I think most of us understands that betting with Bitcoin, there's a huge gap of it between the rest of the altcoins. It seems that the majority bet with USD, stable coins and some other altcoins but we'll not use Bitcoin for betting especially the ones that are from our long term holding. The higher the price of Bitcoin, the wanting we want to hold of it longer. But the time will come that it will be easier for us to gamble with Bitcoin when the price becomes higher and we can play with some satoshis on it as long as the amount is tolerable and won't jeopardize the risk of losing our BTC holdings.
My feelings towards gambling with bitcoin are not much different. Considering it a long-term holding makes it very difficult to risk such a valuable asset. Most people seem to prefer stablecoins for gambling and I think that’s the case because Bitcoin feels too precious to be aday-to-day currency much less a casual spender’s currency. With every increase in its price, the urge to hold onto it and treat it as a store of value only gets stronger.
I personally consider gambling with Bitcoin something that is done for fun and not profit. There should be definite boundaries such as using only amounts that will not affect long-term investment goals if lost. Personally, I still recommend holding Bitcoin instead of risking it.
Yeah, we treat Bitcoin as precious and that's why we don't want to spend that much if we've got some alternative coins to be spent. But if we have no option, we won't be gambling all that we've got but we'll still make sure that we have remaining in our stash that's good for long term holding. And those that have a lot to spare with, they have no issues spending their Bitcoins with bets that they prefer and as long as they are going to enjoy it, it won't be a big problem to them because they know what exactly they're doing with it.