how much bitcoin price now is affecting your bets? - page 3.

Betwrong

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I stand with Ukraine.

Quote from: BTCLovingDude on December 24, 2016, 08:47:55 AM

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.

This might seem strange but I don't change the size of a minimum bet if the price of Bitcoin goes up. Maybe that is so because my bets are small in general and when I make a bet I really don't care whether it is $0.01 or $0.013. I know that that is a wrong approach though. One bet is nothing, but after 500 bets you'll see the difference. And still I must confess that I valued 1k satoshis when Bitcoin was $250 as much as value 1k sats now.

izanagi narukami

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Since I'm not gambler hardcore , it doesn't affect me at all. But if bitcoin value increase 10 times from current value, I'm usually will decrease my bankroll about 20% as it become valuable so I can't waste it too much

Golftech

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Quote from: Herbert2020 on December 25, 2016, 04:39:12 AM

to be honest it mainly depends on how much bitcoin i am earning.
for example if i am earning 1BTC then i will be betting 0.1BTC and be happy about it but if my amount of earning goes down to 0.1BTC then what i bet will also go down to 0.01BTC because i keep betting the same amount i can no longer afford it.
(all these number are hypothetical though just to make a point!)

For sure you are just playing to have some fun because you are just making sure that you are just consuming the money that you are willing to give up so meaning to say you are not care what ever the value of bitcoin in your currency? Me, might consume .01 btc for the whole week just to enjoy the game.

warwar

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Quote from: pooya87 on December 25, 2016, 12:55:42 AM

Quote from: Jasad on December 25, 2016, 12:16:22 AM

Quote from: shanem on December 24, 2016, 10:40:31 PM

Bitcoin price does not affect my bet unless it is rises to a ridiculous level. I don't care about the price of bitcoin in usd term. I only look at the price of everything in cryptocurrency in bitcoin terms so my bet remains the same as I have already accumulated some bitcoins.

that was a smart move ,
i think the same as you , did not consider gamble in usd if you use bitcoin!
just keep gambling with the same amount in bitcoin ,
and see the result when you convert it into cash.

well if you buy bitcoin with fiat like USD,... then gamble with bitcoin you will eventually start thinking more about the USD value of bitcoin too because you are in fact losing money in gambling not only bitcoin.

You are right ! Bitcoin has its own value. How many bitcoin you have in your wallet it corresponds to a real money value you looses money and you earn money but the thing is it is very easy accessble your money if you gambles unlike in real life. Take care of your money if you play gambling games and control your emotion

raaajlucky

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Quote from: Herbert2020 on December 25, 2016, 04:39:12 AM

to be honest it mainly depends on how much bitcoin i am earning.
for example if i am earning 1BTC then i will be betting 0.1BTC and be happy about it but if my amount of earning goes down to 0.1BTC then what i bet will also go down to 0.01BTC because i keep betting the same amount i can no longer afford it.
(all these number are hypothetical though just to make a point!)

For me, it not changed anything. Becasue I will not play gambling with my real money. I will do with my extra money only. So the price does not matter for me. And my average betting amount is not more than 0.02 BTC. But if I win my bet I will get big amount bcz of this price hike. So it's not effecting on my gambling.

Herbert2020

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to be honest it mainly depends on how much bitcoin i am earning.
for example if i am earning 1BTC then i will be betting 0.1BTC and be happy about it but if my amount of earning goes down to 0.1BTC then what i bet will also go down to 0.01BTC because i keep betting the same amount i can no longer afford it.
(all these number are hypothetical though just to make a point!)

poplolnman

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Quote from: Oilacris on December 25, 2016, 01:20:04 AM

My bet size would really depend on the bitcoins price because i usually make equivalent to the dollar rate itself. It does really affect betting size because of bitcoins price movement.It does depend on the gambler but i dont think this thing does really affect too much since we could able to adjust anytime regarding on our bet size.

yeah just simply adjust the bet amount if you used fiat rate, not much affected. it makes casino owner have a bigger bankroll in USD (if they hold a lot of bitcoin before) , and just be a problem for those casino who run out of bitcoin and have to buy it in higher price now. everything has a risk actually , but if you know what to do , you can take advantage on this situation.

novemberwoah

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Yes bitcoin price increase affects the amount of my bets. If I lose it will increase the number of my loss if calculated with the money. But it does not I think because I still have a bet management so I spend bitcoin will not be too big. And maybe I'll be more selective in choosing the game, I select the game of victory greater potential that still profit. The price increase could also profit if it wins, because it is definitely a win will earn bitcoin by a larger amount if calculated with the money.

Oilacris

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My bet size would really depend on the bitcoins price because i usually make equivalent to the dollar rate itself. It does really affect betting size because of bitcoins price movement.It does depend on the gambler but i dont think this thing does really affect too much since we could able to adjust anytime regarding on our bet size.

pooya87

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Quote from: Jasad on December 25, 2016, 12:16:22 AM

Quote from: shanem on December 24, 2016, 10:40:31 PM

Bitcoin price does not affect my bet unless it is rises to a ridiculous level. I don't care about the price of bitcoin in usd term. I only look at the price of everything in cryptocurrency in bitcoin terms so my bet remains the same as I have already accumulated some bitcoins.

that was a smart move ,
i think the same as you , did not consider gamble in usd if you use bitcoin!
just keep gambling with the same amount in bitcoin ,
and see the result when you convert it into cash.

well if you buy bitcoin with fiat like USD,... then gamble with bitcoin you will eventually start thinking more about the USD value of bitcoin too because you are in fact losing money in gambling not only bitcoin.

Jasad

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= jasad =

Quote from: shanem on December 24, 2016, 10:40:31 PM

Bitcoin price does not affect my bet unless it is rises to a ridiculous level. I don't care about the price of bitcoin in usd term. I only look at the price of everything in cryptocurrency in bitcoin terms so my bet remains the same as I have already accumulated some bitcoins.

that was a smart move ,
i think the same as you , did not consider gamble in usd if you use bitcoin!
just keep gambling with the same amount in bitcoin ,
and see the result when you convert it into cash.

RoommateAgreement

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Activity: 770

Merit: 500

Bazinga!

since i am only making very small bets then no it doesn't affect my bets at all because i will continue making the smallest amount of bet that is possible to also lose the smallest amount too. for example i use 1-100 satoshi bets whenever i am playing dice and this way i am minimizing my loss.

shanem

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Bitcoin price does not affect my bet unless it is rises to a ridiculous level. I don't care about the price of bitcoin in usd term. I only look at the price of everything in cryptocurrency in bitcoin terms so my bet remains the same as I have already accumulated some bitcoins.

SvenBomvolen

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Activity: 588

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I place minimal bets on sport games. Now that minimal bets in bitcoins worth a bit more in euros then before.
That is positive effect I believe for all of us who gamble with bitcoins.

shintosai

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Quote from: Rahar02 on December 24, 2016, 09:07:11 PM

Quote from: xuan87 on December 24, 2016, 09:04:49 AM

Its affected my bet, because when i gamble i usually calculate in fiat and i usually limit my bet per day around 20$, so when the price is change my bankroll limit also affected, when the price is up I decrease my bet but when the price is down I don't increase my bet, because I know bitcoin price won't go down for a long time

I always do the same thing, consider how much in fiat to spend as bitcoin price increases.
Gambling management, use only $5-$10 every time I'm going into, small amount I can deal with and stop if it gone.

this is much better keep your self into its limit as btc really booming and gambling activity can be much expensive when you converted certain amount of your previous bets for btc, i'm doing the same way mate i wanted to make sure that i always limit myself with the amount that i can really afford to lose with no addition in fiat.

Diced90

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Get'em boys

this bitcoin price booming has affected my gambling stakes has my sportsbook has put a limit on the amount of bitcoins i can wager on each game which reallys sucks if you ask me

Rahar02

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Quote from: xuan87 on December 24, 2016, 09:04:49 AM

Its affected my bet, because when i gamble i usually calculate in fiat and i usually limit my bet per day around 20$, so when the price is change my bankroll limit also affected, when the price is up I decrease my bet but when the price is down I don't increase my bet, because I know bitcoin price won't go down for a long time

I always do the same thing, consider how much in fiat to spend as bitcoin price increases.
Gambling management, use only $5-$10 every time I'm going into, small amount I can deal with and stop if it gone.

maku

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Bitcoin price doesn't matter as I always convert value of BTC to FIAT in my mind. Of course when BTC price is high I won't play with my usual stakes.
I will limit my weekly bankroll to 0.025 from 0.04 - no big deal.

Skarner21

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Massive price drop coming...

Quote from: BitFinnese on December 24, 2016, 03:39:07 PM

Quote from: BTCLovingDude on December 24, 2016, 08:47:55 AM

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.

It does not affect my bet. I do not know but I am betting with only BTC in mind. No equivalent value even cross to my mind. If was betting at 0.005 BTC I still bet with that amount. I think I already secluded btc activities from currency when it comes to using Bitcoin in gambling games.

Well for i am still relaying in the price of bitcoin.. but for fix value i mean if i am betting amount of $5 in a single bet in bitcoin according to preev price is 0.005629 so i will make it fix as 0.006 as my bet.. or exact 0.005 btc..
There is no effect of the price increase but for it is better to check your price of bitcoin..

FlightyPouch

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Merit: 300

It dont really affect my bets because i just gamble my bitcoins from free rolls and faucets. It is a small amount, but im having fun gambling with it because i get it free and its ok if i lose, im just spending time with it. Though i still get addicted to gambling and ended up losing my faucet bitcoins. It may be free but it is really dissapointing.

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