Does bitcoin's price volatility affect your gambling habits? - page 3.

szpalata

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Quote from: BUK2016 on December 10, 2017, 03:20:31 PM

Quote from: LuanX3 on September 08, 2017, 06:37:14 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.

It doesn't directly affect them anymore because most of my current bets are done in the equivalent bitcoin of the US dollar and so no matter how high or low the value of bitcoin i am staking the fixed US dollar equivalent and not a fixed satoshis.

BUK2016

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Quote from: LuanX3 on September 08, 2017, 06:37:14 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.

audrey12

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Yes because when you start gambling lets say you only have $100 as a capital let's say acquire it three months ago with the current pricing of bitcoin today and you still have that capital that would be good enough because you don't do anything then your money appreciate and so the other thing around happen if btc price drops. The higher the value of bitcoin the more it triggers a player to do gambling

Caladonian

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Quote from: LEINADbtc on December 08, 2017, 05:55:39 PM

It affects me.
Some casinos haven't changed the minimal bet, so it's kinda high, which makes me NOT gamble Grin

Good thing for you because you will be able to save your money while bitcoin value still rallying high, before I'm not affected but same with you now
I'm affected as I only have some dollar to use and if I converted that to btc it will turned to a small amount and for sure I wont enjoy my stay if I lose
right away after some bets.

nethan1btc

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Quote from: Manchumichael on December 08, 2017, 02:01:10 PM

Quote from: cryptoalfs76 on December 08, 2017, 07:34:19 AM

Quote from: LuanX3 on September 08, 2017, 06:37:14 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 i gambling my bets is always constant as long i have a capital to gambling and this factor it would not affect in my way of gaming.we already know that bitcoin is volatile in the exchange market,but in order to achieve my lucky pot in games of gambling, i've did not decrease my betting because i have a target ,to earn a huge profits in terms of gambling.

You made a risky goal, but I am not sure whether you will reach your goal or not. Making money in gambling is not easy that everyone knows including you and bitcoin price is also high then also you took this decssion means great. I wish you all the best and achieve your goal asap. I personally don't encourage anyone to do gamble, but in your case, i think you have more confidence, so I wish you.

I think this guy is really a lot of strategies that too confidence to says get a huge profits in gambling. But I don't know if he really get able to win in gambling by using whatever strategies that he has because all I know in gambling is more in risk and purely requires 100% to bet a huge profits or hit in a jackpot. But if that he really believe the best way to earn btc then, there's nothing we can do about it. Good luck for him!

LEINADbtc

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It affects me.
Some casinos haven't changed the minimal bet, so it's kinda high, which makes me NOT gamble Grin

Oceat

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Quote from: Manchumichael on December 08, 2017, 02:01:10 PM

Quote from: cryptoalfs76 on December 08, 2017, 07:34:19 AM

Quote from: LuanX3 on September 08, 2017, 06:37:14 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 i gambling my bets is always constant as long i have a capital to gambling and this factor it would not affect in my way of gaming.we already know that bitcoin is volatile in the exchange market,but in order to achieve my lucky pot in games of gambling, i've did not decrease my betting because i have a target ,to earn a huge profits in terms of gambling.

You made a risky goal, but I am not sure whether you will reach your goal or not. Making money in gambling is not easy that everyone knows including you and bitcoin price is also high then also you took this decssion means great. I wish you all the best and achieve your goal asap. I personally don't encourage anyone to do gamble, but in your case, i think you have more confidence, so I wish you.

Even if he's confidence is high or his luck but it does still affect greatly at your gambling habit when there is a volatility. If you bet using Bitcoin it is not recommended because it is a great loss. That's why you should prefer choosing fiat currency to bet because fiat is not that high in every fluctuation and also you can save thousands of bucks when using fiat currency.

mostkey

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maybe for me nothing has changed even though bitcoin prices soared. because I'm gambling with bitcoin, and I've had a bitcoin budget to gamble since 2016. so even though prices are changing but nothing has changed in my bet .. because I have never bought bitcoin since the first time I made a deposit

Manchumichael

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Quote from: cryptoalfs76 on December 08, 2017, 07:34:19 AM

Quote from: LuanX3 on September 08, 2017, 06:37:14 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 i gambling my bets is always constant as long i have a capital to gambling and this factor it would not affect in my way of gaming.we already know that bitcoin is volatile in the exchange market,but in order to achieve my lucky pot in games of gambling, i've did not decrease my betting because i have a target ,to earn a huge profits in terms of gambling.

You made a risky goal, but I am not sure whether you will reach your goal or not. Making money in gambling is not easy that everyone knows including you and bitcoin price is also high then also you took this decssion means great. I wish you all the best and achieve your goal asap. I personally don't encourage anyone to do gamble, but in your case, i think you have more confidence, so I wish you.

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Quote from: LuanX3 on September 08, 2017, 06:37:14 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 i gambling my bets is always constant as long i have a capital to gambling and this factor it would not affect in my way of gaming.we already know that bitcoin is volatile in the exchange market,but in order to achieve my lucky pot in games of gambling i've did not decrease my betting because i have a target ,to earn a huge profits in terms of gambling.

onrise

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Quote from: shield132 on December 07, 2017, 07:19:19 PM

In september it wouldn't be as serious question as it's today, price is very high. For example 3 years ago I could play with 1btc or more and make my great strategies but now it's so high, I can't even risk 0.1 btc and for some strategic players 0.1 btc = loss. Maybe you'll say start with 0.0000001 btc but what to do if that was considered in my plan 3 years ago? Now I can't release it because nothing worths to risk 16000$. So it really affects.

This is the real case where now everybody would start thinking actually to save btc rather than to use it anywhere . Because no body expected the prices to rise so soon that it has crossed 16k within short span of time. A year back one could easily gamble 0.1 without thinking much but now even to gamble 0.01 seems too risky because in 2018 we can see btc crossing 20k and creating new highs like 2017.

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Quote from: Bardman on December 07, 2017, 08:40:50 PM

I lost like 2 bitcoins when it was worth 300-400$ gambling. That would have been close to 40k now, which is just unbelievable. I'm personally not gambling much if at all right now, it's just not fun for me anymore and knowing that I could be losing thousands if not hundreds of thousands of dollars in the future by gambling now makes me not want to gamble nor spend any cryptocurrency ever again.

When we keep on thinking on how much our savings or holding will be if we not cashout it, if we not used it in gambling, we can really get frustrated and stress knowing we did bet almost worth 1btc in different sporys and dice but that's how it goes, it's really unbelievable that btc goes this high that's why as much as possible I'm trying to bet with some alts.

Bardman

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I lost like 2 bitcoins when it was worth 300-400$ gambling. That would have been close to 40k now, which is just unbelievable. I'm personally not gambling much if at all right now, it's just not fun for me anymore and knowing that I could be losing thousands if not hundreds of thousands of dollars in the future by gambling now makes me not want to gamble nor spend any cryptocurrency ever again.

Hazaki

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Even tho i don't support gambling at all and i'm very glad that i have stopped it for more than a year now , i wouldn't really think or appreciate the idea to gamble in bitcoin , especially for someone that has the bad luck that i got !
I do understand that whether you gamble with fiat or bitcoin it's the same because even if the value of the coin fluctuates it won't matter because when you win your bankroll will increase , same as whenever you gamble with fiat , but that's really for people who have a win average rate much higher than the one i got .

So gambling in bitcoin will be really a hurtful thing for my funds since i won't be winning any money and thus wasting the potential value of the coins i'm loosing .Whether when i gamble in fiat it means that i just lost the amount that i placed on my bet , not an amount of money that could multiply by 5 or 10 times in a very short period of time .

shield132

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In september it wouldn't be as serious question as it's today, price is very high. For example 3 years ago I could play with 1btc or more and make my great strategies but now it's so high, I can't even risk 0.1 btc and for some strategic players 0.1 btc = loss. Maybe you'll say start with 0.0000001 btc but what to do if that was considered in my plan 3 years ago? Now I can't release it because nothing worths to risk 16000$. So it really affects.

Oilacris

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Quote from: poplolnman on December 07, 2017, 03:19:21 PM

Quote from: emberbekas on December 07, 2017, 01:48:37 PM

Quote from: MinerHQ on November 18, 2017, 08:17:25 PM

Quote from: FasTroy on November 18, 2017, 02:00:29 PM

Quote from: biskitop on November 18, 2017, 10:26:10 AM

No effect at all. I gamble based on my wishes, so whatever happens to BTC prices, it does not affect me.

Same here, I didn't affected by the bitcoin's price volatility. I always gamble like i want, so if the price increase or fall, I will bet with the same amount of btc, I mean i don't watch the price in dolllars or any other real currencies, I only set the amount with BTC.

But I always do another way because I set my bet amount in USD and I will adjust my bitcoin amount accordingly. If prices go up then I will reduce bitcoin bet amount to match USD price because it is a hard earn money and doesn't want to waste so much on gambling. I usually fix around $50 to $100 for each session of gambling and never go above that amount and play only once or twice in a month.

Bitcoin price is at around $16k now (frankly, it's awesome). For sure, I will lower my bet amounts now to reflect this price changes. 0.001 BTC each session would be better for me at the current price.

If you looking to take the risk grow your Bitcoin through gambling then why you didn't put the same amount in Bitcoin? You'll never know you are lucky enough right? But well if you afraid and can't afford to lose that amount. I just feel it's makes sense to keep staking the same amount as part high investment.

Some people do have the balls to risk on gambling and some are not which i can compare sometimes that those who holds of is much wiser since he do secure with just staking but expect less profits unlike on playing it on gambling possible profits might be huge but also the higher risk on losing your bitcoin instead of earning some of it.Just would really depend on how risk-taker you are.

poplolnman

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Quote from: emberbekas on December 07, 2017, 01:48:37 PM

Quote from: MinerHQ on November 18, 2017, 08:17:25 PM

Quote from: FasTroy on November 18, 2017, 02:00:29 PM

Quote from: biskitop on November 18, 2017, 10:26:10 AM

No effect at all. I gamble based on my wishes, so whatever happens to BTC prices, it does not affect me.

Same here, I didn't affected by the bitcoin's price volatility. I always gamble like i want, so if the price increase or fall, I will bet with the same amount of btc, I mean i don't watch the price in dolllars or any other real currencies, I only set the amount with BTC.

But I always do another way because I set my bet amount in USD and I will adjust my bitcoin amount accordingly. If prices go up then I will reduce bitcoin bet amount to match USD price because it is a hard earn money and doesn't want to waste so much on gambling. I usually fix around $50 to $100 for each session of gambling and never go above that amount and play only once or twice in a month.

Bitcoin price is at around $16k now (frankly, it's awesome). For sure, I will lower my bet amounts now to reflect this price changes. 0.001 BTC each session would be better for me at the current price.

If you looking to take the risk grow your Bitcoin through gambling then why you didn't put the same amount in Bitcoin? You'll never know you are lucky enough right? But well if you afraid and can't afford to lose that amount. I just feel it's makes sense to keep staking the same amount as part high investment.

stomachgrowls

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Quote from: panjul07 on December 07, 2017, 03:12:05 PM

No matter how much is the bitcoin price, it wont affect my gambling habits as I always using my own limitation in my local currency rate (IDR to be exact). Lets say my limit is 1,000,000 IDR so I will convert it into bitcoin. The amount of btc indeed will always change but my limit stays the same. My bet amount in btc will also change but not in IDR, so it will help me to avoid big loss if I have no limit in the rate of my local currency.

This would really be the main thing on here which it cant really affect our gambling habits since anytime we can make conversions basing on the amounts on our local fiat money which if bitcoins price did go up high but yet conversion would really be still remain depending if you are sticking on making bets on a certain amount not seeing on the value of btc putted but on the amount basing on your fiat conversion instead.I would say this thing isn't really a problem at all and making such issues or question because people can simply base their bets.

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No matter how much is the bitcoin price, it wont affect my gambling habits as I always using my own limitation in my local currency rate (IDR to be exact). Lets say my limit is 1,000,000 IDR so I will convert it into bitcoin. The amount of btc indeed will always change but my limit stays the same. My bet amount in btc will also change but not in IDR, so it will help me to avoid big loss if I have no limit in the rate of my local currency.

emberbekas

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Quote from: MinerHQ on November 18, 2017, 08:17:25 PM

Quote from: FasTroy on November 18, 2017, 02:00:29 PM

Quote from: biskitop on November 18, 2017, 10:26:10 AM

No effect at all. I gamble based on my wishes, so whatever happens to BTC prices, it does not affect me.

Same here, I didn't affected by the bitcoin's price volatility. I always gamble like i want, so if the price increase or fall, I will bet with the same amount of btc, I mean i don't watch the price in dolllars or any other real currencies, I only set the amount with BTC.

But I always do another way because I set my bet amount in USD and I will adjust my bitcoin amount accordingly. If prices go up then I will reduce bitcoin bet amount to match USD price because it is a hard earn money and doesn't want to waste so much on gambling. I usually fix around $50 to $100 for each session of gambling and never go above that amount and play only once or twice in a month.

Bitcoin price is at around $16k now (frankly, it's awesome). For sure, I will lower my bet amounts now to reflect this price changes. 0.001 BTC each session would be better for me at the current price.

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