Do Casino Promotions Slow Down During Bear Markets?

[Sammye3]

A bull run is like a celebration in the crypto space, so when people are in profit, they’re more willing to spend, and that’s why gambling activity usually increases. It’s simple, when you’re winning, you feel more confident to play and take risks.

But during a bear market, most people are in loss, so instead of spending, they just hold their Bitcoin and wait for the market to recover. Still, even in bad times, there’s always enough activity going on to keep the industry profitable.

This is totally relatable and a fundamental principle,  because anyone in loss would not want to risk being in more losses but rather hold on to little income that settles in. Imagine someone who has an asset worth $500 and it falls down to $250, thats a whole lot of money lost and you dont expect such person to further engage in investing if there is no stable source of income provided.

[danherbias07]

Could it just be a coincidence? I have no proof or experience about this, as I was not really checking the sudden drop in promotions. I mean, the casino platform that I use has not really stopped its weekly and monthly promotions, and its sports promotions are also active.

I know bear markets could also mean fewer gamblers, but it could also be the other way around. Since it's a bear market and there's nothing to profit from, they might actually target gambling to make some. So, promotions could actually be beneficial for both events.

[Findingnemo]

Don't think so, since the campaigns are switched to dollars per post or fixed amount in dollars but paid in fiat but back it was like in the bitcoin only so the price volatility should not affect their advertising budget. But the number of new casinos popping up will be less in the bear market so it obviously means less signature campaigns.

[Peanutswar]

Well when it comes with the current stand of the market right now tons of players affected because their coins has a value well not unless its stable coin so there's a higher chance they will priority their money first than playing gambling at the casino, but well people have different mindsets when it comes to the market and the funds for the casino itself. But seems its different perspective when it comes with the gambler and a trader because they play for the sake of the money no matter what the outcome of the market it is as long as their funds are good to play.

[Porfirii]

In my experience I agree with other members who said that there is a correlation between bear markets and the decline in the number of promotions held by casinos in the forum, although I think that it is a small one. While some casinos can pause their campaigns, I think that the biggest ones are more resilient and it doesn't matter the point of the cycle, they continue with their marketing strategy no matter the sentiment in the markets.

[Olatundespo]

The world economy is in a state of uncertainty. The dollar is depreciating and the world's strong market system is gradually being damaged. The world is witnessing a long war between Russia and Ukraine, while the situation in the Middle East is negatively affecting the world economy and causing inflation in poor countries. Market instability reduces liquidity, resulting in financial distress among investors and gamblers. The current situation indicates that direction. Although a decentralized crypto system is being developed, it has a negative impact on the crypto market during a global financial crisis. The income of casinos and online gambling platforms associated with it is decreasing somewhat.

[Z-tight]

I have not noticed this. People gamble in any market and casinos know this, bull or bear does not really affect them that much, nor their promotion. There are still a lot of signature campaigns in the forum and if you are correct that there are fewer ones now than normal, then it can only be a coincidence.

However, i believe many people even gamble with usdt, which is a stablecoin, rather than BTC.

[Fiatless]

That has been the really fact with crypto casinos. When the price of Bitcoin is falling, these companies are losing money because they have holdings in many cryptocurrencies including Bitcoin, Ethereum, Solana, BNB and others that are volatile currencies.
Since they are losing money, there is possibility that they might reduce their marketing during the bear market.

When a firm gets less revenue, its promotion budget might be reduced. Since many gamblers would reduce the amount they spend on gambling, this could affect the income of casinos. For now, there are still many gambling signature campaigns around. Let's see how the situation will be in a few months if the price of cryptocurrencies keeps falling.

[bakasabo]

That has been the really fact with crypto casinos. When the price of Bitcoin is falling, these companies are losing money because they have holdings in many cryptocurrencies including Bitcoin, Ethereum, Solana, BNB and others that are volatile currencies.
Since they are losing money, there is possibility that they might reduce their marketing during the bear market.

When a firm gets less revenue, its promotion budget might be reduced. Since many gamblers would reduce the amount they spend on gambling, this could affect the income of casinos. For now, there are still many gambling signature campaigns around. Let's see how the situation will be in a few months if the price of cryptocurrencies keeps falling.

But companies does not make promotion budget adjustment instantly when market situation changes. They do calculations monthly, quarterly, annually. They dont reduce promotion budget now, because market turned red yesterday. Nevertheless, I dont think casinos have noticeable difference in revenue when crypto market changes. Some might use gambling to cover finances losses from investment. Besides, people gamble all the time, its an endless money flow for casino. Even if they get less today, they might get more tomorrow. They gamble with amount of income

[Akbarkoe]

I just noticed that now the market is dumping, it feels like promotions like signature campaigns are getting fewer on the forum.

During bull season, casinos and gambling sites probably expect people to gamble more, since everyone feels richer. But during bear season, most gamblers tighten their budget and spend less. So does that mean casinos also reduce their promotions when the market is down? Is this what we’re seeing now?

Or is it just coincidence?

What do you guys think, have you noticed the same trend?

This sounds very reasonable because crypto casinos depend on market trends. If in bullish times there will be a lot of people betting not because they feel rich but I think they have enough profits they will have many activities they want to do including gambling, they also definitely reduce marketing costs to secure their treasury, especially new casinos that are not yet popular, but those who are mature in terms of their loyal consumers, I think bearish times are actually an opportunity for them to remain consistent in having active marketing.

[AmoreJaz]

Well when it comes with the current stand of the market right now tons of players affected because their coins has a value well not unless its stable coin so there's a higher chance they will priority their money first than playing gambling at the casino, but well people have different mindsets when it comes to the market and the funds for the casino itself. But seems its different perspective when it comes with the gambler and a trader because they play for the sake of the money no matter what the outcome of the market it is as long as their funds are good to play.

But the OP is talking about the promotions here in the forum. I believe, the impact on the number of promotions is not that big. Because whether there is up or down movement in the market, still, the casinos which are doing their promotions are still continuing their respective campaign. But maybe, for those who want to relaunch or launch their campaign will pause if the market is not that good because they need players to get their business started. And if the market is not doing good, it means, some gamblers would have hesitation to play especially in a newly-launched casino.

[Stepstowealth]

So does that mean casinos also reduce their promotions when the market is down?

It is very possible considering the fact that many gamblers will also avoid gambling during this season and other people who are not yet gamblers but have bitcoins will be totally uninterested to try gambling with their bitcoins in this season where they are seeing their portfolio value reduce.
 All this will affect the casino's profits so they may need to reduce promotions and cut budget so they do not run at a loss. It is business management.

[Bluedrem]

Yes, there are some logical reasons for this. Many of the people who use F Forum are related to crypto currency, in which case they use the money they earn through crypto currency to gamble, but when the market enters the winter season, in most cases the income of these forum users decreases, so they cannot gamble in large amounts, and since gambling platforms run campaigns here so that people gamble on their platforms, naturally when people do not have money, they will not gamble, keeping in mind that gambling campaigns are less seen on this forum.

[aylabadia05]

Or is it just coincidence?

What do you guys think, have you noticed the same trend?

I think it's just a coincidence between the red market and the lack of casino promotions. Every casino has allocated money for promotions on all types of platforms that they believe have positive traffic for them. But, I don't know. Maybe the dumping market and the lack of casino promotions do have an influence. But I'm still not sure if this is related to the declining market. Again, maybe I'm wrong and inaccurate.

[Sim_card]

I can't really tell if vasinos are really slowing down with their signature campaign during the bear season because the bear season started since October 10th and we had a lot of casinos running signature campaign here to the point that the ones already here increased their slots. I think, it's normal in the first quarter of every year for casinos to slow down their promos with signature campaigns while from the last quarter of the year, we see them rushing into the forum because of the end of the year holidays.

[Odusko]

In my experience over the years, the trend is yes, but that doesn't mean it's a catastrophe.

Are you sure about this? I do not think so because of what I noticed in 2022, but maybe previous years can be like that. I remember in 2022, there was bear market since January to December, but there were many new campaigns on this forum at the time. If I remember very well, mixers was also among them that flooded this forum. But let us see how this year will be as the bear market continues.

I also don't think or believe that market conditions have role to play in the availability of new signature campaigns, but also yes when there is is decline in the market it can affect the general budget since most casinos also holds their liquidity in volatile assets like bitcoin so the market effects can be there for the general industry but for casinos that doesn't count much in my understanding bear market or bull market casinos thrives in the business.

[Pi-network314159]

I just noticed that now the market is dumping, it feels like promotions like signature campaigns are getting fewer on the forum.

During bull season, casinos and gambling sites probably expect people to gamble more, since everyone feels richer. But during bear season, most gamblers tighten their budget and spend less. So does that mean casinos also reduce their promotions when the market is down? Is this what we’re seeing now?

Or is it just coincidence?

What do you guys think, have you noticed the same trend?

I don't think what you have explained here is the primary reason why casino reduce their promotion or neither is it the reason signature campaign are getting fewer, I just believe that it could probably be a coincidence. Casino don't want to know if you have money or not. They can as well think otherwise that during Bear season people would like to risk their coin to gamble of they could double up their money and take advantage of the Bear market. So casino can think of anything but we can't be sure.

[Dr.Bitcoin_Strange]

Since I came on this forum, I have only experienced bull and bear market twice on the forum and it's just this bear market that I'm noticing that casino campaign is not coming up as they were but it could just have been a coincidence and probably not the influence of the market, perhaps the already existing casino campaigns are still ongoing. There's no time that gamblere are not always gambling and it is promoting that always drive the customer of casinos, they should not have a special season to do promotion.

[Smartprofit]

In my experience over the years, the trend is yes, but that doesn't mean it's a catastrophe.

Are you sure about this? I do not think so because of what I noticed in 2022, but maybe previous years can be like that. I remember in 2022, there was bear market since January to December, but there were many new campaigns on this forum at the time. If I remember very well, mixers was also among them that flooded this forum. But let us see how this year will be as the bear market continues.

Yes, I agree with you. I also got the impression that during a bear market, the number of signature campaigns on our forum doesn't decrease, but rather increases. 🙋

I attribute this to the fact that during a bear market, gamblers are more willing to use cryptocurrency for online casino betting. In a bear market, people lose faith in the future prospects of Bitcoin and other cryptocurrencies. Cryptocurrencies are beginning to be perceived as bad money (meaning, constantly depreciating). And bad money should be spent, not hoarded. And one more thing... When you gamble, there's always a chance to win!💸

By the way, I believe we're no longer in a bear market, but at the very beginning of a bull market. That's my theory. I believe in it .💫

[Mhizlove]

Have notice it because when it feels like the market is active, abd everyone feels like there is alot of money in it now this is when casinos do come with their promos and complains to get people's attention. And when the market isn't that active or it fall you will notice that the promos and adverts will reduce and the complaints too will less it's just a normal business mindset, you see if people hold on to their money casinos will not spend unplanned or careless. So wat we are seeing or experiencing is not  new rather it matches what the market is showing us now