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If bitcoin goes down to 5k will stake close ?


iamback1992

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Posted

no way that btc will go to that 5k low,, however just for seek of this post :) if that happen stake will remain stake nothing change with them or they will take advantage with it for better.

Posted

Crypto going down is actually best that can happen to a casino. 

Example: 
NOW  - you want to deposit $200 and you send about 0.0056 btc to Stake
WHEN/IF BTC GOES below $5k  - for $200 deposit you will send about 0.04 btc

So they get more crypto, and just wait for it to go up again. 

And ofc they are no fools. I assume they keep their stash in both crypto and fiat in approx same amounts (and crypto spread among multiple currencies, not only btc). But in general, they would profit from this kind of situation if they are smart, and they most likely are, otherwise they wouldn't be one of the top crypto casinos out there. 

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Posted

Stake was already open when BTC was lower than usd 5k.

In fact, after the boom at the end of 2017 when BTC reached a record of usd 20k, the price lowered drastically and at some point in 2018 it was maybe at usd 3500, I dont remember exactly. After that , it slowly climbed to the new record of about usd 65k, now it is much lower again.

But Stake was here and it is still here.

 

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