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Question: What form of payment do you most use when gambling?
BTC - 19 (32.8%)
Other crypto (incl. stables) - 29 (50%)
FIAT money (Credit cards etc.) - 10 (17.2%)
Total Voters: 58

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Author Topic: Do you use bitcoin when gambling?  (Read 599 times)
yudi09
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November 20, 2023, 05:17:33 PM
 #121

I'm making this poll to see what form of payment is the most preferred by people here. Given that gambling is a popular and practical use of bitcoin, I'm interested to see what percentage of people still have it as their preferred funding method and perhaps for what reasons.

Seeing how bitcoin's fees have gone up a lot, I would assume that with the plethora of options for cheaper transactions, people must be using other options much more. Some might even prefer to use conventional means such a debit or credit cards.
Stablecoin my choice in crypto gambling and still using the Fiat currency, not Bitcoin.
The percentage uses more stablecoin in gambling.
Not using Bitcoin not because of increasing transaction costs, but because of the Bitcoin Assets that I continue to maintain and not to be spent.

Using a credit card to make a deposit I limit. More actively using financial applications in making deposits to get stablecoin.
I limit using a credit card in gambling games to avoid addiction that has the potential for balance will be empty.

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November 20, 2023, 05:19:57 PM
 #122

I don't use bitcoins for gambling because if I lose gambling and if I lose bitcoins because of losing I think more money will be deducted from my account than the amount I will lose gambling.

And it won't be this way when you gamble using other forms of money? I don't understand your way of thinking. Are you trying to say that casinos steal from people who use bitcoin, but not others? THat casino fees are higher for bitcoin users?

I like to invest in Bitcoin but I don't like to sell or use my investment for any other purpose. Let's say I gambled and lost $100. At the time I gambled and lost $100, Bitcoin was worth $30,000. But after a few days, when the price of Bitcoin will go to 35 thousand dollars, if I calculate 100 dollars, then it will be seen that my loss is more than 100 rupees. This is how I think about Bitcoin, which is why I never gamble with Bitcoin, rather I prefer to gamble with virtual dollars. Since we have alternatives, we should always use alternatives.

But it can also be the other way round.
If you gambled in 2022 for the whole year bitcoin was going down so you started gambling at 40k and a month later it was worth 30k.
It makes no sense to always look at the trading price of your asset unless it's avaliable on exchange and you can trade it at that moment. If you're going to miss the trade anyway, don't look at the price and waste your time thinking what if because it's a waste of time.

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November 20, 2023, 05:30:46 PM
 #123

I prefer to use stable coin during bear market. I prefer to use bitcoin during bull market just like this time. I also prefer to use some altcoins during bull time like this, altcoins like litecoin and tron which are widely available on many gambling sites. I still sometimes but not common again use fiat on fiat casino. I still use all but using crypto more.
Yeah, men but have you ever have the thought of hitting the high roller using Bitcoin in a bear market?

This is the most fun part of bear market bets using Bitcoin because the reward payment will be a large amount in Bitcoin and that way, you end up accumulating more Bitcoins as your rewards, the same with minimizing your total loss amount when the loss comes, so in a bear market I prefer to use bitcoin rather than using fiat or stable coins to gamble during that time.
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