BTC getting too expensive to gamble with - page 26.

iluvbitcoins

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Quote from: BlockEye on May 04, 2017, 06:42:05 AM

Quote from: iluvbitcoins on May 04, 2017, 05:30:31 AM

Quote from: chris200x9 on May 04, 2017, 05:12:34 AM

Quote from: ralle14 on May 04, 2017, 03:03:57 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.

Only using btc for now when I gamble on sportsbook. As a bitcoin user I don't care much about the price going up when betting , to me I still see 0.02btc as 0.02btc back then. The only thing expensive in btc is the fees when you plan to make a deposit/bet that's the reason I stopped going to on chain betting sites.

Your mindset is like that, And you look only for BTC, not that value, so you don't care for BTC price increase. But many people will place a calcultaed bet. They will calculate the betting amount and place the bet. Because they need that extra money. Yes for example last week 0.02 BTC value is now almost 20% increase. If we keep that 20% amount means it is one type of profit. For me, the BTC is getting a bit expensive to gamble.

I would not expect this from a Hero member, how can bitcoin be too expensive to gamble??
Bitcoin = Bitcoin
You divide it to smaller fractions
WTF Huh

IMO,the price of bitcoin he means was the actual conversion and not the bitcoin itself. He just want to tell that we need to gamble based on current valie of BTC so if he are allocating 0.02BTC then the price increase by 20% after a week. So it means that he will not gamble 0.02BTC amount anymore but only 0.016BTC which is equal amount in fiat value to his normal budget on gambling. I think that was his logic.

He still deposited the same amount in FIAT
Except for he already won a 1.2 bet

BlockEye

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Quote from: iluvbitcoins on May 04, 2017, 05:30:31 AM

Quote from: chris200x9 on May 04, 2017, 05:12:34 AM

Quote from: ralle14 on May 04, 2017, 03:03:57 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.

Only using btc for now when I gamble on sportsbook. As a bitcoin user I don't care much about the price going up when betting , to me I still see 0.02btc as 0.02btc back then. The only thing expensive in btc is the fees when you plan to make a deposit/bet that's the reason I stopped going to on chain betting sites.

Your mindset is like that, And you look only for BTC, not that value, so you don't care for BTC price increase. But many people will place a calcultaed bet. They will calculate the betting amount and place the bet. Because they need that extra money. Yes for example last week 0.02 BTC value is now almost 20% increase. If we keep that 20% amount means it is one type of profit. For me, the BTC is getting a bit expensive to gamble.

I would not expect this from a Hero member, how can bitcoin be too expensive to gamble??
Bitcoin = Bitcoin
You divide it to smaller fractions
WTF Huh

IMO,the price of bitcoin he means was the actual conversion and not the bitcoin itself. He just want to tell that we need to gamble based on current valie of BTC so if he are allocating 0.02BTC then the price increase by 20% after a week. So it means that he will not gamble 0.02BTC amount anymore but only 0.016BTC which is equal amount in fiat value to his normal budget on gambling. I think that was his logic.

jtipt

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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.

To some extent you are right, but we can always just gamble in small units i.e Satoshi so that's not a huge problem but using small units can coat alot on fees. But using altcoins is better, especially doge I personally like gambling with doge.

Winner

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Although the price of Bitcoin may intimidate you into not gambling or spending any of the coins the amount of fiat needed to gamble remains unchanged.
I check one of the popular Bitcoin gambling websites online and the minimum for the Sports Betting gambling match bets are 0.001 BTC -that is not that much money right now plus if the price of Bitcoin gets even more expensive the gambling websites would change the limit so more people can play.

iluvbitcoins

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Quote from: chris200x9 on May 04, 2017, 05:12:34 AM

Quote from: ralle14 on May 04, 2017, 03:03:57 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.

Only using btc for now when I gamble on sportsbook. As a bitcoin user I don't care much about the price going up when betting , to me I still see 0.02btc as 0.02btc back then. The only thing expensive in btc is the fees when you plan to make a deposit/bet that's the reason I stopped going to on chain betting sites.

Your mindset is like that, And you look only for BTC, not that value, so you don't care for BTC price increase. But many people will place a calcultaed bet. They will calculate the betting amount and place the bet. Because they need that extra money. Yes for example last week 0.02 BTC value is now almost 20% increase. If we keep that 20% amount means it is one type of profit. For me, the BTC is getting a bit expensive to gamble.

I would not expect this from a Hero member, how can bitcoin be too expensive to gamble??
Bitcoin = Bitcoin
You divide it to smaller fractions
WTF Huh

bhadz

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Quote from: sulendra12 on May 04, 2017, 01:22:07 AM

Even the price is high, there are still peoples doesn't care about the price and keeping to play with their bet size and what do you think about those high rollers on gambling site with current Bitcoin's price. Like users have said, try to decrease your bet value if you're afraid with the price.

Well that's true, because whether the price is high or not the denomination of the price. Gamblers will really don't care at all and it's even an advantage for us because if you are a small time gambler then your small amount of bitcoin's can now be considered as higher one. So you need to set it to a lower amount.

chris200x9

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Quote from: ralle14 on May 04, 2017, 03:03:57 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.

Only using btc for now when I gamble on sportsbook. As a bitcoin user I don't care much about the price going up when betting , to me I still see 0.02btc as 0.02btc back then. The only thing expensive in btc is the fees when you plan to make a deposit/bet that's the reason I stopped going to on chain betting sites.

Your mindset is like that, And you look only for BTC, not that value, so you don't care for BTC price increase. But many people will place a calcultaed bet. They will calculate the betting amount and place the bet. Because they need that extra money. Yes for example last week 0.02 BTC value is now almost 20% increase. If we keep that 20% amount means it is one type of profit. For me, the BTC is getting a bit expensive to gamble.

ralle14

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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.

Only using btc for now when I gamble on sportsbook. As a bitcoin user I don't care much about the price going up when betting , to me I still see 0.02btc as 0.02btc back then. The only thing expensive in btc is the fees when you plan to make a deposit/bet that's the reason I stopped going to on chain betting sites.

mkmdoc

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Quote from: piloder on May 04, 2017, 12:35:57 AM

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.

Exactly, this is the best strategy you need to follow while gambling because Bitcoin price keeps increasing then it is best to reduce your betting value, then it will automatically settle where you are before. While betting calculate every thing before you choose to which gambling you want to play.

bering

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since bitcoin price was so high indeed the fees for each transactions too very high but usually i use Doge or LTC instead of bitcoin because these coin have low fees but since all of altcoins price also pretty high too i think it is not so different

KuromaYoichi

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Other currency like eth is increasing aswell and i don't know any sportbet that accept alt-coin. If you want to reduce the fee, you should deposit in a large number instead of small one. I don't recommend you to do it though if you have no control about you gambling habit and lose it all. But if you want to try, fortune jack and crypto-games accept other alt.

Ziskinberg

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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.

What type of gambling you are playing, I think you can lower your bets if you want, in dice it is possible as even with little satoshis you can still gamble. It is your decision mate, most of the gambling sites are giving us a smaller minimum so that is not expensive IMO. In my sportsbook which I play sports betting, I do gamble with a minimum of BTC0.001, still cheap I guess.

swogerino

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Gambling with bitcoin is the same no matter what the price of bitcoin is when you earn it and not buy it. Many people are mining the coin so for them there is no difference when the price of bitcoin raises. It is a good thing that the price is going up, you can earn more but also lose more when you lose your bets.

Caladonian

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with your bankroll you just needed to adjust since btc is really expensive better to make sure that you will going to adjust and if you are using strategy you also need to change you starting bets its still depend from your capability the best is enjoy and take the opportunity when you are in winning side.

densuj

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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.

Yes bitcoin getting too expensive to gamble with, that is why I don't play casino gambling
because of the fees is expensive too, right now play gambling dice with ethereum is good
choice for me, i could played gambling dice on vdice.io with ethereum becomed betting.

sulendra12

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Even the price is high, there are still peoples doesn't care about the price and keeping to play with their bet size and what do you think about those high rollers on gambling site with current Bitcoin's price. Like users have said, try to decrease your bet value if you're afraid with the price.

onrise

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All those who bet with btc this is the real moment for you all as many would be addictive as well to gambling. As btc price is soaring so its not even feasible for you all bet with btc. So better to leave at this time gambling and see if you can hold yourself without betting.

boyptc

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It's given as the price of bitcoin is increasing the size per bet is also increasing. Actually it's an advantage for us, I just gamble with bitcoin for now as I'm holding most of my alt coins. You can simply reduce the betting amount which is good for us and if you are worried about the price increase, just be a responsible bettor.

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Quote from: emberbekas on May 03, 2017, 10:23:08 PM

Quote from: flower1024 on May 03, 2017, 09:59:01 PM

Quote from: xuan87 on May 03, 2017, 09:49:12 PM

Well you can just adjust your bet, using alt coin to gamble is also a good option, there are so many gambling places now accepting alt coin like doge, ETH or litecoin, I also limit my gambling now because the price is getting very expensive, betting small is enough for me because I only play for fun

Yes, that is correct we can always adjust our bet amount according to BTC price. I so for gambled only using BTC because I don't want to exchange only for gambling purpose. I usually bet on sports so it is very easy to adjust my bet amount for each game as per the BTC market price. But while playing dice game I need to be careful because I need to adjust the maximum bet amount I need to stop in case I get continuous losses.

Although bitcoin price is too expensive recently, of course we can adjust the amount of our bets. The only problem is with respect to the confirmation time. It is very common these days it takes us a long time to get a confirmation from a bitcoin transaction. As an alternative way, we can use dogecoin which tend to be stable and require only a small fee.

Yeah. Just adjust your bet where you are comfortable with. I'm still using bitcoin to play on-line because that's the only crypto I have currently and I comfortable playing with my bitcoin. I simply adjust 0's and make my bet. I'm playing at bitsler and I saw that they have options for other crypto's like LTC, Doge and ETH. If I going to used alts, I'm probably go with Doge because as what other's have said, transaction fee is minimal so I might get Doge and use it for my online gambling.

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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.

Topic: BTC getting too expensive to gamble with - page 26. (Read 9436 times)