Topic: BTC getting too expensive to gamble with - page 22. (Read 9460 times)
This is an interesting question, and I am finding myself stunned, often, by the size that my deposits have shrunken too. I got very comfortable quickly converting the BTC to USD by seeing each .001 as roughly a dollar. Well, that is stuck in my head for some reason so when I deposit $50 worth of BTC I got used to seeing somewhere around .045 give or take a few. So now the deposits just look so tiny, and on top of this, I find myself betting as if it is still the lower value as well! So when I used to bet a very comfortable dollar worth of BTC it is suddenly closer to two dollars each time I roll the dice! Almost double to play and only half of the actual BTC to play on makes for a short ride! I need to adjust the conversions - TODAY- so I can pace myself, definitely. Yes, it is expensive for me because of my little routine but as a few people mentioned, we can just scale it proportionately and perhaps we won't be staring at the zero, bewildered. Or at least not so quickly. I really need to accept it. Bitcoin is ever on the rise. Good luck with the adjustments everyone!
No matter what the price is better to use bitcoin than fiat for me when the price of bitcoin is getting expensive then the value when we deposit it is going to up too we fortunately we can lose a bit of coins now small amounts small bets i already expected that bitcoin will become expensive that is why i stock my profit that came from gambling.
It seems to me already necessary to stop in vain to risk bitcoin on gambling and on dubious projects. Already the prices for the crypto currency are so great that they need to be realized reasonably. 
No matter what the price is better to use bitcoin than fiat for me when the price of bitcoin is getting expensive then the value when we deposit it is going to up too we fortunately we can lose a bit of coins now small amounts small bets i already expected that bitcoin will become expensive that is why i stock my profit that came from gambling.
Yea true for some sites but there are sites which offer you to place a lower bets and also you can convert your money to other crypto which worth less what gives you chanca to make lower bets.
It must not be lower bet when you will be considering fiat value. Honestly I am afraid these higher prices of bitcoin might lead to more losses even for the same amount of bitcoins as some times I do forget to set lower bets based on current bitcoin prices. The buying capacity of bitcoin just got bigger hence we need to adjust our base bet accordingly to ensure we are not risking beyond our affordable limits.Well it is expected, with higher price of bitcoin, the loses even with the same amount of BTC would be higher in terms of USD. Though I do believe it is still cheap to gamble with bitcoin, for the fact that we can play even at 100 satoshi and this 100 satoshi does not cost us too much unlike if we use fiat currency in gambling.
Yes, bitcoin price goes to the moon right now and fortunately, with bitcoin we can play with as small amount as possible especially at dice gambling sites. We can adjust our bet amount to reflect the price increases.
Yea true for some sites but there are sites which offer you to place a lower bets and also you can convert your money to other crypto which worth less what gives you chanca to make lower bets.
It must not be lower bet when you will be considering fiat value. Honestly I am afraid these higher prices of bitcoin might lead to more losses even for the same amount of bitcoins as some times I do forget to set lower bets based on current bitcoin prices. The buying capacity of bitcoin just got bigger hence we need to adjust our base bet accordingly to ensure we are not risking beyond our affordable limits.Well it is expected, with higher price of bitcoin, the loses even with the same amount of BTC would be higher in terms of USD. Though I do believe it is still cheap to gamble with bitcoin, for the fact that we can play even at 100 satoshi and this 100 satoshi does not cost us too much unlike if we use fiat currency in gambling.
Yea true for some sites but there are sites which offer you to place a lower bets and also you can convert your money to other crypto which worth less what gives you chanca to make lower bets.
It must not be lower bet when you will be considering fiat value. Honestly I am afraid these higher prices of bitcoin might lead to more losses even for the same amount of bitcoins as some times I do forget to set lower bets based on current bitcoin prices. The buying capacity of bitcoin just got bigger hence we need to adjust our base bet accordingly to ensure we are not risking beyond our affordable limits.Well it is expected, with higher price of bitcoin, the loses even with the same amount of BTC would be higher in terms of USD. Though I do believe it is still cheap to gamble with bitcoin, for the fact that we can play even at 100 satoshi and this 100 satoshi does not cost us too much unlike if we use fiat currency in gambling.
It will never get too expensive. The reality is that gambling will continue to exist even if Bitcoin is worth $10000. Want to know why? Because the price in USD is relative. It can go up or down and it has never affected people's choices. A couple years back Bitcoin was worth $300 and people gambled, now it's 1,5 thousand and people gamble. Most people don't and won't see a reason to stop.
as long as they are enjoying they will keep playing even how much the price will went up, they still think that they still using their local fiatand the portion of btc that they bought to play will still the same win or lose gambling will not be stop by the price surge.
It will never get too expensive. The reality is that gambling will continue to exist even if Bitcoin is worth $10000. Want to know why? Because the price in USD is relative. It can go up or down and it has never affected people's choices. A couple years back Bitcoin was worth $300 and people gambled, now it's 1,5 thousand and people gamble. Most people don't and won't see a reason to stop.
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.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.Some players use dodgecoin and LTC on depositing in gambling sites,in this way it is not too expensive to play since there were no high transaction fee to be added and we will not be so scared to lose because its not that high amount to risk.
right. there are more sites that play with dodge now and I agree that with the amount of btc today, it would really be regretful to lose any amount as it can very well have been a good investment in a couple of weeks. btc right now is for holding and I wouldn't even think about spending a single sat on gambling
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 dont mind on using other altcoin on playing gambling since i do have set an amount for me to play on a particular day on a week thats why i dont care at all if bitcoin is expensive or not. Using alts is only good when you are on a hurry specially on transfer times/deposits because they do confirm very fast compared to bitcoin.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.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.Some players use dodgecoin and LTC on depositing in gambling sites,in this way it is not too expensive to play since there were no high transaction fee to be added and we will not be so scared to lose because its not that high amount to risk.
right. there are more sites that play with dodge now and I agree that with the amount of btc today, it would really be regretful to lose any amount as it can very well have been a good investment in a couple of weeks. btc right now is for holding and I wouldn't even think about spending a single sat on gambling
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.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.Some players use dodgecoin and LTC on depositing in gambling sites,in this way it is not too expensive to play since there were no high transaction fee to be added and we will not be so scared to lose because its not that high amount to risk.
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.
yes that is happening but I hope that with the time some casino will manage with the money and they will reduce their bet rate. In the other way we can also think that in that if we will win then we will win a high amount so we do not need to care for the high cost of gambling if we are looking for gambling for the sake of making money.
Well I think the OP must be factoring the cost of transferring the Bitcoin into the casino account and back that's why he's worried else whatever fiat equivalent of Bitcoin he intends betting with will be the same in the Altcoins and so mak s no sense so I suspect he's worried about the hike in transaction fees as well.
don't use your bitcoin to bet with. you will regret it when once you lose it.
use a shitcoin instead. then you won't give a complete fuck if you lose it all.
use a shitcoin instead. then you won't give a complete fuck if you lose it all.
Bitcoin is still 1:1 so whatever it's price, high or low, it's doesn't matter to gamble it unless you will purchased bitcoin by your fiat and will use it to play gambling.
What is the sense of using shitcoin in gambling? It's just a complete waste of time. 99% of shitcoins doesn't have chance to bring back to it's peak price. That's why it called shit in the first place.
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.
What do you mean too expensive ? Just use less Bitcoin when you gamble. Remember it is worth more and gamble in lesser amount then before. There some other casinos you can gamble with altcoins. Monero and ltc and doge or clams and there some others. So go stock up on some altcoins.
don't use your bitcoin to bet with. you will regret it when once you lose it.
use a shitcoin instead. then you won't give a complete fuck if you lose it all.
Gambling is not a mandatory procedure that everyone has to comply with use a shitcoin instead. then you won't give a complete fuck if you lose it all.
,if you are not interested in gambling so be it.Having more options for the users is a good thing,but only a few sites allow users to wage a bet in alt coins since majority of the gambling industry is ruled by bitcoin and the major concern to me is not the price but the transaction fees and the delays to send and receive coins has increased in the past few days which is frustrating.Unless the shitcoins price increases months afterwards and you could have squeezed out a few bucks. xP
there was a time when gambling with btc was easy bcoz btc price was around 400-500...
now at this high price, gambling means rekt
now at this high price, gambling means rekt
Nope, I believe gambling with BTC is still cheap, if you do not have money to gamble then do not gamble. If a satoshi for you is way expensive then I think you should not gamble or avoid gambling at all. You will end up with a debt if you continue this. I said it because 1 satoshi is almost nothing but then you think it is expensive. There is one reason why you said it, and I bet you knew it.
Don't know why you think playing with BTC is expensive right now? You can lower your bet size according to price of bitcoin to not play with large bets. Another option for you to save on deposit/withdrawal fees is to use Ethereum or Dogecoin.
Yeah, it's now the price is always high and bitcoin it makes us sometimes not eager to do big gambling. Indeed it is basically to get huge profits, then it should dare to do it with a big bet. But because of the price which is above the altitude then it's all difficult to do, as anyone would think twice or more. Because gambling is a bet, where each bet gives only 2 things very clearly, namely the defeat and profit. So, everything can you choose provided that already understand the gambling
Don't know why you think playing with BTC is expensive right now? You can lower your bet size according to price of bitcoin to not play with large bets. Another option for you to save on deposit/withdrawal fees is to use Ethereum or Dogecoin.
Yeah, it's now the price is always high and bitcoin it makes us sometimes not eager to do big gambling. Indeed it is basically to get huge profits, then it should dare to do it with a big bet. But because of the price which is above the altitude then it's all difficult to do, as anyone would think twice or more. Because gambling is a bet, where each bet gives only 2 things very clearly, namely the defeat and profit. So, everything can you choose provided that already understand the gambling
don't use your bitcoin to bet with. you will regret it when once you lose it.
use a shitcoin instead. then you won't give a complete fuck if you lose it all.
Gambling is not a mandatory procedure that everyone has to comply with use a shitcoin instead. then you won't give a complete fuck if you lose it all.
,if you are not interested in gambling so be it.Having more options for the users is a good thing,but only a few sites allow users to wage a bet in alt coins since majority of the gambling industry is ruled by bitcoin and the major concern to me is not the price but the transaction fees and the delays to send and receive coins has increased in the past few days which is frustrating. Jump to: