I am only trying to stay safe by gambling less - page 26.

ralle14

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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?

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.

That's true though as i've experienced both but I understand their point, i'd also put Bitcoin under gambling but on the lesser side of it because having experience helps and your wins and losses aren't set permanently until you sell your coins.

With casino gambling, it's too luck reliant and it's usually a one-time deal as you can't go back after clicking the bet button and even though there is an option to cash out on certain bets you're always starting on the losing side because of the house edge.

so98nn

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I am pretty sure investing and gambling has got various differences and they are not same at all. Investing is pre-planned, it has got proper process of doing it and its personal choice when it comes to “when to book profit”, “how to book profit” and much more.

On the other hand gambling is putting your money into system which is based on algorithm with some volatility to it all the time. Some times you win or sometimes you lose and there is no other outcome to it. This is based on “unplanned” process. You are putting money in a slot or on game and there are variable odds which decides the fate of your investment.

I’m pretty sure this changes the way we look at gambling and investing.

Just ignore your friends and continue to do what you desire.

amishmanish

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Friends like to do some leg pulling whenever there is a chance. Gamblers doing that to an apparent crypto-nerd is just that. Then again, you invest not just money into Bitcoin, you also invest certain beliefs, adopt a certain mindset towards savings, cryptography and the difference that open source and decentralization could possibly make to the world.

When it comes to gambling, unless you are one of those quant nerds, i doubt there is anything fruitful to gain from putting money into it compared to Bitcoin. Its a cheap and risky adventure/ game for most. For the afore-mentioned professionals, of course it goes far beyond that. To conclude, it really just depends on the person. For some, investing and gambling will be the same, no matter what. For some, even gambling maybe a form of investment because they are smart enough.

Cling18

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Your explanations are rebuttals are actually on point. It's just that they are close-minded and well-focused on their belief. Remember that you can't always please people with what is right especially if they are filled with the wrong mindset and understanding of the difference between gambling and cryptocurrency investing. There's no sense arguing with them but the good thing is you have done your part in enlightening them about the difference between the risks of these two.
It is true that the risks of crypto investment are more manageable compared to gambling. As long as you are fully equipped with knowledge about dealing with the market's volatility, you're able to handle its risk compared to gambling that the result usually relies on a person's luck and there's no guarantee of good profit in the future or worse, you might also lose all your funds in just a single click.

Mr.suevie

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If we all actually come to analyzed this whole gambling issues we all notice that gambling never actually yields any profits for any individuals involved in it and am speaking from experience here because we might gamble today and win huge profit but a certain factor is still tied to all that winning which is losing all that back to the house because you can't possibly win the house but for an investment in bitcoin the risk is minimal and the potential yield of profits is very high.

Eureka_07

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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.

Normally, investing in Bitcoin should not be qualified to be considered as a form of gambling. However, if you do not have any idea of what you should be doing with respect to trading of bitcoin, then that might be considered as one. Not just with bitcoin, it can also be applied to other form of investment or trades... So yeah, it might be categorized as "gambling" for some, BUT not pure gambling compared to like when you are playing slots.

coin-investor

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

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 .

They will not because they cannot show proof that they made a profit from gambling because no one really can, your friends are ignorant about investing in Cryptocurrency, yes there is volatility but if you know when is the right time to buy and to sell you can make a profit, on gambling you can try all methods but that will lead you to losses.

You've asked the right question to your friends, the only time that you will lose investing in Bitcoin is if you invest your emergency funds or money that you are going to need right away, investing in Bitcoin takes time to make a profit, and that is why the word HODL is very popular word among investors.

jrrsparkles

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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.

Just yourself elaborated it clearly what is the difference, if you still want to categorise then I would like to say day trading is more related to gambling but not entirely similar with playing a casino game but we can resemble it with sport betting and day trading cause both involves analysis, research, decision making ability at the right time.

Apart from this long term investment is purely different from gambling cause the reason is different and if someone is doing gambling to make money then they are doing it wrong and blame others for their mistakes which shouldn't be taken into consideration at all, just let them realise with the profits you make from investing on Bitcoin.

Coin_trader

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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.

I don't understand the connection of the title to the main question that you are trying to discuss here. You fighting that Bitcoin investment is not gambling so how do you connect " I am only trying to stay safe by gambling less"?

Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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?

It's true because Bitcoin is an investment if you are doing spot trading(different matter if it's futures trading) since gambling is a source of entertainment and not an instrument to get passive profit. There's a big difference in the purpose of both subjects but I really understand the struggle to explain your point to a gambler since they categorized all risk as gambling even if it's an investment.

Why not just yield for their own satisfaction? It will show how mature you are by ending the argument because you knew exactly what the truth was. Yielding to them will not decrease your masculinity or investment.

Hispo

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Investing in an asset as Bitcoin is not gambling, if you have a plan or if you are into it for the long term. Actually, I recall reading some news a couple of years ago about a study performed by some university, they gave some money to gamblers and make them trade Bitcoin on an exchange, they lost all they money, because im the end they did not even have a plan and did not even know how the read charts or indicators.

If you were putting money into shitcoins, then I would argue that you are closer to gambling than your would if you were trying to profit off Bitcoin.

The difference between trading and gambling is the fact trading is not only about luck, but other economical factors which can be predicted, unlike slots, dices or plinko. You are right, your friends are not. Gamble responsibly and trade wisely. Wink

Dunamisx

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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?

I may not totally agree with this because gambling is an entirely different thing from being a bitcoin investor, when you're investing in bitcoin, you're not gambling, you're rather making a move to secure your future through investment on a digital currency called bitcoin, you also don't stand a chance of loosing your entire investment like you can have when you gamble abd loose all your money, the two have clear differences.

Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

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

They can't give you any proof on this because the purpose in doing both are different, one is gambling and the other is ab investment and you can't turn a gambling to be an investment, then the motive behind each one is also different, not all gamblers are after making money in gambling, some only catch fun.

Lida93

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There's no we're in the world that gambling can be described as investment neither investment likened to be gambling. For in all sense of debate's the line of difference is clear for even the blind to notice.

There are certain arguments we should just not exert energy on as it's just a waste of time and energy only to prove a point tht needless to say isn't necessary. Gambling is described by many as a thing of fun and leisure activity with an addition of luck in term of winning a penny. But unlike investment it's a serious project with a critical plan of execution that's not predicated on luck but on how good your plans and analysis really did worked out as projected.

Like I don't think there's a place of argument about this two things been the same, except maybe just a way to while away time and kill boredom.

Sanitough

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Quote from: swogerino on April 25, 2023, 10:12:15 AM

Every investment is high risk especially when you invest a high volatile asset like Bitcoin,it is only better than gambling when you invest now and you wait in the long term and only sell Bitcoin after has increased in price from the moment you invested.If you want to do daily trading with it then there is nothing different from gambling as for me trading is the same as gambling because in both cases you cannot predict the future.

Both investing in Bitcoin and gambling can be profitable. However, it's harder to make a profit in gambling compared to investing, as gambling requires excellent skills to be profitable. Yes, you can also be profitable in the long run as long as you choose the right form of gambling. I'm referring to skill-based gambling, such as sports betting.

Quote from: swogerino on April 25, 2023, 10:12:15 AM

However you have taken the right decision to gamble less as in the long run this will be beneficial to you.

It's safe to say that you should only gamble what you can afford. Personally, I could spend a lot of time gambling because I enjoy it, but I always stay disciplined and not gamble beyond my limit.

Mate2237

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From my analysis of your mindset, you are not a gambler, you are just formulating gambling post by using friends always. You lie for your innocent friends more than yourself. You have not given us update on the casino projects your friend asked you to come and find out from here. I tried to locate the threads which you used your innocent friends as cover up but I could not find them again. Probably they have been deleted.

Back to your topic and message. I will not use your friends as a point of the argument but you as the key player of the thread. Because I am tired of your friends threads. Gambling, Investment and Trading are different things. You can loss money in Gambling and Trading but not in investment. When you use 30k dollar for gambling, you can loss all at once and the same goes to trading as well. But in investment the 30k dollar can only reduce and not to zero percent.

tusandii

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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.

Yatsan

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Quote from: Plaguedeath on April 25, 2023, 09:37:17 AM

Investing in Bitcoin will not make your capital went to 0 because even Bitcoin suffering bear market, the price will not ever hit $0. While gambling it will make your capital went to 0 because the winner takes all.

Those kind of people are tend to confuse trading, investing and gambling, even though all of them have ing in the last three characters, but they're different from each other. It's better to not argue about it because if you win you will not get anything, if you lose you will not lose anything.

Everything has risks. It happened that what makes gambling, "gambling" is because of risk. Investment, trading, and gambling has all the risk which confuses people. The only difference is that risk can be mabaged more on investment and trading more than gambling because strategies work more, than relying solely with luck or one's fate.

Quote from: Mauser on April 25, 2023, 09:54:00 AM

Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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.

Obviously the two are not same and we can't compare profits from investing in bitcoins with profits from gambling at a casino. First of all casinos are private companies that offer games where we can make a profit if we are lucky. All the risk and rewards are known before and there is controlled environment where the games are being played. Everybody who is 18 can sign up at the casino and start gambling, but once we lost our money it's gone. There is no chance to recover our initial money, except if we deposit more money. Bitcoins are completely different, they are not being owned by one private company that sets an artifical price for it. Bitcoins are traded every day and the price moves and as long as we don't sell our coins we are not realising out losses. We can just hold our bitcoins and wait for the price to recover.

Once your money is lost in investment or trading, things would be the same; you'll have no insurance from your losses. Things are relative with one another and that is because of the word "risk".

Gambling less would indeed make you safe from addiction because your expectations would as well be managed making you less determined to win big time in such activity; which should be everyone's mindset in the first place. You are on the right path from doing so.

swogerino

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Every investment is high risk especially when you invest a high volatile asset like Bitcoin,it is only better than gambling when you invest now and you wait in the long term and only sell Bitcoin after has increased in price from the moment you invested.If you want to do daily trading with it then there is nothing different from gambling as for me trading is the same as gambling because in both cases you cannot predict the future.

However you have taken the right decision to gamble less as in the long run this will be beneficial to you.

Mauser

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 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.

Obviously the two are not same and we can't compare profits from investing in bitcoins with profits from gambling at a casino. First of all casinos are private companies that offer games where we can make a profit if we are lucky. All the risk and rewards are known before and there is controlled environment where the games are being played. Everybody who is 18 can sign up at the casino and start gambling, but once we lost our money it's gone. There is no chance to recover our initial money, except if we deposit more money. Bitcoins are completely different, they are not being owned by one private company that sets an artifical price for it. Bitcoins are traded every day and the price moves and as long as we don't sell our coins we are not realising out losses. We can just hold our bitcoins and wait for the price to recover.

Plaguedeath

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Investing in Bitcoin will not make your capital went to 0 because even Bitcoin suffering bear market, the price will not ever hit $0. While gambling it will make your capital went to 0 because the winner takes all.

Those kind of people are tend to confuse trading, investing and gambling, even though all of them have ing in the last three characters, but they're different from each other. It's better to not argue about it because if you win you will not get anything, if you lose you will not lose anything.

ethereumhunter

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I don't think investing in bitcoin is the same as gambling because even if some people buy it at the current price and it turns out that the price is falling, the price of bitcoin still has a chance to increase. And as long as that person doesn't sell his bitcoins at a loss, he can still make a profit in the future. So it's not gambling.

But if people play gambling, they will not have a great opportunity to get money from many gambling games and instead, they can lose large amounts of money. You have explained well to your friends but if your friends still think like that, just let them see what you will get later when the bitcoin price increases and you can sell it at the peak price.

Topic: I am only trying to stay safe by gambling less - page 26. (Read 2882 times)