Does crypto market decline affect your gambling? - page 4.

dmamigo

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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.

emberbekas

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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, the decline in coin prices mostly will affect our playing style. When the price drops, I will raise my bet amount and when the price goes up, I will do the opposite.

jrrsparkles

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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 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.

BabyBoss

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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 all of us is really affected here because all the tokens now is in red waves and this is so difficult I think to gamble because this ia now big lose. And I think some gamblers are now pause there game everyday in casino sties and wait until all tokens and coins that been use to gamble is to recover. This is big problem now so this is my thinking about playing gambling now.

michaelch

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It does affect my gambling somewhat, for sure. But I do revert to traditional casinos using fiat currencies if it is not beneficial to me.

Rinsend

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Quote from: bncbnc on February 09, 2018, 05:06:58 PM

Quote from: ethereumhunter on February 08, 2018, 10:20:02 PM

I think it doesn't affect my gambling. maybe for gambler which uses bitcoin as the bets, it's effect on their gambling, but I don't think that this is effect too with gambler which uses dogecoin Grin

no matter how much bitcoin price, as long as dogecoin is cheap, it will not affect with my gambling Grin

especially if I can buy a lot of dogecoin for a bet.

Most of the people use bitcoin as medium for payment, therefore when the price is dropping i think it will surely effect them, but i think that now the bitcoin price is raising again and therefore we are hopeful that very soon bitcoin price will reach to its previous high price and will even continue increasing and thus gambling will once again recover their lost that they made because of bitcoin dumping.

this is the advantage given by bitcoin.
although this I do not think has an impact on my gambling,
but if we calculate on fiat currency is very visible comparison.
this is what I like about bitcoin gambling.
besides being able to benefit every gambling,
in terms of price can be said this is a long term investment.
because prices continue to grow in the future

bncbnc

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Quote from: ethereumhunter on February 08, 2018, 10:20:02 PM

I think it doesn't affect my gambling. maybe for gambler which uses bitcoin as the bets, it's effect on their gambling, but I don't think that this is effect too with gambler which uses dogecoin Grin

no matter how much bitcoin price, as long as dogecoin is cheap, it will not affect with my gambling Grin

especially if I can buy a lot of dogecoin for a bet.

Most of the people use bitcoin as medium for payment, therefore when the price is dropping i think it will surely effect them, but i think that now the bitcoin price is raising again and therefore we are hopeful that very soon bitcoin price will reach to its previous high price and will even continue increasing and thus gambling will once again recover their lost that they made because of bitcoin dumping.

Oilacris

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Quote from: BlockEye on February 08, 2018, 09:13:51 PM

Quote from: piloder on February 08, 2018, 02:05:01 PM

I mostly gamble what I can afford to loss in terms of USD not interms of number of coin. However When market goes down like this I stop gambling my coins.

I think casino's profit also decline with decline in crypto price.

Many decides to minimize their gambling activities due to this , and I'm one of them, than to gambling I prefer to wait to more dips of some alts to buy, though I sneak some dice game once in a while, red days indeed affects our activities may it be in trading or in gambling.

Even myself do still sneak out on playing some game but not really too much because money is already allocated or budgeted in trading. Gambling for few minutes or few rolls isnt bad but having this decline of prices should seen as an opportunity.

dylanc

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For sure, the price of bitcoin affects my gambling to a certain extent, even subconsciously. It affects how much I bet and how much I can afford to put on the table.

ethereumhunter

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I think it doesn't affect my gambling. maybe for gambler which uses bitcoin as the bets, it's effect on their gambling, but I don't think that this is effect too with gambler which uses dogecoin Grin

no matter how much bitcoin price, as long as dogecoin is cheap, it will not affect with my gambling Grin

especially if I can buy a lot of dogecoin for a bet.

BossMacko

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For me no it doesn't effect my gambling, what can i do if i love gambling? I chose to gamble with crypto so whatever price it go as long as the site is accepting that crypto that i have that is good to me already. However others are right its getting boring nowadays because some of my friends in gambling sites are not playing because they are depressed in the current activity of CRYPTOs nowadays.

BlockEye

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Quote from: piloder on February 08, 2018, 02:05:01 PM

I mostly gamble what I can afford to loss in terms of USD not interms of number of coin. However When market goes down like this I stop gambling my coins.

I think casino's profit also decline with decline in crypto price.

Many decides to minimize their gambling activities due to this , and I'm one of them, than to gambling I prefer to wait to more dips of some alts to buy, though I sneak some dice game once in a while, red days indeed affects our activities may it be in trading or in gambling.

ArnoldChippy

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Quote from: ajochems on February 08, 2018, 11:25:24 AM

Quote from: Tipstar on February 05, 2018, 11:26:15 PM

It does in some ways. Though buying bitcoin itself is a gamble and you are gambling the the gambling token. Your profit and loss should be considered along BTC is BTC gambling and the fluctuation in USD should be measure with your amount of Bitcoin bought.

Ya if you inverse in bitcoin and price of bitcoin raised certain percentage means, you will get profit. In gambling also you will get profit based on a luck.Now the price of bitcoin is low,so you can place a bitcoin in gambling and get more profit from it .But you have to take it as a game.

As for playing gambling online, specially while using bitcoin for playing gambling i convert my fiat in to bitcoin, and if the price of bitcoin is decline ten i have to invest more money, because i do my calculation in fiat therefore i do not think that the change in bitcoin price either it is increasing or decreasing it do not put any financial effect on me.

piloder

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I mostly gamble what I can afford to loss in terms of USD not interms of number of coin. However When market goes down like this I stop gambling my coins.

I think casino's profit also decline with decline in crypto price.

serjent05

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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.

ajochems

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Quote from: Tipstar on February 05, 2018, 11:26:15 PM

It does in some ways. Though buying bitcoin itself is a gamble and you are gambling the the gambling token. Your profit and loss should be considered along BTC is BTC gambling and the fluctuation in USD should be measure with your amount of Bitcoin bought.

Ya if you inverse in bitcoin and price of bitcoin raised certain percentage means, you will get profit. In gambling also you will get profit based on a luck.Now the price of bitcoin is low,so you can place a bitcoin in gambling and get more profit from it .But you have to take it as a game.

sheenshane

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Quote from: Caladonian on February 08, 2018, 10:27:30 AM

Quote from: krishnaverma on February 08, 2018, 12:45:06 AM

I do not spend much on Bitcoin gambling and thus prices does not affect me much. I got one advantage by this. I have noticed that now that prices of Bitcoins are on lower side, I can see my deposits being processed in less time. I know it will not last long as Bitcoin prices will recover but I am enjoying the current trends.

I notice this too, since the value is declining the process is no longer that long and I was able to catch some games that I wanted to bet unlike before that it's taking some time so most of those live games that I wanted to bet won't work for me as I needed to wait for my deposit to appear and most of the time odds already change or being removed, but just like you, I also limit my time and only use spare coins to have some fun so I'm not affected that much.

The same as here, maybe it is not affect if you don't withdraw your remaining balance while bitcoin is in dip. Besides you can spend more of bitcoin in gambling, why not you just hold your investment amount in gambling site after increasing then you may withdraw on it. It serves as a spare bitcoin in your account that waiting for increasing and then withdraw and you bet more using this bitcoin.

Caladonian

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Quote from: krishnaverma on February 08, 2018, 12:45:06 AM

I do not spend much on Bitcoin gambling and thus prices does not affect me much. I got one advantage by this. I have noticed that now that prices of Bitcoins are on lower side, I can see my deposits being processed in less time. I know it will not last long as Bitcoin prices will recover but I am enjoying the current trends.

I notice this too, since the value is declining the process is no longer that long and I was able to catch some games that I wanted to bet unlike before that it's taking some time so most of those live games that I wanted to bet won't work for me as I needed to wait for my deposit to appear and most of the time odds already change or being removed, but just like you, I also limit my time and only use spare coins to have some fun so I'm not affected that much.

xandra

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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?

No,it does not affect because i don't gamble using my coins and i also seldom gamble in my place. What i do is still holding my coins up to now ,i never tried gambling using bitcoin because i am so afraid to lose it.

iv4n

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It doesn't affect me when market is declining, it affect me when its increasing ans casinos have same minimal bet. When you gamble you need to know your bankroll, minimal and maximal bets, it's not same when 1 mBTC minimal bet is 1 dollar or 19 dollars.
Like some other people here I also use other alts for gambling, when ever I can. Nitrogen where I play poker doesn't accept any other coin, just bitcoins, who knows maybe they will change that. But they don't have slots and I like to play slots sometimes. Last time I played was at fortune jack, they had nice promo if you deposit doge so I deposited doge coins.

Topic: Does crypto market decline affect your gambling? - page 4. (Read 670 times)