Do Casino Promotions Slow Down During Bear Markets?

[Yaunfitda]

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 so, on the contrary, they should be promoting more on the bear market. Market is down and so there could be more gamblers that might want to take the risk so that they fiat could go up just like in the bull run. So nothing will change, casinos are all in the business of money. Maybe it's just a coincidence that there are fewer campaigns. But still, there could be new casinos that are going to born, regardless of the market. And do we have the numbers though to back up this claim that fewer signature campaigns during the worst time of the market? Just asking and see and compare it during the bull run. But then again, as I have said, it could be just a coincidence and nothing more.

[drangos]

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 so, on the contrary, they should be promoting more on the bear market. Market is down and so there could be more gamblers that might want to take the risk so that they fiat could go up just like in the bull run. So nothing will change, casinos are all in the business of money. Maybe it's just a coincidence that there are fewer campaigns. But still, there could be new casinos that are going to born, regardless of the market. And do we have the numbers though to back up this claim that fewer signature campaigns during the worst time of the market? Just asking and see and compare it during the bull run. But then again, as I have said, it could be just a coincidence and nothing more.

I believe that both of these points of view might be correct to some extent. During bull markets, casinos tend to win more due to more traffic by more players and larger deposits, thus they need not worry about running large promotions and signature campaigns. During bear markets, certain platforms can cut marketing budget in order to contain expenditure. Nevertheless, some can in fact boost promotions by getting more people to use the site and fight over limited expenditure. A campaign drop does not necessarily reflect a rule, though it may vary with the strategy, reserves and plans of growth of any casino. It is difficult to demonstrate a definite trend without actual campaign statistics over market cycles. Either it can be market effect - or timing.

[Asuspawer09]

That is just a normal thing that is going to happen every time it's bear market or a bull run. Of course, people are going to gamble more when the prices of Bitcoin or crypto is going to since they feel like they are earning al ot of money and they are making profit on it, you could easily sell or we can say that it is a good time to sell if the market is on bullrun, and vice versa of course it is not a good time to sell for bear market so there are a lot of funds that is being hold or either way being sold for a lose, so you are most likely to gamble that since you already felt the lose.

Also the gambling platforms are also holding or accepting cryptocurrency as a direct deposite they dont really convert it right away when you deposit they are just holding it, meaning this platform are also investing and holding cryptocurrency, so if the market is down they are also affected by the market, they also need to either cut some of the expenses like on there marketing, I mean we see a lot of platform get bankrupt last time when the market was just dump. That is just normal, this platforms are also at risk, unless they are managing it great, and have a lot of liquidity ready for this kind of situation.

[viljy]

I believe that both of these OP factors can be combined here. And some gamblers can reduce their gambling expenses, and some casinos can reduce their advertising expenses. It all depends on their financial condition. If they have suffered losses in the fall of cryptocurrencies, then of course the costs will be reduced. That is, this phenomenon is situational in nature, therefore short-term. Since the gambling industry has always been at least profitable in the long term, and now in recent years it has only been growing due to the growth of online casinos, largely due to the integration of cryptocurrencies into the gambling industry.

[KiaKia]

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

In my experience over the years, the trend is yes, but that doesn't mean it's a catastrophe. Just as in a bull market, there are times when large casinos that have been around for a long time end their campaigns here. Although the trend is for budgets to be reduced and for there to be fewer campaigns and fewer slots available.

I don't believe this, the question is are gamblers going to stop gambling because there is a bear market? Let's not forget that there was a time where Fiat is the only thing you can use to gamble, bull or bear market shouldn't concerns casinos because people gambles regardless.

Casinos are not standing strong because they are backed by bitcoin, they choose to implemented crypto payment because of the crowd that shows interest on crypto, from my own side as a gambler I prefer using crypto to gamble because of its simplicity.

[bakasabo]

Still dont think that bear market is the moment when promotion slow down. Why would it slow down after all? Because people have less money to gamble? Imo not everyone lose during bear market, some manage to earn. Bear or bull markets should not be reasons for casino to decrease promotion budget. General customer lower awareness can be the reason to decrease promotion budget. Customer acquisition costs aka promotion performance can be inneffective.

[Taskford]

Still dont think that bear market is the moment when promotion slow down. Why would it slow down after all? Because people have less money to gamble? Imo not everyone lose during bear market, some manage to earn. Bear or bull markets should not be reasons for casino to decrease promotion budget. General customer lower awareness can be the reason to decrease promotion budget. Customer acquisition costs aka promotion performance can be inneffective.

Right, because the decline happening in the market has nothing to do with urge of people to gamble.

Since gamblers would provably play at whatever market situation currently happening. Also majority of gamblers don't provably pay much attention on the decline happening, since eventually they can just deposit other alternative alts if they really want to gamble. Only people trades will provably halt their activities since they might just wait for situation of the market became more better before they execute their next positions.

[bakasabo]

We always read how gambling industry is growing all the time. We have bear and bull markets all the time. If casino manage to earn during both market trends, why would it slow down promotion? Industry growth tell us that promotion budgets are increasing instead. During both trends people earn and lose money. During both trends, in casino, customers change places, previous gamblers who managed to earn are replaced with ones who earn on current market.

[Leahized]

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?

Many times such incidents can happen. When the market is very good, all coins tend to increase in price. And every gambler thinks he can earn more money through gambling.And at that time the amount of funds that the casino has keeps increasing. But when the bear market starts, the amount of funds gradually decreases and the gamblers suffer a lot. That's probably why many gamblers cut back on gambling.  But there are many reasons why casinos stop their promotions but recession is not a specific problem.

[|MINER|]

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?

Although I don't think there is any connection between gamblers gambling less or gambling more during the bear market, since the gambling sites are based on the cryptocurrency, we can see some impact on the casino market in this case. At the same time, another thing to note here is that in the case of bull season, everything has a positive hype and at the same time our point of view is also positive, so the perspectives seem different to us.

[hero_the_bossman]

Still dont think that bear market is the moment when promotion slow down. Why would it slow down after all? Because people have less money to gamble? Imo not everyone lose during bear market, some manage to earn. Bear or bull markets should not be reasons for casino to decrease promotion budget. General customer lower awareness can be the reason to decrease promotion budget. Customer acquisition costs aka promotion performance can be inneffective.

They have muchhhh more metrics to judge why they do so.

I too don't see this fact as the one deciding where and how much the budget for marketing and promos go..

[Japinat]

They have muchhhh more metrics to judge why they do so.

I too don't see this fact as the one deciding where and how much the budget for marketing and promos go..

And this could be one of the metrics OP is talking about. They observe the market and decide if it’s worth spending money on promotion, based on whether they think people are still willing to gamble.

The thing is, during a bear market, most people aren’t really in a good mood. Many of us who hold Bitcoin long-term start to worry, some even panic. Gambling is usually the last thing on their mind. So interest drops, and marketing naturally becomes less effective.

[Rashlyowl]

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

I'm still new to the forum, so I don't have any views regarding promoting signature campaigns on the forum. However, it makes sense that promotions carried out by gambling sites decrease during bear markets because people restrain themselves from losing more after the value of their portfolio falls. It would probably be good if we had some data for this, such as record of when signature campaigns were released under certain conditions (specific month & year).

[peter0425]

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

Maybe because there’s less payments too or casinos are less inclined to spend as well. Maybe they know gamblers won’t be wanting to spend anyway but imo this should be the time that they should be marketing more so they can keep profits up.

[Agbe]

Casino promotions slows down when the market is bearish because they are aware that the income of gamblers are low or dropped to a large extent. This doesn't mean that promotions just disappears totally, they only lay low based on the fact that gamblers are already incurring losses during such times and they might be uninterested in those promos and this is a normal thing that happens every bear season.

[CryptoHeadlineNews]

Apart from the bear period which the crypto market is experiencing recently, this is also January, the first month of the year whereby most companies tend to re-strategize and plan on how they intend to operate for the rest few months that will be profitable to it's business. So in regards to that, I definitely think that bear market also has a role to play in the slow launching of signature campaigns. Because imagine if a company with $100,000 in Bitcoin had budgeted to start a signature of $5000 for the month of January for promotions, and only to wake up the next few days to see his $100,000 fall to $80,000, and yet it kept depreciating in value, such company will definitely wants to take a break to re-strategize on how they intend to play the budget again.

[MRY]

Casino promotions slows down when the market is bearish because they are aware that the income of gamblers are low or dropped to a large extent. This doesn't mean that promotions just disappears totally, they only lay low based on the fact that gamblers are already incurring losses during such times and they might be uninterested in those promos and this is a normal thing that happens every bear season.

When the casinos are shifting towards promoting less, it is the acknowledgment by the casinos of the fact that we as people cannot inject a lot of new capital into their games. We find ourselves less interested in betting schemes when the asset values fall, because it becomes ranker with fewer extremities of that sort than in period of prosperity to manage bankroll. You are correct that the collapsed advertising is merely logical response of the industry to the low liquidity we are in; in this lean season.

[bhadz]

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?

That is not a coincidence because that's really what happens when the market seems to be in a bear market. The value of the crypto that the casinos will use for the promotions have dropped a lot unless they've got it in stable coins. The budgeting really becomes tightened when the market is like this, so sluggish and so they are also slowing down the marketing that they do. But I think a casino that's very stable, it doesn't have to slow down even if the market turns into bear because they have allotted a budget in it which mostly is done for several months to a year.

[lionheart78]

It is just a coincidence, in my opinion.  Casinos never stop planning on their marketing and promotions so if ever we felt that they suddenly slows down, it is possibly that their promotion has recently ended and is on a transition of launching another one.

Casinos promotion is not tied on the value of cryptocurrency but on  their marketing and promotional launching schedule

[yhiaali3]

So in regards to that, I definitely think that bear market also has a role to play in the slow launching of signature campaigns. Because imagine if a company with $100,000 in Bitcoin had budgeted to start a signature of $5000 for the month of January for promotions, and only to wake up the next few days to see his $100,000 fall to $80,000, and yet it kept depreciating in value, such company will definitely wants to take a break to re-strategize on how they intend to play the budget again.

This makes perfect sense. Yes, a drop in the price of Bitcoin and cryptocurrencies in general will lead to a decrease in the budget allocated for campaign spending, and this will result in reduced promotional campaigns or shorter durations.

Of course, it's not the only factor, but it's another factor added to the others we mentioned that cause most companies and casinos to become less active during a bear market.