Do you tend to gamble more when BTC prices are down?

Bit_Happy

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A Great Time to Start Something!

Quote from: cech4204a on April 17, 2014, 04:44:51 PM

i gamble no matter the price, but i gamble only 1$ once in a week so don't take me serious. .

1$/week would be (almost) impossible with fiat gambling.
With BTC, you can bet extremely small amounts and make your money last longer.

Of course, for real excitement you need to bet more.

Quote from: rohnearner on April 17, 2014, 12:57:42 PM

Quote from: Bit_Happy on April 17, 2014, 11:53:25 AM

Quote from: rohnearner on April 17, 2014, 05:35:57 AM

You should have added a poll on this topic , that would be much more helpful..!

OK thanks for the good suggestion rohnearner.
The poll is added now.
It's more complete than if I'd done it right away, since "stable prices" were mentioned in the discussion.

Must add few more options to Polls like :p "NEVER" and " Don't Care what the Price is I gamble anyway. "

OK.
Anytime
&
I Never gamble with BTC
were added to the poll.
Thanks for the suggestions.

Financisto

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BTC⇆⚡⇄BTC

Quote from: deadley on April 17, 2014, 04:35:48 PM

for me, gambling when price is stable reason you know what you are staking coz in bullish and bearish market holding coins like a gambling too.

I agree! As per nature of bitcoin, buying and holding BTC is gambling already! Grin

I suggest adding one more option to the poll: "Anytime" lol

cech4204a

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12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

i gamble no matter the price, but i gamble only 1$ once in a week so don't take me serious. .

deadley

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for me, gambling when price is stable reason you know what you are staking coz in bullish and bearish market holding coins like a gambling too.

rohnearner

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REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: Bit_Happy on April 17, 2014, 11:53:25 AM

Quote from: rohnearner on April 17, 2014, 05:35:57 AM

You should have added a poll on this topic , that would be much more helpful..!

OK thanks for the good suggestion rohnearner.
The poll is added now.
It's more complete than if I'd done it right away, since "stable prices" were mentioned in the discussion.

Must add few more options to Polls like :p "NEVER" and " Don't Care what the Price is I gamble anyway. "

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: rohnearner on April 17, 2014, 05:35:57 AM

You should have added a poll on this topic , that would be much more helpful..!

OK thanks for the good suggestion rohnearner.
The poll is added now.
It's more complete than if I'd done it right away, since "stable prices" were mentioned in the discussion.

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

You should have added a poll on this topic , that would be much more helpful..!

Acidyo

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Will Bitcoin Rise Again to $60,000?

Quote from: zolace on April 17, 2014, 04:27:22 AM

Quote from: Stunna on April 16, 2014, 11:26:54 PM

From my experience, people tend to gamble less when the price is going through a volatile stage, this is regardless of whether it's going down or up. I guess this is because people are already engaging in high risk activity so conventional gambling on top of that is not needed.

When the price is stable for a long period of time it seems as that is the point where people decide to throw some coins on the line.

This does make good sense, but I did notice when I did gamble I really dont know how much im gambling, so in that case I tend to alot more then I notice cause im not keeping track of price on mtbc.

I try to not think about how much it is that I'm gambling, back when I was having a good winning streak on PD and gained over 8 bitcoins, obviously I knew how much they were worth, but when I'm in the zone I try to just think in numbers of rolls and bets. Winning against the house is what drives me forward, at the end of the day, if I come out on top, I do a rational decision to put away some btc that I have won so I won't play it.

I have to say though, dice-games are the best when it comes to gambling, you won't find it anywhere else where you can gamble with 1% house edge and legitimately have a chance to win.

crazyoddman

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I generally see the BTC as being very undervalued as it has not reached its peak(according to me ), I think the BTC will at some point reach 5k hence now i just gamble all the coins i get , whether market is volatile or not

zolace

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Quote from: Stunna on April 16, 2014, 11:26:54 PM

From my experience, people tend to gamble less when the price is going through a volatile stage, this is regardless of whether it's going down or up. I guess this is because people are already engaging in high risk activity so conventional gambling on top of that is not needed.

When the price is stable for a long period of time it seems as that is the point where people decide to throw some coins on the line.

This does make good sense, but I did notice when I did gamble I really dont know how much im gambling, so in that case I tend to alot more then I notice cause im not keeping track of price on mtbc.

Stunna

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Primedice.com, Stake.com

From my experience, people tend to gamble less when the price is going through a volatile stage, this is regardless of whether it's going down or up. I guess this is because people are already engaging in high risk activity so conventional gambling on top of that is not needed.

When the price is stable for a long period of time it seems as that is the point where people decide to throw some coins on the line.

badjacks99

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it seems the price does effect how much gambling i do and the stake at which i do it.

howzar

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Quote from: Nobitcoin on April 16, 2014, 10:43:32 PM

To me personally I gamble when I get some coins.... Doesn't matter if it's high or low a loss is a loss Grin

I never really look at the the Fiat value of coin when I gamble, but sometimes I use this to make me stop. 1 bit coin doesn't look like a lot but it is still $500+

Nobitcoin

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In holiday we trust

To me personally I gamble when I get some coins.... Doesn't matter if it's high or low a loss is a loss Grin

Bit_Happy

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A Great Time to Start Something!

I cannot remember ever gambling BTC when a Bull market was raging*.
When prices are lower it seems to (sometimes) be worth the risk, both for fun and a chance to make more BTC.
Do you tend to gamble more when BTC prices are down?

*EDIT:
If you gamble when BTC prices are high:
Winning = You win more in $$$ value
Losing ("a few %") = When BTC falls 50% you really didn't lose nearly as much in $$$ amounts

Looks like there is an advantage to playing when prices are high.

Anytime
&
I Never gamble with BTC
were added to the poll a couple days later.

Topic: Do you tend to gamble more when BTC prices are down? (Read 710 times)