Topic: Crypto hodling as a form of gambling! - page 3. (Read 1039 times)
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.
HODLING is gambling because you know that in time you are going to win 
Look at price charts since the first block was mined, bitcoin goes in one direction overall - up.
You are talking of a successful coin which is bitcoin, the crypto market is a big market with thousands of coins, therefore, when choosing the right coin, that is the part where were are gambling because we never know that what we are holding will be successful. Look at price charts since the first block was mined, bitcoin goes in one direction overall - up.
Moreover, people hold with different target of profit, bitcoin is no doubt profitable but if we will hold it now and will focus only in btc, can we maximize our profit? that's the big question as majority of investors does not have big money to invest, we invest small and aim for big return.
Honestly, the industry has become mostly a gamble now, especially when it comes to investing in ICOs and IEOs. You pretty much need to get lucky to see a positive ROI.
That is because the team behind that project only wants to get money from investors. If you really want to earn on investing in IEO and ICO you must review well their team. Unlike the ICOs in the past years where the advisor of the team's project are famous and well reputated in the crypto community.
Similarly, holding altcoins for any reasonable period of time is tantamount to gambling, considering the VAST majority of these decrease in value over long time-frames.
Looking at the top altcoins in the coinmarketcap its USD value didn't change that much but if you base on the altcoin-btc value it really depreciates but I guess it's normal, imagine ethereum's price is 0.1btc at $10k/btc then the price would be $1k each which is too expensive imo.
I could accept that holding crypto is a one kind of gambling. Because I haven't sold my crypto during last bull run. Unfortunately I have bought some alts during last bull on this year. I just hold during dump of alts and still holding. I had not sold thats coin since I am still believing that alts will recover eventually and my fund will recover that time. Because it's too late even if I want to sell on loss. That's why I believe holding crypto also one kind of gambling because we don't know exactly what is going on near future.
I honestly believe some people that are against bitcoin as the same as gambling have never had any horrible crypto holding experience and it seem so many people are mistaken crypto for Bitcoin alone because most example I have read are people referring to how long they have been holding unto their bitcoin and haven’t lost ,is it that they do not consider other smaller coin as crypto? Or they have never had a bad experience with the coins.In 2013, I invested a lot of money buying some very small coins with the intention that it will grow to later become big like Bitcoin and the hype on this smaller coins that year was really huge but to my greatest surprise it all crashed, and coins worth 20,000 dollars as at then is now left with less than $200. Isn’t that worse than gambling?
HODLING is gambling because you know that in time you are going to win
Look at price charts since the first block was mined, bitcoin goes in one direction overall - up.
Look at price charts since the first block was mined, bitcoin goes in one direction overall - up.
It seems the community has differing views about this topic and I'm glad you guys shared different insights about it. In this sense, I think
I'm going to tabulate all the responses five days from now and quantify the data on those who agree or disagree with this idea so that we
may have a better picture on the community's overall responses.
I TOO ENJOYED READING THE DIFFERENT VIEWS SHARED ON IT and it looked to me like a great number of members are in support of crypto holding as a form of gambling but I will be waiting to see your compilation on this but for now I am also of the opinion that crypto holding is nothing different from gambling.I'm going to tabulate all the responses five days from now and quantify the data on those who agree or disagree with this idea so that we
may have a better picture on the community's overall responses.
If you have your cryptocurrency, its better to trade or do better things with it than to hold since its uncertain what happens next if it appreciates or depreciates and to avoid all this, it is best to withdraw and trade or even gamble with it because at the end of the day, gambling even pays more. There is a great chance of winning especially if you play a skill based game.
Everything in this whole scene is technically a gamble because of the risks it bring and the uncertainty that comes with it. Don't get me wrong, cryptocurrencies have already established its footing in the world economy, but still there is this slim chance of it failing along the way even though it's arguably one of the most sought-after fad in contemporary times. Add to that fact the volatility of its pricing. It's entirely a gamble as a whole; heck, everything including money is a gamble be it direct or indirect!
Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time
Maybe with market evolving and growing, the times of gambling will end, and we will be something like stocks market
Maybe with market evolving and growing, the times of gambling will end, and we will be something like stocks market
Crypto is mostly controlled by the whales. Until the volatility in crypto reduces, we can relate crypto trading with gambling.
For the bitcoin prices to be stable, there needs to be a lot more users holding the crypto as more the crypto is disturbed among many people, the whales will not be able to manipulate it for their own benefit as they are doing it right now. Also as the volume in crypto increases, it will hard to manipulate it.
I can consider holding as another form of gambling since it is another form of investment and we all know that all investments have risks.
Although crypto holding is not as the same with the gambling (composes of casinos and different games etc), the risk on it is always there so you are still gambling into when you will sell your coins and when to buy them again.
I don’t think that we can gamble in from of crypto but we only use gambling to earn money and crypto to get bright future both id them has different features. Gambling is a game we choose to play but in crypto we will gain allot id profit with buying at right time and then holding it with patience to let it grow.Although crypto holding is not as the same with the gambling (composes of casinos and different games etc), the risk on it is always there so you are still gambling into when you will sell your coins and when to buy them again.
Besides, we used already crypto for gambling and I know you are aware of that.
Not just literarily we understand gambling and not just all about games. We could also consider the investment as a form of gambling cause we don't know what will be the outcomes. And also to say that in holding crypto, knowing the fact that we don't have the assurance to become profitable or not. That's all be like.
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especially when it comes to investing in ICOs and IEOs. You pretty much need to get lucky to see a positive ROI.
The business shouldn't be a gamble, its a risk based on a market demand that the company should be meeting. If they are incorrect in that market being capable of sustaining the business then it will not succeed but I dont see crypto itself is at fault for that lack of success. Its upto the company themselves to balance all their assets so they can meet all costs and requirements for liquidity, in FIAT, Crypto and tangible and intangible assets.The variation in Bitcoin at least has been quite calm compared to previous years that I remember, it varies a fair bit but also its tending to meet averages quite often which means previous prices set are still in the region many months later. Some countries fail in this regard even and BTC doesnt even have anyone to try and force a price it just does its job every day anyway.
Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time
With all the guessing, and predicting, and waiting on what will be the price this time to the next minute or hour, hodling is really somehow like gambling. In gambling, you don't really know if you will win or lose; and same here while hodling. I mean, one don't really know how much cryptos like bitcoin will cost. That explains all the price prediction threads here in the forum. However, they also have difference in the sense that, in gambling, it depends on either luck or strategy but in hodling, it needs more strategy and wise judgement on when to buy or sell. 
Honestly, the industry has become mostly a gamble now, especially when it comes to investing in ICOs and IEOs. You pretty much need to get lucky to see a positive ROI.
Similarly, holding altcoins for any reasonable period of time is tantamount to gambling, considering the VAST majority of these decrease in value over long time-frames.
People can avoid the hassles of holding for this purpose though, since there are websites that actually allow you to bet on the price values of certain coins at X date, these are known as prediction markets
https://www.predictious.com/ is one of the most popular, but there's a few more too.
Similarly, holding altcoins for any reasonable period of time is tantamount to gambling, considering the VAST majority of these decrease in value over long time-frames.
People can avoid the hassles of holding for this purpose though, since there are websites that actually allow you to bet on the price values of certain coins at X date, these are known as prediction markets
https://www.predictious.com/ is one of the most popular, but there's a few more too.
Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time
With all the guessing, and predicting, and waiting on what will be the price this time to the next minute or hour, hodling is really somehow like gambling. In gambling, you don't really know if you will win or lose; and same here while hodling. I mean, one don't really know how much cryptos like bitcoin will cost. That explains all the price prediction threads here in the forum. However, they also have difference in the sense that, in gambling, it depends on either luck or strategy but in hodling, it needs more strategy and wise judgement on when to buy or sell. 
Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time
With all the guessing, and predicting, and waiting on what will be the price this time to the next minute or hour, hodling is really somehow like gambling. In gambling, you don't really know if you will win or lose; and same here while hodling. I mean, one don't really know how much cryptos like bitcoin will cost. That explains all the price prediction threads here in the forum. However, they also have difference in the sense that, in gambling, it depends on either luck or strategy but in hodling, it needs more strategy and wise judgement on when to buy or sell. 
Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time
Maybe with market evolving and growing, the times of gambling will end, and we will be something like stocks market
Maybe with market evolving and growing, the times of gambling will end, and we will be something like stocks market
Crypto is mostly controlled by the whales. Until the volatility in crypto reduces, we can relate crypto trading with gambling.
For the bitcoin prices to be stable, there needs to be a lot more users holding the crypto as more the crypto is disturbed among many people, the whales will not be able to manipulate it for their own benefit as they are doing it right now. Also as the volume in crypto increases, it will hard to manipulate it.
Yeah, it's not different from gambling, there is no need to directly gamble on website to call it gambling. Let's compare hodling to bustabit, you hold it until it reaches your aimed price but difference is that you are the only one who crushes there, if you can't afford to wait for price rise and fall makes you afraid, then holding isn't for you because you turn yourself into loss instead of profit. There are some people whom don't have self-control in gambling and so is the same in holding.
I can relate on OPs sentiment I have very the same experience my 2.87+ btc are gone like a bubble when I convert it to altcoin in the beginning of 2018, about cyrptocurrency hodling we are all victims of this but the lesson is hodling means storing it for a long period of time like 3-5 years thats what I think for now because if you only hold for a year many unexpected things will happen like bear market.I agree once you hold it you are gambling just like any business if you going into any business with huge money you dont know if you will succeed or not.
During that time, we thought that was the best decision as we just like to diversify.
I can feel you mate, I also made a decision like that I know it's a bad decision with the value of the altcoins it has become now, it's almost worthless but we don't look at its value now, we just try to convince ourselves that crypto will recover and we will hold it until the right time will come.
Most of my holdings were ETH tokens as they are the most promising coins that time, but they suffered the long correction and now its still sleeping.
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.
1 thing gambling though me about crypto holding is i actually not really know or actually can't analyze about bitcoin price. Maybe it will like play gambling because i hold and don't know price will up or down. If up so i take profit, if down so i get lose. Maybe that is what i do although i only use bitcoin halving as something that make me really confident to hold my bitcoin. 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.
I still consider any kind of investment a gambling and more so with investment and especially in Cryptocurrency, it's a different kind of gambling that you never know what you are going through, even if you done proper analysis, that is the reason we have this saying only invest what you can afford because any investment has a risk attach to it.
As long as you can accept the risk, then I think you don't have to worry about the bad things that could happen in the future. Maybe it's difficult for the first time, but after you can get the profit from the investment, you will want to do more and more. And who knows you will use bigger money as the investment because the profit will be bigger.
But yes, the investment in the cryptocurrency will be gambling if you don't know the right coin to select. And you only risk your money without a chance to make a profit in someday.
I can relate on OPs sentiment I have very the same experience my 2.87+ btc are gone like a bubble when I convert it to altcoin in the beginning of 2018,
btc is known to be like a bubble because its value can go down unpredictably and you shouldnt be surprised for that . also you did a wrong move for converting your btc to alts . why would you do that when btc is already a good investment? arent you contented with your btc ? also the year 2018 was a bad year for all cryptos not just on bitcoin .about cyrptocurrency hodling we are all victims of this
why did you say victim ? do you think holding a crypto is bad ? no . we arent force to hold a crypto and not all are hodling a crypto and lastly hodling a crypto is beneficial . Jump to: