Topic: I am only trying to stay safe by gambling less - page 27. (Read 3074 times)

Generally speaking, there are similarities between gambling and investing because they both involve risks. But if we are to go deeper and be specific, there are big differences. Even trading and investing are not completely the same. Gambling is a form of entertainment while playing and betting. In sports betting, we have a good chance of winning as well if we know really well the sports which are also comparable to making research when we invest money into an asset like crypto. In trading, we have the charts and various indicators to use as our basis and of course, research is still needed to make sure the asset we are trading is healthy and reliable.

Bitcoin is a bet on the future without a shadow of a doubt. Is a surebet? Yes probably.
Certainly it is not the same thing as betting on a specific event like in casino, because certain advantages are actually offered by btc. And this is a fact. no comparison can be made with classic gamble.
people that does't understand this difference are just illiterate on the argument.

Investing in bitcoin is not gambling, it is an investment.

Which means the work that we are doing is gambling because our boss may not pay us at the end of the week. Also means that the business we laid hands on is gambling because it may be fruitful or may not be fruitful. If bitcoin price goes down very well, I can invest in it with higher amount of money, but I can not gamble with high amount of money. They are two different things that needs different approaches.

In investment you must need to have a good understanding of what kind of product you are trying to invest in and at the same time how it earn or lose, you must need to know the concepts, fundamentals, analysis and other factors as serve for your essential learning and knowledge by this you can now see what are the possible things to avoid and cater during with your investment period, in gambling this can be depends on the luck or in the technique, skills and strategy of the player, this serves a lot of experience in the field you are playing to eliminate and conquer the game you are playing or else let the machine decide with your fate, they both can earn and lose but in investment its a lesser risk than the gambling without proper assurance of winning.

Gambling is a gamble to make quick money, like instantly, and relies mostly (if not at all) on luck. Investing, on the other hand, may require a touch of luck, but most of it is relying on the asset you're trusting to grow other time, and with that, also results in your money "growing" over time. It's not an instant "hey I'm rich" one-time thing, it's a constant progress where your money makes more money. Imo there's no sense in comparing losses between the two, you lose in both of them either way, it's better to compare the methods you gain money from both of them.

And I'd hardly blame them, I also consider investing as a form (of some sort) of a gamble really, but it isn't gambling like in casinos which rely on luck, simple as that.

Just respect their opinion regarding on that situation and don't create any argument with your friend that can create a gap on your friendship. Better accept what their word because they don't actually knew what you are into. Just ride with the flow with your friend so that you can enjoy his company playing and discussing about gambling. Let him discover that there's difference between this two especially if there's good result happen in your crypto investment.


You cannot please all people to accept what you think is right. Better hide your crypto investment to them and show only those minimal things which they can accept.

Mate, your explanations are enough for any one who is reasonable to know how the system works. They are just ignorant and do not care to know what they do not know. You did your best explaining to them. I feel they are messed up with their own thoughts and are only acting up to cover up their ignorance. So no point you wasting your time anymore explaining to them but I believe with time they would give you accolades for your bravery. Friends do act that way though because I have had that similar experience with my friends and at the entire end they told me they only acted up so they could not get embarrassed as they already know that their argument was not substantial to hold onto.

Everyone has the freedom to decide how to use their money - whether to invest it or gamble it. It can be difficult to argue with gamblers who believe that what you're doing is also gambling. They are entitled to their opinion, so it's important to respect it.

Additionally, it's true that investing in Bitcoin can be considered a gamble or even gambling to some.

There's no guarantee that you'll have a higher success rate investing in Bitcoin compared to gambling, as some gamblers make a lot of money using skill-based gambling, which is more similar to trading.

Why would you go arguing with them since you know is a blind argument?
You already knows the answers and i didn't expect you to go this far trying to make them believe bitcoin investment is more secure and is off from gambling. They knows already but wanting to pull out your legs to see your innermost answer but believe me or not there is no way in a day you could compare bitcoin investment to gambling.
Let say they gambles with $2k and expected to win $100k maybe after the day or the week, probably the game went against them and they lost a total sum of $2k is there any way to get it back from the casino? Obviously No because nothing to hold at that point in time, but what about bitcoin investment?

You may use same value and invest into bitcoin, is either the price will increase or decrease and if the price decrease all you need to do is to be patient for like 2 months or at max 1 year  you will still get back same value worth in btc but increased in usd equivalent, that is to say you may have $3k increased but same fractions of bitcoin left still there in your wallet. Do not argue a blind argument next time!

Well first of all, bitcoin investment and gambling are totally different things but in the case of you investing in other altcoins that are not reliable then I think its fair that we can relate it to gambling because you never know what's gonna happen with coins as your investment can just go sideways and you will lose your money which is almost same thing with gambling but gambling is more complex because you cant actually study the odds where as in market you successful study the charts like you stated. Gambling is normally based on the factor of luck let's take for example sports gambling and soccer to be specific, you can stay up all night and carefully browse or check the stats of a team that's want to play but as soon you eventually place a bet on that team, you will then discover that the outcome of the result will be different from what you predicted and if luck doesn't shine on you, you will end up losing a lot of cash on gambling.

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.

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.