If you are only now getting into crypto then market corrections could appear grim-ish but don't worry this is the normal counterpart of digital currencies. Even if you aren't familiar with crypto then you must have heard the saying what goes up, must come down? The same story follows the Bitcoin price. Did you know that there are some positives to a price drop and BTC gamers have known it for years! We are about to let you all know why Bitcoin gamblers find price drops suitable for their lifestyle without falling into depression.
Bitcoin Casino BTC Progressive Jackpot Slot Machines Pay More Coin!
Nowadays, there are a lot of different casino establishments supporting BTC as their depositing and withdrawal option. At the same time, their slot machines have current progressive jackpots calculated to their FIAT value. Effectively when BTC price drops, the jackpot amount will be paid out with more coin! With stars aligning exactly right, players who hit a BTC progressive jackpot at their favorite Bitcoin casino during the correction day could see upwards of 30% if not bigger gains over the following few days! You are starting to realize why Bitcoin gamers are almost looking forward to the price correction times, don't you?
Bitcoin Poker Rakeback & Tournaments Payouts Appreciation
Online poker is easily the most popular part of the blockchain gaming sector but what could be the reason for BTC poker players enjoying market corrections the most? If you didn't know then there are a few Bitcoin poker rooms that operate by keeping all of the funds in BTC. Poker players on those sites are receiving their daily BTC poker cash rakeback every 24 hours! You see where we are headed with this right? Let's say that you put in a massive volume of 10,000 hands at nl100 during the Bitcoin market correction day. Your rakeback, however, will be paid out the following day! Your 30% rakeback could easily turn into effectively 45% BTC poker rakeback with the price going up the next day! Same goes for Bitcoin poker tournaments winnings during the low market value days! Imagine shipping a $1 Million GTD poker tournament for $200,000 and receiving this payout converted to BTC at $7,000 per one, 28.57 BTC coming right up! Waking up the following day and seeing BTC trading at around $8,200 for one would mean $34g's heavier bag. Speculative line but it has happened on numerous occasions in the Bitcoin history already!
Bitcoin Gaming Approached Responsibly
Haven't all of us heard at least once a sad story how our friend had busted all of his rolls because of jumping into way high limit waters? Because of this, we cannot stress the importance of solid bankroll management. It is best to keep around 100 wagers or bets for the limits that you prefer with the key to surviving being dropping your average bet to even lower amounts during the negative variance streaks. You should never play wit any BTC that you cannot afford to lose, keep in mind to always have fun and practice BTC gaming responsibly.