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. 
Topic: Does bitcoin dump have any impact on gamblers ? - page 9. (Read 3186 times)
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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.
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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.
Bitcoin in a bearish situation probably affects only to few gamblers. Gamblers are gamblers. They should not care either bitcoin is up or down. When bitcoin is down, they can purchase cheap bitcoins to gamble. When bitcoin is up, they purchase expensive bitcoins to gamble. But these gamblers before purchasing bitcoins have their budgets already based on fiat money.
But if a gambler is using a portion of its crypto investments and savings in order to gamble, then that person most probably is affected. With the value of its investments dropping, a move to stop or minimize gambling is very reasonable enough.
But if a gambler is using a portion of its crypto investments and savings in order to gamble, then that person most probably is affected. With the value of its investments dropping, a move to stop or minimize gambling is very reasonable enough.
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...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
even though nowadays seems like non-EVM based crypto is a bit out of the loop, they're way less used than before.
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...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.
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.
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
-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.
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.
-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.
At least if they use stable coins for gambling, they can gamble without having to think about the price movements of bitcoin or altcoins. They will see the value for money directly without going through conversions, and they can stop if they see the money has started to decrease a lot.
Indeed, nothing is safe in gambling because we will have the risk of losing money, but we can continue to gamble by choosing the coins we want.
you tell the truth. because sometimes some gamblers also have concerns that when playing gambling the price btc or eth dump without being noticed, and the way to avoid fluctuating crypto prices when gambling is better to use stable coins. so there are no worries when gambling and storing their assets on the gambling site.Indeed, nothing is safe in gambling because we will have the risk of losing money, but we can continue to gamble by choosing the coins we want.
and for myself, i've also been gambling using stable coins to avoid these worries.
If the price of Bitcoin goes down, gamblers will get less money from their gambling than specified bets? The answer is no because they get btc according to their betting odds. However, if a gambler hold his deposited money or collected money in the form of BTC for betting in his wallet, then some of his money will be reduce for the price volatility of BTC. But if not, there is no possibility of any kind of effect on gamblers.
I agree with your words. But I also would like to say that it could be impact to all gambling industry. If you looks the industry of Cryptocurrency then when bitcoin is going to down hole crypto industry also going to down . Now the point is, when the crypto industry is down, projects don't get their new updates or new projects that much. In this case, gamblers get less opportunity than when Bitcoin is at the top. So I would say that when Bitcoin goes down, gamblers are not directly affected by it, but they are indirectly affected. Gamblers also suffer on market crash, there are some crypto gambling platforms that accept crypto but doesn't convert its value to $ value. While market price declines, we have to bet higher coin amounts for same payout. This is huge trouble especially when market goes down %60 and gamblers have to cover market losses before withdrawal on wining streak.
If that's the case for crypto gamblers, maybe they're better off leaving gambling for a while and saving their coins by just holding on to them. I guess it will be good for gamblers than them losing more of their coins on gambling either in value for money or in amount. But if they haven't been able to leave gambling, maybe they can convert their coins into stable coins, and then they can deposit them to a casino that accepts stable coins to gamble so they can continue gambling.Maybe people have their own preferences so they can decide the best they can do during an irregular market situation. Or there are gamblers like me who do nothing or gamble at all.
Good thing you mentioned stable coins, I forgot that I wanted to say something about that as well. It seems to me that even investing in the hodling of stablecoins for gambling or whichever reason, is risky in itself and could also vaguely be called gambling.
As we have seen with stablecoins like LUNA UST, there is absolutely no promise that said stablecoins will result in a safe haven as you go about your day. In fact, it could all become worthless from one second to the other. Just like any other cryptocurrency.
It might be a safer looking option than other crypto but its still far from safe.
Indeed, nothing is safe in gambling because we will have the risk of losing money, but we can continue to gamble by choosing the coins we want.
If we are aware about deposits made to gambling accounts then I think there are two possibilities, they will play it immediately and they can only save it for later use. Also, if a player gets a win in gambling and doesn't immediately withdraw it, then this kind of case also has an impact on the bitcoin price dropping. Therefore, a drop in the price of bitcoin can basically be bad and also mean nothing in gambling. Whether or not it has an impact depends on how they use their money in gambling, because nowadays if we want to gamble on a gambling site and or gambling platform, we will at least make a deposit first. It's different if the gambling site does not require a deposit that can bet directly, then the decline in the price of bitcoin certainly has no effect.
If the price of Bitcoin goes down, gamblers will get less money from their gambling than specified bets? The answer is no because they get btc according to their betting odds. However, if a gambler hold his deposited money or collected money in the form of BTC for betting in his wallet, then some of his money will be reduce for the price volatility of BTC. But if not, there is no possibility of any kind of effect on gamblers.
that's a good analysis and breaks the thinking well
understanding incentives is a must to figure out why some things end up happening the way they do.
good one
If the price of Bitcoin goes down, gamblers will get less money from their gambling than specified bets? The answer is no because they get btc according to their betting odds. However, if a gambler hold his deposited money or collected money in the form of BTC for betting in his wallet, then some of his money will be reduce for the price volatility of BTC. But if not, there is no possibility of any kind of effect on gamblers.
When I want to do gambling I think it will be lighter when using altcoins than bitcoin because the selling value is still low so it will make you a little calm when you lose, while so far I keep assets in the form of bitcoins in the nominal gambling place that I have still and no change even though holding assets in gambling is very dangerous because they can collapse instantly without your knowledge. when I have made a lot of profit from gambling, I think immediately to make a withdrawal and secure the profits that have been obtained.Better to keep your earnings into stable asset if you are well-satisfied with the amount.
It will allow you to feel comfortable, though there are some gamblers who are not comfortable with how the market
changes, but for more experienced gamblers, they are good and willing to take whatever the market is, bringing them
inside this crypto gambling industry.
If the price of Bitcoin goes down, gamblers will get less money from their gambling than specified bets? The answer is no because they get btc according to their betting odds. However, if a gambler hold his deposited money or collected money in the form of BTC for betting in his wallet, then some of his money will be reduce for the price volatility of BTC. But if not, there is no possibility of any kind of effect on gamblers.
When I want to do gambling I think it will be lighter when using altcoins than bitcoin because the selling value is still low so it will make you a little calm when you lose, while so far I keep assets in the form of bitcoins in the nominal gambling place that I have still and no change even though holding assets in gambling is very dangerous because they can collapse instantly without your knowledge. when I have made a lot of profit from gambling, I think immediately to make a withdrawal and secure the profits that have been obtained. 
If the price of Bitcoin goes down, gamblers will get less money from their gambling than specified bets? The answer is no because they get btc according to their betting odds. However, if a gambler hold his deposited money or collected money in the form of BTC for betting in his wallet, then some of his money will be reduce for the price volatility of BTC. But if not, there is no possibility of any kind of effect on gamblers.
Yes, campaigns these days are way better than the campaigns before. Gamblers who are having a hard time dealing with the market status could have more opportunities to earn and have good capital for gambling.
I think gamblers will still gamble regardless of the Bitcoin dump because they can use other alternatives. Converting or using stable coins will be a better step.
but most of the time people would eventually be withdrawing those pay and would make use into other aspect and would really be saving up for future purposes.
If we do talk about recent deposit and basing with the current market condition then its up to someone whether they would be ignoring it or not.
Impact will be self preference and self acceptance on whats happening around.
I remember in the last bear market the signature campaigns here even stopped.
BTC paid signatures? I honestly don't remember when this happened, was it in late 2019 or early 2020?Gamblers also suffer on market crash, there are some crypto gambling platforms that accept crypto but doesn't convert its value to $ value. While market price declines, we have to bet higher coin amounts for same payout. This is huge trouble especially when market goes down %60 and gamblers have to cover market losses before withdrawal on wining streak.
If that's the case for crypto gamblers, maybe they're better off leaving gambling for a while and saving their coins by just holding on to them. I guess it will be good for gamblers than them losing more of their coins on gambling either in value for money or in amount. But if they haven't been able to leave gambling, maybe they can convert their coins into stable coins, and then they can deposit them to a casino that accepts stable coins to gamble so they can continue gambling.sorry they didn't stop completely but it was much harder to find a good campaign (or maybe it was just me... could be)
in 2018 it was the hardest year if my memory is correct.
now it's golden times compared to the past, with way more campaigns regardless of market conditions
Yes, campaigns these days are way better than the campaigns before. Gamblers who are having a hard time dealing with the market status could have more opportunities to earn and have good capital for gambling.
I think gamblers will still gamble regardless of the Bitcoin dump because they can use other alternatives. Converting or using stable coins will be a better step.
I remember in the last bear market the signature campaigns here even stopped.
BTC paid signatures? I honestly don't remember when this happened, was it in late 2019 or early 2020?Gamblers also suffer on market crash, there are some crypto gambling platforms that accept crypto but doesn't convert its value to $ value. While market price declines, we have to bet higher coin amounts for same payout. This is huge trouble especially when market goes down %60 and gamblers have to cover market losses before withdrawal on wining streak.
If that's the case for crypto gamblers, maybe they're better off leaving gambling for a while and saving their coins by just holding on to them. I guess it will be good for gamblers than them losing more of their coins on gambling either in value for money or in amount. But if they haven't been able to leave gambling, maybe they can convert their coins into stable coins, and then they can deposit them to a casino that accepts stable coins to gamble so they can continue gambling.sorry they didn't stop completely but it was much harder to find a good campaign (or maybe it was just me... could be)
in 2018 it was the hardest year if my memory is correct.
now it's golden times compared to the past, way more campaigns regardless of market conditions
Gamblers also suffer on market crash, there are some crypto gambling platforms that accept crypto but doesn't convert its value to $ value. While market price declines, we have to bet higher coin amounts for same payout. This is huge trouble especially when market goes down %60 and gamblers have to cover market losses before withdrawal on wining streak.
that makes sense
since bull markets also bring more attention to crypto websites the volume on gambling websites crypto-based is probably correlated with prices
I remember in the last bear market the signature campaigns here even stopped.
Yeah, you were absolutely right Sir, I also noticed that. Only this year I saw where most of the signature campaign are now little by little becomes good again here in the forum. I hope it won't happen or repeat what happened before.
Aside from that, I think it might be that some of the gamblers got affected by the dumped of Bitcoin and some are not I guess.
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