Bitcoin and crypto are Same like casino slots - page 3.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

Quote from: cryptoboss2020 on March 31, 2021, 04:41:21 PM

Its similar to casino.
Its Same like You lose some% and win some%
Crypto and btc are invented probably the same guys who invented the casino slots Machines.
The Bitcoin slots Program bots dont read the news its just right timing.
But You can win with this slots If You play it right.
But only the mr Satoshi slots nakamoto knows the algorytmical Scheme how this is working.
But whales are Computer btc bots who buys some exacly ammount of coins with Exacly patterns.

And weather You lose or win its a Probability theory.
Its not a Question u Enter on right slot the Question are timing.

But government and Elite cant destroy this crypto and btc becouse all those who knows how to make money out of this Will lose Job and business.
So they keep running until new trend or else is Coming out but it seems to be tht not coming anything Different.

Bitcoin and Slots are in no way the same. If you continue playing Slots, you will lose all your money, because the house always win. (It is just how it works)

Bitcoin traders know how to manage risk and they know not to invest all their investment capital into commodities with high risk. (The average Joe, will take stupid risks and they will go all-in on Crypto currencies)

Bitcoin does not have a centralized "house" ..like casinos, you are in control of your own destiny and not dependent on the RTP (Return To Player) set by the 3rd party Slot providers.

Sanugarid

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★Bitvest.io★ Play Plinko or Invest!

Quote from: cryptoboss2020 on March 31, 2021, 04:41:21 PM

Its similar to casino.
Its Same like You lose some% and win some%
Crypto and btc are invented probably the same guys who invented the casino slots Machines.
The Bitcoin slots Program bots dont read the news its just right timing.
But You can win with this slots If You play it right.
But only the mr Satoshi slots nakamoto knows the algorytmical Scheme how this is working.
But whales are Computer btc bots who buys some exacly ammount of coins with Exacly patterns.

And weather You lose or win its a Probability theory.
Its not a Question u Enter on right slot the Question are timing.

But government and Elite cant destroy this crypto and btc becouse all those who knows how to make money out of this Will lose Job and business.
So they keep running until new trend or else is Coming out but it seems to be tht not coming anything Different.

I disagree. On casino slots, you were just simply relying on your own luck while on BTC/Crypto you can be profitable based on probability and trading strategies. If you don't know what you were doing and investing in BTC just because it's a trend, then you're definitely gambling. The first thing you must do is to do your own research and study the market before engaging yourself in BTC. As long as you know and understand what you were doing, you'll be fine.

crutu

jr. member

Activity: 50

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KUWA.ai

obviously very different between crypto and casino slot. crypto cannot be regulated or centralized by a group of people so that when we trade market prices can move due to trading activity by people who do it, while casino slots can function because they are controlled by the site owner and the system has been set up so that users can bet on it.

Tessnik

member

Activity: 336

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Bitcoin is a cryptocurrency, crypto is the general name for all digital currencies, and compering bitcoin to a casino is a misplaced prioritie. Bitcoin is different from casino. Bitcoin is a currency while casino is a game you can't use casino to pay for goods and services but you can use bitcoin as payment for goods and services.

Lorence.xD

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Leading Crypto Sports Betting & Casino Platform

Quote from: GreatArkansas on March 31, 2021, 08:18:39 PM

Bitcoin is like gambling or like casino slots if you are trading it or using it as an investment.
But if you explore Bitcoin and how it really created, it is intended to be a digital or virtual currency. A lot of people really misunderstood Bitcoin at first, since they don't really research first or read some "what is Bitcoin" google keywords.

If you are smart with trading and you know what you are doing, bitcoin trading is not the same as playing casino slots or gambling because in trading, if you are efficient in trading then you will always profit but if you are gambling, you are more likely to lose no matter how efficient you are because it is a game of chances. Yes they are both risky but bitcoin trading risk can be mitigated compared to bitcoin gambling.

maxreish

sr. member

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The difference between slots and that crypto is that we can do some bitcoin trading using some technical tools and not relying only on the luck because we have some basis like indicators, fundamental tools, TA, etc.

While the risks of crypto volatility seems like a gamble, it is way different from slots though.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Wexnident on March 31, 2021, 08:37:27 PM

Hey, an investment isn't simply luck-based, there are decision-makings made behind it that actually contain reasonings and the like. Investments are pretty much 50/50, though you can skew the chances of you winning by determining which of the 100% of the w/l ratio you should take, unlike in slots where you bloody don't have any idea how to go in. The chances are the same, 50/50, but slots are something like no matter what info gathering, studying, and whatnot you actually take, the place you'd take in that 100% is completely random, one that you can never influence.

Afaik some people said their early investments in Bitcoin was a "gamble", and I'd never deny it. Just that, gambling in an investment and gambling in a casino game have different factors that separate them pretty much from that "luck" factor.

I agree it seems that people no longer see the difference between gambling an investing, and I cannot really blame them because sometimes when I see people in the forum saying that they are going to invest in all kind of new coins that we know are scams and that they know that they are scams too but they are willing to bet that someone else is going to come along the way and pay a higher price than what they did then those people are gambling, but investing in bitcoin is not gambling, there is a big difference there even if people cannot see it.

Kemarit

legendary

Activity: 3080

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It's very different though, not everything is crypto is base on pure luck, as compare to casino slots. And you have higher chance of winning in crypto specially if you know how the market operates and then you have the tools to analysis.

There is not some random occurrence in Bitcoin, there are traders you trade (buy/sell). So Probability theory cannot be applied here.

Wexnident

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I don't request loans~

Hey, an investment isn't simply luck-based, there are decision-makings made behind it that actually contain reasonings and the like. Investments are pretty much 50/50, though you can skew the chances of you winning by determining which of the 100% of the w/l ratio you should take, unlike in slots where you bloody don't have any idea how to go in. The chances are the same, 50/50, but slots are something like no matter what info gathering, studying, and whatnot you actually take, the place you'd take in that 100% is completely random, one that you can never influence.

Afaik some people said their early investments in Bitcoin was a "gamble", and I'd never deny it. Just that, gambling in an investment and gambling in a casino game have different factors that separate them pretty much from that "luck" factor.

pixie85

hero member

Activity: 2184

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I don't feel like I lose anything on my investment.

I can tell you how I did it OP. Some time after buying it I got tired of trading and decided not to check the price anymore. I knew what the price was more or less from press articles but I did not check it every day. Sometimes once a week, sometimes once every 10 days.

After a few months my investment was worth more. Next year it was worth even more. Next year more than last year and so on. You feel like you're gambling because you're checking it daily and reacting to every pump and dump. Set charts to 1w and you'll see that it goes only one way.

GreatArkansas

legendary

Activity: 2506

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Bitcoin is like gambling or like casino slots if you are trading it or using it as an investment.
But if you explore Bitcoin and how it really created, it is intended to be a digital or virtual currency. A lot of people really misunderstood Bitcoin at first, since they don't really research first or read some "what is Bitcoin" google keywords.

seoincorporation

legendary

Activity: 3346

Merit: 3125

Trading feels like gambling right? But that doesn't mean bitcoin is a slot machine.

The slot games have a house edge, and I don't see that on bitcoin, the slots will always make the users win in the long term but with bitcoin satoshi isn't winning at all. He has some bitcoin under his power but he can't move those bitcoins because if he does it then he will become traceable. And this is why I wouldn't compare bitcoin with casino slots.

Pom_bensin

full member

Activity: 812

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this is not true between bitcoin and casino. I think right now for a coin with a different purpose from a casino., casinos are only fixated on one goal when played, while bitcoin can be better processed if it is processed by the right person and makes a profit, that's the difference between bitcoin and casino clearly

Welsh

staff

Activity: 3304

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Not really. an investment although a gamble isn't exactly gambling. Slot machines, although there might be techniques of timing it to get the payouts, still isn't anything like an investment, and comes down to a lot of luck. Bitcoin, if you believe in the currency, you could argue doesn't have much luck associated with it, because you believe in the technology. Of course, to be able to trade effectively in any market, and any investment for that matter you need to time it correctly, have a bit of luck, and read the signs. However, comparing it too a slot machine, is a bit far fetched for me. They operate completely different, and are influenced by different things.

Mahanton

hero member

Activity: 2730

Merit: 632

I wont really be contradicting on what you do have in mind when it comes to bitcoin and also bitcoin/crypto is just really the same.Trying to compare it on casino
slots isnt something that would be a ideal to compare because bitcoin isnt really created for the sole purpose of probabilities on making money because if we do
try to look on its white paper then its really created for the sole purpose of payment system and earning money is just a bonus and this is where speculations
do pop out everywhere.If you do have this kind of take then its up to you but for me its totally different.

cryptoboss2020

member

Activity: 322

Merit: 14

Its similar to casino.
Its Same like You lose some% and win some%
Crypto and btc are invented probably the same guys who invented the casino slots Machines.
The Bitcoin slots Program bots dont read the news its just right timing.
But You can win with this slots If You play it right.
But only the mr Satoshi slots nakamoto knows the algorytmical Scheme how this is working.
But whales are Computer btc bots who buys some exacly ammount of coins with Exacly patterns.

And weather You lose or win its a Probability theory.
Its not a Question u Enter on right slot the Question are timing.

But government and Elite cant destroy this crypto and btc becouse all those who knows how to make money out of this Will lose Job and business.
So they keep running until new trend or else is Coming out but it seems to be tht not coming anything Different.

Topic: Bitcoin and crypto are Same like casino slots - page 3. (Read 495 times)