BTC price VS gambling

[Faxmate]

I think it depends on each person, if they are really addicted to gambling, whatever the bitcoin price is... they must have prepared themselves beforehand. But it's good for us to be smarter in responding to this, gambling is like entertainment and we really have to know when it's time to gamble.

We can gamble every day if we like to entertain every day, I'm sure there are people who are doing that and they have no problem with gambling. It's not really that risky if you have already learned to be responsible and you have matured as a gambler. What I'm talking about is always gamble according to your capacity, gambling with a limit is very important, it's a limitation of funds and time, but as I said, you can do that on a daily basis.

yes talking about every field, limitation is very important in life regarding every aspect, coming to the gambling i think it is such a thing that people always face difficulty in keeping themselves in limit and that ultimately lead to the misery. Another point is gambling with bitcoin i think not that much good as we all know that price is rising so we should focus on buying and holding according to our status.

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[Fatunad]

I think it depends on each person, if they are really addicted to gambling, whatever the bitcoin price is... they must have prepared themselves beforehand. But it's good for us to be smarter in responding to this, gambling is like entertainment and we really have to know when it's time to gamble.

We can gamble every day if we like to entertain every day, I'm sure there are people who are doing that and they have no problem with gambling. It's not really that risky if you have already learned to be responsible and you have matured as a gambler. What I'm talking about is always gamble according to your capacity, gambling with a limit is very important, it's a limitation of funds and time, but as I said, you can do that on a daily basis.

yes talking about every field, limitation is very important in life regarding every aspect, coming to the gambling i think it is such a thing that people always face difficulty in keeping themselves in limit and that ultimately lead to the misery. Another point is gambling with bitcoin i think not that much good as we all know that price is rising so we should focus on buying and holding according to our status.

Gambling and investment should really be taken indifferently because there are people whom do forget about investing and spend up their funds in gambling and some still minding on investing while they do gamble as i would rather say that if you are intending to make profits then better save up for another thing and skip out gambling and as we do talk about btc price and gambling where some people do skip on using it due to value increasing
but there are people do continue to play despite the situation.

[Fredomago]

I think it depends on each person, if they are really addicted to gambling, whatever the bitcoin price is... they must have prepared themselves beforehand. But it's good for us to be smarter in responding to this, gambling is like entertainment and we really have to know when it's time to gamble.

If you are smart enough to control yourself, the value of bitcoin is also your concerned, but likewise, if you are addicted to gambling there's no point that you'll be minding what't the current value, what inside you is how to deal with your gambling activities and nothing else, you'll spend your bitcoin whatever it takes.

It's always better to know how you deal with your budget, never to exceed and always find the entertaining part it will lessen the chance
of getting addicted since you are just treating everything as payment for your enjoyment.

[hahay]

Addicted or not I think when gambling is fun for him then gambling using bitcoin when the price goes up will not be a problem either but indeed, it would be better to use other cryptos because after all when gambling is just for fun then make it not to damage the investment. But, if they have good management by setting limits every day then I'm sure gambling using bitcoin even though the price is high may still be fun for him, everyone has their own way of dealing with this.

[Smartprofit]

In my opinion, the main rise in the price of Bitcoin is in the past ...

Yes, the price of Bitcoin can rise from $ 40,000 to $ 400,000.  However, this is only a tenfold increase.  In the past, Bitcoin grew from $ 1 (conditionally) to $ 64,000! 

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

I consider it permissible to use Bitcoin for gambling. 

Gambling does not guarantee you winnings.  However, it is possible.  With this money, you will buy even more bitcoins.

[traderethereum]

Addicted or not I think when gambling is fun for him then gambling using bitcoin when the price goes up will not be a problem either but indeed, it would be better to use other cryptos because after all when gambling is just for fun then make it not to damage the investment. But, if they have good management by setting limits every day then I'm sure gambling using bitcoin even though the price is high may still be fun for him, everyone has their own way of dealing with this.

I agree with your reply because if we can have fun in gambling, we will not think about the bitcoin price and playing more.
Maybe that is not good for some gamblers, but that is what happens to other gamblers.
We can play gambling, but we must have a limitation, as you say, because no matter if bitcoin will up or down, if we lose, we still lose the bitcoin we use to gamble.
That will happen too if we gamble using altcoin as gambling does not give us a bigger chance to win.

[South Park]

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.

This is interesting as I do not think that posture is as popular, most people actually care about the price of bitcoin and if they see bitcoin skyrocketing then they prefer to play with altcoins or they reduce their betting size in order to not bet as much money as before, quite honestly I think this is a good idea and I do the same as if I did not do it then my costs will go up and I am very strict when it comes to the money I spend on my gambling hobby.

Just because the price is skyrocketing then they'll reduce their betting size? Then they are not a real gambler, they are more like an investor or a trader. The reason why they shift to altcoins from bitcoin is just to avoid high fees, and gambling intensity should not be reduced.

Yes just because of that people reduce their betting size, I do not see this as being as a trader or investor this is simply common sense, if bitcoin becomes more valuable then you bet less of it, if you take a look at the history of your bets in a casino and supposing you can see it years down the line then on that history then most likely you will see your betting size going down as very few people have the bitcoin to keep betting the same amount of it when it was 200 dollars years ago and now it is valued at 39k.

[Hypnosis00]

In my opinion, the main rise in the price of Bitcoin is in the past ...

Yes, the price of Bitcoin can rise from $ 40,000 to $ 400,000.  However, this is only a tenfold increase.  In the past, Bitcoin grew from $ 1 (conditionally) to $ 64,000! 

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

I consider it permissible to use Bitcoin for gambling. 

Gambling does not guarantee you winnings.  However, it is possible.  With this money, you will buy even more bitcoins.

I am with you on this one, even if bitcoins would reach 100k USD this year, it would only be a 200% increase, nothing compared to the past rises. Earning money with our bitcoins is probably the only alternative we have right now. We could either stake someone, lend it, or just gamble with it. For me gambling is the only real alternative as I want to keep control over my own coins. If we don't gamble too risky and have a good strategy we can make some money from our coins.

The risk would not change, it will only minimize if you will also minimize your exposure. However, if you are gambling with the intention of growing your bitcoin in gambling, then you are taking a high risk as that means you are in business and you need to win it just like you are trading or investing.

[South Park]

In my opinion, the main rise in the price of Bitcoin is in the past ...

Yes, the price of Bitcoin can rise from $ 40,000 to $ 400,000.  However, this is only a tenfold increase.  In the past, Bitcoin grew from $ 1 (conditionally) to $ 64,000! 

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

I consider it permissible to use Bitcoin for gambling. 

Gambling does not guarantee you winnings.  However, it is possible.  With this money, you will buy even more bitcoins.

I am with you on this one, even if bitcoins would reach 100k USD this year, it would only be a 200% increase, nothing compared to the past rises. Earning money with our bitcoins is probably the only alternative we have right now. We could either stake someone, lend it, or just gamble with it. For me gambling is the only real alternative as I want to keep control over my own coins. If we don't gamble too risky and have a good strategy we can make some money from our coins.

The difference is that back then you were taking a much higher risk with bitcoin, it is easy to see things now with hindsight and say that the success of bitcoin was a guarantee but this is not true, bitcoin despite the incredible technology behind it and its revolutionary concepts was in its infancy and could have disappeared by a variety of factors, but it survived and even if the gains you can get now are not as high, those gains are almost a sure thing as a price of 100k could even be reached during this year.

[stadus]

The risk would not change, it will only minimize if you will also minimize your exposure. However, if you are gambling with the intention of growing your bitcoin in gambling, then you are taking a high risk as that means you are in business and you need to win it just like you are trading or investing.

Everyone would want to win, whether it's for fun or for business, whatever the intention but a gambler is more serious if he considers what he is doing like investing in gambling. There's a term sport investing in gambling, it's not literally putting your money in a sportsbook but it's betting on sports with the mind of an investor as you will have to study, analyze to be consistent on winning in the long run.

[DarkDays]

In my opinion, the main rise in the price of Bitcoin is in the past ...

Yes, the price of Bitcoin can rise from $ 40,000 to $ 400,000.  However, this is only a tenfold increase.  In the past, Bitcoin grew from $ 1 (conditionally) to $ 64,000! 

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

I consider it permissible to use Bitcoin for gambling. 

Gambling does not guarantee you winnings.  However, it is possible.  With this money, you will buy even more bitcoins.

This is one approach looking at things but to me it seems a little pointless to spend BTC now when you know in the future it may be worth much more. To my capacity, it makes sense to hold that BTC for some time and gamble with alts instead as the potential loss is higher when gambling with an assets that can go up several times within a relatively speaking a short amount of time.

[ReiMomo]

~snip~

This is one approach looking at things but to me it seems a little pointless to spend BTC now when you know in the future it may be worth much more. To my capacity, it makes sense to hold that BTC for some time and gamble with alts instead as the potential loss is higher when gambling with an assets that can go up several times within a relatively speaking a short amount of time.

So it means this like an investment as well while you are in gambling accumulating bitcoin.
Exactly and that is possible, but they are all the same to me. Bitcoin or altcoin using in gambling has the same value in the future when the bullish trend will come. You can save your crypto or you can spend on it in gambling, there are too many ways how to gain crypto using your crypto but for sure it is a very risky part for you.

[goinmerry]

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

Not a good idea for people who just earn an average amount of bitcoin.

Let the spending and selling to those who afford to sell at any price. No need for an average earners or small holders to participate in that.

The market is manipulated. No need to follow the right path that we need to spend bitcoin because of the idea that money can't be taken too seriously.

[boyptc]

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

Not a good idea for people who just earn an average amount of bitcoin.

Let the spending and selling to those who afford to sell at any price. No need for an average earners or small holders to participate in that.

The market is manipulated. No need to follow the right path that we need to spend bitcoin because of the idea that money can't be taken too seriously.

Anyone can do whatever they want with their bitcoins. Your bitcoin, your own rule.

I agree that anyone who can afford to spend, let them spend it as they probably owns a lot. But for those people that accumulates a little with their money.

They will just keep it but I agree too that someone who wants to spend it, he must be happy of doing it and when he's depositing to his casino account. 

[South Park]

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

Not a good idea for people who just earn an average amount of bitcoin.

Let the spending and selling to those who afford to sell at any price. No need for an average earners or small holders to participate in that.

The market is manipulated. No need to follow the right path that we need to spend bitcoin because of the idea that money can't be taken too seriously.

I also disagree with the person that you are quoting, the point of bitcoin is to give you full ownership of your money, something that cannot be achieved with fiat, so if someone wants to spend all the bitcoin they have on their hands then that is their call but if someone else wants to keep it and save as much as possible then that is fine too, also when we take into account how fast the price of bitcoin grows, the instability of the fiat system and that we need to save for our future then it is obvious I prefer to save most of the bitcoin I got.

[FatFork]

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight".  

Not a good idea for people who just earn an average amount of bitcoin.

Let the spending and selling to those who afford to sell at any price. No need for an average earners or small holders to participate in that.

The market is manipulated. No need to follow the right path that we need to spend bitcoin because of the idea that money can't be taken too seriously.

I also disagree with the person that you are quoting, the point of bitcoin is to give you full ownership of your money, something that cannot be achieved with fiat, so if someone wants to spend all the bitcoin they have on their hands then that is their call but if someone else wants to keep it and save as much as possible then that is fine too, also when we take into account how fast the price of bitcoin grows, the instability of the fiat system and that we need to save for our future then it is obvious I prefer to save most of the bitcoin I got.

Bitcoin is conceived as electronic money and that's why I believe it should be used that way. If no one were spending and no one was selling then there would be no bitcoin in free circulation in the market.
While there's nothing wrong with accumulating in anticipation of a better price, but what would anyone buy if there weren't sellers on the market?

[Mahanton]

Therefore, it is advisable to spend bitcoin, not hold.  This is money.  Money cannot be taken too seriously.  Otherwise, everyone will call you "stingy knight". 

Not a good idea for people who just earn an average amount of bitcoin.

Let the spending and selling to those who afford to sell at any price. No need for an average earners or small holders to participate in that.

The market is manipulated. No need to follow the right path that we need to spend bitcoin because of the idea that money can't be taken too seriously.

I also disagree with the person that you are quoting, the point of bitcoin is to give you full ownership of your money, something that cannot be achieved with fiat, so if someone wants to spend all the bitcoin they have on their hands then that is their call but if someone else wants to keep it and save as much as possible then that is fine too, also when we take into account how fast the price of bitcoin grows, the instability of the fiat system and that we need to save for our future then it is obvious I prefer to save most of the bitcoin I got.

Bitcoin is conceived as electronic money and that's why I believe it should be used that way. If no one were spending and no one was selling then there would be no bitcoin in free circulation in the market.
While there's nothing wrong with accumulating in anticipation of a better price, what would anyone buy if there weren't sellers on the market?

Majority would really be saying about circulation but honestly I don't see any issues about that since the marketplace or the community as a whole doesn't really lack out of transactions when we do talk about circulation which I would be saying to be enough imho.
I don't mind much about that issue since we are sharing on the same views on how bitcoin should be used and how bitcoin should be saved up for future use.
Most of the time people would really be mindful on accumulating and saving up coins as much as they can because we do know the potential
when it comes to future price.Actually this is really a personal kind of choice since we do have different goals or mindset.

[South Park]

I also disagree with the person that you are quoting, the point of bitcoin is to give you full ownership of your money, something that cannot be achieved with fiat, so if someone wants to spend all the bitcoin they have on their hands then that is their call but if someone else wants to keep it and save as much as possible then that is fine too, also when we take into account how fast the price of bitcoin grows, the instability of the fiat system and that we need to save for our future then it is obvious I prefer to save most of the bitcoin I got.

Bitcoin is conceived as electronic money and that's why I believe it should be used that way. If no one were spending and no one was selling then there would be no bitcoin in free circulation in the market.
While there's nothing wrong with accumulating in anticipation of a better price, but what would anyone buy if there weren't sellers on the market?

But that is not the only function of money, money has another function and that is to be a store of value, look at gold, thousands of years ago you could by a lot of products with it and now you can do the same, this is a great store of value, bitcoin needs to perform this function as well and despite its volatility it seems it is on its way to achieve this, so while it is completely fine to spend bitcoin as that is one of its functions holding your bitcoin does not go against this as it is just another of the functions that money needs to serve.

[sunsilk]

But that is not the only function of money, money has another function and that is to be a store of value, look at gold, thousands of years ago you could by a lot of products with it and now you can do the same, this is a great store of value

Bitcoin is a good store of value and that's the reason why many people are investing with it and exchanging their fiat for it. But it's not also going to be the only reason why people are using and buying bitcoin. Bitcoin has been made to become as it is, to be a medium of exchange so if there are people spending their bitcoin with anything they want, it's okay because everyone adds up to the ecosystem of bitcoin which makes it greater today and adding more value due to its demand.

bitcoin needs to perform this function as well and despite its volatility it seems it is on its way to achieve this, so while it is completely fine to spend bitcoin as that is one of its functions holding your bitcoin does not go against this as it is just another of the functions that money needs to serve.

I agree.

Spending or holding it, it doesn't matter as long as you know how you're going to use it.

[FatFork]

But that is not the only function of money, money has another function and that is to be a store of value, look at gold, thousands of years ago you could by a lot of products with it and now you can do the same, this is a great store of value, bitcoin needs to perform this function as well and despite its volatility it seems it is on its way to achieve this, so while it is completely fine to spend bitcoin as that is one of its functions holding your bitcoin does not go against this as it is just another of the functions that money needs to serve.

Yes, I agree, but here we are talking about bitcoin's use for gambling, which is, in my opinion, one of bitcoin's first applications. And a very significant one in my opinion.
The first crypto casinos appeared shortly after the first faucets, back when bitcoin barely had any value.