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Online Casinos in general: Hedge against price fluctuations in euros at cryptocasinos?

Topic created on 31st May. 2023 | Page: 1 of 1 | Answers: 10 | Views: 1,110
Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 06:25 pm CEST#1
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Example: I pay into a cryptocasino 100 crypto units, which is equivalent to 100 euros at the time.

1 crypto unit - 1 euro.

That crap is highly speculative, after all. So, now I have doubled my Deposit with good luck, but the crypto crap has "plotzlich" become 10 times cheaper.
So if I were to cash out now, I would only get 20 euros out despite the win, because the cryptomist has crashed.

Is there any way to hedge that in casino? I deposit 100 euros in cryptomist and then when I cash out I want to get as much cryptomist as if I had played in euros?

In my example it would be 2000 units of cryptomist, which would be 200 Eurons. (I could double my deposit).

Bite not come with "Stable". They are not so "stable" in doubt either. Tether is still holding on, but will end up just like the rest of "stable".
Besides, the transfer fees are too high for me.

Thank you very much.

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moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 06:50 pm CEST#2
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Liked this post: Avatar von gamble1 gamble1
In principle, this does not exist.
There were or still are a few casinos where the cryptos are sold to the casino and you play purely with euros.
The safest is tether, because it is linked to the dollar. The argument that the fees would be too high is also nonsense in that sense, since if there were such a hedge, it would then inevitably be linked to fees. It would have to be financed somehow. From that point of view, it's a case of hopping and jumping.

I play now good one and a half years exclusively with Cryptos. In the whole time I had only 2 or 3 times that the course went down so during the payout that I was a bit annoyed. Highest was just under 20%.
On the other hand, I've had countless times that the price has risen during the payout, not extremely much but for the coverage of all the transaction fees has been enough and sometimes even for a pack of cigarettes 😅

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Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 06:55 pm CEST#3
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To Milo

Thanks. Which do you recommend from 200% bonus?

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moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 08:28 pm CEST#4
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Tischlein wrote on 31.05.2023 at 18:55: To Milo

Thanks. Which one do you recommend from 200% bonus?

There I can't recommend you one, because I never use bonus.... Play only Raw Cash

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moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

1st Jun. 2023, at 05:30 am CEST#5
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Tischlein wrote on 31.05.2023 at 18:55: To Milo

Thanks. Which one do you recommend from 200% bonus?

But in principle you can recommend all crypto booths. So far no negative experiences, just the opposite. All top.

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Mrdripdoc
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

1st Jun. 2023, at 05:30 pm CEST#6
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So I think Spassino gives 30% on every crypto Deposit? And something with 100-200 I think on first deposit but games also without bonuses.

Otherwise, I always stick to my meme coin Dogecoin with deposits and withdrawals 😂 have simply made relatively good plus at that time and have hardly experienced in the payout time price fluctuations since he crashed in

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Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

1st Jun. 2023, at 11:26 pm CEST#7
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Milo1 wrote on 05/31/2023 at 8:28 PM:
Since I can't recommend you one as I never use bonus.... Only play Raw Cash

That's the difference between you and me: i only play with bonus!

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moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 05:51 am CEST#8
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Tischlein wrote on 01.06.2023 at 23:26:

That's the difference between you and me: I only play with bonus!

To each his own. I have no desire to play with restrictions. With the bonus you (actually) always have a max cashout and restriction on the bet amount. And since I not infrequently also play far over 5€ bet, Bonuses are absolutely out of the question for me.

Recently only with me in the circle of acquaintances one played up to almost 18k with nem bonus just before Wager end, with nem Max Cashout of 5k. I would freak out with something like that.
Here in the forum also just recently read from a similar case.
Then rather Raw Cash and off the post

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Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 06:06 am CEST#9
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Milo1 wrote on 02.06.2023 at 05:51:
and since I not infrequently also play well over 5€ stake,

That is then understandable. In such areas I am not to be found.

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genrix
Top Member

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 09:56 am CEST#10
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Milo1 wrote on 31.05.2023 at 18:50: There is not so in principle.
There were or still are a few casinos where the cryptos are sold to the casino and you play purely with euros.
The safest is tether, because it is linked to the dollar. The argument that the fees would be too high is also nonsense in that sense, since if there were such a hedge, it would then inevitably be linked to fees. It would have to be financed somehow. From that point of view, it's a case of hopping and jumping.

I play now good one and a half years exclusively with Cryptos. In the whole time I had only 2 or 3 times that the course went down so during the payout that I was a bit annoyed. Highest was just under 20%.
On the other hand, I've had countless times that the price has risen during the payout, not extremely much but for the coverage of all the transaction fees's was enough and sometimes for a pack of cigarettes 😅

Bitcoin is reasonably stable, what's wrong with depositing with it?

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moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 10:51 am CEST#11
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genrix wrote on 02.06.2023 at 09:56:

Bitcoin is reasonably stable after all, anything wrong with depositing with that?

Yes, the fees 😅 with Bitcoin they are just too high.

With LTC and XRP you are significantly better off.

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