BTC price VS gambling

[Mahanton]

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.

Are you still using bitcoin at the moment on where the fee is almost $20? If you're rich then this situation wont really bother you but for most gamblers then for sure they would really be
that mindful when it comes to tx fee that why we do find out some alternatives rather than on spending those horrendous fee amounts.It is really hard to have these kind of situations
where fees are on the roof but somehow due to lot of alts that can serve out temporary mediums for us to play gambling we can still able to play as we like.
The essence of playing gambling might not be directly dealing with bitcoin but it isn't really bad experience at all.

[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.

Are you still using bitcoin at the moment on where the fee is almost $20? If you're rich then this situation wont really bother you but for most gamblers then for sure they would really be
that mindful when it comes to tx fee that why we do find out some alternatives rather than on spending those horrendous fee amounts.It is really hard to have these kind of situations
where fees are on the roof but somehow due to lot of alts that can serve out temporary mediums for us to play gambling we can still able to play as we like.
The essence of playing gambling might not be directly dealing with bitcoin but it isn't really bad experience at all.

I actually edited my first post because I had forgotten to add the fee issue, but hadn't pressed the update button. I'm currently using my BTC balance, which is from older deposits or earnings. Thus, I've limited any BTC deposits, due to the high transaction fees (And the high value which I'd like to preserve). I will be skeptical if I need to add balance on any gambling website.

[hahay]

Until now I still like betting using bitcoin, many think when the price of bitcoin is high it would be better to hold it. But, for me personally it would be better to keep betting, I realize the risk is to lose but I don't care about it, because if I can keep my betting rhythm then I won't have a losing streak because on the contrary, I will keep trying hard to increase it by win gradually.

[Natalim]

Until now I still like betting using bitcoin, many think when the price of bitcoin is high it would be better to hold it. But, for me personally it would be better to keep betting, I realize the risk is to lose but I don't care about it, because if I can keep my betting rhythm then I won't have a losing streak because on the contrary, I will keep trying hard to increase it by win gradually.

Actually you can do both, if you really believe on investing in bitcoin then you can separate what you use in gambling and what you hold, that's so simple, there's nothing to sacrifice, because at the end of the day, being a gambler we just want to enjoy and be happy with our passion.

[traderethereum]

Until now I still like betting using bitcoin, many think when the price of bitcoin is high it would be better to hold it. But, for me personally it would be better to keep betting, I realize the risk is to lose but I don't care about it, because if I can keep my betting rhythm then I won't have a losing streak because on the contrary, I will keep trying hard to increase it by win gradually.

Actually you can do both, if you really believe on investing in bitcoin then you can separate what you use in gambling and what you hold, that's so simple, there's nothing to sacrifice, because at the end of the day, being a gambler we just want to enjoy and be happy with our passion.

We can use any coins that we think we can comfortable using, but we need to think about whether that is worth gambling using bitcoin or moving and searching for the altcoin to gamble.
It is about how we can accept the bitcoin risk if we use bitcoin to gamble.
And once we can accept, we can still use bitcoin, no matter how much bitcoin price.
But many of us prefer to hold bitcoin while the price increases like today.
At least, the price now still higher than a few months ago or a year ago.

[MrcMrc]

Why I don’t gamble with Bitcoin is because of the recent rise in the cause of transaction, I am more comfortable holding my Bitcoin and gamble with other coins must especially if the gambling site allows deposits of altcoins that are stable in price.

[Hypnosis00]

Why I don’t gamble with Bitcoin is because of the recent rise in the cause of transaction, I am more comfortable holding my Bitcoin and gamble with other coins must especially if the gambling site allows deposits of altcoins that are stable in price.

There's no altcoins that are stable, unless you are using stable coin itself, the popular stable coin is USDT and it's still high in transaction so you can use it in gambling as i think there are also few sites who are accepting usdt.

[michellee]

Why I don’t gamble with Bitcoin is because of the recent rise in the cause of transaction, I am more comfortable holding my Bitcoin and gamble with other coins must especially if the gambling site allows deposits of altcoins that are stable in price.

There's no altcoins that are stable, unless you are using stable coin itself, the popular stable coin is USDT and it's still high in transaction so you can use it in gambling as i think there are also few sites who are accepting usdt.

I better use altcoin than bitcoin or stable coin. Besides the fees increase on the transaction, I feel that it is better to use USDT for trading pair with altcoin or bitcoin because that can help me make a profit.

Using bitcoin or altcoin will be our decision and I think some gambler still using bitcoin because they think that if they win in bitcoin, they are making a lot of money from that. But I do not think that they will easy to win in gambling games.

[Fredomago]

Why I don’t gamble with Bitcoin is because of the recent rise in the cause of transaction, I am more comfortable holding my Bitcoin and gamble with other coins must especially if the gambling site allows deposits of altcoins that are stable in price.

There's no altcoins that are stable, unless you are using stable coin itself, the popular stable coin is USDT and it's still high in transaction so you can use it in gambling as i think there are also few sites who are accepting usdt.

Yes there are sites who accept stable coin, if you are not comfortable using either  your BTC or any other alts then this options is good to go.

Especially if you are in a budget and don't want to over waste your fund, you can simply limit your budget each time you place your bets you know how much money you are already spending.

always depends from how gambler look at this point, there are always options to use.

[Natalim]

Why I don’t gamble with Bitcoin is because of the recent rise in the cause of transaction, I am more comfortable holding my Bitcoin and gamble with other coins must especially if the gambling site allows deposits of altcoins that are stable in price.

There's no altcoins that are stable, unless you are using stable coin itself, the popular stable coin is USDT and it's still high in transaction so you can use it in gambling as i think there are also few sites who are accepting usdt.

Yes there are sites who accept stable coin, if you are not comfortable using either  your BTC or any other alts then this options is good to go.

Especially if you are in a budget and don't want to over waste your fund, you can simply limit your budget each time you place your bets you know how much money you are already spending.

always depends from how gambler look at this point, there are always options to use.

Whatever the size of your bankroll, you still do the right budget, that's what you called responsible gambling, not by amount or figure, you manage your bankroll because you always want to gamble according to your limit only. Some gamblers just get out of their limit, not because they see the opportunity so they want ot gamble more, but because they loss control and they want to chase their loses.

[Fatunad]

Why I don’t gamble with Bitcoin is because of the recent rise in the cause of transaction, I am more comfortable holding my Bitcoin and gamble with other coins must especially if the gambling site allows deposits of altcoins that are stable in price.

There's no altcoins that are stable, unless you are using stable coin itself, the popular stable coin is USDT and it's still high in transaction so you can use it in gambling as i think there are also few sites who are accepting usdt.

Yes there are sites who accept stable coin, if you are not comfortable using either  your BTC or any other alts then this options is good to go.

Especially if you are in a budget and don't want to over waste your fund, you can simply limit your budget each time you place your bets you know how much money you are already spending.

always depends from how gambler look at this point, there are always options to use.

Whatever the size of your bankroll, you still do the right budget, that's what you called responsible gambling, not by amount or figure, you manage your bankroll because you always want to gamble according to your limit only. Some gamblers just get out of their limit, not because they see the opportunity so they want ot gamble more, but because they loss control and they want to chase their loses.

It can really be on different scenarios or does depend on what situation you are into because gambling could really put you up into such condition neither you would be
playing even more because you do have the guts or feel that you would win the next bet or on the other way around on talking  about loss control.
There are lots of possible cases where you can experience up those things depending on the situation you are into but talking as a whole or in general
these situations are just commonly the same.

[agustina2]

and they want to chase their loses.

It's not because they just want to chase their loses. Those people who won big before like to experience it again so they will try to play over their limits. Others also don't want to cut their winning streak since why should they stopped if they are lucky.

That's a common situation already in gambling and even those professional ones are having a traits like that. For me, it's ok to play on limits as long as after doing gambling, they are in still on themselves without any changed towards their attitude.

[Natalim]

and they want to chase their loses.

It's not because they just want to chase their loses. Those people who won big before like to experience it again so they will try to play over their limits. Others also don't want to cut their winning streak since why should they stopped if they are lucky.

That's a common situation already in gambling and even those professional ones are having a traits like that. For me, it's ok to play on limits as long as after doing gambling, they are in still on themselves without any changed towards their attitude.

That's another scenario, what I explain is if someone loses and loss control, they might chase their loses because they want to win back, and once a gambler loses control, he or she will never stop gambling until he win or he loss everything. That's the big risk in gambling but actually we can't blame it to the gambling site or the gambling itself, but ourselves, we are in control, so we have to be responsible.

Gambling is not a ponzi scheme or something that guarantees winnning, so let us not expect that we will win everytime.. yeah,  some came back to gamble, but they have to also accept loses and understand it's part of the game.

[Mauser]

and they want to chase their loses.

It's not because they just want to chase their loses. Those people who won big before like to experience it again so they will try to play over their limits. Others also don't want to cut their winning streak since why should they stopped if they are lucky.

That's a common situation already in gambling and even those professional ones are having a traits like that. For me, it's ok to play on limits as long as after doing gambling, they are in still on themselves without any changed towards their attitude.

I agree, having limits is important for gambling. We need to control our self's because we can't always be winning and especially during losing streaks is self control very important.

The recent drop in bitcoin price will make it more important to gamble with our coins. I feel more comfortable to gamble with bitcoins when prices are falling then when they are rising. With lower prices its more attractive to gamble because we can grow in value through gambling. Whereas when prices are rising we need to be careful to not lose money.

[lienfaye]

Whereas when prices are rising we need to be careful to not lose money.

Thats true, if the value is high we are careful not to lose it and instead we are eager to win more because of the price. During that time im hesitating as well to spend my bitcoin in gambling or to make a deposit. Because aside from high transaction fees, im also thinking to be more wise refraining myself to play, unless the btc is already in my gambling account. If I can make my money double then its an achievement however we know gambling is risky and a game of luck to win so it wont be easy.

[freedomgo]

and they want to chase their loses.

It's not because they just want to chase their loses. Those people who won big before like to experience it again so they will try to play over their limits. Others also don't want to cut their winning streak since why should they stopped if they are lucky.

That's a common situation already in gambling and even those professional ones are having a traits like that. For me, it's ok to play on limits as long as after doing gambling, they are in still on themselves without any changed towards their attitude.

I agree, having limits is important for gambling. We need to control our self's because we can't always be winning and especially during losing streaks is self control very important.

The recent drop in bitcoin price will make it more important to gamble with our coins. I feel more comfortable to gamble with bitcoins when prices are falling then when they are rising. With lower prices its more attractive to gamble because we can grow in value through gambling. Whereas when prices are rising we need to be careful to not lose money.

Probably depending on the gambler, because for me, if the price is dumping and I keep gambling, it will affect the value of my coin if the price is dropping, and since we can't guarantee if the price will rise again, then we have no choice but to sell it when we cashing out is already necessary.

Volatility in crypto is normal but our main goal is to win, so we should just focus on that and let the market be volatile as we still benefit on this since not all the time the market only move in one direction.

[michellee]

Whereas when prices are rising we need to be careful to not lose money.

Thats true, if the value is high we are careful not to lose it and instead we are eager to win more because of the price. During that time im hesitating as well to spend my bitcoin in gambling or to make a deposit. Because aside from high transaction fees, im also thinking to be more wise refraining myself to play, unless the btc is already in my gambling account. If I can make my money double then its an achievement however we know gambling is risky and a game of luck to win so it wont be easy.

You are right. When we can think that it will better to hold bitcoin while the price increase or sideways, we will not use it for gambling instead of using the other coins, it feels bad if we lose in bitcoin than in altcoin because the value is different. Even if we have the btc in our account, that will not be a good idea to use for playing gambling because we know that we can lose all of the btc amounts anytime in gambling games. However, if btc price increases more than now and the fees still not reduce, then there is no other way to just hold and sell it in the exchanges or convert it into altcoins first and send it in the exchange can make a profit from that.

[boyptc]

Others also don't want to cut their winning streak since why should they stopped if they are lucky.

They don't want to stop as long as they feel the essence of being lucky. I have also this type of sensation and the price of the crypto that I gamble wouldn't matter to me.

Volatility in crypto is normal but our main goal is to win, so we should just focus on that and let the market be volatile as we still benefit on this since not all the time the market only move in one direction.

Yes, two things. Volatility and yourself as a gambler, we can't do anything with the market's volatility but with your goal whether to win or to enjoy, you're the one in control of it.

[Maslate]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

[Kelvinid]

A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.

Thanks for sharing, the price may drop but it's still high for most gamblers. I'd rather trade that bitcoin to altcoins if that's from our wallet, $6 is still higher compared to paying $1 or lower which is possible with some altcoins particularly with XRP.