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?
It seems to me that a gambler has nothing to do with his bitcoin market rise. If he is betting by converting to dollars then I think his assets are sometimes dumping the market There will be no effect. But this is completely opposite when you consider the case of an investor and trader. Their investment depends entirely on market conditions.