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

gabmen

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Quote from: Bitcoin_Delivery on August 09, 2017, 08:27:18 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

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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

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Quote from: fullypak on August 09, 2017, 02:25:30 AM

Quote from: daringdiscovered on August 08, 2017, 09:30:48 PM

Quote from: TropicalDog17 on August 08, 2017, 05:51:20 AM

Quote from: erpbridge on July 20, 2017, 07:29:10 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.

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Quote from: daringdiscovered on August 08, 2017, 09:30:48 PM

Quote from: TropicalDog17 on August 08, 2017, 05:51:20 AM

Quote from: erpbridge on July 20, 2017, 07:29:10 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

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Quote from: TropicalDog17 on August 08, 2017, 05:51:20 AM

Quote from: erpbridge on July 20, 2017, 07:29:10 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

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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

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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

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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.

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Quote from: emberbekas on August 08, 2017, 06:05:13 AM

Quote from: TropicalDog17 on August 08, 2017, 05:51:20 AM

Quote from: erpbridge on July 20, 2017, 07:29:10 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

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Quote from: TropicalDog17 on August 08, 2017, 05:51:20 AM

Quote from: erpbridge on July 20, 2017, 07:29:10 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

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Quote from: erpbridge on July 20, 2017, 07:29:10 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

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Quote from: milewilda on August 07, 2017, 02:24:51 AM

Quote from: Ziskinberg on August 07, 2017, 02:16:13 AM

Quote from: EdenHazard on August 07, 2017, 01:26:17 AM

Quote from: erpbridge on August 04, 2017, 10:32:39 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

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Quote from: Ziskinberg on August 07, 2017, 02:16:13 AM

Quote from: EdenHazard on August 07, 2017, 01:26:17 AM

Quote from: erpbridge on August 04, 2017, 10:32:39 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

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Quote from: EdenHazard on August 07, 2017, 01:26:17 AM

Quote from: erpbridge on August 04, 2017, 10:32:39 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

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Quote from: erpbridge on August 04, 2017, 10:32:39 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

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Quote from: michaelch on August 04, 2017, 08:18:45 AM

Quote from: erpbridge on July 20, 2017, 07:29:10 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.

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Quote from: erpbridge on August 04, 2017, 10:32:39 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.

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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.

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Quote from: michaelch on August 04, 2017, 08:18:45 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!

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Quote from: michaelch on August 04, 2017, 08:18:45 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 2758 times)