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?
That's a wise strategy! Using stablecoins for gambling can help separate your investment portfolio from your gaming activities, minimizing potential regrets during market upswings.
It's relatable to have allocated Bitcoin for entertainment and then watched its value skyrocket. The 'what ifs' can be painful!
Do you think using stablecoins for gambling also helps with emotional detachment and responsible bankroll management?
You can use another currency in games as most games and slot providers let you choose from many currencies and you have full control over your Bitcoin and cryptocurrencies activity. I mean it is easy as most people do gamble when Bitcoin price is high like it is nowadays and right now that got back to 100.000 dollars most people can just throw 0.001 Bitcoin rather than depositing 100 dollars from their FIAT money and that is also very helpful in trying to gamble and not overdo it. I never use stablecoins or rarely do so comparing to cryptocurrencies which as I said can make you benefit from longer game play as when they are high in price they give you more dollars for the same amount of cryptocurrency, something preferred and loved by many gamblers.