How did today bullish trend affect gambling!

[Cherylstar86]

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.

  I also prefer to play gamble when I want to relese my stress and dont take it too much, to evade from attaching aggressive deliberation that may lead to addiction. Bull trend is an opprtunity to earn accumulate wealth because the big capital we spend, the mere fact we gain enormous money. But we have to be aware and wise for taking the risk in order to evade from loses or failure.

[redsun114]

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.

The bullish market affected the gambling activities because the rise in the value of crypto motivated a big influx of gamblers into gambling. The reason behind the entry of a huge number of gamblers in crypto gambling is purely the probability of winning. Majority of the people who would enter crypto gambling in such situation would be expert at it. The risk averse guys would rather prefer to stay in the bullish market and let the market do the job.

[prtty2gal2]

I don't think bull run has anything to do with gambling. You can only talk about gambling when you have Bitcoin in your wallet and then bull run takes place, then the amount you have invested/available in your wallet for hodl will go up. But if it's about gambling, nah, it has nothing to do with that. It is not going to make you get more wins or whatever, things are still as it is. Except that it is a betting sites that only plays with Bitcoin, then that Bitcoin you have on that site will also increase in worth as the market goes up as well. But if it was invested in dollars, and the market goes up, you're not going to get anything, you're still going to get that same amount of dollars.

[omonuyak]

I don't think bull run has anything to do with gambling. You can only talk about gambling when you have Bitcoin in your wallet and then bull run takes place, then the amount you have invested/available in your wallet for hodl will go up. But if it's about gambling, nah, it has nothing to do with that. It is not going to make you get more wins or whatever, things are still as it is. Except that it is a betting sites that only plays with Bitcoin, then that Bitcoin you have on that site will also increase in worth as the market goes up as well. But if it was invested in dollars, and the market goes up, you're not going to get anything, you're still going to get that same amount of dollars.

Are you saying " you don't normally caculate your investment in the current value as a gamble and as far as you have Bitcoin in your wallet you gamble"? I think the current value of Bitcoin has everything to do about the amount we can afford in gambling. If Bitcoin is increasing in price ? There is no way you will not be careful with your risk management.

[FlightyPouch]

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?

This post is still last month but we can now say it did happen but at a higher price. For me nothing changed here, gamblers will stay at gambling and use their crypto currencies or their fiats, whatever they prefer. The only thing that changes here is the price of BTC which I think is better since they can bet higher than normal but with a normal amount if you know what I mean.

[jademaxsuy]

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?

It has a high effect on the gamblers especially in betting. We know that a bet using btc will going to change. If the value of btc is low then definitely the bets in terms of btc will be high since its liquidity is low. Now that btc market price is high the gamblers bet in terms of btc will going to fall for its liquidity already is high as bitcoin market price pump.

It is just like to what I did. The bets I made before the btc pump is high but now since btc market price is high then I can only bet as low as much as possible because of its liquidity.

[Netnox]

There is no shortage of irresponsible people who gamble away their savings. Although these people constitute a minority, they tarnish the reputation of all the gamblers and the gambling industry as a whole. But responsible gamblers hold back on their spending when the exchange rate goes up. I have noticed this in 2013, and in 2017. When the prices increase, the turnover get reduced at major gambling sites.

[okala]

There is no shortage of irresponsible people who gamble away their savings. Although these people constitute a minority, they tarnish the reputation of all the gamblers and the gambling industry as a whole. But responsible gamblers hold back on their spending when the exchange rate goes up. I have noticed this in 2013, and in 2017. When the prices increase, the turnover get reduced at major gambling sites.

Well to me I don't care if the market go up or not I gamble the amount I use to gamble in every other time, I am not too addicted to gambling and I have my targeted amount in my gambling scheduled which I will never exceed that amount.

[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.

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.

Thank you mate,  . I'm been in gambling industry for so long that I have totally control of myself already and knows when to quit. So I would rather not play with my precious bitcoin and just HODL on it because the possibility to grow in the next couple of months is very likely.

[add1ct3dd]

There is no shortage of irresponsible people who gamble away their savings. Although these people constitute a minority, they tarnish the reputation of all the gamblers and the gambling industry as a whole. But responsible gamblers hold back on their spending when the exchange rate goes up. I have noticed this in 2013, and in 2017. When the prices increase, the turnover get reduced at major gambling sites.

Well to me I don't care if the market go up or not I gamble the amount I use to gamble in every other time, I am not too addicted to gambling and I have my targeted amount in my gambling scheduled which I will never exceed that amount.

That restriction or limits that you set with yourself is insane. We should gamblers know when to cut our losses and winnings and for that way to implement to us is restrict ourselves.

[Oilacris]

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.

Thank you mate,  . I'm been in gambling industry for so long that I have totally control of myself already and knows when to quit. So I would rather not play with my precious bitcoin and just HODL on it because the possibility to grow in the next couple of months is very likely.

Using up our bitcoin isn't really that bad yet this should how be spent out and also gambling can give out chance to increase your holding too

but wont really be that ideal for you to consider on having gambling as an option but rather making investment would be a better option.It isn't
really that bad to spend a few satoshis for the sake of entertainment purposes.

[hahay]

There is no shortage of irresponsible people who gamble away their savings. Although these people constitute a minority, they tarnish the reputation of all the gamblers and the gambling industry as a whole. But responsible gamblers hold back on their spending when the exchange rate goes up. I have noticed this in 2013, and in 2017. When the prices increase, the turnover get reduced at major gambling sites.

Well to me I don't care if the market go up or not I gamble the amount I use to gamble in every other time, I am not too addicted to gambling and I have my targeted amount in my gambling scheduled which I will never exceed that amount.

That restriction or limits that you set with yourself is insane. We should gamblers know when to cut our losses and winnings and for that way to implement to us is restrict ourselves.

There is nothing crazy as long as he enjoys the game, if he does it because of compulsion maybe it will go crazy. I also don't care about market trends to gamble, because whenever that is and whether the price goes up or down, but when I want to play then that's when I will bet and I don't have any target for any achievement, because I only think if I'm lucky then I will get the best today by maximizing the strategy that I have.

[virasog]

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.

The bullish market affected the gambling activities because the rise in the value of crypto motivated a big influx of gamblers into gambling. The reason behind the entry of a huge number of gamblers in crypto gambling is purely the probability of winning. Majority of the people who would enter crypto gambling in such situation would be expert at it. The risk averse guys would rather prefer to stay in the bullish market and let the market do the job.

Since most of the gambling is done using bitcoins and crypto, we see positive results in increase in gambling too. Since when the btc rises, it becomes the news of the media and trending search term in "Google". When this happens, the use cases associated with bitcoins like gambling / trading, also gets a boost.

[JohnBitCo]

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?

It has a high effect on the gamblers especially in betting. We know that a bet using btc will going to change. If the value of btc is low then definitely the bets in terms of btc will be high since its liquidity is low. Now that btc market price is high the gamblers bet in terms of btc will going to fall for its liquidity already is high as bitcoin market price pump.

It is just like to what I did. The bets I made before the btc pump is high but now since btc market price is high then I can only bet as low as much as possible because of its liquidity.

Bullish behavior of btc can increase or decrease the turnover in gambling. Many people will hold on to their btc to get benefit from increasing bitcoin prices ad others will still invest in gambling, to further increase their btc.  If you ask me the best time for the gamblers is when the btc is stable, as I do not think gamblers like the volatile prices of bitcoin.

[pinoycash]

Bullish behavior of btc can increase or decrease the turnover in gambling. Many people will hold on to their btc to get benefit from increasing bitcoin prices ad others will still invest in gambling, to further increase their btc.  If you ask me the best time for the gamblers is when the btc is stable, as I do not think gamblers like the volatile prices of bitcoin.

It will really affect one way or another, But majority of crypto gamblers treat 1 sat = 1 sat and not as USD value. So Crypto Casino platform profits and players will not be affected when bull run comes. In fact this will increase their userbase and active gamblers that wanting to multiply their Coins.

[Netnox]

There is no shortage of irresponsible people who gamble away their savings. Although these people constitute a minority, they tarnish the reputation of all the gamblers and the gambling industry as a whole. But responsible gamblers hold back on their spending when the exchange rate goes up. I have noticed this in 2013, and in 2017. When the prices increase, the turnover get reduced at major gambling sites.

Well to me I don't care if the market go up or not I gamble the amount I use to gamble in every other time, I am not too addicted to gambling and I have my targeted amount in my gambling scheduled which I will never exceed that amount.

That restriction or limits that you set with yourself is insane. We should gamblers know when to cut our losses and winnings and for that way to implement to us is restrict ourselves.

Insane? I don't think so. He is doing the right thing. By setting up a daily or weekly limit, he is making sure that the losses will never get out of hand. If you don't have such a threshold, then the chances are that you may get carried away during the game and will end up losing more than what you could afford. What he is doing is responsible gambling.

[joshy23]

Bullish behavior of btc can increase or decrease the turnover in gambling. Many people will hold on to their btc to get benefit from increasing bitcoin prices ad others will still invest in gambling, to further increase their btc.  If you ask me the best time for the gamblers is when the btc is stable, as I do not think gamblers like the volatile prices of bitcoin.

It will really affect one way or another, But majority of crypto gamblers treat 1 sat = 1 sat and not as USD value. So Crypto Casino platform profits and players will not be affected when bull run comes. In fact this will increase their userbase and active gamblers that wanting to multiply their Coins.

Yes, they are doing this kind of mentality, they are not basing their bets in fiat based but in bitcoin based so if they settled a budget for such amount they will play it as btc and they will spend it as it is, there's changes that affects as before they will begin they will allocate amount that will be the target money that they will be used along the way.

[boyptc]

It will really affect one way or another, But majority of crypto gamblers treat 1 sat = 1 sat and not as USD value.

Most of gamblers but there's still some gamblers that look at the USD rates, well I've actually said this already before on the 1st page.

The lower sats has now higher value if you are mostly checking the USD rates on how much you gamble.  

[Ucy]

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?

This post is still last month but we can now say it did happen but at a higher price. For me nothing changed here, gamblers will stay at gambling and use their crypto currencies or their fiats, whatever they prefer. The only thing that changes here is the price of BTC which I think is better since they can bet higher than normal but with a normal amount if you know what I mean.

I think gambling owners will probably be forced to adjust their prices if the price of bitcoin continues to go higher. There is nothing extraordinary about this. Who will be willing to make a simple bet for $100 in crypto when they can do that for just $5 on non-crypto gambling websites?

[uneng]

Not 4909 dollars anymore, now it's 8063 dollars. I think the effects of a intense pump are very diversified. Some gamblers will just adjust their bets down, to not spend much money fast, others will stop gambling until the market finds a balance point, there are those who change to stable altcoins temporarily and I believe there are even gamblers who will increase their bets, to try earning btc fast now to cashout during the pump peak.