Which Crypto coin Do You Gamble with the Most?

[Kakmakr]

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"  

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[adzino]

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.

[piebeyb]

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

[len01]

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.

[Bitinity]

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).

[Wakate]

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"  

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.

[Doan9269]

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.

[Eureka_07]

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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.

[Rabata]

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.

[aioc]

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.

[Taskford]

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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.

[maydna]

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.

[passwordnow]

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.

[Solosanz]

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.

[Eternad]

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.

[Queentoshi]

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.

[el kaka22]

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.

[Huppercase]

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.

[Fivestar4everMVP]

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.

[Jating]

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.