BTC price VS gambling

[stadus]

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 .

you should not feel that way, using bitcoin or altcoins doesn't matter anymore, you are gambling your aim is to win whatever cryptocurrency you are using. If you are more concern on the price movement, then you should not gamble, just trade instead. Gambling and investing should be treated separately, just not to mess  up what you are doing.

[Nightz]

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! 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.

I have been using BCH lately and honestly speaking in regards to the fees Roger Ver is definitely right. BTC can't be used if you are not a high stakes player. BCH works fine.

[michellee]

you should not feel that way, using bitcoin or altcoins doesn't matter anymore, you are gambling your aim is to win whatever cryptocurrency you are using. If you are more concern on the price movement, then you should not gamble, just trade instead. Gambling and investing should be treated separately, just not to mess  up what you are doing.

If he aims to win using cryptocurrency, I am afraid that he will use too many amounts because he will not stop playing gambling before he wins. That will make him have a chance to big lose in gambling but if he can be wise and think for a while, he will think to use the crypto for trade or investing and not trying to use it to gamble. Maybe both gambling and investing need allocation funds that he should use not to impact his money or saving fund.

[aioc]

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

I stopped playing when Bitcoin was $50k and now that it is on the $60k I still did not play with Bitcoin, the gambling sites that I'm playing has a wide number of coins to choose from, I shifted to these coins because of the minimal fee and the transaction fee, I'm not the only one shifting to other coins majority of players based on one thread I read about using other coins as an option.

[Dump3er]

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 .

If you want to gamble anyway you are better off using alts rather than BTC or ETH.

[Wexnident]

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 .

Man, it's not like you're going to use your entire bankroll for gambling. If your style is to gamble while hoping it actually increases due to rallies, then separate your expenses, properly manage your portfolio. Losing your alts? You lost it at that price, so it's going to stay at that price. No use in crying over spilled milk imo. Now if you're afraid of losing money due to missing a rally since you lost your funds in gambling, then don't bloody gamble in a crypto casino, look for a fiat-based one where it isn't affected by the crypto market. You're gambling and with crypto at that, price changes is a NATURAL thing at this point in time.

And if we were to pick of the two poisons, pick the one that involves less loses, in this case, altcoins since they offer cheaper fees compared to BTC.

[Ziskinberg]

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 .

If you want to gamble anyway you are better off using alts rather than BTC or ETH.

Indeed, for now only because of the high transaction fee, but if you don't feel paying $10 to $20 per transaction, then it's okay to use bitcoin and ETH in gambling, but since most of the gamblers are not really gambling with a decent amount, then altcoins would always come to the rescue.

[yazher]

Indeed, for now only because of the high transaction fee, but if you don't feel paying $10 to $20 per transaction, then it's okay to use bitcoin and ETH in gambling, but since most of the gamblers are not really gambling with a decent amount, then altcoins would always come to the rescue.

The price of 1 transaction in BTC today is quite high and if you just send some small amount of BTC, then you might as well need the same amount for your transaction fees. ETH is also the same, last time when I tried to send some of my altcoins, I need to pay more than I used to pay. the more the price has reached another ATH, the more we need to pay their transaction fees.

[stadus]

Indeed, for now only because of the high transaction fee, but if you don't feel paying $10 to $20 per transaction, then it's okay to use bitcoin and ETH in gambling, but since most of the gamblers are not really gambling with a decent amount, then altcoins would always come to the rescue.

The price of 1 transaction in BTC today is quite high and if you just send some small amount of BTC, then you might as well need the same amount for your transaction fees. ETH is also the same, last time when I tried to send some of my altcoins, I need to pay more than I used to pay. the more the price has reached another ATH, the more we need to pay their transaction fees.

Definitely, that's what we need some timing when making a deposit, and don't deposit an amount that you can just use for one day, maybe a week or a month would be good enough, just learn the right way of managing your bankroll so it will last and you'll withdraw when you have a big wins that would not make you feel the high fees anymore.

[AicecreaME]

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.

I disagree.

Transaction fees, the price of Bitcoin and other Altcoins are the things every gamblers should always consider before depositing or manage their bettings. However, transaction fees in Ethereum, which is an altcoin is sometimes expensive, unlike any other Altcoins. I'm not a gambler (I was) and mostly the Altcoins gambling sites use are Ethereum, Litecoin, and Monero if I'm not mistaken, their main coin is of course Bitcoin.

Depositing with high transaction fees will give you more amount of money that you could lose in gambling in the long run.

[South Park]

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 .

you should not feel that way, using bitcoin or altcoins doesn't matter anymore, you are gambling your aim is to win whatever cryptocurrency you are using. If you are more concern on the price movement, then you should not gamble, just trade instead. Gambling and investing should be treated separately, just not to mess  up what you are doing.

There are some arguments to be made that if you have several cryptocurrencies that you should gamble the one that you think has less chances of moving positively during the short term as it is preferable to keep the best performing coin so you can keep those profits, however if someone does not want to lose at all the value of their bitcoin or altcoins I agree that such kind of person must not gamble at all as his regrets are going to be unbearable if he happens to gamble and losses his coins.

[dimonstration]

The price of 1 transaction in BTC today is quite high and if you just send some small amount of BTC, then you might as well need the same amount for your transaction fees. ETH is also the same, last time when I tried to send some of my altcoins, I need to pay more than I used to pay. the more the price has reached another ATH, the more we need to pay their transaction fees.

Transaction fees of most popular altcoins were reached too high than expected, so whenever having a transaction we need to be sure off on what transaction is it since even we try to shift it into altcoins price were really high nowadays which can also affect those who are in gambling addiction as some of their budget will be much lesser once hey begun to play.

[STT]

I looked up ETH today for some holding I have and its approaching 50 dollars which because Im not rich is too much to consider.    LTC was more reasonable still and one I found always worth checking was ETC though nothing is perfect now.

I have been using BCH lately and honestly speaking in regards to the fees Roger Ver is definitely right. BTC can't be used if you are not a high stakes player. BCH works fine.

He is not all wrong but splitting the base and forking was not right either, he would have won more battles staying within the space rather then trying to force anyone to agree with him.   Ultimately the miners decided BTC was the correct direction which is as close to democracy that this space is going to get which means he needs to keep trying to peacefully compete and suggest improvements rather then derailing the main blockchain which seems to be his tactics.   That just makes him wrong and a problem rather then aid at that point, Im not sure he did anything useful as we already had alternative blockchains so I do disagree with his idea to declare himself the true definition of Bitcoin.

[judeafante]

I looked up ETH today for some holding I have and its approaching 50 dollars which because Im not rich is too much to consider.    LTC was more reasonable still and one I found always worth checking was ETC though nothing is perfect now.

If you can wait you can deposit Ethereum cheap by checking the gas tracker, but the real problem is when you are trying to withdraw your Ethereum earnings which is double the fee that you've used when depositing, I prefer using other coins, both Ethereum and Bitcoin will just eat your profit when withdrawing, only Betfury is implementing Ethereum withdrawing using the Binance chain all the others are not.

[STT]

gas tracker

Can you suggest one to me or post what you use because I have no doubt in future I'll be in a rush looking for one and running into all kinds of unreliable sites.  For Bitcoin I most often check a twitter feed where they post the most viable fees vs time frames it might actually be picked up.   This morning it took hundreds of sats per byte to get anything moved hours later, I dont think thats especially a working system really because the bulk of genuine revenue and trade resides with the normal average people who arent especially rich and will just go elsewhere and lose crypto business.

[traderethereum]

I looked up ETH today for some holding I have and its approaching 50 dollars which because Im not rich is too much to consider.    LTC was more reasonable still and one I found always worth checking was ETC though nothing is perfect now.

If you can wait you can deposit Ethereum cheap by checking the gas tracker, but the real problem is when you are trying to withdraw your Ethereum earnings which is double the fee that you've used when depositing, I prefer using other coins, both Ethereum and Bitcoin will just eat your profit when withdrawing, only Betfury is implementing Ethereum withdrawing using the Binance chain all the others are not.

If you deposit ethereum, you need to pay the gas from the first wallet because the gas will be the fee you need to pay.
The fee will not smaller than the casino because I think they have different standards for gas that people need to pay.
Using the other coins will reduce the fee and I think many gamblers know what altcoin they can use to gamble.
The casino itself will try to add the other coins to facilitate the members to deposit or withdraw so that can be their services to make members satisfy.

gas tracker

Can you suggest one to me or post what you use because I have no doubt in future I'll be in a rush looking for one and running into all kinds of unreliable sites.  For Bitcoin I most often check a twitter feed where they post the most viable fees vs time frames it might actually be picked up.   This morning it took hundreds of sats per byte to get anything moved hours later, I dont think thats especially a working system really because the bulk of genuine revenue and trade resides with the normal average people who arent especially rich and will just go elsewhere and lose crypto business.

You can check on https://ethgasstation.info/.
I will check the gas fee on that site before I send ethereum.
So far, that help me to know how much the gas fee that I need to pay.

[madnessteat]

Definitely, that's what we need some timing when making a deposit, and don't deposit an amount that you can just use for one day, maybe a week or a month would be good enough, just learn the right way of managing your bankroll so it will last and you'll withdraw when you have a big wins that would not make you feel the high fees anymore.

Many players who do not have enough self-control realise that it is better to keep funds in a separate wallet rather than in a casino deposit, as in a fit of anger or an attempt to win back the entire deposit can be lost. I think that is why many players prefer not to keep large sums of money at gambling sites for the sake of saving on commissions.

[YOSHIE]

Well, today the BTC price is almost $50K. I was just wondering, how are things now.

I have seen that recently, many gambling sites offer deposits with Altcoins other than Btc, this shows that gambling addicts have the opportunity to place their bets, without hesitation, even though Btc was soaring.

For that Bitcoin is also the best solution in gambling deposits, although, currently Bitcoin has a fantastic price, for me Bitcoin there is no definite change to gambling, normal.

[Ultegra134]

Everything is on the rise the past few months, thus any coin is "expensive" to use. I am still using Bitcoin for my gambling purposes, while sometimes I've also used Dogecoin, no other coins apart from these two. I'm skeptical about using BTC for any new deposits in casinos' due to high transaction fees. Currently using my balance, trying not to lose it since I can't afford multiple deposits.

[boyptc]

Everything is on the rise the past few months, thus any coin is "expensive" to use. I am still using Bitcoin for my gambling purposes, while sometimes I've also used Dogecoin, no other coins apart from these two.

Dogecoin is a good choice for you.

It's a very cheap coin for fees and no matter how high the prices it has, still, it remains to be one of the most sought coins for cheaper transfers. Unlike in bitcoin, if you want to save fees, you will really have to find another one that offers cheaper than its fees.