Privacy settings

We use a number of cookies on our website. Some are essential, while others help us improve our portal for you.

Privacy settings

Here is an overview of all the cookies we use. You can choose to accept whole categories or view more information and select only certain cookies.

Essential (6)

Essential cookies enable basic functions and are necessary for the website to function properly.

Statistics (3)

Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
If the statistics cookies are subsequently deselected, they will remain on the computer until the expiry date. However, they are neither updated nor evaluated.

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: 1,258
Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 06:25 pm CEST#1
0 Likes

Nobody has liked this post so far
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.

This post has been translated automatically

moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 06:50 pm CEST#2
1 Like

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 😅

This post has been translated automatically

Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 06:55 pm CEST#3
0 Likes

Nobody has liked this post so far
To Milo

Thanks. Which do you recommend from 200% bonus?

This post has been translated automatically

moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

31st May. 2023, at 08:28 pm CEST#4
0 Likes

Nobody has liked this post so far
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

This post has been translated automatically

moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

1st Jun. 2023, at 05:30 am CEST#5
0 Likes

Nobody has liked this post so far

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.

This post has been translated automatically

Mrdripdoc
Amateur

Hedge against price fluctuations in euros at cryptocasinos?

1st Jun. 2023, at 05:30 pm CEST#6
0 Likes

Nobody has liked this post so far
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

This post has been translated automatically

Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

1st Jun. 2023, at 11:26 pm CEST#7
0 Likes

Nobody has liked this post so far

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!

This post has been translated automatically

moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 05:51 am CEST#8
0 Likes

Nobody has liked this post so far

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

This post has been translated automatically

Tischlein
Rookie

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 06:06 am CEST#9
0 Likes

Nobody has liked this post so far

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.

This post has been translated automatically

genrix
Top Member

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 09:56 am CEST#10
0 Likes

Nobody has liked this post so far

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?

This post has been translated automatically

moralischverwerflich
Expert

Hedge against price fluctuations in euros at cryptocasinos?

2nd Jun. 2023, at 10:51 am CEST#11
0 Likes

Nobody has liked this post so far

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.

This post has been translated automatically

Hot Topics12th May. 2025 at 12:17 am CEST

Miscellaneous
0
Jackpots
0
Online Casinos
0

GambleJoe Team

Profile picture of JulianJulian
Community-Manager / Complaint SpecialistProfile picture of CounterCounter
Software developerProfile picture of MatthiasMatthias
Project manager
Profile picture of DanielDaniel
Founder

Community Forum-Moderators

Members who assist the GJ team in moderating the forum.
Profile picture of AndreAndre
Profile picture of gamble1gamble1
Profile picture of Langhans_innenLanghans_innen
Profile picture of SaphiraSaphira
GambleJoe is aimed exclusively at user whose allowed to play legally with his current location in online casinos and does not violate the current law.
It is the responsibility of the user to inform himself about the current legal situation. Gambling is prohibited for children and adolescents under the age of 18.
GambleJoe is a registered trademark with the EUIPO of GJ International Ltd.
© 2012-2025 GambleJoe.com
✕

Forgotten your password?

Create a new password here

  • 1. Fill in the 3 fields carefully and click on the green button
  • 2. Check your email inbox for a message from GambleJoe
  • 3. Click on the confirmation link in the email and your new password will be active immediately