Btc or Usdt? Which is better to gamble with?

[2double0]

I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?

[sunsilk]

I would be happy to gamble with btc when the price was quite higher than it is right now. As long as you can use your USDT then keep using it for gambling.

You don't have to worry about it for the moment and despite their freezing accounts, as long as you're only using it to gamble then you do not have anything to worry about it and, it's not ideal to gamble that much with BTC lately because of the price drop unless you're holding a lot of bitcoin and would happy to spend it.

[TheUltraElite]

You have to have a diplomatic mindset when the people around you are brain dead about something new. USDT has speculation of being a scam but it is useful? Yes, only as an intermediary to cover the doll-cost average when the market is at its extremes. You sell BTC for USDT at a high and hold that USDT for the time being, then use that USDT to buy BTC at the low.

For gambling? No. I you would follow my above advice, you got that USDT for selling BTC and you are not holding it (viz, the scam speculation). Hence your objective is to multiply your BTC by trading USDT and not gambling.

But of course it is your money and you can use USDT to gamble, if you find a casino allowing that. But I hope you know that gambling would not mean a doubling of money but trading does have that chance.

[Gorosden]

If you aren't satisfied or feel safe with USDT then choose BUSD, it's a bad idea to use BTC right now for gambling because bear market is highly possible, there will be losses if you choose BTC right now

[Bitcoin_Arena]

Both are necessary depending on the situation of the market. Talk about shooting two birds with one stone.

I would use BTC to gamble if the market dip has bottomed out (Like it was when BTC was 3K) and during the bull run. This would mean that on top of making winnings, my BTC stash would grow in value vs USD

I would gamble using USDT during a bear market (times when the price is just dropping to new lows). It wouldn't make sense winning $1,000 worth BTC to day and yet tomorrow I am going to cash out BTC worth $200 due to a price crash.

[Strongkored]

I am more concerned with network fees as well as what coins I have when I want to make a deposit and also kind of coins available on gambling websites where I usually gamble.
I prefer to use BTC because I get paid from the signature campaign in the form of BTC so I don't need to use my fiat to buy coins to gamble, and I'm just a small gambler so the price BTC movement doesn't really have any effect in my profit.

[ethereumhunter]

When the bitcoin price seems to go down, you can use usdt as your hedge against bitcoin. And when the bitcoin price is already at the bottom, you can buy back bitcoin again and I am sure you will have more bitcoin than before. But if you confuse to determine which you will use to gamble, that will be back to you because you do not have to worry about bitcoin price volatility and you can still use bitcoin to gamble. But you can also use usdt to gamble but I do not think that many casinos will use it for gambling.

[2double0]

<<>>
I would gamble using USDT during a bear market (times when the price is just dropping to new lows). It wouldn't make sense winning $1,000 worth BTC to day and yet tomorrow I am going to cash out BTC worth $200 due to a price crash.

The problem is, how and when do we know about the bear trends taking place. When I am not sure about the trend (like the recent one where, when we thought btc was going back up, it came down again and again), is btc still a good option to gamble with? Or should I choose usdt to keep my gains limited, yet fixed instead of going for volatile gains?

[noorman0]

If you want to accumulate your profits in a stable value, then use stable coins. I agree with your concern about potential usdt scam, it has been discussed a lot in this forum. You will likely have to look for an alternative gambling platform that accepts many stable coin options such as DAI, BUSD and etc.
I don't know where you gamble but there are some gambling platforms that basically hedge the customer's assets in a stable value no matter what coin you use, for example roobet.

[btc78]

I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?

You are already a legendary and there are so many speculation for all the coins in this market , there are some good and there are some bad.

Even bitcoin has tons of attack about will be doomed soon , same as the USDT so what is your issue about?
if you will going to be affected then better leave the crypto and go on your life.



also you asked about only 2 coins when there are so many option here to use as gambling coins, Like Dogecoin that seems to be the cheapest transaction fee.

you can also Use Litecoin and Tron , and also consider Ripple .

[2double0]

You are already a legendary and there are so many speculation for all the coins in this market , there are some good and there are some bad.

It was just a question asked and has nothing to do with my rank here. I didn't invite you here personally to respond to my question, and what made you get offended and butthurt? Eh, because I didn't talk about the following?

also you asked about only 2 coins when there are so many option here to use as gambling coins, Like Dogecoin that seems to be the cheapest transaction fee.

you can also Use Litecoin and Tron , and also consider Ripple .

I guess you're blind or such a dumb to understand what was this debate about? It's about a fiat pegged token that remains almost 1:1 all the time while btc fluctuates in price and so does the coins that you mentioned in your comment.

Even bitcoin has tons of attack about will be doomed soon , same as the USDT so what is your issue about?

What the fuck are you doing here if btc is going to get doomed soon? Go get a sleep man.

if you will going to be affected then better leave the crypto and go on your life.

And you are a nobody to tell me that. It's my decision, seriously, it's my personal decision to be here or enjoy my real life, you're a nobody to tell me what to do. Just as I'm a nobody to you.

[onecall123]

If you aren't satisfied or feel safe with USDT then choose BUSD, it's a bad idea to use BTC right now for gambling because bear market is highly possible, there will be losses if you choose BTC right now

Even BUSD is centralized itself, so the terms of safe not suite here. BUSD, USDT both are centralized and risk factor co-related, in terms of fees you only chosse BUSD over USDT. BUSD build on Binance Smart Chain, there is zero fees on Binance platform. Anyway, if you're looking long term then it's time for loading up your satoshi balance.

[anu1908]

there is zero fees on Binance platform.

this is a bit misleading. binance still charge you fees, albeit lower than other platforms such as eth. so you still need to count the fees if you want to use stable coin running on binance chain. as an alternative, check out other chain such solana or harmony if you want something that are more 'decentralized' (chain wise).

[Naficopa]

I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?

The rumor that USDT is a scam arose at a time when its market cap started to grow very rapidly. It later became known that USDT successfully passed several audits. Fudders, however, did not stop attacking him and continues to say that audits and USDT are scams.
In my opinion, you should be careful when investing in any cryptocurrency and remember that if someone has a private key to your cryptocurrency, it is not safe.
Personally, I use USDT very often but try to keep small amounts in it.

[$crypto$]

<<>>
I would gamble using USDT during a bear market (times when the price is just dropping to new lows). It wouldn't make sense winning $1,000 worth BTC to day and yet tomorrow I am going to cash out BTC worth $200 due to a price crash.

The problem is, how and when do we know about the bear trends taking place. When I am not sure about the trend (like the recent one where, when we thought btc was going back up, it came down again and again), is btc still a good option to gamble with? Or should I choose usdt to keep my gains limited, yet fixed instead of going for volatile gains?

If still in doubt keep using USDT to keep your limited profits in gambling because I also know the trend cannot be confirmed even the price will tend to fall again and again what the decision will be worrying and I never use BTC to bet because I am a small gambler so I will maintain my stability with USDT.

From the BTC the signature results are then converted to USDT and of course I will be charged with expensive BTC so I choose the tron network USDT for cheaper.

But sometimes there are also those who believe more in BTC to bet, they believe the price will definitely rise again.

[stomachgrowls]

I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?

Actually matters on your own needs because not all would really be having that kind of mindset or concern when it comes to investment which means that whenever they do gamble they dont really mind off about on how too make profit out of moving prices or simply with volatility but instead they would be mindful on how to make profit out of their gameplays.

This is a bit common on where saying that USDT is a scam. We cant make out conclusions until it do happens on point or somewhere on future or just basically these are just false presumptions, no one can tell.

If you do gamble and if you do look your Bitcoins as a precious one then you would really be having a hindrance on doing it but if you dont really care that much on spending it on your leisure
time then its actually a personal choice.

[sunsilk]

The rumor that USDT is a scam arose at a time when its market cap started to grow very rapidly. It later became known that USDT successfully passed several audits. Fudders, however, did not stop attacking him and continues to say that audits and USDT are scams.
In my opinion, you should be careful when investing in any cryptocurrency and remember that if someone has a private key to your cryptocurrency, it is not safe.
Personally, I use USDT very often but try to keep small amounts in it.

It's not about investing on any cryptocurrency but it's about OP asking for what seem to be a better cryptocurrency to be used as he gamble.

It's also not about any rumor or audits that has been made for USDT but it's just about the technique for what is a better crypto to be used if you got both.

[cabron]

You are the one who makes a decision of which you wanted to use. If its up to me, its still going to be BTC because I'm up to stacking sats.
The value of BTC will rise, unlike USDT which is a stablecoin. Although if you lose you lose big, you could also profit big when you win with BTC especially when the value rises up again.

[Bttzed03]

A dilemma for being a gambler and an investor at the same time Gambling with BTC should be fine right now as the price is ranging from $30K to $40K (with $30K as the perceived bottom by many). You can still use USDT as you like especially if the plan is to use your winnings to buy more BTC. You'll just have to deal with the added fees.

The main issue with USDT is it's not 100% backed by fiat. If something happens to Tether's other liquid assets, you'll probably be affected as well for holding USDT. So yeah, you might as well consider other stable coins.

[semobo]

I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?

USDT is not a scam but as your colleagues think it may be blown someday since the team is printing tokens again and again when the market is rising so it may face hyperinflation. Whereas all the decentralized cryptos are volatile so whether you choose a stable decentralized token like DAI but rarely we can see them on the gambling sites so my suggestion will just go with the bitcoin and choose the sites which deposit your balance in fiat form like USD so no matter the price increase or decrease the value of your gambling account is going to be same.