Fiat or crypto betting in bear market?

[upsidedown75]

Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.

It is good to stick within crypto for gambling purposes but I like to recommend you to go for cheaper altcoin for your gambling rather than sticking within bitcoin for gambling. Because by considering the value of bitcoin, gambling with it might lead to big losses whereas you can experience same level of gambling by engaging with any other cheaper altcoin.

I'm just talking in the point of fun loving gambler not profit seeking gambler. For a fun loving gambler, gambling with any crypto must be the same regardless of what he will be losing or profiting.

[hahay]

For some reason I will be more active in gambling in crypto when the market is crashing, I don't plan this incident and it keeps repeating when the market crashes and I unconsciously become more active in gambling. Although it is still difficult to make a profit, I will still gamble in crypto and will not return to gambling in fiat bookies.

[neonshium]

Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.

It is good to stick within crypto for gambling purposes but I like to recommend you to go for cheaper altcoin for your gambling rather than sticking within bitcoin for gambling. Because by considering the value of bitcoin, gambling with it might lead to big losses whereas you can experience same level of gambling by engaging with any other cheaper altcoin.

I'm just talking in the point of fun loving gambler not profit seeking gambler. For a fun loving gambler, gambling with any crypto must be the same regardless of what he will be losing or profiting.

That must be the big advantage for crypto based gambling.

You can enjoy all your gambling for relatively cheaper prices. Once you get into gambling you will forget that you are gambling with bitcoin or with any other shitcoin. But, you can enjoy your gambling as before you are doing with bitcoin. This is my personal experience because I behave like this once I enter into gambling.

I'm not sure how other people will feel or behave when they are gambling with some altcoins compared to how they are gambling with bitcoins.

[Dread Pirate Roberts]

maybe it won't feel anything when price it's going down or not . because it is down 20% in the market
and you still can get 100% in the gambling then you will still feel profitable. the difference is actually the profit that gets is not optimal.

[Naida_BR]

Want your opinion on this guys.

We are situated in a bear market for some time and with a huge crash happened the past 2 weeks.

Do you guys keep betting with crypto and stack your crypto profits or do you prefer to switch to fiat betting and convert fiat winnings in crypto?
Me personally I love to bet on sports, fiat as well as on crypto platforms. However during the crash I switched to betting on fiat bookies for 90% of my bets.
Profits i make at this moment with fiat bookies i use to buy crypto cause of the cheap prices. those converted profits i deposit on crypto bookies and try to make some profits in crypto as well.


Don't know you share the same strategy or rather stick to fiat and/or crypto bookie as you usually do.

It depends. If you have bought your crypto in the bull market I would just HODL and wait to recover the loses. In this way, I would go with Fiat betting. If i lose it won't give me so much pain in my pocket.

If I am facing a bear market, I would buy the cheapest crypto that I will use it for my gambling. If the market will go bulish, I will have profit from the up of the market and a double profit if I have made a profit from my gambling play.
On the other hand, If I lose the coins I have bought for gambling, I wouldn't mind so much because It didn't cost me that much.

I hope you can get my point and can help you decide!

[STT]

Most people when they gamble or spend Bitcoins, they do it at the current market-rate.

Nobody is like, "I will only gamble $1 worth of BTC today because in 1 year that BTC will be worth 10x as much and I don't want to risk anymore than $10 on this roll".

I accidentally made or gained a small amount just because I left money from the bets in a wallet and didnt touch it for years.   It wasnt cash, it was just my betting tokens stuff for later so I was distracted and forgot about it for a while.   Lucky I chose a good bet site and they stuck around and kept it safe for me.

Cant even remember now if I bet and did well and withdrew more then I put in or the other way round but either way the appreciation in BTC over time meant I was up.     I think choosing to take part in the general economy of BTC was a good idea in the low points especially, like now we are down a bit in pricing vs a year ago.   Its ironic that interest now could somehow appear positive in retrospect, I dont suggest just being involved for this reason alone but if you are anyway then the low points of interest by the wider world when crypto is growing overall seems to easily prove positive over time

[imstillthebest]

Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.

It is good to stick within crypto for gambling purposes but I like to recommend you to go for cheaper altcoin for your gambling rather than sticking within bitcoin for gambling. Because by considering the value of bitcoin, gambling with it might lead to big losses whereas you can experience same level of gambling by engaging with any other cheaper altcoin.

I'm just talking in the point of fun loving gambler not profit seeking gambler. For a fun loving gambler, gambling with any crypto must be the same regardless of what he will be losing or profiting.

That must be the big advantage for crypto based gambling.

You can enjoy all your gambling for relatively cheaper prices. Once you get into gambling you will forget that you are gambling with bitcoin or with any other shitcoin. But, you can enjoy your gambling as before you are doing with bitcoin. This is my personal experience because I behave like this once I enter into gambling.

I'm not sure how other people will feel or behave when they are gambling with some altcoins compared to how they are gambling with bitcoins.

I will still prefer gambling with bitcoin more than alts because of the profit that i could get   .  i dont also use alts that much , that is why i will always stick with bitcoin gambling whatever the status of the market is  .

I do also use fiat when gambling but purely outisde or in real life gambling  because it is now rare to find an online gambling site that accepts fiat deposits ( e.g credit/debit cards )   .  we are now in a new world where e currencies such as crypto are now getting popular 

[Pattart]

Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.

The problem is not the difficulty of gambling with bitcoin or fiat, but if you gamble with bitcoin when it is bearish,
of course the value of bitcoin can fall and hurt you even if you profit in gambling?

[Johnzky]

Whenever crypto market goes into a state of depression I usually exit and forget about it for some time. I don't want the depression to influence my actions and my mood, so I don't check the price, don't sell any cryptocurrency and don't gamble with it. If you hold cryptocurrency bought earlier this year don't sell it and don't spend it because you'll get much less than you should.

But what is the title asked about betting and you only need to choose between the two

Fo me i rather use fiat than my precious coin,because in any chance cryptocurrency will grow and we might see in a minute my crypto grow hugely.and i will not be having a chance to buy again if i use this for betting and suddenly lose that moment

SO ITS Clear that i choose Fiat instead of crypto betting this bear market

[maydna]

It is better to not gamble at this moment, and it's better to save your money for another thing. We don't know when it's over and with a stop for playing gambling for a while, we can learn about controlling ourselves and I think it will use for ourselves too. But you could still gamble if you want, and I suggest you use the altcoin than the bitcoin because the altcoin is cheap right now.

[STT]

I invested when it was at around $200. I had no intentions of making money, I just believed ( and still am ) in technological advantages over fiat currency. Its much more convenient to use btc ALREADY and its still in its early stages of adoption. I check out at my local store using BTC, I fuel my car using btc, I play blackjack & poker with bitcoins over at vegascasino.io and use their juicy tasty deposit bonuses at their full potential -all in all just enjoy my life. It's fun and hassle-free. I dont really care much about the price spiking up and down - I know that we all will be winners eventually.

2012 was eons ago in relative price terms for most places.    Dollar hasnt really gone up in price or done well or returned alot to people who held it, where BTC has gained alot in its general economy and development over time.
The spikes make it hard to follow but I would only really keep around the change I have left over from usage.    I'm not the kind of person to recommend people keep back large amounts and just hope, because we can swing down and back up easily over what time frame nobody is sure.

I dont think betting is in a bear market overall.   Its possible its developing various markets, I cant say which directions will be most positive but gaming in general, involving money or not is bullish imo

[Janation]

It is better to not gamble at this moment, and it's better to save your money for another thing. We don't know when it's over and with a stop for playing gambling for a while, we can learn about controlling ourselves and I think it will use for ourselves too. But you could still gamble if you want, and I suggest you use the altcoin than the bitcoin because the altcoin is cheap right now.

I think this bear market can't affect the gamblers from doing their thing.

Bear market is a usual stuff for cryptocurrencies. I mean they are volatile and they are vulnerable to sudden changes since little movements can affect the price of it. If I am a addicted gambler, the price of the crytocurrency I am using don't matter, what matters is that I am still winning the games I am playing and I am earning good profits in the long run in which I think does not really happen because we are all talking about gambling.

[richmcrich]

Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.

Yes, gambling with cryptos have lots of advantages like being anonymous from our government as well as from other family members. I wonder why still some gamblers are going for betting with fiats and I am curious to know how they are managing their gambling activities from their family members as gambling with fiats might lead to many family problems when they are coming to know about it.

[Capt00]

Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.

Yes, gambling with cryptos have lots of advantages like being anonymous from our government as well as from other family members. I wonder why still some gamblers are going for betting with fiats and I am curious to know how they are managing their gambling activities from their family members as gambling with fiats might lead to many family problems when they are coming to know about it.

Good to know some people here are the same as what I have done now in gambling, I loved to gamble using crypto than fiat because it is very convenient compared to fiat. Besides, I have converted some of my fiats into bitcoin into a double purpose ¹ is just investing purpose and ² grab while it is cheap to buy and have to gamble conveniently. However, it is really the best option to gamble using crypto. (IMO)

[icalical]

I don't know man, seems like it doesn't matter whether bear or bull is happening, I am only using my crypto asset as gambling money. My fiat money is not free money though, I use it to pay my bill and living-cost. And my crypto is free to be spent on anything, and I mostly gambling for fun. So, yeah I will still use crypto even when it is bearish.

[Yatsan]

Want your opinion on this guys.

We are situated in a bear market for some time and with a huge crash happened the past 2 weeks.

Do you guys keep betting with crypto and stack your crypto profits or do you prefer to switch to fiat betting and convert fiat winnings in crypto?
Me personally I love to bet on sports, fiat as well as on crypto platforms. However during the crash I switched to betting on fiat bookies for 90% of my bets.
Profits i make at this moment with fiat bookies i use to buy crypto cause of the cheap prices. those converted profits i deposit on crypto bookies and try to make some profits in crypto as well.


Don't know you share the same strategy or rather stick to fiat and/or crypto bookie as you usually do.

It would depend still on the gambler himself.
Some people would surely choose fiat because it would be cheaper in a sense that its value is consistent unlike in cryptos which changes from time to time, and whenever it is falling, your losses would be bigger. I would say that things are just equal. Indeed, fiat would be cheaper in a sense of having a consistent value but the transaction fees would surely cost higher. In cryptos, transactions are faster yet costs less. And personally, I do prefer using crypto for betting in gambling games than using fiat because of the convenience that it is giving to the users. We are on the era of block chain technology in gambling industry, and it won't happen for no reason.

[playboy654]

I always trying to bed with only Bitcoin because other waiting will not be more profitable and convenient for me to do proper gambling because everyone need huge income that's why we are using gambling ,in gambling the Bitcoin betting is always be a huge profitable way.

[Oceat]

I always trying to bed with only Bitcoin because other waiting will not be more profitable and convenient for me to do proper gambling because everyone need huge income that's why we are using gambling ,in gambling the Bitcoin betting is always be a huge profitable way.

You think so? Gambling is not for everyone it is just like trading once you don't have skills and luck then you are no good for this. I hope you wouldn't lose much money or crypto on gambling if you think you can make a lot of money from gambling then think again. Everyone was trying to gamble in order to make some money but it turns out that the house was making money out of them. Good luck on your journey!

[samcrypto]

I don’t look much in the market when I’m gambling because I believe that coins that I will be using is already a loss for me so whether its bear or not, if you just gamble with it that money will already gone. I can still play on the casinos, and of course on crypto gambling site it will really depend on you, and on what you are believing for.

[pixie85]

I don't know man, seems like it doesn't matter whether bear or bull is happening, I am only using my crypto asset as gambling money. My fiat money is not free money though, I use it to pay my bill and living-cost. And my crypto is free to be spent on anything, and I mostly gambling for fun. So, yeah I will still use crypto even when it is bearish.

And is crypto free money for you? You must be one lucky guy

I have a different understanding of this. Fiat money won't go up in value but it will go down 2% a year due to inflation. Crypto can go up by a lot in the next bull market. Why would I spend something that can rise in value and hold something that falls inevitably?