Quote from: wxa7115 on August 04, 2022, 09:03:44 PM

Quote from: Joca97 on July 29, 2022, 09:54:24 PM

Quote from: virasog on June 13, 2022, 03:15:50 PM

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?

Honestly everyone is effected with this dump. Gamblers when they lose money in savings go to gambling to try and get that money back and can end up losing it so this dump can have a really bad effect on all gamblers . I think its a difference between fiat and crypto gambling

For a gambler which just enjoys the games and obtains some entertainment out of them then there is not much of a problem with the price going down after they made their deposit and they may just adjust their bet size down to compensate.

However a gambler with some self-control issues may find themselves thinking about recovering the money they have lost and may think of using gambling for their purposes, but as we know that is not really a good idea as gambling with the desire to obtain profits has the tendency to produce the opposite results.

the same way as revenge trading, revenge gambling is probably also a thing
neurotransmitters triggering in a way that when you lose you get hooked by the possibility of winning afterwards
always a good idea to watch our thoughts and habits.