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

[AbuBhakar]

Gambling with Bitcoin can change how holders gamble compared to when they are using fiat, if Bitcoin is bullish holders can gamble with higher amount because of their profit, same way they can gamble less when there is dip. But when it comes to gambling proper I don't think that fiat or crypto matters because they are just currencies to fund gambling account. The fun lies in the game that you are playing, the type of currency you use doesn't count whether you win or lose, it is luck and a little bit of your strategy if it's skill based games.

This is what can really happen. You lose your investment that can be accumulated if you use Bitcoin directly for gambling, and the possible bets are larger depending on the price, and it is more difficult to control because there are many zeros you will go through when betting. Sometimes you can even make a mistake by placing a zero, which can increase your loss. Unlike fiat, where the amount that can be gambled is fixed, if you want to bet exactly $10, you can, and if you want to add more, you will have more control over what you deposit.

[Salahmu]

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.

Those things are just a means to gambling and you can use any of them and there will not be a difference, does casino say anybody who uses Bitcoin in gambling would be entitled to receive any free thing that fiat gamblers will not? Or does using Fiat also have the same thing on any casino against Bitcoin?, actually they have equal importance, if for instance I want to wager using any of the two matches of the day with fiat and another gamblers use Bitcoin on the games with the same odd, the wining is actually going to be the same, if the wining is up to 40 dollars in Bitcoin I would also win the same 40 dollars in my our Fiat so there is no financial advantage that is applicable to one.

[X-ray]

You have even answered your question.

As for me, I'm not seeing the difference between using fiat or crypto for gambling. Your crypto value is still being determined in term of USD. The only main factor why most people prefer to use crypto over fiat is due to the accessibility. It also charges almost zero fees to deposit and withdraw, which is not burdening gamblers.

[Eternad]

You have even answered your question.

As for me, I'm not seeing the difference between using fiat or crypto for gambling. Your crypto value is still being determined in term of USD. The only main factor why most people prefer to use crypto over fiat is due to the accessibility. It also charges almost zero fees to deposit and withdraw, which is not burdening gamblers.

In terms of value yes but crypto gives an opportunity to invest and gamble at the same time since the cryptocurrency itself except stablecoins are considered as investments while fiat doesn’t give you an opportunity for an increased of value while still using it in the casino.

However, some casino like Duelbits automatically converted fiat deposits into fiat so that fluctuations on price will not occur which means an investment and gambling at the same time is not possible.

[panjul07]

I have no idea about others but for me, gambling using bitcoin or any other currencies does not change how I do gamble.
I do it the same way as my limit remain the same, my basebet remain the same and I play the same way as when I gambled using fiat currency.
Of course there is a bit difference but it is not that important especially when the network fee is not expensive.
When it comes a moment when the bitcoin tx fee is too expensive, I will only stop using bitcoin and play using other currencies with cheaper fee.

[Hypnosis00]

I have no idea about others but for me, gambling using bitcoin or any other currencies does not change how I do gamble.
I do it the same way as my limit remain the same, my basebet remain the same and I play the same way as when I gambled using fiat currency.
Of course there is a bit difference but it is not that important especially when the network fee is not expensive.
When it comes a moment when the bitcoin tx fee is too expensive, I will only stop using bitcoin and play using other currencies with cheaper fee.

Yes, and whatever we use for gambling, either fiat or Bitcoin, if we are irresponsible gamblers, it ends the same. It all lies in how a gambler changes their approach when gambling. In fact, it was not the currency we use that made it change. It is our mindset and behavior.

That is why I don't consider it a way to make someone addicted. Maybe the only thing that changed is the system we used. Cryptocurrency (sometimes) offers cheaper fees than fiat money.

[Pandu Geddon]

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

I almost completely stopped using fiat for gambling. So I only gamble at crypto casinos and betting sites. I think many gamblers who switch to crypto casinos feel the same. Although everything will feel the same in terms of the system, we do need to convert fiat to crypto. But some crypto casinos also accept fiat deposits. So, actually, there is no problem using either fiat or crypto for gambling.

[lombok]

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

I almost completely stopped using fiat for gambling. So I only gamble at crypto casinos and betting sites. I think many gamblers who switch to crypto casinos feel the same. Although everything will feel the same in terms of the system, we do need to convert fiat to crypto. But some crypto casinos also accept fiat deposits. So, actually, there is no problem using either fiat or crypto for gambling.

The introduction of new technologies into the digital gambling experience confirms us that we always seek the quickest option to make all financial operations without the need to wait until the end of a long bureaucratic process. You demonstrate that there is no issue as long as the platform is offering safe services, you can use any form of currency. The flexibility is greatly enhanced by the options of many forms of payment when playing.

[Sammye3]

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.

It depends on their earnings i think, because most people feel a lot more comfortable betting with a currency they earn on than betting with bitcoin because they might not have same value and it becomes a bit difficult to adapt with its system.

And not everyone has the knowledge of bitcoin, not everyone knows how to purchase bitcoin,  not everyone understands how a wallet works so it could be a bit disconforting for most people who lack the experience with bitcoin, but not withstanding the fact that bitcoin payment would actually make our bets a bit more secured and safe from government's supervision and bank restrictions.

[qwertyup23]

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.

I think more people are being careful whenever they gamble their cryptocurrencies compared to fiat.

The difference lies in the nature of the two. Cryptocurrencies (or BTC to be specific) can also be considered as an asset and investment in which its value increases over time. Fiat, on other hand, is the legal currency of a given country which can be gained from monthly wages. The two (2) are generally payments but only one is legal tender.

Personally, I find it more difficult to let go of my cryptocurrencies than fiat given that I value the former more than the latter. More than just a fiat, it is also an investment that we can easily overlook especially in the world of gambling where it can be used easily for bets.

Imagine casually gambling 0.01 to 0.1 BTC like it was nothing. These days, that’s unthinkable. We definitely can’t do that anymore.

Back in 2014 to 2016, that wasn’t considered a huge amount at all. But now that Bitcoin has gone past $100k, it’s a completely different story. Back then, Bitcoin was mainly just a payment method for crypto casinos. These days, Bitcoin isn’t really the main option anymore, probably because it’s become too valuable. I think most people now prefer using stablecoins like USDT for gambling since the value is fixed and you don’t have to worry about volatility while you play.

I share the same view as yours.

I just consider gambling using my BTCs as a waste of opportunity for a long-term investment. Though we can easily purchase BTC using fiat, I still view it more as an investment rather than a currency for gambling.

[FirmWars]

It doesn't change how people gamble, perhaps the only difference here is the use of different currencies to gamble but there's no kind of fun that you will not enjoy no matter ther currency you are gambling with. If I play a game with Bitcoin and someone plays the same game with fiat, will it change the fun of the game or will it change the chance to win the game? It won't change the chance of winning or the fun to be achieved from the game. So, what aspect of change are you referring to?

[Akbarkoe]

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.

I don't think there's any difference, it's just the gambling tool that's different, it's still the same currency, and I always use value conversion to bet even when using bitcoin, for example, if I only use $20 but in bitcoin, it's basically the same and there's no difference, except maybe people who don't see the bitcoin conversion value, they will have their own standards for gambling, but that's impossible because bitcoin is still volatile and most gamblers will look at the bitcoin value with their fiat currency to know the right limits in their bets.

[lixer]

Back in the day the gap was bigger, because bitcoin was a small coin that wasn't this high and for that reason people felt more like a play money thing and didn't care about losing too much, including me.

But the higher the price of bitcoin went, the closer to fiat it became for how we see it and how we gamble so it is not really that much of a big deal. These days, alts are more dangerous because people gamble with alts but the reality is that we are still seeing it the same way.

[LastKiss]

Both fiat and crypto especially Bitcoin offer convenience for gambling, registration and deposits take only a few minutes and after that we can gamble immediately. In my place, many people still use fiat money rather than Bitcoin for gambling because they can deposit directly from their bank. However, the minus is that the government can track our phone numbers and transfer records, making it easy to block bank accounts. Aside from privacy, there is no real difference between gamblers who use fiat and those who use Bitcoin. That’s why people who want for more privacy will look for an alternative such as gambling with Bitcoin.

[retreat]

When it comes to convenience and accessibility, gambling with Bitcoin allows people to access gambling platforms quickly and easily with less hassle. However, when it comes to how people behave when gambling, it probably depends. Some remain disciplined and don't notice any significant changes since they view it as mere entertainment, just like conventional casinos. But there are also those who lose control more easily because they can make deposits and play so easily - they feel more free and unrestrained, which triggers compulsive behavior.

[Fivestar4everMVP]

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.

Well, one significant thing bitcoin and cryptocurrencies have done is that it introduced me to gambling, yeah, not like i have gambled before bitcoin and cryptocurrencies came on board, I've spent fiat a couple of times to gamble and didn't win, and after about a week or so, I simply gave up totally promising myself that I will never gamble again..
And I actually never gambled again for years until I learnt about bitcoin in late 2015, by early 2016, I started trading bit by bit to learn the process, and fast-forward to 2021/2022, I wore my first casino signature ad here on this forum and that encouraged me to register on the casino and try some games, I registered and was happy to try using crypto to gamble for the very first time.

This is how I started gambling using crypto, I completely forgot about using fiat until recently when I decided to try fiat again.
No difference indeed since technology have made the deposit and withdrawal of fiat from and to our local back accounts very easy and fast, but I will still prefer using bitcoin and other forms of cryptocurrencies for gambling because fiat can be tracked, when you deposit fiat to a casino, your bank knows you sent the money to a casino, but with crypto, things like this remain private.

[maydna]

Using Bitcoin does not change about how people playing gambling. The changing is in currency. People can using Bitcoin to place a bet. They can hides their gambling transactions from the banks so banks will not suspicious with them. But it is about comfortable feeling from people and if they still comfortable using fiat money, they will not moves to Bitcoin.

Perhaps people will thinks the same as you. If you want to know more, you can asks the question to people that you meets so you can know their reason or what change them.

[LFC_Bitcoin]

Using Bitcoin can change how people gamble compared to fiat money. Bitcoin transactions are faster and feel more anonymous which can make gambling feel less “real” than using cash or a bank card.

This can lead some people to take bigger risks or gamble more often. It’s also easier to gamble online with Bitcoin across borders. However the basic behaviours and motivations behind gambling don’t completely change just the way people interact with money.

[hyudien]

One difference that I feel when gambling with bitcoin or fiat is control, I am more controlled with bitcoin, there is a sense of regret when I see my bitcoin lost due to losing gambling, on the other hand I can be uncontrollable gambling fiat, depositing several times that I do not regret, only that difference, the rest is the same, does not affect the chances of winning.

[Johnlomape]

I have no idea about others but for me, gambling using bitcoin or any other currencies does not change how I do gamble.
I do it the same way as my limit remain the same, my basebet remain the same and I play the same way as when I gambled using fiat currency.
Of course there is a bit difference but it is not that important especially when the network fee is not expensive.
When it comes a moment when the bitcoin tx fee is too expensive, I will only stop using bitcoin and play using other currencies with cheaper fee.

Yes, and whatever we use for gambling, either fiat or Bitcoin, if we are irresponsible gamblers, it ends the same. It all lies in how a gambler changes their approach when gambling. In fact, it was not the currency we use that made it change. It is our mindset and behavior.

That is why I don't consider it a way to make someone addicted. Maybe the only thing that changed is the system we used. Cryptocurrency (sometimes) offers cheaper fees than fiat money.

Apart from our personal lifestyle, nothing changes about us and the way we are gambling really matters a lot.
If you are are using.h Bitcoin or using local currency to find your gambling account, this will not make any differences because it is the outcome that matters for us. The channel or mode of gambling will never do anything to us kr increase our profitability and what really matters is the how you are gambling to make the amount you have targeted from make from betting. I mostly use crypto to make deposit and if i am not responsible, it will affect my gambling nature.