It is relative if you operate in a 100% bitcoin betting environment and you are not interested in a withdrawal to fiat, the price is only a query.
But if you are a player who subsists between the two worlds, bitcoin and fiat, you may suddenly want to make adjustments according to your goals in fiat currency.
And you may find that you need to make adjustments to the size of your bets. In my case I am still the same, I base my bets on 1: 100 of what I have destined to bet.
Topic: Does Bitcoin price rise affect your gameplay? - page 5. (Read 57331 times)
Normally, I prefer to wait for stable or flat market prices in order to withdraw the funds from crypto casinos. If the BTC rate is fixed on the website or the system automatically converts the crypto to floating coins, I will not hesitate to do what I was doing before the uptrend/downtrend. The 30% increase in the market can change my mind but it is meaningless to take gambling seriously if there is an opportunity on the trading crypto markets.
Bitcoin price is not a problem to me at all even if it continues to increase it's price as it is my hobby to gamble and I am already
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.
Indeed, it could not be a problem but for a new gambler in the cryptoworld maybe it does. Yes it can affect I think starting the amount of bitcoin to be bet. And the transaction fee will increase I think as well, so maybe I will reduce my bet in a bit, and everytime I will win I will make it half and save the other half of it. Bitcoin price will motivate me to gamble more, but it will take a risk because if you lose the price equivalent in usd is not the same before. aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.
Yes, it's quite a tricky situation. One the one hand Bitcoin price rise motivates us even for more gambling and on the other that same reason plus increased fees might influence our habbits in terms not to spend Bitcoin for gambling.
If the price continues to rise I think I might gamble less in crypto casinos.
I bet normally, I do not see any issue bitcoin price increase is given at all, I have a percentage price I bet with, I convert the dollar to btc first before making betting.
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. 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.
Some gamblers think if the price is so expensive it would be difficult to get profits.
Realistically bitcoin or crypto in general is highly volatile and even if bitcoin was at $5-6k range it still could go down at anytime if the concern is that bitcoin being this much up in the last few months means it could now dump in price suddenly and you would lose USD, if you're so concerned with bitcoin price you should maybe withdraw and exchange to Fiat more often, that's why I think it would be way better if more casino websites had a built-in exchange so that the user could exchange their balance to USD at anytime, or they could just give you an option so that you can turn the bitcoin you're depositing to USD at the time of arrival and when it is confirmed so you don't lose any Fiat due to the price changes if you don't want to.
Some gamblers think if the price is so expensive it would be difficult to get profits.
How about you?
If Btc price is expensive, so does the transaction fees.
There were numbers of gamblers who has been struggling to put Btc into the gambling website due to high transaction fees and clogged mempool. It has been greatly affecting them for missing some of the game and sports they like to bet because of the confirmation waiting time which usually takes a short while with minimal transaction fees, but It's different today when Btc is rising.
I don't see anything difficult in making profits during Btc bullrun, IMO it's still the same, the only that's changed was the value of the fractions of Btc that you're betting.
No, I gamble base what I will achieve from the game. I don't care about the fees either high or low what I care is to make sure I win the game successful. Recently many gambler are now gambling because of bitcoin rise thinking, that is the easy way to win.
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
Absolutely yes because my gambling coins are always stays in gambling sites that i use to play meaning i sometimes add crypto each time i had extra money to spare so everytime i wanna play then i have some amount to spend.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
meaning that those coins might be bought when the price is too low?or in the middle so when time comes that Bitcoin price rose high then what i will do first is to take those crypto out and convert to Fiat.
Then i will decide to buy Cheap coins to use for gambling bets?or maybe use fiat and play in Fiat running casino just to release my eagerness to gamble.
At some point yes it affect my gameplay especially my bankroll due to the price rise of the Bitcoin the transaction was also increased and in other words my bankroll was also reduced due to withdrawal and deposit of my Bitcoin to the gambling website but in terms of gameplay I still play the same way and there's no huge changes in my game style.
Gamblers will still keep gambling no matter how much is the price of Bitcoin, but we can't deny also that some will tend to limit their fund to gambling due to the fees increase. yeah, it possible the volume of gamblers will be lowered down and affects the bankroll. If the situation will keep rolling high, I'm in no doubt that more gamblers will stop gambling just to save the fees and wait for the price to dump especially for casual gamblers.At some point yes it affect my gameplay especially my bankroll due to the price rise of the Bitcoin the transaction was also increased and in other words my bankroll was also reduced due to withdrawal and deposit of my Bitcoin to the gambling website but in terms of gameplay I still play the same way and there's no huge changes in my game style.
Gamblers will still keep gambling no matter how much is the price of Bitcoin, but we can't deny also that some will tend to limit their fund to gambling due to the fees increase. yeah, it possible the volume of gamblers will be lowered down and affects the bankroll. If the situation will keep rolling high, I'm in no doubt that more gamblers will stop gambling just to save the fees and wait for the price to dump especially for casual gamblers. 
Thanks to metamask, decentralized casinos and many other stuff, we have seen basically a lot of people who moved to using their ETH to gamble via connecting with their wallet (ie : metamask) and gamble in and out very quickly. Which shows that bitcoin price does have an affect a bit on the price, but the reality is that ETH has a lot more impact or will have more impact if you ask me.
The people who care about the price will not be the majority, most of us care about the dollar terms and I do not care how much it reflects on the bitcoin amount, with this new casino dapps plus being able to focus solely on the dollar terms we are talking about nothing really drastic when price of bitcoin changes, it is something we all come to expect from bitcoin to move anyway so we take that risk while gambling.
The people who care about the price will not be the majority, most of us care about the dollar terms and I do not care how much it reflects on the bitcoin amount, with this new casino dapps plus being able to focus solely on the dollar terms we are talking about nothing really drastic when price of bitcoin changes, it is something we all come to expect from bitcoin to move anyway so we take that risk while gambling.
Gamblers always a gambler
It will not stop gambler from playing gambling, no matter if bitcoin price rise. With the bitcoin price now has been a rise, I guess many gamblers still playing their favourite gambling games.The gambles have many other options that can be used for the bet if they worry about seeing their bitcoin amount reduced.
Even if the gambler adjusts their amount to bet, they don't stop it because they like to playing gambling.
Maybe they don't think about winning and losing because they want to enjoy the moment in playing gambling.
Well some uses ripple or doge when this kind of situation happens because congestion happens in Top currencies and it is the Fee that will hinder you to withdraw,having cheap coins means cheap fee and faster withdrawals.
I prefer to use doge than a ripple. Although both ripple and doge has a low fee, I still like to use doge.Using cheap coins will be a solution to playing gambling if we don't want to use bitcoin to place a bet.
The price of bitcoin rises, and that can cost us to pay a high fee which we can avoid by using the altcoin.
Bitcoin price is not a problem to me at all even if it continues to increase it's price as it is my hobby to gamble and I am already
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
actually the concern of most wanna profit is when they converted the coins into fiat,since the Crypto on their accounts increased the value then better sell them off to fiat and start gambling using fiat,the difference is bigger because the value in Fiat might be doubled when the prices goes up.aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.
Well some uses ripple or doge when this kind of situation happens because congestion happens in Top currencies and it is the Fee that will hinder you to withdraw,having cheap coins means cheap fee and faster withdrawals. more option about the currencies that they are going to use in betting like USDT and etc.
Bitcoin price is not a problem to me at all even if it continues to increase it's price as it is my hobby to gamble and I am already
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.
Indeed, it could not be a problem but for a new gambler in the cryptoworld maybe it does. Yes it can affect I think starting the amount of bitcoin to be bet. And the transaction fee will increase I think as well, so maybe I will reduce my bet in a bit, and everytime I will win I will make it half and save the other half of it. Bitcoin price will motivate me to gamble more, but it will take a risk because if you lose the price equivalent in usd is not the same before. aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.
As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers.
Hi shield132,
Thanks for your interest in sharing our experience in price changes.
Based on our observations when crypto prices moved up and down a lot more: 80% of customers are price insensitive (BTC price hasn’t impacted their gameplay), 15% price sensitive (they have reduced bet size) and 5% inverse price sensitive. In Bitcasino it's possible to play in both mBTC and uBTC. As 1 mBTC = 1000 uBTC, you can make smaller bets using that. And if you are focused on USD price, you have an option to play with Tether since 1 USDT equals 1 USD all the time.
Cheers,
Karl
Bitcasino.io
Gamblers always a gambler I guess, if they are using bitcoin then most of those gamblers will continue based from your own
observations there's no big impact as expected.
Same game same amount of money to play in, that's most gamblers do only those who are not engaged that much will be more sensitive and will adjust accordingly.
And with that stats, it's only proves that gamblers behaviors are not affected with any certain
changes in terms of value, it will continue as it is bitcoin still bitcoin.
Bitcoin price is not a problem to me at all even if it continues to increase it's price as it is my hobby to gamble and I am already
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.
aware of the risk that I am going to face. I wonder also why other players are thinking that the price increase will affect their profits
in gambling as it will not matter as long as we will be using bitcoin in betting.
But if there will be many gamblers that are worried about the bitcoin price then it will be good if the casino owners will give the players
more option about the currencies that they are going to use in betting like USDT and etc.
As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers.
Hi shield132,
Thanks for your interest in sharing our experience in price changes.
Based on our observations when crypto prices moved up and down a lot more: 80% of customers are price insensitive (BTC price hasn’t impacted their gameplay), 15% price sensitive (they have reduced bet size) and 5% inverse price sensitive. In Bitcasino it's possible to play in both mBTC and uBTC. As 1 mBTC = 1000 uBTC, you can make smaller bets using that. And if you are focused on USD price, you have an option to play with Tether since 1 USDT equals 1 USD all the time.
Cheers,
Karl
Bitcasino.io
As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers. From my perspective and experience, I can tell that when the price rises, users usually try to hold it instead of spending. Also, most of the times users build a strategy according to current price of bitcoin in USD. If I can do 100 bet of 0.0001 bitcoin and it worths 0.01 BTC (140 USD), then tomorrow I won't be able to bet the same amount because bitcoin's price has risen up to 20K (for example) and I have to bet lower amount cause I focus on USD. But most of the users bet lowest possible bet, so in this case, it happens like these users gamble less because they can't afford more when the price of BTC is high.
Some players shift to other cryptos like eth or ltc to continue their habit everyday. Though the USD profit may not that big I've seen some gamblers actually do that. Profit doesn't matter that much to them as long as they can gamble with the amount they can spend.
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
As I see you are the representative of bitcasino.io on this forum. Your casino is pretty famous, right? And you aren't new on this forum, I am right again, so, I think it wouldn't be a bad move from you to share some experience because you carry a lot of data about gamblers. From my perspective and experience, I can tell that when the price rises, users usually try to hold it instead of spending. Also, most of the times users build a strategy according to current price of bitcoin in USD. If I can do 100 bet of 0.0001 bitcoin and it worths 0.01 BTC (140 USD), then tomorrow I won't be able to bet the same amount because bitcoin's price has risen up to 20K (for example) and I have to bet lower amount cause I focus on USD. But most of the users bet lowest possible bet, so in this case, it happens like these users gamble less because they can't afford more when the price of BTC is high. 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
looks like it won't have a big effect on my gameplay...
I will definitely continue playing normally on the site. maybe I will not deposit or WD with Bitcoin because the possibility of the fee being charged will be high.
I will definitely continue playing normally on the site. maybe I will not deposit or WD with Bitcoin because the possibility of the fee being charged will be high.
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