When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.
This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.
Or is it the other way around? Since players have less money available, do they bet less, and casinos also make less profit?
I'd like to hear your opinion: when Bitcoin's price drops, who comes out on top: the casinos or the players who manage to control themselves?
I think it depends a lot of each user, and I dont know if there is a significant impact on the rise or fall of the Bitcoin.
For example, there will always be those gamblers who try to recover market losses through betting, and this will increase casino volume rather than to decrease it. But there are also other side that you mentioned, and I think its true: With Bitcoin devalued or fear of what could happen to Bitcoin some peoples will be more cautious and spend low their crypto with more prudently, avoiding gambling.
So, I don't know... but I am the opinion that this really isn't a factor that influences the revenue of betting sites. What I do know is that in the long run, casinos always make a profit, regardless of the price of Bitcoin... so if they survive and our fun never ends.