Gambling is more important for crypto users? - page 3.

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Quote from: Vaskiy on July 13, 2023, 06:49:50 PM

Gambling is something completely different from cryptocurrency, but the usage of bitcoin into gambling in its beginning days makes it more related. Some believes that cryptocurrency is developed to fulfill the gambling industry as people expected anonymity with their gambling activities. This isn't true, because the reason behind the innovation is to fulfill things that weren't got perfect with the banking system and to eliminate the third man involvement.

Bitcoin doesn't provide anonymity to anyone in gambling platforms even if they are using Bitcoin to gamble, they have their accounts verified with KYC, and the transactions they make are directly linked to their accounts which have their identity, if authorities want to know who is behind a certain transaction, they can simply inquire from the casino or the licensing firm and they will provide them the information they require since casinos are regulated.

The only big advantage Bitcoin provided the online gambling industry at the beginning was fast transactions, people were able to deposit and withdraw their funds very easily and quickly from the casinos which was not the case with fiat before Bitcoin was introduced in the gambling industry.

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Quote from: $crypto$ on July 14, 2023, 10:27:31 AM

Quote from: pakhitheboss on July 14, 2023, 02:24:54 AM

Minimum budget? When you gamble you can forget that. It will always increase gradually to recover the loss. Everyone does keep aside an amount for gambling but as always that amount always increases. It is not that easy to maintain the budget. There have been occasion when you do dwell into your investment money. If you are an occasional gambler then you can maintain your minimum budget otherwise forget it.

Back again to themselves whether they can maintain with a minimum budget? If it has become a bad habit to use from small to large budgets can be used gambling then it will damage the investment that is owned, in essence we must be able to manage which is a better habit of course to maintain their current investment.

When their budget increases they will usually chase previous losses, this is actually not certain but more of them increase the bet from $0.2 to $1 in order to get a big win but obviously for me this is a bad habit that is carried away by emotions even sometimes in situations like this whatever funds are available will be deposited back, so it is difficult to survive on a small budget and it is difficult to stop.

It's strange how the more we lose, the more we want to risk. Therein lies the meat of the issue, wouldn't you say? Every time we make progress, it seems like we take two steps back, and the end of the tunnel seems further and further away, like the carrot at the end of a rabbit hole. So, in the name of all the jellybeans in the jar, I swear that the vicious cycle of increasing wagers in an effort to recoup previous losses is the root cause of our misfortune. However, we keep going because we are convinced that the next wager would finally bring us success. An anchor is necessary to survive this storm. Strong fiscal discipline and planning are like a rock solid anchor. With all the jingle-jangle of the betting industry, however, this is easier said than done.

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Quote from: pakhitheboss on July 14, 2023, 02:34:34 AM

By hard work I meant a day job as only through job you can have a steady income. Gambling doesn't require hard work, it does need strategy, discipline and luck. You cannot control luck but you can work on the strategy & discipline part. Once in a while after losing a good amount you luck would strike. At that time you might be able to cover you past losses or you might make it big.

I agree to you most people, want to use gambling as a reason to quit their job and they think that gambling will become their passive income since they are winning in a row but it is not. When you say crypto it is also associated with gambling because we all can play online gambling in casino because we used our crypto assets , but some people prefer trading or futures than gambling, both risky but it is depends on the person.

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Quote from: pakhitheboss on July 14, 2023, 02:24:54 AM

Minimum budget? When you gamble you can forget that. It will always increase gradually to recover the loss. Everyone does keep aside an amount for gambling but as always that amount always increases. It is not that easy to maintain the budget. There have been occasion when you do dwell into your investment money. If you are an occasional gambler then you can maintain your minimum budget otherwise forget it.

Back again to themselves whether they can maintain with a minimum budget? If it has become a bad habit to use from small to large budgets can be used gambling then it will damage the investment that is owned, in essence we must be able to manage which is a better habit of course to maintain their current investment.

When their budget increases they will usually chase previous losses, this is actually not certain but more of them increase the bet from $0.2 to $1 in order to get a big win but obviously for me this is a bad habit that is carried away by emotions even sometimes in situations like this whatever funds are available will be deposited back, so it is difficult to survive on a small budget and it is difficult to stop.

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Quote from: Vaskiy on July 13, 2023, 06:49:50 PM

Gambling is something completely different from cryptocurrency, but the usage of bitcoin into gambling in its beginning days makes it more related. Some believes that cryptocurrency is developed to fulfill the gambling industry as people expected anonymity with their gambling activities. This isn't true, because the reason behind the innovation is to fulfill things that weren't got perfect with the banking system and to eliminate the third man involvement.

Since bitcoin and altcoins allow gamblers to gamble without involving a bank account, of course the industry took the opportunity and they adopted it. High market demand has made the crypto gambling industry grow rapidly and compete to be the best, but if some people think that bitcoin and altcoins were created only to meet the demands of the gambling industry, then I will deny it.

There is a clear reason why Satoshi created bitcoin, because it is this innovation that many people who are starting to distrust in a centralized financial system need. I could say it's an alternative, but some people consider it the main currency.

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Quote from: Vaskiy on July 13, 2023, 06:49:50 PM

Gambling is something completely different from cryptocurrency, but the usage of bitcoin into gambling in its beginning days makes it more related. Some believes that cryptocurrency is developed to fulfill the gambling industry as people expected anonymity with their gambling activities. This isn't true, because the reason behind the innovation is to fulfill things that weren't got perfect with the banking system and to eliminate the third man involvement.

The gambling industry is definitely no stranger to crypto and even bitcoin, that's why maybe in the past people preferred to gamble with their crypto but maybe not for now, people prefer to gamble with stablecoins compared to crypto which has a good investment value in the future, maybe there are crypto users out there who are still gambling with crypto just to multiply their crypto as an investment too in the future.

Crypto innovation has nothing to do with gambling and is not even used for gambling, but to make it a digital asset investment and a good payment system on the internet anonymously, that's why crypto is anonymous but can't be used in gambling banning anonymous users for casinos or a gambling platform that has a license.

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Quote from: DoublerHunter on July 13, 2023, 04:37:26 PM

^ In my own, understanding gambling allows you to grasp fundamental concepts to avoid addiction.
Because it provides insight into responsible gambling practices, helping you recognize the risks and consequences associated with it this knowledge can be valuable in promoting responsible behavior and possibly avoiding anyone who may be struggling with gambling-related issues. Moreover, learning about gambling expands your understanding of different forms of entertainment, as it is deeply ingrained in our culture. It equips you with the ability to engage in conversations about gambling so that you are fully aware of the possible negative consequences.

From this response, I have a different perspective on gambling and cryptocurrency. The lesson we learn from gambling is that we must be prepared to lose a large amount of money in a short period of time. This knowledge is indeed valuable in anticipating the extreme volatility of cryptocurrencies.

However, are there still many individuals who rely solely on luck when deciding to invest in cryptocurrency? I believe not. Nowadays, learning can be obtained through various platforms. But in my opinion, it is still wrong to enter the realm of cryptocurrency solely for the purpose of gambling. The essence of cryptocurrency lies in its intriguing payment mechanism, which surpasses FIAT currencies.

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Quote from: kamvreto on July 13, 2023, 06:51:27 PM

Quote from: Quidat on July 13, 2023, 06:15:53 PM

~snip~Gambling is different with trading or investment which it should really be separated. There should really be a specific amount or budget which it is allocated for gambling
on which it is really not that right on thinking up on any investment on the time that you do play so that it wont really be giving out that kind of thinking along the way.

The amount of the budget for gambling must also be as minimal as possible. because it is only as entertainment not to seek a large return. If someone continues to expect a lot from gambling, they have probably already lost quite a lot at gambling. Gambling and investing really have to be separated, because if you don't separate the ongoing investment it will be disrupted when the gambling loses and requires other funds to make another bet. In the end investment funds will be cut. then do gambling as entertainment so there will be no burden and no games that are too big.

That is really a huge problem if you don't separate it unless you can control yourself because it is likely that you will spend your intended funds for investment on gambling because the mindset in this situation is that you will just gamble it because it is sure that you'll win and you don't need to invest anymore as you'll earn huge money from it, but that is not the result. It is better to invest first, like do the hard work first, before having fun, like gambling, so that you have peace of mind and can also have fun without being able to use the unintended money.

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Quote from: tusandii on July 12, 2023, 09:40:35 PM

Quote from: pakhitheboss on July 12, 2023, 12:43:35 AM

Quote from: tusandii on July 11, 2023, 10:24:08 PM

All of these methods require experience, knowledge and intelligence in carrying out analysis, except for gambling, because in gambling, only luck determines how you can win.
For those who are experienced, I believe they will prefer to trade and invest to be able to make more definite profits and only use gambling as a place to seek entertainment.
But unfortunately not a few people also use gambling as a place to make money even though they are aware that there are risks that will always come at any time and to beat the house edge is impossible.

I haven't seen a lot of people making tons of money through by getting lucky while gambling. To earn money you need to work hard and hard work nevel fails anyone. Gambling cannot be considered as a source of income, it is a source of entertainment. You can only earn money when you learn those skills that you wrote and work hard on achieving your goal. When you get bored do something that you love or gamble online.

But indeed in gambling, luck is the main factor that can make gamblers win, whether it's a big win or just a small win.
Without luck you will only be a gambler who always deposits money without winning.
In gambling what kind of hard work do you mean?
Nobody works hard in gambling to make some money except for casino managers.

By hard work I meant a day job as only through job you can have a steady income. Gambling doesn't require hard work, it does need strategy, discipline and luck. You cannot control luck but you can work on the strategy & discipline part. Once in a while after losing a good amount you luck would strike. At that time you might be able to cover you past losses or you might make it big.

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Quote from: kamvreto on July 13, 2023, 06:51:27 PM

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The amount of the budget for gambling must also be as minimal as possible. because it is only as entertainment not to seek a large return. If someone continues to expect a lot from gambling, they have probably already lost quite a lot at gambling. Gambling and investing really have to be separated, because if you don't separate the ongoing investment it will be disrupted when the gambling loses and requires other funds to make another bet. In the end investment funds will be cut. then do gambling as entertainment so there will be no burden and no games that are too big.

Minimum budget? When you gamble you can forget that. It will always increase gradually to recover the loss. Everyone does keep aside an amount for gambling but as always that amount always increases. It is not that easy to maintain the budget. There have been occasion when you do dwell into your investment money. If you are an occasional gambler then you can maintain your minimum budget otherwise forget it.

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Quote from: Quidat on July 13, 2023, 06:15:53 PM

We know that chances and probabilities that it could give on which same as you said that we could earn fast and lose fast and if you are accumulating coins for long term or for future years to come then this is one of the way on which you would be thinking up on fastening up the process but of course it would really be having that kind or particular risks which you would be needing to face if you are really that persistent on doing so. Sooner or later you would be able to realize that on the option or step you had made is never been that ideal or a good choice.

Gambling is different with trading or investment which it should really be separated. There should really be a specific amount or budget which it is allocated for gambling on which it is really not that right on thinking up on any investment on the time that you do play so that it wont really be giving out that kind of thinking along the way.

Even so, many gamblers still don't know about it and keep depositing their coins to gamble because they hope to increase the amount through the wins they get. But that's not the reality because they will find it difficult to win gambling games, especially if they don't have luck so they will lose their coins later. And when the coins started to run out, they realized what they were doing.

And instead of using the coins to trade, they are using them to gamble but that has already happened and cannot be recovered. But some gamblers still try to recover their losses by continuing to gamble. Meanwhile, there is a difference between gambling and trading or investing, and we should be able to allocate a certain amount to be used for trade and investment so that it won't interfere with our focus on gambling.

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Quote from: Quidat on July 13, 2023, 06:15:53 PM

~snip~Gambling is different with trading or investment which it should really be separated. There should really be a specific amount or budget which it is allocated for gambling
on which it is really not that right on thinking up on any investment on the time that you do play so that it wont really be giving out that kind of thinking along the way.

The amount of the budget for gambling must also be as minimal as possible. because it is only as entertainment not to seek a large return. If someone continues to expect a lot from gambling, they have probably already lost quite a lot at gambling. Gambling and investing really have to be separated, because if you don't separate the ongoing investment it will be disrupted when the gambling loses and requires other funds to make another bet. In the end investment funds will be cut. then do gambling as entertainment so there will be no burden and no games that are too big.

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Gambling is something completely different from cryptocurrency, but the usage of bitcoin into gambling in its beginning days makes it more related. Some believes that cryptocurrency is developed to fulfill the gambling industry as people expected anonymity with their gambling activities. This isn't true, because the reason behind the innovation is to fulfill things that weren't got perfect with the banking system and to eliminate the third man involvement.

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Quote from: ethereumhunter on July 13, 2023, 01:24:26 AM

Quote from: Quidat on July 12, 2023, 04:12:45 PM

Gambling is for fun and doesnt matter whether you are engaging with fiat or crypto then it would be understandable that you are really that not minding about any investment or totally completely
different to each other if we do speak about those approach and giving out that kind of importance because its clear as day on where people would really be focusing on on which it would be
on investment rather than on gambling. Asking on why there are lots who are really that fond of on doing gambling? Leisure and fastest way on hitting up huge amounts if you are lucky enough.
On the time that you would really be engaging with gambling then you would really be that thinking on having those fast profits but honestly this is actually depending on someones treatment
on it because there are still those people who do gamble for fun and doesnt really go into excessive extent.

But if we pay attention to what is happening in the crypto market, we see that people are also using crypto as a way to invest because they can profit by buying crypto and holding it for a while. And that profit can be greater than the profit from playing gambling. But indeed, they will not be able to get profits as fast as they get at gambling because they have to wait until the time comes to sell at high prices.

But even though you can get fast profits in gambling, you can also get losses fast. It will all depend on your luck because no one knows when your luck will come. But using crypto to gamble is more exciting than fiat because we can gamble anonymously.

We know that chances and probabilities that it could give on which same as you said that we could earn fast and lose fast and if you are accumulating coins for
long term or for future years to come then this is one of the way on which you would be thinking up on fastening up the process but of course it would really be
having that kind or particular risks which you would be needing to face if you are really that persistent on doing so. Sooner or later you would be able to
realize that on the option or step you had made is never been that ideal or a good choice.

Gambling is different with trading or investment which it should really be separated. There should really be a specific amount or budget which it is allocated for gambling
on which it is really not that right on thinking up on any investment on the time that you do play so that it wont really be giving out that kind of thinking along the way.

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Quote from: Jocuserious on July 10, 2023, 05:48:29 AM

Can you explain me why i need to learned gambling?

Simply put, here only millions of money are managed by asset owners, so where i have no money. In fact, i have ideas about gambling, but I don't have the ability to spend money there.

It's your choice. You can actually stay innocent about gambling if you want to. There's no one forcing you to learn it which is in fact the best way to avoid spending your money and could lead to addiction.
Don't enter the realm of gambling if you are enjoying a lot of things in this world. Those who gamble find something lacking in their excitement about watching sports or playing their favorite card game without putting money on the line, that's why.
If you can find your way to avoid the gambling industry then do so, it might be good for you now and for your future. I can already tell you, even if you are betting only a dollar per day if you calculate then for a year and then a decade, then it's still a lot of money spent which could've been used for a better necessity than your own habitual joy.

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Quote from: Mr.suevie on July 13, 2023, 05:42:39 PM

Quote from: Pierre 2 on July 12, 2023, 04:41:57 PM

I think gambling is very important part of crypto markets because it was one of pioneer businesses built itself on top of Bitcoin and other cryptocurrencies. It help crypto to create ecosystem you will get what I main. So Crypto casinos are important.
Other than that, gambling is something to be experienced and learned, not exactly something to be taught. Its mainly personal experience in my opinion. Its good if you try crypto gambling websites like stake.

I can relate to what you mean and to add to it, gambling is actually the most populous activities or habit done by human and any innovation that has to deal with gambling will thrive well and thats why these gambling casino are one of the major reasons why crypto or should I say BTC in particular has gotten massive adoption by the society at large.

In my opinion Gambling has rather a historical role within the development of the adoption of Bitcoin. You are right when you reference the fact gambling has been a human activity probably since prehistory, but when gambling met Bitcoin things started to get interesting. While most people was laughing at the idea of Bitcoin and decentralized assets, casinos and other small businesses embraced the idea and they were the responsible for giving the initial volume and liquidity that Bitcoin needed in the earliest days. So I think we are supposed to be thankful those people were willing to risk their money for something they believed in.

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Quote from: Sandra_hakeem on July 13, 2023, 04:24:07 PM

Quote from: Jocuserious on July 10, 2023, 05:48:29 AM

Can you explain me why i need to learned gambling?

Simply put, here only millions of money are managed by asset owners, so where i have no money. In fact, i have ideas about gambling, but I don't have the ability to spend money there.

You should probably be happy and relieved that you're not a gambler... Do you know how much gamblers really wished they never knew about gambling at first, talk more of playing on it?... This user is a natural clown.
If you're already HODLing crypto, then I think that's reliable enough for you to hold on to... Don't plan on gambling your funds; it's as good as not even having them at first... cancel this ideology!!
Furthermore, try to know the value of whatever coin you have in stock.

Sandra 🧑‍🦰

When you do gamble then investment is never on your priority or would really be thinking about it because you would really be spending money on this kind of activity on which you've been hoping on making up some winnings.Therefore, its not really that you would be thinking about it on this particular time but instead you would really be putting up risks on losing those investment if ever that addiction would hits you hard. Gambling isnt bad as long you do it on moderation or having the control because this is really just that for fun but turns out that some people do make it as their source of income.
The only ones who do make money or huge revenue on this is the house or the owner of such casino but into its gamblers? They are the ones who had been milked out. Yes, there might be some those
big winners but only a few and most of those numbers are really that on the losing side which it is really that not surprising.

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Quote from: Mr.suevie on July 13, 2023, 05:42:39 PM

Quote from: Pierre 2 on July 12, 2023, 04:41:57 PM

I think gambling is very important part of crypto markets because it was one of pioneer businesses built itself on top of Bitcoin and other cryptocurrencies. It help crypto to create ecosystem you will get what I main. So Crypto casinos are important.
Other than that, gambling is something to be experienced and learned, not exactly something to be taught. Its mainly personal experience in my opinion. Its good if you try crypto gambling websites like stake.

I can relate to what you mean and to add to it, gambling is actually the most populous activities or habit done by human and any innovation that has to deal with gambling will thrive well and thats why these gambling casino are one of the major reasons why crypto or should I say BTC in particular has gotten massive adoption by the society at large.

Crypto gambling has become extremely popular because it allowed people to gamble anonymously from anywhere in the world, since they had internet connection, what was great for enthusiasts from countries where gambling is forbidden or from areas where there aren't casinos available. Moreover, with a single satoshi of BTC you could already place a bet, so it was also the best opportunity for gamblers who play solely with few bucks of dollar.

After the popularity of crypto gambling, a false belief emerged: people started mentioning gambling as one of the sources of income you could have in crypto universe. So, many crypto adopters felt it was important to learn about gambling, because it could be a source of income for them, side by side with trading, micro earnings and investments. However, we must understand at the currently moment we are, in 2023, that it was a misconception. Gambling is a pleasure activity which can reward its users with considerable sums of money, but it can't be considered a source of income or a money making method.

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Quote from: Pierre 2 on July 12, 2023, 04:41:57 PM

I think gambling is very important part of crypto markets because it was one of pioneer businesses built itself on top of Bitcoin and other cryptocurrencies. It help crypto to create ecosystem you will get what I main. So Crypto casinos are important.
Other than that, gambling is something to be experienced and learned, not exactly something to be taught. Its mainly personal experience in my opinion. Its good if you try crypto gambling websites like stake.

I can relate to what you mean and to add to it, gambling is actually the most populous activities or habit done by human and any innovation that has to deal with gambling will thrive well and thats why these gambling casino are one of the major reasons why crypto or should I say BTC in particular has gotten massive adoption by the society at large.

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Quote from: Jocuserious on July 10, 2023, 05:48:29 AM

Can you explain me why i need to learned gambling?

Simply put, here only millions of money are managed by asset owners, so where i have no money. In fact, i have ideas about gambling, but I don't have the ability to spend money there.

You don't need to learn anything!

To play, simply create an account on a casino site, choose the game that most appeals to you and start playing.
Most games are like any other, they have a goal to be achieved and these goals are rewarded with some money, for each attempt to reach that goal you need to spend money.

There are several sites that give you bonuses and even have faucets to get free money and learn the mechanics of the games.

There are also sports games, in which you just need to know the sport, the championship and its players and then try to guess the result of that event, if you guess right you win the prize.

Gambling is very broad and in general you can start participating in any of them without any knowledge.

Topic: Gambling is more important for crypto users? - page 3. (Read 1161 times)