Does bitcoin dump have any impact on gamblers ?

[Mr. Magkaisa]

If I am one of the Bitcoin fanatic or Holder, of course there is an impact. If the price got dumped, I would rather to use Bitcoin in any of the games in the gambling site, whether it is slots games, dice, crash, poker and more as long as I have a chance to earn Bitcoin, because once there is a big accumulation I did, in short there is also a big profit I could get when the bitcoin bull run will be happen in the market.

[1714660259]

1714660259

[Kelvinid]

If I am one of the Bitcoin fanatic or Holder, of course there is an impact. If the price got dumped, I would rather to use Bitcoin in any of the games in the gambling site, whether it is slots games, dice, crash, poker and more as long as I have a chance to earn Bitcoin, because once there is a big accumulation I did, in short there is also a big profit I could get when the bitcoin bull run will be happen in the market.

It won't really matter as we are using BTC for betting unlike if we use it to convert our BTC to fiat money. Because gamblers will continue to gamble despite the bear situation of the market. But those who are very concerned about the price and consider Bitcoin as an investment, certainly make preferred to hold and minimize their bettings rather than spending a lot of time gambling. This is really all about how the individuals think about Bitcoin whether it was an investment or as a currency used for gambling, and the impact on their life is quite different.

[ethereumhunter]

If I am one of the Bitcoin fanatic or Holder, of course there is an impact. If the price got dumped, I would rather to use Bitcoin in any of the games in the gambling site, whether it is slots games, dice, crash, poker and more as long as I have a chance to earn Bitcoin, because once there is a big accumulation I did, in short there is also a big profit I could get when the bitcoin bull run will be happen in the market.

Indeed there will be opportunities to get big profits from using bitcoin, i.e. when you can win a lot of satoshi and when the price of those bitcoins rises high so you will get big profits. But keep in mind that when the price of bitcoin goes down, it means the fiat balance in your account also decreases and when you gamble with bitcoin, you also put up more satoshi to gamble. But as a holder, of course, it's not a problem because a holder must have more bitcoins than other gamblers.