Topic: I am only trying to stay safe by gambling less - page 25. (Read 2882 times)

This is like explaining what is bitcoin in 3 years old. They have their own thoughts and for sure they will stick to it so I think of you already explained your part then that is already enough dont make your self explain more or done insist more because if they are closed minded they still unable to understand it .If you are still friends with them both of you and your friends should avoid this kind of conversation just be friends and dont talk about it so both of you wont argue

When you invest in Bitcoin, there's something called a 'calculated risk,' which doesn't exist in gambling if you're unrealistic and don't consider your chances of winning. When we say 'gambling,' it usually refers to gambling in a casino, where there's a house edge. It's important to understand the house edge, as getting overly optimistic without knowing the risks can be unrealistic.

You can also see the breakdown of your losses in gambling. The only difference I know of between gambling and investing in Bitcoin is the chance of winning or success. Investing in Bitcoin has an edge in this regard.

When the risk involved is high, no matter what the work is, if you are investing and the chances of getting the money back is less or the chances of getting higher returns can be considered as gambling. I am not in favour of saying investing in Bitcoins is nothing but gambling, as in Bitcoin investment, the market is thoroughly checked and hence the investment is done for long term with casual risks. So yes OP, your friends were wrong when they are calling your investment as gambling. Moreover in gambling you lose your whole balance in an instant of time, whereas is trading or investment, if you losing, then you can see the breakdown of your losses.

Wait but this sounds contradicting , How come that they are making you look like a gambling addict when you gamble lesser than them? do i missed something from that part mate?

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I think addiction will not come your way and of course losses.


You Are only making things worst when it is obvious that those people are not your friends because if they are? surely they will not treat you like this.

and arguments will never go good if the other involved is close in some opinion.

Stop dealing with them mate, do your life as you can live without them right?

You are making sense, of course. Gambling in its strict sense can't be compared to investing in Bitcoin. Broadly speaking, though, investing, trading, and even almost everything life in general are a gamble.

However, let me point out certain things. Investing and trading are not entirely the same. Second, most gambling games in crypto casinos are provably fair, so you're not really trusting a company blindly. You can verify the fairness yourself.

This debate isn't actually new. I guess I have already encountered a handful of topics pertaining to this.

Let's say both have risks, in gambling you really don't know the odds, of course if you do sport betting there is the favorite and underdog. But still no assurance that you can win even if you bet on the favorite to win. And then there are games that is based on pure luck.

As compare to bitcoin investment, there is risk but it's calculated. I mean if you see that you are losing, then you can sell and then re-invest later. Or just wait for the price to really go up in a bull run, to make huge profits. So there's a lot of factors to be considered, but we all know that it's better to invest on bitcoin for long term, just saying. As compare to gambling that we might have a long losing streak.

there has always been a big difference between making investments (there are short-term investments, medium-term investments, long-term investments, each person chooses based on time vs. their categories, but I won't talk about them here ) and gambling. although daytrading has a difference with gambling, it should be noted that day trading also makes the person addicted and something that is not worth the risk, most of the time day trading makes the person easily depressed, spend a lot of time looking at the chart and the profit is not worth it, you can test and do math for yourself how much money you put in to day trade and how much profit you are making and how much time you are spending on the computer

think with me, the price of bitcoin is at 27400$, you have 500$ and you buy at 27400$, you see that the price is rising and you sell at 28000$, you will not have a big profit, then the price continues to rise while you have already sold , so the price reaches 32000$. when you buy at 32000$ you will have less bitcoins and when you sell at 33000$ you will have less profit compared to the profit you had when you bought at 27400$ and sold at 28000$. That's why it's not worth just day trading in the cryptocurrency market, only those who invest in the long term in the cryptocurrency market profit, in my opinion gambling should be seen as fun, nothing more than that. day trading should also be avoided

Well, I wouldn't put myself into that kind of debate and argument when both parties have their respective areas. While being a bitcoin investor and a gambler at the same time, I've also got different understanding from these two.

While your friends might be into gambling hardcore then there's no need to argue that gambling for them is better and that's like investing to them.

And as an investor, we take it slowly but surely and that has built us up with our patience that have been paid off overtime without taking that much risk - yes the risk is there but not a lot. At the end of it, you're all friends and you've got different paths to take and don't need to stretch out this type of discussion with them.

Arguing arguments with people who don't know what bitcoin investing is will always be put in the same corner as gambling, they must think that bitcoin is always no guarantee it will go up or down but I believe investing in bitcoin is not the same as gambling.

Gambling has more risks that will be faced, for example you play $ 100 in a short time the money can run out while investing in bitcoin we will always have bitcoin in hand and only value affects it because I know bitcoin has volatility so some people consider it like gambling.

Let them give other opinions, but I will never listen to the chatter of people who don't know what bitcoin is and basically we have a judgment on what is invested.

I would consider gambling to be for fun not for income.

^Everything that has a risk is gambling for me even when all your decision in life considering as gambling.
Bu the measurement here is still there, though bought are risky and considering gambling, but at least investing has less risk than gambling like playing roulette, dice or crash that everything against on the house edge which is the chances of winning is very low compared to BTC investment which is the chances of making money is high. So investment and gambling have a correlation to each other but they are not the same.

Investing in Bitcoin(trading) is gambling IMO as you are risking your money and hoping bitcoin price goes up or down depending on how you invested. It's not called guaranteed money but it's less risk than going to a casino and playing slots or whatnot.

I think it's a lie, an investor is not the same as a gambler, also a Bitcoin investor has almost a secure future while a casino player who doesn't win can lose all his money, if an investor puts his money in bitcoin, that at the same time time will have a large amount of money, it will multiply, on the other hand, in a casino like this you play 24 hours the tendency will be more to lose than to win, for this reason it is not recommended to join a casino or play in a casino as a job , because it is not profitable at all.

I don't think are gonna to work.

Most of big gambling bet are coming from small bett, example like you just want to tried or other think then you're getting triggered to deposit more by a small bett. If you want to stay safe from gambling.

Don't gambling, most casino have a promotion free money and is work to trigred user fo deposit because he losing the money from free money.

I don't like discussing my investment with people except we are like minds. I could introduce people to Bitcoin but my investment in the sector is personal.

Bitcoin like fiat can be used for gambling but you cannot compare gambling with Bitcoin investment or trading. The only comparison might be that both of them involve different levels of risk. Investing in bitcoin is like putting your money in any other sector. An example is buying land in an underdeveloped area and waiting for some time for the area to develop and selling it at a higher price. While gambling is like putting your money in a machine hoping that it will come out in double or triple fold. Gaming depends mostly on luck, while investment combines knowledge, patience, and luck.

If you asked me, the comparison is not making sense. I don't even consider it as worthy of discussion to argue because generally, both gambling (as in the usual gambling) and anything related to crypto e.g. trading, investment, etc. have a different approach.

Basically, everything you risk with money can be considered gambling but remember, it's not that you are really into usual gambling depending on what kind of investment it is. There are lots of approaches for that in order to make it profitable in the long run.

Bottom line, it's totally nonsense to compare the possible generated profits between the usual gambling and bitcoin investment.

You are also a gambler if you ask me. Why?, Because when you invest you are risking your funds to get what you desire or what you wanted to get. Gambling have different types if you search about it and the most common type of gambling is by playing in a casino with your own money (risking to earn more). If I say, it is the same as investing since you risk your money to make more money but the difference is that gambling in casino is more risky since house always win.

Well everyone has an opinion, and that is what you should first know. Secondly because of everyone has an opinion does not mean that all their opinions are correct. This is one example of it. There is a huge difference between investing and gambling, and if you were to spend more of your money on one of the two options, investing should be your choice as someone more enlightened that others.

In investing, although there are risk involved, there is a higher degree of certainty that profit will be made tomorrow than gambling, it is not the same as gambling that although there is a chance to become rich from it, it is very slim. Investing is a healthier behavior to adopt than gambling.

There's no point on making out some argumentations with your friends in regarding about bitcoin investing and if they call it as gambling then let them be on what are the things that they would really be believing.
They would really be pushing out on what they do believe and although they do have some point because investing is some sort of doing some gambling since you are really putting up some risks with your money on investing into something but since you are applying analysis into it then it would really be that much considered to be one. They cant show you something as proof that they are making money with gambling considering
that gambling for too long would really means that you are really that on negative side. There's no need to argue or to prove out that you are right, you would be able to find out for yourself that you are right.
You do make out money on long term and while they are not. You would be finding sooner or later that they would be asking on how you do bitcoin investment on the time that they do see that you are progressing
and making money. There's always a fine line of difference if we do speak about investing and gambling in the first place.

This sounds weird. How could you be saying this that your friends make you look like an addict. They are your friends and should know you better likewise you knowing them too as you have said. This info not understand "my friends who are gamblers, not full-time but more of a gambler than I am" if you can explain this more because from the looks you are likely not a gambler.

From my own understanding, bitcoin investment and gambling are two different things.

Bitcoin investment is in two ways;
1. Long term investment: ie you buying to hold for a long period of time whether bear or bull till the price gets to a  reasonable high price you have as a target point of sales
2. Short term investment: or when you are holding for just a little time and this are mostly done by traders who apply their trading Skil to get good daily trading profit irrespective of the market trend or conditions. The are able to do this through charts and graphs of how the market trend flows.


Gambling is you playing or betting a reasonable amount of money  or a valuable on an exercise or a game you deemed fit for fun  with a mindset of you taking risk and accepting the outcome of the contest or result as it is.

If you will agree with me,  there are more of looses than win in gambling compared to bitcoin investment as bitcoin market is visibly clear to all to see  the market direction which gives you the self thought on a better way to take advantage of the market situation to buying bitcoin compared to gambling which you play or bet with the uncertainty and not sure if the result or outcome.

Crypto trading can be perceived as gambling for many who don't know about it, and trading can also be gambling to those, specifically newbies who are not really knowledgeable about crypto trading; they just think it's an easy thing to do, so instead of learning the skills involved to make more successful trades than losses, they can just use small ideas to carry out trades, thinking it's really gambling.

Crypto trading deals with the combination of some technical tools, a developed trading strategy, and some market analysis, for which there is definitely always a profit in the market. When the market has even attained a certain profit, you could decide to opt out and take your profit. In real gambling, you stake your money, the game is played, and you accept the results you get. In trading, you can call off the trade if you see that the loss is getting deep, but in gambling you can do that.

And apart from Bitcoin trading, you can hold your Bitcoin in your wallet, and when the price is going green, you will be making profits. Now the question is, can you stake your money on a game and allow it to run for months or years just to make more profit? The answer is no! Perhaps, does real gambling have any logic like, "the longer you hold, the higher your profit?"

Adding to what I have said, Bitcoin can only be seen as gambling to those who wish to see it that way, and perhaps to those who want it to be gambling to them.