till end of this year I can see bitcoin will be top coin that’s why better store some coin.
i think it already is
Topic: Are you guys started to gambling with cryptos or fiat money? (Read 1271 times)
i think it already is
September 08, 2019, 10:29:55 AM
I also prevent myself in betting using bitcoin because all of my BTC is sacred and only assigned for holding(not unless time comes I will be needing for emergency)
Great point.
Would be interesting to do a poll about what cryptocurrency people bet with most.
Or maybe a poll about "Do you ever bet with BTC, or just HODL BTC (and bet with other crypto)?"
September 08, 2019, 10:21:48 AM
I'm still worried about the usage of BTC because of the volatility of the price.
Sure, volatility is definitely an issue with BTC when omving from fiat. But it is just as likely to be a positive issue as a negative issue - BTC goes up as well as down, right? If you are a +EV bettor and long BTC, then betting in BTC makes more sense than betting in fiat, regardless of short-term volatility. If you're a recreational bettor, then BTC (and crypto generally) has some benefits over fiat, even though the UX is often not quite as good as in fiat sportsbook/casino.
But we don’t need to just use Bitcoin in betting because dogecoin and other alts will do the same with small value than bitcoin.
I also prevent myself in betting using bitcoin because all of my BTC is sacred and only assigned for holding(not unless time comes I will be needing for emergency)
September 08, 2019, 09:33:36 AM
I'm still worried about the usage of BTC because of the volatility of the price.
Sure, volatility is definitely an issue with BTC when omving from fiat. But it is just as likely to be a positive issue as a negative issue - BTC goes up as well as down, right? If you are a +EV bettor and long BTC, then betting in BTC makes more sense than betting in fiat, regardless of short-term volatility. If you're a recreational bettor, then BTC (and crypto generally) has some benefits over fiat, even though the UX is often not quite as good as in fiat sportsbook/casino.
That's a different perspective, it almost treats fiat like a sh1tcoin!
I think quite a few people think like you as well. On the run up to BTC ATH in 2017, we heard that people gambled less with their BTC because the returns from just HODLing were so good. Why risk losing that "guaranteed" (i.e. not guaranteed!) profit on gambling. So they held their BTC and gambled with fiat. Lots of nuances in this question.
September 08, 2019, 07:03:38 AM
Due to the fact that you don’t need any KYC for most of crypto gambling sites I prefer crypto. I would never do KYC for a gambling site so gambling with fiat money wouldn't be an option for me.
No one should have to identify themselves for fun.
That’s what we all do ,playing in sites that has no KYC requirements(but there are some who don’t indicate their KYC at first because I have read some issue about that sometime and they surprisingly implementing KYC once you hit jackpot os something close to that winning)No one should have to identify themselves for fun.
But absolutely I will choose betting using crypto(not unless I’m going in live casino)
I think if a gambling site wants to implement KYC they should do it for all the players who are playing on the site. Hitting a jackpot and then suddenly you came to know that you need the kyc to withdraw this amount is sometimes not fair. Many gamblers do not want to disclose themselves.
I'm still worried about the usage of BTC because of the volatility of the price.
Sure, volatility is definitely an issue with BTC when omving from fiat. But it is just as likely to be a positive issue as a negative issue - BTC goes up as well as down, right? If you are a +EV bettor and long BTC, then betting in BTC makes more sense than betting in fiat, regardless of short-term volatility. If you're a recreational bettor, then BTC (and crypto generally) has some benefits over fiat, even though the UX is often not quite as good as in fiat sportsbook/casino.
Basically it is easy to gamble with crypto, that's the only reason why me and many other gamblers prefer to gamble in bitcoins and altcoins. I feel unsecure spending my credit cards on online gambling sites.
September 08, 2019, 06:48:45 AM
Not only because of volatility but also because crypto is highly profitable to keep holding I never bet in crypto but I keep holding it and gamble with fiat only. I was investing with crypto so my friend told to save crypto and invest only fait now i am having crypto also I am a good gambler so wish me luck the same people.
I hope all of us gamblers wanting to win is a good gambler like you.
Did a lot of strategies to win but I am not really lucky to win those bets.
Guess gambling is not really for me. I am not using my fiat nor depositing any of it since I might be addicted to that. As I said, I just usually use some Satoshis on the faucet that I can get.
September 08, 2019, 06:26:07 AM
Well i've started gambling with cryptos since the age of 17 since casinos in my country will required to age of 21 for you to enter but i am playing some slots and casino games in facebook since the age of 13 you can call me an addict though but i don't mind it since it was my past time anywho, back on topic, the first online casino i've played was bitvest.io since that site has my favorite game which is plinko and that time i've discovered that you can gamble at the minor age at these online casinos anonymously but i advised that not gamble at such minor age i've i do especially at public places..
September 08, 2019, 12:59:49 AM
I'm still worried about the usage of BTC because of the volatility of the price.
Sure, volatility is definitely an issue with BTC when omving from fiat. But it is just as likely to be a positive issue as a negative issue - BTC goes up as well as down, right? If you are a +EV bettor and long BTC, then betting in BTC makes more sense than betting in fiat, regardless of short-term volatility. If you're a recreational bettor, then BTC (and crypto generally) has some benefits over fiat, even though the UX is often not quite as good as in fiat sportsbook/casino.
September 07, 2019, 04:55:12 AM
I'm still worried about the usage of BTC because of the volatility of the price.
Sure, volatility is definitely an issue with BTC when omving from fiat. But it is just as likely to be a positive issue as a negative issue - BTC goes up as well as down, right? If you are a +EV bettor and long BTC, then betting in BTC makes more sense than betting in fiat, regardless of short-term volatility. If you're a recreational bettor, then BTC (and crypto generally) has some benefits over fiat, even though the UX is often not quite as good as in fiat sportsbook/casino.
September 06, 2019, 05:20:56 PM
Due to the fact that you don’t need any KYC for most of crypto gambling sites I prefer crypto. I would never do KYC for a gambling site so gambling with fiat money wouldn't be an option for me.
No one should have to identify themselves for fun.
That’s what we all do ,playing in sites that has no KYC requirements(but there are some who don’t indicate their KYC at first because I have read some issue about that sometime and they surprisingly implementing KYC once you hit jackpot os something close to that winning)No one should have to identify themselves for fun.
But absolutely I will choose betting using crypto(not unless I’m going in live casino)
September 06, 2019, 03:15:43 PM
Due to the fact that you don’t need any KYC for most of crypto gambling sites I prefer crypto. I would never do KYC for a gambling site so gambling with fiat money wouldn't be an option for me.
No one should have to identify themselves for fun.
That’s what we all do ,playing in sites that has no KYC requirements(but there are some who don’t indicate their KYC at first because I have read some issue about that sometime and they surprisingly implementing KYC once you hit jackpot os something close to that winning)No one should have to identify themselves for fun.
But absolutely I will choose betting using crypto(not unless I’m going in live casino)
September 06, 2019, 02:49:26 PM
Due to the fact that you don’t need any KYC for most of crypto gambling sites I prefer crypto. I would never do KYC for a gambling site so gambling with fiat money wouldn't be an option for me.
No one should have to identify themselves for fun.
The reason is when you deposit using the fund(fiat), of course, you will use your own ATM card or credit card. And that happens it will be linked to your personal information which is not good at gambling. While using crypto there is no KYC verification and you send fund via altcoins of bitcoin so you still hiding and being anonymous. I prefer to use crypto than fiat.No one should have to identify themselves for fun.
September 06, 2019, 12:54:17 PM
Due to the fact that you don’t need any KYC for most of crypto gambling sites I prefer crypto. I would never do KYC for a gambling site so gambling with fiat money wouldn't be an option for me.
No one should have to identify themselves for fun.
The reason is when you deposit using the fund(fiat), of course, you will use your own ATM card or credit card. And that happens it will be linked to your personal information which is not good at gambling. While using crypto there is no KYC verification and you send fund via altcoins of bitcoin so you still hiding and being anonymous. I prefer to use crypto than fiat. No one should have to identify themselves for fun.
September 06, 2019, 10:03:22 AM
Due to the fact that you don’t need any KYC for most of crypto gambling sites I prefer crypto. I would never do KYC for a gambling site so gambling with fiat money wouldn't be an option for me.
No one should have to identify themselves for fun.
No one should have to identify themselves for fun.
September 06, 2019, 09:34:30 AM
I can see that you didn’t pay attention to the smiley he had in front of the comment or you do not understand him. He was only kidding and I don’t believe there’s any gambler that does not value their BTC not this time we are eagerly waiting for bull run.
I love cryptocurrency a lot but never gamble with my BTC, there are a lot of smaller coins that can be used, and being rich doesn’t not mean one would now waste money. It’s a clear joke. I protect my Bitcoin and I am very sure everyone does same. And back to the post, lets not even stage any comparison between fiat and cryptocurrency gambling because it is too clear that cryptocurrency is much better than fiat.
If you continue with the mindset of love for BTC and then fail to risk then you are ready to make it in gambling. We all cherish our Bitcoin, but to be realistic, it is better to use it to play than to use smaller coins because the BTC brings bigger profit when a game is won but it’s a your choice anyway, maybe you are just extremely careful and I understand but for me I take big risks in gambling.I love cryptocurrency a lot but never gamble with my BTC, there are a lot of smaller coins that can be used, and being rich doesn’t not mean one would now waste money. It’s a clear joke. I protect my Bitcoin and I am very sure everyone does same. And back to the post, lets not even stage any comparison between fiat and cryptocurrency gambling because it is too clear that cryptocurrency is much better than fiat.
I started using fiat to gamble, I believe everyone did except those that just came into gambling few years ago and they might not have the horrible experience we had with fiat, comparing fiat and cryptocurrency is like comparing advanced country with non-developed country.
He probably doesn't want to gamble with his precious coins at all
. That "Gambling is too risky" is not a good excuse to avoid it completely. Cryptocurrency trading is risky too but lots of people trade anyway.A risk taker like me could easily avoid losing alot by testing with tiny amounts of Bitcoin. But I probably will learn gambling well before taking the risk
September 06, 2019, 09:20:25 AM
I usually use fiat money before in sport betting against my coworkers especially from Basketball from a minimum of $10 every game and just for fun but as I discovered crypto and gambling sites I realized its more easy to use and more fast processing if you want to cash out your money from winnings and the best thing is even you stuck on traffic outside you can easily gamble your money converted crypto using your smartphone anytime, anywhere as long as you can access online gambling sites.
Gambling with crypto creates us with a larger and easier space but there are many problems in this direction, the first is probably that we will be more easily addicted to gambling than ever because with fiat, a few betting games per week are quite many but with crypto, providing too much information and matches, we can gamble all day and forget everything, that is very scary. Next, the value of crypto is basically not fixed, sometimes one day we may realize we have lost a huge amount of money when we gambled with crypto, Fiat should probably be preferred September 06, 2019, 03:42:22 AM
Well for me, I'd sometimes used fiat in our local especially during fiestas. There is no casino in our place to play, only our chance to put some bets by visiting gambling site which I've sometimes been doing right now but it doesn't mean that I'm addicted into this.
I usually use fiat money before in sport betting against my coworkers especially from Basketball from a minimum of $10 every game and just for fun but as I discovered crypto and gambling sites I realized its more easy to use and more fast processing if you want to cash out your money from winnings and the best thing is even you stuck on traffic outside you can easily gamble your money converted crypto using your smartphone anytime, anywhere as long as you can access online gambling sites.
Yet to find it more comfortable than visiting offline casinos and it makes people become addicted. It is much easier to use crypto than fiat today when using online casinos but I'd like to think that it has also a bad result and that is by losing a lot.
September 06, 2019, 03:18:20 AM
I usually use fiat money before in sport betting against my coworkers especially from Basketball from a minimum of $10 every game and just for fun but as I discovered crypto and gambling sites I realized its more easy to use and more fast processing if you want to cash out your money from winnings and the best thing is even you stuck on traffic outside you can easily gamble your money converted crypto using your smartphone anytime, anywhere as long as you can access online gambling sites.
September 06, 2019, 02:54:15 AM
Yeah i think there is a need for polling so we know the statistics. In my opinion most people only know and play gambling when the crypto is present. crypto becomes an easy bridge for players to play gambling, so many people then start to play gambling with crypto, like me.
Cryptocurrency is an ideal choice for gambling for a number of reasons. Cryptocurrency is very similar to poker chips, because of this it is easier for players to perceive psychologically. This can be called a big advantage over fiat money, which is not so easy to part with. The game begins to bring much more positive emotions. Of course, all people are different, but for the most part it works like this. September 06, 2019, 02:20:33 AM
I started with fiat money, before cryptos, but only in sports bets, but after I found about cryptos I started to gambling in online casinos
And I prefer to bet with BTC, it's easier to play in any website I want
Before cryptos, it was hard to bet in my country because we have some strict laws against casinos and the IPs usually were blocked
And I prefer to bet with BTC, it's easier to play in any website I want
Before cryptos, it was hard to bet in my country because we have some strict laws against casinos and the IPs usually were blocked
There should be a poll on this it's a good study to check if people started gambling after they were introduced to Crypto online gambling, I think after the introduction of online gambling especially in Cryptocurrency people start to gambling because it's easy to fund your wallet, coming from bounty airdrop and other sources of income from Cryptocurrency, this is what happened to me after I was introduced to Cryptocurrency.
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