Which Crypto coin Do You Gamble with the Most? - page 5.

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Quote from: Fivestar4everMVP on May 24, 2023, 09:25:04 AM

Keep track of spending in gambling is kinda hard to do with unstable coins like bitcoin and other altcoin, for example, let say, yesterday, you gambled away 0.01 bitcoin, and at the time of the transaction, 0.91 bitcoin was worth $500 due to the price of bitcoin then, and you already put it on record that you lost $500 in gambling yesterday, and by today, the over all price of bitcoin increase by let's say 15 percent or more, going back to your loss in yesterday's gambling, you know it's no longer $500 you lost, the amount you lost has increased by 15 percent or more due to the increase in price of bitcoin - simply because if you hadn't gambled away the bitcoin but held it, the gains today would have been in your pocket - this example is also the other way round in cases where the price of bitcoin falls instead of increase..

For me, I don't see any confusion in gambling with Bitcoin or any stablecoin, because both are not the same, and as such their gambling record ought not to be the same, and by that I mean, you don't need to gamble with Bitcoin and except to keep your records in a stable currency such as dollar or pounds rather than keeping it in same Btc.

Example:
Imagine you gambled 0.001btc to win 0.01btc and you won the game, you should put in the record that you made a profit of 0.009btc by gambling 0.001, and not get to worry whether the price value of that BTC increases or decreases. Moreover, I gamble with both BTC and Stablecoins (i.e USDT)

Rabata

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Quote from: macson on May 26, 2023, 05:55:15 PM

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit ^{(because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital)}. if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron ^{(usdt or trx)} or litecoin is my alternative option.

Crypto casinos have been able to bring about a massive change in the world of gambling. A gambler used to feel shy about gambling but now there is no such difficulty. Crypto casinos do not have the difficulty of depositing or withdrawing at fiat currency supported casinos. I use btc for gambling most of the time but make some changes when the market is more volatile. Besides BTC there are a few other coins I want to use. Since Bitcoin is well known and trusted worldwide, I prefer gambling with Bitcoin.

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Quote from: Pierre 2 on May 31, 2023, 01:28:41 AM

Bitcoin must be the most common crypto as its market value already shows it. Statistically obvious. But I would personally favor stable coins, the most common one is USDT so. I tend to think that gambling with Bitcoin is too risky considering its nature. Nowadays it's rather safe but in long term I would regret money I am wasting through Bitcoin gambling. I am pretty sure its price will raise soon. It can compensate gambling costs even you know what I mean hahah.

But in the current unfavorable market situation, some gamblers have turned to stablecoins to avoid reducing the amount of money they deposit into their gambling accounts. By using stablecoins, the amount of money they deposit will remain the same as it will appear in their account. And thus, they will not see a difference in the amount of money each time they start gambling because the amount will still be in dollars. Gambling with bitcoin is more risky because we can lose a lot of satoshi playing gambling so that will reduce the number of dollars that appear in our gambling account. But it comes back to each gambler, which one makes them comfortable.

Outhue

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I use stable coins more than Bitcoin for gambling on any casino that accepts stable coins, I just kinda find it easier to use, that why own opinion, I do use Bitcoin too but I use stable coins more than Bitcoin.

Also most online casinos have their games in USD pair so it's easier for me to use USDT and USDC in this manner for gambling.

Year's ago I found Doge coin to be the easiest at the time, it's cheaper and faster, since I mined some doge coin when they are very cheap then I found it easier to fill my gambling taste, that's around early 2017.

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Quote from: Fivestar4everMVP on May 24, 2023, 09:25:04 AM

So for me, I've always preferred to do all my gambling in stable coins only for the reasons given above..
So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

Stablecoin is one of the best ways of gambling and that's what many casinos has as a default option. It isn't stablecoin but the value are USD. I gamble with any currency, I don't care about the currency but just want my wins as it can be easily converted when I'm done.

If the casino is having a promotion for their token to be used for some benefits, I'll do that without hesitating because I love when I get free bonuses and gambling with altcoins doesn't mean you'll lose, bets don't stay long so you can also get your profits out.

Same goes for betting with Bitcoin, many people prefer this choice than altcoins but I don't care that much since we can always sell to a preferable cryptocurrency or stablecoin before anything happen or hold so we gain more profits as the market increase.

Pierre 2

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Bitcoin must be the most common crypto as its market value already shows it. Statistically obvious. But I would personally favor stable coins, the most common one is USDT so. I tend to think that gambling with Bitcoin is too risky considering its nature. Nowadays it's rather safe but in long term I would regret money I am wasting through Bitcoin gambling. I am pretty sure its price will raise soon. It can compensate gambling costs even you know what I mean hahah.

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Quote from: Wiwo on May 30, 2023, 06:19:30 PM

I don't know why but recently I have staked most of my bets in Bitcoin and that is influenced because I always gamble with my signature earning and I am oaid in bitcoin so it beco. Easy for me to place those bets with Bitcoin, but before now I always bet with USTD since most casinos accept the currency as their primary currency.

My choice of betting too bitcoin as the payments were sent in terms of bitcoin. Only the last week's payment is available in the wallet. Most of the users here in the forum have the similar practice of spending their campaign earnings. Only the Whale gamblers keeps depositing more and more in the form of different coins and enjoy gambling.

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Bitcoin and a little bit of Dogecoin/litecoin whenever I feel it is not worth the fees for the quantity I am managing.
In my case, i do not see a problem tracking losses or wager because I try to forget about them when I am not rolling dices, for example. Do not get me wrong, though, I can easily see the advantages of USDT and other stablecoins for those who have a significantly big wager and want to keep track on their win/loss ratio.

Not even mentioning that Stablecoins are usually very easy and cheap to move from wallet to wallet. Tongue

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I only use bitcoin, and maybe litecoin from time to time. There's really only 4 coins that I view as worth a shit at this point in time (bitcoin, monero, litecoin and ethereum). Bitcoin is what I use the vast majority of time however because I think it's by far the most legitimate coin, as well as once it's transferred tot he casino, your value stabilizes, so you don't have to worry about it going down ( of course if it goes up, you won't gain any value, but that's the trade-off).

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I don't know why but recently I have staked most of my bets in Bitcoin and that is influenced because I always gamble with my signature earning and I am oaid in bitcoin so it beco. Easy for me to place those bets with Bitcoin, but before now I always bet with USTD since most casinos accept the currency as their primary currency.

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Quote from: wheelz1200 on May 30, 2023, 05:19:04 PM

I have to think for the most part it's bitcoin since most of the gambling offerings take bitcoin and some combination of other coins. I don't like to use bitcoin either because of the volatility and I like my games pegged in usd so stable coins are preferred.

Yes you are right, majority of the casinos allow deposit in Bitcoin and other altcoins allow people to bet with any of the accepted coin on there platform. Since there are noy much coins that is acceptable by casinos because of there security from holding cryptocurrency that could crash anytime, I used to keep some deposits in Bitcoin so that what ever time I feel like making some bets, I kindly transfer to the casino and make my bet. We know that Bitcoin is very volatile and if we are not used to the fluctuation in the market price, betting with Bitcoin any other volatile coins can be tempting.

Fivestar4everMVP

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Quote from: bitbollo on May 30, 2023, 02:36:00 PM

98% of the times I use just Bitcoin for my bet.
The remaining 2% Is for ethereum.
I dont use other crypto just because price can change quickly and I dont have on my wallet.
Of course no stablecoin. I dont want accept any other TOS Roll Eyes

Haha 😂
Is there, or should I say, are there any other terms of service associated with depositing and gambling with stablecoins alone?
I would be happy to discuss this, as I currently do not know any, except you are actually referring to fiat, which i think is completely different from stable coins, stable coins I mean in the op are actually crypto stable coins, not fiat..

I know there are extra terms of service that goes with fiat deposit and withdrawal, but I do know of any that goes with crypto based stable coins.

wheelz1200

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I have to think for the most part it's bitcoin since most of the gambling offerings take bitcoin and some combination of other coins. I don't like to use bitcoin either because of the volatility and I like my games pegged in usd so stable coins are preferred.

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Quote from: Fivestar4everMVP on May 24, 2023, 09:25:04 AM

1. Keep track of my actual spending..
2. It helps me keep and maintain a threshold in times of long loosing streak - i will explain further..

Since everyone has a different approach to their respective gambling activity, if you found that useful and helpful for you in the long-run, then you can keep up with that. Might not work for everybody but good to see that it gives you an advantage, especially in tracking your actual spending in gambling.

In my case personally, I don't really the kind of gambler that want to track my actual spending. Not that I don't care about losing money but it's just that it's not a big deal for me to track it as that's not my gambling way. When I lose, move on and will start as new on my next gambling session only taking care with the win on that particular session.

Quote from: Fivestar4everMVP on May 24, 2023, 09:25:04 AM

With stable coin, keeping a clean sheet is possible as $1 loss will always be $1, while a $2 win will always be $2 since stable coins do not show any significant increase or decrease in their price except in times of crises, which is not something that happens frequently..

The alternative: play with fiat online casino, and your number 1 and 2 reasons will now be covered.

Kidding aside, since we talk about crypto-gambling, using stablecoin is really useful, as you say, to somehow won't be able to reach your limit threshold.

But also remember, we are also talking about gambling here and regardless if you are using stablecoin or not, can you really resist the temptation to continue gambling when you are currently, for let's say, already reached the limit of your own threshold or already win a big money in the process? It's difficult and hard to take a break in that situation.

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98% of the times I use just Bitcoin for my bet.
The remaining 2% Is for ethereum.
I dont use other crypto just because price can change quickly and I dont have on my wallet.
Of course no stablecoin. I dont want accept any other TOS Roll Eyes

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Quote from: macson on May 26, 2023, 05:55:15 PM

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit ^{(because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital)}. if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron ^{(usdt or trx)} or litecoin is my alternative option.

I think its actually an effective way to deposit in your gambling account prior to the high fee rate that is actually affecting bitcoin network and thats why I don't even deposit with bitcoin again and I prefer usdt coins since its fee rate is low because I wouldn't want to spend a lot trying to gamble on my bet account knowing their is a possibility that I can lose all the money deposited.

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Quote from: Doan9269 on May 27, 2023, 04:45:04 AM

Quote from: macson on May 26, 2023, 05:55:15 PM

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit ^{(because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital)}. if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron ^{(usdt or trx)} or litecoin is my alternative option.

Most gamblers often used a select from any of these aforementioned coins for their gambling because they are one of the coins most acceptable, the coins are reliable and trusted, there have been alot of gamblers as well that make uses of the same coins because of the fact that most casinos support them, exceptions are the casinos that have also developed their own coin in addition to these ones but as for me i can make use of any coin am holding as long as that's where my fund is and it's enough for me to use for gambling.

Of these coins, the most favorite of gamblers are Bitcoin and USDT because these two crypto tokens have a network where transaction processes are very fast but the fees are not too expensive, maybe Bitcoin fees are quite high but all fees depend on the price of bitcoin and also the network that is use when making deposits or withdrawals.
Usually those who use Bitcoin also have the goal of being able to get a little profit if the price goes up because the tokens stored in the casino wallet will also increase if the price goes up.
After all, we ourselves can attest that Bitcoin is the single most adopted crypto in the gambling industry.

darewaller

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Quote from: Taskford on May 27, 2023, 06:32:06 AM

Quote from: Beparanf on May 27, 2023, 04:24:54 AM

I personally stop gambling the time when the transaction fee is insanely high. It cost 15$ for transferring funds in a slow mode which is troublesome for a small-time gambler like me. I think the high fee recently affects small-time gamblers and those who withdraw funds from their casino balance. Whales are probably not affected by this since it's a one-time payment and it's nothing compared to their huge balance.

What are you using to get the statistics on how the activity of gamblers doesn't change on a specific time? I'm interested to have a data analysis on the gambler's behaviour during high fees or crypto market dumping/pumping.

So hard to gamble in that situation knowing that we need to pay huge fees just to make transaction push faster and that time its not really worth it to send anything on any casino since at the time we deposit we already lose a huge part of our capital thru fees we need to spend.

Also maybe other especially those whales seek for alternative coin to deposit since there are various option to choose since for sure those fees cannot stop them to play as they have money to spend on other alts available on some casinos.

If we can afford it and we are very itchy to gamble, why not? But If we can wait, then we can continue sending the money in low-priority mode to save some fees. We might lose a good chunk of coins during the depositing process but we never know, what if we got lucky and hit that huge multiplier that we always look for?

It should be enough to forget what you spent earlier and maybe next time, we will now be motivated to play more during a network issue because we think we are lucky during these times. I don't think Whales seeks for Altcoins. There is no need for them to do it since they can always afford the fees in Bitcoin no matter how high it is.

Taskford

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Quote from: Beparanf on May 27, 2023, 04:24:54 AM

Quote from: harizen on May 27, 2023, 03:50:51 AM

Quote from: ultrloa on May 25, 2023, 05:45:41 PM

Maybe all will differ on current situation of the market since majority will use bitcoin to gamble when the volatility of this coin became stable and no losing in value due to crash has been encounter by a user. We or other decide to use alts when bitcoin is doing some crazy actions and people cannot afford to spend their bitcoins that's why they look for alternative coins so that there hodl bitcoin will never get touch then be use for what they think much better way to earn more either trading it or just simply wait for the price to soar high.

From what I see, regardless of the BTC volatility and high-fee-related issues, gamblers will still be gamblers.

We don't even see a noticeable decrease in gambling activity, at least in crypto-gambling platforms using BTC deposits even recently, there's a high fee related to any BTC transactions. I don't really see that most gamblers really care about that as long as they can gamble. Alright, let's say they care for fees, they will just use coins that have low transaction fees but it doesn't mean they use that coin because that's their preference to use.

Aside from that, nothing really changes on the winning rate regardless of the coins used. For a much more convenient gambling experience, at least in my case, I like to show my balance in fiat value so that I know how much I'm putting into to any bet regardless of the exchange rates.

I personally stop gambling the time when the transaction fee is insanely high. It cost 15$ for transferring funds in a slow mode which is troublesome for a small-time gambler like me. I think the high fee recently affects small-time gamblers and those who withdraw funds from their casino balance. Whales are probably not affected by this since it's a one-time payment and it's nothing compared to their huge balance.

What are you using to get the statistics on how the activity of gamblers doesn't change on a specific time? I'm interested to have a data analysis on the gambler's behaviour during high fees or crypto market dumping/pumping.

So hard to gamble in that situation knowing that we need to pay huge fees just to make transaction push faster and that time its not really worth it to send anything on any casino since at the time we deposit we already lose a huge part of our capital thru fees we need to spend.

Also maybe other especially those whales seek for alternative coin to deposit since there are various option to choose since for sure those fees cannot stop them to play as they have money to spend on other alts available on some casinos.

Doan9269

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Quote from: macson on May 26, 2023, 05:55:15 PM

-Bitcoin
-Tron (USD or TRX)
-Litecoin

the three above are coins that i often use when i want to make a deposit to gamble, but i pay more attention to network fees before making some deposit ^{(because i usually only make a one-time deposit while playing and will not make a deposit on the same day to avoid big losses if i run out of first capital)}. if i see the bitcoin fee is low, then i will use bitcoin, but if the fee is high, using tron ^{(usdt or trx)} or litecoin is my alternative option.

Most gamblers often used a select from any of these aforementioned coins for their gambling because they are one of the coins most acceptable, the coins are reliable and trusted, there have been alot of gamblers as well that make uses of the same coins because of the fact that most casinos support them, exceptions are the casinos that have also developed their own coin in addition to these ones but as for me i can make use of any coin am holding as long as that's where my fund is and it's enough for me to use for gambling.

Topic: Which Crypto coin Do You Gamble with the Most? - page 5. (Read 805 times)