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Author Topic: Does Bitcoin price rise affect your gameplay?  (Read 57252 times)
shoreno
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October 28, 2020, 07:39:21 PM
 #41

if we will not mind the price we can play just like the old way but for the gambler that constantly check and mind the price , he will not have a peace of mind and this affect his gameplay .

for me i dont care if what are the price of btc but as long as i have a money to deposit i will play and will deposit same amount of money . difficulty of getting a profit will always be the same , its hard to earn a profit in gambling no matter what is the value of btc .
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October 28, 2020, 07:45:24 PM
 #42

Personally, I don't usually used Bitcoin for gambling because i prefer using the altcoins for their low fees. But the use of Bitcoin for gambling to me is not good as you tend to pay higher in fees. Most of my coins for gambling are majorly altcoins which help me minimize fees, I see those gamblers using Bitcoin to gamble aren't doing any good to their gamble.

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October 28, 2020, 08:52:24 PM
 #43

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

Nothing has changed for me because my deposits have been placed on gambling sites for a long time. In addition, I have enough coins in my wallets that I don't need to buy with cash. If a person does not buy cryptocurrency for cash to place a Deposit, then it is unlikely that anything will change for them.
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October 28, 2020, 08:56:53 PM
 #44

Personally, I don't usually used Bitcoin for gambling because i prefer using the altcoins for their low fees. But the use of Bitcoin for gambling to me is not good as you tend to pay higher in fees. Most of my coins for gambling are majorly altcoins which help me minimize fees, I see those gamblers using Bitcoin to gamble aren't doing any good to their gamble.
The position of altcoins as bitcoin soars is in good condition despite the effect that it gets. Yes, the fees are lower in altcoins but it's different from the psychological effect you get when you gamble with btc. You're even more conscious if you gamble with your btc because you know that it's more important than the altcoins that you're gambling with although you have the option to trade those alts whether you win or lose into btc afterwards. Mostly, gameplay doesn't change if bitcoin's up and you're even crave more to continue.



 

 

 

 

 

 


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October 28, 2020, 09:23:31 PM
 #45

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
A lot of people get pumped up when they see bitcoin's price increase It's totally understandable as the mentality this gives the bettor is that what they usually bag home will become even bigger. However, more players playing means more players losing money in the process, especially for games that restrict to only one or 2 winners.

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October 28, 2020, 09:34:47 PM
 #46

It's not a affect my gaming play in betting amount of bitcoin because even the rise is rising the I bet of  same of amount of bitcoin.
Maybe to the other people they decreased betting amount of this coin because the value is rising but for sure for the others is not.
There is no changes to betting when you are in gambling games but if you converted fiat to bitcoin that's the time that you have less bitcoin so you can bet less also but the value is same.
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October 28, 2020, 09:59:16 PM
 #47

It's not a affect my gaming play in betting amount of bitcoin because even the rise is rising the I bet of  same of amount of bitcoin.
Maybe to the other people they decreased betting amount of this coin because the value is rising but for sure for the others is not.
There is no changes to betting when you are in gambling games but if you converted fiat to bitcoin that's the time that you have less bitcoin so you can bet less also but the value is same.
For people who do tend to accumulate bitcoin without minding its fiat value then betting on the exact amount will really be there but most of the time
where people do depend on whats its current value so it would really be lesser specially if price of bitcoin is soaring that high.On the question does it
really affect my gameplay? no it doesnt when it comes to concentration or some sort but for casual fund management then it do just stick with the
traditional way.There might be some adjustments (which is normal) but overall it isnt really that much off an issue.

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October 28, 2020, 10:24:00 PM
Merited by Bitcasino.io Support (1)
 #48

It's not a affect my gaming play in betting amount of bitcoin because even the rise is rising the I bet of  same of amount of bitcoin.
Maybe to the other people they decreased betting amount of this coin because the value is rising but for sure for the others is not.
There is no changes to betting when you are in gambling games but if you converted fiat to bitcoin that's the time that you have less bitcoin so you can bet less also but the value is same.

There should also be a dependence on how a person counts their losses and winnings. If a person keeps records in bitcoins, then nothing should change for them. But if a player recalculates their winning and losing bets in dollars each time, then the person can start betting less so that they don't need to adjust the statistics calculation.
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October 28, 2020, 10:27:43 PM
Merited by Bitcasino.io Support (1)
 #49

I like this topic, because I am also curious about the members here whether the increase in their Bitcoin price affects their gameplay.
For me it doesn't change much regarding the gameplay when playing gambling, with the increase in the price of Bitcoin in October this
made me reduce the number of bets that I usually use. For example, for sports betting I used to bet 0.005 BTC for one match, after
Bitcoin went up I reduced it to around 0.002 BTC. Likewise with other gambling games, I reduced the number of bets.

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October 28, 2020, 10:34:41 PM
 #50

In the previous bitcoin price rise it didn't but right now it did somewhat affect my gameplay. I had to slightly reduce my bet size not only because of the price but whenever these rise happens the transaction fees and confirmations becomes more costly as the mempool becomes flooded with so many transactions. And I always deposit the smallest amount possible so I don't end up playing way too aggressive.

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October 28, 2020, 10:46:30 PM
 #51

In the previous bitcoin price rise it didn't but right now it did somewhat affect my gameplay. I had to slightly reduce my bet size not only because of the price but whenever these rise happens the transaction fees and confirmations becomes more costly as the mempool becomes flooded with so many transactions. And I always deposit the smallest amount possible so I don't end up playing way too aggressive.

Really expensive these days, that's why those casinos which are accepting other alts like doge is very handy to some players. Since I'm not really a regular gambler, this rise doesn't affect much on my side. As I only gamble when I do have extra, so for me, when I allot that money, I already consider it as loss.
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October 28, 2020, 10:54:35 PM
 #52

This only affects those gamblers that convert their fiat money into crypto for betting.

If a gambler has some nice reserves of crypto, and that's what they used in their gambling activity, bitcoin price has nothing to do to affect their gameplay.

That's why as much as possible, I don't want to use my fiat then convert it to bitcoin for gambling purposes. It will add some pressure to me to always win if the price went upwards.

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October 28, 2020, 10:56:51 PM
 #53

It has not affected my gameplay but it only decreases my regular bet (in bitcoin term). i was taking the dollar value as a price floor to determine how much I will bet on the platform and when bitcoin price is rising. I must try to decrease or adjust based on the current price of bitcoin. There's no change. People who have been betting use bitcoin will be adjusting their bet with the price that's reached by bitcoin and that's it.

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October 28, 2020, 10:58:25 PM
 #54

I do fund my gambling site account on a USD exchange basis so i dont think that the bitcoin price movement affect my gambling hobby. The gambling site I’m using also used USD conversion, on Roobet for example. If bitcoin reaches a new peak maybe i stop gambling for a while and hold my bitcoin until i make a big profit. Gamblers didn't care that much about bitcoin price, we all want to have fun.

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FontSeli
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October 28, 2020, 11:04:43 PM
 #55

I like this topic, because I am also curious about the members here whether the increase in their Bitcoin price affects their gameplay.
For me it doesn't change much regarding the gameplay when playing gambling, with the increase in the price of Bitcoin in October this
made me reduce the number of bets that I usually use. For example, for sports betting I used to bet 0.005 BTC for one match, after
Bitcoin went up I reduced it to around 0.002 BTC. Likewise with other gambling games, I reduced the number of bets.

Do you buy Bitcoins for fiat currencies on every bet? Or do you have Bitcoins purchased in advance and you spend them a little on bets? I'm just wondering why you started doing this. Personally, I have not changed the size of my Bitcoin bets. Of course, if you recalculate the bets on the fiat they have increased significantly, but I bought Bitcoins at least a long time ago, when they cost another 8000.
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October 28, 2020, 11:09:27 PM
 #56

No, I still bet the same amount of btc for every game of mine, since I have enough btc in my wallet to play, I don't need to exchange fiat to btc everytime I play.

The only affects in sudden increase in bitcoin is if ever I win, the value of the amount I won is much higher than my previous game. It is a good situation not only for me but also for every gambler. It does not affect but it is a good motivation to keep on winning.


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October 28, 2020, 11:37:17 PM
 #57

It will only affect my gameplay if I funding my gambling thru my own fiat pocket since I need to deal with the exchange rate.

But if I have saved BTC (which I currently have, as always), then I disregard any BTC price movement as up or down, still, it's 1:1 and just continues with my usual gambling.

It's difficult to focus when you think that you need to win at any cost since the BTC price is expensive to be considered.
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October 28, 2020, 11:47:48 PM
 #58

It will not affect my gameplay no matter what. I don't care about the price of bitcoin or any crypto currencies that I am playing, what matters is either I am winning or I am losing. Another thing is that as long as I can gamble with my money, price change won't affect that.

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October 29, 2020, 12:29:30 AM
 #59

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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Yes it is I now preferred to bet using altcoins than using my Bitcoin I feel that now that the price is increasing I am losing double the amount fo I'm betting I pegged my bet on dollars so when I lose a bet and the price increase after my bet I feel that lose twice of the amount, I prefer to use Dogecoin, Tron or coins that hardly go up.

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October 29, 2020, 02:14:55 AM
 #60

With the bitcoin price now increases, I prefer to use altcoin to gamble. And nothing changes with my gameplay because I want to save my bitcoin and sell it at a high price instead of using it for bets. Besides that, the altcoin price, such as dogecoin and litecoin, is not too high compared to bitcoin. I use dogecoin so far as placing the bet. Using dogecoin, I can buy so many dogecoins at a cheap price, and I can use a small amount to gamble. I don't want to feel sad if I am losing gambling using bitcoin, and if I am losing gambling using dogecoin, I don't feel too sad.
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