Whats about the Gambling, when Bitcoin is going up? - page 2.

hua_hui

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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.

CryptoBjorn

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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.

BitcoinSupremo

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Actually there is a nice correlation between bitcoin price and gambling, at least I am talking from my personal experience, when bitcoin price is very high just like the moments we are talking, usually the bets of a gambler become lower, if someone for example used to bet 0.01 BTC(3.5 USD) per bet before 3 months, then now that the price of bitcoin is double is more than 700 USD the same gambler plays only 0.0045 BTC(3.5 USD) per bet. This is the only correlation I can find between Gambling and bitcoin price. It should be the opposite when bitcoin price goes down, the gambler is tempted to increase the bet by then.

DuckKeeper

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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.

fullypak

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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.

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.

nizamcc

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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.

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Quote from: JasonXG on June 19, 2016, 11:29:14 AM

Everything bitcoin related is going up. Maybe the bet amounts will decrease due to the increased value or maybe people still getting use to the increased price and bet the same which is good for casino owners and investors.

Yeah right for other people its nothing if they are gambler already but if you are just newbie i think you calculate first how much you will spend in gambling and you don't want to spend it for nothing and some people are nothing to them..

aranachristianjay

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Quote from: JasonXG on June 19, 2016, 11:29:14 AM

Everything bitcoin related is going up. Maybe the bet amounts will decrease due to the increased value or maybe people still getting use to the increased price and bet the same which is good for casino owners and investors.

right,I also believed they most people will continue to bet on the amount of bitcoin they get used to.

And in that point casino owners earned more, and bitcoin addicted gamblers will lose more or also won more.

But in that case it is recommended to also lower the amount of bitcoin that you put at stake to reduced the amount you will lose, because what you put at stake must be considered to be lose, as gambling is full of risk.

JasonXG

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Everything bitcoin related is going up. Maybe the bet amounts will decrease due to the increased value or maybe people still getting use to the increased price and bet the same which is good for casino owners and investors.

aakashsangwan

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PUGG.io

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.

aranachristianjay

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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.

Maesters1-

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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.

drwtsn32

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Quote from: Johnderyl on June 19, 2016, 05:15:29 AM

I cloud mine bitcoins and make a hefty profit. It's definitely worth the investment at this point. https://hashocean.com/signup/?rid=722471

If I'm not mistaken, you are not allowed to post referral links here.
Also, that site is one of the sites being suspected to be a ponzi scheme.
You may want to read the policies first.

Johnderyl

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I cloud mine bitcoins and make a hefty profit. It's definitely worth the investment at this point. https://hashocean.com/signup/?rid=722471

maxhor

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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 $

newcripto

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Bitcoin's price is very important especially for new people who want to start Bitcoin using to gamble.It is impossible to not happen when price are lower and up anything on gambling.May be lesser bets will be placed in this period or lower bets will be noticed but circulated amount will remain same.

buddu

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Gambling will be played same way even if bitcoin reaches above 1k $.We should watch both sides of the matter.If Bitcoin will be expansive then winning amount also will have same value.So this price increase doesn't have any negative impact over gambling industry in my thinking.This can be caused of more gambling.

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.

adaseb

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Well its probably because whenever Bitcoin goes up in value, there are many new adopters. Kind of like what happened in April 2013 and Nov 2013. When Bitcoin becomes popular so does gambling.

Topic: Whats about the Gambling, when Bitcoin is going up? - page 2. (Read 2531 times)