Post
Topic
Board Gambling discussion
Re: Does Bitcoin price rise affect your gameplay?
by
South Park
on 15/11/2020, 19:04:40 UTC
This is why if you like to gamble it is a good idea to have a small stash of altcoins that have very cheap fees and that you can use in the case the bitcoin and the ethereum network get really busy, litecoin and dogecoin are good options for this, especially dogecoin which not only can get you a fast confirmation but the huge amount of dogecoin I get for my bitcoin makes me feel I am betting a lot of money when in fact I am just betting a few dollars.
It is a fact that i am mostly wagging with dogecoin or XRP whenever the price of bitcoin starts to rise and especially when the network is congested i will always go for alts that could confirm in a short period of time. The price of bitcoin does affect my gambling as i will tend to take less risk when waging with bitcoin whenever there is a rally but i care less when waging with doge irrespective of the market.

Same here, usually XRP and doge for transaction. Bitcoin price is a big factor when it comes to my gameplay. Though I seldom play, but when it does I check the conversion rates first. Same here, that spending bitcoin looks expensive especially when price is mooning.
I will admit that the recent substantial growth that we have seen in the market of bitcoin has affected my gambling a little bit, and it makes sense really when you think about it, the price of bitcoin is going up very rapidly and there is a potential that is going to go up even more so it is natural to not want to spend your bitcoin when that is the case and when you add the huge fees that you needed to pay to make a transaction then that makes it easier to keep holding your coins.