Do you play in crypto casinos when the crypto market is bearish?

[Royal Cap]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

In my case, the market decline has nothing to do with gambling. Because I mostly bet, deposit and withdraw with the stablecoin which is  USDT. I think most people do it. So whether it's good or bad doesn't matter here. But for those who bet with Bitcoin or volatile coins it might matter. But in my opinion, very few people do this. Another thing is that if there is a balance in the casino account, people are more busy betting than watching the market.

[Cantsay]

I think the main purpose of gambling is not to make money, gambling should be mainly for entertainment, so there is no need to stop gambling when the market falls. If it is for entertainment purposes, you can gamble continuously in any situation and there is no need to stop. And if we gamble to make money or in the hope of getting rich quickly, as a result, we have to gamble depending on the fall in the market, I think it is absolutely wrong to gamble for this purpose, as the risk of losing money can increase many times.

While this is mostly true, there are people who treat it as a means of making money and I actually don’t blame them because that's what most casinos are now pushing with their advertisements. If they wanted to portray it as a means of getting entertainment then they won’t be displaying those insanely huge wins to entice people, they would simply just use a more entertainment tailored approach as their means of advertisement.

Although, that doesn’t change the fact that bearish market doesn’t necessarily affects one gambling activities because they’re are lots of other ways to carry on with your gambling activities even if there’s a downtrend in the market.

[Stepstowealth]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

I will not be surprised that there are some gamblers who gamble more when the market dips and the reason being that since they've lost some money to the dip in value of Bitcoin, they might as well try to get it back from gambling. People's mindset are different, and to some, this is just exactly how they may think.

In my case, the market decline has nothing to do with gambling. Because I mostly bet, deposit and withdraw with the stablecoin which is  USDT. I think most people do it.

True, majority of gamblers on crypto platforms make use of USDT in gambling so they can keep track of the amount used in gambling.

[Ivystar5]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

Most of the time USDT or stable coins are used in gambling on casinos so regardless of the matter season bearish or bullish people still keep playing for me whether I'm using a stable coins or any other crypto it's just about the fun and the possibility for me to win hence regardless of when it it's I still would gamble and till gambles.

[2Pizza410000BTC]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

Bad market conditions cannot stop gambling because people do not gamble considering bad market conditions. People always use part of their income for gambling. They may have their domestic money there, they may not have cryptocurrency. Again, there are many people who can gamble with cryptocurrency. There is a bad market condition, but it may not stop them. They can gamble even in this bad market condition. So it will depend on the personal will of each person, not on the bad market condition or on the good situation.

[Ultegra134]

Not affected at all. Personally, and I believe this applies to the majority of gamblers nowadays, use stablecoins, such as USDC or USDT. There's no reason to include another risk in the game: volatilty. Gambling is already risky as it is, I don't want to make it any more complicated, nor do I want to regret using Bitcoin or some other coin for my entertainment, only to see it reach new records a few days/months/years later. I have peace of mind with stablecoins and I'm not planning to change that anytime soon.

[stadus]

I kinda have a different mindset when it comes to investing and gambling. I don’t really get bothered even if the market turns bearish, since I treat crypto more as a payment tool than an investment. Most of the time I use Bitcoin for gambling, but I’m not too worried about its price, it doesn’t swing that crazy day to day anyway. And when the market eventually pumps, I still benefit from that. It’s like minimizing the risk both ways. As a gambler, I’d rather not stress about volatility - I’m already busy analyzing games, and that’s where the real challenge lies.

[JariKriting]

If you're losing a lot of financial resources while trading, your focus will be more on trading to recover quickly, especially if you're trading spot, not futures. If you get liquidated in futures, that's it, the money you used for trading is gone. But if you're trading spot, you can still recover by trading or buying coins at a low price to recoup your losses. So, of course, I won't gamble at a crypto casino.

[icebar]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

When the crypto market is bearish, people are interested to find new platform. There are many traders who try to withdraw from their investments. Some hold but do not try to hold there for the long term. There are some who try to find their profits from other platforms. In continuation of this, some traders try to put money directly in crypto casinos. If I can be sure about my trading that I will not be able to make profit, then I will definitely think of an alternative and in continuation of that, I can gain confidence in crypto gambling during my bearish times.

[wiss19]

Most of the time USDT or stable coins are used in gambling on casinos so regardless of the matter season bearish or bullish people still keep playing for me whether I'm using a stable coins or any other crypto it's just about the fun and the possibility for me to win hence regardless of when it it's I still would gamble and till gambles.

It is not only about the stability of the stable coins but it is also about our portfolio as a trader or investor. I am sure that we don't all-in our funds in stable coins, in order for us to earn a profit. So when they are down, our focus can also be shaken. OP said that there are also active gamblers during a bearish market, but why not?

I mean you can buy cheaply when the price is down and then once you win big, and the market on its course rises, you can earn more, and if you lose, at least it may not be regretful that much. Overall it is all about, you may trade within your gambling for double the benefits. So, focusing on other than stablecoins must be having some advantages in my opinion. I personally prefer low tx fee coins for cheaper moving for my sportsbetting.

[Nahl]

Let me tell you something that trader is different compared to the gambler because for trader the movement prices of market everything because from those conditions they can earn the profit and when the market down usually they will stop to buy or cut loss because they don't want to losing their money or probably they will stopped to trading until the market bounce back again

But the gambler is different especially heavy gambler who always be gamble for everyday that they didn't care if the market down or up because as long as they have money then they will be gamble everytime they want and speaking about the volatility most of online casino currently accept USDT for deposit i think gamble used this currency could be the solution if the gamblers want to gamble using crypto with less of volatility

[Odusko]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

In my case, the market decline has nothing to do with gambling. Because I mostly bet, deposit and withdraw with the stablecoin which is  USDT. I think most people do it. So whether it's good or bad doesn't matter here. But for those who bet with Bitcoin or volatile coins it might matter. But in my opinion, very few people do this. Another thing is that if there is a balance in the casino account, people are more busy betting than watching the market.

Most of us don't consider the crypto market when we are gambling, what we are most interested in is the winning tendencies that we have from those games, this is what helps us to enjoy the game and not the price of the assets we use to play the game, USDT is most popular among gamblers, but Bitcoin is also a good currency to bet with since it winnings can be saved as assets for long term too.

[|MINER|]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

It doesn't really matter to me whether the market is in bear or bull season. What matters most to me is what my income is like or whether I can afford to gamble. For example, I can afford to gamble now, so I can gamble, and if my income is low during bear season, maybe I won't gamble then.
But that happens very rarely with me.  Because I'm not a hardcore gambler, I always try to limit myself to small bets. So I would say that I will not quit gambling until I face a hard crisis situation in my finances, but if my financial situation is bad, even if it is bull season, then I will have to take a break from gambling.

[danherbias07]

1 BTC will remain as 1 BTC when you gamble in crypto casinos. If you keep on looking at the price per Bitcoin every time you play, I am sure it will be difficult to enjoy it.

I don't really mind the price fluctuations while I am playing using my cryptocurrencies. It's the endgame that you should really think about. Let's say you have 1 BTC and made it 2 BTC. It will remain that way until you exchange it for USD. The withdrawal part, the time you are reaping the rewards. Of course, you will first check if the price per BTC is satisfactory. If not, then just wait.

[macson]

If the market is bearish, maybe I will stop gambling for a moment, but it's not because of market conditions that make me not want to gamble, but more because I want to allocate the money that I should gamble to accumulate more, because to be honest, I prioritize investing my money more than gambling. Gambling can be put aside for a moment, especially during times when opportunities appear more favorable for accumulation, and gambling can be done later when I feel it is time to gamble.

[lienfaye]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

Bearish market is not a hindrance for me to gamble. Because regardless of the market condition, I will still gamble when i'm in the mood. Moreover, just like what others have said, often we use a stable coin to play so it does not affect your holdings since there's an option on what crypto you prefer to use.

[promise444c5]

It only becomes something to worry about if you need to deposit a large sum or if you’re a high roller with a tangible amount that could be affected by the dip, while gamblers who bet small have little to worry about…Funds you deposit or already in the casino will only see a small drop when the market dips, nothing much to worry.

I personally, don’t have problems with market fluctuations.

[radjie]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

Gamblers will certainly not be affected by the ups and downs of crypto market prices, as long as they enjoy the gambling they do, wherever and whenever they can easily visit it, because most people gamble to seek pleasure even though they know that they can win based on luck.

[Odogwu-Blockchain]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

It's would be painful for me to use a depreciated amount of Bitcoin for casinos, other people might have their own view but it seems wasting and lavishing of funds whenever the bearish season comes and I'm using depreciated value of Bitcoin for trying a luck on a casino.

I do believe in quick earnings by increasing money using gambling from new deposited Fiat but I don't believe in using my devalued Bitcoin to increase by all means.

It seems to me like rushing and hurrying my investment will go astray while calming down and be consistent will be the only solution.

[Olatundespo]

Some stop playing when the charts turn red (like what is going on now), while others see it as the perfect time to stay active. Volatility affects mindset, not just portfolios. What’s your approach when the market dips, do you keep spinning & betting on sports or you stop playing for a while?

Mental health is closely related to market volatility. When the market falls, it negatively affects our mentality but it is not right to associate it with normal life. Use the available amount of money for trading so that in reality we do not have to face financial poverty or face obstacles in fulfilling basic needs. I still do not stop playing when the chart turns red and continue with patience.