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Author Topic: Does the changing value of BTC affect your decision to gamble in crypto casino?  (Read 651 times)

Offline $crypto$

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50% yes, I also do the same thing as you, that is, betting on luck can provide profits, but with limitations when betting with bitcoin because it's a shame if there are too many losses, maybe when bitcoin is going down we can buy a lot of btc with the same fiat but in In a matter of hours, the BTC that we bought previously can provide 2-3x profits without having to bet
I myself would think twice about gambling using btc, while btc is down, because I think it is a good opportunity to accumulate bitcoin in the wallet. If we think we win then of course it will be very profitable, but there is no guarantee with that.

I would prefer to gamble using altcoins like trx for example. using bitcoin to gamble when the price is falling will certainly make us waste more bitcoin. I would rather buy it again than doing that.

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Offline Agbe

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I don't know how others looked at it, I don't think the decrement  of bitcoin or any cryptocurrency has an effect in gambling because you only deposit why is available in your wallet to the casino account and use it to play gamble and when you win you still withdraw what you have won so I don't see any effect on that. And to answer your topical question and content question, I will say no. It doesn't affect my gambling with the crypto casinos. If the price is high I deposit what I will use to gamble and when the price is low the same so it doesn't affect me.

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Online Findingnemo

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Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.

You said you see it as an opportunity to make a profit then in that case becomes derailed from the entertainment and now more turned into an investment.

And the idea itself it not that great, how can you expect you to double the balance when the most likely outcome will be zero cause we lose more than we win while gambling so in case you wanted to make profits then buy crypto when the price decreased and keep it in your wallet.

Gamble when you wanted to gamble, don't let them overlap each other.
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Offline 0t3p0t

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Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.

You said you see it as an opportunity to make a profit then in that case becomes derailed from the entertainment and now more turned into an investment.

And the idea itself it not that great, how can you expect you to double the balance when the most likely outcome will be zero cause we lose more than we win while gambling so in case you wanted to make profits then buy crypto when the price decreased and keep it in your wallet.

Gamble when you wanted to gamble, don't let them overlap each other.
This is the reason why I don't use Bitcoin as a form of bet because the potentail of it as an investment is huge and it's not worth it to use in gambling because of the fact that Bitcoins value keeps on going up. In gambling I personally use stable coins or memecoins but to be honest I used Bitcoin before when I was not that knowledgeable about this because when I was playing in freebitco.in way back I think that was 2017 it got me regret everytime I remeber it because of the value it has today.

Offline electronicash

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Well! when Bitcoin’s value decreases, I actually go with the idea to play. Although it can be risky, I see it as an additional opportunity to profit. By being lucky (just for one minute) in games like slots, I believe there’s a chance to win and double the balance when BTC’s value rises again. Btw, I follow strict responsible gambling measures to avoid any bad surprises or feelings of regret.

You said you see it as an opportunity to make a profit then in that case becomes derailed from the entertainment and now more turned into an investment.

And the idea itself it not that great, how can you expect you to double the balance when the most likely outcome will be zero cause we lose more than we win while gambling so in case you wanted to make profits then buy crypto when the price decreased and keep it in your wallet.

Gamble when you wanted to gamble, don't let them overlap each other.
This is the reason why I don't use Bitcoin as a form of bet because the potentail of it as an investment is huge and it's not worth it to use in gambling because of the fact that Bitcoins value keeps on going up. In gambling I personally use stable coins or memecoins but to be honest I used Bitcoin before when I was not that knowledgeable about this because when I was playing in freebitco.in way back I think that was 2017 it got me regret everytime I remeber it because of the value it has today.

its the same reason why some are using BTC to gamble because when they win, the more BTC they have and its a double win when the price  surges. gamblers are risk takers so its not so uncommon to see them use BTC to wager on sports or just play on slot. and he is right about the feelings of regret when losing the priced asset they have is lost especially BTC.

i try to stop myself using BTC as well but just the few tokens i earn from staking that i'm using to bet. whenever i lose, i stop playing and that just it. resume to just sports betting that only happens every weekends.

 

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