Does Bitcoin price rise affect your gameplay? - page 3.

death69

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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

BALIK

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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.

ecnalubma

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Quote from: jostorres on November 20, 2020, 02:33:59 PM

Quote from: ecnalubma on November 20, 2020, 01:32:48 PM

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

So if BTC price is 1million USD you will still be making the same bets? I don't think so.

I always use USD currency when betting as stake allows to convert your BTC into USD and bet with that, they also have added Euro and JPY recently so it is easier to convert balance into fiat and know how much you are betting because indeed as price rises we sometimes forget that the old 10mBTC is now almost worth double than it was 1 month ago so have to adjust bets accordingly.

I don't know about others but I do change my betting amounts and sometimes style too with change in BTC prices, like if the prices are low I will bet more and actually take bigger risks while if the bull run is going on like right now, I try to bet small and avoid chasing big wins.

I don’t mean that way but you know gamblers can adjust and also casinos. Of course bets are adjusted if the markett fluctuate meeting the standard. Casinos are also can become greedy during bull season so its a given situation.

FlightyPouch

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Is there a gambling site where we could see a chart of amounts being put on a bet so we can compare the bet people did last month and this month? At that point, we can actually see if people are having some changes in their betting as the time changes.

As an example, on our site, I looked at 2 of the big wagers and calculated what they bet last month compared to what they bet this month.

Amount bet last month
User 1. 6.27874269
User 2. 62.68226555

Amount bet this month
User 1. 56.79178533
User 2. 6.30647655

They are some of the players in our weekly wagering competitions. Some of them don't have records in the other months on the list so I can't really give more analysis of how their bet change as the price increases. User 1 has a lot of bets this month as the price increases compared to User 2 meanwhile, User 2 has a lot of bets last month with the price is not that high. This is just an example, maybe others can give more information so we could see how people change their wagers as price increases.

FontSeli

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Quote from: Ayiranorea on November 20, 2020, 07:28:06 PM

Quote from: FontSeli on November 20, 2020, 06:51:15 PM

I was taught from childhood to keep track of my profits and expenses. You may think that this is difficult to do, but in fact it does not take much time, but it brings great benefits.
Gambling for me is entertainment and I want to know how much money I spent on this item of expenditure. Sometimes it happens that they go from the expenses section to the income section and only thanks to statistics I can see the exact amounts.

Everyone will be taught to have a track of profit and losses. The practice makes users get used to it. It is true that having track of bitcoin and other cryptocurrencies on gambling gives good benefits. Looking at the data we can understand as well as set our limits. Myself don't have a schedule or track of wins and losses. I used to get small payments and with that I try my luck. Soon i used to go for max betting.

If a person places a deposit on a gambling site bitcoins that he bought a long time ago, then it makes no sense for him to track the amount of winnings and losses in dollars. Of course, he can recalculate his bets in dollars, but in my opinion this is inconvenient and meaningless.

Ayiranorea

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Quote from: FontSeli on November 20, 2020, 06:51:15 PM

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.

I was taught from childhood to keep track of my profits and expenses. You may think that this is difficult to do, but in fact it does not take much time, but it brings great benefits.
Gambling for me is entertainment and I want to know how much money I spent on this item of expenditure. Sometimes it happens that they go from the expenses section to the income section and only thanks to statistics I can see the exact amounts.

Everyone will be taught to have a track of profit and losses. The practice makes users get used to it. It is true that having track of bitcoin and other cryptocurrencies on gambling gives good benefits. Looking at the data we can understand as well as set our limits. Myself don't have a schedule or track of wins and losses. I used to get small payments and with that I try my luck. Soon i used to go for max betting.

k@suy

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Quote from: goinmerry on November 20, 2020, 06:56:26 PM

It's too much and not really necessary. Unlike in trades, it was useful to track records as that was part of our reference. In gambling, I don't see how it will become an advantage. It's just a merely a pure record.

But if that user is comfortable doing that then up to him to continue. Maybe just want to track how much money already spend on gambling regardless of what's the bitcoin price in a given trend. That was an effort though.

For me, everything that can help me to track my losses is good. It will also help me to budget my next money that I will spend in every game, since I don't want to spend too much in gambling. I want everything in moderation, so if bitcoin increase the price I will only bet the same amount I bet in the previous games, I mean if my bet is always at 50$ I'll convert it into btc and that will be my bet. but I think it is not really a big thing since consider the volatility, it's normal.

goinmerry

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

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.

It's too much and not really necessary. Unlike in trades, it was useful to track records as that was part of our reference. In gambling, I don't see how it will become an advantage. It's just a merely a pure record.

But if that user is comfortable doing that then up to him to continue. Maybe just want to track how much money already spend on gambling regardless of what's the bitcoin price in a given trend. That was an effort though.

FontSeli

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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.

I was taught from childhood to keep track of my profits and expenses. You may think that this is difficult to do, but in fact it does not take much time, but it brings great benefits.
Gambling for me is entertainment and I want to know how much money I spent on this item of expenditure. Sometimes it happens that they go from the expenses section to the income section and only thanks to statistics I can see the exact amounts.

Oilacris

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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.

FontSeli

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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.

BuNga_cute

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With the current Bitcoin price of $ 18,500 which will definitely affect my gameplay, I will reduce the amount of Bitcoin used for betting.
Because when I'm deposit, the amount of Bitcoin will decrease convert from USD to BTC, and also when playing sports betting I prefer
games that are sure to win, because I am a little afraid of losing with the Bitcoin price already high. Maybe with the current high Bitcoin
price, I would also consider playing gambling with altcoins.

batang_bitcoin

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Quote from: nikola22 on November 20, 2020, 03:35:04 PM

during bitcoin price rise I'm trying to gamble more cafefully because in a short period of time the betting sum could be worth more in USD equivalent. in this case it would be better to choose altcoin for gambling purposes.

ETH is also pumping so spending it wouldn't be wise. Most of the gamblers hold bitcoin and Ethereum as their main crypto in their stash. But in general for cryptocurrencies, there are a lot of altcoins to choose and that differs from the accepted altcoin of the casino.
I do agree that it's better to gamble with alts for this time, bitcoin looks unstoppable and every hundred it pumps is worth to hold.

Nellayar

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Roobet supporter and player!

Not at all since I based my bets upon btc or satoshis. I don't mind if bitcoin price goes up or down since there are times that I deposited through fiat. More over, when I am on game. I don't feel my losses since I only play using my excess money. I don't gamble my earnings because I knew that I am not lucky in gambling. Anyway, those who have bitcoins in their gambling wallet will surely happy because even they lost, they have gains due to bitcoin price increasing.

abel1337

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Quote from: jostorres on November 20, 2020, 02:33:59 PM

Quote from: ecnalubma on November 20, 2020, 01:32:48 PM

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

So if BTC price is 1million USD you will still be making the same bets? I don't think so.

I always use USD currency when betting as stake allows to convert your BTC into USD and bet with that, they also have added Euro and JPY recently so it is easier to convert balance into fiat and know how much you are betting because indeed as price rises we sometimes forget that the old 10mBTC is now almost worth double than it was 1 month ago so have to adjust bets accordingly.

I don't know about others but I do change my betting amounts and sometimes style too with change in BTC prices, like if the prices are low I will bet more and actually take bigger risks while if the bull run is going on like right now, I try to bet small and avoid chasing big wins.

I am a gambler that plays based on the bitcoin amount and not on bitcoin value but If we were in the stage of bitcoin price is getting higher and higher up to 1 million USD each, I think I would base on fiat value instead. I'm pretty sure that I won't be able to deposit my regular bitcoin amount into the casino thinking that the fee fiat value is too much. Adjusting the bitcoin amount over time would be necessary for me.

Krislaw

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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.

Webetcoins

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Quote from: ?? on ??

Actually I always have pretty much the same amount to bet and I stick to that limit. However, now when the Bitcoin price is on so high level I don't like to use it much for gambling so J can say that I play s bit less than before
But there are also other options besides Bitcoin as an alternative to bet, so at the moment maybe it's better to use some other coins.

I use TRX and XRP for gambling as they are sensationally fast and there is almost 0 fees on transactions which make them the ideal choice and actually there is not much change in price of TRX if you see recently and it has gone up by around 5-8% which doesn't mean much so my gambling goes as it was going before but if the price ever changes too much I will surely consider changing my betting limits.

Quote from: carlfebz2 on November 20, 2020, 01:31:13 PM

I dont feel like on using up BTC at the moment yet its already too valuable for you to waste up.When it comes on affecting my gameplay then it doesnt really
that much yet as said i have also the limits.

Yes I don't use Bitcoins to bet recently because the transaction fees is high and it is not worth spending $2-3 for a transaction which itself is around $10 so I avoid betting with bitcoins and instead save them while betting goes on with altcoins.

nikola22

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during bitcoin price rise I'm trying to gamble more cafefully because in a short period of time the betting sum could be worth more in USD equivalent. in this case it would be better to choose altcoin for gambling purposes.

jostorres

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Quote from: ecnalubma on November 20, 2020, 01:32:48 PM

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

So if BTC price is 1million USD you will still be making the same bets? I don't think so.

I always use USD currency when betting as stake allows to convert your BTC into USD and bet with that, they also have added Euro and JPY recently so it is easier to convert balance into fiat and know how much you are betting because indeed as price rises we sometimes forget that the old 10mBTC is now almost worth double than it was 1 month ago so have to adjust bets accordingly.

I don't know about others but I do change my betting amounts and sometimes style too with change in BTC prices, like if the prices are low I will bet more and actually take bigger risks while if the bull run is going on like right now, I try to bet small and avoid chasing big wins.

ecnalubma

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www.Artemis.co

It doesn’t matter if how much you bet, don’t matter in what form BTC or USDT gamblers don’t think that way. Their aim is always to multiply their money or just have some fun. It is given that crypto prices are unstable but I think most gamblers can manage it.

Topic: Does Bitcoin price rise affect your gameplay? - page 3. (Read 57296 times)