Post
Topic
Board Gambling discussion
Re: The Pros and Cons of Bitcoin Gambling
by
mirakal
on 01/07/2022, 19:04:29 UTC
As a gambler, we will surely want to choose a coin that is much cheaper and its volatility wouldn't surely hurt us that much if it will suddenly inclines or declines, and surely wouldn't mind thinking if they could influence such coin movement. I believe that on average gamblers are not using bitcoins upon betting in their favorite sports book or casino game.
This is why people preferred doge before all of this Elon stuff happened. We loved Doge for the fact that it was cheap, fast, and usually not volatile. It was accepted in most casinos, and it was like a joke money where you throw in 5k of it, 10k of it whatever, if you are rich enough then millions.

This is why it was such a good thing and now because of Elon Musk it became something that is a bit more volatile and because of that it became a bit more problematic. Of course there are still some coins which are low in price and you could send them with little cost, but they became not so great because of all the volatility in the market these days hence why not used.
Dogecoin is classified as sh*tcoin because it almost has no utility but gambler/investor still loves to spend it, especially when it comes to gambling activities as their prices don't move that much. I agree that Elon Musk has changed dogecoin but there are so many people who have been successful enough to duplicate Elon's actions before dogecoin dipped again. But that's fine, as a gambler, we always find ways what specific coin is good for gambling purposes.
Some do mind off on a coin which does have lesser volatility and some do find on something that does have potential to increase its price on wide range which in short this do really talks about
preference and not all would really be that having the likes on dealing with meme coins and been directly been using Bitcoin as their main coin to deal off with gambling.Some do mind about
accumulating bitcoin as much as they could and some doesnt really mind or simply deals on it since its been the most or the common currency or coin which majority of
casinos that do accept which you could find it almost everywhere.

Exactly because that certainly depends on the gambler itself if he or she will and wants use bitcoin to deal with the casino, but I believe that the minority of these gamblers are using other coins (coins that are cheap and has lesser volatility) in dealing with the casino, just like me. Some also sees bitcoin as a coin for hodling or trading purposes and some just used it without minding at all.