Whats about the Gambling, when Bitcoin is going up?

aranachristianjay

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Quote from: nizamcc on June 19, 2016, 03:41:06 PM

One who gambles for fun does not have anything to do with its price, but people who gamble to live, will not gamble much when price goes up, in fear of losing what they already have.

yeah if they just bought their bitcoins at this time when the price is high.

But if they had a bag of bitcoin from the time the price was still low, I think they will continue to bet the amount they used to bet with.

And one more thing, people should not consider gambling as a way of earning a money for living, they should find a more stable way to earn money without a big risk.

aranachristianjay

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Quote from: btcltccoins on June 02, 2016, 07:16:42 AM

You know in these days Bitcoin is going up.
So when bitcoin's price growing up than the users of bitcoins feel very exciting and
So i want ask when Bitcoin going good than have any affect on Gambling?
Is it Gambling also growing up?

Yup it is also going up,

try to think that you have a plentiful amount of reserved bitcoins for your gambling, and now the price is continuously going up,
then the value of your bitcoins when it is converted to money also goes up, thus making more money run on the gambling sites, which also creates an effect on gambling.

abugseuf

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i dont think that bitcon will go it will remain here and we will enjoy gambling using bitcoin for ever.

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Quote from: btcltccoins on June 02, 2016, 07:16:42 AM

You know in these days Bitcoin is going up.
So when bitcoin's price growing up than the users of bitcoins feel very exciting and
So i want ask when Bitcoin going good than have any affect on Gambling?
Is it Gambling also growing up?

Well I only gamble with BTC now, so my bankroll is based on BTC and not on it's value, so for gambling purposes it does not make any diference if it rises or goes down, because I will bet the same amount of BTC. Of course that when I cash out and convert my btc to dollars, then it plays a big role on my winnings, but there is nothing I can do about that.

killer5

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I guess there will be traffic in gambling when bitcoin price goes down, because people who have lost in gambling try to recover their looses and wait for the bitcoin price to go high, well for some greedy people i agree when the bitcoin price goes high, they will be into gambling to make high profits, and well for me its the same because if bitcoin price goes high or low, i keep betting, its kind of addiction to me and the price really doesn't matters to me.

Sidas_Crew669

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Quote from: StoreBit on June 26, 2016, 06:27:11 AM

i think yes if the price of bitcoin is growing up then gambling is also growing up. it is a fact that if people are making money from bitocin they will be more excited and they must do more gambling with higher bits.

I think it is likely small, as gambling is growing due to growing number of people who want to do gambling and not because of the rising prices of bitcoin. Not all gambling will do gambling sites or opening at a time of rising prices.

StoreBit

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i think yes if the price of bitcoin is growing up then gambling is also growing up. it is a fact that if people are making money from bitocin they will be more excited and they must do more gambling with higher bits.

Ares

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Bitcoin price rise is a positive sign for everyone interested in gambling. How can you not be happy to bet less BTC and earn more money in the process?
In addition high BTC price will advertise our digital currency among people - potential gamblers - as great medium which can be used to power anyone's gambling needs.

It is a Win-Win situation.

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Quote from: cluit on June 23, 2016, 03:59:03 PM

Quote from: Maesters1- on June 19, 2016, 06:21:44 AM

Quote from: OrangeII on June 15, 2016, 10:22:28 AM

Quote from: StoreBit on June 14, 2016, 03:09:53 PM

I think it is increasing he rate of gambling too. because people are earning money in bitcoin as its rate id raising up. so they are investing more and more money in casiono too.

Well I guess they combine gambling and trade, while they make money from the casino, they might as well wait bitcoin prices rise, so when the price rose to a high bitcoin, they can benefit greatly

but there is always a chance of loosing the earned money.

Yes there is definitely lot of chances to lose our coins also, so it come as neutral, and will have not any effect on gambling and casino. Only those people ill be there who want to play no more people will join gambling because of the price increase of bitcoin.

for now the price is decrease from 750 to 600 level and i think they are still gamble if they are already addicted in game.
And yeah there is high chances of losing our money in gambling casino because we already know house is always win..

cluit

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Quote from: Maesters1- on June 19, 2016, 06:21:44 AM

Quote from: OrangeII on June 15, 2016, 10:22:28 AM

Quote from: StoreBit on June 14, 2016, 03:09:53 PM

I think it is increasing he rate of gambling too. because people are earning money in bitcoin as its rate id raising up. so they are investing more and more money in casiono too.

Well I guess they combine gambling and trade, while they make money from the casino, they might as well wait bitcoin prices rise, so when the price rose to a high bitcoin, they can benefit greatly

but there is always a chance of loosing the earned money.

Yes there is definitely lot of chances to lose our coins also, so it come as neutral, and will have not any effect on gambling and casino. Only those people ill be there who want to play no more people will join gambling because of the price increase of bitcoin.

equator

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Quote from: poplolnman on June 23, 2016, 12:06:53 PM

Quote from: CasioK on June 22, 2016, 11:50:39 PM

Quote from: aakashsangwan on June 19, 2016, 11:05:09 AM

This is the perfect time to lose your money to gambling sites and make them rich. Number of people losing money during this time is tremendously high. As bitcoin is going up, gambling site owners also want too earn huge just like you so the earn money from people who have become blind by their own greed. My advice is to stop gambling during this time and start investing at some better place because it's high time.

But when the price of bitcoin will increase people will stop to bet on gambling websites, as they will get more profit from the value increase of their coins than the gambling sites and that profit will be without any fear of lose.

yeah but would be better if you keep gamble it and you would receive double or even triple profit rather than just stop playing isn't it? many times i got nice profit due bitcoin price going up so fast and at a time i won big amount too. can you imagine i only bought 0.2 bitcoin worth $90 turn to 1.25 bitcoin worth almost $1,000 Huh

?? it's the power of bitcoin!

what you replied is true , just by stopping to play gamble due to btc price increasing is not a good idea and if you are a gambler then i think price wont be matter for you as you will be interested in profit because if you have 1 btc and you see that if you bet on some matches and you win then the bankroll of bitcoin will increase then obviously your value will get doubled by bitcoins getting increased and on the other hand price is also getting high so double side profit.

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Quote from: CasioK on June 22, 2016, 11:50:39 PM

Quote from: aakashsangwan on June 19, 2016, 11:05:09 AM

This is the perfect time to lose your money to gambling sites and make them rich. Number of people losing money during this time is tremendously high. As bitcoin is going up, gambling site owners also want too earn huge just like you so the earn money from people who have become blind by their own greed. My advice is to stop gambling during this time and start investing at some better place because it's high time.

But when the price of bitcoin will increase people will stop to bet on gambling websites, as they will get more profit from the value increase of their coins than the gambling sites and that profit will be without any fear of lose.

yeah but would be better if you keep gamble it and you would receive double or even triple profit rather than just stop playing isn't it? many times i got nice profit due bitcoin price going up so fast and at a time i won big amount too. can you imagine i only bought 0.2 bitcoin worth $90 turn to 1.25 bitcoin worth almost $1,000 Huh

?? it's the power of bitcoin!

Maesters1-

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Quote from: Ares on June 23, 2016, 11:22:13 AM

Sometimes I wish the Bitcoin gambling sites were displaying the Bitcoin value in fiat so I would know what the current amount of Bitcoin I am betting with is worth because for the past couple of days I had to constantly check with a Bitcoin price tracker in order to calculate my betting unit sizes according to my bankroll. But if Bitcoin continues to rise so much in price I may stop betting with it and move to alt coins or probably stop betting crypto coins altogether and move back to betting with fiat.

yes it is a fact if a person is doing gambling in bitcoin he must know about the price of bitcoin. he will do calculate the rate of bitcoin in his flat currency. or if a person has his flat currency and he went to a bitcoin casino. he will first change his flat currency and then he will decide that how much he as to separate for biting. i think if the rate of bitcoin is going up. the play of a person will depend on the price of the bitcoin.

Ares

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Sometimes I wish the Bitcoin gambling sites were displaying the Bitcoin value in fiat so I would know what the current amount of Bitcoin I am betting with is worth because for the past couple of days I had to constantly check with a Bitcoin price tracker in order to calculate my betting unit sizes according to my bankroll. But if Bitcoin continues to rise so much in price I may stop betting with it and move to alt coins or probably stop betting crypto coins altogether and move back to betting with fiat.

CasioK

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Quote from: aakashsangwan on June 19, 2016, 11:05:09 AM

This is the perfect time to lose your money to gambling sites and make them rich. Number of people losing money during this time is tremendously high. As bitcoin is going up, gambling site owners also want too earn huge just like you so the earn money from people who have become blind by their own greed. My advice is to stop gambling during this time and start investing at some better place because it's high time.

But when the price of bitcoin will increase people will stop to bet on gambling websites, as they will get more profit from the value increase of their coins than the gambling sites and that profit will be without any fear of lose.

prtty2gal2

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Quote from: aranachristianjay on June 19, 2016, 10:52:55 AM

Quote from: maxhor on June 19, 2016, 04:41:10 AM

Yes i am still placing bets after significantly rise of bitcoin price but good thing is that now i have to stake some little in bitcoin as compare with US Dollar, i think this will be more attractive for new players because they can play with little amount when they make comparison bet with $

Yeah it will totally become more attractive to the new players, seeing less amount of bitcoin in comparison to dollars when they are betting contributes to their thinking that those bitcoins they put at stake are just low amount but when converted to USD is almost a more of what it is in bitcoin.

But for players out there, I can see no difference for them to think that they bet a low amount of money when it comes to bitcoin.

But at least bitcoin rising do contributes to gambling.

It is true that because of less amount of investment through bitcoin payment more people will be attracted to gambling, but because of increasing price of bitcon I don’t think that more people will be attracted to there as they will start to love their coins more when they see its value more higher.

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Quote from: btcltccoins on June 02, 2016, 07:16:42 AM

You know in these days Bitcoin is going up.
So when bitcoin's price growing up than the users of bitcoins feel very exciting and
So i want ask when Bitcoin going good than have any affect on Gambling?
Is it Gambling also growing up?

Actually I think yes gambling will be growing up too. The reason for that is not growing amount of Bitcoins involved in gambling but the rising of the dollar value of a house edge for example.

roadbits

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Quote from: hua_hui on June 20, 2016, 07:10:41 AM

Quote from: CryptoBjorn on June 20, 2016, 05:00:59 AM

Quote from: fullypak on June 20, 2016, 03:45:12 AM

I think Bitcoin price increase is not much affected to gambling. But now many people are stopped gambling and they are doing trading i think i am not sure but this is happening in market i think. According to me i am not playing much now i just play sport betting only that too if i am sure about my bet or else i will not play.

Off course it matters. Suppose you use to play with 0.01 (like I did) with the price almost doubled I've changed my habit to place 0.005 Bets. I am confident i am not the only one.
The same thing doesn't work vice versa, at least for me. When the price was 220 dollar, I was still making 0.01 BTC. Not increasing, since I've learn to feel confident with

But like you say, the gambling behaviour seems to have changed, at least on bitcointalk. Where it used to be dice, now sports betting is the thing to do. Not wrong if you have some big events next to each other: Ronald Garros, Wimbledon, EURO 2016 and off course the Copa America.

This is the truth. In the past, when btc is less than $100, people came in to gamble with btc. There is even people who bet with hundred of btc at one shot. However, now when the price of btc has shot up, the bets that people are betting in most casino are now in mbtc, and most people dont bet with 1btc anymore.

I think I am not found any that much difference in Bitcoin and Gambling. Yes, Bitcoin price is increasing day by day very high but for this why we need to reduce our bet. Ok, when the price is low we bet 0.1 BTC if we lose this bet means we lost 0. 1 BTC only. So now also same the loss and profit are same. If you lost the bet you're wasting big amount likewise if you win your bet you doubled your profit right.

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Quote from: shinratensei_ on June 20, 2016, 08:18:41 AM

Quote from: DuckKeeper on June 20, 2016, 04:09:49 AM

Quote from: btcltccoins on June 02, 2016, 07:56:13 AM

Quote from: marioantonini on June 02, 2016, 07:42:35 AM

if you understand tradig, for me can is gambling.
i use more bitcoin to sporting betting, but in my head i think "today i can spend 50 euro" and i spend all the bitcoin amount for 50 euro, if bitcoin up or down for me not is different in my bet

That's all mean, it doesn't matter, when ever bitcoin price, if Bitcoin going up or down.
Its mean bitcoin is depend on gambling but gambling is not depend on bitcoins.
We are playing gambling because we want to play it and we want to win the bitcoins but both are different ways bitcoin and gambling.

I dont think i would go gamble with bitcoins also if the money is going up. I think allot of people would stop gambling after a big rise not the addicts for sure.

might otherwise with that. when bitcoin price is going up, will make gamblers is up too. because they can get more money, because the effect of bitcoin price is rising. it's a gold chance to reach a good profit in gambling.

If you think about it. It's not really about the price anymore. This is getting flat out as common as any other's issues - gambling addiction. It's not anymore about gambling. But now just about the high you get from addiction.

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Quote from: DuckKeeper on June 20, 2016, 04:09:49 AM

Quote from: btcltccoins on June 02, 2016, 07:56:13 AM

Quote from: marioantonini on June 02, 2016, 07:42:35 AM

if you understand tradig, for me can is gambling.
i use more bitcoin to sporting betting, but in my head i think "today i can spend 50 euro" and i spend all the bitcoin amount for 50 euro, if bitcoin up or down for me not is different in my bet

That's all mean, it doesn't matter, when ever bitcoin price, if Bitcoin going up or down.
Its mean bitcoin is depend on gambling but gambling is not depend on bitcoins.
We are playing gambling because we want to play it and we want to win the bitcoins but both are different ways bitcoin and gambling.

I dont think i would go gamble with bitcoins also if the money is going up. I think allot of people would stop gambling after a big rise not the addicts for sure.

might otherwise with that. when bitcoin price is going up, will make gamblers is up too. because they can get more money, because the effect of bitcoin price is rising. it's a gold chance to reach a good profit in gambling.

Topic: Whats about the Gambling, when Bitcoin is going up? (Read 2531 times)