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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?

Actually if you are a gambler the value of crypto to you is like doesn't affect much you very because in gambling you can win more like 2x or 3x, And imagine you win that and weeks later the value pumps there's nothing wholesome with that right ?

You are right indeed, gambler are focus more on their gains and not in the value of the bitcoin. And also just to add there are game streamers right now who play gambling the most famous one is XQZ.

A gambler will not think about market conditions, especially if the market is experiencing a deep downturn.
They will continue to gamble and spend more money just to satisfy their desire to gamble.
But we must not follow their way because it will only make us lose.
Maybe we should pause for a moment if the market goes down because that means if we keep using bitcoin to gamble, we should use more satoshi and I don't think that's a good decision.

yes, I think the most likely outcome is that gamblers will ignore market conditions
but you are right, for those who care about crypto as an investment that is not the wisest decision.

each decision has its tradeoffs.

Trading and gambling are two different things and I think traders are more affected by dumps because they focus on the value of crypto while gamblers just bet and enjoy playing regardless of the market situation. As for me, the market condition and the value of crypto don't affect gamblers that focus more on playing and gambling unless they're reinvesting and trading their earned profits later on.

The trader is more affected by the bitcoin price fluctuations as they have running trades and they make money on this bitcoin pump and dump. Future trading is one example where people either lose money or gain money if they are correctly able to predict the bitcoin's next movement.
Gamblers do not care much about the bitcoin dump as their winning and losing do not depend upon the bitcoin price movement. However, their portfolio and savings will decrease in a dump if calculated in dollar value.