Will an increase in bitcoin price affect the gambling industry

[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

[1714555295]

1714555295

[1714555295]

1714555295

[1714555295]

1714555295

[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.