How has past few months affected your gambling? - page 7.

gabmen

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Quote from: ArnoldChippy on February 09, 2018, 05:20:09 PM

Quote from: livingfree on February 09, 2018, 03:06:56 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?

When the prices are high, I can gamble with few bits and I'm confident to gamble with few mBTC's because the price of bitcoin is really high. But now that the price has moved downwards I can't get to what it used to be. I'm diverting now into altcoins when I gamble as I can't take the low price of bitcoin and I feel regret when gambling it although the fees are greatly low.

Yes and when bitcoin price start dumping we use some more bitcoin to play with, which really effect our gambling but at that time i reduce the my gambling limit a little more and through this way i just tried my best to prevent myself from a big lost. It is expected that very soon bitcoin price will recover its position and once again we will start playing gambling with a big amount of money.

Does it even matter when you gamble with btc? I mean you're gambling with the same number of satoshis whether btc rises or dumps. And the value doesn't even come into play until you withdraw your earnings.

Thanasis

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People are started to use alternative crypto currencies for gambling because the high transaction fee for the past few months but now the condition is getting normal and the fee getting cheaper.
But the price of bitcoin almost dropped 60% since January so it may affect the people who won the bets because they actually lose their winning amount by 60% due to the price fall.

dylanc

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Due to the price drop, definitely gambling less than those months. But then can also switch to usd or other currency. If not, will just play casino games for fun, without placing money bets.

ArnoldChippy

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Quote from: livingfree on February 09, 2018, 03:06:56 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?

When the prices are high, I can gamble with few bits and I'm confident to gamble with few mBTC's because the price of bitcoin is really high. But now that the price has moved downwards I can't get to what it used to be. I'm diverting now into altcoins when I gamble as I can't take the low price of bitcoin and I feel regret when gambling it although the fees are greatly low.

Yes and when bitcoin price start dumping we use some more bitcoin to play with, which really effect our gambling but at that time i reduce the my gambling limit a little more and through this way i just tried my best to prevent myself from a big lost. It is expected that very soon bitcoin price will recover its position and once again we will start playing gambling with a big amount of money.

livingfree

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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?

When the prices are high, I can gamble with few bits and I'm confident to gamble with few mBTC's because the price of bitcoin is really high. But now that the price has moved downwards I can't get to what it used to be. I'm diverting now into altcoins when I gamble as I can't take the low price of bitcoin and I feel regret when gambling it although the fees are greatly low.

bncbnc

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Quote from: serjent05 on February 08, 2018, 03:01:17 PM

The price fluctuation does not affect my gambling activities. I do not know but I just looked at BTC as BTC and not even thinking the equivalent convertion of it to dollar. For me i believe they are the same. If I lost 1 BTC at a price of 20k USD or 1 BTC at a price of 4k USD does not make a difference. For me as I said they are still BTC and I play at my BTC budget of 0.05BTC to 0.1 BTC per month.

Yes i am also not effected. In fact i always adjust my gambling limit with the increasing or decreasing. Although i am holding bitcoin for a long time and the decreasing price of bitcoin really effect my assets, but still i am holding bitcoin and not going to sell it, because i am sure that bitcoin price will recover very soon and will also recover my lost.

serjent05

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The price fluctuation does not affect my gambling activities. I do not know but I just looked at BTC as BTC and not even thinking the equivalent convertion of it to dollar. For me i believe they are the same. If I lost 1 BTC at a price of 20k USD or 1 BTC at a price of 4k USD does not make a difference. For me as I said they are still BTC and I play at my BTC budget of 0.05BTC to 0.1 BTC per month.

piloder

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I have actually limited my gambling activity in current red market. My total portfolio is down by over 50% so basically gambling what I have left is not worth. I don't want to gamble what I have remaining and I am quite sure market will go up when all bad rumors will be over and my portfolio value will sky rocket.

katrimans

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Quote from: Caladonian on February 05, 2018, 01:00:57 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?

This certain movements from the value of bitcoin affects those gamblers who really enjoyed playing inside crypto houses, they use bitcoin channels to easily deal with their activities, for sure they are not happy as the value really fell continuously those who have funds inside the house will be forced to
hold and keep on playing instead of exchange it to fiat, personally I'm not playing that much anymore so I can say that I'm not affected I just enjoying
the service of easy betting online.

Though I am not a gambler but it really hurts me to see others using crypto currencies specially Bitcoin for placing bets because I believe it is just wastage rather unrequired sacrifice of one's money. It is supported by me live your life the way you want to and do those things that make you happy but taking such risk is not appreciated. Why wasting your hard earned money while that same Bitcoin can make you rich in future?

BlockEye

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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.

We will only consider ourselves lose in this days when we sell it at low price, if we didn't believe enough that BTC can still arise again, We can see graphs that btc increases after it's dump that's how the cycle goes, It will be good if that all those Fudders and who did panic selling were all do it, so next thig will only see soon is a nearly stable graph.

St4yInTh3D4rk

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The value of bitcoin is crashed too much since January,so it hardly affected the winners of the gambling because they actually lost the value of bitcoin when calculate in terms of USD.But I am not a full time gambler so it doesn't affect me that much because I invest only very little amount for the gambling purpose.

BillCoin

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For people who holds bitcoin and also gamble in bitcoin I guess it was a tough week.
Most of the people who gambles with bitcoin usually convert it at the point of winning a bet, which means that they are not really affected by price changes.
Those who also holds bitcoin, the decrease of bitcoin price probably made them to gamble more, because psychological, when someone loses a bet he will always try to recover it, and the decrease in bitcoin price could have made him to lose more then he planned.

chris200x9

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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.

JanpriX

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The frequency of my bets that I made this year is way lesser than the ones that I made from 2017 especially when BTC is in its ATH. As you may have guessed, this is due to the price crash of it and other altcoins in the past days. I obliged myself to avoid gambling at all cost in this times of uncertainty. I don't want to lose my BTC in betting alongside its crashing price. This is just my way of handling situations like what we have right now. I'm sure that others are not affected at all and didn't change their gambling habits.

tabas

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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?

Isn't this thread is just like this one? Does crypto market decline affect your gambling?

di.ako.toh

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This past few months, has been a very shaky feeling in part of BTC, due to unstabilized position of coins in the market. I think it was favor to people who loves gambling somehow, because only small value of coins do they bet in gambling, so whenever they got lose or win it is much fine.

Indrawan77

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I will say the price affected my gambling activity, because I always calculate my bet in fiat, so when the price go down I can bet more, and when the price keep on declining, it gives me more courage to bet more, it's like if I lose then it's okay, the price is going down again tomorrow so I dont feel too hurt losing the money

NorrisK

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I didn't affect my gambling at all.. I always bet based on the bitcoin or altcoin amount, not the USD value of the bet.

In addition, those bets are based on my total bankroll as I only ever bet a maximum of 2% of my bankroll to ensure I don't go bust.

bering

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the price only effected for the traders but not for the gamblers although the price low or the price will very high but the gamblers still regularly gamble without worried about the price and usually if i'm not mistaken they were gamble with random amount and as long as they have bitcoin and want to starting gamble then they will gamble without thinking too much for the price movement

pcdgroup

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70% my asset has gone.

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