Bitcoin Is Dumping, Does It Really Push You to Gamble More?

[SUPERSAIAN]

I don't really gamble with Bitcoin so this isn't something I would do because the price is dumping, I would rather hold and keep waiting for the bull run to hit the market instead of taking the risk of gambling with a valuable asset like bitcoin. To me I feel like the risk is not worth taking because once you lose it then it's gone for good but in holding even if the price is dumping you can still end up recovering.

I don't really prefer gambling with Bitcoin. If it's falling, I might choose to buy Bitcoin, but that has nothing to do with gambling. If I want to gamble, I will, but only if I have extra money and don't touch my Bitcoin fund. I also don't try to buy Bitcoin with the money I win; I'm already trying to buy it.

[bhadz]

I don't really prefer gambling with Bitcoin. If it's falling, I might choose to buy Bitcoin, but that has nothing to do with gambling. If I want to gamble, I will, but only if I have extra money and don't touch my Bitcoin fund. I also don't try to buy Bitcoin with the money I win; I'm already trying to buy it.

That is what we must do when Bitcoin is dumping. We should buy more instead of gambling with it. The accumulated Bitcoins that we've got should be kept and left untouched because we know how valuable it is and harder to accumulate when the price increases more after this dump. The connection of it with gambling is that there are gamblers that have some bitcoin holdings that due to their negligence and emotions, they're touching it when they have no other options left to gamble with. So if we've got some altcoins ready to gamble with, better use them if you're only looking to have fun with the games that you've chosen to be with.

[HelliumZ]

When the price of Bitcoin starts to fall, I stop participating in gambling by selling Bitcoin. Since the price of Bitcoin is falling, since if you sell Bitcoin or convert it to dollars, you will get less dollars. That is, you will get much less dollars than before, so selling Bitcoin will not be profitable for that period. Since I participate in gambling with a certain portion of my signature promotion weekly payment or budget, it is not possible for me to sell Bitcoin in the dumping market.

[kawetsriyanto]

Bitcoin dump doesn't have anything to do with my gambling activities, its better to stay away from gambling if you are going to bring in that mentality of trying to recover what you lost in bitcoin investment.

Ideally, it doesn't bring impact to gambling activity because it has nothing to do with gambling. Sure, it is better to stop gambling temporarily if we get emotional because of losing in Bitcoin investment. We can gamble again after we can calm our mind! We must always remember that we never try to gamble whenever we can't deal with our emotion. This only leads to severe losses.

During a bearish season I try as much as possible not to gamble because I know that I would get emotional which could lead to irresponsible gambling, don't let your investment interfere with gambling activities

No problem to stop gambling temporarily if you feel you have bad mood. It is a much better option than trying to gamble excessively to recover the losses in Bitcoin. At least, we won't face the risk of losing more huge money if we stop it. Well, you made a wise way. You don't follow the people who try a nonsense way to recover the losses during the bearish season.

[dimonstration]

Yes, it can happen — when Bitcoin dumps, some people feel tempted to “recover” losses quickly through gambling, and that’s a risky mindset. In those moments, it’s better to take a break and avoid betting emotionally. I try to stay disciplined, and if I do place bets, I use AvaBet with clear limits so I don’t tilt.

I agree on this because I’m guilty of doing this in the past. Luckily, I manage to win most of those cases I’m trying to recover losses but experiencing the loss while I can just hold and wait for recovery is much easier to do.

I’m not doing it anymore as an experienced gambler. I don’t mixed my trading funds to gambling funds to avoid improper expenses that usually result to unnecessary losses.

[Nothingtodo]

With Bitcoin dumping again so I’m wondering how this actually affects people who are into gambling.

Some treat this like “inflation.” and that is when BTC keeps losing value, they start thinking about pulling funds out and trying to double it through casinos or betting, just to recover losses.But honestly, does that really make sense? If you take that risk, you’re basically moving your BTC from something that can still recover over time into a game where the odds are already against you. One bad session and your “recovery plan” is gone. Even if you win once, most people end up playing again, trying to win more, until they give everything back.

From a gambler’s perspective, do you really feel more confident taking risks during a dump, or is it just frustration talking?

The price of Bitcoin is now on the decline, meaning I don't want to continue my gambling with Bitcoin right now because Bitcoin has fallen in price, meaning if I continue to gamble with my Bitcoin holdings right now, I will definitely lose a lot. However, I am currently continuing my gambling with my previous stablecoin USDT. And I am saving my Bitcoin holdings so that when the market goes higher, I can sell those Bitcoin holdings and continue my gambling.

[Aanuoluwatofunmi]

Bitcoin market falls could rather discourage many from gambling instead of encouraging them to do so, as it is commonly believed that during the market fall like this, so many people go in loss because they were unable to wait patiently to hold,  despite the market fall, I'm only more persuaded by being convinced, personally, without any factor pushing me to do so, desiration to gamble is what should come naturally and not by how motivated we are from any source to gamble.

[taufik123]

I agree on this because I’m guilty of doing this in the past. Luckily, I manage to win most of those cases I’m trying to recover losses but experiencing the loss while I can just hold and wait for recovery is much easier to do.
I’m not doing it anymore as an experienced gambler. I don’t mixed my trading funds to gambling funds to avoid improper expenses that usually result to unnecessary losses.

Better like that, there are separate funds for gambling and trading, because gambling can be classified as an entertainment in my personal opinion,
it does not require a lot of money and has been allocated only for an entertainment game, there is no addiction and other negative things.

Even though Bitcoin is crashing, gambling can be a pastime when the market is down But not to use too much money,
because we all know a lot of losses in a crash like this and those who don't have any spare money will sell their holdings.

Don't rely on a gamble to recoup losses from crypto, it's the wrong path and full of risks.
There are no easy wins, only luck that may appear but will not continue to happen.

[Yamifoud]

Bitcoin dump doesn't have anything to do with my gambling activities, its better to stay away from gambling if you are going to bring in that mentality of trying to recover what you lost in bitcoin investment. During a bearish season I try as much as possible not to gamble because I know that I would get emotional which could lead to irresponsible gambling, don't let your investment interfere with gambling activities. Gambling more because the price of bitcoin is reducing is only going to make you overly emotional and you would make mistakes.

Perhaps you have a choice as to which stuff you have to focus on. But if we think that gambling could help us recover from our investment losses, I doubt it works. Instead, it adds more pressure in our minds because it was not the solution.

As a gambler, I don't care if Bitcoin's price is low. I'm still gambling.
As an investor, I'd never think of gambling when losing. I'd rather consider making another investment.

That is why we should not rush into making decisions. Stay calm and focus on our goal rather than thinking of any shortcuts.

[Lida93]

Bitcoin dump doesn't have anything to do with my gambling activities, its better to stay away from gambling if you are going to bring in that mentality of trying to recover what you lost in bitcoin investment. During a bearish season I try as much as possible not to gamble because I know that I would get emotional which could lead to irresponsible gambling, don't let your investment interfere with gambling activities. Gambling more because the price of bitcoin is reducing is only going to make you overly emotional and you would make mistakes.

It's awkward to be honest to even think about it. Because how does it even relate that you're jumping from bitcoin on to gambling to recover whatever you may have lost from your bitcoin investment due to the dumping...  It's actually better to use the funds you would be using to gamble to buy extra bitcoins to your stacks at a cheaper price, you get more bitcoin with the lowering dips.

We can always separate funds for gambling from that of investment so as not to have a mix up with what and where to channel a particular funds due to emotional. Gambling has never proven to be a place of dependency for recovery but rather a web of more losses.

[Fivestar4everMVP]

Bitcoin market falls could rather discourage many from gambling instead of encouraging them to do so, as it is commonly believed that during the market fall like this, so many people go in loss because they were unable to wait patiently to hold,  despite the market fall, I'm only more persuaded by being convinced, personally, without any factor pushing me to do so, desiration to gamble is what should come naturally and not by how motivated we are from any source to gamble.

When the price of Bitcoin is falling, alot of crypto businesses starts to manage funds in the most judicious way they can because it's a season of less profit and high chances of a loss, and I expect that gamblers have this same type of mindset as well because my very self won't gamble when the price of Bitcoin is falling except is there is fiat reserve I have that I have no plan of using for anything important, I can decide to spend some of those on gambling if I really feel like gambling at that time, else, I will simply wait until the market recovers.

So you are right when you said that Bitcoin falls would rather discourage gambling than encouraging it, and I also feel that in some casinos, winning a significant amount of money can or may be easier during a green market period than when the market is facing or going through a major correction..
Just my personal thought though, may or may not be true.