I am only trying to stay safe by gambling less - page 10.

serjent05

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Quote from: molsewid on June 04, 2023, 01:49:57 PM

Quote from: Jody.Drummer on June 04, 2023, 12:56:23 PM

Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

Yes I believe in that but for me there's only a thin line between them. Both needed to take a risks and I think trading is more riskier because trading depends on market which is very volatile while in gambling you can stop anytime you want because you are the one who operates your bet, but all in all both needed a discipline because you can go broke or you can be rich instantly in any of these.

It is not a thin line that separates gambling and investment. They are too distinct that we can tell that they are different even from afar. The noticeable difference between the two is control where gamblers have little to no control while in investment the control factor is high. Risk in gambling is very high while in investment risk can range from low to medium and the same goes for the potential to loss.

We can read more differences on this site: https://www.mandg.co.za/insights/articlesreleases/whats-the-difference-between-investing-and-gambling

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Quote from: Outhue on June 05, 2023, 02:09:20 AM

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Quote from: tusandii on June 04, 2023, 11:58:26 PM

Quote from: xSkylarx on June 04, 2023, 04:26:19 AM

Quote from: tusandii on June 04, 2023, 02:24:42 AM

Quote from: TheGreatPython on June 02, 2023, 01:39:03 AM

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

But again there are really people that relying on gambling as they are really winning from it but again not all can do this because they are not as lucky as to others and also gambling is really for entertainment. Back to those people who are having a profit on it , I am just amazed that they could win but again they are still not immune to losses but the fact that they are still making a living on it is unimaginable

You can't get luck every day, buddy.
Maybe today the day after tomorrow they can be lucky to get a win and feel that gambling can provide wealth or can be a source of income but keep in mind that after a few of these wins he will get a loss which will even eliminate bigger money than what he got while gambling.
I can talk like this not just bragging but because it is true from my own personal experience and that of several friends who also like to gamble.
After all, the money that is generated from gambling will not feel like it can just disappear, whether for fun or other things, but what is clear is that spending money from gambling wins will be easier compared to money earned by working or doing business.

That is a known thing that we can't win every time we play but I think a way to maximize every single session we have is to spend well the amount of that session.A way I found to be great is to keep buying the bonus round in Pragmatic Play,mostly in Club Tropicana as this will make sure you will be playing a whole lot longer than normally by hitting the spin button.By doing so in most reputable casinos you will increase your VIP/tier level much faster than you would normally and this is what I do now,I keep buying the bonus in slot machines with my predefined bankroll to gamble and the VIP level percentage where I play is increasing with 6% a week/session as I only play once twice a week.

It is a known thing that gamblers will always lose money than they win, and this will only make sense if the little win cover up for the past loses they made, there is one thing that's certain when.gambling and that's constant losing your money, a week could work in your favor and you get lucky continuously but be prepared for weeks of bad luck, I am sharing this because It just happened to be not too long.

I will try to keep buying the bonuses maybe I will get a different result? Anyway, thanks for sharing your gambling strategy, I am still in good shape because I always gamble with small amount of money I made, if not, my story would have been different right now, there is nothing that's better than gambling responsibly.

The main key on here is that gambling is something for entertainment nothingless but lots of people do really treat it up on the other side of things on which they are really that believing that this is something on which they could really be able to get some stable source of income or even trying out to believe that they could make themselves rich in no time on which this is the sole reason on why it do really give out that kind of impulsive approach on which they would really be playing out until they do bust up all of their capital which it is really that a common behavior. You wont really be considered to be safe on the time that you would really be dealing up with gambling. If you cant bare up with the risks then you shouldnt gamble but if you do find out or seek for leisure then its a common approach on which you would really be that playing
with this but of course you arent expecting something in return because this would really be entirely be depending or basing up with luck You cant really be that safe no matter what and plus
this one would be talking about being lucky because this is the primary factor which you would be needing up to win on gambling space and this is something that unpredictable to come.

nullama

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Quote from: Doan9269 on June 05, 2023, 03:20:51 AM

~snip~
To ensure playing safe sometimes may require quitting for some time or maybe i shouldn't use the word quitting but taking a break to get somethings fixed before continuing, since gambling is what we do from the onset of our mind and it keeps us more lively sometimes we feels being isolated or depressed, but this applies to those been able to control their own emotions while gambling but anyone going off the limit should be advised to take a break and limit the amount used in gambling should in case it's getting too much and he's been affected.

Yeah, as a minimum a gambler would need to take a break to make enough money to come back and put it in the casino again Grin

But more seriously, it's true what you're saying, it's always a good thing to keep your addictions in check, and not doing them for a while usually helps to keep them under control.

Doan9269

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Quote from: nullama on June 04, 2023, 08:57:53 PM

The thing is that even if you don't have emotions involved, the math still applies, the casino has an advantage over the gambler, always.

So, in the long term there is no way that the gambler will ever win, the casino will always get the money in the end.

It doesn't matter if the gambler is not using any emotions and is very disciplined. Math tells you that.

To ensure playing safe sometimes may require quitting for some time or maybe i shouldn't use the word quitting but taking a break to get somethings fixed before continuing, since gambling is what we do from the onset of our mind and it keeps us more lively sometimes we feels being isolated or depressed, but this applies to those been able to control their own emotions while gambling but anyone going off the limit should be advised to take a break and limit the amount used in gambling should in case it's getting too much and he's been affected.

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Quote from: Outhue on June 05, 2023, 02:09:20 AM

It is a known thing that gamblers will always lose money than they win, and this will only make sense if the little win cover up for the past loses they made, there is one thing that's certain when.gambling and that's constant losing your money, a week could work in your favor and you get lucky continuously but be prepared for weeks of bad luck, I am sharing this because It just happened to be not too long.

I will try to keep buying the bonuses maybe I will get a different result? Anyway, thanks for sharing your gambling strategy, I am still in good shape because I always gamble with small amount of money I made, if not, my story would have been different right now, there is nothing that's better than gambling responsibly.

This is not so, the player will not always lose more than wins. Those who win are not many, but they exist, they follow risk management, share the gaming budget, and never break the rules. I would probably not want gambling to become my main source of income, because it is too nervous work for me, I decided a long time ago that for me this is just entertainment with the opportunity to win something sometimes.

AicecreaME

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Quote from: Fredomago on June 04, 2023, 05:30:55 PM

...

I follow your last statement, discipline is very important on both sides, knowing your limitations and having the right set of expectations and proper executions, you may get some edge either in gambling or in trading, though if you don't have that discipline and you allow your emotions for sure the outcome will never go to your directions but most of the time it will turn against you.

I agree with this. Definitely, discipline is very much needed in gambling. Knowing your boundaries will save you from unnecessary troubles and headaches because you will know when to stop and when to continue gambling. For instance, you won't get too much dependent and hooked up in gambling to the point wherein you will spend most of your time and money playing and betting. Hence, you can allocate some of your funds in other things that are much important or for your wants. Additionally, you can also spend your time somewhere else such as bonding with your loved ones or doing other hobbies that will be beneficial into your well-being.

Outhue

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Quote from: swogerino on June 05, 2023, 01:05:08 AM

Quote from: tusandii on June 04, 2023, 11:58:26 PM

Quote from: xSkylarx on June 04, 2023, 04:26:19 AM

Quote from: tusandii on June 04, 2023, 02:24:42 AM

Quote from: TheGreatPython on June 02, 2023, 01:39:03 AM

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

But again there are really people that relying on gambling as they are really winning from it but again not all can do this because they are not as lucky as to others and also gambling is really for entertainment. Back to those people who are having a profit on it , I am just amazed that they could win but again they are still not immune to losses but the fact that they are still making a living on it is unimaginable

You can't get luck every day, buddy.
Maybe today the day after tomorrow they can be lucky to get a win and feel that gambling can provide wealth or can be a source of income but keep in mind that after a few of these wins he will get a loss which will even eliminate bigger money than what he got while gambling.
I can talk like this not just bragging but because it is true from my own personal experience and that of several friends who also like to gamble.
After all, the money that is generated from gambling will not feel like it can just disappear, whether for fun or other things, but what is clear is that spending money from gambling wins will be easier compared to money earned by working or doing business.

That is a known thing that we can't win every time we play but I think a way to maximize every single session we have is to spend well the amount of that session.A way I found to be great is to keep buying the bonus round in Pragmatic Play,mostly in Club Tropicana as this will make sure you will be playing a whole lot longer than normally by hitting the spin button.By doing so in most reputable casinos you will increase your VIP/tier level much faster than you would normally and this is what I do now,I keep buying the bonus in slot machines with my predefined bankroll to gamble and the VIP level percentage where I play is increasing with 6% a week/session as I only play once twice a week.

It is a known thing that gamblers will always lose money than they win, and this will only make sense if the little win cover up for the past loses they made, there is one thing that's certain when.gambling and that's constant losing your money, a week could work in your favor and you get lucky continuously but be prepared for weeks of bad luck, I am sharing this because It just happened to be not too long.

I will try to keep buying the bonuses maybe I will get a different result? Anyway, thanks for sharing your gambling strategy, I am still in good shape because I always gamble with small amount of money I made, if not, my story would have been different right now, there is nothing that's better than gambling responsibly.

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Quote from: tusandii on June 04, 2023, 11:58:26 PM

Quote from: xSkylarx on June 04, 2023, 04:26:19 AM

Quote from: tusandii on June 04, 2023, 02:24:42 AM

Quote from: TheGreatPython on June 02, 2023, 01:39:03 AM

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

But again there are really people that relying on gambling as they are really winning from it but again not all can do this because they are not as lucky as to others and also gambling is really for entertainment. Back to those people who are having a profit on it , I am just amazed that they could win but again they are still not immune to losses but the fact that they are still making a living on it is unimaginable

You can't get luck every day, buddy.
Maybe today the day after tomorrow they can be lucky to get a win and feel that gambling can provide wealth or can be a source of income but keep in mind that after a few of these wins he will get a loss which will even eliminate bigger money than what he got while gambling.
I can talk like this not just bragging but because it is true from my own personal experience and that of several friends who also like to gamble.
After all, the money that is generated from gambling will not feel like it can just disappear, whether for fun or other things, but what is clear is that spending money from gambling wins will be easier compared to money earned by working or doing business.

That is a known thing that we can't win every time we play but I think a way to maximize every single session we have is to spend well the amount of that session.A way I found to be great is to keep buying the bonus round in Pragmatic Play,mostly in Club Tropicana as this will make sure you will be playing a whole lot longer than normally by hitting the spin button.By doing so in most reputable casinos you will increase your VIP/tier level much faster than you would normally and this is what I do now,I keep buying the bonus in slot machines with my predefined bankroll to gamble and the VIP level percentage where I play is increasing with 6% a week/session as I only play once twice a week.

slapper

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Quote from: Silberman on June 04, 2023, 02:49:26 PM

Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Believe it or not there are people that dense, it is true that we have access to most of the information the world has to offer, but people do not use this potential at all and prefer to use that access for entertainment purposes only, so despite the fact that the information regarding gambling and the impossibility of producing profits for the majority of gamblers out there is widely available, we still have a great deal of people which ignore this fact and will eventually be disappointed by their lack of positive results.

At the heart of the matter, there's a striking divergence between investing and gambling. Investing is about reading the tea leaves based on research, data-crunching, and strategic play. Conversely, gambling is more of a roll of the dice, where the odds often lean unfavorably against the punter.

Your observation of people being information-rich but wisdom-poor really resonates. It's like having access to a treasure trove of books but only ever indulging in manga. In this age of information, as pervasive as Instagram stories, the skill to harness this knowledge for our benefit remains a white whale for many.

This conundrum is as intriguing as it is concerning, mirroring a larger problem: even with a universe of know-how accessible at a click, many fall short in maximizing it. It accentuates the demand for more robust financial literacy and perhaps a societal reset in how we perceive gambling and investment.

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Quote from: xSkylarx on June 04, 2023, 04:26:19 AM

Quote from: tusandii on June 04, 2023, 02:24:42 AM

Quote from: TheGreatPython on June 02, 2023, 01:39:03 AM

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

But again there are really people that relying on gambling as they are really winning from it but again not all can do this because they are not as lucky as to others and also gambling is really for entertainment. Back to those people who are having a profit on it , I am just amazed that they could win but again they are still not immune to losses but the fact that they are still making a living on it is unimaginable

You can't get luck every day, buddy.
Maybe today the day after tomorrow they can be lucky to get a win and feel that gambling can provide wealth or can be a source of income but keep in mind that after a few of these wins he will get a loss which will even eliminate bigger money than what he got while gambling.
I can talk like this not just bragging but because it is true from my own personal experience and that of several friends who also like to gamble.
After all, the money that is generated from gambling will not feel like it can just disappear, whether for fun or other things, but what is clear is that spending money from gambling wins will be easier compared to money earned by working or doing business.

nullama

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Quote from: Fredomago on June 04, 2023, 05:30:55 PM

~snip~
I follow your last statement, discipline is very important on both sides, knowing your limitations and having the right set of expectations and proper executions, you may get some edge either in gambling or in trading, though if you don't have that discipline and you allow your emotions for sure the outcome will never go to your directions but most of the time it will turn against you.

The thing is that even if you don't have emotions involved, the math still applies, the casino has an advantage over the gambler, always.

So, in the long term there is no way that the gambler will ever win, the casino will always get the money in the end.

It doesn't matter if the gambler is not using any emotions and is very disciplined. Math tells you that.

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Quote from: molsewid on June 04, 2023, 01:49:57 PM

Quote from: Jody.Drummer on June 04, 2023, 12:56:23 PM

Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

Yes I believe in that but for me there's only a thin line between them. Both needed to take a risks and I think trading is more riskier because trading depends on market which is very volatile while in gambling you can stop anytime you want because you are the one who operates your bet, but all in all both needed a discipline because you can go broke or you can be rich instantly in any of these.

I follow your last statement, discipline is very important on both sides, knowing your limitations and having the right set of expectations and proper executions, you may get some edge either in gambling or in trading, though if you don't have that discipline and you allow your emotions for sure the outcome will never go to your directions but most of the time it will turn against you.

LUCKMCFLY

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Quote from: Dzwaafu11 on May 18, 2023, 01:36:12 PM

Quote from: Crypt0Gore on April 25, 2023, 06:30:54 AM

I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Your friends don't want to hear the truth about bitcoin because, in my opinion, they are gambling addicts who believe that bitcoin cannot provide them with the money they regularly win from gambling. For this reason, I believe that no matter what you explain to them about bitcoin, they won't agree with you, especially if you say that it requires a lot of time investment and that you must wait a very long time before making money from it. They won't even bother to look at it.
However, as long as you haven't invested in other shitcoins that will even cause you to lose more than a gambler, investing in bitcoin is plainly distinct from gambling.

There are many things that can be seen, when you bet some have a fetish with using bitcoin, and not using another currency, but there are others who don't, who only bet on altcoins, personally I really like to bet with bitcoin, of course now everything The world complains about the high rates, something that I understand quite accurately because at the moment of withdrawing it is not good because a lot of money is taken, so I think that I have already said it in many threads , what can be done there is that it can be reduced the number of sats that can be done.

Silberman

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Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Believe it or not there are people that dense, it is true that we have access to most of the information the world has to offer, but people do not use this potential at all and prefer to use that access for entertainment purposes only, so despite the fact that the information regarding gambling and the impossibility of producing profits for the majority of gamblers out there is widely available, we still have a great deal of people which ignore this fact and will eventually be disappointed by their lack of positive results.

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Quote from: Crypt0Gore on April 25, 2023, 06:30:54 AM

snip

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Tell your friends, never to equate pears and apples, they both look the same but are very different;

Quote

gambling, the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation.

[1] https://www.britannica.com/topic/gambling

Quote

Trading involves vigorous participation in the financial markets in comparison to investing, which works on a buy-and-hold strategy. The success of trading is dependant on the ability of a trader to be profitable over a period of time. A trader is a person who gets involved in buying and selling of a financial asset in any financial market. He or she can buy or sell either for himself/herself or on behalf of another individual or institution. The main difference between an investor and a trader is the duration for which he or she holds on to the asset.

[1] https://cleartax.in/g/terms/trading

some people still think that trading is gambling because if you trade without skills, analysis, and management then you are doing gambling ^{(opinion of some people and what is circulating in general)} by relying only on luck but if you use all three then you are do trading ^{(not gambling)}

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Quote from: molsewid on June 04, 2023, 01:49:57 PM

Quote from: Jody.Drummer on June 04, 2023, 12:56:23 PM

Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

Yes I believe in that but for me there's only a thin line between them. Both needed to take a risks and I think trading is more riskier because trading depends on market which is very volatile while in gambling you can stop anytime you want because you are the one who operates your bet, but all in all both needed a discipline because you can go broke or you can be rich instantly in any of these.

Talking about risks, it is very clear that in any case there are risks that we have to take, the difference is how big or small the risk is. But in gambling for me it's no longer a risk, but we have to think of the money we put in as money that has been lost. Investment is another thing for me, especially when we invest in bitcoin, for me personally there is no doubt to wait for profits, as long as we can hold on for the long term.
I often hear of someone going bankrupt because of gambling, and many of them even decide to end their life because they have lost too much money and have too many debts.

molsewid

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Quote from: Jody.Drummer on June 04, 2023, 12:56:23 PM

Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

Yes I believe in that but for me there's only a thin line between them. Both needed to take a risks and I think trading is more riskier because trading depends on market which is very volatile while in gambling you can stop anytime you want because you are the one who operates your bet, but all in all both needed a discipline because you can go broke or you can be rich instantly in any of these.

Zackgeno96

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Activity: 1778

Merit: 520

There are very few people who have become truly happy from gambling. And certainly not much gambling. What is a hobby for fun for one person can become an addiction and obsession for another. And that's when things start to go seriously wrong. I don't know how you can get rid of that if you're already deep in it. Those are things that don't just happen in a day. It also depends on the country where you come from, each country has its own rules regarding gambling.

Jody.Drummer

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Activity: 1750

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Leading Crypto Sports Betting & Casino Platform

Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

savetheFORUM

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Activity: 1176

Merit: 140

Quote from: nullama on June 04, 2023, 01:46:14 AM

Quote from: TheGreatPython on June 02, 2023, 01:39:03 AM

~snip~
Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Yeah, but also in trading you need to consider the trading fees you need to pay to the platform, plus any capital gains tax that you might get.

So, even if you manage to get a winning by trading, there's lots of costs associated with it, which don't apply in gambling as there's no transaction fees or taxes involved.

Trading fees and taxes don't take away much from the profit that you earn from trading, exchanges usually charge maybe about 0.25% or even less for each trade that you make as a taker, and when you are trading as a maker which means you are not selling or buying at the market price, you are not even charged for the trade, at least that is how it works on Binance and it is the largest centralized exchange out there.

Considering that, I still don't feel that gambling and trading should be compared as they are too different from each other by nature. You might call investing in meme coins and useless tokens a gambling but that is a totally different thing.

Topic: I am only trying to stay safe by gambling less - page 10. (Read 3074 times)