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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)
stomachgrowls
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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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