Topic: What impact does the BTC price have on your gambling habits? (Read 542 times)

Well, although many say that it has no impact , I think that if there is , that each satoshi that moves has more value and that it does have a good impact, therefore it is something that we have to see from the most common point of view. so that it can be the most prescient to do it well, that is, when I know that the price of bticoin goes up in price I try not to play too much risking btc, but something else, maybe usdt, or some other altcoi if I have it,  I am not into using altcoins for now , because the only thing that matters to me for now is having Bitcoin, so this is what can be seen as a way to do things better, I am a Person who does pay attention to the moment of playing in a casino the price of bitcoin, because it is something that I cannot help but see ,However there are Many that start from the principle that a BTC=BTC,  where what is risked are sats and that's it, the value of the fiat money not Seen , but I think it is Relevant to see it.

When in 2017 I was doing everything to have the highest mount of sats in freebitco.in I was my user that the price when I Bought BTC was more difficult to win in the multiplier, that was something incredible, or I know how you can do, how can it happen but it is like that, but that's how I felt when I was playing this time, or I know what impact it will have more on the casinos, but I think that the impact would be more on the casinos than on the Players themselves, because the players obviously What they want is more satoshis and the casnios are the ones that become something difficult to win, when it appears it is as if the casino's Advantage went up Much more and it was more difficult to win, that's what I felt when I played at that time, in fact when it happened the rises of bitcoin because I tried not to play because it was Difficult to be losing the sats, but now the perception is different, people just like to do all kinds of activities and they start doing that every time they enter a casino, well They want to play and win or lose the same, and like they don't Give Importance to that.

It is not really about btc price increasing but it is that people value to hodl bitcoin more than any other coin because of it potential as an asset to make profit from while hodling it. I think the reasoning is if you can have profit from bitcoin while hodling it then why use it to stake as well, so that could be the reason to use other coins like usdt. It is more of a psychological thing than reality because if you bet with bitcoin and win you still get the winning value in btc.

I don't think the BTC price will have any effect on gambling habits because gamblers are usually used to gambling without worrying about which direction the market is going. Bitcoin is generally a long term investment with good returns so it is better not to risk gambling with such a valuable currency. If the bitcoin market changes rapidly there will be no time to make a decision if you lose bitcoins by gambling then you will be disappointed if the value increases so it is better not to use bitcoins for gambling. Gambling always involves risk and the chances of overcoming this risk are very low this is why gambling itself, does not waste money like bitcoin.

I don't know how other gamblers feel but as a gambler I think BTC price doesn't have much effect. Because when gamblers place a bet, they don't think about the BTC price, but how much money they can put in that bet and how much return they will get. Until a gambler converts gambling ‍assets into fiat, he doesn't realize any change in bitcoin price going up or down. But if gambling with Bitcoin, if that Bitcoin is in the wallet, a gambler will definitely be profitable there due to the holding. Also we do not find any data where the number of gamblers has increased and decreased due to bearish or bullish trend of the market.

You don't go to your long term holding portfolio to withdraw into any casino account, like who does that? Your Bitcoin bag should be put aside from your gambling account, when you have the money to risk in gambling you can use that to buy Bitcoin and send it to the casino account, but do not use your main Bitcoin for gambling.

If you are eaarning $100 per week you can use 2% or 5% to buy Bitcoin and send to your gambling account, this will not make you feel like you are wasting your Bitcoin on gambling, unless you are getting paid in Bitcoin every week or month.

Also do not forget that you can get more Bitcoin if you win some money too, if you are a responsible gambler it shouldn't be hard for you to do, the best thing anyone can do is to keep using small amount that they can afford to lose in gambling.

A part of me is even feeling like getting paid in Bitcoin can make you think straight with gambling, you knew what Bitcoin is turning into this days, this can make you tune down your risks on gambling because you are using something far more precious to gamble.

Base on my experience when bitcoin is price goes up there are times can be tempting to I gamble more. But it's important to be careful. I set a specific amount of money that I'm okay with using for gambling and I don't go over that limit. Trying not to make quick decisions based on bitcoin's changes. Keeping things in check to stay safe and enjoy gambling without risking too much.

That is the best way to stay long in gambling to achieve what you want to achieve in future because, increasing or decreasing your money for betting will not guarantee you success in the gambling center but just try to gamble with sense. I do gamble with $4 daily which, I have stand on it over some years now despite that I use to win small amount of money from gambling but I know that a time will come, I will win millions but I will not change that amount of money I use to gamble so that I will not regret in the future.

Whenever there is a bull run in the market, it gives me opportunity to sell my BTC to have more money in my account to gamble and continue to hope for a better luck to come in my betting.

What you say could be an option for gamblers because by using stablecoins, the value of the money will be fixed and not change. But if a gambler is comfortable with bitcoin, he will continue to use bitcoin, no matter whether the price of bitcoin rises or falls, because he has gained comfort in bitcoin. Maybe the only thing that concerns him is that Bitcoin transaction fees can increase as they are now, so that's what makes him move to other coins for gambling.

Yes, that's why we have to have good self-control when gambling so that we can limit our budget well and not gamble excessively. We must be responsible for our gambling activities so that we will not experience any problems, let alone experience gambling addiction, which every gambler must always avoid. And it is true that we can gamble on another day and do not need to spend all the money we deposited on this day to gamble.

Basing up on the poll!
Nothing = the same!   - 17 (47.2%)

Majority had chosen up this one and telling that they wont really be that having that care if the price of Bitcoin is really rising because we would really be that
always be pertaining or would really be checking out about its USD value and doesnt care on how much coins or sats you would be able to use of.
Most gamblers wont really be bothered not unless to those small time ones specially making up some transfers are now pain in the ass considering
the fee involved.

On my part, i cant really deny nor really be lying that fees now are high and since im not really that a heavy gambler then it do really matter
whenever i do make out some transfer on which there's no way that you wont really be bothered on making out such transaction.
If things turns out to be normalize then it wont really be that an issue. Investment side or concern on this time is unlikely for
those people who do gamble into platforms.

never felt any impact and what I did was gamble according to my wishes when I wanted to bet the value I wanted no matter whether the BTC price went pump or dump. even if sometimes I leave my budget in my gambling account when BTC price pump and the amount I have increases, I also dont care because whatever happens is my budget and in fact I feel happy that the budget I have increases in value so I can gamble longer.

one day I saw someone around me who also bet with crypto BTC in 2021 when he was bullish he had a budget in his account and at that time he bet with a larger amount but ended up regretting it because of the loss he got.

Bitcoin's volatility is a double-edged sword, right? Riders can survive, but FOMO when the bull peaks and you've lost it is devastating. Smart gamblers choose stablecoins. While the thrill remains, the price doesnt soar. That was clever. We shouldnt kid ourselves. Gambling with any money is dangerous. Setting limits? Important beyond words. Poker is exciting, but you must fold when you cant see your hand. In this game, debt is dangerous. No matter the score, how many more games you play. You make a good point about obligation. Gambling requires talent and luck, but control is most vital. Losing and winning are like two sides of the same coin. How you bet matters. Being knowledgeable, cool, and following the rules is crucial. Continuing like that puts you ahead of the pack.

If the gambler want to play the gambling,it’s better to start the gambling atleast with the 200 dollars.Because if you had loss the 100 dollars on the continuous mistake of betting,the balance 100 dollars will help to manage the recover of the loss of 100 dollars.So start the gambling with the certain margin value will help you to win.If you start the game with 30-50$,it won’t make the much change in the gambling betting.The possibility of winning the game also low,So my opinion to other gamblers will use this strategy to get some profit in the gambling and bitcoin price will increase the number of betting to that particular time period.

Thank you for all your comments and for those who voted.
The result and what you described are interesting. I think this is really useful information for gamblers and platform owners.
This survey will be blocked in the next few days and the results will subsequently be made public.
hurry up and answer!!!!

If you had 200 dollars worth of BTC on your gaming account and the value rose by 50%, then chances are that players will play less and much more careful.

If price rose today and you deposited say $100 worth of Bitcoin then the value means nothing and your play style will remain the same as you would if you had to play with $10 dollars.

AFAIK only users that have seen a gain on their asset value would exhibit a change in play style.

This is also my usual practice as I bet most of the time USDT converted into BTC so I can get the fix amount based on my capital.
If you are a gambler it's good to always have your capital and commit or that whatever the result of your playing time. The volatility of the market might affect the value of your money but still if you are more responsible and know how to gamble properly, that can be good. Many are not playing when the price of Bitcoin increases for some reason, like the fees are high, and they do more trades during the up trend.

If bitcoin price should increase, that should be an added advantage on us especially when we have some reasonable amount of sats on our casino wallet stipulated for gambling, though this shouldn't change any of our decision on the rate of amount used for gambling, neither should it affects any of our assigned rate or amount to be used for gambling, atferall we should always be reminded that gambling is all about risk and what we can afford to loose should be used in gambling, irrespective of either a bear or bull market is going o with bitcoin.

The easy way is not to use bitcoin to gamble when the market is bullish, of course there will be deeper risks and regrets when the price of bitcoin rises, it is better to use stablecoin which is easier to use when gambling so that there is no regret when the price of bitcoin rises, it is true that we all You still have to control how you gamble so you don't exceed your limits.

Anything that exceeds the limit will not be good. In the end, we will only go bankrupt because of gambling. It is better to control our emotions and limit our budget so that there are not too many unnecessary losses so that we can still gamble again the next day. Also understand that when we gamble, we must remain responsible. be responsible and wise in betting because it will determine our own victory and defeat.

Increasing price or Bitcoin decreasing in price, I do still maintain my budget, I don't increase or decrease my budget as the few times I have tried to do that, that is to increase my stakes I ended up losing more money, Therefore, I now stick to my plans regardless of what Bitcoin is doing, Though the benefit we get from this increasing Bitcoin price is that your funds are now worth more in dollars as compared to when BTC goes down in value.

There is no impact for me because I always use USD/IDR to set my gambling funds, so no matter how much the bitcoin prize is, I will spend the same value in USD/IDR.
Other than that, I do not gamble using bitcoin much as I prefer to use altcoin such as TRX, LTC or USDT.
Still, even if I have only bitcoin in my own wallet, bitcoin price will not give any impact but the transaction fee.
For small player like me, spending too much for tx fee is not worth so tx fee of bitcoin is the one that give more impact for me as well as tx fee for other coins.

No impact for me. I gamble when I really want to. If I don't want to gamble, I won't play. But if the price of bitcoin goes up, that means I can reduce the amount of deposits in bitcoin so that the amount of money I get in my gambling account is the same as before. I also don't play more even if the price of bitcoin goes up or down because I don't have a regular gambling schedule. But I often gamble when the price of bitcoin rises because I don't need to use more satoshis.

But the important thing of all is that we still have to control our gambling because when the price of bitcoin rises, we will have more money so we think we can gamble longer than usual. Thinking like that is okay, but we have to control ourselves so we don't experience too many losses.