Lost in USD value

[ChrisPop]

First of all gambling should be for fun and not for growing your account. If you want to track your gambling results you need to choose what currency you want to grow (XRP or USD in your case). If you are betting with XRP you are obviously exposed to the price volatility inherent to cryptocurrencies.

As a tip. Some online casinos offer you the option to exchange your crypto to another one. This way you can play with a crypto that is more promising in the long term like BTC. Just my 2 cents though.

[maxreish]

Unfortunately I also deposited xrp last week when xrp was into its high price, re withdraw in my wallet after winning some decent profit and then become deficit when suddenly drops. The usd/xrp value of course affected. Sell off my xrp around .25 usd and it's as if I don't won and just get back my capital in gambling.

It's the problem we most encountered as a gambler and the fact that I panicked because of the issue and thought it wont bounce up again so I sell if off together with my profits in gambling.

[Mauser]

I have this recent problem encountered in gambling using cryptocurrencies.
I deposited some cryptocurrency in an exchange, last few weeks I started to use Ripple just for gambling since when I will use the XRP, the transaction fee for transferring it to some wallet is cheap and denomination of XRP is small or cheap also.

I already won, almost x10 my starting XRP capital last few weeks. But, tragedy happens on XRP, it really dropped too hard last week which resulted almost 50% of its value.

Anyone also encountered this or any advice for this kind problem?

I had similiar problems when I gambled with alt coins. The problem here is really that if we leave the funds too long in the casino that the can be huge swings in the crypto prices. Lately I prefer sites where I can just deposit money via cryptos and then have it based in USD on the exchange and when doing the withdrawl I can choose if I want FIAT currency, Bitcoins or Alt coins. For the casino it doesn't really matter which withdrawal option I choose since they will just buy it directly in the market. And for me I can take the one that has the best options right now.

[Strongkored]

if you have made your xrp to 10x from the initial deposit then you don't need to worry too much about the xrp price dropping, you can still use it to continue gambling which is of course with good money management while waiting for the xrp price to go up again.

[bitbollo]

I have this recent problem encountered in gambling using cryptocurrencies.
I deposited some cryptocurrency in an exchange, last few weeks I started to use Ripple just for gambling since when I will use the XRP, the transaction fee for transferring it to some wallet is cheap and denomination of XRP is small or cheap also.

I already won, almost x10 my starting XRP capital last few weeks. But, tragedy happens on XRP, it really dropped too hard last week which resulted almost 50% of its value.

Anyone also encountered this or any advice for this kind problem?

well this is a well known risk of betting with cryptocoins and I am pretty sure in the past the opposite problem has literally crashed a pair of valuable sites. Better way to avoid this is bet with FIAT money.
However since you have already made a x10 you are enough lucky to recover from the drop of price....

a similar problem was related also with bitcoin and high txs fees. This has been discussed several times... my personal opinion was "ok" for betting even with high tx fees (no account needed....)

[ethereumhunter]

At least, you can have many amounts of XRP from your winning, and if the price can increase more after this, your profit will be bigger, and who knows, your profit will be bigger than your initial money. So in this matter, you better hold your XRP and send it into your other wallets, so you do not use it again for gambling. It is better to take a rest for a while from gambling after winning the gambling games.

[arwin100]

I have this recent problem encountered in gambling using cryptocurrencies.
I deposited some cryptocurrency in an exchange, last few weeks I started to use Ripple just for gambling since when I will use the XRP, the transaction fee for transferring it to some wallet is cheap and denomination of XRP is small or cheap also.

I already won, almost x10 my starting XRP capital last few weeks. But, tragedy happens on XRP, it really dropped too hard last week which resulted almost 50% of its value.

Anyone also encountered this or any advice for this kind problem?

Well that's not an issue to everybody so better if you want to play on certain coins listed better to watch the market condition so that you will not worry to lose some value and bitcoin is the one who's doing a great job now so maybe stick with bitcoins for the meantime while XRP still struggling to hit his best shot these days. But if you can risk then maybe its still good to play since I believe the current state of XRP is temporary only and we can see it pump up again.