Gambling with crypto currencies was one of my pastimes, mostly litecoin and doge, but bitcoin was also on the table.
But not anymore. Bitcoin is better suited for long-term investments, not for gambling.
Topic: Btc or Usdt? Which is better to gamble with? (Read 358 times)
I love games but am not a fan of gambling. But I think it is better to gamble with BTC, you will trust to play with bitcoin or usdt (apart from the problem of exchanging with fiat currency, Usdt is no different than you are managed "centrally" with accounts) ? It clearly does not have the necessary limit of freedom.
If I'm worried about volatility, I'd rather gamble with fiat. Lol, for me, when it comes to gambling it's best to leave no trace.
If I'm worried about volatility, I'd rather gamble with fiat. Lol, for me, when it comes to gambling it's best to leave no trace.
I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?
Individual perception but personally i don't gamble with btc, i have held some percentage of my portfolio through the ath and sold some to re-buy when it dip, i am not much of a gambler so i like to maintain my position with the btc i have, right now am able to re-buy back with the dip which is good, however, i prefer alts flipping than btc, and this is something i do occasionally not frequently since my goal is long term.
IMO, I think USDT is better, even better if you use TRC20 as the transaction is the cheapest.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
USDT is a stable coin so it is obvious that there is no big risk from a volatility that we can face with other coins like btc or eth. We cant deny that the volatility of bitcoin may give us extra profit when we are winning on gambling but it may give us less profit if we convert it to fiat directly after winning.
Which one is better? It is all about preferences, if you are a risk taker from volatility then BTC is the best choice but if you cant take the risk of volatility then USDT as stable coin is the best choice.
As a gambler, you should aim to win and withdraw, delaying the withdrawal because of the price volatility and you want to make sure you also enjoy a good rate may delay the action, for me, it might distract your focus so I USDT is best for you if you have this kind of mentality in gambling.
We have a choice, it depends on what we like, but we should always put in mind, we gamble to win on games, not on price volatility.
Delaying withdrawal because waiting for the price to move up is not recommended as we can withdraw it directly then hold it on our wallet if we gamble with high volatility coins. Means that even if I prefer to use bitcoin, it will not make me do any delays of withdrawal once I win some after playing.
I also not saying that we should gamble because of the volatility, my main idea is that gambling with volatility coins and stable coins has its own advantage and disadvantage.
IMO, I think USDT is better, even better if you use TRC20 as the transaction is the cheapest.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
USDT is a stable coin so it is obvious that there is no big risk from a volatility that we can face with other coins like btc or eth. We cant deny that the volatility of bitcoin may give us extra profit when we are winning on gambling but it may give us less profit if we convert it to fiat directly after winning.
Which one is better? It is all about preferences, if you are a risk taker from volatility then BTC is the best choice but if you cant take the risk of volatility then USDT as stable coin is the best choice.
As a gambler, you should aim to win and withdraw, delaying the withdrawal because of the price volatility and you want to make sure you also enjoy a good rate may delay the action, for me, it might distract your focus so I USDT is best for you if you have this kind of mentality in gambling.
We have a choice, it depends on what we like, but we should always put in mind, we gamble to win on games, not on price volatility.
I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?
If your only concern is the fee of a transaction increases often then swapping from BTC to USDT or the upside down there is no actual use in it because both have hige number of incoming transaction according to the price movements. Choose the coins with good liquidity and kimdnof stable fee for very long time like LTC. 
It differs on gambler's preferences, personally, I like bitcoin over USDT, but I like altcoins over BTC, so I choose altcoins particularly XRP when it comes to gambling and the reason is the cheap transaction fee and it's faster to confirm at the same time. Actually, I'm not worried about its price volatility, my only main concern is to save from high fees and altcoins really suit me.
usdt maintain it's stability while BTC is volatile, meaning if you are gambling 0.5 BTC the value may depreciate but USDT is stable currency that will not reduce or depreciate it value so you don't need to worry about being loosing your funds or not the only thing to worry is the btc aspect which using to Gamble.
What do you mean by stable value, 1BTC is always equals to 1BTC that is what same as you think 1 USDT or USD always 1 USD.
But have you ever wondered that 1 USD has never been equal to 1 USD in the long run.
For example in 19th century 1 USD = 1 OZ of gold but today 1800 USD = 1 OZ ? Which means the value of USD dropped almost 1800 times in the last 150 years time frame!
I got your point but i what i meant is that; he is afraid of his asset being btc he have on the betting site. So he don't know what to bet with either btc or usdt, sometime it's good to bet with usdt because you might bet with btc and price depreciate in that aspect you have loosed value in USD but converting to USD if the price happened to depreciate it won't affect the usdt values. this only can be done if he noticed that btc price is dropping drastically.
usdt maintain it's stability while BTC is volatile, meaning if you are gambling 0.5 BTC the value may depreciate but USDT is stable currency that will not reduce or depreciate it value so you don't need to worry about being loosing your funds or not the only thing to worry is the btc aspect which using to Gamble.
What do you mean by stable value, 1BTC is always equals to 1BTC that is what same as you think 1 USDT or USD always 1 USD.
But have you ever wondered that 1 USD has never been equal to 1 USD in the long run.
For example in 19th century 1 USD = 1 OZ of gold but today 1800 USD = 1 OZ ? Which means the value of USD dropped almost 1800 times in the last 150 years time frame!
I got your point but i what i meant is that; he is afraid of his asset being btc he have on the betting site. So he don't know what to bet with either btc or usdt, sometime it's good to bet with usdt because you might bet with btc and price depreciate in that aspect you have loosed value in USD but converting to USD if the price happened to depreciate it won't affect the usdt values. this only can be done if he noticed that btc price is dropping drastically.
usdt maintain it's stability while BTC is volatile, meaning if you are gambling 0.5 BTC the value may depreciate but USDT is stable currency that will not reduce or depreciate it value so you don't need to worry about being loosing your funds or not the only thing to worry is the btc aspect which using to Gamble.
What do you mean by stable value, 1BTC is always equals to 1BTC that is what same as you think 1 USDT or USD always 1 USD.
But have you ever wondered that 1 USD has never been equal to 1 USD in the long run.
For example in 19th century 1 USD = 1 OZ of gold but today 1800 USD = 1 OZ ? Which means the value of USD dropped almost 1800 times in the last 150 years time frame!
usdt maintain it's stability while BTC is volatile, meaning if you are gambling 0.5 BTC the value may depreciate but USDT is stable currency that will not reduce or depreciate it value so you don't need to worry about being loosing your funds or not the only thing to worry is the btc aspect which using to Gamble.
IMO, I think USDT is better, even better if you use TRC20 as the transaction is the cheapest.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
USDT is a stable coin so it is obvious that there is no big risk from a volatility that we can face with other coins like btc or eth. We cant deny that the volatility of bitcoin may give us extra profit when we are winning on gambling but it may give us less profit if we convert it to fiat directly after winning.
Which one is better? It is all about preferences, if you are a risk taker from volatility then BTC is the best choice but if you cant take the risk of volatility then USDT as stable coin is the best choice.
IMO, I think USDT is better, even better if you use TRC20 as the transaction is the cheapest.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
Gambling with BTC is so risky as you'll also deal with the price volatility, with that, you might be distracted especially if you are gambling with huge money as little percent movement could affect the value of your bankroll. I'm hoping that more gambling sites will add TRC20 to their platform as this would give gamblers, especially those who have a small capital only to enjoy more.
I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?
Looks like I disagree with you calling btc a gamble. It doesn't seem to be friendly to the meaning and birth of today's market. In the past, bloomberg, bitfinex, tether have all been accused of inconsistencies regarding usdt's cumulative supply of emissions but I personally think usdt and bitcoin have a correlation to market value , it is still the powerful and popular stable coin today. I'm not sure what happens in the future for tether but certainly, when tether inflates, the value of bitcoin will have to be proportional. 
But most charge shameful fees for withdrawals. Ethereum is even worse, but a few also offer XRP or TRX. TRX is quite nice as it has very low fees anyway, is fast and withdrawals can also be cheap. Even Dogecoin became expensive you could say, certainly on some websites.
But like I mentioned in my first post, I didn't discuss about other cryptocurrencies but bitcoin and usdt only because usdt is 'nearly' fixed because I have also seen big manipulations in it during times when btc swings too much while being very much volatile. And when btc dips, altcoins like xrp and trx dip more in percentage compared to btc, so these alternatives are also not worth to be gambled with.
Ok got you. Then I can add that the USDT withdrawals also suck of course because it is Ethereum based and there are exchanges as well gambling sites which charge double figure withdrawal fees. You avoid the risk of volatility, but you can deduct a fixed amount of any winnings so to say just to get in and out of that gambling site. Double digit withdrawal fees suck and they don't adjust them according to current GWEI rates.
I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?
USDT is not a scam but as your colleagues think it may be blown someday since the team is printing tokens again and again when the market is rising so it may face hyperinflation. Whereas all the decentralized cryptos are volatile so whether you choose a stable decentralized token like DAI but rarely we can see them on the gambling sites so my suggestion will just go with the bitcoin and choose the sites which deposit your balance in fiat form like USD so no matter the price increase or decrease the value of your gambling account is going to be same.But most charge shameful fees for withdrawals. Ethereum is even worse, but a few also offer XRP or TRX. TRX is quite nice as it has very low fees anyway, is fast and withdrawals can also be cheap. Even Dogecoin became expensive you could say, certainly on some websites.
The problem is, how and when do we know about the bear trends taking place. When I am not sure about the trend (like the recent one where, when we thought btc was going back up, it came down again and again), is btc still a good option to gamble with? Or should I choose usdt to keep my gains limited, yet fixed instead of going for volatile gains?
Its depends on the time frame with which you are going to keep your winnings in the casino. If it's shorter time frames, then it doesn't matter. It it's longer time frames. It does matter, for example over the past couple of months, I would have been using USDT instead of BTC or ETH. If you have some experience trading you can easily tell when a price correction starts taking place. But most charge shameful fees for withdrawals. Ethereum is even worse, but a few also offer XRP or TRX. TRX is quite nice as it has very low fees anyway, is fast and withdrawals can also be cheap. Even Dogecoin became expensive you could say, certainly on some websites.
But like I mentioned in my first post, I didn't discuss about other cryptocurrencies but bitcoin and usdt only because usdt is 'nearly' fixed because I have also seen big manipulations in it during times when btc swings too much while being very much volatile. And when btc dips, altcoins like xrp and trx dip more in percentage compared to btc, so these alternatives are also not worth to be gambled with.
I had been gambling with btc since long time and even changed to some alts while fees in btc transactions were high. But after btc came down to half its ath, it had already flattened the curve for so many gamblers who doubled their btc but didn't sell it for fiat. I heard from some of my colleagues in crypto that Usdt is scam and may blow up some day, so is it a matter of worry that should stop me from gambling with Usdt? Or should I use it as a hedge against btc right now when the markets are so volatile and we are unsure of what may happen with btc's value?
USDT is not a scam but as your colleagues think it may be blown someday since the team is printing tokens again and again when the market is rising so it may face hyperinflation. Whereas all the decentralized cryptos are volatile so whether you choose a stable decentralized token like DAI but rarely we can see them on the gambling sites so my suggestion will just go with the bitcoin and choose the sites which deposit your balance in fiat form like USD so no matter the price increase or decrease the value of your gambling account is going to be same.But most charge shameful fees for withdrawals. Ethereum is even worse, but a few also offer XRP or TRX. TRX is quite nice as it has very low fees anyway, is fast and withdrawals can also be cheap. Even Dogecoin became expensive you could say, certainly on some websites.
for gambling connoisseurs of course btc is better than usdt. we can feel the sensation that multiplies both when we lose or win. I personally don't want to get involved in something that many people suspect
Jump to: