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 point is, if you are a high roller, you will have a tendency to gamble more to cover your losses during a downturn. But if you chase losses, you will realize that your wallet is going to be in a bad situation. On the other hand, if you can control your discretionary spending during a downturn, then of course the casinos will lose their revenue, that's normal. If you talk about Bitcoin casinos, it's even weird beast, there are many gamblers who gamble more during a downturn just to hodl more by using wins or recover losses. But I have seen many who do not want to use crypto casinos much during this time because of volatility.
So who wins? I would say the casinos are the real beneficiaries in this case. Because volatility increases the tendency to play erratic betting and casual players fall behind, only hardcore players survive and keep the house. But if you plays intelligently, keeps yourself in control, and remains reasonable, you will only be able to survive.