What impact does the BTC price have on your gambling habits?

[bitbollo]

Dear fellow gamblers, as title topic said, I have a question/survey for you!

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Did you play more? Did you play less? Any thought or opinion on that?
Feel free to add your answer on my survey

( I will add my answer on a second time .... )

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[rhomelmabini]

I think you've got the question on the poll wrong, check it once again. I think since half my portfolio wasn't on stablecoins anymore I think I'd play less when it comes to playing with BTC or the strong tokens, they probably worth a hold. Right now still want to play out my holdings and not that gambling on sports betting, maybe when it goes to correction again that I'll play more.

[coin-investor]

I voted nothing it's still be the same if I had $50 for my bankroll the price of Bitcoin wouldn't have an impact I would just use the $50 to wage, I think the amount that I use to play will not have an impact in my portfolio as long as I have a job to support my accumulation, although there were times that I play more when Bitcoin is going down and less when it's going down it has something to do with my job or something very important to attend to.
The price has no impact whether it goes up or down it's the circumstances in my life that will make me play less or more.

[swogerino]

Dear fellow gamblers, as title topic said, I have a question/survey for you!

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Did you play more? Did you play less? Any thought or opinion on that?
Feel free to add your answer on my survey

( I will add my answer on a second time .... )

Now that the price is dramatically increasing I can surely play more as the amount of BTC which usually in casinos is displayed in some sort of FIAT money makes me play more with the same amount so the BTC price when in increase it keeps me playing more,as simple as that.

I always love when the price increases and when I am prepared when I have BTC to play,I usually always have some sort of crypto to play as I always have a mining machine mining coins for me no matter how not effective they may be,I simply love to have coins at my disposal to play exactly during such time.

[electronicash]

i think the higher the price, the more interested a person would bet to stack some sats. because you are more confident to get after all you have some money because BTC is going to the moon.

now that you are expecting to profit from the bull run, you wouldn't be afraid to lose the little you have in your casino account. this is how i feel though. but of course i'm still controlling gambling.

[bitbollo]

I think you've got the question on the poll wrong, check it once again. I think since half my portfolio wasn't on stablecoins anymore I think I'd play less when it comes to playing with BTC or the strong tokens, they probably worth a hold. Right now still want to play out my holdings and not that gambling on sports betting, maybe when it goes to correction again that I'll play more.

hi rhomelmabini, since we are in a btc forum why it's wrong the question?
I don't care about shitcoins or shit stable coins. so yes, the poll is correct at least to me.
In this case I don't care what people do with other coins or FIAT when there is a btc price change.

[bittraffic]

Lesser I spend in gambling because holding my BTC is already a win knowing that it just touch $38k. Its gotta be fomo that makes this prices going straight up.

Maybe I will postponed betting on some matches already or stop for now with the matches that I'm not confident whether I'd win. Give more time to watch the market because it already felt like this rise had reached its peak. The real gamble is whether to sell or not.

[Litzki1990]

With the way the Bitcoin market is growing right now, it is better not to take any risk with Bitcoin. Right now if we lose some amount of BTC from our total BTC or we spend it then it is bad for us because currently Bitcoin shows a lot of hope that Bitcoin will go to a much better level in the future. I will only bet with BTC on matches that I will win and on matches that I have a low chance of winning I won't bet with BTC at all because I don't want to lose BTC at the moment. I have some virtual dollars in stock I am confused whether I should gamble with those virtual dollars or invest those virtual dollars in bitcoins. If I stop betting with Bitcoin then those virtual dollars will be useful for my betting.

[Zanab247]

I play more whenever the price of BTC is up, because it give me strength and hope to play more sports at the period above the amount of money I use to Play daily because, I know that I have some BTC to sell when the bull run start for me to recover the money back. Even, my friends in the gambling center know that once I started gambling above the amount of money I use to gamble daily, they will understand that bull season has come because that is the only thing that is making me to gamble above $4 daily.

I don't think, I will gamble above $4 during the bear run like the way some gamblers gamble anyhow in the gambling center during the bear season without thinking of tomorrow if the bull run occur but such people will regret for releasing such BTC in the bear market.

[Hirose UK]

The price of BTC is of course an important thing for us if we have it for investment, but in the crypto gambling industry the price of BTC can also provide benefits when prices increase, but this only applies to gamblers who use BTC as currency that is deposited into the casino.
The main advantage is that when gambler has certain amount of BTC still stored in the bankroll and it turns out the market price has increased then automatically the amount of BTC we have in the casino bankroll also increases and provides benefits for additional playing or betting capital.
Even though it is not recommended to save too much in the casino, I sure that every gambler will always have some left over and can use it at any time if they want to gamble.

I one of the gamblers who always uses BTC in crypto value to gamble so I have experienced profits several times when market prices increase and profits like this make me always prefer to use BTC for gambling.

Moreover, BTC also has network that is fast enough to be used for every deposit and withdrawal transaction so that I can easily make every transaction, even though the costs are relatively more expensive it is comparable to the speed that is obtained.

[Eternad]

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Bitcoin price pump makes play less since I’m more focus on holding my coin and accumulating more instead of risking it on gambling which I knew that I will just lose later on. I experienced painful lesson before when I gamble all my holdings before during bull run for a chance to earn more but the result is the opposite.

I believe regular gambler doesn’t much affected on Bitcoin price since they are only gambling what they can afford to lose while casual gambler like me typically wants every penny count.

[mindrust]

Did you play more? Did you play less? Any thought or opinion on that?

BTC price itself don't really affect my gambling habits (directly at least) but there is some else that does. It is the transaction costs. When the tx costs low, I can send btc to the casino for a cheaper price and that makes me play more frequently. It makes more sense to deposit money while the cost of making a tx is cheaper obviously. However, btc price can sometimes affect the tx costs because the higher the btc goes, the more popular it gets and the more popular it is, the more people rush to the exchanges and that drives the tx costs up. So, I can tell you I often don't like to gamble when btc is going up. In these situations btc prices affect me in a negative way indirectly.

[Hispo]

Usually an increase of the Bitcoin price translates into a decrease of my gambling activity, because I am the kind of person who would like to hold as many satoshis as possible, so I can take advantage of the bull runs ahead.
If anything, I would say I am more prone to rolling dices when the price stays stable enough and there are no many news around how the price is going up or down.
Perhaps, if I was more into centralized/decentralized stablecoins It would be easier for me not to worry too much about the price of Bitcoin and also roll dices without checking the price for months.

Anyways, It is difficult for me to imagine how an increase in the Bitcoin price could push anyone to wager more. It must be pure greed.

[Gozie51]

i think the higher the price, the more interested a person would bet to stack some sats. because you are more confident to get after all you have some money because BTC is going to the moon.

now that you are expecting to profit from the bull run, you wouldn't be afraid to lose the little you have in your casino account. this is how i feel though. but of course i'm still controlling gambling.

Moreover in the case of winning, you get paid in higher value rate than what you have used to play and that is an advantage. Like for example when you bet with 0.002 in btc when the price is at $36,000 and you won back even at 0.002 but while the price is now $40,000 because of sharp volatility. So when the winning of your bet lands in your balance as 0.002, the value will be higher than what you bet with. This is the advantage to play with btc at a higher volatility alongside other advantage you have mentioned.

[Rruchi man]

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Real and core gamblers careless about the price of Bitcoin when they want to gamble, their only concern is if they have the bitcoins to gamble with. If they have bitcoins to fund their account with, they are good to go. The passive gamblers, that is people who gamble less often like me will be concerned about the price of bitcoins because we are not used to loosing to gambling and any bitcoin we loose during a time when bitcoin is performing well will hurt very much.

[goldkingcoiner]

Dear fellow gamblers, as title topic said, I have a question/survey for you!

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Did you play more? Did you play less? Any thought or opinion on that?
Feel free to add your answer on my survey

( I will add my answer on a second time .... )

I do not think that anyone should gamble their Bitcoin away when going up or down. But we are only human and I cannot say that I have not ever gambled in my life as well...

Personally, I play more when Bitcoin is going sideways, just out of boredom. But when Bitcoin goes up, I also feel like splurging a bit, so I might gamble during ups as well. During down price movements, I feel it is better to not do anything with my Bitcoin, just because it seems like a huge waste for when it goes up again.

Although there is a psychological point which makes Bitcoin more disadvantageous to gambling, than with say, paper money. Its because all we see is a number going down or up. We do not see the physical representation of that value. Which in turn makes us more willing to spend or waste more money.

[goinmerry]

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Did you play more? Did you play less? Any thought or opinion on that?

Regardless of the BTC price, it won't affect nor have any impact on my gambling habit.

If playing on a crypto-gambling platform, in most cases, there's a feature where currency can be shown in fiat value. Therefore, you can control your bet on a fixed fiat amount whatever the current exchange rate to crypto is. Besides, gambling is gambling and I believe for most crypto-gamblers, BTC price is not really a big deal.

We have noticeably seen an increase in crypto-gamblers over a period of time. That growth alone is enough reason to believe that fluctuations in crypto price don't matter for most gamblers, either beginners, casual, average, or hardcore ones.

[mvdheuvel1983]

Nothing. Bitcoin's price doesn't have any impact on my gambling habit. What has an impact on my gambling habit is the Bitcoin transaction fee. At the moment we are experiencing high bitcoin transaction fees which is causing me trouble. The impact this has on me right now is that I no longer do deposits with Bitcoin into my casino account, what I do instead is use the usdt for funding my wallet and gambling with it.

[ryzaadit]

Nothing, it's not gonna to effect me.

The reason are because, most of cryptocurrency in (Gambling) are being used for transaction method. To send and receive as faster we want, and most of crypto-asset being deposit are credited with estimation ($) at the time you are send.

IMO, the only things is effect for us it's the transaction-time. Most the time, If cryptocurrency on bull-run we have overload transaction and is effected to credited balance.

[Casdinyard]

I'd say it has a positive feedback towards my gambling habits. Especially during 2020s when bitcoin was soaring high in value. And while I don't think it directly affects my gambling behavior really, more like it just coincides sometimes, and during 2020s people didn't have that much to do with the money and time that they have so my friends and I started gambling our time away to pass the boredom and shit. But right now that bitcoin's pumping I'm feeling a little confident in my bets, and I feel like I'd win a lot (I do win a lot or at least I am always able to secure every win I get) so this time it could be different and the recent bitcoin happenings may really have affected my gambling propensities. Whatever though.