Gambling In Crypto | Bitcointalksearch.org

molsewid

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Quote from: Cling18 on January 29, 2022, 05:44:42 AM

Gambling the allocated fund that you could afford to lose would be a smart decision. We should keep in mind that there's no guarantee of sure profit in gambling so we must be wise in spending. Either crypto or fiat, you should know how to use your funds wisely and never use all of it in gambling because you might regret losing everything in the end.

It's a constant reminder to allocate a fund that you can afford to lose because exceeding on you limitation or overspending on your allocated fund may probably fall a gambler into debt. And as a gambler this one should be a top reminder if we want a peaceful life after gambling. What I mean about it is that when you loss your allocated in gambling you will jot be very discourage and depressant because you know to yourself that this certain amount is what you can afford to lose. This kind of reminder doesn't sit on on fiat but also in crypto or in any aspect of finances.

rijaljun

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Quote from: madnessteat on January 28, 2022, 10:15:39 AM

If you are worried about the volatility of cryptocurrencies, do not deposit large sums at gambling sites, and if you increase your account by winning, then withdraw funds and change them into stabelcoins. Many gambling sites offer an opportunity to deposit and play in stabelcoins which have no volatility compared to BTC or Ethereum.

I believe that I am speaking on a general perspective, and as much as the volatility of crypto has been a worry for the many, it is also what makes crypto gambling more exciting and gives the opportunity to increase the value of your money. I must agree with that there are gambling sites that are featuring stabelcoins, and so that leaves tx fees as one of the concerns in crypto gambling.

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Quote from: Bitinity on January 29, 2022, 05:45:42 AM

Quote from: Doell on January 29, 2022, 02:13:13 AM

I gamble using crypto and fiat ,both are far different and superior to using crypto so far (IMO) ! because using fiat I always get carried away by emotions and drifted in a frantic feeling ,between curiosity and a little addiction too ! using crypto can manage my finances how much money can I spend buying crypto ,if I lose I'll stop but if I win it will bring abundant profits ^{price volatility} !

I'm not sure how can gamble with fiat give you worst effect than crypto while it should have no different at all especially if we are talking about addiction. Money management also should not be different as it is about how serious we are in controlling ourselves. Last thing, crypto does not give guarantee of abundant profits due to its volatility because you may lose your profit when you win if the price is dumped significantly.

I agree.

Using fiat or cryptocurrency is just the same, because you are betting your currency. The only difference is that obtaining fiat is much easier than obtaining cryptocurrency, that's why you think using it is worst than using cryptocurrency. But the cons in using cryptocurrency is that you're losing much more in the long run, because of volatility, if you use it to trading (stock trading) buy low, sell high, maybe you'll earn profits rather than losing too often in gambling.

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Quote from: Doell on January 29, 2022, 02:13:13 AM

I gamble using crypto and fiat ,both are far different and superior to using crypto so far (IMO) ! because using fiat I always get carried away by emotions and drifted in a frantic feeling ,between curiosity and a little addiction too ! using crypto can manage my finances how much money can I spend buying crypto ,if I lose I'll stop but if I win it will bring abundant profits ^{price volatility} !

I'm not sure how can gamble with fiat give you worst effect than crypto while it should have no different at all especially if we are talking about addiction. Money management also should not be different as it is about how serious we are in controlling ourselves. Last thing, crypto does not give guarantee of abundant profits due to its volatility because you may lose your profit when you win if the price is dumped significantly.

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Quote from: peter0425 on January 29, 2022, 05:39:01 AM

Quote from: traderethereum on January 29, 2022, 02:50:19 AM

Quote from: Wawa2013 on January 28, 2022, 10:58:54 PM

You are right, don't spend too much money when gambling, it only stresses us when we lose. Then what is dangerous is that the defeat of using
large capital makes us lose control, and try to cover up the defeats that we experience, then ultimately make us experience even greater losses.
Because the fact is that casinos always win, so we must learn to accept defeat when gambling. To be able to accept defeat we must ask ourselves,
how much money we are willing to lose if we lose. Because everyone is different, so just limit the money we will use to gamble according to the limits
we want. I myself have separated the money that I will use to gamble every weekend, so if the money runs out it means I have to stop gambling.
By limiting the money for gambling, I can avoid stress, and it finally made me avoid gambling addiction too.

It will not be suggested if you gamble using large capital, especially if you do not have good control to manage the money because when you lose some time, you will not think about how much you already losses instead of still playing for more.
It will lead you to use more money but you do not see your money is already reduced a lot.
If you use fiat or crypto, controlling your money will be important and just accept the losses and leave the gambling while you can.

in gambling there is no exact amount needed to use but at least you must Obliged yourself to have a budget amount to use and a target percent before stopping , if you can put these into action then you will always be saved in your gambling activities .

Only use the budget to let lose and use the target to let go.

I have learned those strategy when i become a gambling addict in which almost ruined my family life.

Gambling the allocated fund that you could afford to lose would be a smart decision. We should keep in mind that there's no guarantee of sure profit in gambling so we must be wise in spending. Either crypto or fiat, you should know how to use your funds wisely and never use all of it in gambling because you might regret losing everything in the end.

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Quote from: traderethereum on January 29, 2022, 02:50:19 AM

Quote from: Wawa2013 on January 28, 2022, 10:58:54 PM

You are right, don't spend too much money when gambling, it only stresses us when we lose. Then what is dangerous is that the defeat of using
large capital makes us lose control, and try to cover up the defeats that we experience, then ultimately make us experience even greater losses.
Because the fact is that casinos always win, so we must learn to accept defeat when gambling. To be able to accept defeat we must ask ourselves,
how much money we are willing to lose if we lose. Because everyone is different, so just limit the money we will use to gamble according to the limits
we want. I myself have separated the money that I will use to gamble every weekend, so if the money runs out it means I have to stop gambling.
By limiting the money for gambling, I can avoid stress, and it finally made me avoid gambling addiction too.

It will not be suggested if you gamble using large capital, especially if you do not have good control to manage the money because when you lose some time, you will not think about how much you already losses instead of still playing for more.
It will lead you to use more money but you do not see your money is already reduced a lot.
If you use fiat or crypto, controlling your money will be important and just accept the losses and leave the gambling while you can.

in gambling there is no exact amount needed to use but at least you must Obliged yourself to have a budget amount to use and a target percent before stopping , if you can put these into action then you will always be saved in your gambling activities .

Only use the budget to let lose and use the target to let go.

I have learned those strategy when i become a gambling addict in which almost ruined my family life.

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Quote from: Doell on January 29, 2022, 02:13:13 AM

I gamble using crypto and fiat ,both are far different and superior to using crypto so far (IMO) ! because using fiat I always get carried away by emotions and drifted in a frantic feeling ,between curiosity and a little addiction too !

I haven't felt that only with gambling with the other because that feeling of moving my emotions is always there whenever I gamble with fiat and crypto.

Quote from: Doell on January 29, 2022, 02:13:13 AM

using crypto can manage my finances how much money can I spend buying crypto ,if I lose I'll stop but if I win it will bring abundant profits ^{price volatility} !

But since we're all here, we're really liking the use of crypto and it's true. Whenever we win, we can hold those profits and wait until the price goes up so it's like another additional profit after winning.

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Quote from: Wawa2013 on January 28, 2022, 10:58:54 PM

You are right, don't spend too much money when gambling, it only stresses us when we lose. Then what is dangerous is that the defeat of using
large capital makes us lose control, and try to cover up the defeats that we experience, then ultimately make us experience even greater losses.
Because the fact is that casinos always win, so we must learn to accept defeat when gambling. To be able to accept defeat we must ask ourselves,
how much money we are willing to lose if we lose. Because everyone is different, so just limit the money we will use to gamble according to the limits
we want. I myself have separated the money that I will use to gamble every weekend, so if the money runs out it means I have to stop gambling.
By limiting the money for gambling, I can avoid stress, and it finally made me avoid gambling addiction too.

It will not be suggested if you gamble using large capital, especially if you do not have good control to manage the money because when you lose some time, you will not think about how much you already losses instead of still playing for more.
It will lead you to use more money but you do not see your money is already reduced a lot.
If you use fiat or crypto, controlling your money will be important and just accept the losses and leave the gambling while you can.

Doell

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I gamble using crypto and fiat ,both are far different and superior to using crypto so far (IMO) ! because using fiat I always get carried away by emotions and drifted in a frantic feeling ,between curiosity and a little addiction too ! using crypto can manage my finances how much money can I spend buying crypto ,if I lose I'll stop but if I win it will bring abundant profits ^{price volatility} !

Wawa2013

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Quote from: traderethereum on January 28, 2022, 03:01:05 AM

Quote from: Wawa2013 on January 27, 2022, 09:34:23 PM

I also never thought about how much victory I got from gambling. In fact, to be honest, I have experienced more losses when playing gambling.
Because from the very beginning my goal of playing gambling was just for entertainment and to release the stress that I get when I work.
So even if I get a win, I think it's just a bonus. I don't want to make gambling a source of income, because it is very difficult to expect to get
a consistent profit from gambling. In my opinion, gambling, which relies on luck to win, can make us stressed if it is used as a source of income.
So making gambling for entertainment is the best decision, so when gambling, either losing or winning, we can enjoy it.

We should do that if we want to play gambling so we do not have to get more stress from gambling.
As long as you can treat gambling as it is, you will have a chance to enjoy and release the stress you get from the other places, but you should not have any target on how many winning you can get as that will depend on your luck.
I think the other gamblers will have the same thing as us so we can still play gambling anytime we want and not get stressed because we lose because we do not use too big money to gamble.
But that will give more stress if you use big money and do not know when to stop.

You are right, don't spend too much money when gambling, it only stresses us when we lose. Then what is dangerous is that the defeat of using
large capital makes us lose control, and try to cover up the defeats that we experience, then ultimately make us experience even greater losses.
Because the fact is that casinos always win, so we must learn to accept defeat when gambling. To be able to accept defeat we must ask ourselves,
how much money we are willing to lose if we lose. Because everyone is different, so just limit the money we will use to gamble according to the limits
we want. I myself have separated the money that I will use to gamble every weekend, so if the money runs out it means I have to stop gambling.
By limiting the money for gambling, I can avoid stress, and it finally made me avoid gambling addiction too.

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My point is, there are no differences when it comes to the types of games. It's practically the same whether you bet with cryptocurrencies or fiat. When it comes to deposits and withdrawals, of course I agree that they are usually much faster with cryptocurrencies.

I guess the feelings will be different from using fiat and crypto as we know that fiat gambling sites will need us to follow their rules, including doing KYC, while in crypto gambling sites, some crypto gambling sites will let their users without doing KYC. That is the more benefits of crypto gambling sites than fiat gambling sites and we who use crypto will stay anonymous while playing gambling. But some fiat-crypto gambling users will still use fiat to gamble as they do not want to try a new experience.

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Quote from: The_Crypto_Gambler on January 24, 2022, 02:09:06 PM

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

The community aspect of most crypto casinos are simply unmatched by current fiat counterparts.

Also, the fact that you can deposit and withdraw funds almost on an instantaneous basis is definitely worth using crypto tokens imo.

Plus, if you were bullish on crypto (like me), you don't necessarily want to gamble in a native fiat ecosystem as you miss out on the potential capital gains that crypto brings to the table.

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Quote from: madnessteat on January 28, 2022, 10:15:39 AM

If you are worried about the volatility of cryptocurrencies, do not deposit large sums at gambling sites, and if you increase your account by winning, then withdraw funds and change them into stabelcoins.

I can't see the sense of doing it. If we deposit by batches, we might end up paying more fees.

For gambling-related activities, just deposit the amount we are willing to risk then gamble it properly. No need by batches or small amount.

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Quote from: Theones on January 28, 2022, 05:14:59 PM

Quote from: khaled0111 on January 28, 2022, 01:59:08 PM

If you are talking about the gambling experience itself, then I would say it's almost the same regardless of whether you're playing with fiat or cryptos. Fiat and crypto casinos have practically the same games and offer the same features.

When it comes to crypto and fiat gambling, there are no differences, except that in some casinos you can play anonymously for cryptocurrencies. When it comes to fiat, verification is always required. Besides that, the games and features are almost identical.
The differences are between gambling in a casino and betting on sports results at a bookmaker.

No difference? Of course there is a difference.
When you're transfering your fund to an online casino, it'll usually takes time for fiat to reach to your account, especially if there's a need for you to convert your local currency into dollars. For that you'll be charge for another buck even before you make the transfer. While, crypto doesn't need to be converted (in most occasion) and It'll almost instantly deposited to your online casino account.
That's one of the huge difference between the two except for the anonymity which also makes the huge difference as well.

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Quote from: Naficopa on January 28, 2022, 05:40:27 PM

Quote from: The_Crypto_Gambler on January 24, 2022, 02:09:06 PM

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

I don't know what you mean by "effective"? As for the fact that playing for cryptocurrencies there is a greater chance of winning than playing for fiat, I doubt that it would be so. I think the probability of winning is very similar, but of course it depends on each casino and its House Edge. However, the big advantage can be authentication via blockchain when the crypto casino is provably fair.

I dont believe about chances of winning differences because odds would really be just the same neither you do engage with fiat or crypto it would really be just the same.
They would only vary on payment terms and that verifying bets same as you mentioned which do really give out some impressions that you are dealing with things fairly
Unlike when you do play on fiat casinos which you couldnt be sure if they are fair or not and thats truly an advantage or good to know as a gambler
or user of a site.

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Quote from: The_Crypto_Gambler on January 24, 2022, 02:09:06 PM

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

I don't know what you mean by "effective"? As for the fact that playing for cryptocurrencies there is a greater chance of winning than playing for fiat, I doubt that it would be so. I think the probability of winning is very similar, but of course it depends on each casino and its House Edge. However, the big advantage can be authentication via blockchain when the crypto casino is provably fair.

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Quote from: Theones on January 28, 2022, 05:14:59 PM

Quote from: khaled0111 on January 28, 2022, 01:59:08 PM

If you are talking about the gambling experience itself, then I would say it's almost the same regardless of whether you're playing with fiat or cryptos. Fiat and crypto casinos have practically the same games and offer the same features.

When it comes to crypto and fiat gambling, there are no differences, except that in some casinos you can play anonymously for cryptocurrencies. When it comes to fiat, verification is always required. Besides that, the games and features are almost identical.
The differences are between gambling in a casino and betting on sports results at a bookmaker.

Almost identical which i do really agree and they do really differ in terms of payment options plus having that verification/KYC which do most people do really hate and this is why
they do much prefer on using or playing here on cryptospace.Gambling in crypto does offer some several games which are unique or cant be seen on fiats which you could
choose wide variety of them specially on crash and other luck based ones which you cant find in fiat which it do really make me switch up whether dealing on a fiat
casino or crypto one wouldnt really matter as long you do enjoy then thats already considered good.

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Quote from: khaled0111 on January 28, 2022, 01:59:08 PM

If you are talking about the gambling experience itself, then I would say it's almost the same regardless of whether you're playing with fiat or cryptos. Fiat and crypto casinos have practically the same games and offer the same features.

When it comes to crypto and fiat gambling, there are no differences, except that in some casinos you can play anonymously for cryptocurrencies. When it comes to fiat, verification is always required. Besides that, the games and features are almost identical.
The differences are between gambling in a casino and betting on sports results at a bookmaker.

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Quote from: The_Crypto_Gambler on January 24, 2022, 02:09:06 PM

Recently I have started to gamble with crypto, and other coins. Looking to speak with anyone who has had similar experiences. I find it much more effective than gambling with fiat. Let’s use this thread to discuss pros/cons and how us users can improve it!

Thanks!

So, when choosing cryptos you get much more privacy because you don't need to use third parties to send funds to the casino, crypto goes straight from your wallet to the casino's.
As for KYC, at least to play it you will not have to go through this verification, but if you have high winnings at the casino and want to withdraw a high amount, even in a crypto game you will possibly have to do KYC, depending on the site .
As for Fiat casinos, I don't see any advantages.

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Quote from: rijaljun on January 28, 2022, 09:55:24 AM

Most of us here are crypto gamblers, the pros I can see with crypto is that it's anonymous and there's a lot of available coins that gambling site accepts cryptocurrency, the downside is that the price is volatile but not much of a problem another downside is the tx fee especially with Bitcoin and Ethereum. In regards with fiat if it is stable but most of the gambling sites won't allow you to withdraw big amount of money.

Commissions for transferring funds in bitcoin have been very small for quite a long time, at least for replenishing an account. Casinos are usually insured and use a flat withdrawal fee, but you can withdraw in another cheaper currency. It is better not to deal with Ethereum at all (unless you are a high roller) the commissions are absolutely unacceptable. If you are worried about volatility, then use stablecoins, most casinos work with them, and by the way, working with them in the Solana and Tron networks requires meager commissions.

Topic: Gambling In Crypto (Read 755 times)