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Author Topic: Does Bitcoin price rise affect your gameplay?  (Read 57329 times)
Alucard1
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October 29, 2020, 03:34:44 AM
 #61

Nothing changes in my gameplay because I do not use cryptocurrency in gambling, I usually use dollars for betting so there is no relation between the price of the cryptocurrency to my gambling habit but actually when the price of the bitcoin keeps on increasing I just set aside the gambling because I keep on focus on the bitcoin, maybe that is only what the prices of bitcoin affects me on gambling, nothing special with it.

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October 29, 2020, 03:38:42 AM
 #62

I prefer to quite gambling for a while and collect bitcoin as much as I can. At least I can get profit through to hold it and sell when its price will fall and I will start to gamble. Because now I play gambling using bitcoin that I got from my signature campaign per week. And it seems like that is the best way than spending money that wins or gets a profit from it is only have a few percent and that would be a shame. So, when I got a profit through my holding I use the profit that I got to play gambling and I'll use it as a money that really I can afford to loss.
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October 29, 2020, 04:07:45 AM
 #63

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
Actually i don't use Bitcoin in gambling online instead it is dodgecoin or Ripple since cheaper and less fees .
but profiting in gambling if you are not looking into cash value is not that in effect because it is the coin we use and not when we withdraw.
Nothing changes in my gameplay because I do not use cryptocurrency in gambling, I usually use dollars for betting so there is no relation between the price of the cryptocurrency to my gambling habit but actually when the price of the bitcoin keeps on increasing I just set aside the gambling because I keep on focus on the bitcoin, maybe that is only what the prices of bitcoin affects me on gambling, nothing special with it.
oh well surely there is no effect on you since it is Fiat that you use in gambling while majority of us uses crypto.
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October 29, 2020, 05:03:53 AM
 #64

I prefer to quite gambling for a while and collect bitcoin as much as I can. At least I can get profit through to hold it and sell when its price will fall and I will start to gamble. Because now I play gambling using bitcoin that I got from my signature campaign per week. And it seems like that is the best way than spending money that wins or gets a profit from it is only have a few percent and that would be a shame. So, when I got a profit through my holding I use the profit that I got to play gambling and I'll use it as a money that really I can afford to loss.
A real gambler won't think that way, price may not affect the way they gamble normally unless if you are just a casual gambler, on/off to gambling. Because though the price increase 1BTC is still equivalent to 1BTC (nothing has changed) no matter what will happen. But if we think how much its values if converted into our local money, obviously is a huge sum of money which might hold you and think not to gamble this time. But a real gambler never minds that thing, what is important for them is that they still have money gamble.
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October 29, 2020, 05:19:20 AM
 #65

I haven't thought about it when placing a bet to be honest. I just count how many zeros I add or remove (not a huge gambler I know) then click. Sometimes I ponder the value of my total BTC in fiat whenever I plan to withdraw though. Feels like your luck doubled when you're winning while BTC is pumping.
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October 29, 2020, 05:35:20 AM
 #66

[snip]
A real gambler won't think that way, price may not affect the way they gamble normally unless if you are just a casual gambler, on/off to gambling. Because though the price increase 1BTC is still equivalent to 1BTC (nothing has changed) no matter what will happen. But if we think how much its values if converted into our local money, obviously is a huge sum of money which might hold you and think not to gamble this time. But a real gambler never minds that thing, what is important for them is that they still have money gamble.
Well, right.
Because for me, the rise in the value of bitcoin wouldn't affect me much in my gameplay for the profit that I will possibly gain will be fair as well. Instead, it might only change on how much I should spend in each game because if the value of bitcoins raises then I should lower down my spending if previously I can spend 1 bitcoin in each game then the value rises to 100% then I can lower down by spending into .50 of bitcoin since the value is just the same. We all know that if we spend a certain amount in a game and in a consistent value then the return will be the same if we win. Moreover, -- if we keep on playing while the price of bitcoins keeps on rising then on the succeeding days our bitcoins will be on a higher value.









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October 29, 2020, 06:01:34 AM
 #67

This one doesn't come to my mind whenever I gamble.

It doesn't matter to me whether the price is high or low. If I already put my money in a gambling site, that's it. 5 BTC will remain 5 BTC in the site unless you converted it into USDT and used it for gambling there then its a different scenario. Bitcoin's price only matters for me if I will withdraw my funds (that is only when I won).

Well, most of us are losing in gambling right so why bothering the rise of Bitcoin's price Cheesy.

 
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October 29, 2020, 06:30:22 AM
 #68

All had been into that kind of situation where we will going to stake smaller bets of using bitcoin because bitcoin now is expensive and higher fees also will going to apply.

Anyway, cheaper or expensive bitcoin price what important is that we can still enjoy in gambling. With the help of bitcoin and no KYC will get a gambler a very good experience in gambling.

Another good thing is that we can use other altcoins as well instead of bitcoin. There are many gambling sites accepting other establish altcoins as well.
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October 29, 2020, 06:48:14 AM
 #69

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?

How about you?

Cheers,
Karl
Bitcasino.io

a simple solution would be using an altcoin. which I have been doing this past few days. so my answer is the rise of bitcoin's price doesn't affect my gameplay since there are a lot altcoin to choose from if the price of bitcoin is too high.

Some gamblers think if the price is so expensive it would be difficult to get profits.
it's probably because if they bought bitcoin when the price is high they would have less BTC, so they would have bet less, therefore, less BTC when winning. there is also that the price of BTC drops down after they bought when the price is high.

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October 29, 2020, 07:01:44 AM
 #70

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
Nope because i use altcoins in gambling here online because Bitcoin Fee will kill you in time that congestion is happening and price is Pumping.
So for safe betting i choose Altcoins and it helps a lot for me.
I am not an avid gambler as such and play it for fun. So it might not effect much and also at times uses different coins to gamble depends which is available to me at that point of time. So, it would not affect too much even if the bitcoin price rises because in the end it would be luck while playing games if we win or not.
I don't know if there are gambling sites that accepts Stable coins like USDT ? sorry i am Playing in my old sites in which not offering accepting stable coin for now.

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October 29, 2020, 07:03:52 AM
 #71

Now that I read about this, I never really put much thought into the price of bitcoin until now. I was still regularly playing with $100 in bitcoin every 2 weeks or every month, and it is until now that I realized that we crossed $13k and have been sitting comfortably in it. Honestly this hasn't changed my gambling habits one bit, though the past few weeks I wasn't able to hop on in a casino due to a lot of reasons. My playing stash or spending stash is very different from my hodl stash, so I don't really change much when it comes to the amount or the currency I'm using to play.

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October 29, 2020, 08:23:34 AM
 #72

Whenever Bitcoin  goes up I stopped betting or using Bitcoin and just bet using other coins, like Ripple Doge I felt that I am losing twice of the price of Bitcoin that I bet and lose, but when the price of Bitcoin is going down, that's the time I use it for betting, I still believe that another all time high is coming and could be double of the last all time high.
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October 29, 2020, 08:44:45 AM
 #73


Has it affected your gameplay somehow?

Some gamblers think if the price is so expensive it would be difficult to get profits.


For me the rise in bitcoins definitely made a difference in gambling. In the beginning I used mainly bitcoins to deposit money at online casinos. But since the price is so high now, I tend to deposit with FIAT money instead. And when I withdraw I usually withdraw with bitcoins. So gambling became another way for me to switch FIAT money into cryptos. In general a bitcoin rise shouldn't change our approach to gambling, we can still make profits.
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October 29, 2020, 08:49:39 AM
 #74

Whenever Bitcoin  goes up I stopped betting or using Bitcoin and just bet using other coins, like Ripple Doge I felt that I am losing twice of the price of Bitcoin that I bet and lose, but when the price of Bitcoin is going down, that's the time I use it for betting,

what if you win ? it didnt came to your mind that you can also win big not because of the bet you make in gambling but because the value of btc increased .

 when you bet using the altcoins that you said , that is boring and less exciting because those alts rarely move and this was also the time that btc increase and alts didnt followed  . profit and losses are not the main affection for btc gambling but the speed of transfer and the sending & withdrawal fee are as well affected .
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October 29, 2020, 09:00:59 AM
 #75

Yes, most of the time since I felt guilty every time I spend my bitcoin on gambling and I know its not worth it so I hate seeing Bitcoin pumping after I spend bitcoin this is really hurt.  Cheesy I'd appreciate the value of Bitcoin so I only spend altcoins especially ETH for the past months, in short Bitcoin price affects my gambling decision, I just want to hold it more than to spend it.  Cheesy

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October 29, 2020, 09:02:37 AM
 #76

There is no difference, the ups and downs of the price as long as I have no luck in gambling then it is still a loss. So for me personally, the ups and downs of prices really do not affect the gameplay in gambling and even though there are changes at least it is just an adjustment and I think adjustments in betting are natural because consciously or not those changes will do by every gambler even when they lose and win.

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October 29, 2020, 10:18:50 AM
 #77

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.

This is a very interesting thought process. I would have thought people would become more apprehensive about gambling with BTC and similar high market cap cryptos due to the potential value it may have in the near future. Imagine gambling with 0.2BTC now and you lose, but in December BTC has reached 18k, wouldn't that make you extremely irritated?

The opposite side of the argument could be applied to the opposite scenario but this is not as risky as you'll be benefiting anyway but the risk of losing the initial investment for me doesn't make it worth it. Unless, of course I feel extremely confident about my winning strategy, like you you could do in Poker.
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October 29, 2020, 10:21:04 AM
 #78

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?

Yes because the btc value of my bankroll gets smaller while its price increases every day. It became more difficult to accumulate btc at these times. It also makes your number of bets lesser.

Some gamblers think if the price is so expensive it would be difficult to get profits.

The profit stays the same, but as I have said above if you are comparing it to btc decimals, it gets smaller.
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October 29, 2020, 10:31:23 AM
 #79

Does Bitcoin price rise affect your gameplay? Not really affecting, the more BTC we get when we win.

gambling became another way for me to switch FIAT money into cryptos

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October 29, 2020, 10:48:27 AM
 #80

Does Bitcoin price rise affect your gameplay? Not really affecting, the more BTC we get when we win.

gambling became another way for me to switch FIAT money into cryptos

The sudden increase of bitcoins' value has no direct effect from my gambling experience because it is all about the price of bitcoin itself and not the rates from Casino's or anywhere you can play gambling. The increase of bitcoins' value is useless most especially if you don't have coins. It's all about the quantity, the more coins you have, the more chances of playing.
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