Does bitcoin dump have any impact on gamblers ? - page 13.

Lucasgabd

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Quote from: gagux123 on June 27, 2022, 05:55:52 PM

Quote from: virasog on June 13, 2022, 11:15:50 AM

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

I've been thinking to myself about this question, as I never imagined this situation.
I don't know, maybe yes but maybe not, I believe that each gambler thinks differently about this great devaluation that we are currently having.

I imagine it doesn't affect so much, because there is a great chance that gamblers will still act even with this situation we are currently having.

for some gamblers it may maybe make they more interested on gambling because they could accumulate more bitcoin cheaply
not sure if many think like that

probably depends on how much of a gambler and how much of an investor each person is
it may overlap a bit but it's not the rule

gagux123

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Quote from: virasog on June 13, 2022, 11:15:50 AM

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

I've been thinking to myself about this question, as I never imagined this situation.
I don't know, maybe yes but maybe not, I believe that each gambler thinks differently about this great devaluation that we are currently having.

I imagine it doesn't affect so much, because there is a great chance that gamblers will still act even with this situation we are currently having.

n0ne

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Quote from: Issa56 on June 27, 2022, 05:13:37 PM

I don't think Bitcoin price dump can affect a gambler, they don't really care about bitcon price since they can get bitcoin and they can gamble with it they don't have problem with it, some people are kind of addicted to gambling in such a way they don't really feel comfortable if they haven't gamble, so that kind of person those not care about bitcoin price, they only thing they care about is how they will use the amount they are having to gamble even if it's small they don't care.

The whale gamblers won't be affected much, but the common gamblers like you and me spending few dollars were affected, because when we spend $20 on a single bet we're risking near to 0.001BTC in today's price. If the price is around $31k then what we're risking is near to 0.00065BTC. There is a difference and this is what we say the common gamblers were affected.

Issa56

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I don't think Bitcoin price dump can affect a gambler, they don't really care about bitcon price since they can get bitcoin and they can gamble with it they don't have problem with it, some people are kind of addicted to gambling in such a way they don't really feel comfortable if they haven't gamble, so that kind of person those not care about bitcon price, they only thing they care about is how they will use the amount they are having to gamble even if it's small they don't care.

KTChampions

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Quote from: iv4n on June 26, 2022, 05:33:21 PM

Quote from: KTChampions on June 26, 2022, 02:40:35 PM

If you are talking about the current bear market, then yes, we are seeing the emergence of new projects and general activity. But I was talking about the past bear market which was much more depressed - do you remember 2018 when bitcoin layed down with little volatility and -85% off highs for a long time? If we compare, I would even say that the current bear market is more like a correction inside the bull market and currently there are a lot of optimism in market. Now, if the situation starts to worsen, then we will see the same depression as in 2018.

Since I am in crypto I didn't have any breaks with gambling! The market can be bearish or bullish, that doesn't change my gambling habits, but it changes my perspective! When I started with crypto gambling $1 was 7 mBTC (or higher, can't remember exactly), now $1 is around half of 1 mBTC! So if I like to bet with $1 in bearish times I spend more BTC than usual, in bullish times I spend less BTC! It's my perspective... but generally, that doesn't stop me, I still gamble... I have the bankroll in any currency and I wish to gamble it and possibly make more, the current state market has nothing with that.

We can talk about the current market and our expectations... but that is meaningful when it comes to gambling! We can choose any coin for gambling, stable or volatility ones, we play with the bankroll we have and we wish to make more! More dollars or more Bitcoins is up to us, bearish or bullish times don't matter...

By the way, I didn't think of it that way Cheesy

It turns out that the bull market affects us positively and we spend less bitcoin on gambling than before Grin

When I started playing, I remember that Bitsler gave 750 Satoshi per day for free and it was possible to renew this deposit 15 times. In fact, this meant 11250 satoshi per day for free. Now it would be incredibly generous to see such giveaways.

jossiel

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Quote from: harizen on June 24, 2022, 07:46:17 PM

Gambling will always have the same approach as gamblers. They will just continue to gamble disregarding the crypto price volatility.

Yup.

This is true and for real. No matter what the prices are, gamblers will just keep on going and won't be overthink about the volatility and these are the types that have holdings.

They gamble with the excess that they've got and if they win, they'll just use that winning to gamble for more or if they lose, if they've got more spare, they'll just do it again.

iv4n

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Quote from: KTChampions on June 26, 2022, 02:40:35 PM

Quote from: Mahanton on June 25, 2022, 03:38:53 PM

Quote from: KTChampions on June 25, 2022, 03:03:28 PM

Indirectly, we can draw conclusions on other indicators. For example, I remember that in 2018, during the bear market and then for a considerable time after it, the activity of signature campaigns on the forum from game projects was much less than now or during the bull market phase. It turns out that at least a hard depression in the crypto market affects the casino and hence the gamblers.

I dont really see any significant effects on gambling industry on just talking on this crypto space or market if we do base up on how many platforms are launching or emerging despite of the market condition.
If companies do came out on times like this then it do really shows or means that they are still making significant revenue which means that gamblers do really still play even on a bear market season.
Why? People doesnt really care on how much they do spend on point and only to those people who are investor like mind will really be having some hesitance on playing but for those who do seek for leisure
or simply making profits or wins then they would still continue to play as long they do have the money to spent out then that what surely counts.

If you are talking about the current bear market, then yes, we are seeing the emergence of new projects and general activity. But I was talking about the past bear market which was much more depressed - do you remember 2018 when bitcoin layed down with little volatility and -85% off highs for a long time? If we compare, I would even say that the current bear market is more like a correction inside the bull market and currently there are a lot of optimism in market. Now, if the situation starts to worsen, then we will see the same depression as in 2018.

Since I am in crypto I didn't have any breaks with gambling! The market can be bearish or bullish, that doesn't change my gambling habits, but it changes my perspective! When I started with crypto gambling $1 was 7 mBTC (or higher, can't remember exactly), now $1 is around half of 1 mBTC! So if I like to bet with $1 in bearish times I spend more BTC than usual, in bullish times I spend less BTC! It's my perspective... but generally, that doesn't stop me, I still gamble... I have the bankroll in any currency and I wish to gamble it and possibly make more, the current state market has nothing with that.

We can talk about the current market and our expectations... but that is meaningful when it comes to gambling! We can choose any coin for gambling, stable or volatility ones, we play with the bankroll we have and we wish to make more! More dollars or more Bitcoins is up to us, bearish or bullish times don't matter...

KTChampions

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Quote from: Mahanton on June 25, 2022, 03:38:53 PM

Quote from: KTChampions on June 25, 2022, 03:03:28 PM

Indirectly, we can draw conclusions on other indicators. For example, I remember that in 2018, during the bear market and then for a considerable time after it, the activity of signature campaigns on the forum from game projects was much less than now or during the bull market phase. It turns out that at least a hard depression in the crypto market affects the casino and hence the gamblers.

I dont really see any significant effects on gambling industry on just talking on this crypto space or market if we do base up on how many platforms are launching or emerging despite of the market condition.
If companies do came out on times like this then it do really shows or means that they are still making significant revenue which means that gamblers do really still play even on a bear market season.
Why? People doesnt really care on how much they do spend on point and only to those people who are investor like mind will really be having some hesitance on playing but for those who do seek for leisure
or simply making profits or wins then they would still continue to play as long they do have the money to spent out then that what surely counts.

If you are talking about the current bear market, then yes, we are seeing the emergence of new projects and general activity. But I was talking about the past bear market which was much more depressed - do you remember 2018 when bitcoin layed down with little volatility and -85% off highs for a long time? If we compare, I would even say that the current bear market is more like a correction inside the bull market and currently there are a lot of optimism in market. Now, if the situation starts to worsen, then we will see the same depression as in 2018.

Pamadar

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Quote from: harizen on June 24, 2022, 07:46:17 PM

Gambling will always have the same approach as gamblers. They will just continue to gamble disregarding the crypto price volatility.

Yes, most likely gamblers who enjoy using the crypto system will just ignore what is happening and continue playing,

If they win, they will just withdraw funds and deposit back the amount that they wanted to use for their next try. If they lose
then nothing will be change same routine.

It's more about how gamblers take things out and how they will enjoy the services o platforms that base inside crypto
industry.

sovie

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Quote from: ipanks on June 25, 2022, 12:06:28 AM

Quote from: Sanitough on June 24, 2022, 12:56:05 AM

snip

Maybe altcoins will also go down, and that is our chance to buy altcoins that can exceed the minimum deposit at the casino. But the minimum deposit amount for altcoins in the casino won't change so that's our advantage. But if you prefer stable coins, you can use them instead of altcoins.

Quote from: Cookdata on June 24, 2022, 05:01:27 PM

snip

Altcoins are sure to drop downwards following bitcoin and will stay there. To use ethereum, we also need to see how much the gas costs before making a transaction. I don't think this is a good time to use BTC for gambling because there is no guarantee that you can win a lot of money from gambling.

Such an unpredictable market it is - not very sure what is going on around the coins.
Reading all the comment give an idea but what if the something other than this happen.
Very confused situation what to do and what not to ..

Mahanton

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Quote from: KTChampions on June 25, 2022, 03:03:28 PM

Quote from: TimeTeller on June 24, 2022, 05:39:32 PM

Quote from: KTChampions on June 24, 2022, 05:31:44 PM

If you have access to the internal statistics of the casino, then it is easy to prove the presence (or absence) of a connection. The behavior of one player does not mean anything, but if we have statistics about thousands, then this is the exact pattern of behavior. It is enough to look at their behavior on the market dump, on the pump and on the flat - then it will be clear how the market situation affects their behavior.

That kind of stats, the gambling site itself will know about the pattern.
But us, being the players, I don't think we can have clear understanding what's going on.
We can just speculate during this period, but we know that if you are a gambler, you will play no matter what the situation is.
But you may increase or decrease your spending depending on the availability of your funds.
Or if you have other things that you need to take care of. But mostly, gamblers will play in any kind of market.

Indirectly, we can draw conclusions on other indicators. For example, I remember that in 2018, during the bear market and then for a considerable time after it, the activity of signature campaigns on the forum from game projects was much less than now or during the bull market phase. It turns out that at least a hard depression in the crypto market affects the casino and hence the gamblers.

I dont really see any significant effects on gambling industry on just talking on this crypto space or market if we do base up on how many platforms are launching or emerging despite of the market condition.
If companies do came out on times like this then it do really shows or means that they are still making significant revenue which means that gamblers do really still play even on a bear market season.
Why? People doesnt really care on how much they do spend on point and only to those people who are investor like mind will really be having some hesitance on playing but for those who do seek for leisure
or simply making profits or wins then they would still continue to play as long they do have the money to spent out then that what surely counts.

KTChampions

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Quote from: TimeTeller on June 24, 2022, 05:39:32 PM

Quote from: KTChampions on June 24, 2022, 05:31:44 PM

If you have access to the internal statistics of the casino, then it is easy to prove the presence (or absence) of a connection. The behavior of one player does not mean anything, but if we have statistics about thousands, then this is the exact pattern of behavior. It is enough to look at their behavior on the market dump, on the pump and on the flat - then it will be clear how the market situation affects their behavior.

That kind of stats, the gambling site itself will know about the pattern.
But us, being the players, I don't think we can have clear understanding what's going on.
We can just speculate during this period, but we know that if you are a gambler, you will play no matter what the situation is.
But you may increase or decrease your spending depending on the availability of your funds.
Or if you have other things that you need to take care of. But mostly, gamblers will play in any kind of market.

Indirectly, we can draw conclusions on other indicators. For example, I remember that in 2018, during the bear market and then for a considerable time after it, the activity of signature campaigns on the forum from game projects was much less than now or during the bull market phase. It turns out that at least a hard depression in the crypto market affects the casino and hence the gamblers.

jostorres

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Quote from: Apocollapse on June 22, 2022, 09:48:47 AM

Quote from: Lucasgabd on June 22, 2022, 09:15:14 AM

interesting
maybe we can explore the opposite question of the OP too
Does bitcoin pump have any impact on gamblers?

maybe there's peopple who are less prone to gambling when price is higher, because it would make more sense to hold it.

Of course it is, the fees will increase higher than now, perhaps around x3-4 more and it's not convenient if you're a small gambler because even you have multiply your beginning bankroll, the withdrawal fees will cost you a lot. In that situation, that's why many people prefer to use altcoins since it's cheap.

I'd say the impact is only for casino which present our money in USD while we're deposit on BTC, ETH etc. This will make us feel the money you have deposited went down and you need to calculate it again if you're using such money management.

I think there are gambling sites which fees are already fix no matter what is the value of the cryptos but the fees is not the main concern on why they will refrain from gambling because it is still much lesser compare to the overall value of their btc holdings but are there even small gamblers which uses a btc to gamble?

I guess there's none, that is why there are altcoins in a gambling site and these are the ones that they are using. Before you deposit a btc or an eth, it's impossible to not see the value of the amount you are going to transfer so you won't be shocked anymore the moment it arrived in your gambling account, in case they measure things in usd.

ipanks

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Quote from: Sanitough on June 24, 2022, 12:56:05 AM

snip

Maybe altcoins will also go down, and that is our chance to buy altcoins that can exceed the minimum deposit at the casino. But the minimum deposit amount for altcoins in the casino won't change so that's our advantage. But if you prefer stable coins, you can use them instead of altcoins.

Quote from: Cookdata on June 24, 2022, 05:01:27 PM

snip

Altcoins are sure to drop downwards following bitcoin and will stay there. To use ethereum, we also need to see how much the gas costs before making a transaction. I don't think this is a good time to use BTC for gambling because there is no guarantee that you can win a lot of money from gambling.

MCobian

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Quote from: harizen on June 24, 2022, 07:46:17 PM

This is not the first time that the community has experienced a bearish trend, the same goes for a bullish trend.

Just look at how crypto-gambling evolves over several years. It was become a trendy thing in the online gambling world due to the fact that it offers several advantages compared to the usual fiat online gambling. If that is what happened for several years, can we still ask if the bitcoin dump has any impact on gamblers? Surely the answer is NO because whatever the trend is, crypto-gambling is growing day by day as we speak. It evolving more and making sounds to the online gambling world.

Gambling will always have the same approach as gamblers. They will just continue to gamble disregarding the crypto price volatility.

What you say makes a lot of sense, because Bitcoin dumps have happened time and time again and the development of crypto gambling is
still progressing. So indeed Bitcoin dumps do not have a big impact on gamblers, because there are many ways so that the decline in Bitcoin prices
does not affect gamblers. The decline that occurred in Bitcoin did not reduce my interest in continuing to gamble, because either Bitcoin pump or
dump, it still doesn't change the budget that I have set aside for gambling. After all for an experienced person like me in the crypto world,
I'm used to the volatile Bitcoin price, so I'm used to gambling when the Bitcoin price dumps. I also believe that gambling activities are still running
normally even though the price of Bitcoin dumps, there are still quite a high number of visitors to gambling sites in the bear market as it is now.
So Bitcoin dump will not affect gambling activity in my opinion.

harizen

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This is not the first time that the community has experienced a bearish trend, the same goes for a bullish trend.

Just look at how crypto-gambling evolves over several years. It was become a trendy thing in the online gambling world due to the fact that it offers several advantages compared to the usual fiat online gambling. If that is what happened for several years, can we still ask if the bitcoin dump has any impact on gamblers? Surely the answer is NO because whatever the trend is, crypto-gambling is growing day by day as we speak. It evolving more and making sounds to the online gambling world.

Gambling will always have the same approach as gamblers. They will just continue to gamble disregarding the crypto price volatility.

goinmerry

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Quote from: topman21 on June 24, 2022, 07:31:35 PM

Of course, bitcoin dumping has an impact on all gamblers and all cryptocurrency fans.When the bitcoin market is dumping we have seen all marketing become dumping. This leads to the destruction of all cryptocurrency Bitcoin Ethereum BNB and other ALT coin.From this dumping, people's minds become gambling with investment in gambling with investment.When dumping, people can't read anything properly.

I don't understand what are you trying to point out. Isn't it more convenient for the gamblers if the price is dumped as they will save some $$$ while taking advantage of a much quantity in return unlike before when their $100 is just around BTC0.0025 or something around that number?

Aside from that, if these gamblers are gambling with crypto mostly, BTC1 is still BTC1 regardless of the exchange rate.

Gamblers are just focused on how to win in gambling regardless of the price trend. The ones who are most affected here are traders as price trend is the key for them to make profits. Different from the earning methods in the usual gambling.

topman21

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Of course, bitcoin dumping has an impact on all gamblers and all cryptocurrency fans.When the bitcoin market is dumping we have seen all marketing become dumping. This leads to the destruction of all cryptocurrency Bitcoin Ethereum BNB and other ALT coin.From this dumping, people's minds become gambling with investment in gambling with investment.When dumping, people can't read anything properly.

Rabi3

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Quote from: virasog on June 13, 2022, 11:15:50 AM

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

it depends, I used to gamble with bitcoin and ethereum so my balance in a gambling website gets affected directly just like a normal trader, and it's bad when I get some profit gambling and the prices of bitcoin or ethereum go down which makes it like I haven't won anything, but now it doesn't affect me at all since I started using stable coins to gamble (USDT in my case) gambling with non stable coins is gambling twice on the token or coin and on casinos or sports bets.

DoublerHunter

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Quote from: virasog on June 13, 2022, 11:15:50 AM

Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?

^ What is the difference between BTC and altcoins to use in gambling, altcoins do the same in BTC price, it will follow the BTC trend, when the price is drop all altcoins will follow the trend so I think if you are not a holder there is no matter for you the market price, but if you are a holder, of course, the price or the market condition has a value for you. As we can see, there are too many gamblers recently that still do gambling even though the market has declined too much the price.

Topic: Does bitcoin dump have any impact on gamblers ? - page 13. (Read 3167 times)