Does the market influence your bet?

[DubemIfedigbo001]

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.

Even though they convert your coins, if you are depositing from your holdings, then you are really running at a big loss. If you want to gamble with bitcoin at this bearish time, the best thing to do from my perspective is to buy up with fiat so you get same value for the amount you bought.

Stable coins are really the best these times since they're not suffering from the high volatility bitcoin is undergoing

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.

It is always very good to place yourself at some kind of financial advantage. I had to convert my reserved funds in BTC to USDT for gambling and other activities since I was expecting this price drop, now I don't have to worry much about it since I prepared for it. People can still gamble with their accumulated BTC holdings if they are comfortable with it, but I don't think it is a financially wise thing to do.

[promise444c5]

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.

Even though they convert your coins, if you are depositing from your holdings, then you are really running at a big loss. If you want to gamble with bitcoin at this bearish time, the best thing to do from my perspective is to buy up with fiat so you get same value for the amount you bought.

Stable coins are really the best these times since they're not suffering from the high volatility bitcoin is undergoing

Well, that’s the point..When I mentioned that some casinos automatically convert your deposit, it implies that it makes no real difference, since the coin will be converted into something stable anyway. This means it’s better to deposit a stablecoin or use other stable means , though the option is still available for anyone who prefers to deposit something like Bitcoin.

[Cointxz]

Well, that’s the point..When I mentioned that some casinos automatically convert your deposit, it implies that it makes no real difference, since the coin will be converted into something stable anyway. This means it’s better to deposit a stablecoin or use other stable means , though the option is still available for anyone who prefers to deposit something like Bitcoin.

Duelbits is the only casino that I play which they automatically convert any currency deposit in to their $ then you can choose to any currency when withdraw the funds which means you can still get the same currency but protected with the market volatility.

I believe some user doesn’t aware on what you are trying to suggest here by using such casino on market like this.

That feature is very good to avoid losses on market downfall while gambling.

[shield132]

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?

If the price falls and I have a majority of my investment into coins, then I'm not really in the mood to gamble because I experienced a significant financial loss (which I know is temporary). Btw if I have my savings in USD, then I'm in a good mood and will buy some coins for gambling but I love gambling when there is a bull market and I have my savings in Bitcoin, Eth or other cryptocurrency because during the bull market, I have lots of money and even a small amount of coins worth a lot, which allows me to have a lengthy gambling sessions.

[sleepfirefly]

if the market is low, i assume the general perception is also not that positive. not much will be buying let alone spending their bitcoin. when the market is doing well, more people would want to spend and gamble because the mindset is that if they win they will be winning more. but now even if you win the value won't be that bigger so people won't find it that attractive.

[michellee]

I used stablecoins to gamble which is more convenient for me. I don't have to worry with the price fluctuating and only use some amounts that I can afford. It was a long time before I used Bitcoin to gamble but after realize the precious, I stop deposit Bitcoin and use it to gamble.

My experienced using altcoins was in Litecoin and so far that is good experienced which don't need takes too long to takes the full confirmations for deposit and withdrawal. TRX is also good for betting and have low fees so that will depends on yourself.

I prefer to keeps Bitcoin as my investment so I can sells Bitcoin when the price increase. But some people using Bitcoin to gamble because they want increasing their Bitcoin amount.

[aoluain]

two ways to look at it.....

Currently the Bitcoin market is at $65k - its either still a great price, the same as 12 months ago
or the market has crashed. Its kind of "half full" or "half empty" mentality.

For me the market doesnt influence my betting, then again I am not a high roller or high stakes
type of gambler so I continue as before and use Bitcoin.

Bitcoin and Altcoins still offer a more discrete way of depositing funds into gambling

[Yaunfitda]

two ways to look at it.....

Currently the Bitcoin market is at $65k - its either still a great price, the same as 12 months ago
or the market has crashed. Its kind of "half full" or "half empty" mentality.

For me the market doesnt influence my betting, then again I am not a high roller or high stakes
type of gambler so I continue as before and use Bitcoin.

Bitcoin and Altcoins still offer a more discrete way of depositing funds into gambling

Right mate, for some of us, it might not affect our betting preference as gamblers will be gamblers. And regardless of the market conditions, we are going to take that risk and continue to bet. Maybe some will used us dollar peg crypto, or those old school gamblers who still wanted to use their Bitcoin as for them it's sound money and doesn't look at the condition of the market. Still though, gambling industry will not stop simply because of the worsening market conditions. For all we know, gamblers knows what is happening right now and might not be affected by the FUD and the downturn. We simply wanted to gamble that's it.

[Don Pedro Dinero]

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?

Not really, because even though I deposit using bitcoin. Once credited and I start to bet, the account usually expresses my bets in dollars or euros, so volatility does not influence me. I've hardly ever used altcoins in my life. Some stablecoin and little else. What can stop me from depositing are excessively high transaction fees, such as those we had around the halving of 100 sats/vByte or more.

[rdluffy]

I use stablecoins for betting, either USDT or USDC
I've only used BTC a few times

The price drop of all crypto hasn't changed the way I bet, but the market has caught my attention, and I think I end up having less time to bet or at least analyze my bets better, since I spend more time looking the market

The market in this downturn already generates enough betting opportunities, hahaha 
I'm looking for a good time to invest more money in BTC

[Kelvinid]

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?

There is no huge difference between using BTC and altcoins if you spend the same amount. Well, they might just differ on the TRX fees. But as a longtime user of altcoins/stablecoins, I don't think the market condition affects a lot. A real gambler will never look into the price but rather focus on gambling.

Of course, choosing the lowest TRX fees is a wise choice, but this also depends on the availability of the casino. But nowadays, most casinos accept several coins, which gives the gamblers the option of which they prefer.

[Charles-Tim]

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

Tron (TRX) is not a stable coin, why do you ask if people should hold their money there instead? I noticed tron did not really fall, but that does not mean it can not fall more at anytime.

I will prefer to use stable coin to gamble at anytime instead of using my bitcoin to gamble. I prefer to just hold my bitcoin irrespective of the time.

[mcdouglasx]

If someone was previously betting using Bitcoin, the best thing for them, in my opinion, is to continue betting with the same proportion of Bitcoin (when the price drops). This way, they contribute to the use of Bitcoin, since supply and demand control the market price. If everyone hoards or sells out of fear, the market suffers. For example, if they were previously betting 0.0001 BTC, they should continue with the current 0,0001, even if it's a smaller amount. If you're loyal to Bitcoin, you shouldn't worry about the fiat currency conversion, just as those who only bet in fiat currency aren't concerned about the price of Bitcoin.

However, if you don't mind using fiat or a stablecoin for this, go ahead; it's currently the best option for maintaining a balance.

[TheUltraElite]

I have seen addicted gamblers take no respite during the games. The people who are addicted never really care about the rising or falling prices of cryptocurrency. They are only interested in the game and their possible wins.

Now the diligent gamblers are not like that all the time, they might become careful and stop gambling during rising prices and restart playing when the prices drop.

However the players are gambling with their mind in the proper place, might want think twice when prices are rising, like a habit, because cycles will keep cycling.

[Beparanf]

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

Tron (TRX) is not a stable coin, why do you ask if people should hold their money there instead? I noticed tron did not really fall, but that does not mean it can not fall more at anytime.

As I understand his statement he doesn’t categorize TRX as stablecoin rather it’s less volatile assets which I disagree either.

This coin grow a lot of value in the past and becames less volatile compared before but this token is off my list since it’s Justin Sun main holdings.

I will prefer to use stable coin to gamble at anytime instead of using my bitcoin to gamble. I prefer to just hold my bitcoin irrespective of the time.

Bitcoin is too precious now to be gamble away.

[Leahized]

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.

In gambling I used to bet with usdt most of the time because nothing will affect the market here. It is natural that most gamblers use Bitcoin. If the market goes down for any reason, then he will lose a lot and should refrain from betting at that time. But those who hold bitcoins don't worry about the value dropping. Because the price went down, the amount of Bitcoin remained the same (1 BTC = 1 BTC).Maybe many people gamble with altcoins and if they win, they are reluctantly forced to sell at a loss. And I think one should be very careful when the market is in bad condition.

[YOSHIE]

Does the market influence your bet?

Even though the crypto market is currently plummeting, I personally have no influence on gambling activities, because since the fees charged on Bitcoin, I have felt comfortable using USDT until now.

It is true that crypto casinos currently have many choices of cryptocurrencies that can be used, but it all depends on individual taste, of course the choice of which one feels comfortable to use for betting.

In short, to avoid high fees it seems I am comfortable with USDT, the market has no influence on me, even though USDT falls.

[$crypto$]

I have not gambled with bitcoin for a long time since the shipping fee was expensive --- now deposits to casinos have many options from many altcoins and also stablecoins that have very cheap transactions so currently always use stablecoins for gambling (USDT).

Maybe if I deposit thousands of dollars in bitcoin, then the price falls it will feel how the value goes down, don't know for whale gamblers who use bitcoin maybe they are a little worried about the decline now.

[Doan9269]

Its likely possible that the market influences our bet, because if the gambler experience more of losses with his bitcoin holding, he may not be in the mood to cheerfully gamble and stake, knowing that he has been in loss already and the market wasn't in his favor, this may just be a reason to set him discouraged about gambling and not to be a the mood to play bet, because by then he may be seeing that as additional losses to come in if he loses.

[dunfida]

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 it would be that depending on someones preference on which there are those gamblers who do give out importance with their Bitcoins and being mindful about on the amount that they are accumulating. Lets say that you are just that really playing for fun but you are that thinking that mindful about into the amount that you are using specially on bitcoin that you've been spending into. We do know that once the market is on bearish or dump condition on which the amount based up on USD conversion on which it is that way more compared when it is already on high price on which means the more lower Bitcons price is then the more amounts of coins that you would be losing on which this would be that coming up into your mind on which this is just that normal. This is where some gamblers would be going for USDT gambling or some cheaper alternatives like TRX or even still using DOGE.

If you are that dont minding about on whatever that you've been using since you are just that making use into the amount that you can afford to lose then you wouldnt be bothering yourself on whatever you would be using.