Post
Topic
Board Gambling discussion
Re: I just realized that Bitcoin isn’t the best choice for gambling…
by
Fivestar4everMVP
on 14/12/2024, 13:30:20 UTC
but lately, I have been betting more often with Bitcoin, I get an allocation of payments from the campaign signature in the form of Bitcoin that I allocate for gambling. I have used stable coin savings to enter several altcoins.

It's interesting that you risk Bitcoin in gambling, not your savings in stablecoins. I think stable coins are not so bad to lose, but Bitcoin has much more potential, and it would be a pity not to realize it. Unfortunately, I have to spend my payments from signature campaign, which come in satoshi, but if I had the opportunity to collect and save them, I would not use them for gambling, since I would be more afraid of losing them than I would dream of winning.
You are right, and I do agree with you, it is always better to hold bitcoin and gamble with either Altcoin or stable coin, but the best (for me) for gambling is stable coin, like I have explained before in an earlier comment on this thread, stable coins are more stable in their price, so let assume one gambles with $100 in stable coin and loose it, the chances are very high that even in the next 10 years coming, that $100 loss will still be valued at $100.

But let's assume you Gamble with $100 worth of bitcoin today, and lost it, then like we have seen, the chances are very high that in the coming 5 years, that $100 worth of bitcoin that was lost will be now valued at $1000 dollars, because the price of 1 bitcoin has risen so much.

So, for me, stable coins remains my only currency for gambling on cryptocurrency casinos, and when it come to local casinos where I get another option for payment, I will gamble using my local currency.