BTC getting too expensive to gamble with - page 16.

maydna

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Quote from: bitcoinmasterlord on June 24, 2017, 04:06:33 AM

Quote from: babsalt1975 on June 24, 2017, 03:17:25 AM

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.

Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

this is what i like from playing gambling with altcoin especially with dogecoin, because the coins is not too expensive and we can buy many of dogecoin with not to big budget. beside that, if we can win from the games, we can get much of coins so we can save it or send it into other wallet in the exchange while we can wait the price is increase. i have bad experience too in bitcoin gambling so i think its really worth for me to keep my bitcoin only in my wallet and not using for gambling.

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Quote from: bitcoinmasterlord on June 24, 2017, 04:06:33 AM

Quote from: babsalt1975 on June 24, 2017, 03:17:25 AM

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.

Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

+1 from me. Gambling should accept low value coins with low transaction fees like dogecoins.

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Quote from: babsalt1975 on June 24, 2017, 03:17:25 AM

The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.

Yes playing with altcoins is the best idea, we don't need to think about the price of the coin, and with the free mind, we can bet. After winning some coins, we can exchange that coins to BTC. If I lost bitcoins in gambling, i feel so sad because the price of the bitcoin is very high. Yup, nowadays bitcoin become too expensive to gamble.

babsalt1975

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The rising price of bitcoin has really changed the way we deal with it. Transaction fees have become so expensive to the extend that when you gamble you will end up using what you have won on transaction fees. I think the bests way to gamble is to use a different crypto coin to gamble and later exchange with bitcoin.

BtcKing 1

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what do you mean expensive ? you don't have to bet with 1 btc ! just adjust the amount you want to bet with. but if you are looking for altcoins gambling i think you can play dice in exchanges like "yobit,nova....'

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Quote from: boyptc on June 24, 2017, 02:54:38 AM

Quote from: cryptojac17 on June 22, 2017, 10:44:23 PM

Quote from: boyptc on June 22, 2017, 08:13:53 PM

Quote from: pereira4 on June 22, 2017, 06:21:30 PM

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.

When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.

Cheaper fees with fast transactions is very good service to all of us who uses bitcoin and I also hope that will be implemented soon. With regards to altcoins it's dependency from bitcoin also matter in time from transaction of exchange sites, so gambling can be profitable in way of betting few amounts of btc and much more advantage if lesser fees on service transactions. In addition to that you can generate better profit and comfort of prompt transactions together with the nice service.

I'm satisfied now with the adjustment that blockchain.info has set with the fee. With the last transaction I made it's only 0.00015 BTC. And that fee was very low compare to those xapo users that are now paying 0.001 - 0.002 BTC priority fees for just to them to get confirmed immediately.

Is that true? I guess need to use up blockchain wallet again since i left this wallet when the fee rose up on 0.001 going back in the past but as you said now they lower the fee which is really a good thing for me. Its just really normal to think that the higher fee the faster it confirms. Btc isnt expensive to gamble since we are always basing on the current exchange of fiat.

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Quote from: cryptojac17 on June 22, 2017, 10:44:23 PM

Quote from: boyptc on June 22, 2017, 08:13:53 PM

Quote from: pereira4 on June 22, 2017, 06:21:30 PM

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.

When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.

Cheaper fees with fast transactions is very good service to all of us who uses bitcoin and I also hope that will be implemented soon. With regards to altcoins it's dependency from bitcoin also matter in time from transaction of exchange sites, so gambling can be profitable in way of betting few amounts of btc and much more advantage if lesser fees on service transactions. In addition to that you can generate better profit and comfort of prompt transactions together with the nice service.

I'm satisfied now with the adjustment that blockchain.info has set with the fee. With the last transaction I made it's only 0.00015 BTC. And that fee was very low compare to those xapo users that are now paying 0.001 - 0.002 BTC priority fees for just to them to get confirmed immediately.

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Quote from: Lucky7btc on May 03, 2017, 02:56:08 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.

You can still find sites to play poker with other cryptocurrencies....but I still use bitcoin. If the site displays amounts in dollars, but doesn't actually convert, I will play with bitcoin....but if they convert it to fiat I wont because of the heavy swings lately. Here's a site where you can play poker with dogecoin: https://shibes.poker/ it's not a bad place....the regulars are really awesome people.

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Quote from: avatar_kiyoshi on June 23, 2017, 03:02:14 PM

Quote from: romero121 on June 23, 2017, 02:06:09 AM

However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

Indeed, and your statement actually for people who have a lot money/coins to spend to play gambling.
For people who don't have a lot coins, that's stupid decision if not consider the value of bitcoin.

What you are saying is the same thing was done when the price was down, gamblers mostly dont see the price but they want the winning and betting in bitcoin means profit in bitcoin so value dont affect any gambler whether big or small all is same for gamblers.

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Quote from: romero121 on June 23, 2017, 02:06:09 AM

However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

Indeed, and your statement actually for people who have a lot money/coins to spend to play gambling.
For people who don't have a lot coins, that's stupid decision if not consider the value of bitcoin.

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Quote from: romero121 on June 23, 2017, 02:06:09 AM

However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

Yeah i agree. Same with gambling with fiat, real gamblers wouldn't even look at the amount or the rate of whatever currency they're gambling with. As long as they're enjoying, the price won't matter. For regular people like us, of course it will matter. I don't feel as easy gambling with btc amounts now compared to before when the price is a lot lower.

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Quote from: Barcode_ on June 23, 2017, 08:06:28 AM

Yes, the values of Bitcoin did increased a lot recently, but I don't think that affects how the way big whales are gambling at casino sites, I still saw a lot of big whales rolling the same amount of big bets in dice sites. The only difference might be the starting betting amount that they are wagering with are much lower as compared to the past with the martingale strategy.

The big whales in my opinion are not even bothered about the transaction fees. The smaller fish, players who gamble with a few bucks are the ones who are affected by the transaction fee. I would say most of these players and very hesitant to spend their money on gambling sites nowadays, because they don't want to lose money before even playing. I'm an example of those small fish players. I used to gamble a lot on primedice and satoshimines back in the days but now its come to an end.

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Quote from: Caladonian on June 22, 2017, 08:07:13 PM

Quote from: pereira4 on June 22, 2017, 06:21:30 PM

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.

Well casino will look forward for this to happen since transaction fees really hurting players and with small and fast transaction again a lots of small bet will be done back luckily I will be able to use my small earnings again for some good sports game that I watch.

Segregated witness is being activated in bitcoin if everything goes according to plan. Soon we can enjoy gambling in bitcoin again. One of te reasons that I haven't played any poker matches lately is because I hate having to pay high fees to transact BTC into my bitcoin wallet in te casino. This will be solved soon.

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Yes, the values of Bitcoin did increased a lot recently, but I don't think that affects how the way big whales are gambling at casino sites, I still saw a lot of big whales rolling the same amount of big bets in dice sites. The only difference might be the starting betting amount that they are wagering with are much lower as compared to the past with the martingale strategy.

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Quote from: Lucky7btc on May 03, 2017, 02:56:08 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.

Bitsler accepted doge, ltc, ethereum and burst beside bitcoin. There are a lot of games that we can play at bitsler. Dice, multicolor, roulette and cara y cruz. And there's a built in exchanger too, hence whenever bitcoin transaction getting too slow we can deposit with other cryptocurrencies and convert it back to bitcoin if we prefer to play with bitcoin only.

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Does it matter? People are going to bet the same amount of bitcoins as when the price of bitcoin was lower. People don't care about how much they are losing, they only care about how much they are winning. They are not going to convert how much money in fiat have they lost. It will make them depressed and feel bad about themselves. Gamblers avoid that.

This is a good thing for bitcoin casino owners. The price of bitcoin is increasing but the bet amount of people don't get affected because the casino don't show how much in fiat is the bitcoin that they are betting.

One thing I want to say, if bitcoin is too expensive for you to gamble with, then maybe you shouldn't be gambling at all.

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However high the price of bitcoin goes, people who are interested towards gambling always spend what they wish to bet. When the price was around $800 I used to play with an amount of 0.1btc, now too I use the same based on the winning. The reason is that bitcoin is always same the value has got changed.

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Quote from: serjent05 on June 22, 2017, 11:50:39 PM

Quote from: Caladonian on June 22, 2017, 08:07:13 PM

Quote from: pereira4 on June 22, 2017, 06:21:30 PM

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.

Well casino will look forward for this to happen since transaction fees really hurting players and with small and fast transaction again a lots of small bet will be done back luckily I will be able to use my small earnings again for some good sports game that I watch.

I agree it is quite faster and cheaper to move LTC from one wallet to another wallet. Until Segwit is implemented and see the difference of fees and movement, gambling site should consider altcoin as alternative. I have tried it myself moving altcoin and bitcoin to a gambling site specifically LTC, where LTC arrives in less than 3 min and way cheaper transaction fee. I can enjoy the game in earlier time after deposit unlike when I deposit Bitcoin.

I think now on words the sites will start to accept altcoins. Now if we compare to LTC to BTC transaction. LTC transaction will take very less time to deposit and the fee also very less. Yes, i am also waiting for this segwit I hope after this the transaction fee may go down and the confirmation process also improves.

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Quote from: cryptojac17 on June 22, 2017, 10:44:23 PM

Quote from: boyptc on June 22, 2017, 08:13:53 PM

Quote from: pereira4 on June 22, 2017, 06:21:30 PM

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.

When it comes to acceptance of Litecoin and other alt coins it will still depend on them. But I guess they will stick with the main course which is bitcoin. This is going to be a good addition to all of us, we will get faster transactions while the fees are going to be cheaper. Hope this will be implemented very well.

Cheaper fees with fast transactions is very good service to all of us who uses bitcoin and I also hope that will be implemented soon. With regards to altcoins it's dependency from bitcoin also matter in time from transaction of exchange sites, so gambling can be profitable in way of betting few amounts of btc and much more advantage if lesser fees on service transactions. In addition to that you can generate better profit and comfort of prompt transactions together with the nice service.

Yap and the most issue on gambling via btc is just the percentage of your wining would just end up being on a transaction fee. But This issue would be changed or wont be mattered anymore once btc can at least implement something to help the transaction fees like the segwit. But other than this issue i think the transaction fee would just go along with how much the price of btc to dollars is. Because when the price was low the fee was low, and not that the btc price increases, shouldnt it be normal for the price to go up? But this price hike in fee for me is just a little bit not normal.

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Quote from: Caladonian on June 22, 2017, 08:07:13 PM

Quote from: pereira4 on June 22, 2017, 06:21:30 PM

Bitcoin is finally getting segwit before august 1st so gambling sites can enjoy again lower fees. Hopefully lightning network comes quick so we can enjoy instant cheap transactions into our favorite gambling sites.

All casinos should accept Litecoin too as a backup no matter what, it's better than only one coin and Litecoin is already fast to do the job.

Well casino will look forward for this to happen since transaction fees really hurting players and with small and fast transaction again a lots of small bet will be done back luckily I will be able to use my small earnings again for some good sports game that I watch.

I agree it is quite faster and cheaper to move LTC from one wallet to another wallet. Until Segwit is implemented and see the difference of fees and movement, gambling site should consider altcoin as alternative. I have tried it myself moving altcoin and bitcoin to a gambling site specifically LTC, where LTC arrives in less than 3 min and way cheaper transaction fee. I can enjoy the game in earlier time after deposit unlike when I deposit Bitcoin.

Topic: BTC getting too expensive to gamble with - page 16. (Read 9460 times)