I just realized that Bitcoin isn’t the best choice for gambling…

[hedgeh0g]

Yes, but I would not think about it at all and would not regret it because these are completely different things. When you place a bet, whether it is money or just bitcoins or other altcoins, it does not matter. At the moment of the bet, you decided to place a bet to try your luck and automatically converted your bitcoins into the dollar equivalent of the bet. That is, roughly speaking, you sold them. Therefore, your regrets do not make any sense and you should not think about it. It is the same as a person who has never owned bitcoins thinking that if he bought them, he would be rich now. These are all empty thoughts, the one who really wants to will buy and hold bitcoins, and the one who wants to play on them in gambling, he does it, that's all you need to know.

[nullama]

Yes, but I would not think about it at all and would not regret it because these are completely different things. When you place a bet, whether it is money or just bitcoins or other altcoins, it does not matter. At the moment of the bet, you decided to place a bet to try your luck and automatically converted your bitcoins into the dollar equivalent of the bet. That is, roughly speaking, you sold them. Therefore, your regrets do not make any sense and you should not think about it. It is the same as a person who has never owned bitcoins thinking that if he bought them, he would be rich now. These are all empty thoughts, the one who really wants to will buy and hold bitcoins, and the one who wants to play on them in gambling, he does it, that's all you need to know.

Yes, that's absolutely true.

It doesn't really matter what you use to buy something, in this case betting.

All that matters is what you save in. If you save in fiat you will be worse off than if you save in Bitcoin.

[Iranus]

~snip

So true. If they would have won and would have kept crypto, they would be over the moon with happiness, because not only they have increased their money after winning, but its value also grew. Imo if someone have regrets and they are gambling related, such person should not gamble at all or be able to accept losses. Words regret and gambling should not be in one sentence. Such people shouldnt also mess with crypto at all, because when they sell and the price goes up next day, they will start regretting again.

Yes, if the opposite happens, they use bitcoin to gamble and make money from gambling and the price of bitcoin doubles. I believe this thread will be edited to advise people to use bitcoin to gamble to make more profit instead of using fiat to gamble. They will praise the use of bitcoin for gambling and continue to criticize the use of fiat for not providing double the return since fiat does not increase in value over time like bitcoin.
In short, they will always find a way to blame fiat or maybe bitcoin, they will never admit their fault for using the money that cannot be lost for gambling or investing.

[eisen33]

Yes, but I would not think about it at all and would not regret it because these are completely different things. When you place a bet, whether it is money or just bitcoins or other altcoins, it does not matter. At the moment of the bet, you decided to place a bet to try your luck and automatically converted your bitcoins into the dollar equivalent of the bet. That is, roughly speaking, you sold them. Therefore, your regrets do not make any sense and you should not think about it. It is the same as a person who has never owned bitcoins thinking that if he bought them, he would be rich now. These are all empty thoughts, the one who really wants to will buy and hold bitcoins, and the one who wants to play on them in gambling, he does it, that's all you need to know.

Until you make a bet, the money is with you, I also don't see much difference in what your bankroll is, in bitcoins or in USDT. It seems to me that it depends on the player's preference, if he believes that it is better to keep bitcoins on the balance, then let him do it, the result will not change from this, because in gambling the only thing that matters is whether he wins or loses. There is no problem in winning a bet in USDT and then buying bitcoin for these stablecoins.

[danherbias07]

Yes, but I would not think about it at all and would not regret it because these are completely different things. When you place a bet, whether it is money or just bitcoins or other altcoins, it does not matter. At the moment of the bet, you decided to place a bet to try your luck and automatically converted your bitcoins into the dollar equivalent of the bet. That is, roughly speaking, you sold them. Therefore, your regrets do not make any sense and you should not think about it. It is the same as a person who has never owned bitcoins thinking that if he bought them, he would be rich now. These are all empty thoughts, the one who really wants to will buy and hold bitcoins, and the one who wants to play on them in gambling, he does it, that's all you need to know.

Until you make a bet, the money is with you, I also don't see much difference in what your bankroll is, in bitcoins or in USDT. It seems to me that it depends on the player's preference, if he believes that it is better to keep bitcoins on the balance, then let him do it, the result will not change from this, because in gambling the only thing that matters is whether he wins or loses. There is no problem in winning a bet in USDT and then buying bitcoin for these stablecoins.

That's actually a good idea and that didn't even cross my mind. But is Bitcoin using the winnings from stablecoins? I mean, for those who badly want more Bitcoin in their stash, this will be a win-win situation. The only problem that I see is we don't really win much in online casinos, we are almost always losing so buying Bitcoin might be a trouble.
I suggest just buying it in an exchange and then keeping it, using Bitcoin as a means to gamble is a waste because somehow the value of it will keep on growing and if we keep on losing then we are also losing a valuable asset that may someday be difficult to accumulate.

[swogerino]

If you’re gambling regularly while also investing, it’s probably smarter to use stablecoins for gambling. That way, when the bull run hits, you won’t be regretting all the Bitcoin you lost. I’ve personally lost a decent amount of Bitcoin, so yeah, it hurts a bit. Even if you set aside Bitcoin specifically for investment and gambling, it’s still Bitcoin, and its value could hit $100k soon.

Can you guys relate?

That's a wise strategy! Using stablecoins for gambling can help separate your investment portfolio from your gaming activities, minimizing potential regrets during market upswings.

It's relatable to have allocated Bitcoin for entertainment and then watched its value skyrocket. The 'what ifs' can be painful!

Do you think using stablecoins for gambling also helps with emotional detachment and responsible bankroll management?

You can use another currency in games as most games and slot providers let you choose from many currencies and you have full control over your Bitcoin and cryptocurrencies activity. I mean it is easy as most people do gamble when Bitcoin price is high like it is nowadays and right now that got back to 100.000 dollars most people can just throw 0.001 Bitcoin rather than depositing 100 dollars from their FIAT money and that is also very helpful in trying to gamble and not overdo it. I never use stablecoins or rarely do so comparing to cryptocurrencies which as I said can make you benefit from longer game play as when they are high in price they give you more dollars for the same amount of cryptocurrency, something preferred and loved by many gamblers.

[igebotz]

If you’re gambling regularly while also investing, it’s probably smarter to use stablecoins for gambling. That way, when the bull run hits, you won’t be regretting all the Bitcoin you lost. I’ve personally lost a decent amount of Bitcoin, so yeah, it hurts a bit. Even if you set aside Bitcoin specifically for investment and gambling, it’s still Bitcoin, and its value could hit $100k soon.

Can you guys relate?

It's never a good choice and would never be for me, I used to make that mistake until last year when I finally stopped making Bitcoin deposit on gambling sites and move to only using stablecoins.

The price has been really unstable the past few weeks, Imagine being on a nice x2 odd and boom Bitcoin dip and sweep all your profits ( could still go other way but...) . I'm very greedy with my odds. Hodl your Bitcoin. Gamble with Alts.