Get one btc right away or 5 btc with a bet? - page 6.

Pumared

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Quote from: Mia Chloe on March 14, 2024, 04:38:27 AM

I bet you a non gambler will definitely pick the choice of having one BTC instantly. And of course it is a very rational choice. The 5 BTC bet is just a probability that would favor you with the prize if you eventually win. However it smart to consider the fact that if you lose you lose it all. No matter how calculative you tend to be or how much analysis you put into consideration, you still have a possibility of losing which is very risky for such an amount. As a gambler you have to reason properly and not just hope to win all the time because unfortunately you can't win everytime and losing such an amount is not nice at all.
And of course some persons will pick the choice of the 5 BTC bet hoping to win staking at a great risk. Besides an AI will pick the 1btc since the odds of having it is one whereas the 5 BTC bet has a much smaller odd.

This is also my view, and in addition there is the "weight" in relation to 1BTC, which tends to be a great asset. So, in this situation, practically all people will take the immediate route.

Casdinyard

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Quote from: Becassine on March 11, 2024, 07:22:38 PM

It's not always easy to make the right decisions. Are you a gambler? If you're offered 1 btc without playing or 5 btc by playing (with a chance of 2 to 1). What do you do?

I'm a gambling man (at least I think), I've taken far greater risks than this that I could say with full certainty I wouldn't be too fazed by the prospect of a bitcoin. But in the face of getting a guaranteed reward with no strings attached against a higher reward with the catch of putting it into chance, I'd choose the guaranteed one all day. There's just no question about it. You as a gambler know that it's always better to get guaranteed rewards than putting it all into luck and chance-based mechanics, and even though 1 bitcoin's smaller compared to 5 bitcoin, In the face of a large amount of money it doesn't really matter anymore, regardless of if you didn't get the 5 bitcoin, by choosing the former choice you're already setting yourself up to a little over 70k USD, which is not so bad if I do say so myself.

I wouldn't persecute the others who chose to gamble their luck and play with the 5 bitcoin gamble, it's just not my cup of tea and perhaps have you made a more compelling comparison I may have chosen to play bets with you but it's just so easy, you're giving me all the things to work with and none for you, the choice is simple and I think a lot of people in here would agree with me too.

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Quote from: Jegileman on March 13, 2024, 07:08:00 PM

Quote from: Becassine on March 11, 2024, 07:22:38 PM

It's not always easy to make the right decisions. Are you a gambler? If you're offered 1 btc without playing or 5 btc by playing (with a chance of 2 to 1). What do you do?

Give me the 1BTC and let me go with it. No one is a perfect predictor and if you’re to predict the outcome of an event, no one is perfect and you can lose this golden opportunity forever. If this offer comes for me like five times or more, I will continue chosen it over gambling to get an higher amount which is not a certainty for me to win. Even I have been a good predictor, for that day, I won’t allow greed to overcome me to lose the opportunity, I will take my 1BTC and leave.

Your decision is just someone how funny to me , I would rather collect one Bitcoin than expecting to win a bet of five Bitcoin. Life can be very funny when we intend to win a bet of such an huge amount of money. It going to look like 50/50 that is while we need to be wise when taking this kind of decision. Making money is could look very easy but it can be very hard for us. This is a decision many persons would have to think twice before that decision on which one to go for because greed will always ready to attract them to choose a bet of 5 BTC than a single BTC in there portfolio. I think a bird in hand worth 1000000 million in the forest.

Z-tight

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With gambling you are not sure of anything, you can win or you can lose. Your question is also confusing because you didn't state what the odds of the bet is going to be and how much is going to be staked. However, i think the better option is to go with the money as gambling is too risky and you can lose everything if you go with that option.

bangjoe

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Quote from: Taskford on March 13, 2024, 08:16:14 AM

Quote from: bangjoe on March 13, 2024, 04:23:44 AM

Quote from: Becassine on March 11, 2024, 07:22:38 PM

It's not always easy to make the right decisions. Are you a gambler? If you're offered 1 btc without playing or 5 btc by playing (with a chance of 2 to 1). What do you do?

Being able to win but not fighting is better than fighting but having the risk of losing, simple analogy, if I can get 1 BTC without playing is much better than trying to bet and attempt to get 5 but having to beat the house and risk losing.

Sometimes making people greedy is how we get bigger profits, and such is the performance that is very promising for casinos to get huge profits,

This is already our chance to get some money by doing nothing so why would I risk to gamble on unsure situation when there's a sure profit to take without anything ask for returns. This is why the same with other people choosing 1 BTC I also go with their choice for practical reasons and for sure a lot of people would understand our choice since this is sure money to take home.

If we choose to be greedy and take that 5BTC with conditions attached then for sure that we will regret our decision not to take the 1 BTC and we might just think about the missing chances that we let go of we are going to make this happen.

And never mind that is just a dream, does not have to argue logically, it seems that it is only the shadow that is given to provoke our logic in discussing, so want to choose any option is true, because it is only an expectation, and say who will be Give 1 BTC to us today for free right?

There is no greed in the natural phenomenon of thinking, you might get 5 BTC by daydreaming too, this thing happens because the OP discusses it starts with the word "if" then we just need to follow where he will try to lure us to discuss.

If I was given 200 BTC. LOL

Mia Chloe

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Quote from: nullama on March 14, 2024, 04:22:22 AM

It really depends on the actual real world value of the 5 BTC vs 1 BTC.

If for example the value was 1 cent, then it doesn't really matter either way, and might as well get the riskier one.

But if 1 BTC is enough to change your life, then it would be silly to risk it since you wouldn't really need 5 times that.

Of course this is also definitely something that should be put into consideration. Value matters a lot especially when you gamble. As a responsible gambler you should have a limit and also a range of amount you put into stakes during gambling activities. In a situation like this, it is important to consider if the stake is below your means or above your means. As a smart individual you also have to consider the fact if the stake is actually worth it and making this part of the decision requires you to know the probability of you being able to make a win which in a case like this is usually very thin due to the large prize at stake.
When gambling we say to stake what we can afford to lose and as a gambler if you can afford to lose 5 BTC, then taking the bet is a fair option then if not it could be view as a risk taking action.

Crypt0Gore

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Quote from: yahoo62278 on March 14, 2024, 05:52:25 AM

Simple decision, scared money doesn't make money. I'm gonna make the bet and try to get 10 BTC. It makes no sense to not take the gamble if it's free money, yea I might lose my bet but I don't lose anything. I don't see why people wouldn't want to take a shot at big money.

We all like the easy way out, isn't it? Haha, you said you might lose the bet but in the end, you don't lose anything, that's wrong, you just lost a BTC, which required nothing to win in the first place.

I think the term 'scared money doesn't make money' doesn't fit in the gambling landscape, it fits more in the investment space, The money we risk on gambling should be scared money because gambling is way more brutal than investing in the stock market or crypto assets.

I respect your opinion, it seems that you are someone who prefers the thrill of gambling, I get that, but I am better off taking the free BTC, if I miss the thrill to try my luck I will just grab my laptop and visit a online casino.

KTChampions

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Quote from: yahoo62278 on March 14, 2024, 05:52:25 AM

Simple decision, scared money doesn't make money. I'm gonna make the bet and try to get 10 btc. It makes no sense to not take the gamble if its free money, yea I might lose my bet but I don't lose anything. I don't see why people wouldn't want to take a shot at big money.

The fact that you don’t lose anything is self-deception, since you lose (in case of loss) 1 bitcoin. Just because you got this bitcoin for free does not mean that losing it will cost nothing. As for the risk in trying to get big money, apparently for you it starts with 10 bitcoins, but for many other people it starts with one.
I think for you, too, there is a level where you will immediately take the money and do not dare to take risks. For example 100 bitcoins? It is unlikely that you will decide to take a risk to get 500 if you already have a guaranteed 100.

Solosanz

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I choose to get one BTC and use 0.1 BTC for gambling, so at least I've pocketed 0.9 BTC and I don't care if I lose or win with the rest coins.

Quote from: Rampagoe004 on March 14, 2024, 05:40:05 AM

I personally wouldn't risk my 1 BTC for 5 BTC. Give me 1 BTC and I will trade in futures or spot. I will trade the right amount and the rest I will invest in altcoins.

The good thing is in order to trade futures or spot and invest in altcoins, you don't have to have 1 BTC! you can start as small as possible.

I'm sure you at least have some money, if you don't trade regularly and invest in altcoins, or you have do that but you're not make money from it. I'm sure even you have 1 BTC, the result is same like what you currently have right now.

dothebeats

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I'm a gambler but I'd get the 1 btc in this case. I won't even risk the chance at all. It may be 5 times more than what was being offered to me as free, but I could leave empty-handed if ever luck doesn't work out in my favor. Most gamblers would surely opt to take a chance at the 5 btc, but that's being greedy considering you could potentially gain 1 bitcoin without staking anything.

Take profits whenever you can, even if there is a potential of getting more than what is offered right in front of you. Besides, you are not sure what the outcome would be. Set aside greed and be happy with what's being offered for free.

avp2306

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Quote from: yahoo62278 on March 14, 2024, 05:52:25 AM

Simple decision, scared money doesn't make money. I'm gonna make the bet and try to get 10 btc. It makes no sense to not take the gamble if its free money, yea I might lose my bet but I don't lose anything. I don't see why people wouldn't want to take a shot at big money.

Great mindset for a gambler and it shows how passionate you are for targeting to win huge by not spending any cents coming from your wallet so for sure if you are lucky you can hit that target then earn a lot of money.

But I respect the decision of other since maybe same as me they are low ballers and they can't afford to lose huge especially if there's already a lot of balance given without any conditions asked. So I guess majority will select to take it out and enjoy spending the money in real life and maybe they can use it on other way to generate them another source of profit.

ethereumhunter

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Quote from: Rampagoe004 on March 14, 2024, 05:40:05 AM

Quote from: Jegileman on March 13, 2024, 07:08:00 PM

Give me the 1BTC and let me go with it. No one is a perfect predictor and if you’re to predict the outcome of an event, no one is perfect and you can lose this golden opportunity forever. If this offer comes for me like five times or more, I will continue chosen it over gambling to get an higher amount which is not a certainty for me to win. Even I have been a good predictor, for that day, I won’t allow greed to overcome me to lose the opportunity, I will take my 1BTC and leave.

You are right and I agree with you. We cannot think that 5 BTC is better than 1 BTC because you will definitely get 1 BTC but you still have a 50:50 chance of getting 5 BTC. Of course it would be nice if it turns out you can actually get 5 BTC but I personally wouldn't risk my 1 BTC for 5 BTC. Give me 1 BTC and I will trade in futures or spot. I will trade the right amount and the rest I will invest in altcoins. 1 BTC can really be useful for many things. And I would rather bet on futures than bet 5 BTC at the start.

Yes, takes 1 BTC than getting 5 BTC to playing gambling gives risky for you, especially if you see that you don't have a big chance to win on gambling. It's better to take 1 BTC and leave the casino than trying to get 5 BTC and playing gambling then withdraw the money. We don't have a guarantee to win on the gambling games so we must prepare for the outcomes if we choose the 5 BTC. For a gambler, they will takes 5 BTC and playing gambling to increase the BTC amount. Winning and losing will not be a problem for them as they only wants to playing gambling because 5 BTC is a big money for them now. If that is comes to trading, I will used it futures and spots trading because that amount is bigger and I can use it to make some profits.

yahoo62278

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Simple decision, scared money doesn't make money. I'm gonna make the bet and try to get 10 btc. It makes no sense to not take the gamble if its free money, yea I might lose my bet but I don't lose anything. I don't see why people wouldn't want to take a shot at big money.

Rampagoe004

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Quote from: Jegileman on March 13, 2024, 07:08:00 PM

Give me the 1BTC and let me go with it. No one is a perfect predictor and if you’re to predict the outcome of an event, no one is perfect and you can lose this golden opportunity forever. If this offer comes for me like five times or more, I will continue chosen it over gambling to get an higher amount which is not a certainty for me to win. Even I have been a good predictor, for that day, I won’t allow greed to overcome me to lose the opportunity, I will take my 1BTC and leave.

You are right and I agree with you. We cannot think that 5 BTC is better than 1 BTC because you will definitely get 1 BTC but you still have a 50:50 chance of getting 5 BTC. Of course it would be nice if it turns out you can actually get 5 BTC but I personally wouldn't risk my 1 BTC for 5 BTC. Give me 1 BTC and I will trade in futures or spot. I will trade the right amount and the rest I will invest in altcoins. 1 BTC can really be useful for many things. And I would rather bet on futures than bet 5 BTC at the start.

Outhue

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There are many gamblers that loves the risk aspect of gambling, it has become a adventure-like experience, they will surely go for the 5BTC with it's trial, and if they lose they will take it as another lose day in gambling.

I won't say that it's greed, cos few of them want the excitement that comes with the possibility of winning that 5BTC but I don't crave for such excitement, I would rather take the 1 Bitcoin because it's easy as it gets, no extra stress included.

In today's world, 1 Bitcoin will do wonders in your life, I will feel more satisfied taking this 1 Bitcoin and gladly walk away with my head facing straight up as I walk away, in boldness of course, there is no risk attached to the 1 Bitcoin and this makes it the best option instead of the 5 Bitcoin.

Mia Chloe

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I bet you a non gambler will definitely pick the choice of having one BTC instantly. And of course it is a very rational choice. The 5 BTC bet is just a probability that would favor you with the prize if you eventually win. However it smart to consider the fact that if you lose you lose it all. No matter how calculative you tend to be or how much analysis you put into consideration, you still have a possibility of losing which is very risky for such an amount. As a gambler you have to reason properly and not just hope to win all the time because unfortunately you can't win everytime and losing such an amount is not nice at all.
And of course some persons will pick the choice of the 5 BTC bet hoping to win staking at a great risk. Besides an AI will pick the 1btc since the odds of having it is one whereas the 5 BTC bet has a much smaller odd.

nullama

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Quote from: teamsherry on March 13, 2024, 09:39:17 PM

Very interesting gambling option and it would take a real gambler to pick the 5 bitcoin offer over the one bitcoin, I've actually encountered this same argument before and many of my friends actually chose to gamble and they said if we actually get it right we are leaving here with 5 more bitcoin than every other person and I think for anyone to go for the risky part he is either crazy or so greedy and in this case greedy.

For me I'm definitely choosing the one bitcoin, that could really solve a lot for me, and I think I could use this opportunity to improve my accumulation stage a bit and if I hold longer it might be worth a lot to me and I don't think bitcoin is an asset worth gambling over.

It really depends on the actual real world value of the 5 BTC vs 1 BTC.

If for example the value was 1 cent, then it doesn't really matter either way, and might as well get the riskier one.

But if 1 BTC is enough to change your life, then it would be silly to risk it since you wouldn't really need 5 times that.

Pumared

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Quote from: Jegileman on March 13, 2024, 07:08:00 PM

Quote from: Becassine on March 11, 2024, 07:22:38 PM

It's not always easy to make the right decisions. Are you a gambler? If you're offered 1 btc without playing or 5 btc by playing (with a chance of 2 to 1). What do you do?

Give me the 1BTC and let me go with it. No one is a perfect predictor and if you’re to predict the outcome of an event, no one is perfect and you can lose this golden opportunity forever. If this offer comes for me like five times or more, I will continue chosen it over gambling to get an higher amount which is not a certainty for me to win. Even I have been a good predictor, for that day, I won’t allow greed to overcome me to lose the opportunity, I will take my 1BTC and leave.

In this situation, what is considered is more the certainty that 1 BTC will be worth much more over time. I believe that if it were used with Dollars or Euros for example. There would be more people trying their luck. There is a bias in this question.

teamsherry

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Very interesting gambling option and it would take a real gambler to pick the 5 bitcoin offer over the one bitcoin, I've actually encountered this same argument before and many of my friends actually chose to gamble and they said if we actually get it right we are leaving here with 5 more bitcoin than every other person and I think for anyone to go for the risky part he is either crazy or so greedy and in this case greedy.

For me I'm definitely choosing the one bitcoin, that could really solve a lot for me, and I think I could use this opportunity to improve my accumulation stage a bit and if I hold longer it might be worth a lot to me and I don't think bitcoin is an asset worth gambling over.

Jegileman

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Quote from: Becassine on March 11, 2024, 07:22:38 PM

It's not always easy to make the right decisions. Are you a gambler? If you're offered 1 btc without playing or 5 btc by playing (with a chance of 2 to 1). What do you do?

Give me the 1BTC and let me go with it. No one is a perfect predictor and if you’re to predict the outcome of an event, no one is perfect and you can lose this golden opportunity forever. If this offer comes for me like five times or more, I will continue chosen it over gambling to get an higher amount which is not a certainty for me to win. Even I have been a good predictor, for that day, I won’t allow greed to overcome me to lose the opportunity, I will take my 1BTC and leave.

Topic: Get one btc right away or 5 btc with a bet? - page 6. (Read 1580 times)