BTC price VS gambling

[michellee]

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?

The trend is now down, and we admitted that bitcoin falls, but the altcoin follows bitcoin to go falls. I also have some altcoins, which is happening to many of us who have the altcoins and we lose the value because of bitcoin price is down.

A gambler will not mind the price of a coin, but he will think more about gambling or stop for a while if he is a wise gambler. He will know what he needs to do related to the situation.

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[stadus]

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?

The trend is now down, and we admitted that bitcoin falls, but the altcoin follows bitcoin to go falls. I also have some altcoins, which is happening to many of us who have the altcoins and we lose the value because of bitcoin price is down.

A gambler will not mind the price of a coin, but he will think more about gambling or stop for a while if he is a wise gambler. He will know what he needs to do related to the situation.

Well, once you are a gambler, you'll always find a way to gamble, bitcoin volatility will not stop you, besides, there are stable coins you can use if you really want to. This is not the first time we've seen a market volatility, therefore it should not be new to us, it's not a big deal actually.

[carlisle1]

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).

Nothing you can do about that, the current situation will affect your bankroll in terms of fiat value, though it's the risk behind but crypto gamblers who are already into his business for longer time, aware with what's the possibilities and what are the risk that they are taking, they are willing and ready to continue playing even this kind of situations always there.

It's really painful  if you needed your money being withdrawn after your win, the value is either the same or worse it's much lesser from your first deposit.

[Botnake]

Don't talk too much about the dump as currently, a pump is happening.

Check out the https://coinmarketcap.com/.. bitcoin has an 11% rise today and altcoins have ever better rise.
This should give value to your bitcoin, up 11%, is an extra profit.

So this is it, sometimes it's bullish, sometimes it's bearish, nothing special.

[mirakal]

Don't talk too much about the dump as currently, a pump is happening.

Check out the https://coinmarketcap.com/.. bitcoin has an 11% rise today and altcoins have ever better rise.
This should give value to your bitcoin, up 11%, is an extra profit.

So this is it, sometimes it's bullish, sometimes it's bearish, nothing special.

We wouldn't make a final conclusion if we always take the price volatility, when the price is bullish, we will see positive opinion and negative when the price is bearish, it will be a never-ending discussion and that is not good. Volatility means the price goes up and goes down, we already know that from the very start we learn gambling using crypto.

[Fredomago]

Don't talk too much about the dump as currently, a pump is happening.

Check out the https://coinmarketcap.com/.. bitcoin has an 11% rise today and altcoins have ever better rise.
This should give value to your bitcoin, up 11%, is an extra profit.

So this is it, sometimes it's bullish, sometimes it's bearish, nothing special.

We wouldn't make a final conclusion if we always take the price volatility, when the price is bullish, we will see positive opinion and negative when the price is bearish, it will be a never-ending discussion and that is not good. Volatility means the price goes up and goes down, we already know that from the very start we learn gambling using crypto.

Yeah right! Those who learn about crypto gambling mostly understand crypto volatility, if not all who used this venue for gambling but it's more on the side that they've known the volatility and they are aware on it.

It's a never-ending discussions indeed if it's about the value of your assets when you deposit and use it inside the house.

Sometimes bullish and sometimes bearish, nothing  new as it is 

[STT]

So this is it, sometimes it's bullish, sometimes it's bearish, nothing special.

Yep a rise into the end of month is going to be true to form in that market low doesn't time the way I need it to and we can get the majority of trades around 40k paying off though it looked we had the majority got caught off balance.   The reason that matters is when a large number of people are forced to sell from borrowing or bad trades, panic even if not forced it can lead to great weakness in pricing leading or requiring us to meet a larger ledge or area of strength in the price where people are comfortable buying.   The big number people remember but Im not sure is strong would be 20k, Im not certain if we have to test that low or not as 30k area is the 200 day average for traders in Chicago who ignore weekend daily prices as being out of hours and off their charts.
     Right now I'll guess something far more normal like 200 day average area of about 40k being our sideways landing to end month.

I think of BTC or any other crypto as a bet in that unit, I stopped wanting the hassle to sell it back to Dollars a while back.    We have a much higher price this year then last year and thats the large margin I count it by.

[jrrsparkles]

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.

Most stable coin just use the coin which is actually deposited by the user which is not I am talking about, there are gambling site which converts our despoit into USD balance and it only will get reflected in our wallet balance which means we can choose that gambling site to bet since we are not going to affected by the price fluctuations.

[michellee]

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?

The trend is now down, and we admitted that bitcoin falls, but the altcoin follows bitcoin to go falls. I also have some altcoins, which is happening to many of us who have the altcoins and we lose the value because of bitcoin price is down.

A gambler will not mind the price of a coin, but he will think more about gambling or stop for a while if he is a wise gambler. He will know what he needs to do related to the situation.

Well, once you are a gambler, you'll always find a way to gamble, bitcoin volatility will not stop you, besides, there are stable coins you can use if you really want to. This is not the first time we've seen a market volatility, therefore it should not be new to us, it's not a big deal actually.

Yes, I agree with you. If that case, sooner or later, he will become addicted to gambling. He will feel difficult to stop his habit of playing gambling. The stable coin can be a solution for people who want to gamble and limit their money to play gambling. Anyway, the crypto market was volatile from a long time ago and will be like that in the future. Maybe we need to adjust ourselves related to the current situation.

[boyptc]

Don't talk too much about the dump as currently, a pump is happening.

Check out the https://coinmarketcap.com/.. bitcoin has an 11% rise today and altcoins have ever better rise.
This should give value to your bitcoin, up 11%, is an extra profit.

So this is it, sometimes it's bullish, sometimes it's bearish, nothing special.

That's very usual.

We dump, we see the pump.

We see a small percentage for the pump but we've got more than it during the dump. But that's it, as said, it's very normal.

[Maslate]

Don't talk too much about the dump as currently, a pump is happening.

Check out the https://coinmarketcap.com/.. bitcoin has an 11% rise today and altcoins have ever better rise.
This should give value to your bitcoin, up 11%, is an extra profit.

So this is it, sometimes it's bullish, sometimes it's bearish, nothing special.

That's very usual.

We dump, we see the pump.

We see a small percentage for the pump but we've got more than it during the dump. But that's it, as said, it's very normal.

Bitcoin is struggling to break the $40k, it was supposed to be easy if the market is bullish, but it seems not already. A rise is good but we should not make an instant judgment yet to ride with it, we have to be careful as bitcoin has not fully recovered yet, it could fall again and cause panic, you know that's how the market worked, it's very unpredictable, so we have to be smart all the time.

[delfastTions]

Bitcoin is struggling to break the $40k, it was supposed to be easy if the market is bullish, but it seems not already. A rise is good but we should not make an instant judgment yet to ride with it, we have to be careful as bitcoin has not fully recovered yet, it could fall again and cause panic, you know that's how the market worked, it's very unpredictable, so we have to be smart all the time.

Experience tells us that as soon as ordinary owners of bitcoin and other cryptocurrencies breathe a sigh of relief and already begin to say to themselves "Wow ... It has passed .. !", this is where the catch lies. 
And so I, too, would very carefully approach the optimism that Bitcoin has recovered.  I think that the likelihood of falling even less than $ 30k still exists and it may well be.  And you need to be psychologically ready for this. 
And the players first.  But let's see how it goes further ...

[zanezane]

I think online crypto gambling is still doing the same thing even if the market comes hell or high water since there are other crypto options that you can use if you feel like bitcoin isn't worth being used for gambling.

[Hypnosis00]

I think online crypto gambling is still doing the same thing even if the market comes hell or high water since there are other crypto options that you can use if you feel like bitcoin isn't worth being used for gambling.

The more bitcoin or the crypto market gets the attention, the more we will see more gamblers playing their money. It's like there's a celebration in the crypto space when there's a bull run, so people will be enticed to gamble, and that makes the gambling business more profitable in a bull run.

Have you heard that Yolodice close business in the bull run? that's because they already made a lot of money and I think the owner is already satisfied.

[Obito]

I think online crypto gambling is still doing the same thing even if the market comes hell or high water since there are other crypto options that you can use if you feel like bitcoin isn't worth being used for gambling.

Gambling gets more popular when the prices go up in my opinion because people have a lot of money to spend and they want to celebrate and what better place to celebrate than to gamble some money in crypto gambling websites.

[Sanitough]

I think online crypto gambling is still doing the same thing even if the market comes hell or high water since there are other crypto options that you can use if you feel like bitcoin isn't worth being used for gambling.

The more bitcoin or the crypto market gets the attention, the more we will see more gamblers playing their money. It's like there's a celebration in the crypto space when there's a bull run, so people will be enticed to gamble, and that makes the gambling business more profitable in a bull run.

Have you heard that Yolodice close business in the bull run? that's because they already made a lot of money and I think the owner is already satisfied.

Yes, they close their gambling site although it's still very popular, they never said they are already rich that's why they close it.

here's their official statement.

https://bitcointalk.org/index.php?topic=1674772.4500

[Smartprofit]

I think online crypto gambling is still doing the same thing even if the market comes hell or high water since there are other crypto options that you can use if you feel like bitcoin isn't worth being used for gambling.

Gambling gets more popular when the prices go up in my opinion because people have a lot of money to spend and they want to celebrate and what better place to celebrate than to gamble some money in crypto gambling websites.

In my opinion, from the point of view of psychology, betting in cryptocurrency is more comfortable for a player than betting in fiat currency. 

In this case, the player is more tolerant of his loss.  Therefore, the rise in prices for cryptocurrencies leads to the flourishing of the online gambling business.  It doesn't surprise me.  In addition, the rise in cryptocurrency prices correlates with the willingness of people to take risks.  And the willingness of people to take risks leads them to online casinos. 

Now the price of Bitcoin is falling rather than rising.  Bitcoin price cannot confidently break through the $ 40,000 level.  Is the crypto bull market already over?  I do not know...

[madnessteat]

Gambling gets more popular when the prices go up in my opinion because people have a lot of money to spend and they want to celebrate and what better place to celebrate than to gamble some money in crypto gambling websites.

It is worth considering that the cryptocurrency market is a zero-sum market and according to its rules for one person to get rich, the other person needs to lose money. So in my opinion your conclusion that if the price of cryptocurrencies grows, people spend more money on gambling than usual is not quite correct. People can spend more money on gambling because of forced self-isolation, quarantine or other reasons, but it doesn't depend much on BTC price.

[Russlenat]

Gambling gets more popular when the prices go up in my opinion because people have a lot of money to spend and they want to celebrate and what better place to celebrate than to gamble some money in crypto gambling websites.

It is worth considering that the cryptocurrency market is a zero-sum market and according to its rules for one person to get rich, the other person needs to lose money. So in my opinion your conclusion that if the price of cryptocurrencies grows, people spend more money on gambling than usual is not quite correct. People can spend more money on gambling because of forced self-isolation, quarantine or other reasons, but it doesn't depend much on BTC price.

The bull run attracts investors, as they are attracted to invest, there's also a chance that they will get interested in gambling. Also, other gamblers who have been constantly gambling in the crypto space will gamble more if they will make more money in a bull run.

The logic is very simple, most gamblers do not really make money in gambling, most of them lose but they can be profitable investing in crypto due to the bull run, therefore they have a lot of money to burn in gambling.

[Mahdirakib]

The logic is very simple, most gamblers do not really make money in gambling, most of them lose but they can be profitable investing in crypto due to the bull run, therefore they have a lot of money to burn in gambling.

There is an opposite side of it too. I have seen a user who was never in gambling but he started to gamble with his investment while bitcoin price dropped significantly last year. He thought that he could manage to make profit by gambling and it will help him to recover the amount what he had lost for the price drop. At first he was able to make few BTC profit, but eventually he lost all of his bitcoin and become so much disappointed. I remember, he said in the chat that he have no option left without committing suicide. Everyone tried to convince him at chat but don't know what he did later.