Does the changing value of BTC affect your decision to gamble in crypto casino?

[shanz]

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 know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why?

[Charles-Tim]

You posted this also on the other forum and my replies would still be the same.

I can not think of it at all. I am just gambling with a tiny amount of money that I warn weekly. The last time that I gamble which was last week on two games in Portuguese league, I first use almost but not up to 4% of the money that I earned that week. The second match was with less than 2.2% of the money that I am earning weekly. I do not think of it at all.

I think when someone will care about it is when they are using a significant amount of money to gamble.

[0t3p0t]

Nah, I don't think it's a good idea to use Bitcoin in gambling because I think most of us if not all prefer to hodl Bitcoin for future profits rather than risking it out for nothing since we all know that gambling does not guarantee any winnings so yeah not worth it to use Bitcoin on that activity better to use it as an asset as it is for me the best investment.

[SmartGold01]

If Bitcoin changes or drop then your asset drop in USD but what you have is just the amount in BTC but I don't think this should affect your decision to gambling because when you stake you stake with a specific amount but it's not drastically affect your odd neither is it going to reduce your games but you need not to regularly check your account for gambling because you would have the feeling that you are losing your portfolios.

[Rruchi man]

How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why?

My response on bitcointalk is the same response here. I will advise any new investor in bitcoin who happens to be a gambler too that they learn to ignore the fluctuating value of bitcoins if they know that they do not yet have the hard skin to deal with the charts and the daily monitoring of the bitcoin movement. Monitoring the charts daily can lead to fear, uncertainty, and doubt in the new investor, and that can influence their behavior.

Old investors trust the process and understand where the value of bitcoin is headed. We are mostly not so much influenced by the charts and fluctuating value of bitcoin when we want to gamble; we understand the risk of gambling and always gamble responsibly.

[robelneo]

It will not deter me from using Bitcoin whether the price is dipping or rising I am more concern on enjoying and winning if I can if I win I can hold Bitcoin if its dipping and if the price is rising I will have doubled my profit.
I usually change my preference only if the transaction fees is too high, that's when I opted for altcoins.

[LogitechMouse]

Re: Does the changing value of BTC affect your decision to gamble in crypto casino?

As a gambler that's gambling only a small amount, I don't care at all.

Whenever I gamble especially when I'm using BTC, I always put to my mind that I'm betting using BTC and not fiat currency hence, I don't care whether the value of it will go down or up. At the end of the day, the BTC that I use to gamble is what I consider as "LOST MONEY" already that's why I don't really care about it. I guess it will only care for me whenever I withdraw that BTC if I win a huge amount. I guess the changing of value of BTC only affect those investors that are using huge amounts of it to gamble.

[Sim_card]

I am not into a long parlay slip that will take weeks before the games will be completed but I bet and get results within 2 hours making the price of bitcoin not a problem for me when gambling. However, I gamble more with USDT because it is a stable coin and I can gamble whenever I want either when the price of bitcoin dips or pumps.

[|MINER|]

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 know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why?

Fluctuating the bitcoin price change my mood but not in case of gambling I always put them on two different side investment are on the place of investment  and gambling are on the entertainment purpose. So I don't mixup those in one.

Usually I play gambling with the altcoins which have low transaction cost for avoid the extra fee of mine. I don't use bitcoin for gambling and I don't have anyplan to increase my bitcoin amount double by gambling.

[Zed0X]

The value doesn't affect how I play now but that's only because I stopped using BTC for betting. Since I just want to focus on winning a bet, I switched to stable coins not on the Ethereum blockchain. I find it bothersome to be thinking of price fluctuations while playing.

[bitterguy28]

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.

you are right actually and if you lose (hopefully not) it might seem less regrettable since the winning price wouldn’t be too high

though some gambling sites do not have bitcoin as their primary currency but i guess if bitcoin’s price is low then so does almost all altcoins

I consider playing as an entertainment activity rather than purely a side hustle.

that is good for you and would allow you to not be led on by your emotions too much when the price of bitcoin is down you might be too eager to make profit and if you plan on making profit through gambling surely that will affect some of your decisions

[Kemarit]

Nah, I don't think it's a good idea to use Bitcoin in gambling because I think most of us if not all prefer to hodl Bitcoin for future profits rather than risking it out for nothing since we all know that gambling does not guarantee any winnings so yeah not worth it to use Bitcoin on that activity better to use it as an asset as it is for me the best investment.

Same here, I would rather hold by Bitcoin than to gamble it, specially if there is a massive spike and the price is going on parabolic rise. And there are even a time wherein we total move out of Bitcoin gambling as it is not possible because of the huge transaction fees.

At least for gamblers, we have experience it already and so we know what to used the next time if this cases happen again or if the price of Bitcoin is going up. And it's better to preserved it than to gamble it away. There are ways to used other crypto though, maybe USDT is the best to used as per my experienced.

[SmartGold01]

The value doesn't affect how I play now but that's only because I stopped using BTC for betting. Since I just want to focus on winning a bet, I switched to stable coins not on the Ethereum blockchain. I find it bothersome to be thinking of price fluctuations while playing.

That is also another good start because if one can't risk to pull of their bitcoin to gamble or feels that their holdings are being affected it's better to gamble with stable coins but what more? Just not to lose ones total Satoshi but could used stable coin to gamble. They are actually the same except if the price are falling very severe then can decide to convert the coin to stable because if used to gamble the wouldn't change but until the price increases before you could see a reflection to it in a more pleasant manner.

[summonerrk]

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 know, I might be right or wrong (since I’m not predicting the future) but I consider playing as an entertainment activity rather than purely a side hustle. How about you? does the fluctuating value of BTC sway your mood and influence your decision to gamble or not, and why?

I think that you shouldn't gamble during the fall of Bitcoin, it's better to put this money in stablecoins. So that later you can buy the cheapest Bitcoin at the rate at the bottom. Therefore, I advise you to think about not connecting gambling and the Bitcoin rate.

[MUGNIA]

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