Does bitcoin dump have any impact on gamblers ?

[X-ray]

if you use btc, I think it has a very big impact on spending, especially at this time bitcoin is experiencing a decline, and of course those who use bitcoin need twice as much for their capital, the impact caused is a decrease in gambling that uses btc and they return to fiat/stablecoin as an alternative or can be said to minimize loss if later btc returns to 40k $

If gamblers have their money in the fiat form and it will not give impact.  If they are holding their crypto in their gambling wallet and this will actually give a very big impact to gamblers. Their money have been decreasing a lot. They need to deposit more funds to increase their fund again.
Gamblers are always betting with low amounts of money. This will not give impact to the gamblers. I shall remind you that if gamblers may always directly depositing and then withdrawing their money once they have finished to gamble.

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[traderethereum]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

Actually if you are a gambler the value of crypto to you is like doesn't affect much you very because in gambling you can win more like 2x or 3x, And imagine you win that and weeks later the value pumps there's nothing wholesome with that right ?

You are right indeed, gambler are focus more on their gains and not in the value of the bitcoin. And also just to add there are game streamers right now who play gambling the most famous one is XQZ.

A gambler will not think about market conditions, especially if the market is experiencing a deep downturn.
They will continue to gamble and spend more money just to satisfy their desire to gamble.
But we must not follow their way because it will only make us lose.
Maybe we should pause for a moment if the market goes down because that means if we keep using bitcoin to gamble, we should use more satoshi and I don't think that's a good decision.

[gunhell16]

They don't really care about that. The fact that if what matters a lot to the gamblers was the global economic. The bad trend in the crypto means nothing. Gamblers are using fiat value as basis to play in the casino but sometime they were also using altcoins.
The gambling is an instant play and it's not the same like an investment. If you are playing the game and you will get two results. Win or lose. That's why dump means nothing for the gamblers.
This is quite different compared when someone was gambling in the casino.

In truth, aside from what was said, other gamblers are bitcoin holders, even though the price of bitcoin is down at the moment, there are still others who still use BTC to bet on games, especially if they know that they will win. He will always accumulate bitcoin and it will be in his favor as a holder. But of course if you are just a typical crypto gambler, and he wants to stay in the game for a long time and he also wants to get lucky, he will choose another crypto to use such as dogecoin or TRX not bitcoin.

Meanwhile, if there is any gambler who doesn't care about the falling value of bitcoin in the market, I am sure that this kind of gambler is a gambling addict. The only thing they think about is gambling and gambling and always thinking about making a lot of money because they always rely on luck...

[topman21]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

It seems to me that a gambler has nothing to do with his bitcoin market rise. If he is betting by converting to dollars then I think his assets are sometimes dumping the market There will be no effect. But this is completely opposite when you consider the case of an investor and trader. Their investment depends entirely on market conditions.

[d3nz]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

It seems to me that a gambler has nothing to do with his bitcoin market rise. If he is betting by converting to dollars then I think his assets are sometimes dumping the market There will be no effect. But this is completely opposite when you consider the case of an investor and trader. Their investment depends entirely on market conditions.

If the gambling sites depend on the value of the cryptocurrency then, it has a big impact on gamblers. But, I think that gambling sites use cryptocurrency which is not converted to USD since we all know that market is very volatile it can go up and down.

[rhomelmabini]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

It seems to me that a gambler has nothing to do with his bitcoin market rise. If he is betting by converting to dollars then I think his assets are sometimes dumping the market There will be no effect. But this is completely opposite when you consider the case of an investor and trader. Their investment depends entirely on market conditions.

Gamblers tend to be traders and investors too and with the dump they must surely has affected on it if we say about the USD balance is concerns in conversion. Correct me if I'm wrong but most gamblers who really knows cryptocurrency aren't only for gambling but I'm pretty sure they are investors too.

[tomos81]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

It seems to me that a gambler has nothing to do with his bitcoin market rise. If he is betting by converting to dollars then I think his assets are sometimes dumping the market There will be no effect. But this is completely opposite when you consider the case of an investor and trader. Their investment depends entirely on market conditions.

If the gambling sites depend on the value of the cryptocurrency then, it has a big impact on gamblers. But, I think that gambling sites use cryptocurrency which is not converted to USD since we all know that market is very volatile it can go up and down.

If the gambler has placed his bet in bitcoin or ethereum after the market has moved up or down or the market has changed.Gambler's Bitcoin will change. Stablecoins can also be bet directly on many betting sites.

[Lucasgabd]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

Actually if you are a gambler the value of crypto to you is like doesn't affect much you very because in gambling you can win more like 2x or 3x, And imagine you win that and weeks later the value pumps there's nothing wholesome with that right ?

You are right indeed, gambler are focus more on their gains and not in the value of the bitcoin. And also just to add there are game streamers right now who play gambling the most famous one is XQZ.

A gambler will not think about market conditions, especially if the market is experiencing a deep downturn.
They will continue to gamble and spend more money just to satisfy their desire to gamble.
But we must not follow their way because it will only make us lose.
Maybe we should pause for a moment if the market goes down because that means if we keep using bitcoin to gamble, we should use more satoshi and I don't think that's a good decision.

yes, I think the most likely outcome is that gamblers will ignore market conditions
but you are right, for those who care about crypto as an investment that is not the most wise decision.

each decision has its tradeoffs.

[virasisog]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

Actually if you are a gambler the value of crypto to you is like doesn't affect much you very because in gambling you can win more like 2x or 3x, And imagine you win that and weeks later the value pumps there's nothing wholesome with that right ?

You are right indeed, gambler are focus more on their gains and not in the value of the bitcoin. And also just to add there are game streamers right now who play gambling the most famous one is XQZ.

A gambler will not think about market conditions, especially if the market is experiencing a deep downturn.
They will continue to gamble and spend more money just to satisfy their desire to gamble.
But we must not follow their way because it will only make us lose.
Maybe we should pause for a moment if the market goes down because that means if we keep using bitcoin to gamble, we should use more satoshi and I don't think that's a good decision.

yes, I think the most likely outcome is that gamblers will ignore market conditions
but you are right, for those who care about crypto as an investment that is not the wisest decision.

each decision has its tradeoffs.

Trading and gambling are two different things and I think traders are more affected by dumps because they focus on the value of crypto while gamblers just bet and enjoy playing regardless of the market situation. As for me, the market condition and the value of crypto don't affect gamblers that focus more on playing and gambling unless they're reinvesting and trading their earned profits later on.

[noormcs5]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

Actually if you are a gambler the value of crypto to you is like doesn't affect much you very because in gambling you can win more like 2x or 3x, And imagine you win that and weeks later the value pumps there's nothing wholesome with that right ?

You are right indeed, gambler are focus more on their gains and not in the value of the bitcoin. And also just to add there are game streamers right now who play gambling the most famous one is XQZ.

A gambler will not think about market conditions, especially if the market is experiencing a deep downturn.
They will continue to gamble and spend more money just to satisfy their desire to gamble.
But we must not follow their way because it will only make us lose.
Maybe we should pause for a moment if the market goes down because that means if we keep using bitcoin to gamble, we should use more satoshi and I don't think that's a good decision.

yes, I think the most likely outcome is that gamblers will ignore market conditions
but you are right, for those who care about crypto as an investment that is not the wisest decision.

each decision has its tradeoffs.

Trading and gambling are two different things and I think traders are more affected by dumps because they focus on the value of crypto while gamblers just bet and enjoy playing regardless of the market situation. As for me, the market condition and the value of crypto don't affect gamblers that focus more on playing and gambling unless they're reinvesting and trading their earned profits later on.

The trader is more affected by the bitcoin price fluctuations as they have running trades and they make money on this bitcoin pump and dump. Future trading is one example where people either lose money or gain money if they are correctly able to predict the bitcoin's next movement.
Gamblers do not care much about the bitcoin dump as their winning and losing do not depend upon the bitcoin price movement. However, their portfolio and savings will decrease in a dump if calculated in dollar value.

[goldkingcoiner]

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

It seems to me that a gambler has nothing to do with his bitcoin market rise. If he is betting by converting to dollars then I think his assets are sometimes dumping the market There will be no effect. But this is completely opposite when you consider the case of an investor and trader. Their investment depends entirely on market conditions.

If the gambling sites depend on the value of the cryptocurrency then, it has a big impact on gamblers. But, I think that gambling sites use cryptocurrency which is not converted to USD since we all know that market is very volatile it can go up and down.

If the gambler has placed his bet in bitcoin or ethereum after the market has moved up or down or the market has changed.Gambler's Bitcoin will change. Stablecoins can also be bet directly on many betting sites.

If the gambler is betting with cryptocurrency that dumps and pumps like Ethereum then obviously I think that his gamblers nature will make him feel as if he is in a bad trade. At that point he might trade his coin for a stablecoin. But thats a mistake that people make without knowing whether or not their crypto will go up or down again. An if it goes up instead of down the gambler will have made a loss on his holdings.

So I think its best to either bet with stablecoins or not trade back and forth if the market isnt looking good.

[smartaction]

Trading and Gambling is totally different things. when someone start gambling must of the gamblers use there fiat money for gamble on the real offline casino. But then they comes on online casino then they buy btc or others currency instant by fiat money and deposit there money on Casino platform. So i don’t think if btc price dump it can impact on gamblers

[Daltonik]

I think that the bitcoin dump, if it has an impact on gambling players, is only positive, since it becomes more accessible for purchase and therefore the number of players using bitcoin in online casinos may grow.

But this is only if you have not bought bitcoin before on the pump, here of course there may be a temptation to win back, bearing in mind how much you spent on this fiat, and here you can already lose too carried away.

[harizen]

So I think its best to either bet with stablecoins or not trade back and forth if the market isnt looking good.

Not really necessary to bet on stablecoins just to think that spending top coins is kind of a waste. Remember that in some gambling sites, there's a feature where bettors can place a bet on its Fiat value to still control the bet on their preferred fiat currency value while using cryptos.

But either way, I think that's not really a big deal for gamblers. If that so, we should see a declined in numbers of gamblers during the bear market but still, the crypto-gambling is alive and kicking regardless of the market trend.  

It's because gambling is gambling and crypto-gamblers will just gamble for their usual purposes. Simple as that.

[kamvreto]

Not really necessary to bet on stablecoins just to think that spending top coins is kind of a waste. Remember that in some gambling sites, there's a feature where bettors can place a bet on its Fiat value to still control the bet on their preferred fiat currency value while using cryptos.

But either way, I think that's not really a big deal for gamblers. If that so, we should see a declined in numbers of gamblers during the bear market but still, the crypto-gambling is alive and kicking regardless of the market trend.  

It's because gambling is gambling and crypto-gamblers will just gamble for their usual purposes. Simple as that.

some gambling sites also give you the choice of whether to use stablecoins or use the gambling coins themselves. But most gamblers choose to use gambling coins because they provide many bonuses and price fluctuations that will be profitable if the market starts to go bullish.

crypto gamblers also aim for profit, so instead of using stablecoins with constant fluctuations, it is better to use real coins from gambling, so that when betting and winning the coins will increase and the value will also increase when the coin price goes up.

[Ludmilla_rose1995]

Trading and Gambling is totally different things. when someone start gambling must of the gamblers use there fiat money for gamble on the real offline casino. But then they comes on online casino then they buy btc or others currency instant by fiat money and deposit there money on Casino platform. So i don’t think if btc price dump it can impact on gamblers

someone who is a heavy gambler will definitely not mind the price of bitcoin even if it drops because in his mind only how to multiply his money, it is very different from traders who think bitcoin only based on fiat value. so in my opinion, the falling bitcoin price has no impact on the decisions that a gambler will take.

[Cookdata]

Trading and Gambling is totally different things. when someone start gambling must of the gamblers use there fiat money for gamble on the real offline casino. But then they comes on online casino then they buy btc or others currency instant by fiat money and deposit there money on Casino platform. So i don’t think if btc price dump it can impact on gamblers

someone who is a heavy gambler will definitely not mind the price of bitcoin even if it drops because in his mind only how to multiply his money, it is very different from traders who think bitcoin only based on fiat value. so in my opinion, the falling bitcoin price has no impact on the decisions that a gambler will take.

Why wouldn't they mind considering that they are big investor, it is not as if they don't mind if bitcoin reduce the value of their USD when there is a dump but it is painful when there is a pump and you don't have your deposit in bitcoin, you will always have bitcoin with more value. This is why it is very important to purchase your bitcoin when the price is low and use them to bet when you need them and not when the price is already at an all-time high.

[passwordnow]

someone who is a heavy gambler will definitely not mind the price of bitcoin even if it drops because in his mind only how to multiply his money, it is very different from traders who think bitcoin only based on fiat value. so in my opinion, the falling bitcoin price has no impact on the decisions that a gambler will take.

Only if that gambler is desperate on taking back his losses. But someone who's still aware of the market situation won't allow himself to do it. The discipline might be gone but when he's eager to have that investment he's holding, the price will make him remember to have a limitation.
But in some circumstances, you're right that a heavy gambler won't think about the price of bitcoin when he's too emotional.

[Quidat]

someone who is a heavy gambler will definitely not mind the price of bitcoin even if it drops because in his mind only how to multiply his money, it is very different from traders who think bitcoin only based on fiat value. so in my opinion, the falling bitcoin price has no impact on the decisions that a gambler will take.

Only if that gambler is desperate on taking back his losses. But someone who's still aware of the market situation won't allow himself to do it. The discipline might be gone but when he's eager to have that investment he's holding, the price will make him remember to have a limitation.
But in some circumstances, you're right that a heavy gambler won't think about the price of bitcoin when he's too emotional.

In my part which my gambling funds is totally different from my investment which it is already that allocated but not really that too much yet we know that gambling could really cause too much losses.
Some might be that mindful about market movement and would really be that keen on using some of their coins but since mostly been using btc then we do cherish it much when it comes to its value.
I could say that it wont really be giving much impact since gamblers are prepared on what they would potentially lost whenever they do touch up gambling space.

[X-ray]

Trading and Gambling is totally different things. when someone start gambling must of the gamblers use there fiat money for gamble on the real offline casino. But then they comes on online casino then they buy btc or others currency instant by fiat money and deposit there money on Casino platform. So i don’t think if btc price dump it can impact on gamblers

I think that you misunderstood about that. It's not about trading or gambling. The fact that some gamblers may still leave their cryto in their accounts, that means if there would be a huge dump that happened with crypto and these gamblers who are still storing their crypto in their gambling accounts will be affected due to the volatility in the crypto market. It's very easy to understand that if this is not about the comparison between gambling and trading. You must know the differences.
This is about possible thing for dump to affect gamblers.