Does Bitcoin price rise affect your gameplay? - page 11.

Mauser

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

Has it affected your gameplay somehow?

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

For me the rise in bitcoins definitely made a difference in gambling. In the beginning I used mainly bitcoins to deposit money at online casinos. But since the price is so high now, I tend to deposit with FIAT money instead. And when I withdraw I usually withdraw with bitcoins. So gambling became another way for me to switch FIAT money into cryptos. In general a bitcoin rise shouldn't change our approach to gambling, we can still make profits.

smyslov

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Activity: 2030

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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, I still believe that another all time high is coming and could be double of the last all time high.

dothebeats

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Now that I read about this, I never really put much thought into the price of bitcoin until now. I was still regularly playing with $100 in bitcoin every 2 weeks or every month, and it is until now that I realized that we crossed $13k and have been sitting comfortably in it. Honestly this hasn't changed my gambling habits one bit, though the past few weeks I wasn't able to hop on in a casino due to a lot of reasons. My playing stash or spending stash is very different from my hodl stash, so I don't really change much when it comes to the amount or the currency I'm using to play.

bitcoinisbest

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I am not an avid gambler as such and play it for fun. So it might not effect much and also at times uses different coins to gamble depends which is available to me at that point of time. So, it would not affect too much even if the bitcoin price rises because in the end it would be luck while playing games if we win or not.

bitterguy28

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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

Nope because i use altcoins in gambling here online because Bitcoin Fee will kill you in time that congestion is happening and price is Pumping.
So for safe betting i choose Altcoins and it helps a lot for me.

Quote from: bitcoinisbest on October 29, 2020, 01:30:13 AM

I am not an avid gambler as such and play it for fun. So it might not effect much and also at times uses different coins to gamble depends which is available to me at that point of time. So, it would not affect too much even if the bitcoin price rises because in the end it would be luck while playing games if we win or not.

I don't know if there are gambling sites that accepts Stable coins like USDT ? sorry i am Playing in my old sites in which not offering accepting stable coin for now.

acroman08

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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?

How about you?

Cheers,
Karl
Bitcasino.io

a simple solution would be using an altcoin. which I have been doing this past few days. so my answer is the rise of bitcoin's price doesn't affect my gameplay since there are a lot altcoin to choose from if the price of bitcoin is too high.

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.

it's probably because if they bought bitcoin when the price is high they would have less BTC, so they would have bet less, therefore, less BTC when winning. there is also that the price of BTC drops down after they bought when the price is high.

erikoy

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All had been into that kind of situation where we will going to stake smaller bets of using bitcoin because bitcoin now is expensive and higher fees also will going to apply.

Anyway, cheaper or expensive bitcoin price what important is that we can still enjoy in gambling. With the help of bitcoin and no KYC will get a gambler a very good experience in gambling.

Another good thing is that we can use other altcoins as well instead of bitcoin. There are many gambling sites accepting other establish altcoins as well.

LogitechMouse

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This one doesn't come to my mind whenever I gamble.

It doesn't matter to me whether the price is high or low. If I already put my money in a gambling site, that's it. 5 BTC will remain 5 BTC in the site unless you converted it into USDT and used it for gambling there then its a different scenario. Bitcoin's price only matters for me if I will withdraw my funds (that is only when I won).

Well, most of us are losing in gambling right so why bothering the rise of Bitcoin's price Cheesy

.

Ryker1

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Quote from: Kelvinid on October 29, 2020, 12:03:53 AM

Quote from: Ridwan Fauzi on October 28, 2020, 10:38:42 PM

^[snip]

A real gambler won't think that way, price may not affect the way they gamble normally unless if you are just a casual gambler, on/off to gambling. Because though the price increase 1BTC is still equivalent to 1BTC (nothing has changed) no matter what will happen. But if we think how much its values if converted into our local money, obviously is a huge sum of money which might hold you and think not to gamble this time. But a real gambler never minds that thing, what is important for them is that they still have money gamble.

Well, right.
Because for me, the rise in the value of bitcoin wouldn't affect me much in my gameplay for the profit that I will possibly gain will be fair as well. Instead, it might only change on how much I should spend in each game because if the value of bitcoins raises then I should lower down my spending if previously I can spend 1 bitcoin in each game then the value rises to 100% then I can lower down by spending into .50 of bitcoin since the value is just the same. We all know that if we spend a certain amount in a game and in a consistent value then the return will be the same if we win. Moreover, -- if we keep on playing while the price of bitcoins keeps on rising then on the succeeding days our bitcoins will be on a higher value.

Bttzed03

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I haven't thought about it when placing a bet to be honest. I just count how many zeros I add or remove (not a huge gambler I know) then click. Sometimes I ponder the value of my total BTC in fiat whenever I plan to withdraw though. Feels like your luck doubled when you're winning while BTC is pumping.

Kelvinid

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win lambo...

Quote from: Ridwan Fauzi on October 28, 2020, 10:38:42 PM

I prefer to quite gambling for a while and collect bitcoin as much as I can. At least I can get profit through to hold it and sell when its price will fall and I will start to gamble. Because now I play gambling using bitcoin that I got from my signature campaign per week. And it seems like that is the best way than spending money that wins or gets a profit from it is only have a few percent and that would be a shame. So, when I got a profit through my holding I use the profit that I got to play gambling and I'll use it as a money that really I can afford to loss.

A real gambler won't think that way, price may not affect the way they gamble normally unless if you are just a casual gambler, on/off to gambling. Because though the price increase 1BTC is still equivalent to 1BTC (nothing has changed) no matter what will happen. But if we think how much its values if converted into our local money, obviously is a huge sum of money which might hold you and think not to gamble this time. But a real gambler never minds that thing, what is important for them is that they still have money gamble.

peter0425

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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

Actually i don't use Bitcoin in gambling online instead it is dodgecoin or Ripple since cheaper and less fees .
but profiting in gambling if you are not looking into cash value is not that in effect because it is the coin we use and not when we withdraw.

Quote from: Alucard1 on October 28, 2020, 10:34:44 PM

Nothing changes in my gameplay because I do not use cryptocurrency in gambling, I usually use dollars for betting so there is no relation between the price of the cryptocurrency to my gambling habit but actually when the price of the bitcoin keeps on increasing I just set aside the gambling because I keep on focus on the bitcoin, maybe that is only what the prices of bitcoin affects me on gambling, nothing special with it.

oh well surely there is no effect on you since it is Fiat that you use in gambling while majority of us uses crypto.

Ridwan Fauzi

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I prefer to quite gambling for a while and collect bitcoin as much as I can. At least I can get profit through to hold it and sell when its price will fall and I will start to gamble. Because now I play gambling using bitcoin that I got from my signature campaign per week. And it seems like that is the best way than spending money that wins or gets a profit from it is only have a few percent and that would be a shame. So, when I got a profit through my holding I use the profit that I got to play gambling and I'll use it as a money that really I can afford to loss.

Alucard1

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Nothing changes in my gameplay because I do not use cryptocurrency in gambling, I usually use dollars for betting so there is no relation between the price of the cryptocurrency to my gambling habit but actually when the price of the bitcoin keeps on increasing I just set aside the gambling because I keep on focus on the bitcoin, maybe that is only what the prices of bitcoin affects me on gambling, nothing special with it.

maydna

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With the bitcoin price now increases, I prefer to use altcoin to gamble. And nothing changes with my gameplay because I want to save my bitcoin and sell it at a high price instead of using it for bets. Besides that, the altcoin price, such as dogecoin and litecoin, is not too high compared to bitcoin. I use dogecoin so far as placing the bet. Using dogecoin, I can buy so many dogecoins at a cheap price, and I can use a small amount to gamble. I don't want to feel sad if I am losing gambling using bitcoin, and if I am losing gambling using dogecoin, I don't feel too sad.

fortunecrypto

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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

Yes it is I now preferred to bet using altcoins than using my Bitcoin I feel that now that the price is increasing I am losing double the amount fo I'm betting I pegged my bet on dollars so when I lose a bet and the price increase after my bet I feel that lose twice of the amount, I prefer to use Dogecoin, Tron or coins that hardly go up.

FlightyPouch

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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.

goinmerry

legendary

Activity: 2940

Merit: 1083

It will only affect my gameplay if I funding my gambling thru my own fiat pocket since I need to deal with the exchange rate.

But if I have saved BTC (which I currently have, as always), then I disregard any BTC price movement as up or down, still, it's 1:1 and just continues with my usual gambling.

It's difficult to focus when you think that you need to win at any cost since the BTC price is expensive to be considered.

DabsPoorVersion

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Activity: 1260

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www.Artemis.co

No, I still bet the same amount of btc for every game of mine, since I have enough btc in my wallet to play, I don't need to exchange fiat to btc everytime I play.

The only affects in sudden increase in bitcoin is if ever I win, the value of the amount I won is much higher than my previous game. It is a good situation not only for me but also for every gambler. It does not affect but it is a good motivation to keep on winning.

FontSeli

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Quote from: Wawa2013 on October 28, 2020, 05:27:43 PM

I like this topic, because I am also curious about the members here whether the increase in their Bitcoin price affects their gameplay.
For me it doesn't change much regarding the gameplay when playing gambling, with the increase in the price of Bitcoin in October this
made me reduce the number of bets that I usually use. For example, for sports betting I used to bet 0.005 BTC for one match, after
Bitcoin went up I reduced it to around 0.002 BTC. Likewise with other gambling games, I reduced the number of bets.

Do you buy Bitcoins for fiat currencies on every bet? Or do you have Bitcoins purchased in advance and you spend them a little on bets? I'm just wondering why you started doing this. Personally, I have not changed the size of my Bitcoin bets. Of course, if you recalculate the bets on the fiat they have increased significantly, but I bought Bitcoins at least a long time ago, when they cost another 8000.

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