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.
Topic: I am only trying to stay safe by gambling less - page 24. (Read 2882 times)
Gambling and investing have similarities in the sense that that both involve risk and they also involve money but they are in no way the same.
You need luck at all times to win a gamble. No matter how good you are and how much you analyze a particular sport to bet on, if you are unlucky you wont be winning shit.
In Investment, luck can play a role but it plays a very minimal role. If you do all you are suppose to do in an investment then there is a very high probability that your investment will yield profit.
It even gets better win an investment like Bitcoin. All you need do is to be patient, there is not single gamble in this world that doesn't require luck for you to win.
People who equate Bitcoin investment to gambling have no idea what Bitcoin is, they just listen to the hearsays about bitcoin without taking the time to find out what it actually is.
You need luck at all times to win a gamble. No matter how good you are and how much you analyze a particular sport to bet on, if you are unlucky you wont be winning shit.
In Investment, luck can play a role but it plays a very minimal role. If you do all you are suppose to do in an investment then there is a very high probability that your investment will yield profit.
It even gets better win an investment like Bitcoin. All you need do is to be patient, there is not single gamble in this world that doesn't require luck for you to win.
People who equate Bitcoin investment to gambling have no idea what Bitcoin is, they just listen to the hearsays about bitcoin without taking the time to find out what it actually is.
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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, though this may seem to be false for several others, but from all the research I've done, I've that, gamblers tend to be on the losing side in the long run, and the casino on the winning side, it doesn't matter how much the gambler win at the beginning, as long as he or she keep gambling, he or she will eventually lose it all and even more, though the loss is not something that happens once or twice, it spreads, and I believe this is why most gamblers don't even get to know that they lose more than they profit.
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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.
Some type of trading can be considers as gambling, most especially when the trader has no knowledge of what he or she is doing, for example, trading the futures market can be considered as gambling if the trader does not know anything about futures trading.
Gambling in casino websites and investing in bitcoin is twi different things. Sure both are considered gamble because both possess the risk of losing something valuable such as fund for gambling and for investment, but they have different purposes, different level of risk, and different way on how you will execute.
Gambling through casino websites are mostly for fun and entertainment. Players are after the excitement, happiness, and satisfaction variety of games bring. Although some are after the profit as well. Meanwhile, in investment, you are after the profit in either short term or long term. Of course, who would want their investment to fail right? Especially if it involves huge sum of money, people are hopeful it will earn profit and interest over time.
In gambling and investing, there will be completely different outcome if you will risk less. In gambling, you will less likely to get addicted if you are avoiding playing consecutively. There will be lesser risk for you. However, in investment, the lesser you try to invest, the more your asset could depreciate over time. Because as we know, inflation hits so bad as time passes by.
Gambling through casino websites are mostly for fun and entertainment. Players are after the excitement, happiness, and satisfaction variety of games bring. Although some are after the profit as well. Meanwhile, in investment, you are after the profit in either short term or long term. Of course, who would want their investment to fail right? Especially if it involves huge sum of money, people are hopeful it will earn profit and interest over time.
In gambling and investing, there will be completely different outcome if you will risk less. In gambling, you will less likely to get addicted if you are avoiding playing consecutively. There will be lesser risk for you. However, in investment, the lesser you try to invest, the more your asset could depreciate over time. Because as we know, inflation hits so bad as time passes by.
A wise decision. You can't lose if you don't play and sometimes that is as good as winning. Being an addict is the worst thing that could happen to a person and gambling addiction is one of the worst. Since you already mentioned that you are not an addict I think you won't be having a problem but many people that read these threads probably will. The same idea applies to trading as well. If you don't trade you can't lose. That's why most OG people tell the newbies to hodl their coins instead of gambling or trading them.
True, that's why there are individuals who rather invest on cryptos then gamble, because they know that in crypto the odds might be good as compare to like everyday gambling, you are going to lose more money in the long run. And if ever you, the urge to comeback and hope that you can repeat it. But then again, the odds will be slim then. So the best thing to do is if people are not into gambling or think of getting themselves into crypto, then think again. It's just better to invest and HODL. Although I myself is a gambler, I just limit myself and have control of my emotions, when to gamble and when to stop.
lol, how come you compare investing in Bitcoin and gambling. Investing isnt gambling, it is more complicated. Investing isnt affected only by luck. And dont forget, when you invest, even if things went bad, you can either sell with a huge loss, or at least get 1 sat back (because non of a crypto falls to zero value, it still is worth 1 sat). With gambling, if things went bad, that only means a loss, a full loss of bet. Yes, there are cash backs available. But not every casino offer it.
Well I think at some point, your friends might not be wrong and asking them to show you probes of them making more profits than losses isn't a justifying reason to not count Bitcoin investment as not gambling because if you agree with me, you'll understand that there are people who are full time into gambling and are doing extremely very well in it as compared to some crypto traders.
You also spoke about studying the chart and comparing it to lives games and I also wanted to remind you that you can aswell compare this to soccer betting where gamblers also have to make predictions based on analysis as well and with this few points I think there isn't much difference between gambling and crypto investment since they both have to do predictions to Make profit.
You also spoke about studying the chart and comparing it to lives games and I also wanted to remind you that you can aswell compare this to soccer betting where gamblers also have to make predictions based on analysis as well and with this few points I think there isn't much difference between gambling and crypto investment since they both have to do predictions to Make profit.
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.
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.
For me just a word of advice, I think your friends most likely don't want to lose an argument that is why let them be the correct one, and be silent about your investing and go on with gambling less, there is no point in arguing I can see that there are no end for this kind of dispute because investing is a less percentage like gambling in my opinion, and they will keep on arguing to it because there is a part in it that they are correct,
That is why you need to calm down and accept what they are saying to you because there is no wrong opinion and there is no wrong conversation I think you just need to open up your mind to what they are saying and accept what is right to them because sometimes you can also learn so thing about people with a different mindset than what you think, and if they are your friends one should need to let your guard down to accept something different I think it is just a friendly conversation anyway,
Many people around me also claim that investing into Bitcoin or altcoins has no difference to gambling or whatever. I strongly disagree this idea. Bitcoin is very strong asset that many people puts in their portfolio. It is undeniably very speculative asset but that doesn't make it gambling. Gambling involves risking your money for high gains. It is like give or take. On the other hand, investing into bitcoin is like expecting its price to up. If it doesn't you can sell and cut your losses.
It's easy to tell the difference, when you trade and invest in bitcoin and crypto when you buy it at a high price and then the price goes down it doesn't eliminate the amount of coins you buy because what goes down is the value so the advantage is investing in the long term, so you can make a profit within a few years, Well, it's different from gambling, when you play, you lose, you definitely lose everything and the money that has been deposited, so it's very clear that investing is different from gambling.I also often explain this to people who don't understand this because they are beginners, so we need to provide an explanation so they don't equate bitcoin-crypto investment with gambling, after all, bitcoin and crypt9 are only tools that can be used for gambling, doesn't mean that investment is considered gambling, it doesn't matter how to use bitcoin. this crypto
A wise decision. You can't lose if you don't play and sometimes that is as good as winning. Being an addict is the worst thing that could happen to a person and gambling addiction is one of the worst. Since you already mentioned that you are not an addict I think you won't be having a problem but many people that read these threads probably will. The same idea applies to trading as well. If you don't trade you can't lose. That's why most OG people tell the newbies to hodl their coins instead of gambling or trading them.
m2017 investing in altcoins can't be compared to gambling online, unless the investor decide to gamble on the project without doing their own research, I remember someone closed to me investing in Matic only, he said the project has potential, and this turned him into a millionaire, what potential is in gambling than gambling?
We invest in crypto projects because of their utility and the problems they solve in crypto space, there is no such thing with gambling, it's a complete dark out. I have my stories with altcoins but it get better when I can tell a difference between a scam project and one that has the potential, I can't do this with gambling on a casino.
The chances of making it big with altcoins are bigger and better than walking into a casino to gamble, I remember choosing GALA at 0.004$ and PYR at 0.90$ in 2020, they have all time high of 1$ and 40$, if you know what you are getting into you already have power over it, gambling is a world full of darkness and you have to move from one place to another.
We invest in crypto projects because of their utility and the problems they solve in crypto space, there is no such thing with gambling, it's a complete dark out. I have my stories with altcoins but it get better when I can tell a difference between a scam project and one that has the potential, I can't do this with gambling on a casino.
The chances of making it big with altcoins are bigger and better than walking into a casino to gamble, I remember choosing GALA at 0.004$ and PYR at 0.90$ in 2020, they have all time high of 1$ and 40$, if you know what you are getting into you already have power over it, gambling is a world full of darkness and you have to move from one place to another.
Many people around me also claim that investing into Bitcoin or altcoins has no difference to gambling or whatever. I strongly disagree this idea. Bitcoin is very strong asset that many people puts in their portfolio. It is undeniably very speculative asset but that doesn't make it gambling. Gambling involves risking your money for high gains. It is like give or take. On the other hand, investing into bitcoin is like expecting its price to up. If it doesn't you can sell and cut your losses.
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.
Oh, no. Investing in bitcoin and gambling are not the same thing. But investing in cryptocurrencies and gambling have a lot of similarities. Buying altcoins is like playing roulette: if you are lucky, you will earn. Most of these "gamblers" lose more often.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.
BTC-Investor can get a negative result only if he sells below the purchase price. No investor in their right mind would take this step. Unless, under the influence of panic and fear. But in general, if you have patience in the BTC dips and don't sell it, then in the long run bitcoin give is a positive result. Don't believe? Take a look at the price chart of btc for all previous years and see for yourself.
If only they could provide proof, huh. Most gamblers play at a loss and they should have kept quiet instead of agitating you to go over to their side.
You understand everything correctly. Ignore the provocations of your friends and act as you see fit.
We should not care about the silly arguments that are made about Bitcoin, but we do... right. In any way..... there are a huge difference between trading and investing in speculative investments and pushing your money into a Slot machine, hoping to get a win.
It is as you said.... if you ask the majority of gamblers to show their balance sheet, they will be in the red, because gambling goes with losses....but ask a Bitcoin owner to show his balance sheet, then you will find that most of them are in the green. (Simply owning Bitcoin, shows something positive on your books)
It is as you said.... if you ask the majority of gamblers to show their balance sheet, they will be in the red, because gambling goes with losses....but ask a Bitcoin owner to show his balance sheet, then you will find that most of them are in the green. (Simply owning Bitcoin, shows something positive on your books)
You are already in trading mate , so there is nothing to deal with them as gambling is too far from trading because in trading we can maintain our funds without doing anything but in gambling , you need to bet or else you'' have nothing in return.
in gambling we are risking too much but in trading we can keep Holding and stay safer.
in gambling we are risking too much but in trading we can keep Holding and stay safer.
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.
and only 5% winning and 15% is luck
they can not prove you right but also there is no need to have this debate , because gamblers has different views from investors like us.
they wanted an easy money when we are here for long term purpose .
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.
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.
You can take comfort in knowing that investing in Bitcoin is not at all the same as gambling. Bitcoin has use-cases and very likely has a future as well. When you earn (or lose) from Bitcoin, you are doing so from the fluctuation of its value that is derived from both its technology, economics and use-cases. Gambling is no more than a pursuit of gain from taking chance that is not in your favor. When you buy 0.1 BTC, you always have 0.1 BTC. When you gamble 0.1 BTC, the amount of BTC will fluctuate. There is a big difference. What is most similar to gambling would be trading. However if you are just holding, it is far from gambling.
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?
Yes, history proves that over time Bitcoin investors have undeniably positive results in comparison to gamblers.
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 .
Most gamblers will probably say that. Whether it is true or not is irrelevant. In the long term, they are always expected to be in a loss unless luck is majorly on their side. Even if it is, the gains probably will not outweigh the return that holding Bitcoin would provide in the long term.
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 - You are always expected to be in a loss in the long term.
Trading - somewhat gambling depending on how you are trading.
Holding bitcoin - Not gambling if you are disciplined and do not touch your holdings in the long term.
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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.
Investing with Bitcoin is not gambling, this two is different and we should not compare it because in investing you are expecting something in return while in gambling you should not expect at all because it will always depend on your luck. Don't listen to your friends, they probably prefer more to gamble than to invest their money. Long term investment on any market is not a gambling, now if you are still confuse then better to assess what's more important to you, to be a gambler and be an investor. Whatever they are saying, you should still know what you are doing and decide on your own. Better for him to stick with his plan to invest in bitcoin and leave his friends, especially if they don't want to listen to his advice. His friends will regret it when they see that the bitcoin price will return at a high price. And at that moment, his friends might open his mind that bitcoin is not gambling.
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?
You know what, it’s better you stop disturbing yourself, no matter what you tell a addicted gambler they will never believe you, they believe you are the one that’s wrong and they are the only one that’s right, so just don’t stress yourself, if they believe the are making money more than you that’s investing in bitcoin, just leave them time will tells. The only people that do see positive results are the gambling sites owners, they are the once that are always winning, they never lose but gamblers are losers.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 .
I know if you can hold your bitcoin, it will really be difficult for you to lose when you invest in bitcoin, but gamblers lose money anyhow when gambling. They won’t show you any proof that they are making money, most of them do lose money well in gambling, the only believe they are always having is that they will win big one day and it will cover all their losses, but don’t be surprised that the one day might not 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.
Investing with Bitcoin is not gambling, this two is different and we should not compare it because in investing you are expecting something in return while in gambling you should not expect at all because it will always depend on your luck. Don't listen to your friends, they probably prefer more to gamble than to invest their money. Long term investment on any market is not a gambling, now if you are still confuse then better to assess what's more important to you, to be a gambler and be an investor. Whatever they are saying, you should still know what you are doing and decide on your own. Jump to: