Does Bitcoin price rise affect your gameplay?

[Google+]

At some point yes it affect my gameplay especially my bankroll due to the price rise of the Bitcoin the transaction was also increased and in other words my bankroll was also reduced due to withdrawal and deposit of my Bitcoin to the gambling website but in terms of gameplay I still play the same way and there's no huge changes in my game style.

well I think when the price of bitcoin has an up and down movement it will have a direct influence on gamblers and in my opinion the current rise in bitcoin prices is so fast and when I want to use bitcoin to do gambling I think it will be inaccurate and the gambling place should be prepared to solve the problem that and may provide other altcoin options that can be used for gambling. surely the withdrawal fee will also increase and bitcoin transactions will slow down due to the high demand so maybe trying to add altcoins could be one solution.

[ongkok87]

If the course moves in the wrong direction, it will. If the bitcoin halves in price and you play in the unit of mbtc or btc, for example, then you still feel that you have lost half of the value in money.
This can have the same effect as hitting tilt, after which radical bets are made that you otherwise wouldn't make. That's the downside of playing in crypto and not fiat.

[Darkelf11]

Increased in bitcoin price does not affect too much of my gameplay. But ofcourse, as the bitcoin price continue to rise, there are many things that I should consider like transaction fees for depositing as well as in withdrawing my funds. It is possible that due to the increasing price of bitcoin, it can also affect the transaction fees and also the value of other cryptocurrency coins. Despite all of that,  there is no big changes at all when it comes to my routine or gameplay in gambling.

[Cnut237]

Does Bitcoin price rise affect your gameplay?

It makes me apply an amplification factor to my consideration of winning and losing margins. An extreme example to illustrate the point, but say over a period of time BTC increases in dollar price by 50%. If you start with 1 BTC at $10k, you win 50% so you now have 1.5 BTC... but the dollar value of 1 BTC has increased to $15k... then you now have 1.5*15k= $22.5k worth of BTC. Similarly if you lose 50% so you now have 0.5 BTC, that's now 0.5*15k=$7.5k... so if you are constantly making fiat conversions, then the rising price of BTC might make you believe that your wins are better than they really are, and your losses less severe.

With fiat, $10k becomes either $15k or $5k.
With rising BTC, $10k becomes either $22.5k or $7.5k.

[Cling18]

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 honestly affects my gameplay especially when the value of Bitcoin increases too fast. I usually put limits since I have to consider the transaction fees as well as the amount that I'm going to bet because the higher the price of Bitcoin is, the higher the risk that we're facing as well. I get more conscious and more careful if the increase in price is too noticeable.

[ingiltere]

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?

I don't understand why it should affect, since I check coin prices against USD and play that way. If BTC rises so be it, I make same bet with lower BTC amount.

Usually I make x amount of cash, we call that "kasa", then play with it until it reaches the target or fail. For example make a 0.1 BTC kasa and put 0.2 BTC target. Play with that money with whatever your strategy is. You only play with that amount either you get 0.2 BTC or get swept. You wouldn't affect price changes because you already specified your cash amount and put it in a box at the time of BTC/USD rate.

[Xxmodded]

It is rare for me to gamble with bitcoin as most of the time I use altcoins due to some reasons. Other than that, I have fixed fund for my gambling activity and I set the fund based on my own local currency. Lets say my budget for a week is $100 and I have to gamble with bitcoin, means that no matter how much is the bitcoin price, it wont affect my budget. The number may different in bitcoin but value stays the same in fiat currency. My betting limit per single bet is also limited to a specific value e.g. $2 max per bet. This makes me able to control my budget/money easier than when I have to set my budget in bitcoin as the value is volatile.

I'm not a full time gambler, i used to gamble once in a month but if i were going to gamble and using bitcoin as a bet i can't do it. I treasure bitcoin and wanted to keep it for a long term investment and i believe that bitcoin were worth to keep on as a long term investment. The volatility of bitcoin makes me aware of the things that i should priority first when it comes to bitcoin. And as i can observe that the price movement of bitcoin does affects the gameplay.

I give you a salute that you gamble once in a month because not many people can gamble just once in a month. It seems you can consider that bitcoin is worth keeping and not using for anything except as an investment. If we really care about bitcoin and want to use bitcoin as an investment, we can keep it for some time and only sell if we have a high target price. But many people use the other coins when they see bitcoin price rise higher because that can affect their gameplay.

It is not actually the gamrplay but rather, the coin to be used in playing. Gamblers are conscious of the things they do. In gambling, losing is more certain and using Bitcoin, if it is having a good time in the market, will more likely contribute to their losses not literally. It is just that they would miss earning profit from holding such coin or investment perhaps. In this case, using other mode of payment will be more advisable but if it does not concern you, there's nothing wrong with using it. Just keep in mind to make actions which will more benefit you.

Gambler not give effective how to make bitcoin have higher or lower price, almost all gamble after win will withdraw and make their fund of bitcoin become cash money, never have word for holding their bitcoin because afraid when hold bitcoin or altcoin assets from jack pot with gambling will use to betting again until loss all his fund, so after winning will take for withdrawing and become cash money. Just trader and investor make bitcoin will have higher or lower price but for gambling is not matter what happen with bitcoin have higher or not.

[johhnyUA]

Profit from investing into it will be bigger
and is somewhat less risky perhaps in this situation wherein there is a continuous increase on its market price. But the joy a gambler is having while playing is another thing to consider. But there are other cryptos to be used in gambling if a player is somewhat having guilt of using Bitcoin. Fiat can also be an option of payment method depending on the gambling site you engaged yourself with.

-____-

The same what i talked about. The question was about btc as i know, not about fiat or something like that. Fiat is out of question context.

To play while bitcoin is rising it's not proper decision i think, that's all.

[Zackgeno96]

Profit from investing into it will be bigger
and is somewhat less risky perhaps in this situation wherein there is a continuous increase on its market price. But the joy a gambler is having while playing is another thing to consider. But there are other cryptos to be used in gambling if a player is somewhat having guilt of using Bitcoin. Fiat can also be an option of payment method depending on the gambling site you engaged yourself with.

-____-

The same what i talked about. The question was about btc as i know, not about fiat or something like that. Fiat is out of question context.

To play while bitcoin is rising it's not proper decision i think, that's all.

Fiat is very related to this for some people actually. Many people who gamble have in mind the value of the bitcoin for example. if you've been gambling for a week, isn't it likely that you keep an eye on the price now and then? I think several times a day. You still make the link with how much the value is at that moment. Even though the question is indeed about BTC, for many people the value it represents in fiat does play a role when you are gambling. If you gamble in btc, you see your balance in btc but in your head is the actual rate at that time.

[Bitcoin Smith]

Yes definitely, the price increase of bitcoin will makes the investment in gambling is higher for me and most time price will not matter for me in gambling.

[Oasisman]

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

If Btc price is expensive, so does the transaction fees.
There were numbers of gamblers who has been struggling to put Btc into the gambling website due to high transaction fees and clogged mempool. It has been greatly affecting them for missing some of the game and sports they like to bet because of the confirmation waiting time which usually takes a short while with minimal transaction fees, but It's different today when Btc is rising.

I don't see anything difficult in making profits during Btc bullrun, IMO it's still the same, the only that's changed was the value of the fractions of Btc that you're betting.

[Zeke_23]

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 but not in terms of having difficulty in playing or getting a profit,
But it affects most when I do transfer bitcoin to the gambling site. Fees are higher than usual and if I have used a lower fee, it seems like it will take forever to confirm. So I have no choice but to use high transaction fee compared to previous months.

[Hamphser]

-----

Yes but not in terms of having difficulty in playing or getting a profit,
But it affects most when I do transfer bitcoin to the gambling site. Fees are higher than usual and if I have used a lower fee, it seems like it will take forever to confirm. So I have no choice but to use high transaction fee compared to previous months.

When you read up in most people rely here where they do most concern about the fees and not to its value.We are already presuming
that it will happen once it do increase its price but doesnt mean that each rise will really be having an effect to those people who do really
like to gamble.They can make use of it as they want neither on a clogged network where you do need to pay up fees or simply skip out and
just comeback for another day and might the fees had already normalized again.We having some same approach when this situation do happen.

[Renampun]

looks like it won't have a big effect on my gameplay...
I will definitely continue playing normally on the site. maybe I will not deposit or WD with Bitcoin because the possibility of the fee being charged will be high.

[shield132]

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

As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers. From my perspective and experience, I can tell that when the price rises, users usually try to hold it instead of spending. Also, most of the times users build a strategy according to current price of bitcoin in USD. If I can do 100 bet of 0.0001 bitcoin and it worths 0.01 BTC (140 USD), then tomorrow I won't be able to bet the same amount because bitcoin's price has risen up to 20K (for example) and I have to bet lower amount cause I focus on USD. But most of the users bet lowest possible bet, so in this case, it happens like these users gamble less because they can't afford more when the price of BTC is high.

[xSkylarx]

As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers. From my perspective and experience, I can tell that when the price rises, users usually try to hold it instead of spending. Also, most of the times users build a strategy according to current price of bitcoin in USD. If I can do 100 bet of 0.0001 bitcoin and it worths 0.01 BTC (140 USD), then tomorrow I won't be able to bet the same amount because bitcoin's price has risen up to 20K (for example) and I have to bet lower amount cause I focus on USD. But most of the users bet lowest possible bet, so in this case, it happens like these users gamble less because they can't afford more when the price of BTC is high.

Some players shift to other cryptos like eth or ltc to continue their habit everyday. Though the USD profit may not that big I've seen some gamblers actually do that. Profit doesn't matter that much to them as long as they can gamble with the amount they can spend.

[Bitcasino.io Support]

As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers.

Hi shield132,

Thanks for your interest in sharing our experience in price changes.
Based on our observations when crypto prices moved up and down a lot more: 80% of customers are price insensitive (BTC price hasn’t impacted their gameplay), 15% price sensitive (they have reduced bet size) and 5% inverse price sensitive. In Bitcasino it's possible to play in both mBTC and uBTC. As 1 mBTC = 1000 uBTC, you can make smaller bets using that. And if you are focused on USD price, you have an option to play with Tether since 1 USDT equals 1 USD all the time.

Cheers,
Karl
Bitcasino.io

[BlackFor3st]

Bitcoin price is not a problem to me at all even if it continues to increase it's price as it is my hobby to gamble and I am already
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.

But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.

[Fredomago]

As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers.

Hi shield132,

Thanks for your interest in sharing our experience in price changes.
Based on our observations when crypto prices moved up and down a lot more: 80% of customers are price insensitive (BTC price hasn’t impacted their gameplay), 15% price sensitive (they have reduced bet size) and 5% inverse price sensitive. In Bitcasino it's possible to play in both mBTC and uBTC. As 1 mBTC = 1000 uBTC, you can make smaller bets using that. And if you are focused on USD price, you have an option to play with Tether since 1 USDT equals 1 USD all the time.

Cheers,
Karl
Bitcasino.io

Gamblers always a gambler I guess, if they are using bitcoin then most of those gamblers will continue based from your own
observations there's no big impact as expected.

Same game same amount of money to play in, that's most gamblers do only those who are not engaged that much will be more sensitive and will adjust accordingly.

And with that stats, it's only proves that gamblers behaviors are not affected with any certain
changes in terms of value, it will continue as it is bitcoin still bitcoin.

[abel1337]

Bitcoin price is not a problem to me at all even if it continues to increase it's price as it is my hobby to gamble and I am already
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.

But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.

Indeed, it could not be a problem but for a new gambler in the cryptoworld maybe it does. Yes it can affect I think starting the amount of bitcoin to be bet. And the transaction fee will increase I think as well, so maybe I will reduce my bet in a bit, and everytime I will win I will make it half and save the other half of it. Bitcoin price will motivate me to gamble more, but it will take a risk because if you lose the price equivalent in usd is not the same before.