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?
The gambling platform can give you a better answer from their analytics results. But as far as I understand, those who are addicted to gambling never follow the market conditions, they continue to gamble in any market condition. So casino sites never lose to addicted gamblers. But Bitcoin has a pattern and it follows halving so it is always volatile, this is the religion of Bitcoin. But gambling sites always run their own way, but rather increase traffic day by day through attractive advertisements.
Gambling websites especially casinos traffic does not come after or have a effect on Bitcoin price whoever that is used to gambling will Gamble even though the price of Bitcoin is reduce what is the area that I want us to understand perfectly but there is no collaboration between bitcoin price falling and the traffic of gambling both of them have a different segment of traffic so gambling itself is something that happened to be that even though the price of Bitcoin is falling people most to participate in gambling so it is the nature of gambling especially games but have competitors new games that people have mastered bitcoin price neither it is increasing or it is falling it does not really affect someone who is a gambler