Topic: Bitcoin is life - page 2. (Read 862 times)

It is human nature that he always wants to invest in a place where he gets good profit instead of loss. In gambling, the chances of anyone winning or making a profit are always very low. I don't know how people get interested in gambling even after seeing the loss in front of them. Looking at Bitcoin on the other hand, even if one does not have much experience with Bitcoin, investing in Bitcoin will not hurt anyone much.

The price of Bitcoin may fall below your buying price, but there is no risk of losing your investment because the price will return to your buying price, even if it is late. Even a newbie can get good profit if he invests in Bitcoin in bear season but the condition is that he should know bear season and bull season.While playing gambling, whether someone is new or experienced, both are equal and both have more chances of losing.

Bitcoin is not gambling you are right. Bitcoin is an investment and there is no wrong way to use it. When comparing bitcoin with a gambling game, I think it is wrong with the vision of bitcoin which makes me say it would be a shame if a valuable asset like bitcoin were misused.
Profit and loss on investments is a habit that always follows. Luckily, people who invest in bitcoin in the long term rarely experience losses, not none.

Bitcoin is not a tool that brings wealth to everyone. You are right. But bitcoin can make a difference to its owners if they are willing to hold it firmly until the highest price is reached. It is very wrong if people use bitcoin as a tool to accelerate wealth.

Investors who understand investing will not go beyond their investment concepts and strategies. Bitcoin investors are different from altcoin investors or people who trade in altcoins. Greedy are the characteristics of investors or traders who do not deserve success in their investments.

Those who compare Bitcoin to gambling are foolish because they don't have a good idea about it. Moreover, an experienced person would never say such things, only those who have less mental balance can make such comments. One who is once associated with Bitcoin will never get addicted to gambling because gambling is the biggest addiction. Till date very few people who have gambled have been able to get out of it and most people have lost all their money by gambling. That is why people who gamble excessively and are addicted to gambling should refrain from gambling and come back from it. If he invests in Bitcoin with the money he gambles with, he will definitely earn good profits in the future, so it is best to avoid the bad path and choose the good path.

You have not presented your information correctly according to your topic. And enough has been said about the difference between gambling and Bitcoin.

Many people gamble but they are not addicted to gambling and many are addicted. The difference is that those who gamble regularly and experience losses are the only ones who are addicted to gambling.  People who are addicted to gambling suffer losses.

There are people who have invested in Bitcoin in the past, will invest in the future, and are still investing. As I have heard a lot about bitcoin future, I would say that if you invest at the right time, you will definitely reap the benefits. And it has to be for a long time.

It's really a very different thing to invest in Bitcoin from gambling, when gambling we really need luck to be able to win gambling, even though there are some gambling games that we can analyze about the gambling we are going to play, it still requires luck. I agree with you that when investing in bitcoin we need to understand it well and need a lot of experience to be able to get a profit from the investment.

Bitcoin is not gambling, Bitcoin is an investment and once it is called an investment, there will be profit or loss. Not everyone who invests in bitcoin will make a profit, and no one will lose. Bitcoin cannot alone increase in price and bring wealth to everyone, so it is not entirely true that bitcoin will help everyone. It will benefit those who grasp the opportunity and have the right knowledge about it, while those who invest blindly and greedily will have to bear the losses.

Valuable assets like bitcoin are not to be spent on activities that end in vain. 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. Regarding gambling, do as you wish with good self-control.

OP, bitcoin has really helped a lot of people in finance. People who once owned bitcoin and experienced huge profits due to achieving ATH, until now they are still trying to adopt it more to hold it until a new ATH occurs again. When people's lives are helped by bitcoin, with all their efforts they will try to own bitcoin even though there is a ban.

It all depends on the idea anyone has in their head as to what gambling really means, some see any situation that has to do with giving money out to get money back as gambling while some see gambling as giving money out in  hopes to get money, to me they are all thinking the same thing just in their own different ways.

Which ever way they say it, so long you have to give money to get money it can be seen as gambling.

Just that it is not the type of gambling that low thinking minded persons think it is, when i say low thinking minded persons, i mean those who only know very little about bitcoin and how it works and so they tend to compare it to betting, casinos and all other kinds of gambling.

Like i said before, they are all right it just depends on how much the person knows about the words bitcoin and gambling.

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.

In fact, investing in bitcoin is much better than gambling and if we want to increase our finances then we should choose bitcoin as an investment. There are times when we gamble but it is not a routine job that is done all the time, but rather as mere entertainment and perhaps the biggest focus should be more on investing in Bitcoin if we want to get much better financial freedom.

Gambling and investing in Bitcoin are two different things.People who are comparing Bitcoin with gambling they ignore the importance of Bitcoin .This can only be expected from people who have no knowledge and awareness about Bitcoin.Almost everyone wants to invest in Bitcoin, and those who have good capital are investing in it.

We all know how much profits have been made by people who invested in Bitcoin at the beginning of its existence.Still a good entry at the right time is likely to give a good profit in the future.On the other hand, gamblers are playing on their luck,and majority of people lose their savings.Neither your experience works nor your knowledge works.So how do people compare gambling and bitcoin?In one place you are playing with luck while in another place you are making good decisions based on your experience and knowledge.

You're absolutely right, everyone indeed has a unique perspectives. I always respect that. No right, no wrong, just different viewpoints. Its wrong to assume that those comparing Bitcoin to gambling are mentally ill. Like you pointed out, both Bitcoin and gambling carry their own sets of risks, and neither guarantees sure success.

Gambling is legal and practiced worldwide (though there are some anti-gambling countries like china). And yes, everyone should be responsible, not just in gambling, but even in every other aspects. We cant and shouldnt stop people from gambling, but we can certainly encourage them to do it responsibly, setting aside a specific amount for this purpose as you suggested.

You're not wrong about Bitcoin either. It is indeed a safer type of crypto investment, but not without its risks, especially due to its volatility. For newbies like us (I always believe myself as newbie), its wiser to invest and hold for a long time

Op You have no right to assume that those who compare gambling to bitcoin are mentally sick because everyone has a unique perspective on the world. I believe it is wrong of you to draw that conclusion. Although bitcoin and gambling are very different from one another, they somehow share the risk that comes with both; neither is guaranteed.

There is no way to stop people from gambling because it is legal everywhere in the globe and is not as horrible as you mentioned. The best thing to do is to advise them to gamble responsibly so that they will be able to control their emotions and prevent addiction because it is only addicted gambler that doesn't know when to stop gambling in which they end up losing all their money. Gambling is not bad as you said and it is practised throughout the world, so there is no way you can make them stop. The ideal plans, in my opinion, is for them to set aside a particular sum from their pay on a weekly or monthly basis for gaming.

Bitcoin, on the other hand, is the safest type of crypto investment, as we all know, but it also carries a significant risk if you don't know anything about it. Its volatility makes it even riskier, and not everyone knows how to use it. For newbies like us, I believe it is better to invest in bitcoin and hold for a long period of time because bitcoin has the potential to move in the future. Some people don't have what it takes to withstand the pressure when the price of bitcoin is moving downward, and the most risky part of it is the trading part, which I wouldn't advise anyone to do when they don't have enough knowledge about it.

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.

Once you find the opportunity then don't waste time but select bitcoin as its better than gambling because once you choose gambling then if you want to leave it you will not be able to throw out gambling from your life.

As much as hope gives us the drive to continue and do better we can't just fully rely on that without actually making an action. Also, yes, I agree with you that even though I do not agree with OP's initial idea (still having a hard time comprehending the full message and point of the post) at least the title and body of the post have a relation. Lastly, gambling can bring hope to people too, yes often times there is no certainty in gambling but if you will be smart about it you can be like those individuals who calculates things and uses a lot of methods and research to know when to bet and how much.

At least, I can say there is correlation between the topic and the body of this message, I think what you are trying to say is that bitcoin can give about 99%(if not 100%) hope of success in life. However, Hope is life because hope keeps the spirit high to do more and achieve more in life. Unlike gambling which has no certainty (i.e under probability)

We Missed the Numbers for Bitcoin in 2011, But I Guess It Won't Rise Any More

Bitcoin benefits are undeniable. Only ignorance agree that bitcoin is gamble. Thanks to all the bitcoiners who understand the market and see the potential for growth, not bitcoin is more and more valuable. But please, we all know that other crypto could bring us more

Diversity is always important. Always. Other cryptocurrencies, if they can keep their promises, can elevate the blokcchain ecosystem. They do, indeed, bring a huge return. And of course they come with more risk. So, its crucial to proceed with caution and be well-informed, but keep an open mind towards other possibilities. The financial world is expanding day by day. We cant just sit there and wait for things to happen to us

Investing in Bitcoin isn't gambling, that's why it's recommended by those that have been in the industry before us because when you invest in Bitcoin, you can be sure of making profits now or in the future but investing in other cryptocurency can't assure you of profit as they can stop been hyped and they become worthless while you lose all the money you invested into them. Bitcoin is the best cryptocurrency to invest into and you can buy Bitcoin instead of gambling.

But gambling isn't totally bad, if you want to do it try to avoid getting addicted because that's what makes gambling bad as it makes you to keep playing it even when you're losing. Gambling has made a lot of individual to lose everything they had but you can avoid same results.

That is without a doubt a massive assumption by the OP, do not get me wrong when I compare bitcoin to every other altcoin, precious metals and fiat, bitcoin comes ahead easily, however bitcoin is not really recognized that way by most people yet and in fact we are a minority as only a small amount of people hold any significant amount of bitcoin, while the rest of the population is not interested in holding bitcoin or they believe bitcoin is in fact a bad coin.

If we talk about the future of bitcoin for certain then of course no one knows. But if we talk about the potential of Bitcoin in the future, it really looks beautiful. Because when more institutions enter Bitcoin and when the Bitcoin Spot ETF that has been proposed by many giant companies is approved by the SEC. So now we will look at one of the triggers for the bullish market welcoming the bitcoin halving. Maybe the price will not immediately increase rapidly after the halving. Because there will be a phase where the paper hands will throw away their cargo. So I don't want to lose the opportunity to join in the party in the next bull market. So I have continued to do DCA for several years.

When it comes to gambling and Bitcoin of course they are different things. But perhaps what many people talk about gambling associated with bitcoin is aimed at people who trade in the bitcoin market without understanding the basics of trading. They only speculate and trade driven by emotional factors or in a way that leads to impulsive behavior. But still it's not gambling. They are just bad traders who don't know what they are doing.