Re: Does bitcoin's price volatility affect your gambling habits?

So does this factor affect how you gamble?

If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?

If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?

Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price.

You can buy a lot of food by these 100 dollars that you keep on saving in gambling sites every week and food is much better than gambling. You must be winning and losing. Also as you are a regular customer, you must be actually losing more because house always does this with such people.

Don't you think your bitcoins are actually being wasted away and you can utilize them in some more beneficial way?

Really I am just wondered and astonished with the people who are even gambling with bitcoins. It is not bad to even gamble with fiat but okay let it be a little foolish but why people are just wasting their entire bitcoin wallet just for gambling. They think by doing so, their bitcoins could be doubled? Seriously? They are just fools, fools who never get their money again.

Because some people has no access to credit cards or a gambling account that requires so much KYC that they even require a selfie with your mom. :/
Bitcoins provided a way for people to gamble, not every body bought bitcoins for purposes of speculative investments, some uses it to gamble on casinos or sportsbooks.

This is why bitcoin gambling is becoming popular because of the convenience that it gives and there not hassle on following up shitty KYC rules. Bitcoin price volatility doesnt affect too much on how i do gamble but somehow you would regret later on because you would lose up soo much totally when price do rise up.

Unless someone converts USD to BTC, the price volatility won't create any difference. And even if you are holding some BTC and gambling the rest, I agree surely he/she will feel or remember the loss he made on gambling, but thats future. At the present mostly it doesnt matters untill I buy Bitcoins.