How did today bullish trend affect gambling!

[Capt00]

I guess it depends on which gambling site you are referring for, just for example gambling site doesn't use bitcoin/sats to roll the dice if what kind of gambling feature is that. But if you used sats to gamble of course the quantity is still the same and I think it doesn't have an effect even we're on bullish trend. For example, bustadice and windice gambling sites are different in using coins to bet and roll.

[Johnzky]

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.

Yeah that’s also my plan since we’re going bullrun now,also the jackpots from the gambling sites for sure will decrease as the value of crypto is going better now

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.

Lol mostbof gamblers now are using altcoins as they are cheaper and more applicable to bet

[Jating]

Haven't adjusted my bet. But I'm sure I will play with less bitcoin and just hold because we might be in a bull run for all we know.

Dogecoin will be a good alternatives though. I'm not really sure if you guys have been using it. But it's one of the best option, at least in my opinion.

[leea-1334]

Honestly speaking I do not think that people really convert money very much. They buy Bitcoin and gamble, it does not really matter. And 4k and 5k BTC does not really affect people much if they deposit $50, a few thousand satoshis more afterall,,, maybe it is a small bonus to gamble with, maybe it makes your bankroll slightly bigger but that is all.

Emotionally is a very different matter however. I remember in the bull run people were tipping like crazy and gambling like hell. When people are happy they gamble more. It is just human nature right?

[Caladonian]

Honestly speaking I do not think that people really convert money very much. They buy Bitcoin and gamble, it does not really matter. And 4k and 5k BTC does not really affect people much if they deposit $50, a few thousand satoshis more afterall,,, maybe it is a small bonus to gamble with, maybe it makes your bankroll slightly bigger but that is all.

Emotionally is a very different matter however. I remember in the bull run people were tipping like crazy and gambling like hell. When people are happy they gamble more. It is just human nature right?

For regular gamer yes indeed, it won't affect them that much as they already have a converted to fiat bankroll and it will be a bonus for them if they
quit with some good winnings, same with people who's playing only for enjoying their spare time, same thing if they win it will add some enjoyment
to them gaining much higher value of money into fiat amount.

[Malsetid]

Haven't adjusted my bet. But I'm sure I will play with less bitcoin and just hold because we might be in a bull run for all we know.

Dogecoin will be a good alternatives though. I'm not really sure if you guys have been using it. But it's one of the best option, at least in my opinion.

For gambling yes. Doge has been one of the most popular alternatives for btc since a lot of gambling sites also accept that parody coin. Though i haven't adjusted any betting amounts i had because of the price hike. It doesn't have that much difference in my small bets yet. I don't usually make big bets so changes in btc value doesn't affect me the way it affects frequent gamblers.

[liuqi]

Haven't adjusted my bet. But I'm sure I will play with less bitcoin and just hold because we might be in a bull run for all we know.

Dogecoin will be a good alternatives though. I'm not really sure if you guys have been using it. But it's one of the best option, at least in my opinion.

For gambling yes. Doge has been one of the most popular alternatives for btc since a lot of gambling sites also accept that parody coin. Though i haven't adjusted any betting amounts i had because of the price hike. It doesn't have that much difference in my small bets yet. I don't usually make big bets so changes in btc value doesn't affect me the way it affects frequent gamblers.

But this Doge did not perform well in this market also. I really do not suggest to use such coin when the market in booming. If you are investing on gambling, believe one day you will loose all your money whether it is Doge or BTC.
Trend will support the hodlers for sometimes only,
If we are good at investment handling, we should keep track it and make money out of it.

[Juliya_D]

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

Due to the rise in Bitcoin prices, the player will recalculate each time how much a bet costs at the price of today. And for some, an increase of 22% will seem large. Therefore, the value of the bet will be reduced in gambling.

[dunfida]

Haven't adjusted my bet. But I'm sure I will play with less bitcoin and just hold because we might be in a bull run for all we know.

Dogecoin will be a good alternatives though. I'm not really sure if you guys have been using it. But it's one of the best option, at least in my opinion.

For gambling yes. Doge has been one of the most popular alternatives for btc since a lot of gambling sites also accept that parody coin. Though i haven't adjusted any betting amounts i had because of the price hike. It doesn't have that much difference in my small bets yet. I don't usually make big bets so changes in btc value doesn't affect me the way it affects frequent gamblers.

But this Doge did not perform well in this market also. I really do not suggest to use such coin when the market in booming. If you are investing on gambling, believe one day you will loose all your money whether it is Doge or BTC.
Trend will support the hodlers for sometimes only,
If we are good at investment handling, we should keep track it and make money out of it.

Then what would be your choice?

When playing gambling then setting aside some amounts either BTC or DOGE wont really be a big deal at all.If you are saving them then theres no point on playing gambling and
spent those coins to those gambling sites.

[Sanitough]

It has not affect gambling, if it influence our chance of winning then probably it will affect.
As for me, every time I gambler, I automatically cash out my money if I win, I treated BTC like a payment system in gambling, no no changes in my part.

[eternalgloom]

How would anyone know, I mean I've seen this question getting asked multiple times here and the thread always ends up becoming a spam thread.
Who cares what effect it has on gambling?

Unless you can provide us with some interesting statistics or analysis, just don't bother...

[boyptc]

It has not affect gambling, if it influence our chance of winning then probably it will affect.

Yes, there's no effect for the chance of winning. The market's surge doesn't have anything to do with our luck.

But this change of market trend can also produce some new strategy on how we will manage our bankroll. Like before, if you have $100 worth of bitcoin to gamble, the quantity now will be lessen but still has the same worth.

[Polar91]

It has not affect gambling, if it influence our chance of winning then probably it will affect.

Yes, there's no effect for the chance of winning. The market's surge doesn't have anything to do with our luck.

But this change of market trend can also produce some new strategy on how we will manage our bankroll. Like before, if you have $100 worth of bitcoin to gamble, the quantity now will be lessen but still has the same worth.

The quantity of your Bitcoin won't be altered wether if the market trend gets favored or you or not. It won'tbalso affect your play in gambling. You won't really mind for the value of the coin you're gambling but only look at its quantiity.

[Ucy]

The volatility is a little bit of problems in crypto world.  This is why it is better for merchant to have the cryptocurrency in fiat value as well.
I guess some gambling companies would adjust prices a bit to reflect previous prices.

[omonuyak]

It has not affect gambling, if it influence our chance of winning then probably it will affect.
As for me, every time I gambler, I automatically cash out my money if I win, I treated BTC like a payment system in gambling, no no changes in my part.

Our chances of winning is what really matters and either bitcoin goes up or down if we are winning it doesn't matter either it is bullish or bearish and vice versa.  It is also very important we understand that if you win 10bitcoin and the price is increasing you have more values for your winning.

[boyptc]

It has not affect gambling, if it influence our chance of winning then probably it will affect.

Yes, there's no effect for the chance of winning. The market's surge doesn't have anything to do with our luck.

But this change of market trend can also produce some new strategy on how we will manage our bankroll. Like before, if you have $100 worth of bitcoin to gamble, the quantity now will be lessen but still has the same worth.

The quantity of your Bitcoin won't be altered wether if the market trend gets favored or you or not. It won'tbalso affect your play in gambling. You won't really mind for the value of the coin you're gambling but only look at its quantiity.

Yes it won't altered but I'm mostly talking about the value, the price of it because the market pumped.

$5,000 is different from $4,000 just do the math about the quantity.

[kaya11]

Well it will usually affect jackpot pots and fees. It could also lead to people minimize gambling and just focus on keeping their BTC, wait for it to bloom. But that won't do for people who gamble only for fun. Also people will limit their bets, the exchange of current BTC or eth and other coins are different from yesterday. Most probably they will be putting more money if they lose in their usual bet of in crypto.

[Sled]

Have its chances that gamblers will play more bets and winning price might increase the same way as players increase their bets also.
Prices may effect a lot, not only in gambling but of all crypto related sites, including online purchases.
As the price moves upward, it may encourage gamblers to take chances of winning since they have enough money to spend with.

[mersal]

The market condition are always been critical so if we take any type of decision it will give the risk and attention for you so on the time gambling will helpful to invest money and get the profit very easily with less work but we don't know the end will be success that's only the problem available in gambling but the bullish market will always make a way to gamble for lots of people.

[BUK2016]

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?

Currently the market seem to be $4702 as this might have a little effect on the gambling platform. Although the bullish trend was not that full but hope in the next few months to come the full phase of the bullish trend will surface and the whole story turn bullish again.