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

[BIT-BENDER]

When you say double your profit when Bitcoin rise again I think you are exaggerating because before you can double your winnings the price of Bitcoin has to first double from its present price meaning let's say the price of Bitcoin is $55k it would need to go to $110k before you can double.

So don't think much of the price just hope you play a good game and win

[coolcoinz]

Value is a much broader concept than price, so I'd call it changing price, not changing value.
The value of bitcoin grows at a steady pace, but price fluctuates because it's only a representation of value.

Anyway, it doesn't affect my much. I usually focus on saving more in a bear market and spending in a bull market, but prices going up or down by 10% is like nothing to me, as long as we continue to be in a long term bull or bear markets. At this time we're in bull and it doesn't really matter if the price is 55 or 65k, it's still not 30k, so we're in a bullish period.

[ajiz138]

I deposit more than $10,000 then it will affect the gambling decision because the price fluctuations will greatly affect it if the deposited amount is large but if the amount is small why should it affect the gambling decision? It doesn't matter at all because I don't think the price change will be significant, especially if you deposit under $20.
It's simple really, if it's enough to make you nervous for fear of the price dropping with BTC deposits to casinos then use stablecoin deposits so you won't think anymore about this gambling decision just like gambling with fiat.

[Wakate]

True gamblers may not be affected by Bitcoin or crypto price conditions, especially if they are reluctant to use Bitcoin because they feel uncomfortable with the price, They can still use stablecoins or also use fiat to keep gambling, and I would prefer stablecoins while never using fiat in gambling so far, and actually with enough crypto choices it doesn't really matter anymore.

Gamblers do have different options for deposits which I don't think all gamblers would be affected by the price of volatile coins like Bitcoin and others that do diminish when the price of Bitcoin eventually falls. I do prefer stable coins for gambling most time so that I don't get hooked at the middle while try to bet and noticing that my bankroll has been severely affected by the price of Bitcoin. Most of the casinos also do have the option of depositing with local currency so that gamblers would have enough options to select from without any restrictions or obstacles when it comes to making deposits.

[Doan9269]

I don't have to worry much about the way bitcoin is being volatile because as it has the ability of rising, same also appears that you can discover the drop and rise on the market price to be a benefits to you when you are holding your coin on the casino wallet, and i don't think this by any way have to affect our decision for using a particular platform to gamble as long as we are having our gambling account being funded.

[Hamphser]

All of us is pretty aware on how Bitcoins price do moves in the first place and if you do find yourself that being affected into its movement then it will really be that making some
effect on the way that you do deal up with something but in speaking about on doing gambling then it would really be impossible that you wont really be able to think up well on how you
would really be playing up on having this kind of impression. If you are really that not liking on wasting up your money in gambling then you wont really be considering on taking up
such action but rather you would really be playing on making use of fiat because you dont really just like on using up Bitcoin because of its changing value. Well we do have our own
choices when it comes into this aspect though.

[OgNasty]

I don’t think that day to day movements of crypto should really have an effect on any gambler’s view of their bankroll. Maybe if you forgot some BTC on a gambling site for a few years and now it is a massive sum of money, then you might want to withdraw. These moves of 10% here and there really shouldn’t have an effect, in my opinion.

[Fivestar4everMVP]

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

And this is exactly the reason why I don't do my gambling with volatile crypto assets, I only gamble with stable coins, this not only removes the fear of what it could be worth in the future when the price rises and I probably have lost it all, but this also helps me to accurately keeps tabs with my gambling progress, like keeping record of all my gambling loss and wins in dollars.

I stopped using bitcoin, or any other crypto assets who's price is volatile; for gambling purposes a long time ego after I lost around 0.05 bitcoin to gambling when this number was still worth around $30 way back 2016 or so, but today, this is over $2000 we are talking about, this is why I decide to only gamble with stable coins.

[Antotena]

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

It can actually but this depend on how volatile the market is sometime. Actually, I don't gamble with Bitcoin that much and not because I don't like it but because of the high fees but it has come down since the mempool isn't always full like when the network is too busy. Usdt is what I have used and fiats but if Bitcoin is too volatile, I will stop it, I will gamble in stable coin and get paid in stablecoin and buy Bitcoin later if I so wish to buy when the price is low.

It can only be beneficial to gamble with Bitcoin when the price is low, more like in Beer market because even the casino are smart, this is the time they also scoop and hide Bitcoin, so they can double the value of my their own stack Bitcoin from the customers because they can make 4-5x of what they collected from customers that has lost their Bitcoin.

[Zoomic]

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

I have never used a crypto casino before. Gambling is a risky activity already, using crypto to gamble makes it even riskier. I do not think I will use a casino that allows gamblers to gamble in crypto only. If I decide to start gambling with crypto, my choice of casino to gamble with will be determined by the current price of the actual crypto I'm gambling with, compared to the value in FIAT. I will choose to gamble with crypto when there is a price drop and gamble with FIAT when the price of crypto is high, or I will gamble with any of the currencies (whether Crypto or FIAT) that will be less expensive for me to gamble with.

When it come to risks taking as a gambler, I am more a risk averse gambler. The crypto price fluctuations will definitely influence my choices in gambling.

[HelliumZ]

Of course the drop in bitcoin value has a huge impact on my gambling especially when the bitcoin value goes down I refrain myself from doing any kind of bitcoin trading, gambling.
Usually if I bet on a bearish bitcoin market if I lose it will definitely have a huge impact on my balance which is why I refrain from gambling on bloody markets.
But if the Bitcoin market goes down, I also bet with the converted USDT in advance, where there is no effect even if the Bitcoin market goes down.

[freedomgo]

When you are gambling, it's better to just focus on winning rather than thinking about the value of Bitcoin or whatever cryptocurrency you are using, because the value is volatile and it could increase or decrease suddenly. If we were good at predicting when the value will rise, then it might be better to focus on trading, as that could give you a better chance of being profitable.

As for me, if I think I could profit from gambling, I'll make sure to use a stablecoin to ensure that my performance in gambling won't be affected by sudden price movements. It's very frustrating, especially when you are winning but see that the value of your coins is dropping.

[GeorgeJohn]

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

Gambling is meant for rich people, from initial people that talks about gambling often are rich men and they use gambling as a means of relaxation and entertainment which its quite obvious to people who knows what am talking, but today we uses gambling as a source of generating revenue, so I believe that gambling has to do with precaution, so anything we are doing in gambling we have to take precaution knowing that gambling is not meant for average people or people who can't take a three square meal in a day, basically gambling is for rich people and that's while they don't get addicted in gambling or get depressed whenever they lose in gambling, but a young adult who has no occupation will use it last funds to gamble and expect to win on the process, so that's one of the things that made them to be depressed whenever they lose in gambling, we are suppose to change narratives in gambling.

[danherbias07]

No. It's the same number whatever we do. It's just the value that increases.

My goal is to increase the number of Bitcoins that I have and just let the value increase for a long time so when it comes to gambling I don't really look at the value first before it boosts the idea to gamble it thinking that I may have more later.
1 BTC = 1 BTC. That will never change.
So when you gamble your BTC, that just means it's either you are wasting away a precious item or you are accumulating more for the future. The latter is the best result but you are gambling which means you might waste it away too.

[Fiatless]

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

For people who have a gambling budget for a week or month, the price of Bitcoin might not influence the decision to gamble since they have a particular amount they have embarked for gambling. This applies to those whose budget is fiat-based. If I had budgeted $100 worth of Bitcoin for the month's gambling activities, I wouldn't increase it because the price of Bitcoin went down or reduce it because the price went up. However, I prefer converting my gambling funds to USDT to avoid the negative effect of volatility.

Gambling is meant for rich people, from initial people that talks about gambling often are rich men and they use gambling as a means of relaxation and entertainment which its quite obvious to people who knows what am talking, but today we uses gambling as a source of generating revenue, so I believe that gambling has to do with precaution, so anything we are doing in gambling we have to take precaution knowing that gambling is not meant for average people or people who can't take a three square meal in a day, basically gambling is for rich people and that's while they don't get addicted in gambling or get depressed whenever they lose in gambling, but a young adult who has no occupation will use it last funds to gamble and expect to win on the process, so that's one of the things that made them to be depressed whenever they lose in gambling, we are suppose to change narratives in gambling.

Gambling is designed for everyone both the rich and poor. Don't you think that even the less privileged in society want to relax and have some fun? What is paramount is your ability to gamble based on your financial level. If both the rich and poor gamble with what they can afford to lose they are all responsible gamblers. But if they don't control their gambling habits, both of them would be perceived to be suffering from gambling disorder. Social class doesn't matter so much in gambling.

[TelolettOm]

Gambling is meant for rich people, from initial people that talks about gambling often are rich men and they use gambling as a means of relaxation and entertainment which its quite obvious to people who knows what am talking, but today we uses gambling as a source of generating revenue,

And this era is very different. Gambling has spread to all levels of society, even worse is the lower middle class who are the perpetrators/victims of gambling, especially online gambling. Maybe because the target of the gambling developers is different, namely to reap as much profit as possible, and the lower middle class is the easiest target to be incited to enter gambling, with the lure of jackpots that can make them rich suddenly. And they will come with a happy heart, spending their little money, and when they are addicted, they will find it very difficult to get away.

I don't know whether this research is valid or not. But in my country, even, 80% of the gamblers come from the lower middle class.

TEMPO.CO, Jakarta - Indonesia is under a state of emergency regarding online gambling. Coordinating Minister for Political, Legal, and Security Affairs, Hadi Tjahjanto, said that about 80 percent of online gamblers in the country come from the lower middle class.

Source: 80 Percent of Online Gambling Players Are Lower Middle Class

[alani123]

I think there's a divide between new and old crypto users in this matter.

Newer crypto users didn't manage to get in at good prices. They've likely even lost some money on declining prices since crypto's surge. So newer users don't tend to want to hold or use crypto that much. Maybe they've seen the benefits of gambling with crypto though as you can take bigger risks without verifying income or identity that much. So they use USDT, which isn't anywhere close to a crypto as BTC.

Older crypto users on the other hand, have increased their wealth thanks to BTC. So if the price of BTC is up, they'd feel much more comfortable to take risks with their money because they have a backup plan also.

[CryptoHeadlineNews]

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

As someone who has been into the Bitcoin investment for many years now, I don't think a slight change in the price of Bitcoin is one thing to worry me anymore, as it's obvious that's how it works, and no matter how agree or sad you are, it can never change the state of the price of a fallen Btc, hence, as an experience gamble who has been into the system, what I normally do, is to always continue my gambling process, irrespective of the price, because it's even when it's price fall that you make more profit if the price happens to skyrocket back again.

[ultrloa]

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

Maybe there are some thoughts about the price, but actually it didn't give us much worries since as long as you gamble for example using 1btc you are still fine. Those decrease is just a paper loss and bitcoin would recover into that figures once it recover.

But if people is not confident enough to use their BTC for whatever reason then much better to use stable coins since it will never fail them especially if they want stability. But most cases people want to gamble using bitcoin for the fact that they also want to try if they can gain something if the value of bitcoin rise.

Also we cannot guarantee to earn so spend only the amount you think good enough to acquire your entertainment needs. Since if you focus on the value then maybe there's instances that you gonna chase to win more because you are worried about those declines an maybe it will lead to your defeat. So focus on 1:1 Bitcoin ratio and anyone is truly fine with that cases.

[Sandra_hakeem]

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.

First of all, Bitcoin's volatility moves through an unmatchable scale - in so much frenzy that will only look strange to a crypto gambler that's inexperienced from both ends... How do you resolve this problem? If you're wagering at a flat rate of $100 on single games and only 25% is ascertained (the difference between the potential winning will be small, but is determined by the odds) how then are you making profits?

Secondly, most crypto casinos with web3 design and features also allow deposits from other alternative coins etc... so, it's safe to say that alot of gamblers on the affirmative, in reality, would prefer altcurrencies.