Is it worth using bitcoins anymore for gambling ? - page 3.

michaelch

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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 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.

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Quote from: BlockEye on August 03, 2017, 09:56:07 AM

Quote from: jualidbitmixer on August 03, 2017, 07:19:56 AM

Well, one of the weakness of gambling using bitcoin is the price that always changed every minute. But as a gambler, i'm not always care about the price. I mean, if i can win more bitcoins on gambling it will be more important than the price itself and for me bitcoin is still worth for gambling.

Bitcoin price volatility is not an issue for the casino because the payout for all the winnings is in bitcoin too so it means that fiat value is not major issue. The second point it as long as they have a regular player which spends a sufficient volume then their casino will still run.

Yeah you're not talking about the dollar rate of btc when you gamble. If you've been gambling with btc before, pretty much it would be the same as now. The risks are the same and you're either going to lose or win the same amount of btc regardless of its exchange rate.

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Quote from: jualidbitmixer on August 03, 2017, 07:19:56 AM

Well, one of the weakness of gambling using bitcoin is the price that always changed every minute. But as a gambler, i'm not always care about the price. I mean, if i can win more bitcoins on gambling it will be more important than the price itself and for me bitcoin is still worth for gambling.

Bitcoin price volatility is not an issue for the casino because the payout for all the winnings is in bitcoin too so it means that fiat value is not major issue. The second point it as long as they have a regular player which spends a sufficient volume then their casino will still run.

Oilacris

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Quote from: roadbits on August 03, 2017, 07:28:27 AM

Quote from: Hikol on August 03, 2017, 07:13:12 AM

Sure, I use only online casinos where I can play for Bitcoin. It is very important for me, I have to say. I mostly gamble at BtcSpin because they allow fast diposits and withdrawals for me which is very cool. Where do you gamble mostly, guys?

Where people comfort to play there, they can play. For you, Btcspin and me Bitlser like for others where they find comfort and some people will lucky in the particular site if they play on another site they will lose. This kind of gamblers also we have. I usually play with Bitcoins. For sports betting I use bitcoins and slot games I will use now dogecoin. Bitlser made easy to convert BTC to Doge in their site so that I will convert and play.

Some gamblers do really have this kind of behavior or habit on which they would really play on a casino on which they would able to see that they are lucky on playing their and we do know that Bitcoin currency is the most common thing that is being used on playing gambling on which once you deposit you can directly play without the need on converting on other alts but there are advantages on using altcoins which other gamblers do really still use it.

roadbits

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Quote from: Hikol on August 03, 2017, 07:13:12 AM

Sure, I use only online casinos where I can play for Bitcoin. It is very important for me, I have to say. I mostly gamble at BtcSpin because they allow fast diposits and withdrawals for me which is very cool. Where do you gamble mostly, guys?

Where people comfort to play there, they can play. For you, Btcspin and me Bitlser like for others where they find comfort and some people will lucky in the particular site if they play on another site they will lose. This kind of gamblers also we have. I usually play with Bitcoins. For sports betting I use bitcoins and slot games I will use now dogecoin. Bitlser made easy to convert BTC to Doge in their site so that I will convert and play.

jualidbitmixer

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Well, one of the weakness of gambling using bitcoin is the price that always changed every minute. But as a gambler, i'm not always care about the price. I mean, if i can win more bitcoins on gambling it will be more important than the price itself and for me bitcoin is still worth for gambling.

Hikol

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Sure, I use only online casinos where I can play for Bitcoin. It is very important for me, I have to say. I mostly gamble at BtcSpin because they allow fast deposits and withdrawals for me which is very cool. Where do you gamble mostly, guys?

jikurpa

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I am not concerned about rate on bitcoin if used for gambling. Because gamblers not keep bitcoin too long in gambling wallet.

TrumpD

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Yes, the volatility is an issue if you are thinking in ($) USD, If you are aiming to earn more btc with gambling then the volatility wouldn't matter.

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Quote from: Oo ako to on August 01, 2017, 08:57:07 PM

Yes. Imagine that you won 1 bitcoin and its value right now is $2000. After a year it became $4000. Betting with bitcoin is more profitable than fiat because it is rising every now and then. Just continue to win and keep those bitcoins because it will make you filthy rich someday.

You should imagine the worst possibilty as well because its value can be down to the hell, who knows? It is OK to believe that bitcoin will reach $4000 in a year but dont be too confident. Imagine if it drop down back to $100? Of course we wont hope that, but anything is possible in this crypto world.

wildflower18

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Quote from: Oo ako to on August 01, 2017, 08:57:07 PM

Yes. Imagine that you won 1 bitcoin and its value right now is $2000. After a year it became $4000. Betting with bitcoin is more profitable than fiat because it is rising every now and then. Just continue to win and keep those bitcoins because it will make you filthy rich someday.

Depends on the person who gamble. It is worth for me using bitcoin for gambling if at the end Im lucky enough to win game. I must say worth it all if Im winning the game even price is rising and much better than fiat.

Oo ako to

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Yes. Imagine that you won 1 bitcoin and its value right now is $2000. After a year it became $4000. Betting with bitcoin is more profitable than fiat because it is rising every now and then. Just continue to win and keep those bitcoins because it will make you filthy rich someday.

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Quote from: Babyrica0226 on July 31, 2017, 11:23:29 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.

This will depend in the players on gambling of course. Gambling for me in my opinion it will become worth only if my fortune will always depend in luck especially if I win, well that's the time I could says its profitable anyway.

yes that is right that it is different from person to person. to when the price of bitcoin increases then i decrease the amount of money that i have spare for gambling, because i mostly convert my money in to bitcoin to play gambling with therefore i most keep my limit for playing gambling.

Babyrica0226

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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.

This will depend in the players on gambling of course. Gambling for me in my opinion it will become worth only if my fortune will always depend in luck especially if I win, well that's the time I could says its profitable anyway.

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Yes it's worth to gamble with bitcoins, I don't see why price of bitcoin is important. Simply you know how much bitcoins you have and by your bankroll you determine your bets. There is other way, you know how much you can spent in dollars but in this way when ever the price is rising you need to lower the bets and you are on the same.
I support what other people say, bitcoin price can go up but then our win is higher in dollars. That is great for long term gamblers, addition to that if you save a bit from every win one day you will have thousands maybe millions in that saving.

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Quote from: just_Alice on July 28, 2017, 01:57:17 AM

Quote from: boyptc on July 27, 2017, 02:29:59 PM

Quote from: traderethereum on July 25, 2017, 10:24:39 PM

Quote from: boyptc on July 25, 2017, 09:35:46 PM

Quote from: just_Alice on July 24, 2017, 08:11:28 AM

Quote from: boyptc on July 24, 2017, 12:59:27 AM

It is still worth to use bitcoins because the value has increased and satoshi's will still be on the same track. Before you are thinking that 0.005 BTC is still a cheap amount of bitcoin but right now the price is high and you may think it's gold and you can now reduce it to lower amount. But if you don't want to do this, you can just simply use alt coins.

I can see no point in using other altcoins. As you said yourself we can reduce our bets to lower amounts in BTC. Using other altcoins may arise confusion since we are used to BTC, I rather wouldn't do that.

There's no confusion if a gambler decided to use alt coins. Since the casino's are accepting alt coins for now there's no confusion with it. And if you think that it's not worth to spend bitcoins for your bets then don't bet with it. Just bet with what you feel what is better.

i will playing with altcoin because for me, bitcoin is really worth for just playing gambling. beside that, there is many altcoin which have cheap price like dogecoin that we can use as the bets. i think in future, there will be many altcoin is using for a bets in gambling site so we don't have to just use bitcoin for bets the games.

You are playing with alt coin and saying that bitcoin is worth you just for playing gambling? I can't understand you are supporting and saying that you play with alt coin because bitcoin is worth it for "just" only playing gambling. Not just in future there will be a lot of alt coins, look at the market already, there are hundreds of it.

I haven't understood that either. I think the main problem of posts like that by traderethereum is that apart from bad English they are not even trying to make their posts readable, they never double check what they have written.

Indeed there are hundreds, in fact there are more than one thousand altcoins already. But I don't think any of them is better than bitcoin to use for gambling.

I'm not into grammar or what he just needs to make his points clear in able for others to be understand what's he's implying to say. And getting back with crypto's no other crypto's can out power bitcoin, this is the king of the hill of crypto currencies and it is always worth to use it whether with gambling, trading or any transactions.

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Quote from: Pettuh4 on July 31, 2017, 01:08:30 AM

Quote from: LieTOme on July 31, 2017, 12:04:43 AM

For me bitcoin used for gambling is fair. Because the bitcoin itself is anonymous to make nobody know who the gambler is. Excess with a deposit using bitcoin does not need an identity

I agree with you but I hope they will solve the scaling issues as we draw towards the eve of the activation so that we can use it even more for our gambling activities.

I believe after segwit only tx fees may get reduced (it seems already a lot of improvement in reducing tx fees as only less than 5k transactions are in mempool unconfirmed now a days). But the value of bitcoin will remain same to make us to have secondary thoughts about gambling with least amounts like 1000 satoshi or even 100 satoshi.

Before people do spend 0.001 for gambling more freely but now it values more than $2.5 so throwing away ~$2 is bit hard to anyone imho.

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Quote from: streazight on July 27, 2017, 02:26:58 PM

Quote from: RealPhotoshoper on July 27, 2017, 06:11:17 AM

Quote from: illicit on July 26, 2017, 01:39:20 PM

Yeah the fee is too high if you just want to have fun in some gambling sites.
Sending bitcoin right now has too much fee and also withdrawing some so I really don't think that I could still use bitcoin just for fun in gambling.

It is still worth , as the easy access that bitcoin given you will never see it in fiat.
Move your funds easily from a casino to other casinos within a couple of minutes only.
High fee counted because of the high price of bitcoin itself , we are still working on this right?

Yes, regardless of whatever value bitcoin will be having, when considering the benefits we can enjoy with the bitcoin gambling against fiat gambling, will make any gambler to continue their bitcoin gambling even in the case of that they are spending more money.

I believe, in near time, gambling houses may go for enabling us to gamble with lesser than one satoshi also. If it is coming into practice, we will not feel that bitcoin gambling as an expensive one.

Yeaaa those people who talking about how gamble using bitcoin is not worth anymore is the one who have narrow minded.
I mean when you really know how bitcoin works you won't feel it as a big deal.
It is even give them a lot of advantage , people just not yet get used to it.

Rajamuda

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It's ok i think. It seems like i don't think it's a problem, as long as there is luck in playing it is will be profitable for surely. Bitcoin is used for whatever it depends on a person's desire to use it, more fortunate the ways they chooses through which bitcoin they owns can produce more and more profitable when they used.

Pettuh4

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Quote from: LieTOme on July 31, 2017, 12:04:43 AM

For me bitcoin used for gambling is fair. Because the bitcoin itself is anonymous to make nobody know who the gambler is. Excess with a deposit using bitcoin does not need an identity

I agree with you but I hope they will solve the scaling issues as we draw towards the eve of the activation so that we can use it even more for our gambling activities.

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