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 is difficult to confirm this without data, it can only be reasoned through assumptions or analysis, and I don't even think casinos have data regarding this. So, in my opinion, it is possible that Bitcoin holders or Bitcoin traders who experience losses will decide to gamble, potentially allowing casinos to make more money. Another possibility is that people will actually reduce their budgets or spending, especially on gambling, which means allowing casinos to make less profit than usual, and I believe this is due to players successfully controlling themselves as you mentioned. Well, this is just an assumption from me, I tried to find information about this, but couldn't find it.