Topic: Crypto hodling as a form of gambling! - page 4. (Read 1039 times)
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.
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.
Just like gambling holding is risky also because they both give no assurance on what will be the prices or outcome tomorrow so basically both needs luck and instincts to gain or win
Online investing is not like physical business that you can push the profit by adding more action to sell.in crypto we only wait for the demand of currency to grow
Online investing is not like physical business that you can push the profit by adding more action to sell.in crypto we only wait for the demand of currency to grow
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.
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.
For me, yes you might consider crypto holding as a form of gambling, holding your crypto and waiting to a much sufficient amount is like playing poker if you are a safe player and waiting to a great card to make sure the money it's like trading or holding. But the game is much different like in gambling, holding your cryptocurrency has a different risk, you can't tell what time will be the most profitable moment and also its difficult to predict if the price will increase or decrease unlike in gambling that if you hit the jackpot/ win you will know that amount that you have won. 
As long as they are both full of uncertainty then they can be referred to as gambling just that one is still better than another which is normal even with other gambling’s because some people believe sports is safer to play than poker and so on but I personally see crypto holding as another form of gambling, since one can never tell what happens the next seconds I bought btc when is was far below 13k plus and I watched it grow till it hit 13k, at that moment I had made over x5 of what I invested, I thought of withdrawing and then I was hoping it was going to 20k based on the speculations and predictions by some so called experts, shortly after then bitcoin started going down and until this moment, I am still waiting. This is just like gambling but safer because I know my I would definitely get back my money no matter how long it takes.
Anyone with enough data could predict things alittle bit in crypto market. This is not possible with typical (luck-based) gambling.
You could even predict the worst coin if you have sufficient data on the coin.
The problem with crypto trading is that we trade to many coins and don't specialize in few. If we could pick one or two coins and understand enough things that make them go up or down we could comfortably predict their prices
It is indeed gambling but compared to gambling, time is your enemy, you have no idea when are the coins that you are hodling will reach their all-time high, and every day you have to follow the market and how your portfolios react, one thing that you need to study or to plan is when is the right to sell your coin.
It’s completely different, the only thing that would make it a bit looking similar is the fact they both involve risk but aside that, they are not the same at all.Gambling is purely a game of luck and full of uncertainty while crypto holding is just a mini risky investment and anything investment is and will always be safer compared to gambling. The only reason some people compare gambling and crypto holding is because they are both unpredictable but still we all know that money I kept in bitcoin will never get exhausted no matter how down the market might go, it could go down and the next minute bull run but in gambling, once the money is gone, it can never be recovered.
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
Every investment is a gambling but in stock investment we have data to analyse the market if huge so we can do better predictions compared to the cryptos which was pretty new with stocks.If the price of cryptos reaches some stable region price then it maybe used for the right intention as means of payment rather than to be considered as gambling.Maybe with market evolving and growing, the times of gambling will end, and we will be something like stocks market
Keeping the cryptos as form of gambling will hurt the market at some stage and people might move around due to losses for this investment.
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.
This is good strategy and gamblers should share their own important points of gambling with other gamblers. Crypto and gambling both are not the same both have different qualities. We can gamble with crypto but storing crypto in form of gambling is not correct imagination but one thing that we can earn allot of crypto by 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.
It can be considered as gambling since when you hodling your crypto you may lose profit or earn profit just like playing gambling in casino sites. If you have weak hands in hodling then there is a chance that you won't earn profit and it is risky. When there is risk in doing something related in money is considered as gambling.
For me, yes you might consider crypto holding as a form of gambling, holding your crypto and waiting to a much sufficient amount is like playing poker if you are a safe player and waiting to a great card to make sure the money it's like trading or holding. But the game is much different like in gambling, holding your cryptocurrency has a different risk, you can't tell what time will be the most profitable moment and also its difficult to predict if the price will increase or decrease unlike in gambling that if you hit the jackpot/ win you will know that amount that you have won.
As long as they are both full of uncertainty then they can be referred to as gambling just that one is still better than another which is normal even with other gambling’s because some people believe sports is safer to play than poker and so on but I personally see crypto holding as another form of gambling, since one can never tell what happens the next seconds I bought btc when is was far below 13k plus and I watched it grow till it hit 13k, at that moment I had made over x5 of what I invested, I thought of withdrawing and then I was hoping it was going to 20k based on the speculations and predictions by some so called experts, shortly after then bitcoin started going down and until this moment, I am still waiting. This is just like gambling but safer because I know my I would definitely get back my money no matter how long it takes.
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.
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'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.
Somehow it can really be compared from gambling. Like on my case I am a hodler since I learned about bitcoin and only spend some of them when I really need to. It isn't that much but I depend my future to it that it will help me to have my own business and quit my office job. The risk is lower if you hodl a crypto that has really a potential in the future but if you hodl those called shitcoins then don't expect that it will give you profit.
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
Even if the market evolving and growing, it will not stop gambling to grow too. People will still like to gamble because they know that gambling can make their life better. But that is not the gambling in the games, but gambling with something else out of the gambling games.
The gambling games itself will still exist for a long time. People are like to spend their money to get fun in another thing. So they will come to online gambling or offline gambling to play the games.
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
I also experienced the wrong time of selling and buying a coin, hodling can be considered gambling, because you have little idea or no idea if the coin you are holding will have a chance in the market, I have some coins that I hodl that I thought will have a good potential in the market, and I end up one of the last hodlers to sell those coins.
Another thread where investing is mixed with gambling. Investments are not gambling because with gambling you can lose everything. Buying bitcoin will never result in a 100% loss and does not depend on luck which makes it very different from gambling.
Gambling is very similar to trading with leverage because it also can end with a total loss.
I have to agree with you because gambling is different than investing gambling may drain your entire bankroll if you keep on losing. Investing is a different story since you are about to hold then sell later and you will have the chance to choose what price you want to sell it. Gambling is very similar to trading with leverage because it also can end with a total loss.
Another thread where investing is mixed with gambling. Investments are not gambling because with gambling you can lose everything. Buying bitcoin will never result in a 100% loss and does not depend on luck which makes it very different from gambling.
Gambling is very similar to trading with leverage because it also can end with a total loss.
Gambling is very similar to trading with leverage because it also can end with a total loss.
The comments appear to be split between those who are of the opinion that cryptocurrency hodling is gambling and those who think it isn't.
In concept, any venture where you do not wield sufficient control over the outcome is a sort of gamble. As you are not certain of the result. But this would classify any financial investment as a gamble, which it is in a way.
But the absence of odds and bookmakers and a wager or stake, make it white different from a conventional gambling concept.
I would say not, it is a gamble but not a form of gambling.
You are right. We never have full control over crypto bringing this into a way of gambling. But some people had never clearly understand this cause they only know that gambling is just by putting bets. The same thing that it happens to holding either we end up losing or gaining. In concept, any venture where you do not wield sufficient control over the outcome is a sort of gamble. As you are not certain of the result. But this would classify any financial investment as a gamble, which it is in a way.
But the absence of odds and bookmakers and a wager or stake, make it white different from a conventional gambling concept.
I would say not, it is a gamble but not a form of gambling.
You're not alone on this, people are expecting for a big rebound but unfortunately, it did not come, now people are still waiting for another all-time high that should have come but it's not coming, part of being a good investor is to know when to buy and also when to sell your coin, timing is indeed everything.
You are right there should be fair and positive hopes about things related to crypto. Websites are now working in trend in different ways but only fair and good people can give you positive result at the end. Just be confident and don't try every new websites just stay with the only you trust the most and enjoy holding and gambling both. Jump to: