Will an increase in bitcoin price affect the gambling industry

[kingpin4321]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

[theskillzdatklls]

In my experiences, crypto price affects the gambling industry less than others. Meanwhile things like media are some of the most affected by price.

That said, positive increases will increase gambling, but just by less than other industries.

[MakeMoneyBtc]

 No, I don't think it will affect the gambling industry very much since most gamblers are counting their bankroll in dollars and make withdrawals daily or weekly.

[Bitinity]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

If we talk about bitcoin gambling, the only effect can be about the amount wagered. Once it increased a lot, the wagered amount can be less than once it is cheaper although the value is the same in fiat money ($). I do believe most bitcoin gamblers are still using $ or other fiat money to give a limit on their gambling activity. So no matter how much is the bitcoin price, they will still use $ to make a limit on their bets.

[Johnyz]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

The value will just chance I think but gambling will remain the same, and those who earn a lot of bitcoin through gambling will be more successful if the price increases. Many gamblers used bitcoin to gamble, and maybe if there’s a new peak again some gamblers will not use bitcoin in gambling for a moment because they want to take profit on that.

[mich]

Yes it does and in fact I think gambling industry is effected by the cost of Bitcoin transactions.
For example, someone may be more inclined to send their BTC if the cost is 1 Satoshis/vbyte | 0.00001 BTC/KvB
However, if the price is high such as 50 Satoshis/vbyte | 0.00050 BTC/KvB, then people may not be in such a hurry to send their BTC to a Casino.

[goaldigger]

I guess not. The basis of the bets and gambling is the recent value. The gambler also controls the bets within just their price range. Whether the value increases or decreases, the recent bets would be the same. For example, the bets now have high digits because of lower value, then vice versa.

[Botnake]

Definitely it will affect, but on the positive manner.

Price increase will make investors profitable and when they are profitable they would love to gamble with their spare money.
Also, I believe that gambling sites are not only focus on their gambling business alone, they are also investors at the same time.

[orions.belt19]

I guess not. The basis of the bets and gambling is the recent value. The gambler also controls the bets within just their price range. Whether the value increases or decreases, the recent bets would be the same. For example, the bets now have high digits because of lower value, then vice versa.

Even while the value of bets are the same, I think it would still have some effect.

When you play with fiat and the exchange rate for the particular currency you've been using suddenly increases, wouldn't that have an effect on you? For someone who has unlimited disposable money, it may have no difference for them but for someone who knows the effects of price increases then it could probably affect one's gambling habits.

Also, when bitcoin price increases the transaction fee and time is also affected. When this happens, gamblers may get affected as well. Due to high transaction fees or long confirmation time, they may have a hard time playing or betting unless they resort to the use of other currencies.

[Oilacris]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Lets talk on different sides:

Gambling owners/house
- No matter what price do bitcoin have business must go on and there would be no changes on their side.They
are aware with the fluctuations which do affect their bankroll value but even on a dump market they can accumulate much more bitcoin
from to its users and when markets tends to rebound then it would be a win-win for them.

Gamblers/Players
-Its up to you if you are really optimistic with your own bitcoin.If you do look for long term
then you wont tend to use it up heavily but if you don't care at all then this wont really be an issue for you.

[maydna]

Maybe it will affect the gamblers. When the price is down, they can use a big amount of bitcoin to bets but when the price is up, they have to choose to use big amount or small amount, and if they use big amount and they win, they can win a big amount too.

There will be many new gamblers that want to test their luck in the gambling games because they already make a big profit in the trading so they can use some of the profit to play the games.

But it's back to the gamblers itself. If they are very strict with their money, they will only use a small balance in gambling games and only play in a short time because they don't want to lose big money in gambling.

[susila_bai]

I dont think that it will affect as because when the price is down the gamblers will bet high and when the price is high they will still bet but with low value. Still they will be gambling so i think gambling industry wont get affect only volume of business will go up and down.

[davis196]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

This question has been asked 100 times before and you should just search the forum instead of posting another pointless thread.
No,the rise of the bitcoin price won't affect the gambling industry.

[YuginKadoya]

In my opinion, the sudden price change on the market would surely not gonna affect much with the gambling industry and the only thing that will be affected if some gambling sites would change their fee or the needed money to play on their site will surely change the amount, But the thing that can affect them will be if the price of bitcoin turns to zero then that can sure affect their business, but well that will sure not gonna happen because Bitcoin will forever reign the cryptocurrency market,

[Shinpako09]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

If we talk about bitcoin gambling, the only effect can be about the amount wagered. Once it increased a lot, the wagered amount can be less than once it is cheaper although the value is the same in fiat money ($). I do believe most bitcoin gamblers are still using $ or other fiat money to give a limit on their gambling activity. So no matter how much is the bitcoin price, they will still use $ to make a limit on their bets.

Im doing this sometimes especially when the price is still on top. Setting my limit in dollars but more often i'm setting my limit in btc so likely it doesn't affect me. That's what I practiced for how many years in gambling so if the price goes up and I won, I accumulate more dollars.  

[swogerino]

I think it depends. If it will be increased to more than 10000 dollars probably will impact the gambling industry as people will play less money and will be more fanatics when it will come to spend their bitcoins.

An increase is not in the horizont so the gambling industry will continue to flourish.

[leea-1334]

I have been in the gambling scene for Bitcoin for a few years and I can say that yes, the price does affect a few things. The most obvious is when the price was at ATH. People were really feeling rich and so they did not mind to gamble a lot of coin because they were sure the price was going even higher. Can you imagine playing even 0.00005 BTC was playing with 1 dollar!

Now, it feels more painful for people to play 1 dollar because it is 0.00025 BTC. Five time more!

[traderethereum]

I think it depends. If it will be increased to more than 10000 dollars probably will impact the gambling industry as people will play less money and will be more fanatics when it will come to spend their bitcoins.

An increase is not in the horizont so the gambling industry will continue to flourish.

Then we could see there is more people will become addicting to gambling because they still playing gambling. They don't need to spend huge money in one-time only, but they can use for example $100 in bitcoin to play. But I guess that there are people who will deposit more than 1 bitcoin so he can play any games he wants continuously.

[Johnzky]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

GAmblers has they’re own currency used to bet so I don’t think that increases of bitcoin prices will effect the gambling industry.
And why need to have changes in this way when the people itself has no things to do for this

But we will learn the effect if the bitcoin price increase sooner

[crwth]

I think it already did, knowing from those early gambling sites where they have reached the part of Bitcoin being under $1000, they have already profited from it a lot. Additionally, if you have made some money with investing in different sites, it does affect it for sure.

Maybe another thing to consider is that when the price is high, the lower number of High-Rollers would be willing to play. I don't know, and it seems logical to have that because if you think about the amount of BTC they are risking, it's a lot. I'm not a high roller, but I would be pretty scared to bet a significant amount though.

[FIFA worldcup]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

GAmblers has they’re own currency used to bet so I don’t think that increases of bitcoin prices will effect the gambling industry.
And why need to have changes in this way when the people itself has no things to do for this

But we will learn the effect if the bitcoin price increase sooner

Gamblers usually calculate the USD value even if they use bitcoin in gambling. So for example if anyone to gamble with 100$, in high price of bitcoin there will be less satoshi used. So there will be no overall difference to gambling even if the btc prices reaches 20,000$ again.

[micher143]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Yes we all do have an optimistic thoughts about the price of Bitcoin to rise up again within the whole year of 2019 as well as the prices of the other existing cryptocurrency because as we all know, Bitcoin is not the only cryptocurrency being used by gamblers to play gambling because there are already online casinos who uses altcoins as well. Well, in my thought, maybe the gamblers will be encouraged more to go gambling because many people are hesitant to use their Bitcoin because they are saving it for good so it might took an effect in the gambling industry that many people will get to engage into gambling once Bitcoin was back into its high price once again benefiting us all who holds into it. Just like mine, I am not hesitant to use my Bitcoin into playing into the online casino I am currently into because I manage my deposits in terms of Bitcoin since they accept cryptocurrency for deposits to be able to play their variety of games plus have an opportunity to receive their welcome bonus for doing your first deposit on it.

[Capt00]

Gamblers usually calculate the USD value even if they use bitcoin in gambling. So for example if anyone to gamble with 100$, in high price of bitcoin there will be less satoshi used. So there will be no overall difference to gambling even if the btc prices reaches 20,000$ again.

Yes, they are calculated in USD but they are using Bitcoin when it comes to deposit and gamble, and I think in that matter they are using Bitcoin instead of fiat currency. So, on my own, there's an effect on the Bitcoin price in the gambling industry. Especially the gambling sites only accept cryptocurrency to deposit and play not the USD. You may also visit windice.io as what I have known they accept crypto for gambling deposit.

[poptok1]

Yes it does and in fact I think gambling industry is effected by the cost of Bitcoin transactions.
For example, someone may be more inclined to send their BTC if the cost is 1 Satoshis/vbyte | 0.00001 BTC/KvB
However, if the price is high such as 50 Satoshis/vbyte | 0.00050 BTC/KvB, then people may not be in such a hurry to send their BTC to a Casino.

So probably along with price rise, lightning network will become much more popular among online casinos.
I'm not aware of any casino that makes LN compatibility as an advertising, promotional aspect and this will change soon.
Even with current exchange ratio, this could be a good idea, always better to optimize costs as much as possible.
Other than that, I don't think much will change in the industry, at least if it comes to bitcoin prices. 

[ralle14]

Then we could see there is more people will become addicting to gambling because they still playing gambling. They don't need to spend huge money in one-time only, but they can use for example $100 in bitcoin to play. But I guess that there are people who will deposit more than 1 bitcoin so he can play any games he wants continuously.

Getting addicted to bitcoin gambling shouldn't have any correlation to the price of Bitcoin. If they're in profit because of the price it's their decision to choose between stopping or playing more and they could also get addicted when the price drops.

Gambling owners/house
- No matter what price do bitcoin have business must go on and there would be no changes on their side.They
are aware with the fluctuations which do affect their bankroll value but even on a dump market they can accumulate much more bitcoin
from to its users and when markets tends to rebound then it would be a win-win for them.

If the price increases heavily, changes can be made I know one gambling site reduced their max profit when Bitcoin's price was above $10k.

[Caladonian]

Then we could see there is more people will become addicting to gambling because they still playing gambling. They don't need to spend huge money in one-time only, but they can use for example $100 in bitcoin to play. But I guess that there are people who will deposit more than 1 bitcoin so he can play any games he wants continuously.

Getting addicted to bitcoin gambling shouldn't have any correlation to the price of Bitcoin. If they're in profit because of the price it's their decision to choose between stopping or playing more and they could also get addicted when the price drops.

It's between gamblers control, there's no relevance if addicted gamblers will continue whatever value bitcoin have, if they will choose to take advantage
of the current price it's up to them to take it, as we knew gambling is already been there whatever the price bitcoin have, and it's tested between the lower value and the big bull last 2017.

Noticing that the gambling industry keeps growing, even the fluctuations didn't harmed anything around this industry.

[semobo]

Don't think so,if someone is doing gambling regularly they will keep doing it no matter of the prices is high or low,they just want to bet with cryptos what they have and earn more cryptos here value not matters.

[playboy654]

The development of Bitcoin economy will definitely affect the gambling field in a positive way because the development of gambling will depends on some of the changes in the development of cryptocurrency field so it can be a huge important thing develop both in the same way is probably the right way.

[Ucy]

Nothing would change. The gambling owners would simply adjust  to the right USD price equivalence. Some that are 100% crypto based gambling would probably not adjust when  price goes up or down.

[mersal]

Gambling is improved a lot when comparing to the previous time it is known by everyone but the development is based on how people get attracted to gambling especially cryptocurrency are made a huge part in the development of this field so I think if Bitcoin will develop the gambling field is also developed.

[TopT3ns]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

I think maybe only how much in bitcoin people will bet, only that. People will still like to gambling and change of price wouldn't really affect for gambling industry. Or maybe people will change to other coin to bet because of fee.

[Twinkledoe]

Gambling will always be present no matter what but if bitcoin price increases, I believe that more gambling sites will be created and so the gambling industry will continue to grow. Even without the significant increase in bitcoin's price, we are already seeing that  gambling site is being launched everyday. How much more if the bitcoin really soar high? Come to think of it. 

[traderethereum]

Then we could see there is more people will become addicting to gambling because they still playing gambling. They don't need to spend huge money in one-time only, but they can use for example $100 in bitcoin to play. But I guess that there are people who will deposit more than 1 bitcoin so he can play any games he wants continuously.

Getting addicted to bitcoin gambling shouldn't have any correlation to the price of Bitcoin. If they're in profit because of the price it's their decision to choose between stopping or playing more and they could also get addicted when the price drops.

I guess it's related because when someone addicted to gambling, he doesn't care with the bitcoin price and all they want to do having bitcoin in their wallet so they can continue playing gambling. They don't think that if bitcoin price increase and the decrease can make them stop gamble. But they need to have controlled for their mind so they can take a break for a while if bitcoin price increases and they can cash out their profit from another source.

[St4yInTh3D4rk]

Gambling will always be present no matter what but if bitcoin price increases, I believe that more gambling sites will be created and so the gambling industry will continue to grow. Even without the significant increase in bitcoin's price, we are already seeing that  gambling site is being launched everyday. How much more if the bitcoin really soar high? Come to think of it. 

Gambling is one of the activity which found for centuries so it won't get affected because of the price increase or decrease in very high extent,they maybe some people who will not play when they have bought their chips when the prices are too high but apart from it people who are gambling daily will convert their fiat into crypto so there won't be much difference.

[virasog]

Gamblers usually calculate the USD value even if they use bitcoin in gambling. So for example if anyone to gamble with 100$, in high price of bitcoin there will be less satoshi used. So there will be no overall difference to gambling even if the btc prices reaches 20,000$ again.

Yes, they are calculated in USD but they are using Bitcoin when it comes to deposit and gamble, and I think in that matter they are using Bitcoin instead of fiat currency. So, on my own, there's an effect on the Bitcoin price in the gambling industry. Especially the gambling sites only accept cryptocurrency to deposit and play not the USD. You may also visit windice.io as what I have known they accept crypto for gambling deposit.

Well every online gambling site will accept bitcoins and crypto and i would suggest to use the old trusted sites rather than trying the new ones.

If bitcoin become expensive, then people might not use it for gambling due to its high value. They may use other altcoins like ETH etc which will be low in value as compare to bitcoins.

[shoreno]

Gamblers usually calculate the USD value even if they use bitcoin in gambling. So for example if anyone to gamble with 100$, in high price of bitcoin there will be less satoshi used. So there will be no overall difference to gambling even if the btc prices reaches 20,000$ again.

Yes, they are calculated in USD but they are using Bitcoin when it comes to deposit and gamble, and I think in that matter they are using Bitcoin instead of fiat currency. So, on my own, there's an effect on the Bitcoin price in the gambling industry. Especially the gambling sites only accept cryptocurrency to deposit and play not the USD. You may also visit windice.io as what I have known they accept crypto for gambling deposit.

Well every online gambling site will accept bitcoins and crypto and i would suggest to use the old trusted sites rather than trying the new ones.

If bitcoin become expensive, then people might not use it for gambling due to its high value. They may use other altcoins like ETH etc which will be low in value as compare to bitcoins.

its not bad to try new gambling sites because you can often find new goodies with them  . and also not all online gambling sites will accept bitcoin or crypto some of them only accept old payment methods like paypal , credit cards and alike  . also ,  not all will use altcoins whenever the value of bitcoin drops .  more people will actually use bitcoin because they can earn huge income easily due to the bigger value of bitcoin  .

[leonair]

Of course it does affect the gambling industry as they obligated to enable more altcoins who have lesser value, if you are trying to gamble straight from your Fiat money and you're just converting it to Bitcoin then it'll cost you more obviously.

I've known some gambling site that's using chips and it's quite helpful for some players who want to gamble for a much lower balance.

[izanagi narukami]

It's isn't affect to much if the downtrend or uptrend is not significantly happen.

Let say if that happen significantly :
Uptrend = gambler will gambler with lesser amount
Downtrend = the gambling owner will adjust max bet , min wd ,etc

[Polar91]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

It always depends on the gamblers. However at some point, as Bitcoin's price increase, in my opinion the amount of Bitcoin being gambled would be lesser since its price increases thus a gambler with somehow trade for a constant value would gamble lesser amount of Bitcoin. This assumption is not certain as there is no existing statistics towards the amount of Bitcoin being gambled for all gambling sites in crypto.

[sheenshane]

Of course it does affect the gambling industry as they obligated to enable more altcoins who have lesser value, if you are trying to gamble straight from your Fiat money and you're just converting it to Bitcoin then it'll cost you more obviously.

I've known some gambling site that's using chips and it's quite helpful for some players who want to gamble for a much lower balance.

Well yes, The bitcoin price will affect the gambling industry and that's a fact. However, even though the bitcoin price could have an effect on the said industry, it is not so much drama and can be considered at least. But if you are talking about the online gambling industry, Bitcoin will technically affect the industry in many ways. But ain't be able to speculate how much will it affect the industry as well but it will.

[omonuyak]

When bitcoin is in bearish trend it will affect the cryptocurrencies market no doubt but not buying and holding of investing into ico.  We can see that currently the only industries that remains strong in the face of this bearish market is gambling and betting industries and that is because this two industries can survive without much infect in bitcoin pricing.

[rizkyhiw]

I don't think the gambling industry will surge if the price of Bitcoin soars too, if you see it on the road from time to time, we don't find the gambling industry so much because every year it's only exposed to any media and that's not important because gambling demand is huge by itself without help because this is a game that can be profitable or not they come to have fun or just take advantage, I don't think it's too influential because bets will still be adjusted to current market prices, we wait in the next few years how it might overflow .

[greeklogos]

Interesting question indeed. I introduced with bitcoin exactly from crypto gambling. Any affect on the industry I see only in appearance of new crypto gambling sites, new games, new crypto entertainments.

[leowonderful]

An increase in Bitcoin's price means that more people will notice Bitcoin and potentially invest in it, and by extension people that are gamblers might also notice Bitcoin and put some money into BTC or other cryptocurrencies to gamble with, and this'll result in a growth in crypto gambling.

Cryptocurrency-based gambling's been growing over the last few years simply due to an increase in demand for anonymous gambling alone too. We're currently in a bear market and likely not out of it yet as there could continue to be a few months of sideways action or even a new low in the next few months, but crypto gambling will likely still grow even through these times simply because people are willing to pay a premium to gamble anonymously.

[crzy]

Interesting question indeed. I introduced with bitcoin exactly from crypto gambling. Any affect on the industry I see only in appearance of new crypto gambling sites, new games, new crypto entertainments.

Precisely, not the bitcoin itself because no matter how good the bitcoin is if you’re offering poor services with your gambling sites then don’t expect to gain more gamblers. This will still depend on every gambling sites, for sure the most trusted one will enjoy bigger profit.

[Oceat]

We all know that gambling is indeed growing everywhere as if they were like a mushroom but the increase in the price of Bitcoin will not affect the house and the gamblers. Online gambling sites will adapt and adjust according to the recent price. The only changes that you will notice are the amount of cryptocurrency you are going to bet. As the price grows in USD the amount that you have to bet will become lesser and lesser as the price of Bitcoin is growing.

[iqlimasyadiqa]

Bitcoin prices will definitely have a huge impact on various things related to the use of bitcoin. including the gambling game industry, it is difficult to predict indeed, but in its development when the price of bitcoin increased, there will be more use of bitcoin and also the gambling game market will attract more gamblers.

[GreatArkansas]

For me, there are effects on the gambling industry, we can consider the positive effect of it. Like there are more people will use bitcoin for gambling, the adaption will grow not only in gambling but also on cryptocurrencies like Bitcoin. That's my opinion about the effect of Bitcoin on the gambling industry.

[hd49728]

I've known some gambling site that's using chips and it's quite helpful for some players who want to gamble for a much lower balance.

Some other sites have bits, instead of chips.
Both of bits and chips allow gamblers to withdraw with small amount out of gambling sites.
It's convenient option for small gamblers.

[Carollzinha]

As first and most likely investors will start selling as the price rises, their profits will be way higher then before.
And probabily more people will start joining BTC gambling, even more from alt users if there's a huge gap between each coin price and reliable profits.

[btc78]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

For sure it will but wont effect the gamblers itself

Because people who bet using bitcoin will surely convert into other altcoins so they can preserve the bitcoin for holding longer"
They will surely use cheaper altcoin things that i will do also if bitcoin price will grow again like 2017 and hoping to happen soon

[Dreamchaser21]

As first and most likely investors will start selling as the price rises, their profits will be way higher then before.
And probabily more people will start joining BTC gambling, even more from alt users if there's a huge gap between each coin price and reliable profits.

A higher price doesn't attract more gamblers to gamble because they will hold for sure but i think if all the hodlers becomes gamblers the possible pump on the industry of gambling will increase. I think there is no need for an increase on gambling site because this is a good business and many gambling sites are still earning money despite of the market.

[bering]

Gambling industry still rapidly increase that i had seen there are plenty of new casinos were announcement almost everyday and those situations were not change until today even when bitcoin price was very high on 2017 people still visiting online casinos and gamble and when the price gradually dropped too such as the current situations then people still gamble too and some of reputable casinos still visited by their loyal players who willing to spend their money through them so in my view the price movement will never have impact for gambling industry

[ethereumhunter]

For me, there are effects on the gambling industry, we can consider the positive effect of it. Like there are more people will use bitcoin for gambling, the adaption will grow not only in gambling but also on cryptocurrencies like Bitcoin. That's my opinion about the effect of Bitcoin on the gambling industry.

But we need to suggest to people to not use bitcoin for gambling only because once they come to the gambling place, the chance to lose the money will bigger, and they could become addicted to gambling. Besides that, we need always to remind ourselves that gambling is only a part of having fun and it's better we can use the money for another thing. The other effect to the gambling industry is there will be more project related to gambling that will launch so it will give another chance for the people to use another coin.

[imstillthebest]

As first and most likely investors will start selling as the price rises, their profits will be way higher then before.
And probabily more people will start joining BTC gambling, even more from alt users if there's a huge gap between each coin price and reliable profits.

A higher price doesn't attract more gamblers to gamble because they will hold for sure but i think if all the hodlers becomes gamblers the possible pump on the industry of gambling will increase. I think there is no need for an increase on gambling site because this is a good business and many gambling sites are still earning money despite of the market.

why not ?  i love to gamble my cryptos when thier value is pumping  and for sure im not alone with it  . its easy to become a wealthy man if you can double your coins in a gambling site compare to when you do investing or trading because they takes alot of time  .  gambling site or the gambling industry is already huge , so your right . it does not  need any extension , it does not need any people to enter the gambling scene  .   we better foccus on the crypto industry as it is more beneficial  .

[peter0425]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Definitely, I've seen gamblers are somewhat reluctant to play because bitcoin price is going to the moon. So I speculate that probably others might lessen their gambling habits. During the last all time high, we have problems with confirmation time that somewhat sway gamblers as well. So I do hope during the next run, we won't see this problems otherwise, I'm sure this will also be a contributory factors not the play using crypto.

[raven7886]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

I would say a very YES to your question. The increase in Bitcoin has a great way in affecting the gambling industry and mostly the online crypto gamblers.  As a Bitcoin gambler, you can never tell what your bankroll would be like the next day. Bitcoin is volatile and that means the prices fluctuates on the marketplace.

The worth of your bankroll can be 0.1BTC and you wake up to find its now 0.008BTC if any drop happens. This is not just for Bitcoin gamblers but all other cryptocurrency because there is every guarantee that any drop or increase in Bitcoin affects all other related coins and that’s the same with increase, so every increase in Bitcoin leads to increase in bankroll.

[wuvdoll]

In dollar terms ? I don't think so. In bitcoin terms ? Sure. As long as bitcoin price goes up the amount of bitcoin gambled will eventually start to go down, I remember we used to gamble with couple bitcoins on martingale like it was nothing because it really didn't mean nothing but very few people have the money and balls to do such thing now.

Moreover, if you look at the dollar value of how much they win/lose than I doubt it will have a difference, someone betting 50 bucks on a sports game will bet 50 bucks on that game no matter if that is 1 bitcoin or 1 satoshi.

Faucets maybe will be need to changed into a new amount since the price changed but I doubt anything else will be needed to change. Gamblers do not use x amount of bitcoin as their basis, they use dollars for it hence why it shouldn't really matter.

[greeklogos]

Interesting question indeed. I introduced with bitcoin exactly from crypto gambling. Any affect on the industry I see only in appearance of new crypto gambling sites, new games, new crypto entertainments.

Precisely, not the bitcoin itself because no matter how good the bitcoin is if you’re offering poor services with your gambling sites then don’t expect to gain more gamblers. This will still depend on every gambling sites, for sure the most trusted one will enjoy bigger profit.

Normally. But this bigger profit surely will attract newbies on the market of crypto gambling. The whole industry makes a lot of money today and bigger profit will attract new players, who will also wish to earn through creating a new gambling site. Of course only those ones who will suggest good games, good prizes, good services and support will stay. But again that can become a reason of a new wave of crypto gambling scamming. We may not expect that.

[radjie]

no, the main factor that can affect the growth of bitcoin is only a group of people who trade. as we know, bitcoin price movements tend to decline more often and many people are turning to get quick profits with gambling, although the risk is very large in gambling, but for most people who like to gamble, gambling is an alternative to generating faster profits if we have skill and courage in doing so compared to short-term trading that can generate profits every day

[akram143]

The price of the Bitcoin will not depends upon anything so it will not affect anything while it was developed or not but the demand will definitely but the increase of gambling industry will definitely gives the development to Bitcoin by the people getting attracted with gambling.

[rodel caling]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Of course have a little bit affect from gambling if the price of bitcoin increase in the coin market cap, my own opinion and reason is bitcoin can contvert in the dollar rate the advantage of this gambler use the strategy in gambling usd and bitcoin betting.

[Oilacris]

no, the main factor that can affect the growth of bitcoin is only a group of people who trade. as we know, bitcoin price movements tend to decline more often and many people are turning to get quick profits with gambling, although the risk is very large in gambling, but for most people who like to gamble, gambling is an alternative to generating faster profits if we have skill and courage in doing so compared to short-term trading that can generate profits every day

I don't see that way even how big the winnings you do have it wont still make effects to the entire market.Lets say you have won big amounts with a various number of gamblers on different gambling
sites but those funds would still circulate and even turning those coins or converted to fiats those funds would still come back on gambling itself.
Don't see any significant effects with gambling industry on overall market.

[Adriano2010]

I don't think the price of bitcoin affect so much the gambling industry. There are a lot of sites who accept only fiat for bet, and there are less who accept crypto coins for gambling, but even for these who accept crypto for bets don't affect them, instead is better for them to have an increase in price.

[MakeMoneyBtc]

I don't think the price of bitcoin affect so much the gambling industry. There are a lot of sites who accept only fiat for bet, and there are less who accept crypto coins for gambling, but even for these who accept crypto for bets don't affect them, instead is better for them to have an increase in price.

For crypto gambling websites an increase in bitcoin price would be a good thing because most of them hold a lot of bitcoin in their wallet in case someone wins a high amount of money but in the same thing it could affect them if multiple persons win a couple of big bets and they don't have enough funds to pay them because they would have to buy the required bitcoin with fiat and they would have to pay more for it

[spadormie]

Usually bitcoin price is affected by great news and I don't think that bitcoin price is being affected by the gambling industry.

[CryptopreneurBrainboss]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Gambling with cryptocurrency is more of a risk as your cashing out via bitcoin keeps you at a 50/50 chance on benefiting from bitcoin price gain or losing to it price lost. If the price of bitcoin increasing the change will be, the massive profit made from holding the bitcoin you won before the sudden price spike (when it comes) and more gamblers will pick interested in cryptocurrency related gamble houses.

[gilangIDR]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Gambling with cryptocurrency is more of a risk as your cashing out via bitcoin keeps you at a 50/50 chance on benefiting from bitcoin price gain or losing to it price lost. If the price of bitcoin increasing the change will be, the massive profit made from holding the bitcoin you won before the sudden price spike (when it comes) and more gamblers will pick interested in cryptocurrency related gamble houses.

This is one of the attractions of cryptocurrency, with price increases so fast that when prices increase, the gambling industry will definitely get the benefits. The value of the assets we have will increase and that certainly makes cryptocurrencies on one track with the gambling industry. The gambling industry will increasingly develop when the use of cryptocurrencies can be maximized.

[goaldigger]

I guess not. The basis of the bets and gambling is the recent value. The gambler also controls the bets within just their price range. Whether the value increases or decreases, the recent bets would be the same. For example, the bets now have high digits because of lower value, then vice versa.

Even while the value of bets are the same, I think it would still have some effect.

When you play with fiat and the exchange rate for the particular currency you've been using suddenly increases, wouldn't that have an effect on you? For someone who has unlimited disposable money, it may have no difference for them but for someone who knows the effects of price increases then it could probably affect one's gambling habits.

Also, when bitcoin price increases the transaction fee and time is also affected. When this happens, gamblers may get affected as well. Due to high transaction fees or long confirmation time, they may have a hard time playing or betting unless they resort to the use of other currencies.

Yes, Pertaining to the amount of resources you have, bitcoinvs price really affects because if it drops very low, the tendency is that a gambler would either kept his holdings and not gamble at all.

[Sum24]

As first and most likely investors will start selling as the price rises, their profits will be way higher then before.
And probabily more people will start joining BTC gambling, even more from alt users if there's a huge gap between each coin price and reliable profits.

Yes it is good for gambling because this way people gets attracted towards gambling as it gives more betting profit and more investment will be done by people, gambling is directly proportional with price of bitcoin so in price will increase surely more people will join for high profiting and more money to earn for gambling.

[Juliya_D]

This is one of the attractions of cryptocurrency, with price increases so fast that when prices increase, the gambling industry will definitely get the benefits. The value of the assets we have will increase and that certainly makes cryptocurrencies on one track with the gambling industry. The gambling industry will increasingly develop when the use of cryptocurrencies can be maximized.

It is way easier for me to take part in gambling games and pay in dollars and not in cryptocurrency. There is some kind of fear to lose more cryptocurrency in case of its growth. It is easier with dollars. Today it is 1 dollar, and it will be 1 dollar tomorrow

[Ayiranorea]

In most cases people spend on gambling in terms of USD. When there is price increase the spending of bitcoin will decrease in comparison to the present market. This will not affect the gambling industry and as the price increases users feel free to spend on consecutive games with small amounts.

[omonuyak]

Usually bitcoin price is affected by great news and I don't think that bitcoin price is being affected by the gambling industry.

I think op is asking if increasing or decreasing in bitcoin pricing do affects gambling industry and not the other way.  The gambling industry is becoming more popular among the cryptocurrencies enthusiasts now and I think there  benefit from it the most.

[Symphonized]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Well for instance investors would be selling immediatly (in case those who want to take out some of the profits they got from the price rise).
Others would just continuing investing a little more till a higher price hit.

This could also bring new crypto users to the market and rise the price even more (since they would be buying more btc)

[virasog]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Well for instance investors would be selling immediatly (in case those who want to take out some of the profits they got from the price rise).
Others would just continuing investing a little more till a higher price hit.

This could also bring new crypto users to the market and rise the price even more (since they would be buying more btc)

If you remember in December 2017, when crypto was at its highest value, Many new people jumped into gambling as there was fomo that bitcoin will not stop and may reach 50,000K. When bitcoin prices rises automatically , many new investors will jump in. This will also mean that when people have more bitcoins and crypto, they might play more gambling and hence it will be a good effect on gambling industry also.

[Naida_BR]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

I am totally sure that the fluctuations of bitcoin prices have an impact on the gambling industry.
In my opinion, when they price goes down (and the whole market cap), bitcoin becomes a cheaper coin and the volumes on the casinos are getting increased because people play with more bitcoin portions that before.

[StarofBTC]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

The value will just chance I think but gambling will remain the same, and those who earn a lot of bitcoin through gambling will be more successful if the price increases. Many gamblers used bitcoin to gamble, and maybe if there’s a new peak again some gamblers will not use bitcoin in gambling for a moment because they want to take profit on that.

Well, I would say if its fiat gambling, there is possibility of it not having any effect but for any online crypto gambling, every increase of decrease tells on the gambler bankroll. Let me use the example of what happened in the month of December 2017. The value of coin that entered the market was less than $11,000 AND IT WENT SO HIGH TO $20,000.

It was obviously a great time for bitcoin gamblers because their bankrolls almost doubled but  in that same month of December, BTC dipped under $13,000 and you can imagine that gamers fund decreased by 35percent

[whirlcoin]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Bitcoin gambling is more popular nowadays so the people are trying to put larger investment and get it back so it will be very good thing for gambling also to develop very easily and more stable also happen when the Bitcoin was developed.

[AmoreJaz]

i think we already know the answer to this question. for centuries, gambling sustained their presence in the market, good or bad, they managed to exist.
so with the increase in bitcoins price, it suggests only one thing = another good period for gambling.
no wonder you can see a dice site being launched everyday, a new casino trying to get their audience. so all in all, they are doing a big favour to the gambling industry...

[Stedsm]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Come on, think.
Did it change in 2017-18 period when BTC was at its peak?
The question should be:
Will an increase in BTC price affect the gamblers?
Because gambling industry will always be in profit due to the house edge and gamblers will need to think on their betting strategies and amounts that they used to gamble with, before.

[Pattart]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Come on, think.
Did it change in 2017-18 period when BTC was at its peak?
The question should be:
Will an increase in BTC price affect the gamblers?
Because gambling industry will always be in profit due to the house edge and gamblers will need to think on their betting strategies and amounts that they used to gamble with, before.

maybe the question would be like that, does the bitcoin market affect the gambling frequency of the gamblers? because what I know, some users hold (donot playing) gambling when their assets fall, but users who have the intention to gamble don't care about the market conditions in crypto. so there is a difference of influence in this matter

[Janation]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Of course have a little bit affect from gambling if the price of bitcoin increase in the coin market cap, my own opinion and reason is bitcoin can contvert in the dollar rate the advantage of this gambler use the strategy in gambling usd and bitcoin betting.

I disagree with this.

Gamblers goal or aim is to win their bets as much as they can and even if the price of Bitcoin or any other cryptocurrencies pumped or dumped, I don't think it will matter. To give you an example, just think of the USD or any other fiats you all know or use in your country. When that fiat is gambled, do you even think what is its value compared to other fiats? No right? What matters is the money or crypto you are winning, nothing more, nothing less.

[ShowOff]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Of course have a little bit affect from gambling if the price of bitcoin increase in the coin market cap, my own opinion and reason is bitcoin can contvert in the dollar rate the advantage of this gambler use the strategy in gambling usd and bitcoin betting.

I disagree with this.

Gamblers goal or aim is to win their bets as much as they can and even if the price of Bitcoin or any other cryptocurrencies pumped or dumped, I don't think it will matter. To give you an example, just think of the USD or any other fiats you all know or use in your country. When that fiat is gambled, do you even think what is its value compared to other fiats? No right? What matters is the money or crypto you are winning, nothing more, nothing less.

Agree with you, gambling is no matter with any value of bitcoin because we can buy bitcoin as much as we want. Even price up and down, we still can use money that we usually use in past before pumped or dumped. But maybe when we win, sell it immediately to avoid dump after we get our win.

[samycoin]

It will not affect the bets if your gamble as far as I know even the bitcoin increase the bets to every online casino still remain. So even the price the bitcoin will increase or decrease its still the same price and actually it depends to the site if their change the range of their bets.

[jrrsparkles]

The price fall of bitcoin effectsome of the gambling sites to be in losses but ti didn't changed any activities on the gamblers because most of the gamblers convert their money fiat into crypto then started to play with it at the time of they want to play so they are not going to face any losses from it.

[onrise]

The price fall of bitcoin effectsome of the gambling sites to be in losses but ti didn't changed any activities on the gamblers because most of the gamblers convert their money fiat into crypto then started to play with it at the time of they want to play so they are not going to face any losses from it.

When the price rises people prefer not to use it because if they lose the money in gambling then they also miss the bull ride which will happen and as we know it is easy to lose the money than to make it. So chances of using fiat increases .

[alisafidel58]

Come on, think.
Did it change in 2017-18 period when BTC was at its peak?

It did`nt change the gambling industry but it certainly change a lot of gambling site. Some still remains while other closed (i wonder why).

The question should be:
Will an increase in BTC price affect the gamblers?

Good question, Let me answer. Lets say 1B is equivalent to $100 when you are gambling and you want for that $100 to be $1,000. Then the Bull Run went off, price surges from $100 to $1000 in just 5 hours. Would i still gamble? certainly not, ive hit my goal its time to withdraw. Is it just me or other gamblers think this way too when the bull run occurred last 2 years ago.

[jrrsparkles]

The price fall of bitcoin effectsome of the gambling sites to be in losses but ti didn't changed any activities on the gamblers because most of the gamblers convert their money fiat into crypto then started to play with it at the time of they want to play so they are not going to face any losses from it.

When the price rises people prefer not to use it because if they lose the money in gambling then they also miss the bull ride which will happen and as we know it is easy to lose the money than to make it. So chances of using fiat increases .

Chances of using fiat in the form of crypto right which is still same as using their crypto so it is not effecting the gambling atvitities,as I said there maybe effect on the bankroll of the gambling sites when they measure it in USD but for the gamblers 1 bitcoin is always equals to 1 bitcoin.

[ethereumhunter]

Agree with you, gambling is no matter with any value of bitcoin because we can buy bitcoin as much as we want. Even price up and down, we still can use money that we usually use in past before pumped or dumped. But maybe when we win, sell it immediately to avoid dump after we get our win.

But when the bitcoin price is down, it's better for us to not playing gambling because if we gamble, we need to understand that we have a chance to get lose and it will not be good for ourselves. But maybe some people can accept if they are lost in gambling and they still playing gambling no matter if bitcoin price is up or down. I think the effect is not too big for people who were still playing gambling because they like to play gambling using bitcoin.

[Juliya_D]

Bitcoin gambling is more popular nowadays so the people are trying to put larger investment and get it back so it will be very good thing for gambling also to develop very easily and more stable also happen when the Bitcoin was developed.

We need an honest algorithm in gambling. Therefore, you will not constantly return your money. Another dude will have to win at another table. Then new Bitcoins will enter and increase the cryptocurrency market. And along with the market will increase the value of Bitcoin.

[Cosbycoin]

In my experiences, crypto price affects the gambling industry less than others. Meanwhile things like media are some of the most affected by price.

That said, positive increases will increase gambling, but just by less than other industries.

I feel the effect goes a bit negative in case a gambler losses some Bitcoin so he/she would take it as a big loss because of rise in price level and so his or her intentions to get involved in more gambling would probably subside.

Winning it on the other hand would probably increase the affinity to play more games. So the overall effect is kind of neutral or may be positive a bit.

[darewaller]

The price of the Bitcoin will not depends upon anything so it will not affect anything while it was developed or not but the demand will definitely but the increase of gambling industry will definitely gives the development to Bitcoin by the people getting attracted with gambling.

Well, the market is no doubt influenced by the presence of whales keep no doubt about that. Moreover, the inflow of investment in the Bitcoin space has a positive relationship with the price in long term.

I believe that a rise in bitcoin will not have a very dominant impact on the gambling industry which is itself a big industry but it might be reduce the take on every bet due to a rise in value in terms of your own country’s currency as people do not love to gamble big. The ultimate benefit will be for the person who wins.

[onrise]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Come on, think.
Did it change in 2017-18 period when BTC was at its peak?
The question should be:
Will an increase in BTC price affect the gamblers?
Because gambling industry will always be in profit due to the house edge and gamblers will need to think on their betting strategies and amounts that they used to gamble with, before.

I think as price is rising mostly people will shift the btc to fiat and as in gambling chances of losing is higher and if btc is lost now so you would end up losing more actually because with the price rising you lost amount also rises and becomes a very expensive bet.

[Johnzky]

It will not affect the bets if your gamble as far as I know even the bitcoin increase the bets to every online casino still remain. So even the price the bitcoin will increase or decrease its still the same price and actually it depends to the site if their change the range of their bets.

Yeah on one point theres bo effect specially for the bets we are putting but what OP. Is asking is about the whole gambling industry and not just for individual bettors

For the value of bitcoin grow meaning the capitalization will increase also

[jhongzjhong]

For the value of bitcoin grow meaning the capitalization will increase also

That's the advantage if there's a lot of gambling industry who will accept cryptocurrency(bitcoin) the demand will increase and of course the supply will less and it makes the entire crypto increasing the price. As I have noticed now, there's a lot of gambling sites launching their site and I guess it is the start of raising bitcoin due to mass adoption.

[guoyu78]

no, the main factor that can affect the growth of bitcoin is only a group of people who trade. as we know, bitcoin price movements tend to decline more often and many people are turning to get quick profits with gambling, although the risk is very large in gambling, but for most people who like to gamble, gambling is an alternative to generating faster profits if we have skill and courage in doing so compared to short-term trading that can generate profits every day

Not really in the short run but can really be in the long run. The man who would ultimately get the Bitcoins would be profitable in the long run. If the price of Bitcoin is rising, it would not really affect the activities that normally happen in the gambling industry for the money that you loose is won by someone else and that lost by someone else might be won by you.

But, when you have the coins and are kept in the locker, you are well off getting its value raised due to the rising market.

[raven7886]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

Bitcoin gambling is more popular nowadays so the people are trying to put larger investment and get it back so it will be very good thing for gambling also to develop very easily and more stable also happen when the Bitcoin was developed.

I think Bitcoin gambling has now become more popular because smart gamblers are taking advantage of the current market cap by involving immensely in Bitcoin gambling because they are believing and are of the full knowledge that definitely Bitcoin will get back to its feet sooner and there will be good increase in their bankroll.

I think is really very right because any sudden increase in BTC would bring about the rise of gamer's bankrolls. So, this period is quite encouraging for Bitcoin gambling. I do see lots of new gambling sites and their intensive promotions to this community. I believe they are all targeting bouncing back phase of bitcoins, it means everyone is looking for making use of current situations of bitcoin markets to get the maximum benefits when market will be bouncing back.

[hd49728]

Bitcoin increases will do have effects on gambling industry, in my opinion:
Some reasons forced me to such thoughts:
- Bitcoin increases will help investors earn profits or reduce their losses.
- It brings more optimistic feelings, better moods for investors.
- Investors might have  more money to entertain, and gambling sites are one of places they can use money for entertainments.

[MFahad]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

May be not, it give a huge affect on gambling industry. When bitcoin price was up then still gambling industry build and now still gambling industry making money and still bitcoin price down. So properly we can say No.
Usually gamblers see their bankroll and not give attention to bitcoin price too much. I am gambler, i play gambling nowadays behalf of my bankroll and i played gambling when bitcoin price up because of my bankroll.

[coin-investor]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

It will affect because the price is high there will be high demand and people will try their luck to gambling to get as many satoshis as possible and I think so many gambling sites are being launched because of the preparation for the coming bull run.

[hd49728]

Not exactly!
Gambling industry has been built up for years, not when bitcoin moves up.
In reality, when bitcoin, or crypto market in general move upwards strongly, more new gambling sites launched.
However, most of them will turn to dead one, as same as what we saw with new projects launched every hour, everyday when bitcoin hit nearly $20000.

May be not, it give a huge affect on gambling industry. When bitcoin price was up then still gambling industry build and now still gambling industry making money and still bitcoin price down. So properly we can say No.

[michellee]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

It will affect because the price is high there will be high demand and people will try their luck to gambling to get as many satoshis as possible and I think so many gambling sites are being launched because of the preparation for the coming bull run.

It could be the reason why we see so many new gambling websites. Maybe people are tired to wait for the bull run, so they distract their mind not to have a little fun. And it affects to the gambling website itself because many new people come to their site and try to play the games. But soon, when the bull market comes, people will leave the gambling websites for a while because they will focus on the market to make a profit.

[justdimin]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

I am totally sure that the fluctuations of bitcoin prices have an impact on the gambling industry.
In my opinion, when they price goes down (and the whole market cap), bitcoin becomes a cheaper coin and the volumes on the casinos are getting increased because people play with more bitcoin portions that before.

I believe this would even bring about more new interested players. Because, for those who have not been interested participating, at this point they could feel a bit interested in participating due to cheaper prices of all cryptos and especially cheaper bitcoins and to those who have been in the game obviously when there is a drop in the price of bitcoin, the volumes of casinos will definitely be on the rise as players would now be gaming with higher portions of bitcoin. I think this is just a simple logic.

At the same time, I am not seeing any gambler is staying away from gambling due to higher bitcoin prices in late 2017 and in early 2018. They were still preferring to go gambling with high value bitcoins. In my view, increase in bitcoin prices may not give big impact but downfall in bitcoin prices will make them to gamble more.

[koroke]

Definitely it will affect, but on the positive manner.

Price increase will make investors profitable and when they are profitable they would love to gamble with their spare money.
Also, I believe that gambling sites are not only focus on their gambling business alone, they are also investors at the same time.

I agree with if Bitcoin price increase, probably gamblers will have a better amount of money and the prizes will be greater  and it will bring more new interested player since when you buy crypto it will be cheaper but with corresponding expensive amount will come to life again. There's a lot of benefits when Bitcoin will start to skyrocket again but recently I start playing already in casino with proper moderation since Bitcoin still low at this point but still I can manage to enjoy their various games such as Poker, black jack, slots, roulette and many more as well as the great deal of rewards for those first timer depositor to their site.

[JohnBitCo]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

May be not, it give a huge affect on gambling industry. When bitcoin price was up then still gambling industry build and now still gambling industry making money and still bitcoin price down. So properly we can say No.
Usually gamblers see their bankroll and not give attention to bitcoin price too much. I am gambler, i play gambling nowadays behalf of my bankroll and i played gambling when bitcoin price up because of my bankroll.

I think that increase in bitcoin price will have a big impact on gambling industry also. Since the price of bitcoin will be high, people will gamble with less satoshi and few of them may not prefer to gamble with bitcoin and might use eth or other coins for gambling.

[Sithara007]

An increase in the Bitcoin exchange rates can have both positive and negative impact upon the gambling industry. First of all, the net worth of the Bitcoin holders will increase and this can result in more disposable income for the gamblers. At the same time, increasing prices may discourage Bitcoin users from spending their coins (for shopping, gambling.etc).

[btcmegastar]

As we all know the value of bitcoin are down but we are still optimistic about the price bouncing back.
Am new to bitcoin sportbook I just want to ask what would change if bitcoin increases

It will affect because the price is high there will be high demand and people will try their luck to gambling to get as many satoshis as possible and I think so many gambling sites are being launched because of the preparation for the coming bull run.

Still, we are not in the situation of the bull run but with the increase in the price of Bitcoin definitely, many gamblers will show more interest towards the gambling because if they have the chance to win through gambling then definitely it will really help them to make a decent profit.

[Twinkledoe]

An increase in the Bitcoin exchange rates can have both positive and negative impact upon the gambling industry. First of all, the net worth of the Bitcoin holders will increase and this can result in more disposable income for the gamblers. At the same time, increasing prices may discourage Bitcoin users from spending their coins (for shopping, gambling.etc).

But even without the bitcoin's price increase, we are seeing online gambling sites being launched everyday - dice sites, racing sites, sportsbetting site, full-fledged online casinos, you name it. The online gambling community is growing stronger because of the numerous benefits that they can have via playing on these online casinos.