which was around $3500 before 4 or 5 months.

It will effect, it has to. Most addicted gamblers will get a chance to increase there gambling capital, yeah Bitcoin or any other crypto currency is the one used to calculate the rewards, but still now we need to first convert our fiats to Bitcoins etc., so when the rates are low, we get more amount of coins and it helps in increased betting or gambling stakes.

[Thanasis]

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

I don't think it will affect any of the gambling practices because our rewards are only calculated in terms of bitcoin so the rewards will be the same only the value is changed,so I think now people can deposit more amount of bitcoins but only the winners maybe worrying that the rewards are less than before.But don't forget that the price of bitcoin is still at $9000 which was around $3500 before 4 or 5 months.

It will effect, it has to. Most addicted gamblers will get a chance to increase there gambling capital, yeah Bitcoin or any other crypto currency is the one used to calculate the rewards, but still now we need to first convert our fiats to Bitcoins etc., so when the rates are low, we get more amount of coins and it helps in increased betting or gambling stakes.

You are right, we may get the more bitcoins because of its cheaper price but it does affect our rewards too.But the gambling addicts have a good chance to increase their funds now.
But I am not a full time gambler so it doesn't affect me in anyways.

[superjeyy]

Even if it seems it doesn't, it somehow does because I feel like when I bet, I depend it on how much the rate is. If the rate is low, then I can bet more and do it vice versa. The rewards may be of the same amount but it will definitely not be of the same value which is why I really think that the rates somehow do have an effect towards the gambling practices of people. Overall, I guess people would prefer having the rates at a low but also having high winnings so that when the market is in a good place, they would also have a good value for their winnings.

[JL421]

It does effect me , losing 1 bitcoin 2 years ago was just 700$ but today it is 8000 which has affected me a lot and i was able to control my gambling habits also because of this rise and started saving. Today I'm really happy even if the market does decline it's falling to 6000$ which is still a huge amount , no matter how low bitcoin becomes i will never gamble again

[noormcs5]

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

I think downfall on crypto will have no negative effect in gambling. There can be a positive effect though, as now people can buy BTC in less price and can gamble more with their money. You can say Gambling is Cheap these days until the Bitcoin prices tries to rise up again.
Overall, i think there is not much decline in gambling industry due to this fall of cryptos.

[ArnoldChippy]

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

I think downfall on crypto will have no negative effect in gambling. There can be a positive effect though, as now people can buy BTC in less price and can gamble more with their money. You can say Gambling is Cheap these days until the Bitcoin prices tries to rise up again.
Overall, i think there is not much decline in gambling industry due to this fall of cryptos.

Yes that is right, decreasing price of bitcoin making it easy for the gambling er purchase bitcoin and play with more money, When the price is increasing then they may not be able to buy more bitcoin with little money, Therefore decreasing price of bitcoin may have good effect on gambling and people may become able to buy more bitcoin will little investment.

[usekevin]

Now the price of bitcoin is half of the old value. So you can easily increase the bet amount.If you place 1000$ in term of bitcoin means, you can place more bitcoin as compared to past month.
This time you can place huge bitcoin in gambling. This will increase the chances of winning.

[poplolnman]

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.

Then do you want to miss this cheap period again to see the price skyrocketing in the future? You can spend bigger amount of bitcoin now before it's went to $50k and to enjoy your profit later. If you feel ready to lose what you've wagered,mi think this could be a worth taken high risk investment, that's all.

[BitcoinSupremo]

Lately bitcoin fees are down a lot and they are not a factor to affect my gambling. Normally the price drop should affect us in a better way , meaning we can buy bitcoin cheaper for gambling and not the other way around like many people are complaining here. Also people like me who are mining bitcoin at home with multi GPU setup don't care much about the bitcoin price as long as it is profitable (btc profit-energy>=0).
For me it is the same in gambling, even if bitcoin price is 100 usd or 100000 usd.

[Lionidas]

Lately bitcoin fees are down a lot and they are not a factor to affect my gambling. Normally the price drop should affect us in a better way , meaning we can buy bitcoin cheaper for gambling and not the other way around like many people are complaining here. Also people like me who are mining bitcoin at home with multi GPU setup don't care much about the bitcoin price as long as it is profitable (btc profit-energy>=0).
For me it is the same in gambling, even if bitcoin price is 100 usd or 100000 usd.

I completely agree to what you are saying.
The fees always affect you when you are gambling. Due to the fact you want to cover those fees so they do not cut into your winnings. And if they are too high such as they were a month ago, you will try to win that amount of the fee and most of the time lose more if not all in trying to do so.
I do find betting with a lesser coin such as litecoin not as satisfying as if you were betting with bitcoin because, if you look at your winnings, are about a tenth less.

[swscowods]

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.

I hope this has happened. Betting bitcoin on random games is a little insane and stupid act. This currency is the most powerful one, possesses the most potential to grow the capital of holders, losing it without even selling it out is equal to losing a golden opportunity of becoming a rich person. Just think how much profit buying one bitcoin now can give by the end of this year if it really touches the predicted value of 30k dollars.

[ajochems]

I think it is purely depend on crypto market change.If the price of bitcoin is low,It's possible for me to buy huge bitcoin for certain dollars.Instead the price of bitcoin is high means,I will buy a less amount of bitcoin. Since the gambling accept the bitcoin, I will use to inverse less when the price is high and higher when the price is low.

[livingfree]

Everyone has been affected when the market has declined. When I'm out of funds during that time, I care about the fees as the value of bitcoin is increasing too. But now that the market has dropped and fees went down too, I don't care about the fees anymore.

[ajmapalo22]

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

Yes because I need to consume big amount of bitcoin now unlike before and I tend to feel a little regret when I lose a game because I always think bitcoin value will increase again and I'm going to lose a lot from gambling. Sometimes I'd rather play using faucet claims so I will not consume much of my capital.