How did today bullish trend affect gambling! - page 6.

Sanitough

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Quote from: boyptc on April 07, 2019, 02:22:01 PM

Quote from: BRE on April 07, 2019, 01:47:05 PM

It don't affect to much, its not a big boom like when it goes +16k

There's still a difference with that gain though it's not that much but $4,000 before and now has $1,000 gain.

If you love to hold your bitcoin in your gambling sites wallet then you will get that benefit.
However, I believe most gamblers will not do that, we use bitcoin as a payment method and we withdraw right away.
Most of us also are small time gamblers, we don't bet much so with an increase of 10 to 20%, still would not affect much.

boyptc

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Quote from: BRE on April 07, 2019, 01:47:05 PM

It don't affect to much, its not a big boom like when it goes +16k

There's still a difference with that gain though it's not that much but $4,000 before and now has $1,000 gain.

BRE

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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 don't affect to much, its not a big boom like when it goes +16k

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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?

The prices are not going to affect the gambling platforms because for them 1 bitcoin is equals to one bitcoin and even im the lomg bearish trend there is no downfall in the gambling activities.

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Quote from: DeathAngel on April 02, 2019, 03:00:51 PM

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?

People are obviously going to adjust their stakes. The amounts in bitcoin that people are gambling with will be less, presumably.

Usually yes. When prices rise significantly, some people will tend to reduce their bet amount and vice versa. But because today's spark isn't too big yet, I just did a little reduction. It's natural that we will always see prices on the market before we gamble it at the casinos. We definitely don't want to risk the amount of money that is more than what we usually do.

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Quote from: Capt00 on April 03, 2019, 09:20:05 AM

I guess it depends on which gambling site you are referring for, just for example gambling site doesn't use bitcoin/sats to roll the dice if what kind of gambling feature is that. But if you used sats to gamble of course the quantity is still the same and I think it doesn't have an effect even we're on bullish trend. For example, bustadice and windice gambling sites are different in using coins to bet and roll.

I think that if you are talking about gambling with cryptocurrency which is wide spread across the US particularly Las Vegas, you know that a rise in the market value of crypto could both rise as well as reduce the number of costumers in the casinos. People who normally gamble with Bitcoin might hodl them due to the rising trend. Those who are experienced would love to keep the coins on the line to win more. So, there is both positive as well as negative effect.

When we once decide to risk our coins with gambling then I guess it will not be a good practice to worry about the worth of those coins. We must ignore the values and should focus on enjoying the games because for that purpose alone that we are having these gambling things.

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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?

Bitcoin price not too much high it is difference $1000. It can't affect on gambling if we play with bitcoin. If bitcoin price cross more than it then definitely bitcoin give affect on gambling. But gamblers have other options, it is not necessary that we use only bitcoin, we could use other coins, so gambling will carry on.

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Quote from: gilangIDR on April 04, 2019, 10:18:41 PM

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?

The trend of rising Bitcoin prices will definitely affect all components related to Bitcoin such as gambling. With price increases, the volume of Bitcoin transactions will definitely be much bigger, gambling players who have Bitcoin will definitely experience pleasure and they will be excited in playing gambling. But for a gambler who has FIAT and does not have Bitcoin reserves, they will think and limit the amount of money used.

If i only hold fiat, maybe i will think twice before use all my money. Maybe wait for bitcoin to stable again and do gambling. Because for me gambling is something that not most important thing to me to look some fun.

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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?

The trend of rising Bitcoin prices will definitely affect all components related to Bitcoin such as gambling. With price increases, the volume of Bitcoin transactions will definitely be much bigger, gambling players who have Bitcoin will definitely experience pleasure and they will be excited in playing gambling. But for a gambler who has FIAT and does not have Bitcoin reserves, they will think and limit the amount of money used.

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maybe a decrease in the bet number, because the exchange rate rises. maybe the estimation is still the same, but it affects electability in bets because the betting numbers dropped dramatically.

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I find people tend to bet less amounts per wagering whatever game they are playing when bitcoin price rises like it did 24 hours ago all the way up to $5350. But then as soon as it dropped back down to where it was before the little run they go back to what they were betting with as nothing happened.
It does affect how much you spend at the casinos no doubt about it.

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Quote from: TopTort777 on April 02, 2019, 02:49:51 PM

I think due to todays growth, gambling sites will decrease the maximum amount win in games. For example stake.com has limit in 10 btc in dice game (if I’m not mistaken). It is 41k$ or 47k$ for the maximum win. Huge gap between this two.

As far as I know, the maximum winning limit are set based on a percentage of the total bankroll so that users can not empty out the whole bankroll with just one bet. This also helps the bankroll to stay in game and recover the losses by forcing people to play more.
The limit as nothing to do with the price of bitcoin since the prices are extremely volatile and this might cause the casino to keep on changing the limits.

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Quote from: mich on April 04, 2019, 05:43:25 PM

The recently BITCOIN bull rush was nice for our accounts but I wanted to place a wager and my sportsbook did not accept the confirmations.
Next time I will need to give myself more time because the network fees are much too high to send coins at the moment.

Haha because of high number transaction happening over blockchain network!

Many experts still confused and thinking what is the reason the sudden bump in cryoto market in price and circulation aspects. Still they didn't reach the conclusion.
May be if you increase the fees you may find it get confirmed soon.

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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?

The best decision is to lower your stake, though you can still maintain your winning profit in my opinion this is because, if you leave your stake the same way it was when price was around $3700 or there about then you have increase your chances of loosing more despite the fact that you can gain more if it went in your favor.

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The recently BITCOIN bull rush was nice for our accounts but I wanted to place a wager and my sportsbook did not accept the confirmations.
Next time I will need to give myself more time because the network fees are much too high to send coins at the moment.

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Quote from: pinoycash on April 04, 2019, 03:29:28 PM

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?

Deposited BTC at $4200 and then cashout that BTC at $5000 Cheesy

easiest 15% win.

When BTC reach $5.1k i was tempted to withdraw my balance.

now that they back in $4,800 level its time to play and burn again.

I wouldn't use my Bitcoin to bet on gambling it is better to use fiat than BTC because no matter what the price of Bitcoin fiat will always be the same if i win. Hodling and waiting need a lot of time and patience but luckily Bitcoin pumped up to $5k and you withdrew is fast before it goes down again.

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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?

Deposited BTC at $4200 and then cashout that BTC at $5000 Cheesy

easiest 15% win.

When BTC reach $5.1k i was tempted to withdraw my balance.

now that they back in $4,800 level its time to play and burn again.

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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 will be a huge problem for the investors but the gambling field will always available to invest and get huge income if he had a success at that day so I think there is no big negative will available from this situation about the price drop.

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I don't think it will have a big impact on gambling because the existing system can adjust to the current market conditions with a number of betting values and adjust the winnings from the start, everything depends on the platform you mean because all have their own concepts to spoil every player maybe everyone now trying to save all the Bitcoin they have and hope that a big increase will happen quickly, because everyone doesn't want to throw BTC easily after the price starts pumping, but returning again won't affect gambling too much.

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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 it will affect positively because when the price of some good cryptocurrency was reducing people will think to invest about gambling so I think it will be more helpful for the development of gambling and also betting with some good investment.

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