Which cryptocurrency do you use for gambling frequently? - page 8.

CryptopreneurBrainboss

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Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

This should had been one of the very first precautions you should have taken as a gambler and not waiting for the market to experience so bad outcome before this pops into your head. Keeping your investing funds together with your gambling funds make it an easy spending source for when your bets aren't going your way and you need more funds to continue betting.

Regarding the coin I use to gamble, initially I started with the platforms native token and that was one of the criteria I used to select my preferred gambling sites since the bonus usually associated with them were mouthwatering but this day I used any cryptocurrency available on the platform surfer that coin can't determine or affect the outcome of my bets.

$crypto$

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There is no problem with bitcoin going up or down I always gamble every week, but what I often use crypto in gambling is DOGE, ETH and XRP according to what we want to use, the most important thing is as long as we don't use investment money to gamble.
Now there are many gambling sites available, but there are also some crypto that are used, but often used are the top coins of bitcoin and ETH like that.

sunsilk

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Bitcoin no matter what the situation of the market. Ups and downs, still bitcoin. I don't find a reason to gamble with any other cryptocurrency unless I'm pretty much longing for some excitement that it might bring to me.

I have played using other cryptos but whether you play with different cryptos, this depends how you will find significance with it. And with what I think, I don't think that there is and feeling the same so still staying with bitcoin.

GreatArkansas

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Bitcoin frequently. But I also tried to use Ethereum or XRP before especially when the funds that I want to gamble is from one of the trading exchange. Why not Bitcoin? Because the withdrawal fee, if you will use Bitcoin, is kinda high compare to Ethereum or much better XRP which the withdrawal fees are really low, much different from Bitcoin.
But there are some gambling websites that you can trade or exchange your cryptocurrency to other cryptocurrency and use that to gamble on their website.

Becky666

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This will definitely give miss reactions because of individual differences. Personally, my favourite cryptocurrency used to gamble is Ripple and u gave been enjoying the games all along. This cryptocurrency has a very good representation when it come to gambling, with this cryptocurrency I have gamble on Stake.com with a small amount and won with a huge amount recently. Am always very sceptical about loosing money from my savings to gambling platforms because I know how difficult it is to make some decent money from this end.

I prefer using a very cheap cryptocurrency to gamble and not to use best coins. Using the best coins in gambling can easily lead to a huge loss during gambling. Although, sometimes I use just about 10% of my Ethereum to gamble but very mindful of this disbursement as it can easily lead to disappearance.

Ailurophile

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I only use Bitcoin and Etheruem for gambling.
I haven't tried any other since it is only the crypto that I want to hold or invest in.
I don't really want to use other crypto for gambling since it would cost too much just the fee for transaction and fee from trading.

Kasabus

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I still use bitcoin in my gambling needs, actually I am not heavily affected even if bitcoin will dump 30% a day as I don't gamble a lot of money in gambling, and we also have to consider that bitcoin pump so it's an even situation, and if you have been cashing in and out in a daily basis, I think you'll not affected much with the high volatility.

electronicash

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new casinos today are in the TRX which works fast and so i'm also betting using TRX, most of them has the minimum of 20TRX. not a big amount to spend for every spin but yes, enough to test some martingale strategy for dice. i couldn't do it with BTC because it felt like i'm wasting it. but with TRX or EOS, its not a big loss. the best part is that i am also earning these TRX from these casinos thru the dividends.

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I usually gamble using BTC as my preferred cryptocurrency option. It's flexibility and privacy increases its utility. But during a crash such as this, I would rather not take out from my stash to gamble, instead, I'll buy Bitcoin in real-time through a trusted exchange to try and maintain the value at the time of purchase and at the time it was used as a wager.
If for example, you bought BTC at $7k, you would not want to gamble with it when the price is at $4.5k in order to protect your capital.

sheenshane

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At this point, while crypto market had crushed the price. I prefer to use cryptocurrency like Bitcoin or altcoins but first I need to use my fiat to purchase cryptocurrency. You will see the difference on it by its value and I don't use USDT or any stable coins. But this time I won't do gambling since we are still facing pandemic and for sure some of our fellow gamblers had to feel the economic crisis.

However, using a stable coin is just like you are using your fiat because that was the same value of USD.

Darker45

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Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

First, money for gambling should always be separated from money for investment, money for expenses, money for savings, and so on. Money for gambling should be the least priority, if at all.

Second, if you gamble with USDT, what's the significant difference with using USD? I admit I haven't tried using USDT for gambling. Even the sound of it seems a little strange in a gambling site for me. I cannot remember playing at a casino or betting site accepting USDT.

By the way, I mostly use the leading altcoins for gambling.

Naida_BR

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Personally, I don't like to gamble with cryptos that has a great potentiality to grow in value such as ETH, BTC.
I mostly consider them as a digital asset and I try to keep them stored in my wallet in whole portions. I used to gamble with DOGE, or TRX coins that have big circulation supply and their value is considered more stable to my eyes.

Wexnident

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Most casinos use famous coins listed in exchanges such as Bitcoin, Ethereum, Litecoin, Ripple, etc. Even if the market were to crash so badly, I doubt they would change such usages since a market crash would most likely affect every coin out there. Sides, the USD conversion changes depending on the price after all so I doubt there would be much changes.

I use mostly Bitcoin and Ethereum, depending on what I have on me at the time. If I have both, then I just pretty much just alternate between the two, or maybe just a whatever moment and use either. Not much difference tbh. As for separating the investment and the gambling, I mostly convert my current USD to crypto then gambling. I don't use my current investment in crypto in gambling. I kind of have different notions between the two, hence the separation.

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Quote from: Nadziratel on March 21, 2020, 02:43:50 AM

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

Actually most gambling site utilize the use of major coin such as btc, eth and sometime usdt but majority uses bitcoin. We cant comprehend the usage of such coin and suddenly shift from another coin just because we experience price melt down. Even gambling sites bleed to death as the value of their capital turn down due to crash of market. Why do you think usage of usdt could altered the effects of gambling? Though even using btc you just adjusted with the market tag price.

Nadziratel

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With the retreat in the price of Bitcoin, this question started to come to my mind. I personally mostly like trading with ETH. I think both liquidity and mobility are faster. However, as a result of the price decrease experienced in the previous weeks, we have seen that the balances we tried to earn are rapidly melting against the USD.

I think we need to completely separate the crypto money we buy for investment and the crypto money we use for gambling. Personally, from this point on, I will use as many USDTs as possible for gambling.

Topic: Which cryptocurrency do you use for gambling frequently? - page 8. (Read 628 times)