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Topic: Gambling with Fiat or Crypto? - page 11. (Read 3125 times)

sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
December 05, 2019, 07:47:21 AM

Ah, I make a mistake by writing that. Thank you for reminding me. I edit my post Grin

Yes, fiat and crypto is money, but when I play gambling with crypto, I don't risk my real money, but I send some coin to the gambling website so I can directly play gambling. I mean I prefer to play gambling with crypto than fiat because if I use fiat to gamble, I need to use my money from my pockets.
i think what you mean here by "not using you money from pocket" is that you only Gamble the payments you are getting from participating in Signature campaign(or other bounty that you are joining for)?so you dont have to get any amount from your pocket instead just sending the Bitcoin that Bitvest is paying you?thats one good control of desire to gamble when you just spending the crypto payment than the FIAT  in which will be from your real job payments.
hero member
Activity: 3052
Merit: 606
December 05, 2019, 06:25:11 AM
What I mean was, it is bad to gamble with crypto when the price is slaughtered because this is the best time to hold and not spend.

At the begin of 2016, I won on Peerbet.org 3,5 BTC from somebody. It was worth 1000$ back then and on ATH it was whooping 70.000$.

Now you understand me?

I understand your statement but back then when I started with crypto gambling, I never think of investing, I just deposit fiat in our local exchange, convert it with BTC and then send it to a gambling site, and vise versa and that was a simple process.

I also know that there was a fee, and even the conversion from fiat to btc, I am not getting a standard market price, it was a bit higher and therefore I will get less BTC, but the convenient it offers to me is what I am really looking for why I choose to gamble using BTC or crypto.
legendary
Activity: 2744
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December 05, 2019, 06:15:27 AM
With that logic you're better off buying crypto with fiat during the bottom and using crypto to gamble. Vice versa sell the top and use fiat to gamble...

Just read one more time what you have written and think for a second if there is a common-sense in it?

So why to bother at all and not to play with FIAT instead of crypto in such circumstances?

Why convert Fiat to crypto and vice versa? To pay additional fees? There is no sense at all. Don't mention volatility.

What I mean was, it is bad to gamble with crypto when the price is slaughtered because this is the best time to hold and not spend.

At the begin of 2016, I won on Peerbet.org 3,5 BTC from somebody. It was worth 1000$ back then and on ATH it was 70.000$.

Now you understand me?
sr. member
Activity: 1512
Merit: 316
December 05, 2019, 04:52:46 AM
Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money  That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.

It is going to be different beacuse fair would not appreciate and bitcoin we know what a Big potential game changer it is and today 100$btc next few months might turn out or be 200$ or so but Fiat remains same at 100$ only .
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
December 05, 2019, 04:31:50 AM

Lol, you repeat again that fiat is real money. Or you probably mean physical fiat... physical =real?
 Guess you don't gamble online with your local virtual fiat currency or you don't really gamble on local gambling sites.  I kind of understand your point though.


Hahaha, I hope now I make it right Grin


For us who earn crypto in online or in this forum to be specific, we might not value our crypto that much compared to the fiat that we earned through our day job as what we are earning here can be considered as extra income or maybe appropriate to call it as reward and with that reward its just right to enjoy it and gambling is one of them.

Personally I feel what michellee has stated, I am less worried to loss my crypto compared to the depositing fiat to a gambling site.

Thank you for explaining what I mean.


We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm

In my area, we can send/deposit some money through their bank account, and they give credit to our account so we can start to gamble. I don't want to use that way since I need to spend that money. Besides that, I think my banks will be suspicious if I do that because they prohibit their members from sending any money for unknown transactions, and they will investigate both accounts.
sr. member
Activity: 1092
Merit: 284
December 04, 2019, 09:49:44 PM
I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.

I think that it will be a good idea if we can gamble depend on the situation because we live in real life and we often socialize with other people. Some of them will ask us to play a card, and of course, with some money inside the games. And that will be better if we can use the limits in traditional gambling as we don't want to get the lose of the money. But I still prefer to play gambling with fiat than crypto because I don't have to risk my real money.

We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm
sr. member
Activity: 644
Merit: 364
In Code We Trust
December 04, 2019, 10:30:23 AM
I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.

Maybe the reason for that is because, if you are in a casino, you wouldn't really took off your phone to scan and bet your funds right? To play in a legit casino, you need chips, you need tangible object to bet because that is one part of what casino is providing their gamblers, which is the excitement in winning and exchanging the chips they have to money.
hero member
Activity: 3052
Merit: 606
December 04, 2019, 06:22:33 AM
But I still prefer to play gambling with fiat than crypto because I don't have to risk my real money.

I don't understand this, fiat and crypto are both money, and therefore you are risking money regardless of what you use to gamble.

Sorry, but I have to ask this, are you have you tried gambling both in crypto and fiat?

Ah, I make a mistake by writing that. Thank you for reminding me. I edit my post Grin

Yes, fiat and crypto is money, but when I play gambling with crypto, I don't risk my real money, but I send some coin to the gambling website so I can directly play gambling. I mean I prefer to play gambling with crypto than fiat because if I use fiat to gamble, I need to use my money from my pockets.

Lol, you repeat again that fiat is real money. Or you probably mean physical fiat... physical =real?
 Guess you don't gamble online with your local virtual fiat currency or you don't really gamble on local gambling sites.  I kind of understand your point though.


For us who earn crypto in online or in this forum to be specific, we might not value our crypto that much compared to the fiat that we earned through our day job as what we are earning here can be considered as extra income or maybe appropriate to call it as reward and with that reward its just right to enjoy it and gambling is one of them.

Personally I feel what michellee has stated, I am less worried to loss my crypto compared to the depositing fiat to a gambling site.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
December 04, 2019, 05:23:44 AM
But I still prefer to play gambling with fiat than crypto because I don't have to risk my real money.

I don't understand this, fiat and crypto are both money, and therefore you are risking money regardless of what you use to gamble.

Sorry, but I have to ask this, are you have you tried gambling both in crypto and fiat?

Ah, I make a mistake by writing that. Thank you for reminding me. I edit my post Grin

Yes, fiat and crypto is money, but when I play gambling with crypto, I don't risk my real money, but I send some coin to the gambling website so I can directly play gambling. I mean I prefer to play gambling with crypto than fiat because if I use fiat to gamble, I need to use my money from my pockets.

Lol, you repeat again that fiat is real money. Or you probably mean physical fiat... physical =real?
 Guess you don't gamble online with your local virtual fiat currency or you don't really gamble on local gambling sites.  I kind of understand your point though.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
December 04, 2019, 04:03:05 AM
But I still prefer to play gambling with fiat than crypto because I don't have to risk my real money.

I don't understand this, fiat and crypto are both money, and therefore you are risking money regardless of what you use to gamble.

Sorry, but I have to ask this, are you have you tried gambling both in crypto and fiat?

Ah, I make a mistake by writing that. Thank you for reminding me. I edit my post Grin

Yes, fiat and crypto is money, but when I play gambling with crypto, I don't risk my real money, but I send some coin to the gambling website so I can directly play gambling. I mean I prefer to play gambling with crypto than fiat because if I use fiat to gamble, I need to use my money from my pockets.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
December 03, 2019, 05:04:01 AM
But I still prefer to play gambling with fiat than crypto because I don't have to risk my real money.

I don't understand this, fiat and crypto are both money, and therefore you are risking money regardless of what you use to gamble.

Sorry, but I have to ask this, are you have you tried gambling both in crypto and fiat?
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
December 03, 2019, 01:39:33 AM
I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.

I think that it will be a good idea if we can gamble depend on the situation because we live in real life and we often socialize with other people. Some of them will ask us to play a card, and of course, with some money inside the games. And that will be better if we can use the limits in traditional gambling as we don't want to get the lose of the money. But I still prefer to play gambling with crypto than fiat because I don't have to risk my real money.
hero member
Activity: 2716
Merit: 904
December 03, 2019, 01:18:48 AM
I think the same, cryptos make gambling more accessible for anyone, i don't gamble with fiat at all but with cryptos is fun to do it sometimes.

I think the fact that anyone can bet cryptos now days is a problem because any child could use cryptos and place bets... casinos doesn't realy have a way to prove the user behind the bet is an adult.

Honestly, it is quite scary to play using fiats now a days I rather gamble online since I also have works to accomplish, I do not have time to go to casino, and since I am in the cryptocurrency space where we all know gambling sites are prevalent, why don't we maximize our opportunity to gamble using cryptocurrency? I am planning to sell my tokens from bounty so I could have funds to play just for fun.
When you are providing your information just to comply with the requirement of the fiat casinos, that's scary especially if your country is not pro gambling.

Also, with your information on the gambling sites, we don't know what they would do with it, so for more comfort and safety, gambling with crypto is really the trend now, people who are just gambling in fiat should try gambling with crypto, its the same entertainment they will get but gambling with crypto is more secured... fiat gambling is more suitable only for high rollers as they would surely abide with the requirements as long as they can gamble with their range.
sr. member
Activity: 644
Merit: 364
In Code We Trust
December 03, 2019, 01:00:15 AM
I think the same, cryptos make gambling more accessible for anyone, i don't gamble with fiat at all but with cryptos is fun to do it sometimes.

I think the fact that anyone can bet cryptos now days is a problem because any child could use cryptos and place bets... casinos doesn't realy have a way to prove the user behind the bet is an adult.

Honestly, it is quite scary to play using fiats now a days I rather gamble online since I also have works to accomplish, I do not have time to go to casino, and since I am in the cryptocurrency space where we all know gambling sites are prevalent, why don't we maximize our opportunity to gamble using cryptocurrency? I am planning to sell my tokens from bounty so I could have funds to play just for fun.
legendary
Activity: 3346
Merit: 3130
December 02, 2019, 11:01:29 PM
I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.

I think the same, cryptos make gambling more accessible for anyone, i don't gamble with fiat at all but with cryptos is fun to do it sometimes.

I think the fact that anyone can bet cryptos now days is a problem because any child could use cryptos and place bets... casinos doesn't realy have a way to prove the user behind the bet is an adult.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
December 02, 2019, 08:53:50 PM
Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money  That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.
This is where you make a mistake. When you place the bet in terms of fiat on sports betting and you've won it. Here you'll get the respective equivalent value. Same time if you've done the same in terms of bitcoin what you'll get is based on the market. Here it could go low as well as can increase. There is risk, but it is quite simple than betting on a gambling house that works with fiat.
jr. member
Activity: 38
Merit: 2
December 02, 2019, 05:44:25 PM
Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money  That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.
sr. member
Activity: 2366
Merit: 448
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December 01, 2019, 10:31:35 AM
I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.
newbie
Activity: 7
Merit: 0
November 30, 2019, 06:12:17 PM
Nonetheless, with the many benefits crypto gambling provides on top of Fiat...

Please name a view because lately, I see that FIAT is better to gamble with because cryptocurrencies have very high volatility.

During deeps, I rather like to play with FIAT than cheap, underpriced crypto.

When BTC is on ATH then I like to spend it of course but when is under 10K per BTC I rather choose FIAT. When we add KYC/AML really I don't see any advantages left for crypto casinos.

With that logic you're better off buying crypto with fiat during the bottom and using crypto to gamble. Vice versa sell the top and use fiat to gamble...
legendary
Activity: 2744
Merit: 1708
First 100% Liquid Stablecoin Backed by Gold
November 30, 2019, 03:04:51 PM
Nonetheless, with the many benefits crypto gambling provides on top of Fiat...

Please name a view because lately, I see that FIAT is better to gamble with because cryptocurrencies have very high volatility.

During deeps, I rather like to play with FIAT than cheap, underpriced crypto.

When BTC is on ATH then I like to spend it of course but when is under 10K per BTC I rather choose FIAT. When we add KYC/AML really I don't see any advantages left for crypto casinos.
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