Quote from: crwth on November 03, 2017, 02:06:51 AM

Quote from: serjent05 on October 20, 2017, 05:20:35 AM

Quote from: 2double0 on October 19, 2017, 01:03:24 PM

Quote from: LuanX3 on September 08, 2017, 10:37:14 AM

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?

Not just me, but most people would agree that the price factor does affect the way we use to gamble.
It was easy to lose even BTC0.1 when the price was $250 (a time when I gambled a lot). Then, a time came when it crossed back 1000 again and I have fixed my weekly betting size to BTC0.05 (not per bet, but total bets' wagering not more than BTC0.05). It means even if I lose, I would lose not more than $200 a month, which was affordable. Then, the price had a rapid increase and it gradually caught the attention of media as well as investors and 5x was made possible. I now bet not more than BTC0.1 a month (total wagering of BTC0.1) which means I can afford to lose $500-$600 a month (not compulsory that I lose only, but just a speculation). That's the difference it made to the betting sizes, hope you understood how I gamble. Wink

True this apply to those players who keep pegging bitcoin to USD since they calculate their losses in terms of dollar not in term of BTC. But some players thinks BTC as independent from USD and does not really care if it goes up. I saw someone losing around 200 plus BTC when Bitcoin was around 1k USD and the guy just say that it is not real money just Bitcoin. LOL.

If the player only see BTC as the currency being played, probably it won't affect him much but think about it, if you were playing a long time ago 0.1 in a value of BTC at $250, it's just nothing and seeing that you are able to do it, makes you think that it's still possible to do in a $7000 value in BTC with also 0.1. Basically, it's the same thing, it's just that makes you more aware on how much are you willing to lose.

That is true, if you use bitcoins just as it is then you can go and gamble without even trying to see what the current price of bitcoins are. But the problem is we are not all early adopters that have thousands of bitcoins in their possession. Most of us are just playing with a few dollars and if that is the case then we would really need to consider how much are bitcoins at the time we are playing.