Friendly advice/warning about gambling in this market

prtty2gal2

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Quote from: Hotrod_88 on March 09, 2019, 09:41:19 AM

Cashout time is surely important but the time when you bought BTC in the first place is also essential to look up upon since it will be the basis of the money you can earn.
But then again, it all goes down to the purpose of why you are playing online gambling. This game has various purpose that is depend upon its users definition. To what gambling is for you, will dictate you strategy, you willingness to play, and how patient you are in playing. Many people disregard their purpose after a few days of playing and it makes them quit it.

The three elements of gambling are consideration, risk (chance), and a prize. We all must understand that the last one isn't just about the money. Gambling per se also provide good entertainment to its players. The thrill of winning is what entices the players to gamble and the money is mostly for the purpose of repeating the game of gamble.

Thanks for this mate; I think you have said it all; it all boils down to the purpose of first starting gambling.
Many do it for entertainment and they definitely will not share same playing tactics with those who are involved in it for the money. Like the above mate, has however clarified that it all depends on how long one intends to stay on the gambling because even on ordinary days people loose.

Well, the overall answer knows when why you are playing and if you do not mind making loses but if the goal is to make money, I think it is important to know when to spend Bitcoin especially when it comes to betting.

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Quote from: bigmaster23 on November 15, 2018, 01:10:03 PM

Thanks for informing us mate, probably even if you won on gambling there's nothing left to be called as profit because the btc could turn against your winning streak.

I will only gamble on fiat for this week or so.

Indeed mate ,@LFC_Bitcoin is always been here for cryptonians to help and this advice is truly a friendly from someones having a concern for others.thanks for this LFC as this may bring more careful for us when it gets to gambling habits

@bigmaster23 its much better to gamble in fiats as bitcoin can grow anytime because of what we all know are volatile

Hotrod_88

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Quote from: wow.magic on March 09, 2019, 09:10:40 AM

Quote from: Hotrod_88 on March 09, 2019, 08:55:12 AM

Quote from: LFC_Bitcoin on November 15, 2018, 11:06:32 AM

Guys, you can tell me to fuck off if you want but as a fellow gambler & I suppose a friend I want to give a bit of advice -

The bitcoin price has been INCREDIBLY VOLATILE over the last 24 hours & is probably set to continue that way for the next few days/weeks in some part due to the civil war over at BCH betwwen Ver/Wu & CW.

With what they’re doing (selling BTC to support their shit show) it’s made the BTC price crash (plus traders making it worse by panic selling).

Any way it doesn’t really matter why the price is volatile AF but it is. This affects gamblers & the bets you’re placing. A $20 (in bitcoin) bet made 2 days ago for football games tonight isn’t the same as placing a $20 bet (in bitcoin) tonight.

Just be fucking careful please guys because you could get burnt badly (your winnings might look like shit by the time your result comes in with the way the price of bitcoin is going).

Just a friendly bit of advice any way, you don’t have to listen to me. Personally, I won’t be betting with bitcoin for a little while any way until the market sorts itself out.

Peace

The price of BTC really do affect the way gamblers place their bets because after all, you could lose more if you bet on a specific day. But this isn't important in all cases because there are also gamblers that bet for the sake of entertainment and not on the earning they can take. However, BTC prices must be still look out before betting on any gamble.. Gamblers, and everyone else that is in the industry linked to crypto, must learn when it is the best time to spend bitcoin and when it is the best time to convert BTC to other currencies. This step must be taken seriously especially if the gamble would take several days.

Imagine if you bought 1 BTC for 4k USD and betting on a Monday morning with 1 BTC. Then two days have passed and BTC prize decreased by half. Even though you won and now have 1.5 BTC, you shouldn't cashout it until the prized increase up to atleast 4k so it can still be worth it. This principle is what makes gambling and every other transactions with BTC more difficult to decide about because you can't risk to loss a lot of money. So, always study first the trend in the market and have patience for BTC.

So, you're basicially saying that the time of cashout is the most important thing to look up upon?

Cashout time is surely important but the time when you bought BTC in the first place is also essential to look up upon since it will be the basis of the money you can earn.
But then again, it all goes down to the purpose of why you are playing online gambling. This game has various purpose that is depend upon its users definition. To what gambling is for you, will dictate you strategy, you willingness to play, and how patient you are in playing. Many people disregard their purpose after a few days of playing and it makes them quit it.

The three elements of gambling are consideration, risk (chance), and a prize. We all must understand that the last one isn't just about the money. Gambling per se also provide good entertainment to its players. The thrill of winning is what entices the players to gamble and the money is mostly for the purpose of repeating the game of gamble.

wow.magic

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Quote from: Hotrod_88 on March 09, 2019, 08:55:12 AM

Quote from: LFC_Bitcoin on November 15, 2018, 11:06:32 AM

Guys, you can tell me to fuck off if you want but as a fellow gambler & I suppose a friend I want to give a bit of advice -

The bitcoin price has been INCREDIBLY VOLATILE over the last 24 hours & is probably set to continue that way for the next few days/weeks in some part due to the civil war over at BCH betwwen Ver/Wu & CW.

With what they’re doing (selling BTC to support their shit show) it’s made the BTC price crash (plus traders making it worse by panic selling).

Any way it doesn’t really matter why the price is volatile AF but it is. This affects gamblers & the bets you’re placing. A $20 (in bitcoin) bet made 2 days ago for football games tonight isn’t the same as placing a $20 bet (in bitcoin) tonight.

Just be fucking careful please guys because you could get burnt badly (your winnings might look like shit by the time your result comes in with the way the price of bitcoin is going).

Just a friendly bit of advice any way, you don’t have to listen to me. Personally, I won’t be betting with bitcoin for a little while any way until the market sorts itself out.

Peace

The price of BTC really do affect the way gamblers place their bets because after all, you could lose more if you bet on a specific day. But this isn't important in all cases because there are also gamblers that bet for the sake of entertainment and not on the earning they can take. However, BTC prices must be still look out before betting on any gamble.. Gamblers, and everyone else that is in the industry linked to crypto, must learn when it is the best time to spend bitcoin and when it is the best time to convert BTC to other currencies. This step must be taken seriously especially if the gamble would take several days.

Imagine if you bought 1 BTC for 4k USD and betting on a Monday morning with 1 BTC. Then two days have passed and BTC prize decreased by half. Even though you won and now have 1.5 BTC, you shouldn't cashout it until the prized increase up to atleast 4k so it can still be worth it. This principle is what makes gambling and every other transactions with BTC more difficult to decide about because you can't risk to loss a lot of money. So, always study first the trend in the market and have patience for BTC.

So, you're basicially saying that the time of cashout is the most important thing to look up upon?

Hotrod_88

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Quote from: LFC_Bitcoin on November 15, 2018, 11:06:32 AM

Guys, you can tell me to fuck off if you want but as a fellow gambler & I suppose a friend I want to give a bit of advice -

The bitcoin price has been INCREDIBLY VOLATILE over the last 24 hours & is probably set to continue that way for the next few days/weeks in some part due to the civil war over at BCH betwwen Ver/Wu & CW.

With what they’re doing (selling BTC to support their shit show) it’s made the BTC price crash (plus traders making it worse by panic selling).

Any way it doesn’t really matter why the price is volatile AF but it is. This affects gamblers & the bets you’re placing. A $20 (in bitcoin) bet made 2 days ago for football games tonight isn’t the same as placing a $20 bet (in bitcoin) tonight.

Just be fucking careful please guys because you could get burnt badly (your winnings might look like shit by the time your result comes in with the way the price of bitcoin is going).

Just a friendly bit of advice any way, you don’t have to listen to me. Personally, I won’t be betting with bitcoin for a little while any way until the market sorts itself out.

Peace

The price of BTC really do affect the way gamblers place their bets because after all, you could lose more if you bet on a specific day. But this isn't important in all cases because there are also gamblers that bet for the sake of entertainment and not on the earning they can take. However, BTC prices must be still look out before betting on any gamble.. Gamblers, and everyone else that is in the industry linked to crypto, must learn when it is the best time to spend bitcoin and when it is the best time to convert BTC to other currencies. This step must be taken seriously especially if the gamble would take several days.

Imagine if you bought 1 BTC for 4k USD and betting on a Monday morning with 1 BTC. Then two days have passed and BTC prize decreased by half. Even though you won and now have 1.5 BTC, you shouldn't cashout it until the prized increase up to atleast 4k so it can still be worth it. This principle is what makes gambling and every other transactions with BTC more difficult to decide about because you can't risk to loss a lot of money. So, always study first the trend in the market and have patience for BTC.

jademaxsuy

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Betting doea not compromise the bitcoin market price movement. Since gambling is just a sort of fun so no need to wait for any things or market price to go well. The important thing is that one can earn in gambling. Besides, bitcoin market price drop makes it more easier to buy that will relatively more bet to do.

Probably looking for a good betting platform will definitely won't stop anyone on betting it as it has many goof online betting platforms nowadays.

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Quote from: mindrust on January 10, 2019, 05:32:01 AM

If you are gambling your btc away you shouldn't care about its USD value anyway. That means you also shouldn't care about the market volatility. What you are after is more BTC, not more USD. Most of us already know BTC will make come back in a few years and pass the last all time high which is $20k.

I agree with this. You are betting using Bitcoin so don't think of its USD value since you are not using USD in gambling. If you are thinking of the value of Bitcoin in USD then its better if you will only use USD in gambling. The main goal if you are betting using Bitcoin is to accumulate more Bitcoin and never mind its value.

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Quote from: mindrust on January 10, 2019, 05:32:01 AM

If you are gambling your btc away you shouldn't care about its USD value anyway. That means you also should care about the market volatility. What you are after is more BTC, not more USD. Most of us already know BTC will make come back in a few years and pass the last all time high which is $20k.

I think if a gambler manage to win a lot of bitcoins in gambling, and if he plans to hold those bitcoins in his wallet until the price of bitcoin goes up before he sells all of it away, he could gain a lot of profits from the original amount of bitcoins he won from gambling due to the price rise in bitcoin, I think this is one of the advantage when a gambler uses bitcoin as a currency to gamble in the casino.

mindrust

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If you are gambling your btc away you shouldn't care about its USD value anyway. That means you also shouldn't care about the market volatility. What you are after is more BTC, not more USD. Most of us already know BTC will make come back in a few years and pass the last all time high which is $20k.

edit: fixed

icalical

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I wish I read this article earlier and stop my gambling habit, then I would not lose my money. But however, with this bearish and stuff, I still manage to make a little profit and cover up my lost. At first I don't think that the falling price of Bitcoin will affect my gambling so much, but it turns out it has a huge effect.

rodel caling

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Thank you for the warning and effort make this thread to advice the community, I don't think gamblers are stop doing gambling using bitcoin because gambling is a fun and fear games and the risk i part of of the gambling.

crzy

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Quote from: Johnyz on January 09, 2019, 04:52:50 PM

Quote from: leowonderful on January 09, 2019, 04:15:05 PM

Some people do choose to gamble with Bitcoin and other cryptocurrencies like Monero for the sake of anonymity, though, and for some people the risk of losing fiat value through price volatility is offset by this anonymity that's difficult to find elsewhere in online gambling. Transactions through crypto may also be quicker and more convenient compared to fiat casinos, and convenience is something else some people are willing to pay for. It's true that fiat gambling may be a better option for some, but there are also reasons for gambling with cryptocurrency even in this crypto bear market we're in right now too.

Most probably they own a lot of cryptos, or they just receive it through bounty or what that’s why they choose to gamble using that. Yes, its more convenient to gamble using your cryprocurrency compare to the regular casinos, people are just afraid for the price of bitcoin or any coins that may rise and make more expensive to gamble. For me, whatever coins or ways you gamble it still gambling and in gambling losing is normal so expect to lose before you earn.

If they want to take the risk to gamble using cryptocurrency then so be it, but hopefully you will not regret that decision when the bull comes again in the market. Personally, I just bet small amount of bitcoin and mostly I only gamble locally where I can use fiat money and earn an instant money with a high liquidity.

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Quote from: samcrypto on January 09, 2019, 04:30:14 PM

Quote from: imstillthebest on January 09, 2019, 03:50:23 PM

Quote from: LogitechMouse on December 09, 2018, 02:38:50 AM

Quote from: darkangel11 on December 07, 2018, 01:18:04 PM

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

Yeah I think its more risky if you gamble using Bitcoin and other cryptos because we don't know when will it rise or drop but I think what is important is you accumulate more Bitcoin and forget its USD value. Many believe that Bitcoin will rise up maybe next year so what is important for now is that you win.

Cryptos were always risky even before , not only on gambling but on almost any profitable activies or business because cryptos are unstable but people are already aware with it . if you are still scared then dont play online gambling but instead you may rather play traditional gambling using fiats if you feel that it is less riskier .

Most of us aware that cryptomarket is very risky and some people are just ignoring that risk and continue to gamble/invest without proper knowledge and it makes them lose more. In gambling if you use your bitcoin you’re in a big risk because of the value of bitcoin and of course you might lose the precious coin if you keep on playing.

For me,it's better to gamble using our own fiat currency because if we lose,it won't be as bad because the price is definitely low compared to the value of a single bitcoin.Bitcoin may only be profifable in trading or making such investments.But gambling it on the other hand might only give us depression if we lose such a great amount.

Johnyz

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Quote from: leowonderful on January 09, 2019, 04:15:05 PM

Some people do choose to gamble with Bitcoin and other cryptocurrencies like Monero for the sake of anonymity, though, and for some people the risk of losing fiat value through price volatility is offset by this anonymity that's difficult to find elsewhere in online gambling. Transactions through crypto may also be quicker and more convenient compared to fiat casinos, and convenience is something else some people are willing to pay for. It's true that fiat gambling may be a better option for some, but there are also reasons for gambling with cryptocurrency even in this crypto bear market we're in right now too.

Most probably they own a lot of cryptos, or they just receive it through bounty or what that’s why they choose to gamble using that. Yes, its more convenient to gamble using your cryprocurrency compare to the regular casinos, people are just afraid for the price of bitcoin or any coins that may rise and make more expensive to gamble. For me, whatever coins or ways you gamble it still gambling and in gambling losing is normal so expect to lose before you earn.

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Quote from: imstillthebest on January 09, 2019, 03:50:23 PM

Quote from: LogitechMouse on December 09, 2018, 02:38:50 AM

Quote from: darkangel11 on December 07, 2018, 01:18:04 PM

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

Yeah I think its more risky if you gamble using Bitcoin and other cryptos because we don't know when will it rise or drop but I think what is important is you accumulate more Bitcoin and forget its USD value. Many believe that Bitcoin will rise up maybe next year so what is important for now is that you win.

Cryptos were always risky even before , not only on gambling but on almost any profitable activies or business because cryptos are unstable but people are already aware with it . if you are still scared then dont play online gambling but instead you may rather play traditional gambling using fiats if you feel that it is less riskier .

Most of us aware that cryptomarket is very risky and some people are just ignoring that risk and continue to gamble/invest without proper knowledge and it makes them lose more. In gambling if you use your bitcoin you’re in a big risk because of the value of bitcoin and of course you might lose the precious coin if you keep on playing.

leowonderful

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Some people do choose to gamble with Bitcoin and other cryptocurrencies like Monero for the sake of anonymity, though, and for some people the risk of losing fiat value through price volatility is offset by this anonymity that's difficult to find elsewhere in online gambling. Transactions through crypto may also be quicker and more convenient compared to fiat casinos, and convenience is something else some people are willing to pay for. It's true that fiat gambling may be a better option for some, but there are also reasons for gambling with cryptocurrency even in this crypto bear market we're in right now too.

imstillthebest

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Quote from: LogitechMouse on December 09, 2018, 02:38:50 AM

Quote from: darkangel11 on December 07, 2018, 01:18:04 PM

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

Yeah I think its more risky if you gamble using Bitcoin and other cryptos because we don't know when will it rise or drop but I think what is important is you accumulate more Bitcoin and forget its USD value. Many believe that Bitcoin will rise up maybe next year so what is important for now is that you win.

Cryptos were always risky even before , not only on gambling but on almost any profitable activies or business because cryptos are unstable but people are already aware with it . if you are still scared then dont play online gambling but instead you may rather play traditional gambling using fiats if you feel that it is less riskier .

playboy654

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Quote from: carlfebz2 on January 09, 2019, 01:02:17 PM

Quote from: Betwrong on January 09, 2019, 12:51:32 PM

Quote from: justdimin on November 23, 2018, 01:21:03 AM

~
True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.
~

When betting with Bitcoin these days you are basically betting with more money than you think you are, and in that sense I agree with OP. But since you are bringing up a topic of winning, let's think about it a minute. When winning $20 one year ago you were given 0.00117 BTC while you are given 0.005 BTC if you win $20 today. So, I see no point in playing with fiat and then buying Bitcoin with the money you won, because most likely you would be able to buy less BTC compared to what you would've receive on a gambling site.

Of course we shouldn't presume on winning in the first place, so the warning in the OP is very important.

When comparing between fiat and bitcoin betting then we know which one do have the potential of earning more.So, we would basically go with BTC bets but the question
is on how to win constantly or on high chances.We do have the advantage yet we can accumulate btc gradually which we know that volatility would be the reason for us
to earn even more but as been said it would still remain on chances.

sometimes friendly address will be very useful but in some times we need to make some warning for all of us to be prevented because if something will happen to the gambling uses then we need to want them to be safe or without doing any mistakes this will helpful for them.

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Quote from: Betwrong on January 09, 2019, 12:51:32 PM

Quote from: justdimin on November 23, 2018, 01:21:03 AM

~
True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.
~

When betting with Bitcoin these days you are basically betting with more money than you think you are, and in that sense I agree with OP. But since you are bringing up a topic of winning, let's think about it a minute. When winning $20 one year ago you were given 0.00117 BTC while you are given 0.005 BTC if you win $20 today. So, I see no point in playing with fiat and then buying Bitcoin with the money you won, because most likely you would be able to buy less BTC compared to what you would've receive on a gambling site.

Of course we shouldn't presume on winning in the first place, so the warning in the OP is very important.

When comparing between fiat and bitcoin betting then we know which one do have the potential of earning more.So, we would basically go with BTC bets but the question
is on how to win constantly or on high chances.We do have the advantage yet we can accumulate btc gradually which we know that volatility would be the reason for us
to earn even more but as been said it would still remain on chances.

Betwrong

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Quote from: justdimin on November 23, 2018, 01:21:03 AM

~
True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.
~

When betting with Bitcoin these days you are basically betting with more money than you think you are, and in that sense I agree with OP. But since you are bringing up a topic of winning, let's think about it a minute. When winning $20 one year ago you were given 0.00117 BTC while you are given 0.005 BTC if you win $20 today. So, I see no point in playing with fiat and then buying Bitcoin with the money you won, because most likely you would be able to buy less BTC compared to what you would've receive on a gambling site.

Of course we shouldn't presume on winning in the first place, so the warning in the OP is very important.

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Quote from: goaldigger on January 09, 2019, 10:02:15 AM

The value makes online casinos a lot difficult to deal with and I am really agreeing to this. BTC has its own problems that needs to be solved first before using. Do not try to risk yet your resources just for a tiny winnings in gambling. If you can be mpre patient enough before trying, you can profit more with less worries.

Water we are saying the gambling uses will not withdraw from their food because they are put a lot of money in gambling still they are getting your profit they will be definitely addicted to Tablet it cost lots of problems for web but what we are doing is the most not answerable question for all gambler's.

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The value makes online casinos a lot difficult to deal with and I am really agreeing to this. BTC has its own problems that needs to be solved first before using. Do not try to risk yet your resources just for a tiny winnings in gambling. If you can be mpre patient enough before trying, you can profit more with less worries.

LogitechMouse

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Quote from: darkangel11 on December 07, 2018, 01:18:04 PM

Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

Yeah I think its more risky if you gamble using Bitcoin and other cryptos because we don't know when will it rise or drop but I think what is important is you accumulate more Bitcoin and forget its USD value. Many believe that Bitcoin will rise up maybe next year so what is important for now is that you win.

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Quote from: justdimin on November 23, 2018, 01:21:03 AM

True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.

Certainly as things are going now, there is a huge possibility we might get to see bitcoin go down the more in the short term towards the end of the month, but all the same, it is the market, and we all know how volatile it can be, which is why I agree as well with the OP, that at this point in time, it is best to even stay clear of gambling with bitcoin.

I really do not see the difference, it is true that with the crash in the price of bitcoin the profits that you will receive out of your gambling activities are going to be lower in terms of fiat, but you're still going to receive the same amount of bitcoin, maybe I'm just to used to just think in terms of bitcoin and not in fiat anymore but the only thing that you need to do if you are disappointed with your fiat profits when you are gambling with cryptocurrencies is to wait for the market to recover.

Which is something that you will do anyway if you are a long term holder, so that is not really a problem for me but I can understand why that will be troublesome for someone which likes to get in and out of the market regularly.

hahay

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Agree, maybe the solution is that you can bet on casinos that don't require long results like sports matches. I also usually only play blackjack and poker if the market is in a downward trend and usually I am lucky there. For the time being I haven't started yet but will play it soon besides sports betting.

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Quote from: Thanasis on December 07, 2018, 07:58:03 AM

Gambling is always risky and when it comes to crypto gambling they have extra risk that prices of cryptos can fall any time so think before entering into any sites.Or just convert your crypto into stable coins after you got winning.

Quote from: ?? on ??

I won't call a advice . More like personal experience , when I launch my Vegas Casino on my mobile or using pc to play a game of blackjack . I only focus on few things

Get 21 points on the player's first two cards
Reach a final score higher than the dealer without exceeding 21 or
Let the dealer draw additional cards until their hand exceeds 21.

If I have good lucky winning streak . I try to keep thing short because i believe in gambling moderately but if i handed bad pair of card . I just fold it and wait for next game . Just enjoy and keep your thought about the game in front of you . Other then that, it only serve as distraction for you

Did you post the same content somewhere else too? Because it got a feeling like I read it already before.

To be honest I have seen this post for the first time and I am happy to see such interesting topic to talk about. For me risk is part of life and it is our duty to take such risk for making our life good. It is bad for those who have no experience in it but it’s good for them who are good in specific game like dice cards and some more games.

darkangel11

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Don't gamble with Bitcoin. When you buy it in this market it's already a huge gamble. When you gamble with a crashing coin it's like playing twice every time. Like you were rolling and the person holding your money would be rolling for you once again and if one of you loses there will be less money to put on the table the next time.

KingZee

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Quote from: Thanasis on December 07, 2018, 07:58:03 AM

Gambling is always risky and when it comes to crypto gambling they have extra risk that prices of cryptos can fall any time so think before entering into any sites.Or just convert your crypto into stable coins after you got winning.

Stable coins? And which ones would that be?

Even the ETHorses are running away from their stables at this point.

For unexperienced people converting to anything will probably only worsen their losses. Converting to fiat would be a good option, but it's pointless if they're going to still gamble with their money in the close future, might as well just hodl and stack any winnings.

Thanasis

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Gambling is always risky and when it comes to crypto gambling they have extra risk that prices of cryptos can fall any time so think before entering into any sites.Or just convert your crypto into stable coins after you got winning.

Quote from: ?? on ??

I won't call a advice . More like personal experience , when I launch my Vegas Casino on my mobile or using pc to play a game of blackjack . I only focus on few things

Get 21 points on the player's first two cards
Reach a final score higher than the dealer without exceeding 21 or
Let the dealer draw additional cards until their hand exceeds 21.

If I have good lucky winning streak . I try to keep thing short because i believe in gambling moderately but if i handed bad pair of card . I just fold it and wait for next game . Just enjoy and keep your thought about the game in front of you . Other then that, it only serve as distraction for you

Did you post the same content somewhere else too? Because it got a feeling like I read it already before.

dead_m92

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Yeah that is the best thing to do.

Better ot join all those casinos that are accepting your Visa/mastercard or any other fiat gateway that is not related to cryptos.

what if bitcoin goes back to $6000 in a few weeks?

Quote from: bigmaster23 on November 15, 2018, 01:10:03 PM

Thanks for informing us mate, probably even if you won on gambling there's nothing left to be called as profit because the btc could turn against your winning streak.

I will only gamble on fiat for this week or so.

raven7886

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Nobody cares if you have millions of dollars worth of crypto. The point of advice here given by OP is that your millions of dollars might worth less even if you win in this market so don't be alarmed. You can bet a million dollars into something and win and get a million dollars back, it is all because of the market change.

I think the help was given with no ill manner, it was to help people realize that when the markets fall you should focus on the amount of bitcoin you gamble with instead of the dollar value of how much you gamble, if you look at the bitcoin number instead of the fiat you will realize that you did won, if you check the fiat number you would think the company is trying to scam you somehow. That is why you should be really extra careful during these types of markets while gambling.

maydna

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Quote from: drlukacs on November 23, 2018, 01:43:58 PM

Thank you for your advice but I think not only gambling with Bitcon only cause not only Bitcoin's price is falling at the moment, if you guys are going to use another cryptocurrency to gamble so it'll be the same. Should we use another cryptocurrency to gamble or shouldn't use cryptocurrency to bet at this time?

I think while the other crypto is not too expensive, we can use it for gambling because if we want to deposit to the gambling site, we need to have the coin and if we don't have, then we need to buy the coin. So when we can buy the coin at the cheap price, we can get a lot of amounts and we can use it for playing gambling. I think when bitcoin price is falling, people will still playing gambling and they can buy much bitcoin and hold some bitcoin in their wallet and use the other amount for playing gambling.

drlukacs

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Thank you for your advice but I think not only gambling with Bitcon only cause not only Bitcoin's price is falling at the moment, if you guys are going to use another cryptocurrency to gamble so it'll be the same. Should we use another cryptocurrency to gamble or shouldn't use cryptocurrency to bet at this time?

supermine

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Quote from: justdimin on November 23, 2018, 01:21:03 AM

Quote from: leowonderful on November 15, 2018, 01:24:52 PM

This is actually one of the reasons why I’ve completely stopped gambling as of recently, from playing games like dice to betting on eSports matches. I do have some fiat accounts with cash on them, so I’m going to temporarily bet on my fiat accounts while this little battle boils over. I haven’t moved a penny of my coins since the big drop yesterday was messing with the exchange prices sites like Bitrefill were charging for Amazon Giftcards as well; it’s unfortunate that the BCH battle’s affecting BTC in this manner, but I’m sure it’ll be over in a minute.

True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.

If it is fiat they why not bitcoin,I think it will be more excited when we are betting with bitcoin like gambling inside a gambling,maybe the prices of bitcoin will goes to moon after we won so it is like a jackpot hit but it can't be done when we do bets with fiat and buy the bitcoin later equivalent to USD value.We are risking our money anyway by gambling it so the price changes is not considerable for the true gamblers.

rickadone

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Hey OP, you really do have a lot of point there mate. Right now, the bitcoin market is not even smiling at all, and certainly, this is not the time anyone would want to be betting with bitcoin as a result of its volatility and considering the fact that you will even end up betting more bitcoin in its equivalence to the USD anyway.

Nonetheless, whether the market is going down or not, it is always imperative that when it comes to gambling, a little bit of caution should always be in place, and trying to monitor the market movement also helps as well.

justdimin

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Quote from: leowonderful on November 15, 2018, 01:24:52 PM

This is actually one of the reasons why I’ve completely stopped gambling as of recently, from playing games like dice to betting on eSports matches. I do have some fiat accounts with cash on them, so I’m going to temporarily bet on my fiat accounts while this little battle boils over. I haven’t moved a penny of my coins since the big drop yesterday was messing with the exchange prices sites like Bitrefill were charging for Amazon Giftcards as well; it’s unfortunate that the BCH battle’s affecting BTC in this manner, but I’m sure it’ll be over in a minute.

True, with the current volatility of the market as it is now, the best bet is just to be using fiat.
At least, with your winnings, if you manage to anyway, you can easily buy back into bitcoin eventually until the coasts clear.

Certainly as things are going now, there is a huge possibility we might get to see bitcoin go down the more in the short term towards the end of the month, but all the same, it is the market, and we all know how volatile it can be, which is why I agree as well with the OP, that at this point in time, it is best to even stay clear of gambling with bitcoin.

eternalgloom

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Quote from: el kaka22 on November 19, 2018, 05:08:22 AM

Yeah, I understand that you put in 20 dollar bet to some football match and you won and you get 19 in return even when you win. Which sounds horrible and weird and we all know the reason because it bitcoin is falling and what not but isn't that still much better ?

@adaseb actually makes a fair point that gambling websites could also implement a stablecoin for situations like these.
I'd opt for something different than USDT and make sure that you'd also be able to place bets with cryptocurrency as well.

Or having everything denominated in fiat and just use Bitcoin at the back-end would also be an option.

bitcoinisbest

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Quote from: minersday on November 18, 2018, 05:21:43 PM

Quote from: bigmaster23 on November 15, 2018, 01:10:03 PM

Thanks for informing us mate, probably even if you won on gambling there's nothing left to be called as profit because the btc could turn against your winning streak.

I will only gamble on fiat for this week or so.

Yeah anyway if you don't trade with large amounts of money you are not even going to feel the volatility that this guy is talking about.

If you gamble with $5, and bitcoin goes down by $1000, those $5 are gonna be $4, that is not a difficult thing to think about also.

It is true but only condition that the amount should be minimum. If some body like spend 1000$ of btc and end up losing then just think if next year btc crosses 20000$ so it means btc rose close to 5 times of current value so that means it was worth 5k in 2019 what 1000$ is now. So need be very careful how much amount you are ready to bet and ready to lose.

coolcoinz

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Quote from: KingZee on November 19, 2018, 02:17:20 PM

I don't actually see a lot of sites that take bets as a fiat value. Everything works with bees and mini-bees. So while I agree that it's the worst time to be selling, it doesn't change anything for gambling. You lose X BTC, you win Y BTC, as long as it stays in BTC, you're gonna BTC just fine.

That's only as long as you don't buy for fiat to be able to play. Imagine doing what Izanagi proposes and turning your wins into cash. You go to an exchange, buy BTC for 6000 USD, go to a casino, play a bit, win 0,1BTC ($600), send 1.1 to an exchange and turn back into cash. While you were doing it BTC fell to 5000 and you 5,5k USD all together.
That's why I say it's a bad idea to sell anything during crashes. Especially if the crashes are panic crashes, not fundamental ones.

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Quote from: coolcoinz on November 19, 2018, 10:59:54 AM

Quote from: izanagi narukami on November 19, 2018, 08:21:33 AM

I'm also gamble on Gold on stock exchange and enforce me to gamble with half amount because the downtrend is too extreme.
Luckily I'm seldom gamble because I'm aware that bitcoin keep decreasing at the moment

Trading with $ and BTC are riskier with $ so I'm suggest to convert into fiat as soon as you get the reward or get paid

That's the worst thing you can do in this market if you look at the current state of Bitcoin. It's extremely oversold and you can see it on the RSI. It actually hasn't been that oversold since 2015. This is the best moment to be buying Bitcoin and the worst to be selling and gambling with it because every loss right now will hit you twice. First time now and the second time next year when it goes back up.

I don't actually see a lot of sites that take bets as a fiat value. Everything works with bees and mini-bees. So while I agree that it's the worst time to be selling, it doesn't change anything for gambling. You lose X BTC, you win Y BTC, as long as it stays in BTC, you're gonna BTC just fine.

coolcoinz

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Quote from: izanagi narukami on November 19, 2018, 08:21:33 AM

I'm also gamble on Gold on stock exchange and enforce me to gamble with half amount because the downtrend is too extreme.
Luckily I'm seldom gamble because I'm aware that bitcoin keep decreasing at the moment

Trading with $ and BTC are riskier with $ so I'm suggest to convert into fiat as soon as you get the reward or get paid

That's the worst thing you can do in this market if you look at the current state of Bitcoin. It's extremely oversold and you can see it on the RSI. It actually hasn't been that oversold since 2015. This is the best moment to be buying Bitcoin and the worst to be selling and gambling with it because every loss right now will hit you twice. First time now and the second time next year when it goes back up.

izanagi narukami

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I'm also gamble on Gold on stock exchange and enforce me to gamble with half amount because the downtrend is too extreme.
Luckily I'm seldom gamble because I'm aware that bitcoin keep decreasing at the moment

Trading with $ and BTC are riskier with $ so I'm suggest to convert into fiat as soon as you get the reward or get paid

BlackPanda

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Quote from: swogerino on November 19, 2018, 05:46:11 AM

This is irrelevant for people who are gambling with bitcoin in order to increase their number of bitcoins or any other crypto they might use. At this time I think only crazy persons would cashout their bitcoins or other crypto in favour of cash.

The market doesn't seem to have a recovery in place anytime soon so I would continue to play with cryptos without worrying about the dollar price of bitcoin.

Still using crypto will protect ourselves from big losses and we can have the opportunity for the holding coins that we have. If you sell it at this time it will give you a loss because you are on a bloody status. Recovery will definitely occur, but we will never know it will happen.

mOgliE

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Quote from: SyGambler on November 15, 2018, 01:19:15 PM

yeah I agree , personally my units are based on Euros so when I make bets on bitcoin bookies I open preev and insert 25 euros for example to see how much is that exactly in bitcoin then I bet it
yesterday and today I stopped doing this cause the numbers were changing crazily within few seconds so I moved all my action to the asian bookies till the price of btc settles a little

BUT if you are gambling to make more BTC regardless of fiat value then this shouldn't affect how you bet , but as I stated my bets are fiat based and when it comes to sprotsbetting my goal is to make more euros since the majority of my bets are on horse racing so I have to stick to fiat exchanges

It depends! You're not always in control here...
Your amount of btc will increase if you put your bets in BTC and the site pays back in BTC on a BTC base. But some sites allow you to pay bets inBTC but on a € base. Which means you pay in btc for a 20€ bet and if you win they give you 25€ in btc. Which means if price dropped you can have lost btc in the process...

swogerino

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This is irrelevant for people who are gambling with bitcoin in order to increase their number of bitcoins or any other crypto they might use. At this time I think only crazy persons would cashout their bitcoins or other crypto in favour of cash.

The market doesn't seem to have a recovery in place anytime soon so I would continue to play with cryptos without worrying about the dollar price of bitcoin.

el kaka22

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I really don't think it matters in the sense that unless you are cashing it out to your bank account it is still gambling no matter what.

Yeah, I understand that you put in 20 dollar bet to some football match and you won and you get 19 in return even when you win. Which sounds horrible and weird and we all know the reason because it bitcoin is falling and what not but isn't that still much better ?

First of all, if you are going to cash out than cash out, do not bet one more time and cash out just get it now. However if you are not cashing out that 20 dollar bet would have been say 15 dollars right now, which means if you get 19 in return even tho it looks like you lost money on a win you actually won because it would have been a lot less if you just hold the money. So, I think it doesn't matter unless you consider cashing out.

maydna

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Quote from: minersday on November 18, 2018, 05:21:43 PM

Quote from: bigmaster23 on November 15, 2018, 01:10:03 PM

Thanks for informing us mate, probably even if you won on gambling there's nothing left to be called as profit because the btc could turn against your winning streak.

I will only gamble on fiat for this week or so.

Yeah anyway if you don't trade with large amounts of money you are not even going to feel the volatility that this guy is talking about.

If you gamble with $5, and bitcoin goes down by $1000, those $5 are gonna be $4, that is not a difficult thing to think about also.

And if somehow we can win the bitcoin and the price is down too deep, I think it is better to hold that bitcoin until the price can increase higher. It will not be a problem if we can stay calm while waiting the price grow and we can do another thing besides doing trading. But at this moment, it is better not use the bitcoin for trading or gambling if we don't want to get a loss in both trading and gambling.

minersday

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Quote from: bigmaster23 on November 15, 2018, 01:10:03 PM

Thanks for informing us mate, probably even if you won on gambling there's nothing left to be called as profit because the btc could turn against your winning streak.

I will only gamble on fiat for this week or so.

Yeah anyway if you don't trade with large amounts of money you are not even going to feel the volatility that this guy is talking about.

If you gamble with $5, and bitcoin goes down by $1000, those $5 are gonna be $4, that is not a difficult thing to think about also.

creeps

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Gambling is very risky in the first place, no matter what the condition of the market is. Volatilty can make gambling more riskier so this is really a good advice. Gambler should know where to stop and go on what they are doing. The best thing to do right now is to save more good coins and have a good profit later on when the market back to its normal trend. Stay away yourself from gambling if you can’t take much risk, the probability to lose money in gambling is very high, be mindful abou it.

Ranly123

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Quote from: LFC_Bitcoin on November 15, 2018, 11:06:32 AM

Guys, you can tell me to fuck off if you want but as a fellow gambler & I suppose a friend I want to give a bit of advice -

The bitcoin price has been INCREDIBLY VOLATILE over the last 24 hours & is probably set to continue that way for the next few days/weeks in some part due to the civil war over at BCH betwwen Ver/Wu & CW.

With what they’re doing (selling BTC to support their shit show) it’s made the BTC price crash (plus traders making it worse by panic selling).

Any way it doesn’t really matter why the price is volatile AF but it is. This affects gamblers & the bets you’re placing. A $20 (in bitcoin) bet made 2 days ago for football games tonight isn’t the same as placing a $20 bet (in bitcoin) tonight.

Just be fucking careful please guys because you could get burnt badly (your winnings might look like shit by the time your result comes in with the way the price of bitcoin is going).

Just a friendly bit of advice any way, you don’t have to listen to me. Personally, I won’t be betting with bitcoin for a little while any way until the market sorts itself out.

Peace

You have a point in your advice, but as we could see a gambler will always be a gambler where they don't tend to see for the volatility of the currency used but the greed of wanting to win. Anyways, there are still coins that can be used for betting like dogecoin and many others so it's not just Bitcoin alone but a variety of coins for wagering

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I am grateful with your advice because the price of Bitcoin in the past days dropped significantly and there is a high probability that this will continue due to the civil war (Captain America).

But as @SyGambler said, regardless of what the price of BTC is in USD, it will not affect as you are gambling using Bitcoin. Our main goal is to increase our Bitcoin holding and disregard its price in USD. Anyway, we newbies are warned. Thanks

mallorcagold

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True, that's the reason why I sometimes rather prefer fiat betting sites to place my bets. I am a 100% crypto addict but for some reasons if the market is very unstable I prefer to bet in fiat. When I make profits on the fiat platforms I withdraw and use my fiat to buy crypto when they are in a good spot to buy.

On the other hand I always keep some crypto on crypto bookies. But then I never calculate to $ or € for my profits. When I bet at crypto bookies it is to increase my crypto balance and not to increase my $ value. Eventually crypto will go up anyway.

gabmen

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Quote from: zupdawg on November 17, 2018, 09:27:41 PM

Quote from: kodtycoon on November 17, 2018, 06:14:50 PM

The market is falling or rising I don't think it has an effect on gambling, if you bet on a sports match for example, does the sport care about the conditions of the bitcoin market? I do not think so. So they (the sports actors) will play as usual and also your victory and defeat at gambling I think it will be the same, only maybe the exchange rate you get will decrease if you get profit from gambling because the price is falling

Well, the point of his thread is because of the price volatility these days unless you didn't read the thread fully? Ofcourse the games will still be the usual, its just the value of crypto may flactuate that you may end up losing (even if you win) if the price of bitcoin continues to drop.

Lol. Guy probably didn't understand and saw it in a more general gambling perspective. You tend to lose more money in equivalent when the market is fluctuating and than if it's a little more steady. That's why gambling with crypto is gambling in itself already.

adaseb

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This is the reason why some gambling sites need to start accepting stable coins.

I know that USDT had a bad rap and many casinos didn't want to use it due to regulations and didn't want the Fed cracking down on their operations and seizing their domains.

But right now there is practically almost half a dozen of these stable coins and depending on the policies with the companies that issue these stable coins it might be possible for casinos to accept them.

One issue right now is liquidity however. If you got a large bank of BTC and want to buy a stable coin you will easily crash the thin order books unless its the tether USDT you want to acquire.

zupdawg

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Quote from: kodtycoon on November 17, 2018, 06:14:50 PM

The market is falling or rising I don't think it has an effect on gambling, if you bet on a sports match for example, does the sport care about the conditions of the bitcoin market? I do not think so. So they (the sports actors) will play as usual and also your victory and defeat at gambling I think it will be the same, only maybe the exchange rate you get will decrease if you get profit from gambling because the price is falling

Well, the point of his thread is because of the price volatility these days unless you didn't read the thread fully? Ofcourse the games will still be the usual, its just the value of crypto may flactuate that you may end up losing (even if you win) if the price of bitcoin continues to drop.

kodtycoon

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The market is falling or rising I don't think it has an effect on gambling, if you bet on a sports match for example, does the sport care about the conditions of the bitcoin market? I do not think so. So they (the sports actors) will play as usual and also your victory and defeat at gambling I think it will be the same, only maybe the exchange rate you get will decrease if you get profit from gambling because the price is falling

darkangel11

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It's important not to focus on the short term price. You're not playing with BTC to get more fiat! You're using it to gamble so that when the dust settles you will have more BTC!
If you're here and using it only to convert to fiat ASAP, you're doing it wrong. I really don't know how someone who holds Bitcoin for years can get burned betting $20 in Bitcoin right now. Next month that amount is not going to become $10, more likely it will be $30.

Oilacris

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Quote from: Betwrong on November 17, 2018, 09:44:13 AM

Quote from: eternalgloom on November 16, 2018, 06:55:52 AM

I don't know, it certainly has upsides too that the price is dropping so much.

In games where you have fixed betting amounts denominated in BTC, you'll also pay less for those bets.
This is actually a great opportunity to buy Bitcoin for example and get more out of your bets.

Just an example:

Now, when I buy €100 worth of Bitcoin, I can place like 10 bets more on the Crypto-Games roulette.
I get more BTC for that €100, while the minimum bet there stays at 0.00001 BTC

I agree with you. For those buying BTC today to play various games online this situation is a favorable one. For example winning $100 in a poker tournament brings more BTC to your balance than that would bring several days ago, and if you won't lose it or exchange it to fiat right away, most likely your prize will grow in USD value with time.

But OP is wright regarding spending the BTC you already have, in a sense that you should spend more BTC now when placing a $20 bet, than you would several days ago.

Anyway, one should be careful these days about how much BTC he/she is spending when placing a dollar-pegged bet.

Just really a matter of preference on each gambler on which he would like to accumulate on or do base with his bets neither with fiat or Btc equivalent.
All of us know when it comes to bitcoin value then its corresponding number will be more at the same amount of fiat earlier but same as being said this is much like
an opportunity to get more bitcoin when you win bets. Value does increase it might not happen instantly but guaranteed it will.

jrrsparkles

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The price drops has pros and cons too so if we want to be a crypto gambler we need to accept both of it.When the price drops we can buy more bitcoins and place more bets compared to before because most of the sites calculates the minimum bets in bitcoin and the con is when we won bets and if we keep them as bitcoin we may lose some of them due to price loss so we need to immediately convert them into fiat until the nest bets.

Betwrong

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Quote from: eternalgloom on November 16, 2018, 06:55:52 AM

I don't know, it certainly has upsides too that the price is dropping so much.

In games where you have fixed betting amounts denominated in BTC, you'll also pay less for those bets.
This is actually a great opportunity to buy Bitcoin for example and get more out of your bets.

Just an example:

Now, when I buy €100 worth of Bitcoin, I can place like 10 bets more on the Crypto-Games roulette.
I get more BTC for that €100, while the minimum bet there stays at 0.00001 BTC

I agree with you. For those buying BTC today to play various games online this situation is a favorable one. For example winning $100 in a poker tournament brings more BTC to your balance than that would bring several days ago, and if you won't lose it or exchange it to fiat right away, most likely your prize will grow in USD value with time.

But OP is wright regarding spending the BTC you already have, in a sense that you should spend more BTC now when placing a $20 bet, than you would several days ago.

Anyway, one should be careful these days about how much BTC he/she is spending when placing a dollar-pegged bet.

slaman29

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I bet and gamble in Bitcoin, so probably like most people here, we do see our bankroll in BTC rather in than in fiat, although I should say also a lot of casinos adjust their min/max and even small things like faucets, especially last year when Bitcoin was almost $20k. Most of these casinos actually never lowered back or readjusted even though BTC is about 25% of where it used to be.

So yes, it's a good reminder to us, especially if you were gambling at above 10k.

eternalgloom

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I don't know, it certainly has upsides too that the price is dropping so much.

In games where you have fixed betting amounts denominated in BTC, you'll also pay less for those bets.
This is actually a great opportunity to buy Bitcoin for example and get more out of your bets.

Just an example:

Now, when I buy €100 worth of Bitcoin, I can place like 10 bets more on the Crypto-Games roulette.
I get more BTC for that €100, while the minimum bet there stays at 0.00001 BTC

maydna

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So we have another coin to place the bets, and I am sure that we could still play gambling with altcoin Cheesy

But it is good advice for all gamblers to not using bitcoin as the bets for a while because the market isn't good and it's better to use altcoin for a while. But if you still want to use bitcoin, then you have that choice. But always be careful when you want to spend your bitcoin in the gambling game because you will be responsible for your money.

zupdawg

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Thank you for a good piece of advice. Because of the price movements these past days, people betting with crypto from their fiat money almost having a very high disadvantage, imagine if someone bought $100 and trying to win lets say $50 in a sports bet, it is possible to get dropped to $30 winnings and bet value of $70. Even a winning bet wont give a good profit

christian07

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If bch developer do that like they sell btc to drops this i think that's not wise move and better to develop their own digital currency then we see already that when they run here they 3x the price of bch still btc also grow that no imagine it in december so i say even they drops btc i'm sure this will grow and this is still high then we know bch continue to drops too,Moreover all we can do now are hold or do invest in this time

Reid

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But what if it stays the same just like 3 months ago. Like this price wont have any movement again?

Nba games are getting better and I dont want my prizes to just be in low value like that?

Should we all stop and just hold all the bitcoins we have and wait for the market to be on a good ground again because of demands?

Well BCH also went down right? So what did they really accomplished by selling bitcoin.

o_e_l_e_o

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Quote from: Indamuck on November 15, 2018, 02:13:33 PM

-snip-

I fall on this side of the fence. All my gambling is to increase my stack of bitcoin. I never need to cash out my crypto if I don't want to, and if it all falls to zero, my quality of life won't change in the slightest. I am firmly in bitcoin for the long-term, and so short term price fluctuations are meaningless - I wouldn't even have known the price was down if every board on this forum hadn't been spammed with topics about bitcoin being dead.

LFC's advice is solid if you are converting in and out of fiat constantly. But if you are like me, and don't care about the fiat value, then you can just gamble on uninterrupted.

harizen

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I have been betting with bitcoin thru ups and downs since the beginning without harming my fiat so my gambling experience is really not totally affected at all with the recent price crash.

Never experienced to used fiat to buy bitcoin in any kind of purposes, including doing gambling. All are earned via various methods and succesfully maintained a good numbers since I started in crypto.

And besides Im used to this kind of trend. I will continue my gambling activity no matter what.

Well then there are people who are not like that so take this advice from OP.

Indamuck

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yawn......just another day in crypto. Bitcoin has always been super volatile, especially in the early days. I'm sleeping just fine and will wait out this storm like always. If anyone is concerned about this they can place their bets in fiat or convert their crypto to a stable coin like tether. Gamblers are usually more inclined towards risk anyways.

leowonderful

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Bitcoin FTW!

This is actually one of the reasons why I’ve completely stopped gambling as of recently, from playing games like dice to betting on eSports matches. I do have some fiat accounts with cash on them, so I’m going to temporarily bet on my fiat accounts while this little battle boils over. I haven’t moved a penny of my coins since the big drop yesterday was messing with the exchange prices sites like Bitrefill were charging for Amazon Giftcards as well; it’s unfortunate that the BCH battle’s affecting BTC in this manner, but I’m sure it’ll be over in a minute.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

yeah I agree , personally my units are based on Euros so when I make bets on bitcoin bookies I open preev and insert 25 euros for example to see how much is that exactly in bitcoin then I bet it
yesterday and today I stopped doing this cause the numbers were changing crazily within few seconds so I moved all my action to the asian bookies till the price of btc settles a little

BUT if you are gambling to make more BTC regardless of fiat value then this shouldn't affect how you bet , but as I stated my bets are fiat based and when it comes to sprotsbetting my goal is to make more euros since the majority of my bets are on horse racing so I have to stick to fiat exchanges

bigmaster23

full member

Activity: 518

Merit: 106

WWW.BLOCKCHAIN021.COM

Thanks for informing us mate, probably even if you won on gambling there's nothing left to be called as profit because the btc could turn against your winning streak.

I will only gamble on fiat for this week or so.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Guys, you can tell me to fuck off if you want but as a fellow gambler & I suppose a friend I want to give a bit of advice -

The bitcoin price has been INCREDIBLY VOLATILE over the last 24 hours & is probably set to continue that way for the next few days/weeks in some part due to the civil war over at BCH betwwen Ver/Wu & CW.

With what they’re doing (selling BTC to support their shit show) it’s made the BTC price crash (plus traders making it worse by panic selling).

Any way it doesn’t really matter why the price is volatile AF but it is. This affects gamblers & the bets you’re placing. A $20 (in bitcoin) bet made 2 days ago for football games tonight isn’t the same as placing a $20 bet (in bitcoin) tonight.

Just be fucking careful please guys because you could get burnt badly (your winnings might look like shit by the time your result comes in with the way the price of bitcoin is going).

Just a friendly bit of advice any way, you don’t have to listen to me. Personally, I won’t be betting with bitcoin for a little while any way until the market sorts itself out.

Peace

Topic: Friendly advice/warning about gambling in this market (Read 23287 times)