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Author Topic: BTC price VS gambling  (Read 3993 times)
Pamadar
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April 09, 2021, 03:13:46 PM
 #261

In some gambling platform, when you deposited btc then it will converted to usd in the site and when you gamble it will be btc but when you withdraw it will be in btc.

Well I noticed that a lot of gambling sites now also shows the amounts in USD below the crypto currencies. They still let you play with the crypto but you see directly how much it is in real money. That really helped me a lot not to play too big.

Before I still played the same amounts in btc like I did 1 a 2 years ago.

If you are concern about how much money you are spending inside crypto gambling site.

This feature will help you and aware you if you are already exceeding from the budget that you are aiming to spent while playing your
favorite game, the convertion allows you to see if there's a big changes from the amount of your crypto assets, will allow you to adjust
your bets as well.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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April 09, 2021, 03:42:28 PM
 #262

During last October bitcoin price was at a reasonable point, but now it has reached so high. The price didn't affect my gameplay in that time. And still I don't care about the price, bankroll is the main fact for me while I play with Bitcoin. Nowadays I don't play with btc like before. The network remains busy and the fee is high, which is the main reason to avoid btc. I like to play with ltc and trx now.

R


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April 09, 2021, 05:51:47 PM
 #263

Some sites have the option to use your balance in mbtc and others offer Fiat. Some sites offer both. So you can always choose if you want to take the risk that the rate will change.

Balances in mbtc  or bits gives me the creeps. I just prefer btc or usd/eur.

With bits I always calculate wring and start betting you big. :-(



BIG WINNER!
[15.00000000 BTC]


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Rainbot
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April 09, 2021, 06:49:55 PM
 #264

It is not about the price of bitcoin affecting my gambling style, but it is because of the fee. The current fee is so high that I can't not resist forcing me to switch to other coins. Well, changing is not always bad. It does bring me a new experience. I have never gambled with Doge before, but it is really useful and fast. Moreover, you can make a big bet without worrying. Soon, when I hit jackpot with my doge, I might consider changing my state of currency back to normal. Bitcoin is still my number one coin
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April 09, 2021, 06:56:20 PM
 #265

Some sites have the option to use your balance in mbtc and others offer Fiat. Some sites offer both. So you can always choose if you want to take the risk that the rate will change.
Only if it's available to the casino that you're currently gambling but if not, you have no option.

It's not yet implemented in the two gambling sites I'm playing right now, but it's a good feature if all gambling sites or platform will implement this, I also have a problem when playing I like to see the amount in dollar so I can decide with easiness if I will proceed or not, I can stop using a converter from now on if we have this on all the gambling sites.
That's what we do and just do the manual conversion using a calculator how much we've got not only in casinos but also in portfolios. But, it's a life saver if most of the casinos have it that shows the value in USD.



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[15.00000000 BTC]


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April 09, 2021, 07:31:49 PM
 #266

Some sites have the option to use your balance in mbtc and others offer Fiat. Some sites offer both. So you can always choose if you want to take the risk that the rate will change.

Balances in mbtc  or bits gives me the creeps. I just prefer btc or usd/eur.

With bits I always calculate wring and start betting you big. :-(
Not that really hard to remember though because once you do know the conversion of bits then you wouldnt really be get confused on next time but for sure
there are sites who would really give out some option for you to neither read up the balance between mbtc or btc,bits or even with USD and its up to someones choice.
On topic about btc price then i dont really get affected much no matter how high the price would be because i do always depend on USD conversion when i
do tend to make out some bets and im not really just sticking out on btc conversion because that would really be high.

R


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April 10, 2021, 07:19:32 AM
 #267

Some sites have the option to use your balance in mbtc and others offer Fiat. Some sites offer both. So you can always choose if you want to take the risk that the rate will change.
Balances in mbtc  or bits gives me the creeps. I just prefer btc or usd/eur.
With bits I always calculate wring and start betting you big. :-(
Well this solely depends on the gambler as many don't really understand the difference between the bits and the mbtc, you can take a look at this at your convenience. Although they seem confusion but once use to the problem is solve.
BTC = 1 Bitcoin
mBT = 0.001 BTC
uBT = 0.000001 BTC
Sat = 0.00000001 BTC

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April 10, 2021, 08:19:34 AM
 #268

It is not about the price of bitcoin affecting my gambling style, but it is because of the fee. The current fee is so high that I can't not resist forcing me to switch to other coins. Well, changing is not always bad. It does bring me a new experience. I have never gambled with Doge before, but it is really useful and fast. Moreover, you can make a big bet without worrying. Soon, when I hit jackpot with my doge, I might consider changing my state of currency back to normal. Bitcoin is still my number one coin
You should try to gamble using Dogecoin as many others use. The fee is not too high and the transaction can confirmed in a fast confirmation as the other and moreover, many gambling site accept Dogecoin to gamble, so you will not have a problem in the future.
Besides Dogecoin, you can use Tron, but I do not think that many gambling site accept that coin since the site have bitcoin, ethereum, litecoin, and dogecoin.
It is worth if you gamble using Dogecoin because the price is not too high depend the other coin.

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April 10, 2021, 08:35:08 AM
 #269

Some sites have the option to use your balance in mbtc and others offer Fiat. Some sites offer both. So you can always choose if you want to take the risk that the rate will change.
Balances in mbtc  or bits gives me the creeps. I just prefer btc or usd/eur.
With bits I always calculate wring and start betting you big. :-(
Well this solely depends on the gambler as many don't really understand the difference between the bits and the mbtc, you can take a look at this at your convenience. Although they seem confusion but once use to the problem is solve.
BTC = 1 Bitcoin
mBT = 0.001 BTC
uBT = 0.000001 BTC
Sat = 0.00000001 BTC

Thanks for this list. Lets hope I won't forget it this time.

It's just to confusing that some sites uses different was to display the values.



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April 10, 2021, 10:40:29 AM
 #270

Balances in mbtc  or bits gives me the creeps. I just prefer btc or usd/eur.

With bits I always calculate wring and start betting you big. :-(

I know what you mean. But I think that's the point. This is why some casinos prefer mbtc and bits for the denomination.

R


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April 10, 2021, 11:09:43 AM
 #271

It is not about the price of bitcoin affecting my gambling style, but it is because of the fee. The current fee is so high that I can't not resist forcing me to switch to other coins. Well, changing is not always bad. It does bring me a new experience. I have never gambled with Doge before, but it is really useful and fast. Moreover, you can make a big bet without worrying. Soon, when I hit jackpot with my doge, I might consider changing my state of currency back to normal. Bitcoin is still my number one coin
You should try to gamble using Dogecoin as many others use. The fee is not too high and the transaction can confirmed in a fast confirmation as the other and moreover, many gambling site accept Dogecoin to gamble, so you will not have a problem in the future.
Besides Dogecoin, you can use Tron, but I do not think that many gambling site accept that coin since the site have bitcoin, ethereum, litecoin, and dogecoin.
It is worth if you gamble using Dogecoin because the price is not too high depend the other coin.

Using Dogecoin for gambling is a good idea. I remember a few years back when only Bitcoins, Doge and Litecoins where accepted from online casinos. Also Dogecoin is looking pretty stable again after the rally at the beginning of the year. For me it is most important to use a coin for gambling that is not so volatile. That is also why I kind of stopped using BTC for gambling purposes. It feels a bit sad if you win a little in gambling, but in the meantime BTC rallied another 10 % and you should have just kept your coins instead of gambling with it.
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April 10, 2021, 12:37:47 PM
 #272

Balances in mbtc  or bits gives me the creeps. I just prefer btc or usd/eur.

With bits I always calculate wring and start betting you big. :-(
I know what you mean. But I think that's the point. This is why some casinos prefer mbtc and bits for the denomination.
The truth here is: what you don't understand then google is here for your kind help. Most of these things are there on google and a little search will give what you need as a seeker of information, therefore, it's better to seek information from the internet to avoid problems. The reason why some gambling platforms go bit or mbtc are the fact that you can know what exactly you are using or holding in it simplest terms.

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April 10, 2021, 01:07:35 PM
 #273

The reason why some gambling platforms go bit or mbtc are the fact that you can know what exactly you are using or holding in it simplest terms.

I do not believe that any of the other units should be included. Bits, mbits, mbtc, and uBTC will be more puzzling to newcomers. I'm still having trouble converting between those.

R


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April 10, 2021, 01:28:19 PM
 #274

Balances in mbtc  or bits gives me the creeps. I just prefer btc or usd/eur.

With bits I always calculate wring and start betting you big. :-(
I know what you mean. But I think that's the point. This is why some casinos prefer mbtc and bits for the denomination.
The truth here is: what you don't understand then google is here for your kind help. Most of these things are there on google and a little search will give what you need as a seeker of information, therefore, it's better to seek information from the internet to avoid problems. The reason why some gambling platforms go bit or mbtc are the fact that you can know what exactly you are using or holding in it simplest terms.

That's correct, some even put a ubtc in your account so you can bet a lower amount. I'm using sportsbet in sports betting and they have that option, so it looks you are betting serious money using that ubtc, and this is the convertion (1 BTC = 1,000 mBTC = 1,000,000 uBTC).
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April 11, 2021, 06:14:41 AM
 #275

It is not about the price of bitcoin affecting my gambling style, but it is because of the fee. The current fee is so high that I can't not resist forcing me to switch to other coins. Well, changing is not always bad. It does bring me a new experience. I have never gambled with Doge before, but it is really useful and fast. Moreover, you can make a big bet without worrying. Soon, when I hit jackpot with my doge, I might consider changing my state of currency back to normal. Bitcoin is still my number one coin
You should try to gamble using Dogecoin as many others use. The fee is not too high and the transaction can confirmed in a fast confirmation as the other and moreover, many gambling site accept Dogecoin to gamble, so you will not have a problem in the future.
Besides Dogecoin, you can use Tron, but I do not think that many gambling site accept that coin since the site have bitcoin, ethereum, litecoin, and dogecoin.
It is worth if you gamble using Dogecoin because the price is not too high depend the other coin.

Using Dogecoin for gambling is a good idea. I remember a few years back when only Bitcoins, Doge and Litecoins where accepted from online casinos. Also Dogecoin is looking pretty stable again after the rally at the beginning of the year. For me it is most important to use a coin for gambling that is not so volatile. That is also why I kind of stopped using BTC for gambling purposes. It feels a bit sad if you win a little in gambling, but in the meantime BTC rallied another 10 % and you should have just kept your coins instead of gambling with it.
A few years ago, Dogecoin is my favorite coin to gamble and I do not mind converting my bitcoin to dogecoin to get thousands amount of dogecoin.
Dogecoin needs more time to increase again, but I am not sure about that since the price already increases and touches the highest price.
My attention now is on Litecoin as the price now can break $260 while in a few hours ago can break $230 (if I am not mistaken).
But since many other altcoins that we can use for a gamble, we can use that coin to prevent the fees.

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April 11, 2021, 08:51:00 AM
 #276

My attention now is on Litecoin as the price now can break $260 while in a few hours ago can break $230 (if I am not mistaken).
But since many other altcoins that we can use for a gamble, we can use that coin to prevent the fees.

I fully agree. Litecoin is a good coin to use if you want to avoid paying high fees for gambling transactions. Compared to Bitcoin, it has a better scaling capacity. Plus, Litecoin is a very attractive investment for those who choose to invest in the cryptocurrency market in the long run.

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April 11, 2021, 11:06:49 AM
 #277

My attention now is on Litecoin as the price now can break $260 while in a few hours ago can break $230 (if I am not mistaken).
But since many other altcoins that we can use for a gamble, we can use that coin to prevent the fees.

I fully agree. Litecoin is a good coin to use if you want to avoid paying high fees for gambling transactions. Compared to Bitcoin, it has a better scaling capacity. Plus, Litecoin is a very attractive investment for those who choose to invest in the cryptocurrency market in the long run.

I love Litecoin but between all the other coins or tokens I prefer Tron every time I deposit to my favorite gambling site, I feel that it is not charging me because my transaction is not even reaching 1 cent, Tron is a must coin to include in every gambling site, it's very cheap and it's instant, you can play right away.

BACK FROM A LONG VACATION
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April 11, 2021, 03:42:43 PM
 #278

I love Litecoin but between all the other coins or tokens I prefer Tron every time I deposit to my favorite gambling site, I feel that it is not charging me because my transaction is not even reaching 1 cent, Tron is a must coin to include in every gambling site, it's very cheap and it's instant, you can play right away.

Tron is my favourite coin for gambling. One reason is as obvious as you mentioned that it charges too low on the transaction fee part.
Since it's price is less we tend to bet using high number which gives us a feeling that we are betting in huge amounts but the actual USD value is still low.
That's just how I look at it.

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April 11, 2021, 05:27:41 PM
 #279

My attention now is on Litecoin as the price now can break $260 while in a few hours ago can break $230 (if I am not mistaken).
But since many other altcoins that we can use for a gamble, we can use that coin to prevent the fees.

I fully agree. Litecoin is a good coin to use if you want to avoid paying high fees for gambling transactions. Compared to Bitcoin, it has a better scaling capacity. Plus, Litecoin is a very attractive investment for those who choose to invest in the cryptocurrency market in the long run.

I love Litecoin but between all the other coins or tokens I prefer Tron every time I deposit to my favorite gambling site, I feel that it is not charging me because my transaction is not even reaching 1 cent, Tron is a must coin to include in every gambling site, it's very cheap and it's instant, you can play right away.
Agree to it, if we use bitcoin, transaction fees right now are very expensive and it's not a good idea to use BTC in gambling platforms as we know that it will have a breakout soon.
So litecoin and tron are one of those coins that should be used in gambling platforms because of low fees.
I won't risk my BTC on gambling platforms especially right now, anytime soon it might multiply so It's better to hodl it.

BTC moon soon!
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April 13, 2021, 08:50:30 AM
 #280

My attention now is on Litecoin as the price now can break $260 while in a few hours ago can break $230 (if I am not mistaken).
But since many other altcoins that we can use for a gamble, we can use that coin to prevent the fees.

I fully agree. Litecoin is a good coin to use if you want to avoid paying high fees for gambling transactions. Compared to Bitcoin, it has a better scaling capacity. Plus, Litecoin is a very attractive investment for those who choose to invest in the cryptocurrency market in the long run.

I love Litecoin but between all the other coins or tokens I prefer Tron every time I deposit to my favorite gambling site, I feel that it is not charging me because my transaction is not even reaching 1 cent, Tron is a must coin to include in every gambling site, it's very cheap and it's instant, you can play right away.
I guess Tron now takes attention from many people, not just from the gambler but also from the traders.
Sooner or later, many gambling sites will use Tron because of the low transaction fees, and the price still not too high depending on the favourite coins such as Bitcoin, Ethereum, Litecoin.
It can solve the gambler problem with the fee that already increases high.
I prefer to use bitcoin, ethereum, litecoin as the investment.

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