Does the market influence your bet?

[Dr.Bitcoin_Strange]

I don't bet with Bitcoin except on some occasions, as a Bitcoiner, holding is my priority. I can not buy Bitcoin at $100k and then start using it to gamble when the price has drop to $70k, that would make me lose part of my asset and I don't want to. Anyone that wants to gamble purchase Bitcoin instead of using Bitcoin from their portfolio whose value has dropped below their bought price.

[yahoo62278]

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?

When the market is dropping I like to use it to my advantage and stack bitcoin on wins. Rainbet allows you to deposit in many currencies and regardless of the currency you deposited, you can cash out in any currency they offer. So if you depo usdt, make a sportsbet, win the bet, you can cashout in bitcoin if you wish. We all know bitcoin will recover at some point, just a matter of waiting for that point.

[hyudien]

I no longer gamble with bitcoin, I can almost count on one hand over the past few years, its value is too precious for me. But when facing market conditions like this, one step I take is to reduce the intensity of my gambling or reduce the budget whether it's stablecoins or fiat. Because we need to realize that the market conditions that are currently being faced are very dear to miss, instead of me hoping on gambling to double my bitcoin through winnings it is better to be realistic by increasing the budget to buy bitcoin directly. After all, whether the budget is small or large, gambling provides the same fun and thrill.

[Promocodeudo]

When the market is down, it's  better to buy more Bitcoin than spending it not to talk of even gambling with. Moreover gambling is not the best way to accumulate more Bitcoin since winning is not certain, it's better that gamblers who choose stablecoins especially now that the market is down instead of risking their Bitcoin.

I wonder how some persons will think that the best they could do when the market is down is to gamble with there Bitcoin, are they doing it to increase their Bitcoin of what, may that's the reason, how sure are they that such will work although you have already made it clear that winning in gambling is not assured, so whats the inspiration behind this, although these are personal decisions that anyone is free to make, but I understand something, when the market is down some persons feels that it won't rise again, infact they will start to think abstract all in the name that the market is down, to me I agree with you that as the market is down, it is adviseable for us to accumulate more Bitcoin.

[Chibit01]

When the market is down, it's  better to buy more Bitcoin than spending it not to talk of even gambling with. Moreover gambling is not the best way to accumulate more Bitcoin since winning is not certain, it's better that gamblers who choose stablecoins especially now that the market is down instead of risking their Bitcoin.

So do you prefer to convert your Bitcoin to stablecoin before gambling with it or you prefer to just spend what you consider to be the budgeted money for gambling, we have people who earn either through trading or what ever means and it comes in bitcoin and part of that there earning they use it for gambling even as value is dropping such type of person don’t care they just know that they are spending a specific unit of bitcoin as long as it makes them happen, converting and using stablecoin and using bitcoin is all same thing as long as there is spending that’s going to happen.

[sotelorene]

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 use normal Fiat to gamble and therefore whether Bitcoin is low or high I don't really care because it doesn't affect me in anyway. I know there are people that uses Bitcoin to gamble and some other Crypto and I don't really see how Bitcoin decline would affect them in their gambling I mean it is not a normal trade where you predict the direction or movement of Bitcoin no, but rather it is been used to predict games and if you are lucky you win so I don't see how this will affect gamblers.

[Sammye3]

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?

The price of bitcoin would not change my choice of asset for gambling, because I think it would be a lot more convenient to gamble with an asset you hold in your possession and not over inconsistent altcoins.  Bitcoin would always be superior over all altcoins and whatever price fluctuations would not change my choice. This analysis is based on if I actually take casino games seriously because I am more of a sports bettor than casino gambler.

[casey15]

I think my depends on how much you wager. For someone like me who doesn't bet a large sum on a single game, because I like following the rule of betting what you can afford to lose at the moment, It doesn't really affect me so much. Because I have a pre-calculated value in USD that I can put on the line. So sometimes I just bet the BTC equivalent no matter the market conditions. It feels the same to me. But when you bet big, your wager will drop significantly because the market will definitely have a huge tool on your  BTC equivalent to the USD value you want to bet with.
For me BTC is still an alternative as I place most of my bet in USDT . But anytime I want to bet using BTC, I can just convert the USDT equivalent to BTC no matter the market conditions .

[Mpamaegbu]

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

That's the one option I like. Besides it looking like I'm wasting a great opportunity saving my Bitcoin for the future to avoid stories of, "how someone wasted a certain amount of Bitcoin gambling when it was low that's now worth so so and so" (we all know that sob stories of those in the past), it also allows me stabilize my capital. I would rather gamble with $30 USDT than gamble with $30 worth of BTC. The notion of that scares me.

[Muba20]

From my perspective, those who gamble with Bitcoin definitely give priority to their own security. And a gambler tries to find out how to win and how to gamble more safely. That is why those who bet with Bitcoin will usually be interested in using Bitcoin. When betting with Bitcoin, even if the price decreases, the amount or odds of Bitcoin do not change, which is why I think that even if the price increases or decreases, it is not a big problem for gambling. But for those who try to gamble with ordinary small amounts of money, it can have a negative role. Which one the gambler feels more comfortable with is the gambler's own decision.

[r_victory]

With Bitcoin falling, a larger amount of satoshis will be needed for a $5 bet, for example, whereas with Bitcoin rising, the amount of satoshis required decreases. This means that if the market recovers, the potential loss will be greater. I've always preferred using stablecoins and keeping Bitcoin solely as a store of value; I even used it initially, but it no longer makes sense to me.

[Richbased]

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.

Yeah when the market price reduces, the quantity of bitcoins you used in staking the bet remains the same but the value reduces which implies that no matter the price of bitcoin as at the time you staked a bet, the amount used to stake a bet is unchanged but what will make you smarter is when you hold your bitcoins after a win. This is even the best time to gamble with bitcoin if you are not planning to sell anytime soon because it is another way to maximize profits in the long run. Many people do not understand the psychology behind bitcoin because they feel that when the price is falling, the amount of bitcoins also reduces but that is not true.

[Alex077]

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?

The volatility of the crypto market has completely changed the way people bet with Bitcoin. Because the price of BTC fluctuate, it add an extra layer to your winning and loss. Unlike regular money the value of Bitcoin can increase or decrease rapidly after you deposit or win. This mean that the real value of your bankroll depend not only on the result of your bet but also on the market

When the price of BTC drop I switch to USDT or TRX or another altcoin to lock in the value and avoid additional loss due to price drop. Many people stay with Bitcoin because the market will eventually rise no matter where the market goes. For me I actually see gambling as just entertainment not much care about up and down

[tabas]

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.

That's good when you did it in advance before the drop. So, you have that peace of mind compared to the others like me that will have to wait before this correction stops and will show some stability again. While no doubt that we can still gamble with the funds and BTCs that we have accumulated. It's a decision that you have to decide carefully because many of us don't want to spend that when it's quite low in price. The ideal time of spending it is when it's on the peak and so we can gamble however we want.

[Pi-network314159]

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?

This current dip in Bitcoin price can only affect those that have Bitcoin in their casino fund as bankroll. Those who have USDT or Ton coin or any other altcoin will never think of it that way.  Although some altcoin has Also fell alongside with Bitcoin, but however Bitcoin will dip more than those altcoin. Like I prefer using USDT to gamble, so I don't see this Bitcoin current price as anything. I am just hoping I win huge amount from Gambling altcoin so I can use it to buy Bitcoin now it's dip. I don't like using Bitcoin to gamble because it looks to me  as a waste of asset expecialy after some years of gambling and I discovered that if I had Left it without gambling, I would have had a large portfolio with more BTC if I didn't gambld..

[Youngrebel]

If you gamble immediately after the deposit, the market would not affect your bets but if you keep the deposit and thinking that you will use it to gamble later in the week or the day and the price decreased, you will lose. So it is not good to keep Bitcoin in the gambling site mostly within the week at this time when the price is not stable at all. I send Bitcoin from non custodial wallet day after yesterday and before the coins arrived, the price has dropped so I have to wait again till this evening when bitcoin hit $71k then I sold it off.
So why I am saying her is that if you keep your Bitcoin in the casino for further gambling plan, it will affect the unit when the price reduce.

[|MINER|]

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, in my case, I mostly prefer gambling with stable currencies, but sometimes I use Bitcoin because I get Bitcoin payments in signature campaigns, and at the same time, I also gamble with TRX or Litecoin or Polygon coin to reduce transaction fees and withdrawal fees.
However, there are definitely times when I gamble with stable currencies because in that case I don't have to worry about the volatility of the coin.  However, in my personal experience, the volatile coins I have gambled with have not had any impact on the market because even if the market price decreased, I did not face much trouble because I would have finished my gambling within a short time.

[batang_bitcoin]

I don't bet with Bitcoin except on some occasions, as a Bitcoiner, holding is my priority. I can not buy Bitcoin at $100k and then start using it to gamble when the price has drop to $70k, that would make me lose part of my asset and I don't want to.

That will make you lose the value of what you've held for so long and then you didn't even sold at the top. So, it's a big loss by spending that Bitcoin you hold when it's dropped to $70k as of now. While that's still a decision that someone needs to think of it for themselves.

Anyone that wants to gamble purchase Bitcoin instead of using Bitcoin from their portfolio whose value has dropped below their bought price.

That's a bad decision if they're seeing it that its value dropped so much and will use it to gamble. But for the gamblers that have notice, they can spend that if they wish to. Although accumulating new Bitcoins again is going to be harder once the recovery is final and done.

[khiholangkang]

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, this is quite influential, feeling that the coins I hold have decreased so I thought let's double them at the casino hahaha, because there are some coins that I bought with a small amount and experienced a decrease of more than 50% I usually play, only in that way can we get the possibility of winning, even though the content is only to accompany boredom, but honestly this method is more logical than waiting for the altcoins that I hold to return to the price we bought, especially if we buy altcoins during the previous bullish period, of course this will be a very big minus in the coin price and we can lose more, it makes me annoyed which finally sometimes thinks let's play as much as we want at the casino, sometimes it becomes an arena for revenge in the hope of luck, sometimes it becomes a satisfaction from investment losses.

[Nwada001]

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.

It's really better to save bitcoin than spend it, but when you don't have a choice and you don't really call it anything, then I don't see anything wrong in doing that as long as it's not being done with the intention to multiply your bitcoin. That's where it will be all wrong, as you can only lose the bitcoin instead of achieving the purpose of increasing it.