Topic: Do You think ICO Investing Is Worse Than Online Gambling - page 2. (Read 4199 times)
Taking into account the nature of ICOs I can say both look likely the same; in ICO you don't know what will become of the project as there will be a good public sale success and the team will come up with baseless reasons not to list, exit scam or use the working on our product reason to delay listing. To make it worst, they might even list in an exchange not worth it, which in all cases leaves investors with little or no gain. This is sadly the nature of majority of ICOs with few being the good ones now makes it look like gambling. On the other hand, in online gambling there is no sure way to success other than trying your luck. Thus my reason for saying both look alike.
Both are the same, there is no guarantee to win or earn money. It should depend on how you do it, I mean about your strategy and experience.
If you are an experienced crypto investor, you must know how to gain profits from ICOs. And for now, I think experienced crypto investors will prefer to choose IEOs. Regarding online gambling, only experienced gamblers know well how to win. Don't think all people can win easily as you said.
If you are an experienced crypto investor, you must know how to gain profits from ICOs. And for now, I think experienced crypto investors will prefer to choose IEOs. Regarding online gambling, only experienced gamblers know well how to win. Don't think all people can win easily as you said.
You can still control your asset on ICO to avoid a loose capital but in gamble the risk how much money you used to gamble. If you lose doing a gamble your money will be gone, its really different with ICO/IEO went we will still have the asset but only losing the value. Also, gambling using your own psychology & mentality you can get a gambling problem if you lose because you want to recover the lose by doing another gambling.
Not. however ICO investing I feel is better, with a note of in-depth analysis. If you don't do the analysis, it's the same as gambling that only relies on luck, right? This also depends on the principle of each, although gambling may be more promising, there are certain limitations on the principle of each person who makes it a limit for not gambling.
This can be seen in different ways, if you approach an investor who has been scammed severally by fraudulent ICOs or ICOs which didn't return any value, he will say it is worst than Online gambling. On the other hand, if you meet a gambler who has lost huge he will say it's gambling. In my own opinion, ICO investing comes with huge risks with little chance of success while being exposed to different treatments from the team while online gambling, although filled with its risk but you will actually have a say over your funds thus every loss or win is based on you.
Not quite the right comparison. Gambling is pure luck. There are no strategies, everything is built on whether you are lucky or not. ICO is different. Of course this is also a lottery, in a sense, but here you can apply your knowledge and among the many projects to choose the most promising.
Considering the two, as in investing in an ICO and gambling, both demands use of money to invest and both can drain you off your lifetime investment but one thing which stands tall among it all is when you invest in proper ICOs. Investing in proper ICOs is a sure must to gain even if it takes 7months but with gambling, you can lose everything in a matter of seconds. Proper ICO investing is never worse than online gambling.
I will not equate both but however, looks like online gambling is fair as compared to ICO investing. In ICO investing, you are certainly at the mercy of the developers, some will scam, some will make excuses not to list, some will even list and the price will dump miserably; only few have proved to worth it and when found pays well. While in online gambling, you are in control thus if you are good gambler, you might win and vice versa.
Online gamblings that have been integrated on the blockchain are gradually becoming popular. Coming across gambling programs that are licensed have given investors more confidence. Some seem to be have been registered in the country where is operating from, which makes it legit. ICOs most times do not have such backup.
It is true, but it is part of the game: a general rule of any gambling game is that the higher the chance of gain, the higher the risk.
With ICOs, the risk is very high, however - if the right one is found - even the profit is.
Take it or leave it.
With ICOs, the risk is very high, however - if the right one is found - even the profit is.
Take it or leave it.
If you asked this same question 1 year earlier I would say investing in icos are the most foolish mistake anyone can do. But now a days icos or ieos market is doing great not all ieos give profit. But atleast at this moment we see some positive thinking about icos. So if you invest in ieos at this time then its fine. If You just have to put your money in ieos then its fine now.
If one is gambling or want to gamble, it should be a pure one and you should know you are gambling on the right path and in a legit gambling site. However, ICO has looked more like gambling, because most of them are scam. You just put in your money with the mindset that, if it works fine and if it does not fine.
I do not gamble, but I will prefer gambling over ICO. Well, it is good it has now been replaced with IEO.
I do not gamble, but I will prefer gambling over ICO. Well, it is good it has now been replaced with IEO.
I think it depend on the situation, sometime invest on ICO more profitable than you working hard in a year, sometime its better to playing a dice to get at least 10% profit from our funds. If you can identify good ICO, that can give you big income for you and you'll never go to an online gambling site.
Just learn more to know about ICO, trading crypto and anything else related cryptocurrency.
Just learn more to know about ICO, trading crypto and anything else related cryptocurrency.
Yeah, ICO investing now is much worse than gambling. On gambling, there is a chance to win, but when you invest in ICOs, you wait..wait..wait, hope and wait...and get your money 1/10 and get angry. Waste of time and patience, hopes are gone.. I would not participate in any IEO other than Binance or kucoin.
- ICO have become an outdated path at this point when the general trend is no longer accepting this method when it is too risky and dangerous, besides, the development of IEO has become a threat that is too great for ICO, that has gradually pushed ICO into a bad investment and lack of investors. Compared to gambling, ICO may have been worse when at least gambling gave us the opportunity to win and lose immediately, ICO only provide a feeling of waiting, sometimes tired and just losing, very inhibiting if we are an investor
Do not compare investing with gambling. Yes, of course, the market is complex. But they always earn on it those people who know where they are investing and what they are doing. The profit of investors is much higher than your casino. Moreover, you don’t know that the casino always plays +. I think investing in cryptocurrency still remains relevant thanks to IEO.
Yeah, ICO investing now is much worse than gambling. On gambling, there is a chance to win, but when you invest in ICOs, you wait..wait..wait, hope and wait...and get your money 1/10 and get angry. Waste of time and patience, hopes are gone.. I would not participate in any IEO other than Binance or kucoin.
You have made a good point. If I wanted to gamble, at least I would do so with the mindset that its a 50/50 chance of me losing my money. But for ICOs, I have it in mind that I am making a calculated risk to invest but it is rather unfortunate that the chances of losing the money with ICOs is 70/30. Then when you factor in all the time wasted, waiting for the coin to list on exchange or to rise in price, you realize it just might not be worth it and gambling might be a better alternative
Yeah, ICO investing now is much worse than gambling. On gambling, there is a chance to win, but when you invest in ICOs, you wait..wait..wait, hope and wait...and get your money 1/10 and get angry. Waste of time and patience, hopes are gone.. I would not participate in any IEO other than Binance or kucoin.
Do You think ICO Investing Is Worse Than Online Gambling? what do you think
On ICO investing you will have to wait for several months like 3 to 10 months before the ICO is finished and you'll wait to 2 to 3 months more to get the coin in the market and there's no guaranty that you will make a profit, majority of the coins coming from ICO are down 50 to 90% and that was over a year of waiting.
on online gambling, if you play your cards right like when you have control on when to stopped and you have built a strategy, you can win over and over again and you can withdraw your gains immediately
On ICO investing you will have to wait for several months like 3 to 10 months before the ICO is finished and you'll wait to 2 to 3 months more to get the coin in the market and there's no guaranty that you will make a profit, majority of the coins coming from ICO are down 50 to 90% and that was over a year of waiting.
on online gambling, if you play your cards right like when you have control on when to stopped and you have built a strategy, you can win over and over again and you can withdraw your gains immediately
Blindly investing in an ICO is surely bad than online gambling. Online gambling is luck and most of them are provably fair. If you have a good amount, you could martingale it for quite a time and have fun winning or losing. ICO on the other hand would be a mundane way to lose your money if you haven't researched well. But a good studied investment would be safer and more rewarding than any form of online gambling.
If we investing on scam cryptocurrency project then yes, it will be worse than gambling.
In gambling, you have a chance to win some profit but the chance is 0% to get profit in investing scam ICO.
We can get the conclusion that we need to know the legitimacy of the ICO before investing.
In gambling, you have a chance to win some profit but the chance is 0% to get profit in investing scam ICO.
We can get the conclusion that we need to know the legitimacy of the ICO before investing.
It stopped being gambling if, you extend yourself in searching if the project is real, you extend by meeting the developers personally, visiting their office checking if they are compliant and be part of their beta test, and most importantly in promoting their projects, it's like guaranteeing your success and their success.
Depends on which ICO we are talking about now. Some ICO (or IEO) promising great future. But it is so hard to find it good one.
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