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. 
Topic: Does Bitcoin price rise affect your gameplay? - page 7. (Read 57331 times)
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.
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.
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.
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.
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.
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. 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.
This is a good tip for someone that always gamble. Most people are opposite, they set their minimum bet in btc value which makes them lose more in the current btc price. They say that their bankroll got smaller because of the price surge but they don't realize it's their bet is the problem. You still win the same amount in USD value if you manage your bet amount properly.
Indirectly yes but many gambling platforms use stable coins for playing games, the fiat value is better and more convenient. Withdrawal fees are higher than normal transaction commissions on casinos, so I wait for the slow network fee option if available. If the casino has the alternative cryptocurrencies for withdrawing balance I avoid paying a high withdrawal fee because paying this fee can hurt my monthly gambling profit at the end. Roobet charges a $6-$8 withdrawal fee per BTC transaction, so I will wait another day for taking my winnings.
The withdrawal fee is probably the biggest negative effect that I get when I gamble in a casino while the price is going up, after all we know the network gets really congested when the price is rising and you are charged a higher fee to get your money out of the casino, when that happens I make sure to only withdraw when the fees on the network are low or I also can take the measure of only depositing in the casino the money that I am completely sure I am fine betting during that week. 
My biggest concern is the fee and the transaction confirmation, it will have an effect on how I use Bitcoin to bet, when there are other options available I will use it, Ripple, Tron, Doge Ethereum, Litecoin are great substitute because of the fee, there's a huge difference between 2 cents and $5 worth of transaction and instant and 5 hours of wait in confirmation.
Still, when bitcoin prices go up, alt coins do as well. I think the author of the thread meant how the value of a coin changes our perspective towards gambling it. For me, prices heavily influence me because I can gamble away fractions of ripples but not fractions of btc!
I guess once the prices moves up?my most concern is my Holdings and i will choose to Play using Fiat for a while since the Bull is still active and it will hurt seeing our coins losing in Gambling when the value is irresistible .
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.
This would be a good example of bankroll management! Never risk more than you can afford to lose! There's a similar topic here in the gambling discussion section: If btc > $150k, will you still gamble it? -https://bitcointalksearch.org/topic/m.55489224
Basically it's what I said there, before when Bitcoin was $150 (at least in my case, when I started) it was normal for me to gamble with whole bitcoin and more, now I rarely deposit more than 0.01-0.02 (usually it's less, this is some maximum for me), and probably in future we will be satisfied with a few mBTC-s deposited when btc price rise insanely!
And you are right about using alts for gambling, I like to gamble with some alts too, and I love it. Some alts have crazy fast transactions and very low fee!
Thank you for creating a topic like this, because it is interesting to have a discussion about the increase in Bitcoin which is likely
to have an effect on gamblers, especially those accustomed to betting using Bitcoin. I who always play gambling using Bitcoin are
affected, especially if I'm lose. The amount of loss I suffered was greater, but because I was comfortable playing gambling using
Bitcoin, I didn't even think about using altcoins. So my gameplay was changed by reducing the amount of stakes I usually use
and for sports betting I played single bets right now.
to have an effect on gamblers, especially those accustomed to betting using Bitcoin. I who always play gambling using Bitcoin are
affected, especially if I'm lose. The amount of loss I suffered was greater, but because I was comfortable playing gambling using
Bitcoin, I didn't even think about using altcoins. So my gameplay was changed by reducing the amount of stakes I usually use
and for sports betting I played single bets right now.
Whenever there is an increase in bitcoin prices, i prefer to bet in other altcoins and not in bitcoin. Although theoretically, we are betting in Satoshis so the usd value should not matter much, but still i feel uncomfortable betting with bitcoin and calculating the price of bet in terms on usd at the back of my mind.
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.
Thank you for creating a topic like this, because it is interesting to have a discussion about the increase in Bitcoin which is likely
to have an effect on gamblers, especially those accustomed to betting using Bitcoin. I who always play gambling using Bitcoin are
affected, especially if I'm lose. The amount of loss I suffered was greater, but because I was comfortable playing gambling using
Bitcoin, I didn't even think about using altcoins. So my gameplay was changed by reducing the amount of stakes I usually use
and for sports betting I played single bets right now.
to have an effect on gamblers, especially those accustomed to betting using Bitcoin. I who always play gambling using Bitcoin are
affected, especially if I'm lose. The amount of loss I suffered was greater, but because I was comfortable playing gambling using
Bitcoin, I didn't even think about using altcoins. So my gameplay was changed by reducing the amount of stakes I usually use
and for sports betting I played single bets right now.
I believe that it may become a hurdle for those gamblers who believe that losing their BTC is costing them huge amounts in fiat and it's true also to some extent, because as BTC is evaluated through fiat, then the gamblers worrying about losing more USD even via losing less amount of BTC when the price rises is obligatory. I don't think it'll make any difference to me though because I love gambling more whenever price rises as I believe in my luck and when I win, I win big. 
I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing).
I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing).Doesn't it hurt if you lose in gambling with the btc at a high price? Do you still enjoy doing it? I gamble for fun also but with the current price, losing in gambling for me is just a waste. Imagine if you hadn't lose anything then btc increases more so the USD value of your money increased too.
If we still hold bitcoin and not use bitcoin for a gamble and bitcoin price increases, we can sell that bitcoin at a high price and make a big profit. But as we know, each person will have different calculations or analyses to use bitcoin or change to the altcoin.
I believe that it may become a hurdle for those gamblers who believe that losing their BTC is costing them huge amounts in fiat and it's true also to some extent, because as BTC is evaluated through fiat, then the gamblers worrying about losing more USD even via losing less amount of BTC when the price rises is obligatory. I don't think it'll make any difference to me though because I love gambling more whenever price rises as I believe in my luck and when I win, I win big. I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing).
I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing).Doesn't it hurt if you lose in gambling with the btc at a high price? Do you still enjoy doing it? I gamble for fun also but with the current price, losing in gambling for me is just a waste. Imagine if you hadn't lose anything then btc increases more so the USD value of your money increased too.
I believe that it may become a hurdle for those gamblers who believe that losing their BTC is costing them huge amounts in fiat and it's true also to some extent, because as BTC is evaluated through fiat, then the gamblers worrying about losing more USD even via losing less amount of BTC when the price rises is obligatory. I don't think it'll make any difference to me though because I love gambling more whenever price rises as I believe in my luck and when I win, I win big. I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing).
I gamble for fun, so it does not matter whether the price increases too much (except if it goes 10x and I see my bankroll to be worth something I may not be able to afford losing). 
I think the only way the increase in the price of bitcoin may affect the game play of any gambler is if such gambler stakes his bets in btc. That he's conscious of the fact he now loses more money if such bets fails. For example, if he stakes 0.001btc when bitcoin was at $10k and still stakes 0.001btc now that bitcoin is almost $14k, he loses more money in dollars now because of the increase in the price of bitcoin.
Personally, I stake in dollars so the price of bitcoin doesn't affect my game play. It doesn't what says the price of bitcoin, my $100 when bitcoin is at $10k is still the same now when bitcoin is at almost $14k
Personally, I stake in dollars so the price of bitcoin doesn't affect my game play. It doesn't what says the price of bitcoin, my $100 when bitcoin is at $10k is still the same now when bitcoin is at almost $14k
My biggest concern is the fee and the transaction confirmation, it will have an effect on how I use Bitcoin to bet, when there are other options available I will use it, Ripple, Tron, Doge Ethereum, Litecoin are great substitute because of the fee, there's a huge difference between 2 cents and $5 worth of transaction and instant and 5 hours of wait in confirmation.
Still, when bitcoin prices go up, alt coins do as well. I think the author of the thread meant how the value of a coin changes our perspective towards gambling it. For me, prices heavily influence me because I can gamble away fractions of ripples but not fractions of btc!
Due to the current spike in transaction fees, I prefer altcoin to bet on gambling. It can help me reduce deposit and withdrawal fees. Gambling sites will also make adjustment when transaction fees are very high and will charge gambler a full withdrawal fee and in my opinion this is undesirable for gambler with very little capital. Just imagine I have to pay a fee of 5-6 dollar for one deposit transaction to a gambling site, it make me a little annoyed.
However, not all gambler need to have the same perception and they have their own way of doing it. Altcoin have helped me reduce fees, which some other gambler may not like. So it doesn't matter because we are not the same.
However, not all gambler need to have the same perception and they have their own way of doing it. Altcoin have helped me reduce fees, which some other gambler may not like. So it doesn't matter because we are not the same.
I think it does because I would have a smaller amount to play with when the price gets high so it would also limit my gameplays.
But it doesn't affect my strategies I would still play how I used to play no matter what the price would be the only thing that would be change is my bets.
But it doesn't affect my strategies I would still play how I used to play no matter what the price would be the only thing that would be change is my bets.
The solution is to play with fiat, so you can always exchange amount that would not exceed your usual funds for playing.
The good thing is that no matter the Bitcoin price passionate gamblers will always find the way and funds to play, whether in cryptocurrency or fiat.
If you don't want to think more then choosing this option will always be the best. Likewise, gamblers always find ways if they are really engage then there's always solution to continue.
But if you are also concern with the converted amount, inside your mind there's also some impact if you are using bitcoin with a currently high value.
Your money your call, everyone have their own interpretations in case you are really attached to
this system, touch call depends from your intentions of playing.
I think it does because I would have a smaller amount to play with when the price gets high so it would also limit my gameplays.
But it doesn't affect my strategies I would still play how I used to play no matter what the price would be the only thing that would be change is my bets.
But it doesn't affect my strategies I would still play how I used to play no matter what the price would be the only thing that would be change is my bets.
The solution is to play with fiat, so you can always exchange amount that would not exceed your usual funds for playing.
The good thing is that no matter the Bitcoin price passionate gamblers will always find the way and funds to play, whether in cryptocurrency or fiat.
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 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
I have one question:
The bets are actually dependent on us , the value is something that we set , we have an option there and it changes every once in a while but shouldn't the overall condition stay same ?
If bitcoins are expensive I believe it's better for the user since he is actually capable of making more bets with the same amount of bitcoins in the wallet.
Plus if bitcoins is climbing up :
I would rather not bet and keep the bitcoins in an exchange+ wallet and be ready for a descent trade.
- I believe even if you didn't wait for the price to be stable you would be able to still enjoy a descent game because you can adjust the value anytime and they have a realtime calculator of amount in USD.
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