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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)
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

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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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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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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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