BTC price VS gambling

[BITCOIN4X]

Those experienced gamblers have better chances in winning than ordianry gamblers, something that common in any form of gambling activities.

Sorry, does this also apply to luck based games like slots, craps, crash, X-Rollet, and a few others?
I think the odds of winning will be better for those who bet on skills than the luck-based type of gambling. Since I am still a casual gambler who in fact still really likes luck based games, I hope you have a little bit of an answer to that.

[Fatunad]

Everyone has their own choice, we choose what we're comfortable with, and some choose altcoins to gamble. For me, I use both altcoins and bitcoin, depending on the market situation of course, but I believe in the long run I would be more focused on altcoins as it is cheaper and faster in terms of confirmation, and I would be able to just keep my bitcoin for a long term investment and gamble altcoins.

If you want to be able to get some profit while still gambling, I would lean on doing altcoin as a payment for gambling instead of bitcoin because bitcoin isn't really a good cryptocurrency to use when gambling given how exponential it can grow, I think someone is better off hodling bitcoin instead of gambling it.

they will rethink to be able to gamble using Bitcoin because they see the growth of Bitcoin can increase significantly. maybe most of the people prefer to invest it for the long term because they realize Bitcoin will be more and more valuable. I think more gamblers are choosing to bet using Altcoins than Bitcoin this time

You cant even tell on that part because btc would be mainly used no matter what the price does it have currently because people will just really be pegging it out on usd value
which means only in units it might differ and some would really be mainly looking on accumulating more bitcoin via doing gambling and yes its a bad idea and its just
more sensible if you do just accumulate or save up those coins instead.Majority wont really matter about investment when they had already allocated some
money for the purpose of gambling but not all people would really be that eager on saving it up.

[boyptc]

And who's to say casinos won't implement LN payments or other sidechain transactions in the future?

50/50 chances, because they have a new alternative to solve the high fees, and that is adding altcoins as a payment method.

That's most of their choices but we're hoping that they would add up LN as a choice so that it's exposure would be of a great help.

As we know, the fees was also cheap and transaction confirmation was also quicker with the use of LN. And with the help of casinos who would actually do that, they'll educate others that there's an existing of something like that.

In the past, crypto casinos have contributed a lot to bitcoin's fame today so it would really help.

[Russlenat]

And who's to say casinos won't implement LN payments or other sidechain transactions in the future?

50/50 chances, because they have a new alternative to solve the high fees, and that is adding altcoins as a payment method.

That's most of their choices but we're hoping that they would add up LN as a choice so that it's exposure would be of a great help.

As we know, the fees was also cheap and transaction confirmation was also quicker with the use of LN. And with the help of casinos who would actually do that, they'll educate others that there's an existing of something like that.

In the past, crypto casinos have contributed a lot to bitcoin's fame today so it would really help.

Bitcoin's popularity will stay, crypto has become popular because of bitcoin, so the majority of gamblers would still prefer bitcoin. Fees are not a big issue if you are gambling with a decent amount, paying 10 USD per transaction is not big if it's only less than 1% of what you are gambling, besides, you will enjoy the anonymity here that you will not get in regulated fiat casinos.

[Botnake]

Everyone has their own choice, we choose what we're comfortable with, and some choose altcoins to gamble. For me, I use both altcoins and bitcoin, depending on the market situation of course, but I believe in the long run I would be more focused on altcoins as it is cheaper and faster in terms of confirmation, and I would be able to just keep my bitcoin for a long term investment and gamble altcoins.

If you want to be able to get some profit while still gambling, I would lean on doing altcoin as a payment for gambling instead of bitcoin because bitcoin isn't really a good cryptocurrency to use when gambling given how exponential it can grow, I think someone is better off hodling bitcoin instead of gambling it.

they will rethink to be able to gamble using Bitcoin because they see the growth of Bitcoin can increase significantly. maybe most of the people prefer to invest it for the long term because they realize Bitcoin will be more and more valuable. I think more gamblers are choosing to bet using Altcoins than Bitcoin this time

Even though Bitcoin is very expensive nowadays, I believe there are still many gamblers who are used to gambling using Bitcoin. So still I think
no matter how high the Bitcoin price goes up, not everyone chooses to use altcoins to gamble. I am still gambling using Bitcoin now, but when
it comes to making withdrawals from the gambling platform I choose to use altcoins.

How expensive it is really? In the past few days, the fees are just ranging from 1 USD to 5 USD.. For me, it's not expensive as that's just the normal fee of bitcoin, we are not anymore seeing the more than 10 USD transaction fee because the blockchain is not anymore congested now, a sign that it neutralizes since bitcoin is just moving in a range within 50k+, not reaching a new ATH or dump significantly.

[michellee]

Two weeks back lost an ethereum when the price was close around $2500. Now I'm feeling heartbroken, because if I've kept hold of the ethereum I would've got a bigger earning out of it. The price fluctuation always affects the gamblers, most of the time in the negative way. The better choice is to focus on trading than gambling, because gambling is for the lucky ones.

We will get it if we do not hold our coins, especially by holding bitcoin and ethereum. I am sure many of us have the same feeling as you so you are not alone. We have more options to use the other altcoins to gamble, but for now, I think we need to hold our bitcoin, ethereum and the other potential coins and not use them for gambling. Those potential coins can increase anytime so it is better to prepare to sell at the next higher price and make a big profit from that coins.

You always have many options since it was your earnings and whatever you desire doing with those money you are in control. But likewise, this particualr option from trading to holding your assets instead of deal with it inside gambling is more practical.

Those experienced gamblers have better chances in winning than ordianry gamblers, something that common in any form of gambling activities.

Set your goals that should always favor to your success.

I agree that we should have a goal that we want to achieve to know what we want. Trading will be our ways to make more money or profit from the crypto and we will have a chance to have more coins.

The experience gamblers will have their skills and experience before managing their money and earn money from gambling. But the experienced gambler can also get lost because they still have an emotion that they need to manage.

[Yamifoud]

The experience gamblers will have their skills and experience before managing their money and earn money from gambling. But the experienced gambler can also get lost because they still have an emotion that they need to manage.

If they have the experience that will help them to learn and they will never lose money more than they can afford to ..  Not every gambler really aim to be profitable in the long run, most of the gamblers are just gambling for fun, hence it's very important also that all gamblers has to learn how to gambler responsibly. Controlling emotion is a basic requirement, if you can't do that, then better quit gambling this early.

[btc78]

Two weeks back lost an ethereum when the price was close around $2500. Now I'm feeling heartbroken, because if I've kept hold of the ethereum I would've got a bigger earning out of it. The price fluctuation always affects the gamblers, most of the time in the negative way. The better choice is to focus on trading than gambling, because gambling is for the lucky ones.

We will get it if we do not hold our coins, especially by holding bitcoin and ethereum. I am sure many of us have the same feeling as you so you are not alone. We have more options to use the other altcoins to gamble, but for now, I think we need to hold our bitcoin, ethereum and the other potential coins and not use them for gambling. Those potential coins can increase anytime so it is better to prepare to sell at the next higher price and make a big profit from that coins.

You always have many options since it was your earnings and whatever you desire doing with those money you are in control. But likewise, this particualr option from trading to holding your assets instead of deal with it inside gambling is more practical.

Safer i think? because at least the ratio of losing is far lower than what you get when in gambling action?

Those experienced gamblers have better chances in winning than ordianry gamblers, something that common in any form of gambling activities.

experience teach us a lot but remember that not all experienced gamblers are using their knowledge in their betting , because if Greediness covers you nothing is going but your desire to win.

Set your goals that should always favor to your success.

and always choose what will make your investments safer than the risk.

[Ziskinberg]

The experience gamblers will have their skills and experience before managing their money and earn money from gambling. But the experienced gambler can also get lost because they still have an emotion that they need to manage.

If they have the experience that will help them to learn and they will never lose money more than they can afford to ..  Not every gambler really aim to be profitable in the long run, most of the gamblers are just gambling for fun, hence it's very important also that all gamblers has to learn how to gambler responsibly. Controlling emotion is a basic requirement, if you can't do that, then better quit gambling this early.

Experience is the best teacher as they say, but there are people who really do not learn from their experience and still keep doing the same mistakes. Personally, I did not learn right away from my mistakes in the past, I still lose a lot of money before I was able to fully mature in gambling and now I can say that even if I lose in gambling, I will never lose money more than I can afford to risk.

[Nightz]

Ok to be fair here it always has to be taken into account what is at risk. Don't store a lot of funds in an online wallet, but you also secure mytherwallet quite well. If you need a wallet for regular transactions it is not that bad.

Aside from that.

Be also watchful to the gas fee of ethereum with the use of those websites that monitors it like ethgasstation.

I can only give a positive report about mytherwallt when it comes to gas fees and the adjustment is very easy. But the price range of the fee is in accordance with what is show on the respective websites like gasstation.

[Mahdirakib]

Even though Bitcoin is very expensive nowadays, I believe there are still many gamblers who are used to gambling using Bitcoin. So still I think no matter how high the Bitcoin price goes up, not everyone chooses to use altcoins to gamble. I am still gambling using Bitcoin now, but when it comes to making withdrawals from the gambling platform I choose to use altcoins.

Gamblers are not only worried about the higher value of btc the transaction fee also made them concerned. Many gamblers has switched to altcoins for the high tx fee of bitcoin. Small gambler don't have any opportunity to play with btc now, cause the fee will take a good amount of their profit. Occasionally I gamble with bitcoin now. And I don't focus on the price of btc, I always try to use strategy based on my btc balance.

[boyptc]

Ok to be fair here it always has to be taken into account what is at risk. Don't store a lot of funds in an online wallet, but you also secure mytherwallet quite well. If you need a wallet for regular transactions it is not that bad.

Aside from that.

Be also watchful to the gas fee of ethereum with the use of those websites that monitors it like ethgasstation.

I can only give a positive report about mytherwallt when it comes to gas fees and the adjustment is very easy. But the price range of the fee is in accordance with what is show on the respective websites like gasstation.

Yup.

And whatever the fees still depending on the person that will send it and he's the one to adjust it. If he likes to pay with the recommended fee then he has to pay it without hesitation.

But if he's hesitating and he seems to find it unfair and quite high, there's always the adjustment that he can do freely.

[dunfida]

Ok to be fair here it always has to be taken into account what is at risk. Don't store a lot of funds in an online wallet, but you also secure mytherwallet quite well. If you need a wallet for regular transactions it is not that bad.

Aside from that.

Be also watchful to the gas fee of ethereum with the use of those websites that monitors it like ethgasstation.

I can only give a positive report about mytherwallt when it comes to gas fees and the adjustment is very easy. But the price range of the fee is in accordance with what is show on the respective websites like gasstation.

Yup.

And whatever the fees still depending on the person that will send it and he's the one to adjust it. If he likes to pay with the recommended fee then he has to pay it without hesitation.

But if he's hesitating and he seems to find it unfair and quite high, there's always the adjustment that he can do freely.

We do have all the rights on how we should handle out our finances and if it seems that the fees are high then its up to your own judgement if you do proceed or not.

Its up to our own choice since we are the only one who can see if its just worth to make out transactions or not with the current fees and if you do
look btc in the investment side of things then you would surely hesitate on spending it up.

[boyptc]

look btc in the investment side of things then you would surely hesitate on spending it up.

I think of it as the opposite.

If we're going to look btc as an investment, we're more worried of spending it because as much as we want to spend, as we treat it as an investment.

We don't want to spend it right away.

[Oasisman]

look btc in the investment side of things then you would surely hesitate on spending it up.

I think of it as the opposite.

If we're going to look btc as an investment, we're more worried of spending it because as much as we want to spend, as we treat it as an investment.

We don't want to spend it right away.

I believe, you both are on the same page lol.

Obviously, investments aren't meant to be spend. It's for the future use, especially after you make a reasonable ROI out from it.
Gambling is different, and the main concern in the OP was is it either you're still comfortable gambling even at the highest Btc price or not?

[suzanne5223]

its crazy how you risk that large amount for a small fee .

Why does he risk anything? He doesn't risk his money only because he chooses to pay a small fee. He can initiate a second transaction with a higher fee. As long as unspent output hasn't left the wallet you can overwrite the old transaction and get it going regardless.

the transaction was not free and the money can get stuck but i guess there was no problem anymore because you already lay out a solution if ever things gone wrong and maybe he know this already because he was too confident of sending his money with a small fee but id like to ask a question .
 does this method works for all types of wallet ex. custodial , non costudial and how about its difficulty of doing this .
 for a newbie its recomend that they follow the recomended fee to avoid getting in troubles .

Well using Myetherwallet makes it super easy to adjust the fee even if you initiated the transaction unsuccessfully. Just adjust the fee and broadcast the transaction again.

I agreed myetherwallet is easy to use and also flexible in fee adjustment but I think when thinking about the ease of using a wallet we shouldn't ignore the security aspect of it.
Having said that, if you understand very well the vulnerability of myetherwallet you won't have advice on the use of it cause she can still use Metamask for adjusting the fee

Ok to be fair here it always has to be taken into account what is at risk. Don't store a lot of funds in an online wallet, but you also secure mytherwallet quite well. If you need a wallet for regular transactions it is not that bad.

Even for a regular transaction myetherwallet is not a secure wallet for transaction cause it always the issue of every web wallet, they are vulnerable to attack and it better to use Metamask which is always easy for regular transactions it even automatically provides the best tx fee.

[Saint-loup]

Everyone has their own choice, we choose what we're comfortable with, and some choose altcoins to gamble. For me, I use both altcoins and bitcoin, depending on the market situation of course, but I believe in the long run I would be more focused on altcoins as it is cheaper and faster in terms of confirmation, and I would be able to just keep my bitcoin for a long term investment and gamble altcoins.

If you want to be able to get some profit while still gambling, I would lean on doing altcoin as a payment for gambling instead of bitcoin because bitcoin isn't really a good cryptocurrency to use when gambling given how exponential it can grow, I think someone is better off hodling bitcoin instead of gambling it.

they will rethink to be able to gamble using Bitcoin because they see the growth of Bitcoin can increase significantly. maybe most of the people prefer to invest it for the long term because they realize Bitcoin will be more and more valuable. I think more gamblers are choosing to bet using Altcoins than Bitcoin this time

Even though Bitcoin is very expensive nowadays, I believe there are still many gamblers who are used to gambling using Bitcoin. So still I think
no matter how high the Bitcoin price goes up, not everyone chooses to use altcoins to gamble. I am still gambling using Bitcoin now, but when
it comes to making withdrawals from the gambling platform I choose to use altcoins.

What you say is pretty interesting, which platform are you using ? How they manage to allow you to exchange your bitcoins against altcoins for withdrawals? They are offering swaps between cryptos? You should be careful of the rate of the swap and of the fees they take then, because they are maybe taking as much fee as for bitcoin withdrawals

[michellee]

The experience gamblers will have their skills and experience before managing their money and earn money from gambling. But the experienced gambler can also get lost because they still have an emotion that they need to manage.

If they have the experience that will help them to learn and they will never lose money more than they can afford to ..  Not every gambler really aim to be profitable in the long run, most of the gamblers are just gambling for fun, hence it's very important also that all gamblers has to learn how to gambler responsibly. Controlling emotion is a basic requirement, if you can't do that, then better quit gambling this early.

If they can use gambling to have fun, they will not think to use more money to gamble because the risk will be bigger. They can stop gambling if they think that they already get fun in the gambling games. But some gamblers are still trying to gamble to earn money because they see that the other gambler can make money from gambling, which makes them curious. Controlling the emotion will be the most important for them not to lose too big money. Yes, before we lose too much money, we need to stop gambling and leave it without playing another game.

[South Park]

Two weeks back lost an ethereum when the price was close around $2500. Now I'm feeling heartbroken, because if I've kept hold of the ethereum I would've got a bigger earning out of it. The price fluctuation always affects the gamblers, most of the time in the negative way. The better choice is to focus on trading than gambling, because gambling is for the lucky ones.

And over the long term there is not such a thing as luck, you are going to get results very close to the expected probabilities, it is always difficult to lose money we all know that but maybe it is a good idea to take a break from gambling as it seems you are too affected by the situation, just remember that if you do not know what you are doing trading has way worst odds than gambling and you could lose it all without getting any fun in the process which is even worse than what happens in gambling.

[Nightz]

Ok to be fair here it always has to be taken into account what is at risk. Don't store a lot of funds in an online wallet, but you also secure mytherwallet quite well. If you need a wallet for regular transactions it is not that bad.

Aside from that.

Be also watchful to the gas fee of ethereum with the use of those websites that monitors it like ethgasstation.

I can only give a positive report about mytherwallt when it comes to gas fees and the adjustment is very easy. But the price range of the fee is in accordance with what is show on the respective websites like gasstation.

Yup.

And whatever the fees still depending on the person that will send it and he's the one to adjust it. If he likes to pay with the recommended fee then he has to pay it without hesitation.

But if he's hesitating and he seems to find it unfair and quite high, there's always the adjustment that he can do freely.

And broadcasting the transaction twice just in case it gets stuck because you selected too low a gas fee is also easy. Just pick a new gas fee and go for it again. There's you can do wrong, bullet proof wallet.