BTC price VS gambling

[stadus]

The price does not change my way of betting: first of all, I only bet with fiat money, no more crypto and secondly my budget for that is very low. And I am not a regular anymore as I used to bet basically every week while now I bet every once in a while when I feel myself inspired. I wasted huge loads of money on gambling and I would rather learn from that experience.

At least, you know what currency you will use to gamble, and that does not impact your way to gamble. Using fiat money, I think we can clearly see how much money we want to gamble and not gamble more than we can afford. That will prevent us from adding more money unless we are curious about the game and still want to test our luck. But that will be the way for us to get more losses. Yes, we already got so much experience from gambling and it will be better if we can prevent the loss anymore.

It was a deliberate choice to avoid any big betting with crypto. Considering what happened to me in the past, when crypto prices were orders of magnitude less than what they are today, I cannot make mistakes. That is why, if I bet, and usually now it is mostly for fun, it is only via fiat money. The first shitcoin, is always the best to gamble with. 

It's not possible to gamble a shit coin because gambling sites do not accept it, they only accept coins that have a high volume in exchanges for liquidity, so no chance mate. When you are gambling, treat it like you also want to win although most of us just consider it as a fun activity. Well, if you really want to ensure you'll not worry about volatility, fiat money is always the best option, or use a stable coin if you stick in crypto casinos.

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[finaleshot2016]

The price does not change my way of betting: first of all, I only bet with fiat money, no more crypto and secondly my budget for that is very low. And I am not a regular anymore as I used to bet basically every week while now I bet every once in a while when I feel myself inspired. I wasted huge loads of money on gambling and I would rather learn from that experience.

At least, you know what currency you will use to gamble, and that does not impact your way to gamble. Using fiat money, I think we can clearly see how much money we want to gamble and not gamble more than we can afford. That will prevent us from adding more money unless we are curious about the game and still want to test our luck. But that will be the way for us to get more losses. Yes, we already got so much experience from gambling and it will be better if we can prevent the loss anymore.

It was a deliberate choice to avoid any big betting with crypto. Considering what happened to me in the past, when crypto prices were orders of magnitude less than what they are today, I cannot make mistakes. That is why, if I bet, and usually now it is mostly for fun, it is only via fiat money. The first shitcoin, is always the best to gamble with.  

It's not possible to gamble a shit coin because gambling sites do not accept it, they only accept coins that have a high volume in exchanges for liquidity, so no chance mate. When you are gambling, treat it like you also want to win although most of us just consider it as a fun activity. Well, if you really want to ensure you'll not worry about volatility, fiat money is always the best option, or use a stable coin if you stick in crypto casinos.

The only meme coin that I know is being accepted in gambling platforms is Dogecoin, transaction fees are very cheap compare to BTC which is the major crypto being used in most of the gambling platforms. I also prefer LTC and if no other choice, you can go with ETH. Shitcoins aren't stable, most of the time it's being dumped by the devs and doesn't have any use case so why does a gambling platform will use it as a payment option? it makes no sense.

[Tumanggor]

The price does not change my way of betting: first of all, I only bet with fiat money, no more crypto and secondly my budget for that is very low. And I am not a regular anymore as I used to bet basically every week while now I bet every once in a while when I feel myself inspired. I wasted huge loads of money on gambling and I would rather learn from that experience.

I'm almost the same as you, now I never use BTC as a deposit for my bets. I prefer to make BTC as my investment asset
I also don't like using fiat money to bet because I'm purely a crypto gambler

a few years ago when I used BTC as my bet, the price certainly affected my bet
I prefer to use other cryptocurrencies like USDT, BCH, TRON, or LTC to deposit and bet because the price has not changed drastically

[3meek]

You can also use TRX coin, which is accepted at most gambling sites! The commissions for it are also very small, and the transaction speed is quite fast... As for fiat money, it might not always be the best choice! In this bull market cycle, those who used cryptocurrencies were able to make good money, not only by winning bets, but also through rising coin prices!

[Lanatsa]

You can also use TRX coin, which is accepted at most gambling sites! The commissions for it are also very small, and the transaction speed is quite fast... As for fiat money, it might not always be the best choice! In this bull market cycle, those who used cryptocurrencies were able to make good money, not only by winning bets, but also through rising coin prices!

One of the reasons on why people do consider out on using crypto into their gambling is on where they do know that they could possibly earn more when they do able to accumulate those coins
incase they do win but honestly trying to merge out entertainment and investment isn't something that is suggestable.

Btc price would neither be important or not for some gamblers because there are some who wouldn't make use of it but rather stick with some alts but we know that it would really be still
on the same story since majority of them would really be converted back to BTC.

[blockman]

You can also use TRX coin, which is accepted at most gambling sites! The commissions for it are also very small, and the transaction speed is quite fast... As for fiat money, it might not always be the best choice! In this bull market cycle, those who used cryptocurrencies were able to make good money, not only by winning bets, but also through rising coin prices!

It's been seen lately that there's more preference in the usage of TRX because of the cheap transaction fee. But there's nothing to worry bout gambling bitcoin these times. The fees are no longer the same and you can expect that it will be confirmed as soon as possible without anything to worry about the amount because you can set as low as you can and you can expect for it to get confirmed within less than an hour. If you're liking to gamble with bitcoin, that's it. But if you prefer to go for altcoins, there is nothing to worry about it too.

[STT]

BTC is fine to use so long as you dont require to be moving it back and forth as the transaction queue is too often backlogged and its not cheap enough to transact often.   The alternate I used to use quite often was Ethereum classic because it was widely accepted and very cheap but there is probably a better alterative to that now.    BTC rising is a positive as it means my balance is worth more, seems good to me and encourages me to bet with as my winnings gain surely the fear of losses in price especially a fast loss would be far greater discouragement then any other factor.

[Natalim]

BTC is fine to use so long as you dont require to be moving it back and forth as the transaction queue is too often backlogged and its not cheap enough to transact often.   The alternate I used to use quite often was Ethereum classic because it was widely accepted and very cheap but there is probably a better alterative to that now.    BTC rising is a positive as it means my balance is worth more, seems good to me and encourages me to bet with as my winnings gain surely the fear of losses in price especially a fast loss would be far greater discouragement then any other factor.

I thought ETC transaction fee is still expensive, if we are looking for the cheapest, then we should go with the high volume coins that are widely accepted in different exchanges, and I'm particularly talking about XRP, the next option is TRC20 (USDT), this is also widely used now as the fee is very minimal.

By the way, if we look at the transaction fee of bitcoin now, it's still cheap, so it's not a problem and a good time to gamble.

[Ziskinberg]

BTC is fine to use so long as you dont require to be moving it back and forth as the transaction queue is too often backlogged and its not cheap enough to transact often.   The alternate I used to use quite often was Ethereum classic because it was widely accepted and very cheap but there is probably a better alterative to that now.    BTC rising is a positive as it means my balance is worth more, seems good to me and encourages me to bet with as my winnings gain surely the fear of losses in price especially a fast loss would be far greater discouragement then any other factor.

I thought ETC transaction fee is still expensive, if we are looking for the cheapest, then we should go with the high volume coins that are widely accepted in different exchanges, and I'm particularly talking about XRP, the next option is TRC20 (USDT), this is also widely used now as the fee is very minimal.

By the way, if we look at the transaction fee of bitcoin now, it's still cheap, so it's not a problem and a good time to gamble.

It's less than a dollar, in one of the exchanges I'm using, I check it, the withdrawal fee is only 0.005 ETC, and if converted to the current price, 50 USD x 0.005 = .25 USD . Way lower than the TRC20 (usdt) which is 1 USD.

[RealMalatesta]

I thought ETC transaction fee is still expensive, if we are looking for the cheapest, then we should go with the high volume coins that are widely accepted in different exchanges, and I'm particularly talking about XRP, the next option is TRC20 (USDT), this is also widely used now as the fee is very minimal.

By the way, if we look at the transaction fee of bitcoin now, it's still cheap, so it's not a problem and a good time to gamble.

I don't know if you mean eth? But eth fee is not that high anymore and if you are using it on a casino that has wallet connection, it makes things a lot easier as well, just under 2$ to move money around, I get that it is not that cheap compared to fiat, and that is what we should be aiming at fixing, but at the end of the day fiat world makes so much profit from money moving around that we do not have the numbers to drop it, we need to improve the tech to be able to handle these kinds of stuff, what happens if we reach 1 trillion dollars volume in crypto?

We all will be screwed, hell even tron will be expensive at that point and without that fixed I would say that gambling with eth or btc is strictly crazy, you should not do it and anyone that does it really has no idea how much money they are spending with it. I personally only gamble with bnb or doge (even though I never invest into doge) because they are simpler, maybe eth time to time.

[Dread Pirate Roberts]

The price does not change my way of betting: first of all, I only bet with fiat money

this is the good thing about crypto online casinos, now most of them convert directly to usd, not to total coins. in the past very rare find casino like that mostly gambling site only have dice game and direcly to coin. these day Casinos are more safer in asset value and had more options too. so if there is a problem with changes in the price of bitcoin / other crypto there is no problem at all.

[Hamphser]

The price does not change my way of betting: first of all, I only bet with fiat money

this is the good thing about crypto online casinos, now most of them convert directly to usd, not to total coins. in the past very rare find casino like that mostly gambling site only have dice game and direcly to coin. these day Casinos are more safer in asset value and had more options too. so if there is a problem with changes in the price of bitcoin / other crypto there is no problem at all.

Directly convert to usd? Would you mind on telling which gambling sites you do talk about this stuff? because basing up on experience most of gambling sites do retain that btc value or amount

once you do make out some deposit and you would cash it out the same on what you had put in which is on btc form which does simply means that USD value would really be depending on the market

and when it comes to fees then its one of the issue too neither it would be high depending on the network condition.

[harizen]

Directly convert to usd? Would you mind on telling which gambling sites you do talk about this stuff?

Not literally a sort of converting between coins but maybe the user is talking about some gambling sites with internal exchanges.

https://bitcointalk.org/index.php?topic=5282289.0

Somehow it might be close to what he meant.

[ethereumhunter]

The price does not change my way of betting: first of all, I only bet with fiat money, no more crypto and secondly my budget for that is very low. And I am not a regular anymore as I used to bet basically every week while now I bet every once in a while when I feel myself inspired. I wasted huge loads of money on gambling and I would rather learn from that experience.

At least, you know what currency you will use to gamble, and that does not impact your way to gamble. Using fiat money, I think we can clearly see how much money we want to gamble and not gamble more than we can afford. That will prevent us from adding more money unless we are curious about the game and still want to test our luck. But that will be the way for us to get more losses. Yes, we already got so much experience from gambling and it will be better if we can prevent the loss anymore.

It was a deliberate choice to avoid any big betting with crypto. Considering what happened to me in the past, when crypto prices were orders of magnitude less than what they are today, I cannot make mistakes. That is why, if I bet, and usually now it is mostly for fun, it is only via fiat money. The first shitcoin, is always the best to gamble with. 

Yes, the shitcoin that does not have much value than the other coins will be the best coin to gamble. We can prevent spending a high coin value and just save those coins for another purpose. Using fiat money to gamble will help us to know the amount that we will use to gamble. Besides that, when we send that fiat money to online gambling, we will have an option to convert it into other coins, such as a low coin price. That will give us a big amount of that coin to gamble it but we need to have limitations and do not use all of that amount in just one day.

[Saint-loup]

Directly convert to usd? Would you mind on telling which gambling sites you do talk about this stuff?

Not literally a sort of converting between coins but maybe the user is talking about some gambling sites with internal exchanges.

https://bitcointalk.org/index.php?topic=5282289.0

Somehow it might be close to what he meant.

No I think Dread Pirate Roberts is talking about features you have on some casinos like Stake, I don't know if you are gambling there but you can "virtually" bet in fiat there (in all the biggest currencies of the world) : the corresponding amount of cryptos is then calculated and used as stake of the bet. For example you can bet 100$ but your balance in BTC will be used instead of any fiat currency.

[chaser15]

No I think Dread Pirate Roberts is talking about features you have on some casinos like Stake, I don't know if you are gambling there but you can "virtually" bet in fiat there (in all the biggest currencies of the world) : the corresponding amount of cryptos is then calculated and used as stake of the bet. For example you can bet 100$ but your balance in BTC will be used instead of any fiat currency.

I think most of the crypto casinos today have that features.

Stake, Bitcasino, Towerbet, etc.

That fiat equivalent betting is more convenient to me compare to BTC betting. At least, I can manage it properly as the minimum at most cases to bet here is $0.1to $0.2.

[ene1980]

the corresponding amount of cryptos is then calculated and used as stake of the bet. For example you can bet 100$ but your balance in BTC will be used instead of any fiat currency.

Like they have in stake, where you can wage in multiple fiat currencies but the coins you deposit are cryptocurrencies and you can wage according to the user experience as some prefer to see the valuation in their local currency.

I am a small time gambler compared to some of the heavy users, but still for me the price of cryptocurrency has a major role in my gambling habits and my selection of the coin also depends upon the market valuation and the ease of moving around.

[ethereumhunter]

the corresponding amount of cryptos is then calculated and used as stake of the bet. For example you can bet 100$ but your balance in BTC will be used instead of any fiat currency.

Like they have in stake, where you can wage in multiple fiat currencies but the coins you deposit are cryptocurrencies and you can wage according to the user experience as some prefer to see the valuation in their local currency.

I am a small time gambler compared to some of the heavy users, but still for me the price of cryptocurrency has a major role in my gambling habits and my selection of the coin also depends upon the market valuation and the ease of moving around.

We as crypto users prefer to gamble at crypto online gambling sites because we do not have to verify our account by doing KYC and the best part is we have so many options of the coins to gamble. We can avoid using fiat money to gamble as that can give attention to our banks and investigate our accounts.

So when we use crypto to gamble, most of us do not use bitcoin to gamble but we use altcoin, which is not too expensive. So bitcoin will not be our concern to be used for gambling. We care about how high the bitcoin price is now and it is better we sell bitcoin at the exchange than just to gamble.

[Questat]

We care about how high the bitcoin price is now and it is better we sell bitcoin at the exchange than just to gamble.

For me, I do both, selling bitcoin and gambling it, I don't mix things up because I can enjoy both. When we are a gambler, we should still gamble regardless of the price as casinos or gambling sites are still willing to accept our bets, besides, if we worry about the fee, we can always use altcoins as an alternative for the moment.

[Lucasgabd]

the corresponding amount of cryptos is then calculated and used as stake of the bet. For example you can bet 100$ but your balance in BTC will be used instead of any fiat currency.

Like they have in stake, where you can wage in multiple fiat currencies but the coins you deposit are cryptocurrencies and you can wage according to the user experience as some prefer to see the valuation in their local currency.

I am a small time gambler compared to some of the heavy users, but still for me the price of cryptocurrency has a major role in my gambling habits and my selection of the coin also depends upon the market valuation and the ease of moving around.

We as crypto users prefer to gamble at crypto online gambling sites because we do not have to verify our account by doing KYC and the best part is we have so many options of the coins to gamble. We can avoid using fiat money to gamble as that can give attention to our banks and investigate our accounts.

So when we use crypto to gamble, most of us do not use bitcoin to gamble but we use altcoin, which is not too expensive. So bitcoin will not be our concern to be used for gambling. We care about how high the bitcoin price is now and it is better we sell bitcoin at the exchange than just to gamble.

would be quite interesting to see how bitcoin price correlates to amount of gambling on online casinos
I suppose we can't easily find it anywhere, can we?
we could guess that higher price would lead to less gambling acitivity but I wouldn't be surprised to see that the opposite could happen