Market down, Casino volume up.

[cryptomaniac_xxx]

I reckon there is some logic to that effect but its hard to tell when we live in the shadow of the dollar.

But gamblers dont really care about such movements. They want their rush and they will do anything to get it done. Besides some handful diligent gamblers who are only doing it for killing time and having some fun. most traders will spend and continue to spend even when the BTC price goes higher up than the buying price.

Altcoins are always another option - this is why today almost every casino has altcoins available to be used as money to play with.

Yeah, but there was a time wherein everyone was really playing with BTC, as fees are cheap and even we really don't see that the price is going to shoot. And then it started to grow specially in 2017, and then we start to hold, casinos started to accept altcoins.

But still, up to this day though, if I wanted to play online, I still uses Bitcoin, maybe it's the crypto that I used to known and I doesn't want to play with any others altcoins as I don't have them anyways. So regardless if the price is 6 digits again, there will be gamblers who's going to stick with Bitcoin for gambling.

[Russlenat]

So regardless if the price is 6 digits again, there will be gamblers who's going to stick with Bitcoin for gambling.

You're absolutely right, as long as the fees are reasonable.

Not all gamblers have an investor's mindset, some just use Bitcoin purely for betting. Regardless of price fluctuations, Bitcoin remains the best gambling currency when the network isn't congested.

That said, there are now many alternatives (which is good). But if I were to use altcoins, I'd prefer stablecoins to avoid volatility concerns entirely.

[Numeral]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Those who are somehow prone to ludomania, at the moment when they lose certain material or virtual values, there is an acute desire to win back. Therefore, everything is logical, someone's assets in stocks/bonds or cryptocurrencies sagged, they start looking for options on how to get them back. And then comes the idea that you can do it with the help of gambling. And some people try to drown out their stress by gambling.

[l3pox]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Those who are somehow prone to ludomania, at the moment when they lose certain material or virtual values, there is an acute desire to win back. Therefore, everything is logical, someone's assets in stocks/bonds or cryptocurrencies sagged, they start looking for options on how to get them back. And then comes the idea that you can do it with the help of gambling. And some people try to drown out their stress by gambling.

revenge trading should be studied
it's definitely more common than we expect, people don't really talk about it, it's a bit different than mania, which is also common

One thing everybody should remember is that just because you lost doing A you don't have to make it back doing A, you can do B, C or D... many different ways to make money or restore losses

[Z_MBFM]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

This can happen for various reasons, whether someone invests in crypto or uses money for gambling, the intention in all cases is to win something big and strengthen their financial position. So when the market is down, many traders convert their investments into stable coins. And at that time they can use casino sites as their source of income. Everyone says that they use gambling only for fun, but here their intention is to win and earn money from it. Perhaps something like this can happen for these reasons. I am not sure but I can guess something like this

[uneng]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Those who are somehow prone to ludomania, at the moment when they lose certain material or virtual values, there is an acute desire to win back. Therefore, everything is logical, someone's assets in stocks/bonds or cryptocurrencies sagged, they start looking for options on how to get them back. And then comes the idea that you can do it with the help of gambling. And some people try to drown out their stress by gambling.

It could be a logical reason behind the phenomenon mentioned by OP, although I'm skeptical it could be happening in large scale, because it's unlikely a considerable portion of investors will have the idea of recovering losses from crypto investments through gambling, as it's a pretty dumb idea.

It's more like a desperate decision of chasing losses by some investors who didn't draw long term goals before starting their investments, while those who planned before investing will just wait the market to recover, without having to appeal to risky activities in order to make quick profit.

[Cityhunter34]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

This can happen for various reasons, whether someone invests in crypto or uses money for gambling, the intention in all cases is to win something big and strengthen their financial position. So when the market is down, many traders convert their investments into stable coins. And at that time they can use casino sites as their source of income. Everyone says that they use gambling only for fun, but here their intention is to win and earn money from it. Perhaps something like this can happen for these reasons. I am not sure but I can guess something like this

You are absolutely correct that is the real truth about it, because all gamblers intentions is always to came out with a huge win nothing else. However, just like as you mentioned once a trader noticed that the market is not on their own side he or she have no option than to secure the ones that they have, so that they wouldn't going to end up losing all at the same time. Of course we gamble for the the winnings, but sometimes is quite good for us to always see it as a fun or entertainment because winnings is not always sating in gambling.

[danherbias07]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

This can happen for various reasons, whether someone invests in crypto or uses money for gambling, the intention in all cases is to win something big and strengthen their financial position. So when the market is down, many traders convert their investments into stable coins. And at that time they can use casino sites as their source of income. Everyone says that they use gambling only for fun, but here their intention is to win and earn money from it. Perhaps something like this can happen for these reasons. I am not sure but I can guess something like this

Well, every gambler's purpose is to win. Yeah, there's the fun side while playing the game, but I think no one wants to lose. We all want to win at least a bit of money and maybe use that to have more fun.

There are no facts and proofs that the crypto casino goes up when the market is down. I don't think it's happening for a reason, it might just be a coincidence. The only possible reason that I see is that traders don't want to do anything with the market while it's down, and so they just play around, gambling or whatever entertainment they can get.

[Fortify]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Maybe you could share some actual statistics on this, in the form of anonymized data or graphs, because it would be interesting to see the underlying data behind what you've said. I just think that crypto has been growing all that time, so new people are still flowing in which made distort the conclusions that you have made - the recent spike in the bitcoin price attracted new people. Those people might drop money on to crypto as a punt, hoping it goes up in price, as the market turns they get scared and decide that rather than cashing out via an exchange, they'll just gamble it instead which might increase the amount which they've lost in a dip. There are all sorts of motivations in play, but it's similar to how "sin stocks" go up in activity during a recession as people trade big luxuries for small ones.

[Peanutswar]

Whats the relevance of the topic with the gambling and the casinos growth up. If the value itself seems i can see a potential but in terms the increase up of the number of casino and the wins it seems its off topic at all then.
If its true then OP kindly provide an evidence or statistical data so we can discuss.

[Julien_Olynpic]

It is obvious that trading and gambling compete for the user's attention. Their target audiences overlap to a large extent and direct their attention to the most relevant area. When the so-called moonshot takes place in the crypto sphere, then trading itself becomes gambling and casinos and sports betting become less interesting. By the way, recently we have seen the birth of new spheres of employment of crypto enthusiasts who compete for the user's attention along with gambling. I mean retrodrops. When there was a surge of activity in retrodrops, I think that interest in both trading and casinos was fading.

[fruktik]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

And indeed... I don't understand any connection between these events. A banal coincidence and nothing more. Why look for a connection where there can't be one by definition? This is something new for me. There is no need to look for meaning where there simply isn't any. Far-fetched. We need at least some facts and evidence of this, but for some reason there aren't any.

[gunhell16]

We have been in the crypto gambling space since 2018 and at  https://wagerx.io/ we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

Some users feels like they are losing money and gambling is one way to recover It, the sad parte is how lot of them ends losing all trying to recover a 5% or less.

Most of those users make big bets with low risk, buen even those bets can lose, so, its sad to see them placing all in at 90% chance to win and losing them.

Until now, many gamblers still think like that, where gambling becomes their hope, thinking that it will help them get out of their poverty if they hit a jackpot with a small capital that they
will put in, and most of them still have a lot of hope in their lottery betting.

Even though millions of bettors bet, only one or a few are the winners, but they are full of hope in gambling that they might suddenly get lucky when they play gambling,
whether it is online casino or offline casino.

[viljy]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

And indeed... I don't understand any connection between these events. A banal coincidence and nothing more. Why look for a connection where there can't be one by definition? This is something new for me. There is no need to look for meaning where there simply isn't any. Far-fetched. We need at least some facts and evidence of this, but for some reason there aren't any.

Financial markets have experienced a very strong drop, we can say a record drop. In other words, this is a full-fledged crisis. Many investors suffered losses. Now pay attention to the fact that any person who finds himself in difficult circumstances hopes for a miracle. The seriously ill man hopes to be miraculously cured. People who have lost money hope to miraculously get them back. And where is such a miracle possible, if not in gambling? You can only win wonderfully in a casino. In general, various industries that promise miracles always flourish in times of crisis.

For example, religious sects, various psychics, sorcerers, coaches of commercial cults (such as Blinovskaya). Because they are in demand. Whereas in prosperous years, this is not the case. This is the connection between the economic crisis and the casino. Moreover, you can really win at the casino, which no scam coach can give.

[Z390]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

I've spent time with few smart traders in this space and they all agreed that when we are in a bull market is the best time to trade, it's true that we can still trade in a bear market by shorting the market but trades tend to go wrong mostly in a bear market than a bull market.
We know how hard it is for many people to get trading right, once things are not looking good in the crypto market they will surely find another means to take risk, it's the same reason why gambling became more popular in 2020 due to the lock down.
I still stand by the fact that gambling isn't here to take most people out of poverty, if you have this mindset you are in for a big trouble, take your investment and business more seriously and enjoy those little risks in gambling.

[Samlucky O]

We have been in the crypto gambling space since 2018 we can clearly see that when the market goes down, the activity at the crypto casinos goes up.

Why do you think this is happening?

There is no big deal in such situations like that, It could just be a coincidence or maybe crypto casino gamblers prefer betting during bear season as to try if they can win a huge amount of USDT during the bear season to buy more BTC at it low price to make more profit during bull run. for example if $100k afford you 1BTC during the ballpark of $100k now Bitcoin is low at $88k per 1BTC, meaning that a person who gamble now and win huge amount like $88k USDT, may use it to purchase 1 Bitcoin @$88k and HODL to sell high probably when Bitcoin reaches $100k the person may have made himself a whooping amount of $12k. So gambling during dip in the market or during Bear season is a sign of wanting to accumulate more since the market is deep.

[HONDACD125]

Whats the relevance of the topic with the gambling and the casinos growth up. If the value itself seems i can see a potential but in terms the increase up of the number of casino and the wins it seems its off topic at all then.
If its true then OP kindly provide an evidence or statistical data so we can discuss.

I also agree with you, I don't see any logic behind the market going down and the volume of casinos going up because usually, when the market goes down, people would be more hesitant to use their assets because they will be at a loss if they do so, and if the market is down, people wouldn't use their assets for gambling unless they have liquid assets such as stable coins and they decide to try gambling to get some profits because the market is down and they are losing value from their portfolio because of this.

Even then, I don't think a lot of people, sensible ones, would decide to do something like that with their money because if you are wise enough, you wouldn't waste your trading capital in gambling because gambling is not like trading and only luck can make you win something, otherwise, you are going to lose the money you are depositing.

[traderethereum]

Those who are somehow prone to ludomania, at the moment when they lose certain material or virtual values, there is an acute desire to win back. Therefore, everything is logical, someone's assets in stocks/bonds or cryptocurrencies sagged, they start looking for options on how to get them back. And then comes the idea that you can do it with the help of gambling. And some people try to drown out their stress by gambling.

Those who are somehow inclined to gambling addiction, when they lose certain material or virtual values, there is an acute desire to recover them. Obviously this pushes them to play even more and the more they lose, the more they play.
These are well-known psychological techniques used to trick players. So be careful.

Those who often playing gambling will not care with the market situation. As long as they can gamble, that will satisfy them and still choose the other gambling games to play. But those who gamble occasionally will care with the market situation and will leave the market for a while if the market is down. But they will return to the market when the situation is better.

What people search are profit so when they can not get the profit from one way, they will search for the other ways and gambling is one of that way. But those people must be careful because they can not win in the gambling games. Gambling is just for fun and not to be a way to make money.

[STT]

I understand many gamblers are self motivated in their reasons rather then the wider market movements and strengths to various currency flows matters very little to their daily activity.   I do favor the overall market being much larger then whales though they are the most prominent stand out gamblers the market is always a grander prospect and momentum, the majority define a trend.
   Some people think BTC itself is manipulated on puppet strings pulled by the whales who buy or sell,  I think its the other way round no matter how big the whales they still swim in the same sea & the tide effects us all ie. the trend is your friend.

  Dollar down will stimulate crypto usage maybe not immediately but its a fairly massive universal effect across the range of alternate assets, anything that isnt dollar bonds basically can benefit in times such as these.

[hedgeh0g]

Those who often playing gambling will not care with the market situation. As long as they can gamble, that will satisfy them and still choose the other gambling games to play. But those who gamble occasionally will care with the market situation and will leave the market for a while if the market is down. But they will return to the market when the situation is better.

What people search are profit so when they can not get the profit from one way, they will search for the other ways and gambling is one of that way. But those people must be careful because they can not win in the gambling games. Gambling is just for fun and not to be a way to make money.

When the markets fall, many traders or investors who have lost tens of percent of their portfolio can get emotional and try to win back very quickly. To do this, they will transfer all their money, for example, to a casino and try to win back using the Martin Gale strategy, but naturally, if they play without stopping, this is a direct path to losing their deposit. However, of course, there is a chance to win, but I personally thought about it, but I will never take such a step, because I do not want to lose everything completely, this will be a strong blow that will affect my emotional state. Generally speaking, I do not really want to associate gambling with the market, at least for myself)