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Topic: Gambling with Fiat or Crypto? - page 8. (Read 3124 times)

full member
Activity: 1330
Merit: 248
December 27, 2019, 08:13:15 AM
I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.
I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.
With convenience, this would attract us to gamble more.

Honestly I am also one of the gamblers who start gambling more when they know about crypto gambling sites, on a regular basis I am putting my bets on the sports that I like and it has been part of my life already, losing is part also but as you get more matured, you'll be able to know how to handle yourself and bet within your limit.
Yeah, being mature enough can make us control ourselves and decisions when playing. I know my limitations when playing online gambling even though I am new to it, maybe because I already know the risk because of my experience before from physical gambling games.
legendary
Activity: 3066
Merit: 1312
December 26, 2019, 09:04:44 PM
What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts? Huh

Although I started with fiat but now since an year or two I prefer gambling with crypto. Beside crypto’s advantage of staying anonymous and minimum KYC, it also gives advantage of higher rewards due to its volatility. Also, the friends around me and my network of gamblers deal in crypto which makes me too prefer crypto when it comes to gambling.

If we are talking about its volatility, it can be both advantage and disadvantage because its price may dropping down when you win and it means that the value of your win is decreased in fiat. Of course you may get double or even more value if the price is raising significantly. The most important thing is that we should aware of its volatility.
hero member
Activity: 2982
Merit: 610
December 26, 2019, 06:36:58 PM
Gambling with crypto is now so much easier that in my opinion one finds it more cumbersome to gamble with fiat. Crypto can easily be obtained sometimes from airdrops and some times just giveaways or from sharing competitions etc. I only recently started limiting my gambling to just the crypto earned that way I feel better about not giving away too much
That's a good idea if you are just giving it away, .. well, gambling is for fun and if you earn crypto, it would not hurt you a lot when you lose because in the first place, that's not a hard earned money compared to what you earn from your business or from your job.

In general, IMO, crypto gambling is better than fiat, it's fast and anonymous, that alone already gives the gamblers the kind of comfort they want.
legendary
Activity: 1372
Merit: 1027
Dump it!!!
December 26, 2019, 06:08:35 PM
Gambling with crypto is now so much easier that in my opinion one finds it more cumbersome to gamble with fiat. Crypto can easily be obtained sometimes from airdrops and some times just giveaways or from sharing competitions etc. I only recently started limiting my gambling to just the crypto earned that way I feel better about not giving away too much
sr. member
Activity: 744
Merit: 266
December 26, 2019, 02:17:54 PM
What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts? Huh

Although I started with fiat but now since an year or two I prefer gambling with crypto. Beside crypto’s advantage of staying anonymous and minimum KYC, it also gives advantage of higher rewards due to its volatility. Also, the friends around me and my network of gamblers deal in crypto which makes me too prefer crypto when it comes to gambling.
sr. member
Activity: 1638
Merit: 300
December 26, 2019, 09:20:28 AM
Since i started to invest my money in cryptocurrency and i knew about crypto casino. It will be better if i just used my cryptocurrency in playing gambling because i can used all of winnings as an investment. I know it will be a risk if i will gamble them, but it will be good if i gain all of my crypto in gambling.

It is a great risk and it is not good to earn your money in gambling. Not because it is bad money but because you tend to usually lose your money. Hoping that you could even earn a good money in gambling will already make you lose.
full member
Activity: 1638
Merit: 122
December 26, 2019, 08:47:15 AM
Since i started to invest my money in cryptocurrency and i knew about crypto casino. It will be better if i just used my cryptocurrency in playing gambling because i can used all of winnings as an investment. I know it will be a risk if i will gamble them, but it will be good if i gain all of my crypto in gambling.

thats so wise   . you got a point there .  your money were pour on the crypto so why not use that crypto when playing a gambling  ? in that way you save your cash plus most gambling site you can find right  now are only accepting a crypto so it also save your self a hassle from fiat conversion to crypto  . when you win can have extra asset but what if you loose ? you also loose some asset  . playing gambling is already risky no matter what currency you are using  . you can still gain a crypto on other sources and not just on gambling alone  .
sr. member
Activity: 812
Merit: 262
December 26, 2019, 08:37:37 AM
Since i started to invest my money in cryptocurrency and i knew about crypto casino. It will be better if i just used my cryptocurrency in playing gambling because i can used all of winnings as an investment. I know it will be a risk if i will gamble them, but it will be good if i gain all of my crypto in gambling.
sr. member
Activity: 1512
Merit: 316
December 26, 2019, 06:30:22 AM
i love my crypto and i dont want to waste and risk for gambling so i choose playing using Fiat whenever i wanna gamble now.
because i have learned to value my precious currency in my folio so why need to gamble when i have cash to make my habit filled?

People who value or understand the future of crypto and the coin they hold will grow significantly then it is better to only gamble with Fiat and not with crypto as risks in gambling is high of losing the money than winning back the money .
sr. member
Activity: 2618
Merit: 439
December 26, 2019, 06:11:58 AM
I already try playing gambling with cryptocurrency and fiat but for me, it's more convenient to use the cryptocurrency because of it's fast transaction especially in online gambling. Actually, it is quite hassled to bring a lot of money to a casino that's why I only play in our house and like I just turn on my computer and then, deposit some cryptocurrency and I can play now my favorite gambling games. I will go with using cryptocurrency in playing than fiat and because of its being convenient.
your comparison is Online Casino and Real Casino,of course that is a  2 different place and system to play .i can bring smaller amount in Real casino to prevent spending bigger while i can depisot more crypto online to justify my gambling addiction.

so if you are to choose what will you do?but it is good to play with limitation and not just because we are playing online or in Real.
copper member
Activity: 658
Merit: 402
December 26, 2019, 05:58:18 AM
I already try playing gambling with cryptocurrency and fiat but for me, it's more convenient to use the cryptocurrency because of it's fast transaction especially in online gambling. Actually, it is quite hassled to bring a lot of money to a casino that's why I only play in our house and like I just turn on my computer and then, deposit some cryptocurrency and I can play now my favorite gambling games. I will go with using cryptocurrency in playing than fiat and because of its being convenient.
full member
Activity: 2548
Merit: 217
December 26, 2019, 04:50:28 AM
i love my crypto and i dont want to waste and risk for gambling so i choose playing using Fiat whenever i wanna gamble now.
because i have learned to value my precious currency in my folio so why need to gamble when i have cash to make my habit filled?
full member
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
December 26, 2019, 04:30:56 AM
I think our dependent on fiat currencies is why it's quite hard to ignore the regular significant changes in the price of cryptocurrency. If most of the world begin to depend more crypto and less (or not atall) on fiat, I think prices of "crypto-priced" goods & services could become the new yardstick.
That is a long way to go my friend. We are still scraping for bitcoin-accepting marketplaces in the clearnet and merchants who accept it. Then fiat is the majority of transaction mode for the world population. A fully crypto-centric economy is nowhere near us.

Quote
We could even observe casinos adjusting prices based on demands and prices of other crypto-priced goods/services
But I still think the current situation is manageable. The average gambler does not spend so much bitcoins that the dollar valuation is worth looking into. Still for a whale it is big and they often change their habits of gambling with market price changes and burn their coins a lot more when prices fall.

This may affect more on the purchase of bitcoin for spending in casinos and others.


One of the highest earnings are coming from the gambling, and this game consists of different card games, dice and many more, most of the time gamblers went to a casino or in a gambling house to play fun and earn more. Before the players go to a far play to play gambling, but by the use of technology and innovation, they convert gambling into online gambling. Hence, even the player is in the house or different places and have an internet connection they can play gambling. But the wages become digital too they convert the real money into digital money with the same price and use this for gambling. Today there is a new improvement to the world of gambling because the cryptocurrency created they are the same as in fiat. Still, the difference is the price on crypto changes because it is volatile even you earn a lot of cryptocurrencies, but the price is low; it is just nothing and vice versa. Using fiat and cryptocurrency gambling is the same once you use it in the game, but the difference is only the price the crypto is volatile, and the fiat is just a fixed monetary value.
newbie
Activity: 5
Merit: 0
December 26, 2019, 03:46:22 AM
I agree with most of the comments here. Online gambling has been booming recently as physical casinos will be inconvenient to some people especially to countries like mine that traffic is terrible. I play online gambling myself to try my luck and I would prepare to use cryptocurrency as well.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
December 26, 2019, 03:30:45 AM
I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity.
I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.
Because of the gambling now are online people can easiliy play gambling without no one that you are gambling player just like before traditionally people need to go to a casino to play gambling but now it's high tech which is really helpful for all player and qe have two choices to use is either fiat or crypro but me personally I prepare using crypto too just like most of the player of gambling.
With respect to what is convenient, the means of gambling should depend on what convenient in playing. So if you are playing any type of gambling it is best to use what its primary mode of currency, online is to cryptocurrency and offline is to fiat. Now that we are talking online gambling the best to use is cryptocurrency although there are some that offers fiat too my stand is to use crypto.

I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.
Me too I'm also playing pusoy card game but I don't play at high table coz it is illegal , seems like you are in the same country as I am  Grin
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
December 26, 2019, 02:04:59 AM
I think our dependent on fiat currencies is why it's quite hard to ignore the regular significant changes in the price of cryptocurrency. If most of the world begin to depend more crypto and less (or not atall) on fiat, I think prices of "crypto-priced" goods & services could become the new yardstick.
That is a long way to go my friend. We are still scraping for bitcoin-accepting marketplaces in the clearnet and merchants who accept it. Then fiat is the majority of transaction mode for the world population. A fully crypto-centric economy is nowhere near us.

Quote
We could even observe casinos adjusting prices based on demands and prices of other crypto-priced goods/services
But I still think the current situation is manageable. The average gambler does not spend so much bitcoins that the dollar valuation is worth looking into. Still for a whale it is big and they often change their habits of gambling with market price changes and burn their coins a lot more when prices fall.

This may affect more on the purchase of bitcoin for spending in casinos and others.
hero member
Activity: 1834
Merit: 523
December 20, 2019, 03:44:51 AM
I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.
I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.
Because of the gambling now are online people can easiliy play gambling without no one that you are gambling player just like before traditionally people need to go to a casino to play gambling but now it's high tech which is really helpful for all player and qe have two choices to use is either fiat or crypro but me personally I prepare using crypto too just like most of the player of gambling.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
December 20, 2019, 02:44:16 AM
If he goes down means your income also dropped dramatically. How about that? what do you do if that happens ...? Are you betting again to increase your income. For example, you win 0.1 bitcoin ... then the price drops far. If you wait for the price to go back up, it means you will vacuum first to bet?
That much volatility can be ruled out in bets smaller than 10btc. You have to understand that the market though labelled as "very volatile" by many people, its not the correct term to use. There is less than 5% change in market price of bitcoin these last few months except this 1k USD crash and rise this week. So your dollar value of the bet is more or less same even if prices tank or rise.

But this is an inherent risk with the cryptocurrencies. You cannot avoid it. It does not mean that fiat has the advantage of being completely stable. Both has its pros and cons and fiat will not provide the anonymity that crypto provides.

I think our dependent on fiat currencies is why it's quite hard to ignore the regular significant changes in the price of cryptocurrency. If most of the world begin to depend more crypto and less (or not atall) on fiat, I think prices of "crypto-priced" goods & services could become the new yardstick. We could even observe casinos adjusting prices based on demands and prices of other crypto-priced goods/services
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
December 20, 2019, 01:57:30 AM
If he goes down means your income also dropped dramatically. How about that? what do you do if that happens ...? Are you betting again to increase your income. For example, you win 0.1 bitcoin ... then the price drops far. If you wait for the price to go back up, it means you will vacuum first to bet?
That much volatility can be ruled out in bets smaller than 10btc. You have to understand that the market though labelled as "very volatile" by many people, its not the correct term to use. There is less than 5% change in market price of bitcoin these last few months except this 1k USD crash and rise this week. So your dollar value of the bet is more or less same even if prices tank or rise.

But this is an inherent risk with the cryptocurrencies. You cannot avoid it. It does not mean that fiat has the advantage of being completely stable. Both has its pros and cons and fiat will not provide the anonymity that crypto provides.
full member
Activity: 1008
Merit: 101
December 15, 2019, 05:01:52 AM
I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.
I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.
It’s good to have such thinking that you want to keep gambling and trying your luck but mate try to avoid addiction as those who get addicted May lose all their savings into gambling. I know gambling is all about knowledge and luck so it’s 50/50 to earn with luck and skills.  If you find online gambling with crypto reliable you can gamble with crypto but I like to gamble with fiat most of the time.
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