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

[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.

[1714882175]

1714882175

[retreat]

Well, my investment in Bitcoin has nothing to do with my gambling activities because I have already determined how much money I have to invest or gamble each month from my salary, so whether the price of Bitcoin goes up or down, the amount I gamble remains the same. just.
However, at some times I reduced my gambling intensity to invest more in Bitcoin, for example when the price of Bitcoin fell some time ago, I diverted some of the money that I should have deposited into my gambling account to buy Bitcoin.

[Japinat]

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 would be fine regardless of the price of Bitcoin because when I'm gambling, I separate my Bitcoin for that purpose only, and the rest is for investment.

However, recently, the transaction fees have been very high, so it has a big impact on me. I can't gamble anytime I want; I just have to wait until the transaction fees become more affordable. As of now, it's still not affordable, with transaction fees as high as $5. I'm not a high roller, so this really affects me.

[leonair]

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.

People who gamble always focus on how much they can win. And gamblers never hold bitcoins on their gambling sites. a gambler's target is only to place a potential bet. So I agree with you that Bitcoin price increase will not bring any change in gambling habit.  But the change will bring those holding Bitcoin. So neither pumping nor dumping the price of Bitcoin will bring any change in gambling habits. Meanwhile, I always gamble against the dollar, so it doesn't matter to me whether the price of Bitcoin is pumped or dumped when it comes to gambling.

[Hypnosis00]

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.

People who gamble always focus on how much they can win. And gamblers never hold bitcoins on their gambling sites. a gambler's target is only to place a potential bet. So I agree with you that Bitcoin price increase will not bring any change in gambling habit.  But the change will bring those holding Bitcoin. So neither pumping nor dumping the price of Bitcoin will bring any change in gambling habits. Meanwhile, I always gamble against the dollar, so it doesn't matter to me whether the price of Bitcoin is pumped or dumped when it comes to gambling.

There's still a little change, I think, because if you own Bitcoin and you are just using it bit by bit to gamble, you might sometimes feel that if you lose your Bitcoin, you are also losing the opportunity to see it increase in value due to the bullish movement of Bitcoin. As a gambler and investor at the same time, it's important to ensure we treat what we are doing differently, and that would only happen if we are not greedy to make quick profit.

[piebeyb]

I don't think there will be any influence because I don't use BTC for gambling, after all not many people want to gamble with their BTC or crypto, on average they use stablecoins more often so it's easier to use because it won't be like crypto which can be worth some time , so prefer to keep crypto as their investment rather than as a means for gambling.

But even so, there are still some people who might still use BTC if the price increases of course they are also interested in multiplying their BTC from the gambling they do in casinos, usually the higher the price of the crypto they use the higher the risk of losing its value, I personally don't Doing so does not even recommend novice gamblers to use crypto in gambling when the crypto market is bullish. 

[alastantiger]

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.

You have raised very key points which I agree with. I am less concerned about the price of Bitcoin and my gambling habit rather I am more concerned about not exceeding my gambling budget whether I am using bitcoin or not. Because of the unstable nature of Bitcoin I always take caution when using it for gambling. Solid altcoins are the best alternative. I rarely use fiat.

[rojan]

People who gamble always focus on how much they can win. And gamblers never hold bitcoins on their gambling sites. a gambler's target is only to place a potential bet. So I agree with you that Bitcoin price increase will not bring any change in gambling habit.  But the change will bring those holding Bitcoin. So neither pumping nor dumping the price of Bitcoin will bring any change in gambling habits. Meanwhile, I always gamble against the dollar, so it doesn't matter to me whether the price of Bitcoin is pumped or dumped when it comes to gambling.

Yes people who gamble never hold bitcoins on gambling sites. People who gamble regularly don't think it has anything to do with Bitcoin price going up. People who gamble regularly think about how they can win gambling. A gambler then Bitcoin price goes up.  Will think about when he appoints Bitcoin B. Also, no one seems to think about this issue. But now the Bitcoin market is going very well.

[Lida93]

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.

You are correct about this it's only gamblers like us that gamble less often that will be  worried about bitcoin price and their gambling going by how every bitcoin they lose they would be thinking of how much profit they could have made from it with bitcoin price rising in future. But a true gambler, one who have soaked himself to gambling care less or nothing about the price of bitcoin when he wants to gamble.

Technically it's with polls of this nature that we get to know who the true gamblers are, differentiating the boys from the men when we talk gambling though those that are struggling with gambling addiction should consider themselves as core gamblers because a core gambler should know better how to be in charge of his response-ability in gambling. Anything out of the equation you're just part of the problem to the negative aspersions from society about gamble.

[Fivestar4everMVP]

The truth for me is that, I do not gamble or play gambling bitcoin, and even if I have bitcoin and do not have other coins, I will simply convert my bitcoin to any other coin I wish to play gambling with, which most of the time is always usdt.

I like playing gambling with stable coins only as they enable me to effectively and easily calculate and know the actual amount of money I spent gambling, and also helps me know my actual profit - in terms of winning, and my actual loss - in terms of losses.

Bitcoin is for investment only, so I prefer gambling with other cheaper coins, like trx, Shiba, doge etc, but Iike I already said before, I mostly use stablecoins like usdt.

[Solosanz]

If my coins is still stay inside the casino, there's be no difference.

But if I don't have any coins in my account which I need to send from my wallet, I will choose to use other coin/token since when Bitcoin price increasing, the mempool is congested and I need to pay higher fee which isn't effective.

[Gozie51]

People who gamble always focus on how much they can win. And gamblers never hold bitcoins on their gambling sites. a gambler's target is only to place a potential bet. So I agree with you that Bitcoin price increase will not bring any change in gambling habit.  But the change will bring those holding Bitcoin. So neither pumping nor dumping the price of Bitcoin will bring any change in gambling habits. Meanwhile, I always gamble against the dollar, so it doesn't matter to me whether the price of Bitcoin is pumped or dumped when it comes to gambling.

Yeah it really don't matter for those who gamble with bitcoin on how much the coin can pump or dump because it also get back to them in same value as it has left there wallet incase they win.

I think they only bother about two things when using bitcoin and that is how to win the bet.

Another thing that could bother them is how much fees they will be charged when the mempool is full in traffic or congestion.

[348Judah]

Bitcoin should not be the measure to determine our gambling habits, our personal behaviours doesn't have anything to do with bitcoin price, when the market rises, we gain and this doesn't determine the state of our personal behaviours, there are some things we need to work out for ourselves, maybe some may disclose that they don't gamble when the market price is dip and that has nothing to do with their gambling behavior as well.

[wiss19]

First of all, I'm not playing using a BTC but I use only altcoins and some times stable coins ( the ones that has a cheap fee ) eg on Tron, Polygon and Binance network, so therefore I am no way affected of whatever the BTC is doing. Whether it's price rise or decline, my gambling sessions are always be the same but it may depend only on my budget.

We all have a hard time when it comes to budget like we are limited of it, for some reasons. That is only going to be the time that I can limit my self playing for a while to prioritize my other expenses which are more important than in gambling. I'm aware that the BTC fees have sky rocketed lately. May be this is the reason on why you @OP ask this, as you are curious if those BTC users still continue playing as usual. If they are a whale gambler, definitely but if they are only a small-time gambler. Maybe they are affected.

[BitcoinTurk]

Bitcoin's price movements are not very important for my gambling pattern because I gamble for pleasure at regular intervals not depending on the price. When the Bitcoin price moves upwards it only has the following effect;

I spend less Bitcoin for my bet amount that I set in USD and I spend my Bitcoin balance in a lower amount for gambling. Even though I place bets with low amounts, in some cases it causes me to spend noticeably less in Bitcoin. Additionally, Bitcoin transfer fees increase in such cases (price increases) which in some cases has the effect of not using my Bitcoin balance for gambling. However, as I mentioned possible price changes depending on the Bitcoin price don't cause me to give up my desire to gamble or postpone it for later.

[redsun114]

Well, my investment in Bitcoin has nothing to do with my gambling activities because I have already determined how much money I have to invest or gamble each month from my salary, so whether the price of Bitcoin goes up or down, the amount I gamble remains the same. just.
However, at some times I reduced my gambling intensity to invest more in Bitcoin, for example when the price of Bitcoin fell some time ago, I diverted some of the money that I should have deposited into my gambling account to buy Bitcoin.

The question is basically directed at the gamblers that use Bitcoins for their gambling activities which is why the price of Bitcoin can impact their gambling. If Bitcoin's price is $20k and you are spending 0.1 BTC in gambling in a month, it means you are spending $2k, but if the price of Bitcoin goes up to $30k or even $40k, the same amount of Bitcoins will have a different and higher value, or if the price drops, it will have a lower value which will obviously have some effect on your gambling activities.

This is the reason why I believe a gambler shouldn't use cryptocurrencies that are volatile for their gambling activities because it can be costly. If you lose 0.1 BTC when its priced at $30k, and after a month, it goes to $60k, you will regret doing that because if you didn't do that, you could have double of what you had spent on gambling. It is also difficult to keep a count of the bets and how much one has won and lost, using stablecoins for gambling is better for this reason.

[goxcraft]

Nothing!!! Just nothing.

The amount I used to gamble remained the same despite the price of BTC or any other crypto currencies. My gabling activity and bitcoin prices are two different things. You can mix them. The value remains the same. I have a strict money management rule and a limit of my gambling activity. That means, after a certain amount I won't gamble even if there were a chance to big won. I won't go over my budget. I only gamble what I can efford to loos not what I can win. So yes, BTC has nothing to do with my gambling.

[Fortify]

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 .... )

Bitcoin has had quite a few periods of stability lately, where it has stayed in a certain range for weeks on end, so if I was just gambling with money earned during a particular week then it wouldn't make much difference. However if you have a big sum of money stored in a wallet that has increased in value substantially over the last few months, since it bottomed out around 16k, then you might find that taking it out has easily doubled your money without having to risk anything at all. Ideally though, you should be gambling with units of currency that have a pretty consistent baseline value and are not susceptible to massive spikes or busts, because gambling is hard enough without that element of uncertainty.

[Jemzx00]

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?

As much as I want to say nothing just like anybody else but I can't. The amount of bitcoin or crypto we mostly gamble varies depending on it's value on the market, it's also the reason why the amount of bitcoin being gambled from when I started gambling way back around 2016 isn't the same when gambling right now.  Let's just say I used to play dice with every bet being around 1-0.5mbtc before which isn't that significant amount at that time but if you compare it to today's market and value, there's a high difference.

[FanEagle]

I would say when BTC is up, I make more money, because I have more money, I gamble more. That has been the case for a long time but I am not talking about smaller increases like we had right now. Like going from 25k to 35k is not what I need for a lot more gambling, I end up gambling in situations where it is more like where they end up with much higher increases, like if we go above ATH again, and be 70k or more, then yeah I am going to end up gambling a lot more, that part is guaranteed.

I believe that the best thing to do right now should be something that we could end up having a great return to, that has to be something that we need to care about. I believe that we can't really make it change all that vastly though, it is just a little higher.