Fiat or crypto betting in bear market?

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Quote from: Idrisu on March 04, 2019, 04:29:02 PM

Quote from: Ucy on March 03, 2019, 12:21:16 PM

It all depend on the betting site. If they receive payment in crypto without adjusting their price in fiat value then it is OK to gamble with crypto. But I doubt if most betting sites wouldnt adjust their prices

I think the price are fixed and there is no much different and adjustments in pricing in any betting sites. I have not come across any sites that the betting price are different in both crypto and fiat.

Basically the amount is same whether you calculate in fiat or crypto. The only difference is that crypto is easy to deposit and withdraw on betting sites while in order to deposit fiat you need to have credit cards etc which of course not everyone has.
I prefer bitcoins in gambling sites in both bear and bull market.

kurian

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People who prefer anonymous gambling would still use cryptos for betting regardless the market conditions. If someone is worried about the volatility of crypto, they can always take the advantage of using dollar pegged cryptocurrencies. By using them, they need not to worry about the market conditions. For me, I prefer playing with crypto than gambling with fiat money.

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Quote from: emberbekas on March 05, 2019, 01:15:33 AM

Quote from: trashman43 on March 04, 2019, 03:56:16 PM

The current situation of the crypto market does not affect my betting strategy. To be honest, I prefer betting in crypto than in fiat. Betting in crypto helps me to accumulate a lot of bitcoin or ethereum whenever I win a bet. I see cryptourrency as a currency which its value changes constantly, once betting with it, the value is of less importance to me. I'm just concern about how i will be able to accumulate more of it...

After all, we can convert our cryptos into fiat or any stable coins as soon as we end our gambling session and buy again whenever we want to gamble. That's for gamblers who don't want to be bothered by the volatility of crypto currencies.

You will be affected by it anyway.
First of all, your gambling session won't last a couple hours. You have to deposit funds, gamble, request your coins to be transferred back which can take hours at some casinos. Also, it's better to use your wallet first and not directly to an exchange, because some services in case of a stuck transaction or any other problems won't refund you unless you can provide ownership of the address. During that process the exchange rate can change by a lot. Also, you will have to pay fees each time you buy and sell your cryptos. I don't think that's worth the struggle.

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Quote from: emberbekas on March 05, 2019, 01:15:33 AM

Quote from: trashman43 on March 04, 2019, 03:56:16 PM

The current situation of the crypto market does not affect my betting strategy. To be honest, I prefer betting in crypto than in fiat. Betting in crypto helps me to accumulate a lot of bitcoin or ethereum whenever I win a bet. I see cryptourrency as a currency which its value changes constantly, once betting with it, the value is of less importance to me. I'm just concern about how i will be able to accumulate more of it...

After all, we can convert our cryptos into fiat or any stable coins as soon as we end our gambling session and buy again whenever we want to gamble. That's for gamblers who don't want to be bothered by the volatility of crypto currencies.

We just need to be educated in order to make this things properly done.
Volatility is not a problem anymore if you are gambling because we already have a lot of stable coins, but it's good to gamble when the market is bearish because we can get a better value. As people get more educated about crypto, I am seeing more and more adoption to come in the long run.

emberbekas

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Quote from: trashman43 on March 04, 2019, 03:56:16 PM

The current situation of the crypto market does not affect my betting strategy. To be honest, I prefer betting in crypto than in fiat. Betting in crypto helps me to accumulate a lot of bitcoin or ethereum whenever I win a bet. I see cryptourrency as a currency which its value changes constantly, once betting with it, the value is of less importance to me. I'm just concern about how i will be able to accumulate more of it...

After all, we can convert our cryptos into fiat or any stable coins as soon as we end our gambling session and buy again whenever we want to gamble. That's for gamblers who don't want to be bothered by the volatility of crypto currencies.

GreatOrchid

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Quote from: mallorcagold on November 24, 2018, 08:48:58 AM

Want your opinion on this guys.

We are situated in a bear market for some time and with a huge crash happened the past 2 weeks.

Do you guys keep betting with crypto and stack your crypto profits or do you prefer to switch to fiat betting and convert fiat winnings in crypto?
Me personally I love to bet on sports, fiat as well as on crypto platforms. However during the crash I switched to betting on fiat bookies for 90% of my bets.
Profits i make at this moment with fiat bookies i use to buy crypto cause of the cheap prices. those converted profits i deposit on crypto bookies and try to make some profits in crypto as well.

Don't know you share the same strategy or rather stick to fiat and/or crypto bookie as you usually do.

Fiat bookies aren't easily available and also their is always a constant risk of the government while betting on with centralised currency and this is what makes me stick with the decentralised currencies i.e cryptocurrencies always. Cryptocurrencies makes us feel safer and also the transactions goes much smoother so even in bear markets, i would prefer going with cryptocurrencies, but if you have any better bookie who can bet for you even with Fiat currency with a higher rate than you can surely go for it.

Polar91

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I'll choose crypto for betting. It's because it gives anonymity to me, thus I'll be comfortable without worrying. What I don't like in fiat is the process. The bank may know that you're using your bank account for gambling and if they found out that it's not registered, they might close your bank account.

iqlimasyadiqa

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I will still choose digital currency compared to fiat. Despite the ever changing situation, I think that digital currencies have many advantages such as flexibility and security that are very good. besides that we also have a speed. one more thing that anonymous is important in gambling, personal information is safe because digital currencies have anonymous properties. so let's play gambling safely and comfortably using digital currency as the main media for financial transactions in gambling.

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Quote from: Idrisu on March 04, 2019, 04:29:02 PM

Quote from: Ucy on March 03, 2019, 12:21:16 PM

It all depend on the betting site. If they receive payment in crypto without adjusting their price in fiat value then it is OK to gamble with crypto. But I doubt if most betting sites wouldnt adjust their prices

I think the price are fixed and there is no much different and adjustments in pricing in any betting sites. I have not come across any sites that the betting price are different in both crypto and fiat.

Price equivalence won't vary with bitcoin as well with the fiat. People who prefer going with cryptocurrency on gambling will never look for the value in terms of USD. Most prefer to go upon bitcoin which will let to get good earning through when the market progress forward as cryptocurrency market is supposed to make difference periodically.

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Quote from: sheenshane on March 03, 2019, 11:31:34 AM

Quote from: passwordnow on March 03, 2019, 10:47:49 AM

I'll go also with those gamblers that chose fiat betting. I'm also very optimistic about bitcoin rising up very soon so I don't want to miss that moment that the current coin that I hold will increase.
I can survive to wait for that time until it comes rather than will go gamble with my precious coin and regret later after witnessing the price pump. I can endure the temptation to go gamble all in with crypto, I'll still gamble with crypto but it's minimal.

It looks like people now are really saving their crypto asset and wait for the bullish trend and didn't expend it due to the market crash. Just like me, previously I used my bitcoin to in betting and other gambling site but now I've realized that it is regrettable if you witness the market goes up but you don't have any fraction of bitcoin because all of them you have lost. I much prefer to used fiat in gambling as of now.

The market situation isn't ideal to gamble with bitcoin for holders but we have an option to gamble with other crypto's that we prefer to gamble with. Like those altcoins that are also accepted but with bitcoin I'm very minimalist to it for the meanwhile. But if you insist and you think that luck is ticking you, go ahead but do it minimal. We are minimizing those moments that we're going to regret that we gamble with crypto so think before gambling, there's nothing wrong whether you chose to go fiat betting or crypto betting. As long as you know what you do and understands the consequence of it.

Idrisu

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Quote from: Ucy on March 03, 2019, 12:21:16 PM

It all depend on the betting site. If they receive payment in crypto without adjusting their price in fiat value then it is OK to gamble with crypto. But I doubt if most betting sites wouldnt adjust their prices

I think the price are fixed and there is no much different and adjustments in pricing in any betting sites. I have not come across any sites that the betting price are different in both crypto and fiat.

trashman43

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Quote from: sheenshane on March 03, 2019, 11:31:34 AM

It looks like people now are really saving their crypto asset and wait for the bullish trend and didn't expend it due to the market crash. Just like me, previously I used my bitcoin to in betting and other gambling site but now I've realized that it is regrettable if you witness the market goes up but you don't have any fraction of bitcoin because all of them you have lost. I much prefer to used fiat in gambling as of now.

I don't think there is gonna be a bull run this year or next year. The crypto market is currently in a state where the prices are within a certain range of prices which is some how trying to stabilize. And with regard to betting with either crypto or fiat, the value is the same. When you bet in fiat and you lose, your money is gone, and when you bet with your crypto coin and lose, your money is also gone.

trashman43

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The current situation of the crypto market does not affect my betting strategy. To be honest, I prefer betting in crypto than in fiat. Betting in crypto helps me to accumulate a lot of bitcoin or ethereum whenever I win a bet. I see cryptourrency as a currency which its value changes constantly, once betting with it, the value is of less importance to me. I'm just concern about how i will be able to accumulate more of it...

cryptovigi

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I personally do not see the difference between betting on fiat and crypto. you can always bet on crypto and if you win, exchange them for fiat or vice versa - what a difference ...
some write that it is better to bet in the crypto because the win may increase if the odds increase but it may fall down as well and then the win will decrease - in my opinion both ways are equitable

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Quote from: Ucy on March 03, 2019, 12:21:16 PM

It all depend on the betting site. If they receive payment in crypto without adjusting their price in fiat value then it is OK to gamble with crypto. But I doubt if most betting sites wouldnt adjust their prices

yes you are correct it always depends upon how the gambling sites will make their adjustment with them Fiat value then only we can make higher income from this type of state that we are facing here.

omonuyak

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Quote from: darkangel11 on November 24, 2018, 11:36:16 AM

Whenever crypto market goes into a state of depression I usually exit and forget about it for some time. I don't want the depression to influence my actions and my mood, so I don't check the price, don't sell any cryptocurrency and don't gamble with it. If you hold cryptocurrency bought earlier this year don't sell it and don't spend it because you'll get much less than you should.

Did you know there is a lot of money to be made during depression and downwards trend? Betting and binary options traders really do make good money during depression like this and learn of how to predict were the market will be par time maybe what you will just be doing in other to make good money from the market.

Ucy

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It all depend on the betting site. If they receive payment in crypto without adjusting their price in fiat value then it is OK to gamble with crypto. But I doubt if most betting sites wouldnt adjust their prices

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Quote from: sheenshane on March 03, 2019, 11:31:34 AM

Quote from: passwordnow on March 03, 2019, 10:47:49 AM

I'll go also with those gamblers that chose fiat betting. I'm also very optimistic about bitcoin rising up very soon so I don't want to miss that moment that the current coin that I hold will increase.
I can survive to wait for that time until it comes rather than will go gamble with my precious coin and regret later after witnessing the price pump. I can endure the temptation to go gamble all in with crypto, I'll still gamble with crypto but it's minimal.

It looks like people now are really saving their crypto asset and wait for the bullish trend and didn't expend it due to the market crash. Just like me, previously I used my bitcoin to in betting and other gambling site but now I've realized that it is regrettable if you witness the market goes up but you don't have any fraction of bitcoin because all of them you have lost. I much prefer to used fiat in gambling as of now.

Due to the high volatility of the bitcoin and knowing that we are in a market of accumulation phase, I do not see still profitable to bet with FIAT, I prefer to take advantage of the high volatility to accumulate satoshis that at some point the price of the bitcoin will rise.
In a bear market, the satoshis increase with the prizes, just keeping them would be playing a double game to win.

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Quote from: passwordnow on March 03, 2019, 10:47:49 AM

I'll go also with those gamblers that chose fiat betting. I'm also very optimistic about bitcoin rising up very soon so I don't want to miss that moment that the current coin that I hold will increase.
I can survive to wait for that time until it comes rather than will go gamble with my precious coin and regret later after witnessing the price pump. I can endure the temptation to go gamble all in with crypto, I'll still gamble with crypto but it's minimal.

Are you dream11 betting or any casino site betting person? there are people really crazy about the gambling site recent days because of club matches. It is really good about making money if you follow the strategy which is been published on the youtube or other sites.

If you own funds with major cryptos or gambling site token utilize it do not bother about the amount you spend on it. Definitely luck will speak to your side for sure.

sheenshane

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Quote from: passwordnow on March 03, 2019, 10:47:49 AM

I'll go also with those gamblers that chose fiat betting. I'm also very optimistic about bitcoin rising up very soon so I don't want to miss that moment that the current coin that I hold will increase.
I can survive to wait for that time until it comes rather than will go gamble with my precious coin and regret later after witnessing the price pump. I can endure the temptation to go gamble all in with crypto, I'll still gamble with crypto but it's minimal.

It looks like people now are really saving their crypto asset and wait for the bullish trend and didn't expend it due to the market crash. Just like me, previously I used my bitcoin to in betting and other gambling site but now I've realized that it is regrettable if you witness the market goes up but you don't have any fraction of bitcoin because all of them you have lost. I much prefer to used fiat in gambling as of now.

Topic: Fiat or crypto betting in bear market? (Read 1222 times)