BTC getting too expensive to gamble with - page 12.

Bezobraznike

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Quote from: STT on July 06, 2017, 11:51:57 AM

I think its the other way round. The fastest rising coin is the most expensive to gamble with maybe. The reason being if you lose ETH and its gone up 25% in a few days your loss looks far worse, especially if it was your last gamble of the day and then you come back and the value has risen over night.

Bitcoin or ETH is ultimately similar value just in different numbers, same as any currency, euro or Yen doesnt matter if the number is high. Its also how easily I can get hold of that currency, more miners are in ETH so really it should be more available and people could just gamble what they mine.

You analogy is on the place, but what stops someone to adjust bets accordingly with his bankroll. You know how much you have, and with odds you know how much you expect in return. If betting with
bitcoins is more expensive, then profit is higher in the end.
It is not matter with which currency you are gambling, in gambling odds are more important and with that odds you calculate your possible profit when you multiply it with your bet. Expensive gambling
for me is everything over 100 euros, that is 0.2 BTC, tomorrow that can be 0.05 BTC, this is limit that everyone of us have here, for some people 100 euros is nothing, just a first bet.

STT

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I think its the other way round. The fastest rising coin is the most expensive to gamble with maybe. The reason being if you lose ETH and its gone up 25% in a few days your loss looks far worse, especially if it was your last gamble of the day and then you come back and the value has risen over night.

Bitcoin or ETH is ultimately similar value just in different numbers, same as any currency, euro or Yen doesnt matter if the number is high. Its also how easily I can get hold of that currency, more miners are in ETH so really it should be more available and people could just gamble what they mine.

ethereumhunter

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Quote from: canah17 on July 06, 2017, 09:55:16 AM

I'm actually playing with ETH when gambling and most of the time using BTC, but the problem is that BTC is getting expensive and when your think about it when gambling the price of BTC is high and if you just gamble it than saving it you can lose a lot of amount than just saving it and keep the value increasing. This is why I try myself not to gamble whenever I have a free time, I just distract myself to other things like playing video games or sports just so that I won' tempted to gamble using BTC or ETH. I know that what I'm doing is worth it and also that I won't get addicted on gambling. I know that BTC will be big in the future and I will not regret on saving it than using it to gamble.

i think this is why that many people is using other coins to playing gambling and they don't want to use their bitcoin because bitcoin itself become worth to sell. i think ETH is still getting expensive too like bitcoin, the only one coin that i know is still cheap is dogecoin and we can buy much of doge in the market then we can use to playing gambling.

canah17

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I'm actually playing with ETH when gambling and most of the time using BTC, but the problem is that BTC is getting expensive and when your think about it when gambling the price of BTC is high and if you just gamble it than saving it you can lose a lot of amount than just saving it and keep the value increasing. This is why I try myself not to gamble whenever I have a free time, I just distract myself to other things like playing video games or sports just so that I won' tempted to gamble using BTC or ETH. I know that what I'm doing is worth it and also that I won't get addicted on gambling. I know that BTC will be big in the future and I will not regret on saving it than using it to gamble.

chris200x9

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Quote from: Gintama214 on July 06, 2017, 08:59:02 AM

Quote from: Lucky7btc on May 03, 2017, 03:56:08 PM

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.

For me i'm playing I'm really not into playing gambling online and using bitcoin because as you said bitcoin has been getting expensive to deposit and those fees also just to deposit it in other sites. I would just prefer gambling in real casino using my money so that I can control my money and have a limit and there is no fees when I get money into my wallet than bitcoin. For me bitcoin is my investment and I hope in the future I can the market price increases more over time.

The real casinos also expensive too expensive you have to play minimum amount, and that should be nonrefundable. And the rules and restrictions are more and there you can not do sports betting. In gambling sports betting is the only game we can make a profit that games is not available in the real casino. I don't know how you will afford that money in the real casino. BTC gambling is expensive, but now all casino sites are accepting altcoins so we can use that coins to do online gambling.

Absentis

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Quote from: TrumpD on July 06, 2017, 07:31:35 AM

I wouldn't say it is getting more expensive to gamble with bitcoin, but certain aspects of it has increased. Deposit fees are on the rise and in some cases, books are starting to charge a withdrawal fee, especially for small withdrawals. If directbet.eu were still booking bets, It will make little sense placing small bets.

Small bets is a good choice to do while it's getting too expensive of it's price today and doing gambling for fun and not as serious like money making through big gambling investments amount. For todays higher btc value in the market, those lucky gambling wins might be challenging compared from previous years with low fees. It's profit is not so good if you win small amounts and yet been charged with sending fees, well it's so painfull to see that amounts won was diminished with higher fees and I think that it isn't appropriate to bet everyday; but should be done on accasional days.

Gintama214

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Quote from: Lucky7btc on May 03, 2017, 03:56:08 PM

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.

For me i'm playing I'm really not into playing gambling online and using bitcoin because as you said bitcoin has been getting expensive to deposit and those fees also just to deposit it in other sites. I would just prefer gambling in real casino using my money so that I can control my money and have a limit and there is no fees when I get money into my wallet than bitcoin. For me bitcoin is my investment and I hope in the future I can the market price increases more over time.

TrumpD

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I wouldn't say it is getting more expensive to gamble with bitcoin, but certain aspects of it has increased. Deposit fees are on the rise and in some cases, books are starting to charge a withdrawal fee, especially for small withdrawals. If directbet.eu were still booking bets, It will make little sense placing small bets.

lorylore

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Bitcoin used to be like $50 so a lot of people can gamble in full btc like 5 or even 10btc easily. When the price start to explode, some casinos start to change to a different currencies while others allow the use of smaller denominations. So now, almost all btc casino i see here uses mbtc. So i wont be surprise to see an even smaller denomination appearing in casinos if the price continue to grow bigger.

Zionatin

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Only because of the fees it's more expensive. If Bitcoin goes up just play with less. Now people play with more because they want to make paying the fees worth it. The blockchain is better now though.

shulio

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Quote from: Kimi80 on July 05, 2017, 03:31:59 PM

I am still using only bitcoin for gambling, that is the only crypto I have in possession. Usually place some bets on Betcoin.ag. I am planning to buy some small amount of LTC and will use some of it for gambling but I will have to get informed on transaction conditions,fees..

If you play in a site that needs deposit then I guess it is fine because that site allow you to wager small amount. I think that it is only expensive if you have to keep sending it to the site but if you just send it at once and put them on the site then I guess it is fine and it is not really that expensive to gamble

Kimi80

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Quote from: Lucky7btc on May 03, 2017, 03:56:08 PM

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.

I am still using only bitcoin for gambling, that is the only crypto I have in possession. Usually place some bets on Betcoin.ag. I am planning to buy some small amount of LTC and will use some of it for gambling but I will have to get informed on transaction conditions,fees..

sasaku bitbit

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Quote from: Gaff on July 04, 2017, 10:19:33 AM

Quote from: milewilda on July 04, 2017, 09:07:35 AM

Quote from: rizkyhiw on July 04, 2017, 09:04:06 AM

Quote from: joebrook on July 03, 2017, 07:00:08 PM

Quote from: Lucky7btc on May 03, 2017, 03:56:08 PM

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.

Ever since the price of bitcoins skyrocketed, I don't use bitcoins or other crypto currency to gamble anymore, I used to do that alot and I have realised the error of my ways. I just use coupons I buy with my own money now.

lol nothing has changed significantly by the way it's just about value ,
and it's easy to handled you might know about that too ,
using cryptocurrency always better than fiat where fees is everywhere ,
cryptocurrency gives you everything you need to do transaction online easily without any complicated rules.

Its the advantage on using cryptocurrencies which theres no hassle on making use of it and there are lots of coins in the market if you find out that using bitcoin would be expensive but it doesnt really matter at all since you are still basing on dollar value which you can anytime adjust the value of bitcoin would equivalent to bitcoin but if you insist there are coins which you can use though.

You have the point there. Actually, the value has its ways to resolve or back into its own rate. Bitcoin may be difficult to gamble with but it's worth your wait once it is at the peak. Though the only thing you do is waiting patiently. Being invisible in the real world where people use cash, bitcoin has its secrecy in terms of using it. Basically, even if you gamble it's not that quick to gain what you bet for many reasons.

If you find and use the bitcoin in gambling will be expensive but it's not really a problem at all because you're still basing on the value of the dollars You can adjust at any time the value of bitcoin will be the equivalent of the bitcoin but if you insist on not is the coin you get in gambling even though the price is always changing-change it will not affect you for gaming

JL421

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It is indeed increased a lot since i first started to gamble but i didn't understand the part how will it even help you if you gamble with altcoin. Anyways to get altcoin you will eventually sell your bitcoin so losing with or altcoin won't make a big difference . The best lesson i have learned is quit gambling learn trading

preevi

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Your statement is correct bitcoin is too expensive to gamble
You can choose other crypto to gambling at gambling sites which accept altcoins
Like crypto-gamed fortunejack etc

traderethereum

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Quote from: rickadone on July 05, 2017, 11:40:08 AM

Quote from: GBaMiner on July 04, 2017, 12:38:12 PM

Depending on the game, Sport betting websites still only accept bitcoin so even if you are gambling in 0.0001 you still need bitcoin which is hard considering the fees can be as high as 0.001 itself or even more,
Dice is different though, since most websites accept altcoins directly.

But if you change your bitcoins to altcoins then you are at a risk of altcoins getting low and you loose furthermore there is a fees in converting bitcoins to altcoins and same when you convert back.

I am mostly for this reason maintaining two accounts on primedice one for my deposits and gambling and one for keeping big amounts to easily tip my other account and it works good, though sometimes tempts me.

i think we can trying to playing gambling with altcoin too because we can feels the different if we are using altcoin than bitcoin. like doge which is an option for us in the gambling site to make deposit. i am prefer to stay with altcoin because to buy altcoin, we can choose cheaper altcoins so we can directly start playing the games.

rickadone

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Quote from: GBaMiner on July 04, 2017, 12:38:12 PM

Depending on the game, Sport betting websites still only accept bitcoin so even if you are gambling in 0.0001 you still need bitcoin which is hard considering the fees can be as high as 0.001 itself or even more,
Dice is different though, since most websites accept altcoins directly.

But if you change your bitcoins to altcoins then you are at a risk of altcoins getting low and you loose furthermore there is a fees in converting bitcoins to altcoins and same when you convert back.

I am mostly for this reason maintaining two accounts on primedice one for my deposits and gambling and one for keeping big amounts to easily tip my other account and it works good, though sometimes tempts me.

GBaMiner

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Depending on the game, Sport betting websites still only accept bitcoin so even if you are gambling in 0.0001 you still need bitcoin which is hard considering the fees can be as high as 0.001 itself or even more,
Dice is different though, since most websites accept altcoins directly.

Gaff

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Quote from: milewilda on July 04, 2017, 09:07:35 AM

Quote from: rizkyhiw on July 04, 2017, 09:04:06 AM

Quote from: joebrook on July 03, 2017, 07:00:08 PM

Quote from: Lucky7btc on May 03, 2017, 03:56:08 PM

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.

Ever since the price of bitcoins skyrocketed, I don't use bitcoins or other crypto currency to gamble anymore, I used to do that alot and I have realised the error of my ways. I just use coupons I buy with my own money now.

lol nothing has changed significantly by the way it's just about value ,
and it's easy to handled you might know about that too ,
using cryptocurrency always better than fiat where fees is everywhere ,
cryptocurrency gives you everything you need to do transaction online easily without any complicated rules.

Its the advantage on using cryptocurrencies which theres no hassle on making use of it and there are lots of coins in the market if you find out that using bitcoin would be expensive but it doesnt really matter at all since you are still basing on dollar value which you can anytime adjust the value of bitcoin would equivalent to bitcoin but if you insist there are coins which you can use though.

You have the point there. Actually, the value has its ways to resolve or back into its own rate. Bitcoin may be difficult to gamble with but it's worth your wait once it is at the peak. Though the only thing you do is waiting patiently. Being invisible in the real world where people use cash, bitcoin has its secrecy in terms of using it. Basically, even if you gamble it's not that quick to gain what you bet for many reasons.

milewilda

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Quote from: rizkyhiw on July 04, 2017, 09:04:06 AM

Quote from: joebrook on July 03, 2017, 07:00:08 PM

Quote from: Lucky7btc on May 03, 2017, 03:56:08 PM

What other cryptocurrency are you using and which casino are you playing at? BTC is getting to expensive to be depositing and playing in just BTC.

Ever since the price of bitcoins skyrocketed, I don't use bitcoins or other crypto currency to gamble anymore, I used to do that alot and I have realised the error of my ways. I just use coupons I buy with my own money now.

lol nothing has changed significantly by the way it's just about value ,
and it's easy to handled you might know about that too ,
using cryptocurrency always better than fiat where fees is everywhere ,
cryptocurrency gives you everything you need to do transaction online easily without any complicated rules.

Its the advantage on using cryptocurrencies which theres no hassle on making use of it and there are lots of coins in the market if you find out that using bitcoin would be expensive but it doesnt really matter at all since you are still basing on dollar value which you can anytime adjust the value of bitcoin would equivalent to bitcoin but if you insist there are coins which you can use though.

Topic: BTC getting too expensive to gamble with - page 12. (Read 9436 times)