Does crypto market decline affect your gambling? - page 3.

LuanX3

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Quote from: bitcoinisbest on February 20, 2018, 01:06:51 PM

Quote from: noormcs5 on February 15, 2018, 12:19:18 AM

Quote from: Oilacris on February 14, 2018, 10:41:12 AM

Quote from: Manchumichael on February 14, 2018, 06:13:40 AM

Quote from: livingfree on February 13, 2018, 05:19:36 PM

Everyone has been affected when the market has declined. When I'm out of funds during that time, I care about the fees as the value of bitcoin is increasing too. But now that the market has dropped and fees went down too, I don't care about the fees anymore.

Previously the fee was too high so I stopped to do BTC transaction and started to play with another coin. The fee actually scared me but now everything is ok It back to normal but the price dropped. now I have enough fund but I will not use to play gambling, I want to save BTC for my future use. I don't like to lose BTC just for my fun. I am ok with playing other cheap coins.

I do stop playing gambling with btc on those times on where the fees was insanely high even more than on the amount that I do tend to play on gambling which is ridiculous if you do decide to proceed but yet it didn't completely stop me on playing since there are another options to play by making use of altcoins but the essence on playing altcoin came from btc is entire different for me.(Its just me).

I also stop when bitcoin fees high, but now a days, bitcoin price down then it is easy for us to play with bitcoin. But now in the coming time i think bitcoin once again will increase a lot of then it will be trouble for us.

Do not gamble with btc or altcoins now as the market have recovered well in few days and seems to be recover more in coming days. So if you happen to lose some games it means you will lose out the opportunity of holding your coins and making some gains as the price continues to rise.

If you just buy then gamble then withdraw and convert the coins back to fiat then there is really no problem. Think of it like you are in a real casino where you trade your fiat for chips and you play with those chips. If you do that then there is really no point in speculating if it would rise or fall, you are only left with just regular and the old fashioned gambling.

bitcoinisbest

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Quote from: noormcs5 on February 15, 2018, 12:19:18 AM

Quote from: Oilacris on February 14, 2018, 10:41:12 AM

Quote from: Manchumichael on February 14, 2018, 06:13:40 AM

Quote from: livingfree on February 13, 2018, 05:19:36 PM

Everyone has been affected when the market has declined. When I'm out of funds during that time, I care about the fees as the value of bitcoin is increasing too. But now that the market has dropped and fees went down too, I don't care about the fees anymore.

Previously the fee was too high so I stopped to do BTC transaction and started to play with another coin. The fee actually scared me but now everything is ok It back to normal but the price dropped. now I have enough fund but I will not use to play gambling, I want to save BTC for my future use. I don't like to lose BTC just for my fun. I am ok with playing other cheap coins.

I do stop playing gambling with btc on those times on where the fees was insanely high even more than on the amount that I do tend to play on gambling which is ridiculous if you do decide to proceed but yet it didn't completely stop me on playing since there are another options to play by making use of altcoins but the essence on playing altcoin came from btc is entire different for me.(Its just me).

I also stop when bitcoin fees high, but now a days, bitcoin price down then it is easy for us to play with bitcoin. But now in the coming time i think bitcoin once again will increase a lot of then it will be trouble for us.

Do not gamble with btc or altcoins now as the market have recovered well in few days and seems to be recover more in coming days. So if you happen to lose some games it means you will lose out the opportunity of holding your coins and making some gains as the price continues to rise.

noormcs5

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Quote from: Oilacris on February 14, 2018, 10:41:12 AM

Quote from: Manchumichael on February 14, 2018, 06:13:40 AM

Quote from: livingfree on February 13, 2018, 05:19:36 PM

Everyone has been affected when the market has declined. When I'm out of funds during that time, I care about the fees as the value of bitcoin is increasing too. But now that the market has dropped and fees went down too, I don't care about the fees anymore.

Previously the fee was too high so I stopped to do BTC transaction and started to play with another coin. The fee actually scared me but now everything is ok It back to normal but the price dropped. now I have enough fund but I will not use to play gambling, I want to save BTC for my future use. I don't like to lose BTC just for my fun. I am ok with playing other cheap coins.

I do stop playing gambling with btc on those times on where the fees was insanely high even more than on the amount that I do tend to play on gambling which is ridiculous if you do decide to proceed but yet it didn't completely stop me on playing since there are another options to play by making use of altcoins but the essence on playing altcoin came from btc is entire different for me.(Its just me).

I also stop when bitcoin fees high, but now a days, bitcoin price down then it is easy for us to play with bitcoin. But now in the coming time i think bitcoin once again will increase a lot of then it will be trouble for us.

The_prodigy

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Quote from: axicron on February 05, 2018, 11:42:05 AM

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with.

Is it affecting your gambling?

Of course it does, it affect us by putting a mire in our mental health in which we are not playingn as confidently or we are constantly thinking that if we lost this game and there is a decline then that would mean much more lossess. It puts much steain and pressure in your actions and that makes it hard for some people and thats why sometimes in a decline they do not play

Oilacris

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Quote from: Manchumichael on February 14, 2018, 06:13:40 AM

Quote from: livingfree on February 13, 2018, 05:19:36 PM

Everyone has been affected when the market has declined. When I'm out of funds during that time, I care about the fees as the value of bitcoin is increasing too. But now that the market has dropped and fees went down too, I don't care about the fees anymore.

Previously the fee was too high so I stopped to do BTC transaction and started to play with another coin. The fee actually scared me but now everything is ok It back to normal but the price dropped. now I have enough fund but I will not use to play gambling, I want to save BTC for my future use. I don't like to lose BTC just for my fun. I am ok with playing other cheap coins.

I do stop playing gambling with btc on those times on where the fees was insanely high even more than on the amount that I do tend to play on gambling which is ridiculous if you do decide to proceed but yet it didn't completely stop me on playing since there are another options to play by making use of altcoins but the essence on playing altcoin came from btc is entire different for me.(Its just me).

just_Alice

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Quote from: axicron on February 05, 2018, 11:42:05 AM

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with.

Is it affecting your gambling?

It isn't affecting much my gambling for two main reasons. First of all for me it is more important that Bitcoin transactions are going faster (than it used to be recently), than its price, second of all, you can always use gambling websites, where low bets are allowed, so you still won't be losing too much.

Manchumichael

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Quote from: livingfree on February 13, 2018, 05:19:36 PM

Everyone has been affected when the market has declined. When I'm out of funds during that time, I care about the fees as the value of bitcoin is increasing too. But now that the market has dropped and fees went down too, I don't care about the fees anymore.

Previously the fee was too high so I stopped to do BTC transaction and started to play with another coin. The fee actually scared me but now everything is ok It back to normal but the price dropped. now I have enough fund but I will not use to play gambling, I want to save BTC for my future use. I don't like to lose BTC just for my fun. I am ok with playing other cheap coins.

ajmapalo22

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Quote from: axicron on February 05, 2018, 11:42:05 AM

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with.

Is it affecting your gambling?

Yes because I need to consume big amount of bitcoin now unlike before and I tend to feel a little regret when I lose a game because I always think bitcoin value will increase again and I'm going to lose a lot from gambling. Sometimes I'd rather play using faucet claims so I will not consume much of my capital.

livingfree

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Everyone has been affected when the market has declined. When I'm out of funds during that time, I care about the fees as the value of bitcoin is increasing too. But now that the market has dropped and fees went down too, I don't care about the fees anymore.

ajochems

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I think it is purely depend on crypto market change.If the price of bitcoin is low,It's possible for me to buy huge bitcoin for certain dollars.Instead the price of bitcoin is high means,I will buy a less amount of bitcoin. Since the gambling accept the bitcoin, I will use to inverse less when the price is high and higher when the price is low.

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Quote from: bitcoinmasterlord on February 07, 2018, 08:39:19 AM

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Quote from: roxbit on February 07, 2018, 03:23:57 AM

Yes It does affect because as the price of cryptocurrencies fall many gamblers online started to lessen their bet since the value is lower. Compared to previous months where online gambling is very crowded where gamblers are actively gambling online.

I think your talking opposite way because if bitcoin prices go down you can see many people who are buying bitcoins to gamble will bet more compared to when prices were high. If Bitcoin prices go very high then most people may think twice to spend money to buy and gamble. But people who have got old stock may be different and they won't look at the market price to gamble.

this is only true if the price is already low and staying there, not when it is dropping and on the way down there. during the drops or even rises people tend to go back to trading and being more active in the market itself specially if it is dropping so they pull out of any other activity such as gambling.

I think now many gamblers stopped to play gambling with bitcoins and they prefer to play with altcoins the reason is last year Bitcoin price. it went up to $20k, and I don't know how many gamblers felt so bad. But you are right when the price is less people will not think more and when it is skyrocket they will double time before placing a bet amount.

I hope this has happened. Betting bitcoin on random games is a little insane and stupid act. This currency is the most powerful one, possesses the most potential to grow the capital of holders, losing it without even selling it out is equal to losing a golden opportunity of becoming a rich person. Just think how much profit buying one bitcoin now can give by the end of this year if it really touches the predicted value of 30k dollars.

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Quote from: BitcoinSupremo on February 13, 2018, 08:18:38 AM

Lately bitcoin fees are down a lot and they are not a factor to affect my gambling. Normally the price drop should affect us in a better way , meaning we can buy bitcoin cheaper for gambling and not the other way around like many people are complaining here. Also people like me who are mining bitcoin at home with multi GPU setup don't care much about the bitcoin price as long as it is profitable (btc profit-energy>=0).
For me it is the same in gambling, even if bitcoin price is 100 usd or 100000 usd.

I completely agree to what you are saying.
The fees always affect you when you are gambling. Due to the fact you want to cover those fees so they do not cut into your winnings. And if they are too high such as they were a month ago, you will try to win that amount of the fee and most of the time lose more if not all in trying to do so.
I do find betting with a lesser coin such as litecoin not as satisfying as if you were betting with bitcoin because, if you look at your winnings, are about a tenth less. Lips sealed

BitcoinSupremo

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Lately bitcoin fees are down a lot and they are not a factor to affect my gambling. Normally the price drop should affect us in a better way , meaning we can buy bitcoin cheaper for gambling and not the other way around like many people are complaining here. Also people like me who are mining bitcoin at home with multi GPU setup don't care much about the bitcoin price as long as it is profitable (btc profit-energy>=0).
For me it is the same in gambling, even if bitcoin price is 100 usd or 100000 usd.

poplolnman

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Quote from: serjent05 on February 08, 2018, 11:57:51 AM

Definitely it has an effect to the amount of BTC I am using when am playing in a gambling with cryptocurrency. Since it is cheaper, I can spend a higher amount of BTC unlike when BTC were 20k USD. It somehow double the amount of BTC which I can spend at the same rate in USD. So this means, I can play longer and even bet higher amount in BTC than my previous bets.

Then do you want to miss this cheap period again to see the price skyrocketing in the future? You can spend bigger amount of bitcoin now before it's went to $50k and to enjoy your profit later. If you feel ready to lose what you've wagered,mi think this could be a worth taken high risk investment, that's all.

usekevin

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Now the price of bitcoin is half of the old value. So you can easily increase the bet amount.If you place 1000$ in term of bitcoin means, you can place more bitcoin as compared to past month.
This time you can place huge bitcoin in gambling. This will increase the chances of winning.

ArnoldChippy

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Quote from: noormcs5 on February 11, 2018, 09:14:32 AM

Quote from: axicron on February 05, 2018, 11:42:05 AM

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with.

Is it affecting your gambling?

I think downfall on crypto will have no negative effect in gambling. There can be a positive effect though, as now people can buy BTC in less price and can gamble more with their money. You can say Gambling is Cheap these days until the Bitcoin prices tries to rise up again.
Overall, i think there is not much decline in gambling industry due to this fall of cryptos.

Yes that is right, decreasing price of bitcoin making it easy for the gambling er purchase bitcoin and play with more money, When the price is increasing then they may not be able to buy more bitcoin with little money, Therefore decreasing price of bitcoin may have good effect on gambling and people may become able to buy more bitcoin will little investment.

noormcs5

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Quote from: axicron on February 05, 2018, 11:42:05 AM

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with.

Is it affecting your gambling?

I think downfall on crypto will have no negative effect in gambling. There can be a positive effect though, as now people can buy BTC in less price and can gamble more with their money. You can say Gambling is Cheap these days until the Bitcoin prices tries to rise up again.
Overall, i think there is not much decline in gambling industry due to this fall of cryptos.

JL421

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It does effect me , losing 1 bitcoin 2 years ago was just 700$ but today it is 8000 which has affected me a lot and i was able to control my gambling habits also because of this rise and started saving. Today I'm really happy even if the market does decline it's falling to 6000$ which is still a huge amount , no matter how low bitcoin becomes i will never gamble again

superjeyy

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Even if it seems it doesn't, it somehow does because I feel like when I bet, I depend it on how much the rate is. If the rate is low, then I can bet more and do it vice versa. The rewards may be of the same amount but it will definitely not be of the same value which is why I really think that the rates somehow do have an effect towards the gambling practices of people. Overall, I guess people would prefer having the rates at a low but also having high winnings so that when the market is in a good place, they would also have a good value for their winnings.

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Quote from: dmamigo on February 10, 2018, 01:24:55 PM

Quote from: jrrsparkles on February 09, 2018, 11:04:08 PM

Quote from: axicron on February 05, 2018, 11:42:05 AM

I guess everyone here noticed some decline (hopefully temporary) of almost all coins people used to gamble with.

Is it affecting your gambling?

I don't think it will affect any of the gambling practices because our rewards are only calculated in terms of bitcoin so the rewards will be the same only the value is changed,so I think now people can deposit more amount of bitcoins but only the winners maybe worrying that the rewards are less than before.But don't forget that the price of bitcoin is still at $9000 which was around $3500 before 4 or 5 months.

It will effect, it has to. Most addicted gamblers will get a chance to increase there gambling capital, yeah Bitcoin or any other crypto currency is the one used to calculate the rewards, but still now we need to first convert our fiats to Bitcoins etc., so when the rates are low, we get more amount of coins and it helps in increased betting or gambling stakes.

You are right, we may get the more bitcoins because of its cheaper price but it does affect our rewards too.But the gambling addicts have a good chance to increase their funds now.
But I am not a full time gambler so it doesn't affect me in anyways.

Topic: Does crypto market decline affect your gambling? - page 3. (Read 669 times)