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Topic: Do you gamble less when the BTC price is going up so fast? (Read 933 times)

legendary
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?
It perhaps affect the foundation of a gambler with a second thought of holding instead of risking, if price of bitcoin is moving too fast. But it could also entertain them with such frenzy, be careful though.
full member
Activity: 393
Merit: 107
I've noticed that gambling turnover always increases with the price spikes. People feel that they suddenly have more cash to spare.

https://thebitcoinstrip.com/primedice-stats.html
legendary
Activity: 1456
Merit: 1005
Yes of course I do. Im taking advantage on the price as I would able to reach my max goal with a fewer amount of btc. Sometimes lessen my playing time makes  myself stop from being greedy.
yup i think all people are holding there Bitcoins because of this price increase only but this is actually good time to sell your coins i don't know how many days it will increase if it fall down suddenly means it's our huge loss so again it will take years to come up so i don't know others but i am selling my coins for better price now.
legendary
Activity: 2058
Merit: 1015
Yes of course I do. Im taking advantage on the price as I would able to reach my max goal with a fewer amount of btc. Sometimes lessen my playing time makes  myself stop from being greedy.
legendary
Activity: 1344
Merit: 1006
I still gamble regardless if Bitcoin climb up the charts or drops drastically. 1 BTC is 1 BTC, I don't mix my personal money with the money I earned or use for gambling. It's bad luck according to old customs and I don't think there's anything wrong to follow such custom. It's also my way of telling myself when to stop if I don't have enough funds for gambling.
legendary
Activity: 3332
Merit: 1914
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Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?
I do gamble my bitcoins(dust amount) and take my chances in making some decent profit while the price is increasing. There's no point in holding if you only have small amount in your wallet.
hero member
Activity: 770
Merit: 500
Yeah but in general people relate how much they want to gamble in relation to fiat. If BTC was half our value, people would take bets twice as large. And vice versa.

I think most people forget about the exact fiat worth and just look at it as bitcoin and get accordingly. That doesn't mean that people go crazy. Like 0.10 is a nice amount of coin. You would not want to take such a high risk no matter botcoins fiat value.
legendary
Activity: 1288
Merit: 1000
Yeah but in general people relate how much they want to gamble in relation to fiat. If BTC was half our value, people would take bets twice as large. And vice versa.
Exactly this. In the long run we may play with less BTC but if FIAT value of our bets stayed the same, so I guess nothing is changed.
And I don't think it is that important for casinos, if they wish the might convert BTC to FIAT if they expect a market collapse anyway.
 
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
Yeah but in general people relate how much they want to gamble in relation to fiat. If BTC was half our value, people would take bets twice as large. And vice versa.
hero member
Activity: 1246
Merit: 529
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no matter what a gambler always gambled i think it is more attractive to gamble while btc price is to high
winning is so much lovely seeing you win big btc. hehehe good luck bettors the finals is coming almost an
hour more place your bet now guys.
hero member
Activity: 1120
Merit: 554
Lets check our definition of 'gambling.' I think there are a few of us who withdraw some of our btc from gamblng sites in order to trade btc directly on the exchanges. This trading itself can be characterized as another form of gambling, excepting it takes place on an exchange and not at an online casino.

So yes, I think that during times of increased btc volatility, many players trade their coins directly rather than 'gamble' with games in the casino. When the btc volatility settles down, those same players return to the casino sites.
legendary
Activity: 2366
Merit: 1130
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?
yes, i do. im still gambling when btc price rising now, but im lowered the amount im playing, just not want risk big amount for now, and keep hold the rest.
legendary
Activity: 1554
Merit: 1014
with the rising price of bitcoin, it does not make me reduce the time to play gambling. but I'm probably more passion to get more when prices are high
legendary
Activity: 1470
Merit: 1001
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?

In case of bitcoin prices rally, like now, i try decreasing the amount of the bets, i don't like to loose higher amounts. I don't see gambling as an investment, i only play for fun.
legendary
Activity: 1162
Merit: 1000
It is interesting to gamble while BTC price is increasing, it is like you are parlaying all your bets(or adding another leg to your parlay).  Every win will be bigger and every loss would cost you more
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?

I only risk small amounts (for fun) and 'downsize' when BTC has a huge rally.
Gambling is fun, but needs to be limited, or your life will be a huge mess.
legendary
Activity: 3094
Merit: 1469
I like to gamble even when price is going up.I never hold in that case but yeah I try to lower my bet amount in terms of BTC .If I had earned that BTC then i don't care about lowering my bet amount but if i buy then i do consider in buying btc to the amount equal to my normal bet.
legendary
Activity: 1218
Merit: 1007
I prefer holding 80% of my coins and gambling 20% during this phase, at least I am safe having big % under my holdings, so even if I lose in gambling, I may still profit if the price increases by 25%.
legendary
Activity: 1652
Merit: 1000
yes because bitcoin prices is very high now and i have bad results from my sportsbook several times these week
so i would gamble less but i'm still do sport betting but only for the particular matches
legendary
Activity: 1638
Merit: 1046
For now i don't gamble right now because price of bitcoin still nearly done and i think more price increase will come. i am playing to make profit but i am still experience of loses and never made a profit.. so better to hold my coins right now so that i can make a profit after block halving
hero member
Activity: 1036
Merit: 501
I gamble less than before since I earn not that much bitcoins at the moment. This is mainly because many services are stopped or pay less as before. Since Adsense started blocking a big part of the Bitcoin websites there Adsense account.
hero member
Activity: 896
Merit: 502
Yes I gambling low stakes because bitcoin price increasing.Also I try to play high odd for a big win.
legendary
Activity: 3248
Merit: 1614
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I imagine that everybody who has a brain gambles with a lower stake when the price goes up. Some people probably gamble just as frequently only with less money per bet.
legendary
Activity: 1400
Merit: 1009
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?
I don't gamble when bitcoin price start rising so fast, i'd rather hold on to my bitcoins and sell and buy back later at lower prices.(i'll have more bitcoins to gamble if i buy back at lower prices lol)
legendary
Activity: 1232
Merit: 1000
I think it is good to keep playing, because we can get more when prices are rising high.
I also do it, to continue to collect more, at least sell after halving if I win a lot of gambling results.
sr. member
Activity: 420
Merit: 250
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?


No, i still gamble with the same amount even the price of bitcoin increase so high right now. My minimum bet always 5 mbtc and i still keep my gambling activity.
hero member
Activity: 770
Merit: 500
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?

Yes because I'm too scared to lose even more then I have already and I dont feel like stacking on those losses. But when you win its such a great feelings I go on a shopping spree.  Tongue
hero member
Activity: 602
Merit: 508
Do you still gamble when the BTC price increases fast? Or do you rather hodl in this case?
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