Which Crypto coin Do You Gamble with the Most? - page 7.

Taskford

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Quote from: Eureka_07 on May 25, 2023, 06:02:13 AM

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

I like my balance displayed in fiat, USD in particular.
Although it is like that, my deposits are mostly in bitcoin, few times in ripple. These deposits are most of the time not just displayed but also converted into fiat. I do not like it if my wallet's value is constantly changing because of the volatility of Bitcoin or XRP.
I don't track my gambling expenses but I think that is a great idea.

Most common crypto used by majority is bitcoin since many want to see great volume earn while speculating some good price increase on its volatility. Sometimes also I use USDT since this is somehow called safe haven by some people when the market us in bad shape and don't want to gamble my bitcoins which I bought at more expensive price.
Also looking for xrp as alternative but for now my balance always converted between BTC and USDT only.

aioc

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It's a mix for me and it depends on the situation like the recent congestion of the network I deposited Tron and BSC, but when the network is ok I prefer Bitcoin because I'm comfortable using it been my coin of choice ever since I started I never thought of preferring stable coin because of the $1 loss is equal to $1 loss whatever the situation of the market, all I know is even if I win in gambling and lose in the market on what's actual value there's always a possibility of regaining it in the future and sometimes it's the other way around, you win in the casino and you also gain in the market because of the pump and its one great feeling for gambler and investor in you.

Rabata

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Quote from: len01 on May 25, 2023, 04:43:34 AM

depending on the situation when I want to gamble when I only use a small gambling budget I will use USDT but if the gambling budget is more than $100 I will use bitcoin. after increasing bitcoin transaction fees these past few weeks I mostly use USDT for gambling to avoid crashes.
on the one hand actually I prefer to use bitcoin not because of the price but more because it has become my favorite coin. but unfortunately lately it's been slow when depositing so I use stablecoins to avoid it all.

Although I don't think gamblers can be much profitable with using any strategy. Because if you lose then you can lose both stable coin or unstable coin. But yes if we think from win side and if the market is continuously up then there will be good profit opportunities. But that is uncertain. I personally value transaction fees. Because I also bet with small amounts, I often have to deposit if I lose, so now I use Litecoin and TRX as unstable coins. I don't use bitcoin at the moment because of the high transaction fees. Apart from Bitcoin and stablecoins, many altcoins are now accepted by casinos or gambling platforms as payment methods. Due to which a gambler gets various opportunities to play by depositing the coins of his choice.

Eureka_07

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

I like my balance displayed in fiat, USD in particular.
Although it is like that, my deposits are mostly in bitcoin, few times in ripple. These deposits are most of the time not just displayed but also converted into fiat. I do not like it if my wallet's value is constantly changing because of the volatility of Bitcoin or XRP.
I don't track my gambling expenses but I think that is a great idea.

Doan9269

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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.

It all depends on the kind of cryptocurrency you're holding as at that time, sometimes you have varieties of coin in your casino wallet including the one created by the gambling platforms in case of the ones that developed their own coin, including other coins they also supported, as for me, i major only on the level of my crypto assets by using the one i feels best suitable for me at that time for gambling, which means i don't make use of a particular coin all the times and i don't need to exchange any coin for the other all becau to gamble with it.

Wakate

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Quote from: Kakmakr on May 25, 2023, 02:08:26 AM

I have a very weird strategy, because I adapt my coin of choice... based on the market movement. I deposit both stable and unstable coins and then play with stable coins, when the markets are volatile and when it is dumping.

I will then switch to my unstable coins when the market are in a recovery phase, because I do not want to lose any money due to market volatility. So, it's tokens like usdt when the markets are volatile and in the "red" and it is unstable tokens when the market is in the "green" Grin

Stable coins is one of the preferable coins we can use to make bet since it does not fluctuate in price. Many casinos do accept this coins since is very stable just like the USD. Although many of these casinos do not accept too many varieties of coins because of lack of trust on few coins that could depreciate drastically when there is little market turbulence.
Bitcoin is the most preferable coin for me since it's very volatile and the most trusted cryptocurrency. The fluctuation in price of Bitcoin can be of an advantage to us with disadvantage too if the market eventually falls drastically doing holding.

Bitinity

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Stable coins is the best choice to gamble because of its stable value especially if we want to have better money management on gambling so it will be easier to track how much we have spent. Bitcoin and other unstable coins are good also but it has its own advantage and disadvantage in terms of its value. On winning moment we may get additional value if the price is increasing while we are but we may lose some value if the price is dropped significantly. When I was still very actively gambling, I used to gamble with bitcoin because my only gambling funds were the bitcoin that I earned from this forum. Nowadays, I gamble less and I use USDT (TRC20).

len01

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depending on the situation when I want to gamble when I only use a small gambling budget I will use USDT but if the gambling budget is more than $100 I will use bitcoin. after increasing bitcoin transaction fees these past few weeks I mostly use USDT for gambling to avoid crashes.
on the one hand actually I prefer to use bitcoin not because of the price but more because it has become my favorite coin. but unfortunately lately it's been slow when depositing so I use stablecoins to avoid it all.

piebeyb

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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.

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

adzino

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

This is something I was discussing in one of my comment on one of the threads on this board, I shared the below as my opinion and thought to escalate it as a new thread to get to find out what crypto currencies every other gambler out there prefer..

Personally, I've always preferred doing all my gambling transactions in stable coin, like I explained a bit in my comment in another thread, gambling with stablecoins helps me to..

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..

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..

The point is, this can create confusion for those who keep a gambling journal - some kind of spreadsheet where they keep record of all their gambling wins and losses - this helps to know when you actually spending too much in gambling and not getting any profit in return.

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..

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 would prefer with bitcoin if I am gambling with crypto. But I guess there are people that would want to gamble with a stable coin just so that the volatility of the coins don't affect their gambling experience. But then again, they would use it only if the casino provides options to make deposit with cheaper network. I doubt anyone would want to deposit USDT from ethereum network spending around $10 fees and then another huge fee when withdrawing. At least smaller gamblers won't do that. They would instead use altcoin with cheaper fee like dogecoin or litecoin. It all depends on their preference.

Kakmakr

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I have a very weird strategy, because I adapt my coin of choice... based on the market movement. I deposit both stable and unstable coins and then play with stable coins, when the markets are volatile and when it is dumping.

I will then switch to my unstable coins when the market are in a recovery phase, because I do not want to lose any money due to market volatility. So, it's tokens like usdt when the markets are volatile and in the "red" and it is unstable tokens when the market is in the "green" Grin

famososMuertos

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What stable coins are you talking about, yes, it's true they already have time but not all casinos accepted them, so undoubtedly we all played at the beginning with volatility embedded in our bets and the truth is that in my case it remains the same, I like that.

At the beginning I bet with the currency that could I get, LTC was one of those currencies that I played with a lot, then Doge appeared, they gave them as a promotional boost for anything, in my beginnings I arrived for the crypto poker issue and I used something called CHP those shitcoins no longer exist and in fact I don't know if that casino exists...

The matter is relative, I recently received some payments in the casino's currency (utility token) that now turns out to be on a par with the USDT, that is, before it was worthless but now you can play it and then exchange it for its 1:1 USDT equivalent.

Then, simply bet with the currency you want and its volatility is just part of the strategy, it's obvious that look market, but to be honest, when you use BTC to bet, that's when you have to use the 1BTC=1BTC analogy.

If you can't do that don't bet with bitcoin or any crypto, well use the "boring" stablecoins.

Strongkored

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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 don't really care about what coin I will use to play because I usually only use 3 types of coins so far, first Bitcoin second Dogecoin, and third Stablecoin, there is no particular reason for using these coins other than network fees which are quite cheap but not for Bitcoin for now, also see the availability of coins available in my wallet, also sometimes the reasons for promotions from a casino.

But I am more comfortable using Bitcoin because I can immediately use it as a result of paying from signature campaigns also the value of Bitcoin fluctuates which can make our profit or loss value go up or down is not so important because if Bitcoin goes down we just have to be patiently waiting for it to go up because of a decrease in price Bitcoin will not be far away in the short term, very different from other coins which can go down very deep so that it will erode the profits we have earned from gambling. Meanwhile, thinking that stablecoins will be easier to track losses and wins is not entirely correct because stablecoins will also experience a decrease in value when we exchange them for fiat. But I'm sure most members of this forum will prefer Bitcoin because all casinos accept this coin.

Don Pedro Dinero

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In my case only with bitcoin. Years ago I had doge and used it to deposit as well, but nowadays I only have bitcoin. Apart from that, I did get USDT but because in the previous campaign I was in, I got free spins several times, which were paid in that stable coin. I was lucky and I hit big wins a couple of times, and I managed to withdraw USDT.

As far as I can see from the poll results so far it's pretty divided.

LDL

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Bitcoin is the only safe and easy coin for gambling. However, besides Bitcoin, gamblers use various stable (USDT, BUSD, USDC) and unstable coins (Ethereum, TRX, Dogecoin, Binance coin, Matic, Solana, etc.). I always use USDT in stable coins and BNB in unstable coins and in some cases TRX. But I use Betfury.io casino site among many gambling sites, I use that site's own coin BFG.
But some local gambling and casino sites in my country have the opportunity to use my country's fiat currency and I use my country's fiat money in all those sites.

Darker45

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This is precisely the reason why I now gamble with fiat. I used to heavily gamble with Bitcoin, Ethereum, and other altcoins. I lost track anymore of how much I lost in total, but whenever I look back at my betting history, I'm brought to a realization that a big amount of money was already lost. Years ago, when the price of ETH was much lower, I could easily bet 0.2, 0.5, 0.6 ETH. Today, they're already worth thousands in USD.

Fiat should be the one treated as a toy money. It's somewhat a waste playing with a currency that appreciates.

ralle14

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I'm still using unstable coins (mostly BTC) because I rarely have a reason to use the other coins, and it's a hassle to keep switching to a different crypto whenever I want to gamble unless there's an issue similar to what we've been experiencing these past few weeks. While the BTC network continues to be this busy, I might give the stablecoins a shot later this week and find a good wallet since that's one of the inconvenient parts for me when I plan to use a new coin for gambling.

alpamar99

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It seems that almost everyone is doing the same thing and indeed for stable coins it is still quite worthy in this regard. but on the other hand, even though in this case there are some who are in bitcoin but in gambling I have never done this.
I prefer stablecoins to bitcoins even though this win makes more difference in the fun it seems but I choose not to do that.

alegotardo

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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've always enjoyed using Bitcoin, confirmation is usually quick and fees are generally low.
I make between one and a maximum of two deposits per month, so I usually don't lose much on fees and network confirmations aren't an issue for me either.
However, I confess that when the Bitcoin network is more congested and with high fees, I resort to alternative stables like USDT or USDC.

Fortunately, most casinos support several cryptocurrencies, so it is possible to please all customers.

judeafante

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I agree with OP if you use USDT you'll easily get the idea of your winnings and you will not have to depend on the market status of the coin you used to bet with USDT if you lose 1 you lose 1 that's also what I'm doing so the market price will not have an impact on my motivation to play if I'm using Bitcoin and the price is going up I will have a second thought of using it to bet.

Topic: Which Crypto coin Do You Gamble with the Most? - page 7. (Read 805 times)