Friendly advice/warning about gambling in this market

[drlukacs]

Thank you for your advice but I think not only gambling with Bitcon only cause not only Bitcoin's price is falling at the moment, if you guys are going to use another cryptocurrency to gamble so it'll be the same. Should we use another cryptocurrency to gamble or shouldn't use cryptocurrency to bet at this time?

[maydna]

Thank you for your advice but I think not only gambling with Bitcon only cause not only Bitcoin's price is falling at the moment, if you guys are going to use another cryptocurrency to gamble so it'll be the same. Should we use another cryptocurrency to gamble or shouldn't use cryptocurrency to bet at this time?

I think while the other crypto is not too expensive, we can use it for gambling because if we want to deposit to the gambling site, we need to have the coin and if we don't have, then we need to buy the coin. So when we can buy the coin at the cheap price, we can get a lot of amounts and we can use it for playing gambling. I think when bitcoin price is falling, people will still playing gambling and they can buy much bitcoin and hold some bitcoin in their wallet and use the other amount for playing gambling.

[raven7886]

Nobody cares if you have millions of dollars worth of crypto. The point of advice here given by OP is that your millions of dollars might worth less even if you win in this market so don't be alarmed. You can bet a million dollars into something and win and get a million dollars back, it is all because of the market change.

I think the help was given with no ill manner, it was to help people realize that when the markets fall you should focus on the amount of bitcoin you gamble with instead of the dollar value of how much you gamble, if you look at the bitcoin number instead of the fiat you will realize that you did won, if you check the fiat number you would think the company is trying to scam you somehow. That is why you should be really extra careful during these types of markets while gambling.

[dead_m92]

Yeah that is the best thing to do.

Better ot join all those casinos that are accepting your Visa/mastercard or any other fiat gateway that is not related to cryptos.

what if bitcoin goes back to $6000 in a few weeks?

Thanks for informing us mate, probably even if you won on gambling there's nothing left to be called as profit because the btc could turn against your winning streak.

I will only gamble on fiat for this week or so.

[Thanasis]

Gambling is always risky and when it comes to crypto gambling they have extra risk that prices of cryptos can fall any time so think before entering into any sites.Or just convert your crypto into stable coins after you got winning.

I won't call a advice . More like personal experience , when I launch my Vegas Casino on my mobile or using pc to play a game of blackjack . I only focus on few things

Get 21 points on the player's first two cards
Reach a final score higher than the dealer without exceeding 21 or
Let the dealer draw additional cards until their hand exceeds 21.

If I have good lucky winning streak . I try to keep thing short because i believe in gambling moderately but if i handed bad pair of card . I just fold it and wait for next game . Just enjoy and keep your thought about the game in front of you  . Other then that, it only serve as distraction for you

Did you post the same content somewhere else too? Because it got a feeling like I read it already before.

[KingZee]

Gambling is always risky and when it comes to crypto gambling they have extra risk that prices of cryptos can fall any time so think before entering into any sites.Or just convert your crypto into stable coins after you got winning.

Stable coins? And which ones would that be?



Even the ETHorses are running away from their stables at this point.

For unexperienced people converting to anything will probably only worsen their losses. Converting to fiat would be a good option, but it's pointless if they're going to still gamble with their money in the close future, might as well just hodl and stack any winnings.

[darkangel11]

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

[syamster]

Gambling is always risky and when it comes to crypto gambling they have extra risk that prices of cryptos can fall any time so think before entering into any sites.Or just convert your crypto into stable coins after you got winning.

I won't call a advice . More like personal experience , when I launch my Vegas Casino on my mobile or using pc to play a game of blackjack . I only focus on few things

Get 21 points on the player's first two cards
Reach a final score higher than the dealer without exceeding 21 or
Let the dealer draw additional cards until their hand exceeds 21.

If I have good lucky winning streak . I try to keep thing short because i believe in gambling moderately but if i handed bad pair of card . I just fold it and wait for next game . Just enjoy and keep your thought about the game in front of you  . Other then that, it only serve as distraction for you

Did you post the same content somewhere else too? Because it got a feeling like I read it already before.

To be honest I have seen this post for the first time and I am happy to see such interesting topic to talk about. For me risk is part of life and it is our duty to take such risk for making our life good. It is bad for those who have no experience in it but it’s good for them who are good in specific game like dice cards and some more games.

[hahay]

Agree, maybe the solution is that you can bet on casinos that don't require long results like sports matches. I also usually only play blackjack and poker if the market is in a downward trend and usually I am lucky there. For the time being I haven't started yet but will play it soon besides sports betting.

[wxa7115]

True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.

Certainly as things are going now, there is a huge possibility we might get to see bitcoin go down the more in the short term towards the end of the month, but all the same, it is the market, and we all know how volatile it can be, which is why I agree as well with the OP, that at this point in time, it is best to even stay clear of gambling with bitcoin.

I really do not see the difference, it is true that with the crash in the price of bitcoin the profits that you will receive out of your gambling activities are going to be lower in terms of fiat, but you're still going to receive the same amount of bitcoin, maybe I'm just to used to just think in terms of bitcoin and not in fiat anymore but the only thing that you need to do if you are disappointed with your fiat profits when you are gambling with cryptocurrencies is to wait for the market to recover.

Which is something that you will do anyway if you are a long term holder, so that is not really a problem for me but I can understand why that will be troublesome for someone which likes to get in and out of the market regularly.

[LogitechMouse]

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

Yeah I think its more risky if you gamble using Bitcoin and other cryptos because we don't know when will it rise or drop but I think what is important is you accumulate more Bitcoin and forget its USD value. Many believe that Bitcoin will rise up maybe next year so what is important for now is that you win.

[goaldigger]

The value makes online casinos a lot difficult to deal with and I am really agreeing to this. BTC has its own problems that needs to be solved first before using. Do not try to risk yet your resources just for a tiny winnings in gambling. If you can be mpre patient enough before trying, you can profit more with less worries.

[akram143]

The value makes online casinos a lot difficult to deal with and I am really agreeing to this. BTC has its own problems that needs to be solved first before using. Do not try to risk yet your resources just for a tiny winnings in gambling. If you can be mpre patient enough before trying, you can profit more with less worries.

Water we are saying the gambling uses will not withdraw from their food because they are put a lot of money in gambling still they are getting your profit they will be definitely addicted to Tablet it cost lots of problems for web but what we are doing is the most not answerable question for all gambler's.

[Betwrong]

~
True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.
~

When betting with Bitcoin these days you are basically betting with more money than you think you are, and in that sense I agree with OP. But since you are bringing up a topic of winning, let's think about it a minute. When winning $20 one year ago you were given 0.00117 BTC while you are given 0.005 BTC if you win $20 today. So, I see no point in playing with fiat and then buying Bitcoin with the money you won, because most likely you would be able to buy less BTC compared to what you would've receive on a gambling site.

Of course we shouldn't presume on winning in the first place, so the warning in the OP is very important.

[carlfebz2]

~
True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.
~

When betting with Bitcoin these days you are basically betting with more money than you think you are, and in that sense I agree with OP. But since you are bringing up a topic of winning, let's think about it a minute. When winning $20 one year ago you were given 0.00117 BTC while you are given 0.005 BTC if you win $20 today. So, I see no point in playing with fiat and then buying Bitcoin with the money you won, because most likely you would be able to buy less BTC compared to what you would've receive on a gambling site.

Of course we shouldn't presume on winning in the first place, so the warning in the OP is very important.

When comparing between fiat and bitcoin betting then we know which one do have the potential of earning more.So, we would basically go with BTC bets but the question
is on how to win constantly or on high chances.We do have the advantage yet we can accumulate btc gradually which we know that volatility would be the reason for us
to earn even more but as been said it would still remain on chances.

[playboy654]

~
True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.
~

When betting with Bitcoin these days you are basically betting with more money than you think you are, and in that sense I agree with OP. But since you are bringing up a topic of winning, let's think about it a minute. When winning $20 one year ago you were given 0.00117 BTC while you are given 0.005 BTC if you win $20 today. So, I see no point in playing with fiat and then buying Bitcoin with the money you won, because most likely you would be able to buy less BTC compared to what you would've receive on a gambling site.

Of course we shouldn't presume on winning in the first place, so the warning in the OP is very important.

When comparing between fiat and bitcoin betting then we know which one do have the potential of earning more.So, we would basically go with BTC bets but the question
is on how to win constantly or on high chances.We do have the advantage yet we can accumulate btc gradually which we know that volatility would be the reason for us
to earn even more but as been said it would still remain on chances.

 sometimes friendly address will be very useful but in some times we need to make some warning for all of us to be prevented because if something will happen to the gambling uses then we need to want them to be safe or without doing any mistakes this will helpful for them.

[imstillthebest]

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

Yeah I think its more risky if you gamble using Bitcoin and other cryptos because we don't know when will it rise or drop but I think what is important is you accumulate more Bitcoin and forget its USD value. Many believe that Bitcoin will rise up maybe next year so what is important for now is that you win.

Cryptos were always risky even before ,  not only on gambling but on almost any profitable activies or business because cryptos are unstable  but people are already aware with it  .  if you are still scared then dont play online gambling but instead you may rather play traditional gambling using fiats  if you feel that it is less riskier  . 

[leowonderful]

Some people do choose to gamble with Bitcoin and other cryptocurrencies like Monero for the sake of anonymity, though, and for some people the risk of losing fiat value through price volatility is offset by this anonymity that's difficult to find elsewhere in online gambling. Transactions through crypto may also be quicker and more convenient compared to fiat casinos, and convenience is something else some people are willing to pay for. It's true that fiat gambling may be a better option for some, but there are also reasons for gambling with cryptocurrency even in this crypto bear market we're in right now too.

[samcrypto]

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

Yeah I think its more risky if you gamble using Bitcoin and other cryptos because we don't know when will it rise or drop but I think what is important is you accumulate more Bitcoin and forget its USD value. Many believe that Bitcoin will rise up maybe next year so what is important for now is that you win.

Cryptos were always risky even before ,  not only on gambling but on almost any profitable activies or business because cryptos are unstable  but people are already aware with it  .  if you are still scared then dont play online gambling but instead you may rather play traditional gambling using fiats  if you feel that it is less riskier  . 

Most of us aware that cryptomarket is very risky and some people are just ignoring that risk and continue to gamble/invest without proper knowledge and it makes them lose more. In gambling if you use your bitcoin you’re in a big risk because of the value of bitcoin and of course you might lose the precious coin if you keep on playing.

[Johnyz]

Some people do choose to gamble with Bitcoin and other cryptocurrencies like Monero for the sake of anonymity, though, and for some people the risk of losing fiat value through price volatility is offset by this anonymity that's difficult to find elsewhere in online gambling. Transactions through crypto may also be quicker and more convenient compared to fiat casinos, and convenience is something else some people are willing to pay for. It's true that fiat gambling may be a better option for some, but there are also reasons for gambling with cryptocurrency even in this crypto bear market we're in right now too.

Most probably they own a lot of cryptos, or they just receive it through bounty or what that’s why they choose to gamble using that. Yes, its more convenient to gamble using your cryprocurrency compare to the regular casinos, people are just afraid for the price of bitcoin or any coins that may rise and make more expensive to gamble. For me, whatever coins or ways you gamble it still gambling and in gambling losing is normal so expect to lose before you earn.