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Author Topic: No gambling today due to bitcoin high transaction fee.  (Read 1343 times)
Casdinyard
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April 21, 2024, 10:59:09 PM
 #101

Real concern over people like this who really go out of their own way to emphasize that they couldn't gamble for the day all because of high transaction fees, they couldn't access their account, or whatever instance that's stopping them from getting in on the casino and playing to their heart's content.

On one hand, I know about the fact that people can be aggravated by things like this and not be a full-blown gambling addict, frustrations come for everyone, regardless of their disposition about certain topics, gambling in particular this case. However, I just can't stop thinking and assuming that people like these who really go out of their own way to let other people know that they are frustrated and sad they can't gamble because of high transaction traffic, or maybe because their money's taking so long to post in their casino wallet's, are one bad game away from becoming gambling addicts.

Cause if it frustrates you that much, then that means you have made gambling more than just a way for you to have fun and unwind when your regular rendezvous just couldn't cut it. And when you make gambling a bigger deal than it is really, you're already halfway to becoming a gambling junkie.

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taufik123
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April 22, 2024, 05:51:18 AM
 #102

Gambling with Bitcoin is not a good idea even if the fees aren't as high as they are right now, at least I don't like it.
It's just an option or an option that you can skip if you don't like it.
And there are many other coin options if the casino platform supports more coins.

Some people who gamble use bitcoin not only to make a profit from the value of bitcoin,
but also to accumulate Bitcoin holdings in order to get more if they get winnings.

It's better if you gamble using stable coins because it makes it easier for you to keep a count if you are using a stable coin such as USDT, you will know how much you are using as the bet, how much you had, how much you have lost or won, etc., but if you are gambling with Bitcoin, it wouldn't be that easy and you will need to see the conversion of Bitcoin to USDT first to find out what you are trying to see.
USDT or any other altcoins that have a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it, but you should also choose the network where you'll send it because ERC20 is not cheap anymore.
More casinos use the Tron Network because it is cheaper and faster, Stablecoins on the Tron Network are also an option.
And some other networks are usually also available, but for ERC20 it still seems quite expensive.

Like the airbet.io Online Casino that I use,
there are around 17 Crypto Currencies including BTC, ETH, LTC, DOGE, TRX, stablecoin USDT, USDC which uses the TRX and BSC Network with cheaper fees.

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April 22, 2024, 06:35:57 AM
 #103

For gambling there may not be any problems because there are still other options such as using altcoins or stablecoins because online casinos have many payment options, if the casino where you usually play only provides Bitcoin then you can play at another trusted casino or play at a fiat casino, but if you are reluctant with this option, you can stop for a while because this crazy fee will return to normal in the future in a couple days.
We often see things like this when there are Bitcoin events and what is actually the most difficult is for people who want to use Bitcoin for online transactions and payments must be completed quickly.

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Z390
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April 22, 2024, 07:30:53 AM
 #104

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?

This shouldn't stop you from gambling, many online casinos are aware of the high trsansction fees that happen with Bitcoin at times and thats why they have other deposit options too, like Tron TRC20 and others, if you really want to gamble and all you have is BTC, kindly move to an exchange and swap to other acceptable coins. Easy as ABC

I know like 10 different online casinos on here and they accept other altnernative coins apart from Bitcoin, some are large in numbers and some are just few, gone are the days where online casinos only accept Bitcoin payment only, today we have Litecoin and Dogecoin as a plus.

As for the high transaction fee on the Bitcoin Network, it will soon fade away, since the last days I have seen $250 per transaction and it gets lower and lower everyday, today its down to $9 and that my friend is a big changes so far, you can give it time if you don't want to use other alternative coins.

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April 22, 2024, 08:06:10 AM
 #105

To be honest I dont remember when was the last time I have used Bitcoin for gambling. Even with fees were low, it took time for deposit to get confirmed by network. So instead I have used LTC or dogecoin, that are usually accepted by 99% of casinos. And btw, situation with Bitcoin and fees seems to get normalized, as whole morning I see no fees greater than 100sat, which are the same as they were 2 weeks ago.

R


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April 22, 2024, 02:36:49 PM
 #106

Real concern over people like this who really go out of their own way to emphasize that they couldn't gamble for the day all because of high transaction fees, they couldn't access their account, or whatever instance that's stopping them from getting in on the casino and playing to their heart's content.

On one hand, I know about the fact that people can be aggravated by things like this and not be a full-blown gambling addict, frustrations come for everyone, regardless of their disposition about certain topics, gambling in particular this case. However, I just can't stop thinking and assuming that people like these who really go out of their own way to let other people know that they are frustrated and sad they can't gamble because of high transaction traffic, or maybe because their money's taking so long to post in their casino wallet's, are one bad game away from becoming gambling addicts.

Cause if it frustrates you that much, then that means you have made gambling more than just a way for you to have fun and unwind when your regular rendezvous just couldn't cut it. And when you make gambling a bigger deal than it is really, you're already halfway to becoming a gambling junkie.
We are all caught up in this very net of high tx fees with the bitcoin network so it doesn't matter as gamblers who did cried out about the high fees or who else kept quiet about it. We all have our different personality trait and there are gamblers with a personality that they can't just keep quiet about this high fees with how it's affects them from gambling even when they aren't addicts. Hence, it can't be justified that they might be having some gambling addiction struggles within by virtue of them reacting to the frustration of not being able to gamble for those one or two days.

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April 22, 2024, 02:48:49 PM
 #107

For gambling there may not be any problems because there are still other options such as using altcoins or stablecoins because online casinos have many payment options, if the casino where you usually play only provides Bitcoin then you can play at another trusted casino or play at a fiat casino, but if you are reluctant with this option, you can stop for a while because this crazy fee will return to normal in the future in a couple days.
We often see things like this when there are Bitcoin events and what is actually the most difficult is for people who want to use Bitcoin for online transactions and payments must be completed quickly.

Since almost all of the gambling sites allow you to gamble with altcoins along with Bitcoin, so it is not a big deal if due to the high fee, the people will use the altcoin for gambling and do not use bitcoin for the time being. Also, I think the high transaction fee was at the time of halving but now slowly the tx fee is decreasing and currently, it is a little above the 100sat/vbyte. With the passage of time the runes hype will be over and then we shall see a low tx fee, as before.


To be honest I dont remember when was the last time I have used Bitcoin for gambling. Even with fees were low, it took time for deposit to get confirmed by network. So instead I have used LTC or dogecoin, that are usually accepted by 99% of casinos.

A lot of people prefer altcoin over bitcoin while gambling and this is a fact. Altcoins like Dogecoin, TRX or LTC take seconds to get deposited and also the tx fee is too low.


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April 22, 2024, 03:52:53 PM
 #108

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.



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April 22, 2024, 04:18:32 PM
 #109

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

I thought it would already go down to an acceptable fee but still not today.

We are still at $10 for high priority transaction and we don't want to pay that amount as a gambler. I could have already used that amount for parlay bet with at least x10 total odds, just imagine, the $10 we are burning as a fee could turn to $100 if that parlay would hit.

Though the fee is still high, I would say that i like the trend as overall it's going down, tomorrow at $5 just my guess, hope it happens.

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April 22, 2024, 04:41:14 PM
 #110

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.

No longer as expensive as few days back, but it can be still a big amount for small players who play with few tens dollar to 1 or 2hundreds dollar.
Of course there is no other ways to avoid expensive bitcoin tx fee for gambling except by using altcoins (I prefer TRX most of the time).
I myself rare to gamble using bitcoin because I prefer to hold it than using it for gambling.
If people cant afford to pay bitcoin fees (when it is expensive) but they do not want to use altcoins, simply do not gamble at all Smiley

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April 22, 2024, 04:42:33 PM
Last edit: April 22, 2024, 05:02:29 PM by AmoreJaz
 #111


I thought it would already go down to an acceptable fee but still not today.

We are still at $10 for high priority transaction and we don't want to pay that amount as a gambler. I could have already used that amount for parlay bet with at least x10 total odds, just imagine, the $10 we are burning as a fee could turn to $100 if that parlay would hit.

Though the fee is still high, I would say that i like the trend as overall it's going down, tomorrow at $5 just my guess, hope it happens.

$10 is actually bit acceptable already. Give it another week and I think this will go down significantly. On this note, maybe, pause for a while if you feel you can already bet that amount. And I can totally understand about such feeling, because I also bet small in some of the sports. For now, you can use other cheap alts if you can exchange it before sending to the online casino/bookie. There are so many ways now how to transfer alts to the gambling site.

And do remember, most of these gamblers will continue to play despite of the tx fees incurred. The gambling activities may be diminished to most small time rollers, but for high rollers, I don't think they would stop their betting owed to high tx fees.

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April 22, 2024, 04:57:01 PM
 #112

$10 is actually bit acceptable already. Give it another week and I think this will go down significantly.
Most people don't want to pay $10 for a single transaction. Even for regular transactions 120 sats/vb is quite high. Maybe you can try using the lightning network, but you still need to deposit, make channels, etc. It's probably not the best time to try LN if you don't want to spend $10 for a deposit though.

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April 22, 2024, 09:18:05 PM
 #113

USDT or any other altcoins that have a cheap transfer. Doge, LTC and even TRON are the other choices of most of the gamblers for altcoins gambling. USDT is fine because you get the actual value of it, but you should also choose the network where you'll send it because ERC20 is not cheap anymore.
More casinos use the Tron Network because it is cheaper and faster, Stablecoins on the Tron Network are also an option.
And some other networks are usually also available, but for ERC20 it still seems quite expensive.
They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.

That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.

But to the bitcoin gamblers, much better to wait until the fees become more stable.



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April 22, 2024, 09:35:34 PM
 #114

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?

The gambler who using their holding bitcoin for the transaction may get suffer from this  situation.Because the transaction fee is the additional for the gamblers to add their money to the gambling site.Mostly the gamblers convert their money to usdt or other less transaction fee cryptocurrencies.So they easy get away from the transaction fee.Mostly the gamblers will not trade their money in the gambling sites in term of the bitcoin.Because bitcoin will automatically become some multiple of itself with certain period.

Currently, it's too expensive for most Bitcoin users to fund their gambling accounts and I guess it could last until the end of the month since it started going up a few weeks ago.

It's still possible to gamble if you don't plan to withdraw those funds after playing, given there are gambling sites that'll always instantly credit Bitcoin deposits.

There's also the option of using altcoins like the others have mentioned, and it's probably the best solution to avoid fees only if you have other spare funds aside from Bitcoin.



The halving was the base reason for the increase of transaction fee,but mostly due to increased demand the price of the bitcoin will increase in the market.So the same will reflect in the transaction fee for the bitcoin transaction.The gambling site still favours the transaction of the bitcoin with less transactions fee.The transaction fee for tron,XRP and USDT are very low compared to the amount for the bitcoin transaction fee at the same moment.The gamblers may hold their valuable bitcoin for the future profit.

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April 22, 2024, 11:11:32 PM
 #115

It is nice when gambling and having your Bitcoin to stake during when the fees are low because high fees can be overriding and having someone to twice thoughts to proceed with the transactions or not.

Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.

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April 22, 2024, 11:29:54 PM
 #116

It is nice when gambling and having your Bitcoin to stake during when the fees are low because high fees can be overriding and having someone to twice thoughts to proceed with the transactions or not.

Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.

Woof, this post is a bit tough to decipher.  Sounds like you're saying low transaction fees make gambling more tempting?

But the grammar in the post makes it hard to understand. Rephrasing it with clearer sentences could help everyone get your point.

R


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April 23, 2024, 04:58:55 AM
 #117

Bitcoin fees are high and low but I would never bet with bitcoin for gambling. Because there is always high risk. Investing instead of betting bitcoin is the right decision. By investing the amount of high fees is low and there is no fear of loss. Never expect double money in gambling but long time investment in bitcoin doubles the amount. Other alternative ways to use bitcoin should be found other than gambling.

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April 23, 2024, 07:45:06 AM
 #118

It is a tricky situation with bitcoin usage for gambling. A lot of people claim that they prefer to bitcoin and wait for a higher price to sell it. And parallel those people complain about high transaction fees. Dont you find it silly when people complain about things they barely plan to use? Moreover, bitcoin has turned into an asses that makes people rich, but not an asses that is used daily for purchases. I think that people are a little bit not honest with us when they complain about transaction fees, because they dont use bitcoin in general.

R


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April 23, 2024, 07:50:28 AM
 #119

Bitcoin is not the only cryptocurrency that is been accepted by casinos, so in situations like this when the fee is high, altcoins becomes the only option for one to use in gambling. With the current value of bitcoin, it will be dumb to use bitcoin in gambling when you are transferring from your wallet. But if you have it in your casino account no problem. I use litecoin currently for whatever service that I need online.

R


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April 23, 2024, 09:12:03 AM
 #120

They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.

That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.

But to the bitcoin gamblers, much better to wait until the fees become more stable.
Tron is a pretty efficient option at the moment, but for some reason maybe people will deposit using ERC20 because their funds may be on the ERC20 network.

The more payment options it will be easier to get into gambling, this makes anyone able to play according to the option they choose.

The Bitcoin network is now congested due to a surge in transactions, but it will be stable and will also be used later.
I have also used Bitcoin several times to make deposits and withdrawals.

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