Quote from: blockman on Today at 06:53:46 PM

Quote from: Fortify on Today at 11:49:35 AM

Quote from: blockman on Today at 11:07:42 AM

If someone wants to gamble with their bitcoins, tell them to sell it and then gamble with the cash. You cannot stop people who want to spend their bitcoins for gambling and tell it that they should've sold it instead. If the choice as they want to gamble is bitcoin then it should be made by them in bitcoin and they're comfortable using it. Although some may say that it shouldn't be bitcoin that they must use because there are other options for cryptocurrencies to be used for gambling. But that's it, the higher the price, the lesser bitcoin that can be used. Anyway the price of bitcoin has decreased a lot and one can choose to gamble with other altcoins that they prefer.

This is true. The volatility we've seen since this thread was originally posted is a prime example why Bitcoin should not really be used for gambling unless you happen to think it will go up from the current price. There are many reasons, like if you're buying Bitcoin purely for this purpose your "money" value has dropped in half since February. Alternatively you would have been better off cashing out if you had funded a casino account in the huge run up to $65k, it probably would have given you a much better return on your assets - if not the same level of fun. Fiat money which is relatively stable is a much better way to gamble because you don't have to make a layer of secondary valuation calculations due to daily swings in price.

Yes, that's one consideration that a gambler has to take. But if his bitcoins came from holding since a year or two ago, that's just fine to gamble at this rate because it won't be hurting him much if he bought it at a rate that's quite low. But if someone who's too sensitive with the price swings, I would agree that aside from using altcoins to gamble, he can fund his account with fiat and just use it to gamble so that there's no pressure and no need to think of how much he's going to win or lose in terms of bitcoin's value.

Sometimes we have to take gambling seriously if we want to ensure profit, for sports bettors or those who are playing games that they are believing they can use their skills, they can trade their bitcoin into stable coin, using TRC-20 transaction for fast and cheap transaction fee, then you'll not anymore worry on the volatility, prbolem solve and we will also not gonna take about the high fees anymore.