I won't be affected until it reaches $1000, as I am still fine with my BTC0.1 bets that I can easily place without any fear.
I know that $1000 is not too far, but I still make those high bets because I win mostly and want to collect coins as much as I can until price spikes and will sell them all at once.
Topic: how much bitcoin price now is affecting your bets? (Read 1527 times)
There is a lot of people like you out there indeed but I believe most people just adjusting the bet amount rather than keepgambling with same value of bitcoin.
I guess your statement will be applicable only to high rollers. But for me, I always prefer to risk less then 0.001 and I am keep on gambling with that amount regardless of the recent bitcoin's high price levels. I just count my profits in terms of satoshi and not in quivalent dollar values.if you bet 0.001 bicoin usually , you can keep doing it as not much value you stake.
it is just different story with the big amount bet, people will feel so regretful when they realize staking money 2 times value than usual when the price not as high as when up in highest position.
My bets dont change even in the current price of bitcoins right now from 0.01btc amount to 0.1 still the same also on trading .I will only change my betting amount if bitcoin price reach $1000 .From now i don't mind its value so it doesn't affects my betting and gambking amount to spend . It is much better to adjust the calculations on fiat but for me its a hassle especially when my internet connection is slow .
i was wondering how much do you change the size of your bets and for example your bankroll now that bitcoin price has gone up to ~$900?
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
I don't ever think about the bitcoin price i don't either think that im going to lose i usually bet approximately 0.01 bitcoin weekly if i lose i never tried to deposit again trying to doubled my bankroll is best if you make profit already withdraw initial deposit. Try to save atleast of your profit then. i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
Yeah, it is effecting on our betting, when we play with bitcoin. I also change my routine of bitcoin gambling, when price increase or decrease, because usually i play gambling with bitcoin, No doubt, bitcoin price change our betting, but instead of it, price doesn't change our winning or loss.
The price variation haven't made a big impact upon the gambling strategies as well upon the betting amount. In my view the same betting amount placed before the increase is still used for betting. The better thing observed is the betting is risky when the amount is increased without proper research.
I personally changes my betting according to the increase or decrease of the price of bitcoin, actually I have fixed a limit for playing gambling in my fiat and when I reached to that limit I stop playing gambling any more, therefore it does impact my gambling activity significantly. First I do but bitcoins with my fiat basically. For recreational betting 0.001BTC=$1 would be a nice starting point but most of the gambling websites require 0.001BTC minimum bets so if the Bitcoin price goes past that $1000 threshold I may try some alt coin betting instead. I prefer betting in dollar units rather than Bitcoin units.
If bitcoin price would rise its value those gambling sites would definitely adjust the minimum bets because if they would stick on the minimum bet for sure some players would not tend to play anymore because value is increasing and some dont want to risk too much amount on a single bet.They would probably adjust amount so that people could able to play. 
For recreational betting 0.001BTC=$1 would be a nice starting point but most of the gambling websites require 0.001BTC minimum bets so if the Bitcoin price goes past that $1000 threshold I may try some alt coin betting instead. I prefer betting in dollar units rather than Bitcoin units.
In gambling price of Bitcoin doesnt matter to me, Bitcoin will always be a Bitcoin when i gamble. I just stop when i get 10% of my bankroll and if i lose 40% of my bankroll i also stop.
i was wondering how much do you change the size of your bets and for example your bankroll now that bitcoin price has gone up to ~$900?
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
Well, the price of bitcoin shouldn't matter if a sound bankroll strategy is being applied. If the size of the wager is proportionately related to the size of the the bankroll, then it will all even out in the long run. I play poker and I usually don't put more than 10% of my bankroll in play in a single session....Bankroll management is the key here; there are several schemes--depending on the game.
let's make things more clear here, for example if you usually bet 1 bitcoin in a week worth $450 but then the price of bitcoin go up to $900 per 1 bitcoin , then what will you do with your bankroll management? keep gamble 10% ? $45 to $90 ? i don't think so. people will look at dollar in the end.
Yes. I keep it at a solid 10 percent. If I have more, I play with more, but I never put more than 10 percent of my bankroll in play at once to offset the bad streaks of variance. If I had $450, I'd play with $45, and if I had $900, I'd play with $90. It doesn't matter whether I win on the markets, or win on the tables....it's the same. And, I've watched my bitcoin investment grow by almost 400% the past year or so on the markets....it don't change anything....10 percent always. If I started the day playing with $90 (10% of 900) today and ended up winning $9,190, then tomorrow I'd start with $1000 (10% of 10,000). It don't matter.
i was wondering how much do you change the size of your bets and for example your bankroll now that bitcoin price has gone up to ~$900?
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
I don't really change it. When I bet with bitcoins, my bankroll is set with bitcoins, so everything stays the same, either they rise or they drop.
It will only affect my winnings when I convert them to fiat, but that is something completely different, and I don't think about it when I gamble, since it's something I can't control.
i was wondering how much do you change the size of your bets and for example your bankroll now that bitcoin price has gone up to ~$900?
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
Well, the price of bitcoin shouldn't matter if a sound bankroll strategy is being applied. If the size of the wager is proportionately related to the size of the the bankroll, then it will all even out in the long run. I play poker and I usually don't put more than 10% of my bankroll in play in a single session....Bankroll management is the key here; there are several schemes--depending on the game.
let's make things more clear here, for example if you usually bet 1 bitcoin in a week worth $450 but then the price of bitcoin go up to $900 per 1 bitcoin , then what will you do with your bankroll management? keep gamble 10% ? $45 to $90 ? i don't think so. people will look at dollar in the end.
It do not affect my betting because I calculate my money for bets and do not exceed my betting money from a limit which I have kept in front of me for to gamble. The price increase of bitcoin is not a thing to affect in negative but it brings happiness and no one will condemn it.
It don't. I bet diaper money all tha time, but I don't use bitcoin. I slap down all my dice bets in dogecoin. An' I tell ya, the price don' flip-flop nowheres near as much as the bitcoin do. But that wouldn't matter anyway, cuz you jist adjust whatchu slappin' down. Any fool kin do that maff.
Honestly it is good to gamble with dogecoin because the price of dogecoin is cheap unlike bitcoin that it getting increases every month or yearly.. Since dogecoin is in stable price so i think it is one of the good if you dont want to affect your gamble plays because of the price increases..
It don't. I bet diaper money all tha time, but I don't use bitcoin. I slap down all my dice bets in dogecoin. An' I tell ya, the price don' flip-flop nowheres near as much as the bitcoin do. But that wouldn't matter anyway, cuz you jist adjust whatchu slappin' down. Any fool kin do that maff.
i was wondering how much do you change the size of your bets and for example your bankroll now that bitcoin price has gone up to ~$900?
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
Well, the price of bitcoin shouldn't matter if a sound bankroll strategy is being applied. If the size of the wager is proportionately related to the size of the the bankroll, then it will all even out in the long run. I play poker and I usually don't put more than 10% of my bankroll in play in a single session....Bankroll management is the key here; there are several schemes--depending on the game.
The price which I have kept already in the sites for gambling are not affected as these are already assigned for to gamble while for further bettings I look at the value that how much my money will be in bitcoin and I bet according to that value I get in bitcoins for a specific amount of money.
The price variation haven't made a big impact upon the gambling strategies as well upon the betting amount. In my view the same betting amount placed before the increase is still used for betting. The better thing observed is the betting is risky when the amount is increased without proper research.
There is a lot of people like you out there indeed but I believe most people just adjusting the bet amount rather than keepgambling with same value of bitcoin.
I guess your statement will be applicable only to high rollers. But for me, I always prefer to risk less then 0.001 and I am keep on gambling with that amount regardless of the recent bitcoin's high price levels. I just count my profits in terms of satoshi and not in quivalent dollar values. i was wondering how much do you change the size of your bets and for example your bankroll now that bitcoin price has gone up to ~$900?
i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
i never change my bankroll eventhough price bitcoin down or rise, iam betting in bitcoin value i am usually getting more cautious about each bet and make smaller bets when price goes up just to match the price with the risk i take.
Jump to: