Re: Fiat or crypto betting in bear market?

Want your opinion on this guys.

We are situated in a bear market for some time and with a huge crash happened the past 2 weeks.

Do you guys keep betting with crypto and stack your crypto profits or do you prefer to switch to fiat betting and convert fiat winnings in crypto?
Me personally I love to bet on sports, fiat as well as on crypto platforms. However during the crash I switched to betting on fiat bookies for 90% of my bets.
Profits i make at this moment with fiat bookies i use to buy crypto cause of the cheap prices. those converted profits i deposit on crypto bookies and try to make some profits in crypto as well.

Don't know you share the same strategy or rather stick to fiat and/or crypto bookie as you usually do.

It would depend still on the gambler himself.
Some people would surely choose fiat because it would be cheaper in a sense that its value is consistent unlike in cryptos which changes from time to time, and whenever it is falling, your losses would be bigger. I would say that things are just equal. Indeed, fiat would be cheaper in a sense of having a consistent value but the transaction fees would surely cost higher. In cryptos, transactions are faster yet costs less. And personally, I do prefer using crypto for betting in gambling games than using fiat because of the convenience that it is giving to the users. We are on the era of block chain technology in gambling industry, and it won't happen for no reason.

I do also prefer using crypto in such activity as online gambling. They are saying that it promotes more security. Is that right?

That's indeed true. Cryptos are brought by block chain technology. Instead of uploading data to a cloud server or storing it in a single location, blockchain breaks everything into small chunks and distributes them across the entire network of computers. Its a digital ledger of transactions that lacks a central control point. Each computer, or node, has a complete copy of the ledger, so one or two nodes going down will not result in any data loss.Everything that occurs on the blockchain is encrypted and its possible to prove that data has not been altered. Because of its distributed nature, you can check file signatures across all the ledgers on all the nodes in the network and verify that they havent been changed. These reasons makes it suitable in online gambling.