Do you think bitcoins are too high in price to gamble?

Given the incredible increase of bitcoins cost and the market ( sellers) raising the cost 30 percent on average and above in most cases unless you buy in bulk do you see this as a double gamble?

I think it is becoming more difficult.   I would love it if the sites would  use  a smaller denominatio/subdivision of Bitcoin. 

Yes, increase of Bitcoin price made it less usefull for gambling. Now transaction fees is very high (or you have to wait up to a few days).

It has become inpossible for me to use bitcoin to play on poker sites. I use a netspend card for buying bitcoins and cash buys into poker sites. ACR for some reason does not take cash transactions from me altough all other sites do. Coinbase does not take netrspend... so i was forced to use cex.io.... i spent about $22 to buy a coinbase amount and then found out that I can't withdrawal anything under 0.01.. i currently have 0.0017878, so i need to buy another $100 in bitcoin to initiate a withdrawal...... plus the tranaction fees to withdrawal are excessive..... I wish ACR would figure out how to make debit card transactions.

An obvious sign that bitcoin becomes inconvenient for gambling is that popular bitcoin casinos began to remove bitcoin banking or add altcoins to their payment metods.

For example, recently TTR casino removed bitcoin payments, and Bitstarz added Litecoin and Bitcoin Cash to their cashier. 

I am so deterred from using my BTC for deposits.  About a month ago, i spent $25 and ended up getting $4.30 to play with. The difference were miner's fees. Was so drastic, the casino had to do a double check and see for themselves. 

I think that banks earn the most on bitcoins because the commission for transferring bitcoins is really high. In reality, it is now more profitable not to use bitcoins. 

It took me some time to find the best places to purchase crypto for gambling and then learning the betting was a whole other thing but now I've got it pretty figured out. That being said I play at a couple different crypto based casinos that the play currency is displayed and formatted on fiat but when you leave the game its back to the chosen crypto you're playing with which is nice especially if you are still learning uBTC type formats. Mercuryo.io is a decent exchange that has relatively low fees and they're pretty fast in most cases. 

I also noticed that everyone feels uncomfortable about the fee of cryptocurrency especially bitcoin. 

It means raising in bitcoin value then fee will also increase. 

Yes, I was paying some outrageous fees to play with Bitcoin, until I discovered Litecoin. At the casino I play at they accept this as payment, and it costs at most .40¢. The cash out time is under an hour, and they don't have all that verification before you can cash out.

I totally agree that bitcoin price is ridiculous when it comes to gas fees because you have to transfer three times more just to cover the fees at times 

Today Bitcoin isn't exactly "too expensive" for betting — but the real issue isn't just the price, but rather the volatility + fees + unit used. Let's break it down:

No I actually am of the opinion that bitcoin is not at a level of volatility that would preclude its use as a currency within the gaming world.  I am not going to argue that it isn't volatile though.

I think the main issue is more about how long you hold it. If you deposit → play → withdraw quickly, it’s fine. But if you leave funds sitting there, then yeah, you’re kinda exposed to price swings on top of the betting, just like geferson fernandes said. 
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I don’t think Bitcoin is “too high” to gamble, since you can always use small amounts. The real issue for me is the extra risk involved. When you gamble with BTC, you’re not only risking the bet itself, but also the price fluctuation.

Sometimes I remember gambling with Bitcoin and Ethereum back in 2017-2018.

Now I look at those old transactions and regret it, because if I hadn't spent those coins back then, they'd be worth a huge amount today 😅

If you're gonna gamble, it's probably better to use stablecoins so you don't end up regretting it later.

Smiles, your situation is same like a American who bought 2 pizzas worth 10,000 bitcoins. He now when see the pizza then at once in his mind flash a prize of pizza which was 5000 botcoin.

Haha, exactly! I guess that’s the danger of looking back at old Bitcoin transactions, suddenly every spin, bet, or pizza starts looking like the most expensive one in history! Probably better not to do the math and just call it a very expensive lesson in hindsight.

honestly, I would not really recommend that gambling be done in bitcoin due to the high conversion fees and also the fees charged by crypto wallet providers to transfer the crypto to the gaming platforms.. I would suggest a direct deposit in USD or euros or even using a skrill money bookers as a solution.

I think it's a great bet. Hit at 20-50K USD and sell most at 70-80K 

mate just use USDT instead. its pegged 1:1 to USD. 

Nirvana bro you are totally in right 👍 even mBTC is too much for gambling... Choose crypto with more realistic value... USDT, Solana, even and meme is better than BTC with 5 digits. 

I think it depends on whether it makes financial sense for you at the time, in my view is a solid investment but i don't see whats wrong with gambling with it if you can afford to and the aim is to make more bitcoin