Some people decide to playing gambling when Bitcoin value decreases but other people choose to use other crypto because they thinks that it will be better if they hold their Bitcoin. That will related to convenience for every people about which coins they will use to playin gambling. But you will still difficult to wins from gambling especially in slot game as slot game will depends on your luck. Without having luck, you will not easy to wins but you only lose your money because many people trying to playing slot longer that will not helps them winning.
We should know when we can playing gambling and when we take a rest so we can prevent the lose not to becomes bigger. If Bitcoin price fluctuating like today, we should be wise with gambling and we don't have to playing gambling. But that will be each gambler decision what they will choose.
Topic: Does the changing value of BTC affect your decision to gamble in crypto casinos? - page 4. (Read 994 times)
August 16, 2024, 03:38:17 AM
August 16, 2024, 12:58:12 AM
I am not sure that playing slots will be successful, and probably because of this, I do not consider Bitcoin for such purposes. I am not a very active player and have only recently become interested in gambling. There are so many success stories on the forum that it is tempting not to play occasionally. But to avoid disappointment, I play with USDT, where I always know the exact amount of funds that I can safely spend.
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August 16, 2024, 12:16:04 AM
It used to be one of my deciding factors back when pure BTC balance was still the trend in most crypto casinos because the network fees would also get in the way, now that auto conversion on deposit is becoming more common, the sudden change of value barely affect my gambling plans anymore.
The gambling experience has become flexible now that we have more options to choose from and thanks to casinos that introduced these convenient changes we don't have to fully pay attention to these price changes.
Well, you are right afterall, the auto conversion of bitcoin value to the actual value in usd at the time of conversion is definitely a very convinient process which is a welcome development to those who really would prefer to play gambling with bitcoin, but for me, I still very much care about what the future price of bitcoin will be like, so I try to avoid gambling with Bitcoin, I only gamble when ever I have some usdt that I am willing to loose while risking it to get more in return.The gambling experience has become flexible now that we have more options to choose from and thanks to casinos that introduced these convenient changes we don't have to fully pay attention to these price changes.
But again, I know this things don't really mean though, since I can still convert bitcoin to usd and vice versa, but I just have this mentality stuck with me never to deposit bitcoin into a gambling casino.
August 16, 2024, 12:06:25 AM
You know, I might be right or wrong (since I’m not predicting the future) 
but I consider playing as an entertainment activity rather than purely a side hustle.
You'll hear that a lot in the forum. Everyone who gambles should just enjoy it and don't take it seriously when you're betting. So, if gambling is an entertaining activity for you, you keep it that way. but I consider playing as an entertainment activity rather than purely a side hustle. Because once you start to treat it differently and as a way of making money, your perspective toward your losses will change quickly and for the entirety of it.
How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why 
It does change my mood when I see both going up and down. But I like it more when it goes up because the higher the price of Bitcoin, the lesser sats that I'll have to gamble.Nevertheless, that's the only thing that affects me when I gamble but for the other decisions that I make, there's no relation to the price swings.
August 15, 2024, 11:24:21 PM
It used to be one of my deciding factors back when pure BTC balance was still the trend in most crypto casinos because the network fees would also get in the way, now that auto conversion on deposit is becoming more common, the sudden change of value barely affect my gambling plans anymore.
The gambling experience has become flexible now that we have more options to choose from and thanks to casinos that introduced these convenient changes we don't have to fully pay attention to these price changes.
The gambling experience has become flexible now that we have more options to choose from and thanks to casinos that introduced these convenient changes we don't have to fully pay attention to these price changes.
August 15, 2024, 06:44:57 PM
How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why
Yes and no!
The amount I bet is a fixed amount and it does not change regardless of the price of Bitcoin, however this amount is in Fiat currency, so when I use crypto casinos, depending on the value of Bitcoin I will be betting more or less satoshis.
The amount I bet every month is a small portion of my income, so this fluctuation in the value of bitcoin in relation to the dollar does not affect my betting habits.
What changes in these sudden changes is usually the currency I use to bet, as the network is generally congested and it is impossible to confirm transactions like Bitcoin with the speed I want, so I carry out the exchange conversion to another currency and only then transfer it to the websites.
August 15, 2024, 06:38:52 PM
Professional gamblers don't care if the price of Bitcoin goes up or down. They mainly prefer to participate in gambling. Yes, but the price of Bitcoin and Bitcoin transaction fees can deter a conscious gambler from participating in winnings, especially when transaction fees are high, usually gamblers generally reduce their gambling participation. In my case, I don't gamble if the Bitcoin market crashes. I don't indulge myself in gambling especially until the market takes correction form. Since I am a non-professional gambler, it is not important for me to participate in gambling during market dumping.
August 15, 2024, 06:29:15 PM
BTC price has nothing to do with your gambling decision or when to gamble or and not to gamble, the main thing is that if you are using bitcoin to gamble then inside the casino it's only considering bitcoin and nothing much, for example. If you are staking with 0.0005BTC the value doesn't change when you win it only adds additional satoshi to you but it would only reflect in dollar equivalent when the price is up otherwise it still remains and nothing changes but the dollar price decrease while your satoshi never reduce or added.
Well, maybe you are speaking from personal experience here, so your opinion is somewhat logical. But let's suppose that a gambler deposited a huge amount of money on one of the platforms (many have the audacity to do this on the major platforms), and then the value of Bitcoin in the market increased significantly, as happened recently when the price of Bitcoin reached ATH. Don't you think that he might hesitate a little in choosing the value of the bet or even in choosing the time of freezing to any of the stablecoins? I think this is very likely.
Bitcoin, or any cryptocurrency with an unstable value, can affect any of the usage decisions, whether gambling or investing. Maybe that is why casinos impose certain wagering times before making a withdrawal, regardless of the type of currency.
Users who deposit small amounts will not be affected by their decisions no matter how much the price increases. At the most, they will rush to freeze the balance in one of the stablecoins or rush to place bets for fear that the price of Bitcoin will decline and they will find themselves losing a few cents or even a few dollars that could have increased the value of the bet, even if only slightly.
August 15, 2024, 06:29:08 PM
Because bitcoin price very high currently then the costs if we gambling using bitcoin also will be very high too but i don't think it won't be stop or makes people to leave crypto casinos because in my opinion the effect of bitcoin price to the gamblers is only for the fees only which just like people can see currently transaction fees will be very expensive if people still using bitcoin to withdraw their funds but gambling is a habit and as long as people still can afford to buy bitcoin then people will still gamble normally without thinking about the price
But for me personally after bitcoin price very high then i was change my habit didn't used bitcoin anymore because it's too expensive and currently i was very often to gamble using alternative coin such as USDT instead of bitcoin because the cost gambling using that coin is much cheaper than using bitcoin
But for me personally after bitcoin price very high then i was change my habit didn't used bitcoin anymore because it's too expensive and currently i was very often to gamble using alternative coin such as USDT instead of bitcoin because the cost gambling using that coin is much cheaper than using bitcoin
August 15, 2024, 06:19:25 PM
Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
First of all, Bitcoin's volatility moves through an unmatchable scale - in so much frenzy that will only look strange to a crypto gambler that's inexperienced from both ends... How do you resolve this problem? If you're wagering at a flat rate of $100 on single games and only 25% is ascertained (the difference between the potential winning will be small, but is determined by the odds) how then are you making profits?Secondly, most crypto casinos with web3 design and features also allow deposits from other alternative coins etc... so, it's safe to say that alot of gamblers on the affirmative, in reality, would prefer altcurrencies.
August 15, 2024, 06:16:29 PM
Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why
You know, I might be right or wrong (since I’m not predicting the future)
but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why Maybe there are some thoughts about the price, but actually it didn't give us much worries since as long as you gamble for example using 1btc you are still fine. Those decrease is just a paper loss and bitcoin would recover into that figures once it recover.
But if people is not confident enough to use their BTC for whatever reason then much better to use stable coins since it will never fail them especially if they want stability. But most cases people want to gamble using bitcoin for the fact that they also want to try if they can gain something if the value of bitcoin rise.
Also we cannot guarantee to earn so spend only the amount you think good enough to acquire your entertainment needs. Since if you focus on the value then maybe there's instances that you gonna chase to win more because you are worried about those declines an maybe it will lead to your defeat. So focus on 1:1 Bitcoin ratio and anyone is truly fine with that cases.
August 15, 2024, 05:59:06 PM
How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why
As someone who has been into the Bitcoin investment for many years now, I don't think a slight change in the price of Bitcoin is one thing to worry me anymore, as it's obvious that's how it works, and no matter how agree or sad you are, it can never change the state of the price of a fallen Btc, hence, as an experience gamble who has been into the system, what I normally do, is to always continue my gambling process, irrespective of the price, because it's even when it's price fall that you make more profit if the price happens to skyrocket back again. 
August 15, 2024, 05:37:16 PM
I think there's a divide between new and old crypto users in this matter.
Newer crypto users didn't manage to get in at good prices. They've likely even lost some money on declining prices since crypto's surge. So newer users don't tend to want to hold or use crypto that much. Maybe they've seen the benefits of gambling with crypto though as you can take bigger risks without verifying income or identity that much. So they use USDT, which isn't anywhere close to a crypto as BTC.
Older crypto users on the other hand, have increased their wealth thanks to BTC. So if the price of BTC is up, they'd feel much more comfortable to take risks with their money because they have a backup plan also.
Newer crypto users didn't manage to get in at good prices. They've likely even lost some money on declining prices since crypto's surge. So newer users don't tend to want to hold or use crypto that much. Maybe they've seen the benefits of gambling with crypto though as you can take bigger risks without verifying income or identity that much. So they use USDT, which isn't anywhere close to a crypto as BTC.
Older crypto users on the other hand, have increased their wealth thanks to BTC. So if the price of BTC is up, they'd feel much more comfortable to take risks with their money because they have a backup plan also.
August 15, 2024, 05:30:05 PM
Gambling is meant for rich people, from initial people that talks about gambling often are rich men and they use gambling as a means of relaxation and entertainment which its quite obvious to people who knows what am talking, but today we uses gambling as a source of generating revenue,
And this era is very different. Gambling has spread to all levels of society, even worse is the lower middle class who are the perpetrators/victims of gambling, especially online gambling. Maybe because the target of the gambling developers is different, namely to reap as much profit as possible, and the lower middle class is the easiest target to be incited to enter gambling, with the lure of jackpots that can make them rich suddenly. And they will come with a happy heart, spending their little money, and when they are addicted, they will find it very difficult to get away. I don't know whether this research is valid or not. But in my country, even, 80% of the gamblers come from the lower middle class.
Quote
TEMPO.CO, Jakarta - Indonesia is under a state of emergency regarding online gambling. Coordinating Minister for Political, Legal, and Security Affairs, Hadi Tjahjanto, said that about 80 percent of online gamblers in the country come from the lower middle class.
Source: 80 Percent of Online Gambling Players Are Lower Middle Class
August 15, 2024, 05:29:48 PM
Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why
For people who have a gambling budget for a week or month, the price of Bitcoin might not influence the decision to gamble since they have a particular amount they have embarked for gambling. This applies to those whose budget is fiat-based. If I had budgeted $100 worth of Bitcoin for the month's gambling activities, I wouldn't increase it because the price of Bitcoin went down or reduce it because the price went up. However, I prefer converting my gambling funds to USDT to avoid the negative effect of volatility. You know, I might be right or wrong (since I’m not predicting the future)
but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why Gambling is meant for rich people, from initial people that talks about gambling often are rich men and they use gambling as a means of relaxation and entertainment which its quite obvious to people who knows what am talking, but today we uses gambling as a source of generating revenue, so I believe that gambling has to do with precaution, so anything we are doing in gambling we have to take precaution knowing that gambling is not meant for average people or people who can't take a three square meal in a day, basically gambling is for rich people and that's while they don't get addicted in gambling or get depressed whenever they lose in gambling, but a young adult who has no occupation will use it last funds to gamble and expect to win on the process, so that's one of the things that made them to be depressed whenever they lose in gambling, we are suppose to change narratives in gambling.
Gambling is designed for everyone both the rich and poor. Don't you think that even the less privileged in society want to relax and have some fun? What is paramount is your ability to gamble based on your financial level. If both the rich and poor gamble with what they can afford to lose they are all responsible gamblers. But if they don't control their gambling habits, both of them would be perceived to be suffering from gambling disorder. Social class doesn't matter so much in gambling. 
August 15, 2024, 05:24:41 PM
No. It's the same number whatever we do. It's just the value that increases.
My goal is to increase the number of Bitcoins that I have and just let the value increase for a long time so when it comes to gambling I don't really look at the value first before it boosts the idea to gamble it thinking that I may have more later.
1 BTC = 1 BTC. That will never change.
So when you gamble your BTC, that just means it's either you are wasting away a precious item or you are accumulating more for the future. The latter is the best result but you are gambling which means you might waste it away too.
My goal is to increase the number of Bitcoins that I have and just let the value increase for a long time so when it comes to gambling I don't really look at the value first before it boosts the idea to gamble it thinking that I may have more later.
1 BTC = 1 BTC. That will never change.
So when you gamble your BTC, that just means it's either you are wasting away a precious item or you are accumulating more for the future. The latter is the best result but you are gambling which means you might waste it away too.
August 15, 2024, 05:15:31 PM
Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why
Gambling is meant for rich people, from initial people that talks about gambling often are rich men and they use gambling as a means of relaxation and entertainment which its quite obvious to people who knows what am talking, but today we uses gambling as a source of generating revenue, so I believe that gambling has to do with precaution, so anything we are doing in gambling we have to take precaution knowing that gambling is not meant for average people or people who can't take a three square meal in a day, basically gambling is for rich people and that's while they don't get addicted in gambling or get depressed whenever they lose in gambling, but a young adult who has no occupation will use it last funds to gamble and expect to win on the process, so that's one of the things that made them to be depressed whenever they lose in gambling, we are suppose to change narratives in gambling. You know, I might be right or wrong (since I’m not predicting the future)
but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why 
August 15, 2024, 04:44:10 PM
When you are gambling, it's better to just focus on winning rather than thinking about the value of Bitcoin or whatever cryptocurrency you are using, because the value is volatile and it could increase or decrease suddenly. If we were good at predicting when the value will rise, then it might be better to focus on trading, as that could give you a better chance of being profitable.
As for me, if I think I could profit from gambling, I'll make sure to use a stablecoin to ensure that my performance in gambling won't be affected by sudden price movements. It's very frustrating, especially when you are winning but see that the value of your coins is dropping.
As for me, if I think I could profit from gambling, I'll make sure to use a stablecoin to ensure that my performance in gambling won't be affected by sudden price movements. It's very frustrating, especially when you are winning but see that the value of your coins is dropping.
August 15, 2024, 04:36:58 PM
Of course the drop in bitcoin value has a huge impact on my gambling especially when the bitcoin value goes down I refrain myself from doing any kind of bitcoin trading, gambling.
Usually if I bet on a bearish bitcoin market if I lose it will definitely have a huge impact on my balance which is why I refrain from gambling on bloody markets.
But if the Bitcoin market goes down, I also bet with the converted USDT in advance, where there is no effect even if the Bitcoin market goes down.
Usually if I bet on a bearish bitcoin market if I lose it will definitely have a huge impact on my balance which is why I refrain from gambling on bloody markets.
But if the Bitcoin market goes down, I also bet with the converted USDT in advance, where there is no effect even if the Bitcoin market goes down.
August 15, 2024, 04:16:38 PM
Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.
You know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why
I have never used a crypto casino before. Gambling is a risky activity already, using crypto to gamble makes it even riskier. I do not think I will use a casino that allows gamblers to gamble in crypto only. If I decide to start gambling with crypto, my choice of casino to gamble with will be determined by the current price of the actual crypto I'm gambling with, compared to the value in FIAT. I will choose to gamble with crypto when there is a price drop and gamble with FIAT when the price of crypto is high, or I will gamble with any of the currencies (whether Crypto or FIAT) that will be less expensive for me to gamble with. You know, I might be right or wrong (since I’m not predicting the future)
but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why When it come to risks taking as a gambler, I am more a risk averse gambler. The crypto price fluctuations will definitely influence my choices in gambling.
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