Does the market influence your bet?

[promise444c5]

 For people who deal only with the unit and not the fiat value, that’s quite okay for them.. Just my thought though. I haven’t really experienced people who do this, but I know they exist .

Aside from that, most people prefer using stablecoins, depending on the current state of the market.. This also depends on the casino you choose, as some casinos automatically convert your coin.

[aioc]

For me, this is not the best time to use Bitcoin; if what you're spending comes from your portfolio, you are just dumping your Bitcoin at a loss.

This is where USDT gets the attention of gamblers. If you're an investor and a gambler, picking Bitcoin is not a good choice, but if you're just a gambler, then you can use Bitcoin anytime that you like.

[Beparanf]

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 usually gamble in stablecoin instead of my Bitcoin on market like this since I want to hold my Bitcoin for a profit potential when it recovers again. Growing my holdings through DCA instead of gambling it away is my top priority on low market like this.

Some gambler are gambling regardless of the market condition because they are using Bitcoin ever since on both investment and gambling but many gambler right now are already using stablecoin to avoid volatility lose while gambling.

[tabas]

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 prefer switching to some altcoins when the market is like this, and bitcoin is dropping a lot. The stable coins are good options when the price of Bitcoin is dropping. We just have to take advantage of it when the price of BTC is on high and we can spend few satoshis in the bets that we'll make because the value is quite high. Although others might argue about value isn't about the price, you guys are right but that's just for easy comparison. When the price is dropping so fast, I don't think that I'll be easy on my holdings for Bitcoin per se, I'll use and switch to other cryptos while keeping my BTC.

[danherbias07]

I believe this question came out because of the Bitcoin price going down, and I don't blame you for asking such a critical question like this.

Anyway, I used to check the Bitcoin price back then when I was playing slots or betting on sports games. The good part is that when you use Stake.com, you can see how much the value of your Bitcoin is in USD before you place the bet. If I remember correctly, it is in the lower-right corner of the bet amount.
When it comes to amount, 1 Bitcoin will always be 1 Bitcoin, so it doesn't really matter. What I am worried about is overspending. Let's say 50k satoshis is $50, I will probably just go for a lesser amount of satoshis before placing the bet. The market of Bitcoin is always moving, so it's best if we don't waste too much of it.

[cryptoaddictchie]

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?

Personally, when the market is down, using Bitcoin to gamble feels like a double risk because you’re betting and also watching the asset’s value drop. In that situation, I’d rather switch to stablecoins or something like TRX so I’m only dealing with the gambling outcome, not market volatility. It’s less emotional and helps keep losses clearer and more controlled.

[Patikno]

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?

Maybe, some people even gamble with their Bitcoin to recoup their losses, and thinking it is a quick way to recoup some of their losses. I don't think that is wise. Essentially, investors losses won't be realized while they still hold their Bitcoin, and the deciding factor is when they sell it. Therefore, I believe it is should be better to hold Bitcoin during market downturns. Personally, I consider Bitcoin a valuable asset, and I think it would be pitied to use it for gambling. We know that gambling carries the risk of total loss of assets, and I think it is better to use other cryptocurrencies, or stablecoins for gambling.

[Stepstowealth]

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 usually gamble in stablecoin instead of my Bitcoin

I think most gamblers also do more gambling in stable coins than in bitcoin. If there are gamblers who usually did not care about bitcoin or stable coins, if they are investors too, they will surely consider trying to save some bitcoins and not gamble with it. With bitcoin dropping in value, the behavior expected for every one who has one is to try reduce their losses.

On another thought, have you ever considered that maybe some people may not care to loose bitcoins now because it is even dropping in value?

[Agbamoni]

It is very risky to bet with Bitcoin. Anyone betting with Bitcoin by now should know the advantages and disadvantages of it.

In times like these, when the market is unstable, FIAT is the best action. Unfortunately, some people prefer gambling with Bitcoin while others dont. Nothing can make them change their mind towards Bitcoin, not even the dip.

[terrific]

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

TRX is an altcoin and it's not a stable coin, maybe you mean TRC20 and that's the same with other networks where we can have USDT.
Like the ERC20 and BEP20.
I prefer this one when I'd gamble and the market is so shaky. Why would I spend the Bitcoin's that I've held for so long and then gamble it when it's too small.
We admit it or not, all of the gamblers that have holdings are also affected and influenced by the market and so, we do what we have to do in order to continue gambling while the market shakes.

[Shinpako09]

Not really. I used to use BTC before and also tried stablecoins, but I moved to alts because of the lower minimum withdrawal and lower withdrawal fees. I also always view my balance in our currency or in USD. Even if the price drops and my balance goes down, my minimum bet stays the same. I also see the good side of it, since the price drops and my minimum bet is the same, the amount of crypto, like sol, I get when I hit green will be higher. Maybe the downside for me is that when my balance drops, I need to bet more to reach my quota again. Instead of being just one bet away, I might need another one to recover the amount lost from the price drop.

[Hispo]

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?

Actually, I avoid using Bitcoin to gamble. I prefer to use stablecoins, as it allows me to keep a better track on how much money I have actually put at risk in a determined window of time.

Not even mentioning that there have been people who have felt regret from using Bitcoin instead of holding it in the long term.

I would rather to save feeling regret and use Stablecoins to gamble, I see Bitcoin as an investment in the long term, rather than a chip to be used on a casino.
Though, I recognize Bitcoin has been vital on the development and survival of Online casinos in these lastest years.

[alegotardo]

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?

You know that people saying: One bitcoin will always be worth one bitcoin, regardles of the current market.

The problem is that we are very used to fiat currency, and it is inevitable to compare that value dollars when the price goes up or down a lot like now.

But, when I bet I think like this: if I am depositing 0.001 BTC and not betting anything, I will withdraw that same amount in bitcoin later (considering the reduce of fees).  So it will be worth the same as if I had kept it on my wallet.

But, if I want to convert that to dollars between time of deposit and then withdrawal, I will certainly have a big difference... but I do not use this logic. So for me, the price of BTC at dollars is not a relevant factor for me to betting.

[maydna]

I will not use Bitcoin to gamble but keeps in my wallet. Even I will stop gamble using altcoin and reduce my gambling time. If I still have USDT, I will use it to gamble but not for playing gambling too long. I don't want to lose my USDT just to gambling because it is better I buy Bitcoin and hodl it and waiting for the price increase. I rarely use TRX to gamble so this time, I just stop gambling and prefer doing other things.

[Orpichukwu]

Most of us normally have where our betting budget comes from; it's not something that the market determines for us. Now that the market is down, it still falls under the same thing for me since for most of my gambling platforms, I prefer to fund them with stablecoin or LTC. It's more convenient not just for the deposit but also in terms of withdrawal from the casino after any winning.

[Samlucky O]

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?

For me there is no big deal on This. Gambling with Bitcoin when the market is bearish and Gambling on Bull run does not affect you. Think of It like if you stake $100 Worth of Bitcoin when Bitcoin is low and you win $500 worth of Bitcoin and you allow it to increase over time, you will make a lot of profit compeard to when you bet with Bitcoin in Bull season and win and all of a surden Bitcoin dip so badly, that will be the worst case compeard to the person who won on bear season.

[CONVOAI]

I personally find it safer to use altcoins or stable coins at such times because gambling with Bitcoin when the market is low means taking double risk, The first one is gambling losses and the other one is price volatility. It is better to keep Bitcoin when the market is down because it can increase in value in the future. So that's why I have been gambling with USDT for the last few days.

[ralle14]

It depends on the casino and bankroll. If i'm playing with a big bankroll and the casino uses a pure crypto balance, then i'd have to switch to altcoins or find another casino.

I've already experienced losing a decent portion of my winnings during this kind of price drop, and the waiting game wasn't as bad as I expected. I don't mind waiting through it again, if I find myself in the same situation, but i'd rather use another casino when solutions are being offered.

[Anayochukwu]

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?

Stablecoins is what I can easily afford to lose, so I don't think I have ever used Bitcoin to gamble and I will never in any way gamble with Bitcoin because I may likely feel uncomfortable when I lost in gambling. To be honest there are things we don't need to joke with while gambling because no matter the deep price of Bitcoin doesn't mean that we should use it any how, gambling is all about risk that is why is always said that we should only gamble with the amount that we can afford to lose because it's a game that luck has the final say.

[Wiwo]

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.

In fact gambling with anything other than USDT is not my fav thing, although I remember last few years back when I used my bitcoin to test a casino then the price of Bitcoin was far lower than the 65k price we are in at the moment and luckily I won the vet, which almost above 2.5 odds that is some big money in bitcoin then, I withdrawn everything and exchanged it to fiat, my most remembered jackpot.

But ever since then, I have not fancy using bitcoin to gamble and at most I can easily send USDT to my account as fast as possible and in some cases zero fees.

Bitcoin for me is more of an assets not to gamble with, considering the market volatilities in it.