Interesting point! In regards to professional poker or sports betting bitcoin might be not that ideal currency, but you can exchange your bitcoin to a more stable coin like litecoin.
However, so far you had only advantages if your bankroll was in bitcoin since years and only if something bad will happen to bitcoin with a heavy decrease of its value, then you will have a huge loss and disadvantage for using it.
Topic: Is it worth using bitcoins anymore for gambling ? - page 5. (Read 2758 times)
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.
Well, the disadvantage for gamblers that using bitcoin is the price of bitcoin that always changed. For me, it's still worth to using bitcoins for gambling, because bitcoin gambling site is good actually. Some of the have a live tab chat that real money gambling site don't have and for me it's really big.
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.
The reason bitcoin performs well at the moment is its ease of use and the anonymity factor since people don't like to gamble with real money and then have an eye on the profits from the government.
Anonymity I would say is the biggest reason. But it isn't going to be that way forever.
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.
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.
Nope, I am not agree with you, why you think that bitcoin has no worth for gambling? If you are gambler than you should feel that bitcoin has worth for online gambling. Actually, in my view, bitcoin give us new and popular plate-forum of online gambling. Before bitcoin, i didn't think that online gambling have any future, But now bitcoin change the whole world of online gambling.
I am not saying bitcoin is not worth for gambling. I am just saying its not good for certain kinds of gambling like sportsbetting and poker where a bankroll management is an important part of the game. If you can't control your net worth due to the volatility, you are likely going to go down.
indeed it is not good , as we are looking for stable/ steady profit when doing bankroll management right? hard to answer this one , really a tough situation.
Nope, I am not agree with you, why you think that bitcoin has no worth for gambling? If you are gambler than you should feel that bitcoin has worth for online gambling. Actually, in my view, bitcoin give us new and popular plate-forum of online gambling. Before bitcoin, i didn't think that online gambling have any future, But now bitcoin change the whole world of online gambling.
I am not saying bitcoin is not worth for gambling. I am just saying its not good for certain kinds of gambling like sportsbetting and poker where a bankroll management is an important part of the game. If you can't control your net worth due to the volatility, you are likely going to go down.
Nope, I am not agree with you, why you think that bitcoin has no worth for gambling? If you are gambler than you should feel that bitcoin has worth for online gambling. Actually, in my view, bitcoin give us new and popular plate-forum of online gambling. Before bitcoin, i didn't think that online gambling have any future, But now bitcoin change the whole world of online gambling.
I can say that it's still worth it to use bitcoin when you gamble. But this is the strategy that I'm using, when the price of bitcoin is on top I gamble with bitcoin. So that I can minimize and maximize the amount of bitcoin that I bet. And when the price is starting to be at dip, I use alt coins for it. I'ts just a matter on where you are confident.
in these kind of days the most popular crypto currency are altcoins like litecoins. they're using this because its more cheaper than bitcoin and it's not too much if you lose on gambling if you're playing just for fun and playing safe this is recommended for you but for me. im using bitcoins when playing gambling because since then im using this and i always winning i think that's the reason why I'm so comfortable with bitcoin when playing gambling.
I think it is still a good idea to use Bitcoin for gambling. Because other coins are not so popular as it is. And it is my favorite than using Litcoin .
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.
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.
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.
In case bitcoin rise and you win you will have more profit. I adjust my bets, now in bitcoins I bet for less but in dollars amount is the same.
I saw some casinos are lowering minimal bets on dome games, same is with sport books. They need to do that in order to keep most of the gamblers on their site, high roles probably didn't even notice this rise. For them bitcoin price is better to go up and they wealth is going up as well when they win bitcoins.
Bitcoin gambling will be even more popular now when the price is high, you will see.
I saw some casinos are lowering minimal bets on dome games, same is with sport books. They need to do that in order to keep most of the gamblers on their site, high roles probably didn't even notice this rise. For them bitcoin price is better to go up and they wealth is going up as well when they win bitcoins.
Bitcoin gambling will be even more popular now when the price is high, you will see.
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.
Yes. Bitcoin nowadays are the most used currency in gambling like dice games. You can convert your real money into bitcoin so that you have some capital in playing. Don't push yourself in a greedy mode playing. Watch out and be smart in playing.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.
[/quote
It is worth using bitcoins to gambling as I can see as I can see bitcoin is easy to use in all kinds of transactions we make
That bitcoin that can be as payments bill s and many more that that with money
[/quote
It is worth using bitcoins to gambling as I can see as I can see bitcoin is easy to use in all kinds of transactions we make
That bitcoin that can be as payments bill s and many more that that with money
I believe that the bitcoins are designed to invest in the future to earn as much money as possible, and not for entertainment. With gambling too much loss and it is better not to risk coins.
Nope the Bitcoin is more used in online gambling site and these sites only base for this bitcoin. If they are not accepted Bitcoin then it will take a number of years to become popular and the price also we not see this much high. But I agree that losing Bitcoin in gambling is not good. Bitcoin is made for both entertainment and money. How you will use it is up to you. 
I believe that the bitcoins are designed to invest in the future to earn as much money as possible, and not for entertainment. With gambling too much loss and it is better not to risk coins.
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.
Altcoins are currently confirming faster and with low transaction fees, I can testify of litecoins and dogecoins which confirms fast with almost zero transaction fees.
That is true but we are talking about using altcoins for gambling. Are they better to use for gambling, considering the fact that with gambling it is a good thing sometimes that you can't transfer the money on a gambling site immediately?
Jump to: