Post
Topic
Board Gambling discussion
Re: I just realized that Bitcoin isn’t the best choice for gambling…
by
mirakal
on 12/12/2024, 11:26:13 UTC
If you’re gambling regularly while also investing, it’s probably smarter to use stablecoins for gambling. That way, when the bull run hits, you won’t be regretting all the Bitcoin you lost. I’ve personally lost a decent amount of Bitcoin, so yeah, it hurts a bit. Even if you set aside Bitcoin specifically for investment and gambling, it’s still Bitcoin, and its value could hit $100k soon.

Can you guys relate?

It doesn't really matter what form of payment you use when buying something.

What really matters is in what form of money you save.

So, if you save in fiat, that will be devalued over time, but if you save in Bitcoin it will be worth more in the future.

It doesn't matter if you pay in fiat, stablecoin, or Bitcoin, as the price at the time of the transaction will be the same for every form of currency you have.
As we can see, bitcoin’s fees are significantly higher compared to other currencies, which is why the OP pointed out that it feels like a wrong move. If you think about it, saving even a small difference in sats by using other currencies can add up over time, especially during a bull market. It makes a big difference, especially if you value your money. But if you are a wealthy person, then sure, it doesn’t matter.

The main reason most gamblers prefer using stablecoins is #1: transaction fees. They choose what saves them the most money instead of spending unnecessarily.