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Author Topic: BTC price VS gambling  (Read 3993 times)
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April 13, 2021, 09:02:36 AM
 #281

I wish more sites would add shitcoins to their betting tokens so that it would be more easier to gamble small sums of money just for fun. Even LN powered platforms are too much now if I think the potential price of bitcoin in a few years.
Over 60k marks the end of my btc gambling experience  Wink
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April 13, 2021, 05:50:07 PM
 #282

I love Litecoin but between all the other coins or tokens I prefer Tron every time I deposit to my favorite gambling site, I feel that it is not charging me because my transaction is not even reaching 1 cent, Tron is a must coin to include in every gambling site, it's very cheap and it's instant, you can play right away.
There really are coins like trx that don't ask a lot if it's not for free when you transactions.

That's why on these days, most casinos should add up some altcoin option for their users to have a choice which altcoin that has a cheap fee to be deposited.



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April 14, 2021, 10:35:29 AM
Merited by Dump3er (3)
 #283

That's why on these days, most casinos should add up some altcoin option for their users to have a choice which altcoin that has a cheap fee to be deposited.
Exactly.
It is more convenient and wise to convert Bitcoin to coins before moving it to gambling platforms. And most of my bitcoins I had to use are being converted to altcoins since the fees are very much expensive. It is a pain in the ass (sorry for the language).

Withdrawals and deposits are a luxury in Bitcoin right now. And I don’t think people consider it as an option for now.

Welcome to the alt season! Honestly, I’m currently enjoying altcoins in the market. Specially XRP. Anytime I had to satisfy my cravings in gambling. I have my altcoins ready to be moved out to the Gambling Platforms. And there you go, fees waved.

.
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April 14, 2021, 12:12:12 PM
 #284

That's why on these days, most casinos should add up some altcoin option for their users to have a choice which altcoin that has a cheap fee to be deposited.
Exactly.
It is more convenient and wise to convert Bitcoin to coins before moving it to gambling platforms. And most of my bitcoins I had to use are being converted to altcoins since the fees are very much expensive. It is a pain in the ass (sorry for the language).

Withdrawals and deposits are a luxury in Bitcoin right now. And I don’t think people consider it as an option for now.

Welcome to the alt season! Honestly, I’m currently enjoying altcoins in the market. Specially XRP. Anytime I had to satisfy my cravings in gambling. I have my altcoins ready to be moved out to the Gambling Platforms. And there you go, fees waved.

As altcoins season is here, it's expected that the price will pump more, but that should not affect our gambling needs beacuse fees are still reasonable for altcoins. I'm using xrp as well, transaction are instant while the transaction fee is not even 1 xrp, so it's very cheap compared to other altcoins.

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April 14, 2021, 03:52:46 PM
Merited by Nightz (2)
 #285

That's why on these days, most casinos should add up some altcoin option for their users to have a choice which altcoin that has a cheap fee to be deposited.
Exactly.
It is more convenient and wise to convert Bitcoin to coins before moving it to gambling platforms. And most of my bitcoins I had to use are being converted to altcoins since the fees are very much expensive. It is a pain in the ass (sorry for the language).

Withdrawals and deposits are a luxury in Bitcoin right now. And I don’t think people consider it as an option for now.

Welcome to the alt season! Honestly, I’m currently enjoying altcoins in the market. Specially XRP. Anytime I had to satisfy my cravings in gambling. I have my altcoins ready to be moved out to the Gambling Platforms. And there you go, fees waved.

No, not sorry for the language! Cheesy It is really a pain in the ass if gambling sites don't offer any cheap alternatives. Doesn't matter if you are a high roller, but otherwise it's sometimes not even worth depositing + withdrawal fees as well. BCH is fine, too I think.

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April 14, 2021, 09:15:15 PM
Merited by Nightz (1)
 #286

That's why on these days, most casinos should add up some altcoin option for their users to have a choice which altcoin that has a cheap fee to be deposited.
Exactly.
It is more convenient and wise to convert Bitcoin to coins before moving it to gambling platforms. And most of my bitcoins I had to use are being converted to altcoins since the fees are very much expensive. It is a pain in the ass (sorry for the language).

Withdrawals and deposits are a luxury in Bitcoin right now. And I don’t think people consider it as an option for now.

Welcome to the alt season! Honestly, I’m currently enjoying altcoins in the market. Specially XRP. Anytime I had to satisfy my cravings in gambling. I have my altcoins ready to be moved out to the Gambling Platforms. And there you go, fees waved.

No, not sorry for the language! Cheesy It is really a pain in the ass if gambling sites don't offer any cheap alternatives. Doesn't matter if you are a high roller, but otherwise it's sometimes not even worth depositing + withdrawal fees as well. BCH is fine, too I think.
Common altcoins that been listed or included on most gambling sites as their options.
LTC
DASH
DOGE
TRX
XRP
BCH

These are common alternatives if you are really eager to play gambling because fees now do sucks between btc and eth
but nothing to worry because of these alternatives.

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April 14, 2021, 09:24:27 PM
 #287

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
cannot be denied that the increase in prices and also the high gas fees greatly affect gamblers in carrying out Depo or WD on their favorite gambling sites.  adding a coin alternative is a good opportunity Karl, you have to be a step ahead of other sites, this is very important.  xmr, trx, doge and cardano could be good choices.

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April 14, 2021, 10:45:07 PM
 #288

Some people are inspired to gamble because they know that a rally will come after a bitcoin price increase. But the same people will also be seen not using Eth or Btc for withdrawals or transactions because they are well aware that the transaction fees will be ginormous. So it can definitely inspire and cause more people to invest but not in a way that most people think is conventional.

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April 14, 2021, 10:54:12 PM
 #289

Some people are inspired to gamble because they know that a rally will come after a bitcoin price increase. But the same people will also be seen not using Eth or Btc for withdrawals or transactions because they are well aware that the transaction fees will be ginormous. So it can definitely inspire and cause more people to invest but not in a way that most people think is conventional.

There are so many popular casinos now that are accepting a variation of alts with cheap transaction fees. Even BNB is now one of the choices to add in casinos because of its low fee. On my end, I am using alts other than btc or eth, as I just keep my satoshis as much as possible as well as eth because they are really gaining good price in the market. And it is a waste if I just lost it all in gambling.
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April 14, 2021, 11:04:13 PM
 #290

Some people are inspired to gamble because they know that a rally will come after a bitcoin price increase.

People are doing gambling, not because of the expected price rise but still the usual goal which is to always win.

Back in bitcoin's lowest price days, crypto-gambling is already in action. With the current high fees, the number of people involving in crypto-gambling also increasing in numbers.

Regardless of bitcoin price mooning or not, gambling activity by most won't be changed.

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April 14, 2021, 11:55:17 PM
 #291

That's why on these days, most casinos should add up some altcoin option for their users to have a choice which altcoin that has a cheap fee to be deposited.
Exactly.
It is more convenient and wise to convert Bitcoin to coins before moving it to gambling platforms. And most of my bitcoins I had to use are being converted to altcoins since the fees are very much expensive. It is a pain in the ass (sorry for the language).

Withdrawals and deposits are a luxury in Bitcoin right now. And I don’t think people consider it as an option for now.

Welcome to the alt season! Honestly, I’m currently enjoying altcoins in the market. Specially XRP. Anytime I had to satisfy my cravings in gambling. I have my altcoins ready to be moved out to the Gambling Platforms. And there you go, fees waved.
It is a pain if you're transferring $10 and you've got to pay $2-$5 of the fee. That's usually the situation for small-time gamblers but that fee for big-time gamblers doesn't matter much.

There's still gamblers that would get that as an option for withdrawals because of the price increase and it serves as part of their holdings once they withdraw it out of the casino.



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April 15, 2021, 12:51:54 AM
 #292

~

Regardless of bitcoin price mooning or not, gambling activity by most won't be changed.


That is the reality that I see right now regarding the price of Bitcoin which is pumped, which does not make gamblers enthusiastic about playing
gambling to decline. In fact, more and more I see new gambling platforms popping up, this means that the increase in the price of Bitcoin does not
reduce interest in gambling. I myself continue to play gambling every week, even though I know the price of Bitcoin is rising. Because if those who
are used to playing gambling, very hard not to play at all.

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April 15, 2021, 06:20:11 AM
 #293

The btc fees will drain my sats value if I keep on playing in BTC and not win at all. I switched to doge/xlm as the fees are much lower and they are faster to transfer as well. BTC is just a gem today with its current price and i will HODL to whatever sats value i have left in my stash. I used to transfer with ETH too but the current network congestion makes the fees beyond reasonable at all.

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April 15, 2021, 06:44:01 AM
 #294

The btc fees will drain my sats value if I keep on playing in BTC and not win at all. I switched to doge/xlm as the fees are much lower and they are faster to transfer as well. BTC is just a gem today with its current price and i will HODL to whatever sats value i have left in my stash. I used to transfer with ETH too but the current network congestion makes the fees beyond reasonable at all.

The BTC fees are quite high, so if we only gamble with a few bucks, then using BTC seems wrong. But if we win big and can cash out a few thousand USD then I would still go for BTC. The bigger problem I have when gambling long term, is that the return on BTC is so high these days, that making similar returns with gambling seems impossible. It might be just better to hold the coins and keep gambling with FIAT money. When using USD or EUR as base currency than converting too often just doesn't makes sense. Doge might be a good alternative, but the price is also rising recently.
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April 15, 2021, 08:15:31 AM
 #295

The BTC fees are quite high, so if we only gamble with a few bucks, then using BTC seems wrong. But if we win big and can cash out a few thousand USD then I would still go for BTC. The bigger problem I have when gambling long term, is that the return on BTC is so high these days, that making similar returns with gambling seems impossible. It might be just better to hold the coins and keep gambling with FIAT money. When using USD or EUR as base currency than converting too often just doesn't makes sense. Doge might be a good alternative, but the price is also rising recently.
Correct me if I'm wrong but don't crypto casinos have a local wallet that stores our funds when we gamble? Cause otherwise, it'd honestly be pretty stupid if we were charged fees for every gamble we do. Ofc, putting it in your wallet of small bucks in intervals can also be what you meant, but that could honestly easily be fixed by putting a monthly limit which you reload every month, + checking the network for when these fees are at three lowest. There are also alternatives like Doge as you said, and honestly, some people would still rather use crypto rather than fiat due to how easy it is to load your account at timees, compared to fiat (and ofc, its decentralization as well).

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April 15, 2021, 09:03:52 AM
 #296

Some people are inspired to gamble because they know that a rally will come after a bitcoin price increase. But the same people will also be seen not using Eth or Btc for withdrawals or transactions because they are well aware that the transaction fees will be ginormous. So it can definitely inspire and cause more people to invest but not in a way that most people think is conventional.

There are so many popular casinos now that are accepting a variation of alts with cheap transaction fees. Even BNB is now one of the choices to add in casinos because of its low fee. On my end, I am using alts other than btc or eth, as I just keep my satoshis as much as possible as well as eth because they are really gaining good price in the market. And it is a waste if I just lost it all in gambling.
Even if BNB is one of the choices for a gambler to gamble, they will prefer to hold BNB because, like bitcoin, ethereum, and litecoin, BNB price increases so that makes people do not want to use BNB to gamble. But yes, the altcoin can fill the gambler's wanting to gamble and many altcoins do not have to pay high transaction fees. One of the altcoins that will fit to gamble is TRX but the casino needs to add this coin since TRX is not available on many casinos.

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April 15, 2021, 03:15:07 PM
 #297

Some people are inspired to gamble because they know that a rally will come after a bitcoin price increase.
gamble using alts ? what if they loose their alts .
they wont have the chance to feel the rally but if they keep thier altcoins and use btc ,
the same event can happen when they loose thier btc
. the solution is they wont gamble but do hodl only or if they cant take limiting their selves they can divide their crypto for holding and gambling .
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April 15, 2021, 04:31:34 PM
 #298

Some people are inspired to gamble because they know that a rally will come after a bitcoin price increase.
gamble using alts ? what if they loose their alts .
they wont have the chance to feel the rally but if they keep thier altcoins and use btc ,
the same event can happen when they loose thier btc
. the solution is they wont gamble but do hodl only or if they cant take limiting their selves they can divide their crypto for holding and gambling .
So a lot of people will be inspired by the upcoming rally and they play gambling?
Then how do they spend a lot of money at gambling, of course, this will lose everything including their stored altcoins, so don't compare it, just want to profit in gambling, this will be very difficult, even trapping playing at gambling just to get big capital is the wrong way

Still, we have to be able to balance where we have to be able to divide between the two of holding and gambling because gambling will run out in an instant.

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April 15, 2021, 04:47:16 PM
 #299

That's why on these days, most casinos should add up some altcoin option for their users to have a choice which altcoin that has a cheap fee to be deposited.
Exactly.
It is more convenient and wise to convert Bitcoin to coins before moving it to gambling platforms. And most of my bitcoins I had to use are being converted to altcoins since the fees are very much expensive. It is a pain in the ass (sorry for the language).

Withdrawals and deposits are a luxury in Bitcoin right now. And I don’t think people consider it as an option for now.

Welcome to the alt season! Honestly, I’m currently enjoying altcoins in the market. Specially XRP. Anytime I had to satisfy my cravings in gambling. I have my altcoins ready to be moved out to the Gambling Platforms. And there you go, fees waved.

As altcoins season is here, it's expected that the price will pump more, but that should not affect our gambling needs beacuse fees are still reasonable for altcoins. I'm using xrp as well, transaction are instant while the transaction fee is not even 1 xrp, so it's very cheap compared to other altcoins.
Your statement is so random. How can you be sure that only because it seems to be alt season that prices will climb further? Transaction fees are irrelevant in this context in my opinion.
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April 15, 2021, 06:45:29 PM
 #300

Some people are inspired to gamble because they know that a rally will come after a bitcoin price increase.
gamble using alts ? what if they loose their alts .
they wont have the chance to feel the rally but if they keep thier altcoins and use btc ,
the same event can happen when they loose thier btc
. the solution is they wont gamble but do hodl only or if they cant take limiting their selves they can divide their crypto for holding and gambling .
Successful gamblers always keep the money they use for their everyday life and the money they use for gambling completely separated, they do it in this way in order to keep distance between those two types of money, this gives them the mental discipline that in the case they lose all of the money that they wanted to gamble they do not use the money that they need in order to pay their bills and other necessities to gamble, and even if we are not successful gamblers I think this is a strategy that we can use, it is important to keep our funds separated and to never mix them, that way you can gamble with the money that you have explicitly prepared for that purpose while still remaining invested in this market.

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