BTC getting too expensive to gamble with - page 4.

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: Bitcoinsummoner on May 25, 2019, 04:37:29 PM

Quote from: nikola22 on May 19, 2019, 05:53:05 PM

as for me there is no any difference what kind of cryptocurrency you use for gambling. yes, BTC costs a lot but also your rewards will be in BTC.

If you tink btc costs a lot of you then you can set it to bits, satoshi or mbtc in this way it will turn into lower value though all are same but unit will be less then bitcoinI mean they are smaller units.

He was probably mentioning about the transaction fee for Bitcoin. A few weeks back, the average cost of transaction used to be somewhere between $0.10 and $0.30. Now this has gone up by almost 10 times, to $3.00 per transaction. And in case the bull run continues for the next couple of months, then we can expect the fee to touch $10.00 per transaction.

quanyb98

jr. member

Activity: 63

Merit: 3

Free Crypto in Stake.com Telegram t.me/StakeCasino

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 think doge is the best coin to play dice, because it's fast at transaction and easy to deposit or withdraw. Also the price is stable too.

Polar91

hero member

Activity: 1120

Merit: 553

Filipino Translator 🇵🇭

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.

My preferences are only top three coins in coinmarketcap which includes Ethereum and Ripple. The reason why these are the preference of most of people including me is because it has the largest market cap in cryptocurrency which means they have the biggest volume thus more people are expected to use it.

This is correlated to gambling. The transaction fee and security aren't just things we should consider; sometimes we need to consider the volume so we can gamble with a lot of gamblers use to play thus we have more probablity of winning with huge bonuses.

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: nikola22 on May 19, 2019, 05:53:05 PM

as for me there is no any difference what kind of cryptocurrency you use for gambling. yes, BTC costs a lot but also your rewards will be in BTC.

If you tink btc costs a lot of you then you can set it to bits, satoshi or mbtc in this way it will turn into lower value though all are same but unit will be less then bitcoinI mean they are smaller units.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: UmerIdrees on May 19, 2019, 06:54:21 PM

Quote from: rachman mahesa on May 13, 2019, 04:20:47 PM

I have previously said that playing gambling is better to use a cheaper Doge, of course. And beforehand your goal to play gambling if you want to get a profit, of course, BTC is bigger and bigger, the risk is also greater. Because I play gambling for fun, and using Doge is certainly cheaper for every game. Maybe here many people use doge for gambling games.

Many people are shifting to ETH or doge to play gambling instead of bitcoin. The reason being bitcoin price is getting higher and people do not want to risk bitcoin in gambling. Also the transfer fee of ethereum and doge is much less than as compare to the bitcoins.

It is better to choose dogecoin than choose ethereum for playing gambling because the price of dogecoin is lower than ethereum and if we buy dogecoin with 1 ethereum or 0.5 ethereum, we can get much of dogecoin. We can use that dogecoin to play for a long time especially if you are bets in small amount, and I am sure you will have more dogecoin in your wallet so you can continue in the other days.

btcyoda

member

Activity: 644

Merit: 10

Quote from: Bitcoinsummoner on May 19, 2019, 03:20:42 PM

Quote from: emberbekas on May 12, 2019, 06:37:23 PM

Quote from: Bitcoinsummoner on May 12, 2019, 10:35:29 AM

Quote from: rodel caling on May 08, 2019, 07:55:30 PM

Yeah because bitcoin is getting too expensive their price then you we can use altcoins, I can use dogecoin or litecoins.

How bitoin is become expensive I am not sure and curious to know. When 1 btc was 3300$ then if you bet for 1 bitcoin then if now price is 6600$ (for example) then why you are not betting for 0.5BTC then the cost will be same. I apply this technique.

Yes, we can adjust the size of our bets instead of converting it into alts. I do it too based on price movements. Increase the size when prices are in a downtrend and vice versa. I will use alts when bitcoin transaction is busy and takes a long time to get a confirmation.

Yes, I also do the same I try to use bitcoin maximum time but when I see the fees are high or taking more time than usual to deposit on the betting site then I try to use doge coin as it is quite fast.

That is the best way we have to plan when the fee of Bitcoin is kept increasing makes us hold them because sometimes the confirmation will also take time. Instead of waiting for the confirmation it is always good to transfer Doge coin because transaction confirmations will be very fast compared to Bitcoin.

Ziskinberg

hero member

Activity: 2926

Merit: 636

Quote from: Thanasis on May 19, 2019, 11:52:25 PM

Quote from: Viscore on May 19, 2019, 06:46:54 PM

Quote from: nikola22 on May 19, 2019, 05:53:05 PM

as for me there is no any difference what kind of cryptocurrency you use for gambling. yes, BTC costs a lot but also your rewards will be in BTC.

Sorry, but you don't get what OP's post is all about.
It's the expensive transaction fee every time you deposit, and I can really agree with that as bitcoin network now congested, the fee is also higher.

We can gamble with altcoins and then trade it with BTC, that would be easy, but winning is really hard.
I just tried doge transferring to other exchange and it's very cheap in transaction fee, I hope all gambling sites will add this coin.

Transaction fee is not too much expensive to be honest,recently the transaction fee cost about $2 for sending $350 of bitcoin which is still pretty okay for most of the gamblers.Coins like doge is also good when people want cheap transaction fee but it will get too much expenses for them to increase and maintain the security measure for each coin so as long as they have less coin the site will be more secured.

That's not expensive if you are sending $350 but I don't think most gamblers can afford that range
IMO, majority of the gamblers are spending money like $100 and below, and I seen some posts in this forum that he gambles like 5 usd, therefore using bitcoin for gambling when the transaction fee gets higher is not helpful for small time gamblers.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: UmerIdrees on May 19, 2019, 06:54:21 PM

Quote from: rachman mahesa on May 13, 2019, 04:20:47 PM

I have previously said that playing gambling is better to use a cheaper Doge, of course. And beforehand your goal to play gambling if you want to get a profit, of course, BTC is bigger and bigger, the risk is also greater. Because I play gambling for fun, and using Doge is certainly cheaper for every game. Maybe here many people use doge for gambling games.

Many people are shifting to ETH or doge to play gambling instead of bitcoin. The reason being bitcoin price is getting higher and people do not want to risk bitcoin in gambling. Also the transfer fee of ethereum and doge is much less than as compare to the bitcoins.

The idea of having a huge transaction fees is considerable but risking bitcoin for gambling, it's not a matter with gamblers as they will keep playing whatever it is, they allocated funds from fiat to btc but now that other crypto can be used and have a much lesser transaction fees, they are now
adjusting and adopting this process to take the advantage of enjoying the game while having a much lesser fees.

With the gih growth of bitcoin, gamblers also learned from the last time high so they will be will be switching from other available coins to use for their gambling activities.

Thanasis

hero member

Activity: 1820

Merit: 515

★777Coin.com★ Fun BTC Casino

Quote from: Viscore on May 19, 2019, 06:46:54 PM

Quote from: nikola22 on May 19, 2019, 05:53:05 PM

as for me there is no any difference what kind of cryptocurrency you use for gambling. yes, BTC costs a lot but also your rewards will be in BTC.

Sorry, but you don't get what OP's post is all about.
It's the expensive transaction fee every time you deposit, and I can really agree with that as bitcoin network now congested, the fee is also higher.

We can gamble with altcoins and then trade it with BTC, that would be easy, but winning is really hard.
I just tried doge transferring to other exchange and it's very cheap in transaction fee, I hope all gambling sites will add this coin.

Transaction fee is not too much expensive to be honest,recently the transaction fee cost about $2 for sending $350 of bitcoin which is still pretty okay for most of the gamblers.Coins like doge is also good when people want cheap transaction fee but it will get too much expenses for them to increase and maintain the security measure for each coin so as long as they have less coin the site will be more secured.

sowns

jr. member

Activity: 67

Merit: 3

What do you mean bitcoin is getting too expensive to gamble with? Can’t you just “scale” it back like any other currency(like from 0.01 at $50 to 0.005 at $50 as an example)(note that it’s not always one to one)? I don’t mean scaling the actual price of bitcoins either btw. I don’t think I’ll be switching myself and I usually play at Nitrogen, if that can be counted as a casino...(maybe a discount casino? xD)

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: UmerIdrees on May 19, 2019, 06:54:21 PM

Quote from: rachman mahesa on May 13, 2019, 04:20:47 PM

I have previously said that playing gambling is better to use a cheaper Doge, of course. And beforehand your goal to play gambling if you want to get a profit, of course, BTC is bigger and bigger, the risk is also greater. Because I play gambling for fun, and using Doge is certainly cheaper for every game. Maybe here many people use doge for gambling games.

Many people are shifting to ETH or doge to play gambling instead of bitcoin. The reason being bitcoin price is getting higher and people do not want to risk bitcoin in gambling. Also the transfer fee of ethereum and doge is much less than as compare to the bitcoins.

Usually i pick doge because of that too. And fixed fee to transfer bitcoin is what actually be my problem. Because actually whatever price of bitcoin we still can buy it wih our own money to gamble but to send it, need big fee if must exchanged to fiat.

UmerIdrees

hero member

Activity: 2366

Merit: 866

Quote from: rachman mahesa on May 13, 2019, 04:20:47 PM

I have previously said that playing gambling is better to use a cheaper Doge, of course. And beforehand your goal to play gambling if you want to get a profit, of course, BTC is bigger and bigger, the risk is also greater. Because I play gambling for fun, and using Doge is certainly cheaper for every game. Maybe here many people use doge for gambling games.

Many people are shifting to ETH or doge to play gambling instead of bitcoin. The reason being bitcoin price is getting higher and people do not want to risk bitcoin in gambling. Also the transfer fee of ethereum and doge is much less than as compare to the bitcoins.

Viscore

hero member

Activity: 3164

Merit: 660

Live with peace and enjoy life!

Quote from: nikola22 on May 19, 2019, 05:53:05 PM

as for me there is no any difference what kind of cryptocurrency you use for gambling. yes, BTC costs a lot but also your rewards will be in BTC.

Sorry, but you don't get what OP's post is all about.
It's the expensive transaction fee every time you deposit, and I can really agree with that as bitcoin network now congested, the fee is also higher.

We can gamble with altcoins and then trade it with BTC, that would be easy, but winning is really hard.
I just tried doge transferring to other exchange and it's very cheap in transaction fee, I hope all gambling sites will add this coin.

nikola22

full member

Activity: 1316

Merit: 105

as for me there is no any difference what kind of cryptocurrency you use for gambling. yes, BTC costs a lot but also your rewards will be in BTC.

bonker

hero member

Activity: 784

Merit: 502

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.

definitely Bitcoin is the most useful options for gambling but once you have loss in it it will give a huge problem for you that's why the investment using Bitcoin will be little risk yeah but you have opportunity to get success it really a huge success.

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: emberbekas on May 12, 2019, 06:37:23 PM

Quote from: Bitcoinsummoner on May 12, 2019, 10:35:29 AM

Quote from: rodel caling on May 08, 2019, 07:55:30 PM

Yeah because bitcoin is getting too expensive their price then you we can use altcoins, I can use dogecoin or litecoins.

How bitoin is become expensive I am not sure and curious to know. When 1 btc was 3300$ then if you bet for 1 bitcoin then if now price is 6600$ (for example) then why you are not betting for 0.5BTC then the cost will be same. I apply this technique.

Yes, we can adjust the size of our bets instead of converting it into alts. I do it too based on price movements. Increase the size when prices are in a downtrend and vice versa. I will use alts when bitcoin transaction is busy and takes a long time to get a confirmation.

Yes, I also do the same I try to use bitcoin maximum time but when I see the fees are high or taking more time than usual to deposit on the betting site then I try to use doge coin as it is quite fast.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

The highest cap coins tend to get flooded with FOMO transactions when prices surge and this will increase the fees.

I don't use BTC daily to know the exact numbers, but the Ethereum which I use for gaming gets very bad!
The price of a simple smart contract tx used to be 0.000162 (0.024€) and it would confirm instantly; today the same tx costs 0.000859 (0.18€).

777coin.com supports shapeshift and you can deposit in your account using XRP, probably the best choice when it comes to a quick, cheap and liquid asset.

hydropump

brand new

Activity: 0

Merit: 0

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.

The cryptocurrency that i am currently using to play in a online casino is Bitcoin. When bitcoin is starting to increase it's price the fee is starting increase as well, that is why sometimes we encounter troubles in paying fee. But for me, it is better if i use my bitcoin to play in a online casino, so that i can add all of my winnings in my investment because bitcoin is great for a long term investment. Actually, i always play in this bitcoin casino because it has instant payouts and it is very safe to play here that makes me convenient to play. It also offers fantastic bonuses in every games you play.

Viscore

hero member

Activity: 3164

Merit: 660

Live with peace and enjoy life!

Quote from: slaman29 on May 13, 2019, 04:46:40 AM

Quote from: Viscore on May 13, 2019, 01:42:11 AM

The fee will increase as the price of bitcoin increase or if bitcoin is bullish.

I am constantly doing deposits and withdrawals and every time I send from my wallet, I should set the fee to .70 usd or more to confirm faster.
When I withdraw, I also noticed that trading sites paid over $1 for transaction fee and they don't charge me anything on that, they have a free fee for every withdrawal.

That is absolutely untrue, there have been coincidences but no, the fee has always stayed more or less the same in satoshi, but you feel the pinch because of Bitcoin's ever increasing price. In fact, that's also not accurate. Ever since new upgrades, Segwit being the most obvious, fees have been decreasing in terms of satoshi. More transactions inside a block and smaller transactions so of course fees are cheaper.

What kind of wallet lets you set fees in USD? That's a very strange wallet.

I am using at electrum wallet, the fees are adjustable but I have to set giving a decent amount so it will confirm faster.
The transaction fee I said which is .70 usd was on my legacy wallet.

A little correction on the trading sites I mentioned in my first post, it's suppose to be a gambling site, sorry, was thinking gambling site but I typed trading site.

redsun114

hero member

Activity: 2674

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: MFahad on May 12, 2019, 11:50:03 PM

Quote from: Duzter on May 09, 2019, 01:47:54 AM

The market will always fluctuate, no matter how big or the low is the price of bitcoin. We need to spend what is affordable to loss with comparison to the current market price of bitcoin. I've experienced luck, once I spend $50 on sports betting and before the match got over there is a big increase in the price of bitcoin. This gave me additional $10 when my winning fund got credited.

Yeah, bitcoin price all the time fluctuate, but if we afford it then better to bet only with bitcoin, it will great for us if we win in game, and i always prefer bitcoin for betting in sports because as i think, i can play good in sports that's why i use bitcoin, but in other game like dice i use altcoin. So we could manage our bitcoin and altcoin in playing gambling.

But the limit should be small in case of gambling with crypto coins because our crypto coins means a lot and we should not lose in playing games. Mainly the Bitcoin is very rich and it will be a foolish decision to start gambling with it because we can use it for trade and can earn a lot there. Furthermore, there is maximum percentage of making profit than the gambling that holds only 50 percent possibility.

Topic: BTC getting too expensive to gamble with - page 4. (Read 9436 times)