How did today bullish trend affect gambling!

[avikz]

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?

I don't think it would effect gambling in any way. But in worst case scenario, it might decrease some volume to the casino sites because a lot of casual gamblers would want to cash out their existing hoardings to make some quick bucks out of the increased price! But I don't envisage any major/quantifiable impact!

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[shoreno]

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?

I don't think it would effect gambling in any way. But in worst case scenario, it might decrease some volume to the casino sites because a lot of casual gamblers would want to cash out their existing hoardings to make some quick bucks out of the increased price! But I don't envisage any major/quantifiable impact!

Cash out for quick bucks ?  How come when they could continue playing in the hopes of doubling it . you know mate , its pretty tempting to gamble on the bull run because you can earn huge profits easily if ever you won  . while there are some scared gamblers that will do what you are saying  . they cannot afford to loose big because they think that they are already a winner because their cryptos are pumping  .

[richminded]

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?

I don't think it would effect gambling in any way. But in worst case scenario, it might decrease some volume to the casino sites because a lot of casual gamblers would want to cash out their existing hoardings to make some quick bucks out of the increased price! But I don't envisage any major/quantifiable impact!

That's also my idea because if bitcoin goes high them gamblers will not play anymore and want to sold it which is better than taking too much risk from gambling. So far, the gambling are still working normally and though its hard to know this one since there is no specific market to look for gambling. Gamblers will still have to choose whether to keep playing or not.

[Pattart]

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?

I don't think it would effect gambling in any way. But in worst case scenario, it might decrease some volume to the casino sites because a lot of casual gamblers would want to cash out their existing hoardings to make some quick bucks out of the increased price! But I don't envisage any major/quantifiable impact!

that would happen if the gambler was an investor too, but a true gambler would not do cash out even though prices went up, because their profits are in gambling, a few percent increase price did not have much effect on him, because they could profit more than that in 1 day of play

[Xenrise]

It simply affects that gamblers will not gamble bitcoin for their stake. It's because bitcoin is so valuable right now. It went up below 5k usd. This just states that more gamblers will just use other coins such as ETH, DOGE, and many more.

[LUCKMCFLY]

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?

Well, in Bitfinex came much higher, and I think the only thing that can affect the game, is in the platforms, which can give less satoshis since it has a constantly predefined USD value, there are some platforms that when the BTC goes up, the probabilities of winning diminish a lot (it is what some affirm, fact not verifiable) but it is what some friends have commented to me. I think that's the only option that could affect it.

[ethereumhunter]

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?

I don't think it would effect gambling in any way. But in worst case scenario, it might decrease some volume to the casino sites because a lot of casual gamblers would want to cash out their existing hoardings to make some quick bucks out of the increased price! But I don't envisage any major/quantifiable impact!

that would happen if the gambler was an investor too, but a true gambler would not do cash out even though prices went up, because their profits are in gambling, a few percent increase price did not have much effect on him, because they could profit more than that in 1 day of play

But maybe they will decrease the amount for deposit to the gambling website because with the $100, and they can get for at least 0.02 btc. Maybe they will not decrease, or even they will increase the deposit money, but that will not affect the gambling. The gambling website will still make a profit from the trader, and that is for sure.

[Crypto Girl]

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?

People are obviously going to adjust their stakes. The amounts in bitcoin that people are gambling with will be less, presumably.

Some will certainly do that but with some it will be a usual day of gamble snd besides it just don't matter especially from those who bet small time. However, if this rally will continue we can expect that they will decrease the bet or might still do the usual thing and ride with the flow of bitcoin's momentum.

[panjul07]

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?

I don't think it would effect gambling in any way. But in worst case scenario, it might decrease some volume to the casino sites because a lot of casual gamblers would want to cash out their existing hoardings to make some quick bucks out of the increased price! But I don't envisage any major/quantifiable impact!

that would happen if the gambler was an investor too, but a true gambler would not do cash out even though prices went up, because their profits are in gambling, a few percent increase price did not have much effect on him, because they could profit more than that in 1 day of play

True gambler means they can use their logic well, if there is a chance to make profit by cashing out their balance then exchange it to fiat as they bough it cheaper so they will cash it out although not all. A true gambler wont miss a good chance to make profit IMO.
Of course gamblers are not the same, some may do like what I say and some others may do the opposite as it is all about preferences.

[Dreamchaser21]

I'm still playing normally like now, and it didn't change at all because I still lose money despite of a good market. So I guess, even if we enter into a bull run the gambling site will focus on their system and only the gamblers will change their strategies whether on playing or in investing. Gambling is different in an active market like cryptocurrency.

[Pmalek]

Those who like to play weekly bet slips and did so before bitcoin started raising could now have possible earned 20-30% more than what they were initially expecting. That is one way that the bullish trend could have affected gamblers. Sadly it didn't do much for me.

[niisarearning]

After long time i started my trading platform exchanges for trading also started to look at some of my favourite gambling site where i can gain some more crypto currencies . Definitely for me it gave me positive vibes  . Hope rest of the community would be happy by seeing thisbullish market . Again getting trust on crypto currency.

[maydna]

Personally, I don't use bitcoin, but I used dogecoin so it won't affect me in the gambling

But maybe it did happen to other people who use bitcoin for their bets as we don't know how much they deposit bitcoin to the gambling website. I think for addicting gamblers, they won't feel confused if bitcoin price increase because they will still play gambling and spend bitcoin. But for ordinary people who don't play gambling too often, maybe it will affect the amount for deposit.

[Vaskiy]

Bullish trend of the market support with more people to get into gambling. In short, more volume of crypto will be poured over the gambling websites. Who have won through gambling on this specific days profits big because of the surprise price increase. Then onwards slowly more investors will get in making the market continue to progress.

[Fredomago]

Bullish trend of the market support with more people to get into gambling. In short, more volume of crypto will be poured over the gambling websites. Who have won through gambling on this specific days profits big because of the surprise price increase. Then onwards slowly more investors will get in making the market continue to progress.

Which is categorically right,  those gamblers who win while the market is inside the bullish will be more active as they will see much higher benefits if they will continue to win, as what we seen right now there's also possibility that more investors will also place their money into gambling investment seeing the benefits as it's compared to Fiat value.

[TheCoinGrabber]

Shouldn't affect it much. They can just do smaller amounts per bet if they are tracking their gambling budget in fiat. I'm expecting people to play more if hits 8k and above - they'll try to win as much BTC as they can while it's up and convert it for buying later when it plunges again.

[ChrisPop]

Some gamblers like to gamble more with bitcoin when the price spikes as they can have bigger rewards, but that is a mistake if you ask me especially if you are not playing for fun. The other part maybe try to cash in on profits and withdraw their btc.

[swogerino]

The higher the bitcoin price the less the gamblers and bitcoiners in general to spend it.This is not a huge increase although it is a green light that maybe bitcoin will have a second 2017 during this year but they an opposite trend with gambling, the lower the price the more people gamble and the higher the price the less people play.

[Ranly123]

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?

Only the amount of Bitcoin changes and not the quantity of it which means there is not big deal to this current spike for Bitcoin. Also, other platform not only accept Bitcoin for betting but they also accept altcoins. So in other words, Bitcoin price does not totally have that big of an impact on gambling.

[Kemarit]

I also lowered my stakes. Was playing in a casino and didn't know that the price had spike to $5000 already. LOL. I should have withdraw that time because it's a win-win already. Or I might used other altcoins as well. That's why I did the last time Bitcoin prices spike to it's all-time-high, faster confirmation as well. Although Bitcoin transaction is much faster today as compare to 2017.