Talking from the gambler point of view, months ago the prices affected by decreasing the BTC bet size (as the price were more expensive before), and now increasing again the BTC bet size (as the price is falling hard). The loss/profit, considering in fiat rates, didn't change anything, as the bets made by gamblers follow the Dollar price. At least it doesn't change anything on short term, but when BTC price increase again, gamblers will check their historic and see those past BTC losses and think: Wow, I can't believe I have lost so much money on that time...
From the investor and casino point of view, now things are better than before, as gamblers are playing higher, increasing bets sizes, consequently generating more profit for the house and its partners. On short term it's not possible to feel any difference in profit terms, but when BTC price increases, it will make all the difference!
Topic: How has past few months affected your gambling? - page 8. (Read 891 times)
Bitcoin price does not really affect my gambling activity as I have my own limit in my fiat currency. So no matter how high or how low the bitcoin price, my limit stays the same. The only problem was only when transaction fee was so expensive but there are always an alternative to gamble with altcoins.
Before I use to gamble using only small capital but when the value of bitcoin pump last December my capital appreciate and I get more chance to gamble. This year bitcoin price drops the amount of capital I use is the same as last year so when the value drops so bad my capital also decrease as is I already experience loss in gambling.
That's just part of the strategy how you can grow your bitcoin as sooner or later it would heading into a hard time to collect bitcoin in the future where the price could bounce back. Take this golden opportunity or you might feel regret it later, just don't go allin and expect nothing for your long term gambling . Win big and walk away to wait bitcoin price to the moon.
Of course it didn't affect my winning/losing at all, but i gambled way less bitcoins than when their price was smaller, but i still gambled using same USD amount. I think it's same with everyone else, maybe some gamblers didn't play these weeks at all due to huge bitcoins, and their transaction fee, prices.
There might be some differences on btc value but still people would really play on usd amount on major cases i believe. On my side it doesnt really affect on how prices go with bitcoin since im just playing anytime with usd value no matter what would be the amounts of bitcoin can be spend as long i do already know the limits.The price of bitcoin and the ever increasing transaction fees was a real pain and i completely stopped going to bitcoin based gambling sites solely because of the ever increasing price and the transaction delay and went back to fiat based sites,hopefully with the price settling down,the transaction charges will be reduced and with the segwit activation,things will be fine .
Currently due to btc prices so low people would like to try their luck by winning some btc so that they can compensate the loses which they have incurred during this fall. Also now with the segwit things are getting faster than before and also the network fees are dropping.
I don’t know if it was only me but during transition of December to January, the finances that I had has lessen, same with the value of bitcoin which has decreased as January comes in. In effect, expenses and risks such as what gambling has is being controlled. Setting a tighter limitations is needed to make sure that it won’t get to a point where a large amount of debt will be incurred.
The price of bitcoin and the ever increasing transaction fees was a real pain and i completely stopped going to bitcoin based gambling sites solely because of the ever increasing price and the transaction delay and went back to fiat based sites,hopefully with the price settling down,the transaction charges will be reduced and with the segwit activation,things will be fine .
Actually for those who are earning bitcoin from gambling by this time are surely happy because the number of bitcoin use to bet will have a lower equivalent in fist and when they win they can hold their coins and wait till the price pump and so they will have additional income from holding. Those who made bitcoin thru faucets are also claiming bigger value than before.
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?
In December with bitcoin was in its peak, I stopped playing in online games and decided to play on a traditional land based casinos. The price is too high that time and the confirmations are very slow and its hard to control yourself putting a bet because you know that bitcoin is somewhat expensive.
But since its plummeted, I haven't try but let see. I might deposit a few bitcoin and try my luck because I've been on a roll since playing in the land based casino specially this February.
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?
In December with bitcoin was in its peak, I stopped playing in online games and decided to play on a traditional land based casinos. The price is too high that time and the confirmations are very slow and its hard to control yourself putting a bet because you know that bitcoin is somewhat expensive.
But since its plummeted, I haven't try but let see. I might deposit a few bitcoin and try my luck because I've been on a roll since playing in the land based casino specially this February.
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 tohold 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.
the price shouldn't matter that much cause it always fluctuate , but it may affect some people who professionally gamble btc ( I mean who make money gambling pure btc )
people who play for fun shouldn't be affected since they either gamble a certain amount of fiat , or they are holding bitcoin and they are gambling a portion of it no matter what the price is
but it's kinda tricky , for example I deposited 1000 euros in a fiat bookie but I lost a little , even with my loss if I ask for a btc withdrawal now the amount should be bigger than my deposit
since I always try to accumulate more btc I consider that I profited from the price move
people who play for fun shouldn't be affected since they either gamble a certain amount of fiat , or they are holding bitcoin and they are gambling a portion of it no matter what the price is
but it's kinda tricky , for example I deposited 1000 euros in a fiat bookie but I lost a little , even with my loss if I ask for a btc withdrawal now the amount should be bigger than my deposit
since I always try to accumulate more btc I consider that I profited from the price move 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?
Well, I have certain percentage of bitcoins which I can afford to lose. So my bets were the same in bitcoins while their value in dollars was different.And I've used litecoin few times when network was overloaded because I didn't want to pay huge fee for bitcoin transactiion.
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?
Bitcoin price doesn't really affect my gambling style as I normally define my bankroll using fiat. So if BTC price rises to much, I just remove those bitcoins from the gambling sites I use, and I make smaller bets, if they BTC price decreases, like it's happening now I normally increase my betting size accordingly. The fees however affected gambling a little, but things are getting back to normal now. I hope I can get a lot of bitcoins from gambling now, since the price is quite low, and this will maximize my winnings in the future.
It didn't affect my wins or losses, but I have been able to bet a bit larger due to Bitcoin's lower price.
The website I gamble on (crypto-games) has pretty high bet sizes for Bitcoin roulette and usually I opt to play with altcoins like Litecoin or Peercoin instead.
Now I just played with 0.016 BTC without even worrying about it
The website I gamble on (crypto-games) has pretty high bet sizes for Bitcoin roulette and usually I opt to play with altcoins like Litecoin or Peercoin instead.
Now I just played with 0.016 BTC without even worrying about it
Woah you are so lucky! With the situation of Bitcoin's price now, I am quite skeptical to go all out in terms of gambling because it has significantly dropped since the beginning of the quarter of 2018. I am quite reluctant too to show some interest since all I am doing now is holding because I am regretting the paper losses I incurred the past year.
I do not have a particular strategy in gambling especially since the market is not doing well. I am just playing safe and trying to accumulate more Bitcoins on the premise that I will regain all losses in due time.
More so, I am sure you do not really have to worry much expenditure on gambling because the value of Bitcoin now is really at its lowest for I think, the last five months.
It didn't affect my wins or losses, but I have been able to bet a bit larger due to Bitcoin's lower price.
The website I gamble on (crypto-games) has pretty high bet sizes for Bitcoin roulette and usually I opt to play with altcoins like Litecoin or Peercoin instead.
Now I just played with 0.016 BTC without even worrying about it
The website I gamble on (crypto-games) has pretty high bet sizes for Bitcoin roulette and usually I opt to play with altcoins like Litecoin or Peercoin instead.
Now I just played with 0.016 BTC without even worrying about it
The big problem that the events of the past are affecting (in negative way) the psychic of the gambler like, the big crisis in Bitcoin price, the losses in the past... Moreover, usually some gamblers fail due to the loss of self-confidence after a while of the bad events.
In addition to that, for me, the past will never affect my future in gambling and other fields because the experiences (particularly the negative ones) teach us do not to fail next time.
It should be like that always and we can never really know what the future has in store for us but if we know how to act it will definitely wouldn't matter much. It's not a big effect for sure. We should always be in the right path. In addition to that, for me, the past will never affect my future in gambling and other fields because the experiences (particularly the negative ones) teach us do not to fail next time.
The big problem that the events of the past are affecting (in negative way) the psychic of the gambler like, the big crisis in Bitcoin price, the losses in the past... Moreover, usually some gamblers fail due to the loss of self-confidence after a while of the bad events.
In addition to that, for me, the past will never affect my future in gambling and other fields because the experiences (particularly the negative ones) teach us do not to fail next time.
In addition to that, for me, the past will never affect my future in gambling and other fields because the experiences (particularly the negative ones) teach us do not to fail next time.
Of course it didn't affect my winning/losing at all, but i gambled way less bitcoins than when their price was smaller, but i still gambled using same USD amount. I think it's same with everyone else, maybe some gamblers didn't play these weeks at all due to huge bitcoins, and their transaction fee, prices.
There might be some differences on btc value but still people would really play on usd amount on major cases i believe. On my side it doesnt really affect on how prices go with bitcoin since im just playing anytime with usd value no matter what would be the amounts of bitcoin can be spend as long i do already know the limits.Jump to: