Topic: Do You Change Your Bet Size With Significant Rises (Or Falls) In Bitcoin Price? - page 2. (Read 630 times)
January 05, 2017, 02:03:33 AM
I never do that when the price of bitcoin up or down because I never count and change the number of overly detailed. I usually gamble with a minimum amount and always to deposit some bitcoin to play gambling. So I feel no need to calculate and change significantly. Because the most important thing is I gamble did not spend all my bitcoin and still in my financial capabilities.
January 04, 2017, 10:38:13 PM
I think i have this traits of isolating bitcoin value from fiat conversion when betting or playing gambling games. I stick to my amount in BTC when I am betting. I don't know maybe I am just lazy to calculate and convert BTC to USD. So yeah I play with the same amount of BTC regardless of the changes in price.
That's good so you will not spend your brain in calculating the conversion of what you have spent in gambling, instead we can use that to analyze our bet. Price have risen substantially but my that does not change my limit, it's still the same in the past, I just have to think I can win so I can cash out big. 
January 04, 2017, 09:37:35 PM
I think i have this traits of isolating bitcoin value from fiat conversion when betting or playing gambling games. I stick to my amount in BTC when I am betting. I don't know maybe I am just lazy to calculate and convert BTC to USD. So yeah I play with the same amount of BTC regardless of the changes in price.
January 04, 2017, 09:28:18 PM
If we convert to USD while we are gambling its a extra burden if we loose. since we are playing on BTC environment, I always treat BTC as BTC and never convert while playing,
Yes if we convert our BTC to fiat currency it's not possible to control our feelings when we lose our bets. But it will more happy if we win our bet. I think those who buy coins from real money and play gambling they will do this calculation. I will play with my extra money means I will not buy coins with my real money. I will earn coins from other work, and I will use to play gambling. so price increase and decrease will not effect on my play. 
January 04, 2017, 09:08:12 PM
If we convert to USD while we are gambling its a extra burden if we loose. since we are playing on BTC environment, i always treat BTC as BTC and never convert while playing,
January 04, 2017, 09:07:05 PM
I do. Because when I bet, I try to calculate how much I am betting in dollars. Since bitcoin is ultimately tied to fiat currency the I value it accordingly. Hence when I bet I still limit my losses on how much I am able to risk in fiat currency. Especially now, the prices of bitcoins has jumped a big leap. Now any bet is already doubled from before.
January 04, 2017, 08:52:47 PM
For me it depends in what and how you count your bankroll as. If you still count it in US dollars then you have to change your bet sizes. If you only consider your losses and wins in bitcoins and how much that percentage is relative to your bankroll then there is no need to change.
January 04, 2017, 08:06:50 PM
i change my bet size, now bitcoin price rise I sell most of my bitcoin. for now I am more frugality in the gamble as the price of bitcoin
January 04, 2017, 07:27:45 PM
I decrease my stake when bitcoin has so huge and incredible pump. Now my stake per bet is 0.001 btc.
January 04, 2017, 07:16:01 PM
Of course I will, because the bitcoin price rise every day, and I have not big amount to play, when bitcoin was cheaper my bet in dice was 0.001 too, but now 0.001 is high for me, I will try smaller bets)
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January 04, 2017, 06:25:15 PM
of course i am change my bet size in bitcoin price and i change for another small amount because i am prefer with small amount. if before the price is rise, i see that 0.001 btc is really big bet for me, then for now, i see 0.001 btc is not a big bet because 0.001 is somewhere in $1 and i am fine if i am loss in that amount.
January 04, 2017, 06:19:44 PM
For whatever form of gambling you partake in, do significant changes in price of Bitcoin up or down affect your bet-sizing or how you manage your bankroll?
When this NFL/NCAAF season started in September, my starting sportsbetting bankroll was 1BTC and my standard bets were 1%, 2% and 3% of my starting roll. A 1% bet was worth ~$5-$6* US back then. Now a 1% bet is worth essentially double that and it looks like it may continue to climb even higher.
Should the price of bitcoin matter when it comes to bet-sizing and managing your bankroll?
*edited for bad math.
When this NFL/NCAAF season started in September, my starting sportsbetting bankroll was 1BTC and my standard bets were 1%, 2% and 3% of my starting roll. A 1% bet was worth ~$5-$6* US back then. Now a 1% bet is worth essentially double that and it looks like it may continue to climb even higher.
Should the price of bitcoin matter when it comes to bet-sizing and managing your bankroll?
*edited for bad math.
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