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Author Topic: Does Bitcoin price rise affect your gameplay?  (Read 57250 times)
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October 28, 2020, 01:53:00 PM
 #1

Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
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October 28, 2020, 01:58:34 PM
 #2

Nothing change I think I have much money now due to the increase price and so it means I can play with my bankroll longer than it's supposed to be. I'm betting now with a lower amount of Bitcoin I always bet based on USD and not on Bitcoin so I think there would be a change in my gameplay.

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October 28, 2020, 02:03:18 PM
 #3

Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
Bitcasino.io
well I think the increasing price movement of bitcoin will make us confused about using bitcoin as capital for gambling because the increasing exchange value makes us think that when the wrong bet will make us lose a lot of money, so if that's what we're afraid of then maybe the place gambling can provide the option of using altcoins whose exchange value is still cheap so that when you lose it won't make us regret because the value of bitcoin is currently rising.

It's a different case if gamblers are lucky they can get a lot of profit from using bitcoin to gamble, but unfortunately no one knows and no one can guarantee when that luck will come.

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October 28, 2020, 02:05:53 PM
 #4

The gameplay remains the same but the betting amount has changed a lot. But even before the recent price increase happens, I have already preferred to gamble with my altcoins rather than my little amount of Bitcoin. Sometimes it is really hard to gamble when you know very well that the cryptocurrencies you are playing with are increasingly becoming high in value.
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October 28, 2020, 02:21:03 PM
 #5

If I say my thinking about other gamblers then yeah, it' normal that when the bitcoin/market price start to rise most of the gamblers and even most of the start to be more active even after long time inactivity. It's normally happen phytologically IMO.
Now if I say about me, to be honest I gamble rarely. And after price improvement of bitcoin nothing changed happen to me basically in gambling cases. Smiley

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October 28, 2020, 02:27:15 PM
 #6

It's not affecting my gameplay because I don't use bitcoin to gamble. If the bitcoin price rises, the altcoin will go down, which can help me get more amount of the coin that I used to gamble. I feel that bitcoin is too worth for me if that is just for a gamble, and I prefer to hold my bitcoin or trade to increase the bitcoin amount. But if I can win the games and get more of the altcoin, I will convert it into bitcoin, so I think that can give me more satoshi.

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October 28, 2020, 02:35:53 PM
 #7

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

No big change in my case.
People are looking mostly in dollar value when they place bets, so I think they bet more in terms of dollar but they spend less bitcoins.
For me 1 bitcoin is still 1 bitcoin Wink

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October 28, 2020, 02:36:22 PM
 #8

Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
Bitcasino.io

Yes, indeed! Normal fluctuations in bitcoin price doesn't really affect, but definitely yes when I see such kind of price increase! Even though the market is again going down at the time of writing but my weekly budget in dollar value has increased due to the price rise. So I have playing with less units of bitcoin.

So for me, the price increase definitely affects my budget as I don't play with a lot of money anyhow. But I try to reduce the bitcoin units during such kind of price rise!

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October 28, 2020, 02:38:59 PM
 #9

Actually I don't see any effect of the price spike of Bitcoin to my gameplay I'm based my bet on Bitcoin like betting 0.001 fixed and the likes.
And the price rise of Bitcoin really doesn't affect maybe if I withdraw it and convert it to fiat there could I see the effect of it.
Let's just hope it will stay on the current price or maybe should increase more.

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October 28, 2020, 02:41:45 PM
 #10

I wouldn't think that it would be more challenging; it's just that you are risking a hell of a lot more money; when you convert your BTC, it's going to be mentally challenging to gamble the same way. Imagine back then when BTC is still in its early days. Most of the gamblers that lost $100 ago then should be worth millions. It's always about value, IMO.

Profits would still vary on how much you are willing to risk so it would definitely change with the fluctuation of price.

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October 28, 2020, 02:49:40 PM
 #11

For me it affects a little knowing that my currently Bitcoin I'm holding worth more than just last week or so and I really thinking if I should stay with my current bet or should I reduce it. Well this is an interesting topic I might get some ideas from other players on what will they do knowing that the price of Bitcoin is increasing.

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October 28, 2020, 02:52:12 PM
 #12

It's not affecting my gameplay because I don't use bitcoin to gamble. If the bitcoin price rises, the altcoin will go down, which can help me get more amount of the coin that I used to gamble. I feel that bitcoin is too worth for me if that is just for a gamble, and I prefer to hold my bitcoin or trade to increase the bitcoin amount. But if I can win the games and get more of the altcoin, I will convert it into bitcoin, so I think that can give me more satoshi.

I would never desert my bitcoin for the sake of gamble, instead i will use altcoin to earn bitcoin. I can't afford to take risk my bitcoin, i can't afford to lose it because bitcoin was worth enough to keep and hold than to trade or gamble. But in altcoins i cannot either afford to take risk my ethereum i will either gamble my binance and other altcoins instead. There are some altcoins that were good for gambling aside from binance. It is up to our references which one will be good enough for gambling.

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October 28, 2020, 03:08:14 PM
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 #13

Gambling is gambling. The higher price of bitcoin does not really affect my gameplay at all. For me, gambling is a sort of entertainment, and bitcoin ( as well as other cryptocurrencies) is just a form of transaction which help me to access the casino. And I believe that every penny I have deposited to a casino only has one purpose: only for games, games, and games.

I acknowledge the power of managing your money so that I always split my money into several parts. And clearly, there is a part call gambling money. I have already saved a lot of cryptocurrencies in my personal wallet so that nothing bothers me while having fun on the internet

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October 28, 2020, 03:15:40 PM
 #14

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.
Is it not the other way around, if the price starts to rise it will be easier to get the profits in terms of dollars valuation Grin . If you are gambling on the go and if you need to purchase the coins when ever you gamble then it is not a good situation but other than that anyone who gambles does not really care about the price and as a gambling site representative you know better than the rest of the general users Wink.
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October 28, 2020, 03:22:55 PM
 #15

Not much. But sometimes if casino doesn't change the minimum bet, I think it will affect some users including me. For example, some casino asks minimum bet of 10k sats which was ~$1 while it has now turned into ~$1.3, in case it worths more than current price, I will certainly be neglecting the site which requires minimum bet of 10k sats as I place a lot of bets on tennis someday. I believe there are a lot of people who bets small amount on a lot of matches.
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October 28, 2020, 03:32:20 PM
 #16

I don't understand that statement  "Some gamblers think if the price is so expensive it would be difficult to get profits".  This may be the case for those who are trading bitcoin, but I'm not sure how this applies to gambling?  Personally if the price of bitcoin does rise, then I tend to bet a little more since I now have more that I'd be willing to lose. 

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October 28, 2020, 03:34:15 PM
 #17

Not that much since I still keep the same amount of Bitcoin bet as before no matter what the price of the Bitcoin is. So in overall my gameplay still the same even if it rises or even if dumps but I think it depends if the gambling casino have a feature of you can look at your balance in $ or €

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October 28, 2020, 03:51:19 PM
 #18

Honestly, it doesn't really affect my gameplay or how I gamble because whether bitcoin's price increase or decreases, I still lost and managed to win a considerable profit in gambling. I only get motivated to hold all of my bitcoins when bitcoin's price pumps up, which is why I temporarily stop playing gambling for a while. So I could able to maintain my long-term investment until bitcoin reaches its ATH again.

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October 28, 2020, 04:08:01 PM
 #19

Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
Bitcasino.io
It it affects my play in the sense that when I see the price of bitcoin going upward obviously I want to keep it and get part of those profits and when I do gamble I also adjust down the size of my bet accordingly because even if I am playing with the same amount of bitcoin the fiat value of my bets has go up and I try to compensate, other than that nothing changes and I keep gambling for as long as I want and get the same amount of fun I did when the price was lower.

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October 28, 2020, 04:08:27 PM
 #20

I don't really think it affects on how I play in gambling casinos and sports betting my bet is still the same as before I think that's the great thing in playing with cryptocurrency I just consider them as playing token and doesn't care about its price so I think no matter what price it is low or high as long as there's no change in the minimum or maximum bet on a casino or sports betting site it wouldn't affect my game play.

.
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