williamshennie9 Posted November 19, 2018 #1 Posted November 19, 2018 Hey everyone Now this post is half related to Stake, half related to the crypto market. I am curious to know, will the massive drop in value (affecting the entire crypto market) cause you to deposit more into your Stake account, or possibly place more risky bets? Bitcoin has dropped by almost $1500 per coin, meaning that it is significantly cheaper to buy bitcoins, but, does this translate into more risk that you take on when you gamble? For me personally, I won't be placing more risky bets, since I rarely use local currency to purchase bitcoins. I mostly just transfer bitcoins across my wallets, so I do not think that the price reduction will affect my gameplay. But I am very curious to know how all of this will affect your Stake expereince. Let me know
Kate Posted November 19, 2018 #2 Posted November 19, 2018 To be honest i don't care much of the value of btc when i deposit the main thing is the 0.002 value like maybe 200,000 Satoshi's or maybe sometimes less or maybe even more less or maybe more. Gamblers here who use the USD conversion for Gambling will certainly will be depositing a huge amount of BTC into their wallet because they think that much is 20 USD ( example ).
blueprints Posted November 19, 2018 #3 Posted November 19, 2018 I bet the exact same regardless of price so when it rises i bet less because of the value, and if it were to drop oh id bet so much more often because i would be able to buy more.
jualid Posted November 19, 2018 #4 Posted November 19, 2018 Still same for me, so i don't need to spend more money on bitcoin.
EddieFx Posted November 19, 2018 #5 Posted November 19, 2018 It won't make me deposit more but I will get more btc from my deposits so basically I willl get more btc from the same amount in fiat!
badger Posted November 19, 2018 #6 Posted November 19, 2018 When Btc went from 29 cents per mbtc, when I first learned of Btc, to very quickly being 2 dolllars, then 5 dollars, 10 and 20 dollars, even at the very beginning, i have hated the price per mbtc going up. And I know my emotion is misplaced, as the price per going up is good for everyone. And if I had a stash of coin somewhere, I would be thrilled. But when you have to buy a few mbtc at a time, it fkn sucks. Tipping .1 was giving $40. Depoing .2 was $80, what a great starting amount. Even if Btc dropped to $1000, I dont think my current depo habits would change much, amount or frequency. Its not cheap, even when it drops.
Etude Posted November 19, 2018 #7 Posted November 19, 2018 I do not think the drop in price will affect much at all for me in terms of willingness to bet/deposit. Been in this cryptogambling too long a time to be affected much.
davinmark Posted November 20, 2018 #8 Posted November 20, 2018 even i am sad when the price all down. i wont desperate by playing with risky bet keep playing safe and wait till the price moon again
bmg Posted November 20, 2018 #9 Posted November 20, 2018 I think that it will make people depo more with the price of btc dropping the way it has . I mean why not if your getting more for your buck because we all know its going to rise again so if you depo and your smart you will hold on to a little until the price goes back up.
hillowner45 Posted November 20, 2018 #10 Posted November 20, 2018 I'm gonna wait out the blood bath and hopefully catch the bottom and invest a big chunk into btc. But man its gonna be difficult to not want to deposit and gamble. The price drop will want me to deposit more, but my brain tells me that its not a wise idea and that hodling is the way to go.
blueprints Posted November 20, 2018 #11 Posted November 20, 2018 1 minute ago, hillowner45 said: I'm gonna wait out the blood bath and hopefully catch the bottom and invest a big chunk into btc. But man its gonna be difficult to not want to deposit and gamble. The price drop will want me to deposit more, but my brain tells me that its not a wise idea and that hodling is the way to go. This is also my one of my fears. I dont think i will ever be able to invest with crypto because of my gambling. But atleast we will have more playtime
hillowner45 Posted November 20, 2018 #12 Posted November 20, 2018 2 minutes ago, blueprints said: This is also my one of my fears. I dont think i will ever be able to invest with crypto because of my gambling. But atleast we will have more playtime haha looks like we got gifted the gambling gene. You got any strats to restore a healthy relationship with gambling?
DancerCat Posted November 20, 2018 #13 Posted November 20, 2018 Of course. Lower price and you deposit more. But bet same as before. Only I'll win more :)
samsul123 Posted November 20, 2018 #14 Posted November 20, 2018 yes. I make a deposit following the rupiah exchange rate. and if the crypto price decreases, I will get more than my previous deposit.
Mhela10 Posted November 21, 2018 #15 Posted November 21, 2018 sure i will coz when price go up u will earn more....
jualid Posted November 21, 2018 #16 Posted November 21, 2018 2 hours ago, Mhela10 said: sure i will coz when price go up u will earn more.... So it's like buying and holding the coins . Who knows maybe the price can increase on the next few weeks and the value of your coins increase
Saripa Mursid Posted November 21, 2018 #17 Posted November 21, 2018 Yeah i will deposit and hold my coins because maybe the big value is back or more i hope this year or next year.
Moderator Flan Posted November 21, 2018 Moderator #18 Posted November 21, 2018 I would deposit more if the bitcoin still dropping, because the value was down. My gambling greed seeking some profit, so that is why I deposit.
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