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.