Topic: Fiat or crypto betting in bear market? - page 7. (Read 1241 times)
It is better to use crypto, and I prefer to use altcoin than bitcoin because the altcoin price now is too low so I can buy a lot of altcoin amoung and use some of the amounts for betting. I don't want to use bitcoin because I want to try to increase my bitcoin amount by trading and since the altcoin price does not increase yet, it is better to save bitcoin or use bitcoin for trading. But perhaps, this time we need to stop for a while and only watching the crypto price at the market and not doing gambling.
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.
If you want to spend your winnings after you got it then you should convert it into fiat or just go play again and lose some of them.But swapping to fiat betting when the market is bearish doesn't make any sense because we are going to risk the same amount in fiat or crypto,if we win we can convert into fiat as soon as possible with ease so crypto betting is always best even when the market is bearish. 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.
If I have an account for fiat bookies i'll definitely stick with it over crypto but since i'm not a fan of KYC I have to go with BTC bookies. Losing money when betting Bitcoin doesn't really bother me because I don't spend too much on gambling and i'm used to the price movements. At first you might not like it but eventually you'll get used to the short term swings.
Sometimes when i'm on a hot winning streak I withdraw a portion of my betting balance to another sportsbook so I can take advantage of their odds and live betting .
Sometimes when i'm on a hot winning streak I withdraw a portion of my betting balance to another sportsbook so I can take advantage of their odds and live betting .
I still prefer crypto in gambling no matter what the price is and the situation we have. For most of the time when i'm playing, I'm setting my goal in number of btc. Like when the price goes up my goal is. 01btc, even the price goes down still my goal is the same. I don't depend on price so there's no used for me to be in fiat betting.
With no doubts it's better to play now with fiat considering the crisis in Crypto market. No one wants to play some Dice watching all his bankroll melting meanwhile because market's high volatility. However for many gamblers there is no option, they have to play with Crypto-Currency, as gambling is forbidden on their countries and everyone playing for fiat, even online, are being tracked by the authorities.
It is pretty obvious for most in the community that is in a bearish market they will keep on holding and any kind of selling if they are using cryptocurrency is a no for them and they consider gambling as a forbidden thing to do, But in the upcoming holiday season there are still gonna be needing to sell a little of their bitcoin to celebrate this holiday,
And if you are asking if there are still going to bet on cryptocurrency I really think that cryptocurrency betting is not an option, for now, maybe a lot of online gambling sites are in a loss of players right now, Well I think casinos are the same as always there will still be people playing with their fiat money and in crypto betting they will be a lesser players that will attempt to use bitcoin and other cryptocurrencies.
And if you are asking if there are still going to bet on cryptocurrency I really think that cryptocurrency betting is not an option, for now, maybe a lot of online gambling sites are in a loss of players right now, Well I think casinos are the same as always there will still be people playing with their fiat money and in crypto betting they will be a lesser players that will attempt to use bitcoin and other cryptocurrencies.
When you have obtain some profit, spend on somewhere else , convert into fiat and put on another legit investment.
I can say that the red blood is not over yet , maybe the hell will be coming in Dec 2018
So my advice : only put your crypto fund that you can afford to loss and withdraw the others !
I can say that the red blood is not over yet , maybe the hell will be coming in Dec 2018
So my advice : only put your crypto fund that you can afford to loss and withdraw the others !
Yeah but he is asking if he should use Bitcoin or Fiat.. He is not asking about the mood of the market and if you hold or sell.
Better to pay more attention to what you are replying, my friend, because you have zero comprehension.
Anyway, i would not bet on BTC at the moment.
Better to pay more attention to what you are replying, my friend, because you have zero comprehension.
Anyway, i would not bet on BTC at the moment.
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.
me neither. i only bet the BTC or other crypto that i bought with my profits.
Not gambling with crypto that i bought at a higher point. I think that could be a good approach. If it is crypto bought at this moment its worth a gamble and try to increase crypto balance. Can be double profit IF market is going up again. And if i loose those bets than i only lost the crypto i bought from fiat profits. So no big deal
Yeah but he is asking if he should use Bitcoin or Fiat.. He is not asking about the mood of the market and if you hold or sell.
Better to pay more attention to what you are replying, my friend, because you have zero comprehension.
Anyway, i would not bet on BTC at the moment.
Better to pay more attention to what you are replying, my friend, because you have zero comprehension.
Anyway, i would not bet on BTC at the moment.
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.
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.
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.
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.
Jump to: