BTC price VS gambling

[Jemzx00]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

Thanks for sharing, the price may drop but it's still high for most gamblers. I'd rather trade that bitcoin to altcoins if that's from our wallet, $6 is still higher compared to paying $1 or lower which is possible with some altcoins particularly with XRP.

That would be the most efficient way to not loss as much as possible on your funds especially that there are many out there are more comfortable on micro gambling and enjoy the thrill of their money growing from that amount. But unfortunately, there are e-casinos or gambling websites that don't allow other crypto other than Bitcoin and Ethereum on their platform which is unavoidable to lower the fees.

Hoping that the market won't be as traffic so we can experience lower fees on bitcoin and ethereum. Having 6-15 USD for just the transaction is too much and I hope that most casino adopts other cryptocurrency on their platform so we may able to pick the most convenient crypto for us to deposit and withdraw from.

[Sanitough]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

Thanks for sharing, the price may drop but it's still high for most gamblers. I'd rather trade that bitcoin to altcoins if that's from our wallet, $6 is still higher compared to paying $1 or lower which is possible with some altcoins particularly with XRP.

Fee is fluctuating, but you are right, $6 is still high even if its already lower compared to the fees in the past few days. The technique here is to make a one time deposit on whatever gambling site of your desire, then try to grow that money so you can your winning and will not feel the increase of the transaction fee at the moment, when you are winning, you'll not feel the high fee.

[Ultegra134]

Whereas when prices are rising we need to be careful to not lose money.

Thats true, if the value is high we are careful not to lose it and instead we are eager to win more because of the price. During that time im hesitating as well to spend my bitcoin in gambling or to make a deposit. Because aside from high transaction fees, im also thinking to be more wise refraining myself to play, unless the btc is already in my gambling account. If I can make my money double then its an achievement however we know gambling is risky and a game of luck to win so it wont be easy.

You are right. When we can think that it will better to hold bitcoin while the price increase or sideways, we will not use it for gambling instead of using the other coins, it feels bad if we lose in bitcoin than in altcoin because the value is different. Even if we have the btc in our account, that will not be a good idea to use for playing gambling because we know that we can lose all of the btc amounts anytime in gambling games. However, if btc price increases more than now and the fees still not reduce, then there is no other way to just hold and sell it in the exchanges or convert it into altcoins first and send it in the exchange can make a profit from that.

It's best to hold Bitcoin since I deem it as an investment asset, I feel like I'm gambling with golden nuggets. Unfortunately, I had already deposited BTC when I started micro gambling thus I'm not going to bother switching coins now, since I already have a balance that can suit my needs.

I also regret using my left over Dogecoins for that purpose, but I couldn't have guessed that its price would rise so much.

[Pierre 2]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

It is still too high comparing to many other altcoins like Ripple, Tron, Doge, even BNB (BSC). I see Bitcoin as wealth, so its hard for me to justify using it to gamble. Best is to gamble with Tron in my opinion, cheap coin, cheap fees etc.

Whereas when prices are rising we need to be careful to not lose money.

Thats true, if the value is high we are careful not to lose it and instead we are eager to win more because of the price. During that time im hesitating as well to spend my bitcoin in gambling or to make a deposit. Because aside from high transaction fees, im also thinking to be more wise refraining myself to play, unless the btc is already in my gambling account. If I can make my money double then its an achievement however we know gambling is risky and a game of luck to win so it wont be easy.

You are right. When we can think that it will better to hold bitcoin while the price increase or sideways, we will not use it for gambling instead of using the other coins, it feels bad if we lose in bitcoin than in altcoin because the value is different. Even if we have the btc in our account, that will not be a good idea to use for playing gambling because we know that we can lose all of the btc amounts anytime in gambling games. However, if btc price increases more than now and the fees still not reduce, then there is no other way to just hold and sell it in the exchanges or convert it into altcoins first and send it in the exchange can make a profit from that.

It's best to hold Bitcoin since I deem it as an investment asset, I feel like I'm gambling with golden nuggets. Unfortunately, I had already deposited BTC when I started micro gambling thus I'm not going to bother switching coins now, since I already have a balance that can suit my needs.

I also regret using my left over Dogecoins for that purpose, but I couldn't have guessed that its price would rise so much.

Noone could guess what happened with Doge. I wanted to kick myself when I realized Elon Musk's pump but it was too late.

[michellee]

==

It's best to hold Bitcoin since I deem it as an investment asset, I feel like I'm gambling with golden nuggets. Unfortunately, I had already deposited BTC when I started micro gambling thus I'm not going to bother switching coins now, since I already have a balance that can suit my needs.

I also regret using my left over Dogecoins for that purpose, but I couldn't have guessed that its price would rise so much.

That is the best decision to hold bitcoin at this moment as we know that bitcoin will have a big chance to increase and back to $64k soon. Not to stop from that, bitcoin can still increase more than that price, so if we can saving more bitcoin, that will give us more chances to make a big profit in the future. We can playing gambling anytime and using any coin, but not using bitcoin this time because bitcoin become worth it for now.

No one can predict what happened to Dogecoin, but many of us make a big profit from Dogecoin. And as an underestimate coin, Dogecoin becomes more popular now and many people want to invest their money in Dogecoin, besides bitcoin.

[Ultegra134]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

It is still too high comparing to many other altcoins like Ripple, Tron, Doge, even BNB (BSC). I see Bitcoin as wealth, so its hard for me to justify using it to gamble. Best is to gamble with Tron in my opinion, cheap coin, cheap fees etc.

Whereas when prices are rising we need to be careful to not lose money.

Thats true, if the value is high we are careful not to lose it and instead we are eager to win more because of the price. During that time im hesitating as well to spend my bitcoin in gambling or to make a deposit. Because aside from high transaction fees, im also thinking to be more wise refraining myself to play, unless the btc is already in my gambling account. If I can make my money double then its an achievement however we know gambling is risky and a game of luck to win so it wont be easy.

You are right. When we can think that it will better to hold bitcoin while the price increase or sideways, we will not use it for gambling instead of using the other coins, it feels bad if we lose in bitcoin than in altcoin because the value is different. Even if we have the btc in our account, that will not be a good idea to use for playing gambling because we know that we can lose all of the btc amounts anytime in gambling games. However, if btc price increases more than now and the fees still not reduce, then there is no other way to just hold and sell it in the exchanges or convert it into altcoins first and send it in the exchange can make a profit from that.

It's best to hold Bitcoin since I deem it as an investment asset, I feel like I'm gambling with golden nuggets. Unfortunately, I had already deposited BTC when I started micro gambling thus I'm not going to bother switching coins now, since I already have a balance that can suit my needs.

I also regret using my left over Dogecoins for that purpose, but I couldn't have guessed that its price would rise so much.

Noone could guess what happened with Doge. I wanted to kick myself when I realized Elon Musk's pump but it was too late.

Haha, don't get me started either, I recently found a Dogecoin address which belonged to me but I cannot find the login credentials or any other information about it. Sucks seeing it reach $0.40 and not being able to recover your coins.

[Woodie]

Well, today the BTC price is almost $50K. I was just wondering, how are things now.
Are you still playing with Bitcoin, or have you switched to another coin due to a rise?

Thanks,
Karl from Bitcasino

Honestly I really don't feel the price because most casinos I use peg account balances in USD,so when I choose to deposit $50 I get ~$49 or so which doesn't make a difference at the time of a surge or crash as price always remains what it was when you deposit.

[Jemzx00]

Well, today the BTC price is almost $50K. I was just wondering, how are things now.
Are you still playing with Bitcoin, or have you switched to another coin due to a rise?

Thanks,
Karl from Bitcasino

Honestly I really don't feel the price because most casinos I use peg account balances in USD,so when I choose to deposit $50 I get ~$49 or so which doesn't make a difference at the time of a surge or crash as price always remains what it was when you deposit.

One of the perks that uses a USD value on the balance but it's rare to see online casinos to be this way as they won't profit when the price goes down. If it's alright may I know what gambling site are you using? Does this website allow other cryptocurrency other than bitcoin?

Anyway, I'd like to answer Karl from Bitcasino there. Yes, I still gamble even after the price dumps or pumps as I rather look onto the bitcoin itself or other crypto I use than it's value on USD and hodl onto it. I accumulate BTC and cryptocurrencies and not USD since you can save your fiat money anytime unlike bitcoin.

[boyptc]

Honestly I really don't feel the price because most casinos I use peg account balances in USD,so when I choose to deposit $50 I get ~$49 or so which doesn't make a difference at the time of a surge or crash as price always remains what it was when you deposit.

That's good for you.

You don't have to be pressured and think of the fluctuation if you're ever gambling with a casino that's pegged with USD for the accounts of their gamblers.

The price matters for most gamblers because many casinos are not pegged with USD in terms of their users balance.

[2double0]

Honestly I really don't feel the price because most casinos I use peg account balances in USD,so when I choose to deposit $50 I get ~$49 or so which doesn't make a difference at the time of a surge or crash as price always remains what it was when you deposit.

I also use Betnomi for that sometimes, but I play more at Stake because of variety of altcoins available to deposit and withdraw at less fees and I play there when I get dips to buy altcoins cheap. While gambling, I take care of the bets I make and calculate its worth in USD to keep my bankroll under control and after winning 2x which is my goal, I withdraw it on exchange and wait for the price to increase, then sell it. Win on both sides.

[freedomgo]

Honestly I really don't feel the price because most casinos I use peg account balances in USD,so when I choose to deposit $50 I get ~$49 or so which doesn't make a difference at the time of a surge or crash as price always remains what it was when you deposit.

I also use Betnomi for that sometimes, but I play more at Stake because of variety of altcoins available to deposit and withdraw at less fees and I play there when I get dips to buy altcoins cheap. While gambling, I take care of the bets I make and calculate its worth in USD to keep my bankroll under control and after winning 2x which is my goal, I withdraw it on exchange and wait for the price to increase, then sell it. Win on both sides.

That's a very good strategy but a little bit complicated for typical gamblers, you are doing a 2 in 1.. win-win on both situation, gambling and trading.. For me, it's not anymore necessary as it might take time before I can withdraw the funds if I would just wait until the price will rise, gambling purpose is just to win, if we can minimize the fees, then better but if I say withdraw, that means cashing it out right away.

[Oilacris]

Honestly I really don't feel the price because most casinos I use peg account balances in USD,so when I choose to deposit $50 I get ~$49 or so which doesn't make a difference at the time of a surge or crash as price always remains what it was when you deposit.

I also use Betnomi for that sometimes, but I play more at Stake because of variety of altcoins available to deposit and withdraw at less fees and I play there when I get dips to buy altcoins cheap. While gambling, I take care of the bets I make and calculate its worth in USD to keep my bankroll under control and after winning 2x which is my goal, I withdraw it on exchange and wait for the price to increase, then sell it. Win on both sides.

That's a very good strategy but a little bit complicated for typical gamblers, you are doing a 2 in 1.. win-win on both situation, gambling and trading.. For me, it's not anymore necessary as it might take time before I can withdraw the funds if I would just wait until the price will rise, gambling purpose is just to win, if we can minimize the fees, then better but if I say withdraw, that means cashing it out right away.

Typical gamblers wouldnt really have this kind of behavior on where they do mind of about investment while they do play because the sole purpose on why theyre playing is to look for entertainment and of course on making money so having this kind of trading like behavior is less likely to be seen.

but if you are really mindful about making more then its up to someones choice because its really plausible but we know that it might neither be time consuming if we do wait up until price rise.

Knowing that gamblers are always too impatient when it comes to pulling out their funds once they do really need it.

[KTChampions]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

Thanks for sharing, the price may drop but it's still high for most gamblers. I'd rather trade that bitcoin to altcoins if that's from our wallet, $6 is still higher compared to paying $1 or lower which is possible with some altcoins particularly with XRP.

Yes, $ 6 is a small amount, but compared to the amount of money I’m going to lose, it matters so I will definitely try to save it. In addition, do not forget about the execution time - usually casinos require several confirmations, and I think that in modern conditions it is irrelevant to wait for a transaction to be completed for almost an hour.

[smyslov]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

Thanks for sharing, the price may drop but it's still high for most gamblers. I'd rather trade that bitcoin to altcoins if that's from our wallet, $6 is still higher compared to paying $1 or lower which is possible with some altcoins particularly with XRP.

Yes, $ 6 is a small amount, but compared to the amount of money I’m going to lose, it matters so I will definitely try to save it. In addition, do not forget about the execution time - usually casinos require several confirmations, and I think that in modern conditions it is irrelevant to wait for a transaction to be completed for almost an hour.

I also do not want to shelve that amount and don't want to wait for hours to roll the dice, I don't have the luxury to wait for my transaction to confirm, it's better to use Tron I can play within 5 minutes or less and I have to only spend 1 to 5 cents for my transaction, for small players like me that $6 is worth a lot, there was a time I play with only $5 in my dashboard.

[ralle14]

In addition, do not forget about the execution time - usually casinos require several confirmations, and I think that in modern conditions it is irrelevant to wait for a transaction to be completed for almost an hour.

Afaik most casinos only require one confirmation on bitcoin deposits and sometimes there are other casinos that require a few more for withdrawal requests.

I rarely play with altcoins but I think they're the ones that require several confirmations since the block times are much faster.

[South Park]

Everything is on the rise the past few months, thus any coin is "expensive" to use. I am still using Bitcoin for my gambling purposes, while sometimes I've also used Dogecoin, no other coins apart from these two. I'm skeptical about using BTC for any new deposits in casinos' due to high transaction fees. Currently using my balance, trying not to lose it since I can't afford multiple deposits.

I think pretty much most users are in the same boat as you are, we do not want to make a transaction to the casino because we know how expensive it is going to be to get our coins there especially if we only want to gamble with a small amount of money, and despite all of those inconveniences the gambling activity during the pandemic saw a huge increase, which is good but I wonder how much money was wasted on fees over those months when the price of bitcoin was increasing and creating a new ATH almost every day.

[Russlenat]

In addition, do not forget about the execution time - usually casinos require several confirmations, and I think that in modern conditions it is irrelevant to wait for a transaction to be completed for almost an hour.

Afaik most casinos only require one confirmation on bitcoin deposits and sometimes there are other casinos that require a few more for withdrawal requests.

I rarely play with altcoins but I think they're the ones that require several confirmations since the block times are much faster.

IIRC, there are even some casinos that do not even require a confirmation on deposit, they'll just credit right away once it's already in the blockchain, but during withdrawal, it should be confirmed before they'll process it. It usually requires 3 confirmations for bitcoin and it's alright because they have a good feature which credits your deposit without confirmation. However, I think there are only a few sites that do it now because it's a bit risky on their site, maybe 1 confirmation is a bit safer.

[dunfida]

In addition, do not forget about the execution time - usually casinos require several confirmations, and I think that in modern conditions it is irrelevant to wait for a transaction to be completed for almost an hour.

Afaik most casinos only require one confirmation on bitcoin deposits and sometimes there are other casinos that require a few more for withdrawal requests.

I rarely play with altcoins but I think they're the ones that require several confirmations since the block times are much faster.

IIRC, there are even some casinos that do not even require a confirmation on deposit, they'll just credit right away once it's already in the blockchain, but during withdrawal, it should be confirmed before they'll process it. It usually requires 3 confirmations for bitcoin and it's alright because they have a good feature which credits your deposit without confirmation. However, I think there are only a few sites that do it now because it's a bit risky on their site, maybe 1 confirmation is a bit safer.

No confirmation deposit is no more or cant really be seen on most gambling sites today and i dont know what gambling site you are preferring or talking into because most of them
does require at least 1 confirmation or depending on the site.

Risk of doublemulti-spend is there if they do set out that no confirmation deposit and there are lots of instances that it do happen and majority of these platforms are much aware with that.
For withdrawals then its neither instant or manually processed.

[freedomgo]

In addition, do not forget about the execution time - usually casinos require several confirmations, and I think that in modern conditions it is irrelevant to wait for a transaction to be completed for almost an hour.

Afaik most casinos only require one confirmation on bitcoin deposits and sometimes there are other casinos that require a few more for withdrawal requests.

I rarely play with altcoins but I think they're the ones that require several confirmations since the block times are much faster.

IIRC, there are even some casinos that do not even require a confirmation on deposit, they'll just credit right away once it's already in the blockchain, but during withdrawal, it should be confirmed before they'll process it. It usually requires 3 confirmations for bitcoin and it's alright because they have a good feature which credits your deposit without confirmation. However, I think there are only a few sites that do it now because it's a bit risky on their site, maybe 1 confirmation is a bit safer.

No confirmation deposit is no more or cant really be seen on most gambling sites today and i dont know what gambling site you are preferring or talking into because most of them
does require at least 1 confirmation or depending on the site.

Risk of multi-spend is there if they do set out that no confirmation deposit and there are lots of instances that it do happen and majority of these platforms are much aware with that.
For withdrawals then its neither instant or manually processed.

I think in the past they are allowing, but now that they see the risk, they don't allow it anymore. The risk here is that, once they make a deposit, they can put a little fee so it will not confirm right away, gamble the credits and if that bet will lose, they will just double spend it, that's so clever from the gambler's side so gambling sites have to also adjust.

At this stage that blockchain is congested, 1 confirmation sometimes takes too long if you don't put enough fee, so it would still not help you if you are in a rush of gambling, better use altcoins instead.

[dunfida]

In addition, do not forget about the execution time - usually casinos require several confirmations, and I think that in modern conditions it is irrelevant to wait for a transaction to be completed for almost an hour.

Afaik most casinos only require one confirmation on bitcoin deposits and sometimes there are other casinos that require a few more for withdrawal requests.

I rarely play with altcoins but I think they're the ones that require several confirmations since the block times are much faster.

IIRC, there are even some casinos that do not even require a confirmation on deposit, they'll just credit right away once it's already in the blockchain, but during withdrawal, it should be confirmed before they'll process it. It usually requires 3 confirmations for bitcoin and it's alright because they have a good feature which credits your deposit without confirmation. However, I think there are only a few sites that do it now because it's a bit risky on their site, maybe 1 confirmation is a bit safer.

No confirmation deposit is no more or cant really be seen on most gambling sites today and i dont know what gambling site you are preferring or talking into because most of them
does require at least 1 confirmation or depending on the site.

Risk of multi-spend is there if they do set out that no confirmation deposit and there are lots of instances that it do happen and majority of these platforms are much aware with that.
For withdrawals then its neither instant or manually processed.

I think in the past they are allowing, but now that they see the risk, they don't allow it anymore. The risk here is that, once they make a deposit, they can put a little fee so it will not confirm right away, gamble the credits and if that bet will lose, they will just double spend it, that's so clever from the gambler's side so gambling sites have to also adjust.

At this stage that blockchain is congested, 1 confirmation sometimes takes too long if you don't put enough fee, so it would still not help you if you are in a rush of gambling, better use altcoins instead.

When you are in a rush then its just normal for you to neither use up altcoin or stick out with those common coins that you've been using neither bitcoin or other top altcoins in the market.

If you do see the fee is high then you wouldnt really make out some transaction and go with alternatives instead.Those double-spending thing had really been known and had been abused
thats why they do really make out adjustment because if they wont then it would really be abused.