Which Crypto coin Do You Gamble with the Most? - page 6.

Beparanf

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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.

harizen

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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.

danherbias07

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Well, if you know your budget while using Bitcoin for example then you won't have any problems too. I think this problem about being unable to track them is because they always try to convert the cryptocurrency in their mind. I don't do that. If I have a budget of let's say 200k satoshis for the week then I would remember that amount only. If a losing streak happens, I don't mind and just try to get back with the capital that I started with.

It will only get confusing if you exchange it for different coins. Sticking to one will definitely give you a cleaner spreadsheet too and the history of gambling sites now goes for many pages so it can easily be tracked on what went wrong or right. It's possible that those who got it confused are using different currencies which for me is not a recommended strategy.

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Quote from: wiss19 on May 26, 2023, 04:11:21 PM

It is still possible to track your gambling spending using an unstable crypto. You just need to list their actual value before you use them. Doing a list can help us maintain our desired spendings but maybe there are exception for a person who have a strong urge in gambling. If they commit it several times, it's better to not list their gambling activities as it doesn't really make sense at all.

In my case, I never track my spending because I have no problems on controlling myself lately and I don't chase my losses. As for the coins that I use the most, that will only be Ripple because I like how fast it is compared to Bitcoin and other cryptos. The fees are also affordable. Perfect for a budget gambler like me.

Also, we have crypto casinos that use fiat balances when playing since some casinos are designed that way to avoid unnecessary losses, unlike pure crypto casinos that don't use any of the current crypto prices.

If a person has a strong urge to gamble, then it's all the more reason to do it because tracking your budget gives you more awareness about the money you spend, and some gamblers easily overlook it when making transactions. It's good if you can control yourself without the need to track your gambling transactions so you can skip one extra step while playing, but not everyone has that same level of awareness.

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Quote from: arimamib on May 26, 2023, 06:10:31 PM

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 often use the deposit method using trx because it's faster and cheaper. However, the main choice depends on the fee that occurred at that time where if the btc fee is cheaper then I prefer to use btc.

Apart from that, I have only played on two gambling sites that I have played with for a long time and both sites accept deposits in several coins which makes it easier for us to choose which network is cheaper in transactions.

After testing and playing in two (2) gambling sites also, I have determined that BTC is the most convenient currency to use in gambling.

I do think that the reason on why I choose BTC is because that is the only cryptocurrency that I have. Before, I used to receive my campaign signature earnings in a certain gambling website and I use such funds in order to satisfy my gambling cravings. There were times that I won but most of the time I lost BTCs in the process. Though I do not have any experience gambling any other currency apart from BTC, I heard that certain altcoins have lower TX fees which result to a better experience overall.

arimamib

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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 often use the deposit method using trx because it's faster and cheaper. However, the main choice depends on the fee that occurred at that time where if the btc fee is cheaper then I prefer to use btc.

Apart from that, I have only played on two gambling sites that I have played with for a long time and both sites accept deposits in several coins which makes it easier for us to choose which network is cheaper in transactions.

macson

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-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.

wiss19

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It is still possible to track your gambling spending using an unstable crypto. You just need to list their actual value before you use them. Doing a list can help us maintain our desired spendings but maybe there are exception for a person who have a strong urge in gambling. If they commit it several times, it's better to not list their gambling activities as it doesn't really make sense at all.

In my case, I never track my spending because I have no problems on controlling myself lately and I don't chase my losses. As for the coins that I use the most, that will only be Ripple because I like how fast it is compared to Bitcoin and other cryptos. The fees are also affordable. Perfect for a budget gambler like me.

Casdinyard

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I think I don't have a preference on what coin I'm gonna gamble with. Most of the time I just find myself gambling with whatever coin the casino accepts. USDT seems to be the staple around most crypto-casinos so I use it a little more often. But then again I'm not one to pick favorites on which money I want to burn. Although of course, if given the chance I would never spend my bitcoin on gambling. Just something about the cryptocurrency titan itself that makes me not want to spend it. Perhaps because of the fact that it's most consistently-profitable coin in the market for 10+ years now and spending it triggers something in my brain that almost equates to "losing out on your chance to bag a bigger profit all because you wanted to play in the casino".

Mahanton

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

Quote from: Fivestar4everMVP on May 25, 2023, 05:35:38 PM

Quote from: Huppercase on May 25, 2023, 05:27:39 PM

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.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.

Yes mate, its exactly the point I made in the op, I've personally gambled with Bitcoin and several other altcoins in the past, and also for some time focus on doing all my gambling in stable coins, and the aftermath conclusion is this thread, I am much OK with gambling in stable coins than I am with gambling with Bitcoin and any other unstable coin.

And as for keeping funds in bitcoin just incase price increases, I do have funds in bitcoin, I mean I always have funds in bitcoin, but funds kept or held in bitcoin is fund not meant for gambling, it's an investment.

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.

Actually boils down into someones preference because not all could really afford on making use of their Bitcoin and would rather be liking to make use like stable coins like USDT or something those altcoins who doesnt move that much. This means that it would really be that situational because not all would really be making use of a coin which does have huge potential on increasing its price but there are people who doesnt really mind that much because if we do think that if we do make use of BTC then we do win the same which means if you do win big then holdings could really be more than on the amount. Somewhat its not really that
a good behavior on combining your investment mindset and your gambling thing on which these are two different things which its a must thing to consider whenever you do make
out such decision.

ultrloa

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Quote from: Fivestar4everMVP on May 25, 2023, 05:35:38 PM

Quote from: Huppercase on May 25, 2023, 05:27:39 PM

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.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.

Yes mate, its exactly the point I made in the op, I've personally gambled with Bitcoin and several other altcoins in the past, and also for some time focus on doing all my gambling in stable coins, and the aftermath conclusion is this thread, I am much OK with gambling in stable coins than I am with gambling with Bitcoin and any other unstable coin.

And as for keeping funds in bitcoin just incase price increases, I do have funds in bitcoin, I mean I always have funds in bitcoin, but funds kept or held in bitcoin is fund not meant for gambling, it's an investment.

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.

Jating

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I voted for Any coins goes, stable or unstable.

In the beginning though, I usually play with only Bitcoin, but when we have this big problem in the past regarding the high fees, I switch to other coins like XRP (yes, I do used it before), and then ETH (power the PoS and when the fees are not that high), LTC (small brother of BTC and they are quite fast), and then USDT (my coins of stable coins).

So yes, it depends on the coins itself, but to be on the safer side, USDT is my choice right now.

Fivestar4everMVP

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Quote from: Huppercase on May 25, 2023, 05:27:39 PM

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.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.

Yes mate, its exactly the point I made in the op, I've personally gambled with Bitcoin and several other altcoins in the past, and also for some time focus on doing all my gambling in stable coins, and the aftermath conclusion is this thread, I am much OK with gambling in stable coins than I am with gambling with Bitcoin and any other unstable coin.

And as for keeping funds in bitcoin just incase price increases, I do have funds in bitcoin, I mean I always have funds in bitcoin, but funds kept or held in bitcoin is fund not meant for gambling, it's an investment.

Huppercase

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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.

I understand that some people prefer the normal BTC than USDT but I prefer USDT for some personal reasons, they are cheap for deposits and withdrwals and they help to easily calculate how much I have gain and amount I have made as loss, there is no need to be going to be calculating my earning in sats, I am not move by volatility of bitcoin as some gamblers do think it is better to have yoyr earnings in Bitcoin incase it pump, you will have more value. Also, during difficult times of moving bitcoin and high fees, it becomes a hard labour to fund casino and sportsbook, hence why I like stable coins for deposit and withdrwals.

el kaka22

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Well, for me it is a few one, it isn't "anything goes" situation because it is not, not everything goes, it has nothing to do with that. But unfortunately that is not what we are seeing today as the poll options. I do btc, I do busd, I do bnb, those are the three main ones, that doesn't mean that I would be fine with anything, that's not what I believe.

I need to trust the currency first before the casino, if a casino does just dogecoin and nothing more, then even if the casino is the most legit casino in the world, I would still not gamble there at all. However, when we are talking about something more, like something that includes the three I named, then I would start checking the casino to see if it is good or not, that would be better.

Queentoshi

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

So what about you? Do you feel and do the same or do you have a different perspective to this altogether? Let's discuss.

I do not gamble so much, but if I will choose a coin to use in gambling, it will mostly depend on what the casino I play with accepts for gambling. If they have bitcoins as a means of gambling and it it is a reputable casino with a good track record, I will gamble with bitcoins if that is what they accept. If it is a casino that what they accept is USDT, USDT will become the choice of what I gamble with. I will consider the reputation of the casino first, before their payment options. Whatever is acceptable in a good casino is what I will decide to play with.

Eternad

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I gamble most of the time now using Bitcoin because it’s the base currency for my signature campaign earnings. Before, I use stablecoin because Bitcoin price is dipping much before we recover on the current price. I stop using Stablecoin when Bitcoin is already consistent on pumping so that I will not miss any pump opportunity if ever Bitcoin price rally while my funds is on the casino.

This decision I made before gives me a lot of profit since my Bitcoin value is increasing while I have my profit from my gambling. Using stablecoins now on a booming market of Bitcoin is useless since you will not enjoy the price growth. The recent fee hike just make me rest for gambling but it’s still good to spend time on other things that I already forgot to do due to my interest on gambling during my vacation.

Solosanz

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I gamble with altcoins that has a low volatility and the fees is cheaper, but it's not a stable coin because of my personal reason.

Actually what's the difference between gamble with Bitcoin or Ethereum or Litecoin or USDT etc in a same casino? I don't think gamble with Bitcoin will increase the chance to win, gamble using Litecoin will not make you have a bad luck and such.

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Quote from: piebeyb on May 25, 2023, 03:03:56 AM

I think it's more interesting to use stable money than using crypto or bitcoin because I believe bitcoin will have a high value so I've never used it for gambling in the past, therefore I always hold bitcoin instead of using it for gambling especially the fractions are too complicated to bet because the price fluctuates so using a stable currency like usdt it's easier to know the benefits.

This, I have also this feeling that I don't think that gambling with Bitcoin isn't worth it. But you know what happens to me? I still gamble despite I feel guilty whenever I do it.

Quote from: piebeyb on May 25, 2023, 03:03:56 AM

I think casinos now have converted cryptos into stable currencies to make it easier for gamblers to calculate the value of gains and losses compared to the value of crypto money

Some of them have integrated exchanges where a customer can convert any crypto they deposit into the other supported cryptos that they have. But that still doesn't make sense if you deposited bitcoin and you'll exchange that into other altcoins to gamble.

maydna

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I use BTC for gambling but also altcoins like Doge, TRX, and LTC. And LTC is the coin I mostly gamble with next to BTC because of the transaction fees I can accept, although TRX also has low transaction fees. And I also used USDT to gamble.

But I don't think it matters because you won't lose much money as long as you can control yourself in gambling. And whatever coin you use is only a tool to help you play gambling. Besides, you can play with any coin if you accept the risk. That's more important.

Topic: Which Crypto coin Do You Gamble with the Most? - page 6. (Read 805 times)