Post
Topic
Board Gambling discussion
Re: Does bitcoin dump have any impact on gamblers ?
by
Cookdata
on 10/08/2022, 22:42:44 UTC
Trading and Gambling is totally different things. when someone start gambling must of the gamblers use there fiat money for gamble on the real offline casino. But then they comes on online casino then they buy btc or others currency instant by fiat money and deposit there money on Casino platform. So i don’t think if btc price dump it can impact on gamblers
someone who is a heavy gambler will definitely not mind the price of bitcoin even if it drops because in his mind only how to multiply his money, it is very different from traders who think bitcoin only based on fiat value. so in my opinion, the falling bitcoin price has no impact on the decisions that a gambler will take.

Why wouldn't they mind considering that they are big investor, it is not as if they don't mind if bitcoin reduce the value of their USD when there is a dump but it is painful when there is a pump and you don't have your deposit in bitcoin, you will always have bitcoin with more value. This is why it is very important to purchase your bitcoin when the price is low and use them to bet when you need them and not when the price is already at an all-time high.