Post
Topic
Board Gambling discussion
Re: Does bitcoin dump have any impact on gamblers ?
by
kamvreto
on 04/07/2022, 13:02:20 UTC
Dump but not collapse, we've seen many dumps in the past but it turns out it's just normal in the crypto space. Why people like to invest in crypto is because of its high volatility, and despite of the dump, these people will not panic anymore because they are optimistic that the market will recover, so that's the same mentality gamblers have.
agree, but in fact not everyone has a mentality that is fully convinced of the market...

when the price of btc drops, their focus is disturbed because of concerns about the price. and this is why gambling sites that have their own tokens have many users who really don't like market volatility (so as not to disturb their focus on gambling). I use a trick, to deposit I use the token provided by the gambling site but when I win, I will immediately make a withdrawal and then convert my winnings to bitcoin as my investment.



Good choice, So you can still invest in bitcoin from gambling profits. Gambling sites with their own tokens will indeed be more profitable and make it easier to do gambling, price fluctuations are also not as extreme as other tokens. But still has the risk of a dump when the market crashes even more. as long as the gambling system is still running, the price recovery will be faster.