Does the changing value of BTC affect your decision to gamble in crypto casinos?

[shanz]

Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why

[Charles-Tim]

I can not think of it at all. I am just gambling with a tiny amount of money that I earn weekly. The last time that I bet which was last week on two matches in Portuguese league, I first use almost but not up to 4% of the money that I earned that week. The second match was with less than 2.2% of the money that I earned that weekly. I do not think of it at all because I bet with just tiny amount that I can afford to lose.

[Upgrade00]

No, changing value of BTC has never been a factor for me in gambling. You need to be staking on games that takes days or weeks to be settled for the change in price to matter much if you're expecting to profit from increase in the price of your potential winnings.

I play on many casinos which fixes amount in any centralized currency of your choice so market volatility doesn't matter

[Adbitco]

BTC price has nothing to do with your gambling decision or when to gamble or and not to gamble, the main thing is that if you are using bitcoin to gamble then inside the casino it's only considering bitcoin and nothing much, for example. If you are staking with 0.0005BTC the value doesn't change when you win it only adds additional satoshi to you but it would only reflect in dollar equivalent when the price is up otherwise it still remains and nothing changes but the dollar price decrease while your satoshi never reduce or added.

[Coin_trader]

For me yes since I usually DCA whenever Bitcoin dump hard which means all my Stablecoins will be converted to Bitcoin and other altcoins so I’m obligated to play ing Bitcoin and other currencies but usually Bitcoin.

My aim is to increase my Bitcoin quantity holding through gambling and at the same time holding it until it will grow in price. It’s very rare for me to not gamble in Bitcoin when the price is down because I’m always aiming for double profit when I win in the casino and at the same time Bitcoin price grow.

Although my frequency on gambling is not changed but rather the currency type that I’m using is the one being affected.

[FatFork]

Nope. Bitcoin's price dropping gives me pause about gambling.  While the potential to double my money seems enticing, I've learned the hard way that chasing losses rarely pans out well.  When things are already risky, adding gambling to the mix feels like asking for trouble. 

Sure, I enjoy the occasional gambling session when I have some disposable funds.  But gambling with my Bitcoin investments would keep me up at night worrying.  With so much uncertainty around Id rather not add more. Maybe I'm missing out on a chance to make a quick buck.  Yet I know from experience, one loss could tempt me to throw good money after bad, trying to break even.  Peace of mind is worth more to me.

[Charles-Tim]

You need to be staking on games that takes days or weeks to be settled for the change in price to matter much if you're expecting to profit from increase in the price of your potential winnings.

Just like the United States presidential election. On Stake, to bet on the election is there but it still remain some months before the election day. Also another one are the outrights on bookies. I do not see it having any effect on me but I have noticed someone that posted about something like this on this forum recently about the United States presidential election. Maybe I think like this because of how bitcoin price is now. Maybe if the price is very low already, I may think otherwise. Sometimes I convert the coin to USDT to bet and if I win, I convert the coin back to BTC.

[Hatchy]

Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why

My question is that's do you gamble with BTC? Because that the only time you can be worry about your gambling activities. BTC price doesn't actually affect your gambling in any way. If you have some goals you want to complete with your gambling profits like buy BTC during the dips, then you should or must to prepare the funds before the dips so you don't miss the buy opportunities. Don't force yourself into any bets or games just because you want to rush a make quick profits to buy BTC. You might be taking big risk and loss so much.

[seoincorporation]

This is something similar to chasing the loss. And that's exactly what happens with Bitcoin and cryptos. When the price goes down some user feels like they are losing, and they want to recover, that's why they deposit on casinos to try to recover the amount they used to have.

I mean, not all gamblers act like that, but if you look at the casino statistics, you will see more gamblers when the price moves down than when the price moves up.

[panjul07]

Frankly speaking, no matter how volatile bitcoin is, it does not really affect my gambling activity in crypto casino because of 2 reasons as below:

• I have gambling budget limit which is based on my own local currency IDR or sometime USD, so I wont spend more than my own gambling budget as I can manage it easily if I use IDR/USD no matter how much is the price of bitcoin when I want to buy it
• My main reason is I do not really use bitcoin when it comes to gambling because I like to use altcoin such as TRX,LTC, DOGE or USDT

What affects my gambling activity when I have to use bitcoin is when the transaction fee is too expensive because it may cost me too much or even more than my initial budget.

[Oluwa-btc]

BTC price has nothing to do with your gambling decision or when to gamble or and not to gamble, the main thing is that if you are using bitcoin to gamble then inside the casino it's only considering bitcoin and nothing much, for example. If you are staking with 0.0005BTC the value doesn't change when you win it only adds additional satoshi to you but it would only reflect in dollar equivalent when the price is up otherwise it still remains and nothing changes but the dollar price decrease while your satoshi never reduce or added.

Yeah I don't think anything should alter one's choices or decisions of gambling,be it the rise in BTC or not you can still gamble at your leisure time provided your spending the amount you can afford to lose.
So it shouldn't be because price of BTC is high you can't gamble and all that,just know it's the fun you get.

For me nothing changes my decision of gambling with  BTC in crypto casinos cause I know for sure that I don't do that on daily basis,instead of using my BTC to gamble in casinos I preferred it being invested in anything that'll generate more for me,cause gambling in the casinos with it and just as the price increase nothing is added to your BTC so why i don't see a big deal in it cause if I decide to gamble with it amidst the high in price and all that I gamble at my lowest.

[Frankolala]

Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why

If bitcoin dips or pump, it is still the same when you are gambling because you are gambling based on the current price of bitcoin. The price of bitcoin does not affect my gambling activities because I don't see any disadvantage in gambling with bitcoin at whatever price it is.

I use more of USDT when gambling because the price is stable and I don't have to think about the price of bitcoin or how much that I intend using to gamble since I already have set a gamble budget for myself.

[mirakal]

How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why

The fluctuating price of bitcoin is not really a big deal for me. We are not trading, which is certainly a trade factor, but we are gambling, where we put our bets without thinking about the value of bitcoin in the market. It is different when fees are higher, quite making me pause waiting to drop, but when it comes to gambling, it is a different approach. This is not a difficult thing when you are gambling occasionally and are just having fun, as there is no pressure that urges you to gamble.

I was an addicted gambler, which is why I don't feel the impact of it. Maybe if the price of bitcoin is too high, that might give a reason to keep it rather than use it for gambling. 

[Wapfika]

Not really. I have budget dedicated for gambling regardless of the price of Bitcoin while I have separated budget for investments and trading that’s why everything is normal for me when it comes to gambling.

I consider gambling as pure entertainment and not related to invested or some sort that can gain profit so the price action on Bitcoin really doesn’t matter.

I think those Bitcoin maximalist that involves on gambling can be affected since they might want to recover some of there losses by gambling their Bitcoin.

[Adbitco]

BTC price has nothing to do with your gambling decision or when to gamble or and not to gamble, the main thing is that if you are using bitcoin to gamble then inside the casino it's only considering bitcoin and nothing much, for example. If you are staking with 0.0005BTC the value doesn't change when you win it only adds additional satoshi to you but it would only reflect in dollar equivalent when the price is up otherwise it still remains and nothing changes but the dollar price decrease while your satoshi never reduce or added.

Yeah I don't think anything should alter one's choices or decisions of gambling,be it the rise in BTC or not you can still gamble at your leisure time provided your spending the amount you can afford to lose.
So it shouldn't be because price of BTC is high you can't gamble and all that,just know it's the fun you get.

For me nothing changes my decision of gambling with  BTC in crypto casinos cause I know for sure that I don't do that on daily basis,instead of using my BTC to gamble in casinos I preferred it being invested in anything that'll generate more for me,cause gambling in the casinos with it and just as the price increase nothing is added to your BTC so why i don't see a big deal in it cause if I decide to gamble with it amidst the high in price and all that I gamble at my lowest.

Though if bitcoin increase one could decides to use fewer satoshi to gamble than when price rises but still there is no difference and it's a matter of choice whether to gamble or not. Lot of users don't sparing their bitcoin to gamble when the price seems too dip to alter it for gambling, because they felt that they are losing and of course if converting to usdt there is lost in it since you would have a stable amount on the reverse as  finite amount.

[Betwrong]

No it doesn't. Actually, it has never did. I'm trying to gamble with affordable amounts and whatever the price, I'll never be shocked too much if I lose. Besides, most casinos adjust their minimum bets to the current price, so I don't see any problem here in any case.

[YOSHIE]

Does the changing value of BTC affect your decision to gamble in crypto casinos?

Changes in the crypto market, especially Bitcoin, are not only happening now, the phenomenon of price changes has occurred earlier in previous years, I have never seen them, gamblers who influence gamblers in placing bets, in fact I see users who gamble increase sharply, due to the fluctuations that occur in the crypto market.

That's the advantage of online crypto casinos, even though crypto currency is prioritized on online gambling sites, there are still many alternative types of crypto that you can use when gambling, Even though the price of Bitcoin rises or falls, honestly I am not influenced to stop or continue gambling, I can take other alternatives to make deposits or withdrawals.

[Apocollapse]

It's really weird to see someone gamble by looking at volatility of the currency they use.

If Bitcoin price down, it means you need to risk more or gamble more in order to earn, what's the point to risk something when your money only back like when the initial price?

If Bitcoin price up, it means you don't have to risk more since you're already in profit, but some people feel discouraged to gamble because they can just sell it.

I never care with how much the unrealized profit/loss of the currency I use to gamble.

[Awaklara]

You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why

sometimes the rapid change in Bitcoin value does make my mood less comfortable. although actually, it does not affect my interest when I want to play. but usually, I postpone playing when the situation is like that.
not because of the Bitcoin value, but because of the mood that might make me act stupidly following the desire to pursue victory. but that would not mean much. anxiety sometimes comes because of wanting to follow market developments. the decline is usually related to the news. afraid of being a little behind the news.

[$crypto$]

Not at all, I don't look at the value of bitcoin fluctuations, it's a gamble so that's what's at stake after all, can the volatility of bitcoin affect gamblers? I don't think so, not many people feel it.

People deposit bitcoin in the usual down / up state they don't care about it they see in terms of betting using dollars / euros then this will remain the same, because this is not to seek profit from price volatility.