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

[Westinhome]

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 .... )

Since we are using the crypto based gambling,the price of the bitcoin surely had their impact in the gambling.Because we are getting more dollars from the same bitcoin after the rise in the bitcoin price.So the gambler can make additional dollars for the more betting with the same bitcoin.Bitcoin alone help the crypto gambling to survive for the longer period of time.Many crypto traders was get into the gambling,so now we can able to find the traffic in the crypto gambling.Only the crypto traders can able to inverse more in the crypto gambling as compared to normal people,because the crypto traders had their potential to use their holding cryptocurrency.

[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.

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.

I mean there's an error in your grammar that's what I'm trying to say "What if you with?" Double check your question on the poll you've made. Wow, I thought your open to opinions and what I'm just emphasizing here is that I'll play with stables when BTC is going up because when BTC is becoming bullish it's just keep printing, that's my opinion and it's more relevant I guess. My opinion was more like expanding it because not all are playing with their BTC as far as I'm concern.

[Fundamentals Of]

I'm confused which option to choose, BTC Up = Play Less or BTC Down = Play More. They seem similar to me. But when using less and more, I'm referring to less or more amount rather than less or more bets or games. It's normal to increase your BTC bet if the price of Bitcoin is low and decrease it if the price is high. If you limit your bet to say $10, the equivalent of it in BTC moves up and down depending on its price. So you will also adjust your BTC bet.

But I'd rather not play with my BTC. I'd rather use altcoins.

[carlfebz2]

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.

I mean there's an error in your grammar that's what I'm trying to say "What if you with?" Wow, I thought your open to opinions and what I'm just emphasizing here is that I'll play with stables when BTC is going up because when BTC is becoming bullish it's just keep printing, that's my opinion and it's more relevant I guess. My opinion was more like expanding it because not all are playing with their BTC as far as I'm concern.

If you are that someone whose really that going for long term or having that kind of investment then spending up your coins specially Bitcoin and other top L1's into your portfolio is never been ideal.
Also, trying out to increase your holdings via gambling? Its never been that a good option to be made on. Most gamblers do make use of their balance which they dont really care about its potential
or simply when it comes to investment matter on which they would really be that hesitant if they are really that trying out to accumulate Bitcoin and now the price had rise up then for sure to those who had taken some profit would really be trying out to cash out and would be playing out and some would really be just trying out to accumulate via gambling which i could say that it is really a risky move.

Now that the price had risen up and same goes for the fees then i have made out some break first before i do tend to continue on playing gambling.It is really that something that put up
some hesitance considering that the price had increased. I do usually play basing up on USD value and doesnt mind about the satoshi value on every deposits i do made
but pretty much sure that iv'e been doing gambling in moderate manner.

[adzino]

It does have an impact of peoples gambling habit. When BTC prices starts to go up, people that have been holding the coins in their wallet starts to make "profit".  They have  got more value in their wallets without even doing anything. So yeah, it kinda tempts people to gamble more because they feel "richer" than they were before the price went up. But here's the thing, they end up betting less BTC because each coin is worth way more in fiat currency than it was before. More like, high BTC price = less coins on the table, but the actual fiat value we're playing with? That goes up.

[ralle14]

Back then, I remember playing less a couple of times because the BTC price also caused casinos to change the minimum amount for their deposit and withdrawals.

Now, I still play at more or less the same pace when there's no need for me to react to every BTC price change and it doesn't affect me as much due to some casinos that automatically convert my balance to fiat during the deposit process. I guess it still depends on the intensity of the price change when they're not all the same.

[michellee]

The price of Bitcoin rising or falling does not affect my gambling game. If the price of Bitcoin goes down, I'll switch and use stablecoins because I can deposit the same amount. But when the price of Bitcoin rose, I again deposited a number of satoshis to gamble with the same value as stablecoins. For example, I usually budget $20. That's the amount I always use in Bitcoin or stablecoins.

Playing more will only make me lose control. That's why I always limit my gambling games. I don't want to lose more because that means I will lose more money than I can afford.

But I can also not gamble when the price of Bitcoin rises or falls, especially when I have more sudden needs that need to be met. I can stop myself from doing it for some time because I don't gamble too often. But gamblers who gamble frequently will not be too affected by Bitcoin price movements. They will still gamble.
​

[Taskford]

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 .... )

It doesn't have any impact since 1 BTC still 1 BTC nothing change we can still play normally without worrying anything related to price action. But maybe for other they are counting the value since it adds up their losses if the market dump so for sure they get stress on certain condition and that could ruin their game.

So far it didn't change my gaming habits I still play according the sessions I play same as before and also I see known people do the same so for that nothing really change. But there are some factor can possibly affect since if bitcoin price pump we need to deposit more $ in value so that we can reach up to that BTC figures to use for gambling, but still depends on people since not everyone has the same mindset since this might affect those people who usually place small bets since this is the only amount they can afford.

[Litzki1990]

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.

I do the same, now I don't use bitcoins for gambling but now I use virtual dollars or USDT for gambling. Now doing anything with Bitcoin means giving a loss because the way Bitcoin is increasing in value we are paying others more for our transactions. Since there are several mediums for gambling, I like to gamble using them. Currently we are experiencing high transaction fees in Bitcoin, we have seen issues like this in the past where we had to pay $8 to $15 per transaction to trade Bitcoin. Bitcoin transaction fees are high now so I don't want to trade bitcoin now. Since I don't need to trade bitcoins much now I will trade bitcoins when bitcoin transaction fees are back to normal.

[Kakmakr]

I do not bet with Bitcoin (BTC) because it is too volatile and also too valuable for me. I collect Bitcoin (BTC) from rewards and promotions that are given by the site and I withdraw it, but I usually play with Stable coins like USDT.

I will then wait for the Bitcoin price to increase and then sell at a profit to buy some more Stable coins with those profits. (Hoarding the base amount) So I basically play with the profits from the Bitcoin (BTC) that I get for free.

Lately, I just hoard all my Bitcoin (BTC) ..because I see it is recovering and going towards the next ATH price.  

[Crypt0Gore]

I've stopped using BTC to gamble since it start recovering from it's 15k dips, my plan is to accumulate many BTC and when it comes to gambling I like using USDT for gambling, few times with Doge coin too, another reason why I don't want to use Bitcoin to gamble lately is the increase in Bitcoin transaction fee, but 1 BTC is still 1BTC anyway, depositing only what a gambler can afford to lose is still the same to me, like buying $20 worth of BTC right now, it's still $20 for the day.

Yet my mind is always on what the value of this $20 BTC will be tomorrow,  so to erase this thoughts out of my mind I now prefer to use other crypto coins for my gambling, Doge coin seem to suit my feelings way better than using Bitcoin.

I doubt that I will be changing my gambling habit for any reasons, when I feel like gambling I will always use what I can afford to lose but what I will never do is expecting to win a very high amount from gambling, I have not much hope in gambling because it's not my company that gives me daily source of income, gambling is not a safe bet for anyone.

[aioc]

Everytime, the price pump I decrease my playing session once the price pumped, every sats counts for accumulators like me, you know in gambling there is no guarantee of making money you should only play with money that you can't afford to lose but this does not mean that I will stop playing I will continue to play so now instead of playing 3 to 4 times a week I only do it twice a week now.

Gambling takes a backseat and trading takes the main seat for me those coins or tokens that are not performing well in the market now that we are in a bull are traded to top coins specifically Bitcoin.

[DabsPoorVersion]

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.

I do the same, now I don't use bitcoins for gambling but now I use virtual dollars or USDT for gambling. Now doing anything with Bitcoin means giving a loss because the way Bitcoin is increasing in value we are paying others more for our transactions. Since there are several mediums for gambling, I like to gamble using them. Currently we are experiencing high transaction fees in Bitcoin, we have seen issues like this in the past where we had to pay $8 to $15 per transaction to trade Bitcoin. Bitcoin transaction fees are high now so I don't want to trade bitcoin now. Since I don't need to trade bitcoins much now I will trade bitcoins when bitcoin transaction fees are back to normal.

The same goes for me. Due to the current market situation, USDT is more preferred by most gamblers to use in gambling than Bitcoin. As the price of Bitcoin continue to increase, probably gamblers preferred to hold their Bitcoin than risk it in gambling. Aside from that, transaction fees are too high. Also, the USDT value is determined by a 1:1 rate to USD. No overspending will happen, unlike when you use Bitcoin, the opposite may happen.  

[0t3p0t]

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 .... )

For now, the BTC price have no impact because I still have no plans to gamble. But if ever I had to gamble I think I have to spend not more than $100. Prices won't be affected since I am not into crypto gambling. I actually tried it before but I feel safe and comfortable with the fiat one.

[Die_empty]

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 usually have a gambling budget that is financed by my fiat earnings. This means that the price of bitcoin will have no influence on my gambling activities. But if my gambling account is financed by my bitcoin earnings, I will consider reducing the amount I spend on gambling because bitcoin is more profitable now and I am even searching for more means of earning more satoshis. I will not take the risk of gambling with my bitcoin when I can make more money if I keep it.

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.

Although this is beyond the scope of this discussion transaction costs will have more influence on bitcoin gamblers' behaviour than the price of bitcoin. Transferring funds to your casino account might be too expensive to consider and this could lead to the reduction of the use of bitcoin for gambling.   

[TopTort777]

Personally I have chosen "Btc UP = Play More", because when I gamble in crypto, I still mentally convert bets to USD. For example instead of betting 0.0001 BTC, I would use 5 bucks as a measurement and placed 0.00014 BTC. The higher BTC price, the higher USD my balance is. I call it like free budget. And, if a week ago I had 0.013 and it was 448 USD, and today it is a round 500, that many would withdrew (just because 500 bucks looks more solidly than curved 448 bucks), I would keep it and gambled for 50 bucks

[Gozie51]

Everytime, the price pump I decrease my playing session once the price pumped, every sats counts for accumulators like me, you know in gambling there is no guarantee of making money you should only play with money that you can't afford to lose but this does not mean that I will stop playing I will continue to play so now instead of playing 3 to 4 times a week I only do it twice a week now.

Gambling takes a backseat and trading takes the main seat for me those coins or tokens that are not performing well in the market now that we are in a bull are traded to top coins specifically Bitcoin.

But if you are good at gambling like some people claim to be profitable, then it will not matter the price pump or not because you are still going to be paid with it if you win. This is just saying that the volatility doesn't matter in gambling but you can still use usdt if you fear the pump might eat up on your btc.

On the flip side, we have to stay with what works for us. If you have found trading to be better for you and giving you more returns then stay with trading. However, I believe both are risky and if you don't have good management in both, you will see they are the same. same as losing .

[Strongkored]

I play the same, but not because of the influence of the BTC price, but because I don't have much time to bet, so the amount is the same, I could even say it has decreased, but looking at the current price changes, perhaps gamblers who still have altcoins such as stablecoins will prefer to use these coins rather than Bitcoin and the target is always the same, namely waiting for a bullish period that will provide more profits, and fortunately, crypto casinos provide different payment options so that rising or falling BTC prices will not affect players to keep playing because they can use other coins.

[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.

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.

I mean there's an error in your grammar that's what I'm trying to say "What if you with?" Wow, I thought your open to opinions and what I'm just emphasizing here is that I'll play with stables when BTC is going up because when BTC is becoming bullish it's just keep printing, that's my opinion and it's more relevant I guess. My opinion was more like expanding it because not all are playing with their BTC as far as I'm concern.

If you are that someone whose really that going for long term or having that kind of investment then spending up your coins specially Bitcoin and other top L1's into your portfolio is never been ideal.
Also, trying out to increase your holdings via gambling? Its never been that a good option to be made on. Most gamblers do make use of their balance which they dont really care about its potential
or simply when it comes to investment matter on which they would really be that hesitant if they are really that trying out to accumulate Bitcoin and now the price had rise up then for sure to those who had taken some profit would really be trying out to cash out and would be playing out and some would really be just trying out to accumulate via gambling which i could say that it is really a risky move.

Now that the price had risen up and same goes for the fees then i have made out some break first before i do tend to continue on playing gambling.It is really that something that put up
some hesitance considering that the price had increased. I do usually play basing up on USD value and doesnt mind about the satoshi value on every deposits i do made
but pretty much sure that iv'e been doing gambling in moderate manner.

That's why I said I'm not gambling up my BTC portfolio and I'm not that of a regular gambler tbh and more into trading and investment. Of course I'm not increasing it via gambling that's more risky than playing it out on some onchain investments. I'm gambling my fiats or stablecoins.

Looking for the long term, investing in Bitcoin and other top layer-1s and then gambling them away is dumb. Not smart. It's like tossing money into the wind and hoping it lands well. Most gamblers use money they don't value or respect. Gambling with your financial future is not investing

Now, for Bitcoin's price growth and fees. Your break was wise. You play by USD, not satoshi, but even minor gambling is still risky. It's a risk every single time. Understand, the house always wins. They win big and often. Gambling involves giving up your Bitcoin piece by piece. It's about investing wisely, not being hesitant. This game requires smart, strategic moves

Pure dumb and that's for sure the least I'll do. I'd rather trade it on futures with low leverage rather than gambling it off.

[davis196]

The Bitcoin price has zero impact over my gambling habits. Why are you asking this question? Does the Bitcoin price have any impact over your gambling habits? I agree with other forum members that gambling with a deflationary currency/asset like Bitcoin seems totally stupid, because the BTC price might grow in the future. That's why I usually gamble with really small amounts of BTC or with fiat/altcoins.