Post
Topic
Board Gambling discussion
Re: BTC price VS gambling
by
Ultegra134
on 24/04/2021, 17:42:47 UTC
A litte drop of fee now on bitcoin transactions, as you cen see in https://mempool.space/.. the highest priority now is only 6 usd, compared to yesterday's 10 to 15 usd. It's now time to transact bitcoin to save fees as eventually it will again rise as the mempool gets congested.
It is still too high comparing to many other altcoins like Ripple, Tron, Doge, even BNB (BSC). I see Bitcoin as wealth, so its hard for me to justify using it to gamble. Best is to gamble with Tron in my opinion, cheap coin, cheap fees etc.
Whereas when prices are rising we need to be careful to not lose money.
Thats true, if the value is high we are careful not to lose it and instead we are eager to win more because of the price. During that time im hesitating as well to spend my bitcoin in gambling or to make a deposit. Because aside from high transaction fees, im also thinking to be more wise refraining myself to play, unless the btc is already in my gambling account. If I can make my money double then its an achievement however we know gambling is risky and a game of luck to win so it wont be easy.
You are right. When we can think that it will better to hold bitcoin while the price increase or sideways, we will not use it for gambling instead of using the other coins, it feels bad if we lose in bitcoin than in altcoin because the value is different. Even if we have the btc in our account, that will not be a good idea to use for playing gambling because we know that we can lose all of the btc amounts anytime in gambling games. However, if btc price increases more than now and the fees still not reduce, then there is no other way to just hold and sell it in the exchanges or convert it into altcoins first and send it in the exchange can make a profit from that.
It's best to hold Bitcoin since I deem it as an investment asset, I feel like I'm gambling with golden nuggets. Unfortunately, I had already deposited BTC when I started micro gambling thus I'm not going to bother switching coins now, since I already have a balance that can suit my needs.

I also regret using my left over Dogecoins for that purpose, but I couldn't have guessed that its price would rise so much.
Noone could guess what happened with Doge. I wanted to kick myself when I realized Elon Musk's pump but it was too late.
Haha, don't get me started either, I recently found a Dogecoin address which belonged to me but I cannot find the login credentials or any other information about it. Sucks seeing it reach $0.40 and not being able to recover your coins.