Topic: If btc > $150k, will you still gamble it? (Read 1819 times)
I will sell all BTC at this price, we have lots of usable coins for gambling. Of course, shouldn't use BTC to gamble, I will buy a few low value coins, then continue to use it for my entertainment.
Well, I will still continue to gamble, -- I basically started with bitcoins because of gambling then just afterward I began to do tradings. Regardless of how much will be the cost for every transaction in gambling that will not stop me even if the value of bitcoin will reach sky high. Besides if ever that the transaction fee will be higher because of the bitcoin value it will still be compensated if you win and TBH I might also get hurt a little if the result will be the other way around but that is perfectly fine at least I know for a fact that I still enjoyed and was entertained.
Its all relative if bitcoin is $15k and you bet 1 bitcoin on something when its $150k you would just bet .1btc for the same fiat based bet. It only helps to have bitcoin increase as the fiat value of your stack will just be higher than it would have been if it stayed at $15k. Fees aside, if bitcoin reaches $150k it will have to habe the same type fiat valued fees in order to get that high to begin with.
Yeah and with this poll, I meant to know the bet sizes only. Like does some gambler have the dare to gamble the same amounts in btc they did when it was 1/10th its value 'then' (where then is for the upcoming value in USD)? Some mining pools are taking a big advantage of the fee structure but I am glad that the wallets which used to 'select the best fee' for you on their own, now give us the advantage of choosing the fee ourselves but the network is still locked up to a certain area and is not being brought down, this has caused small gamblers 'who use different websites daily to gamble', a big problem.
Oh I see. Well I still believe everyone bets with fiat value in mind so the amount of bitcoin people will be willing to bet will just be the same fiat value. Peoe generally bet the same amounts $50, $100, etc. They will just adjust how much bitcoin the bet based on btc/fiat conversion rate.
Yeah and with this poll, I meant to know the bet sizes only. Like does some gambler have the dare to gamble the same amounts in btc they did when it was 1/10th its value 'then' (where then is for the upcoming value in USD)? Some mining pools are taking a big advantage of the fee structure but I am glad that the wallets which used to 'select the best fee' for you on their own, now give us the advantage of choosing the fee ourselves but the network is still locked up to a certain area and is not being brought down, this has caused small gamblers 'who use different websites daily to gamble', a big problem.
For me, I will take profit from it, I will not gamble in that but instead I will pull out my half of my asset, bitcoin @150k is too high to gamble or to lose, the fees will be high when you withdraw yes it will be, but the thing is if the bitcoin price will dump again at a certain price it will be a loss to me as well. I need to take profit and decide for what is best for long term used. Its all relative if bitcoin is $15k and you bet 1 bitcoin on something when its $150k you would just bet .1btc for the same fiat based bet. It only helps to have bitcoin increase as the fiat value of your stack will just be higher than it would have been if it stayed at $15k. Fees aside, if bitcoin reaches $150k it will have to habe the same type fiat valued fees in order to get that high to begin with.
Yeah and with this poll, I meant to know the bet sizes only. Like does some gambler have the dare to gamble the same amounts in btc they did when it was 1/10th its value 'then' (where then is for the upcoming value in USD)? Some mining pools are taking a big advantage of the fee structure but I am glad that the wallets which used to 'select the best fee' for you on their own, now give us the advantage of choosing the fee ourselves but the network is still locked up to a certain area and is not being brought down, this has caused small gamblers 'who use different websites daily to gamble', a big problem.
After so much positive speculation, optimism in markets, accumulation by institutional investors, too many analysts predicting a new ATH for btc, let's say if everything goes good and btc reaches extremely high price, will you still gamble it? Or will you 'be able' to gamble it? Won't the fees distract you from using it in gambling?
Take the poll and share your opinion.
Take the poll and share your opinion.
Its all relative if bitcoin is $15k and you bet 1 bitcoin on something when its $150k you would just bet .1btc for the same fiat based bet. It only helps to have bitcoin increase as the fiat value of your stack will just be higher than it would have been if it stayed at $15k. Fees aside, if bitcoin reaches $150k it will have to habe the same type fiat valued fees in order to get that high to begin with.
There's also a possibility that gambling sites will not accept Bitcoin anymore because of the high fees or some of the gambling sites will stop using Bitcoin there's a possibility that withdrawal fees will incur $ 100 or more, I don't know the scenario if this happens.
Two issues that confront Bitcoin is the fees and the confirmation, if Bitcoin is that high there's a possibility that the network will be congested, we'll cross the bridge when we get there, we'll have to see the scenario when it happens.
This is the main problem the whole bitcoin network faces, a little high of bitcoin reaching $13800 cause panic across all boards complaining high withdrawal fees, even this affected some p2p exchange, so, if bitcoin could reach that ,then possibly bitcoin will be disabled from some betting company, that's why lots of gaming platform now accepts ripple, litecoin and some other low fee coins. Two issues that confront Bitcoin is the fees and the confirmation, if Bitcoin is that high there's a possibility that the network will be congested, we'll cross the bridge when we get there, we'll have to see the scenario when it happens.
just like you, I will definitely use Altcoins when the price of Bitcoin goes up to $150k...
Crypto gambling sites currently not only accept Bitcoin but also Eth, Litecon, Tron, and Doge. so when the Bitcoin price goes up I will only gamble with other cheaper coins.
There's also a possibility that gambling sites will not accept Bitcoin anymore because of the high fees or some of the gambling sites will stop using Bitcoin there's a possibility that withdrawal fees will incur $ 100 or more, I don't know the scenario if this happens.
Two issues that confront Bitcoin is the fees and the confirmation, if Bitcoin is that high there's a possibility that the network will be congested, we'll cross the bridge when we get there, we'll have to see the scenario when it happens.
Gambling sites wont accept Bitcoin anymore just because of that main issue? It doesnt really matter if bitcoins price do really made that high
because later on when the network goes back to normal then fees will just eventually lessen so it wont really be that much of a problem.
Congestion isnt really something that do last for too long but for sure this problem would really be always an headache but somehow
there are other alts which can really be used.
Its just too impossible on the thing you had mentioned about being not accepted.
just like you, I will definitely use Altcoins when the price of Bitcoin goes up to $150k...
Crypto gambling sites currently not only accept Bitcoin but also Eth, Litecon, Tron, and Doge. so when the Bitcoin price goes up I will only gamble with other cheaper coins.
There's also a possibility that gambling sites will not accept Bitcoin anymore because of the high fees or some of the gambling sites will stop using Bitcoin there's a possibility that withdrawal fees will incur $ 100 or more, I don't know the scenario if this happens.
Two issues that confront Bitcoin is the fees and the confirmation, if Bitcoin is that high there's a possibility that the network will be congested, we'll cross the bridge when we get there, we'll have to see the scenario when it happens.
I might shift to another coin because the fee will be very much higher than it used to, maybe I will shift to Tron or Eos or Doge right now the fee is ranging from $1 to $5 per $50 worth of deposit it could become $20 or even more if Bitcoin reach that level, the scenario could become very different now because satoshi will be worth a lot by then per byte of satoshis will be worth a lot.
Yes; that's your right and you have it but, at such high price in Bitcoin 1Bitcoin still will be 1Bitcoin. This question has generated mixed reactions among potential gamblers, all i could see if the price of Bitcoin clock $150k will be gamble oh child becasue it doesn't hurt while making time with hubbies. Personally i gamble solely for entertainment i nothing can stop this even when price hit higher. Yes but I wouldn't use it anymore right now I am using alt-coin to gamble so what more if the price of Bitcoin goes that high.
I would only use it to trade or hold if it ever gets to that point since there are gambling sites that already accept other crypto on their platform so we are free to use any of them.
just like you, I will definitely use Altcoins when the price of Bitcoin goes up to $150k...I would only use it to trade or hold if it ever gets to that point since there are gambling sites that already accept other crypto on their platform so we are free to use any of them.
Crypto gambling sites currently not only accept Bitcoin but also Eth, Litecon, Tron, and Doge. so when the Bitcoin price goes up I will only gamble with other cheaper coins.
In gambling, the amount of BTC you have will remain stable if you compare the Bitcoin's value to nothing. We just value BTC because of the fiat conversion of it. With the first uses of bitcoin, they even use it to buy Pizza for 10k BTC. Meaning, no matter how much conversion or market price it has, you can still bet the same amount of Bitcoin. The only thing I expect here is that most gamblers will divide their betting based on the USD value of it. One thing I am worried about is that transaction fees might be unfair if BTC reached 150$ in betting.
Maybe I can spend the rest and the others I will sell it because if I using all the 1 bitcoin yes it is possible to grow but it is chances to lose it all. So for the safety of my money maybe I tried to spend a little percentage of the 1 bitcoin like 10 to 20 percent and I will convert the rest to the fiat but if that only happen in the future because for sure that is a little percent to hit that price per bitcoin.
You can gamble with bitcoin at any price, just adjust your fiat equivalent amounts than you gamble with & you should have no problem. Obviously if you usually gamble 0.005BTC per week atm, ensure you don’t gamble with that amount when 1BTC = $150,000 
The only thing that can encourage a gambler to stop gambling using Bitcoin is a huge commission for deposit and withdrawal of funds in the casino.
If a person is used to spend Sunday night playing online roulette, he just instead of Bitcoin will start using a cheaper coin, such as Doge.
So I don't see any problem with that.
If a person is used to spend Sunday night playing online roulette, he just instead of Bitcoin will start using a cheaper coin, such as Doge.
So I don't see any problem with that.
I think if the price increased just like what you've said for sure I will going to sell it rather than to take risk it since that price multiplied to my fund for gambling would be really huge and I can make a living to it without working in full year but still i'll leave some amounts for gambling purposes.
Actually I don't gamble to earn all I just want is to bet and play gambling casinos and bet on sports betting sites so I don't see any problem if the Bitcoin's price increased so much all I just want is to use Bitcoin to gamble and satisfy my gambling needs.
I don't see any problems about still gambling even if it reach $150k it's a leisure and entertainment for me so I don't think I would stop playing gambling games especially sports betting it's been part of my daily routine.
Some of us use altcoin to gamble because we don't want to risk losing the bitcoin in the gambling table. We want to sell bitcoin at a high price so that we can make money from bitcoin. If we can make money from bitcoin, we can buy the altcoin with a certain amount, and we can send it to the gambling site and playing the games. By doing that, we don't have worried or feel bad to see the fees of bitcoin because we use the altcoin to gamble.
The other people who have a large amount of bitcoin can still use bitcoin to gamble, but some of them use altcoin to prevent the loss in bitcoin.
But no matter what will happen to bitcoin, as long as we can use crypto to gamble, I think people will still playing gambling because they can find exciting gambling activity. After all, crypto gambling games will grow in the future, inviting more people to try to gamble using crypto.
The other people who have a large amount of bitcoin can still use bitcoin to gamble, but some of them use altcoin to prevent the loss in bitcoin.
But no matter what will happen to bitcoin, as long as we can use crypto to gamble, I think people will still playing gambling because they can find exciting gambling activity. After all, crypto gambling games will grow in the future, inviting more people to try to gamble using crypto.
I have funds in my favorite gambling sites ,Amount that i only use sometimes when i felt like i want to enjoy and to change mood.
i am not an addicted gambler so that amount stays there for long time now yet i can't spend them all.
responsible gambler is what we need to make this attitude in gambling platform,
so I am not affected in case Bitcoin Bully again and Hit that Top 150k value.
i am not an addicted gambler so that amount stays there for long time now yet i can't spend them all.
responsible gambler is what we need to make this attitude in gambling platform,
so I am not affected in case Bitcoin Bully again and Hit that Top 150k value.
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