Does bitcoin dump have any impact on gamblers ? - page 8.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: gunhell16 on July 13, 2022, 02:37:39 AM

Quote from: virasog on June 13, 2022, 10:15:50 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?

Maybe for those who have been playing crypto gambling for a long time it has no effect on them, and I’m sure they won’t be bothered either because they know that kind of move in this industry. And then if anyone will be affected by this sudden fall in the price of bitcoin, it is none other than those who are new to this industry and do not yet have enough knowledge of cryptocurrency. What they can do right away is to release their gambling winnings immediately because they will think that Bitcoin will continue to collapse, which is not really going to happen.

you are right, those who want exposure to crypto price won't care that much and maybe lower price will even incentive them to buy more (and maybe gamble more)
while those who don't care about crypto will just sell for stablecoins and call it a day

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Quote from: gunhell16 on July 13, 2022, 02:37:39 AM

Maybe for those who have been playing crypto gambling for a long time it has no effect on them, and I’m sure they won’t be bothered either because they know that kind of move in this industry. And then if anyone will be affected by this sudden fall in the price of bitcoin, it is none other than those who are new to this industry and do not yet have enough knowledge of cryptocurrency. What they can do right away is to release their gambling winnings immediately because they will think that Bitcoin will continue to collapse, which is not really going to happen.

I think if they were new they wouldn't pay much attention to the ups and downs of the price, because basically they would focus on the stakes and not on the price on bitcoin. But indeed, the decline in the price of bitcoin will not affect the overall bet because every gambler and player certainly has its own way and calculation for them to hold, withdraw and deposit. So far the price of bitcoin has experienced a lot of decline but in fact there are not many gamblers who complain about it and also, not many of the developers are bankrupt, because more of them survive and continue to grow over time.

gunhell16

hero member

Activity: 1666

Merit: 453

Quote from: virasog on June 13, 2022, 10:15:50 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?

Maybe for those who have been playing crypto gambling for a long time it has no effect on them, and I’m sure they won’t be bothered either because they know that kind of move in this industry. And then if anyone will be affected by this sudden fall in the price of bitcoin, it is none other than those who are new to this industry and do not yet have enough knowledge of cryptocurrency. What they can do right away is to release their gambling winnings immediately because they will think that Bitcoin will continue to collapse, which is not really going to happen.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: Japinat on July 12, 2022, 03:50:01 PM

Quote from: romero121 on July 08, 2022, 05:19:34 AM

Gamblers will never intend to make any changes to their gambling habits just because there is trend change. Personally whenever the market used to decline I used to make myself more active into gambling.

When there is market decline, automatically the wallet balance will turn down relative to the decline. To compensate and keep the value same even after the market decline I used to gamble. This way I've lost big funds, because initially the portfolio gets maintained and later it'll turn towards a massive loss.

Yes, some aren't not that worried about the price and some are also trying to get some ways not to get their funds decline as some gamblers like to use some other kind of cryptocurrency which is not so volatile. This way, their funds wouldn't likely move even if it will be on their advantage.

You know, recovery and dips aren't going to worry some of these gamblers because they know that they can't control it. Some even trade to other coin just to make the fund somehow steady.

at the end of the day there are many more things we can't control than things we can control
better to react than to try to predict things like market movements

most gamblers will probably lose money longterm, what do you think?

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: romero121 on July 08, 2022, 05:19:34 AM

Gamblers will never intend to make any changes to their gambling habits just because there is trend change. Personally whenever the market used to decline I used to make myself more active into gambling.

When there is market decline, automatically the wallet balance will turn down relative to the decline. To compensate and keep the value same even after the market decline I used to gamble. This way I've lost big funds, because initially the portfolio gets maintained and later it'll turn towards a massive loss.

Yes, some aren't not that worried about the price and some are also trying to get some ways not to get their funds decline as some gamblers like to use some other kind of cryptocurrency which is not so volatile. This way, their funds wouldn't likely move even if it will be on their advantage.

You know, recovery and dips aren't going to worry some of these gamblers because they know that they can't control it. Some even trade to other coin just to make the fund somehow steady.

Lucasgabd

legendary

Activity: 2506

Merit: 1113

There's no need to be upset

Quote from: maydna on July 08, 2022, 03:09:14 AM

Quote from: len01 on July 07, 2022, 07:28:45 AM

actually it's great to use the Tron network as a solution to avoid fluctuating crypto prices and those worries.
to be honest until recently i am only used USDT on the ETH network. even though the transaction fee is very expensive but for me it is the best so that when playing gambling, i don't have to worry anymore and focus on playing gambling.

looks like i should try your suggestion like using Tron network to avoid when ETH network is congested. to be honest i never use Tron network Grin

Wow, if you use USDT on the ETH network, I wonder how much transaction fees you have to pay because, as far as I know, the fees are very high. Or has the cost dropped drastically?

I've never used USDT on the ETH network because I switched to BTC or USDT on the TRX network since the gas costs went up. It saves me saving on gas fees or transaction fees. Well, those are probably the ways we have done before playing gambling and sending some money to play gambling.

just checked etherscan and you can see some stablecoin transfers for 1.45 usd
https://etherscan.io/tx/0x297e5ada9b084bb782cff37fca89b36f7da571d5f1ac89bfcb6dc65136bae6d4

not sure if you think this is expensive or cheap
of course it's more expensive than Tron or something like that... but still, looks fine

erep

hero member

Activity: 2282

Merit: 589

Quote from: len01 on July 09, 2022, 03:24:27 AM

about a month ago the transaction fee went from $5 to $10.
i don't know what i'm thinking, i always choose to deposit using USDT on the ETH network even though the fees are expensive. but it's like an addiction, even though it's expensive, i never think about it, the most important thing is that i can play gambling and don't worry if the crypto price drops later. but after you suggested using the Tron network to deposit to a gambling site, i just tried it and it turned out that the fee was very cheap and it entered my dashboard very quickly.
thank you for your advice, i really appreciate it +1

I'm not sure if you're new to the current ETH network tx transfer fees, gamblers often use USDT on the Tron network to handle the high tx fees and other benefits that are sent very quickly to dashboard accounts. But besides relying on the tron network, I have an alternative to the Binance Smartchain network (BEP20) if the casino platform supports deposits to USDT using the BSC network, because the tx fee is very cheap and the network confirmation process is also fast.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: bitgov on July 08, 2022, 03:45:32 PM

The market is so unpredictable - anything can happen at any stage of the time. If we look at LUNA - what a horrible mistake it was.
Two of my friends lost their big capital to LUNA, I was about to make the same mistake but thank God - I missed buying them.

Without a doubt when people are talking about a dump they think of a regular drop in the market in which there is still a possibility for the coin in which they invested to recover, however the dump of Luna was different.

If someone had most of their capital invested in Luna and was even gambling with it then what happened affected them to an incredible degree, as the coin crashed almost all the way to zero in a single week, and as such any moment of hesitation was a moment in which the price kept dropping and it was making more and more difficult the decision to sell, which is why so many people that bought Luna for a high price decided to not sell thinking the coin will recover, only to be proven wrong and losing any chance of ever recovering their money, which without a doubt affected their gambling as well as now they had no money to spare at all for the activity.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: maydna on July 08, 2022, 03:09:14 AM

Quote from: len01 on July 07, 2022, 07:28:45 AM

-snip

Wow, if you use USDT on the ETH network, I wonder how much transaction fees you have to pay because, as far as I know, the fees are very high. Or has the cost dropped drastically?

I've never used USDT on the ETH network because I switched to BTC or USDT on the TRX network since the gas costs went up. It saves me saving on gas fees or transaction fees. Well, those are probably the ways we have done before playing gambling and sending some money to play gambling.

about a month ago the transaction fee went from $5 to $10.
i don't know what i'm thinking, i always choose to deposit using USDT on the ETH network even though the fees are expensive. but it's like an addiction, even though it's expensive, i never think about it, the most important thing is that i can play gambling and don't worry if the crypto price drops later. but after you suggested using the Tron network to deposit to a gambling site, i just tried it and it turned out that the fee was very cheap and it entered my dashboard very quickly.
thank you for your advice, i really appreciate it +1

bitgov

sr. member

Activity: 1554

Merit: 260

Quote from: Tumanggor on July 08, 2022, 12:49:09 PM

Quote from: Finestream on July 07, 2022, 04:47:11 PM

Quote from: virasog on June 13, 2022, 10:15:50 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?

Gamblers will never be triggered by the bitcoin price dump, because whatever the condition of the market, they will never stop betting and find means to be profitable especially if they have that gambling addiction. Investors and traders may always be considerate on the prices of the cryptos, but when it comes to gamblers, their goal is to make profits, and as long as they have tons of capital to gamble, gamblers will always continue betting into gambling games and matches.

gamblers usually only focus on the profit they make, not on the price of bitcoin

indeed when they make a deposit with bitcoin, the price drops it affects the value of the gambling results (profit or loss) but if they win big, they will forget the decline that occurred in the price of bitcoin

The market is so unpredictable - anything can happen at any stage of the time. If we look at LUNA - what a horrible mistake it was.
Two of my friends lost their big capital to LUNA, I was about to make the same mistake but thank God - I missed buying them.

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: Finestream on July 07, 2022, 04:47:11 PM

Quote from: virasog on June 13, 2022, 10:15:50 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?

Gamblers will never be triggered by the bitcoin price dump, because whatever the condition of the market, they will never stop betting and find means to be profitable especially if they have that gambling addiction. Investors and traders may always be considerate on the prices of the cryptos, but when it comes to gamblers, their goal is to make profits, and as long as they have tons of capital to gamble, gamblers will always continue betting into gambling games and matches.

gamblers usually only focus on the profit they make, not on the price of bitcoin

indeed when they make a deposit with bitcoin, the price drops it affects the value of the gambling results (profit or loss) but if they win big, they will forget the decline that occurred in the price of bitcoin

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: Finestream on July 07, 2022, 04:47:11 PM

Quote from: virasog on June 13, 2022, 10:15:50 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?

Gamblers will never be triggered by the bitcoin price dump, because whatever the condition of the market, they will never stop betting and find means to be profitable especially if they have that gambling addiction. Investors and traders may always be considerate on the prices of the cryptos, but when it comes to gamblers, their goal is to make profits, and as long as they have tons of capital to gamble, gamblers will always continue betting into gambling games and matches.

Don't say that my friend! Have you used Blackjack.fun to play before? They literally make your available balance in any of your desired coins, your assumption is wrong when you said gamblers would not be triggered by bitcoin price dump, you can't outsmart bitcoin volatility with such kind of Casino. Besides, it is not all the time gamblers do wage their money, they used to live their value in bitcoin in anticipation that during their break time, it may pump but the reverse will hurt especially when it falls like a fallen knife that most buyers wouldn't find palatable to buy.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: gagux123 on June 27, 2022, 04:55:52 PM

Quote from: virasog on June 13, 2022, 10:15:50 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.

I think that one of the ways that players have so that the price of BTC does not affect them in its fall is that they consider BTC as such and do not see it at its face value in fiat, because it can bring stress and thoughts like selling, We all know that having 1BTC will be the fortune of the future, this is something that we must be clear about and that the speculative market will always have falls, but for players the best thing they can do if they play is to give it the same value, that is, as I said in another thread, fully apply the statement that 1BTC=1BTC, if they play that way I don't think there will be any problem.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Quote from: romero121 on July 08, 2022, 05:19:34 AM

Gamblers will never intend to make any changes to their gambling habits just because there is trend change. Personally whenever the market used to decline I used to make myself more active into gambling.

When there is market decline, automatically the wallet balance will turn down relative to the decline. To compensate and keep the value same even after the market decline I used to gamble. This way I've lost big funds, because initially the portfolio gets maintained and later it'll turn towards a massive loss.

This is what I meant on the previous occasion, basically if gamblers hold their funds on the gambling platform then of course with falling prices it will have a bad effect on gamblers. Unless you don't hold your funds after winning, then the price drop won't have any effect, even if you don't think it's a change from habit, but still, with an incident like that you are still affected by falling prices. Because you change your habits to be more active than usual, so the decrease in the price of bitcoin for gamblers still has an impact even though the impact that occurs is sometimes not very realized.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Gamblers will never intend to make any changes to their gambling habits just because there is trend change. Personally whenever the market used to decline I used to make myself more active into gambling.

When there is market decline, automatically the wallet balance will turn down relative to the decline. To compensate and keep the value same even after the market decline I used to gamble. This way I've lost big funds, because initially the portfolio gets maintained and later it'll turn towards a massive loss.

madnessteat

legendary

Activity: 2310

Merit: 2073

Quote from: darkangel11 on July 07, 2022, 04:41:55 PM

Quote from: madnessteat on July 05, 2022, 04:07:14 AM

Quote from: Smartprofit on July 05, 2022, 03:20:21 AM

^

I don't agree with you at all. At the moment, the market is in such a state that if a major player decides to get rid of risky assets (and Bitcoin is such an asset), it can provoke an avalanche effect and as a consequence, Bitcoin can fall in price even more.

If you don't want to depend on volatility, just use Stablecoins to fund your deposit.

I could argue the opposite. If a major player decides to buy, it could squeeze all the shorters and create a burst in price. This is very likely to happen at some point because the coins on exchanges are at an all time low. This months we had record outflows from all major exchanges. You can see that on charts provided by glassnode. This means that if someone decides to buy 1 billion in bitcoin like Do Kwon once did, there won't be enough bitcoins at low prices for him to grab and the price will go back above 30k in a matter of minutes.

Anyone who wants to buy a billion Bitcoins is likely to do so on the OTC market. It will not affect the Bitcoin price in any way, but it will be much more profitable for the buyer than buying that amount of Bitcoin on centralized exchanges because you can negotiate a discount as well as there will be no slippage.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: len01 on July 07, 2022, 07:28:45 AM

actually it's great to use the Tron network as a solution to avoid fluctuating crypto prices and those worries.
to be honest until recently i am only used USDT on the ETH network. even though the transaction fee is very expensive but for me it is the best so that when playing gambling, i don't have to worry anymore and focus on playing gambling.

looks like i should try your suggestion like using Tron network to avoid when ETH network is congested. to be honest i never use Tron network Grin

Wow, if you use USDT on the ETH network, I wonder how much transaction fees you have to pay because, as far as I know, the fees are very high. Or has the cost dropped drastically?

I've never used USDT on the ETH network because I switched to BTC or USDT on the TRX network since the gas costs went up. It saves me saving on gas fees or transaction fees. Well, those are probably the ways we have done before playing gambling and sending some money to play gambling.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Finestream on July 07, 2022, 04:47:11 PM

Quote from: virasog on June 13, 2022, 10:15:50 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?

Gamblers will never be triggered by the bitcoin price dump, because whatever the condition of the market, they will never stop betting and find means to be profitable especially if they have that gambling addiction. Investors and traders may always be considerate on the prices of the cryptos, but when it comes to gamblers, their goal is to make profits, and as long as they have tons of capital to gamble, gamblers will always continue betting into gambling games and matches.

Gamblers will always be gamblers, so they don't see the market as main factor to change their habits.
But for some small time gamblers, it may affect them because they need to consider the amount of their bets.
In general, we have seen that despite of the pandemic and other crises, the gambling industry is one
of the industries that sustain their presence and survive. Gaining more patrons.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

Quote from: len01 on July 07, 2022, 07:28:45 AM

Quote from: maydna on July 06, 2022, 11:54:56 PM

Quote from: Hispo on July 06, 2022, 02:13:32 PM

Quote from: len01 on July 06, 2022, 01:45:44 PM

Quote from: maydna on July 06, 2022, 11:06:00 AM

-snip-

...and for myself, i've also been gambling using stable coins to avoid these worries.

And what is your token and blockchain of preference?
Because when Ethereum network is congestioned it may be a bit taxing to deposit to casinos, specially if one's dealing with relatively small amounts. I personally prefer to use Tron network when dealing with stablecoins, because the fees are low,I personally have not had any experience with Binance chain or BUSD, for example.

Using Tron to gamble can minimize the transaction costs of sending from the wallet to the gambling site, and the process is also fast. I think we can choose a Tron-based stable coin with a small transaction fee for stable coins. Very few casinos use BUSD for gambling, and many casinos use USDT currency based on the Tron network.

But Tron has become a choice for gamblers to gamble. Besides that, maybe Dogecoin will still be a favorite for them if the price doesn't fluctuate too often.

actually it's great to use the Tron network as a solution to avoid fluctuating crypto prices and those worries.
to be honest until recently i am only used USDT on the ETH network. even though the transaction fee is very expensive but for me it is the best so that when playing gambling, i don't have to worry anymore and focus on playing gambling.

looks like i should try your suggestion like using Tron network to avoid when ETH network is congested. to be honest i never use Tron network Grin

I can also.see the appeal of using Stablecoins on the Eth network to deposit to casinos. If one already had some ETH as investment and one is familiar with the Eth ecosystem, it may sound a little bit uncomfortable to get out ones way and get Tron to move Tron tokens. I believe Eth has way more acceptance as cryptocurrency than Tron, some people consider Tron to be a sh*tcoin. However, that's would be the position of someone who does not find annoying to pay an extra for the transactions.

Quote from: Lucasgabd on July 07, 2022, 08:49:00 AM

Quote from: Hispo on July 06, 2022, 02:13:32 PM

Quote from: len01 on July 06, 2022, 01:45:44 PM

Quote from: maydna on July 06, 2022, 11:06:00 AM

-snip-

...and for myself, i've also been gambling using stable coins to avoid these worries.

And what is your token and blockchain of preference?
Because when Ethereum network is congestioned it may be a bit taxing to deposit to casinos, specially if one's dealing with relatively small amounts. I personally prefer to use Tron network when dealing with stablecoins, because the fees are low,I personally have not had any experience with Binance chain or BUSD, for example.

those who want to go with low fees and fast transactions would usually prefer tron, bsc, litecoin or doge

Litecoin and Doge have been two favorites of mine when coming to saving fees in general, unfortunately they have kind of lost some relevance in favor of other coins in the market. Of course, they are still common on the faucet/casinos I have visited before.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: madnessteat on July 07, 2022, 09:52:34 AM

Quote from: inthelongrun on July 07, 2022, 09:04:01 AM

^

You correctly noted that most gamblers do not care how much Bitcoin is worth. They just buy it on the market for the amount they want to deposit in the casino and play. They are not interested in getting the benefit of the Bitcoin exchange rate, otherwise they would not be gambling, but trading.

Those same gamblers who are afraid of losing value because of Bitcoin's high volatility simply use Stablecoins.

When you do gambler then you wont really mind on making yourself about those price volatility because the main thing you do have in mind is to play and find leisure time which minding about price differences
is a bit off or wont really be that in serious because you do tend to play and not to invest but i dont know if there are gamblers who do make or consider gambling activity on the way that they could accumulate more?
Sounds dumb right? Even myself or basing with real experience and on the time you do make out some deposits then you wouldnt really fucking care about prices but its not bad to make accumulation of those
winnings if ever you do really being mindful about accumulation then you shouldnt have played from the start.

Topic: Does bitcoin dump have any impact on gamblers ? - page 8. (Read 3186 times)