Topic: Gambling with the Price Changes? - page 4. (Read 3037 times)
Price changes does not influence gambling at all, reason being the gamblers are addicted and rush for more money so if the price increase they bet accordingly higher and when it gets low they bet lower.
With the spike in price in BTC recently, do you gamble more or less during this time? I'm assuming people probably buy less and deposit, but what about the amount that's already in your account?
yeah i guess that is how things are going to be like in the future, less amount of bitcoin being gambled,
i will do it anyways because losing the same amount as before means losing more money so i will deposit less.
I measure my poker bankroll according to my overall income....My poker bankroll is set at twenty percent of my overall monthly expected income and I never put more than ten percent of my poker bankroll in play at any one time. Bankroll management is the most neglected attribute of those who suffer from problem gambling....It's a necessary requirement to be a successful player.
I agree, whether you win most of the time or let's say you have a good winning record in gambling but you have lack of discipline in managing your bankroll you are prone to losing your entire bankroll in just a span of time. 
I measure my poker bankroll according to my overall income....My poker bankroll is set at twenty percent of my overall monthly expected income and I never put more than ten percent of my poker bankroll in play at any one time. Bankroll management is the most neglected attribute of those who suffer from problem gambling....It's a necessary requirement to be a successful player.
Same as before i guess. The price of bitcoin is not a big deal for me when I'm gambling. I just bet and win and lose, no need for any consent on how the bitcoin price is high or low. It will be a very big deal if i'm cashing out my bitcoins into fiat money but for gambling, no.
Exactly while the time I would end gambling and try to get fiat for my btc the price would be almost same again, as the fluctuations are just temporary and you cant expect btc to go too low or too high in a short span if time.
For me it doesn't make that much of a difference yet. If we see a bigger increase in price, then it will definitely affect how much I bet with. I think the price will come back down a little as a correction over the next few weeks, but I'm no expert.
With the spike in price in BTC recently, do you gamble more or less during this time? I'm assuming people probably buy less and deposit, but what about the amount that's already in your account?
Generally the price increase of bitcoins leads to more gambling, you wonder how? Basically gamblers have now more money as the price has increased and now can gamble more, it's a hobby does not matter on prices though in my personal opinion.And i think gamble with bitcoin is for rich people only because bitcoin is more valueable and it will rise more soon..
I think if any one is a regular gambler he won get affected with the price, i am only doing mostly sports betting so for me price dont matter much as i use to play regularly on sports and win or lose that is not a problem as i play in my daily limit.
Ya but i am waiting for price above $700 so the reserve which i have kept i will convert it to fiat currency as i think before halving their will be huge price fluctuations.
Ya but i am waiting for price above $700 so the reserve which i have kept i will convert it to fiat currency as i think before halving their will be huge price fluctuations.
I use btc as USD as I use btc-e so whenever I gamble, I basically purchase btc worth that much USD and gamble, so I think btc price rise or drop does not matter much to gamblers like me.
I do not have a gambling addiction, so it's easy for me to stop, when gambling becomes too expensive. The thing is, most jackpots and prize money also increase in value when the price rise. So the
gambler get the same value for his/her money, when they withdraw or win anything. In any way, you should gamble for the fun.... the same goes for other entertainment for example.. going to the
movies... if the tickets become to expensive, people will not go and ticket sales will drop.. the cinemas will notice it, and they will drop the price of the tickets and make you pay more for the popcorn.
gambler get the same value for his/her money, when they withdraw or win anything. In any way, you should gamble for the fun.... the same goes for other entertainment for example.. going to the
movies... if the tickets become to expensive, people will not go and ticket sales will drop.. the cinemas will notice it, and they will drop the price of the tickets and make you pay more for the popcorn.
With the spike in price in BTC recently, do you gamble more or less during this time? I'm assuming people probably buy less and deposit, but what about the amount that's already in your account?
Generally the price increase of bitcoins leads to more gambling, you wonder how? Basically gamblers have now more money as the price has increased and now can gamble more, it's a hobby does not matter on prices though in my personal opinion. 
Sudden price changes doesn't affect our gambling activity as long as your casino doesn't convert your bitcoin to fiat.
So, it would be great if we won lots of bitcoin when the price is rising
So, it would be great if we won lots of bitcoin when the price is rising
Yup, since the currency used in online casino site is purely based on digital currency, there should not be a problem as the minimum bet and the maximum remains the same. Unless you are going to convert the btc back to cash then it will affect you.
Sudden price changes doesn't affect our gambling activity as long as your casino doesn't convert your bitcoin to fiat.
So, it would be great if we won lots of bitcoin when the price is rising
So, it would be great if we won lots of bitcoin when the price is rising
I think the current price rise will not stop people to gamble, on the contrary, this may be an opportunity for them to collect bitcoin is more of a gamble. even if the price goes down, I guess they will not stop, because gambling is a very fun game and make a person become addicted
Thanks for the great insights and opinions 
You all seem to make some good points on it. Sometimes a spike upwards it makes winning more appealing but at the same time it can make people cash out the coins. And sometimes it doesn't matter. I guess it all depends on the person
You all seem to make some good points on it. Sometimes a spike upwards it makes winning more appealing but at the same time it can make people cash out the coins. And sometimes it doesn't matter. I guess it all depends on the person 
With the spike in price in BTC recently, do you gamble more or less during this time? I'm assuming people probably buy less and deposit, but what about the amount that's already in your account?
My bet size (in the unit of BTC) hasn't changed at all, because I am only making some small bets (0.01 - 0.05 btc) most. A price change from $450 to $530 simply means that I am spending a few bucks more on a bet, which is insignificant. I could imagine a whale betting less (in the unit of BTC) with BTC price going up though.
With the spike in price in BTC recently, do you gamble more or less during this time? I'm assuming people probably buy less and deposit, but what about the amount that's already in your account?
In my opinion, users that have to buy bitcoins now will receive less bitcoins for its cash, and they will spend less on gambling. But this will not affect users that have bitcoins on its wallets, they will play the same amount of bits than before the price spike.
With the spike in price in BTC recently, do you gamble more or less during this time? I'm assuming people probably buy less and deposit, but what about the amount that's already in your account?
Nothing much changes with the price change, its only up not even 20% atm. The bitcoin market takes months to adapt. Its great news for sites who gain higher stake games by default.
If you do gambling with the price changes then you better do day trading as it is more profitable on your part if you are good in predicting the price or value of bitcoins.
With the spike in price in BTC recently, do you gamble more or less during this time? I'm assuming people probably buy less and deposit, but what about the amount that's already in your account?
You can always withdraw the amount that's already in the wallet.If you trust the casino enough,just let your money be there since the price changes won't affect the amount anyway,you can simply bet with smaller bank rolls.However the price changes shouldn't bother you unless you're converting it into a fiat or liquidating through other online methods. Jump to: