Topic: Gambling is more important for crypto users? - page 2. (Read 1156 times)

You don't need to gamble if you don't have the money because money is a basic requirement for gambling.

However, you can still earn money from gambling without risking your own funds. One way to do this is by becoming an affiliate marketer and promoting gambling sites, earning commissions when new gamblers sign up through your affiliate link.

Many people make decent money from affiliate marketing, particularly those who have influential social media accounts or other avenues of promotion. In this field, the outcome and earning potential matter, and as long as you're earning, you can consider yourself successful. Perhaps over time, you may accumulate enough money to participate in gambling if you choose to do so.

Cryptocurrency investment can also take your balance from millions of dollars to zero if you're not careful and mindful of what you're investing in. if you're investing in only memecoins because they are been hyped, you'll be disappointed when they all lose their high prices

Cryptocurrency investment can be considered gambling as well when investors are throwing money around putting it in any NFT they see becoming popular or tokens been pumped, cryptocurency user just love gambling with their coins as we're getting more crypto casinos.

They do this because coins aren't been used for other things as you can hardly use any other coins that isn't bitcoin for payment, and investors are left to gamble with the coins since that's the only utility that the coins has at the moment and people already enjoy gambling.

Understanding gambling is actually very easy, but to be able to understand how gambling works is not as easy as playing dice like you said because there are many factors that affect the final outcome of gambling.
But for several ways to generate crypto, from what you mentioned, I agree with everything, it's just that here the OP stated that he wanted to take advantage of gambling to be able to rotate his assets and the thought of gambling has clearly been questioned by the OP.

If you believe that gambling needs a strategy and discipline, then why won't you believe that it requires a hard work when both of them defines it? If you play randomly straight away, that makes gambling effortless. You didn't put hard work there.

The only difference is that no matter how hard the effort you put in, winning won't still come at 100 percent rate, so you're right that it's better to exert it on something that is more guaranteed such as working on a real job. Sometimes that is how gambling works, where you need to feed the machine first before it gives you money. Some gamblers use fake money or no bets involved as their strategy, only to pre-heat the system.

I would consider the issue of using cryptocurrencies in gambling a little more broadly.  Now that cryptocurrencies have become quite widespread, all of humanity actually has a unique chance for the emergence and preservation of such crypto-millionaires for a ling period of time, who generally lead the lifestyle of an ordinary middle class representative, and outsiders simply cannot guess what such  the man is actually very rich.  There are many positives here.  First of all, the security of capital, since practically no one has information about the real wealgh of such people.  Sometimes even close family members do not know how rich such a person is.  And of course, the passion for gambling with the use of cryptocurrencies for such a person has many advantages, since he simply disposes of his deposit as he wishes, and even having a fortune in cryptocurrencies, he can safely play and not worry too much if he loses.  Again, he does not have to constantly report on income and expenses, as is done in fiat currencies, which saves him time.  But of course, if the deposits of such a player become very large, then you will have to go through KYC and anonymity will be lost.  But even in this case, all the same, information about its total state in cryptocurrencies will still be kept secret. 

In this example, I see a huge advantage of using cryptocurrencies in gambling in a crypto casino.

This is very well said. Like the saying goes "Trading is the hardest way to make easy money." Its simplicity is what makes it difficult. The reason being is this, if making money in one click is that easy, then all the money you've invested in can also be gone or lost in one click also.

You can do gambling in trading. Yes you can make money gambling, but it won't be sustainable in the long run. The worse thing to happen is giving back all the money and profits that you had back to the marketplace instead of cashing it out. Why? because you're gambling. Instead putting a system in play you are praying for a big hit win.

Well, gambling happens to be one of the worst ways to try to make money in either crypto or fiat, which are the two major type of currencies accepted by most online casinos today.

Gambling is all about entertaining oneself, casinos never asked anyone to turn gambling into a money making venture, that is why they always advice us to gamble responsibly, gambling responsibly is not all about gambling only with what we can afford to loss, but it also involved never allowing our emotions take our brains out, this is why it is highly recommended that only 18 years and above gambles, because it is believed that 18 years and above are much more in a better position to control their emotions, much better than the teenagers.

Gambling is quite easy to understand, for example, Dice. You don't need to be so smart just to play that game. You just need to choose one side and set the multiplier you wanted. But you are on the wrong path, if you want to be in the crypto world. Choose other ways to earn cryptocurrency, such as trading, because gambling has a significant potential of making you broke in an instant.

They think like that because they see videos of other people who can easily get a lot of money from gambling, so they try it.
They don't think so much about the meddling of luck coming to the person in the video that they think they can do it too.
And in the case of @OP, he doesn't need to learn how to gamble, especially if he has no intention of having fun at gambling and looks like he's still confused about what he wants to do.
He should learn about a trade where he has the potential to make a profit than from gambling, where he can only lose a lot.
Gambling has the risk of losing money, so he should find another way to make money.

There are some people who think that making money through crypto is very easy and one way to do it is by gambling.
Then there are some people who think that trading cryptocurrencies is a good and convenient way to make money

What both groups of people do not realize is that making money through gambling and trading is highly risky. In fact I would say that making money through them is highly difficult. Yes, the returns are good but why do we forget the risk we put in, to get those returns 

It seems so, and I think there is a chance that he wants to gamble and will one day be involved. In fact, many people don't gamble because of the convenience of everything and also often find gambling advertisements that make those who have never gambled become gamblers out of curiosity. And this is what makes gamblers and gambling continue to grow, because the demand will continue to increase and it all starts with them not being gamblers.
and most beginners start from slot machines, because slot machine game strategy is based on a random number generator, there is no specific strategy that guarantees a win. For beginners, it just requires understanding the game and payouts, and managing their budget and win or loss limits responsibly. And over time they will try other games to find a game that is suitable and according to their abilities and desires.

Please tell me,  from where you came to this conclusion that if he is a gambler he won't ask this question. There are newbie gamblers who are known as social gamblers who do come up with such questions. Discouraging them does not make any sense as none of us are perfect. The crypto market because of its volatile atmosphere can sometimes be a gambling platform. What makes it look like trading is that it still relies on your skills and not luck. If you know how to trade with indicators and analysis you can make with trading.

And gambling is so easy that you don't even need to learn it like how you learn crypto. There are so many ways to earn a crypto but it all started in investing and trading, so yeah crypto gambling isn't necessary. Having fun is necessary but there are still other better ways to do it than playing a gambling with or without cryptos involved as bets.

Money isn't the only thing that he need but also guts. Gambling doesn't forced us to start with a big amount anyway so there is no reason to be scared of it. Don't worry. He is still a newbie in gambling, I mean he won't immediately became an addict to it. In fact many newbies are cautious about it.

if he is a gambler, he won't ask such question.   by now, he already understood why some people are into gambling and using their crypto to gamble. you don't need to be a gambler to be in the crypto market. i believe a lot are in the hunt of tokens or coins which can give them high profits, so a lot are into trading facet of crypto. and then he maybe already discovered that crypto is a very good currency for cross-border payments as it is quite fast and cheap.

It is possible that @OP mixed things up.  Probably he is confused between trading and gambling, trading with knowledge in hand and trading without knowledge which makes trading like gambling.  He should also know that aside from crypto gambling casinos, cryptocurrency have other uses like being traded in an exchange and being accepted in different stores.


Lol, you have a wild imagination.  @OP just asks questions.  He is confused about cryptocurrency and gambling, yes, but it does not mean that he is poor in financial management.  But if you have found something between the line of @OP that makes you think that he has no capacity to manage finances, can you share it with me?

He sure isn't a gambler and most probably won't initiate. Some people are just not into gambling. It has to have a cause before he will try it. First-timers usually try the luck base games like dice because it doesn't need special skills to participate. If he wants to learn, this is probably his first attempt and he will figure the rest in trying more until he discovers which game he can potentially make money on as his strategy develops.

I don’t know if anyone have forced you to learn gambling before? I see no reason why you have to learn gambling, gambling is a choice and if you know you can’t control yourself, then it’s better you stay away from gambling, because if you can’t control yourself, it’s likely you get addicted and that’s the problem most gamblers are having currently, if you know you can control yourself, then their is nothing wrong in gambling and I don’t know how you are going to learn gambling, because when I started gambling nobody taught me how to gamble, so I don’t know how ur own will look like. I haven’t seen any PDF on how to gamble before, you have to learn how to gamble yourself, and if you have a friend that’s a gambler, then ask him to put you through.

Alot might be going on in his mind when he first made this at the point of choosing between being a Gambler or a crypto users whereas some have made it look more of doing a crypto trading as gambling which is wrong, if he gambles then he risk the chance of loosing his money but when he make use of his cryptocurrency for trading instead of gambling, he may not end up loosing everything but only little or rather gain more


There are individual differences and we may not tell now if OP is a newbie in gambling and he's trying to just get along with gambling, if he can't risk money or loose it then he shouldn't go near gambling at all because it has it own risk presented in such manners.

When the OP doesn't have the knowledge to spend his money then why start with gambling? this is indeed quite strange to me, it means that OP has absolutely no capacity to manage finances. You can imagine going into the world of gambling, maybe in a short time OP will easily lose a lot, can't
control the stakes and end up in ruin.

You also need to underline what kind of crypto you can't lose in an instant. Given the volatility of crypto and why crypto scams can bring anyone's balance to Zero. Greedy people do not know big profits, every time they win their desire is still lacking and they continue to bet.

Earning money through a job or business is very hard. But gambling is very easy and there is no physical effort required so people are very interested to earn easy money. And it is possible to win huge jackpot from gambling but not possible to earn huge in less time through job. so gambling is very popular among greedy people. Using crypto is risky but also very profitable.  But cryptocurrency is not as risky as gambling.  Gambling can take a person's balance from millions of dollars to 0 but crypto does not.