If btc > $150k, will you still gamble it? - page 5.

johhnyUA

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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?

Fees doesn't affect casinos where is centralized (it can be provably fair or not, doesn't matter) gambling activities. Like you're playing dice trough casino flash player or something like that. In casinos where everything is on blockchain (like some eth casinos) it will be a death warrant, because noone to pay 10 dollars (or some close amounts) for spin.

In games like poker people will just deposit and withdraw large amounts, i doubt that something will change for them.

Personally, i would stop, there enough cash gambling games and don't need to spend valuable bitcoin

Shasha80

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The increase in the price of Bitcoin did not stop me from playing gambling, because I really like gambling, so whatever happens I will
continue to play gambling. Even the increase in the price of Bitcoin can provide benefits if we win the amount of money we make will
be much greater. The most important thing in playing gambling is that we have to know when to stop, as long as we can control the
capital we use in playing gambling. The increase in the price of Bitcoin should not be a reason to stop playing gambling.

2double0

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Quote from: ChiBitCTy on October 30, 2020, 02:32:50 PM

<<>> "Wont the fees distract you"..this doesn't even come in to play here. How do we even know what fees will be then. Not sure this question is relevant.

Yes it is relevant because we can see how miners have stopped taking low satoshi fee transactions in their blocks and set their bars high. Why will this not happen when the level of greed will be much more bigger than today when it is not even at 1/10 of what I assumed? And I was talking about fees in USD, are you willing to pay $50 in a transaction to get it confirmed in the next block while sending $150 to the gambling website? You are filthy rich if your reply will be 'Yes' at that time.

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Quote from: Saint-loup on October 30, 2020, 04:37:35 PM

Quote from: nicomedya5 on October 30, 2020, 12:26:53 PM

If Bitcoin price reaches 150k dollars, I don't think that I will continue to bet. I have enough Bitcoin to be rich in a situation like that. I wouldn't need to bet anymore.

Be careful bro, don't underestimate the gambling fever.
Many gamblers are rich people, I would even say most of big players are rich people.
Love of gambling (or gambling addiction) is not a matter of money AFAIK.

Well, you can still gamble a little portion of it, maybe sats I think. By the timeniy reaches that pricenI think there would be less miners so the fees are also high so mking a bet with btc would be a pain in the ass.

Saint-loup

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Quote from: nicomedya5 on October 30, 2020, 12:26:53 PM

If Bitcoin price reaches 150k dollars, I don't think that I will continue to bet. I have enough Bitcoin to be rich in a situation like that. I wouldn't need to bet anymore.

Be careful bro, don't underestimate the gambling fever.
Many gamblers are rich people, I would even say most of big players are rich people.
Love of gambling (or gambling addiction) is not a matter of money AFAIK.

lebregone

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There are certain condition of course because if the bitcoin will reach a new ATH for example 150k$ and it's transaction fee will skyrocket also like it will range from 50$ and above then I will certainly avoid using bitcoin in gambling.

But I will just hope that the transaction fee of bitcoin will remain low even if it's price will reach a new ATH so we can still use it freely either in gambling or any transactions. High fees are very distracting of course, I guess most of us feel the same way especially if it will hurt our pocket that much.

FlightyPouch

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Yes, I will. I don't think that all of us would say no to this since gamblers would be gamblers. Even though the price rose to that value, that just means higher price with lower denomination. I have mBtcs in a casino site I am always gambling and as I said in the other thread, if you will not be looking at the price, that numbers won't change.

goldade

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The Standard Protocol - Solving Inflation

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.

Personally, I wouldn't gamble if bitcoin hit $150k. That's a huge sum of money and gambling it would violate my first rule of gambling which is 'Always gamble what you can afford to lose'. I might still be able to gamble using smaller amount of bitcoin (amounts I can afford to lose).
However, there's the issue of fees. Many claim they wouldn't gamble because of the high fees but it is noteworthy to know that the fees wouldn't matter much when you make winnings gambling. One would be glad enough to pay the fees to gamble or withdraw one's funds.

target

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Quote from: Oilacris on October 30, 2020, 02:56:21 PM

Quote from: ?? on ??

I am a gambler that based on the number of bitcoin on bets and not on its value. So maybe I would still gamble. The transaction fee is one of the biggest factors cause it is added to the cost of me to be able to gamble, I still might consider gambling despite the price as long as I see it's a pretty reasonable fee. If this kind of situation happens I think it's a common thing to see a cost hike.

If this scenario is given in the year 2015 when the bitcoin price is still premature, The thing will be the same. Gamblers will be gambling no matter the price of bitcoin is.

You're right!

Gamblers will always be gamblers no matter on what would be value of bitcoin on be that time.People will gamble and wont be minding if btc value is high.
Some will stick with btc accumulation or some will just stick out to their traditional ways where they do depend on the value.

Also one thing comes to my mind about fees where i doubt that we would really be paying up some serious value which would really be a hesistant thing
for most yet even if you are a hard gambler you wont really just let those fees be deducted into your balance unless if you are rich
then you wouldnt mind but for micro gamblers? Then this would be a serious thing for them.

In my case, i would still gamble if i do have the chance or bitcoin in my stash or even with altcoins.Gambling industry would be still alive
on the time bitcoin will be reaching out this level which is somewhat an imaginary presumption. Cheesy

It make sense to gamble and hope to get more BTC. $150K per BTC is a dream come true.

10,000 satoshi in the future could be more than $10 so why not. Why bother fees if you win big time, the fees will just be like dust.
A gambler will keep on betting til he lose it all and will also bet using ETH or any other coin after all prices of these tokens are also gonna go up.

Oilacris

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Quote from: ?? on ??

I am a gambler that based on the number of bitcoin on bets and not on its value. So maybe I would still gamble. The transaction fee is one of the biggest factors cause it is added to the cost of me to be able to gamble, I still might consider gambling despite the price as long as I see it's a pretty reasonable fee. If this kind of situation happens I think it's a common thing to see a cost hike.

If this scenario is given in the year 2015 when the bitcoin price is still premature, The thing will be the same. Gamblers will be gambling no matter the price of bitcoin is.

You're right!

Gamblers will always be gamblers no matter on what would be value of bitcoin on be that time.People will gamble and wont be minding if btc value is high.
Some will stick with btc accumulation or some will just stick out to their traditional ways where they do depend on the value.

Also one thing comes to my mind about fees where i doubt that we would really be paying up some serious value which would really be a hesistant thing
for most yet even if you are a hard gambler you wont really just let those fees be deducted into your balance unless if you are rich
then you wouldnt mind but for micro gamblers? Then this would be a serious thing for them.

In my case, i would still gamble if i do have the chance or bitcoin in my stash or even with altcoins.Gambling industry would be still alive
on the time bitcoin will be reaching out this level which is somewhat an imaginary presumption. Cheesy

ChiBitCTy

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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.

I don't see what changes if bitcoin does skyrocket past 150k per coin or whatever. If if it does appreciate that much, then I think I would be much more willing to gamble because I've got more money to do so. "Wont the fees distract you"..this doesn't even come in to play here. How do we even know what fees will be then. Not sure this question is relevant.

seleme

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Duelbits.com

Quote from: death69 on October 30, 2020, 02:07:42 PM

Quote from: nicomedya5 on October 30, 2020, 12:26:53 PM

If Bitcoin price reaches 150k dollars, I don't think that I will continue to bet. I have enough Bitcoin to be rich in a situation like that. I wouldn't need to bet anymore.

Its funny on how you currently try to make money with gambling. Even though I may not as wealthy as you are, I never consider gambling as a way to bring income to my daily life. I have some bitcoin in my private pocket which I save for the future purpose. It is pointless stopping gambling if I become a rich person, in my opinion. My mindset about gambling is a way to give me joyful, happiness and entertainment. And If you think gambling as a way of making money, you will soon ruin all of your penny in this game of chance

Try to find a stable job. It might help you than gambling Wink

1 BTC is still 1 BTC no matter what the price it is traded on global markets. The fees will be higher than the average rate, so wasting a big part of the holdings in transactions is not the proper way to spend life-time crypto earnings. Anyway, I agree with the last opinion, the gambling is not there for making someone rich or feeding the family with making big bucks. Usually, land casinos prefer to have 1 gambler with a big bankroll rather than 1000 customers with small chips. That is why only 2 or 3 low limit tables are on casinos while there are more in the VIP area of the same casino.

AbuBhakar

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🇵🇭

Quote from: ecnalubma on October 30, 2020, 01:35:20 PM

No, I don’t really have too much appetite for gambling and I’d rather re-invest my earnings in some meaningful investments. No doubt fees might also skyrocket, I hope the network is ready for massive bullrun. We could be really making serious money this year, focusing on the market first at the moment.

It will be fun to still play but the money I should used in gambling should came from other source of income maybe from trades or from other reward since price is too high to risk too much in gambling. But for sure still many will take their chance to still play no matter how high the fees are especially if they are really into gambling.

cabron

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If you are into gambling, no matter how much btc will be, you will still gamble. I would probably still keep trying my own strategy even after losing several times and ended up losing it all. The thought of beating the house is actually exciting, I bet every gambler also have this in mind. $150K or $500K it doesn't matter. What really matters is what you have in your wallet.

death69

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Quote from: nicomedya5 on October 30, 2020, 12:26:53 PM

If Bitcoin price reaches 150k dollars, I don't think that I will continue to bet. I have enough Bitcoin to be rich in a situation like that. I wouldn't need to bet anymore.

Its funny on how you currently try to make money with gambling. Even though I may not as wealthy as you are, I never consider gambling as a way to bring income to my daily life. I have some bitcoin in my private pocket which I save for the future purpose. It is pointless stopping gambling if I become a rich person, in my opinion. My mindset about gambling is a way to give me joyful, happiness and entertainment. And If you think gambling as a way of making money, you will soon ruin all of your penny in this game of chance

Try to find a stable job. It might help you than gambling Wink

goinmerry

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Choose the BTC1:BTC1 on the poll.

The reason is, I've never gambled with the use of my fiat. Ups or downs, bull or bear, I don't care for what's the trend that currently happening in Bitcoin. I think I already mentioned in other thread that I have some BTC in reserves thru my effort since I enter the crypto and some portions of it are used in my gambling habit.

I even become more excited if bitcoin will be on the rise as it makes me more pumped to always win on my gambling bets no matter what.

pankowri

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$CYBERCASH METAVERSE

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.

I can not answer it surely because I don't know that situation. But I can expect that I may use small funds for gamble. But I will not stop it after increasing the BTC price at any time. The price of Bitcoin can be increased soon shortly and for that the fee will be higher as of now. So I will spend a small amount on gambling but I have no intention to stop it.

ecnalubma

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No, I don’t really have too much appetite for gambling and I’d rather re-invest my earnings in some meaningful investments. No doubt fees might also skyrocket, I hope the network is ready for massive bullrun. We could be really making serious money this year, focusing on the market first at the moment.

South Park

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I am terrible at Fantasy Football!!!

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.

Yes I will still gamble but I will reduce the size of my bets to reflect this, in the scenario you are suggesting in which bitcoin reaches 150k that is more than 10x the current price so I will bet only a tenth of what I currently bet on bitcoin terms and basically my bets will be the same size when it comes to fiat terms, this will help get my gambling under control and also I will be able to take advantage of that huge movement the market is going through in the scenario you are presenting, so it is a win-win, I still get to gamble as much as I usually do and make money with my bitcoin in the process.

ongkok87

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That can go in different directions. If the bitcoins has risen so badly, then I see no reason to gamble. After all, you want to gamble to make money, and what could be nicer to make money from bitcoin if it rises by itself. However, it can also go down. In that case you are still gambling because the price is going in all directions.

Topic: If btc > $150k, will you still gamble it? - page 5. (Read 1822 times)