Does Bitcoin price rise affect your gameplay?

wheelz1200

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Quote from: Bitcasino.io Support on October 28, 2020, 08:53:00 AM

Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
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Yes it definately affects game play. When bitcoin is dropping people tend to bet more as they get more juice on today's game with the risk not too high if you lose since it will soon go lower anyway. When bitcoin is straight on a bull run betting $100 today and losing miggt actually "feel" like losing $120, etc.

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Quote from: MWesterweele on November 25, 2020, 09:00:41 AM

Quote from: iTradeChips on November 25, 2020, 08:45:31 AM

I think it is really not worth discussing this, I mean if you are a gambler and a responsible gambler at that, it means that you must have the proper mental conditions that would make you unaffected by anything happening in Cryptocurrencies. You should not get affected if Bitcoin price goes down, of another coins price goes down. Even if coins are being delisted from exchanges or getting closed due to issues. If it directly affects the price or the currency of the price you receive then you might avoid continuing to gamble on that platform.

Precisely, i guess anyone who were decided to join in gambling has a good state of mind and already knows what are the probable effects of gambling and the losses ahead while on game. Cryptocurrency itself were already a risk to take on and from it we should have the guts to be careful and so doing gambling. But then can't deny that discussing this kind of topic can also be a way to keep on reminding ourselves about the risk of gambling.

When you do tend to gamble then of course you do know that you would really be on that situation where winning and losing is normal or simply the risk involved.
On the time you do tend to gamble then you wont really be minding much on what would be the price of bitcoin as of that moment yet most of the time you
will depend into its USD value on the time you would make a deposit.If you do play with $100 in value then you will just simply make out some adjustments.
Investment funds and Gambling funds shouldnt really be collaborated yet they had their own purpose.

hahay

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Quote from: FontSeli on November 25, 2020, 12:43:15 PM

Quote from: South Park on November 24, 2020, 04:06:07 PM

If you want to know where your money goes then you need to keep track of every single cent, this is why many people are always short on cash because they do not really know where their money is going, so even if you do not think that it is that beneficial to have records of how much money you have gambled over the years in fact I find it to be critical, most people that have spent too much money on the casinos prefer not to think about this because the truth will be too hurtful, but unless you face the truth then your behaviour is never going to change and you are going to keep losing too much money.

Some people are lazy to keep records of their expenses and it is their right. However, they do not realize that keeping records can significantly reduce their expenses, which means that people will have more money in their hands.
When a person is gambling, it is better to keep records in the currency in which the bets are made. Because if you put bets in bitcoin, and keep records in dollars, the statistics can be wrong because the bitcoin is constantly growing and then drops in price, which greatly affects th records. For example, you could lose 0.01 bitcoin today and you should have a loss on the day, but because of the increase in the price of a coin in dollars can be quite different result.

Keeping track of every expense is appropriate if he is someone who is calculating in any way, but if he is someone who is lazy and even difficult about calculating, then I am not sure he will calculate every expense correctly. So, regarding whether the increase in price will affect the gameplay or not, I personally assume that the increase and decrease in price will not affect gameplay because the gameplay itself will always be adjusted according to the situation. By realizing and having the skills in that adjustment, at least recording expenses or not and about the gameplay itself that changes or not, at least it will not cause a problem that becomes a question about where your money goes, because you will be aware of the costs of each transaction.

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Quote from: iTradeChips on November 25, 2020, 08:45:31 AM

I think it is really not worth discussing this, I mean if you are a gambler and a responsible gambler at that, it means that you must have the proper mental conditions that would make you unaffected by anything happening in Cryptocurrencies. You should not get affected if Bitcoin price goes down, of another coins price goes down. Even if coins are being delisted from exchanges or getting closed due to issues. If it directly affects the price or the currency of the price you receive then you might avoid continuing to gamble on that platform.

Being affected by bitcoin price and by the game you gamble with are two different things.

It's normal to be affected by the pump of bitcoin as it will give you an idea of how much you have to gamble by that time. It adds dollar value to bitcoin that you gamble so that can affect your bankroll if you're into dollar perspective.

FontSeli

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Quote from: South Park on November 24, 2020, 04:06:07 PM

If you want to know where your money goes then you need to keep track of every single cent, this is why many people are always short on cash because they do not really know where their money is going, so even if you do not think that it is that beneficial to have records of how much money you have gambled over the years in fact I find it to be critical, most people that have spent too much money on the casinos prefer not to think about this because the truth will be too hurtful, but unless you face the truth then your behaviour is never going to change and you are going to keep losing too much money.

Some people are lazy to keep records of their expenses and it is their right. However, they do not realize that keeping records can significantly reduce their expenses, which means that people will have more money in their hands.
When a person is gambling, it is better to keep records in the currency in which the bets are made. Because if you put bets in bitcoin, and keep records in dollars, the statistics can be wrong because the bitcoin is constantly growing and then drops in price, which greatly affects th records. For example, you could lose 0.01 bitcoin today and you should have a loss on the day, but because of the increase in the price of a coin in dollars can be quite different result.

MWesterweele

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Quote from: iTradeChips on November 25, 2020, 08:45:31 AM

I think it is really not worth discussing this, I mean if you are a gambler and a responsible gambler at that, it means that you must have the proper mental conditions that would make you unaffected by anything happening in Cryptocurrencies. You should not get affected if Bitcoin price goes down, of another coins price goes down. Even if coins are being delisted from exchanges or getting closed due to issues. If it directly affects the price or the currency of the price you receive then you might avoid continuing to gamble on that platform.

Precisely, i guess anyone who were decided to join in gambling has a good state of mind and already knows what are the probable effects of gambling and the losses ahead while on game. Cryptocurrency itself were already a risk to take on and from it we should have the guts to be careful and so doing gambling. But then can't deny that discussing this kind of topic can also be a way to keep on reminding ourselves about the risk of gambling.

iTradeChips

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I think it is really not worth discussing this, I mean if you are a gambler and a responsible gambler at that, it means that you must have the proper mental conditions that would make you unaffected by anything happening in Cryptocurrencies. You should not get affected if Bitcoin price goes down, of another coins price goes down. Even if coins are being delisted from exchanges or getting closed due to issues. If it directly affects the price or the currency of the price you receive then you might avoid continuing to gamble on that platform.

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Quote from: TopT3ns on November 25, 2020, 08:13:06 AM

Quote from: zidanw on November 25, 2020, 07:58:24 AM

The price I think has nothing to do with the player's gameplay maybe they might be thinking that the Bitcoin is really high right now and they could just cut out their budget in gambling but what I was thinking was I think for me the only effect of the price rise of Bitcoin is for me is that I started to lower down my minimum bet for sports betting.

maybe if you are afraid to use bitcoin as capital for gambling then you should be able to use altcoin which in my opinion has a low price and very small transaction fees and the value of the bet is still small because it uses altcoin, it's just that not all gambling places provide that option.

I agree I did not realize this until I see this reply. What comes to my mind was the Doge coin as it is also one of the altcoins being accepted in the gambling platform. Bitcoin for now is not a good digital currency to use in gambling due to high transaction fees and the time needed for confirmation which took too long sometimes. Anyway, thanks for this idea for I can get to gamble using altcoins if that I want to gamble using crypto but there are other platform accepts fiat currency and that can be withdrawn in crypto. Betnomi is one of the best gambling platform I had played.

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Quote from: TopT3ns on November 25, 2020, 08:13:06 AM

Quote from: zidanw on November 25, 2020, 07:58:24 AM

The price I think has nothing to do with the player's gameplay maybe they might be thinking that the Bitcoin is really high right now and they could just cut out their budget in gambling but what I was thinking was I think for me the only effect of the price rise of Bitcoin is for me is that I started to lower down my minimum bet for sports betting.

maybe if you are afraid to use bitcoin as capital for gambling then you should be able to use altcoin which in my opinion has a low price and very small transaction fees and the value of the bet is still small because it uses altcoin, it's just that not all gambling places provide that option.

It is not about Bitcoin or altcoin which will affect your price. It's just the amount that you gamble. It does not mean that you are gambling with XRP, Doge, or Litecoin that you are gambling a little amount as compared to gambling with Bitcoin. You may still end up gambling more when using those altcoins than with Bitcoin. You have the option to just gamble with 0.001 BTC per bet. But you also have the option to place 1 LTC per bet.

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Quote from: zidanw on November 25, 2020, 07:58:24 AM

The price I think has nothing to do with the player's gameplay maybe they might be thinking that the Bitcoin is really high right now and they could just cut out their budget in gambling but what I was thinking was I think for me the only effect of the price rise of Bitcoin is for me is that I started to lower down my minimum bet for sports betting.

maybe if you are afraid to use bitcoin as capital for gambling then you should be able to use altcoin which in my opinion has a low price and very small transaction fees and the value of the bet is still small because it uses altcoin, it's just that not all gambling places provide that option.

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The price I think has nothing to do with the player's gameplay maybe they might be thinking that the Bitcoin is really high right now and they could just cut out their budget in gambling but what I was thinking was I think for me the only effect of the price rise of Bitcoin is for me is that I started to lower down my minimum bet for sports betting.

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I think it does not affect too much because again the way only does the bitcoin is for making transactions but at the end of the day the deposit funds are still converted with the USD balance in USD and if you are trying to withdraw this affect the gamblers because most of the time the transaction fee goes high. Well, I think it's just normal because they can have fair transaction fees some of the people wanting to have a fix transaction fees because not all of them are a big-time gambler.

But in actual gameplay, I think there is no reason it can affect the players because they mind to win every game they play.

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Quote from: Bitcasino.io Support on October 28, 2020, 08:53:00 AM

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Bitcasino.io

no, 1 satoshi is still 1 satoshi for me. so i don't think there will be an effect in my gameplay my betting strategy and base betting still the same and didn't change at all even if the price of bitcoin increases significantly high.

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Now that the Bitcoin is significantly high, I was having a second thought about it if either save Bitcoin or waste it playing gambling games. I'm a little bit greedy and I want to earn more bitcoin as much as possible so I think I would transfer more now and bet more.

I really think it affects my gameplay.

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I think it impacts only when playing slot machines.When we play slot machines the amount is shown in Euros at least in Sportsbet.io where I usually play.This means that for the same amount of bitcoin I can play more free spins when the vlaue of bitcoin is higher.Also I can play the same number of bets if I increase the Euro amount of the bets so it really impacts our gameplay.

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Very appropriate Topic now and we can observe the gambling division now,if the players and bettors are still active pr the wagering is still continue?or there is a drop in daily basis as Bitcoin continuously growing.

Quote from: Gotumoot on November 25, 2020, 02:02:09 AM

It would depend on how much the price moved.
If it is just small price movement then no but if it's huge it would surely affect my gameplay.
There are also some instances when I would pass on gambling because I think the Bitcoin price would go high.

But 1 btc is 1 btc when talking about Online gambling right?so meaning you are risking in gambling to double the value of your Bitcoin?
then why not just Keep Holding since there will be bull coming and stop gambling totally.

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Quote from: Golftech on November 23, 2020, 11:40:51 AM

Quote from: Astvile on November 23, 2020, 08:36:47 AM

I am not gambling whenever bitcoin price is pumping. I don't wanna risk any potential losses in gambling because it can be more profitable if I just hold onto it or just trade with it. That's how bitcoins price affects my gameplay, I totally stop for a bit and focus on more profitable ways to do with my bitcoins.

The best way to enjoy bitcoin pumped, if you think that it's more better to save up instead
of keep playing and risk your bitcoin that's your choice. Maybe for some gamblers they will
adjust and keep the gambling capital based from their fiat worth, from that they can continue
to play and enjoy those gambling games that they usually play even the value of bitcoin still
pumping up.

Definitely each and everyone has our own choices but if i were the one who has bitcoin and knowing that today bitcoin price were almost $17000 i would never try to gamble it. Well for my own choice i would save it up and probably turn to some style like trading or investment for security purposes . I think i couldn't take the risk of losing even a single bitcoin especially today where the bitcoin pruce were nearly at its ATH.

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Quote from: nikola22 on November 24, 2020, 05:18:09 PM

Quote from: Astvile on November 23, 2020, 08:36:47 AM

I am not gambling whenever bitcoin price is pumping. I don't wanna risk any potential losses in gambling because it can be more profitable if I just hold onto it or just trade with it. That's how bitcoins price affects my gameplay, I totally stop for a bit and focus on more profitable ways to do with my bitcoins.

but if you have some bitcoin on your crypto casino or crypto bookmaker account it would be better try to increase its amount gambling carefully. though altcoins price is also pumping so we have to gamble carefully using alts.

He can try to use bitcoin to gamble, but that is only if he can accept the risk of losing his bitcoin.
Suppose he has some satoshi, and the site has a conversion to the altcoin. In that case, he can try to convert his bitcoin to the altcoin such as dogecoin, litecoin, ethereum, or trx, so he still has the rest of satoshi in his account that he can use to buy more amount of the altcoin.
That is a good suggestion to him if he still wants to test his luck.
With bitcoin price now is at $19k, I don't think that people who don't have many bitcoin will use that bitcoin to gamble because I think they will use their bitcoin to search for more profit from the other way.
If he only uses his bitcoin, and if suddenly he loses, then he will lose his money without an easy chance to get his money.

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It would depend on how much the price moved.
If it is just small price movement then no but if it's huge it would surely affect my gameplay.
There are also some instances when I would pass on gambling because I think the Bitcoin price would go high.

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Quote from: Astvile on November 23, 2020, 08:36:47 AM

I am not gambling whenever bitcoin price is pumping. I don't wanna risk any potential losses in gambling because it can be more profitable if I just hold onto it or just trade with it. That's how bitcoins price affects my gameplay, I totally stop for a bit and focus on more profitable ways to do with my bitcoins.

but if you have some bitcoin on your crypto casino or crypto bookmaker account it would be better try to increase its amount gambling carefully. though altcoins price is also pumping so we have to gamble carefully using alts.

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