Topic: Is it worth using bitcoins anymore for gambling ? (Read 2758 times)
Nope , it ain't , since when betting and losing you'll lose the amount you betted with and the potential value gained in time since BTC value is in constant decrease .
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
Almost all gambling site in this industry are using bitcoin to make all the gamblers/players be able to play inside the site. And I don't see any wrong with because most of the owner of gambling site are using bitcoin due to they can avoid taxes to their business. That's what I think about it. Crypto coin is a whole lot easier to gamble with for some of us. With bitcoin It is possible to gamble anonymously, and quickly. I would say it's much more convenient. The crypto coin gambling sites aren't under regulation and such things.
The concern would be the transaction fee when sending bitcoin to the gambling site and the value or worth of your fiat converted to bitcoin though its still your control but the numbers of bet that you can be done with smaller value in bitcoin but my position still remain that bitcoin is really an easy passage way to gamble online. I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
this is why i am not feel good if using bitcoin because of the fluctuation for the price. i think there is any gambling site with altcoin for place betting. and if we found any good gambling site with altcoin for betting, then i think we can trying with small amount first to see how lucky we are and if everything good then we can try with big bets.
I am not sure that your luck will change if you change the casino site to play. And now already all sites are starting to accept altcoins to play gambling. Becasue players are not spending their bitcoins to play gambling. The value is high, so casinos also understand this and allowing people to play with altcoins. Except for few casinos, all casinos will accept altcoins.
People who are making great efforts in earning even a small part of bitcoins will never prefer to risk their bitcoins by loosing it in gambling as everyone is well aware how hard it takes to earn bitcoins so a smart person will never waste his coins in gambling and will prefer to invest it in trading from where he can make good sum of money on timely basis.
The problem is that there are people who are using their hard earned money in gambling because they think there are strategies giving full profit on long term. So they "invest" all their money in a big Dice bankroll and start betting with different strategies, increasing the bet on losses until they lose all their money. Only after they discover gambling is unprofitable on long term they stop doing this, but then it's too late, as they have already lost all their hard earned money... If the intention is to keep wealth, just hold Bitcoins, worth much more than gamble with this.
But if money isn't a problem for you, keep gambling and having fun.
Crypto coin is a whole lot easier to gamble with for some of us. With bitcoin It is possible to gamble anonymously, and quickly. I would say it's much more convenient. The crypto coin gambling sites aren't under regulation and such things.
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
this is why i am not feel good if using bitcoin because of the fluctuation for the price. i think there is any gambling site with altcoin for place betting. and if we found any good gambling site with altcoin for betting, then i think we can trying with small amount first to see how lucky we are and if everything good then we can try with big bets.
I am not sure that your luck will change if you change the casino site to play. And now already all sites are starting to accept altcoins to play gambling. Becasue players are not spending their bitcoins to play gambling. The value is high, so casinos also understand this and allowing people to play with altcoins. Except for few casinos, all casinos will accept altcoins.
People who are making great efforts in earning even a small part of bitcoins will never prefer to risk their bitcoins by loosing it in gambling as everyone is well aware how hard it takes to earn bitcoins so a smart person will never waste his coins in gambling and will prefer to invest it in trading from where he can make good sum of money on timely basis.
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
this is why i am not feel good if using bitcoin because of the fluctuation for the price. i think there is any gambling site with altcoin for place betting. and if we found any good gambling site with altcoin for betting, then i think we can trying with small amount first to see how lucky we are and if everything good then we can try with big bets.
I am not sure that your luck will change if you change the casino site to play. And now already all sites are starting to accept altcoins to play gambling. Becasue players are not spending their bitcoins to play gambling. The value is high, so casinos also understand this and allowing people to play with altcoins. Except for few casinos, all casinos will accept altcoins.
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
this is why i am not feel good if using bitcoin because of the fluctuation for the price. i think there is any gambling site with altcoin for place betting. and if we found any good gambling site with altcoin for betting, then i think we can trying with small amount first to see how lucky we are and if everything good then we can try with big bets.
I am not sure that your luck will change if you change the casino site to play. And now already all sites are starting to accept altcoins to play gambling. Becasue players are not spending their bitcoins to play gambling. The value is high, so casinos also understand this and allowing people to play with altcoins. Except for few casinos, all casinos will accept altcoins.
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
As far as I know most of the gambling site now in this industry are using bitcoin as payment. I just don't understand exactly what your trying to intend on this things. Even the the price value is upside down, whatever kind of games you are playing for you can still bet at small amount of satoshi so that you can minimize your loss anyway.If someone is smart then he can get the benefit also instead of just giving it away. The price of bitcoin will rise in future and it may even touch 7k dollars by the end of this year. Even if he uses little satoshis, he is still in loss.
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
As far as I know most of the gambling site now in this industry are using bitcoin as payment. I just don't understand exactly what your trying to intend on this things. Even the the price value is upside down, whatever kind of games you are playing for you can still bet at small amount of satoshi so that you can minimize your loss anyway. I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
this is why i am not feel good if using bitcoin because of the fluctuation for the price. i think there is any gambling site with altcoin for place betting. and if we found any good gambling site with altcoin for betting, then i think we can trying with small amount first to see how lucky we are and if everything good then we can try with big bets.
I am not sure that your luck will change if you change the casino site to play. And now already all sites are starting to accept altcoins to play gambling. Becasue players are not spending their bitcoins to play gambling. The value is high, so casinos also understand this and allowing people to play with altcoins. Except for few casinos, all casinos will accept altcoins.
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I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
this is why i am not feel good if using bitcoin because of the fluctuation for the price. i think there is any gambling site with altcoin for place betting. and if we found any good gambling site with altcoin for betting, then i think we can trying with small amount first to see how lucky we are and if everything good then we can try with big bets.
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
I feel my bankroll management and savings all are highly unstable. Can go up or down by storing money in bitcoin to gamble. Some form of betting like poker requires good bankroll management and with value changing everyday, I don't see bitcoin as a good use for poker players and sportsbettors.
I don't think that it is big problem. When bitcoin price go to high then do small bet and when bitcoin price go to down than do bet with big price. It is depend on you, how to use your bankroll and manage it with bitcoin price. Actually, it is matter for poker and sport betting gamblers, So if we have control on our bankroll and use small and big bet with the price of bitcoin, than may be we will handler it.
Worth or unworthy of Bitcoin is used for gambling again it's in my opinion depending on each person who owns it and use it to gambling again or not. Perhaps for those who have often used bitcoin for gambling, is worth it like as usual with the target or strategy it has to playing again in gambling it. But for who not too addiction to gambling it seems will being a lot of consideration to using it again for gambling.
Yeah of course to those who were addicted with it I guess they don't really care on how that mode of gambling will be as long as they wanted what they desire for. That's an advantage compared with fiat gambling because it's handy and not like cash type of money like in our country those kock fighting gamblers who directly use that fiat cash money.
I think that it is possible to allocate a few bitcoins for gambling, but it is necessary to play with the mind not to lose precious coins and, in case of a win, to increase the number of coins.
This does not matter. I think using bitcoin for gambling is easy. Because then we do not have to bother our identity. And when payout is very fast
Wouldn't you rather use another altcoin which is equally easy, you don't have to worry about your identity and the payout and the blockchain confirmation is even faster, plus there isn't a 4$ fees like bitcoin does.
Right now the price of bitcoin is 3100. Which makes the fees around 4$. Even worse reason for using bitcoin to gamble. I feel to find a viable use in the future, the protocol needs to work on decreasing the fees to take care of the high fees.
high value come with high fee , sounds like fair enough isn't it .now the problem are the transaction won't really worth if you do it in smaller amount . you can still use low fee but yes it takes days to be confirmed which it is never be a good situation. bitcoin aren't worth anymore for those people who are not a high roller , that is what i think.
just be a little bit more patient waiting for that time to come , and there won't be a words like "is it worth or not" anymore.
It depends, if you use bitcoin only for buying products and services then using bitcoin to gamble is a great option, but if you are an investor that is looking to improve his profits then the best thing you can do is too no longer use your bitcoin to gamble.
the point of this topic actually discussing about how high the value bitcoin , how the volatile price effecting your winning value . current and the future value , as when you have 1 bitcoin worth $1,000 make it double to 2 bitcoin but the price gets dropped half which means $500 per 1 bitcoin so your 2 bitcoin now have $1,000 value. it's feel like useless and wasting time indeed when the drops happened. just luckily the price recently keep increasing.In my opinion it is not worth it to gamble out your bitcoins because of the reasons that you just stated. The price of bitcoin tomorrow might be higher compared today. But either fiat or bitcoin, it is better to gamble your cash due to its constant price and easier access compared to bitcoin. Lastly, gambling out your bitcoins will only result to a negative impact on your part since fiat is easier to get compared to bitcoin.
It depends, if you use bitcoin only for buying products and services then using bitcoin to gamble is a great option, but if you are an investor that is looking to improve his profits then the best thing you can do is too no longer use your bitcoin to gamble.
the point of this topic actually discussing about how high the value bitcoin , how the volatile price effecting your winning value . current and the future value , as when you have 1 bitcoin worth $1,000 make it double to 2 bitcoin but the price gets dropped half which means $500 per 1 bitcoin so your 2 bitcoin now have $1,000 value. it's feel like useless and wasting time indeed when the drops happened. just luckily the price recently keep increasing. Jump to: