BTC getting too expensive to gamble with - page 6.

sunsilk

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Quote from: mich on May 08, 2019, 05:49:17 PM

Its only going to get more expensive as the price continues to increase.
I just sent a BTC transaction and it cost me about $1 which is about 99 cents too much.
For this reason alone I am not gambling as much since it costs me too much to send the BTC.

If the deposited amount isn't that much, a $1 fee is too much. But when it comes to fees, I'm not really looking to it as long as the deposited amount is also high.

As an alternative, you can convert it first to litecoin, dogecoin or Ethereum so you can save yourself on fees.

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Its only going to get more expensive as the price continues to increase.
I just sent a BTC transaction and it cost me about $1 which is about 99 cents too much.
For this reason alone I am not gambling as much since it costs me too much to send the BTC.

STT

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Casinos have been open to alt coin for a while now because of the unfair pressure that transaction fees added and would have impeded their business otherwise. Adjusting fees to account for BTC price would be a big deal when it can double in value or more, anything rigid is going to accumulate into discouraging any potential business.

One site I used with deposits have never adjusted their withdrawal fee, not from the days BTC was 2 or 3 digits. So if I want my money back they are demanding I pay them 0.1 BTC and they find that behaviour reasonable, obviously its extortion and stubbornness in their own favour.

Luckily I dont have much there but any inclination for a company not to stay upto date with the price would be seen that way and customers would become extremely wary. Otherwise BTC rising is not a problem by itself, bets scale thats all. The positive flip side to that is many bets allow such tiny amounts as BTC has been much higher previously, I like that as I can bet small while learning

shoreno

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Quote from: Ucy on May 08, 2019, 04:07:18 PM

This shouldn't be an issue in the first place. Casino should adjust a little(once in a while) when there is drastic increase or decrease in price of bitcoin.
I guess this is why bitcoin is divisible.

what do you mean adjust ? adjust thier fees ? i dont really get what you are trying to say .

Quote from: Ucy on May 08, 2019, 04:07:18 PM

I wonder why you think altcoins are better in this regard. They fluctuate along with bitcoin.

not really . alts are more stable than bitcoins . some gamblers think that alts are better because alts are cheap ( cheap tx fees , cheap price ) alts are also more faster when it comes to withdrawal or deposits compare to bitcoin .

btc's high price is the reason on why some gambler thinks that it is expensive to use for gambling . this why gambling sites are now starting to accept altcoins because alts can be a good alternative if btc price pumps .

Dreamchaser21

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Quote from: Ucy on May 08, 2019, 04:07:18 PM

This shouldn't be an issue in the first place. Casino should adjust a little(once in a while) when there is drastic increase or decrease in price of bitcoin.
I guess this is why bitcoin is divisible.
I wonder why you think altcoins are better in this regard. They fluctuate along with bitcoin.

Casinos are adjusting it if the price of every coin increased, though there are some minimum bet but I think its value are also changing and also the rewards. Bitcoin is expensive unil now, but its your choice on what coin to be use, i still prefer bitoin because its easy to get btc.

Ucy

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Compare rates on different exchanges & swap.

This shouldn't be an issue in the first place. Casino should adjust a little(once in a while) when there is drastic increase or decrease in price of bitcoin.
I guess this is why bitcoin is divisible.
I wonder why you think altcoins are better in this regard. They fluctuate along with bitcoin.

Pattart

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Quote from: Oilacris on January 03, 2018, 05:44:30 PM

Quote from: LordDisick on January 03, 2018, 04:49:22 PM

Quote from: Sale_man on December 22, 2017, 07:19:38 PM

I totally agree with that. Bitcoin surpassed 15.000$ and it's a bit expensive to gamble with. As a gambler, i used to play with bitcoin but not anymore. I quited online casinos and sports sites and i switched to card games. I do not play much card games so i'm not playing much this current period of time.
Bitcoin raised so fast and became so expensive. I honestly rather stock it instead on wasting it on random gamblings.

Correct,because of the increasing price of bitcoin its really a bad choice to use it in gambling. Instead the best option is using altcoins instead. Its better to keep bitcoins than to waste it on gambling because its more profitable than other coins.

For long term holds then its wise to save up your bitcoin rather than on wasting it on playing gambling and come to think off that isnt wise to make bitcoin deposit hence the price of fees isnt that low as we see as of now which means we will really be forced to used up some alts on playing and luckily most of gambling sites now are offering such options.

who told you to use saving money to gamble? many people recommend gambling using leftover money or unused money, so you don't mind if your money is spent in gambling, and moreover there are other options for gambling, using altcoins that are much cheaper?

imstillthebest

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Quote from: MakeMoneyBtc on May 08, 2019, 03:05:47 AM

Quote from: lenovo16 on January 04, 2018, 03:01:20 AM

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.

Actually bitcoin , was really expensive. Why ? Because of its too high price that's makes it more expensive. Aside from that bitcoin was the main coin use in gambling because if you won using this coin , then you actually won a huge amountbof money. But as you can see even if the value of bitcoin was too expensive its many gambler are still using it and believe that bitcoin will give them a huge income.

I think the real problem is the volality of bitcoin because people are afraid the their money losing their value overtime. When you buy bitcoin and deposit it on a gambling site you have the same amount of money you have spent because the value of bitcoin is the same but if you hold it there for a few months that value will change since the price of bitcoin will also change.

Volatility is not a problem here but volatility is the one that helps the price of bitcoin to become expensive . when you buy a bitcoin and then you deposit it on a gambling site , there is a chance that your bitcoin could rise or fall and that is the same as when you hodl your bitcoins for months . gambling with bitcoin is expensive indeed but your profits are also higher though your losses will also get bigger .

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MakeMoneyBtc

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Quote from: lenovo16 on January 04, 2018, 03:01:20 AM

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.

Actually bitcoin , was really expensive. Why ? Because of its too high price that's makes it more expensive. Aside from that bitcoin was the main coin use in gambling because if you won using this coin , then you actually won a huge amountbof money. But as you can see even if the value of bitcoin was too expensive its many gambler are still using it and believe that bitcoin will give them a huge income.

I think the real problem is the volality of bitcoin because people are afraid the their money losing their value overtime. When you buy bitcoin and deposit it on a gambling site you have the same amount of money you have spent because the value of bitcoin is the same but if you hold it there for a few months that value will change since the price of bitcoin will also change.

bitcoinisbest

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Quote from: mayidid on January 03, 2018, 06:19:45 PM

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. Many casinos offer gambling with Litecoin and Ethereum. A few casinos also offer gambling with other altcoins like Doge, DASH etc.

Considering the altcoins rise it would be not to late when this altcoins price will also rise and become a huge in value. So then latter one would be thinking like btc is expensive and should not have gambled in a same way this altcoins in some years would be a lot of worth . So gambling today with this coins may be a huge loss for the future if price rise like btc.

STT

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Bitcoin price doesnt even matter, thats not how any economy works. Success should not mean a discouragement to use this now valuable asset, thats so wrong. Im certain the people who change the Bitcoin protocol will fix fees eventually, because I doubt these people are stupid enough to believe the world contains a majority who will accept 30 dollars just to transmit a bit of value.

Satoshi put in alot of fail safes in his crypto work and one is open source competition. They will not be able to stop the blockchain by over charging for fees because now its too successful, that is such nonsense. Im confident efficiency is the centre of every true sucess story and BTC will never be too expensive because they will allow the smallest amounts to transmit safely without great cost. It will happen, too many people want it that way and are able to make it so.

This is a caterpillar and butterfly situation, it will develop even if its an ugly looking git of a show right now

Baofeng

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Quote from: LANZ777 on January 05, 2018, 10:56:49 AM

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.

Yes bitcoin is too much expensive now. That's why every gambler is excited to win bitcoin. Every gambler now was greed and longing to get plenty of bitcoin to become rich quickly. Gambling is good when it comes to bitcoin talk. This is the best way for me to save for the future of my kids. That my dreams will come true through bitcoin. I will wait this moment to be a part of rich person in bitcoin. Everybody will grab bitcoin now because on its amazing price now that is so very expensive.

Bitcoin is gaining ground once more almost touching $17K so its really hard to gamble when the price is going up. We really love to gamble, but if the price keeps going up, sometimes to better to hold than you gamble all your bitcoin and hope that you will win, otherwise all your bitcoin could be gone in an instant. Although I still gamble online, I have to limit myself, that's why I would just go to a landbased casino and just play it there. At least I can only bring amounts that I can afford to lose.

LANZ777

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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.

Yes bitcoin is too much expensive now. That's why every gambler is excited to win bitcoin. Every gambler now was greed and longing to get plenty of bitcoin to become rich quickly. Gambling is good when it comes to bitcoin talk. This is the best way for me to save for the future of my kids. That my dreams will come true through bitcoin. I will wait this moment to be a part of rich person in bitcoin. Everybody will grab bitcoin now because on its amazing price now that is so very expensive.

stingers

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Quote from: noormcs5 on January 04, 2018, 05:15:14 AM

Quote from: lenovo16 on January 04, 2018, 03:01:20 AM

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.

Actually bitcoin , was really expensive. Why ? Because of its too high price that's makes it more expensive. Aside from that bitcoin was the main coin use in gambling because if you won using this coin , then you actually won a huge amountbof money. But as you can see even if the value of bitcoin was too expensive its many gambler are still using it and believe that bitcoin will give them a huge income.

Bitcoin expensive because of its price value is high. Yeah, it is right, when we play with bitcoin then we take a big risk with our big money but if we win then no doubt we have double bitcoin. But instead of it that bitcoin is going to expensive but still people like to play with it and continuously gamblers are playing bitcoin gambling. Because bitcoin has more online gambling sites other than coins.

Bitcoin is not expensive because of its high price value, websites allow as low as 0.001 to gamble, you don't always need to gamble thousands of dollars worth Bitcoin. Bitcoin gambling is expensive because of high transaction fees.
Even the regular fees now varies from $30-40 which is the amount most of casual gamblers start with. I believe if the Bitcoin-exclusive websites want to survive then they should start depositing alt coins with low fees too.

EdenHazard

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Quote from: ethereumhunter on January 04, 2018, 02:34:38 AM

Quote from: EdenHazard on January 03, 2018, 05:59:40 PM

Quote from: LordDisick on January 03, 2018, 04:49:22 PM

Quote from: Sale_man on December 22, 2017, 07:19:38 PM

I totally agree with that. Bitcoin surpassed 15.000$ and it's a bit expensive to gamble with. As a gambler, i used to play with bitcoin but not anymore. I quited online casinos and sports sites and i switched to card games. I do not play much card games so i'm not playing much this current period of time.
Bitcoin raised so fast and became so expensive. I honestly rather stock it instead on wasting it on random gamblings.

Correct,because of the increasing price of bitcoin its really a bad choice to use it in gambling. Instead the best option is using altcoins instead. Its better to keep bitcoins than to waste it on gambling because its more profitable than other coins.

how it could be a bad choice when you won 0.1 bitcoin at $10,000 rates but then in the next few days it increased to $20,000 , it feels like you gamble twice , yes it has a lot more advantage when you gamble use bitcoin with its volatility.

think again about that and you will consider it as a double winning also an investment.

I think people are not ready to lose a big amount of bitcoin than a big amount other coins and this is why they decide to leave the games and move to other games with another coin. bitcoin is getting too expensive for the gambles and I think we still have another coin to place bets. usually, I used dogecoin to place a bet because of this coin still cheap and the time to send to other wallet doesn't take too long and I think I am fine if I only lose 1k doge rather than 0.001 btc right now.

if you mean about the minimal bet amount then i will agree it is too expensive place a bet like 0.01 or maybe 0.001 for some people , there several casinos adjusted their minimum betting amount and for some reasons some of them decide to stay with the old minimum bet amount.

i just think when it comes to taking risk , it is always worth to use bitcoin , that is what i mean.

oHnK

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Quote from: noormcs5 on January 04, 2018, 05:15:14 AM

Bitcoin expensive because of its price value is high. Yeah, it is right, when we play with bitcoin then we take a big risk with our big money but if we win then no doubt we have double bitcoin. But instead of it that bitcoin is going to expensive but still people like to play with it and continuously gamblers are playing bitcoin gambling. Because bitcoin has more online gambling sites other than coins.

It is the same when we play with other altcoin as well but if you think that it is expensive then you could just use a very small amount to play. Most site allow you to gamble as low as 100 satoshi, that is less than $1 so it should be fine. The main thing is that when you want to withdraw from the site, the transaction fees is quite high if you use bitcoin

noormcs5

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Quote from: lenovo16 on January 04, 2018, 03:01:20 AM

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.

Actually bitcoin , was really expensive. Why ? Because of its too high price that's makes it more expensive. Aside from that bitcoin was the main coin use in gambling because if you won using this coin , then you actually won a huge amountbof money. But as you can see even if the value of bitcoin was too expensive its many gambler are still using it and believe that bitcoin will give them a huge income.

Bitcoin expensive because of its price value is high. Yeah, it is right, when we play with bitcoin then we take a big risk with our big money but if we win then no doubt we have double bitcoin. But instead of it that bitcoin is going to expensive but still people like to play with it and continuously gamblers are playing bitcoin gambling. Because bitcoin has more online gambling sites other than coins.

Lionidas

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Quote from: mayidid on January 03, 2018, 06:19:45 PM

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. Many casinos offer gambling with Litecoin and Ethereum. A few casinos also offer gambling with other altcoins like Doge, DASH etc.

I know of other casinos then what I am use to using allowing you to gamble with doge and litecoin but didn't know about dash.
Which ones are allowing you to use dash instead of the above and bitcoin?
I would be interested to know. Thank you.

lenovo16

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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.

Actually bitcoin , was really expensive. Why ? Because of its too high price that's makes it more expensive. Aside from that bitcoin was the main coin use in gambling because if you won using this coin , then you actually won a huge amountbof money. But as you can see even if the value of bitcoin was too expensive its many gambler are still using it and believe that bitcoin will give them a huge income.

Topic: BTC getting too expensive to gamble with - page 6. (Read 9460 times)