No gambling today due to bitcoin high transaction fee.

[nullama]

~snip~
In my opinion, people should use altcoins even in times when Bitcoin transaction fees are normal only for convenience because they would always charge less fee when compared to Bitcoin and it sometimes is easier to keep a count of the funds if you are using a stable coin for your gambling activities. When you deposit and gamble with Bitcoin, you will only know the amount of Bitcoin that you have deposited or have left in your account, you wouldn't even know how much money in dollars you are betting if you are using Bitcoin for it.

Compared to that, if you are using a stable coin such as USDT or USDC, it would be easier for you to calculate everything because you will already be seeing the dollar value of your balance and the bets you are making, it makes it easier for you to understand everything or keep a count if you want to.

Alts are just a casino gamble really.

In the end most people will probably end up wealthier if they just simply keep Bitcoin instead of playing around with alts.

But the thing is that it's "boring" to simply stack more Bitcoin.

The typical illusion of gamblers is to buy an alt when it's low, and sell it when it's 1000X.

Only problem is that it's almost always not going to be like that, and they will end up losing 99% of their funds with those alts.

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[Synchronice]

In my opinion, people should use altcoins even in times when Bitcoin transaction fees are normal only for convenience because they would always charge less fee when compared to Bitcoin and it sometimes is easier to keep a count of the funds if you are using a stable coin for your gambling activities. When you deposit and gamble with Bitcoin, you will only know the amount of Bitcoin that you have deposited or have left in your account, you wouldn't even know how much money in dollars you are betting if you are using Bitcoin for it.

Compared to that, if you are using a stable coin such as USDT or USDC, it would be easier for you to calculate everything because you will already be seeing the dollar value of your balance and the bets you are making, it makes it easier for you to understand everything or keep a count if you want to.

Bitcoin for gambling has one cool feature and it's volatility. You might deposit $1000 worth of Bitcoins, maybe lose $200 but you wake up and next day you still have $1000 worth coins thanks to price increase. The opposite can happen too but let's hope for the best Many people count in Bitcoins instead of dollar value, so it's still a good way to gamble for them.
By the way, when you gamble with USDT or USDC, can you bet as low as 0.00000001 BTC? I mean, 0.00057 USDC for example?
I personally suggest every casino to implement built-in crypto exchange that will help customers to exchange altcoins to alt/BTC and opposite with reasonable rate. This will help customers to deposit in altcoins, gamble in Bitcoin and then withdraw in altcoins to finally get their money without paying ridiculous transaction fees.

[joniboini]

I personally suggest every casino to implement built-in crypto exchange that will help customers to exchange altcoins to alt/BTC and opposite with reasonable rate. This will help customers to deposit in altcoins, gamble in Bitcoin and then withdraw in altcoins to finally get their money without paying ridiculous transaction fees.

I think that requires a lot of work since you're basically functioning as an exchange at that point. They will require another license depending on where they're registered, and I'm sure the cost to get one is probably not worth it. It adds another layer of security issues that have been proven to be difficult to solve by bigger companies. Asking for more convenience is a bit much IMO, considering how many alternatives the user can do to find lower cost. On the other hand, I do agree that adding something like Lightning Network is an acceptable request.

[swogerino]

I think that is no longer the case as the crypto has experienced a big dip during today and the fastest fee from the website "bitcoinfees.net" shows like 1.53 dollars to confirm in 20 minute so compared to that 120 dollars when it was when this thread started here I think we have come down quite a lot.As for alts they have really fast confirmations even during time when there is big congestion in the Bitcoin network,so for our needs we can use them in such time and still have access to all our websites that we use in crypto.

I think the stablecoins like USDT are a great choice in such events as long as you happen to have little ETH in your wallet to make transactions happen.

[uneng]

I think that is no longer the case as the crypto has experienced a big dip during today and the fastest fee from the website "bitcoinfees.net" shows like 1.53 dollars to confirm in 20 minute so compared to that 120 dollars when it was when this thread started here I think we have come down quite a lot.

Yes, as people here have been saying since those news about expensive Bitcoin fees started going on, that scenario wouldn't last for a long time. Now we can see it indeed didn't last for too long, and now the fees are already pretty cheap back to the normal we have been used to. That is why people shouldn't despair for sudden FUD news which catch us by surprise. Another example is the current situation of crypto market, where prices aren't rising anymore.

It's another temporary issue, so people should just wait until things calm down once again. It's necessary to be patient and remain confident that issues may appear on the middle of the way, although their impact has only negative effects on short term, while the reward must be abundant for those who wait on the long term.

[DubemIfedigbo001]

The solution is simple, when there is a change in events, people should get smarter and companies should rise to the challenge by creating other means of depositing like USDT, ETH for now if its non existent until the transaction fees  goes down so they don't lose loyal clients in the high transaction fees saga.

Gamblers would patronize casinos that accept deposits from other crypto currencies more that this that accept only bitcoin. Its not economically sound that someone deposits $100 into the casino and pays $50 as transaction fees. Its more like intentionally losing money and myself wouldn't subscribe to such. There are alternatives and I think they should be considered for now until the pressure calms down.

[Wakate]

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

Even though the transaction fee looks very high, there are still gamblers that are ready to pay such a high fee just to make sure they keep gambling. We can as well convert the fund into other coins for us to gamble or better still convert to stable coin. Does it mean that the price of Bitcoin could stop us from gambling? There are still gamblers that would be ready to pay any fee for them to keep gambling especially when they know that the transaction fee is not going to affect them making more profits from gambling. Gambling is fun when we always get results from our gambling activities.

[Fivestar4everMVP]

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

Lol, bitcoin fees few hours after the halving was completed successfully was a crazy one, and i think it lasted for several days before it started droping, according to data from mempool.space which I was monitoring myself, the fee went as high as over 1500 sats per vbyte, which is considers as one of the highest(if not actually the highest) in the entire history of bitcoin, those who use bitcoin as an only means of deposit and withdrawals to and from online casinos possibly must have paused gambling for a day or more, or have no choice but look for alternatives with better fees.

Looking at mempool.space today, I am happy seeing that the fees have significantly reduced, the Sats per vbyte have been relatively stable around 25 and 30 for a few days now, and if everything be well, and ordinals and inscriptions don't kick in again, the fee should be down even further in the coming days and weeks..

By the way, it's important for us all to know that we are in a dynamic market, one should always have alternative means of doing anything and everything in this industry, just incase one way stops working, you are not cut out of your favorite activities.

[Mahanton]

This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

Even though the transaction fee looks very high, there are still gamblers that are ready to pay such a high fee just to make sure they keep gambling. We can as well convert the fund into other coins for us to gamble or better still convert to stable coin. Does it mean that the price of Bitcoin could stop us from gambling? There are still gamblers that would be ready to pay any fee for them to keep gambling especially when they know that the transaction fee is not going to affect them making more profits from gambling. Gambling is fun when we always get results from our gambling activities.

If you are a whale player or gambler then pretty sure there's nothing that could stop you on playing gambling on which it wont matter whether you would really be spending 10 or 20 bucks for fee
or more because that would really be that only a dust amount on the money that you are owning but of course we do know that not all would really be that a whale or something a rich person who dont really  care about the fees on which most of us are really that average gamblers or players that even with the slightest change of fees would really be giving out that kind of hesitance for you to play up.

Now that the fees had been normalized then this is where people would really be that rejoicing with the current condition on which we do really that much prefer on this way rather than on seeing those high fees which it would really be hindering us for us to play with our favorite gambling games due to this condition but well there are really times or moments that something like this.
It would really be needing up that kind of patience.

[LUCKMCFLY]

I would say that just adding other coins would be enough, it allows the casino to use some smaller fee coin or token. For example USDT is a great example at this,

Well, the things when Trying to play with other Currencies are good , the real Problem that we have in the BTC casino is that there must be a way to do or take Everything to USDT, an internal exchange even if it is only from BTC to USDT, Of course this is mostly what we have to do, if we focus on seeing that things are good, well I think that's what it says, the TRC20 network, alone, are Options that are the only ones to make any type of change, in the TRX Network is only 1 dollar, so it is something very good, of course I see this from the Point of View that it is Favorable for the Player , I don't Know how Good it is for the casinos.