Topic: No gambling today due to bitcoin high transaction fee. - page 7. (Read 1995 times)
Yeah this is the issue with crypto gambling in times of high fees. That's when using side coins like doge or litecoin to move crypto around. It's good when books or casinos off multiple coins to bring into theor platform. Most people think in terms of fiat so whether it's litecoin or bitcoin it really doesn't matter.
They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.
That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.
But to the bitcoin gamblers, much better to wait until the fees become more stable.
Tron is a pretty efficient option at the moment, but for some reason maybe people will deposit using ERC20 because their funds may be on the ERC20 network. That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.
But to the bitcoin gamblers, much better to wait until the fees become more stable.
The more payment options it will be easier to get into gambling, this makes anyone able to play according to the option they choose.
The Bitcoin network is now congested due to a surge in transactions, but it will be stable and will also be used later.
I have also used Bitcoin several times to make deposits and withdrawals.
While the Bitcoin network is too much trafficked and spammed, those that would like to gamble really have to do something. Do use some altcoins at the moment.
Whether you're a bitcoin maxi, it won't work this time when you're a gambler. TRC20 or the other options like Dogecoin, LTC and others that have cheap fees too are fine to use.
I would not engage in gambling if it involves transactions on the native Bitcoin network. But now you can use wrapped Bitcoin, which is available on almost all networks. In my opinion, this is the best solution.
This is great insight. I think that's where true value of bitcoin lies with. And with OP point of view, it's a good thing that he shared it because in online gambling it's not all about the game, the spins, and wins and losses. It's also how you manage your money and exposure. Along with that is the transaction cost. Because if you are unaware of this, you may see yourself winning in many games yet you can't withdraw any because you are losing in terms of transaction cost.
Bitcoin fees are high and low but I would never bet with bitcoin for gambling. Because there is always high risk. Investing instead of betting bitcoin is the right decision. By investing the amount of high fees is low and there is no fear of loss. Never expect double money in gambling but long time investment in bitcoin doubles the amount. Other alternative ways to use bitcoin should be found other than gambling.
Well it's just personal preference. In BTC's case it's slowly becoming an acceptable asset not just paper ponzi like how investors call it before. 
For me I don't think this is the right time to play gambling with bitcoin especially for those that are hodling and are aiming to make profit from their hiding exercise. Apart from the high transactions fee, the delay at which to recieve bitcoin is not encouraging to wait just to play gamble. Right now it is not about the high transactions fee but also the delay of transaction.
If you are holding Bitcoin for the long term, you should not gamble with that money no matter the Bitcoin transaction fee is high or low. Gambling is risky and if you gamble your long term holding in bitcoin, there is a risk that you may lose your money.
Now coming to the high tx fee, another thing which I noted is that the gambling sites have increased the withdrawal fees too. So these days not only you will have to pay more fee for depositing bitcoin to the gambling sites, you will also have to pay a higher fee (depends from site to site) for the withdrawal.
Many people will use altcoins as they are cheaper and faster. Anyways, if someone is rich enough, he can afford these high fees, and continue to gamble with BitcoinBTC only.
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?
Since the transaction fee of bitcoin is very high, for me I think this is not the right time to play gamble with bitcoin. Just imagine you are planning to play bitcoin with the high fee and you still end up losing your game at the end. Playing with the high transaction fee and also not winning is a big lose. When the high fee is added to the amount you want to use in playing gambling, I don't think it is the amount you can afford to lose, as the fee high for transactions it is better to just wait till the fee amount reduces. 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?
For me I don't think this is the right time to play gambling with bitcoin especially for those that are hodling and are aiming to make profit from their hiding exercise. Apart from the high transactions fee, the delay at which to recieve bitcoin is not encouraging to wait just to play gamble. Right now it is not about the high transactions fee but also the delay of transaction.
I recently read in the news that blocks in the system are growing again, which means that these incredibly huge bitcoin commissions are waiting for us again soon. And this is bad for any gambler. Recently, I made a deposit in bitcoin on CoinRoyale in the amount of 0.005 bts in order to use the bonus promo code for a free bet of 0.01 bts. And then I won and I had to pay the withdrawal fee again. And it was possible to withdraw only in bitcoin. As a result, it turned out that I almost didn't win anything - that's how much I had to pay for commissions. I do not understand why each gambling site does not have a withdrawal in different cryptocurrencies. Such as TRON or LTC.
To be sincere Bitcoin isn't really the best for withdrawal especially in times like this. Most casinos now fo give their customers options in method of withdrawal either Bitcoin, LTC or even Tron.
The fee fell to around $8 for moderate 2 days ago and has picking up again.
The halving day should be one of the best for some miners especially those that were able to confirm a transaction.
Sadly Runes are already been listed in exchanges like gate so fee might pick up for sometime.
Well everything that has an advantage also got a disadvantage and this is one of the disadvantage that comes with gambling with crypto currency. Well every disappointment they say could be a blessing in disguise and this could help potential gambling addicts who only gamble with crypto currency and can't afford the transaction fees to pause for a while. But it would be so sad when you're seriously in need of funds but can't cash out your winnings due to high transaction fees.
There are lots of casinos that accept other cryptocurrency at part from Bitcoin
So in cases like that all that's got to be done is using another deposit /withdrawal method
Not to accumulate expenses.
I recently read in the news that blocks in the system are growing again, which means that these incredibly huge bitcoin commissions are waiting for us again soon. And this is bad for any gambler. Recently, I made a deposit in bitcoin on CoinRoyale in the amount of 0.005 bts in order to use the bonus promo code for a free bet of 0.01 bts. And then I won and I had to pay the withdrawal fee again. And it was possible to withdraw only in bitcoin. As a result, it turned out that I almost didn't win anything - that's how much I had to pay for commissions. I do not understand why each gambling site does not have a withdrawal in different cryptocurrencies. Such as TRON or LTC.
At one point, the cost of transactions reached $127. This is of course a lot. Now the commissions have decreased, but I'm not sure that this will last long. The reason is called the Runes Protocol project. In addition, there were many people who wanted to make a transaction that would fall into the anniversary block 840,000. Of course this is crazy. What good does it do if your transaction is included in the anniversary halving block? Perhaps someone will boast about it to their friends. I would not engage in gambling if it involves transactions on the native Bitcoin network. But now you can use wrapped Bitcoin, which is available on almost all networks. In my opinion, this is the best solution.
I have seen $170ish or i have just missed out but its those numbers that we havent been able to see on the entire Bitcoin fee history on which this is something that wont really be that good on making up some transactions but for those people who do have tons of money then these fee issues wont really be that much of a concern. It is really just that people who are just average bitcoin investors or transferers are the ones who would really be that mainly be affected with this one. I thought that it would really be just that lasting for a coupel of days but it seems that im wrong. Now the fees are starting to climb up again which it does have that average fee amount of $20-26 which i could say that it is really that too much.
For me i do have a couple of pending transactions due to set low fees on which i dont have any choice but to wait up for the entire network to subside.
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?
This kind of situation has happened several times, maybe if we talk about Bitcoin transaction fees, it is not only on online crypto casino sites that it becomes a problem, almost the average payment/deposit becomes a burden for Bitcoin users.However, even though Bitcoin fees are high, for me at this time it is not an obstacle in gambling, that is the advantage of crypto casinos, we still have alternative types of coins that can be deposited, such as USDT, LTC, TRON, Doge and many others, of course this type of crypto with costs that are still relatively cheap and affordable.
But if you don't want to use other types of coins in gambling, just use Bitcoin. Of course there is no choice for you other than to stop gambling or bear the risk of high costs, should we be hinted at using Bitcoin in gambling by casinos, I don't think so.
Current fees are just unbearable. If you deposit some satoshis to play at a casino today, you are actually going to gamble to pay for the transaction's costs, and not exactly to enjoy some profit for yourself... Better to wait for the market to settle down and adapt itself to the halving which just happened. These expensive prices must be temporary, being reverted soon, like it has always happened in Bitcoin's ecossystem. Since the market is full of hype and expectations right now due to the halving, some 'peculiar' setbacks like that should be expected.
They just won't be able to cashout their funds today from the platform. Personally, I just hope it's not going to take so long until we have average fees once again.
The complains are much and this is really getting serious by the day, i think a lot of individuals would begin to switch from gambling platforms qthat accept crypto currency to those who only accept fiat, no one knows how long it would take for the high fees to be adjusted and a lot of individuals without patient would be forced to switch, especially those punters who use their good gambling skills to attract followers to themselves.They just won't be able to cashout their funds today from the platform. Personally, I just hope it's not going to take so long until we have average fees once again.
Well everything that has an advantage also got a disadvantage and this is one of the disadvantage that comes with gambling with crypto currency. Well every disappointment they say could be a blessing in disguise and this could help potential gambling addicts who only gamble with crypto currency and can't afford the transaction fees to pause for a while. But it would be so sad when you're seriously in need of funds but can't cash out your winnings due to high transaction fees.
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?
Those who are deeply addicted to gambling will not care about such transaction fees. And even those who use other coins for gambling will not stop their gambling during such high transaction fees of Bitcoin. But those who will stop gambling now are those who only gamble with Bitcoin and keep themselves in control and gamble only for fun and spend very little amount of money there. After the Bitcoin Halving, Bitcoin transaction fees have increased drastically which will have a huge impact on smaller transactions. 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?
At one point, the cost of transactions reached $127. This is of course a lot. Now the commissions have decreased, but I'm not sure that this will last long. The reason is called the Runes Protocol project. In addition, there were many people who wanted to make a transaction that would fall into the anniversary block 840,000. Of course this is crazy. What good does it do if your transaction is included in the anniversary halving block? Perhaps someone will boast about it to their friends. I would not engage in gambling if it involves transactions on the native Bitcoin network. But now you can use wrapped Bitcoin, which is available on almost all networks. In my opinion, this is the best solution.
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?
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?
I think there must be some casino sites that accept lightning payments.
There are exchanges and services that accept it so casinos should probably be doing the same I think.
Otherwise they would be not making money from people that are conscious of the fees.
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Bitcoin is not the only cryptocurrency that is been accepted by casinos, so in situations like this when the fee is high, altcoins becomes the only option for one to use in gambling. With the current value of bitcoin, it will be dumb to use bitcoin in gambling when you are transferring from your wallet. But if you have it in your casino account no problem. I use litecoin currently for whatever service that I need online.
Yes, it's right. We can use altcoins that we can sends into our gambling account so we can starts playing gambling as usual. Maybe it's looks different but that will not be a problem. At least, that's something that some gambling can do while they are waiting for the transaction fees decrease. And now, the transaction fees decrease slowly and hopefully, the transaction fees will be back normal soon. Using altcoins is an options for many crypto gamblers among this situation so they can still playing gambling without thinks about the current situations. If some gamblers can do this, they are a wise gamblers that knows how to deals with the current situations. But if you thinks that you don't wants to spends your altcoins too, you don't have to playing gambling instead just holds your crypto in your wallets. 
They aren't dropping the support to the ERC20 but it seems that the tron network is more stable than the other in terms of fees.
That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.
But to the bitcoin gamblers, much better to wait until the fees become more stable.
Tron is a pretty efficient option at the moment, but for some reason maybe people will deposit using ERC20 because their funds may be on the ERC20 network. That's why those stable coins gamblers, they have this option and it's easier for them to deposit and they won't be problematic about the fees because it's still fine and doable.
But to the bitcoin gamblers, much better to wait until the fees become more stable.
The more payment options it will be easier to get into gambling, this makes anyone able to play according to the option they choose.
The Bitcoin network is now congested due to a surge in transactions, but it will be stable and will also be used later.
I have also used Bitcoin several times to make deposits and withdrawals.
Bitcoin is not the only cryptocurrency that is been accepted by casinos, so in situations like this when the fee is high, altcoins becomes the only option for one to use in gambling. With the current value of bitcoin, it will be dumb to use bitcoin in gambling when you are transferring from your wallet. But if you have it in your casino account no problem. I use litecoin currently for whatever service that I need online.
It is a tricky situation with bitcoin usage for gambling. A lot of people claim that they prefer to bitcoin and wait for a higher price to sell it. And parallel those people complain about high transaction fees. Dont you find it silly when people complain about things they barely plan to use? Moreover, bitcoin has turned into an asses that makes people rich, but not an asses that is used daily for purchases. I think that people are a little bit not honest with us when they complain about transaction fees, because they dont use bitcoin in general.
Bitcoin fees are high and low but I would never bet with bitcoin for gambling. Because there is always high risk. Investing instead of betting bitcoin is the right decision. By investing the amount of high fees is low and there is no fear of loss. Never expect double money in gambling but long time investment in bitcoin doubles the amount. Other alternative ways to use bitcoin should be found other than gambling.
It is nice when gambling and having your Bitcoin to stake during when the fees are low because high fees can be overriding and having someone to twice thoughts to proceed with the transactions or not.
Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.
Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.
Woof, this post is a bit tough to decipher. Sounds like you're saying low transaction fees make gambling more tempting?
But the grammar in the post makes it hard to understand. Rephrasing it with clearer sentences could help everyone get your point.
It is nice when gambling and having your Bitcoin to stake during when the fees are low because high fees can be overriding and having someone to twice thoughts to proceed with the transactions or not.
Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.
Maybe a lot of gambling would gambling as the fees can. E affordable but right to me, I can not just bump so quickly to gambling without an initial budget just because the fees for today is low.
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