Back then, people gambled whole Bitcoins - imagine the value today

[Botnake]

I found this old screenshot showing how players used to gamble in full Bitcoin units. As you can see, bets were in the hundreds of BTC,  win or lose in just one click.

At that time, 160+ BTC might not have looked insane. But if you think about it today, that kind of stake is already worth tens of millions of dollars.
Stories like Nakowa’s, where someone won or lost 11,000 BTC, would now be worth over a billion USD if those coins had just been held.

It just proves how different things were back in the early days.

Back then, gambling sites didn’t use decimals or sats, it was whole Bitcoin bets.
The value wasn’t as “precise” as today, people threw around BTC the way we throw around a few bucks now.
Now that Bitcoin has grown so much, gambling in full BTC is almost unthinkable. Everything is already calculated in fractions (mBTC, sats).

So for discussion purposes,
 Do you think the players back then had no idea about the future value, or they just didn’t care?

[dimonstration]

Back the amount of Bitcoin is so low that even I bet 1BTC or more on a dice game. But that amount is already considered a whale gambler since 100BTC+ is already hard to accumulate back then when I first involved on Bitcoin specifically dice game.

Those people betting that amount will sure not bet that same amount of Bitcoin today but looking back on betting history sometimes regretful especially if most of it just lost in the casino.

But no one will know that Bitcoin price will skyrocket to the current price so we don’t need to feel bad about it because back then we are still enjoying on the new found entertainment with the use of Bitcoin.

[Orpichukwu]

So for discussion purposes,
 Do you think the players back then had no idea about the future value, or they just didn’t care?

Those players back then contributed to Bitcoin growth. There was data shared on this gambling board which shows the amount of transactions back then which flowed through the casino. Then the value was very low, and they could have used anything worth that value if Bitcoin was not an option.

We don't need to start thinking about what they could have been worth now, as the coin did not go to waste, and it went straight into the hand of another who might have also spent it, sold it, or held it in a private wallet waiting for when to cash out.

[Justbillywitt]

When you have something in large quantity, losing some won't actually bite that much. That was what they had to gamble with and they did. Them doing that doesn't mean they they didn't believe in the future of bitcoin, they were only using bitcoin in the other purpose it was also intended for, which is payment for good or services rendered.

[Shinpako09]

I’ve never tried betting a whole btc, just 0.5btc on a single dice bet. Looking back now, that was super dumb, lol. For real, I could’ve been a millionaire by now. But that’s nothing, before Hupplepuff, there was AKcoinminer, who had already won hundreds of btc but didn’t stop until he was down by 500–700 btc. I remember watching him bet 12 BTC per roll, and I don’t think he was even pre-rolling, just straight up rolling nonstop. At least thinking about that helps me console my own biggest “what if” in crypto.

[Sandra_hakeem]

I can imagine how they thought Bitcoin won't amount to nothing good, but the years upon years of regrets may stay with them for life. People did so many unnecessary things with hundreds and thousands of Bitcoin at a stand, and If we look at the value of each of these coin today, that's just incredible!

Sometimes I feel like Bitcoin started off in the wrong hands, with the wrong people.. The real essence of HODLing for long-term wasn't part of their plan, but who knew the value would rise this high? We all know of someone else that bought a pizza with thousands of it.

[Ziskinberg]

That was insane. I was around in the early stages too, but I never bet a whole Bitcoin. My max was 0.5 BTC, and that was on sports betting, not the famous dice games. I used to play on SafeDice back then, with that divest/invest feature that was really popular at the time. The site is technically still active, but when I tried to check my old bet logs, I couldn’t log in anymore. Maybe it turned into a scam already, if I’m not mistaken.

There’s always that “what if.” I didn’t lose that much in gambling, but I still spent a lot of Bitcoin back then - just like many others.
If I had just held, I could have been a millionaire in USD by now. 

[X-ray]

Bettors were using BTC to speculating the short term profit, not long term. At that time 1 BTC means nothing. That's why they didn't even care with the potential future value of Bitcoin, but it's not their fault at all. They might be using lethal amounts of BTC to gamble with the hope to earn fast money. It's because not many people were financial freedom at that time.

Just like when i sold some btcs for a few hundreds buck each.  I did it caused by i was not financial freedom and i need the money.  

[Don Pedro Dinero]

It just proves how different things were back in the early days.

<...>

So for discussion purposes,
 Do you think the players back then had no idea about the future value, or they just didn’t care?

Well, perhaps we can reverse the perspective. Let's think about how it might seem in the future that betting with millibitcoins is normal. Although if the price rises significantly in the future, and millibitcoins seem like a fortune, looking back to that point where people were betting whole bitcoins will be even more impressive. But the fact is that this is many years away. Normally, people who bet with bitcoin are thinking about the equivalent value in dollars or the fiat currency of where they live at the time. If you think about what it might be worth in the future, you HODL.

[Die_empty]

 Do you think the players back then had no idea about the future value, or they just didn’t care?

The majority of early Bitcoiners would have held their coins if they had prior information that the coin would grow to this level. Why would someone gamble off a fortune just like that? In those early days, it was easier to own hundreds of Bitcoins that was why it was also easy to spend them. And many people saw the coin as a means of getting entertained, which was why gamers and gamblers constituted a high population of early adopters of Bitcoin.     

[DaNNy001]

When you have something in large quantity, losing some won't actually bite that much. That was what they had to gamble with and they did. Them doing that doesn't mean they they didn't believe in the future of bitcoin, they were only using bitcoin in the other purpose it was also intended for, which is payment for good or services rendered.

Thats facts, the reason why they were able to use such amounts of Bitcoin is because they had a lot in their possession...even till this day there are gamblers that still lose huge amounts of Bitcoin...people gamble within their capacity, it's only a problem when you go out of your comfort zone...But I can say that some of these gamblers would be reminiscing on the current price of btc and what they would have gotten if they hadn't lost their tokens

[Doan9269]

We cannot blame them for their actions as at then, no one know we could have achieved to this extent with bitcoin, moreover as at then, the value is worth nothing to compare to what we have today, many were able to get it from as at then, some hold it, some gamble it and some also give to others as gift while the last category were those that couldn't account for how it got missing over time, everyone has one or two things to point out regarding bitcoin in the early days and in relation to gambling that we have done in the past.

[Patikno]

So for discussion purposes,
 Do you think the players back then had no idea about the future value, or they just didn’t care?

I think there are many possibilities. First, they know about future value, but they ignore it, either to gamble or to multiply their money (to get bigger results in the future). Second, they don't know at all, so they simply gamble without any consideration. Well, those are some of the possibilities I have considered. Furthermore, I also believe that every gambler should gamble or bet without involving valuable goods or assets, especially those with the potential for future price appreciation. It should be better to gamble with goods or assets they can afford to lose, or indirectly, exchange them beforehand. This is intended to avoid future regrets, as it would be different if they had gambled with something other than Bitcoin.

[swogerino]

They only did so because they never thought or imagined that the value of Bitcoin would go so high that it is now compared to the time they used to play and honestly I don't blame them, I never thought Bitcoin would go so up in value during these few years it has been with us. I used to gamble myself in 2014 0.2 to 0.5 Bitcoin quite some times that when I think about such stupid things I have done I feel extremely sorry for myself because if I had like 2 or more Bitcoin nowadays would be my pass to financial freedom as I don't think I will be able to have 250.000 dollars net value profit in the years remaining to me to work, wow now I am even more sad than I am normally.

[sunsilk]

Do you think the players back then had no idea about the future value, or they just didn’t care?

Both point taken, they have no idea of how much Bitcoin will be in the future and those 3 digits of bitcoin spent on a casino are like a few hundreds maybe and even lower depending on which year it had happened.

And just like us, we've probably spent a couple of Bitcoins with our older bets not knowing that it's going to be this 6 digits value per bitcoin.

If we have already regret on the amount we used to gamble before and that is because we have no idea on how much it will be in the future just like them.

[Promocodeudo]

We cannot blame them for their actions as at then, no one know we could have achieved to this extent with bitcoin, moreover as at then, the value is worth nothing to compare to what we have today, many were able to get it from as at then, some hold it, some gamble it and some also give to others as gift while the last category were those that couldn't account for how it got missing over time, everyone has one or two things to point out regarding bitcoin in the early days and in relation to gambling that we have done in the past.

You're right, blaming them isn't right because most people then never believes in Bitcoin, they never thought that Bitcoin will amount to the value as we have seen in the recent time, sometimes i really give kudos to those that judiciously hold their Bitcoin from then till Bitcoin becomes very valued that's not an easy task, it requires very high discipline for anyone to journey through that part, although some gambled with it and won with it too and some weren't lucky to win, if we keep remembering some of this events that took place in the past, some people will get more devastated because if they tell the story of their own Bitcoin it will look as if they were jokers.i think by gone should be by gone let's face the future.

[bitterguy28]

I found this old screenshot showing how players used to gamble in full Bitcoin units. As you can see, bets were in the hundreds of BTC,  win or lose in just one click.

it’s pretty insane looking at it now lol i almost got a heart attack seeing the numbers but remembering that this was a long time ago and therefore bitcoin wasn’t valued as the same now

if we convert it now, 165 bitcoins would be 18814235.58 usd that’s insane to think about!!

[Findingnemo]

Still there are some high rollers even today who bet on thousands of dollar even hundreds of thousands if you look in the leader board or even the recent bets of the casino homepage. I guess what you are saying though, once it wasn't valued that much but today it is the most hot topic when it comes to internet or money for the last few years and just be happy that we are fortunate enough to be a part of the bitcoin's journey when it is valued at 100K and I am here from 1000 dollars but in the next 10 year the value might be 1 million right?

So what we bet today will be huge in the next decade.

[Pandu Geddon]

Do you think the players back then had no idea about the future value, or they just didn’t care?

No one knows what will happen to the value of Bitcoin in the future. Back then, its value was not like it is now. It was very easy for those who had Bitcoin to bet it in large amounts. Now, of course, we would think twice about staking that much. 
If you were at that time, wouldn't you also still stake your Bitcoin? At least for the amount you are willing to risk. 
If you only have Bitcoin to wager, then you would still use it to gamble. There’s no need to sell it on an exchange to get fiat, then go to a casino.

[AmoreJaz]

Still there are some high rollers even today who bet on thousands of dollar even hundreds of thousands if you look in the leader board or even the recent bets of the casino homepage. I guess what you are saying though, once it wasn't valued that much but today it is the most hot topic when it comes to internet or money for the last few years and just be happy that we are fortunate enough to be a part of the bitcoin's journey when it is valued at 100K and I am here from 1000 dollars but in the next 10 year the value might be 1 million right?

So what we bet today will be huge in the next decade.

High rollers will always bet huge amount of money, no matter what the price of bitcoin is. But the situation before was totally different as the value of btc was very small and think of it that betting 1 btc was very small of value, which you can't even consider a high roller. Definitely, if they even had the idea that it will go much thousands of dollars in price, I would say, they won't be using it to bet but of course, they will be securing it to their vaults. But no one knew at that time.
I also had some few bitcoins way back in 2015 and I exchanged it as I need it. Who would have thought that it will fetch a very good price in the market in the next few years? So I guess, those who kept their BTCs and remember where they stored are very lucky.