Does Bitcoin price rise affect your gameplay? - page 6.

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Quote from: Zeke_23 on November 03, 2020, 06:32:13 PM

Quote from: Bitcasino.io Support on October 28, 2020, 09:53:00 AM

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Yes but not in terms of having difficulty in playing or getting a profit,
But it affects most when I do transfer bitcoin to the gambling site. Fees are higher than usual and if I have used a lower fee, it seems like it will take forever to confirm. So I have no choice but to use high transaction fee compared to previous months.

When you read up in most people rely here where they do most concern about the fees and not to its value.We are already presuming
that it will happen once it do increase its price but doesnt mean that each rise will really be having an effect to those people who do really
like to gamble.They can make use of it as they want neither on a clogged network where you do need to pay up fees or simply skip out and
just comeback for another day and might the fees had already normalized again.We having some same approach when this situation do happen.

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Quote from: Bitcasino.io Support on October 28, 2020, 09:53:00 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 but not in terms of having difficulty in playing or getting a profit,
But it affects most when I do transfer bitcoin to the gambling site. Fees are higher than usual and if I have used a lower fee, it seems like it will take forever to confirm. So I have no choice but to use high transaction fee compared to previous months.

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Quote from: Bitcasino.io Support on October 28, 2020, 09:53:00 AM

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.

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Yes definitely, the price increase of bitcoin will makes the investment in gambling is higher for me and most time price will not matter for me in gambling.

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Quote from: johhnyUA on November 03, 2020, 03:11:21 PM

Quote from: Casdinyard on October 30, 2020, 07:27:23 PM

Profit from investing into it will be bigger
and is somewhat less risky perhaps in this situation wherein there is a continuous increase on its market price. But the joy a gambler is having while playing is another thing to consider. But there are other cryptos to be used in gambling if a player is somewhat having guilt of using Bitcoin. Fiat can also be an option of payment method depending on the gambling site you engaged yourself with.

-____-

The same what i talked about. The question was about btc as i know, not about fiat or something like that. Fiat is out of question context.

To play while bitcoin is rising it's not proper decision i think, that's all.

Fiat is very related to this for some people actually. Many people who gamble have in mind the value of the bitcoin for example. if you've been gambling for a week, isn't it likely that you keep an eye on the price now and then? I think several times a day. You still make the link with how much the value is at that moment. Even though the question is indeed about BTC, for many people the value it represents in fiat does play a role when you are gambling. If you gamble in btc, you see your balance in btc but in your head is the actual rate at that time.

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Quote from: Casdinyard on October 30, 2020, 07:27:23 PM

Profit from investing into it will be bigger
and is somewhat less risky perhaps in this situation wherein there is a continuous increase on its market price. But the joy a gambler is having while playing is another thing to consider. But there are other cryptos to be used in gambling if a player is somewhat having guilt of using Bitcoin. Fiat can also be an option of payment method depending on the gambling site you engaged yourself with.

-____-

The same what i talked about. The question was about btc as i know, not about fiat or something like that. Fiat is out of question context.

To play while bitcoin is rising it's not proper decision i think, that's all.

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Quote from: Assface16678 on November 02, 2020, 10:41:19 AM

Quote from: ethereumhunter on November 02, 2020, 10:29:26 AM

Quote from: ice098 on November 02, 2020, 09:56:10 AM

Quote from: Bitinity on November 01, 2020, 04:22:26 AM

It is rare for me to gamble with bitcoin as most of the time I use altcoins due to some reasons. Other than that, I have fixed fund for my gambling activity and I set the fund based on my own local currency. Lets say my budget for a week is $100 and I have to gamble with bitcoin, means that no matter how much is the bitcoin price, it wont affect my budget. The number may different in bitcoin but value stays the same in fiat currency. My betting limit per single bet is also limited to a specific value e.g. $2 max per bet. This makes me able to control my budget/money easier than when I have to set my budget in bitcoin as the value is volatile.

I'm not a full time gambler, i used to gamble once in a month but if i were going to gamble and using bitcoin as a bet i can't do it. I treasure bitcoin and wanted to keep it for a long term investment and i believe that bitcoin were worth to keep on as a long term investment. The volatility of bitcoin makes me aware of the things that i should priority first when it comes to bitcoin. And as i can observe that the price movement of bitcoin does affects the gameplay.

I give you a salute that you gamble once in a month because not many people can gamble just once in a month. It seems you can consider that bitcoin is worth keeping and not using for anything except as an investment. If we really care about bitcoin and want to use bitcoin as an investment, we can keep it for some time and only sell if we have a high target price. But many people use the other coins when they see bitcoin price rise higher because that can affect their gameplay.

It is not actually the gamrplay but rather, the coin to be used in playing. Gamblers are conscious of the things they do. In gambling, losing is more certain and using Bitcoin, if it is having a good time in the market, will more likely contribute to their losses not literally. It is just that they would miss earning profit from holding such coin or investment perhaps. In this case, using other mode of payment will be more advisable but if it does not concern you, there's nothing wrong with using it. Just keep in mind to make actions which will more benefit you.

Gambler not give effective how to make bitcoin have higher or lower price, almost all gamble after win will withdraw and make their fund of bitcoin become cash money, never have word for holding their bitcoin because afraid when hold bitcoin or altcoin assets from jack pot with gambling will use to betting again until loss all his fund, so after winning will take for withdrawing and become cash money. Just trader and investor make bitcoin will have higher or lower price but for gambling is not matter what happen with bitcoin have higher or not.

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Quote from: Bitcasino.io Support on October 28, 2020, 09:53:00 AM

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?

I don't understand why it should affect, since I check coin prices against USD and play that way. If BTC rises so be it, I make same bet with lower BTC amount.

Usually I make x amount of cash, we call that "kasa", then play with it until it reaches the target or fail. For example make a 0.1 BTC kasa and put 0.2 BTC target. Play with that money with whatever your strategy is. You only play with that amount either you get 0.2 BTC or get swept. You wouldn't affect price changes because you already specified your cash amount and put it in a box at the time of BTC/USD rate.

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Quote from: Bitcasino.io Support on October 28, 2020, 09:53:00 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

It honestly affects my gameplay especially when the value of Bitcoin increases too fast. I usually put limits since I have to consider the transaction fees as well as the amount that I'm going to bet because the higher the price of Bitcoin is, the higher the risk that we're facing as well. I get more conscious and more careful if the increase in price is too noticeable.

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Quote

Does Bitcoin price rise affect your gameplay?

It makes me apply an amplification factor to my consideration of winning and losing margins. An extreme example to illustrate the point, but say over a period of time BTC increases in dollar price by 50%. If you start with 1 BTC at $10k, you win 50% so you now have 1.5 BTC... but the dollar value of 1 BTC has increased to $15k... then you now have 1.5*15k= $22.5k worth of BTC. Similarly if you lose 50% so you now have 0.5 BTC, that's now 0.5*15k=$7.5k... so if you are constantly making fiat conversions, then the rising price of BTC might make you believe that your wins are better than they really are, and your losses less severe.

With fiat, $10k becomes either $15k or $5k.
With rising BTC, $10k becomes either $22.5k or $7.5k.

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Increased in bitcoin price does not affect too much of my gameplay. But ofcourse, as the bitcoin price continue to rise, there are many things that I should consider like transaction fees for depositing as well as in withdrawing my funds. It is possible that due to the increasing price of bitcoin, it can also affect the transaction fees and also the value of other cryptocurrency coins. Despite all of that, there is no big changes at all when it comes to my routine or gameplay in gambling.

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If the course moves in the wrong direction, it will. If the bitcoin halves in price and you play in the unit of mbtc or btc, for example, then you still feel that you have lost half of the value in money.
This can have the same effect as hitting tilt, after which radical bets are made that you otherwise wouldn't make. That's the downside of playing in crypto and not fiat.

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Quote from: MI6 on November 03, 2020, 03:37:45 AM

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.

well I think when the price of bitcoin has an up and down movement it will have a direct influence on gamblers and in my opinion the current rise in bitcoin prices is so fast and when I want to use bitcoin to do gambling I think it will be inaccurate and the gambling place should be prepared to solve the problem that and may provide other altcoin options that can be used for gambling. surely the withdrawal fee will also increase and bitcoin transactions will slow down due to the high demand so maybe trying to add altcoins could be one solution.

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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.

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Quote from: Assface16678 on November 02, 2020, 10:41:19 AM

It is not actually the gamrplay but rather, the coin to be used in playing. Gamblers are conscious of the things they do. In gambling, losing is more certain and using Bitcoin, if it is having a good time in the market, will more likely contribute to their losses not literally. It is just that they would miss earning profit from holding such coin or investment perhaps. In this case, using other mode of payment will be more advisable but if it does not concern you, there's nothing wrong with using it. Just keep in mind to make actions which will more benefit you.

I guess you are right on this point. Many crypto gamblers use bitcoin to playing gambling, but many also use altcoin to gamble. If they use bitcoin to gamble, the chance to lose will be the same if they use altcoin. But in this matter, if they used altcoin and still hold their bitcoin, they will still benefit from bitcoin because if bitcoin price can increase and sell it at a high price, they will make a profit, and their losses in the gambling will be covers. But we will select the coin that is fit for us, whether it is bitcoin or altcoin.

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Quote from: ethereumhunter on November 02, 2020, 10:29:26 AM

Quote from: ice098 on November 02, 2020, 09:56:10 AM

Quote from: Bitinity on November 01, 2020, 04:22:26 AM

It is rare for me to gamble with bitcoin as most of the time I use altcoins due to some reasons. Other than that, I have fixed fund for my gambling activity and I set the fund based on my own local currency. Lets say my budget for a week is $100 and I have to gamble with bitcoin, means that no matter how much is the bitcoin price, it wont affect my budget. The number may different in bitcoin but value stays the same in fiat currency. My betting limit per single bet is also limited to a specific value e.g. $2 max per bet. This makes me able to control my budget/money easier than when I have to set my budget in bitcoin as the value is volatile.

I'm not a full time gambler, i used to gamble once in a month but if i were going to gamble and using bitcoin as a bet i can't do it. I treasure bitcoin and wanted to keep it for a long term investment and i believe that bitcoin were worth to keep on as a long term investment. The volatility of bitcoin makes me aware of the things that i should priority first when it comes to bitcoin. And as i can observe that the price movement of bitcoin does affects the gameplay.

I give you a salute that you gamble once in a month because not many people can gamble just once in a month. It seems you can consider that bitcoin is worth keeping and not using for anything except as an investment. If we really care about bitcoin and want to use bitcoin as an investment, we can keep it for some time and only sell if we have a high target price. But many people use the other coins when they see bitcoin price rise higher because that can affect their gameplay.

It is not actually the gamrplay but rather, the coin to be used in playing. Gamblers are conscious of the things they do. In gambling, losing is more certain and using Bitcoin, if it is having a good time in the market, will more likely contribute to their losses not literally. It is just that they would miss earning profit from holding such coin or investment perhaps. In this case, using other mode of payment will be more advisable but if it does not concern you, there's nothing wrong with using it. Just keep in mind to make actions which will more benefit you.

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Whether the price is low or it is in the peak, people continue to gamble once they tasted it. The growth won't make any cause with the gambling sites, because unlike the betting value or the cryptocurrency the revenue is out of the house edge. Only thing that varies when there is growth and decline in the price of bitcoin is the betting value. When the price keeps increasing people prefer spending in USD and when it is low the same is spend in terms of bitcoin or other cryptocurrency.

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Quote from: ice098 on November 02, 2020, 09:56:10 AM

Quote from: Bitinity on November 01, 2020, 04:22:26 AM

It is rare for me to gamble with bitcoin as most of the time I use altcoins due to some reasons. Other than that, I have fixed fund for my gambling activity and I set the fund based on my own local currency. Lets say my budget for a week is $100 and I have to gamble with bitcoin, means that no matter how much is the bitcoin price, it wont affect my budget. The number may different in bitcoin but value stays the same in fiat currency. My betting limit per single bet is also limited to a specific value e.g. $2 max per bet. This makes me able to control my budget/money easier than when I have to set my budget in bitcoin as the value is volatile.

I'm not a full time gambler, i used to gamble once in a month but if i were going to gamble and using bitcoin as a bet i can't do it. I treasure bitcoin and wanted to keep it for a long term investment and i believe that bitcoin were worth to keep on as a long term investment. The volatility of bitcoin makes me aware of the things that i should priority first when it comes to bitcoin. And as i can observe that the price movement of bitcoin does affects the gameplay.

I give you a salute that you gamble once in a month because not many people can gamble just once in a month. It seems you can consider that bitcoin is worth keeping and not using for anything except as an investment. If we really care about bitcoin and want to use bitcoin as an investment, we can keep it for some time and only sell if we have a high target price. But many people use the other coins when they see bitcoin price rise higher because that can affect their gameplay.

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Quote from: Lorence.xD on November 02, 2020, 02:18:49 AM

Quote from: Genemind on November 02, 2020, 02:04:13 AM

It doesn't, as Bitcoin price rises players just need to adjust the amount they bet, I usually compute my bet in the dollar than just the amount of crypto I bet, just to be aware of the risk I am taking each bet. There are times I switch to other alts like XRP or ETH to save withdrawal and deposit fees of the bitcoin price is too high, to save transaction fees.

If you do not mind the money that you are spending when you are gambling then it will not affect you at all, 1 bitcoin is still 1 bitcoin after all. Now, if you are conscious at what you are spending, especially when you are frugal then psychologically it hinders your mindset during your gameplay, there will be that voice at the back of your mind that will voice the regret when you lock in that bet. Regret is a big factor in all of this and if you know for yourself that you feel intense emotion because of regret then the price of bitcoin will affect your game in a subconscious level.

That's the principle. If you don't care about money then there's nothing to affect your gambling activities, you'll continue to play even bitcoin jumped high and have a huge value.

For some it's not healthy but for such a gamblers who really not looking from this, his action will always be on his betting side, gambling will continue whatever it takes, either it's already vice or he's aiming for entertainment.

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Quote from: Bitinity on November 01, 2020, 04:22:26 AM

It is rare for me to gamble with bitcoin as most of the time I use altcoins due to some reasons. Other than that, I have fixed fund for my gambling activity and I set the fund based on my own local currency. Lets say my budget for a week is $100 and I have to gamble with bitcoin, means that no matter how much is the bitcoin price, it wont affect my budget. The number may different in bitcoin but value stays the same in fiat currency. My betting limit per single bet is also limited to a specific value e.g. $2 max per bet. This makes me able to control my budget/money easier than when I have to set my budget in bitcoin as the value is volatile.

I'm not a full time gambler, i used to gamble once in a month but if i were going to gamble and using bitcoin as a bet i can't do it. I treasure bitcoin and wanted to keep it for a long term investment and i believe that bitcoin were worth to keep on as a long term investment. The volatility of bitcoin makes me aware of the things that i should priority first when it comes to bitcoin. And as i can observe that the price movement of bitcoin does affects the gameplay.

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