Does Bitcoin price rise affect your gameplay? - page 4.

carlfebz2

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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.

Specially now that i had sell off my bitcoins since the price is already almost to its ATH then i do skip out on using bitcoin at the moment for my gambling activities
but instead i do make use of some alts like XRP and DOGE.

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.

When i do saw that price is way too high then i do skip out and go for the alternative ones.

South Park

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Quote from: Fredomago on November 18, 2020, 02:53:54 PM

Quote from: ronaldo40 on November 15, 2020, 02:32:50 PM

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

True. Once you see the value of your bitcoin to USD there's somehesitations inside your mind, most when you play luck based gambling, something inside may interrupt your game. By disabling that function though will allow you to continue without any interruptions as long
as you are ready to take the risk and accept your fate whatever happened the results may be.

But it's always the gambler who can decide or who take it from there, if they are not really care about bitcoin value there's nothing
that they care about and they will proceed accordingly.

But this is a bad idea, most people when making bets in bitcoin are still thinking on the value in terms of dollars that this represents, if for example you are comfortable taking a risk with 50 dollars each week on a casino and then the price of bitcoin doubles and you are still making the same bets regardless of the value of bitcoin in terms of dollars now you have doubled your risk for no good reason, this is why people are a little bit more shy when it comes to betting when the price is skyrocketing because they want to maintain the same risk that they had before all of this happened.

Lanatsa

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Quote from: Fredomago on November 18, 2020, 02:53:54 PM

Quote from: ronaldo40 on November 15, 2020, 02:32:50 PM

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

True. Once you see the value of your bitcoin to USD there's somehesitations inside your mind, most when you play luck based gambling, something inside may interrupt your game. By disabling that function though will allow you to continue without any interruptions as long
as you are ready to take the risk and accept your fate whatever happened the results may be.

But it's always the gambler who can decide or who take it from there, if they are not really care about bitcoin value there's nothing
that they care about and they will proceed accordingly.

It doesn't matter if you do depend on USD price yet bitcoin or satoshi will be equaled to that and it doesn't matter if the price is high yet it will just equaled on what you do need.

Somehow you would hesitate on spending up when its already too expensive or valuable but it doesn't matter in most cases because when you do gamble you don't mind too much into your investment side.

You would really just spent out neither on altcoin or bitcoin itself.It doesn't matter.

Fredomago

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Quote from: ronaldo40 on November 15, 2020, 02:32:50 PM

it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

True. Once you see the value of your bitcoin to USD there's somehesitations inside your mind, most when you play luck based gambling, something inside may interrupt your game. By disabling that function though will allow you to continue without any interruptions as long
as you are ready to take the risk and accept your fate whatever happened the results may be.

But it's always the gambler who can decide or who take it from there, if they are not really care about bitcoin value there's nothing
that they care about and they will proceed accordingly.

covfefe_

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Quick fluctuations and high price surely affects people depositing in the gambling site. When the prices itself is a gambling, crypto enthusiast would have fun watching the price movement. (My current situation) Cheesy

To be more realistic, most of the gamblers calculate their gambling investment/expenditure in USD rather than bitcoins. Sudden rise in price would make them hesitant to buy bitcoin to gamble.

sayaya17

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Hi Karl, my eyes are on your thread. To be honest, this is a very interesting topic, so allow me to join the discussion here.
By the way because I used to play the game using bitcoin, with the rise in the price of bitcoin, this makes me confused if I gamble using bitcoin.
Because the current increase is so fast, so when I convert my fiat to btc, the amount of satoshi becomes reduced because the price is already expensive.
However in gameplay, I keep using btc, but with caution, because it’s big money of course. However big it is, come back again how much we bet.
Well, if btc still goes up uncontrollably, maybe I will also play the game using altcoins, such as ethereum, LTC or DOGE. That depends, if the site provides an alternative altcoin other than bitcoin. But that doesn’t mean I’m going to move to altcoin forever, I’m going to play the game with bitcoin as well.

ronaldo40

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it doesn't affect me if the coins i see is just bitcoin but there are some casinos out there wherein it lets you view your bitcoin to usd and it makes me think of betting it or not sometimes i just turn off the view in usd option so it would not affect on my gameplay.

South Park

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Quote from: sotoshihero on November 10, 2020, 09:10:24 PM

Quote from: 7788bitcoin on November 10, 2020, 02:54:21 PM

Quote from: South Park on November 10, 2020, 02:32:35 PM

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

I will admit that the recent substantial growth that we have seen in the market of bitcoin has affected my gambling a little bit, and it makes sense really when you think about it, the price of bitcoin is going up very rapidly and there is a potential that is going to go up even more so it is natural to not want to spend your bitcoin when that is the case and when you add the huge fees that you needed to pay to make a transaction then that makes it easier to keep holding your coins.

onecall123

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Quote from: sotoshihero on November 10, 2020, 09:10:24 PM

Quote from: 7788bitcoin on November 10, 2020, 02:54:21 PM

Quote from: South Park on November 10, 2020, 02:32:35 PM

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

Bitcoin price soaring up again as well transaction fees having skyrocketed, it charges around 5$ to 10$ or may vary on current demand of network fees over the last couple of months. Technically it's smart move make withdrawal any other alternative currencies to reduce big network fees and become profitable when you're moderate user.

yazher

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Quote from: sotoshihero on November 10, 2020, 09:10:24 PM

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

As you said Altcoins like XRP is really helpful when the price of BTC is rising and the current price of XRP doesn't give us some hard time to transact with it. unlike bitcoin and sometimes ETH does have some high transaction fees. When you spend them like spending on transaction fees the payment doesn't make any sense at all. since you have so many options like converting it to XRP before sending it to your own wallet, you can discount a decent amount of money.

Fundamentals Of

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Quote from: sotoshihero on November 10, 2020, 09:10:24 PM

Quote from: 7788bitcoin on November 10, 2020, 02:54:21 PM

Quote from: South Park on November 10, 2020, 02:32:35 PM

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

It looks expensive but you can always play the same amount in USD with Bitcoin, Doge, Litecoin, or XRP. It actually does not matter which cryptocurrency you are playing with if you just want to play a fixed amount of dollar in every bet. But like you said sometimes it really feels like if you lose Bitcoin you are losing a lot. Perhaps it has something to do with the very high prospect of Bitcoin's growth in the future.

sotoshihero

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Quote from: 7788bitcoin on November 10, 2020, 02:54:21 PM

Quote from: South Park on November 10, 2020, 02:32:35 PM

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.

Fatunad

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Quote from: South Park on November 10, 2020, 02:32:35 PM

Quote from: Oshosondy on November 07, 2020, 02:17:37 PM

Quote from: South Park on November 06, 2020, 01:36:27 PM

I have seen the same, people are complaining that the fees are too high and it is taking a very long time to get a confirmation and without it they cannot gamble at all, while some may not consider this to be a problem if you are looking to make a transaction with a low amount of bitcoin it is entirely possible the transaction cost is going to be bigger or at least be a significant part of the value you are trying to send in which case it does not make a lot of sense to send that money over to the casino.

You are right, the transaction cost is another issue, but, as of recent, paying $2 to $3 worth of bitcoin as fee is not bad at all to transfer $100 or more, this is the range of low transfer fee for now, within 2 to 3 hours, the transactions will be confirmed. But, if the people not satisfied with that, they can make use of altcoins like litecoin as payment.

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

One of the pros when you do use up DOGE and other coins which have cheap value is that you would able to make up bets with lots of coins but in reality its just really that cheap thats why it happens
but i do agree on the feeling that it gives that you are believing that you are hell of a rich guy who have tons of coins but well its just a feeling.lol. On the question of bitcoin price rise affect my gameplay?
No it doesnt because im not depending into its satoshi count but always basing up on the fiat value and if in the past i do play with 10 bucks equivalent to btc then thats still im doing at the moment.

Lucasgabd

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There's no need to be upset

imho it's much easier to separate part of money for betting and consider the first value you sent, USD to USD or BTC to BTC.
if you keep gambling money separate from trading or investment money bitcoin price changes shouldn't affect your view on that.

but of course, if you have to sell btc for some reason and consider that the first btc to sell would be the one on gambling websites, could be a possibility.

7788bitcoin

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Quote from: South Park on November 10, 2020, 02:32:35 PM

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

South Park

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Quote from: Oshosondy on November 07, 2020, 02:17:37 PM

Quote from: South Park on November 06, 2020, 01:36:27 PM

I have seen the same, people are complaining that the fees are too high and it is taking a very long time to get a confirmation and without it they cannot gamble at all, while some may not consider this to be a problem if you are looking to make a transaction with a low amount of bitcoin it is entirely possible the transaction cost is going to be bigger or at least be a significant part of the value you are trying to send in which case it does not make a lot of sense to send that money over to the casino.

You are right, the transaction cost is another issue, but, as of recent, paying $2 to $3 worth of bitcoin as fee is not bad at all to transfer $100 or more, this is the range of low transfer fee for now, within 2 to 3 hours, the transactions will be confirmed. But, if the people not satisfied with that, they can make use of altcoins like litecoin as payment.

This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.

perla

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Well it doesn't really affect me that much but I reduce my bet but not that much so I think that's the only effect of the Bitcoin's price to my gambling habit but for the gameplay. It's still the same.

Question123

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Yes as of now it's effect my gaming play because the value of the bitcoin is rising it's hard for me to spend the bitcoin amount because the value is rising and once I lose my bitcoin in playing gambling more of my money gone.

Decrease the amount of bitcoin that we use becauss the price is rising and we need to be vigilant of using it because when player play sometimes they did not notice that bitcoin is a huge money they think once they use it is only a coin but actuall there is a huge convertion of that coin so always spend it wisely.

BestBitcoinCasino

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One of the advantages of playing with crypto is that you have option to do all the transactions from and to your wallet, so you're just technically playing with BTC for example without worrying about its conversion. So in this case, no it doesn't. The same cannot be said, however, if you're playing in a Bitcoin-friendly casino that simple converts your BTC deposit to fiat and fiat withdrawals to BTC. This is where most players become more conscious about the BTC price imo

fishbonez11

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Quote from: qwertyup23 on November 02, 2020, 12:48:08 AM

Nope.

I mainly gamble using my fiat and other online currencies. There were times that I used my bitcoins as a fund for online gambling but nowhere did I exceed spending more that what I have initially planned for. Bitcoins are too precious for me to just gamble them away and I would opt to invest them than to use them for gambling. Being a currency that is scarce and difficult to acquire, the potential of investment is just too difficult for me to let go.

Quote from: fishbonez11 on November 01, 2020, 09:04:22 PM

Quote from: pungopete468 on October 28, 2020, 11:08:27 AM

I don't really think it affects on how I play in gambling casinos and sports betting my bet is still the same as before I think that's the great thing in playing with cryptocurrency I just consider them as playing token and doesn't care about its price so I think no matter what price it is low or high as long as there's no change in the minimum or maximum bet on a casino or sports betting site it wouldn't affect my game play.

Agree with this, when betting you see bitcoin as it is not as a dollar. The change in price will only matter when you have to convert to convert your bitcoin to fiat. If you are more concern with the value, its better if you will allocate an amount you'll spent for the game, this will cause you not to think more of the bitcoin price since you set in mind that this is the particular amount you'll only use. But actually, the in price doesnt affect so much.

The problem that I had when I tried gambling with bitcoins was the withdrawal fee from these gambling sites. They were just too expensive and significantly high that heavily discouraged me from gambling away my bitcoins. That is why I opted to choose fiat or altcoins to gamble instead of bitcoin due to the high transaction fees that occurred.

Its either you just keep it there or spend good amount to withdraw. Another option would be to optimise your transaction fee, the downside is getting it late. The greater fee you spend, the instant transaction will be. Using Fiat or altcoin is a good move, there are altcoin that demands really small amount of fee.

Topic: Does Bitcoin price rise affect your gameplay? - page 4. (Read 57331 times)