BTC price VS gambling

[Peanutswar]

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.

Due to increasing the market price of the cryptocurrency especially the bitcoin and ethereum the fees become higher too and if you are a small-time gambler this is a huge issue because most of your funds or winnings will come into the transaction fees only but one good thing is there are some gambling platforms offering a priority method to their users which is you can set into a low, medium and high priority, of course, its set into the different amount for the transactions fees this is a win-win situation for the user because they have the option if they want to cash out but it takes longer time to receive the amount.

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[leea-1334]

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.

I used to not really adjust,,,, but this was when the price was below $10k range. This was because in my mind I always just rounded up to $10k even though it was not really.

But once price went to 20k and more,,, yes for sure I started thinking different. $1 bets are now $5 and every time I get BTC now it becomes smaller in units so naturally my bets also become smaller.

But does not change gameplay at all:)

[traderethereum]

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.

I would not bother with the transaction fee because we can use the other altcoins to minimize the fees.
Fortunately, we can use the gambling site to convert the bitcoin we have to altcoins and send it to the altcoin wallets.
We can sell the altcoin at the exchange to get bitcoin again or we can hold the altcoin until the price can increase higher, so we can get more bitcoin.
We have so many options to withdraw bitcoin by using altcoins, so that will not be a problem.
The transaction fee of bitcoin will increase, so we do not have to use bitcoin to gamble.

[arwin100]

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.

I would not bother with the transaction fee because we can use the other altcoins to minimize the fees.
Fortunately, we can use the gambling site to convert the bitcoin we have to altcoins and send it to the altcoin wallets.
We can sell the altcoin at the exchange to get bitcoin again or we can hold the altcoin until the price can increase higher, so we can get more bitcoin.
We have so many options to withdraw bitcoin by using altcoins, so that will not be a problem.
The transaction fee of bitcoin will increase, so we do not have to use bitcoin to gamble.

That's why its still the same because you need to convert your bitcoin to alts before you can deposit it on casino and for that you still need high fee's for transferring your bitcoins unto the exchangers or where you convert your bitcoins. That's why for casino they should implement a exchange feature to minimize the hassle brought by doing this option since it could save there users for the big time hassle brought by this certain situation and their user could decide on which coin they can use upon betting if they don't like btc since its expensive.

[Kelvinid]

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.

If you'll transact from your wallet to a gambling site, transaction fee could sometimes be cheaper but when you transact from gambling sites, that's where you will certainly fee the high transaction fee... some site charge 0.0005 per withdrawal and that is $25 usd at the current price, not all gamblers can pay for that, I mean majority of us will see it as a high fee.

[kotajikikox]

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.

But that 0.2-0.3 Bitcoin back then is equivalent to maybe 0.0005-8 Bitcoin meaning if you come to save some btc back then? for sure you have tons to use for betting now things that i really regret.

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.

It's indeed applicable but the problem is the transaction fee, most of the time that i send now  or deposit ? i spent almost 10-20$ while i can use that for a round in roulette or Slot machines.

[freedomgo]

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.

If you'll transact from your wallet to a gambling site, transaction fee could sometimes be cheaper but when you transact from gambling sites, that's where you will certainly fee the high transaction fee... some site charge 0.0005 per withdrawal and that is $25 usd at the current price, not all gamblers can pay for that, I mean majority of us will see it as a high fee.

It is what it is, some gambling sites have a fix fee for every transaction, that is regardless of the amount, therefore you have to accept that fees are high during the bullish market, however, gambling sites are giving as an alternative payment method aside from bitcoin, if we explore enough, we can certainly find altcoins that we can use in gambling and we don't need to pay the high fees.

[xandry]

By the way, I keep using bitcoin for gambling. But I don’t make transactions with huge commissions. I play only the money that I win in free competitions at this forum. And once I was lucky enough to win a bitcasino contest. And on all sites bitcoin was converted to USD or EUR automatically.

[Oshosondy]

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 think the quote below will help. I have also participated in betnomi campaign before, we were paid into our betnomi betting account. The amount is also fixed, you can use bitcoin or many altcoins to deposit. You balance will be in dollar, and it is not fluctuating. You can use any of the altcoin to withdraw using a very cheap fee, I used litecoin which have a very low fee.

It is what it is, some gambling sites have a fix fee for every transaction, that is regardless of the amount, therefore you have to accept that fees are high during the bullish market, however, gambling sites are giving as an alternative payment method aside from bitcoin, if we explore enough, we can certainly find altcoins that we can use in gambling and we don't need to pay the high fees.

[molsewid]

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.

Yes that is why some gambling site offers different coin such as eth, doge, xrp, eos and ltc . If we want to gamble we can choose different coin to bet we can make a way , then after getting some profits we can transfer it in an exchange and trade it with bitcoin, that is what I am doing with stake and dice before I am using EOS in dice then I wil send it in my wallet to exchange for bitcoin.

[traderethereum]

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.

I would not bother with the transaction fee because we can use the other altcoins to minimize the fees.
Fortunately, we can use the gambling site to convert the bitcoin we have to altcoins and send it to the altcoin wallets.
We can sell the altcoin at the exchange to get bitcoin again or we can hold the altcoin until the price can increase higher, so we can get more bitcoin.
We have so many options to withdraw bitcoin by using altcoins, so that will not be a problem.
The transaction fee of bitcoin will increase, so we do not have to use bitcoin to gamble.

That's why its still the same because you need to convert your bitcoin to alts before you can deposit it on casino and for that you still need high fee's for transferring your bitcoins unto the exchangers or where you convert your bitcoins. That's why for casino they should implement a exchange feature to minimize the hassle brought by doing this option since it could save there users for the big time hassle brought by this certain situation and their user could decide on which coin they can use upon betting if they don't like btc since its expensive.

If the casino can add that feature on their site, I think members will be happy because they can use the altcoin besides litecoin and ethereum to gamble.
That will benefit the casino as they can attract more gamblers to play on their site, especially if their site has many attractive gambling games.
A gambler does not need to deposit using bitcoin, especially if the bitcoin price now is at $51k because many gamblers will think twice to use bitcoin for gambling.
It is an option for the site, but it will really help the gamblers if they can apply those features.

[Janation]

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.

That is the annoying part.

I am thinking of saving the amount I am using to bet on some games but then I remember that I need to pay for the transaction fee and that is the one that kept me from saving them so out of my annoyance, I bet some of them and when I cooled down, my .006 which I bet .000001 per roll became .009. I guess I'll keep on betting them rather than just withdraw and save them.

[pinggoki]

Actually when the bitcoin surge into $30,000 I've already switch to other coins just like xrp to cut the fees when I am depositing and withdrawing my winnings and I suggest to everyone that do it also the same as what I am doing right now because we all know that when we are using bitcoin to deposit and withdraw in the casino it has a high fees so that what we need to do is to switch to other coins to avoid those fees. I think it is a smart move for all of us if we will do it.

[ralle14]

If you'll transact from your wallet to a gambling site, transaction fee could sometimes be cheaper but when you transact from gambling sites, that's where you will certainly fee the high transaction fee... some site charge 0.0005 per withdrawal and that is $25 usd at the current price, not all gamblers can pay for that, I mean majority of us will see it as a high fee.

The worst thing about those sites is they use a low fee. but there's still a lot of sites that charge reasonable (or sometimes free) fees. 

If the casino can add that feature on their site, I think members will be happy because they can use the altcoin besides litecoin and ethereum to gamble.
That will benefit the casino as they can attract more gamblers to play on their site, especially if their site has many attractive gambling games.
A gambler does not need to deposit using bitcoin, especially if the bitcoin price now is at $51k because many gamblers will think twice to use bitcoin for gambling.
It is an option for the site, but it will really help the gamblers if they can apply those features.

An exchange inside the casino is indeed a good feature but the downside is that the rates aren't always the best so if you're planning ahead of time to gamble with alts it's much better to convert your money from an actual exchange to get the best rates possible. The casino's exchange is only good for a few scenarios like if you want to avoid the withdrawal fees or your balance is below the minimum withdraw.

[Bitcoinislife09]

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

It's a little bit of a problem on the user side number one is bitcoin has a high transaction fee. When I deposit my funds on the gambling website it would take sometimes more than 10$ of transaction fee because I'm using bitcoin it wants just a small value of bitcoin but since the price increase, something like .0006 would cost you up to 20$ or more today. Some of the gambling websites do not support other cryptocurrencies mostly bitcoin and ETH only that is both have high fees. The same thing when you're going to withdraw your money from the websites luckily withdrawing from the gambling website that I play does not cost that much in depositing. In terms of using bitcoin to play, it doesn't affect that much since you could win a big value and it's a good investment if it is bitcoin.

[dunfida]

If you'll transact from your wallet to a gambling site, transaction fee could sometimes be cheaper but when you transact from gambling sites, that's where you will certainly fee the high transaction fee... some site charge 0.0005 per withdrawal and that is $25 usd at the current price, not all gamblers can pay for that, I mean majority of us will see it as a high fee.

The worst thing about those sites is they use a low fee. but there's still a lot of sites that charge reasonable (or sometimes free) fees. 

One of the most common problem when you do gamble not only on btc price but also with the fees neither you do withdraw on a gambling site or just solely sending out coins from your wallet into the platform.

Dynamic fees does have its cons and pros which you can really expect that transfers would really be that fast but somewhat its expensive compared into those
small fees that had been set but getting confirmation or waiting time is just too long.

[CarnagexD]

Some casinos switching to altcoins in order to save money, it didn't really heavily affect the nature of most gambling sites like how many people projected it would be a few months back, just a bunch of change in codes and all and it is all bueno. Now what I'm a bit concerned about is the fact that whenever bitcoin rallies up, it takes with it a couple of cryptocurrencies, so higher values means higher fees in the process.

[carlfebz2]

Some casinos switching to altcoins in order to save money, it didn't really heavily affect the nature of most gambling sites like how many people projected it would be a few months back, just a bunch of change in codes and all and it is all bueno. Now what I'm a bit concerned about is the fact that whenever bitcoin rallies up, it takes with it a couple of cryptocurrencies, so higher values means higher fees in the process.

Just like what happened on ETH where i didnt expect that it would rose up its fees because this is the common altcoin i do switch up when bitcoin fee are high.

Luckily that on the current casino ive been playing does really have lots of altcoin option for you to make a deposit without bothering yourself about fees.

[Fredomago]

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.

That is the annoying part.

I am thinking of saving the amount I am using to bet on some games but then I remember that I need to pay for the transaction fee and that is the one that kept me from saving them so out of my annoyance, I bet some of them and when I cooled down, my .006 which I bet .000001 per roll became .009. I guess I'll keep on betting them rather than just withdraw and save them.

Wow, in your case you are winning and it's because of your anoying situation though lets face it, things ain't like that as always, chances that you'll also face losing streak is always possible as you are working inside gambling activity. But it's you who take the action since Bitcoin fee really kills gamblers funds. Just take precuation to avoid losing it all better than anything.

Actually when the bitcoin surge into $30,000 I've already switch to other coins just like xrp to cut the fees when I am depositing and withdrawing my winnings and I suggest to everyone that do it also the same as what I am doing right now because we all know that when we are using bitcoin to deposit and withdraw in the casino it has a high fees so that what we need to do is to switch to other coins to avoid those fees. I think it is a smart move for all of us if we will do it.

One of the straegy that most gamblers are doing right now, especially those crypto gamblers as they are well aware of the fees that they've needed to covered while in the process of transferring their funds.

You need to adjust as the chain required you to pay more in USD value and it's really pain in the ass. Allowing yourself to find alternative ways to continue your betting activity with enjoyable outcome and not a strressful one when you are in the process of withdrawing your money.

[Janation]

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.

That is the annoying part.

I am thinking of saving the amount I am using to bet on some games but then I remember that I need to pay for the transaction fee and that is the one that kept me from saving them so out of my annoyance, I bet some of them and when I cooled down, my .006 which I bet .000001 per roll became .009. I guess I'll keep on betting them rather than just withdraw and save them.

Wow, in your case you are winning and it's because of your anoying situation though lets face it, things ain't like that as always, chances that you'll also face losing streak is always possible as you are working inside gambling activity. But it's you who take the action since Bitcoin fee really kills gamblers funds. Just take precuation to avoid losing it all better than anything.

This is one of the best streaks I have so far.

The highest with 13 win streaks with just, I think 10 or 11 lose streaks. Still, I am not planning to withdraw it, maybe I'll just keep on using it in the first place, that funds are occupied for gambling but yeah, I feel so confident all of a sudden. Not just because I have this great win but also because my bets seem expensive