Difference between crypto gamblers - regular gamblers - page 4.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

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Nah. It's probably because most of the people you've been with or have seen with gambling are the ones who fall for the tricks. Not to mention that comparing crypto gamblers to gamblers can be rather different since crypto is relatively young compared to gambling itself. Add to that how the "deceptive" tricks of casinos are basically the same as crypto casino tricks, there's really not much to compare here. I guess crypto casinos required crypto gamblers to just have that additional layer of knowledge, but let's be real, the majority probably don't even know how it actually works. They just know the knowledge itself.

As for the privacy part, to be fair, most crypto casinos are actually KYC-enabled. I don't think it matters that much when comparing the two really.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

I think since most crypto individuals were once fiat gamblers, they have the attitude of fiats gamblers and an addition of those of crypto gamblers which make it very worse. Most crypto gamblers I know of don't care if they lose because they're not attached to the coins they're using to gambler. Crypto gamblers are already used to risk of losing their money as they get same feelings from the volatility the market has therefore they consider gambling in the same way, they gamble more than fiats gambling.

Crypto gambling is very easy to do and it's becoming more popular, crypto gamblers would find it more easy to continue gambling as deposit are fast and withdrawal are instant. Most fiat gambler still prefers traditional gambling with casino but crypto gamblers can only do that with their electronic devices. Crypto gambling is till very new both the rate of addicted individuals are increasing and that's because of the convenience that crypto gambling has.

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I think there is no big difference between crypto and normal gambling except the payment method. But definitely crypto has some advantages that fiat money doesn't. A crypto user can easily deposit and withdraw in gambling from anywhere in the world but in fiat money deposit a gambler cannot deposit without a currency mentioned one. KYC is mandatory on any fiat supported gambling platform. Without KYC they cannot withdraw. But even if a crypto platform is said to be kyc mandatory but not for all, there can be deposits and withdrawals, though not all sites may be able to provide relatively good support to crypto gamblers, which is not available for fiat gamblers.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

- In my view, the type of gambling, whether it's online or traditional, fundamentally requires gambling and analytical skills as a prerequisite. The key distinction lies in the fact that for online gambling, you also need to be adept at handling online transactions and navigating websites. However, the ability to execute these tasks doesn't necessarily correlate with the wisdom of the decisions you make.
- The essence of successful gambling is rooted in understanding the games, probabilities, and managing risks. It's about making informed decisions, knowing when to take calculated chances, and having a keen sense of when to walk away. This holds true for both online and traditional gambling.
- So, irrespective of the platform you choose, be it a digital casino or a brick-and-mortar one, the foundation of gambling competence remains consistent. Ultimately, it's your decision-making prowess, discipline, and ability to assess the odds that determine whether you'll succeed or fall short in the world of gambling.

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Quote from: ralle14 on November 03, 2023, 08:11:42 PM

Quote from: maydna on November 03, 2023, 05:41:43 PM

I think it's the same between crypto gamblers and fiat gamblers. The name may be different, but it's the same.

I agree we can't gauge the difference between the two except for the deposit and withdrawal method. I don't spend much time observing other fiat gamblers, but I still see a lot of crypto gamblers who fall for these bonuses and then post a complaint or accusation later on. I think OP is giving more credit to us crypto gamblers when we're not that different from fiat gamblers overall.

Actually, there are several differences in the attitude and character of each gambler in these two groups, but now many crypto gamblers are also still playing fiat gambling so it will be more difficult to observe any differences.
However, if we talk about bonuses it is actually just casino promotion that makes gamblers more curious and try to get every available bonus, and it is normal that many gamblers still like bonuses.
This is not very striking difference.

Quote

I also see a good bunch of them who make helpful guides, templates, and other stuff that helps new gamblers.

So that the difference that we are here to help each other and provide advice and advice to other gamblers, in contrast to fiat gamblers in traditional casinos where on average there are gamblers who compete with other gamblers.

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This is like saying that crypto gamblers are special. I think we aren't. Although we probably have the tendency to think highly of ourselves, that we are a different breed of gamblers, that we are highly aware, but I don't necessarily agree. In fact, if we come to think of it, we're like fooling ourselves actually. We know that there's a house edge, we know that the casinos are the ones that will become rich, we know that in gambling we're losing more than winning, and yet we continue to gamble. Other people might actually laugh at us.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

It depends on how they manage the money, sometimes the crypto gambler is even more wasteful than a regular gambler because they can easily deposit it using crypto where the website doesn't use the KYC. While the regular member must have cash, visa or any card which is quite complicated to deposit. but again this depends on the person, Managing the crypto is easy because we have our own wallet which we can do anything with that. but sometimes, the casino trick is more powerful to bring use deposits when they have a good program, This can't be avoided even for crypto or regular member.

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Quote from: maydna on November 03, 2023, 05:41:43 PM

I think it's the same between crypto gamblers and fiat gamblers. The name may be different, but it's the same.

I agree we can't gauge the difference between the two except for the deposit and withdrawal method. I don't spend much time observing other fiat gamblers, but I still see a lot of crypto gamblers who fall for these bonuses and then post a complaint or accusation later on. I think OP is giving more credit to us crypto gamblers when we're not that different from fiat gamblers overall. I also see a good bunch of them who make helpful guides, templates, and other stuff that helps new gamblers.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Throughout my years using cryptocurrency I've noticed that there are some differences between people that use crypto and those that might not. People using crypto are usually more aware of little details, they seek out to have more privacy and better sources of information. So that followed suit when it came for crypto to meet gambling as well.

It was crypto casinos that popularized the notion of provably fair gambling, and now the world had access to a technology that could undeniably prove the randomness of each bet. Regular online casinos to this day avoid using this technology, and gamblers that are not aware of crypto's perks rarely ever inquire about it. This is yet another good example of a difference between crypto gamblers and regular gamblers.

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

There's not much difference between regular online casinos and crypto online casinos as there's platform who offer the same services or even better from regular to crypto casino or vice versa.
As per the gambler itself, it varies to each gamblers as there are some who are more strategic when it comes to fiat as they deal with higher number of money compared to crypto such as bitcoin where you only gamble decimal amount. But still, both gamblers can be manipulated or tricked by bonuses, get addicted and even lose control with their bets. The only main difference is what you're gambling on where regular use fiat and crypto uses crypto but for me, it's much more riskier with crypto gambling as not only that you're gambling with your coins but also the market can change for that coin and change the value you'll have. For example, you may double the bankroll of your crypto and the market drops, instead on having twice the value, you may even have lower value from what the value you've started afterwards.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Throughout my years using cryptocurrency I've noticed that there are some differences between people that use crypto and those that might not. People using crypto are usually more aware of little details, they seek out to have more privacy and better sources of information. So that followed suit when it came for crypto to meet gambling as well.

It was crypto casinos that popularized the notion of provably fair gambling, and now the world had access to a technology that could undeniably prove the randomness of each bet. Regular online casinos to this day avoid using this technology, and gamblers that are not aware of crypto's perks rarely ever inquire about it. This is yet another good example of a difference between crypto gamblers and regular gamblers.

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

Their are two types of gambling sites,online gambling which based on the fiat and the cryptocurrency.The gambling site based on the fiat was not the popular one before,because the complication of the deposit of the money from the bank to your gambling sites.This was the major cause of the more crypto gambler as compared to the normal gambler.The normal gamblers sometime choose the offline gambling for the deposit problem with the bank.But the crypto based gamblers doesn’t get any deposit issue because the transaction was made using the cryptocurrency.The withdraw limit for the crypto based gambling sites doesn’t had any limit.

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I think it's the same between crypto gamblers and fiat gamblers. The name may be different, but it's the same. We may feel it is different and think we are more thorough than fiat gamblers. But fiat gamblers can also feel that they are more conscientious than we are. But fiat gamblers can easily be tempted by offers from casinos they see on social media or other sites, whereas we will look for the offers we want. Well, whatever it is, each gambler will feel that they are more careful, and that is true because by being more careful in gambling, we are responsible for playing gambling.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Throughout my years using cryptocurrency I've noticed that there are some differences between people that use crypto and those that might not. People using crypto are usually more aware of little details, they seek out to have more privacy and better sources of information. So that followed suit when it came for crypto to meet gambling as well.

It was crypto casinos that popularized the notion of provably fair gambling, and now the world had access to a technology that could undeniably prove the randomness of each bet. Regular online casinos to this day avoid using this technology, and gamblers that are not aware of crypto's perks rarely ever inquire about it. This is yet another good example of a difference between crypto gamblers and regular gamblers.

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

In as much as I think there is more to privacy when you gamble with crypto, I don't think there is much privacy people have in gambling with crypto because what is the use of crypto and then you were asked to do KYC, is there any privacy left in that to be protected? I don't think so except for the casinos that doesn't request for KYC but we have just few of them that have good games.

Another logicalreason I think people gamble with crypto is because they want to avoid taxes. When a regular based gambler played with fiats, they deposit and withdraws through fiats and in some countries, you pay taxes from this games that you win but with crypto especially when you are not ready to convert to fiat, they keep their profit in crypto.

The last but not the least, some people don't like to leave their money in fiat because they don't appreciate, they rather lose value due to inflation but with bitcoin for example, you can keep compiling more bitcoin in profit and when the market moves, they gain more instead of fiat that will remain domant without appreciating in value.

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Probably the biggest difference between FIAT gamblers and Cryptocurrency gamblers is the fact those who use Bitcoin and other cryptocurrencies is that the latter are more instructed and aware on the usage of private and public cryptographic keys, on the other hand, the FIAT gamblers do not how to manage those keys and completely focus on the management on his assets through third parties.

Some many argue that if a gambler signs up on an online casino and deposits their wager in USDT, then that person is not actually gambling FIAT and I would agree; because there is no bank account involved and still that token can be withdrawn to a non-custodial wallet, away from the control of traditional banking institutions.
If we talk about behavior, I would not dare to speculate if FIAT and Crypto gamblers are different, I have no idea.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

Crypto gamblers focused on cryptocurrency to stake on. Winnings shape the mindset; they chart the course for determining earnings. Crypto gamblers are more efficient knowledgeable and determined to make critical system decisions. They are also often in advantageous positions to reap benefits from the system. Crypto and regular gamblers are all longing for the same thing: massive fortunes from the system. It is difficult to stimulate the distinctions between these categories. Regular gamblers are primarily concerned with its substantial gains they will be able to generate.

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Quote from: alani123 on November 03, 2023, 07:48:44 AM

Overall I think that crypto gamblers are more likely to make more educated decisions with how they handle their money overall, while regular gamblers will be easily tricked by old tricks such as deceptive bonuses in casinos and similar tricks and regular gamblers will also more easily fall victim to their own psychological tricks such as being carried away and try to bet more to win your losses etc. What are your thoughts? Have you experienced something similar?

You mean regular gamblers who aren't into crypto gambling? If that's what you mean, then I think what they might not be aware of is the complete privacy we can enjoy when using a crypto casino. As for the bonuses and promotions, they're pretty much the same. How we handle ourselves in gambling still depends on how responsible we are, as there are addicted crypto gamblers and responsible gamblers too. After all, we are all human, so the platform we use for gambling doesn't have a big impact on how we behave when we gamble.

Another thing is that crypto gamblers are often high-risk takers. The fact that we use crypto to gamble means that we understand the risks involved, given the high volatility of crypto, which can change its value at any time. So, we're pretty good at managing risk if we're responsible gamblers.

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I don't see a huge difference between crypto casinos and regular gamblers who use fiat casinos. When it comes to games, if blockchain is involved, fiat casinos can't compete. However, the biggest games in the crypto gambling industry still come from sports betting, if I'm not mistaken. They offer the same types of games as fiat casinos, but the difference is that in crypto casinos, we can maintain our privacy as they don't require gamblers to comply with KYC directly. They also allow gamblers from countries that are banned by fiat casinos. So when it comes to convenience, I'd choose crypto casinos. However, in terms of security, I think fiat casinos have the upper hand.

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Crypto gambling is the new meta because it is easy to access because it is online, and crypt currency is also well known to others. Especially investors. Well, traditional gambling is still popular these days, as many people are still fans of physical gambling games as they are more fun and entertaining, especially for the elderly. Mainly, one of the main differences between crypto gambling and regular gambling is that regular gambling is for gamblers who like engagement with other people, or socialising, in short. While crypto gambling is easier to access with just a device, it is suitable for gamblers who don't have social skills or are introverts, and of course, it is more popular among young people. Still, even though they have differences, gambling is gambling, and gambling is a form of entertainment with money involved, while it has its good side, as we know both of them can cause addiction.

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Majority of gamblers do it with fiat as it is more convenient and of course requires from little to no technical skills to get into it. Crypto gamblers I think just want privacy and of course the ability to have much more advance ideas most specially in taking risks than fiat based gambling. Crypto gambling here in my country is not common that is why anyone who has plans to jump-in must do their own due diligence. Fiat or regular gamblers are reckless and then they always ends up so badly due to the fact that they sometimes don't anticipate or need to have technical ideas about the platform or a specific betting.

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Quote from: TopTort777 on November 03, 2023, 07:58:22 AM

Quote from: alani123 on November 03, 2023, 07:48:44 AM

Throughout my years using cryptocurrency I've noticed that there are some differences between people that use crypto and those that might not. People using crypto are usually more aware of little details

I have noticed opposite difference. People who gamble with crypto are more careless than people who gamble with fiat. And I think I have an explanation for that. Crypto gamblers are under influence "easy come easy go". All people who gamble, convert unintentionally their bets with their national currency and salary. So their 1 dollar bet always be equal to 1 dollar. People who bet crypto care less on an outcome because, lets say the difference in currency prices in the past and todays price let them feel more free. For example a guy who has bought 1 BTC when the price was 5k, will easily place a 0.1 BTC bet when Bitcoin price is 69k, because he will still have 62k worth asset. But the guy who will make a 6900 bucks worth bet will think twice before doing it.

Most countries in the world have a much lower value of money than the dollar, so when a gambler gambles with crypto, everything is done in dollars. And that's why the dollar amount is less compared to his country's money, no one hesitates to spend lakhs of his country's money with dollars but when they gamble using their own fiat money, they think twice about spending 10k in local money. When someone gambles using fiat money, he has a risk of being held accountable for overtransitions according to the country's laws, but gambling with crypto does not have this fear.

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The difference is that crypto gamblers are also crypto traders while the gamblers using fiat are pure gamblers. Most of those guys have been gambling for more than 10 years, long before crypto was created, they were already betting on casinos and sports.

Crypto gamblers most if not all only learned to gamble because cryptocurrency projects are trying to find ways for the utility of the tokens/coins thus the introduction of crypto casinos.

Topic: Difference between crypto gamblers - regular gamblers - page 4. (Read 540 times)