{"id":274,"date":"2021-05-25T09:22:47","date_gmt":"2021-05-25T09:22:47","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=274"},"modified":"2023-03-29T11:03:26","modified_gmt":"2023-03-29T11:03:26","slug":"volatility-while-betting-with-crypto","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto","title":{"rendered":"Ways to Handle Volatility While Betting With Crypto"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Volatility_of_Cryptocurrencies\" title=\"Volatility of Cryptocurrencies\">Volatility of Cryptocurrencies<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Why_are_cryptocurrencies_so_Volatile\" title=\"Why are cryptocurrencies so Volatile?\">Why are cryptocurrencies so Volatile?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Relatively_New_compared_to_Fiat_Currency\" title=\"Relatively New\u00a0 compared to Fiat Currency\">Relatively New\u00a0 compared to Fiat Currency<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Negative_News_that_causes_Panic\" title=\"Negative News that causes Panic\">Negative News that causes Panic<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Following_the_Crowd_without_the_required_knowledge\" title=\"Following the Crowd without the required knowledge\">Following the Crowd without the required knowledge<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#How_to_Handle_the_Volatility\" title=\"How to Handle the Volatility?\">How to Handle the Volatility?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Know_When_to_Bet_With_Crypto_by_Taking_Note_of_Trends\" title=\"Know When to Bet With Crypto by Taking Note of Trends\">Know When to Bet With Crypto by Taking Note of Trends<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Gamble_With_More_Crypto\" title=\"Gamble With More Crypto\">Gamble With More Crypto<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Save_the_Rest\" title=\"Save the Rest\">Save the Rest<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Use_Stable_Coins\" title=\"Use Stable Coins\">Use Stable Coins<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/digitalcoinprice.com\/blog\/volatility-while-betting-with-crypto\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Ways to Handle Volatility While Betting With Crypto &#8211; The steady <\/span><span style=\"font-weight: 400;\">rise and inclusion of Blockchain technology<\/span><span style=\"font-weight: 400;\"> into various industries in the world cannot be ignored, and this development has already found its way into online betting. This is not surprising as betting with cryptocurrencies offers users two very important pillars of online sports betting- security and anonymity. Several online sportsbooks now permit cryptocurrency transactions, some of these include Stake.com, and Cloudbet, amongst many others we have provided for you. You can find more online sportsbooks that accept cryptocurrencies on <\/span><span style=\"font-weight: 400;\">CryptoBetting.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin was the pioneer cryptocurrency that paved the way for other forms of crypto now used. It is still highly valued today and even experiences surges regularly, the same way as others. These other coins include Bitcoin Cash, Ethereum, Litecoin, Monero, Dash, Ripple, and Dogecoin. However, the risk and issue associated with betting with these coins are that the same way they surge upwards is the same way they come crashing down sometimes, hence, it is possible that when you had placed a bet, the value was high but upon having won, the value of such coin could possibly have reduced. This is what is referred to as Volatility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, as an online sports bettor, the big question on your mind must be why volatility occurs and how can it be handled.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Volatility_of_Cryptocurrencies\"><\/span><b>Volatility of Cryptocurrencies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before registering on any Bitcoin sports betting site, make sure you know <\/span><span style=\"font-weight: 400;\">how to bet with cryptocurrencies<\/span><span style=\"font-weight: 400;\"> and all likely issues you will encounter. If you encounter any problems while betting, always make sure to contact customer support in order for a quick fix and to ensure you enjoy your overall betting experience. Upon registering with a Bitcoin betting site, always keep in mind that the issue of volatility can arise, the sportsbooks are not responsible for such issues, rather it is a problem associated with crypto in general.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is common knowledge that fiat currency is way more stable than cryptocurrency. This is because the value of cryptocurrency fluctuates heavily, and the effect of such fluctuation is that your entire profit which you must have earned, gets affected while using cryptocurrency to bet online.\u00a0 Even where you had scored a big win when betting online, the value of the cryptocurrency could be quite low that the entire amount is totally less than you may have anticipated. Though, volatility could help you also where there\u2019s a surge in the value as this will lead to you amassing more profits than you had expected.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though assets generally have their levels of volatility, crypto coins will easily take the top spot if there is a volatility contest between assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, imagine you bet 10mBTC when the value of 1mBTC is $50, if you end up winning 30mBTC, but the value of 1mBTC already dropped to $30, rather than have mBTC worth $150, the value of your win places you at $90, hence the volatility will have cost you $60.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_are_cryptocurrencies_so_Volatile\"><\/span><b>Why are cryptocurrencies so Volatile?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It is important to understand <\/span><span style=\"font-weight: 400;\">what makes cryptocurrencies so volatile<\/span><span style=\"font-weight: 400;\">, as understanding the causes of their instability is the first guide in helping you manage them. The reasons are contained below:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span class=\"ez-toc-section\" id=\"Relatively_New_compared_to_Fiat_Currency\"><\/span><span style=\"font-weight: 400;\">Relatively New\u00a0 compared to Fiat Currency<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Compared to fiat currencies which have been around and have been widely accepted, cryptocurrencies are still relatively new. Due to this, they have not been able to develop the solidity of assets such as bonds, and stocks. With time, the unpredictability should end, but at the moment, when you bet with cryptocurrencies, you must brace yourself for whatever shifts occur from the point of making your deposit to the point of your withdrawal.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span class=\"ez-toc-section\" id=\"Negative_News_that_causes_Panic\"><\/span><span style=\"font-weight: 400;\">Negative News that causes Panic<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Given the fact that not everyone knows how cryptocurrencies work, any negative news about them tends to generate a lot of panic.\u00a0 So, when there is news about how a certain coin struggles or certain institutions pressurize the market, many people tend to panic and sell their coins.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span class=\"ez-toc-section\" id=\"Following_the_Crowd_without_the_required_knowledge\"><\/span><span style=\"font-weight: 400;\">Following the Crowd without the required knowledge<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A lot of individuals who engage in cryptocurrency investment do this because they do not want to miss out on current happenings. This is good, however, when you do not follow up by acquiring the needed knowledge, this could result in simply following the crowd. Hence, where there\u2019s a mass sale or purchase of coins ongoing, they simply follow suit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All these factors are what cause unpredictability, whether a drop in value or an upsurge.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Handle_the_Volatility\"><\/span><b>How to Handle the Volatility?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Although you cannot determine when the value of cryptocurrencies will go up or down while betting with them, one way you can manage the volatility is by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Knowing when to bet with crypto by taking note of trends.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gambling more with crypto<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Saving the rest<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use stablecoins\u00a0<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Know_When_to_Bet_With_Crypto_by_Taking_Note_of_Trends\"><\/span><b>Know When to Bet With Crypto by Taking Note of Trends<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Always watch out for occurrences in the past during which crypto prices have previously crashed down or surged forward. For instance, whenever news about a financial institution or government preparing to ban the use of cryptocurrency arises, prices could dip and there is a lot of panic selling. So, as a sports bettor, when such news is being rumoured, it is best not to bet using crypto.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Gamble_With_More_Crypto\"><\/span><b>Gamble With More Crypto<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When you place more bets using Bitcoin or another coin, you are ensuring the currency circulates more across society. It is due to this that more online betting sites have accepted cryptocurrencies as among their payment methods. This will consequently help in maintaining the value of the coins and lower their volatility. With time, your fears over the instability will reduce and with more wins when you bet, you can get more Bitcoin added to your existing collection.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Save_the_Rest\"><\/span><b>Save the Rest<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Never gamble with all your coins, you must always save. This is because when you save up, upsurges are still bound to happen meaning you can recover what you may have lost in the past. If you bet with all, even if you win, the value of such crypto coins may be low at that point meaning you have lost some money. Hence make sure you gamble with only the amount you can part with.<\/span><\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Use_Stable_Coins\"><\/span><b>Use Stable Coins<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the crypto world, there are tokens called stablecoins. These coins are pegged with the US dollar, hence there are affected with little to no fluctuations. Examples are USDT and USDC which can be bought on any reputable exchange. If your sportsbook or casino offers the use of stablecoins, it might be a better alternative to bitcoin and other crypto-assets.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Now that you\u2019re aware of what causes the volatility of cryptocurrency. You should spend less time worrying about this and simply work with the proven strategies above while betting.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ways to Handle Volatility While Betting With Crypto &#8211; The steady rise and inclusion of Blockchain technology into various industries in the world cannot be ignored, and this development has already found its way into online betting. This is not surprising as betting with cryptocurrencies offers users two very important pillars of online sports betting- [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guide"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":7,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/274\/revisions"}],"predecessor-version":[{"id":2448,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/274\/revisions\/2448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/275"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}