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Topic: No gambling today due to bitcoin high transaction fee. - page 2. (Read 1996 times)

hero member
Activity: 1400
Merit: 674
It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.
Maybe it's for some users who still have bitcoin in their casino account, of course they won't care about that and will continue their gambling activities, especially since the match at UCL is very fun and tense, of course they will continue to gamble happily, but for some other gamblers who don't have a balance in their account maybe they will think twice about depositing using BTC and it's better to use other alternatives to be able to gamble, altcoins will be useful for those who experience this situation, unless the gambler is a whale, they won't care about transaction fees, because their gambling amount is definitely very large.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.

Fortunately the bitcoin transaction fee is quite low for last one or two months and anyone who want to deposit / withdrawal in bitcoin can do it easily without much tx fee. This topic was created back in April when there was hype of Ordinals and the bitcoin transaction fee was very high.

Now things are normal and we can keep an eye on the mempool at https://mempool.space/

Also if we talk about the withdrawals, many centralized gambling sites have fixed withdrawal fees and they will not vary with the change in the tx fees.
hero member
Activity: 826
Merit: 583
High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.

Indeed there is no problem for gamblers who have alternative funds on CEX. but for those who keep their funds in wallets, the high transaction fees that occur several times on Bitcoin must frustrate gamblers and finally choose to stop temporarily.

Previously I always bet with Bitcoin. that's because I get the funds I get for my betting allocation in Bitcoin. when the high-cost problem occurs on Bitcoin, I also finally don't bet. I rarely bet with altcoins or other stable assets. but lately, the funds I get are USDT, so I will bet with that.
sr. member
Activity: 476
Merit: 337
Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.
When Bitcoin transaction fees are high, many gamblers are reluctant to make deposits when it comes to gambling with Bitcoin, especially for small gamblers because transaction fees are great problem. I have seen many casinos and gambling platforms that include lite coins and Tron platform's TRX and stable coins USDT. I can gamble with any of the mentioned coins as per my convenience when bitcoin transactions increase. So I don't have to face any problem in gambling if the transaction fee of Bitcoin rise up. At the moment Bitcoin's transaction fees for gamblers do not pose any barrier.
High transaction fees can make some gamblers not to gamble for a while. However, gamblers that have good knowledge about crypto currency can easily deposit coins into their crypto betting account. Mostly if they have CEX, they can easily convert their Bitcoin into any stable coins that have a low fees for transactions. I also prefer to gamble with USDT than to gamble with my Bitcoin because Bitcoin is a good store of value in the future, that is why I can gamble with altcoins.
hero member
Activity: 896
Merit: 586
Leading Crypto Sports Betting & Casino Platform
It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.

Yes for those gamblers who leave a little fund in their gambling account just Incase they want to have their next session, they don't have to think much when the transaction fee increases. For now though, I don't think any one would be bothered much about fees as the fee is very low and favorable for any one bithe the gamblers. Most times I just prefer using other coins to gamble as Bitcoin is more valuable than them on the long run. I won't want to gamble with my BTC so it doesn't actually affect my gambling activities.
Those that keep altcoins can gamble with them when transaction fees are high on bitcoin transactions but I don't see that as any hinderance because if I want to gamble with bitcoin and transaction fee is high, i will convert it to USDT or any altcoins for gambling.

Having funds in your casino account is good especially when it is your gambling budget with that, you don't need to bother if fees are high because it will not be a problem to you.
sr. member
Activity: 336
Merit: 365
The Alliance Of Bitcointalk Translators - ENG>PID
It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.

Yes for those gamblers who leave a little fund in their gambling account just Incase they want to have their next session, they don't have to think much when the transaction fee increases. For now though, I don't think any one would be bothered much about fees as the fee is very low and favorable for any one bithe the gamblers. Most times I just prefer using other coins to gamble as Bitcoin is more valuable than them on the long run. I won't want to gamble with my BTC so it doesn't actually affect my gambling activities.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
It seems that high fees will not prevent gamblers from quitting because after all, it is very possible that most gamblers still have a balance on the gambling platform. Thus, gamblers will still be able to place bets without having to think about the costs of withdrawals or deposits made. After all, if they lose then they will not make a withdrawal, and if they win then of course they will still be able to make a withdrawal even though the costs may be greater than before. Because if they win in gambling, then of course they will also be able to cover the withdrawal fees charged when the withdrawal is made, and I think it is not a big problem to make gamblers stop.
sr. member
Activity: 504
Merit: 266
This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?
Bitcoin transaction fees increased to a large extent after Bitcoin IV. Then there was a need to pay an additional fee for one transaction. In particular, important issues such as withdrawal from exchange, transfer from wallet to wallet, deposits on various casinos and gambling sites etc. were greatly affected. It is natural that gamblers will usually refrain from gambling temporarily due to paying extra fees for withdrawals on gambling and casino sites. Currently, Bitcoin transaction fees have reduced to a large extent so gambling and casino users are not facing any problem in gambling.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.
That’s right! Litecoin really helps some gamblers save on transaction fees. I can remember that I use XRP too because it’s known for low transaction costs, making these two a solid alternative for many.

I just can’t imagine someone being willing to spend so much just to keep gambling. It’s clear that when you’re in the addiction stage, you’ll find a way to keep going. If there are no options, even with high fees, people will still gamble using bitcoin. But for those casual gamblers, though, I’m sure they’re considering their situation and might step back until the fees return to normal.
sr. member
Activity: 938
Merit: 292
Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.
When Bitcoin transaction fees are high, many gamblers are reluctant to make deposits when it comes to gambling with Bitcoin, especially for small gamblers because transaction fees are great problem. I have seen many casinos and gambling platforms that include lite coins and Tron platform's TRX and stable coins USDT. I can gamble with any of the mentioned coins as per my convenience when bitcoin transactions increase. So I don't have to face any problem in gambling if the transaction fee of Bitcoin rise up. At the moment Bitcoin's transaction fees for gamblers do not pose any barrier.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
I remember the time when I use Litecoin. The fee is not too high and can cover my needs to playing gambling. The time of the transaction is not takes too long so I can see my deposit was arrived in my wallet on the casino so I can use it right away to playing gambling. Using Litecoin is one of many solutions that we can use when Bitcoin have a high fees of the transaction. Beside of Litecoin, we have so many coins that we can use to send it into our gambling account but that will depends on what coin that is available on that casino because every casino will have different coin lists. We must choose the coin that we want and have a low fees of the transaction so we don't have to confuse with the high fees transaction.
hero member
Activity: 826
Merit: 641
Leading Crypto Sports Betting & Casino Platform
In order to avoid of this,the gamblers can use the other coins like Ethereum,BNB and tron.So the transaction fee issue will be resolved.
Who still uses ethereum related tokens (erc20) to avoid higher fee and congestion? I guess you are in the wrong way, it's a suicide, nothing's gonna happen good using such tokens unless you want to try and try again after fail transactions. Even now, ethereum blockchain has over 100k pending transactions.
Lol...thank goodness we have alternatives in the crypto world, I wonder what would happen if the whole load of crypto fell in the hands of Bitcoin and Ethereum, it would have been devasting and people must have preferred to use their fiats for transactions to have a peace of mind.

Despite the many alternatives today, I still do not believe that the Ethereum network could still have so much congestion, despite the cheap alternatives. I wonder those who are using the ERC20 like you said, I don't look at it twice before moving to the next option. I guess many people are not well-informed about this.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?
Good observation. However the fourth halving which has temporarily resulted in transactions fee increases shouldn't stop one who already has some good amount in his casino wallet account from gambling. After gambling the individual will have to exercise patience for some days until the fee drops to withdraw their winnings. There's an option for the use of other crypto - USDT and Tron.


High transaction fees had really affected alot of person's gambling habits and I think it's a good pace for self discipline and retrieval of gambling activities that usually results in addiction but it's fine for people that have a high income and are responsible in their dealings with money. So for the ones that use Bitcoin as payments to gamble I believe that rate is high enough to gamble with and one can also limits the use of it and make use of other currencies too, so what I'm trying to say is the high transaction fees in Bitcoin it's a medium to observe the current trends of the markets and limits the gambling activities inorder not to results in addiction and again if you look at this high rate of transactions fees for investors it's an avenue to invest more and accumulate more assets for future use.

It affect to those person doesn't that have BTC on their wallets. But if they could able to spend some time transferring it then exchange to those coins which have less transaction fees then this situation doesn't give them any problem.

But for investors who only want to use BTC and gamble just to have short time fun only, provably that they are the one who would say that no gambling today due to high fees taken to them since they can't afford to take those hassle way to trade their coin just to gamble, Usually they would just decide to take a break and wait for the fees to subside since this is ideal or less hassle for them. Also I guess this incident sometimes beneficial to gambler since it limits the want of people to gamble since there's something stopping them to continue.
legendary
Activity: 2702
Merit: 1465
Apparently, most crypto casino gamblers use Altcoins when the casino itself allows betting in these coins. Sometimes their own game tokens are also used. As for Bitcoin payments, I certainly fully agree that this is a valuable asset and it is more important to use Altcoins with small fees in the game. This becomes especially important when there are many payments. And of course, Bitcoin is still a very slow blockchain compared to modern altcoins. This also affects the slowdown of your game to some extent.

The question is, however, which Altcoin is preferred by the relative majority of players, i.e. those that allow different casinos to be used in gambling?
In my opinion, the best altcoin for gambling is Litecoin, digital silver and Bitcoin's brother. It is fast, the fees are low and it has a good reputation over the years, and it is also similar to Bitcoin due to halvings. I have seen that it is available in many casinos, so why not use it there. But I would not use Bitcoin itself because it is suitable as a means of accumulation and a long-term asset that does not need to be used in transactions that we often make. After all, if we use it every time in gambling, then due to the high commission, we will be left without a deposit.

Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
And you are right. Litecoin is really good and when I used it, the block confirmation speed really pleased me after Bitcoin and it is even a little unusual that transactions are fast and that the fees are small. In addition, it is of course "cryptocurrency silver", since it has been used for a long time and in general without any special problems with its blockchain. So, probably, taking into account that Litecoin is traditionally considered silver, it is probably the best option for crypto casinos with small bets.
hero member
Activity: 980
Merit: 585
Leading Crypto Sports Betting & Casino Platform
Good observation. However the fourth halving which has temporarily resulted in transactions fee increases shouldn't stop one who already has some good amount in his casino wallet account from gambling. After gambling the individual will have to exercise patience for some days until the fee drops to withdraw their winnings. There's an option for the use of other crypto - USDT and Tron.

High transaction fees had really affected alot of person's gambling habits and I think it's a good pace for self discipline and retrieval of gambling activities that usually results in addiction but it's fine for people that have a high income and are responsible in their dealings with money. So for the ones that use Bitcoin as payments to gamble I believe that rate is high enough to gamble with and one can also limits the use of it and make use of other currencies too, so what I'm trying to say is the high transaction fees in Bitcoin it's a medium to observe the current trends of the markets and limits the gambling activities inorder not to results in addiction and again if you look at this high rate of transactions fees for investors it's an avenue to invest more and accumulate more assets for future use.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Apparently, most crypto casino gamblers use Altcoins when the casino itself allows betting in these coins. Sometimes their own game tokens are also used. As for Bitcoin payments, I certainly fully agree that this is a valuable asset and it is more important to use Altcoins with small fees in the game. This becomes especially important when there are many payments. And of course, Bitcoin is still a very slow blockchain compared to modern altcoins. This also affects the slowdown of your game to some extent.

The question is, however, which Altcoin is preferred by the relative majority of players, i.e. those that allow different casinos to be used in gambling?
In my opinion, the best altcoin for gambling is Litecoin, digital silver and Bitcoin's brother. It is fast, the fees are low and it has a good reputation over the years, and it is also similar to Bitcoin due to halvings. I have seen that it is available in many casinos, so why not use it there. But I would not use Bitcoin itself because it is suitable as a means of accumulation and a long-term asset that does not need to be used in transactions that we often make. After all, if we use it every time in gambling, then due to the high commission, we will be left without a deposit.

Litecoin is a good option and I have used it a lot however when you gamble with Bitcoin and are able to win is much better than gambling with Litecoin as you add Bitcoin to your wallet which can increase much more in value than we have seen Litecoin do it. In this context I am now ready to wait and to pay a bit more fees because the end result if good meaning if we win with Bitcoin is much more beneficial for us than it can be with Litecoin. I know we can always use an exchange to change between cryptocurrencies yet why bother with that.
legendary
Activity: 1596
Merit: 1183
Apparently, most crypto casino gamblers use Altcoins when the casino itself allows betting in these coins. Sometimes their own game tokens are also used. As for Bitcoin payments, I certainly fully agree that this is a valuable asset and it is more important to use Altcoins with small fees in the game. This becomes especially important when there are many payments. And of course, Bitcoin is still a very slow blockchain compared to modern altcoins. This also affects the slowdown of your game to some extent.

The question is, however, which Altcoin is preferred by the relative majority of players, i.e. those that allow different casinos to be used in gambling?
In my opinion, the best altcoin for gambling is Litecoin, digital silver and Bitcoin's brother. It is fast, the fees are low and it has a good reputation over the years, and it is also similar to Bitcoin due to halvings. I have seen that it is available in many casinos, so why not use it there. But I would not use Bitcoin itself because it is suitable as a means of accumulation and a long-term asset that does not need to be used in transactions that we often make. After all, if we use it every time in gambling, then due to the high commission, we will be left without a deposit.
legendary
Activity: 2702
Merit: 1465
In my opinion, for quite a long time now, BTC has not experienced such critical mempool states that the fees would be absolutely exorbitant amounts in dollars, or even tens or hundreds of dollars. After the peak of fees after the halving in April and the initialization of the protocol with runes, everything has more or less calmed down and so far there are no such critical dangers for increasing fees. So, as you say, the river has not yet overflowed its banks. And as for L2 for BTC, it seems to me that all initiatives in this direction are noticeably less active and apparently the calm state of the mempool is slowing down such initiatives of some developers.

The fee for the transaction will be the common one,even in the trading we face this bitcoin transaction fee.In order to avoid of this,the gamblers can use the other coins like Ethereum,BNB and tron.So the transaction fee issue will be resolved.Many experienced gambler know this tricks to avoid of the fee in the gambling transaction.But the new people not aware of this fee issue,they mostly pay huge amounts of money for the fee itself.The gamblers should concentrate in the game play by the gambling transaction fee problem,because concentrated game alone will help the gamblers to make money in gambling site.
If you want to gamble, you have to pay a fee and you can't reduce it even if you want, and in many gambling games it is possible to reduce the cost by abandoning the tendency to pay fees through Bitcoin and using other currencies. Yes almost every gambling board has facility to use altcoins and you can pay fees using any altcoins if you wish. I generally try to avoid using Bitcoin when gambling because it is a valuable asset and its proper use can only be made through long-term investments.

By focusing on gambling and pacing yourself accordingly, you can profit and while you continue to profit you can consider paying the minimum fee as part of the game.
Apparently, most crypto casino gamblers use Altcoins when the casino itself allows betting in these coins. Sometimes their own game tokens are also used. As for Bitcoin payments, I certainly fully agree that this is a valuable asset and it is more important to use Altcoins with small fees in the game. This becomes especially important when there are many payments. And of course, Bitcoin is still a very slow blockchain compared to modern altcoins. This also affects the slowdown of your game to some extent.

The question is, however, which Altcoin is preferred by the relative majority of players, i.e. those that allow different casinos to be used in gambling?
hero member
Activity: 1666
Merit: 453
This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight.

If you look at https://mempool.emzy.de/, the current transaction fee is  over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees.

This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble?

On the other hand, I'm using bitcoin because I usually use usdt stablecoins, and with that amount of fees in bitcoin transactions, I'd like to see the fee decrease in the bitcoin network.
Because that kind of fee is not humane in my opinion.

Except if I release 100 000$ worth of bitcoin, maybe I can gamble even if that is the amount of the fee of 100$ is fine with me in exchange for the amount of bitcoin I can release.
But I won't sacrifice 100$ fee if the amount I can get is below 100$ of course.
full member
Activity: 126
Merit: 93
In my opinion, for quite a long time now, BTC has not experienced such critical mempool states that the fees would be absolutely exorbitant amounts in dollars, or even tens or hundreds of dollars. After the peak of fees after the halving in April and the initialization of the protocol with runes, everything has more or less calmed down and so far there are no such critical dangers for increasing fees. So, as you say, the river has not yet overflowed its banks. And as for L2 for BTC, it seems to me that all initiatives in this direction are noticeably less active and apparently the calm state of the mempool is slowing down such initiatives of some developers.

The fee for the transaction will be the common one,even in the trading we face this bitcoin transaction fee.In order to avoid of this,the gamblers can use the other coins like Ethereum,BNB and tron.So the transaction fee issue will be resolved.Many experienced gambler know this tricks to avoid of the fee in the gambling transaction.But the new people not aware of this fee issue,they mostly pay huge amounts of money for the fee itself.The gamblers should concentrate in the game play by the gambling transaction fee problem,because concentrated game alone will help the gamblers to make money in gambling site.
If you want to gamble, you have to pay a fee and you can't reduce it even if you want, and in many gambling games it is possible to reduce the cost by abandoning the tendency to pay fees through Bitcoin and using other currencies. Yes almost every gambling board has facility to use altcoins and you can pay fees using any altcoins if you wish. I generally try to avoid using Bitcoin when gambling because it is a valuable asset and its proper use can only be made through long-term investments.

By focusing on gambling and pacing yourself accordingly, you can profit and while you continue to profit you can consider paying the minimum fee as part of the game.
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