Revival of Bitcoins and alts and your strategy. - page 2.

LuanX3

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Quote from: iluvbitcoins on March 02, 2018, 05:46:42 AM

Dude moved 430 million $ with a 1$ fee
https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

And you're complaining about high fees Huh

Just holy shit. LOL.

That is a lot of bitcoins! Damn. Don't even know what to do with my life with that much money. Funny to see though that this got through with just 0.0001 BTC as fees, guess the problem with the memory pool is disappearing.

iluvbitcoins

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Freedom&Honor

Dude moved 430 million $ with a 1$ fee
https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

And you're complaining about high fees Huh

LuanX3

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Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

It's been nothing less than a roller coaster for the crypto market from highs to low and back to the 10k mark we have seen it all. Now I'm anticipating a good rally coming in the crypto market hence I'm holding back play later on.

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

Do you'll think considering the fees and being optimistic about a rally we should hold before we play, or continue going forward without being bothered, my fingers are itching to play at any rates.

So what are the other gamblers feeling, itchy or taking a break.

The price should not really be a problem if you just convert fiat to crypto then play then just cash out and convert back to fiat, that would not need to take into account the price of crypto. But that's really an expensive way to gamble, however there are a lot of gamblers that don't really care about the price of crypto and they just compute everything in the crypto they are using. So if you say you want to gamble 1 BTC per session and you grow or lose it then you just only look at it at the amount of crypto you are holding.

JL421

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It's completely a decision for you to make and the fees isn't so high most exchanges take 0.1% trading fees or if you use shapeshift or something related to it fees is 1% or so which again isn't high , maybe this can be a way to trick your mind to not gamble by saying exchange fees is a lot and why do you want to gamble as you stated the current price is really high demanding more is just being greedy

crwth

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I agree with the people posting above me especially the one with the lower transaction fees. I recently transacted Bitcoin and it was relatively low and transactions fee but I don't know when it still high with gambling houses because I have not been gambling a lot. Well if you have lots of coins to gamble with why not?

piloder

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If you have some altcoin convert it and hold as Bitcoin might soon surpass $15k mark again if it does you will make over 50% in profit which is might be more than what you could earn by gambling. So just hold your Bitcoin right now rather than lossing it in gambling.

Aleister Crowley

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Quote from: milewilda on March 01, 2018, 01:43:59 PM

Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

It's been nothing less than a roller coaster for the crypto market from highs to low and back to the 10k mark we have seen it all. Now I'm anticipating a good rally coming in the crypto market hence I'm holding back play later on.

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

Do you'll think considering the fees and being optimistic about a rally we should hold before we play, or continue going forward without being bothered, my fingers are itching to play at any rates.

So what are the other gamblers feeling, itchy or taking a break.

This thing is actually depending on you.If you let your itchy feeling on playing gambling then its your choice but in our minds we do know that the coins we do hold do have the potential on rising up and the opportunity that it gives on making profit but since its your money its your choice on how you gonna handle it.People do have different decisions and views among things and also fees arent that high now when you do try to see.

gambling is as good as it can be and until you find out when all your gambling is paying off and strategies that you can use as a strategy that suits or exactly you use as gambling.

all the coins do have a high potential but if you really can never resist gambling, do it because the loss and profit is only your own who feel it

milewilda

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Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

It's been nothing less than a roller coaster for the crypto market from highs to low and back to the 10k mark we have seen it all. Now I'm anticipating a good rally coming in the crypto market hence I'm holding back play later on.

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

Do you'll think considering the fees and being optimistic about a rally we should hold before we play, or continue going forward without being bothered, my fingers are itching to play at any rates.

So what are the other gamblers feeling, itchy or taking a break.

This thing is actually depending on you.If you let your itchy feeling on playing gambling then its your choice but in our minds we do know that the coins we do hold do have the potential on rising up and the opportunity that it gives on making profit but since its your money its your choice on how you gonna handle it.People do have different decisions and views among things and also fees arent that high now when you do try to see.

lite

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Quote from: BlockEye on March 01, 2018, 06:06:35 AM

Quote from: gabmen on February 28, 2018, 07:34:45 AM

Basically you're gambling in satoshis and not in dollars, so if you're lke earning btcs and not buying them, then there shouldn't be much of a difference if the fiat rate goes up or down. I usually don't have any sats to spare unless some that are left from trading.

Even if you are looking in satoshi. The amount of fee in satoshi is increasing too. Last year, the fee was around 10ksats to 30ksats but now it increase to 100k sats above which is very high for fee. It is better to use altcoin like ETH and LTC rather than BTC. It has less transaction and confirmation speed is fast compare to BTC. It is important to consider transaction fee so that you will not be in loss before you start gambling.

Fee is actually decreasing, if you look at the current recommend fee[1] is less than 10k satoshis. segwit adoption is finally increasing, recently being implemented on coinbase. segwit transactions currently amount to 27%[2] out of total bitcoin transactions, if everyone started using segwit we'll enjoy even more cheaper fees.

[1] https://bitcoinfees.earn.com
[2] http://segwit.party/charts/

BTCeminjas

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Quote from: 13abyknight on March 01, 2018, 11:05:29 AM

I don't think price fluctuations matter that much to the regular gamblers at all since they do their own thing and always stay ahead of the curve with decent profits at their disposal. It does take a significant amount of time for the crypto market to rebound and settle down at corrected prices but this barely has any impact on the staunch decisions to continue their gambling activities.

I think true gamblers did not matter on how the fees are covered by depositing to the gambling site as long as they can be gambled whatever the higher fees covered. And I think the fluctuation matter did not affect the gambler whenever it is up and down the price of bitcoin or other cryptocurrencies. But just like ours that only to gamble when we have an extra money if that case I rather wait when everything will back to normal.

13abyknight

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I don't think price fluctuations matters that much to the regular gamblers at all since they do their own thing and always stay ahead of the curve with decent profits at their disposal. It does take a significant amount of time for the crypto market to rebound and settle down at corrected prices but this barely has any impact on the staunch decisions to continue their gambling activities.

ethereumhunter

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Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

It's been nothing less than a roller coaster for the crypto market from highs to low and back to the 10k mark we have seen it all. Now I'm anticipating a good rally coming in the crypto market hence I'm holding back play later on.

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

Do you'll think considering the fees and being optimistic about a rally we should hold before we play, or continue going forward without being bothered, my fingers are itching to play at any rates.

So what are the other gamblers feeling, itchy or taking a break.

I think the best thing that we can do is taking a break for a while until the situations and the conditions is back to normal again so we can playing gambling in another day. I think you can search from other way to still earning money and not just from the gambling because you know how painful we are if we are getting lost.

goinmerry

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Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

It's been nothing less than a roller coaster for the crypto market from highs to low and back to the 10k mark we have seen it all. Now I'm anticipating a good rally coming in the crypto market hence I'm holding back play later on.

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

Do you'll think considering the fees and being optimistic about a rally we should hold before we play, or continue going forward without being bothered, my fingers are itching to play at any rates.

So what are the other gamblers feeling, itchy or taking a break.

As long as you want to gamble then you should disregard the fees because in the first place, the goal is to gamble. If we care for fees then why just now and not before. And besides, gambling enthusiast will always gamble no matter the fees or what is the current crypto price.

If you can't handle it, then refrain from playing at the moment.

BlockEye

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Quote from: gabmen on February 28, 2018, 07:34:45 AM

Basically you're gambling in satoshis and not in dollars, so if you're lke earning btcs and not buying them, then there shouldn't be much of a difference if the fiat rate goes up or down. I usually don't have any sats to spare unless some that are left from trading.

Even if you are looking in satoshi. The amount of fee in satoshi is increasing too. Last year, the fee was around 10ksats to 30ksats but now it increase to 100k sats above which is very high for fee. It is better to use altcoin like ETH and LTC rather than BTC. It has less transaction and confirmation speed is fast compare to BTC. It is important to consider transaction fee so that you will not be in loss before you start gambling.

gabmen

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Basically you're gambling in satoshis and not in dollars, so if you're lke earning btcs and not buying them, then there shouldn't be much of a difference if the fiat rate goes up or down. I usually don't have any sats to spare unless some that are left from trading.

eternalgloom

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I personally do change some of my gambling activities depending whether prices and fees are high or low.
Now that Bitcoin's price has dropped a little and the fees are so low, I use Bitcoin more often for gambling.

Otherwise I just use Litecoin for example to deposit and play with. The prices don't have an effect on how much I gamble though, that always stays about the same...

Kemarit

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Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

It's been nothing less than a roller coaster for the crypto market from highs to low and back to the 10k mark we have seen it all. Now I'm anticipating a good rally coming in the crypto market hence I'm holding back play later on.

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

I don't know mate, but why you moved your alts where there are gambling sites that directly accept it?

Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

Do you'll think considering the fees and being optimistic about a rally we should hold before we play, or continue going forward without being bothered, my fingers are itching to play at any rates.

So what are the other gamblers feeling, itchy or taking a break.

I don't think that the fees are very expensive right now, well conversion wise you will lose a few, but as a gambler, I don't care what's the current price. If there's a rally then good, but if the price its on the sideways, I still go and play. Yeah, I say go for it man, you may never know, maybe you can hit 1 bitcoin. Now we can start talking about HODLing it for long term. Grin

mostkey

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Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

It's been nothing less than a roller coaster for the crypto market from highs to low and back to the 10k mark we have seen it all. Now I'm anticipating a good rally coming in the crypto market hence I'm holding back play later on.

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

Do you'll think considering the fees and being optimistic about a rally we should hold before we play, or continue going forward without being bothered, my fingers are itching to play at any rates.

So what are the other gamblers feeling, itchy or taking a break.

good for covering all your altcoin to bitcoin. I feel it too. but from the beginning the price increase then fell and until now I continue to gamble without thinking about the cost and bitcoin price, because if we keep thinking so we will continue to be disturbed for my gambling.

chris200x9

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Quote from: Pursuer on February 28, 2018, 03:59:38 AM

the bitcoin transaction fees are not high at all. in fact they are the lowest possible. I just made a 1 satoshi/byte transaction and another with 0.4 satoshi/byte and they both got confirmed within 2 blocks.

This fee is considered as a very low for me and also the confirmation is quite fast as well.

Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

If I were you I will not convert altcoins to BTC instead play with altcoins because if BTC goes up soon or later all these good altcoins also will rally because these coins also corrected a lot already.

Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

So what are the other gamblers feeling, itchy or taking a break.

I'm not a regular gambler. But sometimes I play a dice game and use BTC if fees are less and use altcoin only if BTC fee is high and taking a lot of time to confirm a transaction.

Pursuer

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Quote from: Juggy777 on February 28, 2018, 12:03:46 AM

However as a passive gambler I need to play a lot so I decided to convert my alts into btc and play but then the fees is a pain in the bum.

the bitcoin transaction fees are not high at all. in fact they are the lowest possible. I just made a 1 satoshi/byte transaction and another with 0.4 satoshi/byte and they both got confirmed within 2 blocks.

if a third party website like exchanges or gambling sites are charging you a lot then you have to complain to them and ask them to lower that amount because it is low at the moment. for example Freebitco.in currently charges 40 satoshi for a withdrawal!

besides I usually leave my funds on gambling sites, it is not much so I am ok with it and I happily play wit that amount without worrying about fees.

as for altcoins, I usually don't get them out of exchanges so I never gamble with them anyways.

Topic: Revival of Bitcoins and alts and your strategy. - page 2. (Read 324 times)