If btc > $150k, will you still gamble it? - page 2.

Oneandpure

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Quote from: LogitechMouse on November 02, 2020, 11:44:24 PM

Its a no for me or depends.

If Bitcoin doesn't have a very high transaction fees at that time then I might decide to gamble still using Bitcoin. Whenever I gamble, most of the time I'm depending on the USD amount and not the amount of Bitcoin. After all, I'm not gambling that much so it doesn't matter for me if the price is higher. I will still gamble if I feel that I need to.

Depend with how many games give us easy to win I will deposit using bitcoin, but now almost game on betting site difficult and not have chance to win so what for we have deposit bitcoin and give to them. I have try looking which one easy game to win in stake site, I try mines and look easy but always lost when all my fund. I think bot detect when we use small amount and use all in amount when betting because always lost after using big amount. Now better with soccer betting because we know with team condition and only betting with familiar club like primer league, la liga and serie A or ligue 1. I quit from little information club for betting because too risk and less chance to get winner with not know club football.

LogitechMouse

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Its a no for me or depends.

If Bitcoin doesn't have a very high transaction fees at that time then I might decide to gamble still using Bitcoin. Whenever I gamble, most of the time I'm depending on the USD amount and not the amount of Bitcoin. After all, I'm not gambling that much so it doesn't matter for me if the price is higher. I will still gamble if I feel that I need to.

Gotumoot

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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.

Janation

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It would really affect my betting if the price of the transaction increases along with the price of the bitcoin but I still would not stop myself from playing gambling and there's really a high chance that I would still continue playing gambling games.

Most of the posts I am seeing is talking about the fees that they will be paying.

But despite all of that, I think most of us would still gamble at the end of the day. I do have a small balance on a certain online casino and I am not sending that out because when I wanted to gamble, I use that so I don't actually have a problem with transaction fees even if the price went up or went down. Still, some would pay that fee since the value of Bitcoin also increased.

smyslov

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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.

Lanatsa

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It would really affect my betting if the price of the transaction increases along with the price of the bitcoin but I still would not stop myself from playing gambling and there's really a high chance that I would still continue playing gambling games.

Some are hesitant to continue when fees become that high but in your part it seems you don't care.Well its expected for people to do as long they would able to play gambling no matter what.

We do have different financial capacity or level of stashes that we hold that's why some do matter and some wont but overall when bitcoins price do hits up on that level then majority will be still gambling.

Value had increased but doesn't mean that it will lessen or totally stop for people to play just because they do decide to make hold of it? Impossible. Gamblers will be always gamblers
and it doesn't matter of bitcoin will increase its price and as long it can be used then people will surely make deposits.

Xxmodded

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When bitcoin reach more than $150k maybe many gamble will rethink how to use bitcoin when deposit and withdraw because have higher fee, check with ratio right now bitcoin have $14k we must pay fee transaction for sending take more than 0.000169 with normal transaction or have value about $3, how come if bitcoin cross more than $150k and how much payment have to sent for fee transaction? I will change the way with betting by using altcoin only where still have friendly fee for sending, what for we have pay higher fee when have available with bitcoin still have chance to use for transaction with sending or withdrawing.

panjul07

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As I'm a gambler who wont be affected of what is happening to the bitcoin price, sure I will still gamble it but my limit stays the same in fiat value.
For example, bitcoin price was 15k and my limit per bet is 100k satoshi and now bitcoin price is 150k so my limit per bet will be 10k satoshi.
But if we are focusing on the fee, and if the fee is too high then I wont make any btc deposit.

safari88

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of course no one can stop me from playing even if the price of it increased to million the only change is my betting amount of course if the price is increasing my betting will be reducing i think that's what would happen.

Kelvinid

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Some users may surely avoid gambling with btc for now because the chances of losing is higher if they gamble and if price rise then they may miss out the opportunity of making that money if just stayed holding it. But they may convert some to other coins and gamble or if holding altcoins already then would be gambling from it. Since transfer fees will also be not much and they might not stay away from gambling as well.

Nothing has make difference, the risk still there, the chance is still the same whether the price of Bitcoin is high or low. Gamblers will still gamble anytime, that price is not the thing that can stop them if they wan to gamble.
What makes some people ( for casula gamblers) aren't gambling today is that because they are taking the opporunity while the value of Bitcoin vs fiat money is high, converting Bitcoin to their local money is really big and it make sense for them.

ice098

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Quote from: dimonstration on October 31, 2020, 06:08:32 PM

Quote from: davinchi on October 31, 2020, 02:14:46 PM

Why do people assume that people wager with bitcoin without looking at the price of the bitcoin they are playing with? I mean I play with dollar value of it in my mind and it has never changed in the past 7 years I have been gambling.

Set amount in dollar of what amount only to bet in every bet or on that set, bitcoin price is too volatile and it changes every now snd then so it's not advise not to think of dollar when playing. When we base our bet via btc and not thinking of how much it is in dollar we will soon to run out of budget too fast as if no plan of enjoying the game and just feel pressured throughout his playtime.

The safest thing to do was to alot a certain amount of bitcoin that you were going to trade than putting it all down to one basket without any assurance if you will going to win. If ever the value of bitcoin raised to $150k then lets take advantage to this value since bitcoin value were unpredictable and the variation of prices may happen any moment. So definitely i would choose to save first before i gamble bitcoin.

molsewid

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Quote from: 2double0 on October 29, 2020, 04:57:19 PM

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.

If my bitcoin is still on a gambling website and the Bitcoin's price reaches extremely high, I will still gamble it. The reason I deposited that bitcoin amount is for gambling, not for trading. And when I'm depositing an amount of BTC or any crypto-currency, I only put a small amount for gambling. Even if the price is extremely high, this small amount of Bitcoin is not tempting to withdraw.

TitanGEL

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Quote from: Lorence.xD on November 02, 2020, 12:34:09 AM

If hypothetically the speculation that the price will continue to rise, I think gambling sites will be affected the most because most player will see the value of bitcoin get higher and will regret spending it on gambling. To answer your question, I would do some gambling although the smallest amount will be spent on it, if the transaction fees will get high in relation to increase of the bitcoins price, it will also attract less players to participate in gambling sites.

It is really depends on what type of gambler are you, there are some for sure who sill still gamble even if the price of the bitcoin become more expensive like $100,000 and above. Those who are really obsessed will not be stopped ny the current price of the bitcoin but for sure there will some gamblers who will force to not gamble their money anymore because of what you just said and it is the regretting moment. I'm a gambler and if that happen, I think I will withdraw my funds and not gamble it anymore.

Lorence.xD

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If hypothetically the speculation that the price will continue to rise, I think gambling sites will be affected the most because most player will see the value of bitcoin get higher and will regret spending it on gambling. To answer your question, I would do some gambling although the smallest amount will be spent on it, if the transaction fees will get high in relation to increase of the bitcoins price, it will also attract less players to participate in gambling sites.

btc78

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Nope ,I rather stop my habit for a while because once bitcoin price rose up then for sure all coins will go up also,it is harder to imagine that I will be losing 150k when I can just sell that bitcoin and play and bet using fiat.

That's a lots of money in my part.

Quote from: aioc on November 01, 2020, 05:03:54 AM

If the fee is manageable when price of Bitcoin is on that level I will continue playing using Bitcoin, Bitcoin is the most important Cryptocurrency and if I win it's like a win three times because Bitcoin will keep on growing in the market, and besides it's the one I've used eversince I started gambling online and I only use other coins as alternatives when the fees is high and there is traffic in the network.

I'm not sure if you can still do that when it happens because for sure you will, value the conversion than continuing to play.
This is advantageous for us to sell first than facing vices .

Salauddin1994

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How much you will spend on gambling will depend on the investor in major cryptocurrencies is a more risky game for practitioners than investors who may lose part or all of their invested funds but gambling will be more profitable if the value of bitcoin increases. Buying cryptocurrencies directly is still an easy and secure way to secure the maximum cryptocurrency for your dollar. Unfortunately what you will find is that other ways to make more money can actually lose your money positive thinking can lead to higher value of gambling.

Alucard1

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The price movement of the bitcoin doesn't affect the way I gamble because I do not use bitcoin in gambling, I usually use USD but when we talk about bitcoin in gambling and it reaches so high then I wouldn't gamble it, it is better to convert it into fiat currency because that is already a huge amount of money for me and there are already many things that I can have with that amount of money.

Quote from: DabsPoorVersion on October 29, 2020, 05:24:48 PM

What I answered is no,

The fees would be higher when its price will increase. I'll probably dump my btc instead of gambling it and just wait for its price to decrease again to start gambling. It is not good enough to spend large fees if it is only for gambling.

That's right, it is not worth spending a huge amount of money on transaction fees just to gamble, there are many good things you can do with that fees. Better to stop gamble for a while or choose gambling which does not use cryptocurrency.

yazher

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Quote from: 2double0 on October 29, 2020, 04:57:19 PM

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.

It doesn't really matter though because most of the time we are playing with satoshis no matter how much it will cost. However, we are playing a few numbers if the price is that high maybe we are betting 10 Satoshi per game or a hundred because of its high price. Anyway, people who used to bet for sports games don't really care about it and the only people who are happy with this result are those who get some daily interest from their wallets on some gambling site.

maydna

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Quote from: aioc on November 01, 2020, 05:03:54 AM

If the fee is manageable when price of Bitcoin is on that level I will continue playing using Bitcoin, Bitcoin is the most important Cryptocurrency and if I win it's like a win three times because Bitcoin will keep on growing in the market, and besides it's the one I've used eversince I started gambling online and I only use other coins as alternatives when the fees is high and there is traffic in the network.

So far, the fee will be increased following the bitcoin price. We already experience that many times, so perhaps, many of us will delay sending some amount to the gambling sites. To prevent a bitcoin transaction's high fee, we can use other coins as alternatives, and I think after that coin arrived in our account, we can convert it into bitcoin and continue to bet using bitcoin. That will be the way to solve the problem of sending the bitcoin.

Perhaps we can wait for a while until the fee can reduce, so we can still send bitcoin to the gambling site without thinking about the fees.

aioc

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If the fee is manageable when price of Bitcoin is on that level I will continue playing using Bitcoin, Bitcoin is the most important Cryptocurrency and if I win it's like a win three times because Bitcoin will keep on growing in the market, and besides it's the one I've used eversince I started gambling online and I only use other coins as alternatives when the fees is high and there is traffic in the network.

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