How did today bullish trend affect gambling!

Whosdaddy

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Quote from: XinXan on May 23, 2019, 05:00:39 AM

My friend also has a casino and the volume is significantly higher, some days he said even x5 or x10 higher than before, also a lot more whales are betting, told me.

Your friend would be making so much money by now LOL it’s a good time for casino site since they make 100 people lose and end up having just one winner. So many people are just betting with their coins this period and they feel it’s a good thing but I pity all those who would lose their hard earned BTC.

I have learnt from experience, it’s better to hold onto my BTC than to do anything am not sure of just because I want an increase, I tried that before and it failed me. The reason most people are gambling more with their Bitcoin in this bull run is for increase. I don’t blame them anyway, it’s not easy to get BTC and I know once there is an opportunity like this, people tend to take advantage of it.

onrise

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Quote from: bonker on May 20, 2019, 03:35:55 PM

The people who wanted to gamble is always trying to gambling so the investment will not make any person to be the different mindset who are in all the situation will definitely trying to do gambling so it will not affect your so much will the bullish market is also happening.

If people are using coins to gamble then yes most likely they will stop using it as chances of losing those coins will be high and also means that they will not be able to make the money making which will happen during this bull run. So better to switch to the fiat which devalues over the period of time unlikely the crypto currency.

XinXan

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My friend also has a casino and the volume is significantly higher, some days he said even x5 or x10 higher than before, also a lot more whales are betting, told me.

neonshium

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Quote from: Idrisu on April 02, 2019, 02:26:08 PM

Bitcoin went as higher as $4909 today on some exchanges platforms! It is the highest this year and will like to find out how does today sparked affect gambling and betting?

I think you should be talking about the money you have in your private wallet and not about gambling, because bull run does not affect gambling in anyway, it doesn't give you the big wins or whatever it is you think it does. If you place a bet and bull run occurs you're still going to get what you have placed. For example - placing a bet of 1 Satoshi to get 2 Satoshis and bull run takes place, it doesn't mean you're going to get 10 instead of the 2 Satoshis you're supposed to, you're still going to get what you are meant to get, except that the worth of those Satoshis will be high, but if your bet was in dollars, then nothing changes.

CASTIEL05

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Quote from: Idrisu on April 02, 2019, 02:26:08 PM

Bitcoin went as higher as $4909 today on some exchanges platforms! It is the highest this year and will like to find out how does today sparked affect gambling and betting?

It may affect the gambling and betting price since we are talking about bitcoin surge. Eventually, the fees may go up or the prices may go down due to the recent status of the market. Bitcoin is the main currency used in online casino and if it goes up then expect other changes when it comes to the fee or prices of it. Hopefully, bullish trend will cover this entire year so that, I can join in gambling sites.

upsidedown75

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Quote from: michellee on May 20, 2019, 01:42:40 AM

Quote from: pinoycash on May 19, 2019, 02:31:20 AM

Quote from: JohnBitCo on May 19, 2019, 12:20:17 AM

Bullish behavior of btc can increase or decrease the turnover in gambling. Many people will hold on to their btc to get benefit from increasing bitcoin prices ad others will still invest in gambling, to further increase their btc. If you ask me the best time for the gamblers is when the btc is stable, as I do not think gamblers like the volatile prices of bitcoin.

It will really affect one way or another, But majority of crypto gamblers treat 1 sat = 1 sat and not as USD value. So Crypto Casino platform profits and players will not be affected when bull run comes. In fact this will increase their userbase and active gamblers that wanting to multiply their Coins.

That could be true, but that will depend on the gambler itself because I think some players don't want to use bitcoin as the bet. They see the bitcoin price now was an increase, and they want to sell their bitcoin for making the profit. But the other gamblers will be happy if they use bitcoin for the bets because they don't have to use a lot of bitcoin to play gambling because use a small bit will give them a time to play gambling for a long time.

I think so many gamblers are really gambling with their Bitcoin this period because they feel it is a great time to have double of it considering the bullish trend, it can be so temping but I would rather be sure of keeping what I have than to risk it this period. My friends are all gambling with their Bitcoin and it really seems to be paying off but I personally cannot take this risk.

I feel it is even best to bet with BTC when there is stability in Bitcoin, it might look like there is bullish trend this period, but that does not stop volatility. Even the period there was a little bit of stability in the market I was only gambling with Dogecoin since I cannot afford to lose the Few BTC I have worked so hard to save.

Viscore

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Quote from: Pffrt on May 21, 2019, 01:42:23 AM

When bullrun comes, people look for way to earn btc and as a result they come into the ground of gambling. I guess it really increase the gambling activity.

This is somehow true, people will come here to invest but since gambling is popular here, they will discover gambling and will probably play.
Lots of gamblers in this world that has no idea with crypto gambling, their willingness to invest will drive them to the crypto gambling industry.

Kiweikoo

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Quote from: Ucy on May 19, 2019, 01:23:10 PM

Quote from: FlightyPouch on May 18, 2019, 10:58:03 AM

Quote from: Idrisu on April 02, 2019, 02:26:08 PM

Bitcoin went as higher as $4909 today on some exchanges platforms! It is the highest this year and will like to find out how does today sparked affect gambling and betting?

This post is still last month but we can now say it did happen but at a higher price. For me nothing changed here, gamblers will stay at gambling and use their crypto currencies or their fiats, whatever they prefer. The only thing that changes here is the price of BTC which I think is better since they can bet higher than normal but with a normal amount if you know what I mean.

I think gambling owners will probably be forced to adjust their prices if the price of bitcoin continues to go higher. There is nothing extraordinary about this. Who will be willing to make a simple bet for $100 in crypto when they can do that for just $5 on non-crypto gambling websites?

In case you are using your Bitcoin to bet or gamble, the value of a fraction of Bitcoin right now would be more than what it had been yesterday upon a rise in the market value. And in addition, it is generally a bit tough to buy more Bitcoin with your cash than to put some of your coins on the line and win some more coins. The cash stays and more coins are added.

guoyu78

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Quote from: Micerker on May 20, 2019, 12:35:40 AM

When the price of Bitcoin increases, it will make all gamblers increase greed to earn lots of Bitcoin and become more affluent. Bitcoin was positively impacting Gambling when demand experienced, and the number of participating users is rising. We should be happy when Bitcoin is increasing sharply in the past few days.

Not all gamblers are greedy and the increase in Bitcoin will not affect the personality of a gambler who has a stated physiology about gambling. I appreciate the bullish trend in gambling and I can categorically state the positive effect but then it has nothing to do with been greedy. I am personally very happy about the increase in Bitcoin, so much increase in my bankroll, hunger to gamble more but then I have not been a bit greedy in playing.

Those who are greedy gamblers will always be, with our without the increase in Bitcoin, maybe you should correct the word greed and change it to urge. Yes there is an increase in gambling urge but it is not the same as greedy.

Pffrt

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When bullrun comes, people look for way to earn btc and as a result they come into the ground of gambling. I guess it really increase the gambling activity.

Gaff

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Quote from: Distinctin on May 20, 2019, 02:55:51 AM

Quote from: Micerker on May 20, 2019, 12:35:40 AM

When the price of Bitcoin increases, it will make all gamblers increase greed to earn lots of Bitcoin and become more affluent. Bitcoin was positively impacting Gambling when demand experienced, and the number of participating users is rising. We should be happy when Bitcoin is increasing sharply in the past few days.

That greed would not help them, operators wants people to be greedy so they will gambler more and they earn more.
Our chance to win is lesser if we are greedy as it's not anymore our strategy that will play, but more on our emotion, which is not the way to approach gambling.

Probably greed people will have that mindset, but I don't expect that generally on other gamblers. Every person their own ways of thinking, and if they learned how to control their emotions on managing their gambling activities I think being greed can be suppressed. Of course bullish price really bring more profit to those gambling winners, but having small assurance of winning; frustrations and greediness will battle each other.

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Quote from: uneng on May 19, 2019, 05:51:51 PM

Not 4909 dollars anymore, now it's 8063 dollars. I think the effects of a intense pump are very diversified. Some gamblers will just adjust their bets down, to not spend much money fast, others will stop gambling until the market finds a balance point, there are those who change to stable altcoins temporarily and I believe there are even gamblers who will increase their bets, to try earning btc fast now to cashout during the pump peak.

It change the price since OP posted this 1 month ago when the price is at $4,909 but the market goes up and we think that we are already in bull run.
This will bring more benefits to any gambling sites since there will be more player will come to them and put huge money in gambling. It is quite to see that more bets coming from new users. This will justify market balance, the higher price, the more bets to come.

Oceat

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Quote from: Distinctin on May 20, 2019, 02:55:51 AM

Quote from: Micerker on May 20, 2019, 12:35:40 AM

When the price of Bitcoin increases, it will make all gamblers increase greed to earn lots of Bitcoin and become more affluent. Bitcoin was positively impacting Gambling when demand experienced, and the number of participating users is rising. We should be happy when Bitcoin is increasing sharply in the past few days.

That greed would not help them, operators wants people to be greedy so they will gambler more and they earn more.
Our chance to win is lesser if we are greedy as it's not anymore our strategy that will play, but more on our emotion, which is not the way to approach gambling.

Gambling whether the market is in bullish or bearish it is still the same as long the price is fixed already in USD.
Being greedy doesn't get you that far it will lead you to another way that you aren't supposed to be. So stop being controlled by your emotion it won't help you in times of crisis. Professional gamblers know their limit and they would really stop if the odds are against them.

bonker

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The people who wanted to gamble is always trying to gambling so the investment will not make any person to be the different mindset who are in all the situation will definitely trying to do gambling so it will not affect your so much will the bullish market is also happening.

Netnox

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Quote from: uneng on May 19, 2019, 05:51:51 PM

Not 4909 dollars anymore, now it's 8063 dollars. I think the effects of a intense pump are very diversified. Some gamblers will just adjust their bets down, to not spend much money fast, others will stop gambling until the market finds a balance point, there are those who change to stable altcoins temporarily and I believe there are even gamblers who will increase their bets, to try earning btc fast now to cashout during the pump peak.

There will also be a bunch of gamblers, who after finding that the value of their coins have increased, would go for additional amounts. For example, someone was planning to gamble for BTC0.10 ($320 in March) earlier. Now the worth of those coins have increased to $800, and he may decide to gamble away the entire amount. You will be able to find such people here itself.

Distinctin

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Quote from: Micerker on May 20, 2019, 12:35:40 AM

When the price of Bitcoin increases, it will make all gamblers increase greed to earn lots of Bitcoin and become more affluent. Bitcoin was positively impacting Gambling when demand experienced, and the number of participating users is rising. We should be happy when Bitcoin is increasing sharply in the past few days.

That greed would not help them, operators wants people to be greedy so they will gambler more and they earn more.
Our chance to win is lesser if we are greedy as it's not anymore our strategy that will play, but more on our emotion, which is not the way to approach gambling.

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Quote from: michellee on May 20, 2019, 01:42:40 AM

Quote from: pinoycash on May 19, 2019, 02:31:20 AM

Quote from: JohnBitCo on May 19, 2019, 12:20:17 AM

Bullish behavior of btc can increase or decrease the turnover in gambling. Many people will hold on to their btc to get benefit from increasing bitcoin prices ad others will still invest in gambling, to further increase their btc. If you ask me the best time for the gamblers is when the btc is stable, as I do not think gamblers like the volatile prices of bitcoin.

It will really affect one way or another, But majority of crypto gamblers treat 1 sat = 1 sat and not as USD value. So Crypto Casino platform profits and players will not be affected when bull run comes. In fact this will increase their userbase and active gamblers that wanting to multiply their Coins.

That could be true, but that will depend on the gambler itself because I think some players don't want to use bitcoin as the bet. They see the bitcoin price now was an increase, and they want to sell their bitcoin for making the profit. But the other gamblers will be happy if they use bitcoin for the bets because they don't have to use a lot of bitcoin to play gambling because use a small bit will give them a time to play gambling for a long time.

I agree. Crypto.gamblers see their bets through satoshis and not usd so it's irrelevant for most if the value of btc rises or falls. And i think it makes sense. They're there to gamble not to trade btc. Of course there will be those who will consider the dollar equivalent but they're likely not among those who gamble simply for the sake of gambling. People who aim profit more than having simple fun.

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Quote from: pinoycash on May 19, 2019, 02:31:20 AM

Quote from: JohnBitCo on May 19, 2019, 12:20:17 AM

Bullish behavior of btc can increase or decrease the turnover in gambling. Many people will hold on to their btc to get benefit from increasing bitcoin prices ad others will still invest in gambling, to further increase their btc. If you ask me the best time for the gamblers is when the btc is stable, as I do not think gamblers like the volatile prices of bitcoin.

It will really affect one way or another, But majority of crypto gamblers treat 1 sat = 1 sat and not as USD value. So Crypto Casino platform profits and players will not be affected when bull run comes. In fact this will increase their userbase and active gamblers that wanting to multiply their Coins.

That could be true, but that will depend on the gambler itself because I think some players don't want to use bitcoin as the bet. They see the bitcoin price now was an increase, and they want to sell their bitcoin for making the profit. But the other gamblers will be happy if they use bitcoin for the bets because they don't have to use a lot of bitcoin to play gambling because use a small bit will give them a time to play gambling for a long time.

Micerker

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When the price of Bitcoin increases, it will make all gamblers increase greed to earn lots of Bitcoin and become more affluent. Bitcoin was positively impacting Gambling when demand experienced, and the number of participating users is rising. We should be happy when Bitcoin is increasing sharply in the past few days.

MFahad

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Quote from: uneng on May 19, 2019, 05:51:51 PM

Not 4909 dollars anymore, now it's 8063 dollars. I think the effects of a intense pump are very diversified. Some gamblers will just adjust their bets down, to not spend much money fast, others will stop gambling until the market finds a balance point, there are those who change to stable altcoins temporarily and I believe there are even gamblers who will increase their bets, to try earning btc fast now to cashout during the pump peak.

No doubt, Bitcoin has come more than $4909, almost it has been double. It is true, if gamblers play with bitcoin, the reason they want to increase their bitcoin's number from winning in gambling, before bitcoin come in the peak price. But it is luck may be they can lose their bitcoin in this greedy.

Topic: How did today bullish trend affect gambling! (Read 1131 times)