Topic: I am only trying to stay safe by gambling less - page 23. (Read 3074 times)

a lack of understanding about bitcoin which might make OP's friends quickly conclude that investing in bitcoin is the same as gambling or it could be that OP's friends only heard of religious leaders who may never want to be literate with technology so they think it is gambling, but actually there is a difference between the two because investing in bitcoin is the same as gambling, we will never lose our assets but only lose their value which can be a big advantage at any time, that's why it's different from gambling

Playing gambling when we lose then we will lose our money and assets along with their value but not by investing in bitcoin it only loses value at certain times but most people who invest in bitcoin are long term so it's different from gambling which cannot play in the long term except to become an addict and still he will lose money every day. 

Investing in Bitcoin is gambling. What is gambling?  According to McGill university, gambling is taking part in any game or activity in which you risk money or a valuable object in order to win money. Did you risk money or a valuable object when you invested in Bitcoin? Yes. Is the goal of investing in Bitcoin to make money? Yes. However, there is a clear distinction in both investing in Bitcoin to make money and  gambling at a game to win money. You should know this by now. Funny thing is that I have never heard of anyone who is a pathologically Bitcoin investor such that of they don't invest in Bitcoin which is like gambling from my definition, they can function properly or they have to go as far as stealing to invest in Bitcoin. It has never happened but I cannot say the same for the regular gambling which we know about.

Ref
-https://youthgambling.mcgill.ca/Gambling2/en/adolescents/whatisgambling.php

- nskdeti.ru/j07uf/what-is-gambling-behavior.html

Your friends must have the wrong idea about gambling and trading or investment. Because there is a big difference between gambling and investing. If someone invests in bitcoins he may loss his assets temporarily of time but again he gets a chance to win big return due to long time holding. But in gambling win or lose either one has to be accepted. Moreover, in case of defeat there is no chance to get his money back. Although many people think of Bitcoin as gambling because of its volatility, the two things are completely different. If we think of it directly without relating it in any way, then gambling has no resemblance to it.

I will answer according to my personal understanding and from the experience I got. but I'm not sure if this is right or wrong.

first of all, we can't compare gambling with trading/investing, it's really different. if we want to admit and realize that both are really different from the real side.
gambling is a business that is established to make a profit or you can call it a place to have fun with a little luxury of risking money to have fun or entertain yourself like when playing the PUBG game we have to reload to be able to complete the appearance of our weapons to make it more attractive and when playing this game can get fun and entertainment. so gambling is just like a little fancy game.

while trading / investing is a place to generate profits using any strategy that can be applied to gain profits such as the stock market. in this investment or trading we can apply an analysis strategy that can bring us to profit. different from gambling based on luck.
and if you ask your friends how much profit you get from gambling, it is one of the mistakes that your friends gamble to find pleasure in gambling not to make a profit.
yes, maybe there are some who think that gambling is a place to multiplier money, it's their own fault, they think that gambling is a place to make a profit. that's a big mistake.
the simple understanding is that gambling is a place for fun based on luck and investment/trading based on strategy analysis that can be set to make a profit and this investment is based on managing your own finances.
so it would be a mistake to compare gambling with investing or trading.

Perhaps what your colleague meant by equating investing with gambling is that both have uncertainty of returns, so your colleague thinks that it is the same as gambling which also has the opportunity to experience losses.
You are right that investment is more positive than gambling but it also depends on the type of investment choice because not all investments will provide definite profits in the future, but if the investment is Bitcoin today it is very likely to provide profit.
You don't have to make your friend realize his mistake because he just doesn't like to invest so he makes excuses by equating it with gambling, because indeed gambling can be more fun than investing because investing requires patience until it provides benefits for us.

True, friends, in this era, there are many people who don't really understand cryptocurrencies, have the same thoughts as you said, in the environment around me, there are also many people like that who have limited technology and lack insight into cryptocurrencies, have the same thoughts, in my opinion a stupid assumption.
It seems more difficult to convince other people to really believe and want to take advantage of your BTC because I myself have done the same right and in the end all I got were insults and inappropriate words.
It's better to think for yourself and not care about what other people say.
The only way is to stay focused on the goals that have been previously set.

Even if he only holds his bitcoins and the bitcoin price goes down, he still has a chance to see the bitcoin price go up again. And if he can still hold on to his bitcoins when the price drops and can even buy more, he can sell at the next high price. That will give him an advantage over playing gambling which only eliminates his money at the gambling table. Losing money in bitcoins is recoverable, while losing money in gambling is very difficult to recover. So it's up to him to choose which one.

In a way both of you have some good points as if you really begin to think about it you will understand that almost anything has some gambling elements on it, however bitcoin investing is not gambling as you are not only depending on your luck to obtain positive results, this makes bitcoin investing somewhat predictable and allows those which can see those patterns to become profitable, something that we know is not possible on the gambling games in which you are completely dependent on luck and in which it is impossible to obtain positive results with any method.

why not just go your way mate? you are into trading and your friend is about gambling so what is the sense of this debate?
are you affected on what they are telling you? and also who is a complete winner here? isn't you?
in trading even if you lose today , there is still a big chance that those coins may pump in the coming days as it stays there unless you sell them.
while in gambling once you lose your bets then it is not already yours.

forget them mate and just enjoy your trading and have some fun sometimes in gambling like what you are doing.
less gambling and more on trading?
that is the perfect way to deal with mate.

When your friends watch different news channels than yours, you will always have different views on things like Bitcoin investing. When news media represents Bitcoin as geek coins for casinos, they will believe it. And when Congress is having a hearing about cryptocurrency regulation, they all assume everyone is into gambling already.    All that means is that you can't convince anyone until they are using BTC and have made money out of it also.

Honestly, I don't see much difference between trading and gambling, as both rely heavily on luck. However, in trading technique and skill are much more decisive in your profits than in gambling.

I believe that in both cases what makes a big difference is how much real money you are investing in it.
We know that Bitcoin in the long term has a great chance of appreciating, so even holding is safer than trading. But we also know that trading in the conventional stock market has already made many rich people, why couldn't you do the same in crypto?

Keep investing in what you believe in, but never risk more than you can afford to lose.

Of course, be sure to play gambling too, but look at it as entertainment and not an investment.

Everything is gambling. Even if you are running a business and you were also gambling with your luck. if you are lucky enough and you will get a success but if you were not lucky enough and you will be failed. Life is about how luck your are.
What your friend said was the truth. Investing = gambling. Even if you are only holding your bitcoin and it can also still make you lose your money. That's the point.

I am not sure if they are willing to show you some proofs or if they truly have one , but I love your determination and perseverance about this matter.
as you stand to protect the interest of investors against gamblers and that is what we need to provide for everyone who wanted to ruin investing over gambling.
when I starts learning , I thought this is same as gambling because I literally putting my money at risk.
but eventually I understand that they are different thing , gambling is pure luck while investing is about knowledge and understanding .
same as can be predicted lower than the prediction in gambling.

Both have got to be gambling in some form, and investing stands seems to be better than gambling for the positive outcome. Investing turns to be completely a gamble when the investment is made on a random basis without analysing about the respective token/coin. In that case there are success as well as massive loss. Not everyone does it, another thing trading is not pure gamble. When we gamble with the fund the result used to be win/loss. If it's loss we'll loss entire fund whereas with trading/investment the market drop will be the loss which can be overcome if we have the patience.

Yes, you are right, there are still many people who misunderstand about trading and investing, even in my environment some people still say it's the same thing. But after I explained in detail and I showed them the difference, they finally understood and no longer said the same thing. I'm not going to blame them when they say that, because obviously they basically don't know it and it's my job to explain to them the difference between the two. After I explain it back to them, will they say the same thing again or vice versa.

Nobody will like to tell you what they are doing is wrong or discourage you from doing same since they know what it's cost them in doing same, they wouldn't mind you joining them to constitute the same experience they are having, if you are a newbie to gambling and wanted to join, then you asked a friend, he wouldn't tell you anything to got you discouraged, he will rather prefer getting you onboard to join in having same experience with them, if you wanted to invest then use your investment fund for that same purpose and don't gamble with it, if you're interested in gambling, know that it involves taking the risk of loosing the money used in gambling, not a gambler or the casino will tell you this truth.

In general, investing isn't the same as gambling, that's because investing is done on the basis of analysis, while gambling is all about chance. So, it can be concluded that these two things (investment and gambling) are different things. But in particular, if we examine more deeply related to the mechanism between the two things, I have to agree that investing and gambling are the same thing. Peanutswar's opinion represents what I'm saying, you can see it and it sounds more complex.

The only comparison that you could get in investment and gambling is that both could consider have risk and unpredictable. However they are not the same, investment are not based on luck that you'll need to know the basics and knowledge. It is also a complicated system if we talk about investment there's a lot of process for you before you even earned a huge amount. And losses in investment could be a character development for you.

While for the gambling, theres also a risk and probability but that is not the same thing, analysis also involve and decision making but the process how you can earn and loss is just simply all in. If you won then you won, if you lose then you lose simply as that. Gambling also is much fun if you don't aim to earn unlike in investment. But it would be better to invest than to risk your funds in gambling that you can be addicted if you loss a lot.

Gambling is not investment because it only extract money from you most time. Going into an investment with the fundamental basic concepts of the business and its market strategy, will enable you to make profit from the business in a long term run. Bitcoin is an investment that you have the hope to make profit at a particular period of time due to the nature of bitcoin in its cyclic movement. Gambling is far different from bitcoin investment because it has no predicted time of winning. Most of the wins from gambling is based on luck. Next time just play along with them to make them feel they won.

There's actually an easy explanation for this type of argument even with the volatile attribute of Bitcoin.
Gambling - Win or Lose. (actually more on the losing side)
Investing in Bitcoin - You are literally doing piggy bank savings if you are not looking at the price movement.

I think what they want to really compare with Gambling is Trading and not Investing in Bitcoin.
Because in trading, (although there is TA) a chance to lose is a normal thing to happen because of the price fluctuations that are unpredictable. Maybe you should also try to explain to them the difference between Trading and Investing first. Some people are confusing these two, especially short-term investing.