Crypto Gambling - Risk and Thrills - is it better than fiat?

[Kemarit]

I see not big difference if I gamble with crypto or with fiat. I still have my balance turned into displaying in fiat. Whenever I bet I am guided with amount I bet in dollars, so I would quickly can evaluate how much my bet really is worth. If I bet 0.026 ETH that does not tell me much. But that is $50. Betting $50 is more familiar for me. Speaking about thrill, it also does not matter much if I bet crypto or fiat. It matters only if the best is large.

I think what matters is that if we are going to win or not. And yes, in crypto base gambling sites, we can have the equivalent in fiat. So let's say we play slots and we wanted to bet like $0.2 then we can do that.

Same thrill and adrenaline rush for us. If we win then good, but if we lost this is this mental trauma to us. Nevertheless, after that we can go back and play again and deposit like $50.00 and continue and chase at the same time have some fun.

[bitbit97]

You are correct, same thrill with any valuable thing as a bet. It does not matter if we bet crypto, fiat, gold, sea shells, bricks, anything. Anything gives same thrill, same emotions if that anything has a value and is valuable for me. What matter is winning or losing only. Just a fact of loosing make everyone feel disappointed.

[robelneo]

Is Crypto Gambling Worth the Risk?
I think some of the thrills crypto brings are the speed and simplicity of transactions and the Privacy but there are also risks like volatility.

Online casinos that use cryptocurrency have become so popular because of all that you've mentioned, so I have to agree that things got better for online casinos because of cryptocurrency.
The volatility is something that the players are aware of, but between the pros and the cons, the industry chooses the pros of using cryptocurrency because they outweigh the cons.
I think it will continue to be this way, players preferring the ease of use of cryptocurrency.

[pieppiep]

You are correct, same thrill with any valuable thing as a bet. It does not matter if we bet crypto, fiat, gold, sea shells, bricks, anything. Anything gives same thrill, same emotions if that anything has a value and is valuable for me. What matter is winning or losing only. Just a fact of loosing make everyone feel disappointed.

Yes, this feeling victory or loss depends not on the form or type of bet but in the trust and interest that one puts in it. In meaningful things, the result is always worthwhile and felt out of the actual essence and not just fakeness. It is quite natural that even for those who decided to place uncommon bet, they will feel disappointed if they lose the bet. That is where the emotion is with something so open and free and full of choice as the human spirit – we give meaning to what we choose to fight for. The sorrow of losing is to go with it not only the loss, but what was to be expected. On the other hand when there is winning, there is such an agreement that it was worth going through the whole process.

[Rubel007]

Yes, I think it is much safer and risk free than fiat currency. I deposited money on a gambling platform with fiat money. Unfortunately, the site took a long time to deposit my money. I got good odds on a bet, but I didn't deposit at that time. I felt quite annoyed. Because gambling opportunities don't come around often. I missed the bet and I won. But if I was gambling with crypto, I wouldn't have to worry about that. I would have received my deposit money in an instant. That's why I consider crypto gambling safer than fiat in all aspects.

[Findingnemo]

Is Crypto Gambling Worth the Risk?

Crypto gambling has gained a lot of attention for its fast transactions, high-stakes potential, and privacy benefits but my question is, do you think it's better than fiat?

I think some of the thrills crypto brings are the speed and simplicity of transactions and the Privacy but there are also risks like volatility.

Privacy isn't there anymore, every crypto casino now have KYC policies as mandatory as a result of licensing but other things are stil positive. We can simply choose any casino irresl of where they're located to play there but with fiat we may have restrictions or have to wait for days to make a deposits and even with withdrawals are processed faster with crypto. So the essence of gambling remains same while offering better user experience.

[$crypto$]

Is Crypto Gambling Worth the Risk?

Crypto gambling has gained a lot of attention for its fast transactions, high-stakes potential, and privacy benefits but my question is, do you think it's better than fiat?

I think some of the thrills crypto brings are the speed and simplicity of transactions and the Privacy but there are also risks like volatility.

Privacy isn't there anymore, every crypto casino now have KYC policies as mandatory as a result of licensing but other things are stil positive. We can simply choose any casino irresl of where they're located to play there but with fiat we may have restrictions or have to wait for days to make a deposits and even with withdrawals are processed faster with crypto. So the essence of gambling remains same while offering better user experience.

You are right, because now most casinos have implemented kyc for users, so there is no more privacy like before.

I think it also depends on how comfortable each person is, crypto or fiat is the same depending on the person. But if we are in the crypto industry where we almost always have money in assets, then we will prefer to use crypto.

[LUCKMCFLY]

For me, in the first instance, working with crypto is a thousand times better than with fiat money. We all know that fiat money has no lid, it has absolute inflation, and they no longer know how to disguise it, so whoever can do operation with crypto is much better, it is safe and there is no such impressive inflation warning. I am very pro CRYPTO, and I do not support the traditional economy at all, because it makes no sense to me, it is corruption, inflation, all in 1.