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Author Topic: Does Bitcoin price rise affect your gameplay?  (Read 57252 times)
batang_bitcoin
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November 20, 2020, 10:01:31 PM
 #221

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.
ETH is also pumping so spending it wouldn't be wise. Most of the gamblers hold bitcoin and Ethereum as their main crypto in their stash. But in general for cryptocurrencies, there are a lot of altcoins to choose and that differs from the accepted altcoin of the casino.
I do agree that it's better to gamble with alts for this time, bitcoin looks unstoppable and every hundred it pumps is worth to hold.



 

 

 

 

 

 


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November 20, 2020, 10:07:05 PM
 #222

With the current Bitcoin price of $ 18,500 which will definitely affect my gameplay, I will reduce the amount of Bitcoin used for betting.
Because when I'm deposit, the amount of Bitcoin will decrease convert from USD to BTC, and also when playing sports betting I prefer
games that are sure to win, because I am a little afraid of losing with the Bitcoin price already high. Maybe with the current high Bitcoin
price, I would also consider playing gambling with altcoins.

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November 20, 2020, 10:31:24 PM
 #223

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.

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.
Oilacris
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November 20, 2020, 10:35:59 PM
 #224

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.

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.
For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

In this case where this shows that you are taking gambling as a source of income yet you tallied everything and when you do saw that your entire
portfolio is on red then you might really be playing even more just for you to break even.

Bitcoins price might or might not affect someones gambling activity or gameplay.
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November 20, 2020, 10:51:15 PM
 #225

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.
For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

In this case where this shows that you are taking gambling as a source of income yet you tallied everything and when you do saw that your entire
portfolio is on red then you might really be playing even more just for you to break even.

Bitcoins price might or might not affect someones gambling activity or gameplay.

I was taught from childhood to keep track of my profits and expenses. You may think that this is difficult to do, but in fact it does not take much time, but it brings great benefits.
Gambling for me is entertainment and I want to know how much money I spent on this item of expenditure. Sometimes it happens that they go from the expenses section to the income section and only thanks to statistics I can see the exact amounts.
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November 20, 2020, 10:56:26 PM
 #226

For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

It's too much and not really necessary. Unlike in trades, it was useful to track records as that was part of our reference. In gambling, I don't see how it will become an advantage. It's just a merely a pure record.

But if that user is comfortable doing that then up to him to continue. Maybe just want to track how much money already spend on gambling regardless of what's the bitcoin price in a given trend. That was an effort though.
k@suy
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November 20, 2020, 11:11:44 PM
 #227

It's too much and not really necessary. Unlike in trades, it was useful to track records as that was part of our reference. In gambling, I don't see how it will become an advantage. It's just a merely a pure record.

But if that user is comfortable doing that then up to him to continue. Maybe just want to track how much money already spend on gambling regardless of what's the bitcoin price in a given trend. That was an effort though.
For me, everything that can help me to track my losses is good. It will also help me to budget my next money that I will spend in every game, since I don't want to spend too much in gambling. I want everything in moderation, so if bitcoin increase the price I will only bet the same amount I bet in the previous games, I mean if my bet is always at 50$ I'll convert it into btc and that will be my bet. but I think it is not really a big thing since consider the volatility, it's normal.
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November 20, 2020, 11:28:06 PM
 #228

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.
For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

In this case where this shows that you are taking gambling as a source of income yet you tallied everything and when you do saw that your entire
portfolio is on red then you might really be playing even more just for you to break even.

Bitcoins price might or might not affect someones gambling activity or gameplay.

I was taught from childhood to keep track of my profits and expenses. You may think that this is difficult to do, but in fact it does not take much time, but it brings great benefits.
Gambling for me is entertainment and I want to know how much money I spent on this item of expenditure. Sometimes it happens that they go from the expenses section to the income section and only thanks to statistics I can see the exact amounts.
Everyone will be taught to have a track of profit and losses. The practice makes users get used to it. It is true that having track of bitcoin and other cryptocurrencies on gambling gives good benefits. Looking at the data we can understand as well as set our limits. Myself don't have a schedule or track of wins and losses. I used to get small payments and with that I try my luck. Soon i used to go for max betting.

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FontSeli
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November 20, 2020, 11:33:36 PM
 #229

I was taught from childhood to keep track of my profits and expenses. You may think that this is difficult to do, but in fact it does not take much time, but it brings great benefits.
Gambling for me is entertainment and I want to know how much money I spent on this item of expenditure. Sometimes it happens that they go from the expenses section to the income section and only thanks to statistics I can see the exact amounts.
Everyone will be taught to have a track of profit and losses. The practice makes users get used to it. It is true that having track of bitcoin and other cryptocurrencies on gambling gives good benefits. Looking at the data we can understand as well as set our limits. Myself don't have a schedule or track of wins and losses. I used to get small payments and with that I try my luck. Soon i used to go for max betting.

If a person places a deposit on a gambling site bitcoins that he bought a long time ago, then it makes no sense for him to track the amount of winnings and losses in dollars. Of course, he can recalculate his bets in dollars, but in my opinion this is inconvenient and meaningless.
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November 20, 2020, 11:58:18 PM
 #230

Is there a gambling site where we could see a chart of amounts being put on a bet so we can compare the bet people did last month and this month? At that point, we can actually see if people are having some changes in their betting as the time changes.

As an example, on our site, I looked at 2 of the big wagers and calculated what they bet last month compared to what they bet this month.

Amount bet last month       
User 1. 6.27874269
User 2. 62.68226555

Amount bet this month
User 1. 56.79178533
User 2. 6.30647655

They are some of the players in our weekly wagering competitions. Some of them don't have records in the other months on the list so I can't really give more analysis of how their bet change as the price increases. User 1 has a lot of bets this month as the price increases compared to User 2 meanwhile, User 2 has a lot of bets last month with the price is not that high. This is just an example, maybe others can give more information so we could see how people change their wagers as price increases.

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November 21, 2020, 03:46:33 PM
 #231

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 don’t mean that way but you know gamblers can adjust and also casinos. Of course bets are adjusted if the markett fluctuate meeting the standard. Casinos are also can become greedy during bull season so its a given situation.
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November 21, 2020, 04:01:42 PM
 #232

It makes me more cautious about how much I bet and how often, so for me I'd say that I somewhat have cut down a little. This is a psychological thing for me where I fear that if I gamble too much BTC I might end up losing more than today's value given that BTC price keeps on rising.

It is that fear which does feel that it affects my odds of winning. Remedy wise, gambling with alts make things just a little easier but not too much as even the top alts have started showing a green market.

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November 21, 2020, 04:06:32 PM
 #233

It makes me more cautious about how much I bet and how often, so for me I'd say that I somewhat have cut down a little. This is a psychological thing for me where I fear that if I gamble too much BTC I might end up losing more than today's value given that BTC price keeps on rising.

It is that fear which does feel that it affects my odds of winning. Remedy wise, gambling with alts make things just a little easier but not too much as even the top alts have started showing a green market.
Just convert to alts. Although they are increasing, they are not as expensive as bitcoin. And moreover, you can split alts into many smaller parts which makes your gameplay becomes as normal as you used ti play with low-price-bitcoin.

If you fear of gambling, dont gamble. It is not good if we have such negative feelings like that. Wise gamblers will stop when bad emotions comsuming their body
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November 21, 2020, 09:29:21 PM
 #234

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.

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.
For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

In this case where this shows that you are taking gambling as a source of income yet you tallied everything and when you do saw that your entire
portfolio is on red then you might really be playing even more just for you to break even.

Bitcoins price might or might not affect someones gambling activity or gameplay.

Can trading also be said to be a stable source of income? I bet the answer is no.
I see nothing wrong in keeping track of one spending and gambling isn't excluded. You never know, you might forget or want to reference something.
You can put the statistics in a language you can understand and interpret, as long as you it involves finance.
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November 21, 2020, 10:24:11 PM
 #235

It makes me more cautious about how much I bet and how often, so for me I'd say that I somewhat have cut down a little. This is a psychological thing for me where I fear that if I gamble too much BTC I might end up losing more than today's value given that BTC price keeps on rising.

It is that fear which does feel that it affects my odds of winning. Remedy wise, gambling with alts make things just a little easier but not too much as even the top alts have started showing a green market.
Just convert to alts. Although they are increasing, they are not as expensive as bitcoin. And moreover, you can split alts into many smaller parts which makes your gameplay becomes as normal as you used ti play with low-price-bitcoin.

If you fear of gambling, dont gamble. It is not good if we have such negative feelings like that. Wise gamblers will stop when bad emotions comsuming their body
This is what I did, I converted to doge instead of playing in btc. Aside from saving enough money because the transaction fee cost is also low, my gameplay seems like normal because the price of doge is really low compared to btc. The number of bets I can made is higher than staying in btc.



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Rainbot
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November 23, 2020, 09:27:19 AM
 #236

This is what I did, I converted to doge instead of playing in btc. Aside from saving enough money because the transaction fee cost is also low, my gameplay seems like normal because the price of doge is really low compared to btc. The number of bets I can made is higher than staying in btc.
Ahmm yes, this could be helpful, maybe in every time you will about to gamble try to convert it to another altcoin. so that you can play more and the price is much lesser to its value to bitcoin, transfer fee really hurts as well. I can't afford to transfer with high fees to be deducted from my money, so I guess I rather convert it for now, when I want to play and I want to withdraw it, I convert my bitcoin to eos before then transfer it in exchange then Xrp for faster and very cheap fee.
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November 23, 2020, 10:17:36 AM
 #237

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.

So in general, are you winning or loosing ? Smiley How you have dates of your "games" so after converting crypto to usd, you would see how much you have lost, or have recovered thanks to rate growth. Does this statistics affected your game style ?

I have made some deposits on several casinos and some balance from different giveaways and competitions. I can say that price growth affected my gameplay. Probably a year ago I could play dice with 100sat autobet and feel comfortable about it. Even allowing to keep it playing and switch to watching movies in another tab. Now, when I do the same, I run out of my deposit of $10-15 much quicker.

R


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November 23, 2020, 10:28:15 AM
 #238

Best Example is the situation now in which not only Bitcoin price is growing instead even Ripple and Ethereum is gaining percentage ,the 2 coins that i use as alternative coins in gambling.

Having that i tend to still Limit myself the amount i use to play and that is 1-2 ETH and depend on the value if i use other coins) each gambling time.

And also I believe in Saying that "1btc is 1btc" so even how many coins we use to play never think of converting it to fiat while we are playing.

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November 23, 2020, 10:44:37 AM
 #239

This is what I did, I converted to doge instead of playing in btc. Aside from saving enough money because the transaction fee cost is also low, my gameplay seems like normal because the price of doge is really low compared to btc. The number of bets I can made is higher than staying in btc.

With a low price coin, doge can serve good than to use bitcoin to gamble. We can use a medium amount to gamble, which does not make us feel too regretful if we lose that amount. But that will be the same if you use a bigger amount to gamble because if you lose, that amount will make you get pain in your head Grin

Doge becomes popular for a gamble, and most gambling sites have the dogecoin as the option to gamble. So that will can make us to playing gambling longer than to use bitcoin. But don't forget to stop gambling if you think that is enough to play.

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November 23, 2020, 10:51:47 AM
 #240

On the beginning of the recent rally the bitcoin price didn't affect my gambling habit, I still used btc to top up my poker and black jack bankroll. But now with bitcoins around 19,000 usd again I am getting reluctant to use btc for gambling. It's better to use fiat money in my opinion. I don't want to sell any btc and would accept only bitcoins as withdrawal option for any potential winnings.
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