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Topic: Bitcoin is life (Read 862 times)

hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
October 10, 2023, 08:20:18 AM
Of course, OP I agree with you. Bitcoin should not be compared to gambling. I should trade in bitcoin and invest in bitcoin long term this is less risk. and gambling is full of high risk, it doesn't take long for a man to be completely destitute in gambling, and it doesn't take long to become rich. As far as I know most people lose their money in gambling and end up completely destitute. So we should refrain from gambling and invest in Bitcoin for long term.

Mr. Op is barely interested in this topic. He just wanted to firm some merits because his other account got some merits by opening a similar topic and he thought why not create another account and create another thread so I can get some merits? This user is from our local community and can barely write English. If you criticize him, he will ignore you and won't reply.

I am glad he stopped posting in this thread stopped creating useless threads and returned to where he belongs (The Bounty Board). I don't know if this reply will bring him back here. But I don't want to poke him and wake him up to create more threads  Cheesy Cheesy
full member
Activity: 532
Merit: 229
October 10, 2023, 08:13:33 AM
Of course, OP I agree with you. Bitcoin should not be compared to gambling. I should trade in bitcoin and invest in bitcoin long term this is less risk. and gambling is full of high risk, it doesn't take long for a man to be completely destitute in gambling, and it doesn't take long to become rich. As far as I know most people lose their money in gambling and end up completely destitute. So we should refrain from gambling and invest in Bitcoin for long term.
hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
October 02, 2023, 09:41:41 PM
Is the information visible and understandable? Despite Bitcoin understanding, gains arent guaranteed. Its true that Bitcoin is more structured than gambling, but the market is still full with speculation.

Even though we understand the principle and how to invest, market movements may not always benefit us. Like gambling, Bitcoin investing involves luck. Having the correct knowledge and investment approach can boost our chances of making a profit, but we cannot overlook dangers. Folks should make informed decisions and be ready for every eventuality, profitable or not.
The speculative market is a force challenge investing in bitcoin and if bitcoin were not as volatile as it is today it might not be one of the best investments ever. What makes profits is not guaranteed is because people don't understand the concept of investment and they only invest based on people's invitations, so they don't have enough knowledge when the market is in a fairly declining condition. In fact, if they understand that bitcoin always has a repeating cycle, then all they need to do is be patient and wait for the market recovery until bitcoin has a moment of increasing selling value from buying value.

The simple logic is quite clear when people investing money in bitcoin can provide real profits in the investments they make. The condition is that they invest correctly and do not cause panic when Bitcoin experiences a severe correction in the market. That's why we often say that when someone wants to get involved in bitcoin the first step they need to do is to learn the right way.
legendary
Activity: 2422
Merit: 1083
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October 02, 2023, 11:37:22 AM
In as much as I really struggled to understand the op, let me say that only those who are yet to fully understand what bitcoin is, are the ones who mostly compare it to gambling.

And again, as long as this forum is concern, no body in their right senses will compare investing in bitcoin to gambling, for it is understood that any body who join this forum should already have some basic knowledge of what bitcoin truly is and what problems its solving.

Gambling is an entertainment which offers it's players the opportunity to gain or make some profit, some thing that is unrelateably and completely different from investing in bitcoin, only lack of patience can make any one lose in bitcoin investment.
full member
Activity: 235
Merit: 106
October 02, 2023, 11:25:31 AM
OP If you are talking about comparing Bitcoin to gambling. Then you know that Bitcoin is at the top number among currencies. And it is natural that every gambling platform will accept Bitcoin. Bitcoin and gambling will be traded on the side. Yes it's true gambling often ends people's lives.

Bitcoin is changing the lives of many people till date. Investing in Bitcoin today requires money. But hiring Bitcoin with less is good for life. If you notice Bitcoin has already gained 4% in price since the beginning of the new month. Expect to reach $100k during the bullrun.
full member
Activity: 1134
Merit: 140
October 02, 2023, 10:42:15 AM
Valuable assets like bitcoin are not to be spent on activities that end in vain.
It's not the value that makes Bitcoin not a suitable cryptocurrency for gambling but it's the volatility.

Gambling with fiat currency whose value can change within a certain period most people avoid it, I can't agree with people who use bitcoin for gambling.
That's the point, Bitcoin is a volatile asset and its value can change anytime which makes it a bad choice for gambling. Just imagine, you are gambling using Bitcoin when its price is $30,000, and after a while when you have lost some money, you see that the price has moved to $32k, that's when you feel that you shouldn't have gambled with Bitcoins and you could have more value right now.

One more reason why one should use stablecoins when gambling is it makes it easier to keep a count of how much you've won or lost.
jr. member
Activity: 43
Merit: 1
October 02, 2023, 05:19:36 AM
Bitcoin CAN be the future due to the fact that it's the biggest coin, but as it is banned in China f.e. and states usually don't like decentralized money I wouldn't bet that Bitcoin is the future. I think the functionality of blockchains is a great infrastructure for a modern ecosystem, but if Bitcoin is really going to rise again it will be shut down in one way or another by governments.
sr. member
Activity: 616
Merit: 317
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October 02, 2023, 05:09:22 AM
I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.
Don't immediately call the person mentally ill, it could be that they haven't studied Bitcoin well. Because in my country quite a lot of people say that Bitcoin is like gambling. They talk like that because many people use Bitcoin to cheat people, so they (the victims) think Bitcoin is also gambling. However, currently in my country there are many bitcoin communities that carry out activities such as educating people about bitcoin so that they don't misunderstand, and later they can differentiate gambling from bitcoin investment.

Quote
I'm not saying gambling is bad I'm saying no one should gamble because if you gamble you can lose everything your whole life income can go there that's why you trade bitcoins you light your future and gamble happy happy  Never get addicted to it and try to stay away from it.
Bitcoin investing and gambling are very different, and both can be profitable if we use them responsibly and can control our emotions and vice versa. However, to pursue bright dreams in the future, Bitcoin is the choice, buy and hold.
member
Activity: 96
Merit: 13
October 02, 2023, 04:39:34 AM
A lot have been said already about your choice of topic comparing to what you actually wrote about, we all know that Bitcoin is a digital asset not life, it's only God that gives life.

Comparing Bitcoin to gambling is madness, no body that has gained exposure or is enlightened will ever compare them both, Bitcoin will always take you to the next level financially if you possesses it, am be patient without selling it off, while gambling will not only humble you, it will bring you to the lowest level financially if you don't gamble responsible.
hero member
Activity: 1316
Merit: 561
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October 02, 2023, 04:09:59 AM
Yes true, the fact that bitcoin is the rational one when compared with something may cause some people feel like that's a refreshing thing, but that's also true. I believe that we are going to end up with something that is much larger if we are careful and we could just consider gambling is pure loss.

I understand that "some" people may have made some profit with it, but the reality is that we are not going to make a profit with it, and we are going to be pretty unlucky about it as well. So, when people end up with something that is wrong, that doesn't mean that they were always wrong, that just means that they got lucky or unlucky based on what happened. This is why it should be important to realize that bitcoin is far superior because it doesn't depend on luck.
The level of rationality will depend on their knowledge in understanding the positive impact provided by bitcoin, because even though bitcoin can provide financial freedom if they do not know the concept and how to invest correctly it also may not have an impact on an individual person. There are obviously advantages and disadvantages when it comes to gambling, the question is how consistently can we make a steady profit when gambling is full of speculation. Bitcoin clearly has a basis in providing profits and perhaps we can ignore the risks if the knowledge and investment method is done correctly.

Gambling does not have a concept like that and if we are lucky we will make a profit and if we experience unlucky/bad conditions we will definitely make a loss. The level of comparative rationality is certainly much more guaranteed in bitcoin compared to gambling, although in the end the consideration and choice is up to each of us.
Is the information visible and understandable? Despite Bitcoin understanding, gains arent guaranteed. Its true that Bitcoin is more structured than gambling, but the market is still full with speculation.

Even though we understand the principle and how to invest, market movements may not always benefit us. Like gambling, Bitcoin investing involves luck. Having the correct knowledge and investment approach can boost our chances of making a profit, but we cannot overlook dangers. Folks should make informed decisions and be ready for every eventuality, profitable or not.
full member
Activity: 882
Merit: 100
October 02, 2023, 02:17:40 AM
The future for those who gamble with Bitcoin is dire.  Currently bitcoin is recognized as the best currency in the world and we see everyone's future in bitcoin and the price of bitcoin is low due to market dump.  So those who want to make future with bitcoin buy bitcoin now and it will be very beneficial for our future. If we wait for bull market then bitcoin will definitely give good profit. Since bitcoin is a cryptocurrency, so it should not be related to gambling and everyone should stay away from gambling.
hero member
Activity: 2268
Merit: 579
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October 02, 2023, 01:00:08 AM
I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.


I'm not saying gambling is bad I'm saying no one should gamble because if you gamble you can lose everything your whole life income can go there that's why you trade bitcoins you light your future and gamble happy happy  Never get addicted to it and try to stay away from it.
Actually, I don't understand the correlation between "bitcoin is life" and your explanation about bitcoin and gambling. However, discussing that people think that Bitcoin is often used in gambling is something that is true. Bitcoin is sometimes used as a form of payment on well-known gambling sites. It's just that this happens to almost all Fiats. In fact, in the real world, people use their items to bet on gambling.
After all, Bitcoin is a means of payment on the internet, so people will use bitcoin as they wish. it can be used for good things and for bad things depending on each individual.

OP is not talking about using bitcoin as a payment method or betting in gambling, what he is talking about is a comparison between investing in bitcoin and gambling. Investing in bitcoin gives us a better life while gambling will kill our future and make us lose everything we have. What he said is not wrong but I find comparing bitcoin with gambling to be a bad comparison because they are completely different. Bitcoin should be compared to valuable assets like gold and real estate, not to gambling.

But I agree with you, after all, bitcoin is just a means of payment, an asset, and whether people use it for good or bad purposes is human behavior, not bitcoin.
hero member
Activity: 1498
Merit: 802
Leading Crypto Sports Betting & Casino Platform
October 01, 2023, 10:17:09 PM
Yes true, the fact that bitcoin is the rational one when compared with something may cause some people feel like that's a refreshing thing, but that's also true. I believe that we are going to end up with something that is much larger if we are careful and we could just consider gambling is pure loss.

I understand that "some" people may have made some profit with it, but the reality is that we are not going to make a profit with it, and we are going to be pretty unlucky about it as well. So, when people end up with something that is wrong, that doesn't mean that they were always wrong, that just means that they got lucky or unlucky based on what happened. This is why it should be important to realize that bitcoin is far superior because it doesn't depend on luck.
The level of rationality will depend on their knowledge in understanding the positive impact provided by bitcoin, because even though bitcoin can provide financial freedom if they do not know the concept and how to invest correctly it also may not have an impact on an individual person. There are obviously advantages and disadvantages when it comes to gambling, the question is how consistently can we make a steady profit when gambling is full of speculation. Bitcoin clearly has a basis in providing profits and perhaps we can ignore the risks if the knowledge and investment method is done correctly.

Gambling does not have a concept like that and if we are lucky we will make a profit and if we experience unlucky/bad conditions we will definitely make a loss. The level of comparative rationality is certainly much more guaranteed in bitcoin compared to gambling, although in the end the consideration and choice is up to each of us.
legendary
Activity: 2758
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October 01, 2023, 09:17:45 PM
I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.


I'm not saying gambling is bad I'm saying no one should gamble because if you gamble you can lose everything your whole life income can go there that's why you trade bitcoins you light your future and gamble happy happy  Never get addicted to it and try to stay away from it.
Actually, I don't understand the correlation between "bitcoin is life" and your explanation about bitcoin and gambling. However, discussing that people think that Bitcoin is often used in gambling is something that is true. Bitcoin is sometimes used as a form of payment on well-known gambling sites. It's just that this happens to almost all Fiats. In fact, in the real world, people use their items to bet on gambling.
After all, Bitcoin is a means of payment on the internet, so people will use bitcoin as they wish. it can be used for good things and for bad things depending on each individual.
full member
Activity: 560
Merit: 161
October 01, 2023, 05:20:46 PM
#99
I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.


I'm not saying gambling is bad I'm saying no one should gamble because if you gamble you can lose everything your whole life income can go there that's why you trade bitcoins you light your future and gamble happy happy  Never get addicted to it and try to stay away from it.
From what I understand from your content is that gambling will always be gambling and has nothing to do with bitcoin.  Bitcoin is an access that you can leave it to grow to make profit from it. Gambling is just a game you stake that the probability of losing it is always high. Investing bitcoin for longtime it is very certain to make good profit but gambling their is no guarantee to win, gambling is very risky you lose all your all your money at once. Do not consider gambling and bitcoin to be the same, they are two different things.
copper member
Activity: 588
Merit: 926
October 01, 2023, 02:18:41 PM
#98
I'm wondering who recognized bitcoin as the best coin in the world? Or is that just your opinion? You don't need to pass off your opinion as the opinion of all people. No, I don't mean to say bitcoin is bad. Bitcoin is definitely one of the best inventions of mankind, thanks to Satoshi Nakamoto. But I think it's wrong to make such an unsubstantiated claim about the best coin in the world.

Every person shares his opinion based on his experience may be the OP has gained lots of money due to bitcoin investment so its obvious that if something is beneficial for you and gives you money then you will appreciate it.

There is no doubt that beside bitcoin other coins and assets are also profitable but as greater achievement it offers to you there is no other coin like this. Some people will admire gold because gold will make them wealthy therefore we cannot say that what an OP said is false. Other coins are based on bitcoin and without bitcoin they have no existence so this can also be reason behind the statement what an OP stated.

You misunderstood me. I in no way want to belittle the importance of bitcoin in world history. All I meant to say is that the OP is making this claim on behalf of the entire community. If I were him, I would simply write that "I believe bitcoin is the best crypto coin in the world". And that's it.
hero member
Activity: 840
Merit: 570
October 01, 2023, 02:06:29 PM
#97
I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.

Everyone has different views based on their understanding. People comparing Bitcoin to gambling does not mean they are mentally ill, but I will say that is their level of understanding because they don't have deep knowledge about Bitcoin. So, mate, I will say you should be using easy words whenever you are trying to address something like this, no matter how confident you are about something. Many of us are here to learn, and when we make mistakes, it is correction we need in understanding ways.
 
It is true that Bitcoin and gambling are not supposed to be compared because they serve different purposes, despite the fact that both involve risk. Bitcoin is a cryptocurrency, and it was created to serve as an alternative to fiat currency, not as a way of making profit. We should know that 1btc is always going to remain 1btc, no matter what the condition may be; it can only lose value. So holding Bitcoin is something of a big difference from gambling, where someone will lose everything forever. There is nothing like holding anything backup in gambling like When someone invests in bitcoin and it loses value, you will still have the bitcoin.
 
 

sr. member
Activity: 1622
Merit: 270
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October 01, 2023, 01:50:45 PM
#96
I'm wondering who recognized bitcoin as the best coin in the world? Or is that just your opinion? You don't need to pass off your opinion as the opinion of all people. No, I don't mean to say bitcoin is bad. Bitcoin is definitely one of the best inventions of mankind, thanks to Satoshi Nakamoto. But I think it's wrong to make such an unsubstantiated claim about the best coin in the world.

Every person shares his opinion based on his experience may be the OP has gained lots of money due to bitcoin investment so its obvious that if something is beneficial for you and gives you money then you will appreciate it.

There is no doubt that beside bitcoin other coins and assets are also profitable but as greater achievement it offers to you there is no other coin like this. Some people will admire gold because gold will make them wealthy therefore we cannot say that what an OP said is false. Other coins are based on bitcoin and without bitcoin they have no existence so this can also be reason behind the statement what an OP stated.
hero member
Activity: 1456
Merit: 608
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October 01, 2023, 01:20:06 PM
#95
I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.


I'm not saying gambling is bad I'm saying no one should gamble because if you gamble you can lose everything your whole life income can go there that's why you trade bitcoins you light your future and gamble happy happy  Never get addicted to it and try to stay away from it.
Bitcoin is definitely safe for its privacy.  But since its price is not double, it never guarantees instant prophet to anyone. And it doesn't even behave in a way that can be compared to gambling. Gambling is a different thing that can never be compared to Bitcoin. Bitcoin is a coin with a lot of potential for the future so it can definitely be called safe.  But for the panic seller, Bitcoin is not safe as Bitcoin will lead to a bad experience for him. So Bitcoin is safe or not safe it depends on the activity of each person
legendary
Activity: 2086
Merit: 1058
October 01, 2023, 01:02:51 PM
#94
You don't consider gambling as bad but conclusion by combining the percentage of gambler suggests that gambling never have made anyone rich but instead it altered the situations of middle man into poor man. Bitcoin and gambling have lots of differences and we can't say that these are same as bitcoin investors always learn well about market trends and investigate about price chart after which they decide whether to sell or buy but gambler never search anything without query then put money and bet and rest of the things are then on good or bad future.
The journey may be different when connecting gambling with investing in bitcoin, because no one wants to bet just by relying on luck. Bitcoin has a much more rational concept and road map, where there are times when repeated cycles will take us to the next stage of achieving ATH, gambling does not have such a concept and road map, so it completely relies on luck. I agree with your statement, that gambling is very unlikely to make someone richer and even if there is, perhaps only a small group has a much stronger financial level.
Yes true, the fact that bitcoin is the rational one when compared with something may cause some people feel like that's a refreshing thing, but that's also true. I believe that we are going to end up with something that is much larger if we are careful and we could just consider gambling is pure loss.

I understand that "some" people may have made some profit with it, but the reality is that we are not going to make a profit with it, and we are going to be pretty unlucky about it as well. So, when people end up with something that is wrong, that doesn't mean that they were always wrong, that just means that they got lucky or unlucky based on what happened. This is why it should be important to realize that bitcoin is far superior because it doesn't depend on luck.
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