Does bitcoin dump have any impact on gamblers ?

[sayaya17]

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

If we use the crypto that is in our wallet to gamble, it will have an impact on the gambler if the market dumps. But because I always separate
the funds for gambling, and in contrast to the funds for investment/trading, so I feel the decline in the crypto market has no impact when
gambling for me. Because what is in my wallet is not meant to be used for gambling, so when going to gamble I will usually buy BTC or altcoins
instantly as you said. Therefore, if Bitcoin to fall to the price of $10k, I will still gamble and will not reduce the capital I allocated for gambling.
Seems like most gamblers do what I do too, then we can check that the number of people gambling does not decrease significantly when
Bitcoin dumps.

[1714678912]

1714678912

[1714678912]

1714678912

[1714678912]

1714678912

[Silberman]

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.

I think that even in those circumstances gamblers with some compulsion issues will still care about the dump that is happening, because if they made a bet and they won they will realize they are not winning as much money as they could have won before the dump, so in order to compensate for this fact they will increase their bet size or to gamble for longer, which over the long term will only increase the chances to lose more money against the casino and this will make their compulsion even worse.

[asriloni]

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.

I think that much more on the personality. Remember that some gamblers used USD of fiat money to bet but others may used crypto to bet in the betting platform. You can't deny the fact that if gamblers itself who will be determining which value that will be used to gamble whether it will peg with fiar or crypto. In this case the site can't be blamed once crypto gamblers loosing their money

[GigaBit]

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.

I think that much more on the personality. Remember that some gamblers used USD of fiat money to bet but others may used crypto to bet in the betting platform. You can't deny the fact that if gamblers itself who will be determining which value that will be used to gamble whether it will peg with fiar or crypto. In this case the site can't be blamed once crypto gamblers loosing their money

Those who are usually use crypto gambling site definitely realize the issue. There are some gamblers prefer to use stable coins and some other gambling on Bitcoin or Altcoins. To avoid the volatility of this cryptocurrency, gamblers must stabilize their assets or gamble with little risk. I think generally gamblers are ignore the normal volatility to continuing gambling with out any interruption.

[passwordnow]

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.

For those like you, you won't feel the impact of it if you've decided to use those bitcoins that should be for holding. Emotions will push you to use it despite that you don't really have to but because of the situation, you're in that many losses.
You only have a few things wanting to do and that's to spend you have left on your holdings because there's no other fund you shall be getting it for you to continue and try to take back your losses.

[dimonstration]

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.

I think that much more on the personality. Remember that some gamblers used USD of fiat money to bet but others may used crypto to bet in the betting platform. You can't deny the fact that if gamblers itself who will be determining which value that will be used to gamble whether it will peg with fiar or crypto. In this case the site can't be blamed once crypto gamblers loosing their money

Those who are usually use crypto gambling site definitely realize the issue. There are some gamblers prefer to use stable coins and some other gambling on Bitcoin or Altcoins. To avoid the volatility of this cryptocurrency, gamblers must stabilize their assets or gamble with little risk. I think generally gamblers are ignore the normal volatility to continuing gambling with out any interruption.

Most of the time, Gamblers that still using Bitcoin and other altcoins instead of stablecoins during bear market are those using there investment on gambling. They don’t want to loss there position on the coins they are holding and at the same time they are risking there coins on gambling for a chance to increase there holdings. Whales that use Bitcoin all the time on gambling choose it as there investment that’s why they don’t to convert on stablecoin and missed out the price pump while there funds is still on gambling wallet.

[ethereumhunter]

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.

I think that much more on the personality. Remember that some gamblers used USD of fiat money to bet but others may used crypto to bet in the betting platform. You can't deny the fact that if gamblers itself who will be determining which value that will be used to gamble whether it will peg with fiar or crypto. In this case the site can't be blamed once crypto gamblers loosing their money

Those who are usually use crypto gambling site definitely realize the issue. There are some gamblers prefer to use stable coins and some other gambling on Bitcoin or Altcoins. To avoid the volatility of this cryptocurrency, gamblers must stabilize their assets or gamble with little risk. I think generally gamblers are ignore the normal volatility to continuing gambling with out any interruption.

In general, crypto gamblers who often gamble will ignore the volatility in the market because they find their world in gambling. But crypto gamblers who rarely gamble will think about market volatility and wait for the market to stabilize before depositing their coins on casino sites. But gamblers will know what to do if the market is stable or not and will choose what they feel comfortable with. So it will be up to the individual gambler to solve the volatility issue and act based on what they think is good for them.

[JeffBrad12]

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.

I think so. The gambling site will be using fiat value of crypto but i think that it will always give direct impact to the gamblers. The dump was also giving very very big impact in context we are talking about crypto gamblers but i think that those gamblers are always gambling their money directly to the platform rather than keeping their money in the gambling site.

[mirakal]

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.

I think that even in those circumstances gamblers with some compulsion issues will still care about the dump that is happening, because if they made a bet and they won they will realize they are not winning as much money as they could have won before the dump, so in order to compensate for this fact they will increase their bet size or to gamble for longer, which over the long term will only increase the chances to lose more money against the casino and this will make their compulsion even worse.

There are times that the gambler will care about the dumping that is happening or will be conscious enough if there will be soon while they are gambling because they could really lose some money along the way if they don't do something about it, they will adjust as they cannot really avoid that. Some are also using different type of crypto currency that is not so volatile unlike bitcoin and other leading altcoins, either way, it's a matter of perspective by the gambler because we have our own reasons why we chose some certain crypto for gambling.

[jaberwock]

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

If they are not a trader yes it won't have an impact to them but I think there are people who do both activities. They trade to earn and then they do gamble for fun but on top of that, they are still careful. In offline casinos yes, fiat money is the one that we will be using but I heard some real life casinos now allows cryptos. If crypto ATMs are possible then why not those machines? It can come handy because we might run out of physical cash.

For online casinos, it's also possible to use digital fiat other than cryptos but that is if you don't care about your privacy and you won't mind being tax wherever you make a win. Another thing that can discourage users is the games. We still have better games here in a crypto casino.

[Lucasgabd]

<...>
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.

you are right
the point is regardless if the person is gambling for fun or as a "profession" they'll have to decide if they want to hold btc or usd after gambling
it's not the simplest decision depending on where you are gambling too
many things to consider

[erep]

you are right
the point is regardless if the person is gambling for fun or as a "profession" they'll have to decide if they want to hold btc or usd after gambling
it's not the simplest decision depending on where you are gambling too
many things to consider

Every gambler has different reasons for keeping balances in BTC or USD, but in the category of crypto gamblers will choose BTC regardless of the market price, but some want USD because they don't want the value to decrease when the crypto market declines. But it all depends on individual decisions and more gamblers still hold BTC because it is not for investment so it is not affected by the market price.

[Woodie]

Of course price will always have an impact on how crypto products are used and in this sense gambling is likely to increase as quantity of coins increases thanks to the buying power of fiat chasing the dumped value of coins increases ...but then again this could be a 50-50 thing as new players could get in or the same traffic that was there when coins were expensive could continue, hence no change but ultimately more people would gamble as a result of the drop in price.

[coolcoinz]

What's there to discuss? One bitcoin is one bitcoin.

If you gamble with fiat money and use bitcoin just to avoid government bans or reach sites that aren't available with fiat, price won't matter to you. You always cash out your BTC earnings and turn them into fiat when you're done and you buy it with fiat every time you go to a casino - you're unaffected.

If you're a bitcoin holder who wants to spend some of your stash in a casino, you'll also be unaffected because if bitcoin is worth half of what it used to be, you can bet twice more, keeping the bet at the same level as it used to be in fiat terms. If you bet $10 in BTC and double it, you'll have $20 in Bitcoin. It's that simple.

[Lanatsa]

What's there to discuss? One bitcoin is one bitcoin.

If you gamble with fiat money and use bitcoin just to avoid government bans or reach sites that aren't available with fiat, price won't matter to you. You always cash out your BTC earnings and turn them into fiat when you're done and you buy it with fiat every time you go to a casino - you're unaffected.

If you're a bitcoin holder who wants to spend some of your stash in a casino, you'll also be unaffected because if bitcoin is worth half of what it used to be, you can bet twice more, keeping the bet at the same level as it used to be in fiat terms. If you bet $10 in BTC and double it, you'll have $20 in Bitcoin. It's that simple.

Fact!

You would really be still converting from fiat to btc and btc to fiat and this is where people do really usually do in the end of the day thats why i dont see a point on why making out some argumentation if market dumps

do really give out some impact on gamblers.Come to think that they are playing and they are willing to lose money and they wont really be minding on what the market condition would be.

Dumps are common and if you are really that mindful about investment then you wouldnt really be minding about that matter.

[harizen]

You would really be still converting from fiat to btc and btc to fiat and this is where people do really usually do in the end of the day thats why i dont see a point on why making out some argumentation if market dumps do really give out some impact on gamblers.Come to think that they are playing and they are willing to lose money and they wont really be minding on what the market condition would be.

That should be the common approach by most gamblers as in the first place, "gamblers are gamblers" regardless if they are betting using fiat or crypto.

If bitcoin dump has an impact on gamblers, there should be a big concern about that since then as we already experienced lots of bitcoin dump in the process but there's not. Nothing really difference when a gambler converts fiat to bitcoin to be used on crypto-gambling sites.

It's just the same as the usual purpose that most people do when they convert bitcoin to fiat or vice-versa.

[TimeTeller]

What's there to discuss? One bitcoin is one bitcoin.

If you gamble with fiat money and use bitcoin just to avoid government bans or reach sites that aren't available with fiat, price won't matter to you. You always cash out your BTC earnings and turn them into fiat when you're done and you buy it with fiat every time you go to a casino - you're unaffected.

If you're a bitcoin holder who wants to spend some of your stash in a casino, you'll also be unaffected because if bitcoin is worth half of what it used to be, you can bet twice more, keeping the bet at the same level as it used to be in fiat terms. If you bet $10 in BTC and double it, you'll have $20 in Bitcoin. It's that simple.

Fact!

You would really be still converting from fiat to btc and btc to fiat and this is where people do really usually do in the end of the day thats why i dont see a point on why making out some argumentation if market dumps

do really give out some impact on gamblers.Come to think that they are playing and they are willing to lose money and they wont really be minding on what the market condition would be.

Dumps are common and if you are really that mindful about investment then you wouldnt really be minding about that matter.

Just think that we have experienced countless dumps in this market, and yet, the gambling business is still alive and surviving.
It is actually one of the businesses that continues to survive despite of the various crises that we have encountered throughout the years.
So these dumps, are not to be worried when it comes to gambling, gamblers will always find their way in into this industry.

[Quidat]

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.

For those like you, you won't feel the impact of it if you've decided to use those bitcoins that should be for holding. Emotions will push you to use it despite that you don't really have to but because of the situation, you're in that many losses.
You only have a few things wanting to do and that's to spend you have left on your holdings because there's no other fund you shall be getting it for you to continue and try to take back your losses.

When you are that impulsive then your investment or something been saved will really be in great risk or trouble on being spent which it would really be a good indication that you should stop gambling.
before its too late but if you do know that you are really having that good control of yourself when it comes to fund handling then i dont really see any problems with that.
Investment is totally separated on the thing you've been dealing with gambling which those funds shouldnt really be spent on the first place if you are really that too emotional.
Dont play if you do easily snip up those investments whenever you are in a loss.

[traderethereum]

Of course price will always have an impact on how crypto products are used and in this sense gambling is likely to increase as quantity of coins increases thanks to the buying power of fiat chasing the dumped value of coins increases ...but then again this could be a 50-50 thing as new players could get in or the same traffic that was there when coins were expensive could continue, hence no change but ultimately more people would gamble as a result of the drop in price.

Maybe many people who will gamble are already used to gambling so they don't think about the price declines that occur in the market.
Well, they do what they want and continue to gamble in all sorts of situations and are unaffected by it.
But not all gamblers will be willing to continue gambling because if they use gambling as entertainment, they will probably stop when the price drops.
But whatever it is, we'd better focus on buying potential coins and not use them for gambling because it will be able to benefit us later.

[passwordnow]

For those like you, you won't feel the impact of it if you've decided to use those bitcoins that should be for holding. Emotions will push you to use it despite that you don't really have to but because of the situation, you're in that many losses.
You only have a few things wanting to do and that's to spend you have left on your holdings because there's no other fund you shall be getting it for you to continue and try to take back your losses.

When you are that impulsive then your investment or something been saved will really be in great risk or trouble on being spent which it would really be a good indication that you should stop gambling.
before its too late but if you do know that you are really having that good control of yourself when it comes to fund handling then i dont really see any problems with that.
Investment is totally separated on the thing you've been dealing with gambling which those funds shouldnt really be spent on the first place if you are really that too emotional.
Dont play if you do easily snip up those investments whenever you are in a loss.

It's quite rare to see those gamblers that will admit that they're no longer in control. They'll tell that everything's under control despite that they're already totally devastated by their addiction and that's why even their investments, all of it are being spent so it won't matter to them the usage of it whether bitcoin pumps or dumps. But I do recognize that there are gamblers that no doubt are in control of what they do.