Does Bitcoin price rise affect your gameplay? - page 2.

South Park

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Quote from: Oilacris on November 20, 2020, 06:35:59 PM

Quote from: FontSeli on November 20, 2020, 06:31:24 PM

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.

For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

In this case where this shows that you are taking gambling as a source of income yet you tallied everything and when you do saw that your entire
portfolio is on red then you might really be playing even more just for you to break even.

Bitcoins price might or might not affect someones gambling activity or gameplay.

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.

Questat

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Quote from: Sled on November 23, 2020, 06:24:46 PM

I wasn't addicted to gambling and so if the price of Bitcoin will soar high, it basically affects my gambling habit. I'm still sticking to the limit and never minding or feels bad when the time I lose. But to know that it was too expensive buying BTC at this time, maybe it is the time to lower the limit. I take this seriously because in my mind I also thinking why I should have to spend more if can't expect a return as well.

Yeah, I keep on gambling just the normal thing I do but there might have changed in the capital.

That's very important, limitation is necessary in gambling and that is regardless of what the price of bitcoin. If you are gambling what you are holding, I suggest you just hold it while waiting for the price to pump to its ATH, and maybe sell afterwards, however, if you are gambling with fiat and you convert it to bitcoin, it should not be a problem or issue since you'll convert only every time you gamble and cash that bitcoin.

There's a little adjustment of the amount need, before if your limit is BTC0.01 per day, maybe it would adjust to BTC0.005 now due to significant increase of bitcoin, but it's still up to you.

Sled

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Bitcoin- in bullish time

I wasn't addicted to gambling and so if the price of Bitcoin will soar high, it basically affects my gambling habit. I'm still sticking to the limit and never minding or feels bad when the time I lose. But to know that it was too expensive buying BTC at this time, maybe it is the time to lower the limit. I take this seriously because in my mind I also thinking why I should have to spend more if can't expect a return as well.

Yeah, I keep on gambling just the normal thing I do but there might have changed in the capital.

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Quote from: Gozie51 on November 23, 2020, 03:58:01 PM

Quote from: Astvile on November 23, 2020, 09:36:47 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 pump make market to be unstable and that can cause difficulty in the market to make profit.

Also the pump is affecting me because the withdrawal fees getting higher and it is annoying that you see high fee for even little transaction.

What if the gambler holds the whole balance in BTC which doubles the profit in the case of a bull market? It is a double-edged sword and gamblers who don't like playing with the market, volatility can choose chip-based casinos for avoiding market fluctuations. I prefer the first option because this is the first reason I deposit in crypto rather than fiat money. Fiat money gambling has tempting sides if the different currencies can be chosen. Let me explain, the bonus buy feature will be in coins for all currencies but for low-value currencies will be less than $20 which is the main price of bonus spins.

Gozie51

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Quote from: Astvile on November 23, 2020, 09:36:47 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 pump make market to be unstable and that can cause difficulty in the market to make profit.

Also the pump is affecting me because the withdrawal fees getting higher and it is annoying that you see high fee for even little transaction.

TheGreatPython

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I should say regardless of who gets affected by the price or not, if I stop or increase or if you do, we can look at stats at casinos and what they say about it. For example there were few CEO's (or owners) of crypto casinos that talks here on bitcointalk as well, they are pretty known, and they talked about how increasing prices made people gamble a lot more, and not just in dollar terms but in bitcoin terms as well but they also said they get new customers when the price increases as well, which may not be around here.

So that means when the price increases, there are more people who are interested in crypto which is not a shock to anyone, but apparently some of them goes to casinos to gamble when they get involved with crypto and that is a bit interesting to learn.

XZERO1

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Quote from: Astvile on November 23, 2020, 09:36:47 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.

Well, I believe it's way better to have separate stacks for your bitcoin trading and gambling, I mean you don't have to gamble the bitcoin that you are holding for long-term, instead just convert some of your other holdings like the national currency that you are using to bitcoin for gambling instead of using your original stack for it, the same thing goes when you shop online using bitcoin, just create a different bitcoin stack for your online purchases and gambling and you will be fine and you don't have to totally stop what you like doing just because bitcoin is going up.

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Quote from: Golftech on November 23, 2020, 12:40:51 PM

Quote from: Astvile on November 23, 2020, 09:36:47 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.

Majority will stick out with fiat worth and that would just simply adjust on bitcoins value or satoshi amounts that's why it doesn't really matter if the price had risen up or not because
it would be always subjective.

In my case, then it hasn't really affect after all and as earlier mentioned where you can anytime make adjustment in usd value when you do make a deposit
which means you wont really be having any problems at all.

The only issue I do mind when theres some rally is that the fees do becomes high too which is really a big problem in the ass and that time
then I do consider on using up alts instead.

Golftech

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Quote from: Astvile on November 23, 2020, 09:36:47 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.

Astvile

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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.

Wexnident

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Didn't have many difficulties with it tbh. I just think of it as bonus funds to play with. I have a set amount of money that I play with always anyway, so it isn't much issue tbh. And whenever I win and price goes up, isn't it more additional funds? Though the same could actually be said whenever the price goes down though. I don't bother to convert it to other coins at times, I just wait at times when the network isn't congested to avoid fees, I only place once or twice a week anyway.

Quote from: Mauser on November 23, 2020, 06:51:47 AM

On the beginning of the recent rally the bitcoin price didn't affect my gambling habit, I still used btc to top up my poker and black jack bankroll. But now with bitcoins around 19,000 usd again I am getting reluctant to use btc for gambling. It's better to use fiat money in my opinion. I don't want to sell any btc and would accept only bitcoins as withdrawal option for any potential winnings.

Well isn't it just a matter of calculating it? In the end it doesn't really matter if Fiat or BTC is used as long as the equivalent amount is the same. You can just invest everything in BTC in that case, so that everything can scale with the current bull run we have.

BuNga_cute

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Quote from: Mauser on November 23, 2020, 06:51:47 AM

On the beginning of the recent rally the bitcoin price didn't affect my gambling habit, I still used btc to top up my poker and black jack bankroll. But now with bitcoins around 19,000 usd again I am getting reluctant to use btc for gambling. It's better to use fiat money in my opinion. I don't want to sell any btc and would accept only bitcoins as withdrawal option for any potential winnings.

I do the same thing as you, I'm also reluctant to play gambling with Bitcoin. With a price that is already high if I lose it can make me
feel depressed, because the price of Bitcoin is very high right now. So I don't enjoy it when I play gambling, I prefer to use altcoins to
play gambling right now. I choose to keep the Bitcoin that I have, and every time I get profit from gambling, I will buy Bitcoin to increase
the Bitcoin that I have.

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Quote from: Mauser on November 23, 2020, 06:51:47 AM

On the beginning of the recent rally the bitcoin price didn't affect my gambling habit, I still used btc to top up my poker and black jack bankroll. But now with bitcoins around 19,000 usd again I am getting reluctant to use btc for gambling. It's better to use fiat money in my opinion. I don't want to sell any btc and would accept only bitcoins as withdrawal option for any potential winnings.

Not me, I can still take the volatility, actually I love gambling when bitcoin is bullish because if you win, there's a chance that you'll get a better profit as not only you grow the number of your bitcoins but its value could also increase. "

I don't stock bitcoin except for my investment, I buy bitcoin in fiat and gamble it, then convert it in fiat if I win, that's a simple process and I have no doubt those who are gambling using bitcoin as a payment method would not worry about its volatility, because it's a positive volatility.

Mauser

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On the beginning of the recent rally the bitcoin price didn't affect my gambling habit, I still used btc to top up my poker and black jack bankroll. But now with bitcoins around 19,000 usd again I am getting reluctant to use btc for gambling. It's better to use fiat money in my opinion. I don't want to sell any btc and would accept only bitcoins as withdrawal option for any potential winnings.

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Quote from: angrybirdy on November 21, 2020, 06:24:11 PM

This is what I did, I converted to doge instead of playing in btc. Aside from saving enough money because the transaction fee cost is also low, my gameplay seems like normal because the price of doge is really low compared to btc. The number of bets I can made is higher than staying in btc.

With a low price coin, doge can serve good than to use bitcoin to gamble. We can use a medium amount to gamble, which does not make us feel too regretful if we lose that amount. But that will be the same if you use a bigger amount to gamble because if you lose, that amount will make you get pain in your head Grin

Doge becomes popular for a gamble, and most gambling sites have the dogecoin as the option to gamble. So that will can make us to playing gambling longer than to use bitcoin. But don't forget to stop gambling if you think that is enough to play.

rodskee

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Best Example is the situation now in which not only Bitcoin price is growing instead even Ripple and Ethereum is gaining percentage ,the 2 coins that i use as alternative coins in gambling.

Having that i tend to still Limit myself the amount i use to play and that is 1-2 ETH and depend on the value if i use other coins) each gambling time.

And also I believe in Saying that "1btc is 1btc" so even how many coins we use to play never think of converting it to fiat while we are playing.

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Quote from: FontSeli on November 20, 2020, 06:31:24 PM

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.

So in general, are you winning or loosing ?

How you have dates of your "games" so after converting crypto to usd, you would see how much you have lost, or have recovered thanks to rate growth. Does this statistics affected your game style ?

I have made some deposits on several casinos and some balance from different giveaways and competitions. I can say that price growth affected my gameplay. Probably a year ago I could play dice with 100sat autobet and feel comfortable about it. Even allowing to keep it playing and switch to watching movies in another tab. Now, when I do the same, I run out of my deposit of $10-15 much quicker.

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Quote from: angrybirdy on November 21, 2020, 06:24:11 PM

This is what I did, I converted to doge instead of playing in btc. Aside from saving enough money because the transaction fee cost is also low, my gameplay seems like normal because the price of doge is really low compared to btc. The number of bets I can made is higher than staying in btc.

Ahmm yes, this could be helpful, maybe in every time you will about to gamble try to convert it to another altcoin. so that you can play more and the price is much lesser to its value to bitcoin, transfer fee really hurts as well. I can't afford to transfer with high fees to be deducted from my money, so I guess I rather convert it for now, when I want to play and I want to withdraw it, I convert my bitcoin to eos before then transfer it in exchange then Xrp for faster and very cheap fee.

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Quote from: death69 on November 21, 2020, 12:06:32 PM

Quote from: BALIK on November 21, 2020, 12:01:42 PM

It makes me more cautious about how much I bet and how often, so for me I'd say that I somewhat have cut down a little. This is a psychological thing for me where I fear that if I gamble too much BTC I might end up losing more than today's value given that BTC price keeps on rising.

It is that fear which does feel that it affects my odds of winning. Remedy wise, gambling with alts make things just a little easier but not too much as even the top alts have started showing a green market.

Just convert to alts. Although they are increasing, they are not as expensive as bitcoin. And moreover, you can split alts into many smaller parts which makes your gameplay becomes as normal as you used ti play with low-price-bitcoin.

If you fear of gambling, dont gamble. It is not good if we have such negative feelings like that. Wise gamblers will stop when bad emotions comsuming their body

This is what I did, I converted to doge instead of playing in btc. Aside from saving enough money because the transaction fee cost is also low, my gameplay seems like normal because the price of doge is really low compared to btc. The number of bets I can made is higher than staying in btc.

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Quote from: Oilacris on November 20, 2020, 06:35:59 PM

Quote from: FontSeli on November 20, 2020, 06:31:24 PM

Quote from: Krislaw on November 20, 2020, 05:49:47 PM

No at all, and it would better gain for user that bet gambling site that shows balance in bitcoin fractions. The only issue is when you deposit when the price up and then there is a price dump, it will be so difficult to gain it back.
Only a good gambling strategy can help in such situation.

I have a table in Google docs. In this table, I keep a record of all my casino accounts. I have written down where are the amounts in bitcoins or other cryptocurrencies. I record how much I won and how much I lost and all this data is recorded in cryptocurrencies.
In the same way, I record my income and losses from trading operations.

For trading statistics and records then i would say that it is really worth but for gambling? I dont see that it would really be that needed for some tracks about
on how much you lost and how much you do earn.For the sake of remembering accounts then that would do but for profitability? Not all would really be minding that much.

In this case where this shows that you are taking gambling as a source of income yet you tallied everything and when you do saw that your entire
portfolio is on red then you might really be playing even more just for you to break even.

Bitcoins price might or might not affect someones gambling activity or gameplay.

Can trading also be said to be a stable source of income? I bet the answer is no.
I see nothing wrong in keeping track of one spending and gambling isn't excluded. You never know, you might forget or want to reference something.
You can put the statistics in a language you can understand and interpret, as long as you it involves finance.

Topic: Does Bitcoin price rise affect your gameplay? - page 2. (Read 57296 times)