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.
Topic: Fiat or crypto betting in bear market? - page 2. (Read 1241 times)
Ill go for fiat for now. Bitcoin's market value is fit for holding until the market becomes stable. It also makes me have more resources when the prices are still low. A few bets maybe but not as many as possible. We can still have fun using fiats and i think that has no difference at all.
I think it is better for us to not playing gambling for now because we still used fiat, we still want to see bitcoin and altcoin market to go up in someday. I think by take a break for a while from gambling, it could help us to refresh our mind and we can do another thing so when we decide to come back in the bull market, we could have a new power
In the bear market, it will be good for us if we can just hold bitcoin or altcoin, so we don't have to spend on unnecessary things if we are not selling to make some profit. But if you still want to play gambling with fiat, then you are free to choose but still be careful because you can lose your money.
Yes, crypto are valuable assets and keeping in view that one day bitcoin will rise to 50K or more, it is not wise to risk it in gambling. It is better to keep the crypto assets save with us. Doing gambling with fiat is good option but still do not risk the amount which you think is not affordable to lose.
Ill go for fiat for now. Bitcoin's market value is fit for holding until the market becomes stable. It also makes me have more resources when the prices are still low. A few bets maybe but not as many as possible. We can still have fun using fiats and i think that has no difference at all.
I think it is better for us to not playing gambling for now because we still used fiat, we still want to see bitcoin and altcoin market to go up in someday. I think by take a break for a while from gambling, it could help us to refresh our mind and we can do another thing so when we decide to come back in the bull market, we could have a new power
In the bear market, it will be good for us if we can just hold bitcoin or altcoin, so we don't have to spend on unnecessary things if we are not selling to make some profit. But if you still want to play gambling with fiat, then you are free to choose but still be careful because you can lose your money.
I don't know man, seems like it doesn't matter whether bear or bull is happening, I am only using my crypto asset as gambling money. My fiat money is not free money though, I use it to pay my bill and living-cost. And my crypto is free to be spent on anything, and I mostly gambling for fun. So, yeah I will still use crypto even when it is bearish.
And is crypto free money for you? You must be one lucky guy
I have a different understanding of this. Fiat money won't go up in value but it will go down 2% a year due to inflation. Crypto can go up by a lot in the next bull market. Why would I spend something that can rise in value and hold something that falls inevitably?
I think money is money whether it be crypto or fiat. It depends which you are earning. Most people are earning crypto through online methods while getting Fiat from their daily jobs / Business etc. You can use either crypto or Fiat in betting as if you lose any amount of both, it will be a loss of course. Since both are convertible to another so it does not make sense to use Fiat for gambling just because crypto can rise in future.
~ Why would I spend something that can rise in value and hold something that falls inevitably?
I agree with you on this. However, since I never play with significant amounts it doesn't matter for me whether we are in bear market or not. Yes I know that $1 I lose today in crypto can be worth $5 someday in the future, and maybe even this year, but even losing $5 is not the end of the world, right? Besides, $1 is not the smallest amount you can bet with on crypto gambling sites. You can play with fractions of a cent there, which is hardly possible on fiat sites.
Ill go for fiat for now. Bitcoin's market value is fit for holding until the market becomes stable. It also makes me have more resources when the prices are still low. A few bets maybe but not as many as possible. We can still have fun using fiats and i think that has no difference at all.
That doesn't make any sense because both are same for a bearish and a bullish market. If you are going to lose 1 BTC now, you are going to profit 1 BTC too. Anyway, if your BTC have been bought back in the time of high price, it will be better to consider only BTC.
If you are focus on gambling, this price fluctuation in the market will not affect you. The value will rise and dump and you still stick with your method which is to cash out regularly, sometimes the timing is bad, sometimes good.
So, there's really no significant effect on your winning.
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.
It would depend still on the gambler himself.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.
Some people would surely choose fiat because it would be cheaper in a sense that its value is consistent unlike in cryptos which changes from time to time, and whenever it is falling, your losses would be bigger. I would say that things are just equal. Indeed, fiat would be cheaper in a sense of having a consistent value but the transaction fees would surely cost higher. In cryptos, transactions are faster yet costs less. And personally, I do prefer using crypto for betting in gambling games than using fiat because of the convenience that it is giving to the users. We are on the era of block chain technology in gambling industry, and it won't happen for no reason.
That doesn't make any sense because both are same for a bearish and a bullish market. If you are going to lose 1 BTC now, you are going to profit 1 BTC too. Anyway, if your BTC have been bought back in the time of high price, it will be better to consider only BTC.
I don't know man, seems like it doesn't matter whether bear or bull is happening, I am only using my crypto asset as gambling money. My fiat money is not free money though, I use it to pay my bill and living-cost. And my crypto is free to be spent on anything, and I mostly gambling for fun. So, yeah I will still use crypto even when it is bearish.
And is crypto free money for you? You must be one lucky guy
I have a different understanding of this. Fiat money won't go up in value but it will go down 2% a year due to inflation. Crypto can go up by a lot in the next bull market. Why would I spend something that can rise in value and hold something that falls inevitably?
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.
It would depend still on the gambler himself.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.
Some people would surely choose fiat because it would be cheaper in a sense that its value is consistent unlike in cryptos which changes from time to time, and whenever it is falling, your losses would be bigger. I would say that things are just equal. Indeed, fiat would be cheaper in a sense of having a consistent value but the transaction fees would surely cost higher. In cryptos, transactions are faster yet costs less. And personally, I do prefer using crypto for betting in gambling games than using fiat because of the convenience that it is giving to the users. We are on the era of block chain technology in gambling industry, and it won't happen for no reason.
I don't know man, seems like it doesn't matter whether bear or bull is happening, I am only using my crypto asset as gambling money. My fiat money is not free money though, I use it to pay my bill and living-cost. And my crypto is free to be spent on anything, and I mostly gambling for fun. So, yeah I will still use crypto even when it is bearish.
And is crypto free money for you? You must be one lucky guy
I have a different understanding of this. Fiat money won't go up in value but it will go down 2% a year due to inflation. Crypto can go up by a lot in the next bull market. Why would I spend something that can rise in value and hold something that falls inevitably?
I don’t look much in the market when I’m gambling because I believe that coins that I will be using is already a loss for me so whether its bear or not, if you just gamble with it that money will already gone. I can still play on the casinos, and of course on crypto gambling site it will really depend on you, and on what you are believing for.
I always trying to bed with only Bitcoin because other waiting will not be more profitable and convenient for me to do proper gambling because everyone need huge income that's why we are using gambling ,in gambling the Bitcoin betting is always be a huge profitable way.
You think so? Gambling is not for everyone it is just like trading once you don't have skills and luck then you are no good for this. I hope you wouldn't lose much money or crypto on gambling if you think you can make a lot of money from gambling then think again. Everyone was trying to gamble in order to make some money but it turns out that the house was making money out of them. Good luck on your journey!
I always trying to bed with only Bitcoin because other waiting will not be more profitable and convenient for me to do proper gambling because everyone need huge income that's why we are using gambling ,in gambling the Bitcoin betting is always be a huge profitable way.
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.
It would depend still on the gambler himself.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.
Some people would surely choose fiat because it would be cheaper in a sense that its value is consistent unlike in cryptos which changes from time to time, and whenever it is falling, your losses would be bigger. I would say that things are just equal. Indeed, fiat would be cheaper in a sense of having a consistent value but the transaction fees would surely cost higher. In cryptos, transactions are faster yet costs less. And personally, I do prefer using crypto for betting in gambling games than using fiat because of the convenience that it is giving to the users. We are on the era of block chain technology in gambling industry, and it won't happen for no reason.
I don't know man, seems like it doesn't matter whether bear or bull is happening, I am only using my crypto asset as gambling money. My fiat money is not free money though, I use it to pay my bill and living-cost. And my crypto is free to be spent on anything, and I mostly gambling for fun. So, yeah I will still use crypto even when it is bearish.
Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.
Yes, gambling with cryptos have lots of advantages like being anonymous from our government as well as from other family members. I wonder why still some gamblers are going for betting with fiats and I am curious to know how they are managing their gambling activities from their family members as gambling with fiats might lead to many family problems when they are coming to know about it. 
Crypto always,if you love to play in the gambling sites,and we also not much options to choose for the betting with fiat in my country so I always go for the crypto gambling sites whatever the market will be.I use the fiat money to crypto exchange whenever I want to gamble so there won't be much difference for me to play in crypto or fiat.
Yes, gambling with cryptos have lots of advantages like being anonymous from our government as well as from other family members. I wonder why still some gamblers are going for betting with fiats and I am curious to know how they are managing their gambling activities from their family members as gambling with fiats might lead to many family problems when they are coming to know about it. It is better to not gamble at this moment, and it's better to save your money for another thing. We don't know when it's over and with a stop for playing gambling for a while, we can learn about controlling ourselves and I think it will use for ourselves too. But you could still gamble if you want, and I suggest you use the altcoin than the bitcoin because the altcoin is cheap right now.
I think this bear market can't affect the gamblers from doing their thing.
Bear market is a usual stuff for cryptocurrencies. I mean they are volatile and they are vulnerable to sudden changes since little movements can affect the price of it. If I am a addicted gambler, the price of the crytocurrency I am using don't matter, what matters is that I am still winning the games I am playing and I am earning good profits in the long run in which I think does not really happen because we are all talking about gambling.
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