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Author Topic: BTC price VS gambling  (Read 3993 times)
CryptocurencyKing
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February 24, 2021, 07:05:52 PM
 #181

Hmmmm, at first, there wasn't much of a challenge and still there isn't much but, the problem often comes in terms of the fees and withdrawal limits. When it comes to staking, it becomes an added advantage that, same stake months back gets more value now. When it comes to deposit, the issue of fees becomes serious. Especially when the mempool is congested and the fees go up while, you've got the need for an urgent stake with little time on your side. Paying the fees to meet up with the fast approaching time becomes such a pained thing to do.
The issue of withdrawal limit always comes in terms of the value attached, you might want to withdraw very little in a coin that has more value like Btc and Eth but then, you end up withdrawing more than you need.
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February 24, 2021, 08:31:57 PM
 #182

There are already a lot of betting sites that are accepting XRP, these are some of the following sites.

1-cloudbet
2-Betcoin.ag
3-Bitsler
4-Betnomi

and many more I guess, but I only choose these sites as they are in bitcointalk and we can read some feedback about them.
https://wolf.bet/
https://fairspin.io/
www.betcoin.ag

These casinos do accept Ripple which you can really make out deposits making use of this coin.
Thank you very much for those lists Botnake and dunfida, I've finally found some websites listing XRP casinos on Google but most of casinos included in these listings aren't well known here unlike the ones you quoted, they sounds scammy. So maybe it would be a good idea to list them here in a thread.

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maydna
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February 25, 2021, 12:21:58 AM
 #183

~snip~
That is precisely why I feel like I am making big bets, the price of dogecoin is so low that I can bet a lot of doge and still make a very small bet, this makes me feel as if I am making these huge bets when in fact when I look at the amount in terms of dollars or bitcoin I am making very small bets, however that is the impression that I get if that is not the case with you that is fine, however dogecoin is critical for gamblers right now as the fees are still too high in bitcoin and for the most part if you make bets with a small amount of capital it is likely a great deal of that money will disappear in fees if we used bitcoin.

Dogecoin price is not too high, even if it was getting pump before, so we can still use Dogecoin to gamble. I can accept if I lose hundreds of Dogecoin because the value is still not too high, using bitcoin, ethereum, and litecoin. We can play for longer than we can use Dogecoin to bet, but we know that it is not recommended to play too long in gambling games. I am trying to prevent using bitcoin since the price starts to increase because I think that will impact the fees, and I don't want to send my bitcoin to gamble. At least, I can sell my bitcoin at the exchanges and make a big profit a few days ago when the price is at a high peak.

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Natalim
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February 25, 2021, 12:43:04 PM
 #184

~snip~
That is precisely why I feel like I am making big bets, the price of dogecoin is so low that I can bet a lot of doge and still make a very small bet, this makes me feel as if I am making these huge bets when in fact when I look at the amount in terms of dollars or bitcoin I am making very small bets, however that is the impression that I get if that is not the case with you that is fine, however dogecoin is critical for gamblers right now as the fees are still too high in bitcoin and for the most part if you make bets with a small amount of capital it is likely a great deal of that money will disappear in fees if we used bitcoin.

Dogecoin price is not too high, even if it was getting pump before, so we can still use Dogecoin to gamble. I can accept if I lose hundreds of Dogecoin because the value is still not too high, using bitcoin, ethereum, and litecoin. We can play for longer than we can use Dogecoin to bet, but we know that it is not recommended to play too long in gambling games. I am trying to prevent using bitcoin since the price starts to increase because I think that will impact the fees, and I don't want to send my bitcoin to gamble. At least, I can sell my bitcoin at the exchanges and make a big profit a few days ago when the price is at a high peak.
For me the coin does not matter because I always look at the total usd equivalent of what I'm gambling, what matters to me a lot is the blockchain fee and the withdrawal fee of a certain gambling sites, and with that, I can attest that Dogecoin is a great coin for gambling during the bullish period.

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February 25, 2021, 12:58:16 PM
 #185

Hmmmm, at first, there wasn't much of a challenge and still there isn't much but, the problem often comes in terms of the fees and withdrawal limits. When it comes to staking, it becomes an added advantage that, same stake months back gets more value now. When it comes to deposit, the issue of fees becomes serious. Especially when the mempool is congested and the fees go up while, you've got the need for an urgent stake with little time on your side. Paying the fees to meet up with the fast approaching time becomes such a pained thing to do.
The issue of withdrawal limit always comes in terms of the value attached, you might want to withdraw very little in a coin that has more value like Btc and Eth but then, you end up withdrawing more than you need.

That's the same experience as mine. It seems it is not much of a problem at first because every gambler can always adjust his bets. If they used to bet with 0.001 BTC before, they could always reduce their bets to 0.0005 BTC per unit. Everything is pretty flexible. The real problem really comes in the fees. The fees are so high these days it could even surpass your bet limit per unit. It is really inconvenient paying more than $10 in fees alone when you are just betting with less than $10 per unit. 
pawanjain
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February 25, 2021, 04:06:29 PM
 #186

There are already a lot of betting sites that are accepting XRP, these are some of the following sites.

1-cloudbet
2-Betcoin.ag
3-Bitsler
4-Betnomi

and many more I guess, but I only choose these sites as they are in bitcointalk and we can read some feedback about them.
https://wolf.bet/
https://fairspin.io/
www.betcoin.ag

These casinos do accept Ripple which you can really make out deposits making use of this coin.
Thank you very much for those lists Botnake and dunfida, I've finally found some websites listing XRP casinos on Google but most of casinos included in these listings aren't well known here unlike the ones you quoted, they sounds scammy. So maybe it would be a good idea to list them here in a thread.

I have been actively gambling on BC.GAME and good news for you it does accept XRP. So apart from the the sites mentioned above this one also can be a good option for you.
And if you would know it is quite a genuine gambling site and has a good reputation till date with large number of bonuses every now and then.

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Hamphser
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February 25, 2021, 06:12:33 PM
 #187

~snip~
That is precisely why I feel like I am making big bets, the price of dogecoin is so low that I can bet a lot of doge and still make a very small bet, this makes me feel as if I am making these huge bets when in fact when I look at the amount in terms of dollars or bitcoin I am making very small bets, however that is the impression that I get if that is not the case with you that is fine, however dogecoin is critical for gamblers right now as the fees are still too high in bitcoin and for the most part if you make bets with a small amount of capital it is likely a great deal of that money will disappear in fees if we used bitcoin.

Dogecoin price is not too high, even if it was getting pump before, so we can still use Dogecoin to gamble. I can accept if I lose hundreds of Dogecoin because the value is still not too high, using bitcoin, ethereum, and litecoin. We can play for longer than we can use Dogecoin to bet, but we know that it is not recommended to play too long in gambling games. I am trying to prevent using bitcoin since the price starts to increase because I think that will impact the fees, and I don't want to send my bitcoin to gamble. At least, I can sell my bitcoin at the exchanges and make a big profit a few days ago when the price is at a high peak.
For me the coin does not matter because I always look at the total usd equivalent of what I'm gambling, what matters to me a lot is the blockchain fee and the withdrawal fee of a certain gambling sites, and with that, I can attest that Dogecoin is a great coin for gambling during the bullish period.

Actually on the same situation where i dont mind about on USD value of bitcoin overall because when i do tend to make a deposit i dont vary on the exact amount of bitcoin that i should be spending out.

I do always adjust according to my usual genre of playing gambling when it comes to capital then it will vary on person to person neither sticking out with crypto value or with usd value most of the time.

Doge is the best choice and also with LTC when it comes to cheap fees and fast confirmations.

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February 25, 2021, 06:20:47 PM
 #188

That's the same experience as mine. It seems it is not much of a problem at first because every gambler can always adjust his bets. If they used to bet with 0.001 BTC before, they could always reduce their bets to 0.0005 BTC per unit. Everything is pretty flexible. The real problem really comes in the fees. The fees are so high these days it could even surpass your bet limit per unit. It is really inconvenient paying more than $10 in fees alone when you are just betting with less than $10 per unit.  

I suppose that anyone who made transactions in ETH or BTC network recently understands, that using these cryptocurrencies as payment system is extremely irrational. I think that if we will see further growth of first two cryptocurrencies, then casinos will gradually abandon them in favor of less loaded networks, offering users super low commissions and lightning-fast transactions.

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February 26, 2021, 01:17:21 AM
 #189

~snip~
For me the coin does not matter because I always look at the total usd equivalent of what I'm gambling, what matters to me a lot is the blockchain fee and the withdrawal fee of a certain gambling sites, and with that, I can attest that Dogecoin is a great coin for gambling during the bullish period.

So far, we have a problem with the fee of withdrawal or deposit that we send from the other wallet. If we use bitcoin, I am afraid that the fee will be too high, even if that is for 15k satoshi because the bitcoin price now is at $46k-$47k. Dogecoin becomes famous since the price is not too high and the fee itself is not too much compared to the other coins. Dogecoin is available on many gambling sites, so we don't have to get a problem using that coin to gamble.

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February 26, 2021, 02:36:50 AM
 #190

~snip~
For me the coin does not matter because I always look at the total usd equivalent of what I'm gambling, what matters to me a lot is the blockchain fee and the withdrawal fee of a certain gambling sites, and with that, I can attest that Dogecoin is a great coin for gambling during the bullish period.

So far, we have a problem with the fee of withdrawal or deposit that we send from the other wallet. If we use bitcoin, I am afraid that the fee will be too high, even if that is for 15k satoshi because the bitcoin price now is at $46k-$47k. Dogecoin becomes famous since the price is not too high and the fee itself is not too much compared to the other coins. Dogecoin is available on many gambling sites, so we don't have to get a problem using that coin to gamble.
I agree, I think that Doge is a cryptocurrency that is easy to use, the fees are very low and people can actually bet according to the equivalent of USD or Eur, this could be cheaper and more attractive, as it can happen with TRX, BNB which are currencies that are being widely accepted by casinos.

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February 26, 2021, 08:05:13 AM
 #191

Why do you like Ripple so much considering is some crappy banks' token'? I never liked XRP as it is mostly used by banks worldwide: hundreds of financial choose ripplenet and you want to gamble with that? It sounds quite funny to me, sorry.
Better using the old hilarious Doge
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February 26, 2021, 08:09:02 AM
 #192

Why do you like Ripple so much considering is some crappy banks' token'? I never liked XRP as it is mostly used by banks worldwide: hundreds of financial choose ripplenet and you want to gamble with that? It sounds quite funny to me, sorry.
Better using the old hilarious Doge

Exactly.You cannot really expect anything good from some crypto which is a bank token.Bitcoin price unfortunately is going a bit down in a correction move which I think it will go up again soon but Litecoin or Doge is there for us to use real cheap fees for withdrawing and not be affected by Bitcoin and Ethereum extremely high fees during this time.

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February 26, 2021, 08:40:32 AM
 #193

Why do you like Ripple so much considering is some crappy banks' token'? I never liked XRP as it is mostly used by banks worldwide: hundreds of financial choose ripplenet and you want to gamble with that? It sounds quite funny to me, sorry.
Better using the old hilarious Doge

Exactly.You cannot really expect anything good from some crypto which is a bank token.Bitcoin price unfortunately is going a bit down in a correction move which I think it will go up again soon but Litecoin or Doge is there for us to use real cheap fees for withdrawing and not be affected by Bitcoin and Ethereum extremely high fees during this time.
I do not really know why people cannot see it, maybe because they only watch the coins' names on coinmarketmap but never research what they are.
Thanks to Elon, Doge has much more space to grow in this business industry and you will see many more platforms will start accepting and implementing it.
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February 26, 2021, 09:23:54 AM
 #194

Why do you like Ripple so much considering is some crappy banks' token'? I never liked XRP as it is mostly used by banks worldwide: hundreds of financial choose ripplenet and you want to gamble with that? It sounds quite funny to me, sorry.
Better using the old hilarious Doge

Exactly.You cannot really expect anything good from some crypto which is a bank token.Bitcoin price unfortunately is going a bit down in a correction move which I think it will go up again soon but Litecoin or Doge is there for us to use real cheap fees for withdrawing and not be affected by Bitcoin and Ethereum extremely high fees during this time.
I do not really know why people cannot see it, maybe because they only watch the coins' names on coinmarketmap but never research what they are.
Thanks to Elon, Doge has much more space to grow in this business industry and you will see many more platforms will start accepting and implementing it.
I hope so so Doge would really get the right adoption, it's been stuck for years already until Elon hype this coin, and it will be huge if Tesla will start accepting DOGE as this is the most coin that he hype a lot, even took this to the moon, *with a picture in twitter...
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February 26, 2021, 10:41:27 AM
 #195

Why do you like Ripple so much considering is some crappy banks' token'? I never liked XRP as it is mostly used by banks worldwide: hundreds of financial choose ripplenet and you want to gamble with that? It sounds quite funny to me, sorry.
Better using the old hilarious Doge

Exactly.You cannot really expect anything good from some crypto which is a bank token.Bitcoin price unfortunately is going a bit down in a correction move which I think it will go up again soon but Litecoin or Doge is there for us to use real cheap fees for withdrawing and not be affected by Bitcoin and Ethereum extremely high fees during this time.
I do not really know why people cannot see it, maybe because they only watch the coins' names on coinmarketmap but never research what they are.
Thanks to Elon, Doge has much more space to grow in this business industry and you will see many more platforms will start accepting and implementing it.
I hope so so Doge would really get the right adoption, it's been stuck for years already until Elon hype this coin, and it will be huge if Tesla will start accepting DOGE as this is the most coin that he hype a lot, even took this to the moon, *with a picture in twitter...

well doge is accepted in many casinos, tesla accepting it would sure pump its price. Elon is shilling it and i guess he sees doge as the closest coin that the entire population on earth could possible afford to have. its code is base on BTC and its faster. there is no reason not to like doge.

for xrp though. there is a 3rd party coins.ph in my country where we can exchange xrp to fiat right after withdrawing. its easy to like XRP being that way than having doge which we can't do.










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February 26, 2021, 10:51:24 AM
 #196

I could be wrong on my view but beck in the days ( talking about 2013 to 2017) Bitcoin was somehow detached from its USD value for the most gamblers : it saw seen like a playcoin and players used to gamble away much more than they use to do now.
A couple of historic gambling site like luckybit and yolodice closing down during this huge btc price run can't be a coincidence imo ( even if yolodice owners seem to be closing for "personal" reasons).

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February 26, 2021, 11:02:37 AM
 #197


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

In my opinion, I think if you will only look for the quantity of Bitcoin you're betting and not on the price of it, it won't affect your decisions if betting Bitcoin is worth it or not. However, if you're gonna think about it's price on the quantity or Bitcoin you're going to bet, obviously you're gonna have second thoughts about it, if you're practical enough to save money while playing gambling.

If I were going to play gambling now, I would rather play with another coin like XRP for example to minimize my losses in the long run.
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February 26, 2021, 03:23:15 PM
 #198

XRP and doge coins are currently added to casinos due to the higher fees of bitcoin and ethereum. The fees are much lower and the value of the currencies is increasing due to higher demand the doge coin is supportable in many places and how much it will pump will depend on the choice of the people. However it is coming soon that these coins will pump a lot and all gamblers will choose the doge and XRP.

Doge has not even reach 1usd, so there's nothing to worry on its fee as even if the price will increase, the fees are still acceptable. At least this gives us an option to use altcoins when bitcoin and ETH blockchain fee is high, this will save us a huge expenses on fees and our capital in gambling will not be reduce a lot due to high fees.

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February 26, 2021, 07:23:36 PM
 #199

That's the same experience as mine. It seems it is not much of a problem at first because every gambler can always adjust his bets. If they used to bet with 0.001 BTC before, they could always reduce their bets to 0.0005 BTC per unit. Everything is pretty flexible. The real problem really comes in the fees. The fees are so high these days it could even surpass your bet limit per unit. It is really inconvenient paying more than $10 in fees alone when you are just betting with less than $10 per unit.  

I suppose that anyone who made transactions in ETH or BTC network recently understands, that using these cryptocurrencies as payment system is extremely irrational. I think that if we will see further growth of first two cryptocurrencies, then casinos will gradually abandon them in favor of less loaded networks, offering users super low commissions and lightning-fast transactions.
I don't think that most casinos will do that. Although the fees really are extremely high unlike before.

They won't just remove those two if they've been accepting it for a long time. These two cryptos are still top of the line but they'll really need to put a solution on it by accepting other cryptos that can be a better alternative.



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February 26, 2021, 08:54:34 PM
 #200

That's the same experience as mine. It seems it is not much of a problem at first because every gambler can always adjust his bets. If they used to bet with 0.001 BTC before, they could always reduce their bets to 0.0005 BTC per unit. Everything is pretty flexible. The real problem really comes in the fees. The fees are so high these days it could even surpass your bet limit per unit. It is really inconvenient paying more than $10 in fees alone when you are just betting with less than $10 per unit.  
I suppose that anyone who made transactions in ETH or BTC network recently understands, that using these cryptocurrencies as payment system is extremely irrational. I think that if we will see further growth of first two cryptocurrencies, then casinos will gradually abandon them in favor of less loaded networks, offering users super low commissions and lightning-fast transactions.
I don't think that most casinos will do that. Although the fees really are extremely high unlike before.
They won't just remove those two if they've been accepting it for a long time. These two cryptos are still top of the line but they'll really need to put a solution on it by accepting other cryptos that can be a better alternative.
And not just that, as it was already high valued crypto I don't think that'll be easy to give up even though there will be less users that will use them as payments.
Besides, for some casinos this was their main reason and goal on building up such platform, as to make good use of these two top cryptos and at the same time earn from them as it will bring more fortune when the time comes just like now.
Haven't you think of that? most people can't get their lost BTCs as the current value and fees are way to high to be handled so the house will be on a win-win by holding so much of these crypto. (depends on how much they earned these past months, obviously)
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