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Topic: Is it worth using bitcoins anymore for gambling ? - page 4. (Read 2758 times)

sr. member
Activity: 658
Merit: 250
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
legendary
Activity: 2674
Merit: 1048
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'm agree with you, as I am owning a really small amount of Bitcoin to gamble, I find it worthless to gamble with Bitcoin as Gambling's profits are smaller than Bitcoin fees (I'm sure because I am using safe strategy to bet so that I get small profits)
you can not judge it one sided only , but think and look at wider view. it was not a strong reason for you to talk the transaction fee make your game not worth anymore . as in general people even feel have got a good impact with the bitcoin volatile .

as long as you smart enough to take an advantage from that situation.
sr. member
Activity: 402
Merit: 250
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.
Yes, people have different concepts on how they are going to manage their own styles in gambling. This is also why sometimes most gambler prefer to play with their bitcoins aside from it is hassle free it also doesn't need a lot of time to consume. Some gamblers also prefer to go to casino to play using fiat because they want to spend their time outside while some uses alternate coins to gamble. Some gambling sites also requires you to have a good bankroll.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
I do not spend my bitcoins on gambling, because that this is a very valuable investment that I do not want to lose on entertainment. The preservation of bitcoin will bring profit, and gambling in most cases will cause a loss.

If you don't see any worth to use bitcoin in gambling anymore.

You can choose a lot of alt coins and just keep your bitcoins for the next years to come as you are treating it as your investment.

hero member
Activity: 2996
Merit: 609
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'm agree with you, as I am owning a really small amount of Bitcoin to gamble, I find it worthless to gamble with Bitcoin as Gambling's profits are smaller than Bitcoin fees (I'm sure because I am using safe strategy to bet so that I get small profits)

Correct, I also gamble and I really do think that using bitcoin in playing gambling is a total waste of money. Bitcoin's market price is continuously pumping and I regret losing my bitcoins in gambling from the past months. If I could only turn back time, I would prefer using fiat money than bitcoin for those betting games that had cause me a lot. Anyways, I learned my lesson and I would prefer playing gambling with my family or friends to avoid those online gambling sites and to avoid using my bitcoin for betting. I still play online but I see to it that I also bet small amounts.
Feeling of regrets would really be feel by gamblers who do lost huge amounts of bitcoin back in the past on where they would think up on those lost bitcoin that it is already a big amount if you do convert as of todays price. We would really think of that we might be rich now if we didnt use those bitcoins on playing gambling but well its already late and theres nothing you can do now.
sr. member
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
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'm agree with you, as I am owning a really small amount of Bitcoin to gamble, I find it worthless to gamble with Bitcoin as Gambling's profits are smaller than Bitcoin fees (I'm sure because I am using safe strategy to bet so that I get small profits)

Correct, I also gamble and I really do think that using bitcoin in playing gambling is a total waste of money. Bitcoin's market price is continuously pumping and I regret losing my bitcoins in gambling from the past months. If I could only turn back time, I would prefer using fiat money than bitcoin for those betting games that had cause me a lot. Anyways, I learned my lesson and I would prefer playing gambling with my family or friends to avoid those online gambling sites and to avoid using my bitcoin for betting. I still play online but I see to it that I also bet small amounts.
full member
Activity: 308
Merit: 100
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'm agree with you, as I am owning a really small amount of Bitcoin to gamble, I find it worthless to gamble with Bitcoin as Gambling's profits are smaller than Bitcoin fees (I'm sure because I am using safe strategy to bet so that I get small profits)
hero member
Activity: 756
Merit: 505
I do not spend my bitcoins on gambling, because that this is a very valuable investment that I do not want to lose on entertainment. The preservation of bitcoin will bring profit, and gambling in most cases will cause a loss.

It is smart not to gamble if you are thinking bitcoin is an investment. However if you are indeed a gambler, bitcoins are the best currency to gamble with nowadays. Bitcoins are easy to gamble with since there is no prying eyes and it is easy to deposit and withdraw it without any problems. Unlike traditional methods with fiat, there is quite a lot of hassles.
full member
Activity: 173
Merit: 100
I do not spend my bitcoins on gambling, because that this is a very valuable investment that I do not want to lose on entertainment. The preservation of bitcoin will bring profit, and gambling in most cases will cause a loss.
sr. member
Activity: 536
Merit: 250
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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.
Actually, I don't have an idea with regards to gambling matters yet bitcoin is more preferable in trading than in gambling. But on the other way around, maybe it will work on gambling but not really sure on it. It really depends also with the kind of gambling you partake in. We all know that gambling is more on fun than investment. Just keep your horses when gambling something.
hero member
Activity: 1274
Merit: 622
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.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
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.
hero member
Activity: 910
Merit: 502
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.
sr. member
Activity: 574
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I really don't know anymore because of the rising price of bitcoin. Bitcoin would probably not the best choice in gambling anymore. You can't buy bitcoin in just a one call away because of the price. Some really use litecoin or eth in gambling.
legendary
Activity: 1050
Merit: 1001
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?
hero member
Activity: 1274
Merit: 622
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.

By confusion I meant confusion in our mind. We used to bitcoins and when we bet with it we can feel how much USD we actually risk, but with altcoins we can be confused in that regard. Careful with betting with those altcoins guys, they cost money too.
Bitcoin performs well in gambling, it always been,maybe I'm already used to it and haven't tried to do bets on other alts. But no matter what coins or alts it is when we bet we usually convert it to our own fiat or calculate it in our mind. Any can be used as long as were comfortable on it and we see more potential on it to win.

Well, seeing a bigger potential to win because of the using another crypto looks odd to me. How's that even connected, I mean the win chance and the type of altcoion you use? IMO it has nothing to do with the potential to win.
legendary
Activity: 2982
Merit: 1028
I always use bitcoin (sometimes alts) on online gambling since it is less hassle and less fees. And I don't like being questioned a lot if ever I can win large amounts. I was even asked once by one of our country's bitcoin exchange for my source of funds and some further explanations.
it is irritating when we need to explain ourselves that they seems not trusting us ,but if we think it can be for better tgen explain calmly, if they get inspired and wanted to learn how you earn it in clean way then teach them. Im using bitcoin too in playing more often than in other alts.
well its been a practice here in my country to question whether we are earning bitcoin coming from our gambling activity and if they find it out
they will freeze or suspend the account without further notice that's why i always use trading site to received my earnings out from my gambling
activity.
legendary
Activity: 1148
Merit: 1097
Bounty Mngr & Article Writer https://goo.gl/p4Agsh
I always use bitcoin (sometimes alts) on online gambling since it is less hassle and less fees. And I don't like being questioned a lot if ever I can win large amounts. I was even asked once by one of our country's bitcoin exchange for my source of funds and some further explanations.
it is irritating when we need to explain ourselves that they seems not trusting us ,but if we think it can be for better tgen explain calmly, if they get inspired and wanted to learn how you earn it in clean way then teach them. Im using bitcoin too in playing more often than in other alts.
hero member
Activity: 1050
Merit: 508
I always use bitcoin (sometimes alts) on online gambling since it is less hassle and less fees. And I don't like being questioned a lot if ever I can win large amounts. I was even asked once by one of our country's bitcoin exchange for my source of funds and some further explanations.
full member
Activity: 140
Merit: 100
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.
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