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

[nelson4lov]

You can't say Bitcoin isn't the best choice because choices are always going to be different for everyone. It's the same way I often see people debate about USDT-m and Coin-M margin contracts (both are futures contract) and the best ideal answer to it is that it depends on the gambler. Some people prefer to bet using a volatile crypto and take advantage of the price movements either up or down but I don't. I used to but with a different crypto: TRX.

But the goal still remains the same and that is to earn as much as you can from the books regardless of what crypto you use for betting.

[alegotardo]

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?

Nope!
The Bitcoin I earn from subscription campaigns is what gives me the pleasure of gambling.
I have made a rule to never, ever use my fiat income source for gambling, so I consider the "extra" I receive from subscription campaigns a viable source for betting. Obviously I don't use it all, I have a limit on the amount I use monthly, the rest goes to a cold-wallet.

I don't feel bad about doing this, I don't regret the amount I spend on Bitcoin because it is a controlled expense and in one way or another I also need to have fun.

In addition, I also make monthly investments in Bitcoin (not exactly regularly) from my fiat income, that is... I continue to invest and hold Bitcoin.

If I ever lose my source of income in Bitcoin, I will probably have to stop gambling and get something new.

I hope that never happens.

[finaleshot2016]

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?

Oh YA, I feel this one too sometimes. Gambling with Bitcoin is risky because every sat lost feels like double the pain during a bull run haha it's expensive. I’ve been there, seeing BTC moon after I used it for something dumb, and it stings bad like making a red pnl on my portfolio. Stablecoins are definitely the safer play since their value doesn’t fluctuate or maybe use altcoins like Solana to avoid losing major losses unlike btc. If you’re serious about investing, keep your BTC locked away and gamble with something less valuable.

[Jawhead999]

Isn't that what should be expect by people before they gamble? Bitcoin price always rise in the long run, what if Bitcoin price hit $1 Million, it's 10x than now.

If I ever lose my source of income in Bitcoin, I will probably have to stop gambling and get something new.

I hope that never happens.

No one want that to happens.

I think you will get something new which can be your side gig, so in the end you can still gambling as you trying to earn more.

But others say that they'd rather gamble with Bitcoin because of how divisible it is. If a casino allows gambling to 1 Satoshi it's an interesting way to make micro bets.

It's the same to altcoins, you can bet as low as 0.00000001, which make you bet less than Bitcoin.

[Wakate]

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?

Everything is all about choice but for me, I will prefer to use stable coins and bet because it is safer for me and I don't have to be panicking about the price of Bitcoin either going bull or going bear. This gives me a natural feelings not minding what is happening in the market.
There are still gamblers that will prefer to gamble with Bitcoin or any volatile tokens especially in this bull market when many projects are moving well. Whatsoever pattern that is good for us should be embraced, but I feel so relaxed gambling with stable coins so that don't have the feelings that my deposit is depreciating gradually.

[vs2014]

Why not use bitcoin to gamble! I can use bitcoins to gamble there is no reason to regret. It's true that the price of bitcoin fluctuates so you may be familiar with the matter. Every time you deposit money to play gambling and place bets it results in profit and loss. On the other hand, you can convert from bitcoin and to stablecoins if you want and place gambling bets with that too. The point is that you can gamble with any amount and if you win the amount will be doubled. And if you lose then you will lose money.

[AbuBhakar]

Why not use bitcoin to gamble! I can use bitcoins to gamble there is no reason to regret. It's true that the price of bitcoin fluctuates so you may be familiar with the matter. Every time you deposit money to play gambling and place bets it results in profit and loss. On the other hand, you can convert from bitcoin and to stablecoins if you want and place gambling bets with that too. The point is that you can gamble with any amount and if you win the amount will be doubled. And if you lose then you will lose money.

The point is you will never pursue holding if you keep risking your Bitcoin investment for gambling purposes. Gambling has high probability that will make you lose while using your Bitcoin that continuously growing in value is such a waste compared if you will use other money such as stablecoin and leave your Bitcoin holdings safe.

The transaction fee of Bitcoin is insanely high in some casino since they charged flat rate fee that makes it not economical to use for gambling purposes.

Stablecoin is still the best because it’s value is fixed while transaction fee is cheap either.

[Ondekinecakabilirim]

If we gamble with Bitcoin today and look at it years from now with an investor's mindset, we will undoubtedly face a huge loss. I think it's the same experience as Laszlo who paid 10,000 Bitcoins for 2 pizzas. In fact, we can even say that Laszlo had a reasonable event under the conditions of his time. But ours will not be reasonable. The idea of spending Bitcoins for a few minutes of entertainment is not a very good idea. But the gambler's mind works in a different way. They don't look at it with the mind of an investor. Gamblers gamble with everything they have.

[HONDACD125]

You can't say Bitcoin isn't the best choice because choices are always going to be different for everyone. It's the same way I often see people debate about USDT-m and Coin-M margin contracts (both are futures contract) and the best ideal answer to it is that it depends on the gambler. Some people prefer to bet using a volatile crypto and take advantage of the price movements either up or down but I don't. I used to but with a different crypto: TRX.

But the goal still remains the same and that is to earn as much as you can from the books regardless of what crypto you use for betting.

Actually, Coin-M contracts are generally riskier than USDT-M contracts due to the volatility factor. When you are trading with USDT-M contracts, you are not worried about the coin you are using for the margin but you will be more focused on the coin you are placing your trade on. So that becomes a matter of a person's risk appetite and whether someone is ready to take more risk or go with lower-risk trading.

When it comes to gambling though, it is a bit different when we talk about which cryptocurrency makes is better in general to gamble with because if you are using an unstable and volatile cryptocurrency, you are risking your money losing value within the process of your gambling, and if you win and the coin loses value, you will be sad, and if you lose and it gains value, you will be sad again.

[Mia Chloe]

Your comment is mainly about the benefits of using stable coils.  Investing in Bitcoin or other cryptocurrencies has potential as well as risks, especially when one uses it for gambling or gaming.  The advantage of using a stablecoin is that it has no direct impact on the underlying investment as it is tied to the underlying capital (USD or other fiat currencies).  Besides, it has less price volatility.

Everything that has an advantage has a disadvantage. The whole debate about the importance of crypto casinos is freedom to deposit without restrictions to a particular currency now you may not actually fancy depositing with bitcoin because of the effect of volatility but what would you then expect of people who hardly have stable coins like USDT to spend.

The idea is I've come to notice as a bitcoiner that you shouldn't be moved by price shifts after you've spent your coins. I know sometimes it's heartbreaking to spend a whole chunk shortly after a bull . Like imagine spending at 48k and now we are at 97k.

[nimogsm]

Any altcoin can also rise in price many times, just like Bitcoin itself, and this is the main phenomenon of cryptocurrencies. In order not to worry about the rise in price and lost profits, it is better to play on something stable. There is a type of players who do not think about investment value, their main task is the game and this is absolutely normal.

[Agbamoni]

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?

I can agree with what you've said so far because today I was supposed to DCA. I already bought my BTC from CEX, but I forget to send it immediately to my trust wallet. Within the space of 3 hours Bitcoin fell from 97k to 94k. I have a huge loss and my Bitcoin has been affected. What am saying in essence is that, at that period anyone getting ready to gamble in BTC and did not do it immediately before coming back the equivalent in USDT stable coin will be low. And for those as well who prefer living their wins in BTC in the casino. They are likely to be affected more since they don't like withdrawing their money from the casino.

[Etranger]

Why not use bitcoin to gamble! I can use bitcoins to gamble there is no reason to regret. It's true that the price of bitcoin fluctuates so you may be familiar with the matter. Every time you deposit money to play gambling and place bets it results in profit and loss. On the other hand, you can convert from bitcoin and to stablecoins if you want and place gambling bets with that too. The point is that you can gamble with any amount and if you win the amount will be doubled. And if you lose then you will lose money.

I think Bitcoin itself is a valuable enough asset to risk it for gambling. And it's not so much its growing nature, but that it is a limited resource, which is becoming less and less. It is better to risk something less valuable, and something that is easier to replenish. In my understanding, these are fiat money and stablecoins.

[GxSTxV]

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?

I can definitely relate to what you said. On one hand it’s convenient to use Bitcoin in gambling as I personally did it before, but on the other hand, the thought of spending or losing Bitcoin that could potentially go higher in value is painful especially these days. I learned my lesson the hard way too losing Bitcoin back when its price was much lower than today. Looking back I wish I just held onto it, probably I would save couple thousands.

Now, I agree with you, stable coins are a better choice for gambling, especially if you are also investing in Bitcoin. It keeps your portfolio in Bitcoin intact for future gains while giving yourself the headache-free at the same time for gaming. Bitcoin is best kept for the long term, not for moments of having fun. With the next bull run always around, I think it’s worth being cautious about how we use our crypto. No one wants to look back and regret gambling away what could been life changing wealth or at least a worthy amount.

[AliMan]

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?

There's nothing impossible with Bitcoin these days, several platforms trusted this crypto ever since from the time it was created. Gambling investment and other related stuff with crypto has a strong impact with respect to earning money. Though sometimes most people view gambling to a negative effects, but only for those who can't control gambling in their extreme activities. But with Bitcoin as primary gambling investment, well that's the smartest ways to roll your money when you see it as better future for your funds as well.

[satscraper]

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?

Put aside your regret. Bitcoin is designed to support  the people activity  i^{including  gambling} rather than lie idle in expectation of $100K.  It might have been worse using  stablecoins at those moment as the your gambling opt   might be subsequently changed   resulting in the loss, ^{the thinking goes, all for the best. To imagine yourself as a person who could be rich is not the same thing as being that person.}.

[Koadharber]

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?

There's nothing impossible with Bitcoin these days, several platforms trusted this crypto ever since from the time it was created. Gambling investment and other related stuff with crypto has a strong impact with respect to earning money. Though sometimes most people view gambling to a negative effects, but only for those who can't control gambling in their extreme activities. But with Bitcoin as primary gambling investment, well that's the smartest ways to roll your money when you see it as better future for your funds as well.

If we do really just that tried out to look up on what Bitcoin is all about then it will really be that pertaining about payment option or simply when it comes to utility then it cant be denied that it is really that a waste
if you would really be keep on using up Bitcoin directly yet we do know that when it comes to potential price increase or into its value keeps going up then you will really be having those regrets that you have that able to spend up into those coins and wasted it up on which instead that you could make use with fiat. One of the things that makes people do accumulate Bitcoin as much as they could because of the potential
that it do really gives out on the time or moment that it will really be having that price appreciation over time. Although not all the time yet market do make out some corrections too.
The key on here is that you do make use of the amount on which it is really just that intended for gambling so that incase you do lose then you wont be having that sense of regret into the decisions you had made.

[Ziskinberg]

There's nothing impossible with Bitcoin these days, several platforms trusted this crypto ever since from the time it was created. Gambling investment and other related stuff with crypto has a strong impact with respect to earning money. Though sometimes most people view gambling to a negative effects, but only for those who can't control gambling in their extreme activities. But with Bitcoin as primary gambling investment, well that's the smartest ways to roll your money when you see it as better future for your funds as well.

Gambling investment? That’s not the point here. We’re talking about Bitcoin, which is supposed to be for investment, being used for gambling. In moments like this, when the market is super bullish, we sometimes regret risking our Bitcoin on bets instead of just holding it to enjoy the bull run. That’s the mindset if we don’t treat Bitcoin as just a currency while gambling.

[Solosanz]

For me, Bitcoin isn't the best choice for gambling not because of the price will rise in the future, but it's about the network fees.

I understand the current fees is cheap enough, I only need to pay less than $1 for the fees, but now we're talking about the withdrawal fees on the casinos. Casinos often charge higher fees, current fees is $0.7, but they can charge like $17. In altcoins, the withdrawal fees can be as low as $0.01.

This is high if you're a small bettors.

[Akbarkoe]

For me, Bitcoin isn't the best choice for gambling not because of the price will rise in the future, but it's about the network fees.

I understand the current fees is cheap enough, I only need to pay less than $1 for the fees, but now we're talking about the withdrawal fees on the casinos. Casinos often charge higher fees, current fees is $0.7, but they can charge like $17. In altcoins, the withdrawal fees can be as low as $0.01.

This is high if you're a small bettors.

I agree about speaking the cost of gass fees that must be incurred when using Bitcoin, and if the thinking about gas fees according to me is not only bitcoin, sometimes ETH also has a high cost, so it is not suitable for small bettors to use the two assets to do gambling, And for me but I can't use Bitcoin because I have considered Bitcoin as an asset of the future storage of value, although it can be used to gamble I think it's like betraying myself when using Bitcoin to gamble.