Gambling with Fiat or Crypto?

[tbterryboy]

I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.

I think the same, cryptos make gambling more accessible for anyone, i don't gamble with fiat at all but with cryptos is fun to do it sometimes.

I think the fact that anyone can bet cryptos now days is a problem because any child could use cryptos and place bets... casinos doesn't realy have a way to prove the user behind the bet is an adult.

Another reason why crypto is seen as a bad thing because there is no way to track if gambling is being done by kids and by people from countries who are actually banned from gambling otherwise. I accept the fact that there must be freedom to spend money for all and crypto gambling provides that but at the same time you don't want kids being involved with gambling and ruining their lives forever just because we want more freedom.

In general crypto betting is much easier because you can win 100 BTC withdraw and walk away while if you are betting legally with fiat you need to pay various taxes and fees involved.

[akmal1984]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

If he goes down means your income also dropped dramatically. How about that? what do you do if that happens ...? Are you betting again to increase your income. For example, you win 0.1 bitcoin ... then the price drops far. If you wait for the price to go back up, it means you will vacuum first to bet?

[huige007]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

Gambling is the fastest growing industry right now and people who are involved in crypto are going to be future rulers of the world monetarily. Crypto is future currency and gambling is an easy way to earn it. Gambling with bitcoin can make you rich in small time if you know when to stop and when to jump into betting game. Nothing could be more satisfying than winning some proportions of bitcoin.

[deisik]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

That is not always the case.

You know how volatile Bitcoin and cryptocurrencies right? And you are gambling too so you are not just risking your cryptos in gambling but also you are dealing with its volatility

I think we can safely discard the issue of volatility from the gambling equation

The whole point of volatility makes sense only if you are looking to earn money through gambling. But even if this is not oxymoronic on its own (which is a big if), it is definitely not the best way to make dough in the long term (where volatility concerns start to count). So, from a practical point of view, cryptocurrency volatility is the last thing that a typical gambler should care about. And I'm not even mentioning the fact that it works both ways anyway (as per definition)

[Soots]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

Gambling is the fastest growing industry right now and people who are involved in crypto are going to be future rulers of the world monetarily. Crypto is future currency and gambling is an easy way to earn it. Gambling with bitcoin can make you rich in small time if you know when to stop and when to jump into betting game. Nothing could be more satisfying than winning some proportions of bitcoin.

That's confirmed and proven, gambling was too in demand by many people, and now it continues to grow more often. That's why most people were attracted to the promises showed towards the public. Personally, the experience remain so serious and a reality for everybody who desired to join gambling in a very complicated manner. Some might be frustrated as they lost a lot of money but suddenly go back on gambling.

[Meowth05]

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts?

Personally I would rather choose to use Cryptocurrencies upon playing gambling over Fiat simply because of anonymity. As an individual who wants to play without having a thoughts of getting caught like me, crypto is more likely perfect for it. There are some countries who do not allow this kind of activity so I think this will an option for them to choose. In terms of convenience, I think there's no problem with crypto because most of my earnings are not fiat so this will be easy for me to spend it online.

[BChydro]

Gambling with bitcoins is easy for withdrawals and deposits because no verification are required on bitcoins based casinos and sportsbooks but at the same time we have to admit the fact that the crypto casinos are not so popular and don't offer the same range of betting odds and games as some of the big ambling websites like bet365 provides.

If you are looking at this scenario earlier then fiat based gambling sites had better options but now we have more crypto based gambling sites that give you more option to bet but it is a fact that bet365 is one of the top sites in online gambling and they have the best odds and since we have crypto sites i do not wage in those sites anymore as i am comfortable with the crypto based sites.

Personally as more and more crypto gambling websites are coming into the market, they establish too like directbet did and now sportsbet seems to be the best one but I might be mistaken.

The odds for directbet really sucked but it was a really cool site and you do not even need to register in that site and that was the biggest advantage they had over any other site and they accepted 4 cryptos which was really great for the fans during that period and i miss that site even now.

[Abiky]

Be careful if you use your bank account to send the money for gamble because the banks can do anything to our account and they can freeze our account in anytime. You should avoid that way if you want to gamble and you can choose to gamble using crypto. I am sure that you will get another experience in gambling and you will be like to stay in the crypto gambling games

That's the real issue when gambling using Fiat. Banks can simply freeze your account whenever they want to, when that's not the case with crypto. Gamblers would often find crypto more flexible to deal with than Fiat because of the many benefits it provides. Of course, crypto is very unstable at times where it can be worth tons of money to being worthless in a blink of an eye. But the advantages of crypto relative to Fiat, far outweighs its disadvantages. Most people will prefer crypto since it gives them financial freedom. While most online gambling sites require KYC for crypto too, gamblers can choose decentralized gambling applications for their own benefit. It's now even possible to gamble with privacy-oriented coins like Monero and Zcash.

Still though, people have their own unique preferences when it comes to money. Some gamblers would prefer Fiat for gambling because it's tangible and stable in price, while others would prefer crypto because of its anonymous and censorship-resistant design. Knowing that crypto and Blockchain technology has been the hottest topic of today, means that they could be implemented in many industries within the mainstream world. It wouldn't be surprising to see many more online gambling sites accepting crypto within the not-so-distant future. By then, the battle will be between traditional casinos accepting Fiat versus online casinos or gambling sites accepting crypto. If adoption continues to grow for crypto, then crypto-gambling sites will be here to stay for a long time. Just my thoughts

[owengtam09]

I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.

I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.

[mirakal]

I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.

I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.

With convenience, this would attract us to gamble more.

Honestly I am also one of the gamblers who start gambling more when they know about crypto gambling sites, on a regular basis I am putting my bets on the sports that I like and it has been part of my life already, losing is part also but as you get more matured, you'll be able to know how to handle yourself and bet within your limit.

[supercanada1]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

I also like to gamble using crypto because there are already many gambling places supporting various crypto (cheap ones), even though we only have a small capital we can still bet differently if we use fiat it must have a lot of capital (my experience). and the advantages of crypto, it's true that the price can change at any time, if the price goes up, surely we can benefit many times over. get profit from betting and get more profit from the price of crypto that goes up.

When you bet with fiat, you don’t have many options of currencies to choose from. Of course you will use local currencies but with cryptos, there is unending variety of currencies that you can opt as per your need and demands. Moreover the volatile nature of crypto currencies can give you enormous benefits if you hold your coins for some time that you won in gambling.

[Best Dreams]

I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.

I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.

It’s good to have such thinking that you want to keep gambling and trying your luck but mate try to avoid addiction as those who get addicted May lose all their savings into gambling. I know gambling is all about knowledge and luck so it’s 50/50 to earn with luck and skills.  If you find online gambling with crypto reliable you can gamble with crypto but I like to gamble with fiat most of the time.

[TheUltraElite]

If he goes down means your income also dropped dramatically. How about that? what do you do if that happens ...? Are you betting again to increase your income. For example, you win 0.1 bitcoin ... then the price drops far. If you wait for the price to go back up, it means you will vacuum first to bet?

That much volatility can be ruled out in bets smaller than 10btc. You have to understand that the market though labelled as "very volatile" by many people, its not the correct term to use. There is less than 5% change in market price of bitcoin these last few months except this 1k USD crash and rise this week. So your dollar value of the bet is more or less same even if prices tank or rise.

But this is an inherent risk with the cryptocurrencies. You cannot avoid it. It does not mean that fiat has the advantage of being completely stable. Both has its pros and cons and fiat will not provide the anonymity that crypto provides.

[Ucy]

If he goes down means your income also dropped dramatically. How about that? what do you do if that happens ...? Are you betting again to increase your income. For example, you win 0.1 bitcoin ... then the price drops far. If you wait for the price to go back up, it means you will vacuum first to bet?

That much volatility can be ruled out in bets smaller than 10btc. You have to understand that the market though labelled as "very volatile" by many people, its not the correct term to use. There is less than 5% change in market price of bitcoin these last few months except this 1k USD crash and rise this week. So your dollar value of the bet is more or less same even if prices tank or rise.

But this is an inherent risk with the cryptocurrencies. You cannot avoid it. It does not mean that fiat has the advantage of being completely stable. Both has its pros and cons and fiat will not provide the anonymity that crypto provides.

I think our dependent on fiat currencies is why it's quite hard to ignore the regular significant changes in the price of cryptocurrency. If most of the world begin to depend more crypto and less (or not atall) on fiat, I think prices of "crypto-priced" goods & services could become the new yardstick. We could even observe casinos adjusting prices based on demands and prices of other crypto-priced goods/services

[bitcoin31]

I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.

I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.

Because of the gambling now are online people can easiliy play gambling without no one that you are gambling player just like before traditionally people need to go to a casino to play gambling but now it's high tech which is really helpful for all player and qe have two choices to use is either fiat or crypro but me personally I prepare using crypto too just like most of the player of gambling.

[TheUltraElite]

I think our dependent on fiat currencies is why it's quite hard to ignore the regular significant changes in the price of cryptocurrency. If most of the world begin to depend more crypto and less (or not atall) on fiat, I think prices of "crypto-priced" goods & services could become the new yardstick.

That is a long way to go my friend. We are still scraping for bitcoin-accepting marketplaces in the clearnet and merchants who accept it. Then fiat is the majority of transaction mode for the world population. A fully crypto-centric economy is nowhere near us.

We could even observe casinos adjusting prices based on demands and prices of other crypto-priced goods/services

But I still think the current situation is manageable. The average gambler does not spend so much bitcoins that the dollar valuation is worth looking into. Still for a whale it is big and they often change their habits of gambling with market price changes and burn their coins a lot more when prices fall.

This may affect more on the purchase of bitcoin for spending in casinos and others.

[Yatsan]

I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity.

I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.

Because of the gambling now are online people can easiliy play gambling without no one that you are gambling player just like before traditionally people need to go to a casino to play gambling but now it's high tech which is really helpful for all player and qe have two choices to use is either fiat or crypro but me personally I prepare using crypto too just like most of the player of gambling.

With respect to what is convenient, the means of gambling should depend on what convenient in playing. So if you are playing any type of gambling it is best to use what its primary mode of currency, online is to cryptocurrency and offline is to fiat. Now that we are talking online gambling the best to use is cryptocurrency although there are some that offers fiat too my stand is to use crypto.

I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.

Me too I'm also playing pusoy card game but I don't play at high table coz it is illegal , seems like you are in the same country as I am  

[BBit26]

I agree with most of the comments here. Online gambling has been booming recently as physical casinos will be inconvenient to some people especially to countries like mine that traffic is terrible. I play online gambling myself to try my luck and I would prepare to use cryptocurrency as well.

[Shimmiry]

I think our dependent on fiat currencies is why it's quite hard to ignore the regular significant changes in the price of cryptocurrency. If most of the world begin to depend more crypto and less (or not atall) on fiat, I think prices of "crypto-priced" goods & services could become the new yardstick.

That is a long way to go my friend. We are still scraping for bitcoin-accepting marketplaces in the clearnet and merchants who accept it. Then fiat is the majority of transaction mode for the world population. A fully crypto-centric economy is nowhere near us.

We could even observe casinos adjusting prices based on demands and prices of other crypto-priced goods/services

But I still think the current situation is manageable. The average gambler does not spend so much bitcoins that the dollar valuation is worth looking into. Still for a whale it is big and they often change their habits of gambling with market price changes and burn their coins a lot more when prices fall.

This may affect more on the purchase of bitcoin for spending in casinos and others.

One of the highest earnings are coming from the gambling, and this game consists of different card games, dice and many more, most of the time gamblers went to a casino or in a gambling house to play fun and earn more. Before the players go to a far play to play gambling, but by the use of technology and innovation, they convert gambling into online gambling. Hence, even the player is in the house or different places and have an internet connection they can play gambling. But the wages become digital too they convert the real money into digital money with the same price and use this for gambling. Today there is a new improvement to the world of gambling because the cryptocurrency created they are the same as in fiat. Still, the difference is the price on crypto changes because it is volatile even you earn a lot of cryptocurrencies, but the price is low; it is just nothing and vice versa. Using fiat and cryptocurrency gambling is the same once you use it in the game, but the difference is only the price the crypto is volatile, and the fiat is just a fixed monetary value.

[kotajikikox]

i love my crypto and i dont want to waste and risk for gambling so i choose playing using Fiat whenever i wanna gamble now.
because i have learned to value my precious currency in my folio so why need to gamble when i have cash to make my habit filled?