Does the market influence your bet?

[Perfectbaby]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

[Ivystar5]

if you gamble with with $50 dollars when the market is at 85k and you earn the same salary what allows you to use such amount and now it's at 70s is it not the same amount you are spending, the fact is just that you spend it in bitcoin and holding it would have giving you more bitcoin in future but then is bitcoin not money? od course it is, so let's use it as money and not just an investment asset. so the market in my person point will have no effect on my predetermined amount used in gambling.

[Wiwo]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

Gambling with bitcoin is not much different from gambling with stable coins like USDT and USDC, just alternative betting solutions for payments, I don't think gamblers will be wasting their time thinking about the bitcoin market price wether is going up or not, since whatever their are gambling with at that time is based on the live value of bitcoin on the exchange, when you are gambling with bitcoin,  all your bets calibrations will be done in bitcoin both your staking amount and winnings comes in bitcoin, it equivalent will be given in dollars at point of exchange.

There is no such thing that can cause worries in the event that the price of Bitcoin dropped significantly.

USDT should be adopted for gambling if you feel you are getting emotional stressed using volatile currencies like bitcoin to gamble with, you can just hodle on long term base and never look at the price.

[DubemIfedigbo001]

I don't gamble with bitcoin, I prefer stablecoins and use it while depositing. Bitcoin is volatile and so far, the price has dropped significantly. It would only be very unwise to gamble with more quantities of my bitcoin, so I already have USDT I converted from 4 months ago that I use for P2P and gambling.

In all honesty, if I only had BTC in this recent price crash, then I would definitely use fiat to buy USDT to gamble rather than use my BTC. I see bitcoin more like an investment asset rather than a fund for gambling.

[Onyeeze]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

do you know that there are people who buy Bitcoin and deposit to the gambling website the one to gamble on, and immediately they want to gamble is when can do buy Bitcoin so those people that does such is on good advantages why those people that is using the Bitcoin in their portfolio to gamble will also know what to do now the price of Bitcoin is going low so for me if I've seen that using Bitcoin to gamble will it cost me less I will use altcoins instead of Bitcoin, what if bitcoin will not cost me that much I will use Bitcoin for me it depends on individual method of depositing in gambling platform

[SUPERSAIAN]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

Betting on Bitcoin dips isn't really an option for me; I don't enjoy it. I'm more willing to bet when the market is up and conditions are better, but as a casual gambler, if I want to play that day, it's not a big problem, I'll still place a bet. To be honest, investing more Bitcoin when it's falling is more appealing.

[Sticky Bomb]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

do you know that there are people who buy Bitcoin and deposit to the gambling website the one to gamble on, and immediately they want to gamble is when can do buy Bitcoin so those people that does such is on good advantages why those people that is using the Bitcoin in their portfolio to gamble will also know what to do now the price of Bitcoin is going low so for me if I've seen that using Bitcoin to gamble will it cost me less I will use altcoins instead of Bitcoin, what if bitcoin will not cost me that much I will use Bitcoin for me it depends on individual method of depositing in gambling platform

If I have been holding bitcoin from the time it was 100k and I want to gamble, I wouldn't use that bitcoin to gamble, unless maybe I use fiat to buy a fresh bitcoin for my gambling desires. I have also never used bitcoin for gambling. I always use stable coins for no definite reason but it has become part of me to always fund my balance with stable coins.

Bitcoin is money and can be used for various application of which gambling is one of its use cases, but I'm not using my coins that has lost value due to the markets  downward swing to gamble, I can never do that.

[Josefjix]

No, I can't keep betting in Bitcoin if I do have it, and then the value is declining, I'll rather withdraw my betting and wait to deposit new money via stablecoin which I'll be staking with. It would be awful and meaningless to constantly stake with but Bitcoin at this period of the market conditions, I cannot and will not ever try it.

[robelneo]

... and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

I prefer to switch to altcoins, stablecoin is preferable when the market is dumping. You never cut your losses if you bought it at a higher price; you prefer to hold it during this challenging phase.
So yes, the market has a huge impact on my preferences for what I use to gamble. I also try to minimise my gambling activity during this market phase until the market stabilises.
Bitcoin is now at the 462k level. It's a very surprising development, given that the majority expected we would enter a bullish phase at the start of the year.

[Ambatman]

I stopped explicitly using Bitcoin two years ago after what seems like nothing much
Rose after Bitcoin crossed $120K
So subconsciously I started attributing what I lost to not only the amount as at the time I took the game
But also selling long term potential for supposed short term gains
Now I normally use USdt and on rare occasions LTC due to its friendlier fee.

[vanesha]

I really avoid gambling using bitcoin or altcoins unless it is absolutely necessary, some casinos are not affected by the price because once we make a deposit it is immediately converted into dollars so there is no loss or profit when the market goes up or down, I almost always use fiat like USDT

[Perfectbaby]

I stopped explicitly using Bitcoin two years ago after what seems like nothing much
Rose after Bitcoin crossed $120K
So subconsciously I started attributing what I lost to not only the amount as at the time I took the game
But also selling long term potential for supposed short term gains
Now I normally use USdt and on rare occasions LTC due to its friendlier fee.

Had same experience as well and when the market shoots above I began to watch over what I had lose, not just that initial deposits but how the price began to soar after which I have gambled it away. So, currently I wouldn't encourage anyone to use Bitcoin to gamble. Although it's a personal choice whether the person chooses to gamble with Bitcoin or altcoins, but the fact is we shouldn't be that having to lose double, maybe start regretting when the price starts increasing. Of course, then LTC where a very popular method of making deposit to the gambling site before other altcoins were being added after much request of gamblers.

[Ruttoshi]

For now, I wouldn't think of gambling with bitcoin because it's a future asset and I plan not to gamble with bitcoin during the bearish period. This is the time to buy more bitcoin and hodli for the next ATH and not to gamble them away.

I am using more of my local currency and usdt to gamble because I feel safe financially using them. A lot of gamblers have gambled away their bitcoin in the past when it was very cheap and they are regretting it.

[ejikeme24]

To make it short I don't gamble with Bitcoin, I could gamble with altcoin if I have one but as for Bitcoin I don't think of gambling with them even if I run out of Fiat and it happens that I have enough Bitcoin in my wallet I would rather wait until I have cash (Fiat) to gamble instead of touching my Bitcoin because the reason why I store them in my wallet is not to gamble with them. As for those that gamble with crypto they don't mind gambling with their Bitcoin regardless especially when they are used to gambling with crypto currency, even if I'm to gamble with crypto currency (Bitcoin) if I see that there's a decline in the price I would wait until it appreciate before gambling with it.

[Alphakilo]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

I always prefer the option of using more stable coins for my betting on crypto casinos and if I must hold my coins, I like to hold various ones like BTC, USDT, Eth, Sol, and depending on which one I use more often in hot wallets and some in cold wallets.
The market does influence my betting style by the odds I see or bonus potential is it is a casino game, but not how I choose the currency I use though. The casino must have a processor service that accepts any of my preferred choice of currency or one popular that I can easily use.

[cryptomaniac_xxx]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

Others might say that BTC=BTC so it doesn't matter. But if you ask during the bull run, there could be gamblers who prefer to play with stable coins and doesn't want to used as much Bitcoin they have because of the potential to go up and it's dollar value obviously going up as well.

So it could be the same case here, we don't want to used our precious BTC as the price is on the decline. We want to preserved it because again, in the future and most likely it will go up. That's why I prefer to play with stable coins or even TRX because it's cheap and fast and yes, just preserved your Bitcoin in this trying times.

[TypoTonic]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

Honesty I just got into Bitcoin recently, and I don't have much yet, so I'd rather just accumulate more instead of risking it with gambling. As you have said, there are other options anyway like altcoins and stablecoins. I prefer to use USDT when placing my bets, so I wouldn't worry about the market getting low.

Others might say that BTC=BTC so it doesn't matter. But if you ask during the bull run, there could be gamblers who prefer to play with stable coins and doesn't want to used as much Bitcoin they have because of the potential to go up and it's dollar value obviously going up as well.

That also means they could potentially win more Bitcoin while it's cheaper. It just depends on how much risk they are willing to take. In the end it's just a matter of preference which medium you would like to use.

[Nightwalker(NW)]

I don't think people could used Bitcoin to gamble that much again after knowing how useful and important Bitcoin is, and anyone using Bitcoin to gamble is like wasting their investments upon what is not worth on.
Of course there are people who loves privacy and would stick to using Bitcoin and wouldn't want their identity to be revealed precisely to no-kyc casinos, but for Centralized gambling site they wouldn't care about whether they would use BTC or altcoins.

[o48o]

Actually there are many people who loves using Bitcoin to gamble while there are others who do use other altcoins to gamble. I want to know in a situation like this where the market is extremely low, or has loose a lot percentage. Do you still care to use Bitcoin to gamble or you wouldn't use Bitcoin anymore due how much percentage of you have lost and probably when using BTC you are also attributing to your lost or you don't care about how low the price of Bitcoin could be while using it to gamble, and Or do you prefer switching to altcoin like stable coin or TRX just to make sure you secure your holdings?

Only if market being down means that i have lost too much money and that cuts down my gambling budget. But it's same percentages of my budget that i am gambling with. It doesn't matter if bitcoin is worth million or a dollar. I count my budget in dollar value anyway.

I have gambled with bitcoin when one was worth $300. So, if it now drops to $40k, do you think i see it being valued too low to gamble? It's all matter of perspective. But i still prefer stable coins to play with anyway. Just because i had some bad experiences playing with volatile cryptos.

[ryzaadit]

I don't think gambler will seeing in ponts of crypto side.

Even the gambler using bitcoin for the gambling, they will mostly seeing based on $. Let's said, the number in $ are down due the volatility of crypto the gambler will try to fixed it by gambling.

Gambling has nothing to do with market influence, cause mostly they will try to recoup the lost estimation $ by gambling.