Does Bitcoin price rise affect your gameplay? - page 10.

Inkdatar

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Quote from: carter34 on October 29, 2020, 10:09:00 AM

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

Some gamblers think if the price is so expensive it would be difficult to get profits.

On the other side t it, this is suppose to be a profit time for gamblers as btc has appreciated so also the winning are. Especially if you already have some btc balance in the account. It will increase and give you better chance to multiply your stakes you are gambling for.

As a matter of fact the chance for a gambler to take profit when betting since the price of btc increase. Also, I observe from others they are taking this chance to bet since the price is high which they might catch to win the game. Also, I’m just a small time gambler so it does not affect me in a gameplay, and also it depends on a person on how he can manage his funds during this time of bitcoin price rise.

TitanGEL

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Quote from: Karartma1 on October 29, 2020, 09:15:30 AM

I had to learn the hard way how to give importance to the numbers and digits I was betting upon. My brain was thinking in terms of USD and considering some huge bet I did in the past I could be considered a whale nowadays.
Now even betting 0.01 gives me a sort of discomfort.

There is really a some psychological effect especially when the price of the bitcoin moves upward and we have a money in a certain gambling websites, for me there is change in my decisions and in my gameplay especially on the amount of money that I kept betting. Even if the price of the bitcoin just increase to 10%-15%, I will lessen my betting amount in to 50% and for me it is good decision for me to feel comfortable. I just betting the money that I afford to lose and that is why I do not increase my betting amount especially if there is a price increase in the bitcoin for me to remove the uncertainty and have a confidence in gambling.

There are also times that I withdrawing my funds knowing that the bitcoin has momentum and I switching it in trading platforms to not waste the opportunity and when the price will become stable again; I will switch it again into gambling website to not lose the opportunities out there.

carter34

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

Some gamblers think if the price is so expensive it would be difficult to get profits.

On the other side t it, this is suppose to be a profit time for gamblers as btc has appreciated so also the winning are. Especially if you already have some btc balance in the account. It will increase and give you better chance to multiply your stakes you are gambling for.

blckhawk

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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
Bitcasino.io

Maybe if I am a kind of person who uses Bitcoin for betting then I would say yes this kinda affect my gameplay. Not directly affecting gameplay but the amount that I will use as a bet. Since Bitcoin is now gradually increasing and so for the transaction fees it would totally make me think twice about my bet. Right now for what I can see on Bitcoin was so expensive that is why I've been using other currency.

Fundamentals Of

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Quote from: Karartma1 on October 29, 2020, 09:15:30 AM

I had to learn the hard way how to give importance to the numbers and digits I was betting upon. My brain was thinking in terms of USD and considering some huge bet I did in the past I could be considered a whale nowadays.
Now even betting 0.01 gives me a sort of discomfort.

This is so true not just in gambling but to the overall Bitcoin experience. There were days in the not so distant past when even a whole Bitcoin is not that hard to get, play with, or convert to cash. This is the downside of crypto gambling. You will lose not only the crypto you spent and lost but also its future value.

I really feel how 0.01 in Bitcoin is now very precious I won't even make a single bet with that amount ever again. Gone are the days when Bitcoin was cheap and easily wasted.

Sadlife

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Yes surely, i've even had second thoughts to keep playing because the most difficult choice is. To continue playing and loss money or stake Bitcoins. So it can grow in value while in a bull trend.
That's why, i always end up staking most of my crypto because its the safest bet, and play using micro stash.

Karartma1

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I had to learn the hard way how to give importance to the numbers and digits I was betting upon. My brain was thinking in terms of USD and considering some huge bet I did in the past I could be considered a whale nowadays.
Now even betting 0.01 gives me a sort of discomfort.

AicecreaME

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Bitcoin price increase will never affect anyone's gameplay and making profits. 1 BTC will be always 1 BTC no matter what the price is, it will only depends if he'll convert it to fiat or not, because that's where his profits will be based. But if a gambler deposited a 1 BTC when it's price was $13,000 and make a profit of 1 BTC and it's price was $7,500 per BTC then he could just continue making it double or even triple and wait for the price to go up more than the half of the price of what he deposited to gain profits, simple as that.

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Quote from: Saisher on October 29, 2020, 07:18:34 AM

Yes I avoid using Bitcoin when the price is increasing I prefer betting with Tron Ripple and Eth, I prefer my Bitcoin to be in my wallet when there's a big pump going, the price of Bitcoin is moving fast than other altcoins when there is a bull run, it's the most valueable coin in times of bull run.

That's what I do too. Less chance of losing our BTC but then we also not win some BTC. While it doesn't change us to stay away from gambling, it might just be worse risking soon when the value of BTC we hold will be much more. The strategy used to play the games in casino still is the same with altcoins, the gameplay never change whichever currency we use.

ultrloa

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Quote from: michellee on October 29, 2020, 06:21:39 AM

Quote from: emmaglory5 on October 29, 2020, 05:31:23 AM

Does Bitcoin price rise affect your gameplay? Not really affecting, the more BTC we get when we win.

gambling became another way for me to switch FIAT money into cryptos

If you win, yes, you can get more bitcoin, but you never know when you will win because we are playing gambling, which we don't know if we are lucky or lose the money. We can hope to get the win, but we need to manage our bitcoin to play gambling.

I feel better to use altcoin to gamble because if I use bitcoin, and I lose in that win, I will feel sad although I lose for a small amount. As bitcoin price now can increase to $13k, it will have a chance to rise higher, so I think it is better to save the bitcoin, and we can sell it to the new ATH in the future.

It matters on what will happen to the market price of Bitcoin since if the timing is not good and betting when the market is collapsing provably you will lose the value and didn't know if you are in profit or not. But what good thing there is once the price recover back and you accumulate more volumes then this is a jackpot for you since we can earn huge once the market is on his best shape.

iamsheikhadil

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It does, quite a lot for me. When Bitcoin prices go up, I tend to not play as much as when btc price is really low. Because if the price is around $4k hypothetically for a coin, that means I can get 0.001 btc for $4 only, relatively low and hence I would like to gamble it and try to get more btc so when price goes up, I can have good fortune while when the coin prices go up, I get scared of losing lots of money if am not able to control gambling away my saved coins!

Saisher

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Yes I avoid using Bitcoin when the price is increasing I prefer betting with Tron Ripple and Eth, I prefer my Bitcoin to be in my wallet when there's a big pump going, the price of Bitcoin is moving fast than other altcoins when there is a bull run, it's the most valueable coin in times of bull run.

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Quote from: emmaglory5 on October 29, 2020, 05:31:23 AM

Does Bitcoin price rise affect your gameplay? Not really affecting, the more BTC we get when we win.

gambling became another way for me to switch FIAT money into cryptos

If you win, yes, you can get more bitcoin, but you never know when you will win because we are playing gambling, which we don't know if we are lucky or lose the money. We can hope to get the win, but we need to manage our bitcoin to play gambling.

I feel better to use altcoin to gamble because if I use bitcoin, and I lose in that win, I will feel sad although I lose for a small amount. As bitcoin price now can increase to $13k, it will have a chance to rise higher, so I think it is better to save the bitcoin, and we can sell it to the new ATH in the future.

NeilLostBitCoin

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Quote from: emmaglory5 on October 29, 2020, 05:31:23 AM

Does Bitcoin price rise affect your gameplay? Not really affecting, the more BTC we get when we win.

gambling became another way for me to switch FIAT money into cryptos

The sudden increase of bitcoins' value has no direct effect from my gambling experience because it is all about the price of bitcoin itself and not the rates from Casino's or anywhere you can play gambling. The increase of bitcoins' value is useless most especially if you don't have coins. It's all about the quantity, the more coins you have, the more chances of playing.

emmaglory5

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Does Bitcoin price rise affect your gameplay? Not really affecting, the more BTC we get when we win.

gambling became another way for me to switch FIAT money into cryptos

xSkylarx

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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?

Yes because the btc value of my bankroll gets smaller while its price increases every day. It became more difficult to accumulate btc at these times. It also makes your number of bets lesser.

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

Some gamblers think if the price is so expensive it would be difficult to get profits.

The profit stays the same, but as I have said above if you are comparing it to btc decimals, it gets smaller.

DarkDays

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Quote from: FlightyPouch on October 28, 2020, 06:47:48 PM

It will not affect my gameplay no matter what. I don't care about the price of bitcoin or any crypto currencies that I am playing, what matters is either I am winning or I am losing. Another thing is that as long as I can gamble with my money, price change won't affect that.

This is a very interesting thought process. I would have thought people would become more apprehensive about gambling with BTC and similar high market cap cryptos due to the potential value it may have in the near future. Imagine gambling with 0.2BTC now and you lose, but in December BTC has reached 18k, wouldn't that make you extremely irritated?

The opposite side of the argument could be applied to the opposite scenario but this is not as risky as you'll be benefiting anyway but the risk of losing the initial investment for me doesn't make it worth it. Unless, of course I feel extremely confident about my winning strategy, like you you could do in Poker.

hahay

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There is no difference, the ups and downs of the price as long as I have no luck in gambling then it is still a loss. So for me personally, the ups and downs of prices really do not affect the gameplay in gambling and even though there are changes at least it is just an adjustment and I think adjustments in betting are natural because consciously or not those changes will do by every gambler even when they lose and win.

samcrypto

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Yes, most of the time since I felt guilty every time I spend my bitcoin on gambling and I know its not worth it so I hate seeing Bitcoin pumping after I spend bitcoin this is really hurt. Cheesy

I'd appreciate the value of Bitcoin so I only spend altcoins especially ETH for the past months, in short Bitcoin price affects my gambling decision, I just want to hold it more than to spend it. Cheesy

imstillthebest

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Quote from: smyslov on October 29, 2020, 03:23:34 AM

Whenever Bitcoin goes up I stopped betting or using Bitcoin and just bet using other coins, like Ripple Doge I felt that I am losing twice of the price of Bitcoin that I bet and lose, but when the price of Bitcoin is going down, that's the time I use it for betting,

what if you win ? it didnt came to your mind that you can also win big not because of the bet you make in gambling but because the value of btc increased .

when you bet using the altcoins that you said , that is boring and less exciting because those alts rarely move and this was also the time that btc increase and alts didnt followed . profit and losses are not the main affection for btc gambling but the speed of transfer and the sending & withdrawal fee are as well affected .

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