Does using Bitcoin change how people gamble compared to using fiat money?

[Davidvictorson]

For me it those not change anything I see it as same thing I use the two comfortably.

I don’t know about others but for me, bitcoin and cryptocurrency changed gambling forever. How?
The ease, convenience and speed of deposit and withdrawal of winnings. It shrink days to hours or minutes if I put fiat next to it. This is the single most important change.
Secondly, it took away the the middleman- banks from my transactions. Bitcoin and cryptocurrencies is a game-changer in gambling.

[moneystery]

For me personally, gambling with bitcoin and fiat is almost the same, not much different except that bitcoin offers convenience since you only need to deposit to the wallet address provided by the casino and a few moments later the balance will immediately be credited without the need for a lengthy verification process. The withdrawal process is also usually quite fast, and at some casinos you don't even need to do KYC to do that.
Additionally, most casinos that support Bitcoin are more modern and offer players a wider range of gaming options.

[lombok]

For me personally, gambling with bitcoin and fiat is almost the same, not much different except that bitcoin offers convenience since you only need to deposit to the wallet address provided by the casino and a few moments later the balance will immediately be credited without the need for a lengthy verification process. The withdrawal process is also usually quite fast, and at some casinos you don't even need to do KYC to do that.
Additionally, most casinos that support Bitcoin are more modern and offer players a wider range of gaming options.

Blockchain technology has taken a considerable comparative advantage in the efficiency of its operations which have enabled us to experience transaction processes with all the annoying bureaucratic constraints of the traditional systems. Yea, anonymity and speed of transferring funds are the major attractions to users who attach importance to privacy. Availability of contemporary platforms having a diverse range of games will guarantee the most successful time in terms of entertainment without the use of intricate processes.

[TypoTonic]

Does using Bitcoin change how people gamble compared to using fiat money?

I feel like gambling with Bitcoin or any other cryptocurrency doesn't change much when it comes to deciding our bets, as it's just another medium of payment. We can always wager the same amounts with crypto or fiat. I'd say it does provide easy access to casinos from other countries though, it's faster and more convenient too compared to fiat in terms of processing and withdrawal.

[Vaculin]

Sometimes, we may think that bitcoin is more valuable than fiat so there's no reason to waste it even a single one. But fiat still remains valuable as well and for that, we should try to be more profitable when gambling.

In the end, using bitcoin or fiat does not change at all as we always want to be profitable from gambling as much as we can. But if we can stick to bitcoin as an investment and use fiat to spend like in gambling, I think that's way better than losing both of them in just a second.

[nelson4lov]

If there's any difference, it'd only be slight. In the early days when bitcoin based casinos and sportsbook started, there was a huge difference then because you could gamble entirely anonymously with Bitcoin. I believe as the years go by and crypto become more widely accepted, the lines between traditional gambling and bitcoin/crypto based gambling will continue to get blury.

[Yamifoud]

I believe from the topic you have seen and understand by question. Before the introduction of bitcoin or any other cryptocurrency people just focused in using fiat to gamble however now people are using bitcoin to gamble now my question is Does using Bitcoin change how people gamble compared to using fiat money? those who use or has used this two will have a better answer.
For me it those not change anything I see it as same thing I use the two comfortably.

The purpose of creating Bitcoin is not for gambling. But what happens is that since cryptocurrency exists, casino owners consider it an opportunity because many people are already using it.

Does it change a lot in the gambling industry? Exactly because this gives another option for them. If they have crypto, they no longer convert it to fiat money. They spend it directly. In fact, the growing number of casinos tells something. Unfortunately, as the changes continued, many people faced the consequences. Many gamblers spend more than usual, and more gamblers are addicted.

[AmoreJaz]

Sometimes, we may think that bitcoin is more valuable than fiat so there's no reason to waste it even a single one. But fiat still remains valuable as well and for that, we should try to be more profitable when gambling.

In the end, using bitcoin or fiat does not change at all as we always want to be profitable from gambling as much as we can. But if we can stick to bitcoin as an investment and use fiat to spend like in gambling, I think that's way better than losing both of them in just a second.

Bitcoin is like fiat money also as it has equivalent value. So for me, whether you use btc or fiat is all the same, the question is how much are you using to place bets? Like it or not, crypto has already equivalent value so why would it be different when using fiat money? Just wondering.

[lombok]

I believe from the topic you have seen and understand by question. Before the introduction of bitcoin or any other cryptocurrency people just focused in using fiat to gamble however now people are using bitcoin to gamble now my question is Does using Bitcoin change how people gamble compared to using fiat money? those who use or has used this two will have a better answer.
For me it those not change anything I see it as same thing I use the two comfortably.

The purpose of creating Bitcoin is not for gambling. But what happens is that since cryptocurrency exists, casino owners consider it an opportunity because many people are already using it.

Does it change a lot in the gambling industry? Exactly because this gives another option for them. If they have crypto, they no longer convert it to fiat money. They spend it directly. In fact, the growing number of casinos tells something. Unfortunately, as the changes continued, many people faced the consequences. Many gamblers spend more than usual, and more gamblers are addicted.

Embracing digital money in this sector has granted unbelievable convenience of use to the extent that we tend to have forgotten that there is a limit to our spending. You are correct that efficiency which is not coupled with currency conversion will create impulsive action that will result in a greater risk of developing a mental dependency. This huge transformation demand that we be more sensitive on the possible financial impact that can occur here and then anytime.

[Agbamoni]

Obviously. Some people will definitely prefer to gamble with crypto instead of fiat.

With Bitcoin, you can control how you deposit money into your gambling wallet. It is important to be disciplined with our bankroll management when we use cryptocurrency due to the process of depositing and withdrawing. While through fiat, we can deposit easily, anytime we want.

[Cryptohygenic]

Bitcoin is money, wagering with it won't change the psychological effect gaming has on players, the only change about playing with btc is that some wouldn't want to spend much on gaming to save up for the bull run. Other than that, gaming risks, don't care about what kind of currency that's spent in a session.

I am having same insight with like yours. It really does not matter whichever mode of currency being used for the gamble. It is all valuable that can be affordable by the player and still acceptable by the casino's. So I think whoever baffling with this thought is stressing themselves for nothing.
At same time, bitcoin is asset which when holders are psychologically driven with positive news or events, they might probably adjust to their gambling with bitcoin than they bets with the fiats.
 

[Nathrixxx]

This is just a thing of choice to do, we can decide on using any currency to gamble, the may be fiat or cryptocurrency, some platforms also supported for one of these, while some are in support of them all, so therefore, we are to choose what we want base on our personal opinion or interest, most of us already have crypto. We would be able to gamble conveniently with it as we want.

[NurseHub]

Bitcoin is the same thing as fiat; the only difference is bitcoin has its value. Still, I don't think it will affect a gambler not to gamble just because he has Bitcoin. A reckless gambler will still gamble, it doesn't matter the currency used to gamble. What matters is the rules by which you gamble, what's advice while using fiat is same to apply while using Bitcoin. At the same time, it's people's preference; regardless, not everyone knows Bitcoin, and even when they know, they intend to choose what's easy for them. That's why some will prefer Bitcoin to avoid running to banks for deposit.

[BitMaxz]

Well, before, the main reason of people gambled online is the privacy; they use Bitcoin to gamble because most of the casinos before didn't require KYC, and you were instantly able to gamble after the deposit was confirmed.

However, right now I don't see any differences, as fiat since Bitcoin become similar as fiat, regulated, and casinos are asking for KYC verification, meaning I don't see any advantage of using Bitcoin to gamble unlike before.

For me, I am much more confident to gamble in the casino if they allow other coins that you can bet in much cheaper, like doge, for example. That's the only thing I could see as an advantage if you want the amount you deposit to stay long in the casino while betting low.

[Josefjix]

I believe from the topic you have seen and understand by question. Before the introduction of bitcoin or any other cryptocurrency people just focused in using fiat to gamble however now people are using bitcoin to gamble now my question is Does using Bitcoin change how people gamble compared to using fiat money? those who use or has used this two will have a better answer.
For me it those not change anything I see it as same thing I use the two comfortably.

You become more careful of the little Satoshi you spending than Fiat, I treat my crypto staking like if I lose all, how will I replace it, this mindset is what I exhibit when placing bets with crypto than Fiat. Some people might say nothing change but my own perspective changed all the time.
I do not over bet also with Bitcoin, my target is always met and I make sure I stop when suppose to stop and continue when suppose to continue, more regards I give to playing with Bitcoin than Fiat.

[Dunamisx]

The currency being used for gambling does not change the gambling narrative to me, because people will always gamble once they have the financial capacity to do that, gambling is all about catching cruise and nothing much, once we can afford to wager and refill our bankroll, we can gamble with any currency of our choice, once this is being supported by the casino.

[Kavelj22]

I share in your view, whether it’s Bitcoin, any other cryptocurrency or just fiat, it’s pretty much the same. I do use crypto casinos and I’ve also used fiat to gamble and I don’t see any difference between fiat and crypto gambling. The only thing I can say about crypto casinos is that you can access and make deposit to a casino from a totally different country without the currency barrier stuff. Crypto only created an easier payment gateway for casinos and not necessarily alter gambling experience.

It depends on how the tech changes our lives. The concept of gambling has made a strong development with  crypto like no other sector did. At some extent, I find no other reason for fiat gamblers but that they are not aware yet about cryptocurrencies.

[Stepstowealth]

The currency being used for gambling does not change the gambling narrative to me,

This answers it, because there is no magic to it, a gambler who has shown recklessness in gambling with fiat will likewise be reckless while gambling with crypto currency. The question is not what you use in gambling but how you gamble, because how you gamble is a deeper mindset problem then what you use in gambling which will definitely be affected by how you gamble.

As a gambler you should not be affected what you use in gambling, you should have a strict gambling principle and then be able to stick with it Either you're gambling with physical currency or digital currency.

[robelneo]

For me it those not change anything I see it as same thing I use the two comfortably.

Me either you will not get lucky or have an advantage if you choose one over the other, I am more focus on my games regardless on what currency I've used.
But of course you have to accept the fact that Bitcoin is volatile compared to fiat but when it comes to how you gamble nothing should be change enjoy your game keep it real and in control, and hope for the best in every game.

[Kelvinid]

Personally, I don't see it that way. Whether its bitcoin or fiat,  everyone should gamble responsibly and cautiously. The fact that you are a gambler, then you expect to make a profitable bet regardless if you bet in fiat or bitcoin.

 A gambler is always associated with money and profits, and the only way to make it possible is to gamble responsibly and profitably no matter what.