BTC price VS gambling

[hahay]

Even if the bitcoin price is down to $39k, it is still not better to use bitcoin to gamble because the price can increase anytime.

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

In that case, ‘michellee’ should avoid gambling with all other cryptocurrency except stable coins. Cause all other crypto price have dropped beside bitcoin and all of them have good possibility to increase in future. Don't gamble with the BTC what you have kept for holding. Worried! He is thinking like bitcoin holder and discussing about gambling.

It was an option maybe he would prefer to use other coins like Ltc, Doge etc. But indeed, when someone prefers bitcoin only for investment then of course they are uncomfortable if bitcoin is used for gambling and that is the opposite of me. I personally rarely check prices but I have continued to use bitcoin for gambling until now. So, use bitcoin or not in gambling because convenience is the main thing, so you don't have any pressure if you gamble using other cryptos as well.

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[KTChampions]

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

Absolutely right. I don't understand why people mix these activities. For example, I would be very unhappy if, due to exchange fluctuations, the amount of my winnings/loosings also fluctuated. It turns out that I cannot control my money spent on entertainment in that case. This is totally unacceptable.

[boyptc]

Even if the bitcoin price is down to $39k, it is still not better to use bitcoin to gamble because the price can increase anytime.

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

I agree.

If you don't want to use your bitcoin, it's best to choose not to gamble. No matter what the prices are, there will be gamblers that wouldn't care about the price.

As long as they're able to fulfill their gambling needs, they'll use it to deposit.

[michellee]

Even if the bitcoin price is down to $39k, it is still not better to use bitcoin to gamble because the price can increase anytime.

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

That is from my perspective, and maybe that is wrong from your perspective. I am gamble using bitcoin for a long time, and I see that it is exciting to use bitcoin to gamble as the winning will be bigger than altcoin in the usdt value. But then when I lost the money, the money value in usdt is bigger than if I use the altcoin.

Sometimes I use stable coins, but I am not too like because the usdt value is just shown directly to me. If you use altcoin, the usdt value or BTC value will not go too high in a short time. And even if the price increase, the value will not be too big.

In that case, ‘michellee’ should avoid gambling with all other cryptocurrency except stable coins. Cause all other crypto price have dropped beside bitcoin and all of them have good possibility to increase in future. Don't gamble with the BTC what you have kept for holding. Worried! He is thinking like bitcoin holder and discussing about gambling.

I prefer to use dogecoin from a long time ago, although I use stable coins to gamble. Using altcoin will suit me, and maybe other people will not agree with me and still like using bitcoin to gamble. But after the BTC price increase and break $10k, I stop using bitcoin because that is not fit for me to gamble using bitcoin.

[BuNga_cute]

Even if the bitcoin price is down to $39k, it is still not better to use bitcoin to gamble because the price can increase anytime.

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

I agree.

If you don't want to use your bitcoin, it's best to choose not to gamble. No matter what the prices are, there will be gamblers that wouldn't care about the price.

As long as they're able to fulfill their gambling needs, they'll use it to deposit.

For those who are accustomed to crypto gambling, there will definitely be no problem with the Bitcoin price. Because gamblers are accustomed
to Bitcoin prices which are indeed volatile, some gamblers will even feel more challenged to get a profit, if the price of Bitcoin is high. So no matter
how expensive the Bitcoin price rises, it doesn't stop gamblers from gambling using Bitcoin. Usually the problem is when making a withdrawal,
many gamblers will avoid withdrawing using Bitcoin, gamblers will make withdrawals using altcoins which do have cheaper transaction fees.

[Sanitough]

Even if the bitcoin price is down to $39k, it is still not better to use bitcoin to gamble because the price can increase anytime.

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

If you need to make precise calculation of how much you won or lost in dollars, then i think its better to gamble using stable coins because that way you will not be worried about the prices of bitcoin. However, do every gambling site give us option to gamble in USDT or stable coins ? I guess No.

Well, if you gamble with BTC, you should not convert it in dollars until you cash it out. About USDT, there are already gambling sites that accepts USDT and it's not really a problem if one will use that in gambling. I know one of the sites that accept USDT, here check. https://www.cloudbet.com/en/

[jrrsparkles]

Even if the bitcoin price is down to $39k, it is still not better to use bitcoin to gamble because the price can increase anytime.

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

I agree.

If you don't want to use your bitcoin, it's best to choose not to gamble. No matter what the prices are, there will be gamblers that wouldn't care about the price.

As long as they're able to fulfill their gambling needs, they'll use it to deposit.

Bitcoin, stable coin or fiat money no matter what, they are still money which is having value right now so one who wants to gamble and have money in whatever form they can use it for the purpose. And also there are gambling sites which convert your deposits into USD value after depositing means it is just a value interm of dollar no matter which coins we are used.

[iTradeChips]

For the question I think that would depend on the website. I saw some websites display a user's account but it shows it in dollars, does not show the amount of crypto or actual amount of crypto that you have, it converts it to dollars. Other websites are the opposite, they show the crypto amount. In the first display, I can deposit dollars or possibly some altcoins but I gamble still using BTC. The second display the crypto display I can only use the amount of the coins that I sent. With that I would prefer to use altcoins than bitcoin since bitcoin has increased and there is no guarantee that the bitcoin amount will be lessened when I gamble. I target websites that also has low fees as well.

[KTChampions]

Bitcoin, stable coin or fiat money no matter what, they are still money which is having value right now so one who wants to gamble and have money in whatever form they can use it for the purpose. And also there are gambling sites which convert your deposits into USD value after depositing means it is just a value interm of dollar no matter which coins we are used.

If you play carefully and do not bet on the entire deposit or most of it, then fluctuations of 20% are sensitive for you, right? It is probably unpleasant to know that your deposit has decreased by 20% due to fluctuations in the bitcoin rate, despite the fact that you have not even made a single bet. Many gamblers are not satisfied with this option and they are looking for stable coins.

[boyptc]

Even if the bitcoin price is down to $39k, it is still not better to use bitcoin to gamble because the price can increase anytime.

For me that's wrong, if you think that way, then better not gamble using bitcoin, just use stable coins so you will not worry whether the price will fall or increase. Thing is, we are gambling not investing, so the volatility of bitcoin should never affect us because if it does, it will not make us focus in our main purpose, which is gambling

I agree.

If you don't want to use your bitcoin, it's best to choose not to gamble. No matter what the prices are, there will be gamblers that wouldn't care about the price.

As long as they're able to fulfill their gambling needs, they'll use it to deposit.

Bitcoin, stable coin or fiat money no matter what, they are still money which is having value right now so one who wants to gamble and have money in whatever form they can use it for the purpose. And also there are gambling sites which convert your deposits into USD value after depositing means it is just a value interm of dollar no matter which coins we are used.

And if they don't want to use it then better not use it with the means of gambling and just keep it as if they want to hold it whatever the money is.

If they want to keep bitcoin, they just have to follow your great suggestion of depositing USD or any fiat to that casino if they have an integrated converter.

[Mauser]

Bitcoin, stable coin or fiat money no matter what, they are still money which is having value right now so one who wants to gamble and have money in whatever form they can use it for the purpose. And also there are gambling sites which convert your deposits into USD value after depositing means it is just a value interm of dollar no matter which coins we are used.

If you play carefully and do not bet on the entire deposit or most of it, then fluctuations of 20% are sensitive for you, right? It is probably unpleasant to know that your deposit has decreased by 20% due to fluctuations in the bitcoin rate, despite the fact that you have not even made a single bet. Many gamblers are not satisfied with this option and they are looking for stable coins.

Fluctuations are painful, but only if they bitcoin price is rising, not falling. I haven't used my bitcoins in a while now for gambling, because I was afraid of another rally. The recent bear market caught me completely off guard, so selling is no option anymore. It feels like best to just wait and sit it out and hope for the next bull run. In the meantime to earn with our bitcoins there are only two real options, lending and gambling. I definitely prefer gambling. At the current low bitcoin levels it is getting more attractive to gamble with it instead of fiat money.

[KTChampions]

If you play carefully and do not bet on the entire deposit or most of it, then fluctuations of 20% are sensitive for you, right? It is probably unpleasant to know that your deposit has decreased by 20% due to fluctuations in the bitcoin rate, despite the fact that you have not even made a single bet. Many gamblers are not satisfied with this option and they are looking for stable coins.

Fluctuations are painful, but only if they bitcoin price is rising, not falling. I haven't used my bitcoins in a while now for gambling, because I was afraid of another rally. The recent bear market caught me completely off guard, so selling is no option anymore. It feels like best to just wait and sit it out and hope for the next bull run. In the meantime to earn with our bitcoins there are only two real options, lending and gambling. I definitely prefer gambling. At the current low bitcoin levels it is getting more attractive to gamble with it instead of fiat money.

This is a controversial statement - after all, if the prices for your asset fall, then you suffer twice: from the loss of the value of the asset, and from the loss during the game. Well, if you won, then the situation is also sad - after all, it may turn out that, having won, you will still be at a loss (if you count in dollars).

[ChuckBuck]

Just don't mind even if the price is volatile as that's the nature of bitcoin.

How can you ignore them while the price is plummeting, if BTC drops 10-20% within 1 week? I don't think someone can't mind the price  Even many altcoins dropped more than BTC, it was a serious loss.

But a wise gambler can use the altcoin to gamble than to use bitcoin.

I don't think it's a good choice. Many altcoins tend to fall with BTC, it even drops many times against BTC. Personally, I am someone who is stocking a few altcoins, and what happened in the last few days has been a disaster for me  maybe you don't want to know but I lost at least 2k5$ in 3 days, it's a big loss and I'm quite worried, this downtrend is still continuing.

Doesn't it seem right to gamble and not mind the price of a coin?

[freedomgo]

Just don't mind even if the price is volatile as that's the nature of bitcoin.

How can you ignore them while the price is plummeting, if BTC drops 10-20% within 1 week? I don't think someone can't mind the price  Even many altcoins dropped more than BTC, it was a serious loss.

It's a serious loss but you also enjoy the benefit of making more profit when bitcoin pump during the last few weeks. That's just normal if you are gambling regularly as you will surely experience a bullish and bearish market, and you should still continue to gamble.

[South Park]

Do you think this is the best time to discuss this topic? The value of BTC changes rapidly, down terribly and also recovers quickly. Does this affect your betting? A trader will usually choose safe assets to hide, but what about gamblers like you? Do you want to convert to a safer currency or continue to use BTC for betting? I'm curious to know what you guys do if the price drops drastically  

This is definitely a difficult time to gamble with our coins, the best moment is probably when the value of bitcoin or any altcoin you are using to gamble is stable as that gives the sensation that you are not losing any potential profits even if deep down you know this is not true, however when the price is moving up or down very rapidly people get scared and they do not know what to do, most likely most of them prefer to not gamble at that time and prefer to see how long this dip or crash will go before gambling again with their coins.

[Vaskiy]

Just don't mind even if the price is volatile as that's the nature of bitcoin.

How can you ignore them while the price is plummeting, if BTC drops 10-20% within 1 week? I don't think someone can't mind the price  Even many altcoins dropped more than BTC, it was a serious loss.

It's a serious loss but you also enjoy the benefit of making more profit when bitcoin pump during the last few weeks. That's just normal if you are gambling regularly as you will surely experience a bullish and bearish market, and you should still continue to gamble.

For gamblers who spend in terms of USDT the ongoing market crash will affect much, whereas the one spending in terms of bitcoin or other cryptocurrencies won't find much difference. If I'm not wrong, right now most of the gambling sites might've started to make changes to the script so to enrich the profit as the market fall lowers their profit.

[stadus]

If I'm not wrong, right now most of the gambling sites might've started to make changes to the script so to enrich the profit as the market fall lowers their profit.

Can you explain a bit? I don't get what you mean here.

Why would they change the script, or what script they will change, will they manipulate the game and try to rig it to make them more profitable?

[swogerino]

Bitcoin, stable coin or fiat money no matter what, they are still money which is having value right now so one who wants to gamble and have money in whatever form they can use it for the purpose. And also there are gambling sites which convert your deposits into USD value after depositing means it is just a value interm of dollar no matter which coins we are used.

If you play carefully and do not bet on the entire deposit or most of it, then fluctuations of 20% are sensitive for you, right? It is probably unpleasant to know that your deposit has decreased by 20% due to fluctuations in the bitcoin rate, despite the fact that you have not even made a single bet. Many gamblers are not satisfied with this option and they are looking for stable coins.

In slot machines in many casinos I have played they convert your balance to Euros or Dollars and I think this is good when the price of Bitcoin goes up but bad when the Bitcoin price goes down.I think it would be better to offer the balance in Bitcoin or the currency we deposit in and have the minimum bet fixed in crypto value so this way the Bitcoin price does not affect our gambling.

[ChuckBuck]

It's a serious loss but you also enjoy the benefit of making more profit when bitcoin pump during the last few weeks. That's just normal if you are gambling regularly as you will surely experience a bullish and bearish market, and you should still continue to gamble.

lol, unfortunately I did not benefit from the increase in BTC in the past time, by the time I came back, BTC was at the top, maybe, the benefit I got was thanks to altcoins  I don't even want to gamble anymore when seeing my Chips.gg balance halve

For gamblers who spend in terms of USDT the ongoing market crash will affect much, whereas the one spending in terms of bitcoin or other cryptocurrencies won't find much difference. If I'm not wrong, right now most of the gambling sites might've started to make changes to the script so to enrich the profit as the market fall lowers their profit.

Something is not right here, USDT is a stable currency, I don't think anyone will suffer much if gambling with this currency. Except for stable currencies, other currencies are fluctuating and plunging

[Ziskinberg]

For gamblers who spend in terms of USDT the ongoing market crash will affect much, whereas the one spending in terms of bitcoin or other cryptocurrencies won't find much difference. If I'm not wrong, right now most of the gambling sites might've started to make changes to the script so to enrich the profit as the market fall lowers their profit.

Something is not right here, USDT is a stable currency, I don't think anyone will suffer much if gambling with this currency. Except for stable currencies, other currencies are fluctuating and plunging

That's more like gambling with fiat, but if the fee is high like what we witnessed in the past weeks when the market is in a bull run, then we might prefer to gambling fiat instead. I have a question, if we are gambling stable coin and we are obliged to follow the TOS of the site, what made it different from using fiat in gambling?