If I am one of the Bitcoin fanatic or Holder, of course there is an impact. If the price got dumped, I would rather to use Bitcoin in any of the games in the gambling site, whether it is slots games, dice, crash, poker and more as long as I have a chance to earn Bitcoin, because once there is a big accumulation I did, in short there is also a big profit I could get when the bitcoin bull run will be happen in the market.
Indeed there will be opportunities to get big profits from using bitcoin, i.e. when you can win a lot of satoshi and when the price of those bitcoins rises high so you will get big profits. But keep in mind that when the price of bitcoin goes down, it means the fiat balance in your account also decreases and when you gamble with bitcoin, you also put up more satoshi to gamble. But as a holder, of course, it's not a problem because a holder must have more bitcoins than other gamblers. 
Topic: Does bitcoin dump have any impact on gamblers ? (Read 3186 times)
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If I am one of the Bitcoin fanatic or Holder, of course there is an impact. If the price got dumped, I would rather to use Bitcoin in any of the games in the gambling site, whether it is slots games, dice, crash, poker and more as long as I have a chance to earn Bitcoin, because once there is a big accumulation I did, in short there is also a big profit I could get when the bitcoin bull run will be happen in the market.
It won't really matter as we are using BTC for betting unlike if we use it to convert our BTC to fiat money. Because gamblers will continue to gamble despite the bear situation of the market. But those who are very concerned about the price and consider Bitcoin as an investment, certainly make preferred to hold and minimize their bettings rather than spending a lot of time gambling. This is really all about how the individuals think about Bitcoin whether it was an investment or as a currency used for gambling, and the impact on their life is quite different. 
If I am one of the Bitcoin fanatic or Holder, of course there is an impact. If the price got dumped, I would rather to use Bitcoin in any of the games in the gambling site, whether it is slots games, dice, crash, poker and more as long as I have a chance to earn Bitcoin, because once there is a big accumulation I did, in short there is also a big profit I could get when the bitcoin bull run will be happen in the market.
It may encourage more people to buy BTC if it is needed for betting. In general it might be seen as a good opportunity to buy and start betting. Otherwise, if you had BTC (or other coins) bought in the past, even if you have quite good results (profits), probably it would be still not enough to cover the price change.
I'm not quite sure about your opinion, I think it will encourage people to hold for long term, not for betting. Most people doesn't really care with the price change, they're calculate their profit based on Bitcoin equivalent, not in USD equivalent. They will confused to count how much they're already wagered and when they should stop, converting to stable coin every day also doesn't worth it.
It may encourage more people to buy BTC if it is needed for betting. In general it might be seen as a good opportunity to buy and start betting. Otherwise, if you had BTC (or other coins) bought in the past, even if you have quite good results (profits), probably it would be still not enough to cover the price change.
I'm not quite sure about your opinion, I think it will encourage people to hold for long term, not for betting. Most people doesn't really care with the price change, they're calculate their profit based on Bitcoin equivalent, not in USD equivalent. They will confused to count how much they're already wagered and when they should stop, converting to stable coin every day also doesn't worth it.That's what I wanted to say - they will not sell their BTC to FIAT, even after significant win, because at the end the FIAT amount they get might be disappointing. So maybe it may have exactly the effect you mentioned - more people will hold BTC on their casino accounts. It might be different with stablecoins, but talking about "pure" crypto coins the current price does not encourage selling.
It may encourage more people to buy BTC if it is needed for betting. In general it might be seen as a good opportunity to buy and start betting. Otherwise, if you had BTC (or other coins) bought in the past, even if you have quite good results (profits), probably it would be still not enough to cover the price change.
I'm not quite sure about your opinion, I think it will encourage people to hold for long term, not for betting. Most people doesn't really care with the price change, they're calculate their profit based on Bitcoin equivalent, not in USD equivalent. They will confused to count how much they're already wagered and when they should stop, converting to stable coin every day also doesn't worth it. 
Does this made any impact over the gamblers?
No, because majority of the gamblers who spend in stable coins will be continuing it whereas the person who spend in terms of bitcoin will be spending low when calculated in terms of USD. Only thing if the gambler cashout his winning there will be impact, until then dump doesn't affect gamblers.
The main subject matter here are those gambler using Bitcoin and other altcoins except stablecoins because it’s obviously excluded on this topic. Besides that, Do you have any proof that the majority of gamblers are using stablecoin when gambling?
Most of the whale gamblers really don’t mind if the price is dumping because they are betting in huge amount so a small amount of percentage decrease don’t bother them since they are already exposed on huge profit or lose.
Of course when Bitcoin gets dumped there will be a bad or other effect for a gambler. Because when a gambler bets with Bitcoin, his bets will definitely be affected by the Bitcoin market dumping. But when a gambler bets with stable coins, the dumping of bitcoins has no effect on his bets.
It may encourage more people to buy BTC if it is needed for betting. In general it might be seen as a good opportunity to buy and start betting. Otherwise, if you had BTC (or other coins) bought in the past, even if you have quite good results (profits), probably it would be still not enough to cover the price change.
This is the right time for the gambling sites to make good profit, because most of the gamblers doesn't change the gambling process. Some might change from usage in terms of USD, whereas the usage in terms of bitcoin still continues. This makes the spending to be high as the price of bitcoin is low. So, from an user perspective he/she losses small and the truth is different.
If the bets are in Bitcoin, I would guess that more people will bet, because it's cheaper to do so.
But I'm not sure if the casinos would increase their minimum bets if Bitcoin price goes too low.
Does this made any impact over the gamblers?
No, because majority of the gamblers who spend in stable coins will be continuing it whereas the person who spend in terms of bitcoin will be spending low when calculated in terms of USD. Only thing if the gambler cashout his winning there will be impact, until then dump doesn't affect gamblers.
This is the right time for the gambling sites to make good profit, because most of the gamblers doesn't change the gambling process. Some might change from usage in terms of USD, whereas the usage in terms of bitcoin still continues. This makes the spending to be high as the price of bitcoin is low. So, from an user perspective he/she losses small and the truth is different.
If the bets are in Bitcoin, I would guess that more people will bet, because it's cheaper to do so.
But I'm not sure if the casinos would increase their minimum bets if Bitcoin price goes too low.
This is the right time for the gambling sites to make good profit, because most of the gamblers doesn't change the gambling process. Some might change from usage in terms of USD, whereas the usage in terms of bitcoin still continues. This makes the spending to be high as the price of bitcoin is low. So, from an user perspective he/she losses small and the truth is different.
If the bets are in Bitcoin, I would guess that more people will bet, because it's cheaper to do so.
But I'm not sure if the casinos would increase their minimum bets if Bitcoin price goes too low.
Another coin was also being so cheap to do so. Let's say when bitcoin goes to the 10k. No choice for the sites if it was using fiat value but if it was calculating based on the bitcoin and then there should not be increase in the minimum bet.
This is the right time for the gambling sites to make good profit, because most of the gamblers doesn't change the gambling process. Some might change from usage in terms of USD, whereas the usage in terms of bitcoin still continues. This makes the spending to be high as the price of bitcoin is low. So, from an user perspective he/she losses small and the truth is different.
If the bets are in Bitcoin, I would guess that more people will bet, because it's cheaper to do so.
But I'm not sure if the casinos would increase their minimum bets if Bitcoin price goes too low.
This is the right time for the gambling sites to make good profit, because most of the gamblers doesn't change the gambling process. Some might change from usage in terms of USD, whereas the usage in terms of bitcoin still continues. This makes the spending to be high as the price of bitcoin is low. So, from an user perspective he/she losses small and the truth is different.
Yes, that's the perspective of gamblers that don't really look at the current price of bitcoin but will just keep on doing what they've been doing all of this time. The losses that will be in bitcoin, they'll think that it can also be recovered anyway no matter what happens in the form of bitcoin too so, the dump won't be a big matter to them. Otherwise, we all think the same about how we should act on when the price of bitcoin is lower.
You would really be still converting from fiat to btc and btc to fiat and this is where people do really usually do in the end of the day thats why i dont see a point on why making out some argumentation if market dumps do really give out some impact on gamblers.Come to think that they are playing and they are willing to lose money and they wont really be minding on what the market condition would be.
That should be the common approach by most gamblers as in the first place, "gamblers are gamblers" regardless if they are betting using fiat or crypto.
If bitcoin dump has an impact on gamblers, there should be a big concern about that since then as we already experienced lots of bitcoin dump in the process but there's not. Nothing really difference when a gambler converts fiat to bitcoin to be used on crypto-gambling sites.
It's just the same as the usual purpose that most people do when they convert bitcoin to fiat or vice-versa.
on point
that's why I'd love to have a website where we can see gambling volumes on the main casino websites for crypto
think token terminal or defipulse but for gambling
would be quite interesting.
Impact of market prices wont really be that an issue for most gamblers and as been said this is really just the same when you do make out some conversions from crypto to fiat.
You wont really be minding about these stuffs because you would really be minding on how you should play and how much you would be spending or nothing at all.
Gamblers wont mind about investment and just purely thinking about spending.
You would really be still converting from fiat to btc and btc to fiat and this is where people do really usually do in the end of the day thats why i dont see a point on why making out some argumentation if market dumps do really give out some impact on gamblers.Come to think that they are playing and they are willing to lose money and they wont really be minding on what the market condition would be.
That should be the common approach by most gamblers as in the first place, "gamblers are gamblers" regardless if they are betting using fiat or crypto.
If bitcoin dump has an impact on gamblers, there should be a big concern about that since then as we already experienced lots of bitcoin dump in the process but there's not. Nothing really difference when a gambler converts fiat to bitcoin to be used on crypto-gambling sites.
It's just the same as the usual purpose that most people do when they convert bitcoin to fiat or vice-versa.
on point
that's why I'd love to have a website where we can see gambling volumes on the main casino websites for crypto
think token terminal or defipulse but for gambling
would be quite interesting.
It's better to tell the actual situation to know if he needs more emotional help. They tend to hide it but the real thing is that they need help from someone but they are shy to tell it because they will be judged as they thought.
I agree, but the way to never force him to tell his gambling defeat, we can divert the conversation as if we have also experienced a high loss and are willing to accept someone's motivation not to repeat the same thing in the future, so that way is more effective to make he is open to talk about the details of his losses.There is the type of people that won't be open in telling their struggles so does the impact of the market not just on their own portfolios like bitcoin and as well as gambling.
It's better to tell the actual situation to know if he needs more emotional help. They tend to hide it but the real thing is that they need help from someone but they are shy to tell it because they will be judged as they thought.
I agree, but the way to never force him to tell his gambling defeat, we can divert the conversation as if we have also experienced a high loss and are willing to accept someone's motivation not to repeat the same thing in the future, so that way is more effective to make he is open to talk about the details of his losses. That is why we rarely see most gamblers telling us that they're in the right condition or the actual condition of being in control. Because as you observe those that are actually who have lost already, they're the ones that will tell good things about themselves but trying to avoid the conversation that they're no longer okay. They can't control themselves anymore and they're hyper and hyping themselves just for them to put the conversation into other topic and not focusing on them.
Many gamblers try to hide the real conditions of the losses, but we will eventually find out after we observe his awkward and uninspired behavior. But we shouldn't pressure him to question his condition because he's trying to recover from gambling losses, it's better to invite him to relax in a cafe or other place to relieve stress.It is because of this that the first thing that has to be done when it comes to dealing with an addiction is to recognize the you have an addiction, otherwise there is no way to help that person because they are always going to come up with excuses to justify their behavior and somehow try to make it seem rational, but as you say for the people that are not addicted to gambling their behavior is very telling and we can see that they are not in control regardless of their claims, but unfortunately we cannot do anything to help those people until they are willing to help themselves.
Yes, they're the only one that has to work on it so that they'll overcome it. The sad situation for these gamblers is that because of their intensive addiction, like looking in the market is no longer important to them even a huge chunk of their bitcoin investment, they're spending it. For those like you, you won't feel the impact of it if you've decided to use those bitcoins that should be for holding. Emotions will push you to use it despite that you don't really have to but because of the situation, you're in that many losses.
You only have a few things wanting to do and that's to spend you have left on your holdings because there's no other fund you shall be getting it for you to continue and try to take back your losses.
When you are that impulsive then your investment or something been saved will really be in great risk or trouble on being spent which it would really be a good indication that you should stop gambling.You only have a few things wanting to do and that's to spend you have left on your holdings because there's no other fund you shall be getting it for you to continue and try to take back your losses.
before its too late but if you do know that you are really having that good control of yourself when it comes to fund handling then i dont really see any problems with that.
Investment is totally separated on the thing you've been dealing with gambling which those funds shouldnt really be spent on the first place if you are really that too emotional.
Dont play if you do easily snip up those investments whenever you are in a loss.
This is the right time for the gambling sites to make good profit, because most of the gamblers doesn't change the gambling process. Some might change from usage in terms of USD, whereas the usage in terms of bitcoin still continues. This makes the spending to be high as the price of bitcoin is low. So, from an user perspective he/she losses small and the truth is different.
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