How did today bullish trend affect gambling!

[pinoycash]

Crypto gambling sites will always have same wanted level when the prices are bullish or bearish,I didn't see many new gambling sites due to the bull run so gambling will not change based on the price changes of cryptos.

What will effect is that people who gamble with coin will restrict themself as they know that on gambling they may lose the money and while holding the coin it will help then to make money as price is rising which will result in the returns on their investment .

Maybe yes, the users spending big amount onto gambling will restrict themselves and lower the spending. Other than this gambling industry is always supportive in the circulation of bitcoin which also has got its role in the growth of bitcoin. Gambling is fun, unlike the market trend people will continue to be a part of the same.

A the market gets bullish, we should expect that there are new gamblers that will come in.
Of the big amount of bitcoin being trading on a daily basis, if we will only have at least 1% of that, it would be a big help.

But crypto gambling in general is a multi billion industry, so when the market is bullish, it will be good for the casinos as it will increase their profitability.

In every bull runs people want's to multiply their bitcoin holdings instantly and the only way to do that is via Casino platform and all casino platform love's this bull run since many users are coming back to life when BTC are starting to show some positive price movement,.

[7788bitcoin]

Bitcoin went as higher as $4909 today on some exchanges platforms!  It is the highest this year and will like to find out how does today sparked affect gambling and betting?

The whales does not care about the valuation in dollars, but the normal gambler who purchases bitcoin just to gamble will find it difficult when the price is rising, the reason is that, majority of the countries have a problem with gambling and they will never allow to send fiat currencies to these gambling sites by default and bitcoin is their only option and when the price increases they will find it difficult to do that.

[rachman mahesa]

With the increase in Bitcoin and other altcoins it is certainly very influential on gambling. Because the value of their assets will increase and maybe losses will also increase. So if the market remembers of course the value of assets will increase. Of course that affects is only the value you gamble that affects, for the game you certainly have no effect. As long as you play gambling you can win it will be better.

[SaShiRaJaVu]

In every bull runs people want's to multiply their bitcoin holdings instantly and the only way to do that is via Casino platform and all casino platform love's this bull run since many users are coming back to life when BTC are starting to show some positive price movement,.

People will gamble to multiply their money when the price start moving up  , no one in their right sense will do that kind of activity, people gamble for fun or if they are addicted to it, it is not a certain platform to increase your money and if it was that easy to multiply your coins, the gambling sites will be closing down for good as it will be a money burning business rather than profits.

[pinoycash]

With the increase in Bitcoin and other altcoins it is certainly very influential on gambling. Because the value of their assets will increase and maybe losses will also increase. So if the market remembers of course the value of assets will increase. Of course that affects is only the value you gamble that affects, for the game you certainly have no effect. As long as you play gambling you can win it will be better.

If you are gambling in a Crypto-based casino platform, you should not convert your every bet and bank roll to USD, Since your usual 100 satoshi bet from last week is not the same 100 sats today

So always treat your 1 sat = 1 sat, and not USD.

[Japinat]

In every bull runs people want's to multiply their bitcoin holdings instantly and the only way to do that is via Casino platform and all casino platform love's this bull run since many users are coming back to life when BTC are starting to show some positive price movement,.

People will gamble to multiply their money when the price start moving up  , no one in their right sense will do that kind of activity, people gamble for fun or if they are addicted to it, it is not a certain platform to increase your money and if it was that easy to multiply your coins, the gambling sites will be closing down for good as it will be a money burning business rather than profits.

Whether a bull run or bear run, that will never change our winning chance in gambling.

The best way to multiple our coins during the bull run is through trading, not gambling, we have to reflect many times if we still think that gambling could give us instant money as that will never happen. Gambling sites are even more aggressive in advertising during the bull run as that's the season where they can attract more customers that will make them more profitable.

[wuvdoll]

I really wonder about this too and there are a lot of great discussion about what could have happened and both sides are creating great arguments for their case but as long as we do not know the real numbers from the casinos itself we are just speculating.

I mean looking at eosbet which is the only decentralized place I know the dividends got smaller, now I am not saying there is a correlation between the price going up and their dividends going down but that is literally the only sample we have to check this argument. If we could get more information like that on the floor then we can definitely compare every casinos wagered numbers and see how it affects. As long as it doesn't really move drastically I think small number changes could be considered ineffective as well.

[maydna]

Bitcoin went as higher as $4909 today on some exchanges platforms!  It is the highest this year and will like to find out how does today sparked affect gambling and betting?

Gambling is a section which doesn't get affected by both bull or bear. People gamble when they are happy and they gamble when they are sad. They gamble to share their fortune and they gamble to win back their loss.

Besides that, a gambler who is gambling using bitcoin will continue to play, and that will happen with the addicting gamblers. But for small players or ordinary people who are using gambling for entertainment, they will not spend too much money because they will think that it's better to save the bitcoin in the wallet than to use for gambling because they can convert it into fiat if bitcoin price still increases higher.

But I think every people will have a different answer because we are using gambler for a different reason too.

[Apes]

a bullish trend will not have any effect on gambling, the players are more focused on the game than thinking about profits, only when starting the game they need to deposit, and the deposit value will be will be heavier than usual, and if just start with the capital deposit I think the gamblers will start with small bets, in order to prevent early loss.

[redsun114]

Crypto gambling sites will always have same wanted level when the prices are bullish or bearish,I didn't see many new gambling sites due to the bull run so gambling will not change based on the price changes of cryptos.

There is no difference in competition whether it's on a bull market or bear market. But your win and loss will change in fiat. When the bullish come, you need to spend more dollars to play and vice versa.

Most of the sites have minimum bets even in sats so no need to pay with more dollars if you are at the bull run just deposit what money you can afford then just play with it.

For your own security, you should limit your bets and stop playing after you are done with your bets because you are uncontrollable if you are not winning and you are trying to win. In this way you will bet more as a result of which you will lose more but price movement of your coin also have an impact. If your coin’s value is expected to grow then you should rethink on it whether you should start gambling or not.

[cryptjh]

The price of bitcoins are up with more than 2x in less than 2 months, so everyone holding bitcoins now has the double amount of money compared to two months ago. And now the altcoins starts to rise also. So everyone has more money now.
 When I get more money I like to spend some of them, and some of those money cut be spend on gambling.

[XinXan]

I have been investing into crypto-games and the recent bull run certainly affected my gains, a lot more people are gambling and therefore the chances of me winning, since I'm investing, are not really higher but faster, the more people play the faster it gets to the house edge.

[Ucy]

And so the bullish trend continues, I'm sure most gamblers are not reluctant to play with their bitcoin,  . So for me the best options is altcoins, you can't go wrong with Ethereum, Litecoin and Doge. I would rather hold my bitcoins for now and hope for a good profits in this run continues to at least $10k.

Why do you say so?  Ethereum and other altcoins are going through the same market condition bitcoin, why then do you prefer to gamble with them than Bitcoin.  Do you just feel bitcoin is too valuable to be spent, more like keeping your diamonds/gold and trading with silver instead?

[peter0425]

And so the bullish trend continues, I'm sure most gamblers are not reluctant to play with their bitcoin,  . So for me the best options is altcoins, you can't go wrong with Ethereum, Litecoin and Doge. I would rather hold my bitcoins for now and hope for a good profits in this run continues to at least $10k.

Why do you say so?  Ethereum and other altcoins are going through the same market condition bitcoin, why then do you prefer to gamble with them than Bitcoin.  Do you just feel bitcoin is too valuable to be spent, more like keeping your diamonds/gold and trading with silver instead?

Hmm. Did you read my comment was like 5 or 6 days ago? When the price of other altcoins has not been pumped? Of course, everyone here treated bitcoin like that. It's the best performing asset so far and would remain like that. And besides, I'm on the negative side right now so I would rather quit at this stage wherein we are in a bull run and save some.

[leowonderful]

Been a while since I last posted in this thread, with the last time being when the early April pump just started, but I'm still actively betting and wagering with the Bitcoin and alts I hold, though I am also starting to gamble a bit less and I'm adding to my weekly purchases of Bitcoin and other various alts. I still think an overall bullish trend is good for the casinos though, because more news and adoption about Bitcoin and crypto as a whole means more potential gamblers signing up for crypto-based casinos.

[SirLancelot]

Crypto gambling sites will always have same wanted level when the prices are bullish or bearish,I didn't see many new gambling sites due to the bull run so gambling will not change based on the price changes of cryptos.

What will effect is that people who gamble with coin will restrict themself as they know that on gambling they may lose the money and while holding the coin it will help then to make money as price is rising which will result in the returns on their investment .

Maybe yes, the users spending big amount onto gambling will restrict themselves and lower the spending. Other than this gambling industry is always supportive in the circulation of bitcoin which also has got its role in the growth of bitcoin. Gambling is fun, unlike the market trend people will continue to be a part of the same.

A the market gets bullish, we should expect that there are new gamblers that will come in.
Of the big amount of bitcoin being trading on a daily basis, if we will only have at least 1% of that, it would be a big help.

But crypto gambling in general is a multi billion industry, so when the market is bullish, it will be good for the casinos as it will increase their profitability.

In every bull runs people want's to multiply their bitcoin holdings instantly and the only way to do that is via Casino platform and all casino platform love's this bull run since many users are coming back to life when BTC are starting to show some positive price movement,.

In a market full of risk takers, anything is possible and in a bullish market, when the values of Bitcoin and other coins would rise, you would get a huge influx into the gambling world for people love to make as much as possible out of their coins. They take their chance to see if things would work out. If they win, they take away big money but if they loose, they try again to make it.

[Caladonian]

And so the bullish trend continues, I'm sure most gamblers are not reluctant to play with their bitcoin,  . So for me the best options is altcoins, you can't go wrong with Ethereum, Litecoin and Doge. I would rather hold my bitcoins for now and hope for a good profits in this run continues to at least $10k.

Why do you say so?  Ethereum and other altcoins are going through the same market condition bitcoin, why then do you prefer to gamble with them than Bitcoin.  Do you just feel bitcoin is too valuable to be spent, more like keeping your diamonds/gold and trading with silver instead?

Hmm. Did you read my comment was like 5 or 6 days ago? When the price of other altcoins has not been pumped? Of course, everyone here treated bitcoin like that. It's the best performing asset so far and would remain like that. And besides, I'm on the negative side right now so I would rather quit at this stage wherein we are in a bull run and save some.

Much better, if you are already satisfied with what you are seeing even you are in the negative side, you should decide according to what you understand, this current sway makes investors lose or for some who also take the advantage of their knowledge perhaps they are in the positive and storing more coins for much longer time frame and continue to enjoy their investment journey.

[btcmegastar]

Bitcoin went as higher as $4909 today on some exchanges platforms!  It is the highest this year and will like to find out how does today sparked affect gambling and betting?

Gambling is a section which doesn't get affected by both bull or bear. People gamble when they are happy and they gamble when they are sad. They gamble to share their fortune and they gamble to win back their loss.

You are right, they won't bother about the coin whether the coin price is increasing or decreasing but surely they will gamble with happier when the Bitcoin price starts increasing. Most of the people will gamble when they are very sad in order to refresh our mind.

[iv4n]

I felt the change when bitcoin skyrocketed in 2017. I gambled when btc was 200 dollars, can you imagine on site where minimum bet is 0.0001 btc with 100 dollars you had 0.5 btc and you could play a lot, start from minimum bet and have a chance to double that many times. As price started to climb 100 dollars in btc was 0.01! What a change that was, in beginning it was hard to accept that. Only later some casinos lowered minimal bets, and I changed coin, I gamble less with bitcoin and more with some other cheaper coins. So I get trough same thing years ago, now its just same thing happening all over again.

[Cosbycoin]

I have been investing into crypto-games and the recent bull run certainly affected my gains, a lot more people are gambling and therefore the chances of me winning, since I'm investing, are not really higher but faster, the more people play the faster it gets to the house edge.

It will affect only if you are converting you coins into dollars or any other currency and start gambling with that currency. In case of gambling with crypto coins you will lose more if you face with loss because 1 BTC price if has increased today then on losing that coin you will lose your profit too. I suggest not risking your coins in gambling but keeping holding it for the future market prices which will give you profit.