Post
Topic
Board Gambling discussion
Re: Fiat or crypto betting in bear market?
by
wuvdoll
on 08/12/2018, 04:18:45 UTC
why you do not bet with cryptocurrencies in a direct way? To me it seems like you are just adding some additional steps that the only thing that they do it is to eat away your profits, the only reason of why you should stop betting with cryptocurrencies is if you are a long term holder and you are a long term loser when it comes to gambling.
Does betting on cryptocurrencies in a direct way require same level of skills and strategies for betting on dice or sports ? As far as I have concerned betting on cryptos is very much similar to trading. If that is true then how his actions will be "adding additional steps while collecting cryptos" ? I understand that you are missing out something most probably Wink. Making use of profits from gambling to buy cryptos must be a greater way to support this space. I always appreciate that.

you will lose money not only from holding your coins in this bear market but also you are losing money from the reduction in the number of coins that you have because of gambling.
Obviously when we touch our cold storage or any holding simply, which may lead to reduction or addition based on our performance. But, the value of our holding is purely based on market conditions, our gambling activity will have zero effects on that.