Post
Topic
Board Gambling discussion
Re: Does Bitcoin price rise affect your gameplay?
by
maydna
on 31/10/2020, 01:31:23 UTC
Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
Bitcasino.io
No, unless you are buying bitcoin everytime you play. Also, it is just the value of bitcoin that was increased but not exactly the difficulty of getting profits. Yes, winning will always depends on your luck but it is all on that. Increasing in price of bitcoin is not included in the difficulty.

I wouldn't suggest buying bitcoin to playing gambling because it is better to buy bitcoin for hold or trade. After all, we can profit that way. If you only buy bitcoin to playing gambling, if you lose, you will lose much money because if you can't control yourself, your loss will be bigger. Besides that, winning in gambling will depend on luck, so if you feel you don't have much luck in gambling, you should not playing gambling.

Honestly that affects me a huge impact during fluctuations of bitcoin price, and when price drops profit doesn't went good. Somehow that a better opportunity once transactions fee also goes down, because I could enjoy the cheapest payment. Though sometimes we've been struggling on gambling, owning btc as an sustainable asset we can grow it also for trading and holding long term. The profit gains that we earned can be used for gambling instead.

When the price increases, the transaction fees will increase to high fees. That will be one of the reasons why many of us use altcoin to gamble. But if that person has many bitcoin, that would not be a problem for him to still use bitcoin to playing gambling. Even if the transaction fees are down, it doesn't give us more chances to win. We should treat bitcoin as an asset for now, and we have another option to grow the amount of bitcoin that we have by trading. So we can have a way to make a profit from trading than from gambling.