Pages:
Author

Topic: Which Crypto coin Do You Gamble with the Most? - page 8. (Read 805 times)

hero member
Activity: 1400
Merit: 538
Crypto Casino & Sportsbook
Just like others, I prefer to use stable coins. Reason?, Avoid guilt. Using volatile cryptos would put me on guilt especially if the market price increases and happened that I've lost my capital. It would somehow leave me an impression of a double loss. Atleast with stable cryptos, price would remain as is. If I would be losing $800 in a single day, it would remain the dame unlike with $800 worth of btc perhaps, which could be $1k or more if I choose to hold. It won't  be on a literal basis but the idea is to just lose an amount as is and no other potential of earning profit. But I do get the idea that to other gamblers, using other cryptos, even if volatile, would cost them less with transaction fees which could really be a pro for them.

But that implies you don't even exchange volatile cryptos for stable cryptos in order to then deposit them at casinos? Or am I getting your post wrong?

Because then it doesn't matter what step you take first and whether you even convert it or not. When you lose money gambling you could also be angry at yourself because you could have taken that money and buy more Bitcoin.

But even when you convert Bitcoin into stable cryptocurrencies, it could out of luck turn out to be the right action if the price drops while you are gambling with it and perhaps even make a little profit.

I think eventually it is basically about the decision whether to gamble or not and what the budget should be. It could go both ways, but sticking to constantly buying Bitcoin with funds you might have lost gambling otherwise is never a wrong plan. Rather some additional Bitcoin than some potentially lost stable cryptocurrencies lost.
hero member
Activity: 2590
Merit: 644
~snip~
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 is quite reasonable to read.
But I always gamble using my BTC because I earned that here in the forum and I never spend my own money from my pocket when I am planning to gamble. If the BTC network becomes congested, I can wait until it will cool down. Because one of the reasons I choose BTC and other unstable cryptocurrencies is the potential for price appreciation. Yes, it is, BTC has experienced significant price appreciation over the years, which has attracted investors and speculators. Gamblers like me view BTC as an investment opportunity in addition to using it for gambling purposes. Because we probably hope that the value of our BTC holdings will increase over time, providing them with potential profits.
hero member
Activity: 532
Merit: 508
Leading Crypto Sports Betting & Casino Platform
Well, the casino platform I gambled on has different payment systems, and the best of them is that they have options to deposit even in my local currency, which has been my preferred deposit option. I think I have tried to deposit with Bitcoin once, but I find my local currency less stressful because since I will be spending the money so soon, I just need to cash out in my local currency to quickly have some more real fun 🍻😉 with the winning.
full member
Activity: 2086
Merit: 193
Before December 2022 the period before the bull run, I used bitcoin for gambling at my top online casinos. I stopped in between January to March, 2023 and started using majorly USDT. In April, I alternated between Bitcoin and USDT for bets but my preferred coin for payouts was USDT. The bitcoin transaction high fee has made me stuck in USDT. I have never used Ethereum or another coin. I'll try it just to experience it.
USDT and LTC seems to be my best choice for gambling because its pretty cheap for the transfer fee and of course it is less volatile where you don’t lose that much by spending it. I prefer to preserve Bitcoin for my long term goal so I’m not spending it as much as possible and beside, a lot of crypto gambling site offer a cheaper option so why not maximize it and enjoy playing.
hero member
Activity: 2828
Merit: 575
Leading Crypto Sports Betting & Casino Platform
It always depends on the situation when there is network congestion and the fee is high I prefer to use altcoins and when it's ok I prefer Bitcoin I just get used to using it whenever I'm playing when or lose it doesn't matter but I always anticipate winning a jackpot and when it happens I want bitcoin as my price and sometimes it does happen especially when there's a pump going on, but you'll regret it later when the bull is around because you will be thinking all the Bitcoin that you've lost.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
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.

Regardless of the current exchange rates, regardless of the current trend either bullish or bearish, regardless of the crypto coin being used - stable coin or not, regardless of the associated fees, or maybe I should just say, "regardless of everything", my way of betting of crypto is based on the fiat value of it.

Most crypto-gambling sites nowadays have that feature where our current crypto balance can be displayed in its fiat value while betting. Therefore we don't need to worry about how much should we bet in crypto value - if users really don't care about the exact crypto amount that should be placed in the bet and will just rely on its fiat value.

To answer specifically the subject, mostly it's Bitcoin and USDT that I used most in my overall crypto gambling activity but it doesn't mean I'm not open to betting on any other crypto coins as I said above. Again, whatever the crypto being used is, I will depend on its fiat value while betting.
hero member
Activity: 2716
Merit: 588
Bitcoin is probably the most used for gambling because this coin has high popularity but because of very high fees in the mempool I prefer Tron network USDT and also some other altcoins which have lower fees, another reason because the solution is cheaper while the deposit in gambling that is not too big, the altcoin choice is perfect for me.

I think there are a lot of variations and other reasons they have why they choose altcoins and with withdrawals with altcoins it's also lower and fast maybe that's what they choose even though I know some of the coins available in casinos provide instant withdrawals.

It depends on which coin I have and usually it is bitcoin.
But I only have limits when it comes to gambling this coin.
As much as possible I stick to my allotted budget as I want to keep my btc as much as possible.
I believe a lot of gamblers are already switching to alts as the tx fees are cheaper than btc.
sr. member
Activity: 504
Merit: 283
Before December 2022 the period before the bull run, I used bitcoin for gambling at my top online casinos. I stopped in between January to March, 2023 and started using majorly USDT. In April, I alternated between Bitcoin and USDT for bets but my preferred coin for payouts was USDT. The bitcoin transaction high fee has made me stuck in USDT. I have never used Ethereum or another coin. I'll try it just to experience it.
full member
Activity: 1708
Merit: 126
We always have a single coin where we're comfortable using. As for me, I'm more comfortable when using stable coins. I could feel that I would be able to control and monitor my gambling expenses wisely through it. When it comes to Bitcoin, I prefer holding it than using it especially during the price peak.
There are also times when I often use other trusted coins like Ethereum and BNB because I feel safer using them. There are gamblers who uses meme coins but I'm not used to handling them because of their risks. However, that will still be a good option to save transaction fees.
hero member
Activity: 2492
Merit: 548
8ombard - Pick, Play, Prosper!
Bitcoin used to be the preferred one. Apart, ethereum used to be the lucky one. Dogecoin and tron were used when I used to be much serious in gambling. Most of the time I switch between coins to check the luck. Not everytime this works, at times this had helped me overcome the losses. However the overall statistics of my gambling history is in a big loss.

Whenever the market is down I prefer gambling with bitcoin. This is a way to increase the holding and the value rise can be experienced when the market turns bullish.
hero member
Activity: 2856
Merit: 769
Did choose this one.
Any coins goes, stable or unstable.

This means that it would be according on which coin i would be using and we know the fact that it is really just that wasteful if you do spend up your Bitcoin on gambling specially if you are really that someone who had
been accumulating just because of that investment matter or having that perception of those pumps in later years which it cant be avoided for you not to think that spending them would be waste but of course
it would really be normal since you are dealing with gambling.But basing up on my spending or usage of coins then it would really be something small part of Bitcoin and if the time i do feel out
on spending some DOGE then i do make use of it and on the time i do love to make use of TRX then i do make use of it. Sometimes i do really make use of stablecoins
too just like on having the feeling on using up some fiat.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
Bitcoin is probably the most used for gambling because this coin has high popularity but because of very high fees in the mempool I prefer Tron network USDT and also some other altcoins which have lower fees, another reason because the solution is cheaper while the deposit in gambling that is not too big, the altcoin choice is perfect for me.

I think there are a lot of variations and other reasons they have why they choose altcoins and with withdrawals with altcoins it's also lower and fast maybe that's what they choose even though I know some of the coins available in casinos provide instant withdrawals.
hero member
Activity: 868
Merit: 1094
Bitcoin was preferable until the recent hike of transaction fees in the blockchain. Sometimes I used altcoins like litecoin and some times the token provided by the site. But I believe that a large number of people use bitcoin because it is easier to access make deposit and withdraw.
That is true, the fee is very high by now. I prefer to use USDT as it is stable with US dollar price.  But sometimes, I can prefer bitcoin if I know that the price will increase than to be falling. The price increase would be enough to compensate me the high fee.

Most casinos are only accept USDT in ETH network, the fee is high, so make sure you're use Tron network or other that is cheaper.
I have used more than 5 crypto casinos by how and all of them that accept USDT accept USDT TRC20 too which has a cheaper fee.
hero member
Activity: 2030
Merit: 777
Leading Crypto Sports Betting & Casino Platform
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 have a different impression, because you don't have to keep your coins in BTC or any other altcoins after you finish your gambling session. If you fear volatility and its impacts over your holdings, you can simply exchange your cryptocurrencies into fiat or stablecoin on that same moment. This way there will be little fluctuation and you can keep record of your profits under strict control.

However, it's always an interesting alternative to keep profits in BTC, if you are aiming long term profits. But then you must be prepared to hold for long periods of time, without feeling the pressure of selling it before the right time, which may take up to few years, as we have already observed in previous cycles.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
Given that this is a Bitcoin forum I would assume that most people here are gambling with BTC.  That being said, something about gambling with USDT or other stablecoins seems like you're inviting bad things.  Maybe that's just an old timer's perspective, but Bitcoin is still somewhat new and regulation of it is changing constantly whereas stablecoins appear to me to be a direct attack on fiat currency that will be cracked down on and regulated out of existence.  Combining online gambling and a currency that is under attack already by regulators seems like compounding potential issues.
hero member
Activity: 854
Merit: 1246
Bitcoin was preferable until the recent hike of transaction fees in the blockchain. Sometimes I used altcoins like litecoin and some times the token provided by the site. But I believe that a large number of people use bitcoin because it is easier to access make deposit and withdraw.
legendary
Activity: 2450
Merit: 1225
I most the time USD (like USDT/BUSD)

Just for avoid crypto-volatility especially while playing with a few hundred bucks. If people talking about the fee and minimum withdraw, right now the casino are really2 have a small fee.

Some of them under 0.1$ fee and minimum withdraw under 1$.
hero member
Activity: 2870
Merit: 612
Stablecoins makes sense. If one safe currency to bet, you can limit the loss you have. I also see BTC too important to lose but we all want more of it which we desire to double as well. And yep I often regret losing BTC because I work as signature bounty to earn them and in just a nick of time, its gone with the dumb choice.

If there are just casinos that will allow unknown meme coin to bet, I'd be the first to also use it those airdropped to my wallet.
hero member
Activity: 2786
Merit: 578
At most times it's with Bitcoin.

But what I like before when I've been using doge to gamble is that it's like nothing but then probably a mistake that I've made before the pump. Anyway, that's good as long as I've enjoyed.

Aside from the two, it's with USDT and LTC. These are great coins to gamble with and you'll not feel guilty if you're a holder and feels like you shouldn't gamble with it.
sr. member
Activity: 2002
Merit: 269
You have a good point about why you're using stablecoins, it's the same point I had I need not compute because if you lose $1 you lose$1, I experience using altcoins in my betting I won a good amount but when I cash out and there's a dip in the altcoin I've used I just realized I lose 5% of my winning because of the dip which I have no control of because it just happens that I prefer to use it.
So to avoid this I started using stable coin.
Pages:
Jump to: