This is something similar to chasing the loss. And that's exactly what happens with Bitcoin and cryptos. When the price goes down some user feels like they are losing, and they want to recover, that's why they deposit on casinos to try to recover the amount they used to have.
I mean, not all gamblers act like that, but if you look at the casino statistics, you will see more gamblers when the price moves down than when the price moves up.
Topic: Does the changing value of BTC affect your decision to gamble in crypto casinos? - page 7. (Read 994 times)
August 15, 2024, 08:36:59 AM
August 15, 2024, 08:30:29 AM
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 My question is that's do you gamble with BTC? Because that the only time you can be worry about your gambling activities. BTC price doesn't actually affect your gambling in any way. If you have some goals you want to complete with your gambling profits like buy BTC during the dips, then you should or must to prepare the funds before the dips so you don't miss the buy opportunities. Don't force yourself into any bets or games just because you want to rush a make quick profits to buy BTC. You might be taking big risk and loss so much.
August 15, 2024, 08:22:58 AM
You need to be staking on games that takes days or weeks to be settled for the change in price to matter much if you're expecting to profit from increase in the price of your potential winnings.
Just like the United States presidential election. On Stake, to bet on the election is there but it still remain some months before the election day. Also another one are the outrights on bookies. I do not see it having any effect on me but I have noticed someone that posted about something like this on this forum recently about the United States presidential election. Maybe I think like this because of how bitcoin price is now. Maybe if the price is very low already, I may think otherwise. Sometimes I convert the coin to USDT to bet and if I win, I convert the coin back to BTC. 
August 15, 2024, 08:20:16 AM
Nope. Bitcoin's price dropping gives me pause about gambling. While the potential to double my money seems enticing, I've learned the hard way that chasing losses rarely pans out well. When things are already risky, adding gambling to the mix feels like asking for trouble.
Sure, I enjoy the occasional gambling session when I have some disposable funds. But gambling with my Bitcoin investments would keep me up at night worrying. With so much uncertainty around Id rather not add more. Maybe I'm missing out on a chance to make a quick buck. Yet I know from experience, one loss could tempt me to throw good money after bad, trying to break even. Peace of mind is worth more to me.
Sure, I enjoy the occasional gambling session when I have some disposable funds. But gambling with my Bitcoin investments would keep me up at night worrying. With so much uncertainty around Id rather not add more. Maybe I'm missing out on a chance to make a quick buck. Yet I know from experience, one loss could tempt me to throw good money after bad, trying to break even. Peace of mind is worth more to me.
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August 15, 2024, 08:11:55 AM
For me yes since I usually DCA whenever Bitcoin dump hard which means all my Stablecoins will be converted to Bitcoin and other altcoins so I’m obligated to play ing Bitcoin and other currencies but usually Bitcoin.
My aim is to increase my Bitcoin quantity holding through gambling and at the same time holding it until it will grow in price. It’s very rare for me to not gamble in Bitcoin when the price is down because I’m always aiming for double profit when I win in the casino and at the same time Bitcoin price grow.
Although my frequency on gambling is not changed but rather the currency type that I’m using is the one being affected.
My aim is to increase my Bitcoin quantity holding through gambling and at the same time holding it until it will grow in price. It’s very rare for me to not gamble in Bitcoin when the price is down because I’m always aiming for double profit when I win in the casino and at the same time Bitcoin price grow.
Although my frequency on gambling is not changed but rather the currency type that I’m using is the one being affected.
August 15, 2024, 08:11:47 AM
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.
August 15, 2024, 08:05:38 AM
No, changing value of BTC has never been a factor for me in gambling. You need to be staking on games that takes days or weeks to be settled for the change in price to matter much if you're expecting to profit from increase in the price of your potential winnings.
I play on many casinos which fixes amount in any centralized currency of your choice so market volatility doesn't matter
I play on many casinos which fixes amount in any centralized currency of your choice so market volatility doesn't matter
August 15, 2024, 07:59:33 AM
I can not think of it at all. I am just gambling with a tiny amount of money that I earn weekly. The last time that I bet which was last week on two matches in Portuguese league, I first use almost but not up to 4% of the money that I earned that week. The second match was with less than 2.2% of the money that I earned that weekly. I do not think of it at all because I bet with just tiny amount that I can afford to lose.
August 15, 2024, 07:54:29 AM
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 Jump to: