Is it worth using bitcoins anymore for gambling ? - page 2.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Bitcoin_Delivery on August 09, 2017, 09:27:18 AM

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

Yeah i don't think it matters whether you're using btc or fiat since most likely, we'll be thinking of bitcoin's fiat equivalent when we gamble with it. So it's really the same.

Bitcoin_Delivery

hero member

Activity: 952

Merit: 500

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

BlockEye

legendary

Activity: 1148

Merit: 1097

Bounty Mngr & Article Writer https://goo.gl/p4Agsh

Quote from: fullypak on August 09, 2017, 03:25:30 AM

Quote from: daringdiscovered on August 08, 2017, 10:30:48 PM

Quote from: TropicalDog17 on August 08, 2017, 06:51:20 AM

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 it's a problem. If the bitcoin's price goes up, just lower your base bet and vice versa. bitcoin is just a currency, and it should be considered as cash, at least in gambling

The minimum bet won't change, but the amount of the minimum bet if you are going to convert it into fiat is going change since the bitcoins price is keep on going up. The gambling site could make more huge bankroll just because of this price increasing of bitcoin, so if you have enough money to make a gambling site, then make one, but of course, everything must be planned before implementing it.

Correct the Bitcoin price will affect if we use it in gambling. We will place a bet based on the price of the bitcoins. We will fix one amount in our mind but if the price increase means it's not possible especially low amount bets. So alt coins are best to do online gambling. Playing gambling with Bitcoin is not worth.

Since btc value now when converted into fiats were really huge amount to used in gambling. Plus that btc value keeps on increasing so we better hold it and we can play on alts that are avilable to us but if only btc we have then still can play with it ,this were almost all casinos accepted first we just hope that we win and limits pur beta as much as we could.

fullypak

legendary

Activity: 1456

Merit: 1005

Quote from: daringdiscovered on August 08, 2017, 10:30:48 PM

Quote from: TropicalDog17 on August 08, 2017, 06:51:20 AM

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 it's a problem. If the bitcoin's price goes up, just lower your base bet and vice versa. bitcoin is just a currency, and it should be considered as cash, at least in gambling

The minimum bet won't change, but the amount of the minimum bet if you are going to convert it into fiat is going change since the bitcoins price is keep on going up. The gambling site could make more huge bankroll just because of this price increasing of bitcoin, so if you have enough money to make a gambling site, then make one, but of course, everything must be planned before implementing it.

Correct the Bitcoin price will affect if we use it in gambling. We will place a bet based on the price of the bitcoins. We will fix one amount in our mind but if the price increase means it's not possible especially low amount bets. So alt coins are best to do online gambling. Playing gambling with Bitcoin is not worth.

daringdiscovered

hero member

Activity: 700

Merit: 500

Quote from: TropicalDog17 on August 08, 2017, 06:51:20 AM

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 it's a problem. If the bitcoin's price goes up, just lower your base bet and vice versa. bitcoin is just a currency, and it should be considered as cash, at least in gambling

The minimum bet won't change, but the amount of the minimum bet if you are going to convert it into fiat is going change since the bitcoins price is keep on going up. The gambling site could make more huge bankroll just because of this price increasing of bitcoin, so if you have enough money to make a gambling site, then make one, but of course, everything must be planned before implementing it.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

its too worth if using bitcoin for gambling because i think its better to use altcoin because there is many option that we can used or we can buy altcoin in exchanges and then we can send the altcoin into gambling place. beside that, in this conditions now, its better to hold and save our bitcoin because the price still increasing its a good time to sell our bitcoin.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

It is worth it to use bitcoin in gambling. It all started there and it will always be remaining in the number 1 choice of every gambler. No way to think about bitcoin to be not worth it anymore upon using it for bitcoin gambling. You just have to make sure that you can afford to lose the amount you are gambling.

Barbarian

sr. member

Activity: 728

Merit: 250

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.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: emberbekas on August 08, 2017, 07:05:13 AM

Quote from: TropicalDog17 on August 08, 2017, 06:51:20 AM

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 it's a problem. If the bitcoin's price goes up, just lower your base bet and vice versa. bitcoin is just a currency, and it should be considered as cash, at least in gambling

Usually there's minimum bet in sportsbook and with the price increase maybe such minimum bet will be too big for some people. But I am sure, most casinos will decrease it to reflect the price changing. So, using bitcoin shouldn't be a problem.

Bitcoin shoudn't be a problem for a gamblers therefor gamblers who want to become anonymous with there identity will help them more to hide and free to play with bitcoin unless they want to pay extra fees just to go to physical gambling where they can be charge lots bitcoin has also potential to grow it self and become increase more than the original price .

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: TropicalDog17 on August 08, 2017, 06:51:20 AM

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 it's a problem. If the bitcoin's price goes up, just lower your base bet and vice versa. bitcoin is just a currency, and it should be considered as cash, at least in gambling

Usually there's minimum bet in sportsbook and with the price increase maybe such minimum bet will be too big for some people. But I am sure, most casinos will decrease it to reflect the price changing. So, using bitcoin shouldn't be a problem.

TropicalDog17

member

Activity: 308

Merit: 10

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 it's a problem. If the bitcoin's price goes up, just lower your base bet and vice versa. bitcoin is just a currency, and it should be considered as cash, at least in gambling

Vikingr

hero member

Activity: 798

Merit: 500

Quote from: milewilda on August 07, 2017, 03:24:51 AM

Quote from: Ziskinberg on August 07, 2017, 03:16:13 AM

Quote from: EdenHazard on August 07, 2017, 02:26:17 AM

Quote from: erpbridge on August 04, 2017, 11:32:39 PM

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.

I have no problem with the fee as long as the network will be faster, bitcoin's price will continue to rise and fees will follow but with the convenience it gives to us we do not think of the fees already. And with the segwit implementation that network will be faster and fees will be lesser so I am looking forward it will make us happy as we continue to support bitcoin.

Fees might affect or not a certain gambler because there are really times that we do pay up high fee but still we do need to wait for hours just like i did experience on previous months as far as i remember but same as you said fees wont really matter at all as long we can able to make fast confirmation transactions and also if we do have enough winnings those fees wont really bother at all.

Definitely if the profit is greater than investments, transaction fees are nothing then. Bitcoins’ transaction fees do sometimes become hurdle in order to pursue with gambling. In short, I believe that using bitcoins for gambling is nothing to be worried about.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Ziskinberg on August 07, 2017, 03:16:13 AM

Quote from: EdenHazard on August 07, 2017, 02:26:17 AM

Quote from: erpbridge on August 04, 2017, 11:32:39 PM

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.

I have no problem with the fee as long as the network will be faster, bitcoin's price will continue to rise and fees will follow but with the convenience it gives to us we do not think of the fees already. And with the segwit implementation that network will be faster and fees will be lesser so I am looking forward it will make us happy as we continue to support bitcoin.

Fees might affect or not a certain gambler because there are really times that we do pay up high fee but still we do need to wait for hours just like i did experience on previous months as far as i remember but same as you said fees wont really matter at all as long we can able to make fast confirmation transactions and also if we do have enough winnings those fees wont really bother at all.

Ziskinberg

hero member

Activity: 2926

Merit: 636

Quote from: EdenHazard on August 07, 2017, 02:26:17 AM

Quote from: erpbridge on August 04, 2017, 11:32:39 PM

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.

I have no problem with the fee as long as the network will be faster, bitcoin's price will continue to rise and fees will follow but with the convenience it gives to us we do not think of the fees already. And with the segwit implementation that network will be faster and fees will be lesser so I am looking forward it will make us happy as we continue to support bitcoin.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: erpbridge on August 04, 2017, 11:32:39 PM

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.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: michaelch on August 04, 2017, 09:18:45 AM

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 think it is good to consider investing in bitcoin but using cash to gamble. That way you have some sort of investment in bitcoins while you have some stable currency for gambling.

Prices of bitcoin is rising and it reached 3170$ per btc. So if you had gamble with btc say at 2800$ today it would have worth 3160 and if you had played with cash it would have still remain same. SO this justify that playing in cash is much better than playing in btc from now onwards. The demand seems to rising now and so is the price.

hovrah

sr. member

Activity: 756

Merit: 250

Quote from: erpbridge on August 04, 2017, 11:32:39 PM

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.

It seems to me that enough is already enough that a gambler brings money into a game of chance. And Bitcoin is better left to the future, As a guarantee that a person gambling will not be left without a penny in his pocket. The fact is that gambling is very cruel and it does not leave any financial opportunities for a person. Therefore Bitcoin should be the guarantor of your financial stability.

erpbridge

legendary

Activity: 954

Merit: 1000

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.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: michaelch on August 04, 2017, 09:18:45 AM

I think it is good to consider investing in bitcoin but using cash to gamble.

I beg to differ, where you say it is good to gamble with cash. Gambling with bitcoins is mush easier and hassle free. You won't need to go through lot of troubles if you use bitcoins. Instant gambling with most of the sites requiring no verification!

naidray

legendary

Activity: 1232

Merit: 1029

Quote from: michaelch on August 04, 2017, 09:18:45 AM

I think it is good to consider investing in bitcoin but using cash to gamble. That way you have some sort of investment in bitcoins while you have some stable currency for gambling.

People do gamble with bitcoin because only with bitcoin payments they are enjoying certain benefits. I am not sure we can get those benefits with cash payments to gambling. Moreover gambling sites are hating bank cards/PayPal kind of payment methods due to increased abuse by reversing after enjoying gambling.

Topic: Is it worth using bitcoins anymore for gambling ? - page 2. (Read 2734 times)