Topic: What impact does the BTC price have on your gambling habits? (Read 554 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.

I would say when BTC is up, I make more money, because I have more money, I gamble more. That has been the case for a long time but I am not talking about smaller increases like we had right now. Like going from 25k to 35k is not what I need for a lot more gambling, I end up gambling in situations where it is more like where they end up with much higher increases, like if we go above ATH again, and be 70k or more, then yeah I am going to end up gambling a lot more, that part is guaranteed.

I believe that the best thing to do right now should be something that we could end up having a great return to, that has to be something that we need to care about. I believe that we can't really make it change all that vastly though, it is just a little higher.

As much as I want to say nothing just like anybody else but I can't. The amount of bitcoin or crypto we mostly gamble varies depending on it's value on the market, it's also the reason why the amount of bitcoin being gambled from when I started gambling way back around 2016 isn't the same when gambling right now.  Let's just say I used to play dice with every bet being around 1-0.5mbtc before which isn't that significant amount at that time but if you compare it to today's market and value, there's a high difference.

Bitcoin has had quite a few periods of stability lately, where it has stayed in a certain range for weeks on end, so if I was just gambling with money earned during a particular week then it wouldn't make much difference. However if you have a big sum of money stored in a wallet that has increased in value substantially over the last few months, since it bottomed out around 16k, then you might find that taking it out has easily doubled your money without having to risk anything at all. Ideally though, you should be gambling with units of currency that have a pretty consistent baseline value and are not susceptible to massive spikes or busts, because gambling is hard enough without that element of uncertainty.

Nothing!!! Just nothing.

The amount I used to gamble remained the same despite the price of BTC or any other crypto currencies. My gabling activity and bitcoin prices are two different things. You can mix them. The value remains the same. I have a strict money management rule and a limit of my gambling activity. That means, after a certain amount I won't gamble even if there were a chance to big won. I won't go over my budget. I only gamble what I can efford to loos not what I can win. So yes, BTC has nothing to do with my gambling.

The question is basically directed at the gamblers that use Bitcoins for their gambling activities which is why the price of Bitcoin can impact their gambling. If Bitcoin's price is $20k and you are spending 0.1 BTC in gambling in a month, it means you are spending $2k, but if the price of Bitcoin goes up to $30k or even $40k, the same amount of Bitcoins will have a different and higher value, or if the price drops, it will have a lower value which will obviously have some effect on your gambling activities.

This is the reason why I believe a gambler shouldn't use cryptocurrencies that are volatile for their gambling activities because it can be costly. If you lose 0.1 BTC when its priced at $30k, and after a month, it goes to $60k, you will regret doing that because if you didn't do that, you could have double of what you had spent on gambling. It is also difficult to keep a count of the bets and how much one has won and lost, using stablecoins for gambling is better for this reason.

Bitcoin's price movements are not very important for my gambling pattern because I gamble for pleasure at regular intervals not depending on the price. When the Bitcoin price moves upwards it only has the following effect;

I spend less Bitcoin for my bet amount that I set in USD and I spend my Bitcoin balance in a lower amount for gambling. Even though I place bets with low amounts, in some cases it causes me to spend noticeably less in Bitcoin. Additionally, Bitcoin transfer fees increase in such cases (price increases) which in some cases has the effect of not using my Bitcoin balance for gambling. However, as I mentioned possible price changes depending on the Bitcoin price don't cause me to give up my desire to gamble or postpone it for later.

First of all, I'm not playing using a BTC but I use only altcoins and some times stable coins ( the ones that has a cheap fee ) eg on Tron, Polygon and Binance network, so therefore I am no way affected of whatever the BTC is doing. Whether it's price rise or decline, my gambling sessions are always be the same but it may depend only on my budget.

We all have a hard time when it comes to budget like we are limited of it, for some reasons. That is only going to be the time that I can limit my self playing for a while to prioritize my other expenses which are more important than in gambling. I'm aware that the BTC fees have sky rocketed lately. May be this is the reason on why you @OP ask this, as you are curious if those BTC users still continue playing as usual. If they are a whale gambler, definitely but if they are only a small-time gambler. Maybe they are affected.

Bitcoin should not be the measure to determine our gambling habits, our personal behaviours doesn't have anything to do with bitcoin price, when the market rises, we gain and this doesn't determine the state of our personal behaviours, there are some things we need to work out for ourselves, maybe some may disclose that they don't gamble when the market price is dip and that has nothing to do with their gambling behavior as well.

Yeah it really don't matter for those who gamble with bitcoin on how much the coin can pump or dump because it also get back to them in same value as it has left there wallet incase they win.

I think they only bother about two things when using bitcoin and that is how to win the bet.

Another thing that could bother them is how much fees they will be charged when the mempool is full in traffic or congestion.

If my coins is still stay inside the casino, there's be no difference.

But if I don't have any coins in my account which I need to send from my wallet, I will choose to use other coin/token since when Bitcoin price increasing, the mempool is congested and I need to pay higher fee which isn't effective.

The truth for me is that, I do not gamble or play gambling bitcoin, and even if I have bitcoin and do not have other coins, I will simply convert my bitcoin to any other coin I wish to play gambling with, which most of the time is always usdt.

I like playing gambling with stable coins only as they enable me to effectively and easily calculate and know the actual amount of money I spent gambling, and also helps me know my actual profit - in terms of winning, and my actual loss - in terms of losses.

Bitcoin is for investment only, so I prefer gambling with other cheaper coins, like trx, Shiba, doge etc, but Iike I already said before, I mostly use stablecoins like usdt.

You are correct about this it's only gamblers like us that gamble less often that will be  worried about bitcoin price and their gambling going by how every bitcoin they lose they would be thinking of how much profit they could have made from it with bitcoin price rising in future. But a true gambler, one who have soaked himself to gambling care less or nothing about the price of bitcoin when he wants to gamble.

Technically it's with polls of this nature that we get to know who the true gamblers are, differentiating the boys from the men when we talk gambling though those that are struggling with gambling addiction should consider themselves as core gamblers because a core gambler should know better how to be in charge of his response-ability in gambling. Anything out of the equation you're just part of the problem to the negative aspersions from society about gamble.

Yes people who gamble never hold bitcoins on gambling sites. People who gamble regularly don't think it has anything to do with Bitcoin price going up. People who gamble regularly think about how they can win gambling. A gambler then Bitcoin price goes up.  Will think about when he appoints Bitcoin B. Also, no one seems to think about this issue. But now the Bitcoin market is going very well.

You have raised very key points which I agree with. I am less concerned about the price of Bitcoin and my gambling habit rather I am more concerned about not exceeding my gambling budget whether I am using bitcoin or not. Because of the unstable nature of Bitcoin I always take caution when using it for gambling. Solid altcoins are the best alternative. I rarely use fiat.

I don't think there will be any influence because I don't use BTC for gambling, after all not many people want to gamble with their BTC or crypto, on average they use stablecoins more often so it's easier to use because it won't be like crypto which can be worth some time , so prefer to keep crypto as their investment rather than as a means for gambling.

But even so, there are still some people who might still use BTC if the price increases of course they are also interested in multiplying their BTC from the gambling they do in casinos, usually the higher the price of the crypto they use the higher the risk of losing its value, I personally don't Doing so does not even recommend novice gamblers to use crypto in gambling when the crypto market is bullish. 

There's still a little change, I think, because if you own Bitcoin and you are just using it bit by bit to gamble, you might sometimes feel that if you lose your Bitcoin, you are also losing the opportunity to see it increase in value due to the bullish movement of Bitcoin. As a gambler and investor at the same time, it's important to ensure we treat what we are doing differently, and that would only happen if we are not greedy to make quick profit.

People who gamble always focus on how much they can win. And gamblers never hold bitcoins on their gambling sites. a gambler's target is only to place a potential bet. So I agree with you that Bitcoin price increase will not bring any change in gambling habit.  But the change will bring those holding Bitcoin. So neither pumping nor dumping the price of Bitcoin will bring any change in gambling habits. Meanwhile, I always gamble against the dollar, so it doesn't matter to me whether the price of Bitcoin is pumped or dumped when it comes to gambling.

I would be fine regardless of the price of Bitcoin because when I'm gambling, I separate my Bitcoin for that purpose only, and the rest is for investment.

However, recently, the transaction fees have been very high, so it has a big impact on me. I can't gamble anytime I want; I just have to wait until the transaction fees become more affordable. As of now, it's still not affordable, with transaction fees as high as $5. I'm not a high roller, so this really affects me.

Well, my investment in Bitcoin has nothing to do with my gambling activities because I have already determined how much money I have to invest or gamble each month from my salary, so whether the price of Bitcoin goes up or down, the amount I gamble remains the same. just.
However, at some times I reduced my gambling intensity to invest more in Bitcoin, for example when the price of Bitcoin fell some time ago, I diverted some of the money that I should have deposited into my gambling account to buy Bitcoin.

The Bitcoin price has zero impact over my gambling habits. Why are you asking this question? Does the Bitcoin price have any impact over your gambling habits? I agree with other forum members that gambling with a deflationary currency/asset like Bitcoin seems totally stupid, because the BTC price might grow in the future. That's why I usually gamble with really small amounts of BTC or with fiat/altcoins.

That's why I said I'm not gambling up my BTC portfolio and I'm not that of a regular gambler tbh and more into trading and investment. Of course I'm not increasing it via gambling that's more risky than playing it out on some onchain investments. I'm gambling my fiats or stablecoins.

Pure dumb and that's for sure the least I'll do. I'd rather trade it on futures with low leverage rather than gambling it off.

I play the same, but not because of the influence of the BTC price, but because I don't have much time to bet, so the amount is the same, I could even say it has decreased, but looking at the current price changes, perhaps gamblers who still have altcoins such as stablecoins will prefer to use these coins rather than Bitcoin and the target is always the same, namely waiting for a bullish period that will provide more profits, and fortunately, crypto casinos provide different payment options so that rising or falling BTC prices will not affect players to keep playing because they can use other coins.

But if you are good at gambling like some people claim to be profitable, then it will not matter the price pump or not because you are still going to be paid with it if you win. This is just saying that the volatility doesn't matter in gambling but you can still use usdt if you fear the pump might eat up on your btc.

On the flip side, we have to stay with what works for us. If you have found trading to be better for you and giving you more returns then stay with trading. However, I believe both are risky and if you don't have good management in both, you will see they are the same. same as losing .

Personally I have chosen "Btc UP = Play More", because when I gamble in crypto, I still mentally convert bets to USD. For example instead of betting 0.0001 BTC, I would use 5 bucks as a measurement and placed 0.00014 BTC. The higher BTC price, the higher USD my balance is. I call it like free budget. And, if a week ago I had 0.013 and it was 448 USD, and today it is a round 500, that many would withdrew (just because 500 bucks looks more solidly than curved 448 bucks), I would keep it and gambled for 50 bucks

I usually have a gambling budget that is financed by my fiat earnings. This means that the price of bitcoin will have no influence on my gambling activities. But if my gambling account is financed by my bitcoin earnings, I will consider reducing the amount I spend on gambling because bitcoin is more profitable now and I am even searching for more means of earning more satoshis. I will not take the risk of gambling with my bitcoin when I can make more money if I keep it.

Although this is beyond the scope of this discussion transaction costs will have more influence on bitcoin gamblers' behaviour than the price of bitcoin. Transferring funds to your casino account might be too expensive to consider and this could lead to the reduction of the use of bitcoin for gambling.   

For now, the BTC price have no impact because I still have no plans to gamble. But if ever I had to gamble I think I have to spend not more than $100. Prices won't be affected since I am not into crypto gambling. I actually tried it before but I feel safe and comfortable with the fiat one.

The same goes for me. Due to the current market situation, USDT is more preferred by most gamblers to use in gambling than Bitcoin. As the price of Bitcoin continue to increase, probably gamblers preferred to hold their Bitcoin than risk it in gambling. Aside from that, transaction fees are too high. Also, the USDT value is determined by a 1:1 rate to USD. No overspending will happen, unlike when you use Bitcoin, the opposite may happen.  

Everytime, the price pump I decrease my playing session once the price pumped, every sats counts for accumulators like me, you know in gambling there is no guarantee of making money you should only play with money that you can't afford to lose but this does not mean that I will stop playing I will continue to play so now instead of playing 3 to 4 times a week I only do it twice a week now.

Gambling takes a backseat and trading takes the main seat for me those coins or tokens that are not performing well in the market now that we are in a bull are traded to top coins specifically Bitcoin.

I've stopped using BTC to gamble since it start recovering from it's 15k dips, my plan is to accumulate many BTC and when it comes to gambling I like using USDT for gambling, few times with Doge coin too, another reason why I don't want to use Bitcoin to gamble lately is the increase in Bitcoin transaction fee, but 1 BTC is still 1BTC anyway, depositing only what a gambler can afford to lose is still the same to me, like buying $20 worth of BTC right now, it's still $20 for the day.

Yet my mind is always on what the value of this $20 BTC will be tomorrow,  so to erase this thoughts out of my mind I now prefer to use other crypto coins for my gambling, Doge coin seem to suit my feelings way better than using Bitcoin.

I doubt that I will be changing my gambling habit for any reasons, when I feel like gambling I will always use what I can afford to lose but what I will never do is expecting to win a very high amount from gambling, I have not much hope in gambling because it's not my company that gives me daily source of income, gambling is not a safe bet for anyone.

I do not bet with Bitcoin (BTC) because it is too volatile and also too valuable for me. I collect Bitcoin (BTC) from rewards and promotions that are given by the site and I withdraw it, but I usually play with Stable coins like USDT.

I will then wait for the Bitcoin price to increase and then sell at a profit to buy some more Stable coins with those profits. (Hoarding the base amount) So I basically play with the profits from the Bitcoin (BTC) that I get for free.

Lately, I just hoard all my Bitcoin (BTC) ..because I see it is recovering and going towards the next ATH price.  

I do the same, now I don't use bitcoins for gambling but now I use virtual dollars or USDT for gambling. Now doing anything with Bitcoin means giving a loss because the way Bitcoin is increasing in value we are paying others more for our transactions. Since there are several mediums for gambling, I like to gamble using them. Currently we are experiencing high transaction fees in Bitcoin, we have seen issues like this in the past where we had to pay $8 to $15 per transaction to trade Bitcoin. Bitcoin transaction fees are high now so I don't want to trade bitcoin now. Since I don't need to trade bitcoins much now I will trade bitcoins when bitcoin transaction fees are back to normal.

It doesn't have any impact since 1 BTC still 1 BTC nothing change we can still play normally without worrying anything related to price action. But maybe for other they are counting the value since it adds up their losses if the market dump so for sure they get stress on certain condition and that could ruin their game.

So far it didn't change my gaming habits I still play according the sessions I play same as before and also I see known people do the same so for that nothing really change. But there are some factor can possibly affect since if bitcoin price pump we need to deposit more $ in value so that we can reach up to that BTC figures to use for gambling, but still depends on people since not everyone has the same mindset since this might affect those people who usually place small bets since this is the only amount they can afford.

The price of Bitcoin rising or falling does not affect my gambling game. If the price of Bitcoin goes down, I'll switch and use stablecoins because I can deposit the same amount. But when the price of Bitcoin rose, I again deposited a number of satoshis to gamble with the same value as stablecoins. For example, I usually budget $20. That's the amount I always use in Bitcoin or stablecoins.

Playing more will only make me lose control. That's why I always limit my gambling games. I don't want to lose more because that means I will lose more money than I can afford.

But I can also not gamble when the price of Bitcoin rises or falls, especially when I have more sudden needs that need to be met. I can stop myself from doing it for some time because I don't gamble too often. But gamblers who gamble frequently will not be too affected by Bitcoin price movements. They will still gamble.
​

Back then, I remember playing less a couple of times because the BTC price also caused casinos to change the minimum amount for their deposit and withdrawals.

Now, I still play at more or less the same pace when there's no need for me to react to every BTC price change and it doesn't affect me as much due to some casinos that automatically convert my balance to fiat during the deposit process. I guess it still depends on the intensity of the price change when they're not all the same.

It does have an impact of peoples gambling habit. When BTC prices starts to go up, people that have been holding the coins in their wallet starts to make "profit".  They have  got more value in their wallets without even doing anything. So yeah, it kinda tempts people to gamble more because they feel "richer" than they were before the price went up. But here's the thing, they end up betting less BTC because each coin is worth way more in fiat currency than it was before. More like, high BTC price = less coins on the table, but the actual fiat value we're playing with? That goes up.

If you are that someone whose really that going for long term or having that kind of investment then spending up your coins specially Bitcoin and other top L1's into your portfolio is never been ideal.
Also, trying out to increase your holdings via gambling? Its never been that a good option to be made on. Most gamblers do make use of their balance which they dont really care about its potential
or simply when it comes to investment matter on which they would really be that hesitant if they are really that trying out to accumulate Bitcoin and now the price had rise up then for sure to those who had taken some profit would really be trying out to cash out and would be playing out and some would really be just trying out to accumulate via gambling which i could say that it is really a risky move.

Now that the price had risen up and same goes for the fees then i have made out some break first before i do tend to continue on playing gambling.It is really that something that put up
some hesitance considering that the price had increased. I do usually play basing up on USD value and doesnt mind about the satoshi value on every deposits i do made
but pretty much sure that iv'e been doing gambling in moderate manner.

I'm confused which option to choose, BTC Up = Play Less or BTC Down = Play More. They seem similar to me. But when using less and more, I'm referring to less or more amount rather than less or more bets or games. It's normal to increase your BTC bet if the price of Bitcoin is low and decrease it if the price is high. If you limit your bet to say $10, the equivalent of it in BTC moves up and down depending on its price. So you will also adjust your BTC bet.

But I'd rather not play with my BTC. I'd rather use altcoins.

I mean there's an error in your grammar that's what I'm trying to say "What if you with?" Double check your question on the poll you've made. Wow, I thought your open to opinions and what I'm just emphasizing here is that I'll play with stables when BTC is going up because when BTC is becoming bullish it's just keep printing, that's my opinion and it's more relevant I guess. My opinion was more like expanding it because not all are playing with their BTC as far as I'm concern.

Since we are using the crypto based gambling,the price of the bitcoin surely had their impact in the gambling.Because we are getting more dollars from the same bitcoin after the rise in the bitcoin price.So the gambler can make additional dollars for the more betting with the same bitcoin.Bitcoin alone help the crypto gambling to survive for the longer period of time.Many crypto traders was get into the gambling,so now we can able to find the traffic in the crypto gambling.Only the crypto traders can able to inverse more in the crypto gambling as compared to normal people,because the crypto traders had their potential to use their holding cryptocurrency.

I am not compulsive enough to place a bet looking at the overall price of bitcoin. If the mental frame is good enough to wage some bets, then it does not matter what the price is as long as i am holding the coins. For new users who are placing a bet, price is a factor, the more price the less coins you can gamble, not the case if you are holding the coins  .

It really makes sense.
As long as the casino provides an alternative to using other than Bitcoin, then this can be taken. Especially if, for example, we feel that transaction or transfer costs are higher during an uptrend like this, then we have to be smart in looking for alternatives, right? Maybe Bitcoin is the most trusted and there is no doubt about it, but if we are already on the platform and know several alternative coins, why not try it? unless there are no changes in fees or anything else. but usually it's better to choose stable coins.

I don't think that Bitcoin price have an impact on my gameplay since I always use a fix bankroll in USD when I am playing. This bankroll determine how long I will play on the casino.  If it gets depleted easily, I stop playing and if I am lucky, I am able to play several hours with winnings in my hand.


As I stated the time spend in playing in my gambling activity is dependent on how lucky I am on that session.  I always put a fix amount in my bankroll so whether Bitcoin price is higher or lower does not affect my gambling activities.

I think this question is incomplete. There’s no way to tell if one plays more or less when the direction of Bitcoin price change is not specified. My suggestion for active gamblers who gamble on platforms that use Bitcoin, have a budget that is tied to dollar and not a specific amount of Bitcoin. Deciding to set your limit at $30 a week is better than the defining it in Bitcoin because Bitcoin price appreciates over time, and so if you were to lose, you won’t lose more than $30 when the value of Bitcoin is higher.

Yeah, if you allocate $100=x the amount of bitcoin there's nothing to worry about. However, maybe there are gamblers that might think to completely stop using bitcoin specially when the price is high or at least they want to hold it for the meantime and see how goes.

I think I might have done it way back in 2017, as it is my first time to see a bull run so I just stop using Bitcoin for good for my gambling activities. Besides that time the fees is too high so it's better to just used altcoins. But let's see, the price right now is also high and so is the fees. So it's better at least for me to used other crypto for the meantime so that I won't spend too much on tx fees.

The only things change is that on the fees involved on which we know that it is already that high and this is something that would hinder you on making some transactions but in overall
it is really just the same specially if you are really just making use of your Bitcoin which you would be always pertaining into its USD value. Yes, the amount of bitcoin would really be that less if the price is high and more if its low then it would really be just that according or depending on you on which one you would really be sighting whether you would really be applying some investment
approach or would really be just basically be spending those coins totally and dont care at all.

There's none. I still gamble no matter what the price of bitcoin is, although of course I won't be using bitcoin and switch to another crypto that I still have. If that isn't viable, I'll go ahead and use fiat and just play in a local casino. Recently, I find myself using fiat more in sports betting and I'm doing okay. Most of my crypto gambling accounts no longer have funds in them which is why I'm forced to use my local currency. But, if I ever find myself really wanting to play in a crypto casino, it's easy to buy XRP and deposit in a gambling platform then I play away. Fees are great, plus the transfers are fast, too.

Well like others say here, nothing becauss I still play the allocated amount that I usually usef to gamble, for example in every session I only use $100 worth of BTC if I'm playing in a crypto based casino, then even the BTC price changes I still will used $100 worth of BTC so nothing changes, I still will follow my limit in gambling, but of course if the price moves I will choose not to gamble at all, because I will be focused on doing trade at that time. I only do gambling is the BTC price is calm or minimal movements. But yeah in summary nothing changes in my gambling habit it will still be the same. Maybe the the impact of Bitcoin price movement will be in other aspect like in trading or such but in gambling I'm sure gamblers will not be affected to it, as you will only spend the assets you have.

Most slots have a minimum bet of 10-20 cents, and my max bet is $1. So I always play the same, but when the BTC price rises, then I spend less BTC for the same plays, which is good I think.

I guess most of us have the amount we can afford to spend for gambling, and I can bet that amount is dollar/euro equivalent. So we don't change our gambling habits, but we change the amount of crypto we are ready to spend for gambling. So when the price of crypto is dropping we deposit more, but when it's rising we deposit fewer coins.

I so much value my bitcoin investment and for this I will only play few games with bitcoin because there us a better days ahead of us when bitcoin price will be in the bull run and hit the new ATH, by then I can make good profit from my investment portfolio and increase the amount that i do play with but for now I have limited it.

Although, the rise in bitcoin price is an advantage for gamblers that gamble with bitcoin to have more fun but at the same time, there is a high chance of your losing your bitcoin and that us what I am avoiding for now. It is good to have a fixed amount that you use in gambling no matter the increase in bitcoin price and vice versa.

There's really no change. Nothing.
I am still playing the same amount not less not more. The change is in how much Bitcoin I input at every deal. Let's say I am using 200 satoshis for every round in casino games, now I am just using 100 satoshis because of the higher value of Bitcoin today. But when it comes to the amount of gambling hours, I didn't change anything, I am just more careful because I really want to win so that I can withdraw it if the planned amount of withdrawal is reached.

The same thing with my sports betting. I divided the amount that I was betting in 2 because I didn't want to get rekt easily as my main purpose was just to add more fun and be more entertained while watching the game.

Perhaps gambling behavior may or may not depend on bitcoin volatility.

Personally, I always separate them and don't see any connection. I'm not a regular gambler and I'm always ready to spend a small amount of money to find fun with slot machines. It's similar to how we can spend some money to buy packs of cigarettes, candy, bottles of water,...

But perhaps for those who have participated in online gambling for a long time, they also know the use of bitcoin as a payment tool, so they also agree that it can also create behavior for other people.

Well this is a very good question, We all are crypto users since gamble with crypto casinos and make deposits with Bitcoin or any other coin or token. So automatically, we have or hold some crypto and the best one to hold not only in my opinion but the fact that it’s a good and less volatility compared to other beside more secure.
If we are speaking logically, it’s better to not play and gamble that much when bitcoin price is going up to gain more since gambling has more chances to lose than gain. But for me personally, I feel happy when bitcoin price is going on UP direction so I automatically gamble more and I believe most of gamblers do the same.
The impact of bitcoin price can really effect our gambling schedule, knowing that you have got more money since bitcoin gained price we attend to play more which is totally wrong if you want to save more.

The increment of bitcoin will not make someone who a gambling enthusiasm to withdraw from or limit the value of bitcoin it uses in a gambling, if bitcoin price increases a gambler will calculate the ratio and value to that particular amount it uses to play before to use and gamble for now, some people who is into gambling most specifically forum signature participants does not find it difficult or discouraging by using a particular amount of bitcoin to gamble, so therefore gambling with bitcoin is advantages to signature participants because they earn in bitcoin, but that will not make them not to have a limit of bitcoin they will use to participate in gambling, actually who is a lover of gambling will not find it hard to gamble with btc as the value of bitcoin increases

This is a very good question and I think I came across this one in the past already, but I think it is still valid to ask again. Concerning myself, I think I am holding myself back from gambling when Bitcoin is rising or there is lots of positive sentiment about the BTC price. Because when I lose a bet I feel more guilty when my precious BTC is gone and when the BTC price is moving sideways, I don't know but I think it doesn't hurt as much because FOMO doesn't come into play as a catalyst for feelings of regret. I know that people will now recommend to not play at all then, but I thought I'd share it with you.

The price of Bitcoin definitely influences how I play the game.  When BTC is pumping and I'm riding that crypto high, sometimes I get a little reckless with my plays.  The exhilaration of watching those gains stack makes me want to just go for it without thinking too hard.  But then again, when the market is tanking and my portfolio looks like a hot mess, I get way more risk-averse.  I'll play it safe make the careful moves, and try not to lose any more sats and  it's all about finding that sweet spot between being bold and being smart with your money.  You gotta strike while the iron is hot but also protect your investment when things are bearish.

Literally as of this moment, i cant really make use of BTC on my gambling or leisure time. Why? Its obvious just because of the fees on which i cant really afford on paying up that high.

We do currently experiencing at the moment on having that network spam on which those fees skyrocketed once again so its not really that worth on making transactions
not unless if you are a whale then you wont really be bothered on spending up those few bucks in terms of fees on which there's really a notable difference among the two
so its up to your own choice which action you would really be taking.

Now in my gambling habit or moments then as usual, i do make use of those cheap ones like Doge or whatever that i do have specially on meme coins
or cheap tokens/coins that it is available as long the fees arent that high then thats what im doing.

It didn't have any effect on me because I have not been gambling with cryptocurrency lately. I think people have choices for what they want to do with their bitcoin. For example, if I have like 5 bitcoins, I can decide that I only want to gamble with 1 while holding the rest in my portfolio for investment purposes. It's a matter of choice as well as the amount of Bitcoin that the person is holding. If someone is holding a significant amount of bitcoin, they can decide to use some portion of it to bet while holding the rest for investment. The bitcoin price is already giving signs that the bull market is going to be a season of profit, and I will not even spend some bitcoin on gambling now.

Nothing because when I am betting I only stake the Bitcoin amount and not the dollar so if I win my total winning will still come in in Bitcoin same thing goes when you lose also,  so to some extent,  it is clear that the Bitcoin market condition will have little to nothing to do with how I bet at some point and that is what have made up for my choice,  so it will be at the point of exchange that we consider the $ value of our winning,  aside from that,  when it come to playing games and staking I don't think there be any considerations due to the market.

So Bitcoin market conditions have nothing to do with my gambling habits and regardless of what the outcome of the Bitcoin market is,  I will never allow myself to be eaten up with that market outcome at any time since I know it be a temporary market condition that will not last long.

Even in such times of high fees either because of volatility or something else and casinos increase their transaction fees to their platform , what you can do is to convert your transaction coin to stable coins like either usdt and that will reduce the fees to 1$ which will be very cheap compared to transacting directly on the coin without conversion. It is easier that way than doing a direct transaction with high landing fees.

I'd say it has a positive feedback towards my gambling habits. Especially during 2020s when bitcoin was soaring high in value. And while I don't think it directly affects my gambling behavior really, more like it just coincides sometimes, and during 2020s people didn't have that much to do with the money and time that they have so my friends and I started gambling our time away to pass the boredom and shit. But right now that bitcoin's pumping I'm feeling a little confident in my bets, and I feel like I'd win a lot (I do win a lot or at least I am always able to secure every win I get) so this time it could be different and the recent bitcoin happenings may really have affected my gambling propensities. Whatever though.

 

Nothing, it's not gonna to effect me.

The reason are because, most of cryptocurrency in (Gambling) are being used for transaction method. To send and receive as faster we want, and most of crypto-asset being deposit are credited with estimation ($) at the time you are send.

IMO, the only things is effect for us it's the transaction-time. Most the time, If cryptocurrency on bull-run we have overload transaction and is effected to credited balance.

Nothing. Bitcoin's price doesn't have any impact on my gambling habit. What has an impact on my gambling habit is the Bitcoin transaction fee. At the moment we are experiencing high bitcoin transaction fees which is causing me trouble. The impact this has on me right now is that I no longer do deposits with Bitcoin into my casino account, what I do instead is use the usdt for funding my wallet and gambling with it.

Regardless of the BTC price, it won't affect nor have any impact on my gambling habit.

If playing on a crypto-gambling platform, in most cases, there's a feature where currency can be shown in fiat value. Therefore, you can control your bet on a fixed fiat amount whatever the current exchange rate to crypto is. Besides, gambling is gambling and I believe for most crypto-gamblers, BTC price is not really a big deal.

We have noticeably seen an increase in crypto-gamblers over a period of time. That growth alone is enough reason to believe that fluctuations in crypto price don't matter for most gamblers, either beginners, casual, average, or hardcore ones.

I do not think that anyone should gamble their Bitcoin away when going up or down. But we are only human and I cannot say that I have not ever gambled in my life as well...

Personally, I play more when Bitcoin is going sideways, just out of boredom. But when Bitcoin goes up, I also feel like splurging a bit, so I might gamble during ups as well. During down price movements, I feel it is better to not do anything with my Bitcoin, just because it seems like a huge waste for when it goes up again.

Although there is a psychological point which makes Bitcoin more disadvantageous to gambling, than with say, paper money. Its because all we see is a number going down or up. We do not see the physical representation of that value. Which in turn makes us more willing to spend or waste more money.

Real and core gamblers careless about the price of Bitcoin when they want to gamble, their only concern is if they have the bitcoins to gamble with. If they have bitcoins to fund their account with, they are good to go. The passive gamblers, that is people who gamble less often like me will be concerned about the price of bitcoins because we are not used to loosing to gambling and any bitcoin we loose during a time when bitcoin is performing well will hurt very much.

Moreover in the case of winning, you get paid in higher value rate than what you have used to play and that is an advantage. Like for example when you bet with 0.002 in btc when the price is at $36,000 and you won back even at 0.002 but while the price is now $40,000 because of sharp volatility. So when the winning of your bet lands in your balance as 0.002, the value will be higher than what you bet with. This is the advantage to play with btc at a higher volatility alongside other advantage you have mentioned.

Usually an increase of the Bitcoin price translates into a decrease of my gambling activity, because I am the kind of person who would like to hold as many satoshis as possible, so I can take advantage of the bull runs ahead.
If anything, I would say I am more prone to rolling dices when the price stays stable enough and there are no many news around how the price is going up or down.
Perhaps, if I was more into centralized/decentralized stablecoins It would be easier for me not to worry too much about the price of Bitcoin and also roll dices without checking the price for months.

Anyways, It is difficult for me to imagine how an increase in the Bitcoin price could push anyone to wager more. It must be pure greed.

BTC price itself don't really affect my gambling habits (directly at least) but there is some else that does. It is the transaction costs. When the tx costs low, I can send btc to the casino for a cheaper price and that makes me play more frequently. It makes more sense to deposit money while the cost of making a tx is cheaper obviously. However, btc price can sometimes affect the tx costs because the higher the btc goes, the more popular it gets and the more popular it is, the more people rush to the exchanges and that drives the tx costs up. So, I can tell you I often don't like to gamble when btc is going up. In these situations btc prices affect me in a negative way indirectly.

Bitcoin price pump makes play less since I’m more focus on holding my coin and accumulating more instead of risking it on gambling which I knew that I will just lose later on. I experienced painful lesson before when I gamble all my holdings before during bull run for a chance to earn more but the result is the opposite.

I believe regular gambler doesn’t much affected on Bitcoin price since they are only gambling what they can afford to lose while casual gambler like me typically wants every penny count.

The price of BTC is of course an important thing for us if we have it for investment, but in the crypto gambling industry the price of BTC can also provide benefits when prices increase, but this only applies to gamblers who use BTC as currency that is deposited into the casino.
The main advantage is that when gambler has certain amount of BTC still stored in the bankroll and it turns out the market price has increased then automatically the amount of BTC we have in the casino bankroll also increases and provides benefits for additional playing or betting capital.
Even though it is not recommended to save too much in the casino, I sure that every gambler will always have some left over and can use it at any time if they want to gamble.

I one of the gamblers who always uses BTC in crypto value to gamble so I have experienced profits several times when market prices increase and profits like this make me always prefer to use BTC for gambling.

Moreover, BTC also has network that is fast enough to be used for every deposit and withdrawal transaction so that I can easily make every transaction, even though the costs are relatively more expensive it is comparable to the speed that is obtained.

I play more whenever the price of BTC is up, because it give me strength and hope to play more sports at the period above the amount of money I use to Play daily because, I know that I have some BTC to sell when the bull run start for me to recover the money back. Even, my friends in the gambling center know that once I started gambling above the amount of money I use to gamble daily, they will understand that bull season has come because that is the only thing that is making me to gamble above $4 daily.

I don't think, I will gamble above $4 during the bear run like the way some gamblers gamble anyhow in the gambling center during the bear season without thinking of tomorrow if the bull run occur but such people will regret for releasing such BTC in the bear market.

With the way the Bitcoin market is growing right now, it is better not to take any risk with Bitcoin. Right now if we lose some amount of BTC from our total BTC or we spend it then it is bad for us because currently Bitcoin shows a lot of hope that Bitcoin will go to a much better level in the future. I will only bet with BTC on matches that I will win and on matches that I have a low chance of winning I won't bet with BTC at all because I don't want to lose BTC at the moment. I have some virtual dollars in stock I am confused whether I should gamble with those virtual dollars or invest those virtual dollars in bitcoins. If I stop betting with Bitcoin then those virtual dollars will be useful for my betting.

Lesser I spend in gambling because holding my BTC is already a win knowing that it just touch $38k. Its gotta be fomo that makes this prices going straight up.

Maybe I will postponed betting on some matches already or stop for now with the matches that I'm not confident whether I'd win. Give more time to watch the market because it already felt like this rise had reached its peak. The real gamble is whether to sell or not.

hi rhomelmabini, since we are in a btc forum why it's wrong the question?
I don't care about shitcoins or shit stable coins. so yes, the poll is correct at least to me.
In this case I don't care what people do with other coins or FIAT when there is a btc price change.

i think the higher the price, the more interested a person would bet to stack some sats. because you are more confident to get after all you have some money because BTC is going to the moon.

now that you are expecting to profit from the bull run, you wouldn't be afraid to lose the little you have in your casino account. this is how i feel though. but of course i'm still controlling gambling.

Now that the price is dramatically increasing I can surely play more as the amount of BTC which usually in casinos is displayed in some sort of FIAT money makes me play more with the same amount so the BTC price when in increase it keeps me playing more,as simple as that.

I always love when the price increases and when I am prepared when I have BTC to play,I usually always have some sort of crypto to play as I always have a mining machine mining coins for me no matter how not effective they may be,I simply love to have coins at my disposal to play exactly during such time.

I voted nothing it's still be the same if I had $50 for my bankroll the price of Bitcoin wouldn't have an impact I would just use the $50 to wage, I think the amount that I use to play will not have an impact in my portfolio as long as I have a job to support my accumulation, although there were times that I play more when Bitcoin is going down and less when it's going down it has something to do with my job or something very important to attend to.
The price has no impact whether it goes up or down it's the circumstances in my life that will make me play less or more.

I think you've got the question on the poll wrong, check it once again. I think since half my portfolio wasn't on stablecoins anymore I think I'd play less when it comes to playing with BTC or the strong tokens, they probably worth a hold. Right now still want to play out my holdings and not that gambling on sports betting, maybe when it goes to correction again that I'll play more.

Dear fellow gamblers, as title topic said, I have a question/survey for you!

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Did you play more? Did you play less? Any thought or opinion on that?
Feel free to add your answer on my survey

( I will add my answer on a second time .... )