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Question: Which Crypto coin Do you prefer to use when gambling?
Bitcoin and other unstable coins only.
Usdt and other stable coins only.
Any coins goes, stable or unstable.

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Author Topic: Which Crypto coin Do You Gamble with the Most?  (Read 807 times)
Fivestar4everMVP (OP)
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May 24, 2023, 01:25:04 PM
 #1

This is something I was discussing in one of my comment on one of the threads on this board, I shared the below as my opinion and thought to escalate it as a new thread to get to find out what crypto currencies every other gambler out there prefer..

Personally, I've always preferred doing all my gambling transactions in stable coin, like I explained a bit in my comment in another thread, gambling with stablecoins helps me to..

1. Keep track of my actual spending..
2. It helps me keep and maintain a threshold in times of long loosing streak - i will explain further..

Keep track of spending in gambling is kinda hard to do with unstable coins like bitcoin and other altcoin, for example, let say, yesterday, you gambled away 0.01 bitcoin, and at the time of the transaction, 0.91 bitcoin was worth $500 due to the price of bitcoin then, and you already put it on record that you lost $500 in gambling yesterday, and by today, the over all price of bitcoin increase by let's say 15 percent or more, going back to your loss in yesterday's gambling, you know it's no longer $500 you lost, the amount you lost has increased by 15 percent or more due to the increase in price of bitcoin - simply because if you hadn't gambled away the bitcoin but held it, the gains today would have been in your pocket - this example is also the other way round in cases where the price of bitcoin falls instead of increase..

The point is, this can create confusion for those who keep a gambling journal - some kind of spreadsheet where they keep record of all their gambling wins and losses - this helps to know when you actually spending too much in gambling and not getting any profit in return.

With stable coin, keeping a clean sheet is possible as $1 loss will always be $1, while a $2 win will always be $2 since stable coins do not show any significant increase or decrease in their price except in times of crises, which is not something that happens frequently..

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

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May 24, 2023, 01:30:16 PM
 #2

After a very massive bear market like when bitcoin got to $16000 and now, I prefer to use bitcoin to gamble. But I still also prefer to use stable coins like USDT or USDC if available.

After a very long bull market, I do not gamble with bitcoin but using only stable coins.

I use altcoins like litecoin too, when the market as been very red with huge bear market.

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May 24, 2023, 01:38:35 PM
 #3

The point is, this can create confusion for those who keep a gambling journal - some kind of spreadsheet where they keep record of all their gambling wins and losses - this helps to know when you actually spending too much in gambling and not getting any profit in return.

With stable coin, keeping a clean sheet is possible as $1 loss will always be $1, while a $2 win will always be $2 since stable coins do not show any significant increase or decrease in their price except in times of crises, which is not something that happens frequently..
The main problem is you shouldn't view how much your Bitcoin equivalent to USD because this will create confustion, just view it in BTC equivalent, 1 BTC = 1 BTC. However there are casinos will show your bankroll in USD equivalent, you need to change it on settings or pick a casino where it show bankroll in BTC equivalent.

Most casinos are only accept USDT in ETH network, the fee is high, so make sure you're use Tron network or other that is cheaper.

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May 24, 2023, 02:13:44 PM
 #4

Just like others, I prefer to use stable coins. Reason?, Avoid guilt. Using volatile cryptos would put me on guilt especially if the market price increases and happened that I've lost my capital. It would somehow leave me an impression of a double loss. Atleast with stable cryptos, price would remain as is. If I would be losing $800 in a single day, it would remain the dame unlike with $800 worth of btc perhaps, which could be $1k or more if I choose to hold. It won't  be on a literal basis but the idea is to just lose an amount as is and no other potential of earning profit. But I do get the idea that to other gamblers, using other cryptos, even if volatile, would cost them less with transaction fees which could really be a pro for them.

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May 24, 2023, 02:27:01 PM
 #5

I started gambling with Bitcoin after funding my account however due to the instability of the price of Bitcoin It couldn't allow me to get accurate details of my profits, honestly it wasn't easy for me to place a bet a fix amount even before the started at times the value staked might dropped or increased due to price fluctuating until my gambling site provided an alternative means of deposit which is via a stable coin i.e USDT with it I was able to keep a track records of stakes, profits and losses, though with the aid of an exchange I can exchange my USDT to Bitcoin for hodling in my wallet hence I am very much satisfied with the various alternative means of using cryptos to bet or gamble.

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May 24, 2023, 02:34:28 PM
 #6

I cannot remember when I started to switch from BTC but I've been using stable coin quite a lot now. I don't quickly withdraw and convert my winnings to fiat so I don't have to worry about the coin's price tomorrow or after a few days. Sometimes I use other altcoins that are accepted by the casinos mainly for convenience sake.

R


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May 24, 2023, 02:44:59 PM
 #7

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
The online crypto gambling industry, indeed they are currently competing to implement withdrawal and deposit features with various types of crypto, that is the main attraction for gamblers, of course every one of us here has a number of coins that are often at stake in online gambling, that's for sure.

But if you ask me, of course I don't have too many types of crypto that I bet on in gambling, only three types of crypto that I always circle around in gambling.
1. Bitcoins
2. LTC and
3. USDT

Of course I have my own reasons for choosing these three types of crypto, apart from being fast and cheap, that's the main reason I chose this coin, except: Bitcoin recently has expensive transaction fees, maybe the other two types of crypto can be relied on for betting.

R


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May 24, 2023, 02:51:26 PM
 #8

Honestly, I have never calculated the amount I use to gamble in detail. I deposit BTC. For example, I send 0.001 BTC, which equals $26.45 at the current BTC price. That's the amount I used to gamble or even less than $10-$15 so I still have some balance in my account.

And if I only use $15 to gamble when my previous balance was $26.45 and I already lost $15, then my remaining balance will be $11.45. I don't see what price BTC is at right now. And if tomorrow I want to gamble again, maybe my balance can be less than $ 11.45 or more than $ 11.45, depending on tomorrow's BTC price.

I also use the same calculation for other coins. But indeed, if we use stablecoins, the number of our losses and wins will be visible, making it easier to calculate.

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May 24, 2023, 03:01:28 PM
 #9

Gambling using crypto is expected to support the privacy of gamblers and this is starting to be in great demand. Any type of currency that the gambling platform supports is basically worth using, but some users also tend to think about transaction fees than well-known coins like bitcoin, Ethereum or others.

If it is based on gambling purposes then any currency is definitely worth it but even USDT or altcoin that have low transaction fees may have been used more than bitcoin at gambling platform. I think when bitcoin transaction fees get expensive, then altcoin options that have low transaction fees will be used.

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May 24, 2023, 03:03:31 PM
 #10

I mostly gamble using altcoins which the fee is cheap e.g. Doge, Tron or Litecoin. I don't want to gamble using stable coin run in Ethereum network or Bitcoin because the fees is high, if I win some money and want to withdraw, the fees can consume a good amount of my profit.

Actually what's the reason we need to gamble using Bitcoin? I don't see any good reason.

R


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May 24, 2023, 03:21:53 PM
 #11

Now placing bets using stablecoins has always been my choice, I made this decision when I lost when betting using Bitcoin, then the day after I lost, Bitcoin experienced an increase which made me very sorry for using Bitcoin when betting. Using stablecoins can make me more accurate in calculating the amount I earn and the amount I have spent, besides that stablecoin prices are more stable compared to Bitcoin and litecoin. I don't want to feel like I've lost twice when I'm betting, experience has taught me to be wiser in using betting media so I'm not too surrounded by guilt when I lose.

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May 24, 2023, 03:24:17 PM
 #12

You have a good point about why you're using stablecoins, it's the same point I had I need not compute because if you lose $1 you lose$1, I experience using altcoins in my betting I won a good amount but when I cash out and there's a dip in the altcoin I've used I just realized I lose 5% of my winning because of the dip which I have no control of because it just happens that I prefer to use it.
So to avoid this I started using stable coin.
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May 24, 2023, 03:38:18 PM
 #13

At most times it's with Bitcoin.

But what I like before when I've been using doge to gamble is that it's like nothing but then probably a mistake that I've made before the pump. Anyway, that's good as long as I've enjoyed.

Aside from the two, it's with USDT and LTC. These are great coins to gamble with and you'll not feel guilty if you're a holder and feels like you shouldn't gamble with it.

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May 24, 2023, 03:43:19 PM
 #14

Stablecoins makes sense. If one safe currency to bet, you can limit the loss you have. I also see BTC too important to lose but we all want more of it which we desire to double as well. And yep I often regret losing BTC because I work as signature bounty to earn them and in just a nick of time, its gone with the dumb choice.

If there are just casinos that will allow unknown meme coin to bet, I'd be the first to also use it those airdropped to my wallet.


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May 24, 2023, 03:51:12 PM
 #15

I most the time USD (like USDT/BUSD)

Just for avoid crypto-volatility especially while playing with a few hundred bucks. If people talking about the fee and minimum withdraw, right now the casino are really2 have a small fee.

Some of them under 0.1$ fee and minimum withdraw under 1$.

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May 24, 2023, 04:14:27 PM
 #16

Bitcoin was preferable until the recent hike of transaction fees in the blockchain. Sometimes I used altcoins like litecoin and some times the token provided by the site. But I believe that a large number of people use bitcoin because it is easier to access make deposit and withdraw.
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May 24, 2023, 04:16:52 PM
 #17

Given that this is a Bitcoin forum I would assume that most people here are gambling with BTC.  That being said, something about gambling with USDT or other stablecoins seems like you're inviting bad things.  Maybe that's just an old timer's perspective, but Bitcoin is still somewhat new and regulation of it is changing constantly whereas stablecoins appear to me to be a direct attack on fiat currency that will be cracked down on and regulated out of existence.  Combining online gambling and a currency that is under attack already by regulators seems like compounding potential issues.

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May 24, 2023, 04:17:33 PM
 #18

So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
I have a different impression, because you don't have to keep your coins in BTC or any other altcoins after you finish your gambling session. If you fear volatility and its impacts over your holdings, you can simply exchange your cryptocurrencies into fiat or stablecoin on that same moment. This way there will be little fluctuation and you can keep record of your profits under strict control.

However, it's always an interesting alternative to keep profits in BTC, if you are aiming long term profits. But then you must be prepared to hold for long periods of time, without feeling the pressure of selling it before the right time, which may take up to few years, as we have already observed in previous cycles.

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May 24, 2023, 06:24:05 PM
 #19

Bitcoin was preferable until the recent hike of transaction fees in the blockchain. Sometimes I used altcoins like litecoin and some times the token provided by the site. But I believe that a large number of people use bitcoin because it is easier to access make deposit and withdraw.
That is true, the fee is very high by now. I prefer to use USDT as it is stable with US dollar price.  But sometimes, I can prefer bitcoin if I know that the price will increase than to be falling. The price increase would be enough to compensate me the high fee.

Most casinos are only accept USDT in ETH network, the fee is high, so make sure you're use Tron network or other that is cheaper.
I have used more than 5 crypto casinos by how and all of them that accept USDT accept USDT TRC20 too which has a cheaper fee.

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May 24, 2023, 06:43:41 PM
 #20

Bitcoin is probably the most used for gambling because this coin has high popularity but because of very high fees in the mempool I prefer Tron network USDT and also some other altcoins which have lower fees, another reason because the solution is cheaper while the deposit in gambling that is not too big, the altcoin choice is perfect for me.

I think there are a lot of variations and other reasons they have why they choose altcoins and with withdrawals with altcoins it's also lower and fast maybe that's what they choose even though I know some of the coins available in casinos provide instant withdrawals.

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May 24, 2023, 07:12:53 PM
 #21

Did choose this one.
Any coins goes, stable or unstable.

This means that it would be according on which coin i would be using and we know the fact that it is really just that wasteful if you do spend up your Bitcoin on gambling specially if you are really that someone who had
been accumulating just because of that investment matter or having that perception of those pumps in later years which it cant be avoided for you not to think that spending them would be waste but of course
it would really be normal since you are dealing with gambling.But basing up on my spending or usage of coins then it would really be something small part of Bitcoin and if the time i do feel out
on spending some DOGE then i do make use of it and on the time i do love to make use of TRX then i do make use of it. Sometimes i do really make use of stablecoins
too just like on having the feeling on using up some fiat.

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May 24, 2023, 07:15:06 PM
 #22

Bitcoin used to be the preferred one. Apart, ethereum used to be the lucky one. Dogecoin and tron were used when I used to be much serious in gambling. Most of the time I switch between coins to check the luck. Not everytime this works, at times this had helped me overcome the losses. However the overall statistics of my gambling history is in a big loss.

Whenever the market is down I prefer gambling with bitcoin. This is a way to increase the holding and the value rise can be experienced when the market turns bullish.

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May 24, 2023, 08:40:10 PM
 #23

We always have a single coin where we're comfortable using. As for me, I'm more comfortable when using stable coins. I could feel that I would be able to control and monitor my gambling expenses wisely through it. When it comes to Bitcoin, I prefer holding it than using it especially during the price peak.
There are also times when I often use other trusted coins like Ethereum and BNB because I feel safer using them. There are gamblers who uses meme coins but I'm not used to handling them because of their risks. However, that will still be a good option to save transaction fees.
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May 24, 2023, 09:17:00 PM
 #24

Before December 2022 the period before the bull run, I used bitcoin for gambling at my top online casinos. I stopped in between January to March, 2023 and started using majorly USDT. In April, I alternated between Bitcoin and USDT for bets but my preferred coin for payouts was USDT. The bitcoin transaction high fee has made me stuck in USDT. I have never used Ethereum or another coin. I'll try it just to experience it.

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May 24, 2023, 09:19:12 PM
 #25

Bitcoin is probably the most used for gambling because this coin has high popularity but because of very high fees in the mempool I prefer Tron network USDT and also some other altcoins which have lower fees, another reason because the solution is cheaper while the deposit in gambling that is not too big, the altcoin choice is perfect for me.

I think there are a lot of variations and other reasons they have why they choose altcoins and with withdrawals with altcoins it's also lower and fast maybe that's what they choose even though I know some of the coins available in casinos provide instant withdrawals.

It depends on which coin I have and usually it is bitcoin.
But I only have limits when it comes to gambling this coin.
As much as possible I stick to my allotted budget as I want to keep my btc as much as possible.
I believe a lot of gamblers are already switching to alts as the tx fees are cheaper than btc.
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May 24, 2023, 09:26:32 PM
 #26

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

Regardless of the current exchange rates, regardless of the current trend either bullish or bearish, regardless of the crypto coin being used - stable coin or not, regardless of the associated fees, or maybe I should just say, "regardless of everything", my way of betting of crypto is based on the fiat value of it.

Most crypto-gambling sites nowadays have that feature where our current crypto balance can be displayed in its fiat value while betting. Therefore we don't need to worry about how much should we bet in crypto value - if users really don't care about the exact crypto amount that should be placed in the bet and will just rely on its fiat value.

To answer specifically the subject, mostly it's Bitcoin and USDT that I used most in my overall crypto gambling activity but it doesn't mean I'm not open to betting on any other crypto coins as I said above. Again, whatever the crypto being used is, I will depend on its fiat value while betting.

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May 24, 2023, 09:41:23 PM
 #27

It always depends on the situation when there is network congestion and the fee is high I prefer to use altcoins and when it's ok I prefer Bitcoin I just get used to using it whenever I'm playing when or lose it doesn't matter but I always anticipate winning a jackpot and when it happens I want bitcoin as my price and sometimes it does happen especially when there's a pump going on, but you'll regret it later when the bull is around because you will be thinking all the Bitcoin that you've lost.

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May 24, 2023, 09:41:36 PM
 #28

Before December 2022 the period before the bull run, I used bitcoin for gambling at my top online casinos. I stopped in between January to March, 2023 and started using majorly USDT. In April, I alternated between Bitcoin and USDT for bets but my preferred coin for payouts was USDT. The bitcoin transaction high fee has made me stuck in USDT. I have never used Ethereum or another coin. I'll try it just to experience it.
USDT and LTC seems to be my best choice for gambling because its pretty cheap for the transfer fee and of course it is less volatile where you don’t lose that much by spending it. I prefer to preserve Bitcoin for my long term goal so I’m not spending it as much as possible and beside, a lot of crypto gambling site offer a cheaper option so why not maximize it and enjoy playing.
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May 24, 2023, 09:48:46 PM
 #29

Well, the casino platform I gambled on has different payment systems, and the best of them is that they have options to deposit even in my local currency, which has been my preferred deposit option. I think I have tried to deposit with Bitcoin once, but I find my local currency less stressful because since I will be spending the money so soon, I just need to cash out in my local currency to quickly have some more real fun 🍻😉 with the winning.

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May 24, 2023, 09:58:45 PM
 #30

~snip~
So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
^ It is quite reasonable to read.
But I always gamble using my BTC because I earned that here in the forum and I never spend my own money from my pocket when I am planning to gamble. If the BTC network becomes congested, I can wait until it will cool down. Because one of the reasons I choose BTC and other unstable cryptocurrencies is the potential for price appreciation. Yes, it is, BTC has experienced significant price appreciation over the years, which has attracted investors and speculators. Gamblers like me view BTC as an investment opportunity in addition to using it for gambling purposes. Because we probably hope that the value of our BTC holdings will increase over time, providing them with potential profits.
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May 24, 2023, 10:50:59 PM
 #31

Just like others, I prefer to use stable coins. Reason?, Avoid guilt. Using volatile cryptos would put me on guilt especially if the market price increases and happened that I've lost my capital. It would somehow leave me an impression of a double loss. Atleast with stable cryptos, price would remain as is. If I would be losing $800 in a single day, it would remain the dame unlike with $800 worth of btc perhaps, which could be $1k or more if I choose to hold. It won't  be on a literal basis but the idea is to just lose an amount as is and no other potential of earning profit. But I do get the idea that to other gamblers, using other cryptos, even if volatile, would cost them less with transaction fees which could really be a pro for them.

But that implies you don't even exchange volatile cryptos for stable cryptos in order to then deposit them at casinos? Or am I getting your post wrong?

Because then it doesn't matter what step you take first and whether you even convert it or not. When you lose money gambling you could also be angry at yourself because you could have taken that money and buy more Bitcoin.

But even when you convert Bitcoin into stable cryptocurrencies, it could out of luck turn out to be the right action if the price drops while you are gambling with it and perhaps even make a little profit.

I think eventually it is basically about the decision whether to gamble or not and what the budget should be. It could go both ways, but sticking to constantly buying Bitcoin with funds you might have lost gambling otherwise is never a wrong plan. Rather some additional Bitcoin than some potentially lost stable cryptocurrencies lost.

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May 24, 2023, 11:12:17 PM
 #32

I agree with OP if you use USDT you'll easily get the idea of your winnings and you will not have to depend on the market status of the coin you used to bet with USDT if you lose 1 you lose 1 that's also what I'm doing so the market price will not have an impact on my motivation to play if I'm using Bitcoin and the price is going up I will have a second thought of using it to bet.

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May 24, 2023, 11:18:38 PM
 #33

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

I've always enjoyed using Bitcoin, confirmation is usually quick and fees are generally low.
I make between one and a maximum of two deposits per month, so I usually don't lose much on fees and network confirmations aren't an issue for me either.
However, I confess that when the Bitcoin network is more congested and with high fees, I resort to alternative stables like USDT or USDC.

Fortunately, most casinos support several cryptocurrencies, so it is possible to please all customers.

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May 24, 2023, 11:35:38 PM
 #34

It seems that almost everyone is doing the same thing and indeed for stable coins it is still quite worthy in this regard. but on the other hand, even though in this case there are some who are in bitcoin but in gambling I have never done this.
I prefer stablecoins to bitcoins even though this win makes more difference in the fun it seems but I choose not to do that.

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May 25, 2023, 12:18:52 AM
 #35

I'm still using unstable coins (mostly BTC) because I rarely have a reason to use the other coins, and it's a hassle to keep switching to a different crypto whenever I want to gamble unless there's an issue similar to what we've been experiencing these past few weeks. While the BTC network continues to be this busy, I might give the stablecoins a shot later this week and find a good wallet since that's one of the inconvenient parts for me when I plan to use a new coin for gambling.

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May 25, 2023, 01:22:23 AM
 #36

This is precisely the reason why I now gamble with fiat. I used to heavily gamble with Bitcoin, Ethereum, and other altcoins. I lost track anymore of how much I lost in total, but whenever I look back at my betting history, I'm brought to a realization that a big amount of money was already lost. Years ago, when the price of ETH was much lower, I could easily bet 0.2, 0.5, 0.6 ETH. Today, they're already worth thousands in USD.

Fiat should be the one treated as a toy money. It's somewhat a waste playing with a currency that appreciates.

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May 25, 2023, 02:00:18 AM
 #37

Bitcoin is the only safe and easy coin for gambling. However, besides Bitcoin, gamblers use various stable (USDT, BUSD, USDC) and unstable coins (Ethereum, TRX, Dogecoin, Binance coin, Matic, Solana, etc.). I always use USDT in stable coins and BNB in ​​unstable coins and in some cases TRX. But I use Betfury.io casino site among many gambling sites, I use that site's own coin BFG.
But some local gambling and casino sites in my country have the opportunity to use my country's fiat currency and I use my country's fiat money in all those sites.

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May 25, 2023, 02:14:47 AM
 #38

In my case only with bitcoin. Years ago I had doge and used it to deposit as well, but nowadays I only have bitcoin. Apart from that, I did get USDT but because in the previous campaign I was in, I got free spins several times, which were paid in that stable coin. I was lucky and I hit big wins a couple of times, and I managed to withdraw USDT.

As far as I can see from the poll results so far it's pretty divided.

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May 25, 2023, 02:36:25 AM
 #39

So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
I don't really care about what coin I will use to play because I usually only use 3 types of coins so far, first Bitcoin second Dogecoin, and third Stablecoin, there is no particular reason for using these coins other than network fees which are quite cheap but not for Bitcoin for now, also see the availability of coins available in my wallet, also sometimes the reasons for promotions from a casino.

But I am more comfortable using Bitcoin because I can immediately use it as a result of paying from signature campaigns also the value of Bitcoin fluctuates which can make our profit or loss value go up or down is not so important because if Bitcoin goes down we just have to be patiently waiting for it to go up because of a decrease in price Bitcoin will not be far away in the short term, very different from other coins which can go down very deep so that it will erode the profits we have earned from gambling. Meanwhile, thinking that stablecoins will be easier to track losses and wins is not entirely correct because stablecoins will also experience a decrease in value when we exchange them for fiat. But I'm sure most members of this forum will prefer Bitcoin because all casinos accept this coin.

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May 25, 2023, 05:54:54 AM
 #40

What stable coins are you talking about, yes, it's true they already have time but not all casinos accepted them, so undoubtedly we all played at the beginning with volatility embedded in our bets and the truth is that in my case it remains the same, I like that.

At the beginning I bet with the currency that could I get, LTC was one of those currencies that I played with a lot, then Doge appeared, they gave them as a promotional boost for anything, in my beginnings I arrived for the crypto poker issue and I used something called CHP those shitcoins no longer exist and in fact I don't know if that casino exists...

The matter is relative, I recently received some payments in the casino's currency (utility token) that now turns out to be on a par with the USDT, that is, before it was worthless but now you can play it and then exchange it for its 1:1 USDT equivalent.

Then, simply bet with the currency you want and its volatility is just part of the strategy, it's obvious that look market, but to be honest, when you use BTC to bet, that's when you have to use the 1BTC=1BTC analogy.

If you can't do that don't bet with bitcoin or any crypto, well use the "boring" stablecoins.  Smiley

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May 25, 2023, 06:08:26 AM
 #41

I have a very weird strategy, because I adapt my coin of choice... based on the market movement. I deposit both stable and unstable coins and then play with stable coins, when the markets are volatile and when it is dumping.

I will then switch to my unstable coins when the market are in a recovery phase, because I do not want to lose any money due to market volatility. So, it's tokens like usdt when the markets are volatile and in the "red" and it is unstable tokens when the market is in the "green"  Grin

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May 25, 2023, 06:20:50 AM
 #42

This is something I was discussing in one of my comment on one of the threads on this board, I shared the below as my opinion and thought to escalate it as a new thread to get to find out what crypto currencies every other gambler out there prefer..

Personally, I've always preferred doing all my gambling transactions in stable coin, like I explained a bit in my comment in another thread, gambling with stablecoins helps me to..

1. Keep track of my actual spending..
2. It helps me keep and maintain a threshold in times of long loosing streak - i will explain further..

Keep track of spending in gambling is kinda hard to do with unstable coins like bitcoin and other altcoin, for example, let say, yesterday, you gambled away 0.01 bitcoin, and at the time of the transaction, 0.91 bitcoin was worth $500 due to the price of bitcoin then, and you already put it on record that you lost $500 in gambling yesterday, and by today, the over all price of bitcoin increase by let's say 15 percent or more, going back to your loss in yesterday's gambling, you know it's no longer $500 you lost, the amount you lost has increased by 15 percent or more due to the increase in price of bitcoin - simply because if you hadn't gambled away the bitcoin but held it, the gains today would have been in your pocket - this example is also the other way round in cases where the price of bitcoin falls instead of increase..

The point is, this can create confusion for those who keep a gambling journal - some kind of spreadsheet where they keep record of all their gambling wins and losses - this helps to know when you actually spending too much in gambling and not getting any profit in return.

With stable coin, keeping a clean sheet is possible as $1 loss will always be $1, while a $2 win will always be $2 since stable coins do not show any significant increase or decrease in their price except in times of crises, which is not something that happens frequently..

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
I would prefer with bitcoin if I am gambling with crypto. But I guess there are people that would want to gamble with a stable coin just so that the volatility of the coins don't affect their gambling experience. But then again, they would use it only if the casino provides options to make deposit with cheaper network. I doubt anyone would want to deposit USDT from ethereum network spending around $10 fees and then another huge fee when withdrawing. At least smaller gamblers won't do that. They would instead use altcoin with cheaper fee like dogecoin or litecoin. It all depends on their preference.

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May 25, 2023, 07:03:56 AM
 #43

I think it's more interesting to use stable money than using crypto or bitcoin because I believe bitcoin will have a high value so I've never used it for gambling in the past, therefore I always hold bitcoin instead of using it for gambling especially the fractions are too complicated to bet because the price fluctuates so using a stable currency like usdt it's easier to know the benefits.

I think casinos now have converted cryptos into stable currencies to make it easier for gamblers to calculate the value of gains and losses compared to the value of crypto money

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May 25, 2023, 08:43:34 AM
 #44

depending on the situation when I want to gamble when I only use a small gambling budget I will use USDT but if the gambling budget is more than $100 I will use bitcoin. after increasing bitcoin transaction fees these past few weeks I mostly use USDT for gambling to avoid crashes.
on the one hand actually I prefer to use bitcoin not because of the price but more because it has become my favorite coin. but unfortunately lately it's been slow when depositing so I use stablecoins to avoid it all.

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May 25, 2023, 09:03:30 AM
 #45

Stable coins is the best choice to gamble because of its stable value especially if we want to have better money management on gambling so it will be easier to track how much we have spent. Bitcoin and other unstable coins are good also but it has its own advantage and disadvantage in terms of its value. On winning moment we may get additional value if the price is increasing while we are but we may lose some value if the price is dropped significantly.  When I was still very actively gambling, I used to gamble with bitcoin because my only gambling funds were the bitcoin that I earned from this forum. Nowadays, I gamble less and I use USDT (TRC20).

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May 25, 2023, 09:09:23 AM
 #46

I have a very weird strategy, because I adapt my coin of choice... based on the market movement. I deposit both stable and unstable coins and then play with stable coins, when the markets are volatile and when it is dumping.

I will then switch to my unstable coins when the market are in a recovery phase, because I do not want to lose any money due to market volatility. So, it's tokens like usdt when the markets are volatile and in the "red" and it is unstable tokens when the market is in the "green"  Grin
Stable coins is one of the preferable coins we can use to make bet since it does not fluctuate in price. Many casinos do accept this coins since is very stable just like the USD. Although many of these casinos do not accept too many varieties of coins because of lack of trust on few coins that could depreciate drastically when there is little market turbulence.
Bitcoin is the most preferable coin for me since it's very volatile and the most trusted cryptocurrency. The fluctuation in price of Bitcoin can be of an advantage to us with disadvantage too if the market eventually falls drastically doing holding.

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May 25, 2023, 09:21:37 AM
 #47

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

It all depends on the kind of cryptocurrency you're holding as at that time, sometimes you have varieties of coin in your casino wallet including the one created by the gambling platforms in case of the ones that developed their own coin, including other coins they also supported, as for me, i major only on the level of my crypto assets by using the one i feels best suitable for me at that time for gambling, which means i don't make use of a particular coin all the times and i don't need to exchange any coin for the other all becau to gamble with it.
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May 25, 2023, 10:02:13 AM
 #48

<snip>
I like my balance displayed in fiat, USD in particular.
Although it is like that, my deposits are mostly in bitcoin, few times in ripple. These deposits are most of the time not just displayed but also converted into fiat. I do not like it if my wallet's value is constantly changing because of the volatility of Bitcoin or XRP.
I don't track my gambling expenses but I think that is a great idea.

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May 25, 2023, 10:21:45 AM
 #49

depending on the situation when I want to gamble when I only use a small gambling budget I will use USDT but if the gambling budget is more than $100 I will use bitcoin. after increasing bitcoin transaction fees these past few weeks I mostly use USDT for gambling to avoid crashes.
on the one hand actually I prefer to use bitcoin not because of the price but more because it has become my favorite coin. but unfortunately lately it's been slow when depositing so I use stablecoins to avoid it all.
Although I don't think gamblers can be much profitable with using any strategy. Because if you lose then you can lose both stable coin or unstable coin. But yes if we think from win side and if the market is continuously up then there will be good profit opportunities. But that is uncertain. I personally value transaction fees. Because I also bet with small amounts, I often have to deposit if I lose, so now I use Litecoin and TRX as unstable coins. I don't use bitcoin at the moment because of the high transaction fees. Apart from Bitcoin and stablecoins, many altcoins are now accepted by casinos or gambling platforms as payment methods. Due to which a gambler gets various opportunities to play by depositing the coins of his choice.

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May 25, 2023, 11:11:14 AM
 #50

It's a mix for me and it depends on the situation like the recent congestion of the network I deposited Tron and BSC, but when the network is ok I prefer Bitcoin because I'm comfortable using it been my coin of choice ever since I started I never thought of preferring stable coin because of the $1 loss is equal to $1 loss whatever the situation of the market, all I know is even if I win in gambling and lose in the market on what's actual value there's always a possibility of regaining it in the future and sometimes it's the other way around, you win in the casino and you also gain in the market because of the pump and its one great feeling for gambler and investor in you.

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May 25, 2023, 12:26:32 PM
 #51

<snip>
I like my balance displayed in fiat, USD in particular.
Although it is like that, my deposits are mostly in bitcoin, few times in ripple. These deposits are most of the time not just displayed but also converted into fiat. I do not like it if my wallet's value is constantly changing because of the volatility of Bitcoin or XRP.
I don't track my gambling expenses but I think that is a great idea.

Most common crypto used by majority is bitcoin since many want to see great volume earn while speculating some good price increase on its volatility. Sometimes also I use USDT since this is somehow called safe haven by some people when the market us in bad shape and don't want to gamble my bitcoins which I bought at more expensive price.
Also looking for xrp as alternative but for now my balance always converted between BTC and USDT only.

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May 25, 2023, 02:00:36 PM
 #52

I use BTC for gambling but also altcoins like Doge, TRX, and LTC. And LTC is the coin I mostly gamble with next to BTC because of the transaction fees I can accept, although TRX also has low transaction fees. And I also used USDT to gamble.

But I don't think it matters because you won't lose much money as long as you can control yourself in gambling. And whatever coin you use is only a tool to help you play gambling. Besides, you can play with any coin if you accept the risk. That's more important.
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May 25, 2023, 02:05:09 PM
 #53

I think it's more interesting to use stable money than using crypto or bitcoin because I believe bitcoin will have a high value so I've never used it for gambling in the past, therefore I always hold bitcoin instead of using it for gambling especially the fractions are too complicated to bet because the price fluctuates so using a stable currency like usdt it's easier to know the benefits.
This, I have also this feeling that I don't think that gambling with Bitcoin isn't worth it. But you know what happens to me? I still gamble despite I feel guilty whenever I do it.

I think casinos now have converted cryptos into stable currencies to make it easier for gamblers to calculate the value of gains and losses compared to the value of crypto money
Some of them have integrated exchanges where a customer can convert any crypto they deposit into the other supported cryptos that they have. But that still doesn't make sense if you deposited bitcoin and you'll exchange that into other altcoins to gamble.

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May 25, 2023, 02:47:47 PM
 #54

I gamble with altcoins that has a low volatility and the fees is cheaper, but it's not a stable coin because of my personal reason.

Actually what's the difference between gamble with Bitcoin or Ethereum or Litecoin or USDT etc in a same casino? I don't think gamble with Bitcoin will increase the chance to win, gamble using Litecoin will not make you have a bad luck and such.

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May 25, 2023, 02:57:41 PM
 #55

I gamble most of the time now using Bitcoin because it’s the base currency for my signature campaign earnings. Before, I use stablecoin because Bitcoin price is dipping much before we recover on the current price. I stop using Stablecoin when Bitcoin is already consistent on pumping so that I will not miss any pump opportunity if ever Bitcoin price rally while my funds is on the casino.

This decision I made before gives me a lot of profit since my Bitcoin value is increasing while I have my profit from my gambling. Using stablecoins now on a booming market of Bitcoin is useless since you will not enjoy the price growth. The recent fee hike just make me rest for gambling but it’s still good to spend time on other things that I already forgot to do due to my interest on gambling during my vacation.

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May 25, 2023, 02:58:34 PM
 #56

So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
I do not gamble so much, but if I will choose a coin to use in gambling, it will mostly depend on what the casino I play with accepts for gambling. If they have bitcoins as a means of gambling and it it is a reputable casino with a good track record, I will gamble with bitcoins if that is what they accept. If it is a casino that what they accept is USDT, USDT will become the choice of what I gamble with. I will consider the reputation of the casino first, before their payment options. Whatever is acceptable in a good casino is what I will decide to play with.

R


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May 25, 2023, 05:22:15 PM
 #57

Well, for me it is a few one, it isn't "anything goes" situation because it is not, not everything goes, it has nothing to do with that. But unfortunately that is not what we are seeing today as the poll options. I do btc, I do busd, I do bnb, those are the three main ones, that doesn't mean that I would be fine with anything, that's not what I believe.

I need to trust the currency first before the casino, if a casino does just dogecoin and nothing more, then even if the casino is the most legit casino in the world, I would still not gamble there at all. However, when we are talking about something more, like something that includes the three I named, then I would start checking the casino to see if it is good or not, that would be better.

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May 25, 2023, 09:27:39 PM
 #58

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.

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May 25, 2023, 09:35:38 PM
 #59

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.
Yes mate, its exactly the point I made in the op, I've personally gambled with Bitcoin and several other altcoins in the past, and also for some time focus on doing all my gambling in stable coins, and the aftermath conclusion is this thread, I am much OK with gambling in stable coins than I am with gambling with Bitcoin and any other unstable coin.

And as for keeping funds in bitcoin just incase price increases, I do have funds in bitcoin, I mean I always have funds in bitcoin, but funds kept or held in bitcoin is fund not meant for gambling, it's an investment.

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May 25, 2023, 09:40:29 PM
 #60

I voted for Any coins goes, stable or unstable.

In the beginning though, I usually play with only Bitcoin, but when we have this big problem in the past regarding the high fees, I switch to other coins like XRP (yes, I do used it before), and then ETH (power the PoS and when the fees are not that high), LTC (small brother of BTC and they are quite fast), and then USDT (my coins of stable coins).

So yes, it depends on the coins itself, but to be on the safer side, USDT is my choice right now.
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May 25, 2023, 09:45:41 PM
 #61

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.
Yes mate, its exactly the point I made in the op, I've personally gambled with Bitcoin and several other altcoins in the past, and also for some time focus on doing all my gambling in stable coins, and the aftermath conclusion is this thread, I am much OK with gambling in stable coins than I am with gambling with Bitcoin and any other unstable coin.

And as for keeping funds in bitcoin just incase price increases, I do have funds in bitcoin, I mean I always have funds in bitcoin, but funds kept or held in bitcoin is fund not meant for gambling, it's an investment.

Maybe all will differ on current situation of the market since majority will use bitcoin to gamble when the volatility of this coin became stable and no losing in value due to crash has been encounter by a user. We or other decide to use alts when bitcoin is doing some crazy actions and people cannot afford to spend their bitcoins that's why they look for alternative coins so that there hodl bitcoin will never get touch then be use for what they think much better way to earn more either trading it or just simply wait for the price to soar high.

R


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May 25, 2023, 09:58:36 PM
 #62

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.
Yes mate, its exactly the point I made in the op, I've personally gambled with Bitcoin and several other altcoins in the past, and also for some time focus on doing all my gambling in stable coins, and the aftermath conclusion is this thread, I am much OK with gambling in stable coins than I am with gambling with Bitcoin and any other unstable coin.

And as for keeping funds in bitcoin just incase price increases, I do have funds in bitcoin, I mean I always have funds in bitcoin, but funds kept or held in bitcoin is fund not meant for gambling, it's an investment.

Maybe all will differ on current situation of the market since majority will use bitcoin to gamble when the volatility of this coin became stable and no losing in value due to crash has been encounter by a user. We or other decide to use alts when bitcoin is doing some crazy actions and people cannot afford to spend their bitcoins that's why they look for alternative coins so that there hodl bitcoin will never get touch then be use for what they think much better way to earn more either trading it or just simply wait for the price to soar high.
Actually boils down into someones preference because not all could really afford on making use of their Bitcoin and would rather be liking to make use like stable coins like USDT or something those altcoins who doesnt move that much. This means that it would really be that situational because not all would really be making use of a coin which does have huge potential on increasing its price but there are people who doesnt really mind that much because if we do think that if we do make use of BTC then we do win the same which means if you do win big then holdings could really be more than on the amount. Somewhat its not really that
a good behavior on combining your investment mindset and your gambling thing on which these are two different things which its a must thing to consider whenever you do make
out such decision.

R


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May 25, 2023, 10:59:34 PM
 #63

I think I don't have a preference on what coin I'm gonna gamble with. Most of the time I just find myself gambling with whatever coin the casino accepts. USDT seems to be the staple around most crypto-casinos so I use it a little more often. But then again I'm not one to pick favorites on which money I want to burn. Although of course, if given the chance I would never spend my bitcoin on gambling. Just something about the cryptocurrency titan itself that makes me not want to spend it. Perhaps because of the fact that it's most consistently-profitable coin in the market for 10+ years now and spending it triggers something in my brain that almost equates to "losing out on your chance to bag a bigger profit all because you wanted to play in the casino".


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May 26, 2023, 08:11:21 PM
 #64

It is still possible to track your gambling spending using an unstable crypto. You just need to list their actual value before you use them. Doing a list can help us maintain our desired spendings but maybe there are exception for a person who have a strong urge in gambling. If they commit it several times, it's better to not list their gambling activities as it doesn't really make sense at all.

In my case, I never track my spending because I have no problems on controlling myself lately and I don't chase my losses. As for the coins that I use the most, that will only be Ripple because I like how fast it is compared to Bitcoin and other cryptos. The fees are also affordable. Perfect for a budget gambler like me.

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May 26, 2023, 09:55:15 PM
 #65

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.

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May 26, 2023, 10:10:31 PM
 #66

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.
I often use the deposit method using trx because it's faster and cheaper. However, the main choice depends on the fee that occurred at that time where if the btc fee is cheaper then I prefer to use btc.

Apart from that, I have only played on two gambling sites that I have played with for a long time and both sites accept deposits in several coins which makes it easier for us to choose which network is cheaper in transactions.

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May 26, 2023, 11:37:54 PM
 #67

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.
I often use the deposit method using trx because it's faster and cheaper. However, the main choice depends on the fee that occurred at that time where if the btc fee is cheaper then I prefer to use btc.

Apart from that, I have only played on two gambling sites that I have played with for a long time and both sites accept deposits in several coins which makes it easier for us to choose which network is cheaper in transactions.

After testing and playing in two (2) gambling sites also, I have determined that BTC is the most convenient currency to use in gambling.

I do think that the reason on why I choose BTC is because that is the only cryptocurrency that I have. Before, I used to receive my campaign signature earnings in a certain gambling website and I use such funds in order to satisfy my gambling cravings. There were times that I won but most of the time I lost BTCs in the process. Though I do not have any experience gambling any other currency apart from BTC, I heard that certain altcoins have lower TX fees which result to a better experience overall.

R


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May 27, 2023, 12:03:40 AM
 #68

It is still possible to track your gambling spending using an unstable crypto. You just need to list their actual value before you use them. Doing a list can help us maintain our desired spendings but maybe there are exception for a person who have a strong urge in gambling. If they commit it several times, it's better to not list their gambling activities as it doesn't really make sense at all.

In my case, I never track my spending because I have no problems on controlling myself lately and I don't chase my losses. As for the coins that I use the most, that will only be Ripple because I like how fast it is compared to Bitcoin and other cryptos. The fees are also affordable. Perfect for a budget gambler like me.
Also, we have crypto casinos that use fiat balances when playing since some casinos are designed that way to avoid unnecessary losses, unlike pure crypto casinos that don't use any of the current crypto prices.

If a person has a strong urge to gamble, then it's all the more reason to do it because tracking your budget gives you more awareness about the money you spend, and some gamblers easily overlook it when making transactions. It's good if you can control yourself without the need to track your gambling transactions so you can skip one extra step while playing, but not everyone has that same level of awareness.

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May 27, 2023, 04:39:03 AM
 #69

Well, if you know your budget while using Bitcoin for example then you won't have any problems too. I think this problem about being unable to track them is because they always try to convert the cryptocurrency in their mind. I don't do that. If I have a budget of let's say 200k satoshis for the week then I would remember that amount only. If a losing streak happens, I don't mind and just try to get back with the capital that I started with.

It will only get confusing if you exchange it for different coins. Sticking to one will definitely give you a cleaner spreadsheet too and the history of gambling sites now goes for many pages so it can easily be tracked on what went wrong or right. It's possible that those who got it confused are using different currencies which for me is not a recommended strategy.

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harizen
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May 27, 2023, 07:50:51 AM
 #70

Maybe all will differ on current situation of the market since majority will use bitcoin to gamble when the volatility of this coin became stable and no losing in value due to crash has been encounter by a user. We or other decide to use alts when bitcoin is doing some crazy actions and people cannot afford to spend their bitcoins that's why they look for alternative coins so that there hodl bitcoin will never get touch then be use for what they think much better way to earn more either trading it or just simply wait for the price to soar high.

From what I see, regardless of the BTC volatility and high-fee-related issues, gamblers will still be gamblers.

We don't even see a noticeable decrease in gambling activity, at least in crypto-gambling platforms using BTC deposits even recently, there's a high fee related to any BTC transactions. I don't really see that most gamblers really care about that as long as they can gamble. Alright, let's say they care for fees, they will just use coins that have low transaction fees but it doesn't mean they use that coin because that's their preference to use.

Aside from that, nothing really changes on the winning rate regardless of the coins used. For a much more convenient gambling experience, at least in my case, I like to show my balance in fiat value so that I know how much I'm putting into to any bet regardless of the exchange rates.

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Beparanf
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May 27, 2023, 08:24:54 AM
 #71

Maybe all will differ on current situation of the market since majority will use bitcoin to gamble when the volatility of this coin became stable and no losing in value due to crash has been encounter by a user. We or other decide to use alts when bitcoin is doing some crazy actions and people cannot afford to spend their bitcoins that's why they look for alternative coins so that there hodl bitcoin will never get touch then be use for what they think much better way to earn more either trading it or just simply wait for the price to soar high.

From what I see, regardless of the BTC volatility and high-fee-related issues, gamblers will still be gamblers.

We don't even see a noticeable decrease in gambling activity, at least in crypto-gambling platforms using BTC deposits even recently, there's a high fee related to any BTC transactions. I don't really see that most gamblers really care about that as long as they can gamble. Alright, let's say they care for fees, they will just use coins that have low transaction fees but it doesn't mean they use that coin because that's their preference to use.

Aside from that, nothing really changes on the winning rate regardless of the coins used. For a much more convenient gambling experience, at least in my case, I like to show my balance in fiat value so that I know how much I'm putting into to any bet regardless of the exchange rates.

I personally stop gambling the time when the transaction fee is insanely high. It cost 15$ for transferring funds in a slow mode which is troublesome for a small-time gambler like me.  I think the high fee recently affects small-time gamblers and those who withdraw funds from their casino balance. Whales are probably not affected by this since it's a one-time payment and it's nothing compared to their huge balance.

What are you using to get the statistics on how the activity of gamblers doesn't change on a specific time? I'm interested to have a data analysis on the gambler's behaviour during high fees or crypto market dumping/pumping.

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Doan9269
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May 27, 2023, 08:45:04 AM
 #72

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.

Most gamblers often used a select from any of these aforementioned coins for their gambling because they are one of the coins most acceptable, the coins are reliable and trusted, there have been alot of gamblers as well that make uses of the same coins because of the fact that most casinos support them, exceptions are the casinos that have also developed their own coin in addition to these ones but as for me i can make use of any coin am holding as long as that's where my fund is and it's enough for me to use for gambling.
Taskford
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May 27, 2023, 10:32:06 AM
 #73

Maybe all will differ on current situation of the market since majority will use bitcoin to gamble when the volatility of this coin became stable and no losing in value due to crash has been encounter by a user. We or other decide to use alts when bitcoin is doing some crazy actions and people cannot afford to spend their bitcoins that's why they look for alternative coins so that there hodl bitcoin will never get touch then be use for what they think much better way to earn more either trading it or just simply wait for the price to soar high.

From what I see, regardless of the BTC volatility and high-fee-related issues, gamblers will still be gamblers.

We don't even see a noticeable decrease in gambling activity, at least in crypto-gambling platforms using BTC deposits even recently, there's a high fee related to any BTC transactions. I don't really see that most gamblers really care about that as long as they can gamble. Alright, let's say they care for fees, they will just use coins that have low transaction fees but it doesn't mean they use that coin because that's their preference to use.

Aside from that, nothing really changes on the winning rate regardless of the coins used. For a much more convenient gambling experience, at least in my case, I like to show my balance in fiat value so that I know how much I'm putting into to any bet regardless of the exchange rates.

I personally stop gambling the time when the transaction fee is insanely high. It cost 15$ for transferring funds in a slow mode which is troublesome for a small-time gambler like me.  I think the high fee recently affects small-time gamblers and those who withdraw funds from their casino balance. Whales are probably not affected by this since it's a one-time payment and it's nothing compared to their huge balance.

What are you using to get the statistics on how the activity of gamblers doesn't change on a specific time? I'm interested to have a data analysis on the gambler's behaviour during high fees or crypto market dumping/pumping.

So hard to gamble in that situation knowing that we need to pay huge fees just to make transaction push faster and that time its not really worth it to send anything on any casino since at the time we deposit we already lose a huge part of our capital thru fees we need to spend.

Also maybe other especially those whales seek for alternative coin to deposit since there are various option to choose since for sure those fees cannot stop them to play as they have money to spend on other alts available on some casinos.

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darewaller
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May 30, 2023, 05:09:05 PM
 #74

I personally stop gambling the time when the transaction fee is insanely high. It cost 15$ for transferring funds in a slow mode which is troublesome for a small-time gambler like me.  I think the high fee recently affects small-time gamblers and those who withdraw funds from their casino balance. Whales are probably not affected by this since it's a one-time payment and it's nothing compared to their huge balance.

What are you using to get the statistics on how the activity of gamblers doesn't change on a specific time? I'm interested to have a data analysis on the gambler's behaviour during high fees or crypto market dumping/pumping.
So hard to gamble in that situation knowing that we need to pay huge fees just to make transaction push faster and that time its not really worth it to send anything on any casino since at the time we deposit we already lose a huge part of our capital thru fees we need to spend.

Also maybe other especially those whales seek for alternative coin to deposit since there are various option to choose since for sure those fees cannot stop them to play as they have money to spend on other alts available on some casinos.
If we can afford it and we are very itchy to gamble, why not? But If we can wait, then we can continue sending the money in low-priority mode to save some fees. We might lose a good chunk of coins during the depositing process but we never know, what if we got lucky and hit that huge multiplier that we always look for?

It should be enough to forget what you spent earlier and maybe next time, we will now be motivated to play more during a network issue because we think we are lucky during these times. I don't think Whales seeks for Altcoins. There is no need for them to do it since they can always afford the fees in Bitcoin no matter how high it is.
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May 30, 2023, 05:59:10 PM
 #75

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.

Most gamblers often used a select from any of these aforementioned coins for their gambling because they are one of the coins most acceptable, the coins are reliable and trusted, there have been alot of gamblers as well that make uses of the same coins because of the fact that most casinos support them, exceptions are the casinos that have also developed their own coin in addition to these ones but as for me i can make use of any coin am holding as long as that's where my fund is and it's enough for me to use for gambling.
Of these coins, the most favorite of gamblers are Bitcoin and USDT because these two crypto tokens have a network where transaction processes are very fast but the fees are not too expensive, maybe Bitcoin fees are quite high but all fees depend on the price of bitcoin and also the network that is use when making deposits or withdrawals.
Usually those who use Bitcoin also have the goal of being able to get a little profit if the price goes up because the tokens stored in the casino wallet will also increase if the price goes up.
After all, we ourselves can attest that Bitcoin is the single most adopted crypto in the gambling industry.

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DaNNy001
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May 30, 2023, 06:32:30 PM
 #76

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.
I think its actually an effective way to deposit in your gambling account prior to the high fee rate that is actually affecting bitcoin network and thats why I don't even deposit with bitcoin again and I prefer usdt coins since its fee rate is low because I wouldn't want to spend a lot trying to gamble on my bet account knowing their is a possibility that I can lose all the money deposited.

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May 30, 2023, 06:36:00 PM
 #77

98% of the times I use just Bitcoin for my bet.
The remaining 2% Is for ethereum.
I dont use other crypto just because price can change quickly and I dont have on my wallet.
Of course no stablecoin. I dont want accept any other TOS Roll Eyes

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May 30, 2023, 09:16:30 PM
 #78

1. Keep track of my actual spending..
2. It helps me keep and maintain a threshold in times of long loosing streak - i will explain further..

Since everyone has a different approach to their respective gambling activity, if you found that useful and helpful for you in the long-run, then you can keep up with that. Might not work for everybody but good to see that it gives you an advantage, especially in tracking your actual spending in gambling.

In my case personally, I don't really the kind of gambler that want to track my actual spending. Not that I don't care about losing money but it's just that it's not a big deal for me to track it as that's not my gambling way. When I lose, move on and will start as new on my next gambling session only taking care with the win on that particular session.

With stable coin, keeping a clean sheet is possible as $1 loss will always be $1, while a $2 win will always be $2 since stable coins do not show any significant increase or decrease in their price except in times of crises, which is not something that happens frequently..

The alternative: play with fiat online casino, and your number 1 and 2 reasons will now be covered. Smiley

Kidding aside, since we talk about crypto-gambling, using stablecoin is really useful, as you say, to somehow won't be able to reach your limit threshold.

But also remember, we are also talking about gambling here and regardless if you are using stablecoin or not, can you really resist the temptation to continue gambling when you are currently, for let's say, already reached the limit of your own threshold or already win a big money in the process? It's difficult and hard to take a break in that situation.
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May 30, 2023, 09:19:04 PM
 #79

I have to think for the most part it's bitcoin since most of the gambling offerings take bitcoin and some combination of other coins.  I don't like to use bitcoin either because of the volatility and I like my games pegged in usd so stable coins are preferred.

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May 30, 2023, 09:26:21 PM
 #80

98% of the times I use just Bitcoin for my bet.
The remaining 2% Is for ethereum.
I dont use other crypto just because price can change quickly and I dont have on my wallet.
Of course no stablecoin. I dont want accept any other TOS Roll Eyes
Haha 😂
Is there, or should I say, are there any other terms of service associated with depositing and gambling with stablecoins alone?
I would be happy to discuss this, as I currently do not know any, except you are actually referring to fiat, which i think is completely different from stable coins, stable coins I mean in the op are actually crypto stable coins, not fiat..

I know there are extra terms of service that goes with fiat deposit and withdrawal, but I do know of any that goes with crypto based stable coins.

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May 30, 2023, 10:11:39 PM
 #81

I have to think for the most part it's bitcoin since most of the gambling offerings take bitcoin and some combination of other coins.  I don't like to use bitcoin either because of the volatility and I like my games pegged in usd so stable coins are preferred.
Yes you are right, majority of the casinos allow deposit in Bitcoin and other altcoins allow people to bet with any of the accepted coin on there platform. Since there are noy much coins that is acceptable by casinos because of there security from holding cryptocurrency that could crash anytime, I used to keep some deposits in Bitcoin so that what ever time I feel like making some bets, I kindly transfer to the casino and make my bet. We know that Bitcoin is very volatile and if we are not used to the fluctuation in the market price, betting with Bitcoin any other volatile coins can be tempting.

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May 30, 2023, 10:19:30 PM
 #82

I don't know why but recently I have staked most of my bets in Bitcoin and that is influenced because I always gamble with my signature earning and I am oaid in bitcoin so it beco. Easy for me to place those bets with Bitcoin, but before now I always bet with USTD since most casinos accept the currency as their primary currency.
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May 30, 2023, 10:33:35 PM
 #83

I only use bitcoin, and maybe litecoin from time to time.  There's really only 4 coins that I view as worth a shit at this point in time (bitcoin, monero, litecoin and ethereum).  Bitcoin is what I use the vast majority of time however because I think it's by far the most legitimate coin, as well as once it's transferred tot he casino, your value stabilizes, so you don't have to worry about it going down ( of course if it goes up, you won't gain any value, but that's the trade-off).

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May 30, 2023, 11:38:40 PM
 #84

Bitcoin and a little bit of Dogecoin/litecoin whenever I feel it is not worth the fees for the quantity I am managing.
In my case, i do not see a problem tracking losses or wager because I try to forget about them when I am not rolling dices, for example. Do not get me wrong, though, I can easily see the advantages of USDT and other stablecoins for those who have a significantly big wager and want to keep track on their win/loss ratio.

Not even mentioning that Stablecoins are usually very easy and cheap to move from wallet to wallet.  Tongue

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May 30, 2023, 11:59:29 PM
 #85

I don't know why but recently I have staked most of my bets in Bitcoin and that is influenced because I always gamble with my signature earning and I am oaid in bitcoin so it beco. Easy for me to place those bets with Bitcoin, but before now I always bet with USTD since most casinos accept the currency as their primary currency.

My choice of betting too bitcoin as the payments were sent in terms of bitcoin. Only the last week's payment is available in the wallet. Most of the users here in the forum have the similar practice of spending their campaign earnings. Only the Whale gamblers keeps depositing more and more in the form of different coins and enjoy gambling.

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May 31, 2023, 05:28:41 AM
 #86

Bitcoin must be the most common crypto as its market value already shows it. Statistically obvious. But I would personally favor stable coins, the most common one is USDT so. I tend to think that gambling with Bitcoin is too risky considering its nature. Nowadays it's rather safe but in long term I would regret money I am wasting through Bitcoin gambling. I am pretty sure its price will raise soon. It can compensate gambling costs even you know what I mean hahah.
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May 31, 2023, 06:37:46 AM
 #87

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

Stablecoin is one of the best ways of gambling and that's what many casinos has as a default option. It isn't stablecoin but the value are USD. I gamble with any currency, I don't care about the currency but just want my wins as it can be easily converted when I'm done.

If the casino is having a promotion for their token to be used for some benefits, I'll do that without hesitating because I love when I get free bonuses and gambling with altcoins doesn't mean you'll lose, bets don't stay long so you can also get your profits out.

Same goes for betting with Bitcoin, many people prefer this choice than altcoins but I don't care that much since we can always sell to a preferable cryptocurrency or stablecoin before anything happen or hold so we gain more profits as the market increase.

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May 31, 2023, 09:17:07 AM
 #88

I use stable coins more than Bitcoin for gambling on any casino that accepts stable coins, I just kinda find it easier to use, that why own opinion, I do use Bitcoin too but I use stable coins more than Bitcoin.

Also most online casinos have their games in USD pair so it's easier for me to use USDT and USDC in this manner for gambling.

Year's ago I found Doge coin to be the easiest at the time, it's cheaper and faster, since I mined some doge coin when they are very cheap then I found it easier to fill my gambling taste, that's around early 2017.

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May 31, 2023, 09:51:15 AM
 #89

Bitcoin must be the most common crypto as its market value already shows it. Statistically obvious. But I would personally favor stable coins, the most common one is USDT so. I tend to think that gambling with Bitcoin is too risky considering its nature. Nowadays it's rather safe but in long term I would regret money I am wasting through Bitcoin gambling. I am pretty sure its price will raise soon. It can compensate gambling costs even you know what I mean hahah.
But in the current unfavorable market situation, some gamblers have turned to stablecoins to avoid reducing the amount of money they deposit into their gambling accounts. By using stablecoins, the amount of money they deposit will remain the same as it will appear in their account. And thus, they will not see a difference in the amount of money each time they start gambling because the amount will still be in dollars. Gambling with bitcoin is more risky because we can lose a lot of satoshi playing gambling so that will reduce the number of dollars that appear in our gambling account. But it comes back to each gambler, which one makes them comfortable.

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May 31, 2023, 10:40:01 AM
 #90

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.
Crypto casinos have been able to bring about a massive change in the world of gambling. A gambler used to feel shy about gambling but now there is no such difficulty. Crypto casinos do not have the difficulty of depositing or withdrawing at fiat currency supported casinos. I use btc for gambling most of the time but make some changes when the market is more volatile. Besides BTC there are a few other coins I want to use. Since Bitcoin is well known and trusted worldwide, I prefer gambling with Bitcoin.

CryptoHeadlineNews
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May 31, 2023, 11:39:06 AM
 #91

Keep track of spending in gambling is kinda hard to do with unstable coins like bitcoin and other altcoin, for example, let say, yesterday, you gambled away 0.01 bitcoin, and at the time of the transaction, 0.91 bitcoin was worth $500 due to the price of bitcoin then, and you already put it on record that you lost $500 in gambling yesterday, and by today, the over all price of bitcoin increase by let's say 15 percent or more, going back to your loss in yesterday's gambling, you know it's no longer $500 you lost, the amount you lost has increased by 15 percent or more due to the increase in price of bitcoin - simply because if you hadn't gambled away the bitcoin but held it, the gains today would have been in your pocket - this example is also the other way round in cases where the price of bitcoin falls instead of increase..
For me, I don't see any confusion in gambling with Bitcoin or any stablecoin, because both are not the same, and as such their gambling record ought not to be the same, and by that I mean, you don't need to gamble with Bitcoin and except to keep your records in a stable currency such as dollar or pounds rather than keeping it in same Btc.

Example:
Imagine you gambled 0.001btc to win 0.01btc and you won the game, you should put in the record that you made a profit of 0.009btc by gambling 0.001, and not get to worry whether the price value of that BTC increases or decreases.  Moreover, I gamble with both BTC and Stablecoins (i.e USDT)

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May 31, 2023, 12:09:23 PM
 #92

~
So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
You are right, I have gambled with Bitcoin as long as I have gambled. I never thought like you here. After losing gambling, I never looked at my losses. If I look at the gambling losses like you said, then maybe it will be seen that I have lost a lot of money in my life. Which would be worth several thousand dollars now. From today I will use stablecoins USDT, USDC instead of Bitcoin to participate in gambling. Very nice post you have made and I have learned a lot from here.
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May 31, 2023, 12:11:00 PM
 #93

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.
Crypto casinos have been able to bring about a massive change in the world of gambling. A gambler used to feel shy about gambling but now there is no such difficulty. Crypto casinos do not have the difficulty of depositing or withdrawing at fiat currency supported casinos. I use btc for gambling most of the time but make some changes when the market is more volatile. Besides BTC there are a few other coins I want to use. Since Bitcoin is well known and trusted worldwide, I prefer gambling with Bitcoin.

I want really fast confirmations and I have found that Litecoin to be the most successful coin in spending very little in fees for confirmations and having blazing fast confirmations,I always deposit in Litecoin to be able to go to the game I like in the fastest way possible but most of the time I also change in-game currency to IDR-Indonesian Rupiah to play with as little money as a minimum bet as possible,this keeps me playing longer and by playing longer in well reputable casinos you increase your VIP/tier levels in a much faster way than playing with other currencies,so tons of options for us gamblers in the cryptocurrencies world.

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AicecreaME
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May 31, 2023, 12:12:02 PM
 #94

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit (because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital).  if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron (usdt or trx) or litecoin is my alternative option.
Crypto casinos have been able to bring about a massive change in the world of gambling. A gambler used to feel shy about gambling but now there is no such difficulty. Crypto casinos do not have the difficulty of depositing or withdrawing at fiat currency supported casinos. I use btc for gambling most of the time but make some changes when the market is more volatile. Besides BTC there are a few other coins I want to use. Since Bitcoin is well known and trusted worldwide, I prefer gambling with Bitcoin.

This makes sense.

Way back, there are limited options for you to be able to gamble. Before, when the technology and innovation isn't that much advance yet, you have no option but to go to physical casinos just to gamble to have fun and to profit on the side. Fortunately, today we have modernization and the things we need and want to do can be done conveniently. Crypto casino and other online gambling paved a way for convenient gambling and to avoid having your reputation tainted just because someone saw you gambling on the streets or on physical casino establishments. Ease of deposit and withdrawal is also a plus if you are playing on a reputable casino site so it's really a lot better if you will play and use known reputable casinos instead of those who have questionnable reputation.
SirLancelot
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May 31, 2023, 01:41:50 PM
 #95

98% of the times I use just Bitcoin for my bet.
The remaining 2% Is for ethereum.
I dont use other crypto just because price can change quickly and I dont have on my wallet.
Of course no stablecoin. I dont want accept any other TOS Roll Eyes
Most people don't use cryptocurrencies that are volatile only because they don't want their money to lose value when they are gambling because you can't exchange them quickly, but you said you use Bitcoin and Ethereum for gambling, and both of them are volatile cryptocurrencies and their price can change anytime and you still said that you don't want to use other cryptos because of the price change, I don't really get that.

Also, most gamblers use stable coins like USDT and USDC only because of this volatility issue and I've never heard anyone saying that they need to accept extra terms of services only for using them, am I missing something here?

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May 31, 2023, 02:16:51 PM
 #96

Bitcoin must be the most common crypto as its market value already shows it. Statistically obvious. But I would personally favor stable coins, the most common one is USDT so. I tend to think that gambling with Bitcoin is too risky considering its nature. Nowadays it's rather safe but in long term I would regret money I am wasting through Bitcoin gambling. I am pretty sure its price will raise soon. It can compensate gambling costs even you know what I mean hahah.
Yes you are right, Bitcoin in the long term will be regretted if it is spent on gambling tables because we know how many successful casinos have made huge profits by accepting gamblers who bet with BTC, we will see that the price of bitcoin always increases every four years following the cycle that's why bet using bitcoin in my opinion will be very detrimental for anyone.

Stable coins are easier to use because they have the same value and don't have a long-term increase unlike bitcoin, sometimes I also often use cryptos like Matic and Doge because it's more economical to use those cryptos besides USDT.

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May 31, 2023, 02:20:11 PM
 #97

You are right, I have gambled with Bitcoin as long as I have gambled. I never thought like you here. After losing gambling, I never looked at my losses. If I look at the gambling losses like you said, then maybe it will be seen that I have lost a lot of money in my life. Which would be worth several thousand dollars now. From today I will use stablecoins USDT, USDC instead of Bitcoin to participate in gambling. Very nice post you have made and I have learned a lot from here.
well, it all depends on your mindset regarding gambling as a place to seek pleasure or entertain yourself or consider gambling as a place to seek profit.
if you think of gambling as entertainment you bet using bitcoin experiencing loss or defeat and the price of bitcoin has decreased I think it will not be a problem for you because of course you are gambling using money that can afford to lose.
but if you gamble to benefit from winning, I think you will feel uncomfortable gambling using bitcoin because the prices fluctuate and on the one hand when you lose, of course you always feel disappointed because you have lost money in gambling and the decline in bitcoin prices.
and choosing to use stable coins will be the best choice for you.

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May 31, 2023, 02:34:12 PM
 #98

I don't know why but recently I have staked most of my bets in Bitcoin and that is influenced because I always gamble with my signature earning and I am oaid in bitcoin so it beco. Easy for me to place those bets with Bitcoin, but before now I always bet with USTD since most casinos accept the currency as their primary currency.
Betting with bitcoin makes sense to you especially you are paid directly to your account weekly in bitcoin. You don't have to withdraw it first and convert it to USDT and deposit back to the casino, so there's no more hassle. If I were you I would think the same thing, but so far I don't have favorite currency to gamble with as I have tried almost all the currencies accepted at the casino, especially if the withdrawal and deposit fees are low.

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May 31, 2023, 03:01:17 PM
 #99

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
Lots of online gambling sites currently offer deposit and withdrawal options using crypto, this trend has been so big in recent years and some people also believe this is a step in protecting the privacy of a gambler. When asked what crypto is often at stake when playing online gambling, I think it depends on the site used and each person's personal choices, but usually I prefer to use USDT, BUSD or other types of crypto.

Some people prefer to use bitcoins when gambling, the reason being that they can hold bitcoins and there is no need to rush to sell after winning at gambling, the habits of active gamblers may be more familiar with choosing bitcoins. But for me it's too risky to lose my bitcoins when I lose, due to the nature of gambling it's hard to keep winning and the options I use on UDST or BUSD.

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May 31, 2023, 03:21:40 PM
 #100

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
I think we are the same considering it's also easy especially if you're into the Tron network which I like the most. What I like now was on my favorite digital wallet in my country (GCASH) is that they have registered casinos and it's easy to transact when you feel like you want to deposit/withdraw and no hassle as long as your account is verified.
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May 31, 2023, 04:44:42 PM
 #101

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
I think we are the same considering it's also easy especially if you're into the Tron network which I like the most. What I like now was on my favorite digital wallet in my country (GCASH) is that they have registered casinos and it's easy to transact when you feel like you want to deposit/withdraw and no hassle as long as your account is verified.

The Tron network seems more familiar to me and I also use TRX coins for gambling fees. And several times also use stablecoin. In general my friends use TRX gambling on Stake.com. It's easy to make transactions and of course it's also fast and also the shipping costs are very cheap.
for some of the other crypto coins provided such as Bitcoin, still don't use it because the fees are too expensive and recently there has been a high spike in transactions that have an effect on transaction fees which are also expensive.
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May 31, 2023, 09:15:54 PM
 #102

I don't know why but recently I have staked most of my bets in Bitcoin and that is influenced because I always gamble with my signature earning and I am oaid in bitcoin so it beco. Easy for me to place those bets with Bitcoin, but before now I always bet with USTD since most casinos accept the currency as their primary currency.

My choice of betting too bitcoin as the payments were sent in terms of bitcoin. Only the last week's payment is available in the wallet. Most of the users here in the forum have the similar practice of spending their campaign earnings. Only the Whale gamblers keeps depositing more and more in the form of different coins and enjoy gambling.
Yes, I guess if a campaign participant is lucky he can win a big amount from staking his signature earning, but on the other hand, gambling has its spirit and sometimes when we exist our limit we tend to go further to deposits more I experience this last week when my balance get existed I hard to make more deposits in other to keep playing since I still have one or two matches to bet on.

So in this kind of situation, the gambler can have a change of mind on deposits, so we can't say only whale gamblers fall victim to this.

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May 31, 2023, 09:37:22 PM
 #103

I prefer Litecoin to every other coin., It doesn't really have much increments in a good space of time...
I also feel using BTC would enhance a huge Trnx fees during depositions.. apart from having huge losses. It ain't encouraging at all as that only could cut in half, the total deposition fees..
Ofcourse when getting funds from your wallet, it's Also gonna be made in BTC which, is equally more profitable. Thirdly, I haven't tried using other means in any deposits anyways... I dunno how fast any means could be.

Sandra 🧑‍🦰

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June 19, 2023, 03:12:33 AM
 #104

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.
I think we are the same considering it's also easy especially if you're into the Tron network which I like the most. What I like now was on my favorite digital wallet in my country (GCASH) is that they have registered casinos and it's easy to transact when you feel like you want to deposit/withdraw and no hassle as long as your account is verified.

The Tron network seems more familiar to me and I also use TRX coins for gambling fees. And several times also use stablecoin. In general my friends use TRX gambling on Stake.com. It's easy to make transactions and of course it's also fast and also the shipping costs are very cheap.
for some of the other crypto coins provided such as Bitcoin, still don't use it because the fees are too expensive and recently there has been a high spike in transactions that have an effect on transaction fees which are also expensive.
I think that many opt for the Tron network for everything, even when it is USDT it is the best, of course this is known because when we are in a casino that can give us that option we take it without a doubt, but I think that the solution to all this In casinos it is that they can make an internal exchange, for now there is not that much of a problem, but when bitcoins are rising in price, and we are in a casino and we want to withdraw our money, we don't want to because the bitcoin fee rates are very high, there will be the good thing, that the internal exchange will allow us to do it without problem.

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June 19, 2023, 05:13:30 AM
 #105

For gambling with cryptocurrencies i mostly use stable coins ‍and for this i have chosen USDT of Tron platform. But sometimes i try to  deposit TRX to save transaction fee. Many gamblers find it convenient to gamble with stable coins instead of Bitcoin to get rid of Bitcoin's fluctuations. This network is widely used in gambling due to its fast withdrawal and deposit facility. Moreover, a few days ago, due to the congestion of the Bitcoin network, transaction fees increased at a high rate and at that moment gamblers used the Tron platform most. A gambler will choose the platform of his choice considering the benefits.

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June 19, 2023, 05:45:56 AM
 #106

After the drop in Ordinals hype, the Bitcoin transaction fee is now even cheaper than ever, I like using Tron and USDT but now, the Bitcoin transaction fee is cheaper, to send Bitcoin from my wallet to any online casino will now cost me 0.36$ to 0.46$ and sending USDT now cost roughly the same but if the USDT is coming from an exchange that's 1$ for withdrawal.

USDT is stable coin that's why it matches the role of Fiat for online gambling purpose and I still have hard times spending my Bitcoin for gambling when I should be holding and keeping for long time, now Tron and USDT feel better but the transaction fee isn't stopping Bitcoin anymore, for now at least.

.
SPIN

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June 19, 2023, 07:19:00 AM
 #107

For most of the times I like to gamble with Bitcoin only but when the fees was high due to network congestion I used some other coins like USDT and some meme coins like doge which will not give any returns for holding them so used to gamble with low fees at that time but on general basis bitcoin is my priority and now fees are also normal.

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June 19, 2023, 07:55:44 AM
 #108

#1 is bitcoin because it is the most adopted crypto out there. Every online crypto casino accepts it.
#2 is LTC because it is fast and cheap. Not as widely adopted as bitcoin but it is still in a good position
#3 is Doge. Same reasons as ltc.

Overall I am happy to play with either of those choices. Sometimes I wish bitcoin had cheaper transactions fees though but it is OK. Quality don't come cheap.

.
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June 19, 2023, 08:57:11 AM
 #109

For most of the times I like to gamble with Bitcoin only but when the fees was high due to network congestion I used some other coins like USDT and some meme coins like doge which will not give any returns for holding them so used to gamble with low fees at that time but on general basis bitcoin is my priority and now fees are also normal.
I would suppose that is what the majority of the people do anyway, bitcoin is by far the most popular coin and the best as well, and the majority of the casinos out there accept it as they know this.

However when the fees begin to go up instead of switching to an altcoin I simply prefer to not gamble at all, as before ordinals were a thing an increase on the fees of bitcoin meant an increase on the demand, and as a consequence the price went up as well, making holding my coins a preferable thing to do at the time.

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June 19, 2023, 09:02:09 AM
 #110

If the online casino accepts xrp that's what i am gonna use to save some transaction fees but most of the time i have definitely used bitcoin and only bitcoin. I usually convert it to usdt or any other stable coin right after i finished playing to avoid volatility to be able to have the same value when i get to it in the next morning.
I believe many people are also opting out to use bitcoin in their betting routine.
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June 19, 2023, 09:12:47 AM
 #111

For most of the times I like to gamble with Bitcoin only but when the fees was high due to network congestion I used some other coins like USDT and some meme coins like doge which will not give any returns for holding them so used to gamble with low fees at that time but on general basis bitcoin is my priority and now fees are also normal.

I believe what to first considers is what each individual has in his wallet portfolio and compare it to the cryptocurrency the casino he uses supported, if the have such coin being listed on their casino, one could easily wager money into his casino wallet with any currency he has as long as the casino supports many cryptos, but the commonly used ones are bitcoin, usdt, ethereum, litecoin and many other additional currencies well recognized.
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June 19, 2023, 09:19:50 AM
 #112

Among the gamblings that I have played here in the cryptocurrency field, it is often usdt, Bitcoin and sometimes Trx, but the most often is usdt. Then I often win usdt here too.

I have never experienced that I have won gambling using other cryptocurrency when it comes to a large amount of winnings here in this gambling industry. Especially now that I rarely play in these situations because I don't have time for now.



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June 19, 2023, 09:43:27 AM
 #113

~snip~
I think that many opt for the Tron network for everything, even when it is USDT it is the best, of course this is known because when we are in a casino that can give us that option we take it without a doubt, but I think that the solution to all this In casinos it is that they can make an internal exchange, for now there is not that much of a problem, but when bitcoins are rising in price, and we are in a casino and we want to withdraw our money, we don't want to because the bitcoin fee rates are very high, there will be the good thing, that the internal exchange will allow us to do it without problem.

Truly, the use of digital currencies like TRX in gambling transactions signals a new age in the betting world. TRX solves many of the traditional finance system's hassles, delivering fast transactions with tiny costs. Moreover, in-house exchanges in online casinos are a game-changer. With the soaring prices of cryptos like Bitcoin, transaction fees can hurt. An internal exchange system can help dodge this bullet, letting users easily switch between cryptos and avoid big charges.

This forward-thinking move could make user experience better and help crypto to gain a stronger foothold in gambling. Let's welcome these shifts and push for more crypto-friendly leaps in the sector.

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June 21, 2023, 12:15:55 PM
 #114

Back when I was an active gambler I would choose the crypto with lowest fee that the site support or use.
I want to maximize the profit by paying with less fee when withdrawing or play more because of low fee transaction coins.



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Rainbot
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June 22, 2023, 03:22:51 PM
 #115

Among the gamblings that I have played here in the cryptocurrency field, it is often usdt, Bitcoin and sometimes Trx, but the most often is usdt. Then I often win usdt here too.

I have never experienced that I have won gambling using other cryptocurrency when it comes to a large amount of winnings here in this gambling industry. Especially now that I rarely play in these situations because I don't have time for now.
You never won in other crypto, that is because you don't use them or you only rarely use them. For me I can win most of the time using the XRP coin, obviously because this was my favorite crypto for gambling purposes only.

I already tried winning in the form of USDT once when I try a new casino using their sign up bonus and I withdraw the USDT via the TRX network because it has a smaller fee and faster transacting time. Don't worry if you rarely play nowadays. Outside obligations are more important than gambling. It can be that we are busy with our job, looking for our kids, and doing house chores. Gambling can only wait once we find a free time. Playing less also helps to prevent being addicted to it.
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June 30, 2023, 12:12:54 PM
 #116

Among the gamblings that I have played here in the cryptocurrency field, it is often usdt, Bitcoin and sometimes Trx, but the most often is usdt. Then I often win usdt here too.

I have never experienced that I have won gambling using other cryptocurrency when it comes to a large amount of winnings here in this gambling industry. Especially now that I rarely play in these situations because I don't have time for now.
Bitcoin and Trons are completely out of the picture, bitcoin fluctuate more than any other project in the market because of the high volatility it has. While trons which seems like an abandoned projects, it barely makes any bull moves.  I don't sign up for projects that would cost me loses and make me compromise my strategies, no way but to scout for more stable and prominent coin like usdt. Gambling with the popular coins in the market, usdt is quite stable and doesn't fluctuate as others, it's considerable to gamble with, infact that's my favorite coin, no day passes without me gambling with it.

R


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June 30, 2023, 12:35:24 PM
 #117

Back when I was an active gambler I would choose the crypto with lowest fee that the site support or use.
I want to maximize the profit by paying with less fee when withdrawing or play more because of low fee transaction coins.

I still like coins with the lowest fees... Tron, Litecoin, BNB, and f I don't play with BTC then it's one of those 3. Some casinos have the swap option, which is pretty interesting for me, and I use it when I wish to move some money from one casino to another.

Now it's pretty easy to choose any coin for gambling, most casinos have options for different chains, so moving funds from one place to another is cheap and fast. The situation in the past years is much better compared with +5-6 years ago.

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June 30, 2023, 12:54:19 PM
 #118

I gamble mostly with USDT using other chain, the reason is USDT price is stable and using other chain will make the transfer fee is cheap. If I use USDT that run in ETH network, the fee is really high and not worth for small gambler.

Sometime I gamble using Bitcoin too since it's easy to exchange and it can be traded via P2P.

I don't like to gamble using shitcoin where the volatility is very high, it's not worth when you win, but the price is decreasing.

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June 30, 2023, 01:01:36 PM
 #119

Back when I was an active gambler I would choose the crypto with lowest fee that the site support or use.
I want to maximize the profit by paying with less fee when withdrawing or play more because of low fee transaction coins.

I still like coins with the lowest fees... Tron, Litecoin, BNB, and f I don't play with BTC then it's one of those 3. Some casinos have the swap option, which is pretty interesting for me, and I use it when I wish to move some money from one casino to another.

Now it's pretty easy to choose any coin for gambling, most casinos have options for different chains, so moving funds from one place to another is cheap and fast. The situation in the past years is much better compared with +5-6 years ago.
Yes there are some casinos that add other blockchains and some don't, but I prefer to play in big casinos with lots of chain support as well as other altcoins that are supported so that it can be an option for gamblers to play, I personally only use USDT with matic or bnb networks because cheaper for transaction fees and never use other crypto for fear that the price of the crypto used can be expensive, of course it hurts more to look at, for example BTC.

So it's safer to use a stable currency on the chain with much cheaper transaction fees than the ethereum chain, because ETH definitely has more expensive transaction fees, prefer USDT on the BNB network or Matic let alone arbitrum. it's true that now everything looks much better than in previous years.

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June 30, 2023, 01:26:27 PM
 #120

Back when I was an active gambler I would choose the crypto with lowest fee that the site support or use.
I want to maximize the profit by paying with less fee when withdrawing or play more because of low fee transaction coins.
There are tons of coins with fairly low withdrawal fees but can you accept low transaction fees and a slightly longer process?
I myself prefer stable tokens such as USDT and the main BTC token for depositing and playing in the casino because when compared the fees are also not too high but have a very fast withdrawal process.
Moreover, if you use BTC and when it experiences a price increase, the nominal amount stored in the casino bankroll will also increase in value, you can automatically benefit from this increase.

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coolcoinz
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June 30, 2023, 02:55:27 PM
 #121

I use only bitcoin at this point and I don't touch any other. I might have some ETH and ADA left somewhere on these wallets, but that's dust compared to my BTC holdings.
At this point everything that I do revolves around bitcoin. I buy stuff with bitcoin, earn bitcoin, save up in bitcoin and gamble using bitcoin Cool
I don't care about fees, wouldn't compromise myself on some exchange trying to buy an altcoin and being forced to do KYC just to save on fees. Not worth it.

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June 30, 2023, 03:09:47 PM
 #122

I don't really care much of what coin I gamble with. I use whatever I have in my gambling account to gamble and empty it all.
Most of the times it is BTC and the rest of the times it is USDT, TRX, ETH etc...
TRX is my favorite altcoin to gamble with because of it's low fees and low price.
It's fun to gamble in whole number rather than decimal.

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June 30, 2023, 03:10:48 PM
 #123

Join Cloudbet via https://ref.cldbt.cloud/bfEC to enjoy a nice welcome bonus.
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July 01, 2023, 07:11:59 AM
 #124

I don't really care much of what coin I gamble with. I use whatever I have in my gambling account to gamble and empty it all.
Most of the times it is BTC and the rest of the times it is USDT, TRX, ETH etc...
TRX is my favorite altcoin to gamble with because of it's low fees and low price.
It's fun to gamble in whole number rather than decimal.
We use coins and odds at our disposal, that's one of the attributes I've encounter in gambler, and I must say, it's beneficial. Bitcoin, USDT, TRX, and Ethereum are the most popular coins traded by gamblers, and they have positive as well as negative impacts on the financial system as a whole. When gambling with bitcoin, gamblers tend to make rash decisions since even when they are profitable, things might get dicey due to volatility. Not everyone has the knowledge to become acquainted with crypto gambling; some have no idea what it is all about, not to mention employ it to place bets.

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July 01, 2023, 07:23:10 AM
 #125

I use only bitcoin at this point and I don't touch any other. I might have some ETH and ADA left somewhere on these wallets, but that's dust compared to my BTC holdings.
At this point everything that I do revolves around bitcoin. I buy stuff with bitcoin, earn bitcoin, save up in bitcoin and gamble using bitcoin Cool
I don't care about fees, wouldn't compromise myself on some exchange trying to buy an altcoin and being forced to do KYC just to save on fees. Not worth it.
Bitcoin may not look very bullish at the moment as a whole there is still a year or two to make bitcoin valuable and I'm sure it will be expensive, but would you still use bitcoin to gamble if it was expensive later, if I were you maybe i would only use stable currency to gamble like USDT which allows stable value.

I used to be like you spending some bitcoins for any online transaction including gambling in 2014 and after looking at the wallet how many bitcoins I had used up there then I counted them this year, that's quite a high value, lol that's why I never use bitcoin to shop let alone gamble on the internet until it really hits the price of $ 100k so it doesn't hurt too much to see the money that has been lost before  Grin

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July 01, 2023, 07:52:35 AM
 #126

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

I am the exact opposite to you, I never really use stable coins and rather spend Bitcoins and Fiat money for my gambling activities.  The whole motivation for me behind it is to either take profits or add to my crypto holdings with gambling. So when the Bitcoin price is high like right now it's a good opportunity to use gambling as a way to try and get some return on my coins. As a Hodl investors my coins don't bring any income for a long time, so using them during times of high prices can lead to some additional profits. And last year was the opposite when the Bitcoin price was around the 16-20k USD levels I wouldn't touch any of my coins for gambling. I only deposited money with Fiat and used my gambling winnings to withdraw in bitcoin. Like that it's a good way for me to keep adding to my portfolio while the prices are quite cheap.
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July 01, 2023, 08:01:05 AM
 #127

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.

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July 10, 2023, 06:30:23 PM
 #128

Among the gamblings that I have played here in the cryptocurrency field, it is often usdt, Bitcoin and sometimes Trx, but the most often is usdt. Then I often win usdt here too.

I have never experienced that I have won gambling using other cryptocurrency when it comes to a large amount of winnings here in this gambling industry. Especially now that I rarely play in these situations because I don't have time for now.
You never won in other crypto, that is because you don't use them or you only rarely use them. For me I can win most of the time using the XRP coin, obviously because this was my favorite crypto for gambling purposes only.

I already tried winning in the form of USDT once when I try a new casino using their sign up bonus and I withdraw the USDT via the TRX network because it has a smaller fee and faster transacting time. Don't worry if you rarely play nowadays. Outside obligations are more important than gambling. It can be that we are busy with our job, looking for our kids, and doing house chores. Gambling can only wait once we find a free time. Playing less also helps to prevent being addicted to it.

I think Something ,when we play taking into account the fiat value , that Will Stop us a bit, Because we will be saying to each other, wow we are losing X Amount, or if I continue I am going to lose X more than before , I cannot afford this, to Sometimes When we play with Bitocin the same thing can happen, with other Cryptocurrencies it can happen but it will be different, we will not have the mental calculator so fast But we will begin to see this in the Form of crypto and if so the value of the fiat Will drop or we will not have very Into consideration and that frees my mind to play more freely , for Me it's much better that Way.

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July 10, 2023, 06:40:10 PM
 #129

Using bitcoin to gamble is not really a good thing. I personally convert my funds to XRP or any other coins with low transaction fees and fast confirm times, in anticipation of me winning something and taking it out of the platform and transferring it to the exchange. I don't think of the value of bitcoin or any other crypto going up when I gamble, because I consider those funds as lost already the moment I deposited it in the exchange.

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July 10, 2023, 07:24:16 PM
 #130

Using bitcoin to gamble is not really a good thing. I personally convert my funds to XRP or any other coins with low transaction fees and fast confirm times, in anticipation of me winning something and taking it out of the platform and transferring it to the exchange. I don't think of the value of bitcoin or any other crypto going up when I gamble, because I consider those funds as lost already the moment I deposited it in the exchange.
I don't use bitcoin as well because I have this kind of feeling of regret that the amount I used to bet will be change once it pumps so when I lose, I lose more even than before, so I am using stable coins such as usdt and usdc if only available in the online gambling site that I am playing with. Most of the time I used usdt, so I can send it directly to binance and sell it on p2p.
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July 10, 2023, 07:33:31 PM
 #131

Using bitcoin to gamble is not really a good thing. I personally convert my funds to XRP or any other coins with low transaction fees and fast confirm times, in anticipation of me winning something and taking it out of the platform and transferring it to the exchange. I don't think of the value of bitcoin or any other crypto going up when I gamble, because I consider those funds as lost already the moment I deposited it in the exchange.

I agree with you,there is no real point in gambling with Bitcoin because Bitcoin can become a valuable asset in not a so distant future,so it is better to have other coins to play or at least to convert very little part of Bitcoin and play with that money.The cheapest and fastest for me is Litecoin as just some hours ago I deposited about 15 dollars in Litecoin and the fee was 0.01 dollar and confirmation in the next block so it means it is one of the cheapest and best coin to play.

I go even further and use casinos where I can use different FIAT types and I love to play very cheaply that is why I go and choose IDR-Indonesian Rupiah to play even with 0.01 usd to 0.02 usd as a minimum bet by extending my sessions a lot of time thanks to this currency.

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mvdheuvel1983
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July 10, 2023, 07:35:57 PM
 #132

USDT and Bitcoin. I haven't though about gambling with any other cryptocurrency out there as I have been using these two since the past four years and never had any issue with them. I alternate between based on market factors, convince and instinct. Sometimes, it seems like I win when I used USDT and lose when I used Bitcoin and vice versa but I know it is just my crazy personal superstition. I have friends who use other crypto and have encouraged me to try them out, maybe I will or will not.

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Aikidoka
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July 10, 2023, 07:55:05 PM
 #133

Mostly, I use Bitcoin or USDT and sometimes I also use LTC because they have low transaction fees. It depends on what I have available at the moment. Additionally, it has been quite a while since I last used fiat for gambling. I prefer to gamble using my crypto as it's also quite easy to do. Whether I gamble with a stable coin or not doesn't matter to me, as long as I'm making a profit.

I don't feel the need to keep track of my losses and wins ratio because lately, I gamble purely for fun and I don't invest a lot of money into it.
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July 10, 2023, 07:59:18 PM
 #134

Using bitcoin to gamble is not really a good thing. I personally convert my funds to XRP or any other coins with low transaction fees and fast confirm times, in anticipation of me winning something and taking it out of the platform and transferring it to the exchange. I don't think of the value of bitcoin or any other crypto going up when I gamble, because I consider those funds as lost already the moment I deposited it in the exchange.

I agree with you,there is no real point in gambling with Bitcoin because Bitcoin can become a valuable asset in not a so distant future,so it is better to have other coins to play or at least to convert very little part of Bitcoin and play with that money.The cheapest and fastest for me is Litecoin as just some hours ago I deposited about 15 dollars in Litecoin and the fee was 0.01 dollar and confirmation in the next block so it means it is one of the cheapest and best coin to play.

I go even further and use casinos where I can use different FIAT types and I love to play very cheaply that is why I go and choose IDR-Indonesian Rupiah to play even with 0.01 usd to 0.02 usd as a minimum bet by extending my sessions a lot of time thanks to this currency.
when the price of transaction fees is high maybe more people who gamble will no longer use Bitcoin to gamble and choose another coin that has lower transaction fees. actually, there are currently a lot of networks that make transactions cheaper, it's just that for Bitcoin, the BSC network at some crypto casinos doesn't accept the network, so we are forced to have alternative coins that are cheaper or even choose stable coins.
with the increase in Bitcoin transaction fees will be very influential especially small gamblers.

I admit that using the IDR value on some casino sites is very profitable when betting with a very low minimum bet. but sadly not many casinos have IDR value.
there is another alternative when you want to bet with a small minimum amount, you can choose the INR value.

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July 10, 2023, 08:04:33 PM
Last edit: July 10, 2023, 08:40:28 PM by AmoreJaz
 #135

Mostly, I use Bitcoin or USDT and sometimes I also use LTC because they have low transaction fees. It depends on what I have available at the moment. Additionally, it has been quite a while since I last used fiat for gambling. I prefer to gamble using my crypto as it's also quite easy to do. Whether I gamble with a stable coin or not doesn't matter to me, as long as I'm making a profit.

I don't feel the need to keep track of my losses and wins ratio because lately, I gamble purely for fun and I don't invest a lot of money into it.

we have the same approach here. whatever is available in my account, but mostly btc, that i use for my gambling. since i know how much i should spend for each session, i know how much btc i can use to gamble. if i know that i am going beyond the limit, i stop before i spend more than what i allocated for that moment.
though i can understand why some gamblers stick to stable coin, it is quite easy to know how much you are spending because you can already see the amount of dollars you are spending. whereas if btc or alts, you need to convert them to dollars to know how much you're spending. but some casinos, you can already view your coins in fiat if you want, so it would be easy for you to see how much you are spending in every bet.

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July 10, 2023, 08:19:12 PM
 #136

I used to use Ethereum but its gained alot and still has a potential to gain alot more now I think, plus the main reason I gambled was I was mining it actively.  Now I cant mine it so dont have that 'free' supply to spend so I tend to stick with BTC now as I have a deposit in a few places and so it seems ok to use it for gambling on the casino site a little more.

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July 10, 2023, 08:38:04 PM
 #137

Mostly, I use Bitcoin or USDT and sometimes I also use LTC because they have low transaction fees. It depends on what I have available at the moment. Additionally, it has been quite a while since I last used fiat for gambling. I prefer to gamble using my crypto as it's also quite easy to do. Whether I gamble with a stable coin or not doesn't matter to me, as long as I'm making a profit.

I don't feel the need to keep track of my losses and wins ratio because lately, I gamble purely for fun and I don't invest a lot of money into it.

we have the same approach here. whatever is available in my account, but mostly btc, that i use for my gambling. since i know how much i should spend for each session, i know how much btc i can use to gamble. if i know that i am going beyond the limit, i stop before i spend more than what i allocated for that moment.

I prefer to use the most popular cryptocurrency which is bitcoin. Maybe the reason is I'm already use to it in almost out of the other coins. Casinos never miss to add it to their payment system both deposit and withdrawal. Regards to stablecoin, I use usdt and for this, the charge is fixed probably on $1. So playing with these two , I'm comfortable.

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July 10, 2023, 11:35:32 PM
 #138

I have always preferred Dogecoin and to a lesser extent Litecoin. These coins are not worth as much. If you gamble with Bitcoin and go on a bad losing streak you could lose a lot of money. Cheaper coins allow you to try riskier strategies while risking less money. I only gamble for fun so it doesn't matter if I lose a small amount of Doge. With Bitcoin even losing a few sats can feel bad because of how much work I put into acquiring it.

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July 11, 2023, 01:57:54 AM
 #139

I have always preferred Dogecoin and to a lesser extent Litecoin. These coins are not worth as much. If you gamble with Bitcoin and go on a bad losing streak you could lose a lot of money. Cheaper coins allow you to try riskier strategies while risking less money. I only gamble for fun so it doesn't matter if I lose a small amount of Doge. With Bitcoin even losing a few sats can feel bad because of how much work I put into acquiring it.
Dogecoin is most likely a good prominent altcoin in the space, with significant advantages. Using cryptocurrency to gamble, I believe, is out of the box; yet, this is not financial advice. I agree with your statement, for example, with the scenarios of two gamblers, both triggered gambling with altcoins and bitcoins, altcoins are more safe when it comes to losses, compared to bitcoin, which almost always leads to account liquidation, but one might not gain as much as the other, who used bitcoin in gambling and is open to massive profits, weighs heavier than altcoins.

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July 11, 2023, 02:37:05 AM
 #140

To be honest people will have complete different opinions here. Some like stable coins to gamble while some use the unstable coins. Regarding the maintaining the sheets of how much amount you wagered or profit loss calculations, then these are only done by regular gamblers. 80% of the gamblers do only casual gambling, and they only occasionally gamble when they need some quick cash. I like to gamble through BTC, as when I will win, I will receive the profits in Bitcoins only.

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July 11, 2023, 06:13:28 AM
 #141

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.

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July 11, 2023, 06:50:51 AM
 #142

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.

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July 11, 2023, 07:52:31 AM
 #143

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.
Only reason I love memecoins is this honestly. When bitcoin or ethereum blockchains are busy and slow its very good experience to use memecoin to deposit or withdraw from your gambling account. One of my friends introduced me this. He told me to not use bitcoin at all. But I think bitcoin is %100 the most common coin in casinos and in general depositing experience can be costly but better developed. I think using stablecoins is not that important even though I like. You use existing blockchains anyways.
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July 11, 2023, 08:18:04 AM
 #144

Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .

But nowadays? I uses coin that available from my pocket , some are from other area where being paid to me or at least wins from investment so any coins will goes as long as it is given by my wifey lol.









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July 11, 2023, 09:15:42 AM
 #145

Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .
Before Doge reached ATH in the previous year it was always used by many gamblers because the fees were cheap and withdrawals were also low so it became a second alternative to bitcoin in its time, but after the bull market on Dogecoin and it reached ATH making transactions a bit more jammed, now there are other alternatives like Matic is also a BNB that uses a lower transaction fee.

But unfortunately very few casinos and gambling platforms want to add Matic and BNB because it might be difficult to integrate them in the platform or there are other reasons, but still you will see dogecoin and litecoin in casinos or gambling platforms because these two will always be the mainstay of altcoins that used for gambling.  Cheesy

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July 11, 2023, 12:52:56 PM
 #146

I use the most popular crypto Bitcoin. I have tried  Ethereum, and Litecoin, which are also some common options at online casinos.  And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster  than other banking methods. Once I receive my winnings, I easily can exchange my  crypto on the  market for my local currency without no hassle and I can do it at night or during the weekend.

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rendravolt
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July 11, 2023, 02:15:24 PM
 #147

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Now it's back to each individual because of course everyone has their own views to determine the best crypto according to their version for gambling at online casinos. Bitcoin will be the first choice for all gamblers and it is undeniable because it is the first crypto currency in the world, if there is no other crypto option of course I will also use bitcoin. But as long as we can manage everything for the better I don't think it's a problem. Bitcoin is indeed more profitable in the long run and if the number of bitcoins is not large, there may not be a problem when the price fluctuates, but it is different if you have large amounts of bitcoins, of course it will be quite a loss if you fully bet using bitcoins because the profits will change according to the rate and that also applies to all other crypto. That's just my opinion, apart from that everything is very easy for us with bitcoin.

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July 11, 2023, 03:24:36 PM
 #148

I use the most popular crypto Bitcoin. I have tried  Ethereum, and Litecoin, which are also some common options at online casinos.  And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster  than other banking methods. Once I receive my winnings, I easily can exchange my  crypto on the  market for my local currency without no hassle and I can do it at night or during the weekend.

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.

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July 11, 2023, 03:40:26 PM
 #149

I use the most popular crypto Bitcoin. I have tried  Ethereum, and Litecoin, which are also some common options at online casinos.  And have attempted using altcoins like Doge, Tether, and Solana. When compared to using fiat for gambling I have noticed that most online casinos have welcome bonuses specifically for crypto.

In addition, cashing out with crypto is simple too. Typically, withdrawals with crypto are typically faster  than other banking methods. Once I receive my winnings, I easily can exchange my  crypto on the  market for my local currency without no hassle and I can do it at night or during the weekend.

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.
Web 3 casino in particular, you are very right, but then, this is particularly for complete decentralized casino, you and I know that, there are several casino claiming to be web 3 whereas if properly investigated, they are still the same as normal centralized casinos, the only difference is that, they offer or provide users the ability to login by connecting the casino account to their wallet, casino like this still have the ability to accept coins like bitcoin and litecoin for gambling.

But for casinos that are truly decentralized, I don't think it's possible for them to accept the real bitcoin, user can only use the wrapped version of bitcoin or any other coin that is not a token built and running on the blockchain the casino is built on.

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July 11, 2023, 06:17:12 PM
 #150

Even though bitcoin is the most popular cryptocurrency for betting on gambling sites, I don't use it as the main choice because the reason is that the cost is quite expensive, especially when withdrawing gambling profits and also sometimes the block confirmation process is quite long. On the other hand, Ethereum is the same as bitcoin so I just have to go through the two cryptos to gamble. I mostly use Litecoin, Dogecoin or Tron because they have very low fees to almost free withdrawals. Apart from that, I also often use stable coins like USDT, USDC or BUSD which are also the most popular cryptos that are often used by other gamblers when placing bets.
Those of us who gamble at crypto casinos are currently quite benefited by the many choices that we can use to play, at least the development of cypto is quite profitable because there are other cryptos whose transaction fees are cheaper and also confirmed quickly, very different from a few years ago where the types of coins used there are still fewer and more casinos that only accept Bitcoin.
I use Bitcoin more often because it's a coin that is accepted from signature campaigns, only using other coins like Litecoin or dogecoin and stablecoins when I do have a balance of these coins in my wallet. Using Bitcoin is more profitable because the price tends to rise so that the winnings can be stored for the long term, just like you said, withdrawal fees are often unpleasant, but there will always be pros and cons.
Most of the casinos have BTC, ETH,LTC or memecoins as deposit option which is good for players as well they have stable coin options also.Like in the past few weeks when btc was witnessing high transaction fees I used some of meme coins lik doge to gamble because I don't want to hold it for profits motive while other coins are good for future returns.
In my perspective people who gamble with larger amounts will generally be more inclined to gamble with Bitcoin. However, those who gamble with relatively small amounts of money will try to gamble where normally transaction fees are low. Still others conduct gambling only with stable coins. Meme Coin and TRX generally have low transaction fees, making them the first choice of many gamblers. But apart from the coins I mentioned here, there are several coins that are used massively for gambling activities one of them is Litecoin.

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July 11, 2023, 06:26:04 PM
 #151

In my perspective people who gamble with larger amounts will generally be more inclined to gamble with Bitcoin. However, those who gamble with relatively small amounts of money will try to gamble where normally transaction fees are low. Still others conduct gambling only with stable coins. Meme Coin and TRX generally have low transaction fees, making them the first choice of many gamblers. But apart from the coins I mentioned here, there are several coins that are used massively for gambling activities one of them is Litecoin.

Personally, It depends on market condition on which currency I will use regardless of how big or small my bankroll. I always convert my crypto asset to stablecoin whenever the market is bearish to protect from losses due to crypto dump. This makes me use stablecoin too on gambling since all my asset on stablecoin. This is same when bullish market which my asset is on Bitcoin and other coin aside from stablecoin so that I will not miss out the crypto pump while I’m gambling.

I believe my perspective on asset to choose is same on most gamblers since using Bitcoin for huge deposit is same experience when you use stablecoin because no holds their money on casino account for too long.

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July 11, 2023, 07:05:00 PM
 #152

Bitcoin is a very good coin for gambling and playing slots games with Bitcoin is a lot of fun. and with Bitcoin I like to play slots games but when it comes to sports betting I feel more comfortable to bet with USDT stable coin. Because I often gamble with TRX.  Because its low gas fee saves a lot of fees on multiple transactions like deposit/withdraw. But I think most of the members of this forum prefer to gamble with bitcoin because bitcoin is more preferred in this forum and bitcoin is a safer holding than altcoins so everyone prefers to hold bitcoin and gamble from there.



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July 11, 2023, 07:19:42 PM
 #153

Bitcoin is a very good coin for gambling and playing slots games with Bitcoin is a lot of fun. and with Bitcoin I like to play slots games but when it comes to sports betting I feel more comfortable to bet with USDT stable coin. Because I often gamble with TRX.  Because its low gas fee saves a lot of fees on multiple transactions like deposit/withdraw. But I think most of the members of this forum prefer to gamble with bitcoin because bitcoin is more preferred in this forum and bitcoin is a safer holding than altcoins so everyone prefers to hold bitcoin and gamble from there.

I would understand playing with TRX if you also believe its price will also grow much in the bull run. But if you just use TRX to play because it's fast and with a low tx fee, I guess it's a bit unusual. 

One reason I use TRX is that I earn TRX thru staking some projects in which I earn TRX and EOS and so i'm also keeping them to bet. TRX price is actually very stable nowadays. The price is still more than 0.07$ and its very much promising to see the price of this token unchange even in times when others are plunging down.


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Cookdata
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July 11, 2023, 07:38:32 PM
 #154

I don't think this is the case nowadays. Because most of the web3 based casinos are now considered also as a project. Their business idea had a timeline or a roadmap. With that casinos introduces their own coin. Now it is not only they're profiting from their business but also from the appreciating value of the coin.

So when entering their website, you can't play with the raw coin BTC or LTC, you have to convert it first as a token.

I see these coins as a waste of resources and unnecessary effort in their business line, they mostly create coins because they want to segment their customers like VIP services which I can get elsewhere with an amount of Bitcoin in another casino. The setback sees in these casino base own tokens is lack of interest because only a few people buy them and they don't get many speculations like the way other altcoins do get hype from buyers, what are you going they going to scream and lie on Twitter about the promising coin when there are more than other 1000 coins available in the market they can buy and get profit, most often than the casino token don't usually have volumes to begin with.

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July 11, 2023, 09:37:16 PM
 #155

`
Now it's back to each individual because of course everyone has their own views to determine the best crypto according to their version for gambling at online casinos. Bitcoin will be the first choice for all gamblers and it is undeniable because it is the first crypto currency in the world, if there is no other crypto option of course I will also use bitcoin. But as long as we can manage everything for the better I don't think it's a problem. Bitcoin is indeed more profitable in the long run and if the number of bitcoins is not large, there may not be a problem when the price fluctuates, but it is different if you have large amounts of bitcoins, of course it will be quite a loss if you fully bet using bitcoins because the profits will change according to the rate and that also applies to all other crypto. That's just my opinion, apart from that everything is very easy for us with bitcoin.
Since it is the first cryptocurrency, it is extensively used, and its reputation precedes it. Other things should be taken into account, though. Every dollar matters in the world of gaming. Furthermore, transaction fees for Bitcoin can quickly add up and reduce your profits. Bitcoin may be a fantastic investment, but using it for everyday transactions like gaming can be expensive.

Dogecoin, on the other hand, presents a significantly less expensive option. It offers a more practical option for internet gamblers due to its lower transaction fees. Although it may not have the same cache as Bitcoin, Dogecoin can provide a more affordable gambling experience. So, even though Bitcoin might be the best long-term investment, Dogecoin might be a superior option for your online gaming endeavors.

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July 12, 2023, 04:58:59 AM
 #156

Using bitcoin to gamble is not really a good thing. I personally convert my funds to XRP or any other coins with low transaction fees and fast confirm times, in anticipation of me winning something and taking it out of the platform and transferring it to the exchange. I don't think of the value of bitcoin or any other crypto going up when I gamble, because I consider those funds as lost already the moment I deposited it in the exchange.
I don't use bitcoin as well because I have this kind of feeling of regret that the amount I used to bet will be change once it pumps so when I lose, I lose more even than before, so I am using stable coins such as usdt and usdc if only available in the online gambling site that I am playing with. Most of the time I used usdt, so I can send it directly to binance and sell it on p2p.
Lol, it's the first time I'm hearing the regret thing but it does make sense now when I think about it. Let's suppose Bitcoin is priced at $30k per piece, I gamble with Bitcoin and lose 0.5 BTC which at the time of gambling is worth $15k, but later when the price goes up to $60k, I'll remember that I've lost 0.5 BTC in gambling back in the day that would have been worth $30k if I had them with me right now. So you are basically right that one would regret it later.

Most people use stable coins because it becomes easier to keep a count of the money you are using, how much you've lost, and how much you've won only by looking at your balance when it isn't possible when you are using a cryptocurrency that has a value higher or lower than $1.

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July 12, 2023, 07:08:33 AM
Last edit: July 12, 2023, 09:43:24 AM by EarnOnVictor
 #157

Back in the days when I start learning and dealing in crypto gambling ? I only uses Dogecoin because the timing when I bought Doge is best because of low transaction fee comparing to bitcoin as I started when there is Bull and the congestion is indeed happening .
Before Doge reached ATH in the previous year it was always used by many gamblers because the fees were cheap and withdrawals were also low so it became a second alternative to bitcoin in its time, but after the bull market on Dogecoin and it reached ATH making transactions a bit more jammed, now there are other alternatives like Matic is also a BNB that uses a lower transaction fee.

But unfortunately very few casinos and gambling platforms want to add Matic and BNB because it might be difficult to integrate them in the platform or there are other reasons, but still you will see dogecoin and litecoin in casinos or gambling platforms because these two will always be the mainstay of altcoins that used for gambling.
Many coins now have super-low transaction fees, yet they are not accepted by casinos, they can't just allow every coin. The integration of Matic and BNB also can't be the issue as they are well integrated with a few businesses that are allowing them. The issue would probably be the popularity, there are many things businesses consider before allowing a service into their system, to you, they might seem well known, but not to the gambling industry.

Nonetheless, the cheapness of fees is not the main consideration but the reliability and usage/acceptance by many users of the company. Therefore, many would rather go for coins like Bitcoin and Dogecoin many times over before thinking of Matic and BNB. Litecoin is another coin to reckon with in online bsuinesses, the fee is reasonably okay and it speaks for itself even more than the top ones with higher market caps.


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July 12, 2023, 08:56:27 AM
 #158

It is very convenient to move stable coins around than other digital currencies and that's why I like using stable coins in online casinos, but sometimes, when the BTC transaction fee is more friendly like right now that's around 0.30$, I don't waver to start using BTC instead.

Some online casinos also use USD value on their casino, and few use BTC value, you can change currency stat under settings if available but for those that has USD it's better to use stablecoins, for me, not talking about someone else.

For many gamblers, I believe it's mostly about the value and the gas fee, that's why gamblers like Dogecoin and Tron, I used these two more in the past because of high gas fee on Ethereum and Bitcoin, if such happens again I am going back to either Tron, Dogecoin or Stablecoins.

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July 12, 2023, 09:24:00 AM
 #159

For many gamblers, I believe it's mostly about the value and the gas fee, that's why gamblers like Dogecoin and Tron, I used these two more in the past because of high gas fee on Ethereum and Bitcoin, if such happens again I am going back to either Tron, Dogecoin or Stablecoins.
Dogecoin and Tron can be alternatives that are used for gambling when Bitcoin or Ethereum experience higher costs but automatically more and more gamblers will use these alternative coins for gambling and transactions which can create a few obstacles caused by the large number of transactions when making withdrawal or deposit.
If the increase in the cost of Bitcoin and Ethereum is within reach, I myself will not choose another alternative and continue to use these two tokens.
But back again that everything depends on the choice of each gambler.

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July 12, 2023, 10:37:07 AM
 #160

Lol, it's the first time I'm hearing the regret thing but it does make sense now when I think about it. Let's suppose Bitcoin is priced at $30k per piece, I gamble with Bitcoin and lose 0.5 BTC which at the time of gambling is worth $15k, but later when the price goes up to $60k, I'll remember that I've lost 0.5 BTC in gambling back in the day that would have been worth $30k if I had them with me right now. So you are basically right that one would regret it later.

Most people use stable coins because it becomes easier to keep a count of the money you are using, how much you've lost, and how much you've won only by looking at your balance when it isn't possible when you are using a cryptocurrency that has a value higher or lower than $1.
reading some of the statements this seems to be related to concerns when using coins other than stable coins.
let's try to change our mindset when using bitcoin to gamble, of course with a small amount and of course we will remember wisely to gamble using money that can afford to lose. so, if you gamble using money that you can afford to lose, why should you regret the money you've lost? sometimes we have to think realistically.

more precisely that's not the reason one choose stable coin to gamble but to avoid fluctuating crypto price. there is no reason someone uses a stable coin just to make it easier to calculate profits and losses because it will definitely cause regret.

regretting the money you have lost is just a waste.

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July 12, 2023, 04:58:10 PM
 #161

For many gamblers, I believe it's mostly about the value and the gas fee, that's why gamblers like Dogecoin and Tron, I used these two more in the past because of high gas fee on Ethereum and Bitcoin, if such happens again I am going back to either Tron, Dogecoin or Stablecoins.
Yes, crypto gamblers often check their transaction fees before depositing. You mentioned two coins with low transaction fees, Tron and Dogecoin, which are still the choice of many people to gamble with. But of course, many people still use Bitcoin for gambling, especially if the transaction fees are small and the Bitcoin value has gone up. Using Stablecoins is also acceptable, as you can choose the network you want without paying high transaction fees.
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July 12, 2023, 05:26:20 PM
 #162

I have always preferred Dogecoin and to a lesser extent Litecoin. These coins are not worth as much. If you gamble with Bitcoin and go on a bad losing streak you could lose a lot of money. Cheaper coins allow you to try riskier strategies while risking less money. I only gamble for fun so it doesn't matter if I lose a small amount of Doge. With Bitcoin even losing a few sats can feel bad because of how much work I put into acquiring it.
Dogecoin is pretty classic when it comes to crypto gambling. Long time ago, lots of my co-gamblers are using it and they bet crazily high amounts like a million or two. Dang, imagine if they still have it and sold by the time DOGE skyrockets? Those peeps must be a billionaire now. And of course the next to DOGE would be Litecoin. Even up until now, these two coins are still two of the leading which are being used the most of the crypto gamblers.

It is still possible to use a small amount of BTC, equivalent to the amount we use when we play using DOGE and LTC. Maybe the feeling of losing more is only due to the high transaction fee of BTC, add in that the coin can rise quickly sometimes.
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July 12, 2023, 09:24:37 PM
 #163

I have always preferred Dogecoin and to a lesser extent Litecoin. These coins are not worth as much. If you gamble with Bitcoin and go on a bad losing streak you could lose a lot of money. Cheaper coins allow you to try riskier strategies while risking less money. I only gamble for fun so it doesn't matter if I lose a small amount of Doge. With Bitcoin even losing a few sats can feel bad because of how much work I put into acquiring it.
Dogecoin is pretty classic when it comes to crypto gambling. Long time ago, lots of my co-gamblers are using it and they bet crazily high amounts like a million or two. Dang, imagine if they still have it and sold by the time DOGE skyrockets? Those peeps must be a billionaire now. And of course the next to DOGE would be Litecoin. Even up until now, these two coins are still two of the leading which are being used the most of the crypto gamblers.

It is still possible to use a small amount of BTC, equivalent to the amount we use when we play using DOGE and LTC. Maybe the feeling of losing more is only due to the high transaction fee of BTC, add in that the coin can rise quickly sometimes.
Arent those the days? The days when crypto gamblers could throw Dogecoins around like confetti. Its fun and nostalgic. Who knew those coins might have made someone a billionaire? Hasnt Dogecoin always been charming? Cheap, fast, and with a dog! Its minimal transaction fees make it a good option for crypto beginners. It fits in crypto, optimistically. You're right; Litecoin follows the same pattern. Its Dogecoin's reliable older brother. These coins are transaction fee-free. Lets keep the game vibrant like crypto gaming should be!

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July 23, 2023, 04:29:05 PM
 #164

As long as it's all in crypto, that's fine with me, why? because it's easier, if a casino has for BTC, but it seems that the price of btc goes up, obviously the fee goes up in price, and sometimes the fees are so high that they don't even make you withdraw, that's why I've said many times if bitcoin when it goes over $100k if there's no way they can lower the fee, or they can do something like an internal exchange, people will have a lot of hassle and this is not good for the casino, unless they are so many different casinos where they take their losses like in the bitcasino.io case that withdrawals are totally free, like this many, others have lower fees.

Of course cro uq if this happens when btc reaches a very high price figure, the casinos have to quickly apply a good policy, because no player likes to be applied high withdrawal fees, especially when they play a little for satoshis and then they take them away in fees, that's really annoying, that's why here the casinos that do not have withdrawal fees are the ones that shine the most in the world, I think that in those cases, even if they have the greatest loyalty When going to a casino, players will look for trustworthy casinos with zero fee rates, because they prefer to spend on the game than on fees.

Some casinos currently have not been concerned about these things, and they should do so, then when the time comes, they do not know what to do, so they begin to make other types of promotions to bring more people to play and the most important thing is neglected, so now is the moment, bitcoin has a good price, it is time for them to think of a good strategy for this possible problem.

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July 23, 2023, 04:36:43 PM
 #165

As long as it's all in crypto, that's fine with me, why? because it's easier, if a casino has for BTC, but it seems that the price of btc goes up, obviously the fee goes up in price, and sometimes the fees are so high that they don't even make you withdraw, that's why I've said many times if bitcoin when it goes over $100k if there's no way they can lower the fee, or they can do something like an internal exchange, people will have a lot of hassle and this is not good for the casino, unless they are so many different casinos where they take their losses like in the bitcasino.io case that withdrawals are totally free, like this many, others have lower fees.


If fee is your only concern then use casino that has free withdrawal fee like Bitcasino, Livecasino, Sportsbet and Winz.io. Withdrawal fee is not an issue anymore since there's a lot of casino that waiver their withdrawal in exchange for wagering x1 of your deposit before you can withdraw since there's a high chance that you lose part of your bankroll while completing the required wagering requirements.

I think the fee of Bitcoin will keep increasing in terms of fiat value in long term. Using stablecoin is a better choice to gamble with less transaction fee and be protected on volatility.

.
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July 23, 2023, 04:43:22 PM
 #166

I get paid in bitcoin, so if I do any gambling it is usually in that coin. I don't worry about fees or anything like that as it's only a few dollars and doesn't really make a difference although I do see lots complain about not wanting to spend 2-3$ fee and they like to play in ltc or something cheaper.

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Josefjix
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July 24, 2023, 02:14:37 AM
 #167

Yes, crypto gamblers often check their transaction fees before depositing. You mentioned two coins with low transaction fees, Tron and Dogecoin, which are still the choice of many people to gamble with. But of course, many people still use Bitcoin for gambling, especially if the transaction fees are small and the Bitcoin value has gone up. Using Stablecoins is also acceptable, as you can choose the network you want without paying high transaction fees.
Stablecoins are more effective; we should always gamble with coins we can afford to lose, because this system is extremely dangerous and nothing is guaranteed. Perhaps there are gas fees for each deposit made for gambling; for those utilizing coins to wager, simply familiarize yourself with the system and grasp how the entire operation functions. Dogecoin and Tron are mostly utilized by gamblers to wager on casino games or sports betting. It is relatively simple to adapt to this gambling routine. We bet in order to get paid, not the other way around.

R


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Shinpako09
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July 24, 2023, 04:13:50 AM
 #168

I've always used bitcoin, but recently I've been experimenting with other coins like Tron, USDT, USDC, XRP, DOGE, and LTC. Nothing, however, has nothing to do with the winning rate; I only want to check if I'm lucky with various or different coins. Furthermore, these coins have a cheaper minimum withdrawal amount, charge, and transaction fee. That's a major deal for me right now.
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July 24, 2023, 04:40:33 AM
 #169

I've always used bitcoin, but recently I've been experimenting with other coins like Tron, USDT, USDC, XRP, DOGE, and LTC. Nothing, however, has nothing to do with the winning rate; I only want to check if I'm lucky with various or different coins. Furthermore, these coins have a cheaper minimum withdrawal amount, charge, and transaction fee. That's a major deal for me right now.
Several coins in the crypto world are quite widely used in many online casinos which are quite profitable for players because when there are problems with other coins there are still other alternatives so that they don't prevent them from playing like when some time ago Bitcoin network fees were very high if you choose a cheap network fee you will only see your Bitcoin stuck so choosing Dogecoin or stablecoin is the choice, however, Bitcoin is always the first choice because all crypto casinos make it a payment option. Meanwhile, if someone says that certain types of coins can increase the chances of winning, I think that's just a myth because casino games don't have a system that regulates things like that, and sports betting won't change the odds just because players use certain types of coins unless there's a promotion, but if we have experienced winning more often with certain types of coins, it's just coincidence.

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July 24, 2023, 04:48:05 AM
 #170

I've always used bitcoin, but recently I've been experimenting with other coins like Tron, USDT, USDC, XRP, DOGE, and LTC. Nothing, however, has nothing to do with the winning rate; I only want to check if I'm lucky with various or different coins. Furthermore, these coins have a cheaper minimum withdrawal amount, charge, and transaction fee. That's a major deal for me right now.
Several coins in the crypto world are quite widely used in many online casinos which are quite profitable for players because when there are problems with other coins there are still other alternatives so that they don't prevent them from playing like when some time ago Bitcoin network fees were very high if you choose a cheap network fee you will only see your Bitcoin stuck so choosing Dogecoin or stablecoin is the choice, however, Bitcoin is always the first choice because all crypto casinos make it a payment option. Meanwhile, if someone says that certain types of coins can increase the chances of winning, I think that's just a myth because casino games don't have a system that regulates things like that, and sports betting won't change the odds just because players use certain types of coins unless there's a promotion, but if we have experienced winning more often with certain types of coins, it's just coincidence.
whatever type of coin is used to bet will not affect luck in gambling and using other coins is only another option when there is a problem with the network and of course most choose bitcoin because it avoids scams that have occurred like the past cases of Terra Luna.
I think this is very reasonable if someone thinks using other coins will bring good luck as usually using BTC often loses but when using USDT often wins even though it's all about luck and if lucky when using BTC I think I will experience the same victory. so we have to think realistically without having to think about the different luck of each coin because those are just alternatives

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July 24, 2023, 04:50:08 AM
 #171

Yes, crypto gamblers often check their transaction fees before depositing. You mentioned two coins with low transaction fees, Tron and Dogecoin, which are still the choice of many people to gamble with. But of course, many people still use Bitcoin for gambling, especially if the transaction fees are small and the Bitcoin value has gone up. Using Stablecoins is also acceptable, as you can choose the network you want without paying high transaction fees.
Stablecoins are more effective; we should always gamble with coins we can afford to lose, because this system is extremely dangerous and nothing is guaranteed. Perhaps there are gas fees for each deposit made for gambling; for those utilizing coins to wager, simply familiarize yourself with the system and grasp how the entire operation functions. Dogecoin and Tron are mostly utilized by gamblers to wager on casino games or sports betting. It is relatively simple to adapt to this gambling routine. We bet in order to get paid, not the other way around.

I don't believe gamblers would put too much thought into their deposit transaction fees. what kind of dangerous system do you mean?
if gamblers have Bitcoin, then they will choose Bitcoin deposit without having to convert their Bitcoin to dogecoin or TRX first before depositing. converting also requires a fee.
I placed a bet with Bitcoin. now the cost to pay is not too big. sometimes also USDT if it's really in my wallet that's what's left. maybe gamblers will take into account more withdrawal fees than deposit fees made from or to the casino.


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