Is it worth using bitcoins anymore for gambling ? - page 10.

serjent05

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Quote from: erpbridge on July 20, 2017, 08:29:10 PM

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 cannot see any issue in using Bitcoin in gambling. I do not see any difference from using cryptocurrency and fiat money in terms of actual playing in the game. When you lost you lost regardless of the type of currency you are using. But in terms of easy transfer, it is worth using bitcoin since it does not require a third party like banks in transfering credits and we do not have to give out our identity just to play gambling games.

terrific

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If you worried about your bitcoins to be used in gambling try to gamble with some coins that are nonsense. There are a lot of casino's that are relying with alt coins and ready for acceptance of it.

moooonu

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There are alot of coins available these days to gamble and some are making their own websites for gambling their coins. But don't forget the alpha male of all conis "bitcoin". Bitcoin will always be one of the best and rarest coin.

piloder

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If you don't want to get affected by price volatility than you can store all your bitcoin in USDT when you don't gamble or bet and just move those USDT to BTC when you need it. 1 USDT price tends to remain 1 USD all time so you don't have to worry about losing anything in fiat value during huge price move.

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Quote from: erpbridge on July 20, 2017, 08:29:10 PM

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.

Because of bitcoins price fluctuation it changes ,Perhaps there are many altcoins which you can yusr instead of bitcoins that is accepted in the gambling house that you been played.

Colt22

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If you already have bitcoin in your wallet bought from your cash then after that if the price of it increases then it is benefit to you and if you will bet with that high value bitcoin then you will benefit in the terms that you will earn high value bitcoin and will earn more with your limited money which you invested in the start. While if the price come to lower then it is really a matter to think. I think in the future that issue will be solved.

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Quote from: erpbridge on July 20, 2017, 08:29:10 PM

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.

It all depends on you, i mean you see bitcoin as what? Currency or investment if you see bitcoin as currency maybe is not good choosing bitcoin for gambling because from your point of view the currency should be stable.

Shinpako09

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It will only be worth it if you are making a profit. With the value of btc we have this moment, it is sure worth it even .01BTC. If you are in a hurry coz of low amount of btc you're holding and want to get in at a high price, gambling is the only way.

noictib

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Quote from: erpbridge on July 20, 2017, 08:29:10 PM

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 you are right because here I am making money from such types of things , Holding the Bitcoin is more profitable but it all depends upon you that at which price you bought and holding in your wallet .
Here I myself have Bitcoin for long term investment when the price of the Bitcoin was at 1500$ and now see today I am at profit of around 60-70% and hopefully in the incoming years I will have 10-20 times more profit with this price that is going increasing .
And here in the bitsler like gambling online we can make big also but we need to do work with better stretagy because luck always not work when you are going in professional ways . Overall here I will not recommend anyone to play gambling like things to make money .

xuan87

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Most of the gamblers using Bitcoin because of the anonymity, and I don't see any problems regard to the volatility, if the price go up then I just bet smaller and if going down I bet bigger, it is just the matter on how you manage your bankroll, fluctuating is going to affect on your gambling bet but you still can play and enjoy your gambling

erpbridge

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Quote from: Pamadar on July 20, 2017, 10:58:09 PM

i think there's should no issue about your bankroll management even bitcoin value keep fluctuating because your base is your bitcoin money
so you can still manage the amount of your bitcoin to bet and you can still enjoy the only thing that i'm thinking is when you are buying bitcoin
so it will be hard when you buy it with high value and withdraw it when the value fall down.

But the real world value isn't in bitcoin but in fiat. When I wish to use that money I would eventually be converting it to fiat and will be risking volatility to destroy my bankroll or perhaps make it more. But either way, it becomes a gamble.

Pamadar

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i think there's should no issue about your bankroll management even bitcoin value keep fluctuating because your base is your bitcoin money
so you can still manage the amount of your bitcoin to bet and you can still enjoy the only thing that i'm thinking is when you are buying bitcoin
so it will be hard when you buy it with high value and withdraw it when the value fall down.

milewilda

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Quote from: erpbridge on July 20, 2017, 08:29:10 PM

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.

For me it doesnt really matter at all about bitcoins changing price since anytime you can able to set on dollar value regarding on your bets. The higher the value of bitcoins is really an advantage since you would only set lesser amounts of btc value,am i right? But well this thing does really depend on gamblers view about bitcoin if he would care too much on this matter.

chris200x9

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I don't think any issues because if BTC prices go up then I will bet a small amount of coins and if prices go low then they I will increase the bet amount. This is just based on what I'm doing but some people may have their own reasons not to use bitcoins but can use other altcoins to gamble. It all depends on individual preference.

erpbridge

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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.

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