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Author Topic: Which cryptocurrency do you use for gambling frequently?  (Read 628 times)
Hippocrypto
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March 24, 2020, 11:54:40 PM
 #101

I have seen users who use USDTs in times like this that volatility is very frequent so that they can invest with a stable currency.
The reason to set aside money for gambling is a good method.
I also think about how the Casinos are closed, gambling online will be a good option. However, we must play with caution due to the instability of the crypto price.
The reasons are varied for not using the volatile altcoins for gambling but stable coin idea is going to save the person from the price fluctuation. The unstable prices have a high level price fluctuation in USD but this volatility can increase the fiat equivalent at the end or vice versa. I can't see any difference using the stable crypto assets in crypto casino websites or fiat in normal gambling platforms except anonymity.

That always depends on the preference of each user whose able to sustain on the long span of time while enjoying gambling. What I see here is that using bitcoin for the purpose of virtual gambling, is the most in demand in terms of cryptocurrency adoption. Other alternative coins was only the least priority for everybody, so it's very important to determine on which betting games you are picking up.
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March 24, 2020, 11:59:51 PM
 #102

Ive been using several coins like DOGE on most platforms specially when dicing but for other platforms i do make use of EOS. Ive been accumulating Bitcoin and im not tending to use it on gambling purposes or wasting it up since we know its potential value in future years and when lucky i do convert those alts into bitcoin and repeat the whole process as long i do able to save up btc on stash.

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March 25, 2020, 12:22:00 AM
 #103

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.
What casino you use for USDT deposits? a gambler will be caught responsible if he knows how to manage his finances and separates budget from gambling and other stuffs like investments and needs.

Conservative investing in btc should be the most priority of course and it is good that we have alternative cryptos' in the form of altcoins that many casinos are supporting it already.



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March 25, 2020, 09:59:13 AM
 #104

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.
What casino you use for USDT deposits? a gambler will be caught responsible if he knows how to manage his finances and separates budget from gambling and other stuffs like investments and needs.

Conservative investing in btc should be the most priority of course and it is good that we have alternative cryptos' in the form of altcoins that many casinos are supporting it already.
You absolutely correct but the last time i check 5% of all gamblers can manage his finances very adequately because game buzz are usually hard to control and i think the best way to manage ones finances is by knowing the right to gamble and the time to call it quit. However, gambling with altcoin like doge is one of the basic tips.

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March 25, 2020, 11:34:06 AM
 #105

I use and I will continue to use bitcoin to bet, for large bets, I also use doge coin because its transactions are fast when I have to make a last minute bet / gambling, however, given the market trend, I think I will also add  ethereum to the list of coins that I use...
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March 25, 2020, 02:16:13 PM
 #106

depending on the gambling site, I don't fully use Bitcoin, if there are other coin options then I will use it because the Bitcoin transaction fee is higher than the others.

I use and I will continue to use bitcoin to bet, for large bets, I also use doge coin because its transactions are fast when I have to make a last minute bet / gambling, however, given the market trend, I think I will also add  ethereum to the list of coins that I use...
dogecoin is very good for the transaction while gambling, I also play on Bitvest and for transactions I prefer to use dogecoin rather than bitcoin.

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March 25, 2020, 03:43:57 PM
 #107

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.
What casino you use for USDT deposits? a gambler will be caught responsible if he knows how to manage his finances and separates budget from gambling and other stuffs like investments and needs.

Conservative investing in btc should be the most priority of course and it is good that we have alternative cryptos' in the form of altcoins that many casinos are supporting it already.
You absolutely correct but the last time i check 5% of all gamblers can manage his finances very adequately because game buzz are usually hard to control and i think the best way to manage ones finances is by knowing the right to gamble and the time to call it quit. However, gambling with altcoin like doge is one of the basic tips.
The best way is when the gambler experiences the hardship and other downsides of losing. That will make him to manage his finances better and will only use a specific allocation for gambling.

He won't do the same mistake if that happens.



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March 27, 2020, 07:56:35 PM
 #108

Quite sometimes I used ETH but mostly I used Bitcoin since from the day I tried gambling. I often confident of using them both knowing that most gambling sites are only accepting Bitcoin and so we have no option but to use it instead. Even though Bitcoin's price is low but still, I'm using it no matter how it cost.
But because of the global market issue that we've been facing today, I have to limit my bet.

If the bitcoin price is rising more than $10,000, I think it is not good to gamble using bitcoin because when we play gambling, the chance to get lost will wide open. So imagine if you use 0.01 Qbtc for gamble and suddenly, you lose all of the bitcoin, that will make us lose in a large amount although for some people, losing 0.01 btc is okay. I prefer to use altcoin like ethereum, litecoin, dogecoin, or else to gamble because the value of the altcoin is not the same as bitcoin, so that will not makes me sad if I lose all of the amounts. But I always limit my bet as you because I don't want to see I've got lost in one day, and I still want to use that money for gambling in another day.
At the end of the day as long as you are gambling responsibly I do not see the issue with gambling with bitcoin, you may think you are protecting yourself by gambling with altcoins but the truth is that altcoins can give great profits as well so it could be argued you are missing even more money by gambling with good altcoins like ETH, with that in mind I do not really think it matters that much which cryptocurrency we use to gamble as now the majority casinos accept most of the popular coins in the market.

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March 27, 2020, 11:28:55 PM
 #109

Of course the separation of funds is indeed very necessary to later make it easier for you to calculate all costs spent, but if it relates to the use of coins that are more stable or not because the situation is always changing, I personally will continue to use bitcoin, no matter the low price because I will not immediately cash in profits and at least will be used to gamble on other occasions until I will cash in when the price has increased.

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March 28, 2020, 04:01:49 PM
 #110

this is caused by a sharp market decline, so all coins are affected.
The gambling site I used to play closed all other deposit types of coins except BTC maybe because of this factor they lost because they held a few coins and sold them late when the market went down.this will also reduce the number of people who will deposit using crypto because the BTC fee is quite expensive for one transaction.

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March 28, 2020, 09:30:57 PM
 #111

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.
What casino you use for USDT deposits? a gambler will be caught responsible if he knows how to manage his finances and separates budget from gambling and other stuffs like investments and needs.

Conservative investing in btc should be the most priority of course and it is good that we have alternative cryptos' in the form of altcoins that many casinos are supporting it already.
You absolutely correct but the last time i check 5% of all gamblers can manage his finances very adequately because game buzz are usually hard to control and i think the best way to manage ones finances is by knowing the right to gamble and the time to call it quit. However, gambling with altcoin like doge is one of the basic tips.
The best way is when the gambler experiences the hardship and other downsides of losing. That will make him to manage his finances better and will only use a specific allocation for gambling.

He won't do the same mistake if that happens.
Apparently, thats not how things works mate because managing of finances is something difficult but every individual understand and maturity in taking the right measure when making decision determine for i have seen a gambler on this forum which was experiencing hardship and decided to gamble all his budget with the believe of making huge fund in return.

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March 28, 2020, 11:54:02 PM
 #112

this is caused by a sharp market decline, so all coins are affected.
The gambling site I used to play closed all other deposit types of coins except BTC maybe because of this factor they lost because they held a few coins and sold them late when the market went down.this will also reduce the number of people who will deposit using crypto because the BTC fee is quite expensive for one transaction.
There is a decline in numbers who are in gambling because they also saving their money as the situation might be worrying.
Yeah, transaction fees could be somewhat given a reason not to use BTC but if you are really in gambling addiction, it doesn't matter at all.

More often, gamblers are using Bitcoin than of other altcoins or even ETH, most gambling sites never accept altcoins that give no option to take if you are using that particular site to play. And also, most of us holding Bitcoin that is why we are more entertain to use this as it serves to have its purpose.



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March 29, 2020, 01:55:30 AM
 #113

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

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March 29, 2020, 03:03:19 AM
 #114

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.
But the thing is,  gamblers are now used to gamble with btc and even the market is declining; they are still using it because it is where they are comfortable. I do gambling also and I also use BTC in gambling, the majority of the gamblers are using bitcoin for gambling. For me it is more convenient than to use any alts but the bad side is the fee that can considered as expensive.
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March 29, 2020, 03:07:52 AM
 #115

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.
But the thing is,  gamblers are now used to gamble with btc and even the market is declining; they are still using it because it is where they are comfortable. I do gambling also and I also use BTC in gambling, the majority of the gamblers are using bitcoin for gambling. For me it is more convenient than to use any alts but the bad side is the fee that can considered as expensive.
I also frequently use bitcoin as coin for me to gamble, but there are times that I use xrp or eth in gambling sites that have feature about using and depositing alternate cryptocurrencies. But the thing is it is not really important on what coin that we are using when we gambling because the important thing is we should make money when we do gamble in order to grow our fund.

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March 29, 2020, 04:21:29 AM
 #116

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

I also do not deposit using Bitcoin although it's popular among the gambling sites, I prefer Doge or XRP if there are options to deposit with these coins it's faster cheap and convenience I once deposited Bitcoin but it took 6 hours to confirmed the transactions and I even use a transaction accelerator to help the transaction.
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March 29, 2020, 05:20:23 AM
 #117

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

I also do not deposit using Bitcoin although it's popular among the gambling sites, I prefer Doge or XRP if there are options to deposit with these coins it's faster cheap and convenience I once deposited Bitcoin but it took 6 hours to confirmed the transactions and I even use a transaction accelerator to help the transaction.

Normally it does not take 6 hours for the BTC transactions to be confirmed. Most of the transactions are confirmed in 30 mins if you put the recommended tx fee. Most probably you have put the minimal tx fee and that's why it took you 6 hours to confirm. I also use bitcoin too while playing gambling, becasue i transfer one time big amount in gambling site to save tx cost, and keep on playing with that balance.

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March 29, 2020, 06:23:02 AM
 #118

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.

I also do not deposit using Bitcoin although it's popular among the gambling sites, I prefer Doge or XRP if there are options to deposit with these coins it's faster cheap and convenience I once deposited Bitcoin but it took 6 hours to confirmed the transactions and I even use a transaction accelerator to help the transaction.

Initially used to think crypto is the best but then realised that it is highly risky to use cryptos because in gambling the results more or less when I play is known as I play for enjoyment and losing streak is higher in my case So eventually I end up losing good coins and later on the price rises of this coins. So I even miss out the money making opportunity if I had hold those coins.


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March 29, 2020, 06:51:41 AM
 #119

Initially used to think crypto is the best but then realised that it is highly risky to use cryptos because in gambling the results more or less when I play is known as I play for enjoyment and losing streak is higher in my case So eventually I end up losing good coins and later on the price rises of this coins.
Forget about its price rising as it could also dump, there's no guarantee and it's just based on timing.
You are not an investor or a trader when you are gambling, you should not mix up things so it will not confuse you and that will not affect your game plan, make some schedule that will let you regularly cash in and cash out, and that's it.

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April 01, 2020, 04:53:38 PM
 #120

With the market declining, it is not wise to gamble with BTC. Especially the transaction fee in using major crypto such as ETH and BTC. That is why gambling platforms with several alternatives such as XRP, DOGE, TRX and other alts is a good attraction for convenience.
But that is only true if you are holding altcoins like those, if you are only holding bitcoin like the majority of the people in the forum then if you want to gamble you have no option but to gamble with bitcoin, since it does not make sense to convert your bitcoin into altcoins since now you need to pay a transaction fee and pay a fee to the exchanges well and finally you will need to pay a transaction fee to transfer your coins to the casino, as such I do not see the point of forcing yourself to gamble with altcoins if you do not have them and you are only holding bitcoin at the moment.

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