Quote from: ultrloa on Today at 10:05:44 PM

Quote from: goinmerry on June 25, 2022, 10:18:05 PM

Quote from: ultrloa on June 25, 2022, 09:57:12 PM

But sometimes the phase will be different if you start to cashout your money on gambling site. For sure this crash affect even if your old timer because you will possibly look at the value especially when you bought yours at expensive rate. But if you mean upon gaming surely gamblers will ignore that because what mostly gamblers aim is to enjoy and try to win their games.

That's a different story now since that person badly needs to cash out.

Price volatility has nothing to do with that as we are the one who needs to adjust.

For me, bitcoin being crashed or not won't impact those gamblers since I think that's even an advantage to them as they will have more Bitcoin in return if they will purchase it by cash. Since they are playing with Bitcoin currency on the gambling site, it means more bankroll to them that they can use in the long run.

When it comes to cashing out, if it was really necessary to do, whether the trend is uptrend or downtrend, these guys will convert their Bitcoin to whatever price.

Each gambler have different personal view towards it and no right or even wrong answer with this but actually if you are a whale you will surely feel the pain of bear market condition because the value of your balances decrease a lot and for sure gambling whales feel the bear market to. But also many think that this is paper loss only and they will not lose any dime if they not sell their stash.

Whales always spend in terms of bitcoin than in terms of USD. Whether the market is bullish or bearish doesn't count, if he spends 0.1BTC in gambling when the price is $40k same will be spend when the price is $20k. So, here if we calculate in terms of USD what he risked and what he earned/lost might vary. Most of the whale gamblers were hodlers, so this profits them long term.