Does Bitcoin price rise affect your gameplay? - page 9.

Serious475

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Quote from: Bitcasino.io Support on October 28, 2020, 08:53:00 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

If you really are thinking that the price of bitcoin is getting higher and higher, there is a big chance that you are getting too tense and might give you a big problem while you are gambling and that is not a good thing but if you are not getting affected by it then it will never change your game play and you may play same as you play normally. Bitcoin might have a price rise but if you really are a gambling enthusiast, you will never get affected with the value of bitcoin.

Saint-loup

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Quote from: Janation on October 29, 2020, 09:11:04 PM

People should just save their cryptocurrencies.

But the problem is that people don't care about that, as long as they can gamble they are fine. The price increasing would be good for investors but for the gamblers, I don't think so. I did see some changes to the fees in some online casinos in the past when the price increased but I don't know if that also happens these days.

Why are you promoting a casino and posting in this section if you think that? Huh

I disagree with you, people are free to do whatever they want with their cryptocurrencies, moreover cryptocurrencies have value because people are using them.
If evrerybody was just saving their cryptos as you are suggesting, they wouldn't worth anything.

plvbob0070

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Quote from: Janation on October 29, 2020, 09:11:04 PM

People should just save their cryptocurrencies.

But the problem is that people don't care about that, as long as they can gamble they are fine. The price increasing would be good for investors but for the gamblers, I don't think so. I did see some changes to the fees in some online casinos in the past when the price increased but I don't know if that also happens these days.

Gamblers can also still gamble even when the price rises especially if they are willing to spend that specific amount and willing to risk that amount. Although, it's better and a smarter choice to save and hold your bitcoin when the bitcoin price is increasing, others still prefer to gamble regardless of it. And sometimes I am guilty of that, but I always try to limit the amount I use in gambling because I don't want to overspend since my priority is to hold bitcoin than to gamble it.

pinggoki

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Quote from: Smartvirus on October 29, 2020, 09:30:13 PM

Gambling always comes with a 50/50 chance and as such, your acquired risk and wager determines what your estimated win would be but then, increased BTC price is a good thing for betting.

The increasing of BTC price is really a big factor that affects my gameplay, because whenever the price of bitcoin is increasing then the gas or the fees of transferring or depositing the btc to the gambling website is also increasing. In that case if you wager a huge amount of bitcoin or btc then probably the high percentage of chance you may win but on the other hand there is also a percentage that you may lose.

traderethereum

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Quote from: Chrystora123 on October 29, 2020, 10:10:31 PM

Quote from: Bitcasino.io Support on October 28, 2020, 08:53:00 AM

snip..

for me, it does not affect because I have prepared special funds for gambling.. those who are affected by the price of Bitcoin when gambling must be unprepared in terms of funds so that when the price of Bitcoin goes up that person will immediately withdraw all their funds and sell their Bitcoin..

I hope your funds will not be as bitcoin because you can see that if bitcoin price touches the high price, it is better to hold your bitcoin for another high price or you can sell it at that high price.
You can use the altcoin to playing gambling instead of using bitcoin to gamble because I think bitcoin is too worthwhile to use for gambling.
That will be different if you have many bitcoin, you can use your bitcoin to play gambling, and you will not worry if the price rise. Besides that, you will not get an effect on your gameplay.

If a gambler is often playing crypto gambling, I think he will not affect the bitcoin price, even if the price rises higher because he will only want to play gambling. He will have another solution to continue his habit of playing gambling, and he will still use bitcoin or altcoin to gamble.

k@suy

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Quote from: Chrystora123 on October 29, 2020, 10:10:31 PM

Quote from: Bitcasino.io Support on October 28, 2020, 08:53:00 AM

snip..

for me, it does not affect because I have prepared special funds for gambling.. those who are affected by the price of Bitcoin when gambling must be unprepared in terms of funds so that when the price of Bitcoin goes up that person will immediately withdraw all their funds and sell their Bitcoin..

It cannot affect directly but for those who has a lot of funds and loves to play gambling a lot, it has a big effect for them because their the value of their coins will increase and that would be a great opportunity for them to play more since they have a lot of money to spend. But for me who plays gambling just for fun it doesn't matter for me if the bitcoins' value rises or not.

FlightyPouch

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Quote from: DarkDays on October 29, 2020, 05:18:50 AM

Quote from: FlightyPouch on October 28, 2020, 06:47:48 PM

It will not affect my gameplay no matter what. I don't care about the price of bitcoin or any crypto currencies that I am playing, what matters is either I am winning or I am losing. Another thing is that as long as I can gamble with my money, price change won't affect that.

This is a very interesting thought process. I would have thought people would become more apprehensive about gambling with BTC and similar high market cap cryptos due to the potential value it may have in the near future. Imagine gambling with 0.2BTC now and you lose, but in December BTC has reached 18k, wouldn't that make you extremely irritated?

I can't say that I am not affected by that but I will not be irritated by that. If I will be bothered by the price changes of bitcoin I think that would just make it harder for me to gamble and to buy and sell. As I said, as long as I can gamble or as long as I can use my bitcoin, that is fine. And yeah, I already have some mBtc in some sites so I don't actually send another if that also includes in your thoughts. To be honest, if I will not be looking at the price, that amount stays the same.

Chrystora123

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Quote from: Bitcasino.io Support on October 28, 2020, 08:53:00 AM

snip..

for me, it does not affect because I have prepared special funds for gambling.. those who are affected by the price of Bitcoin when gambling must be unprepared in terms of funds so that when the price of Bitcoin goes up that person will immediately withdraw all their funds and sell their Bitcoin..

Smartvirus

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Gambling always comes with a 50/50 chance and as such, your acquired risk and wager determines what your estimated win would be but then, increased BTC price is a good thing for betting. It would create a biased mindset in bettors as the possibility risk of loosing this wagers in betting is always there but then it also has a reverse which is winning. 0.0001BTC remains 0.0001BTC, it's just it's value that has changed so, if you've been eating in a specific amount, BTC price rising doesn't stop you from betting besides, if it raises and pauses at some point, your still going to keep betting with a desire for some increase as it always has been. So do the games and BTC price goes. It doesn't mean much.

Janation

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People should just save their cryptocurrencies.

But the problem is that people don't care about that, as long as they can gamble they are fine. The price increasing would be good for investors but for the gamblers, I don't think so. I did see some changes to the fees in some online casinos in the past when the price increased but I don't know if that also happens these days.

Timelord2067

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If people can gamble one satoshi then they will. if 1sat is worth the equivalent of $1 then they are wagering $1 - if 1 sat is currently worth 1/^100th of one cent, then that is what they are wagering. Some will wager the lowest amoun they can while others will have a set value (be it $1, $5, $25 etc) that they wager. Bitcoin is just the tool to facilitate that wager.

lienfaye

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Well it does affect my gambling activity a bit. But this only applies if I won because its more fun knowing that the value is high and yet I have bitcoin to enjoy. Otherwise it is also depressing to lose bitcoin in gambling in times the price is high, I can only feel these regrets when I lose it all, though I dont gamble often.

maydna

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Quote from: MCobian on October 29, 2020, 03:27:51 PM

With the increase in Bitcoin so fast, of course it had an effect on me when I was going to play gambling. Usually for gambling capital
I convert my fiat into Bitcoin first, with the Bitcoin price rising, affect the amount of Bitcoin I will use for betting to be reduced. So if
gambling sites have a choice of altcoins, I prefer to use altcoins to play gambling.

Many gamblers got an effect on the increase in bitcoin, and many of them are changing their bet from using bitcoin into altcoin. Perhaps, we can use altcoin, which does not increase too high if we want to play gambling. But I think the gambler who has a lot of bitcoin, he will not get the effect of this because he can still use his bitcoin to gamble without thinking about the bitcoin increase or decrease.

But perhaps, it is a good time for us to take a break for a while from playing gambling and try to make more bitcoin as we will make another profit from the increase of bitcoin price.

Oilacris

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Quote from: Fredomago on October 29, 2020, 01:58:21 PM

Quote from: Spack17 on October 29, 2020, 12:31:14 PM

Of course, it does. I play these games to earn money. If Bitcoin is increasing and I have bitcoin, I don't need to play these games. The opposite is also valid. The more the bitcoin price declines, the more I play.

That's the beauty of it, when you are playing using bitcoin and the value rises up while you are in the winning side, the earnings is more enjoyable if you quit in the right time.

But in the other hand if bitcoin rise and you are in need of exchanging your fiat the value of bitcoin will hurt your initial capital.

It's also giving some doubts risking such amount if you are more into converting the value
while playing, it affects you especially if you are very furious with your money.

It has its own pro's and cons but in talks of accumulating bitcoin then it would really be that ideal to play when the value its still on the low side yet if the price tends to increase
then fiat value will surely be on greens.Some of us doesnt really matter on what would be the value on the time we are playing because we do just base of on the current fiat
value before making deposits.

The hassle thing i do find out when market is increasing is that fees is always heading that way this is why i do really switch up to alts to avoid those circumstances.
Fees + transaction time will really be a headache.

MCobian

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With the increase in Bitcoin so fast, of course it had an effect on me when I was going to play gambling. Usually for gambling capital
I convert my fiat into Bitcoin first, with the Bitcoin price rising, affect the amount of Bitcoin I will use for betting to be reduced. So if
gambling sites have a choice of altcoins, I prefer to use altcoins to play gambling.

Fatemablabla

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I'm Matured Now

I think it effects my gambling and betting. I bet with BTC in various football matches. Now bitcoin price is so high. So, if want to make 20$ a day I don't need to win so many bets, where in earlier I need to win extra matches for 20$.(20$ is just a example here). So, yes BTC price have an impact in my gambling experience.

Fredomago

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Quote from: Spack17 on October 29, 2020, 12:31:14 PM

Of course, it does. I play these games to earn money. If Bitcoin is increasing and I have bitcoin, I don't need to play these games. The opposite is also valid. The more the bitcoin price declines, the more I play.

That's the beauty of it, when you are playing using bitcoin and the value rises up while you are in the winning side, the earnings is more enjoyable if you quit in the right time.

But in the other hand if bitcoin rise and you are in need of exchanging your fiat the value of bitcoin will hurt your initial capital.

It's also giving some doubts risking such amount if you are more into converting the value
while playing, it affects you especially if you are very furious with your money.

pankowri

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It makes sense in various ways like if you are a Bitcoin holder and you have some funds and you are also trying to make the amount big then you should try to increase it by hook or by crook. The cryptocurrency market and gambling both are two different ways that can be followed to increase your money. Bitcoin price is increasing which means the market value is getting big. In gambling, you need to make successful bets to increase. So without any risk, Bitcoin holder can be benefited rather than gambler.

Spack17

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Of course, it does. I play these games to earn money. If Bitcoin is increasing and I have bitcoin, I don't need to play these games. The opposite is also valid. The more the bitcoin price declines, the more I play.

daarul50

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Quote from: iamsheikhadil on October 29, 2020, 08:46:51 AM

It does, quite a lot for me. When Bitcoin prices go up, I tend to not play as much as when btc price is really low. Because if the price is around $4k hypothetically for a coin, that means I can get 0.001 btc for $4 only, relatively low and hence I would like to gamble it and try to get more btc so when price goes up, I can have good fortune while when the coin prices go up, I get scared of losing lots of money if am not able to control gambling away my saved coins!

People in the past gamble 100 btc at once like it is nothing , they will realize now that was stupid call.
Yes that shows how the impact of bitcoin price increases makes people tend to hold themselves to not stake the usual amount like before
Regarding the games much harder to win when the priceup is bullshit to me.

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