Do you prefer the crypto online gambling or regular fiat casinos gambling? - page 2.

harapan

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

With your thread I can say that you strongly believe in Fiat currency than crypto currency and I don't know the reason for your decisions but crypto is better as pertaining the privacy and security but you don't get that with regular fiat casinos which is why you need to trust online crypto gambling and talking about coins not having value,how about trying stable coins and see the outcome.

Crypt0Gore

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Quote from: SamReomo on May 14, 2024, 07:25:27 AM

No, I prefer gambling with cryptocurrencies because it's more suitable for me and I don't have to share my card details with casinos neither my KYC details. I also try my best to avoid casino that ask for KYC details, in fact with the amounts that I use for gambling, I don't think it's necessary to get KYC verified.

Those who are high rollers should think about KYC verification but the ones who gamble for fun with $100 to $1000 should not worry much about KYC I think. OP I know you are someone who prefers to gamble with fiat but for me it's out of question to go with fiat.

Same here, it is my little secret to be able to gamble using crypto coins instead of my credit or debit card, I like the privacy sense of thing when gambling compared to offline gambling.

KYC details seem not necessary but it is for those running a casino, because people have their ways to embezzlement dirty money these days and casinos are one of those ways to use dirty money to get clean money, the government is aware of those schemas that's why online casinos must be regulated and been regulated means they will as for verifications.

Also there is nothing wrong with using Fiat to gamble unless you have a problem with people seeing you as a gambler, or others like how some betting locations behave after you win a large amount of money.

bakasabo

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Topic name does not match first post content.

Gambling section is already full of online vs offline casino topics, but OP try to compare fiat (cash (coins or banknote) or card) with crypto. I see no big difference between all of them actually. As when you make a deposit, it will be adjusted to US dollar in 99% scenarios (1% goes to national currency). Gamblers still calculate everything in dollars. Even someone post that he has made bet in Naira, EUR, GBP or CHF, everyone will still convert it to US dollars in their head.

But if you ask me about which casino I prefer - I would say that it depends on situation and mood. Each has something I like.

AprilioMP

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Gambling using coins and fiat for me is the same. I played in these two types even though I was more dominant to use a coinstabil at the crypto casino. In addition to a stable coin, it feels too heavy for me to remove, especially coins like Bitcoin.
On gambling sites that do not support crypto, I am also actively gambling. Even now I am playing one of the games from PG.

Not afraid of losing when gambling. If you are still afraid of losing money, don't gamble.
In gambling there is no such thing as a turnover of money or spending money.

Zoomic

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

One interesting thing I love about crypto online gambling is that I can gamble in any reputable online casino that allows the usage of crypto even if gamblers from my country are restricted from gambling with such a casino. The fact that gamblers remain anonymous and gamblers' privacy highly guaranteed is one feature I cannot ignore.

Gambling is gambling whether you are gambling with FIAT or coins. Both are not without their own individual challenges, that is why you should verify casinos before gambling with them. Check for positive reviews to be show it is a reputable casino that offers what you want in a casino. If you are worried that you might be spending more gambling with crypto due to the price fluctuations, you can patronize casinos that allow gamblers to gamble with stable coins.

justdimin

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Either your title is misleading or you are confused about cryptocurrencies and online gambling because you can't say that coins, which are probably cryptocurrencies you are referring to, have no value because they do, some of them even have more value than most fiat currencies because if 1 BTC is equal to $63k or more, it means it has value and it has a lot of it. So just like many others in this thread, I don't understand what you are trying to say here.

If you ask about preferences, you should be comparing online fiat currency casinos with online cryptocurrency casinos and out of them, I would surely go with cryptocurrency gambling because it is way more convenient and easy because transaction speeds are much higher and you can get your deposits and withdrawals way quicker when compared to traditional online casinos.

SmartGold01

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If I may get you correctly, gambling using fiat is more disadvantageous than the advantage it gives why because when you deposit coin such as bitcoin or BNB maybe could ETH and the market keeps increasing you would see that it will appreciate overtime than you who is deposited fiat and remain on a constant value so even though you lose or win the value won't change overtime rather would remain the way its. Please next try to make your reader understand what message you are trying to convey, at some point I got the whole thing twisted.

Outhue

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I prefer online gambling for a few reasons.

1. Nobody will know.

2. I can't get hurt by people if I ever get so lucky and win big.

3. My losses are safe with me, no one to look at me like a failing soul.

I am used to crypto for some reasons that are similar to why I am into gambling too, I spend most of my time indoors either learning coding or sewing some new clothes for my customers, I am much of an introvert, it just suits my way of living.

I know someone who won money and it led to a case because they didn't want to pay him at the center he used to place the bet, the agent at the betting location started behaving somehow when he got arrested he already spent most of the money, his account was frozen and the money was returned to the winner but everyone knew that he is into gambling, which they never knew before the issue arises.

Fiatless

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Quote from: Ojinga on May 14, 2024, 06:26:43 PM

Quote from: Shinpako09 on May 14, 2024, 06:07:03 PM

It will always be crypto gambling because I can play whenever and wherever I want. I can play or bet a penny, and even if it takes longer, no one will bother me. As for physical casinos, it's a no for me. I won't play and will never play. I can't even control myself when I'm playing in a crypto casino, so how much more difficult would it be in a traditional casino? Also, it means I'm going to use money out of my pocket, which I don't do in crypto. That's what I'm trying to avoid.

it seems the crypto gambling it's made easier for you, it's your choice and the winning it's more better then the physical gambling. But their are some people they haven't even heard of crypto gambling and their are some they have heard of it but they don't know how it's works, now the crypto gambling first you'll have to convert your coins but with the physical gambling you don't have to convert anything. All you've to do it's just to take your money and place bet. And some countries the physical gambling are much more easier to them but their are some countries the physical gambling seems like stress to them, I do prefer the crypto gambling just with the increases when someone wins.

Physical casinos are popular in countries that lack basic facilities which makes online casinos strive. Some countries lack basic amenities like internet facilities and power supply people will prefer to patronize physical casinos. Online casinos also require some level of basic education to be able to navigate the websites while one can always seek help from attendants in physical casinos in case they don't understand anything.

Gamblers who are frequent crypto casinos are those who earn cryptocurrencies. I don't think many people will convert their fiat to crypto because they just want to use it for gambling. The transaction fee and process of converting to fiat and depositing it in a crypto casino account might be discouraging.

Kakmakr

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I think casinos quickly realized, if you can remove the physical senses of "touch" and "sight" from handling currencies, then people spend more.

Example : Many moons ago, people played slots with casino coins and they physically handled the coins. The player received a bucket to hold the coins and you inserted the coins into the slot, when you wanted to play.

Now, people simply add money to a card and they hardly notice the balance going down. There are a mental break between you and your money... a lot like swiping a credit card or you using digital Crypto currencies. (Numbers on a screen)

AmoreJaz

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Quote from: klidex on May 14, 2024, 11:51:33 PM

In my opinion, using fiat currency and crypto currency both have the same exchange value to be used for gambling, why can you say that crypto currency has no value even though it is clear that crypto currency is a digital currency that is currently very valuable, especially USDT or Bitcoin and these currencies can obviously be converted into fiat currency and vice versa, fiat currency can be converted into crypto currency depending on the value of the coin, this is not a problem at all because the aim of gambling is to both get profits and have fun which is what differentiates it. Maybe there is a withdrawal problem if you gamble using crypto currency, there is a fee that we have to pay, maybe if you use fiat currency there are no admin fees that the user has to bear.

But actually the use is quite the same, both currencies have value and can be used for gambling, in fact currently many gamblers use cryptocurrencies, which means it doesn't matter even if they lose money with their coins, even with money, if the gamblers are responsible, they will be ready. accepting the risk of losing money, basically the concept of gambling is the same as risking losing and losing money in any form.

I also don't see any difference here. But I guess, it is more of psychological approach for some who feel they are not spending actual money if they are using crypto. These cryptocurrencies have equivalent amount in fiat, so there's no difference if you spend crypto or fiat. Maybe, crypto conversion will be a lil different especially if you are dealing with very high volatile alt. Also, when you are dealing with crypto, some online casinos are not requiring kyc. However, if you are using fiat via your debit/credit card, I am sure, there will be KYC requirements, at least for the third party platform that you will be passing thru.

ethereumhunter

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Quote from: Ojinga on May 14, 2024, 06:43:34 PM

the reason why some people don't like the physical gambling it's cause the stress in it but right now everything is made easier to people. You can gamble online with the fiat gambling wherever you are in the world, only if their was a crash with the online casino gambling but with the crypto gambling it's about coins first you've to convert your coins before you start betting. For me i recommend crypto gambling, why? Because the crypto gambling it's trustworthy and I can bet and still feel relax cause I know the platform I dealing with, but with the fiat gambling now their are so many fake of them now. You'll be gambling and you'll never win a day because everything it's fixed by them.

Gamblers who comes to the physical gambling will hear many things when they playing gambling and that can makes them lose their focus to playing gambling. They will not enjoy their gambling activity and they can attracts to follow what other gamblers do and will spends a lot of money like those gamblers. It's too risky for them if they break their limits in gambling because that can makes them lose more money without controls. But if gamblers already familiar with that, they will try to controls themselves and not gets tempt by that sounds. Yes, I recommend crypto gambling because we can playing gambling anonymous and the best is we can playing gambling in the internet which makes us don't have to go to anywhere. We can also use our phones to playing gambling while we are not our home and that can gives us an easiness to playing gambling.

Porfirii

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Maybe more psychological than real, but I think that even if they have the same value, we don't risk as much when we bet with fiat, compared to crypto. Maybe it's my impression, but it's happened to me.

On the other hand, when you gamble with crypto you are gambling twice, because of the volatility intrinsic to most coins, unless you gamble with stablecoins. You can win a bet and still lose money because of a sudden dip, and viceversa.

klidex

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In my opinion, using fiat currency and crypto currency both have the same exchange value to be used for gambling, why can you say that crypto currency has no value even though it is clear that crypto currency is a digital currency that is currently very valuable, especially USDT or Bitcoin and these currencies can obviously be converted into fiat currency and vice versa, fiat currency can be converted into crypto currency depending on the value of the coin, this is not a problem at all because the aim of gambling is to both get profits and have fun which is what differentiates it. Maybe there is a withdrawal problem if you gamble using crypto currency, there is a fee that we have to pay, maybe if you use fiat currency there are no admin fees that the user has to bear.

But actually the use is quite the same, both currencies have value and can be used for gambling, in fact currently many gamblers use cryptocurrencies, which means it doesn't matter even if they lose money with their coins, even with money, if the gamblers are responsible, they will be ready. accepting the risk of losing money, basically the concept of gambling is the same as risking losing and losing money in any form.

Ojinga

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Quote from: ethereumhunter on May 14, 2024, 06:02:58 AM

I like to playing gambling in online casino than offline casino because I don't have to go to some place just to playing gambling. I feels it's better to playing gambling in my home while I can do other things and don't have to spends more money to visits the casino. If you use $50 and wins $40, that will be a happy moment but unfortunately, not many people can gets the same thing as you because many people will lose their money in gambling if they can't control themselves. Your money will be your responsibility so you must take care of yourself and be careful when spends that money to playing gambling. Playing gambling will not gives you an easy money but you can lose all of the money you have so you must always remember that you must avoids the big lose. If you already playing gambling for some time, you must stops yourself from playing gambling and leave the casino before anything bad happens to you.

the reason why some people don't like the physical gambling it's cause the stress in it but right now everything is made easier to people. You can gamble online with the fiat gambling wherever you are in the world, only if their was a crash with the online casino gambling but with the crypto gambling it's about coins first you've to convert your coins before you start betting. For me i recommend crypto gambling, why? Because the crypto gambling it's trustworthy and I can bet and still feel relax cause I know the platform I dealing with, but with the fiat gambling now their are so many fake of them now. You'll be gambling and you'll nevee win a day because everything it's fixed by them.

adultcrypto

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I started from physical gambling, it was actually fun because I made so many friends from visiting physical shops. The shops was also a nice place to network, share ideas and even strike other business deals outside gambling. However, since I started using online platforms to gamble, I hardly visit physical shops, the urge is not there. We can say therefore, that the comfort that online gambling brings is better than the fun that physical shops bring. This is right because gambling requires some form of privacy and confidentiality, and this is what online gambling have made possible.

Ojinga

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Quote from: Shinpako09 on May 14, 2024, 06:07:03 PM

It will always be crypto gambling because I can play whenever and wherever I want. I can play or bet a penny, and even if it takes longer, no one will bother me. As for physical casinos, it's a no for me. I won't play and will never play. I can't even control myself when I'm playing in a crypto casino, so how much more difficult would it be in a traditional casino? Also, it means I'm going to use money out of my pocket, which I don't do in crypto. That's what I'm trying to avoid.

it seems the crypto gambling it's made easier for you, it's your choice and the winning it's more better then the physical gambling. But their are some people they haven't even heard of crypto gambling and their are some they have heard of it but they don't know how it's works, now the crypto gambling first you'll have to convert your coins but with the physical gambling you don't have to convert anything. All you've to do it's just to take your money and place bet. And some countries the physical gambling are much more easier to them but their are some countries the physical gambling seems like stress to them, I do prefer the crypto gambling just with the increases when someone wins.

Ojinga

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Quote from: Oshosondy on May 13, 2024, 09:00:02 AM

Quote from: Ojinga on May 13, 2024, 08:53:27 AM

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

I do not understand what you mean by this. Either you are gambling with coins like bitcoin or you are gambling with fiat, they are money and they both have value.

The only reason I do not like gambling on fiat gambling sites again is because on the international gambling sites that I was using, only wire transfer can be used to withdraw by people in my country, it takes days or weeks before the money will be credited into my account, unlike crypto gambling sites that takes just few minutes to withdraw coins.

I know that some countries the fiat gambling are somehow difficult but their are some other countries which it's easier for them. But when it comes to crypto gambling it seems more easier to those who knows about it, and if you check very well most of the people global prefer the fiat gambling because they believe on the cash they see. Because some of them don't know how the coins goes it sounds like something they don't know about, so for me I do prefer the both cause crypto betting it's more better when it comes to the winning incomes.

Shinpako09

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It will always be crypto gambling because I can play whenever and wherever I want. I can play or bet a penny, and even if it takes longer, no one will bother me. As for physical casinos, it's a no for me. I won't play and will never play. I can't even control myself when I'm playing in a crypto casino, so how much more difficult would it be in a traditional casino? Also, it means I'm going to use money out of my pocket, which I don't do in crypto. That's what I'm trying to avoid.

Fivestar4everMVP

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Quote from: Ojinga on May 13, 2024, 08:53:27 AM

I prefer money, strongly. When you gamble with money, you are *risking* money for a chance to win money. It is always a losing proposition. But it’s not the same as *spending* the money. If I walk into a casino with a $50 bankroll, and I walk out of the casino an hour later with $40, then I’ve had a good night. Cause losing the the money will be okay for you but on the process that you won as will you'll enjoyed more than coins, you won't have to trade anything at the moment.

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

Well, ever since the inventory of cryptocurrency, and most online casinos having it integrated as a part of payment on the casinos monetary system, I did bet my balls that all those who have gamble online and have used crypto as a means of deposit and withdrawal, and also gambling, will prefer using crypto for gambling over fiat, I myself stopped gambling on offline casinos simply because I hate to gamble using fiat.

So, though I might not clearly understand what you mean by coins, I am assuming you mean crypto here, it might interest you to know that crypto gambling is not only faster and more convenient, but it also promote some level of privacy, much better and using fiat for gambling..
But again, I think it depends on which type of casino a players likes playing on, for online gamblers, I believe they will love to use crypto, offline gamblers will sure want to use fiat because fiat is more easily accessed offline than crypto.

Topic: Do you prefer the crypto online gambling or regular fiat casinos gambling? - page 2. (Read 483 times)