Topic: Cryptocurrency value display (Read 355 times)

I have always felt fully  comfortable playing poker with my stack displayed in BTC only : even more I think it helps me taking optimal game decision not having fiat value of my chips by band. They are just chips to me and I can focus better on my A-game.

yes, it's better to just relax and play with micro stakes, so that the risks in the game don't stress him out. he just needs to play and relax. In order to avoid occasional crypto conversions that fluctuate with market values, it is necessary to carry out some fairly risky calculations. a game of poker that requires a fairly calm mind to roll the dice.

To make the things more easier he can use any BTC to fiat converter sites like preev which supports almost all the fiat so simply enter the value to get an idea how much we are going to bet and keep that tab open to use whenever he feel that he is more interested to know the fiat value.

Try Stake.com, I`m using it for poker gameplay for a while now and its very efficient. You should deffinetly try it out!

Like everything it will come with time, it is really like speaking another language, at first you will have a lot of trouble to try to remember everything about this new language that you are trying to learn but with time it will come the moment where you not only will speak the language perfectly but you will realize that you can even think in that language directly without having to translate what you want to say from your native language to this new other language.

So as long as you keep using BTC as a unit of account eventually you will become used to it and you will know immediately how much fiat money you are making on each bet.

OP:
If you've been playing poker for years, you know that bet size defines everything, no matter if it's BTC, mbtc, or whatever.

If they give you a thousand of "something", a hundred of "something" or 10 of "something," in a conversion or deposit of your fiat money, simply divide it to your comfortable bet, which you know according to your possibilities, you have experience as I read in the OP.

For example for poker my minimum bet varies from $ 0.01 when I deposit $ 10, but sometimes I want to play at $ 0.1 in the first one is a ratio of 1: 1000 and in the second 1: 100 this in cash tables, in tournaments or S&G if I take higher risks but always based on my bankroll.

If "something¹" does not enter their betting ranges it is simple do not bet, there is a casino that offers for example "chip=(1)" then you deposit $ 10 according to SWC 1BTC = 1000000chips then you (which you should not) ignore the conversion, then you receive 190 chips.

You already have the "thing" that in this case already has a name of 190 chips:
First case (suggested) size is 0.19 chips
Second case (1:100) the size is 1.9 chips
Third case: yours decision.

Then find the stakes that suit:
0.02 / 0.04
0.05 / 0.1
And the maximum 1/2
These amounts are represented in chips. But if you do not want to see it by size of bets, then do it for the minimum buy-in to enter a cash table, it is even more reliable in fact I always use 100, it must be very bad to lose 100 buy in ... but believe me it does happen...
(100xbuy-in = bankroll)(10xbuy-in = bankroll)

Now if you want to play in the fiat currency there are casinos that allow you to deposit in crypto and play with dollars or euros, for example betnomi.

G.B.

Thank you guys for your input on this topic. Seems you're correct about it being a psychological obstacle to overcome. Mental switch to using another currency might take time but clearly is not a big problem. Travelling abroad often requires this switch and nobody really complain about it. I want cryptocurrency to be a thing.

That’s a normal scenario but don’t worry because if you looked at your portfolio, it is already converted to USD value which is easy to understand. Anyway, if you’re into Bitcoin and cryptogambling you really have to familiarize yourself to Satoshis, that’s hard at first but its really fun to see such small holdings with a great value on it. If you’re still confuse, do the necessary conversion before you place your bet to avoid losing big money.

Like what the others have said you have to keep on playing with these denominations until you get used to these amounts. If you want a different approach you could follow wxa's suggestion instead of writing it in a piece of a paper you could simply type it in a notepad or on the sticky pad app. But I don't think that's really needed since you only have to remember a single denomination like the common chip that you use to stake and it's equivalent in fiat. Once you get used to that denomination then it's all about moving the decimals to the left or right.

you played with stake ? as far as i know stake now allows you to displays cryptos in usd format but if you have still doubled your bets that was your fault already not the currency display or the gambling site that your playing .

i do experience doubling my bets but it was an accident and i admit that it was my own mistake but if you win that moment , you are going to end up happy but sorry it wasnt just your time to win and worst is that badluck hit you twice

I don't really understand what's the problem at all, it seems that you're not used to it and as such you may be scared because you do not know how much money you're actually betting but this can be easily solved, the only thing that you need to do is to write in a piece of paper what is the equivalent in dollars for each chip that you are betting, that way you can make a very fast conversion and be able to tell how much money you're betting.

Obviously this is going to mean more work for you but it is not such a big problem, after all we know that poker is a mental game and after a few days or weeks doing this I'm pretty sure you will know very quickly how much money you are betting in terms of dollars while still playing with the display being in cryptocurrencies.

Hello

You have to understand that there are websites which does use BTC and some of them who do use USD as a value . For example in Roobet , you will find that even though you send funds in BTC of ETH they will show that you have "x" amount of USD so you can use that as a baseline. Therefore it entirely depends on where you are playing , on which website you are betting on , if you have problems with conversion of BTC to USD or something then just use the websites who are using USD , you can just even go to settings and see but at the same time not everywhere you will find such options.

You can also just try and find the values online regarding BTC to USD and analyze yourself but then again you would need a lot of time to get accustomed to that.

Just find another website which have options favourable for you. Best of luck.

I don't think the worries will disappear in aspect when the game player is a newbie, want to play base on budget and don't understand the BTC conversion of her single bet in USD which is the current situation the OP is experiencing cause it will be hard for him to manage his portfolio. Besides, he will have to deal with making a conversion in USD every time before making a single bet. It will be good if he switches to a poker site that provide their betting in USD.

There is a psychological part to this question that OP asked.  Of course, it is difficult to switch from traditional fiat circulation of money to the perception in cryptocurrency.  But at present, when BTC is gradually growing against the $, I think it is better not to think at all that you won in dollars, but simply count everything in BTC.  And gradually it will become a habit and all worries will disappear.

Well, Betnomi is what OP is looking for right now! You can deposit any coin, and they have a nice choice of coins they accept, but you will get USD or Euro (when you register you will have to choose one of these two), and you will play with your chosen fiat currency! In poker, you can choose to see blinds instead of your dollar balance, some poker players find it very attractive!
Value display is a bit of a problem! You play with Bitcoins, in that case, your bet amounts are 0.0000...something! With Doge you play with all coins... and many other coins in the middle! I understand how confusing that can be, but with time it's getting easier, trust me!

You've heard everyone's thought about your worry. Just get used to it and you'll be fine. What you should be worried about is the choice of where you play poker. There are a small handful of poker sites that are trusted by the community.

And in that regard, you have an idea about those trusted and reputed poker sites in the forum. Otherwise, if you haven't found any suggestion for that poker site, you can always ask again about the thoughts of the community about it.

There are features available with cryptocurrency online casinos. Using that you can calculate the game spending in terms of USD, EUR or any of the traditional Currency. Maybe every gambling site might not be having this feature, you can find this feature on Stake Gambling site

That’s normal since Bitcoin is made up of Satoshis and if you’re gambling using it, you’ll get confuse at first and manually compute it on USD rate. If you keep on gambling, you’ll get used to it and I’m sure you’ll love to use Bitcoin more often, crypto gambling is better online.

You made the right decision to switch to crypto poker. I stopped playing in PS after they sacked the Supernova/Supernova Elite.

The solution is to ignore the dollar value. It's normal for crypto sites.

If you have 1BTC bankroll, you have 1BTC bankroll == 100 buy-ins for the 0.1/0.2mBTC tables.

thats not weird but thats normal because you are playing in a bitcoin/crypto casino . for crypto players that decides to try non crypto gambling sites we also suffer the same especially if usd is not our main currency anyway with the adoption of crypto casinos , casinos are now aware that non crypto gamblers are trying and even switching into crypto gambling thats why they adjust and add eur, usd and other more local currencies aside from cryptos in the balance and bets diaplay . just try another crypto casinos if your previous where you play dont have this feature

I confess that even for those who are familiar with the cripto, it's quite complicated to play poker when the currency is BTC and not U$.

It would be very easy for the site to implement a configuration that allows players to change the units to U$.

After the game is over, it's okay if you are going to receive U$ or BTC, but during the game, the interface needs to be as user-friendly as possible for the player.

Since you are a newbie to the crypto world, it makes sense why you find the BTC conversions to USD etc complicated since cryptocurrencies and anything related to them have a complicated learning curve.

However, you can learn the basics quickly and use Google to convert BTC to USD and vica versa with ease. As time passes, you will get used to this habit in my opinion.

This is how I got used to playing crypto gambling and betting games without any issues whatsoever.

I would have a hard time engaging in any sort of crypto gambling that wasn’t probably honest. I believe that “tables” fall info that category. As for the type of currency used being overwhelming, I’m not sure I agree. I think you just need to interact with crypto or foreign currencies more.

Make sure that you're using a good website with high reputation to avoid being scammed. Other than that, you just have to remember how much some basic amount of BTC is in USD, and then make approximate calculations. For instance, 0.001 BTC (or 1 mBTC) is around $40 (now it's a bit more, but normally it's a bit less). Just remember this and then just consider approximately how much is required to keep playing. The more you use BTC, the better you know this kind of basic stuff, and then eventually you get used to it all being displayed in BTC and don't even care how much exactly it is in USD.

Briefly summarized: You get used to it when you play more, it's really no different than when you switch back and forth between USD and EUR casinos, only the conversion rate for BTC is simply much higher.

What you should not forget, however, is to check the rate again before playing. There have been days when my bankroll was suddenly worth 10% more than the day before just because BTC rose so much.

Get on the lowest value table and play a few hands that way if you're really worried you won't be loosing anywhere near as much as if you were playing a major pot game.

Also, go in with a budget and work out say ten games based on that budget for the day's play.  Again this should help give you an idea of converting between dollars and Bitcoin.

(another one is just play in Euro's or Pounds instead of Dollars and see if you can keep up).

Good-luck.

According to the OP statement conversion is very important to him and I believe he needs it to prevent gambling more than he can afford to lose every day due to the conversion difficulty. Besides, it will also help him to manage his bankroll well and the last time I check betnomi is the only poker site I know that offer wagering in USD just like Roobet.

Conversion is  not really important to me since you can always verify about the value of the volume you've got just play if you are interested to play by using crypto since at the end of the day you can convert it base on the current market value. If  you are worried about volatility then excuse that, just think that you are here to have fun so don't stress yourself for that matters.

Mate, don't worry about that, just play.

I mean, if you are playing on a good reputable site, such as swcpoker(mentioned above), or betnomi, you can just relax about the conversion(it is done rightly, always), and play.

BUT, I can't say the same about other crypto gambling sites, claiming you can play poker there. Be cautious with them. There are many scammers around.

No, you cannot handle it by yourself.

The base bet currency used the only one who can change that only the gambling casino itself, they need request to gambling software provide to change the base bet currency into $, not BTC because was too expensive for the chips.

Try maybe contact the casino and give them advice, and see the casino taking your suggestion or not.

If the chip have different value in btc then you'll be able to know its value but if it's different then you'll only know the value of btc in usd if you use a converter of btc to usd and see if how much a certain btc is worth. I have played poker on acewins before and I know how much the chip costs.

Don't overthink too much just because it was displayed in btc instead of USD you can always remember how much was the chip was whenever you're playing BB. Before you play on tables on btc mostly it's in 1 chip and better if you know first how much it was valued and the casino I guess has that kind of conversion. As I've said don't mind it too much better you play first on micro stakes so you'll feel the vibes playing chips in btc usually playing on micro it doesn't cost dollar for every chip. Try to play on https://www.swcpoker.club it's beginner friendly site in bitcoin poker and there are enough players out there daily so you'll not miss out to play but I advice play only first on micro stakes.

Hi,
I had been playing full-time poker for a few years, mainly played at P* & ipoker. Now I got interested in the crypto world.

I've tried playing poker on those bitcoin sites. Found the conversion weird. Joining tables where big blinds are not displayed in usd, and in btc instead makes me feel a cognitive overload.
How do you feel about tables in btc? Have you got any advice on how to manage those?