Topic: I am only trying to stay safe by gambling less - page 21. (Read 2882 times)

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.

There are already many gamblers who want the same thing as you and unfortunately only a few can afford to be able to stay safe while reducing gambling because gambling is an activity that is difficult to stop because of curiosity and domains that are difficult to stop.
What's more, for those who have truly become an addict, it will be more difficult to reduce it, even forgetting about gambling for a moment will never be possible if someone is already an addict.
That is why it is important for a gambler to limit and reduce the gambling sessions that are carried out in order to avoid excessive gambling addiction.

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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.

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Gambling less is a good strategy to overcome addiction or not get addicted to gambling because it's very addictive. You have to look for other things to do to take you time so you won't have much free time to be thinking about going to gamble.

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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.

That definitely is a good point. People with no knowledge and experience about cryptocurrencies but still investing in them are simply gambling their money away and that cannot be considered an investment since they don't even know what they are doing in the first place, all they do is listen to some influencer and go ahead and buy a token straight after that.

There is no research, no analysis, no reading charts or even reading any news about how that particular cryptocurrency is doing or even what it's about, who is the team behind it, and how it operates. Without any of this knowledge, if you are investing in something, you are simply gambling.

This really depends on how you invest and how you manage your portfolio.
A lot of my friends told me that they started investing and when I asked them what did they invest in, they told me they bought Safemoon or Muskcoin or even worse - 10 random NFT's.

This is gambling at its purest - you would have more chance of winning if you picked a number on a roulette table.

Investing is a skill. Most of the people investing in crypto are something entirely different.

If I were you, my simple answer is to accept that they are right, but because life itself is gambling. But I will explain further that if it is gambling using money for it on gambling sites, that investing in bitcoin is not the same as gambling on gambling sites, they are different.

If the argument continues and I explain further and they did not accept, there are some arguments like that, that will not end.

Trading that is even riskier is not gambling, not to talk of investing in bitcoin. You are correct.

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.

Your friends are very wrong, there's a very big difference between gamblers and investors although we do have people that gamble with their investments and this are different from real investors a d just those people looking for quick riches.

Agree with these. Some of the people who gamble often have a same story where whenever they get to win some money, they tend to not take the profit but get fed up by their idea that they can get more profit. It is like they do not have that self control that they mostly end up losing their money and the profit that they should already have. In gambling, since it is still a game of luck, you should know that it is not always your lucky day, but if it is, you should learn to calculate the risk and take home profit and basically learn when to stop. Indeed that gambling less or having specific limit would make the situation better so that you can get yourself out of being addicted to it. In terms of bitcoin investing, one should indeed have knowledge on it so that the risk would be minimize and have self control as well. Also, learn to bounce back to your losses since, unlike gambling, here you can get back from your losses and actually get the profit you want at the end of the day.

Bitcoin investing could fall into gambling if you are just investing because of greed, because your friends tell you to do so. If you are not actually aware of the risks you are taking and have no prior knowledge and experience about investing, surely the outcome will certainly like gambling. However, if you invest because you have gained utmost knowledge about bitcoin and you believe that it could bring you life changing profits, then most likely you will achieve a positive outcome that’s too far from gambling. But with gambling, no matter how good or expert you are in it, you will never give yourself opportunities to win because when you are already winning some profits, you still continue to gamble hoping for bigger profits, but eventually you lose them all and used up all your winnings.

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.

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.

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.

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.

I believe it's fine to compare gambling to short term trading, because there isn't actually any difference between both. You never know what is going to happen on the next hour or on the next day with Bitcoin price. Only long term trading makes more sense from an investment perspective, as that is how solid profit is made on this industry cycle after cycle, which pushes crypto market as a whole to upper marketcap's levels.

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?

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.

Both of you are right actually, because making an investments is also a gamble because we really don't know what will be the outcome. As if we know the outcome, will it still be called a gamble? Most probably, it's a hard no.

But by the way, does arguing about this thing got any advantage towards their gambling and your investments? You guys surely have a lot of time to waste because this kind of argument is pointless and endless especially if neither one of you will accept that one of you is right and one of you is wrong.