Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?
Gamblers will never be triggered by the bitcoin price dump, because whatever the condition of the market, they will never stop betting and find means to be profitable especially if they have that gambling addiction. Investors and traders may always be considerate on the prices of the cryptos, but when it comes to gamblers, their goal is to make profits, and as long as they have tons of capital to gamble, gamblers will always continue betting into gambling games and matches.
Gamblers will always be gamblers, so they don't see the market as main factor to change their habits.
But for some small time gamblers, it may affect them because they need to consider the amount of their bets.
In general, we have seen that despite of the pandemic and other crises, the gambling industry is one
of the industries that sustain their presence and survive. Gaining more patrons.