How has past few months affected your gambling? - page 4.

Oilacris

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Quote from: robotrobert on February 28, 2018, 12:09:06 AM

Quote from: raven7886 on February 24, 2018, 01:07:18 AM

Quote from: robotrobert on February 12, 2018, 02:02:03 AM

Quote from: chris200x9 on February 06, 2018, 09:43:11 PM

Quote from: pcdgroup on February 06, 2018, 12:39:23 PM

70% my asset has gone.

Did you sell all your coins already?

If not, then this loss may be temporary one because once the market starts moving up then you can start recovering from this losses. If you want to recover back your losses faster then it is the best time to start buying some more coins to average down your price.

People who don’t sell or lose all their coins shouldn’t worry about their loss because this loss is a temporary loss and as you said that when the market of bitcoin will rise, he will easily recover all his loss in no time. The thing here about which one should be worried is that what will that person do next who has lost or sold out all his btc’s because he would not be having a chance on his side to stay in market and he would be having regrets when the process will rise again.

Yes, I wonder why anyone will be losing 70% of their asset in book and decide to turn it physical. As long as they are still there, the market will recover and then the 70% decrease can just turn to 500% increase within few months, so I really do not see any fuss about that.

As long as you did not borrow money from anyone, they are yours and you understood the volatility, then you are fine. However, with respect to how the market affected my gambling, I will say nothing has changed.

Yes you are right. The entire game of profit and loss in terms of virtual assets depends upon the technique to understand the volatility factor bound to the usage of Btcs or any other crypto asset. I think that a person should never decide to give up on his coins no matter whatever the prices are because if we remain patient then it obviously pays us off no matter how long the things would take to get settled in accordance to your personal choices.

Patience would always be the main issue or thing on here if we do easily give up into our coins then we would really lose something unlike for those people who can wait even on longer period of time will cherish the payback when prices tends to rise up again.When we do gamble only spend on the amounts that you can afford to risk without even worrying into its potential growth.

glowing10

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Quote from: Visualvery on February 27, 2018, 12:47:34 PM

Lately my position on some site gambling even a minus. Whereas a few months before, everything was in a profit condition.

Too much and continuous playing might end up in a minus only. It is dangerous and also chances of getting addiction increases if you play for months together or do not have a control from the gambling habits and in turn you will also stat losing more bets than before.

robotrobert

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Quote from: raven7886 on February 24, 2018, 01:07:18 AM

Quote from: robotrobert on February 12, 2018, 02:02:03 AM

Quote from: chris200x9 on February 06, 2018, 09:43:11 PM

Quote from: pcdgroup on February 06, 2018, 12:39:23 PM

70% my asset has gone.

Did you sell all your coins already?

If not, then this loss may be temporary one because once the market starts moving up then you can start recovering from this losses. If you want to recover back your losses faster then it is the best time to start buying some more coins to average down your price.

People who don’t sell or lose all their coins shouldn’t worry about their loss because this loss is a temporary loss and as you said that when the market of bitcoin will rise, he will easily recover all his loss in no time. The thing here about which one should be worried is that what will that person do next who has lost or sold out all his btc’s because he would not be having a chance on his side to stay in market and he would be having regrets when the process will rise again.

Yes, I wonder why anyone will be losing 70% of their asset in book and decide to turn it physical. As long as they are still there, the market will recover and then the 70% decrease can just turn to 500% increase within few months, so I really do not see any fuss about that.

As long as you did not borrow money from anyone, they are yours and you understood the volatility, then you are fine. However, with respect to how the market affected my gambling, I will say nothing has changed.

Yes you are right. The entire game of profit and loss in terms of virtual assets depends upon the technique to understand the volatility factor bound to the usage of Btcs or any other crypto asset. I think that a person should never decide to give up on his coins no matter whatever the prices are because if we remain patient then it obviously pays us off no matter how long the things would take to get settled in accordance to your personal choices.

LuanX3

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Quote from: BitcoinGirl.Club on February 27, 2018, 04:58:23 PM

Quote from: BTC Jon on February 04, 2018, 12:32:48 PM

As owner of a gambling guide - Bitcoin Gambling 101, I am curious as to how the crazy December and then January price changes affected your gambling wins/ losses?

With the crazy drop of bitcoin prices I no longer feel good waging more of my bitcoins because prices have dropped..
I really liked the play less for a higher value as I knew that getting to 0.1 BTC was a good profit for a day now is a different story, I have now concentrated more on investing and less on gambling.

Prices shouldn't affect your gambling, it is not the basis of you gambling anyway. This can be inferred from your statement that you base your profit in BTC. Though problem is you have that mindset that gambling is something profitable which is a fallacy. It is good though that you moved on to trading for profit as that is something a lot more promising if you intend to profit..

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

Quote from: BTC Jon on February 04, 2018, 12:32:48 PM

As owner of a gambling guide - Bitcoin Gambling 101, I am curious as to how the crazy December and then January price changes affected your gambling wins/ losses?

With the crazy drop of bitcoin prices I no longer feel good waging more of my bitcoins because prices have dropped..
I really liked the play less for a higher value as I knew that getting to 0.1 BTC was a good profit for a day now is a different story, I have now concentrated more on investing and less on gambling.

Gameroid

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Quote from: Visualvery on February 27, 2018, 12:47:34 PM

Lately my position on some site gambling even a minus. Whereas a few months before, everything was in a profit condition.

That is the nature of gambling games, and that is the reason that most of the expert gambler are advising again and again that we should withdraw from our account that we have won in gambling, because no one know what is going to happen in future, therefore we should make our position strong by saving the winning amount of money in gambling. But i think that most of the people continue to play even with the winning amount of money.

Visualvery

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Lately my position on some site gambling even a minus. Whereas a few months before, everything was in a profit condition.

poplolnman

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Quote from: megynacuna on February 26, 2018, 08:51:31 AM

I have always maintained a fiat equivalent of bitcoin for my gambling on sports and so nothing changed for me i just kept on gambling averagely 20$ a game until now that bitcoin seems to be growing again. It sure did change the number of bits or satoshis i played per game but my attention wasn't on that but the US Dollar equivalent.

That's reasonable for everyone to do that but believe me there's nothing to do with the Bitcoin volatile recently when you've got addicted, you'll keep making mistakes over and over again and lost it all and the amount itself depends on how the money you can afford to lose , nothing really changed/affected.

Karmakid

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recently I have started gambling again I have won in the first few deposits that I made I have won some bits,
And in the last deposit that I have made I gain some profit I manage to triple the money that I have sent then in the last game I got bored and angry with my wife so I bet it all in then I lost in that round,
Because of it I decide to quit in gambling again so far in this month I still have a profit.

katrimans

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Quote from: noormcs5 on February 25, 2018, 01:32:09 AM

Quote from: The_Dark_Knight on February 24, 2018, 09:28:17 PM

Quote from: crzy on February 12, 2018, 06:07:21 AM

Quote from: emberbekas on February 12, 2018, 02:59:47 AM

Quote from: BTC Jon on February 04, 2018, 12:32:48 PM

As owner of a gambling guide - Bitcoin Gambling 101, I am curious as to how the crazy December and then January price changes affected your gambling wins/ losses?

It affects the amount of each bet I make. If the price goes up significantly, I'll mostly lowered my bet amount and vice versa. Frankly, as a crypto gambler, we can benefit from such fluctuations. Double win is not a strange thing in crypto gambling.

But its too risky to do that because of too much volatility, gamblers are being affected by the current crypto correction. Though I stopped gambling with cryptocurrency months ago now I know it has a significant effect on every bet that you will made. You will loss a lot if you still continue doing that, better to go on casinos which is more safer than gambling online using crypto right now.

If you do not want to gamble with your coins then set a budget, convert part of your fiat every week to BTC and then gamble with it, when that amount runs out you do not gamble until next week or month depending on the amount you are willing to bet, this is a nice way to bet without having to sacrifice your long term holdings since that BTC was not going to be held for any amount of time anyway.

Actually, we should used too that bitcoin price dump and pump but last previous two months in December and January bitcoin really dump and it has given a lot of affect on our gambling win/lose but if we know our budget and use only few coins in every week then sure gambling not give us big lose.
In 2017 i did betting btc 0.1 in a week and when bitcoin was starting to dump then i did bet on 0.01 in a week.

The past few months had really a serious bad impact on the gamblers because it marks the dumping phase of bitcoins. The gamblers were not be able to mark the bet of their own choice due to two reasons and the one is that the coins to be bet were themselves available in the limited amount and those that were being used had really low prices.

Qartersa

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Quote from: ArnoldChippy on February 26, 2018, 08:02:57 AM

Quote from: bhadz on February 26, 2018, 07:24:55 AM

The past few months were rough for me that's why I've taken some rest and stayed away from different casino's for awhile. But while the price of bitcoin went down, when its about winning its good to gather more bitcoins by winning because of its current price. And when it goes up again that will be the good harvest for all of us who are holding.

Even in such harder time i found it difficult to stop playing gambling, Therefore i changed my strategy and lowered down my gambling limit, I usually change my fiat into bitcoin for playing gambling therefore i always estimate my gambling limit in fiat and then convert it into bitcoin for playing gambling.

Well, converting every so often would definitely take so much of my time and energy. While I must admit it is a good strategy to always be in control of the amount you are willing to shell out in gambling, it often times causes so much stress to the point that you are too enamored at winning and winning alone. It is not good, I must say, because you do not always win at gambling. There will be losses along the way therefore it is always best to be in control of your emotions more than anything else. This may just sound so normal for you but trust me, there are people who offered their lives to gambling; and, losing in it would mean the world to them.

megynacuna

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I have always maintained a fiat equivalent of bitcoin for my gambling on sports and so nothing changed for me i just kept on gambling averagely 20$ a game until now that bitcoin seems to be growing again. It sure did change the number of bits or satoshis i played per game but my attention wasn't on that but the US Dollar equivalent.

ArnoldChippy

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Quote from: bhadz on February 26, 2018, 07:24:55 AM

The past few months were rough for me that's why I've taken some rest and stayed away from different casino's for awhile. But while the price of bitcoin went down, when its about winning its good to gather more bitcoins by winning because of its current price. And when it goes up again that will be the good harvest for all of us who are holding.

Even in such harder time i found it difficult to stop playing gambling, Therefore i changed my strategy and lowered down my gambling limit, I usually change my fiat into bitcoin for playing gambling therefore i always estimate my gambling limit in fiat and then convert it into bitcoin for playing gambling.

bhadz

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The past few months were rough for me that's why I've taken some rest and stayed away from different casino's for awhile. But while the price of bitcoin went down, when its about winning its good to gather more bitcoins by winning because of its current price. And when it goes up again that will be the good harvest for all of us who are holding.

n0ne

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Gambling is all about the fun and acceptance of win and loss. Last week gambling didn't gave me big or loss. Almost it went with a small loss, because participated into three different events. In this won a single event and lost two events.

Kiweikoo

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Quote from: emberbekas on February 12, 2018, 02:59:47 AM

Quote from: BTC Jon on February 04, 2018, 12:32:48 PM

As owner of a gambling guide - Bitcoin Gambling 101, I am curious as to how the crazy December and then January price changes affected your gambling wins/ losses?

It affects the amount of each bet I make. If the price goes up significantly, I'll mostly lowered my bet amount and vice versa. Frankly, as a crypto gambler, we can benefit from such fluctuations. Double win is not a strange thing in crypto gambling.

Yeah, some good benefit. At least with the way the market is, you can even try to fund your bankroll with the present low price and see how that can pretty much go for you within some days.

It is still gambling anyway, either way, increasing bet or not, I do not see how that changes anything since I would have done that anytime any day depending on my mood. And at the end of it all, I still would not gamble with what I cannot afford to lose.

crwth

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Quote from: Caladonian on February 25, 2018, 09:36:55 PM

Quote from: pixie85 on February 25, 2018, 05:45:31 PM

Quote from: Pleione527 on February 25, 2018, 05:28:16 PM

I was actually forced to stop gambling when the value of bitcoin drops since I can't afford to lose big numbers of bitcoin, I am afraid that if I will continue gambling the value of loses I will have bitcoin started to pump again will become very expensive. Sometimes I rather go to faucets just to play some sort of dice game if I am bored. I think it's been a couple of months since I last visit my account in nitrogen sports.

And what about those people who were gambling at lower prices? If we all were thinking that when the price drops it's not worth to gamble nobody would ever gamble. Price went up? It's too expensive to gamble because i'm losing too much fiat with every roll!
Price went down? It's too expensive too gamble because i'm losing too many coins to reach the same value than a week ago! Cheesy

It's stupid!

Good example, but inside gamblers mind they won't bother to think of that when playing gambling, I have a friend who also bets with sports gambling and I always here him saying same thing like that, when bitcoin value is high he keeps saying that its too expensive while when the value fell
then he will think that the value will fell deeper, personally for now, I just bet according to the value of fiat so no matter how high or low btc was, I'm assured that I won't change the fact that I will only gamble to add some fun and not to take much bigger amount to risk.

as long as there is a possible profit people tend to gamble more and try to risk more if they are aggressive especially when they are showing signs of that. That's good that you wouldn't take take too much risk because in gambling there is no mercy with that. But when trading you could do a lot more but slowly but surely in my opinion.

Caladonian

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Quote from: pixie85 on February 25, 2018, 05:45:31 PM

Quote from: Pleione527 on February 25, 2018, 05:28:16 PM

I was actually forced to stop gambling when the value of bitcoin drops since I can't afford to lose big numbers of bitcoin, I am afraid that if I will continue gambling the value of loses I will have bitcoin started to pump again will become very expensive. Sometimes I rather go to faucets just to play some sort of dice game if I am bored. I think it's been a couple of months since I last visit my account in nitrogen sports.

And what about those people who were gambling at lower prices? If we all were thinking that when the price drops it's not worth to gamble nobody would ever gamble. Price went up? It's too expensive to gamble because i'm losing too much fiat with every roll!
Price went down? It's too expensive too gamble because i'm losing too many coins to reach the same value than a week ago! Cheesy

It's stupid!

Good example, but inside gamblers mind they won't bother to think of that when playing gambling, I have a friend who also bets with sports gambling and I always here him saying same thing like that, when bitcoin value is high he keeps saying that its too expensive while when the value fell
then he will think that the value will fell deeper, personally for now, I just bet according to the value of fiat so no matter how high or low btc was, I'm assured that I won't change the fact that I will only gamble to add some fun and not to take much bigger amount to risk.

goaldigger

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It doesnt affect how lucky i am on my wins and losses but it affects how frequent i am on gambling network. More profit means money to risk and more rounds of gamble. How can i risk my money if i do not have one. Others want to gamble when the price drops down to recover their loss on BTC, however , there also people like me who wants to play safe and do not want to drop more money.

pixie85

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Quote from: Pleione527 on February 25, 2018, 05:28:16 PM

I was actually forced to stop gambling when the value of bitcoin drops since I can't afford to lose big numbers of bitcoin, I am afraid that if I will continue gambling the value of loses I will have bitcoin started to pump again will become very expensive. Sometimes I rather go to faucets just to play some sort of dice game if I am bored. I think it's been a couple of months since I last visit my account in nitrogen sports.

And what about those people who were gambling at lower prices? If we all were thinking that when the price drops it's not worth to gamble nobody would ever gamble. Price went up? It's too expensive to gamble because i'm losing too much fiat with every roll!
Price went down? It's too expensive too gamble because i'm losing too many coins to reach the same value than a week ago! Cheesy

It's stupid!

Topic: How has past few months affected your gambling? - page 4. (Read 891 times)