Does Bitcoin price rise affect your gameplay?

[rodskee]

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.

actually the concern of most wanna profit is when they converted the coins into fiat,since the Crypto on their accounts increased the value then better sell them off to fiat and start gambling using fiat,the difference is bigger because the value in Fiat might be doubled when the prices goes up.

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.

Well some uses ripple or doge when this kind of situation happens because congestion happens in Top currencies and it is the Fee that will hinder you to withdraw,having cheap coins means cheap fee and faster withdrawals.

[traderethereum]

Gamblers always a gambler

It will not stop gambler from playing gambling, no matter if bitcoin price rise. With the bitcoin price now has been a rise, I guess many gamblers still playing their favourite gambling games.
The gambles have many other options that can be used for the bet if they worry about seeing their bitcoin amount reduced.
Even if the gambler adjusts their amount to bet, they don't stop it because they like to playing gambling.
Maybe they don't think about winning and losing because they want to enjoy the moment in playing gambling.

Well some uses ripple or doge when this kind of situation happens because congestion happens in Top currencies and it is the Fee that will hinder you to withdraw,having cheap coins means cheap fee and faster withdrawals.

I prefer to use doge than a ripple. Although both ripple and doge has a low fee, I still like to use doge.
Using cheap coins will be a solution to playing gambling if we don't want to use bitcoin to place a bet.
The price of bitcoin rises, and that can cost us to pay a high fee which we can avoid by using the altcoin.

[RealMalatesta]

Thanks to metamask, decentralized casinos and many other stuff, we have seen basically a lot of people who moved to using their ETH to gamble via connecting with their wallet (ie : metamask) and gamble in and out very quickly. Which shows that bitcoin price does have an affect a bit on the price, but the reality is that ETH has a lot more impact or will have more impact if you ask me.

The people who care about the price will not be the majority, most of us care about the dollar terms and I do not care how much it reflects on the bitcoin amount, with this new casino dapps plus being able to focus solely on the dollar terms we are talking about nothing really drastic when price of bitcoin changes, it is something we all come to expect from bitcoin to move anyway so we take that risk while gambling.

[Kelvinid]

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.

Gamblers will still keep gambling no matter how much is the price of Bitcoin, but we can't deny also that some will tend to limit their fund to gambling due to the fees increase. yeah, it possible the volume of gamblers will be lowered down and affects the bankroll. If the situation will keep rolling high, I'm in no doubt that more gamblers will stop gambling just to save the fees and wait for the price to dump especially for casual gamblers.

[Natalim]

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.

Gamblers will still keep gambling no matter how much is the price of Bitcoin, but we can't deny also that some will tend to limit their fund to gambling due to the fees increase. yeah, it possible the volume of gamblers will be lowered down and affects the bankroll. If the situation will keep rolling high, I'm in no doubt that more gamblers will stop gambling just to save the fees and wait for the price to dump especially for casual gamblers.

Gamblers who bet only a small amount of money might not love the transaction fee at the moment, so it has a significant effect since most of the gamblers in crypto casinos are just small time gamblers, and if they stick with bitcoin, they can't gamble as the moment they send the money, they already lose some bucks for the transaction fee. However, if they will research enough, for sure they can find other options which is using an altcoins to gamble.

[Reatim]

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

Absolutely yes because my gambling coins are always stays in gambling sites that i use to play meaning i sometimes add crypto each time i had extra money to spare so everytime i wanna play then i have some amount to spend.
meaning that those coins might be bought when the price is too low?or in the middle so when time comes that Bitcoin price rose high then what i will do first is to take those crypto out and convert to Fiat.
Then i will decide to buy Cheap coins to use for gambling bets?or maybe use fiat and play in Fiat running casino just to release my eagerness to gamble.

[proTECH77]

No, I gamble base what I will achieve from the game. I don't care about the fees either high or low what I care is to make sure I win the game successful. Recently many gambler are now gambling because of bitcoin rise thinking, that is the easy way to win.

[South Park]

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.

I have seen the same, people are complaining that the fees are too high and it is taking a very long time to get a confirmation and without it they cannot gamble at all, while some may not consider this to be a problem if you are looking to make a transaction with a low amount of bitcoin it is entirely possible the transaction cost is going to be bigger or at least be a significant part of the value you are trying to send in which case it does not make a lot of sense to send that money over to the casino.

[XZERO1]

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.

Realistically bitcoin or crypto in general is highly volatile and even if bitcoin was at $5-6k range it still could go down at anytime if the concern is that bitcoin being this much up in the last few months means it could now dump in price suddenly and you would lose USD, if you're so concerned with bitcoin price you should maybe withdraw and exchange to Fiat more often, that's why I think it would be way better if more casino websites had a built-in exchange so that the user could exchange their balance to USD at anytime, or they could just give you an option so that you can turn the bitcoin you're depositing to USD at the time of arrival and when it is confirmed so you don't lose any Fiat due to the price changes if you don't want to.

[Oshosondy]

I bet normally, I do not see any issue bitcoin price increase is given at all, I have a percentage price I bet with, I convert the dollar to btc first before making betting.

I have seen the same, people are complaining that the fees are too high and it is taking a very long time to get a confirmation and without it they cannot gamble at all, while some may not consider this to be a problem if you are looking to make a transaction with a low amount of bitcoin it is entirely possible the transaction cost is going to be bigger or at least be a significant part of the value you are trying to send in which case it does not make a lot of sense to send that money over to the casino.

You are right, the transaction cost is another issue, but, as of recent, paying $2 to $3 worth of bitcoin as fee is not bad at all to transfer $100 or more, this is the range of low transfer fee for now, within 2 to 3 hours, the transactions will be confirmed. But, if the people not satisfied with that, they can make use of altcoins like litecoin as payment. 

[bitbunnny]

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.

Yes, it's quite a tricky situation. One the one hand Bitcoin price rise motivates us even for more gambling and on the other that same reason plus increased fees might influence our habbits in terms not to spend Bitcoin for gambling.
If the price continues to rise I think I might gamble less in crypto casinos.

[Danslip]

Normally, I prefer to wait for stable or flat market prices in order to withdraw the funds from crypto casinos. If the BTC rate is fixed on the website or the system automatically converts the crypto to floating coins, I will not hesitate to do what I was doing before the uptrend/downtrend. The 30% increase in the market can change my mind but it is meaningless to take gambling seriously if there is an opportunity on the trading crypto markets.

[famososMuertos]

It is relative if you operate in a 100% bitcoin betting environment and you are not interested in a withdrawal to fiat, the price is only a query.
But if you are a player who subsists between the two worlds, bitcoin and fiat, you may suddenly want to make adjustments according to your goals in fiat currency.

And you may find that you need to make adjustments to the size of your bets. In my case I am still the same, I base my bets on 1: 100 of what I have destined to bet.

[fishbonez11]

Nope.

I mainly gamble using my fiat and other online currencies. There were times that I used my bitcoins as a fund for online gambling but nowhere did I exceed spending more that what I have initially planned for. Bitcoins are too precious for me to just gamble them away and I would opt to invest them than to use them for gambling. Being a currency that is scarce and difficult to acquire, the potential of investment is just too difficult for me to let go.

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.

Agree with this, when betting you see bitcoin as it is not as a dollar. The change in price will only matter when you have to convert to convert your bitcoin to fiat. If you are more concern with the value, its better if you will allocate an amount you'll spent for the game, this will cause you not to think more of the bitcoin price since you set in mind that this is the particular amount you'll only use. But actually, the in price doesnt affect so much.

The problem that I had when I tried gambling with bitcoins was the withdrawal fee from these gambling sites. They were just too expensive and significantly high that heavily discouraged me from gambling away my bitcoins. That is why I opted to choose fiat or altcoins to gamble instead of bitcoin due to the high transaction fees that occurred.

Its either you just keep it there or spend good amount to withdraw. Another option would be to optimise your transaction fee, the downside is getting it late. The greater fee you spend, the instant transaction will be. Using Fiat or altcoin is a good move, there are altcoin that demands really small amount of fee.

[BestBitcoinCasino]

One of the advantages of playing with crypto is that you have option to do all the transactions from and to your wallet, so you're just technically playing with BTC for example without worrying about its conversion. So in this case, no it doesn't. The same cannot be said, however, if you're playing in a Bitcoin-friendly casino that simple converts your BTC deposit to fiat and fiat withdrawals to BTC. This is where most players become more conscious about the BTC price imo

[Question123]

Yes as of now it's effect my gaming play because the value of the bitcoin is rising it's hard for me to spend the bitcoin amount because the value is rising and once I lose my bitcoin in playing gambling more of my money gone.

Decrease the amount of bitcoin that we use becauss the price is rising and we need to be vigilant of using it because when player play sometimes they did not notice that bitcoin is a huge money they think once they use it is only a coin but actuall there is a huge convertion of that coin so always spend it wisely.

[perla]

Well it doesn't really affect me that much but I reduce my bet but not that much so I think that's the only effect of the Bitcoin's price to my gambling habit but for the gameplay. It's still the same.

[South Park]

I have seen the same, people are complaining that the fees are too high and it is taking a very long time to get a confirmation and without it they cannot gamble at all, while some may not consider this to be a problem if you are looking to make a transaction with a low amount of bitcoin it is entirely possible the transaction cost is going to be bigger or at least be a significant part of the value you are trying to send in which case it does not make a lot of sense to send that money over to the casino.

You are right, the transaction cost is another issue, but, as of recent, paying $2 to $3 worth of bitcoin as fee is not bad at all to transfer $100 or more, this is the range of low transfer fee for now, within 2 to 3 hours, the transactions will be confirmed. But, if the people not satisfied with that, they can make use of altcoins like litecoin as payment.  

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

[7788bitcoin]

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

[l3pox]

imho it's much easier to separate part of money for betting and consider the first value you sent, USD to USD or BTC to BTC.
if you keep gambling money separate from trading or investment money bitcoin price changes shouldn't affect your view on that.

but of course, if you have to sell btc for some reason and consider that the first btc to sell would be the one on gambling websites, could be a possibility.