BTC price VS gambling

[Natalim]

I'm playing with BTC and my goal was not in USD my goal was to have more and more Bitcoin so it doesn't matter for me what price is the Bitcoin now my goal was to increase my Bitcoin but of course if the Bitcoin's price is increase it means that the transaction will increase too that's what my concern the most the withdrawal fee sometimes becomes expensive.

In terms of bet amount, no matter what price of the BTC is my minimum bet doesn't change at all.

That's unique, most gamblers I believe are only using bitcoin or crypto as a tool to gamble, so in the end, they still look for the profit in USD as they will just convert it to fiat. IMO, if you like to earn bitcoin, I think the best way is trading, not gambling, but that's just my opinion.

[KTChampions]

The call to gamble more is really a bit strange, but in terms of information content, it's a good post. I have some assets in the casino and I do not follow the cost of transactions, and thanks to him I learned that now is a good time to move it)
And I do not think that his appeal will attract someone who did not want to gamble and after reading the post, they will sharply want to  

The mempool has been quite empty for some time which tells me that we are still very far away from seeing a recovery, most of the time when we see the price going up there are a lot of transactions on the mempool waiting to be confirmed as everyone is moving their coins to exchanges, the fact this is not happening means that most people are just storing their coins, however if there is something you need to do with your coins or you want to consolidate some inputs this is the perfect time to do so.

In my opinion, the state of the mempool does not speak about the state of the market - most investors use exchanges and movements on their accounts are not displayed on the blockchain. And I can say this is quite pleasant for gamblers, as it allows you to use a habitual asset (bitcoin) for the game.

[Sanitough]

I'm playing with BTC and my goal was not in USD my goal was to have more and more Bitcoin so it doesn't matter for me what price is the Bitcoin now my goal was to increase my Bitcoin but of course if the Bitcoin's price is increase it means that the transaction will increase too that's what my concern the most the withdrawal fee sometimes becomes expensive.

In terms of bet amount, no matter what price of the BTC is my minimum bet doesn't change at all.

That's unique, most gamblers I believe are only using bitcoin or crypto as a tool to gamble, so in the end, they still look for the profit in USD as they will just convert it to fiat. IMO, if you like to earn bitcoin, I think the best way is trading, not gambling, but that's just my opinion.

It solely depends on your skills, you have to take risks on both gambling and trading, so if you have the skills in gambling, let's say sports betting, it's not impossible for you to make consistent money and you might even consider gambling as your means of living. For others, it could be hard, but it's possible for some who have the skills and real dedication to what they want.

[maydna]

I'm playing with BTC and my goal was not in USD my goal was to have more and more Bitcoin so it doesn't matter for me what price is the Bitcoin now my goal was to increase my Bitcoin but of course if the Bitcoin's price is increase it means that the transaction will increase too that's what my concern the most the withdrawal fee sometimes becomes expensive.

In terms of bet amount, no matter what price of the BTC is my minimum bet doesn't change at all.

That's unique, most gamblers I believe are only using bitcoin or crypto as a tool to gamble, so in the end, they still look for the profit in USD as they will just convert it to fiat. IMO, if you like to earn bitcoin, I think the best way is trading, not gambling, but that's just my opinion.

It solely depends on your skills, you have to take risks on both gambling and trading, so if you have the skills in gambling, let's say sports betting, it's not impossible for you to make consistent money and you might even consider gambling as your means of living. For others, it could be hard, but it's possible for some who have the skills and real dedication to what they want.

I am behind on you. It is difficult to earn bitcoin from gambling, but that is still possible as if one person has luck and has skills, he will earn more bitcoin. Even trading have the same risk as gambling, if he can learn many things about trading, he will have a chance to make a profit, and if he is losing money in trading, he can try to recover the losses. That will be difficult to apply in gambling because we will feel difficult to recover the losses if we lose in gambling. That will be more difficult if we want to use gambling for a living, and not many of us can do that.

[Alisha-k]

I prefer gambling my Btc now it's hovering around $35k not because it's affordable but because I can afford to loose this without having much emotional trauma. @ $50k  would have felt depression if I lost my Btc and knowing this I had to switch to using altcoin to stake. Although the profit margin isn't equivalent but what I think I'm considering here is risk management other than just making huge losses than would ruin my carrier.

[sempak]

Due to the expensive transaction fee of both Bitcoin and Ethereum it leads me to the change of my chosen coin to avoid the transaction fee. Before, it was dogecoin but now I think both Dogecoin and XRP are good alternative not just it has a fast confirmation but the transaction fee is very expensive.

[Natalim]

Due to the expensive transaction fee of both Bitcoin and Ethereum it leads me to the change of my chosen coin to avoid the transaction fee. Before, it was dogecoin but now I think both Dogecoin and XRP are good alternative not just it has a fast confirmation but the transaction fee is very expensive.

I'm not using dogecoin already due to high fees, when its price increase, the fees also increase in value, XRP is by far the cheapest coin when it comes to a transaction fee, and it's also instant so it's really good for gambling.

[Lanatsa]

Due to the expensive transaction fee of both Bitcoin and Ethereum it leads me to the change of my chosen coin to avoid the transaction fee. Before, it was dogecoin but now I think both Dogecoin and XRP are good alternative not just it has a fast confirmation but the transaction fee is very expensive.

I'm not using dogecoin already due to high fees, when its price increase, the fees also increase in value, XRP is by far the cheapest coin when it comes to a transaction fee, and it's also instant so it's really good for gambling.

Dont know on what you do consider to be high specially in DOGE since fees arent really that expensive even though there's some increase but not really that much where it do go into some certain extent.

Bitcoin fees now are really cheap and for those who do love to play with Bitcoin would really see it appealing but we cant avoid the fact that it do suddenly changes from time to time depending on network condition.

Aside from XRP then TRX is on next in line when it comes to fees and confirmation speed which i can say that it is really a good alternative.

[nisya]

Bitcoin price increases made some people think more about use bitcoin to gamble because they see they can make a big profit if they can sell bitcoin at a high price. But some gamblers still use bitcoin because they think that they can win their bitcoin if they win. Bitcoin attracts many people's attention to make money, including in crypto gambling games. So that will not stop people from using bitcoin to gamble, and I guess many gamblers who already play gambling using fiat money are changing to use crypto.

[Natalim]

Due to the expensive transaction fee of both Bitcoin and Ethereum it leads me to the change of my chosen coin to avoid the transaction fee. Before, it was dogecoin but now I think both Dogecoin and XRP are good alternative not just it has a fast confirmation but the transaction fee is very expensive.

I'm not using dogecoin already due to high fees, when its price increase, the fees also increase in value, XRP is by far the cheapest coin when it comes to a transaction fee, and it's also instant so it's really good for gambling.

Dont know on what you do consider to be high specially in DOGE since fees arent really that expensive even though there's some increase but not really that much where it do go into some certain extent.

Bitcoin fees now are really cheap and for those who do love to play with Bitcoin would really see it appealing but we cant avoid the fact that it do suddenly changes from time to time depending on network condition.

Aside from XRP then TRX is on next in line when it comes to fees and confirmation speed which i can say that it is really a good alternative.

It's high because I'm sending money coming from an exchange, I'm not holding doge, of course, if I want to gamble, I send bitcoin to an exchange and trade it with DOGE, it's just that the fee is higher now because DOGE price is very high already, but XRP's fee remains cheap, I can play less than 1 xrp for transferring it from an exchange and that's what I like over other altcoins.

[Maslate]

Due to the expensive transaction fee of both Bitcoin and Ethereum it leads me to the change of my chosen coin to avoid the transaction fee. Before, it was dogecoin but now I think both Dogecoin and XRP are good alternative not just it has a fast confirmation but the transaction fee is very expensive.

I'm not using dogecoin already due to high fees, when its price increase, the fees also increase in value, XRP is by far the cheapest coin when it comes to a transaction fee, and it's also instant so it's really good for gambling.

Dont know on what you do consider to be high specially in DOGE since fees arent really that expensive even though there's some increase but not really that much where it do go into some certain extent.

Bitcoin fees now are really cheap and for those who do love to play with Bitcoin would really see it appealing but we cant avoid the fact that it do suddenly changes from time to time depending on network condition.

Aside from XRP then TRX is on next in line when it comes to fees and confirmation speed which i can say that it is really a good alternative.

It's high because I'm sending money coming from an exchange, I'm not holding doge, of course, if I want to gamble, I send bitcoin to an exchange and trade it with DOGE, it's just that the fee is higher now because DOGE price is very high already, but XRP's fee remains cheap, I can play less than 1 xrp for transferring it from an exchange and that's what I like over other altcoins.

You have no choice if you don't have standby money to gamble, you have to exchange it (pay for the trading fee), and transact (pay for the transaction fee) it to the gambling site you are using. In the end, it still boils down to the financial capacity of a gambler, because if you are a gambler who bet a higher stake, then paying $1 to $10 for every bitcoin transaction should not be a big loss on your part.

[Lanatsa]

Due to the expensive transaction fee of both Bitcoin and Ethereum it leads me to the change of my chosen coin to avoid the transaction fee. Before, it was dogecoin but now I think both Dogecoin and XRP are good alternative not just it has a fast confirmation but the transaction fee is very expensive.

I'm not using dogecoin already due to high fees, when its price increase, the fees also increase in value, XRP is by far the cheapest coin when it comes to a transaction fee, and it's also instant so it's really good for gambling.

Dont know on what you do consider to be high specially in DOGE since fees arent really that expensive even though there's some increase but not really that much where it do go into some certain extent.

Bitcoin fees now are really cheap and for those who do love to play with Bitcoin would really see it appealing but we cant avoid the fact that it do suddenly changes from time to time depending on network condition.

Aside from XRP then TRX is on next in line when it comes to fees and confirmation speed which i can say that it is really a good alternative.

It's high because I'm sending money coming from an exchange, I'm not holding doge, of course, if I want to gamble, I send bitcoin to an exchange and trade it with DOGE, it's just that the fee is higher now because DOGE price is very high already, but XRP's fee remains cheap, I can play less than 1 xrp for transferring it from an exchange and that's what I like over other altcoins.

You have no choice if you don't have standby money to gamble, you have to exchange it (pay for the trading fee), and transact (pay for the transaction fee) it to the gambling site you are using. In the end, it still boils down to the financial capacity of a gambler, because if you are a gambler who bet a higher stake, then paying $1 to $10 for every bitcoin transaction should not be a big loss on your part.

As long the conversion would be worth and you would able to save up some bucks then why not? Majority would be definitely be doing the same on where

we do stick out on methods which would save us in terms of fees and the fast confirmation on said transaction.I have tried on making out some conversion too

when tending to gamble when bitcoins fee is way too high and tend to play some games which I don't have choice but to make conversion.

[blockman]

Bitcoin price increases made some people think more about use bitcoin to gamble because they see they can make a big profit if they can sell bitcoin at a high price.

It's not about how big the profit might give but it's about the quantity and the little that they can gamble due to the high price of bitcoin. For example, when the price is at the peak, you can actually gamble with a few decimals and that valuation for that quantity is already quite good enough. That's the reason why if the price of bitcoin is high, there are gamblers that are choosing to gamble with bitcoin for such an amount. Because the advantage is if they've been holding bitcoin for so long, they have little to spend for gambling and it won't lessen a lot with their holdings.

[hahay]

Bitcoin price increases made some people think more about use bitcoin to gamble because they see they can make a big profit if they can sell bitcoin at a high price.

It's not about how big the profit might give but it's about the quantity and the little that they can gamble due to the high price of bitcoin. For example, when the price is at the peak, you can actually gamble with a few decimals and that valuation for that quantity is already quite good enough. That's the reason why if the price of bitcoin is high, there are gamblers that are choosing to gamble with bitcoin for such an amount. Because the advantage is if they've been holding bitcoin for so long, they have little to spend for gambling and it won't lessen a lot with their holdings.

They prefer to secure their bitcoins when the bitcoin price is at its peak, selling it will be more valuable or good for him than spending it in gambling. There is nothing wrong with their choice because it is their right to use bitcoin for their own purposes, because gambling with crypto can not only be done with bitcoin alone, there are many other cryptos that can be used in crypto gambling and it would be good to keep making their bitcoins keep it safe as an investment.

[blockman]

Bitcoin price increases made some people think more about use bitcoin to gamble because they see they can make a big profit if they can sell bitcoin at a high price.

It's not about how big the profit might give but it's about the quantity and the little that they can gamble due to the high price of bitcoin. For example, when the price is at the peak, you can actually gamble with a few decimals and that valuation for that quantity is already quite good enough. That's the reason why if the price of bitcoin is high, there are gamblers that are choosing to gamble with bitcoin for such an amount. Because the advantage is if they've been holding bitcoin for so long, they have little to spend for gambling and it won't lessen a lot with their holdings.

They prefer to secure their bitcoins when the bitcoin price is at its peak, selling it will be more valuable or good for him than spending it in gambling. There is nothing wrong with their choice because it is their right to use bitcoin for their own purposes, because gambling with crypto can not only be done with bitcoin alone, there are many other cryptos that can be used in crypto gambling and it would be good to keep making their bitcoins keep it safe as an investment.

If someone wants to gamble with their bitcoins, tell them to sell it and then gamble with the cash. You cannot stop people who want to spend their bitcoins for gambling and tell it that they should've sold it instead. If the choice as they want to gamble is bitcoin then it should be made by them in bitcoin and they're comfortable using it. Although some may say that it shouldn't be bitcoin that they must use because there are other options for cryptocurrencies to be used for gambling. But that's it, the higher the price, the lesser bitcoin that can be used. Anyway the price of bitcoin has decreased a lot and one can choose to gamble with other altcoins that they prefer.

[Hypnosis00]

Bitcoin price increases made some people think more about use bitcoin to gamble because they see they can make a big profit if they can sell bitcoin at a high price.

It's not about how big the profit might give but it's about the quantity and the little that they can gamble due to the high price of bitcoin. For example, when the price is at the peak, you can actually gamble with a few decimals and that valuation for that quantity is already quite good enough. That's the reason why if the price of bitcoin is high, there are gamblers that are choosing to gamble with bitcoin for such an amount. Because the advantage is if they've been holding bitcoin for so long, they have little to spend for gambling and it won't lessen a lot with their holdings.

They prefer to secure their bitcoins when the bitcoin price is at its peak, selling it will be more valuable or good for him than spending it in gambling. There is nothing wrong with their choice because it is their right to use bitcoin for their own purposes, because gambling with crypto can not only be done with bitcoin alone, there are many other cryptos that can be used in crypto gambling and it would be good to keep making their bitcoins keep it safe as an investment.

If someone wants to gamble with their bitcoins, tell them to sell it and then gamble with the cash. You cannot stop people who want to spend their bitcoins for gambling and tell it that they should've sold it instead. If the choice as they want to gamble is bitcoin then it should be made by them in bitcoin and they're comfortable using it. Although some may say that it shouldn't be bitcoin that they must use because there are other options for cryptocurrencies to be used for gambling. But that's it, the higher the price, the lesser bitcoin that can be used. Anyway the price of bitcoin has decreased a lot and one can choose to gamble with other altcoins that they prefer.

We won't really have a good focus if we think of the price of bitcoin and its volatility, it will bother us when we are gambling, instead, why not just gamble using stable coin, that would be easier though the fees are sometimes high. If our mindset is that bitcoin is an investment rather than a payment system in gambling, then we have a problem and we should not gamble at all.

[Maslate]

Bitcoin price increases made some people think more about use bitcoin to gamble because they see they can make a big profit if they can sell bitcoin at a high price.

It's not about how big the profit might give but it's about the quantity and the little that they can gamble due to the high price of bitcoin. For example, when the price is at the peak, you can actually gamble with a few decimals and that valuation for that quantity is already quite good enough. That's the reason why if the price of bitcoin is high, there are gamblers that are choosing to gamble with bitcoin for such an amount. Because the advantage is if they've been holding bitcoin for so long, they have little to spend for gambling and it won't lessen a lot with their holdings.

They prefer to secure their bitcoins when the bitcoin price is at its peak, selling it will be more valuable or good for him than spending it in gambling. There is nothing wrong with their choice because it is their right to use bitcoin for their own purposes, because gambling with crypto can not only be done with bitcoin alone, there are many other cryptos that can be used in crypto gambling and it would be good to keep making their bitcoins keep it safe as an investment.

If someone wants to gamble with their bitcoins, tell them to sell it and then gamble with the cash. You cannot stop people who want to spend their bitcoins for gambling and tell it that they should've sold it instead. If the choice as they want to gamble is bitcoin then it should be made by them in bitcoin and they're comfortable using it. Although some may say that it shouldn't be bitcoin that they must use because there are other options for cryptocurrencies to be used for gambling. But that's it, the higher the price, the lesser bitcoin that can be used. Anyway the price of bitcoin has decreased a lot and one can choose to gamble with other altcoins that they prefer.

We won't really have a good focus if we think of the price of bitcoin and its volatility, it will bother us when we are gambling, instead, why not just gamble using stable coin, that would be easier though the fees are sometimes high.

Same here, I don't focus a lot on the market volatility, I just convinced my mind that volatile is normal and when we speak of volatility, it should not be one-sided price movement, it should be up and down or pump and dump, and in general it should not hurt us.

If our mindset is that bitcoin is an investment rather than a payment system in gambling, then we have a problem and we should not gamble at all.

Our mindset is to win, focus on the strategy and forget about the price volatility.

[Fortify]

If someone wants to gamble with their bitcoins, tell them to sell it and then gamble with the cash. You cannot stop people who want to spend their bitcoins for gambling and tell it that they should've sold it instead. If the choice as they want to gamble is bitcoin then it should be made by them in bitcoin and they're comfortable using it. Although some may say that it shouldn't be bitcoin that they must use because there are other options for cryptocurrencies to be used for gambling. But that's it, the higher the price, the lesser bitcoin that can be used. Anyway the price of bitcoin has decreased a lot and one can choose to gamble with other altcoins that they prefer.

This is true. The volatility we've seen since this thread was originally posted is a prime example why Bitcoin should not really be used for gambling unless you happen to think it will go up from the current price. There are many reasons, like if you're buying Bitcoin purely for this purpose your "money" value has dropped in half since February. Alternatively you would have been better off cashing out if you had funded a casino account in the huge run up to $65k, it probably would have given you a much better return on your assets - if not the same level of fun. Fiat money which is relatively stable is a much better way to gamble because you don't have to make a layer of secondary valuation calculations due to daily swings in price.

[blockman]

If someone wants to gamble with their bitcoins, tell them to sell it and then gamble with the cash. You cannot stop people who want to spend their bitcoins for gambling and tell it that they should've sold it instead. If the choice as they want to gamble is bitcoin then it should be made by them in bitcoin and they're comfortable using it. Although some may say that it shouldn't be bitcoin that they must use because there are other options for cryptocurrencies to be used for gambling. But that's it, the higher the price, the lesser bitcoin that can be used. Anyway the price of bitcoin has decreased a lot and one can choose to gamble with other altcoins that they prefer.

This is true. The volatility we've seen since this thread was originally posted is a prime example why Bitcoin should not really be used for gambling unless you happen to think it will go up from the current price. There are many reasons, like if you're buying Bitcoin purely for this purpose your "money" value has dropped in half since February. Alternatively you would have been better off cashing out if you had funded a casino account in the huge run up to $65k, it probably would have given you a much better return on your assets - if not the same level of fun. Fiat money which is relatively stable is a much better way to gamble because you don't have to make a layer of secondary valuation calculations due to daily swings in price.

Yes, that's one consideration that a gambler has to take. But if his bitcoins came from holding since a year or two ago, that's just fine to gamble at this rate because it won't be hurting him much if he bought it at a rate that's quite low. But if someone who's too sensitive with the price swings, I would agree that aside from using altcoins to gamble, he can fund his account with fiat and just use it to gamble so that there's no pressure and no need to think of how much he's going to win or lose in terms of bitcoin's value.

[freedomgo]

If someone wants to gamble with their bitcoins, tell them to sell it and then gamble with the cash. You cannot stop people who want to spend their bitcoins for gambling and tell it that they should've sold it instead. If the choice as they want to gamble is bitcoin then it should be made by them in bitcoin and they're comfortable using it. Although some may say that it shouldn't be bitcoin that they must use because there are other options for cryptocurrencies to be used for gambling. But that's it, the higher the price, the lesser bitcoin that can be used. Anyway the price of bitcoin has decreased a lot and one can choose to gamble with other altcoins that they prefer.

This is true. The volatility we've seen since this thread was originally posted is a prime example why Bitcoin should not really be used for gambling unless you happen to think it will go up from the current price. There are many reasons, like if you're buying Bitcoin purely for this purpose your "money" value has dropped in half since February. Alternatively you would have been better off cashing out if you had funded a casino account in the huge run up to $65k, it probably would have given you a much better return on your assets - if not the same level of fun. Fiat money which is relatively stable is a much better way to gamble because you don't have to make a layer of secondary valuation calculations due to daily swings in price.

Yes, that's one consideration that a gambler has to take. But if his bitcoins came from holding since a year or two ago, that's just fine to gamble at this rate because it won't be hurting him much if he bought it at a rate that's quite low. But if someone who's too sensitive with the price swings, I would agree that aside from using altcoins to gamble, he can fund his account with fiat and just use it to gamble so that there's no pressure and no need to think of how much he's going to win or lose in terms of bitcoin's value.

Sometimes we have to take gambling seriously if we want to ensure profit, for sports bettors or those who are playing games that they are believing they can use their skills, they can trade their bitcoin into stable coin, using TRC-20 transaction for fast and cheap transaction fee, then you'll not anymore worry on the volatility, prbolem solve and we will also not gonna take about the high fees anymore.