Topic: Bitcoin is life - page 3. (Read 862 times)

Comparing bitcoin to gambling is not correct. Because these two things have different fields. For example, bitcoin is a cryptocurrency, while gambling is the activity of risking or multiplying money. It's true, Bitcoin also has elements that multiply money. Such as through investment and trading. But what is clear is that the way it works is different from gambling. So in essence, comparing bitcoin and gambling is indeed an inappropriate comparison.

And I also agree, regarding buying bitcoin now, it has the potential to make big profits later. But even so, nothing is certain. Because investing or trading certainly cannot be separated from profits and losses. So even though Bitcoin has great potential for the future, we need to remember that caution and vigilance must always be applied to each of us.

In fact, if gambling is done with controlled feelings and not carried away by emotions, it can also provide very positive results. Because many gambling players experience losses, this is because they cannot hold back or control their emotions when they lose and take hot money to deposit,right. But for me personally, I only gamble using really cold money or leftover money. So when I experience a loss, I don't panic too much or become depressed. Because in my personal opinion, the key to comfort when playing gambling is to use cold/spare money. That way, gambling will feel more comfortable and less stressful.

Of course bitcoin is very different from gambling, even though basically investing with bitcoin we have to be prepared to accept the risk of loss but there is an opportunity for us to make a definite profit when the price of bitcoin rises, this is different from gambling where we only rely on luck completely after we place a bet and in gambling we don't. can always provide passive income for us even if we play by relying on good strategy.

Gambling is just entertainment for fun while bitcoin is one of the promising investments for us, especially long-term holders.

The point is that you cannot compare gambling with Bitcoin investment, it is a significant difference.
Bitcoin can actually be interpreted as whatever people see and use it, but there are many positive things that can be taken here, such as in investing or trading Bitcoin which allows us to take advantage if we know how and have the knowledge to do so.

But regarding people who use it for gambling or all kinds of other negative things that have high risks and expect big possibilities, I think they know what will happen and they are ready for it.

Yes, Bitcoin is the best coin among all the cryptocurrencies in the market, and if you invest in the time of bearish and hold until the price increase higher to your satisfaction before you can release them for sale, and you will enjoy the benefits of Bitcoin from your investment. Bitcoin is more better than gambling, because there is no way you will buy Bitcoin when the price is low in the market and hold the Bitcoin like 3 or 4 years without achieving incomes from your holding, but you can gamble like 3 or 4 years and you will not achieve something meaningful from your gambling. I believe many gamblers will listen to your advise because gambling has reduced so many people from something to nothing just because they didn't apply wisdom in their gambling.

The people say that you are taking a gamble, when you buy unregulated Crypto currencies... they are not saying that Bitcoin is gambling.    They are wrong in so many ways, because every investment that you make... have some kind of risk attached to it, so you will be taking a gamble on anything you invest in.

The same thing are applicable to anything you buy..... for example a Solar system. It might save you money on your electricity, but the batteries might fail or the panels might be hit by a storm and you will have to replace it. 

Indeed, this will always be a topic of conversation in the digital economy. So, In fact BTC is valuable and so many people are buying it. So just make it simple. In my opinion, if you use BTC as an investment asset, that's fine, but if you misplace it and don't understand it, it will have a bad impact on someone. That's why it means running here and there.

More to the practice, in my opinion, buying bitcoin can also be said to be gambling if he doesn't know what bitcoin is, just buying bitcoin and hoping for a profit (like seeing someone making a profit from bitcoin and then he also wants to buy bitcoin without knowing bitcoin), this side according to I'm getting into the nature of gambling in my opinion, so what you look at is not the bitcoin in assessing this but the practice.
Anything can be like gambling if you don't know what you are doing but hope to profit from it.

That is if you continue to hold on to the bitcoins that you have in any situation, but people who don't know how the market moves and what a bitcoin investor should have, in other words just buy bitcoins but don't know anything about them and how to make a profit, and just a hope, when the market turns around he panics then he sells the bitcoin he has, the quantity will not decrease but a person like that will definitely experience losses, and yes the risk is big or small depending on how much you know about it. big risk, but gambling is much bigger because it really depends on luck.

If we're about to compare Bitcoin to almost all of the coins in the crypto industry, therefore we could literally say that Bitcoin is the best among all, but if we're about to compare Bitcoin to other investment, of course there's also other investment that are also good, it would only differ to our own preferences and suitability. And if you're already doing investment and trading into crypto industry, for sure you would not only focus on one coin as to profit cause there's a quote that "never put all your eggs in one basket" which is better the more investment, the merrier profits.

Yes, buying Bitcoin will be advantageous in the future but you misunderstand what people are saying by comparing gambling with cryptocurrency.
They actually compare crypto trading with gambling and not BTC.

Gambling is good and it's also bad because it's not meant for everyone. If gambling is not meant for you and you are involved in it people will see it as a bad thing due to its negative effects but if gambling is mean for you people will see the positive aspect of it.

I have had this conversation numerous times. There is no way to directly compare Bitcoin to normal gambling. When you gamble out there, you lose everything when you get it wrong but BItcoin would just reduce your investment (stake) by some percentage. And honestly, I'd rather pick something that doesn't let me turn to nothing in seconds.


The truth is that everything is a risk. Buying Bitcoin, betting, and even going outside your house is a risk (cause who knows what will happen). It depends on how risky it is. For example, what are the odds of getting hit by a car if you go outside your house (considering you are an adult who knows how to cross the road)? It's low. Right? How about the odds of winning a bet? 50/50! You either win all or lose every damn thing. And Bitcoin? It's less risky cause you will not lose the quantity you have, just a percent of it's value that can always go back up. It's all risky, but we make the call!

Well I agree with you that it's base on your own opinion but  I think with the stats rate and market value of Bitcoin compared to other coins I think it's fair to say that we can assume that it's actually the best because when it comes to ratings and usage Bitcoin is number one and thats just says it's fair to assume it to be the best. But notwithstanding I still understand that many other crypto enthusiast still prefer other coins than Bitcoin.

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.

Indirectly this provides a new view where those who say that bitcoin is compared to gambling are only because they see from the trading side not investment.
When looking at this then it is clear to them that this is like gambling because it only guesses and when lucky who makes a trade will definitely profit but basically this is just a crude view because those who think like this they do not know that in trading also requires research that must be done but they will not know because they only see in passing and do not understand how to trade so it is considered as gambling.

The topic title, topic content, and Poll are all irrelevant. My brain gives Error 404
Is it possible, OP, for someone on the bitcointalk forum to vote that Bitcoin is bad?

In any case, I will write about the content of the topic. No one who knows the decentralized nature of Bitcoin and its promising technology can compare it to gambling. Casino and gambling platforms only use Bitcoin as a payment method because Bitcoin transactions are fast; any gambler can withdraw his winnings and deposit his Bitcoin in minutes, and Bitcoin has small fees. in addition, its transactions are secure; they do not contain data for players. These casinos rely on blockchain technology in their system as an effective means of ensuring justice among players and detecting cheaters. Bitcoin is also used on other platforms and businesses in other fields, not just gambling. Bitcoin is an investment and has nothing to do with gambling. Still, it is possible to agree that bitcoin investment is like gambling with its lousy side of losing money if there is a beginner investor who invests and trades Bitcoin without experience and knowledge.

I think you mixed up trading with Bitcoin. No one says that Bitcoin is gambling. Trading Bitcoin or other cryptocurrencies without knowledge is gambling. And this post should not exist. I am finding it hard to learn anything from this post. Also, why should everyone see their future in Bitcoin? It is not as simple as that and it carries risks. That's why it is said that invest only what you can afford to lose. Encouraging people to invest in Bitcoin is also not a good idea. What if they invest and lose? They will blame you for their losses. What will you do then?

If it is that bad, then why do people still do it? Why it still exists? Remember everything has its own set of rules. If you follow them, then you can be on the good side. People use gambling for entertainment purposes. They have separate budgets and proper knowledge. That's why they don't get affected by emotions and don't get addicted. If you gamble responsibly, then there's nothing bad about it. Learn the detail first.

Op's poll is presenting us with a false dilemma, and of course not many people on this forum would choose to say that Bitcoin is bad. Bitcoin doesn't have to be bad or the best, as there's a lot of space in the middle. It's a nice currency, it's a very empowering one, but there are also issues with using it, such as the scalability and occasionally skyrocketing fees, or simply the fact that there aren't many places where one can pay directly in Bitcoin.
Also, while you can lose a lot with gambling, you can also lose a lot with Bitcoin as a result of a scam, panic selling at the wrong moment, losing access to your wallet, etc.

You don't have to call those that doesn't buy your idea or support other's own as mentally ill individuals, we have our individual freedom, decision and choice to make, that is their own way of interpretation of what bitcoin is, don't be surprised when you discover that later they have realized the truth and have embraced bitcoin, if they never realized the things they are missing out in using fiat, bitcoin may remain inconsiderable to some until they are pushed out and left without a choice than embracing bitcoin which is an alternative to fiat.

Gambling in a casino with gambling investing in Bitcoin in the Long term has a different meaning. You hope for luck when gambling at a casino, but when that luck doesn't come, the money you bet will immediately belong to the dealer.

It's different if you gamble and invest in Bitcoin in the long term, you have the opportunity to make big profits when the price soars high. Buying Bitcoin when the price is cheap will be the dream of most investors, they will do anything to make big profits when Bitcoin has reached ATH.
Maybe you ask why I am so sure Bitcoin will return to its highest price in the future, the answer is because usually after a Bearish market it will immediately turn Bullish.

Those who compare bitcoin to gambling are surely fools, they have no spiritual knowledge about cryptocurrency. A wise person would never make such a comment, rather Bitcoin is a virtual currency that is now recognized as an asset by users around the world. Of course, we should buy this asset now because the price of Bitcoin is at an investment level right now. So we should hold bitcoin and sell it when bitcoin price increases, we know bitcoin is a store of value. Moreover, gambling is not bad, but if it is used excessively, then it is definitely considered bad by all. Moreover a person gambles to earn his daily income it is his main source of income so gambling site is most known and best for him. But basically everyone in society considers gambling bad, and I think gambling is never a good person's job. Gambling can make a person addicted to it and as a result his life can be ruined and also his family can face various problems, which can make a very dire situation in future, so I don't like gambling. Investing in bitcoins with the same money as gambling money is definitely possible in the future and I prefer to invest in bitcoins.

Is this different from the gambling bitcoin investment? if that so main difference between these is investment is depends on your knowledge of how you will enter the market and exit with the profit to take home, in playing gambling you are just waiting for luck to make money, but when you make it, takes a lot of time and money before you achieve to comeback those money losses, you choose get wise try your luck in playing gambling or make an investment with your skills and understanding.