It don't effect much to my gambling habit otherwise it could simply effect to the amount of my base bet. I think i will decrease the basebet if the price is raising.
That's really the point when btc rise the actual base bet would be affected for those who care about their money, I think only heavy gamers and rich people who's not caring about money can continue playing using same base bet as they got a lots of money to consume while enjoying their habits. 
Topic: Does bitcoin's price volatility affect your gambling habits? (Read 3050 times)
December 26, 2017, 04:23:52 AM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Your thinking in my opinion is totally wrong. People will continue to gamble with Bitcoins because playing with bitcoins can make more profits than playing with some real cash. Also the price of bitcoins is fluctuating in market all the time. But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
People leave playing gambling with bitcoins when its price suddenly rises because no one is willing to lose his bitcoins because they are going to be very helpful as all the trading is going to be done with BTCs in future.
December 26, 2017, 04:10:28 AM
It don't effect much to my gambling habit otherwise it could simply effect to the amount of my base bet. I think i will decrease the basebet if the price is raising.
December 26, 2017, 03:56:18 AM
So does this factor affect how you gamble?
If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?
If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?
If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?
If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?
In some ways it affects on how we approach the game if the bitcoin value is lower some tend to play it more aggresively or sometimes safe because they want to keep their coins while if it is higher all risks are much higher and that is accounted for
Also these gambler think that online gambling is difficult or in natural type of thing in which they cannot express all of the skills they have got which totally makes them unaware about online gambling and BTCs are involved in online gambling so they don’t care about BTCs’ price.
December 21, 2017, 11:23:44 PM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Your thinking in my opinion is totally wrong. People will continue to gamble with Bitcoins because playing with bitcoins can make more profits than playing with some real cash. Also the price of bitcoins is fluctuating in market all the time. But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
People leave playing gambling with bitcoins when its price suddenly rises because no one is willing to lose his bitcoins because they are going to be very helpful as all the trading is going to be done with BTCs in future.
December 21, 2017, 01:00:07 AM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Your thinking in my opinion is totally wrong. People will continue to gamble with Bitcoins because playing with bitcoins can make more profits than playing with some real cash. Also the price of bitcoins is fluctuating in market all the time. But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
People leave playing gambling with bitcoins when its price suddenly rises because no one is willing to lose his bitcoins because they are going to be very helpful as all the trading is going to be done with BTCs in future.
December 18, 2017, 09:04:18 AM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Not on most cases because there are still some gamblers who dont actually care at all on their bitcoin to be spend on playing gambling and basing on its value it automatically adjusted on fiat value which means it doesnt generally affect on how we do gamble since we can anytime make basis on the amount based on fiat but if we do talk into other thing like valuing your bitcoins then it would be an another story.But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Yep, maybe true gamblers won't bother too much with the price changing. All they know is just gambling and gambling. But for most users who do gambling just an alternative way to collect bitcoin, I am sure they will adjust their gambling behaviour to reflect the price increase or even uses other altcoins to fulfill their habits.
December 18, 2017, 07:07:22 AM
If you are looking at the price conversion when gambling btc you will be more likely to change how much you are gambling. I'm sure 5 years plus ago people would not have thought twice about gambling full bitcoins.
December 18, 2017, 05:49:44 AM
It depends on the final goal. But in normally you should lower your bets if bitcoin goes up just not to lose all of your earnings.
December 18, 2017, 05:41:42 AM
I think so. The limit depends on your decision how much to save or to bet. The low and high of bitcoin price does not really follow that when high price you will bet higher. Other wise, when the price is lower you will bet lower. Both situations have significance. I mean, when you bet at low meaning if you will loss it would lesser value. If you win at lower price it would be lesser value. So I guess its best to bet at high price to earn more the value. Its just simply winning at high price and loss at lower price.
When we buy bitcoin we always consider the amount we are buying and of course we understand the price volatility so we should cash out very soon the moment we will win, that's what I really do when I was just a pure gambler because my interest in using bitcoin is just to use it as a payment system. Now, that I am also a trader, I just put a little amount to gamble because I believe I can make more profit by holding my precious bitcoin. December 18, 2017, 05:27:06 AM
I think so. The limit depends on your decision how much to save or to bet. The low and high of bitcoin price does not really follow that when high price you will bet higher. Other wise, when the price is lower you will bet lower. Both situations have significance. I mean, when you bet at low meaning if you will loss it would lesser value. If you win at lower price it would be lesser value. So I guess its best to bet at high price to earn more the value. Its just simply winning at high price and loss at lower price.
December 18, 2017, 02:42:52 AM
I'm lowering the amount of Bitcoin I bet when the prices are increasing like crazy. And also some Gambling site was lowering the amount of minimum bet (like nitrogensports, etc). So yeah I definitely bet less than I usually do.
Since btc is too expensive to spend now, i usually bet before in btc value, but now before I put bet i tried to calculate if ever converted in our fiat value, seeing how much I bet before by just picking in btc amount before, I can really say that everyone decrease their amount of bets now that btc is way too high. December 17, 2017, 10:04:50 PM
So does this factor affect how you gamble?
If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?
If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?
If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?
If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?
In some ways it affects on how we approach the game if the bitcoin value is lower some tend to play it more aggresively or sometimes safe because they want to keep their coins while if it is higher all risks are much higher and that is accounted for
December 17, 2017, 03:04:54 PM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
I will not be surprised at all, that's why a lot of these cryptocurrency based gambling websites have now started accepting altcoins on their websites now, if not they were going to lose their markets to those who accepted them. But to those who are seriously addicted, they wouldn't even care one bit whether its low or high as long as they are gambling. But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
December 17, 2017, 12:32:35 PM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Not on most cases because there are still some gamblers who dont actually care at all on their bitcoin to be spend on playing gambling and basing on its value it automatically adjusted on fiat value which means it doesnt generally affect on how we do gamble since we can anytime make basis on the amount based on fiat but if we do talk into other thing like valuing your bitcoins then it would be an another story.But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Yep, maybe true gamblers won't bother too much with the price changing. All they know is just gambling and gambling. But for most users who do gambling just an alternative way to collect bitcoin, I am sure they will adjust their gambling behaviour to reflect the price increase or even uses other altcoins to fulfill their habits.
December 17, 2017, 12:26:32 PM
Certain. Now, my basebet lowered since bitcoin value shot high. Because, my goal to gambling bitcoin is to get extra cents.
December 17, 2017, 12:15:20 PM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
Not on most cases because there are still some gamblers who dont actually care at all on their bitcoin to be spend on playing gambling and basing on its value it automatically adjusted on fiat value which means it doesnt generally affect on how we do gamble since we can anytime make basis on the amount based on fiat but if we do talk into other thing like valuing your bitcoins then it would be an another story. But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
December 17, 2017, 11:53:06 AM
I think many people might quit gambling with bitcoins due to its high price,and many want to hold their bitcoin for future purpose or for more profits.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
But still we can gamble with cheap altcoins available on the market so it saves our money and also feed our gambling addiction.
December 17, 2017, 04:34:33 AM
Yup, it definitely does. I guess that's one good thing about the volatility of Bitcoin. Despite the low rates, you can make the most out of it especially in gambling. It feels like you don't have to bet on your usual rates, instead with low Bitcoin rates, you get to have more games to play. However, this also affects your winnings. I noticed that when you have a low range of bet, your winnings wouldn't be as high as they were. Either way, you get to have more rounds and more chances of winning no matter what.
December 16, 2017, 01:26:49 AM
So does this factor affect how you gamble?
If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?
If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?
Despite the fact that am yet to fully start putting my money into gambling one will need not to be told of what to do when the market value of bitcoin is has increase before your bets rate so that it will conform with the rate or percentage at which use to bets before the increase in bitcoin value.If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?
If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?
However, the amount of bet completely changes when the change in price is found. Gamblers who played with double amount change them into single amounts and vice versa.
They are well aware of all the rise and fall of the prices of BTCs because they cannot risk their money in order to have little or no knowledge. Only those gamblers are not aware about the rise and fall of BTCs’ price in market that do gambling for fun seeking.
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