Topic: Does the changing value of BTC affect your decision to gamble in crypto casinos? - page 6. (Read 1011 times)

I will advise any new investor in bitcoin who happens to be a gambler too that they learn to ignore the fluctuating value of bitcoins if they know that they do not yet have the hard skin to deal with the charts and the daily monitoring of the bitcoin movement. Monitoring the charts daily can lead to fear, uncertainty, and doubt in the new investor, and that can influence their behavior.

Old investors trust the process and understand where the value of bitcoin is headed. We are mostly not so much influenced by the charts and fluctuating value of bitcoin when we want to gamble; we understand the risk of gambling and always gamble responsibly.

You are quite a responsible gambler and since I have been reading your comments in the gambling discussion board, you have consistent in percentage of money used for gambling as well as your strategy. For me,  what I can say is that of is that, regardless of the type of crypto used what is important  is the individual gambles with money they can afford to lose, sticks with a budget , don't chase losses and others

Nope, it doesn’t extract me in anyway - if the price of bitcoin fluctuates like this I tend not to gamble or make deposits with my bitcoin instead I use my normal fiat to deposit that way I won’t have to worry if the units of bitcoin is too much or not since I’ll just be gambling with my normal money while my bitcoin will be chilling in my wallet without being tampered.

Another alternative would be to just deposit USDT directly, it doesn’t have to be “bitcoin” it could be a stable coin and if I should use a stable coin I won’t have to worry about price fluctuations too.

Its very possible the reason why some users are using altcoins to bet because whichever the price of BTC goes, it affects the decision to use it while using just a stablecoin is perfectly easier to do the accounting when its stable. I can only assume people who sold their BTC when the price hits the ATH, moved to stablecoin and then constantly just DCA the price fluctuates. But this must depend to the personality of the gambler. Some are just risk takers and will wager more BTC to make more BTC.

Actually it is weird, but Bitcoin price increase affect my decision to gamble. For example I have deposited a round amount of $50, price grows and if next time I see my balance as $53, I would bet those $3. I consider it as a free money. But if the price goes down and I have a balance, I usually wait when it reaches price back. Otherwise, I consider that I am in a loss already without even playing.

Most reputable crypto casinos and sportsbooks allow you to gamble with USDT so the volatility of Bitcoin and other cryotocurrencies should not affect your gambling decisions.

Obviously if you bet with Bitcoin then when the price goes up you may have to adjust your stakes accordingly.

True gamblers may not be affected by Bitcoin or crypto price conditions, especially if they are reluctant to use Bitcoin because they feel uncomfortable with the price, They can still use stablecoins or also use fiat to keep gambling, and I would prefer stablecoins while never using fiat in gambling so far, and actually with enough crypto choices it doesn't really matter anymore.

The key on here is that you should really be that dividing your funds on which there would really be those Bitcoin wallet which is really that intended for long term holds and there is that another wallet which is really that intended for gambling use. If you do mind much about Bitcoin price fluctuations then it would really be that something stressful on the moment that you have seen the price moving that much. Plus on the time that you would really be losing those precious Bitcoin then it would really be giving out that kind of feeling that could stress you out rather than on entertaining yourself on playing gambling. This is why it would really be that important that you should really be knowing on what are your dealing with. For me then spending up my Bitcoins in gambling then it would really be just that fine because on the moment that you would really be making yourself be mindful
about your Bitcoin spending then it would really be that stressful.

Its never been ideal that you should really be that doing your gambling activity for you to generate or earn more BItcoins because its never been that a good option for you to do so.
It is really just that for entertainment and not something as good or in compared with your are doing trading on which we know that it would really be that entirely be different.
This is why it would really be basing up on someones views and perceptions towards it.

when you consider how small the fraction of the amount of BTC or any other coin you use in gambling is, you will know that it's not necessary to consider the volatile nature of Bitcoin while gambling. What has been a serious factor to be considered is if it's easy to gamble with Bitcoin as someone that's an holder who is just trying to build a good portfolio. The answer is still that your holding is your holding and shouldn't be same with what's happening with your gambling wallet. For your Bitcoin holding, you're conscious on how volatility affect the amount you've accumilation and might even consider buying when the market is low but that's not necessary when you're considering a gambling case. For gambling, you gamble at a very short period of time which doesn't really affect the amount you're using for your gamble. If you're Gambling with Bitcoin just before a game start and in the next two hours you should be done with the bet, does the price of Bitcoin really change within that two hours or so?

Not at all, I don't look at the value of bitcoin fluctuations, it's a gamble so that's what's at stake after all, can the volatility of bitcoin affect gamblers? I don't think so, not many people feel it.

People deposit bitcoin in the usual down / up state they don't care about it they see in terms of betting using dollars / euros then this will remain the same, because this is not to seek profit from price volatility.

sometimes the rapid change in Bitcoin value does make my mood less comfortable. although actually, it does not affect my interest when I want to play. but usually, I postpone playing when the situation is like that.
not because of the Bitcoin value, but because of the mood that might make me act stupidly following the desire to pursue victory. but that would not mean much. anxiety sometimes comes because of wanting to follow market developments. the decline is usually related to the news. afraid of being a little behind the news.

It's really weird to see someone gamble by looking at volatility of the currency they use.

If Bitcoin price down, it means you need to risk more or gamble more in order to earn, what's the point to risk something when your money only back like when the initial price?

If Bitcoin price up, it means you don't have to risk more since you're already in profit, but some people feel discouraged to gamble because they can just sell it.

I never care with how much the unrealized profit/loss of the currency I use to gamble.

Changes in the crypto market, especially Bitcoin, are not only happening now, the phenomenon of price changes has occurred earlier in previous years, I have never seen them, gamblers who influence gamblers in placing bets, in fact I see users who gamble increase sharply, due to the fluctuations that occur in the crypto market.

That's the advantage of online crypto casinos, even though crypto currency is prioritized on online gambling sites, there are still many alternative types of crypto that you can use when gambling, Even though the price of Bitcoin rises or falls, honestly I am not influenced to stop or continue gambling, I can take other alternatives to make deposits or withdrawals.

No it doesn't. Actually, it has never did. I'm trying to gamble with affordable amounts and whatever the price, I'll never be shocked too much if I lose. Besides, most casinos adjust their minimum bets to the current price, so I don't see any problem here in any case.

Though if bitcoin increase one could decides to use fewer satoshi to gamble than when price rises but still there is no difference and it's a matter of choice whether to gamble or not. Lot of users don't sparing their bitcoin to gamble when the price seems too dip to alter it for gambling, because they felt that they are losing and of course if converting to usdt there is lost in it since you would have a stable amount on the reverse as  finite amount.

Not really. I have budget dedicated for gambling regardless of the price of Bitcoin while I have separated budget for investments and trading that’s why everything is normal for me when it comes to gambling.

I consider gambling as pure entertainment and not related to invested or some sort that can gain profit so the price action on Bitcoin really doesn’t matter.

I think those Bitcoin maximalist that involves on gambling can be affected since they might want to recover some of there losses by gambling their Bitcoin.

The fluctuating price of bitcoin is not really a big deal for me. We are not trading, which is certainly a trade factor, but we are gambling, where we put our bets without thinking about the value of bitcoin in the market. It is different when fees are higher, quite making me pause waiting to drop, but when it comes to gambling, it is a different approach. This is not a difficult thing when you are gambling occasionally and are just having fun, as there is no pressure that urges you to gamble.

I was an addicted gambler, which is why I don't feel the impact of it. Maybe if the price of bitcoin is too high, that might give a reason to keep it rather than use it for gambling. 

If bitcoin dips or pump, it is still the same when you are gambling because you are gambling based on the current price of bitcoin. The price of bitcoin does not affect my gambling activities because I don't see any disadvantage in gambling with bitcoin at whatever price it is.

I use more of USDT when gambling because the price is stable and I don't have to think about the price of bitcoin or how much that I intend using to gamble since I already have set a gamble budget for myself.

Yeah I don't think anything should alter one's choices or decisions of gambling,be it the rise in BTC or not you can still gamble at your leisure time provided your spending the amount you can afford to lose.
So it shouldn't be because price of BTC is high you can't gamble and all that,just know it's the fun you get.

For me nothing changes my decision of gambling with  BTC in crypto casinos cause I know for sure that I don't do that on daily basis,instead of using my BTC to gamble in casinos I preferred it being invested in anything that'll generate more for me,cause gambling in the casinos with it and just as the price increase nothing is added to your BTC so why i don't see a big deal in it cause if I decide to gamble with it amidst the high in price and all that I gamble at my lowest.

Frankly speaking, no matter how volatile bitcoin is, it does not really affect my gambling activity in crypto casino because of 2 reasons as below:

• I have gambling budget limit which is based on my own local currency IDR or sometime USD, so I wont spend more than my own gambling budget as I can manage it easily if I use IDR/USD no matter how much is the price of bitcoin when I want to buy it
• My main reason is I do not really use bitcoin when it comes to gambling because I like to use altcoin such as TRX,LTC, DOGE or USDT

What affects my gambling activity when I have to use bitcoin is when the transaction fee is too expensive because it may cost me too much or even more than my initial budget.