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Topic: Is it worth using bitcoins anymore for gambling ? - page 6. (Read 2758 times)

sr. member
Activity: 686
Merit: 253
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.

In my opinions altcoins are even force. They face an even great amount of volatility and are only good to prevent spending that money on the fees.

And based on the trend, whenever bitcoins fall, so do altcoins. So you essentially end up with great swings.

Yes they are at par with Bitcoin except popularity. They confirms even faster and at lower competitive rates to Bitcoin and so I will use them until Bitcoin scaling issues are fixed probably by August 1.
legendary
Activity: 954
Merit: 1000
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.

In my opinions altcoins are even force. They face an even great amount of volatility and are only good to prevent spending that money on the fees.

And based on the trend, whenever bitcoins fall, so do altcoins. So you essentially end up with great swings.
legendary
Activity: 1442
Merit: 1008
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.
Yes before I use to bet min 0.005 BTC actually I will place 0.01 BTC when ever I play sports betting. Becasue I will get a decent return. But what you said it is right it becomes too costly if I convert 0.005 BTC to our fiat currency it is approximately one day salary for two years experienced IT people.  Now tell me is it fine to play gambling with Bitcoin?
gamble using bitcoin always come with its risk , so you should really know what you are doing. i mean for example when you bought 1 bitcoin worth $2,200 and you successfully make it double to 2 bitcoin but then the price move up so fast up to $4,400 guess how much money you make during that volatile? yeah you have made $2,200 to $8,800 instead to $4,400 but vice versa when the price dumped half and so on.
sr. member
Activity: 812
Merit: 251
since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

Some gamblers did it and quit gambling with BTC, but many gamblers are anonymous and aren't part of BTC community, they just want to play online with Crypto-Currency as their countries don't allow them to do it. So, they play, make their profit and convert to fiat, they don't mind to invest in BTC to make profit, to grow their funds, to play for real profit, many of them have money already in real life, they just want fun. So they continue using Bitcoins.
Actually the best way to gambling is by using crypto currency because there we have freedom and we can hind our real identity which I believe the most important thing to protect our interest. Some people do gamble without knowing if it's illegal or not so it's best to use bitcoin since we will not gonna face problems in the future to come. Also, we are helping building this industry and the more we patronize it the more it will progress.

That's correct  and there are even Altcoins that you can use in place of Bitcoin for quicker confirmations and low transaction fees. It's very good to gamble with cryptocurrencies because it offers you the luxury of anonymity and global accessibility.
hero member
Activity: 3010
Merit: 666
since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

Some gamblers did it and quit gambling with BTC, but many gamblers are anonymous and aren't part of BTC community, they just want to play online with Crypto-Currency as their countries don't allow them to do it. So, they play, make their profit and convert to fiat, they don't mind to invest in BTC to make profit, to grow their funds, to play for real profit, many of them have money already in real life, they just want fun. So they continue using Bitcoins.
Actually the best way to gambling is by using crypto currency because there we have freedom and we can hind our real identity which I believe the most important thing to protect our interest. Some people do gamble without knowing if it's illegal or not so it's best to use bitcoin since we will not gonna face problems in the future to come. Also, we are helping building this industry and the more we patronize it the more it will progress.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

Some gamblers did it and quit gambling with BTC, but many gamblers are anonymous and aren't part of BTC community, they just want to play online with Crypto-Currency as their countries don't allow them to do it. So, they play, make their profit and convert to fiat, they don't mind to invest in BTC to make profit, to grow their funds, to play for real profit, many of them have money already in real life, they just want fun. So they continue using Bitcoins.
legendary
Activity: 1512
Merit: 1010
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since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...

As an occasional gambler I'm also not using Bitcoin for my gambling as it'll be much more useful in the future and don't wanna waste them on gambling and all. I moved to LTC and other altcoins now for my gambling needs.
hero member
Activity: 826
Merit: 529
since gambling is not a productive or worth for me so I never choose to use Bitcoin regarding this purpose. I always want to keep away from gambling because of its addictiveness. so there is using Bitcoin is no more worthy, it is totally insane and worthless effort. if you are concern about your future then you must put some Bitcoin for the future purpose. it will bring a lot for you...
legendary
Activity: 1512
Merit: 1000
As mentioned by many above, your bitcoin gambling bankroll should be seen and managed in terms of bitcoin only and not in terms of its changing fiat value from day to day price swings.

Aside from bankroll management, the other aspects of using bitcoin for gambling makes it more worth it than ever. Bitcoin allows you to gamble at micro stakes. It allows for relatively fast deposits and withdrawals. When you play on a bitcoin site, you don't put at risk any of your personal data such as name, ID, address, bank account, credit card, etc information.

If you are a profitable gambler, then gambling wioth bitcoin also becomes a good way of accumulating and increasing your bitcoin hodlings.
sr. member
Activity: 1479
Merit: 273
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i think yes, even we can get same amount of winning and it's value raising. it is like when we play at pas 0.003 BTC is only $2 ( in my country ) and now it changed to $8. so with same winning reward i can get more money
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
Maybe you should stop converting.
If you do that anytime you will gamble then, you will really feel the loss every time you are making a bet.
Maybe you should look for one that is using the fiat system so that you could just exchange your bitcoin to USD if you feel a great loss with a bitcoin system gambling website.
hero member
Activity: 672
Merit: 500
worth or not,it depend on who use bitcoin gambling,i think if people never ssee any price of bitcoin,they will not use bitcoin for gambling,and if they use it for gambling,they know and believe that bitcoin will have better value in future,if not using bitcoin,then what else?etherum? the price not better from bitcoin.
legendary
Activity: 1148
Merit: 1006
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.
Yes before I use to bet min 0.005 BTC actually I will place 0.01 BTC when ever I play sports betting. Becasue I will get a decent return. But what you said it is right it becomes too costly if I convert 0.005 BTC to our fiat currency it is approximately one day salary for two years experienced IT people.  Now tell me is it fine to play gambling with Bitcoin?
sr. member
Activity: 756
Merit: 253
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.
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.
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.
sr. member
Activity: 630
Merit: 251
If you don't want to get affected by price volatility than you can store all your bitcoin in USDT when you don't gamble or bet and just move those USDT to BTC when you need it. 1 USDT price tends to remain 1 USD all time so you don't have to worry about losing anything in fiat value during huge price move.
This is a good idea. It will keep safe enough your assets, if it is cash or bitcoin or alts they are the current assets, the USD is too stable that it will not lose its value while keeping the bitcoin you may have a fear to lose its value in near future. If you are concerned about a short term then USD is better and for a long term bitcoin is best.
hero member
Activity: 910
Merit: 502
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 not a great approach to appreciate by those who work for the collection of bitcoin through various means. If someone is more into collecting bitcoin and don’t want to spend it in the current scenario. I think that person should be appreciated. Gambling with bitcoin seems to me like not only wasting your money but betrayal to your future. It makes a sense to say that bitcoin gambling is not good in long range.
legendary
Activity: 1512
Merit: 1218
Change is in your hands
Sorry to see that more than half the posts on this thread are just spam.

Well you are going to gamble right? Why not gamble with the bankroll too? If the price goes up it will be a big win for you, And if the price goes down atleast you will have the same amount of btcs. You need to cash out at the right time, You need to gamble smart, If you are in gambling just for fun, these issues won't matter to you imo. That's my take on this issue.

Gamble yeah, but with control. Poker is a combination of both skill and luck.

But bitcoin price swinging up and down isn't a gamble a poker player or sportsbettor would like to take, because it throws off any bankroll management.

Yeah i read around 3 pages, most of it is spam and is poorly written.



Well i have to agree with you, anything which requires skill to win, an average Joe would prefer the stable option rather than the volatile one. The sane option is clearly fiat, if your countries allow it or unless you want to use btc just for fun of it.

But from what i have seen the Bitcoin gambling community doesn't factor in the price swings, due to the anonymity provided with Bitcoin. There are always pro's and cons and is dependent on the users whichever they think outweighs the other..
MMA
legendary
Activity: 1134
Merit: 1000
I am not agree with you, because in my thinking bitcoin is really worth full using for gambling.
I am confidently saying that 50% gamblers are playing online bitcoin gambling,
Because they want to earn bitcoin, then it is not right to say that bitcoin has no worth for gambling. 
yes i also think that it is always worth to play gambling with bitcoin. some people think that as soon as the price of bitcoin is increasing it is becoming difficult for the people to play gambling with but to me i will say that it is up to you, if you want to play gambling you can play it with any amount. if the price of bitcoin is increasing i think you can reduce the the amount for which you are playing gambling and through this way you can maintain your limit for playing gambling.
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