Post
Topic
Board Gambling discussion
Re: The Pros and Cons of Bitcoin Gambling
by
_act_
on 30/06/2022, 12:56:40 UTC
I don't mind if the bitcoin dumps as long as i am holding my winnings in bitcoin.
The main problem in gambling is that you have a lot of risk of losing your money. I have seen people invest their savings and hard earned money in bitcoins and later they lost all the money in gambling.
So its not mainly about your portfolio value in terms of dollars but also the risk involved in gambling is a big con for bitcoin gambling.
You may not that care having your money in bitcoinbut come to think of it, like some weeks ago when bitcoin was at $40000, bitcoin dropped back to $19000 today, anyone having like $250 bitcoin on a betting online platoform will have less than $250 now. We all have different opinions about this but it is very annoying for people to lose money, in reality, it is not easy at all. I have prefer to use USDT on any gambling site I use, I will only buy bitcoin back in 2023 when I know the crypto market can not go down much further.