Since I looked bitcoin value in dollar so yes it's affect my gambling habit when bitcoin value getting expensive.
I'm wonder if someone able still bet 1 btc per bet just like happen on three years ago, but yes...when you want profit, dare to take the risk or you got nothing !
Topic: Does bitcoin's price volatility affect your gambling habits? - page 8. (Read 3057 times)
Yes, for sure. When bitcoin wasn't so valuable, you can bet I didn't care all that much. But when the price is increasing by leaps and bounds, it does make me think twice about putting down a large bet.
Right, but I think more people are most likely to use bitcoin in gambling when its price is high. They think that using bitcoin at high price will consume lesser amount of bitcoin. Well that is true but just like you, I am more likely to have a second though in using bitcoin if I know that its price rising. That is the time and is a good opportunity for me to earn profit so why would I waste it in playing gambling.
Those people who have invested in bitcoins in the past are enjoying a cherished life today and if someone will save bitcoins today, no doubt he will be securing a luxurious future. The best is to place a bet with a little amount of BTCs.
Its always been advisable to save up bitcoin as much as we can and if we do decide to use it on playing gambling then just set out an ample amount which would satisfy our cravings for leisure.Im sure those people who lost lots of btc in the past are regretting as of now when they do saw that the price of each bitcoin is already valuable.This is why we should not tend to waste it as of now.I am sure after few years when a gambler will be calculating how much they have wagered and how much they have had lost. If those figures sum up into million dollars, I could not assume how their feeling will be.
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?
Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price.
Don't you think your bitcoins are actually being wasted away and you can utilize them in some more beneficial way?
Yes i think my gambling bet thru bitcoins varies on the value of each coin. However it is not lime how you described its changing. As for me when i gamble my coins i am basing it on the value if it on our currency. So once the coin gets a higher value i tend to bet less and when it ia its lower value i tend to bet more. Moreso I am not so much into gambling my coins because its risky
Yes, for sure. When bitcoin wasn't so valuable, you can bet I didn't care all that much. But when the price is increasing by leaps and bounds, it does make me think twice about putting down a large bet.
September 29, 2017, 10:18:31 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?
Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price.
September 29, 2017, 10:11:59 AM
Those people who have invested in bitcoins in the past are enjoying a cherished life today and if someone will save bitcoins today, no doubt he will be securing a luxurious future. The best is to place a bet with a little amount of BTCs.
Its always been advisable to save up bitcoin as much as we can and if we do decide to use it on playing gambling then just set out an ample amount which would satisfy our cravings for leisure.Im sure those people who lost lots of btc in the past are regretting as of now when they do saw that the price of each bitcoin is already valuable.This is why we should not tend to waste it as of now.I am sure after few years when a gambler will be calculating how much they have wagered and how much they have had lost. If those figures sum up into million dollars, I could not assume how their feeling will be.
September 23, 2017, 02:20:38 AM
Of course, bitcoin's price volatility affect gambling activity
Especially for our profits if convert in USD
but for gambling activity its not too affected
Especially for our profits if convert in USD
but for gambling activity its not too affected
September 23, 2017, 12:58:19 AM
Those people who have invested in bitcoins in the past are enjoying a cherished life today and if someone will save bitcoins today, no doubt he will be securing a luxurious future. The best is to place a bet with a little amount of BTCs.
Its always been advisable to save up bitcoin as much as we can and if we do decide to use it on playing gambling then just set out an ample amount which would satisfy our cravings for leisure.Im sure those people who lost lots of btc in the past are regretting as of now when they do saw that the price of each bitcoin is already valuable.This is why we should not tend to waste it as of now.I am sure after few years when a gambler will be calculating how much they have wagered and how much they have had lost. If those figures sum up into million dollars, I could not assume how their feeling will be.
September 22, 2017, 04:42:22 AM
If I say it doesn't occur to me sometimes, I would be lying because knowing what you are about to gamble is in relation to its equivalent in dollar value but that does not deter me in gambling because I just set my mind at the winnings which will equally come in btc which won't come the same way it went in and converting back makes it much more interesting.
I think when people own bitcoin let say from 2011 and they have 1000 btc on their wallet, I think they keep gamble with same amount every bet although they aware that they are gamble with higher amount.
Also it depend on people who want to keep gamble with or without pay attention on bitcoin value per betting
The thing is if you started gambling using bitcoins and prices go up, then the fact is that your bitcoins remain the same amount. So for example, if you had 1,000 bitcoins in 2011 and you are still gambling till today, do you lower the amount you bet or just retain the status quo? Since in this case you still are gambling in bitcoins and not in dollars.
September 22, 2017, 04:29:41 AM
If I say it doesn't occur to me sometimes, I would be lying because knowing what you are about to gamble is in relation to its equivalent in dollar value but that does not deter me in gambling because I just set my mind at the winnings which will equally come in btc which won't come the same way it went in and converting back makes it much more interesting.
I think when people own bitcoin let say from 2011 and they have 1000 btc on their wallet, I think they keep gamble with same amount every bet although they aware that they are gamble with higher amount.
Also it depend on people who want to keep gamble with or without pay attention on bitcoin value per betting
September 22, 2017, 04:20:23 AM
If I say it doesn't occur to me sometimes, I would be lying because knowing what you are about to gamble is in relation to its equivalent in dollar value but that does not deter me in gambling because I just set my mind at the winnings which will equally come in btc which won't come the same way it went in and converting back makes it much more interesting.
September 22, 2017, 03:23:25 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?
No, my gambling strategy doesn't change with the fluctuations in the USD/BTC exchange rates. I manage my bitcoin bankroll in terms of bitcoin only and I don't think about its conversion rates. I determine the amount of my daily gambling budget based on a percentage of my bankroll and I play at the stakes determined by that budget. The results are the same either way ---> 10% of $100 is the same as 10% of $100 worth of bitcoin ---> it makes no difference as long as the two quantities aren't unnecessarily mixed up in the process.
September 22, 2017, 02:34:51 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?
No, my gambling strategy doesn't change with the fluctuations in the USD/BTC exchange rates. I manage my bitcoin bankroll in terms of bitcoin only and I don't think about its conversion rates. I determine the amount of my daily gambling budget based on a percentage of my bankroll and I play at the stakes determined by that budget. The results are the same either way ---> 10% of $100 is the same as 10% of $100 worth of bitcoin ---> it makes no difference as long as the two quantities aren't unnecessarily mixed up in the process.
September 20, 2017, 06:01:19 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?
yes it greatly affects my bets on gambling, for example if the value of bitcoin today is low then i bet high amounts because i cant earn much profit if my bets are low as the value of bitcoin is low already. but if the price of bitcoin is a high enough , i dont usually gamble my balance because i feel that my losses are big enough and ill regret it much if i loose it on gambling so id rather save it up and wait again sooner or later if the value begins to drop again.
September 20, 2017, 01:39:27 AM
You people are freaking me out here ---> if you budget your bankroll by setting aside a PERCENTAGE of your bankroll for gambling, then that percentage remains the same. It doesn't change --->concentrating on the exchange rates and mixing up the conversions factors, while playing, will only lead to confusion. It's unnecessary. If you have to worry about the exchange rates while you're gambling, then your bankroll management budget needs to be re-evaluated, or ---> maybe you shouldn't be gambling.
September 19, 2017, 11:29:40 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?
yes it greatly affects my bets on gambling, for example if the value of bitcoin today is low then i bet high amounts because i cant earn much profit if my bets are low as the value of bitcoin is low already. but if the price of bitcoin is a high enough , i dont usually gamble my balance because i feel that my losses are big enough and ill regret it much if i loose it on gambling so id rather save it up and wait again sooner or later if the value begins to drop again.
September 19, 2017, 10:56:44 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?
yes it greatly affects my bets on gambling, for example if the value of bitcoin today is low then i bet high amounts because i cant earn much profit if my bets are low as the value of bitcoin is low already. but if the price of bitcoin is a high enough , i dont usually gamble my balance because i feel that my losses are big enough and ill regret it much if i loose it on gambling so id rather save it up and wait again sooner or later if the value begins to drop again.
September 19, 2017, 08:29:05 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?
Yes it does since I am depending my bet in our local currency,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?
So if the price drop down that would mean that my bet in bitcoin would be higher .
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