BTC getting too expensive to gamble with - page 17.

cryptojac17

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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.

milewilda

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Quote from: BossMacko on June 22, 2017, 09:03:37 PM

Yes indeed, but if you are a gamble and don't want to go to casino then we have no choice to play with Bitcoin. Just think that while you are gambling with Bitcoin you are already a high roller.

If you really don't want to gamble with Bitcoin you have other cryto to choose there are many sites that are accepting other crypto as a currency for betting to their sites.

In my view, its just all the same since we can play gambling just equivalent on usd not on following our pattern on btc amounts because if you do continue to do that then its really expensive to play with the use of bitcoin. As been said we can always play gambling with other coins if we dont really like to use our bitcoin.

BossMacko

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Yes indeed, but if you are a gamble and don't want to go to casino then we have no choice to play with Bitcoin. Just think that while you are gambling with Bitcoin you are already a high roller.

If you really don't want to gamble with Bitcoin you have other cryto to choose there are many sites that are accepting other crypto as a currency for betting to their sites.

boyptc

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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.

Caladonian

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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.

Colt22

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Quote from: lorylore on May 24, 2017, 06:13:32 AM

Quote from: EdenHazard on May 24, 2017, 04:40:36 AM

Quote from: marcuslong on May 24, 2017, 04:03:59 AM

Quote from: KennyR on May 24, 2017, 02:53:34 AM

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.

There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.

nowadays people worry about how the price of bitcoin so high but i think it was not a real issue , there is a smaller denominations of bitcoin called milibitcoin, satoshi etc , people could simply use it to make it fit to your fiat pocket .

or you can take advantage when hold a lot of bitcoin to not adjusting it to fiat, people should not worry.

The casino will also auto adjust accordingly. Just like in the past, players always bet in multiple of btc. But as the price increases, they are now betting in mbtc. I believe as it rise further, the denomination will get smaller too. And btc is also able to split even smaller than satoshi if needed.

That is a need of the day. I have noticed that many casino are now not in the worry for that issue and because of that many people are leaving to bet with bitcoin if they will adjust the betting value according to price then it will be ok for many people.

pereira4

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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.

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Quote from: Barbut on May 24, 2017, 04:25:45 PM

It`s right that bitcoin is getting more and more expensive, but that also means that your profit calculated in other currencies is much higher. I play with lower bets this days, lower then usual but just cause I`m short with bitcoins, when some expected income come I will get back on my previous bets.
But I get the point, some casinos minimum bet was 1 mbtc now that 1 mbtc is not so cheap anyone to gamble easily with that.

indeed. if you're depositing btc then there would be a considerable difference and it may be too expensive for a lot of players. though if you gamble with the btcs you're earning oine, there's not much of a difference there. the earnings would be high but your losses would amount to a higher rate as well

Barbut

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It`s right that bitcoin is getting more and more expensive, but that also means that your profit calculated in other currencies is much higher. I play with lower bets this days, lower then usual but just cause I`m short with bitcoins, when some expected income come I will get back on my previous bets.
But I get the point, some casinos minimum bet was 1 mbtc now that 1 mbtc is not so cheap anyone to gamble easily with that.

ModGirl

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Quote from: panjul07 on May 24, 2017, 01:33:58 PM

Quote from: TechnoMusic on May 24, 2017, 12:52:56 PM

Lol bitcoin have good price for gambing especcialy if you faucet at dice sites or any other kind of gambling sites and now you can deposit really low amount of money with bitcoin.

It does not worth to deposit too low amount to gamble recently, as we all know that nowadays we need to spend higher transaction fee. Really low amount like 1mbtc and we need to pay the fee 40k-50k satoshi? Thats crazy mate, we have not even started gambling but we have to lose half amount of the deposit amount.

Yes the situation nowadays is hard to gamble with bitcoin if someone want to gamble with little money because the price has increased and some sites do not have reduced their betting level of deposit and if other have reduced their minimum then on then the transaction fees is a burden.

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Quote from: Slark on May 24, 2017, 03:09:55 PM

Due to increased transaction fees we have few options to consider:

1. If you are extremely stingy you can stop gambling until scaling solution will be implemented - it should lower tx fee significantly.
2. Deposit only larger sums of bitcoin to avoid multiple fees.
3. Gamble as usual and don't care bout $1-$2 tx fee and long confirmation times.

Gamblers are in the #3 state today. We don't have choice but to gamble the usual way and we really don't care about that fee. Especially to those big time gamblers these fees aren't a big deal in return of the amount they are winning as they gamble so there's no need for them to stop gambling. And add to it that there are some alt coins.

BitDane

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Quote from: KennyR on May 24, 2017, 02:53:34 AM

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.

I think we are talking about the transaction fee here since moving bitcoin from an exchange to a casino cost a lot specially if our bitcoin is just a small amount. I agree that moving to altcoin such as LTC and other that is accepted by the Casino will at least save us a couple of cents during coin transfer.

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Quote from: Slark on May 24, 2017, 03:09:55 PM

Due to increased transaction fees we have few options to consider:

1. If you are extremely stingy you can stop gambling until scaling solution will be implemented - it should lower tx fee significantly.
2. Deposit only larger sums of bitcoin to avoid multiple fees.
3. Gamble as usual and don't care bout $1-$2 tx fee and long confirmation times.

There's also an option to group multiple payouts into one in order to pay a lower fee.

Also, the fees we're having aren't large at all when compared with PayPal fees and other FIAT payment processors.
They're big to what we're used to, not to what other people are used to.

Slark

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Due to increased transaction fees we have few options to consider:

1. If you are extremely stingy you can stop gambling until scaling solution will be implemented - it should lower tx fee significantly.
2. Deposit only larger sums of bitcoin to avoid multiple fees.
3. Gamble as usual and don't care bout $1-$2 tx fee and long confirmation times.

panjul07

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Quote from: TechnoMusic on May 24, 2017, 12:52:56 PM

Lol bitcoin have good price for gambing especcialy if you faucet at dice sites or any other kind of gambling sites and now you can deposit really low amount of money with bitcoin.

It does not worth to deposit too low amount to gamble recently, as we all know that nowadays we need to spend higher transaction fee. Really low amount like 1mbtc and we need to pay the fee 40k-50k satoshi? Thats crazy mate, we have not even started gambling but we have to lose half amount of the deposit amount.

TechnoMusic

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Lol bitcoin have good price for gambing especcialy if you faucet at dice sites or any other kind of gambling sites and now you can deposit really low amount of money with bitcoin.

piloder

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Quote from: Yatsan on May 24, 2017, 06:54:47 AM

And if I will use other currency the problem is the fee because you will trade it first when you cash out it is so hassle.

But there are also many bitcoin casino that accept altcoins and have in built exchange feature you can easily cash out in bitcoin while keep on playing in any coin you want. I find ethereum and litecoin cheaper to send in and out from gambling platform this days and you don't have to wait for hours to get network confirmation.

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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.

I still gamble using Bitcoin because every gambling site's rate is per satoshi so I don't have any problem with that because I can lower my bet because my game is the lower bet is 1 satoshi so I am good with that. And if I will use other currency the problem is the fee because you will trade it first when you cash out it is so hassle.

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Quote from: lorylore on May 24, 2017, 06:13:32 AM

Quote from: EdenHazard on May 24, 2017, 04:40:36 AM

Quote from: marcuslong on May 24, 2017, 04:03:59 AM

Quote from: KennyR on May 24, 2017, 02:53:34 AM

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.

There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.

nowadays people worry about how the price of bitcoin so high but i think it was not a real issue , there is a smaller denominations of bitcoin called milibitcoin, satoshi etc , people could simply use it to make it fit to your fiat pocket .

or you can take advantage when hold a lot of bitcoin to not adjusting it to fiat, people should not worry.

The casino will also auto adjust accordingly. Just like in the past, players always bet in multiple of btc. But as the price increases, they are now betting in mbtc. I believe as it rise further, the denomination will get smaller too. And btc is also able to split even smaller than satoshi if needed.

Yes, if you want to continue gambling with Bitcoin then the only solution is to denominate the Bitcoin into smaller pieces.
Who knows, may we get mSatoshi one day..

lorylore

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Quote from: EdenHazard on May 24, 2017, 04:40:36 AM

Quote from: marcuslong on May 24, 2017, 04:03:59 AM

Quote from: KennyR on May 24, 2017, 02:53:34 AM

As suggested it's good to move towards altcoins to experience the gambling, if you consider bitcoin to be too expensive for gambling. Lots and lots of gambling websites have started to accept altcoins into gambling activities. One such reputed gambling website is betcoin.ag, where you could get access to all gambling from dice to sports betting with altcoin acceptance and easy interface.

There is no difference using altcoins it is like your just converting your bitcoin or trading your bitcoin into altcoin and use that tho. Many of gambling website are preferred to accept alternative coins for gambling activities but not all for me much more better if i use bitcoin for the better and hassle free when im selling altcoins. Converting altcoins to bitcoin will cost you fee too.

nowadays people worry about how the price of bitcoin so high but i think it was not a real issue , there is a smaller denominations of bitcoin called milibitcoin, satoshi etc , people could simply use it to make it fit to your fiat pocket .

or you can take advantage when hold a lot of bitcoin to not adjusting it to fiat, people should not worry.

The casino will also auto adjust accordingly. Just like in the past, players always bet in multiple of btc. But as the price increases, they are now betting in mbtc. I believe as it rise further, the denomination will get smaller too. And btc is also able to split even smaller than satoshi if needed.

Topic: BTC getting too expensive to gamble with - page 17. (Read 9460 times)