Bitcoin price and gambling | Bitcointalksearch.org

cramcram21

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Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

Well it affects the player who uses USD instead of bits,
for instant the player want's to gamble only 5 USD he/she would only send 5 USD unlike those who play with bits and don't even care about the price they will send for example 10,000 bits

audaciousbeing

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The relevance of bitcoin price to gambling is what I don't understand because bitcoin itself is a currency you deposit to wager and when you win you withdraw you bitcoin whether the value is $1000 or $100 it does not matter so far you are not withdrawing fiat instead of btc. Also if the value of btc should increase not only in your wallet it increases its general and it affects the gambling site as well. And finally its the multiplying effect of what one puts in he will get you cant put 0.001btc now and expect the multiplying effect of 0.05btc. Its just not possible.

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Quote from: stadus on January 19, 2017, 10:19:44 PM

Quote from: michkima on January 19, 2017, 10:10:31 PM

Quote from: FlightyPouch on January 19, 2017, 09:40:49 PM

Quote from: Cyndonald on January 19, 2017, 08:52:56 AM

I think if you spend bitcoin for gambling at this time, it's not good for you because the bitcoin will rise up highly after Trump officially became the president of USA. Just hold it and you can get more earning from bitcoin increase later.

Well i dont mind spending my bitcoin because i can use giveaways and free bitcoins that every casinos or site gave me. It is not a problem even if the price of bitcoin increases because that is not a basis of a gambler to gamble, right? they are just gambling to have fun or have some profits from it, which is not that good. Well it is a good news if the bitcoin's price is increasing but i dont think that it will affect some gamblers.

If someone is gambling for profits then it would be better if he just held the bitcoins instead of gambling it. But if you are gambling for fun that is another matter. You just play with it and gamble for fun. However, as bitcoins rise people who convert fiat into bitcoins and gamble will have a harder time in casinos. As their bank roll will be lower each time bitcoins rises.

That would only be applicable and feasible if you have a decent amount to invest with your bitcoin, while some have enjoyed the increase of bitcoin's value but some has seek to grow their money in a faster way. That faster way is in gambling, you are taking both risk or using bitcoin and gambling and that means higher risk, however, we still gonna accept it as we want higher income as well.

Big or small if you try gambling than just waiting for the bitcoins to appreciate in price then I think the latter will still win. Since in gambling there is really little chances of winning and multiplying your bet to some target profit. It's hard and kinda impossible. That is how gambling works, the casinos will always win over their gamblers.

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Quote from: michkima on January 19, 2017, 10:10:31 PM

Quote from: FlightyPouch on January 19, 2017, 09:40:49 PM

Quote from: Cyndonald on January 19, 2017, 08:52:56 AM

I think if you spend bitcoin for gambling at this time, it's not good for you because the bitcoin will rise up highly after Trump officially became the president of USA. Just hold it and you can get more earning from bitcoin increase later.

Well i dont mind spending my bitcoin because i can use giveaways and free bitcoins that every casinos or site gave me. It is not a problem even if the price of bitcoin increases because that is not a basis of a gambler to gamble, right? they are just gambling to have fun or have some profits from it, which is not that good. Well it is a good news if the bitcoin's price is increasing but i dont think that it will affect some gamblers.

If someone is gambling for profits then it would be better if he just held the bitcoins instead of gambling it. But if you are gambling for fun that is another matter. You just play with it and gamble for fun. However, as bitcoins rise people who convert fiat into bitcoins and gamble will have a harder time in casinos. As their bank roll will be lower each time bitcoins rises.

That would only be applicable and feasible if you have a decent amount to invest with your bitcoin, while some have enjoyed the increase of bitcoin's value but some has seek to grow their money in a faster way. That faster way is in gambling, you are taking both risk or using bitcoin and gambling and that means higher risk, however, we still gonna accept it as we want higher income as well.

michkima

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Quote from: FlightyPouch on January 19, 2017, 09:40:49 PM

Quote from: Cyndonald on January 19, 2017, 08:52:56 AM

I think if you spend bitcoin for gambling at this time, it's not good for you because the bitcoin will rise up highly after Trump officially became the president of USA. Just hold it and you can get more earning from bitcoin increase later.

Well i dont mind spending my bitcoin because i can use giveaways and free bitcoins that every casinos or site gave me. It is not a problem even if the price of bitcoin increases because that is not a basis of a gambler to gamble, right? they are just gambling to have fun or have some profits from it, which is not that good. Well it is a good news if the bitcoin's price is increasing but i dont think that it will affect some gamblers.

If someone is gambling for profits then it would be better if he just held the bitcoins instead of gambling it. But if you are gambling for fun that is another matter. You just play with it and gamble for fun. However, as bitcoins rise people who convert fiat into bitcoins and gamble will have a harder time in casinos. As their bank roll will be lower each time bitcoins rises.

FlightyPouch

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Quote from: Cyndonald on January 19, 2017, 08:52:56 AM

I think if you spend bitcoin for gambling at this time, it's not good for you because the bitcoin will rise up highly after Trump officially became the president of USA. Just hold it and you can get more earning from bitcoin increase later.

Well i dont mind spending my bitcoin because i can use giveaways and free bitcoins that every casinos or site gave me. It is not a problem even if the price of bitcoin increases because that is not a basis of a gambler to gamble, right? they are just gambling to have fun or have some profits from it, which is not that good. Well it is a good news if the bitcoin's price is increasing but i dont think that it will affect some gamblers.

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Quote from: FlightyPouch on January 16, 2017, 08:37:05 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

If i am a very big gambler, and i bet everyday making profit or losing, I dont really care if the bitcoin price go high or low. I will not stop gambling because i did not gamble because of the bitcoin's price. I gambled because I want to earn some and I want to get some, I want to have fun. Even if the bitcoin's price drop to a $200 price, i think gamblers will never stop gambling, they really don't care.

ya like that soul gamblers do not judge each bitcoin prices now, going up or down. which according to him is a pleasure and the victory, and he can spend a lot of money for one day, he thought gambling was a pleasure. Grin

lite

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Quote from: Cyndonald on January 19, 2017, 08:52:56 AM

I think if you spend bitcoin for gambling at this time, it's not good for you because the bitcoin will rise up highly after Trump officially became the president of USA. Just hold it and you can get more earning from bitcoin increase later.

Bitcoin price doesn't matters to gamblers, let's say if they gamble and win then they'll have more bitcoins, ultimately more money if the price increases.

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Quote from: carlisle1 on January 19, 2017, 08:16:45 AM

Quote from: CraigWrightBTC on January 19, 2017, 08:03:58 AM

Quote from: hurain on January 17, 2017, 06:38:47 AM

Quote from: eaLiTy on January 16, 2017, 06:20:21 PM

Quote from: ipanks on January 13, 2017, 11:04:21 PM

Quote from: CraigWrightBTC on January 13, 2017, 10:51:51 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

I don't think bitcoin's price is affecting the markets of gambling, but bitcoin is affecting on gambling game
because right now many gambling websites that accept bitcoins for betting on there.
Although bitcoin's price going down, it is still accepted on gambling website.

its true and i think the gambler might be reduce their bet to follow with bitcoin price, because if they use the same amount of bitcoin, then they just make double their bet and maybe its depend their luck to get win or not. but for me, i will reduce my bitcoin amount to make a bet because its too risky for me to continue with the same amount and i think i am not good in gambling games.

If you are really active in gambling sites you might not come to a conclusion like this.Most of the high rollers does not really gamble looking at the price of the coin as even when the price of bitcoin touched over $1000 high rollers are still coming in to wage their bets as usual,but for me i do purchase my coins if i want to gamble so i do manage my bank roll according to the price.

most of the people do not care for the price because they do not care for conversion of bitcoin from one form to another , they only play keep in mind that the play with bitcoin just like people do it in fiat or their local currency.

Yup most the gamblers use bitcoin for making betting because bitcoins is easy, simple, cheap, anonymous, fast and
bitcoins can be used on the internasional website gambling that accept bitcoins than use fiat money for making betting
it will need time and must pay fees for convert to other fiat currencies is like USD.

and its also have fastest transaction and there's a lots of bitcoin casinos now, in gamblers mind price is nothing what is important is for them to place bets and enjoy their activity inside the gambling sites.

Correct,gamblers would really dont matter on how much would be the current price of bitcoin because they would still definitely play gambling.You are right price is nothing and using bitcoin is the fastest mode of payment of playing gambling thats why they will normally use it.

Cyndonald

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I think if you spend bitcoin for gambling at this time, it's not good for you because the bitcoin will rise up highly after Trump officially became the president of USA. Just hold it and you can get more earning from bitcoin increase later.

rozee

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i don't think if bitcoin price will affect for gambling world except bitcoin price is reach more than $4000 per bitcoin
in my opinion is if gambler don't too care about bitcoin price but they concern of winning huge amount of bitcoin
bitcoin price will affect for traders include trading activity of altcoins

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Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

Unfortunately when Bitcoin price goes up, some gamblers take it as an excuse to gamble with the extra money they happend to get due to the rising. They mostly end up losing much more than they gained but they are unable to think of it beforehand.

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Quote from: CraigWrightBTC on January 19, 2017, 08:03:58 AM

Quote from: hurain on January 17, 2017, 06:38:47 AM

Quote from: eaLiTy on January 16, 2017, 06:20:21 PM

Quote from: ipanks on January 13, 2017, 11:04:21 PM

Quote from: CraigWrightBTC on January 13, 2017, 10:51:51 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

I don't think bitcoin's price is affecting the markets of gambling, but bitcoin is affecting on gambling game
because right now many gambling websites that accept bitcoins for betting on there.
Although bitcoin's price going down, it is still accepted on gambling website.

its true and i think the gambler might be reduce their bet to follow with bitcoin price, because if they use the same amount of bitcoin, then they just make double their bet and maybe its depend their luck to get win or not. but for me, i will reduce my bitcoin amount to make a bet because its too risky for me to continue with the same amount and i think i am not good in gambling games.

If you are really active in gambling sites you might not come to a conclusion like this.Most of the high rollers does not really gamble looking at the price of the coin as even when the price of bitcoin touched over $1000 high rollers are still coming in to wage their bets as usual,but for me i do purchase my coins if i want to gamble so i do manage my bank roll according to the price.

most of the people do not care for the price because they do not care for conversion of bitcoin from one form to another , they only play keep in mind that the play with bitcoin just like people do it in fiat or their local currency.

Yup most the gamblers use bitcoin for making betting because bitcoins is easy, simple, cheap, anonymous, fast and
bitcoins can be used on the internasional website gambling that accept bitcoins than use fiat money for making betting
it will need time and must pay fees for convert to other fiat currencies is like USD.

and its also have fastest transaction and there's a lots of bitcoin casinos now, in gamblers mind price is nothing what is important is for them to place bets and enjoy their activity inside the gambling sites.

CraigWrightBTC

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Quote from: hurain on January 17, 2017, 06:38:47 AM

Quote from: eaLiTy on January 16, 2017, 06:20:21 PM

Quote from: ipanks on January 13, 2017, 11:04:21 PM

Quote from: CraigWrightBTC on January 13, 2017, 10:51:51 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

I don't think bitcoin's price is affecting the markets of gambling, but bitcoin is affecting on gambling game
because right now many gambling websites that accept bitcoins for betting on there.
Although bitcoin's price going down, it is still accepted on gambling website.

its true and i think the gambler might be reduce their bet to follow with bitcoin price, because if they use the same amount of bitcoin, then they just make double their bet and maybe its depend their luck to get win or not. but for me, i will reduce my bitcoin amount to make a bet because its too risky for me to continue with the same amount and i think i am not good in gambling games.

If you are really active in gambling sites you might not come to a conclusion like this.Most of the high rollers does not really gamble looking at the price of the coin as even when the price of bitcoin touched over $1000 high rollers are still coming in to wage their bets as usual,but for me i do purchase my coins if i want to gamble so i do manage my bank roll according to the price.

most of the people do not care for the price because they do not care for conversion of bitcoin from one form to another , they only play keep in mind that the play with bitcoin just like people do it in fiat or their local currency.

Yup most the gamblers use bitcoin for making betting because bitcoins is easy, simple, cheap, anonymous, fast and
bitcoins can be used on the internasional website gambling that accept bitcoins than use fiat money for making betting
it will need time and must pay fees for convert to other fiat currencies is like USD.

hurain

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Quote from: eaLiTy on January 16, 2017, 06:20:21 PM

Quote from: ipanks on January 13, 2017, 11:04:21 PM

Quote from: CraigWrightBTC on January 13, 2017, 10:51:51 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

I don't think bitcoin's price is affecting the markets of gambling, but bitcoin is affecting on gambling game
because right now many gambling websites that accept bitcoins for betting on there.
Although bitcoin's price going down, it is still accepted on gambling website.

its true and i think the gambler might be reduce their bet to follow with bitcoin price, because if they use the same amount of bitcoin, then they just make double their bet and maybe its depend their luck to get win or not. but for me, i will reduce my bitcoin amount to make a bet because its too risky for me to continue with the same amount and i think i am not good in gambling games.

If you are really active in gambling sites you might not come to a conclusion like this.Most of the high rollers does not really gamble looking at the price of the coin as even when the price of bitcoin touched over $1000 high rollers are still coming in to wage their bets as usual,but for me i do purchase my coins if i want to gamble so i do manage my bank roll according to the price.

most of the people do not care for the price because they do not care for conversion of bitcoin from one form to another , they only play keep in mind that the play with bitcoin just like people do it in fiat or their local currency.

traderethereum

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Quote from: FlightyPouch on January 16, 2017, 08:37:05 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

If i am a very big gambler, and i bet everyday making profit or losing, I dont really care if the bitcoin price go high or low. I will not stop gambling because i did not gamble because of the bitcoin's price. I gambled because I want to earn some and I want to get some, I want to have fun. Even if the bitcoin's price drop to a $200 price, i think gamblers will never stop gambling, they really don't care.

yes i am agree with that, every gamblers don't think about the bitcoin price and they still playing gambling whenever bitcoin price is high or low. bitcoin price and gambling is not related, which mean if bitcoin price is high or low, its not affecting with the market of gambling.

FlightyPouch

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Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

If i am a very big gambler, and i bet everyday making profit or losing, I dont really care if the bitcoin price go high or low. I will not stop gambling because i did not gamble because of the bitcoin's price. I gambled because I want to earn some and I want to get some, I want to have fun. Even if the bitcoin's price drop to a $200 price, i think gamblers will never stop gambling, they really don't care.

Granxis

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Quote from: CraigWrightBTC on January 13, 2017, 10:51:51 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

I don't think bitcoin's price is affecting the markets of gambling, but bitcoin is affecting on gambling game
because right now many gambling websites that accept bitcoins for betting on there.
Although bitcoin's price going down, it is still accepted on gambling website.

I agree with you that with the fluctuation of the price of bitcoin, there is not much to do with the gambling system, only if the price of bitcoin increases much more, the problem may occur.

eaLiTy

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Quote from: ipanks on January 13, 2017, 11:04:21 PM

Quote from: CraigWrightBTC on January 13, 2017, 10:51:51 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

I don't think bitcoin's price is affecting the markets of gambling, but bitcoin is affecting on gambling game
because right now many gambling websites that accept bitcoins for betting on there.
Although bitcoin's price going down, it is still accepted on gambling website.

its true and i think the gambler might be reduce their bet to follow with bitcoin price, because if they use the same amount of bitcoin, then they just make double their bet and maybe its depend their luck to get win or not. but for me, i will reduce my bitcoin amount to make a bet because its too risky for me to continue with the same amount and i think i am not good in gambling games.

If you are really active in gambling sites you might not come to a conclusion like this.Most of the high rollers does not really gamble looking at the price of the coin as even when the price of bitcoin touched over $1000 high rollers are still coming in to wage their bets as usual,but for me i do purchase my coins if i want to gamble so i do manage my bank roll according to the price.

ipanks

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Quote from: CraigWrightBTC on January 13, 2017, 10:51:51 PM

Quote from: kongosplit on January 04, 2017, 03:16:26 AM

Hello,

We all see how big is going to be Bitcoin again but personally I am thinking how the bitcoin price is affecting the market of gambling?

Cheers

I don't think bitcoin's price is affecting the markets of gambling, but bitcoin is affecting on gambling game
because right now many gambling websites that accept bitcoins for betting on there.
Although bitcoin's price going down, it is still accepted on gambling website.

its true and i think the gambler might be reduce their bet to follow with bitcoin price, because if they use the same amount of bitcoin, then they just make double their bet and maybe its depend their luck to get win or not. but for me, i will reduce my bitcoin amount to make a bet because its too risky for me to continue with the same amount and i think i am not good in gambling games.

Topic: Bitcoin price and gambling (Read 1740 times)