Post
Topic
Board Gambling discussion
Re: BTC price VS gambling
by
Mauser
on 15/04/2021, 06:44:01 UTC
The btc fees will drain my sats value if I keep on playing in BTC and not win at all. I switched to doge/xlm as the fees are much lower and they are faster to transfer as well. BTC is just a gem today with its current price and i will HODL to whatever sats value i have left in my stash. I used to transfer with ETH too but the current network congestion makes the fees beyond reasonable at all.

The BTC fees are quite high, so if we only gamble with a few bucks, then using BTC seems wrong. But if we win big and can cash out a few thousand USD then I would still go for BTC. The bigger problem I have when gambling long term, is that the return on BTC is so high these days, that making similar returns with gambling seems impossible. It might be just better to hold the coins and keep gambling with FIAT money. When using USD or EUR as base currency than converting too often just doesn't makes sense. Doge might be a good alternative, but the price is also rising recently.