Topic: Crypto hodling as a form of gambling! (Read 1042 times)
Yes holding is a form of gambling because you bet your coins wether you can profit or lose it without value at all. You need to be positive so that you can have your goal life. To meet your expectations in life.
Yes holding is a form of gambling because you bet your coins wether you can profit or lose it without value at all. You need to be positive so that you can have your goal life. To meet your expectations in life.
That’s a gamble for life and not a gambel for greed, we do take a lot of risk because we believe into something. Now consider this as your good gambling decision because if you do support this decision, you can be more successful in the future. Ever since I've got into cryptocurrency, I've had several experiences on the prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!
Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.
Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some".
I know some of you had already been on the same kind of experience just like me.
Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.
Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some".
I know some of you had already been on the same kind of experience just like me.
But it's not, holding your crpytocurrencies in your portfolio doesn't look like you are playing gambling at all, because there are two different meaning of gambling, and I assure what you were trying to say is like when you are playing gambling since you have posted this topic here in this section. Holding your cryptocurrencies is different compare when you are playing in any gambling site, why, because at least in holding your crpytocurrencies, you know that there will be the time when you could sell the coins you wanted to sell at the price the you desire to gain profits, and that is for sure, all you have to do is to be patient.
Unlike when you are playing in gambling, there is no assurance at all that you are going to win, you just don't know, you don't have any proof that you could win when you play in gambling, but when holding cryptocurrencies, you have your portfolio as a proof that you could earn big profits when the bull market comes.
When you invest in a solid project and hodl for the long term, then it's not a gamble, BUT when you invest in a worthless shitcoin with a scamming CEO, then buying & hodling for any length of time is a pure gamble with the odds stacked very much against you.
We don't gamble if we hold some coins, especially if we hold some potential coins that can increase anytime. Gambling itself is a game with the money involved, and it's not the same as holding. Holding is something that we keep for a while, and we are waiting for the price increases. If we hold for a long time, it doesn't mean that we are playing gambling because we know what we did.
But can you fully say that you will earn from it?
Holding coins means you are investing, right?
And investing is also considered as gambling, that is why you are still gambling. Gambling doesn't always involve money, but as you said, you are holding coins, cryptocurrencies which can be considered as money if you will be thinking of it since some people accept it as a payment method. Gambling do not ensure winning, it is as a risk. What is the difference between analyzing a team for sports betting from analyzing a price chart for your investment? You do the same, you put your money into it, you may lose you may win, how is that different from gambling?
When you invest in a solid project and hodl for the long term, then it's not a gamble, BUT when you invest in a worthless shitcoin with a scamming CEO, then buying & hodling for any length of time is a pure gamble with the odds stacked very much against you.
We don't gamble if we hold some coins, especially if we hold some potential coins that can increase anytime. Gambling itself is a game with the money involved, and it's not the same as holding. Holding is something that we keep for a while, and we are waiting for the price increases. If we hold for a long time, it doesn't mean that we are playing gambling because we know what we did.
it can be very gambling if the invest in unknown project. everyone has belief in a particular coin before buying a coin, if all wrong predictions back again to the coin holder. because basically what determines from the beginning is that the holder should have his own commitment and belief in what will happen in the market. different from ameteru trader who only bought without knowing the purpose from the start and only guessed the fate of the coin.
We don't need to select the unknown project because that will not give us a profit in the future. We need to search the solid project in out there, but I don't think that will be easy to find. But if we still invest in the unknown project, then I will call that is gambling because we don't know what the prospect in the future is. But if we can hold the potential coins or at least, we hold the strong coins at the market, I think that will not be gambling because we know that the coin will be increased in the future.
Well there seems to be the same form from Holding and Gambling because the volatility of cryptocurrency is what made this area the same
In gambling you seek for luck to win,while the Holding needs also luck to profit(though the chance is large if you can afford to wait longer and not panicking)
Either way th important here is our capacity to risk what we can afford to lose
Only it makes the two similar is just because of luck but some of us just literarily think gambling is purely all about games. And even our future is a form of gambling neither, just the same the way we hold crypto cause we even don't know what will happen next. In gambling you seek for luck to win,while the Holding needs also luck to profit(though the chance is large if you can afford to wait longer and not panicking)
Either way th important here is our capacity to risk what we can afford to lose
May our luck will be with us all the time but it doesn't and that it makes that we sometimes lose and sometimes gaining.
When you invest in a solid project and hodl for the long term, then it's not a gamble, BUT when you invest in a worthless shitcoin with a scamming CEO, then buying & hodling for any length of time is a pure gamble with the odds stacked very much against you.
We don't gamble if we hold some coins, especially if we hold some potential coins that can increase anytime. Gambling itself is a game with the money involved, and it's not the same as holding. Holding is something that we keep for a while, and we are waiting for the price increases. If we hold for a long time, it doesn't mean that we are playing gambling because we know what we did.
it can be very gambling if the invest in unknown project. everyone has belief in a particular coin before buying a coin, if all wrong predictions back again to the coin holder. because basically what determines from the beginning is that the holder should have his own commitment and belief in what will happen in the market. different from ameteru trader who only bought without knowing the purpose from the start and only guessed the fate of the coin.
When you invest in a solid project and hodl for the long term, then it's not a gamble, BUT when you invest in a worthless shitcoin with a scamming CEO, then buying & hodling for any length of time is a pure gamble with the odds stacked very much against you.
We don't gamble if we hold some coins, especially if we hold some potential coins that can increase anytime. Gambling itself is a game with the money involved, and it's not the same as holding. Holding is something that we keep for a while, and we are waiting for the price increases. If we hold for a long time, it doesn't mean that we are playing gambling because we know what we did.
Well there seems to be the same form from Holding and Gambling because the volatility of cryptocurrency is what made this area the same
In gambling you seek for luck to win,while the Holding needs also luck to profit(though the chance is large if you can afford to wait longer and not panicking)
Either way th important here is our capacity to risk what we can afford to lose
In gambling you seek for luck to win,while the Holding needs also luck to profit(though the chance is large if you can afford to wait longer and not panicking)
Either way th important here is our capacity to risk what we can afford to lose
I don't think so that holding is a form of gambling. Gambling involves game wherein you can win or lose. Holding is just your strategy to make profit so with this you need to always check the market to monitor it's price not like in gambling. In holding once you can't sell your bitcoin during its high price only the profit will lose not like in gambling that if you lose the game you don't have profit and you lose also the capital so you need to go back with nothing. So gambling is worst than holding.
For me, gambling is anything that includes risk. Holding is also risky hence we can say that it is gambling. Let's say you are holding a crypto currency and you never know whether it will be profitable to in the future or not, so you hold it risking it. Investing in a crypto currency is always a risk since we are dealing with the most volatile investments in the world.
I think it is too difficult to know the right coin, especially when it has to do with this new coins in the market. The only coins that are trustworthy which I think is still quite on a high side is Bitcoin, and Ethereum and buying this ones to hold isn’t so easy for everyone because it a bit on a high side and not everyone can afford.
To those who can afford to Buy BTC, I don’t consider holding it as gambling because there is always potential for increase but when it relates to buying the new coins with the hope of increase or because it looks like the future is bright, I would say that is a very big risk. A very big one because from what I have experienced a lot of new coins are scam.
Yes, it is extremely difficult for us to forecast or know the fate of any coin and there is no need doing trial and error with money. If one is financial buoyant, then it’s advisable to go straight for bitcoin investments, but in a situation when there is no money, then understand that buying smaller coins to hold is just like gambling and most of those smaller coins are the ones below the top market coins.To those who can afford to Buy BTC, I don’t consider holding it as gambling because there is always potential for increase but when it relates to buying the new coins with the hope of increase or because it looks like the future is bright, I would say that is a very big risk. A very big one because from what I have experienced a lot of new coins are scam.
I know someone that bought so many small coins some years ago but today nothing to show for it. The money has all gone. It would have even been better if he used the money to bet on a sports site. He would have definitely made back his money by now.
When you invest in a solid project and hodl for the long term, then it's not a gamble, BUT when you invest in a worthless shitcoin with a scamming CEO, then buying & hodling for any length of time is a pure gamble with the odds stacked very much against you.
We don't gamble if we hold some coins, especially if we hold some potential coins that can increase anytime. Gambling itself is a game with the money involved, and it's not the same as holding. Holding is something that we keep for a while, and we are waiting for the price increases. If we hold for a long time, it doesn't mean that we are playing gambling because we know what we did.
I don't think so that holding is a form of gambling. Gambling involves game wherein you can win or lose. Holding is just your strategy to make profit so with this you need to always check the market to monitor it's price not like in gambling. In holding once you can't sell your bitcoin during its high price only the profit will lose not like in gambling that if you lose the game you don't have profit and you lose also the capital so you need to go back with nothing. So gambling is worst than holding.
For me, gambling is anything that includes risk. Holding is also risky hence we can say that it is gambling. Let's say you are holding a crypto currency and you never know whether it will be profitable to in the future or not, so you hold it risking it. Investing in a crypto currency is always a risk since we are dealing with the most volatile investments in the world.
Gambling has it's different ways of dealing to it, it doesn't mean you'll have to always play Gambling literally. Sometimes its applied to our daily living so as with holding long terms, because we don't know what future awaits us. Sometimes we fail and loss without knowing once you can't decide selling your asset to its best price.
I don't think so that holding is a form of gambling. Gambling involves game wherein you can win or lose. Holding is just your strategy to make profit so with this you need to always check the market to monitor it's price not like in gambling. In holding once you can't sell your bitcoin during its high price only the profit will lose not like in gambling that if you lose the game you don't have profit and you lose also the capital so you need to go back with nothing. So gambling is worst than holding.
In every form of investment, it means you are a risk taker were you are willing to gamble you capital. Therefore, if you are holding the alts for long term the risk was very minimal if the coin you bought are really promising and has a potential in the market, but if you choose the wrong coins even you hold it for long term, in the end you loss will loss it.
I think it is too difficult to know the right coin, especially when it has to do with this new coins in the market. The only coins that are trustworthy which I think is still quite on a high side is Bitcoin, and Ethereum and buying this ones to hold isn’t so easy for everyone because it a bit on a high side and not everyone can afford.To those who can afford to Buy BTC, I don’t consider holding it as gambling because there is always potential for increase but when it relates to buying the new coins with the hope of increase or because it looks like the future is bright, I would say that is a very big risk. A very big one because from what I have experienced a lot of new coins are scam.
Even investing on Bitcoin itself doesn't guarantee profits because no one can predict on what would be the future looks like but somehow
looking at the current situation of bitcoin which is mainly being supported as the main crypto then we can presume that it would really have that
bright future for longer runs.As an investor it isn't really avoidable not to think about alternatives to have the possibilities on earning more that's why
we do end up on risking into other choices of coins in the market.
I don’t think you know so much about Bitcoin if you do and if you have followed the history, you would know that it the best, safest and most profitable form of investment. The only requirement for Bitcoin is patience and this is where a lot of its investors miss out. Bitcoin is not a Ponzi scheme, you can’t put in your money today and expect it to have multiplied in the next few weeks, only few people get lucky with such, when they buy low and it starts to increase immediately. looking at the current situation of bitcoin which is mainly being supported as the main crypto then we can presume that it would really have that
bright future for longer runs.As an investor it isn't really avoidable not to think about alternatives to have the possibilities on earning more that's why
we do end up on risking into other choices of coins in the market.
Smaller coins are risky, I would prefer to buy the smallest of Bitcoin than to buy coin that I cannot be sure of its tomorrow. Bitcoin might be volatile but profit is always guaranteed.
Talking about Bitcoin, and like you have mentioned above, if it has to buying a coin to keep or hold, this the best, those who invested in buying BTC when it was less than 1 dollar, you can imagine what they are worth at the moment. If takes those who have an in debt knowledge, believes in the coin and also have patience to make profits in bitcoin investment.
When you invest in a solid project and hodl for the long term, then it's not a gamble, BUT when you invest in a worthless shitcoin with a scamming CEO, then buying & hodling for any length of time is a pure gamble with the odds stacked very much against you.
The problem is sometimes we select the wrong coins to hold, which make us wait for a long time. Besides that, sometimes we don't know which coins that can be the potential coins in the future. But as long as you hold bitcoin as the investment, I think that will worth for you to wait in a long time.
That is not a gamble if we can analyze although it still no guarantee to knowing of what will happen in the future. We could hope that what we buy at the market can increase higher in the future, so we don't waste our time to hold the wrong coins.
When you invest in a solid project and hodl for the long term, then it's not a gamble, BUT when you invest in a worthless shitcoin with a scamming CEO, then buying & hodling for any length of time is a pure gamble with the odds stacked very much against you.
[SNIP]
...hodling might be considered as long process of gambling???
I guess it might be yes. If you are not monitoring the crypto market price then it would be gambling but if you know you can simply sell your holding coins in order to cut your loses. However, this is a case to case basis. If we compared both these holding and gambling, the worst I guess is gambling rather than holding. But when it comes the whole concept and outcome they are both gambling that risk money....hodling might be considered as long process of gambling???
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