BTC price VS gambling

[ethereumhunter]

Whichever cryptocurrency we prefer in gambling, it will most likely still end up in a loss. And even if you are using Tron, Doge, Litecoin, XRP, etc, they all have Bitcoin value. So it does not really matter. But then it really helps if a gambling site is not just accepting Bitcoin only. You are correct that altcoins such as Tron (TRX) will really help gamblers move funds with ease and very cheap fees. It keeps us gambling despite the rising value of Bitcoin and its fees.

You are right. But if we compare to use bitcoin directly to gamble, the chance to see bitcoin's value will be bigger than if we use the altcoin. We can use, let say 0.001 btc to gamble, and if we lose that amount, that will be a big loss. But if we use Tron, Doge, XRP, or the other low coin price, losing 100 will not be a problem because if we convert it to bitcoin, the value is not too big. That is one of the benefits of using altcoin instead of using bitcoin to gamble. We have so many crypto gambling sites that accept altcoin besides bitcoin, so we can directly choose that site as a place to gamble.

[Lorence.xD]

The cost of tranferring BTC from one palace to another costs a lot. I use altcoins like XRP or whatever is available on the gambling site as much as possible to cut this cost. There are a lot of alternatives aside from Bitcoin, this is one of the disadvantages of the bull market for microtransactions.

I was about to do that but then, I have the fiat to go for a physical casino, it was just reunion with some gambling friends but it was fun, the expenses for transacting with bitcoin is so high right that I chose to go for a physical ones to play.

[Lakai01]

That requires discipline for you to follow it, good strategy to limit your gambling activity
-snip-

Honestly, it's not as difficult as it sounds, you just have to keep 2 things in mind:

• You have to see gambling for what it is: a hobby that costs money and earns you nothing. Sounds simple, but that's exactly what is so hard to understand. Many people don't see it that way and think that you can earn money with gambling and quickly get into the spiral with "I'll play some more, then I'll win for sure".  - which may even lead to an addiction.
• It has to be hard to get access to the coins. If the coins are stored in a local wallet on your computer, for example, it is much easier to deposit them in a casino than if the coins are stored on a ledger that is also locked away somewhere (eg. in a safe, ...).

If you take these two things to heart, it's actually not hard to set yourself a gaming limit and stick to it.

[Saisher]

I'm not ready to gamble my $200 worth of Bitcoin when there is a possibility that this $200 will become $300 or even $400, Bitcoin is now the most valuable asset in Cryptocurrency so I prefer Tron, Doge, and other alternatives, I include the high transaction fee but it's only a secondary reason, I am hodling Bitcoin and trying my luck on altcoins.

[stadus]

That requires discipline for you to follow it, good strategy to limit your gambling activity
-snip-

Honestly, it's not as difficult as it sounds, you just have to keep 2 things in mind:

• You have to see gambling for what it is: a hobby that costs money and earns you nothing. Sounds simple, but that's exactly what is so hard to understand. Many people don't see it that way and think that you can earn money with gambling and quickly get into the spiral with "I'll play some more, then I'll win for sure".  - which may even lead to an addiction.
• It has to be hard to get access to the coins. If the coins are stored in a local wallet on your computer, for example, it is much easier to deposit them in a casino than if the coins are stored on a ledger that is also locked away somewhere (eg. in a safe, ...).

If you take these two things to heart, it's actually not hard to set yourself a gaming limit and stick to it.

I'm not saying I'm doing things that I will regret, I just can't resist gambling sometimes but good thing I am not losing money. Anyway, I should not worry as I will never risk more than what I can afford to lose, and I'm happy that you are doing well with gambling as your hobby.

[Oshosondy]

As for me, I believe it depends on the gambling site. Some gambling sites display user's account balance in dollars irrespective of the coin you use to send into your account, while some display exactly only the coin you sent. In the first case, I can deposit even dollar or altcoins but still make use of bitcoin to gamble, while in the second case which I can only make use of the coin that I deposited, because of the increase in bitcoin transaction fee and slow time of clearing the transaction from the mempool, it is not a welcome idea again. Instead, in the second case, I will prefer to make use of altcoins. Litecoin and ripple being my best altcoins with low fee and fast processing time. If gambling sites can try to support lightning network, it will be good, this will help to solve this scalping problem vs gambling site. But I doubt that because common exchanges have not even implemented lightning, I do not yet see gambling industry promising about it.

[xandry]

You are gambling with your Doges?
On which casino(s) are you allowed to play with Doge please? I'm interested. Thank you

It is strange that no one answered this simple question. I mean, most people just kept saying that they are using Dogecoin. No one reads the previous comments? ok, I can answer... Here is a list of casinos that accept Dogecoin: FortuneJack, Stake.com, Primedice, BitcoinCasino.us, Bitstarz, bitcoinpenguin.com, crypto.games and many more. If you could just try to find it yourself first...

[Karartma1]

I was playing with Dogecoin lately but after that huge rise we had thanks to Elon Musk some of my past bets feel very expensive!  I try not to bet with bitcoin anymore as it is hard to control the price/risk ratio when gambling and for that reason I prefer the old funny doge.

[boyptc]

I've hold Bitcoin gambling for a moment as a gambler profits means everything and many gambling platforms has increased their withdrawal threshold although its fine but some of them increase insane percentage to it.
That's why im going until everything is in calm then i'll re-enter the casino's or if can't hold my gambling habits i'll play with using alts.

Increased withdrawals? I don't think that many did. Because of the higher price of bitcoin, they've even considered to lower it.

You can always free to gamble with your altcoins, that's what many of the folks here are doing. Hold your bitcoin and spend the spare altcoins that you don't mind playing with.

[michellee]

I'm not ready to gamble my $200 worth of Bitcoin when there is a possibility that this $200 will become $300 or even $400, Bitcoin is now the most valuable asset in Cryptocurrency so I prefer Tron, Doge, and other alternatives, I include the high transaction fee but it's only a secondary reason, I am hodling Bitcoin and trying my luck on altcoins.

Using $200 worth of altcoin will be too big for us to gamble, and I think if we use the altcoin, we do not have to use $200. Maybe $50 or less will be enough for us to gamble because that can give us a big amount of Tron, Doge, or the other lower price coin. I am still holding bitcoin right now because soon, the price will break $50k, and the price is on going to that price.

[alegotardo]

As for me, I believe it depends on the gambling site. Some gambling sites display user's account balance in dollars irrespective of the coin you use to send into your account, while some display exactly only the coin you sent.

Can you show me a good gambling site that allows me to deposit and withdraw in cryptocurrencies but lock my dollar balance?
I honestly don't like the volatility that cryptocurrencies cause in my gambling wallet.

I usually use a spreadsheet to control my bets and profits, then this volatility ends up "breaking" with my accounts and I get lost control.

[xandry]

As for me, I believe it depends on the gambling site. Some gambling sites display user's account balance in dollars irrespective of the coin you use to send into your account, while some display exactly only the coin you sent.

Can you show me a good gambling site that allows me to deposit and withdraw in cryptocurrencies but lock my dollar balance?
I honestly don't like the volatility that cryptocurrencies cause in my gambling wallet.

That is what the site you are promoting right now does (duelbits). Have you ever tried to play on it? It is actually been discussed in their thread. Also automatically convert balance from cryptocurrency to dollars some other sites. For example sportsbetting.ag and betonline.ag
I only played on Duelbits, so personally I can only recommend this site.

[batang_bitcoin]

I was playing with Dogecoin lately but after that huge rise we had thanks to Elon Musk some of my past bets feel very expensive! 

This is the same feeling as what I've bet using bitcoin a few years back. But we have all that the same feeling of regret when we see the price of the crypto that we bet on to become expensive in the current times. But we can't go back to those old days anymore, I'm having that the same feeling too of thinking that my past bets were all expensive.

I'm not ready to gamble my $200 worth of Bitcoin when there is a possibility that this $200 will become $300 or even $400, Bitcoin is now the most valuable asset in Cryptocurrency so I prefer Tron, Doge, and other alternatives, I include the high transaction fee but it's only a secondary reason, I am hodling Bitcoin and trying my luck on altcoins.

TRON and Doge are good options to gamble with. Despite the rise in Doge, it's still a good preference just to keep our bitcoins for future proofs and rise. And we can still explore to see what are the other good altcoins that we can gamble in alternative of bitcoin. Well, yeah, they won't be alternative coins if they're not being used as what they're described.

[hahay]

It's still about adjustments, because if we don't take that into consideration it's very likely we'll just spend a lot of money just to pay fees. This will at least make us switch to other cryptos but it also does not rule out the possibility to keep using BTC because it is an option, and furthermore about the gameplay it will remain the same, which becomes different is the number of coins used considering the increased price of course adjustments will be made.

[milewilda]

It's still about adjustments, because if we don't take that into consideration it's very likely we'll just spend a lot of money just to pay fees. This will at least make us switch to other cryptos but it also does not rule out the possibility to keep using BTC because it is an option, and furthermore about the gameplay it will remain the same, which becomes different is the number of coins used considering the increased price of course adjustments will be made.

Adjustments would be made surely and majority of us will really not look upon on the amount of btc that you do spent out but rather basing off into its USD price at the
time we do tend to make a deposit and the rest is optional if we do go for altcoins on which the site does accept on and that would be great specially now that the
fees were too high and paying up almost $10 for a fee isnt really that good at all or does really hurt most of the gamblers specially the average spenders.
Price of bitcoin isnt really that much of a problem because we can really make out adjustments basing off on fiat value.

[ajaxmoor]

I still prefer Bitcoin but I have come to regret gambling with the Bitcoin I have had over the years. Back in 2015 and 2016 it was common for me to play poker with 0.2-0.3 btc on a table. I have won some, but lost more overall due to a few bad beats towards the later stages. But I still wish I never touched my investment into Crypto, and rather gambled with Fiat money.

Nowdays, I just convert Fiat to Crypto if I need to gamble with crypto. But otherwise, there are already so many options to legally gamble with Fiat, that I don't find the need to move to Crypto for my gambling needs, specially due to the high transaction fees.

[Silberman]

I'm not ready to gamble my $200 worth of Bitcoin when there is a possibility that this $200 will become $300 or even $400, Bitcoin is now the most valuable asset in Cryptocurrency so I prefer Tron, Doge, and other alternatives, I include the high transaction fee but it's only a secondary reason, I am hodling Bitcoin and trying my luck on altcoins.

I can respect that, the price of bitcoin has been growing significantly during the last year so I can understand that people are afraid that if they gamble their bitcoin right now not only they could lose their bitcoin but any potential profit they could have gotten out of it, but at least in my case the biggest roadblock are without a doubt the fees, you need to pay huge fees to send your money to the casino and in the case that against all odds you happen to be a winner now you need to pay the fees for the casino to send those coins to you reducing your margin of profit significantly.

[maydna]

I'm not ready to gamble my $200 worth of Bitcoin when there is a possibility that this $200 will become $300 or even $400, Bitcoin is now the most valuable asset in Cryptocurrency so I prefer Tron, Doge, and other alternatives, I include the high transaction fee but it's only a secondary reason, I am hodling Bitcoin and trying my luck on altcoins.

I can respect that, the price of bitcoin has been growing significantly during the last year so I can understand that people are afraid that if they gamble their bitcoin right now not only they could lose their bitcoin but any potential profit they could have gotten out of it, but at least in my case the biggest roadblock are without a doubt the fees, you need to pay huge fees to send your money to the casino and in the case that against all odds you happen to be a winner now you need to pay the fees for the casino to send those coins to you reducing your margin of profit significantly.

If we are worried about the bitcoin price that still increases, we can use the other coins such as Dogecoin, Tron, Eos or the other coins to gamble. By using altcoins, we can reduce the fees, and we can save our bitcoin to be sold at the exchange than to just for playing gambling. But using $200 will be too big to be used for playing gambling, and that is our decision to use little money to gamble. We should secure our bitcoin to sell at a high price to profit when the bitcoin price increases so high.

[Reatim]

Happy Friday, gamblers

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

With the Huge Fee sending Bitcoin and Ethereum now ? small gamblers or Low rollers like us are preventing from using this 2 coins resulting us to Find gambling sites that accepts other altcoins more than Bitcoin and Ethereum , and i also trying to play Using fiat now because of the same issues.
I don't know how long will this take but yeah this really affects our gambling activities. Imagine that paying 10-20$ just to send 50-100$? that's insane amount that we can use as another capital to have a chance winning.

[mardaed]

The first problem is the transaction fee of course right now if you are going to withdraw Bitcoin there is a very expensive transaction fee you needed to pay first in order to withdraw in regards with the price 1 Bitcoin is still 1 Bitcoin. 0.001 fixed amount I placed is still 0.001 amount I placed.