Post
Topic
Board Gambling discussion
Re: Does bitcoin dump have any impact on gamblers ?
by
swogerino
on 13/07/2022, 13:10:37 UTC
Maybe for those who have been playing crypto gambling for a long time it has no effect on them, and I’m sure they won’t be bothered either because they know that kind of move in this industry. And then if anyone will be affected by this sudden fall in the price of bitcoin, it is none other than those who are new to this industry and do not yet have enough knowledge of cryptocurrency. What they can do right away is to release their gambling winnings immediately because they will think that Bitcoin will continue to collapse, which is not really going to happen.
I think if they were new they wouldn't pay much attention to the ups and downs of the price, because basically they would focus on the stakes and not on the price on bitcoin. But indeed, the decline in the price of bitcoin will not affect the overall bet because every gambler and player certainly has its own way and calculation for them to hold, withdraw and deposit. So far the price of bitcoin has experienced a lot of decline but in fact there are not many gamblers who complain about it and also, not many of the developers are bankrupt, because more of them survive and continue to grow over time.

That is because many but many of the reputable and trustworthy casinos don't let you play in Bitcoin currency by default,or better to say that slot providers like Play n Go and a couple of others always exchange your balance to dollars and thus you don't pay that much attention.Also when we play sport betting every major casino and sport book let us directly play with Bitcoin as currency and this is also the case where new players would not notice anything.

In fact if they are really paying attention to anything they would see that when playing slots for the same amount of Bitcoin when we are in a bear market like right now it is not a wise idea to play as you are spending Bitcoin for a much lower value in dollars as when we are in a bull market.