Topic: Crypto Trading or Online betting? 2k Usd budget. - page 15. (Read 19842 times)
Between the two choices I suggest you pick trading. In gambling/betting, you don't have assurance of winning no matter what strategy you have, you wouldn't know your luck there. But in trading you cane earn day by day jusy learn the movement of th crypto then you will have sire earnings even in a little amount.
I think you should join the commercial crypto because it will help you get better returns if you understand the market and grasp its volatility. Gambling is a lucky game, and if you have been thinking about long-term investment then you can not gamble. Consider and choose your long-term direction in the cryptocurrency market.
The answer is easy and depends of yours perspectives:
For short term, gambling. Maybe you'll lose even in short term, but it doesn't require any knowledge, you don't have to spare time to learn and understand cryptocurrencies mecanisms, everything is about luck. Never trust sellers who claims "strategy to win on the betting game!"... In fact, bitcoin gambling game are more fair than real life casinos.
For long term, of course you'll gain more with crypto trading. It's really easy to x2, x3, x5 if you are patient and acquire some experience. I saw a post about day-trading, yes you can win a lot with day-trading (even 2%/day is a very good profit), but I don't recommand that if you're a newcommer because it's the best way to lose practically like gambling if you don't have any knowledge. Take your time, and read the forum to start your story.
PS: For your 2k USD, you can bet 200 USD, who knows, maybe you'll gain 2 other K!
For short term, gambling. Maybe you'll lose even in short term, but it doesn't require any knowledge, you don't have to spare time to learn and understand cryptocurrencies mecanisms, everything is about luck. Never trust sellers who claims "strategy to win on the betting game!"... In fact, bitcoin gambling game are more fair than real life casinos.
For long term, of course you'll gain more with crypto trading. It's really easy to x2, x3, x5 if you are patient and acquire some experience. I saw a post about day-trading, yes you can win a lot with day-trading (even 2%/day is a very good profit), but I don't recommand that if you're a newcommer because it's the best way to lose practically like gambling if you don't have any knowledge. Take your time, and read the forum to start your story.
PS: For your 2k USD, you can bet 200 USD, who knows, maybe you'll gain 2 other K!
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
With betting you are bound to lose your money because you don't have any control over your chances of winning even if you play a 1000 games, it is all just luck, so i suggest you stay away from it, cryptocurrency on the other hand, is more profitable, tow you are the one who control wether you win or lose, your decision making is the only thing that gets the money here not luck, and even if you mess up you can always walk away with your money, unlike betting, when you lose you walk away empty handed. Which is more profitable in the long run, Crypto trading or online betting ?
You are right in one thing: trading (shortterm) and betting are similar activities. But there is also a big difference:
On betting you will loose on long run. Why? Let's take the dice game. If it would be without house edge, our chance to win would be 50% to win. On longrun you would not win or loose. But you have to calculate the house edge, that is between around 1% to 3%. So your chance to win is only 47% to 49%. The best chance on betting would be to bet on games with strategy elements like multihand blackjack, poker or sports betting. But you only can lower the house edge.
Trading on cryptocurrencies (not on brokers) doesn't imply a secure loss, because you buy the cryptos and have them in your pocket. Cryptocurrencies , although we have a drop right now, still tend to go upward because of growing popularity. If you don't waste your funds on daytrading (just try that with very little funds f.e. 10$) you can gain big profits. Build up a solid portfolio with the majority of your funds with well established cryptocurrencies like BTC, Monero, Ethereum, Bitcoin Cash and Dash and invest around 25% into serious ICOs. Make a deep research. The best would be to find projects, that connect traditional services/trades/shops with crypto technologies.
On betting you will loose on long run. Why? Let's take the dice game. If it would be without house edge, our chance to win would be 50% to win. On longrun you would not win or loose. But you have to calculate the house edge, that is between around 1% to 3%. So your chance to win is only 47% to 49%. The best chance on betting would be to bet on games with strategy elements like multihand blackjack, poker or sports betting. But you only can lower the house edge.
Trading on cryptocurrencies (not on brokers) doesn't imply a secure loss, because you buy the cryptos and have them in your pocket. Cryptocurrencies , although we have a drop right now, still tend to go upward because of growing popularity. If you don't waste your funds on daytrading (just try that with very little funds f.e. 10$) you can gain big profits. Build up a solid portfolio with the majority of your funds with well established cryptocurrencies like BTC, Monero, Ethereum, Bitcoin Cash and Dash and invest around 25% into serious ICOs. Make a deep research. The best would be to find projects, that connect traditional services/trades/shops with crypto technologies.
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
Both things are entirely different when you do talk for profits on longer runs which gambling or online betting isnt really an option because instead of making money or profits you would eventually lose up even more. 2k usd budget would really already enough for you to start on crypto trading which it is much a better way of risking money on that kind of investment than on putting it into gambling. Which is more profitable in the long run, Crypto trading or online betting ?
Daily trading may bring much more profit than any other option now. After you have learn crypto trading, you can double your money every month.
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
Which is more profitable in the long run, Crypto trading or online betting ?
There is no betting strategy that make you profits. The house gets the edge, so the odds are always against you.
Your best chance of making money is to invest in one of the top 20 coins in terms of market cap. Better yet, diversify and buy several of those. I would stay away from Bitcoin Gold and Etherium Classic and maybe Zcash, but most of the rest of the coins in the top 20 could show some good profit in the next year.
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
I would choose trading, not that risky, you can have your own strategy and not lose a lot while starting. Betting is ok if you have a lot of money and you feel like give it a try, but the chances to derive a benefit are much less. Use Binance and CEX.io trading platforms as you begin, they're trusted and have low fees. Which is more profitable in the long run, Crypto trading or online betting ?
If you don't know anything about trading, you cannot hope to make any profit, it requires a minimum of knowledge and time investment. But if you take time, it's a better option.
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
I don't think online betting should be part of choices if you are pertaining for a profitable activity because it is consider to be gambling and as you know gambling is a 50:50 chance of either win or lose so if you are looking for a profitable stuff better do crypto trading and investment, at least you could have a higher chance to earn especially if it is for long term holding. Which is more profitable in the long run, Crypto trading or online betting ?
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
Which is more profitable in the long run, Crypto trading or online betting ?
Now you can do both at the same time
https://bitcointalksearch.org/topic/m.29370100
both of them require speculation, accuracy, and prediction. you should think about the advantages and disadvantages in determining your choice
Well considering that online betting is often on 'rigged through coding' servers, you should probably go with trading.
all the popular trading sites that I have seen so far have a "provably fair" system implemented which is also audited by those who understand it and if they pull anything it will become public so fast. so I doubt that there are many "rigged" gambling sites that can stay alive for long.
besides they don't need to rig it! there is a house edge which helps the house to always win and also the gamblers mentality which means the gamblers will lose in the long time and there are lots of them.
I am sure that trading can be better than betting especially in the long run. Gambling is good if you are the operator or somehow connected with the program and not as a bettor...the odds will always be against you or you may win some money in the next few days or weeks but eventually time will come when the program will have a good revenge on you...this is how many gambling programs are designed -- designed to make money for themselves and you are the source of that money. Learn more on many things in trading so you can develop your own techniques and strategies suited to your capacity and skills. And always have patience.
Betting is game of luck so don't like it. If i have $2k, half for holding some good coin, top 20 on coinmarketcap, and half for trading.
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
Which is more profitable in the long run, Crypto trading or online betting ?
Don't go with online betting - the trading contracts usually expire within 3 or 6 months, and cryptocurrency trading sometimes requires a longer horizon.
Make an account at an alt exchange like livecoin, and only trade coins you actually have (don't bother with margin trading/borrowing). When you have a long horizon, it gives you an opportunity to either accumulate low and then play the long game waiting for a pump, or to trade quickly and take profits. You have more flexibility with normal crypto trading.
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
Well,Online betting is more profitable but the losing percentage in gambling is 80% so be ready for lose your investment at any time.In trading you can make money only if you have trading skills or else you will lose the money in trading too.But gambling is the most profitable between these two. Which is more profitable in the long run, Crypto trading or online betting ?
Newbee here. Please guide me.
Which is more profitable in the long run, Crypto trading or online betting ?
Which is more profitable in the long run, Crypto trading or online betting ?
In a way, they're both gambling. However, it just makes a lot more sense to stick with crypto trading because there's a lot more that you can do with crypto trading in comparison to betting. With betting, you have the chance to lose a lot of your money, especially in the early stages if you make a bad guess. With crypto markets, you can research an ICO or coin and predict what the coin will be at in the near future. You can act off that and split your money across multiple coins. Overall, that's why I think crypto trading beats out online betting.
With betting you're pretty restricted in comparison to the many options and diversification you can get out of online crypto trading. Make sure to keep this in mind when you choose what to do.
If it's long-term, Crypto Trading is the chooice. With trading you can analyze the profit in accordance with what you expect. But keep in mind! Do not get carried away when trading or betting or you will lose. If you want to bet you must have a strong mentality to not be disappointed with the results obtained.
Jump to: