Post
Topic
Board Gambling discussion
Re: BTC price VS gambling
by
Kelvinid
on 30/04/2021, 21:07:09 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.
Thanks for sharing, the price may drop but it's still high for most gamblers. I'd rather trade that bitcoin to altcoins if that's from our wallet, $6 is still higher compared to paying $1 or lower which is possible with some altcoins particularly with XRP.
More reason why am afraid to gamble with bitcoin, the transaction fees are still very much high compare to some altcoins which of-course help minimize gambler loss. Since the starting of the high fees. i have carefully selected some gambling platforms that have implemented the use of altcoins in their platforms and this has helped me drastically in the area of loss.
Sometimes it's high but sometimes it's low, when the mempool is congested, that's where the fee gets high, but if you are monitoring closely, sometimes you can make a transaction to confirm faster with a fee of $1 to $2.. I guess it's still reasonable given the current price of bitcoin.

Quote
A time will come when very few will be using bitcoin for gambling becasue of it price in future.
Maybe the fee will increase more in the future, but gamblers would still used bitcoin as its the most liquid, also consider the LN, it will make things easier.