I am only trying to stay safe by gambling less - page 20.

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Quote from: LDL on April 30, 2023, 07:54:57 PM

Quote from: BobK71 on April 30, 2023, 06:38:09 PM

I agree with you that when a gambler doesn't have the right idea about investing in Bitcoin he puts the investment in the same category as gambling. That is, gambling and investing may seem the same to those gamblers. But in reality two different things. A gambler has to invest in a platform where he/she is exposed to huge profit or loss due to Bitcoin volatility. But if it is held then it can give big returns. But gambling does not expect anything like this. The main tool of gambling is luck. If the luck is good then you can win but there is no chance of getting any fixed money on the investment.

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

Investing in bitcoin you will still have the BTC number that is owned especially if it is not sold it will still be there but what is clear is that the profit will definitely be obtained if they can hold it longer.

It's a gamble that has two choices of winning or losing, so that's what determines the factor of gambling and investing, so it's clear that it's very different when compared.
I don't know why many people compare this. It's even clear that many people are successful in investing because of what they have made. Meanwhile, gambling is just a bet in a game, so there are no massive profits here, but for fun, by being prepared to lose money, many people have done that.

Many are destitute because of gambling addiction because they cannot control it, but if he can control it then it will not cause any problems as long as investment is their main goal.

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Quote from: Tumanggor on May 01, 2023, 01:06:17 AM

Quote from: LDL on April 30, 2023, 07:54:57 PM

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made

But there are definitely people who want to try gambling as a career but let's hope they are aware of the consequences. They might get wins but defeats are sure to come after they play and defeats can come more often so they have to think again about making gambling a career.

But it could be that there are people who have gambling skills like the games you mentioned so they decide to make gambling as a career. And to have that skill, they have to keep learning to improve it through practice.

flipme

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Actually, life itself is a gamble. All our choices sometimes benefit us and sometimes harm us. If we think like this, life becomes a gamble. However, such a way of thinking would be somewhat shallow. Of course, we cannot deny that it has a literary aspect, but it would be a shallow and unrealistic approach.

Bitcoin has a strong philosophy. It is a peer-to-peer payment system that eliminates third parties. It is a store of value, unlike inflationary fiat currencies, which have an unlimited supply. In short, it's a revolution that could change the world. Gambling is gambling as we know it. Comparing these two seemed ridiculous to me.

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Quote from: LDL on April 30, 2023, 07:54:57 PM

Quote from: BobK71 on April 30, 2023, 06:38:09 PM

I agree with you that when a gambler doesn't have the right idea about investing in Bitcoin he puts the investment in the same category as gambling. That is, gambling and investing may seem the same to those gamblers. But in reality two different things. A gambler has to invest in a platform where he/she is exposed to huge profit or loss due to Bitcoin volatility. But if it is held then it can give big returns. But gambling does not expect anything like this. The main tool of gambling is luck. If the luck is good then you can win but there is no chance of getting any fixed money on the investment.

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

Anyone who is not addicted to gambling, only he can gamble less and therefore knows his limitation and will not lose his money.
Many people are too addicted to gambling that they never think of ways that may lead them to better money management and less loss through gambling.

Quote from: Oasisman on May 01, 2023, 01:58:34 AM

Regardless if you have an extraordinary skills in gambling, like most of those games you have mentioned, LUCK would still be a huge factor to win

Do you know that sometimes a person is lucky and he gambles less and still ends up making more money than the one who gambles all day, stays unlucky, and ends up losing?
This can be the other way around too like a person gamble less and win nothing because of bad luck while another person is lucky, he gamble more and also win more.

len01

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Quote from: wiss19 on May 01, 2023, 01:53:02 AM

Quote from: len01 on April 30, 2023, 03:55:33 AM

talking about the benefits there are 2 options, namely gamblers will win when they avoid gambling and don't come back or become bookies, that will be very profitable.

from some of the differences between investing in bitcoin and gambling using bitcoin, this is actually very different but sometimes one thinks too seriously about this. it's clear that investing is like saving when the price drops we won't really lose all our funds and there will be a time when the bitcoin price recovers or pumps and that's when we are lucky.
but gambling using bitcoins we deposit to gambling sites to bet and unlucky end up losing all the money. because as I said last time that gambling based on luck and investment is a strategy for managing ways so you don't lose too much.

Someone who thinks that gambling and investing are the same is simply a fool. There is no only luck in investments, especially when you are investing in cryptocurrencies like Bitcoin, it can be gambling if you are investing in meme coins for high profits but good coins probably return some money to you eventually.

When it comes to gambling, there is no guarantee that you will get any of your money back no matter how hard you try since it's totally based on luck and there is no influence of anything else that might make you win.

well, that's what I mean that investing will be like gambling when choosing a coin under bitcoin like a new meme coin or shitcoin where profits depend on luck because a new shitcoin or meme coin can be worthless when it turns out to be a scam. but if investing in a proper coin like bitcoin, I think it will not be the same as gambling because the price of bitcoin will not be possible to 0 and even more expensive in the future.

usually those who think gambling and investing are the same are beginners who are new to investing and gambling. so that the person thinks that the two are the same.

Oasisman

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Quote from: Tumanggor on May 01, 2023, 01:06:17 AM

Quote from: LDL on April 30, 2023, 07:54:57 PM

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

Regardless if you have an extraordinary skills in gambling, like most of those games you have mentioned, LUCK would still be a huge factor to win against your opponent and you cannot make a consistent gain or win in gambling, so making it as a career is definitely a wrong decision not unless if you do it professionally, I mean when you're paid to play in the tournaments.
Please don't mention about "nothing is wrong" making gambling as your career. A lot of people have already ruined their lives and their families because of excessive and uncontrolled habits in gambling - so don't you dare encourage more gamblers that it's "FINE" when you have skills lol.
Remember, gambling is for entertainment purposes, not for money making purposes. People who walked in with the wrong intentions will most probably going to walk out broke before they even realized it.

wiss19

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Quote from: len01 on April 30, 2023, 03:55:33 AM

talking about the benefits there are 2 options, namely gamblers will win when they avoid gambling and don't come back or become bookies, that will be very profitable.

from some of the differences between investing in bitcoin and gambling using bitcoin, this is actually very different but sometimes one thinks too seriously about this. it's clear that investing is like saving when the price drops we won't really lose all our funds and there will be a time when the bitcoin price recovers or pumps and that's when we are lucky.
but gambling using bitcoins we deposit to gambling sites to bet and unlucky end up losing all the money. because as I said last time that gambling based on luck and investment is a strategy for managing ways so you don't lose too much.

Someone who thinks that gambling and investing are the same is simply a fool. There is no only luck in investments, especially when you are investing in cryptocurrencies like Bitcoin, it can be gambling if you are investing in meme coins for high profits but good coins probably return some money to you eventually.

When it comes to gambling, there is no guarantee that you will get any of your money back no matter how hard you try since it's totally based on luck and there is no influence of anything else that might make you win.

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Quote from: LDL on April 30, 2023, 07:54:57 PM

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made

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

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

True. Majority of casino gamblers are losing their money because many games are solely depending on luck in order to win. While if you invest in Bitcoin, your knowledge can help you to understand it well on how to take advantage the market on when to buy and sell. So they're different though both are associated with risk.

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

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.

If the result is uncertain it can be called gambling. But as I have said, it's different if you invest your money in Bitcoin compared to using it to gamble in a casino. Anyway, don't bother yourself if your friends can't understand your point. Let them believe what they want so just focus on yourself.

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Quote from: Rigon on April 28, 2023, 06:25:35 PM

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

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, 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.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

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.

Gambling and Bitcoin investing are completely different things. When a person loses gambling, that person never gets his lost money back. But whenever a person takes a loss by investing in Bitcoin there is a time when that person can expect to recover the loss. And investing in Bitcoin can be highly guaranteed to recover from losses. So the thinking of your friends is completely wrong. Your friends may have got some winnings at present due to which they are more addicted to gambling. You become less addicted to gambling by holding on to Bitcoin investments. At some point your friends will be around you to prove that gambling is really different from investing.

I can only add that the mindset of gamblers is different from that of investors. In this view they are not really the same. Of course, a gambler always thinks that everything is a gamble and we can't change that in his mind, the same way a gambler can't change the mind of an investor that investing is not a type of gambling.

If we look at an investor, he does not rely on his investment to get lucky, instead the investor sees the potential that people will own it and it will be useful in the future, which is the opposite of what is said to be gambling always rely on luck to win, that's why you earn different from investment than winning gambling.

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Quote from: LDL on April 30, 2023, 07:54:57 PM

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.

Gambling and Bitcoin investment aren't the same the same thing so it's surprising to see the two get compared together, gambling is all about luck as you have said and I think that's an established fact that anybody gambling is just relying on his luck to win.

No gambler can say he has a verified way of playing that whenever he palys that way, he'll wins and if another person was to play exactly as he does that the person will win too. Gambling is just luck and each gamblers has a day when they'll be very lucky.

Gambling isn't a bad thing to do but as you gamble, don't get addicted. It's when you get addicted that it becomes a bad thing since addiction can make you do unthinkable things and also never use money that was meant for something else to gamble.

LDL

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Quote from: BobK71 on April 30, 2023, 06:38:09 PM

I agree with you that when a gambler doesn't have the right idea about investing in Bitcoin he puts the investment in the same category as gambling. That is, gambling and investing may seem the same to those gamblers. But in reality two different things. A gambler has to invest in a platform where he/she is exposed to huge profit or loss due to Bitcoin volatility. But if it is held then it can give big returns. But gambling does not expect anything like this. The main tool of gambling is luck. If the luck is good then you can win but there is no chance of getting any fixed money on the investment.

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

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Quote from: Viscore on April 30, 2023, 04:46:04 PM

Quote from: Adbitco on April 25, 2023, 06:50:04 AM

Why would you go arguing with them since you know is a blind argument?
You already knows the answers and i didn't expect you to go this far trying to make them believe bitcoin investment is more secure and is off from gambling. They knows already but wanting to pull out your legs to see your innermost answer but believe me or not there is no way in a day you could compare bitcoin investment to gambling.
Let say they gambles with $2k and expected to win $100k maybe after the day or the week, probably the game went against them and they lost a total sum of $2k is there any way to get it back from the casino? Obviously No because nothing to hold at that point in time, but what about bitcoin investment?

You may use same value and invest into bitcoin, is either the price will increase or decrease and if the price decrease all you need to do is to be patient for like 2 months or at max 1 year you will still get back same value worth in btc but increased in usd equivalent, that is to say you may have $3k increased but same fractions of bitcoin left still there in your wallet. Do not argue a blind argument next time!

Bitcoin investment has certainly a lot of advantages compared to gambling. While gamblers focus only on luck to gain profits, but investors are using their knowledge and developed skills so they can create more chances to make profits. So there’s no sense arguing and comparing bitcoin investing into gambling. The only reason bitcoin investment falls into gambling is when the investor think like a gambler and does not actually know how to make his investment works.

I agree with you that when a gambler doesn't have the right idea about investing in Bitcoin he puts the investment in the same category as gambling. That is, gambling and investing may seem the same to those gamblers. But in reality two different things. A gambler has to invest in a platform where he/she is exposed to huge profit or loss due to Bitcoin volatility. But if it is held then it can give big returns. But gambling does not expect anything like this. The main tool of gambling is luck. If the luck is good then you can win but there is no chance of getting any fixed money on the investment.

tiCeR

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The less influence you have on an outcome by using cognitive effort, the more it is gambling. In roulette you can put in as much effort as you want to understand the mechanics behind it, your personal contribution to anticipating an outcome doesn't change. The same counts for Bitcoin when you just jump into it without familiarizing yourself with it but only follow some google search trends and a graph that goes through the roof on Coinmarketcap. You are probably still better off as the herd behavior could be a good indicator of what's happening, but for you individually it would still be considered gambling.

If you put effort into understanding the technology and its consequences, you could at least for yourself reduce the element of gambling about that investment. I wouldn't eliminate the term altogether as there is always a bit of gambling involved when you invest money, that even counts for treasury bills as even governments could fail to repay their debt. But it is a difference when you know what kind of problems a certain technology tackles and why people bought into it in the first place. There are certainly a lot of gamblers who got into Bitcoin, but there are also a lot of people who did tons and tons of research into understanding it and they made a well-considered decisions based on calculated odds that justify an investment from their personal point of view.

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Quote from: Viscore on April 30, 2023, 04:46:04 PM

Quote from: Adbitco on April 25, 2023, 06:50:04 AM

Why would you go arguing with them since you know is a blind argument?
You already knows the answers and i didn't expect you to go this far trying to make them believe bitcoin investment is more secure and is off from gambling. They knows already but wanting to pull out your legs to see your innermost answer but believe me or not there is no way in a day you could compare bitcoin investment to gambling.
Let say they gambles with $2k and expected to win $100k maybe after the day or the week, probably the game went against them and they lost a total sum of $2k is there any way to get it back from the casino? Obviously No because nothing to hold at that point in time, but what about bitcoin investment?

You may use same value and invest into bitcoin, is either the price will increase or decrease and if the price decrease all you need to do is to be patient for like 2 months or at max 1 year you will still get back same value worth in btc but increased in usd equivalent, that is to say you may have $3k increased but same fractions of bitcoin left still there in your wallet. Do not argue a blind argument next time!

Bitcoin investment has certainly a lot of advantages compared to gambling. While gamblers focus only on luck to gain profits, but investors are using their knowledge and developed skills so they can create more chances to make profits. So there’s no sense arguing and comparing bitcoin investing into gambling. The only reason bitcoin investment falls into gambling is when the investor think like a gambler and does not actually know how to make his investment works.

Only by just using up with your own common sense then you could really be able to tell about their main difference, on which you would really be able to identify which one would really be that worth in speaking about

making profits in long term which its of course would really be only possible with investment.Yes, its still risky but its not as risky when you do gamble plus its not really that an entertainment thing if we do pertain about trading on which it is something that you would be dealing up and would be needing to hold up whether for short term or long term according into your own plans and targets or goals with it.
If you do want on to play on the safer side then investment is the right choice but if you do want some fun time and enjoyment without minding about the money that
that been making use then gambling would be the place. Actually they do really have different function and different approach to be made off specially when you are really that
comparing about their differences.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

according to your caption - if having it as that would make you even more precautious, then there you go!!
If there's one thing I try not to do is getting addicted to anything at all - good or bad...as that becomes a problem when it's not done frequently as it used to. I was at a casino house two days ago and then I saw this young lad, zealously seeking odds to fixup and wager on VIRTUALS ... He tried severally and it was to no avail... I mean, we heard the whole stories clear when you wasn't able to pay up his bills for every ticket....only a person with incomplete senses terms Bitcoin investment as gambling...

Sandra 🧑‍🦰

Viscore

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Quote from: Adbitco on April 25, 2023, 06:50:04 AM

Why would you go arguing with them since you know is a blind argument?
You already knows the answers and i didn't expect you to go this far trying to make them believe bitcoin investment is more secure and is off from gambling. They knows already but wanting to pull out your legs to see your innermost answer but believe me or not there is no way in a day you could compare bitcoin investment to gambling.
Let say they gambles with $2k and expected to win $100k maybe after the day or the week, probably the game went against them and they lost a total sum of $2k is there any way to get it back from the casino? Obviously No because nothing to hold at that point in time, but what about bitcoin investment?

You may use same value and invest into bitcoin, is either the price will increase or decrease and if the price decrease all you need to do is to be patient for like 2 months or at max 1 year you will still get back same value worth in btc but increased in usd equivalent, that is to say you may have $3k increased but same fractions of bitcoin left still there in your wallet. Do not argue a blind argument next time!

Bitcoin investment has certainly a lot of advantages compared to gambling. While gamblers focus only on luck to gain profits, but investors are using their knowledge and developed skills so they can create more chances to make profits. So there’s no sense arguing and comparing bitcoin investing into gambling. The only reason bitcoin investment falls into gambling is when the investor think like a gambler and does not actually know how to make his investment works.

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Quote from: Silberman on April 29, 2023, 11:10:39 PM

What I find the most amazing out of the whole situation is that if someone was interested in gambling on the market of cryptocurrencies then those are in a way the right steps to do so, however those people actually believe that by doing that they have a good chance of making money, a ridiculous notion as it seems they do not understand that the markets are a zero sum game, and the only way to get any money out of them is by being better than the majority of traders out there.

Yep, this is a hugely important thing to highlight and is often completely neglected.
Every dollar you win has to come out of somebody else's pocket, and a lot of institutional investors/traders with 10+ years of experience and the best tools at their disposal are actively trying to take yours.

Without experience in trading, your chances are way better at slot games than against Ivy League sharks. That one's for sure, and most people consider investing to be safe.

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Quote from: LDL on April 30, 2023, 12:45:25 AM

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

~

Your friend's idea is not correct, your friend compared bitcoin investment to gambling. There is 100% risk in gambling investment but there is a risk in Bitcoin investment but there is ample opportunity to recover that risk later. If you are involved in gambling then there is a potential risk of losing your investment but not with Bitcoin.
Moreover, there is no specific age limit for Bitcoin investment, but for gambling, you must be 18 plus. Generally those who are studying are not banned from investing in Bitcoin but students are completely banned from gambling.

Maybe it's because they don't really understand the difference between gambling and bitcoin. They don't know that in gambling, losing is certain, whereas if someone loses in bitcoin while he is investing, he still has a chance to recover his losses and can even get a big profit. But that is as long as he doesn't sell his bitcoins when the price of bitcoin drops sharply like now.

Although there is no age limit for investing in bitcoin, it is better if someone is over 18 years old so that he can overcome panic or have good self-control. This will help him stay calm if the market is volatile and will not act quickly.

molsewid

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Quote from: LDL on April 30, 2023, 12:45:25 AM

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

~

Your friend's idea is not correct, your friend compared bitcoin investment to gambling. There is 100% risk in gambling investment but there is a risk in Bitcoin investment but there is ample opportunity to recover that risk later. If you are involved in gambling then there is a potential risk of losing your investment but not with Bitcoin.
Moreover, there is no specific age limit for Bitcoin investment, but for gambling, you must be 18 plus. Generally those who are studying are not banned from investing in Bitcoin but students are completely banned from gambling.

Yes but i think there are still some minor who can gamble even though they are not yet 18, they can only be caught if all of the gambling site will implement KYC, but then investment and gambling are almost the same but in trading you can still create DCA but i gambling you cannot do it. OP just need to limit himself and have some more discipline so that they can limit loses and can prevent addiction.

Topic: I am only trying to stay safe by gambling less - page 20. (Read 3074 times)