Re: Do casinos make more money when the price of Bitcoin drops?
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?
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?
Does it even matters? Casinos don't depend on Bitcoin like some micro strategy business, and there is no proof that casinos even hold bitcoin after gamblers lost bitcoin to them. What if casinos are selling right away to avoid volatile too? I guess we will never know.
Gamblers also have no reason to panic or react to volatility, if you deposit 1 BTC it is still 1BTC, the price might fluctuate between 110k or 105k it doesn't matter, what your focus should be is winning, if you lost it then it's gone, even if it turn to a million dollar tomorrow morning all you lost is 1 BTC.
If you don't like the idea then start using USDT to gamble or go for doge coin which is a good one for gambling because it's meme and also cheaper than Bitcoin.