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Author Topic: BTC price VS gambling  (Read 3993 times)
shoreno
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February 12, 2021, 09:33:38 PM
 #21

once a bitcoin lover always a bitcoin lover so yeah i am still playing with my btc . you ask the same question before and if you ask it again why will our answers will changed ? the price is still cheap compare to when the price will head in the future .  

btc price cant stand a chance vs gambling because gambling is so addicting and a btc price wont be enough to stop the gamblers from grinding hoping to win cash prizes .
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February 12, 2021, 09:43:13 PM
 #22

Happy Friday, gamblers Smiley

Some time ago, last October, I asked you if BTC price increase has affected your gameplay somehow. Back then, it wasn't a problem for most of the users who replied.

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
No I haven't gamble with Bitcoin lately due to the high price of transaction fee I tried using alt-coin.
I used to play with ETH but due to the rise of gas fee I also tried using Doge lately and I think I would continue to stick with it.

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February 12, 2021, 10:17:33 PM
Last edit: February 12, 2021, 11:15:53 PM by Saint-loup
 #23

Happy Friday, gamblers Smiley

Some time ago, last October, I asked you if BTC price increase has affected your gameplay somehow. Back then, it wasn't a problem for most of the users who replied.

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
No I haven't gamble with Bitcoin lately due to the high price of transaction fee I tried using alt-coin.
I used to play with ETH but due to the rise of gas fee I also tried using Doge lately and I think I would continue to stick with it.
You are gambling with your Doges?
On which casino(s) are you allowed to play with Doge please? I'm interested. Thank you

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Maus0728
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February 12, 2021, 10:37:24 PM
 #24

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?

Yes! With the rise of the Bitcoin and its possible higher skyrocket, I prefer not to use it anymore in my gambling activities. It is really better to use other crypto as the volatility of BTC would greatly affect how much I hold now over how can it be priced tom. With the current trend in the market, it is better to let the satoshis sleep and grow with the uptrend of its price rather than having it used just for a short term satisfaction in playing gambling games which would never assures a profit in return.

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February 12, 2021, 11:05:18 PM
 #25

Not anymore, bitcoin fees will kill your bankroll.

Bitcoin is for bettors with huge capital, but if your capital is only $100 or less, that will make you force not to gamble anymore or just look for another alternative where you can still transact with a cheaper fees, like DOGE for instance.

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February 12, 2021, 11:10:27 PM
 #26

Not anymore, bitcoin fees will kill your bankroll.

Bitcoin is for bettors with huge capital, but if your capital is only $100 or less, that will make you force not to gamble anymore or just look for another alternative where you can still transact with a cheaper fees, like DOGE for instance.

I have to agree with you. Like for example, as a small time gambler, I am only using my extra money to gamble, that means smaller than 100 bucks. So instead of using bitcoin, I prefer to use doge. Cheap and fast. Also, I feel that I have a lot of money if I am using doge because the denomination is big even if it is only hundreds of satoshis.  Tongue  Now, doge is getting expensive also, more than 100 sats.
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February 12, 2021, 11:25:19 PM
 #27

I stopped using my bitcoin to gamble because of the price movement. It is fine when we reached $20K, to be honest, I am not thinking much about it but when we surpassed the price mark at $30K, that is when I stopped. I lost $1K if we will be using the value of bitcoin today, although it is not that high, it is a very expensive loss to me.

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February 12, 2021, 11:27:50 PM
 #28

BTC price is high, very high right now. But how about the bet? It is still at the same rate in BTC or in dollars with BTC?
I never play with BTC for gambling so that this may not influence much. However, If I am here, I will see the chance to win or lose. It also depends on the fee of the transaction. We know that this is one of the reasons for something hard to do because of the high price.


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February 12, 2021, 11:29:24 PM
 #29

Not anymore, bitcoin fees will kill your bankroll.

Bitcoin is for bettors with huge capital, but if your capital is only $100 or less, that will make you force not to gamble anymore or just look for another alternative where you can still transact with a cheaper fees, like DOGE for instance.

I have to agree with you. Like for example, as a small time gambler, I am only using my extra money to gamble, that means smaller than 100 bucks. So instead of using bitcoin, I prefer to use doge. Cheap and fast. Also, I feel that I have a lot of money if I am using doge because the denomination is big even if it is only hundreds of satoshis.  Tongue  Now, doge is getting expensive also, more than 100 sats.

At least you will not pay a higher fee like bitcoin transactions, I recently have a bitcoin transfer to gambling with over $2 fee but it's been 2 days now and my transaction is still unconfirmed, with DOGE you can spend less than $1 for a single transaction and it will confirm faster, so no bitcoin for gambling at this time.

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February 12, 2021, 11:47:24 PM
 #30

Still hasn't turned much of an issue in my case. I've been mixing up what coins I use every now and then, ETH, BTC, Doge, I'm also trying out different casinos that accept different coins so that I don't have much of an issue when trying to use another type of coin. Though I must agree that fees in BTC are insane most of the time, even back then I was quite bothered whenever the network was quite congested, hence why I started using altcoins.

I still have a few bucks lying around in BTC though, so that's the only saving grace I have right now. Most of my issues really stem from those bloody fees. Can't really help myself from using other coins to gamble when I want to when the network is congested.

R


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February 13, 2021, 12:33:41 AM
 #31

I've definitely stopped gambling with BTC. I still gamb!e everyday with DOGE, LTC and ETH but it is still a risk. A few times I've been playing dice with Doge and had some bad streaks on auto-roll which raised my stakes to almost $50 per roll.

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bitterguy28
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February 13, 2021, 01:27:14 AM
 #32

Happy Friday, gamblers Smiley

Some time ago, last October, I asked you if BTC price increase has affected your gameplay somehow. Back then, it wasn't a problem for most of the users who replied.

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
Know what Karl ? it is really good to gamble when BTC price is increasing specially to the sites that requires Dollar conversion , but the one that really matters and change our courses is that the Fees, this one really kills small time gamblers like us in which the fee is almost half of our Budget in our gambling activities.

Now that this effect is really alarming , I now converted to play using altcoins , and lucky that the alt that i have is available to use in the sites that i wanna gamble like yours Bitcasino.io.

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February 13, 2021, 02:24:02 AM
 #33

I am very proud to say that I'm sticking with Bitcoin as my gambling cryptocurrency of choice until now. But it is understood of course if Bitcoin gamblers will now be reducing their gambling expenses because of the potential of Bitcoin's price. I am now minimizing my gambling cost as well. Oftentimes I am already contented with placing less than 1 mBTC to each bet.

My current problem is not with the rising price of Bitcoin. It is the rising fee of Bitcoin when moving funds in and out of gambling wallets.
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February 13, 2021, 02:38:53 AM
 #34

Upon increasing of the bitcoin I decided, for now, to stop playing because one of the factors is the fee its too much hurt on my side because I'm not a big-time gambler like people did and also I valued most of my earning I just to play gambling to try to seek some excitement and if I win just an additional earning to me but as a low valued gambler right now fees are too much its better to wait for the bitcoin comes back to normal fees so I can play again well its just my thought but if I have some extra funds why not, now I play mostly on the fun mode/demo mode even I didn't wage real money at least I enjoy playing my favourite game.

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February 13, 2021, 02:47:55 AM
 #35

To be honest this time I am not gambling because of the funds that should be used for other things, but if I will gamble again then I would prefer altcoin whose transaction fees are cheaper like DOGE, TRX, or BNB but should definitely choose a gambling web that has a deposit system using that altcoin.

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February 13, 2021, 03:06:59 AM
 #36

Still using some portion of it but regretting that I bet most of it the past month.

I have a reserve fund in a casino that I am playing and that is just for the sole purpose of gambling but with the current price, that fund is enough which is just a small amount in the past. Right now I am just holding my Bitcoin the same with that small fund. Might just use it to trade with other altcoins that might give me profit in the next few months.
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February 13, 2021, 03:33:10 AM
 #37

I don't use bitcoin to play gambling, and I convert to altcoin, which I can afford to lose. I feel bitcoin now is too worth playing gambling, and I prefer to hold it and not use it for gamble. I am trying to stop gambling for a while as the Dogecoin price also increases, but I am still okay with using dogecoin if I want to gamble. I want to watch the market movements first because I am trying to profit from trading rather than a gamble. After all, that will be difficult for me.

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February 13, 2021, 04:05:50 AM
 #38

The fees are at it's highest since most coins are at their ATH, it is not practical to use BTC when gambling due to the high fees. XRP could be a good option or you can choose the best altcoin you think has the cheaper transaction fee available in the platform you are gambling with. I usually stop gambling during this kind of times, since it's wiser to invest or even trade than to gamble during the bull market.
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February 13, 2021, 04:29:30 AM
 #39

Happy Friday, gamblers Smiley

Some time ago, last October, I asked you if BTC price increase has affected your gameplay somehow. Back then, it wasn't a problem for most of the users who replied.

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?



I stopped Betting using Bitcoin not only Bitcoin but Ethereum as well I choose Tron and Doge as good alternatives, not only because the price is pumping I have a hard time with the transaction fee and confirmation until now I have one transaction that is 24 hours old I guess I'm not the only one, there are other gamblers who prefer to do this, creating a poll will help this thread find out if people made the switch.

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February 13, 2021, 04:36:41 AM
 #40

Still, it doesn't affect my gambling technique or gameplay because I am still not using bitcoin for gambling because it seems like having too many transaction fees so I prefer using XRP and Dogecoin when I do gambling, even though the price of bitcoin is not that too high I haven't tried it yet in gambling. I just keep holding my bitcoin and prefer to use my altcoin when I gamble.

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