If btc > $150k, will you still gamble it?

[2double0]

After so much positive speculation, optimism in markets, accumulation by institutional investors, too many analysts predicting a new ATH for btc, let's say if everything goes good and btc reaches extremely high price, will you still gamble it? Or will you 'be able' to gamble it? Won't the fees distract you from using it in gambling?

Take the poll and share your opinion.

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[DabsPoorVersion]

What I answered is no,

The fees would be higher when its price will increase. I'll probably dump my btc instead of gambling it and just wait for its price to decrease again to start gambling. It is not good enough to spend large fees if it is only for  gambling.

[Mahanton]

Wont matter much if bitcoins price would go to the roof because we can always base off with fiat value even though its already expensive but it wont matter yet majority of
us would do the same.In regards with fees then i doubt that it would really comes back to normal where the entire network had already normalize so it wont really that much
of an issue. > $150k? How i wish we would really be reaching out that level. In that case, some people will really be keen on spending their coins in gambling and rather
do decide to make hold of it due to potential price increase as years goes by.

[Botnake]

I think it doesn't matter, I will still gamble, I voted on "this" in the poll.

Yes, I don't have any problem gambling btc at high price. After all, 1 btc is 1 btc, right?

As an investor you don't mix things, when you gamble you gamble when you invest, you invest.
That's the principle we should follow so we can still focus on what we are doing even if we do both.

As a gambler all you do is just buy bitcoin and sell when needed to cash out, nothing is extraordinary with that and you can do it regardless of the price.

[Kelvinid]

I can't really tell what will happen but maybe, I can't choose to risk my money into gambling rather than to keep it or converted it to our local currency, it is a big money already for me.

I'm sure gambling institutions still be growing but I'm not sure if there is an increase in the numbers of gamblers. I can't imagine how people are willing to lose their BTC but no doubts that those who think gambling as a source of income will likely to stay and keep on gambling, nothing will change. But for those casual gamblers just like me, either has to think it.

[Fortify]

It's a bit of an odd question, because the value of a whole bitcoin can be irrelevant when it has so many decimal places. If someone gambles 0.01 bitcoin which is worth $135 and bitcoin goes up in value ten times, that person would just bet 0.001 bitcoin to achieve the same effect. Gambling sites can even stretch it further than that by allowing you to buy "points" which represent a certain amount of bitcoin, if somehow the price went much higher. There are many ways to get around these barriers and you can be sure it will not effect gamblers very much.

[Question123]

If the bitcoin rise of the value of $150k maybe I spend only around 0.05 which is my highest possible that I spend on the gambling because If I spend it all that is a big money and If I lose it all it is not good.  

Other gambler for sure they will going to spend all their bitcoin they have just like the people who are greedy in profit maybe they will use it but instead of earning profit they have risk that they money will lost because gambling a risk of way to earn a money.

[Danslip]

If the fees are efficient for processing transactions and the mass withdrawals with cheap fees provided by casinos, my answer is yes. Otherwise, it doesn't make sense to spend a $30 fee for a $50 deposit in BTC. After one point, altcoins with cheap transaction fees will be more popular and the stable coins will replace many alternatives.

[milewilda]

If the fees are efficient for processing transactions and the mass withdrawals with cheap fees provided by casinos, my answer is yes. Otherwise, it doesn't make sense to spend a $30 fee for a $50 deposit in BTC. After one point, altcoins with cheap transaction fees will be more popular and the stable coins will replace many alternatives.

If fees would be still on that high then there would be no other option but to transfer in alts which is more better when it comes on avoiding high fees yet we know that
bitcoin do really have this problem when its price is clinging up to the top but if fees were just in normal then i dont see any problems on continuing on using it on your gambling activity.
Doesnt matter on what would be its price.

[Wexnident]

I mean, I gamble mostly with Bitcoin but I mostly value it depending on USD, so I have no problems with whatever the price BTC is at any point in time. As for the fees issues, as long as it's in a manageable area, I suppose I'm fine with it. Besides, I can simply just turn into altcoin, but if it isn't really possible due to stupidly high fees, I might as well just sell my coins out for altcoins or USD itself and buy altcoins to gamble with. More processes yes, but if it could help me avoid them fees, why not right?

But honestly, I doubt it'd affect me that much. Bitcoin going up or not has no relevant issue with me as long as I gamble while pegging it to USD, so no problems there.

[chaser15]

Or will you 'be able' to gamble it? Won't the fees distract you from using it in gambling?

If the BTC that will be used in depositing to gambling sites will come from my several tasks that pay in crypto or trading profits, then I will continue with my gambling habit. Not directly affecting my gambling since I'm paying within only the BTC border. Currently, I have some reserves and BTC savings.

If it involves cash as I will buy BTC from the exchange, then probably my gambling will be in moderation to save some fees. That won't stop me from doing gambling as that's already a part of my online activity for a long-time now.

[StephenJH]

No, I will HODL. The fees will be abnormal and I am not ready to pay huge withdrawal fees for each transaction. Probably, the USD value of BTC deposits will be credited to the gambling accounts but if there are altcoins for the deposit I will go for it. TBH, I prefer to use BTC for better needs rather than gambling in case of price hits $150k.
 

[robelneo]

After so much positive speculation, optimism in markets, accumulation by institutional investors, too many analysts predicting a new ATH for btc, let's say if everything goes good and btc reaches extremely high price, will you still gamble it? Or will you 'be able' to gamble it? Won't the fees distract you from using it in gambling?

Take the poll and share your opinion.

I have no issues with gambling using Bitcoin even if it is going up I have stated this on one thread but $150 k is tempting not to use because of the high fee, I will likely go for other coins that is accepted in the gambling platform, but there's a possibility that those coins are also on their highest value because other coins follows the price of Bitcoin's value, I cannot imagine myself sending $70 worth of fee it's worth a week's salary by our worker here in my country.

[dothebeats]

As long as I also receive my winnings in btc, I wouldn't have any problem with it. I see a future wherein crypto gambling platforms would impose a USD-only withdrawal on btc casinos but will allow users to use btc as their currencies to play, which is kinda nonsensical given that you are there to win more btc and not win more dollars. I still spend my btc according to their dollar value, too, but that doesn't mean that I wouldn't want to spend it or use it just because it has a high monetary value.

[Viscore]

That will be another story, $150k is something I'm afraid to gamble but I'd have this gambling life, it doesn't change a lot, but possible I'd lower down my betting amount. But this time, gamblers will be taking seriously, it is not just of having fun but this is aiming to win.

Anyway, it is just a presumption, too far from reality. Gamblers will still be gambling no matter what is the price because that is just the same when you are gambling when the price of Bitcoin is low.

[Timelord2067]

The same question was probably asked when bitcoin was $1 and the hypothetical benchmark was set at $ 100 or even $ 10,000.  People will gamble and they will gamble with the funds they have.  (regardless of what those funds are worth)

[maydna]

I think I will still gambling, but not too often because I don't want to become addicted to gambling. It is a choice for you to continue gambling or stop your habit of gambling. I decide not to play gambling too often because I realize the risk that I can get addicted to gambling, and I really need to avoid that by limiting my time to playing gambling. It's no matter if bitcoin can increase more than $150k or more because if you want to still gamble, you don't care if bitcoin increase so high or the price still at a price now. So I vote Yes, I don't have any problem gambling btc at high price. After all, 1 btc is 1 btc, right?

[Darker45]

It won't change. I would still be gambling with cryptocurrency, but less with Bitcoin. That has been my crypto gambling habit for a while now, anyway. I now gamble mainly with Ethereum.

But if Bitcoin would rise at a level once thought to be impossible, say, $100,000, then that would only mean gambling with Bitcoin will now be with smaller amount of Satoshis, but not necessarily small as far as its fiat value is concerned. If you used to gamble with 0.01BTC as the maximum because that's what $100 is worth in BTC then you would just lower your gambling allocation to 0.001BTC.

[Kasabus]

I will definitely gamble no matter what the price of bitcoin is, even if it will reach $1 million per piece, it will not change my passion in gambling.  I don't treat bitcoin as an investment when I'm gambling, so I can take whatever the price in the market.

[acroman08]

I could gamble using bitcoin with the smaller denomination but then again just like what dabspoorversion said. the fees would be higher. so I don't see it would be worth using bitcoin to gamble. I'd either sell it or exchange a small amount of it to an altcoin then store or sell the rest.