Does Bitcoin price rise affect your gameplay?

[Fatunad]

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.

One of the pros when you do use up DOGE and other coins which have cheap value is that you would able to make up bets with lots of coins but in reality its just really that cheap thats why it happens
but i do agree on the feeling that it gives  that you are believing that you are hell of a rich guy who have tons of coins but well its just a feeling.lol. On the question of bitcoin price rise affect my gameplay?
No it doesnt because im not depending into its satoshi count but always basing up on the fiat value and if in the past i do play with 10 bucks equivalent to btc then thats still im doing at the moment.

[sotoshihero]

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.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

[Fundamentals Of]

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.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

It looks expensive but you can always play the same amount in USD with Bitcoin, Doge, Litecoin, or XRP. It actually does not matter which cryptocurrency you are playing with if you just want to play a fixed amount of dollar in every bet. But like you said sometimes it really feels like if you lose Bitcoin you are losing a lot. Perhaps it has something to do with the very high prospect of Bitcoin's growth in the future.

[yazher]

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

As you said Altcoins like XRP is really helpful when the price of BTC is rising and the current price of XRP doesn't give us some hard time to transact with it. unlike bitcoin and sometimes ETH does have some high transaction fees. When you spend them like spending on transaction fees the payment doesn't make any sense at all. since you have so many options like converting it to XRP before sending it to your own wallet, you can discount a decent amount of money.

[onecall123]

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.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

Bitcoin price soaring up again as well transaction fees having skyrocketed, it charges around 5$ to 10$ or may vary on current demand of network fees over the last couple of months. Technically it's smart move make withdrawal any other alternative currencies to reduce big network fees and become profitable when you're moderate user.

[South Park]

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.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

I will admit that the recent substantial growth that we have seen in the market of bitcoin has affected my gambling a little bit, and it makes sense really when you think about it, the price of bitcoin is going up very rapidly and there is a potential that is going to go up even more so it is natural to not want to spend your bitcoin when that is the case and when you add the huge fees that you needed to pay to make a transaction then that makes it easier to keep holding your coins.

[ronaldo40]

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

[sayaya17]

Hi Karl, my eyes are on your thread. To be honest, this is a very interesting topic, so allow me to join the discussion here.
By the way because I used to play the game using bitcoin, with the rise in the price of bitcoin, this makes me confused if I gamble using bitcoin.
Because the current increase is so fast, so when I convert my fiat to btc, the amount of satoshi becomes reduced because the price is already expensive.
However in gameplay, I keep using btc, but with caution, because it’s big money of course. However big it is, come back again how much we bet.
Well, if btc still goes up uncontrollably, maybe I will also play the game using altcoins, such as ethereum, LTC or DOGE. That depends, if the site provides an alternative altcoin other than bitcoin. But that doesn’t mean I’m going to move to altcoin forever, I’m going to play the game with bitcoin as well.

[covfefe_]

Quick fluctuations and high price surely affects people depositing in the gambling site. When the prices itself is a gambling, crypto enthusiast would have fun watching the price movement. (My current situation)
To be more realistic, most of the gamblers calculate their gambling investment/expenditure in USD rather than bitcoins. Sudden rise in price would make them hesitant to buy bitcoin to gamble.

[Fredomago]

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

True. Once you see the value of your bitcoin to USD there's somehesitations inside your mind, most when you play luck based gambling, something inside may interrupt your game. By disabling that function though will allow you to continue without any interruptions as long
as you are ready to take the risk and accept your fate whatever happened the results may be.

But it's always the gambler who can decide or who take it from there, if they are not really care about bitcoin value there's nothing
that they care about and they will proceed accordingly.

[Lanatsa]

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

True. Once you see the value of your bitcoin to USD there's somehesitations inside your mind, most when you play luck based gambling, something inside may interrupt your game. By disabling that function though will allow you to continue without any interruptions as long
as you are ready to take the risk and accept your fate whatever happened the results may be.

But it's always the gambler who can decide or who take it from there, if they are not really care about bitcoin value there's nothing
that they care about and they will proceed accordingly.

It doesn't matter if you do depend on USD price yet bitcoin or satoshi will be equaled to that and it doesn't matter if the price is high yet it will just equaled on what you do need.

Somehow you would hesitate on spending up when its already too expensive or valuable but it doesn't matter in most cases because when you do gamble you don't mind too much into your investment side.

You would really just spent out neither on altcoin or bitcoin itself.It doesn't matter.

[South Park]

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

True. Once you see the value of your bitcoin to USD there's somehesitations inside your mind, most when you play luck based gambling, something inside may interrupt your game. By disabling that function though will allow you to continue without any interruptions as long
as you are ready to take the risk and accept your fate whatever happened the results may be.

But it's always the gambler who can decide or who take it from there, if they are not really care about bitcoin value there's nothing
that they care about and they will proceed accordingly.

But this is a bad idea, most people when making bets in bitcoin are still thinking on the value in terms of dollars that this represents, if for example you are comfortable taking a risk with 50 dollars each week on a casino and then the price of bitcoin doubles and you are still making the same bets regardless of the value of bitcoin in terms of dollars now you have doubled your risk for no good reason, this is why people are a little bit more shy when it comes to betting when the price is skyrocketing because they want to maintain the same risk that they had before all of this happened.

[carlfebz2]

Actually I always have pretty much the same amount to bet and I stick to that limit. However, now when the Bitcoin price is on so high level I don't like to use it much for gambling so J can say that I play s bit less than before
But there are also other options besides Bitcoin as an alternative to bet, so at the moment maybe it's better to use some other coins.

Specially now that i had sell off my bitcoins since the price is already almost to its ATH then i do skip out on using bitcoin at the moment for my gambling activities
but instead i do make use of some alts like XRP and DOGE.

I dont feel like on using up BTC at the moment yet its already too valuable for you to waste up.When it comes on affecting my gameplay then it doesnt really
that much yet as said i have also the limits.

When i do saw that price is way too high then i do skip out and go for the alternative ones.

[ecnalubma]

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

[jostorres]

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

So if BTC price is 1million USD you will still be making the same bets? I don't think so.

I always use USD currency when betting as stake allows to convert your BTC into USD and bet with that, they also have added Euro and JPY recently so it is easier to convert balance into fiat and know how much you are betting because indeed as price rises we sometimes forget that the old 10mBTC is now almost worth double than it was 1 month ago so have to adjust bets accordingly.

I don't know about others but I do change my betting amounts and sometimes style too with change in BTC prices, like if the prices are low I will bet more and actually take bigger risks while if the bull run is going on like right now, I try to bet small and avoid chasing big wins.

[nikola22]

during bitcoin price rise I'm trying to gamble more cafefully because in a short period of time the betting sum could be worth more in USD equivalent. in this case it would be better to choose altcoin for gambling purposes.

[Webetcoins]

Actually I always have pretty much the same amount to bet and I stick to that limit. However, now when the Bitcoin price is on so high level I don't like to use it much for gambling so J can say that I play s bit less than before
But there are also other options besides Bitcoin as an alternative to bet, so at the moment maybe it's better to use some other coins.

I use TRX and XRP for gambling as they are sensationally fast and there is almost 0 fees on transactions which make them the ideal choice and actually there is not much change in price of TRX if you see recently and it has gone up by around 5-8% which doesn't mean much so my gambling goes as it was going before but if the price ever changes too much I will surely consider changing my betting limits.

I dont feel like on using up BTC at the moment yet its already too valuable for you to waste up.When it comes on affecting my gameplay then it doesnt really
that much yet as said i have also the limits.

Yes I don't use Bitcoins to bet recently because the transaction fees is high and it is not worth spending $2-3 for a transaction which itself is around $10 so I avoid betting with bitcoins and instead save them while betting goes on with altcoins.

[Krislaw]

No at all, and it would better gain for user that bet gambling site that shows balance in bitcoin fractions. The only issue is when you deposit when the price up and then there is a price dump, it will be so difficult to gain it back.
Only a good gambling strategy can help in such situation.

[abel1337]

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

So if BTC price is 1million USD you will still be making the same bets? I don't think so.

I always use USD currency when betting as stake allows to convert your BTC into USD and bet with that, they also have added Euro and JPY recently so it is easier to convert balance into fiat and know how much you are betting because indeed as price rises we sometimes forget that the old 10mBTC is now almost worth double than it was 1 month ago so have to adjust bets accordingly.

I don't know about others but I do change my betting amounts and sometimes style too with change in BTC prices, like if the prices are low I will bet more and actually take bigger risks while if the bull run is going on like right now, I try to bet small and avoid chasing big wins.

I am a gambler that plays based on the bitcoin amount and not on bitcoin value but If we were in the stage of bitcoin price is getting higher and higher up to 1 million USD each, I think I would base on fiat value instead. I'm pretty sure that I won't be able to deposit my regular bitcoin amount into the casino thinking that the fee fiat value is too much. Adjusting the bitcoin amount over time would be necessary for me.

[Nellayar]

Not at all since I based my bets upon btc or satoshis. I don't mind if bitcoin price goes up or down since there are times that I deposited through fiat. More over, when I am on game. I don't feel my losses since I only play using my excess money. I don't gamble my earnings because I knew that I am not lucky in gambling. Anyway, those who have bitcoins in their gambling wallet will surely happy because even they lost, they have gains due to bitcoin price increasing.