Investing is the new gambling! Double, Tripple, Quadruple...why still gamble?

noormcs5

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Quote from: Ziskinberg on January 09, 2018, 06:52:16 PM

People want to have fun and make money at the same time that is why they choose to do gambling.
Of course, investing can give a good return especially in the crypto world when a coin can go as high as 100 times from its original price, still there's a lot of people who are not yet educated about the crypto and they think it's a scam and they better gamble for instant result and they can manage their money.

Same thinking i have, i also think that if we play gambling for fun then good, and if we want to making money through gambling then we can't success in it. Now most of the other choice are here for us to make double triple and quadruple our bitcoin through trading and investment. Crypto trading is best to make double our money but in gambling play it for excitement then good.

poplolnman

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Quote from: Asmonist on January 09, 2018, 06:37:03 PM

Both have different reasons but with similar purpose which is to earn more. It will always depend on your purpose. Others maybe afraid to gamble then they just do investments because they are comfortable with that. Some may do gambling for fun and get instant or higher returns. Mostly they do both to have a long term and short term returns. Whatever reasons it maybe, for me gambling is part of investments. We took the risks in both activities.

The statement made by op sounds like so real but actually it's misleading, investment for sure should be done with careful analysis, those people who pick random investment are the one who have no idea about the legitimate business, making money properly aren't like that. You wouldn't find a successful way with it.

crwth

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Quote from: chris200x9 on January 10, 2018, 02:43:38 AM

Quote from: Kevin77 on December 25, 2017, 09:39:12 AM

Quote from: chris200x9 on December 19, 2017, 09:46:03 PM

Gambling is different enjoyment than investing. Becuase not everyone like only one kind of game so each person will choose to play different games to get their enjoyment. So if you want to have that fun then only you should need to go to gambling.

But if you want to earn money then what you said is true. We shouldn't go to gambling to earn money. I also, don't think that those price volatility will give same thrill like gambling games give gamblers.

I go to gambling sometimes to get fun with a small amount and invest money in altcoins and bitcoin to earn profits in the long run.

When it comes to the game you play during gambling, most times, it is usually quite interesting when compared to investing.

You can still be safe in investment unless you just want to keep loading all sort of coins without even bothering how far they really can go later on in value or in the market. Even at that, it is still a gamble that is worth it anyway. I can just decide to gamble all the top 100 coins right now and buy into them and see how they fair in the long run.

When you buy all top 100 coins then it is called a gambling because you're investing money without proper understanding about the coin which you buying. It is nothing but just guessing and expecting profit from those coins. But real traders will not simply buy all top 100 coins instead they will understand coin first then decide whether to buy or not. I don't suggest anyone to just buy all top coins instead check whether they really worth for that price before wasting your hard earned money.

That's what I have been doing in the past and just believing in what the top 10 was saying. It's like going in blind and just staying with what the crowd is buying. Probably you really need to learn and understand how they are doing and what have been done when they created the coin or something.

chris200x9

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Quote from: Kevin77 on December 25, 2017, 09:39:12 AM

Quote from: chris200x9 on December 19, 2017, 09:46:03 PM

Gambling is different enjoyment than investing. Becuase not everyone like only one kind of game so each person will choose to play different games to get their enjoyment. So if you want to have that fun then only you should need to go to gambling.

But if you want to earn money then what you said is true. We shouldn't go to gambling to earn money. I also, don't think that those price volatility will give same thrill like gambling games give gamblers.

I go to gambling sometimes to get fun with a small amount and invest money in altcoins and bitcoin to earn profits in the long run.

When it comes to the game you play during gambling, most times, it is usually quite interesting when compared to investing.

You can still be safe in investment unless you just want to keep loading all sort of coins without even bothering how far they really can go later on in value or in the market. Even at that, it is still a gamble that is worth it anyway. I can just decide to gamble all the top 100 coins right now and buy into them and see how they fair in the long run.

When you buy all top 100 coins then it is called a gambling because you're investing money without proper understanding about the coin which you buying. It is nothing but just guessing and expecting profit from those coins. But real traders will not simply buy all top 100 coins instead they will understand coin first then decide whether to buy or not. I don't suggest anyone to just buy all top coins instead check whether they really worth for that price before wasting your hard earned money.

Ziskinberg

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People want to have fun and make money at the same time that is why they choose to do gambling.
Of course, investing can give a good return especially in the crypto world when a coin can go as high as 100 times from its original price, still there's a lot of people who are not yet educated about the crypto and they think it's a scam and they better gamble for instant result and they can manage their money.

Asmonist

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Both have different reasons but with similar purpose which is to earn more. It will always depend on your purpose. Others maybe afraid to gamble then they just do investments because they are comfortable with that. Some may do gambling for fun and get instant or higher returns. Mostly they do both to have a long term and short term returns. Whatever reasons it maybe, for me gambling is part of investments. We took the risks in both activities.

shursight

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"investing is boring"... Yes yes.. tell me more, so you are making money from playing a single roulette the whole night to earn millions of dollars per day, am i right or not?

Quote from: Nerman on December 19, 2017, 10:10:37 PM

Trading or investing in a way is a gamble but playing in casinos gives you a different feeling, it's fun!
Investing is boring as you will just wait for the prices to go up, I gamble because it is thrilling and fun.

Guys, do not lie to yourselves anymore, gambling is funny as long as you are not going to gamble your whole wage in there, or as long as you are not going to steal to other people to gamble

I have been a lot of scenarios in where a lot of people gamble their entire fortunes in a simple game only because they were "bored".

Gamble is risky, but it is funny as long as you are playing just for fun.

Dhaaaw

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Gambling, theoretically, is a fun , stressless thing to do to entertain ourselves and maybe get lucky on the way. Investing on the other hand is the opposite of that, its a real life job that is nerve wrecking and where you're supposed to make some money even tho it's not guaranteed that the choices you made are the right ones.

Uno17

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Because human is insatiable by nature, and in gambling mostly greediness always dominates the player,that even he already won, the temptation and longings to have more than what he had is always pushing him to keep going on gambling, see! This is mostly what happening, some gamblers already won multiple of his investment but the urge to keep on playing and ends up losing of what he already had, but if LUCK also is on his side, then happy he is😃

christian07

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No gambling is really for fun and you can't compare that in trading because they has a lot of difference in many ways like the earnings and how to control or manage it.In gambling you always need to play and monitor it not like trading that you need only to wait and sell it in high price for profit.I think gambling and trading are good in many ways so there's nothing to question why we need to play or to invest here in crypto.,do trading then play gambling that's all.

yugyug

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Betting in casino and investing in crytpocurrency are synonymous to gambling, the only difference is the excitement, you can always feel the thrill in casino gambling while in investing it's kinda bit of a dull moment because you are waiting for a long period of time for the outcome unlike gambling you can see the result in a matter of minute. Both casino gambling and investing cryptocurrency still have a calculated risk, you are in control on how to manage risk and losses.

daringdiscovered

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Quote from: Seeker#9 on December 25, 2017, 12:39:14 AM

Some people are natural gamblers or naturally inclined to gambling and they prefer to place their bets in casino, roulette, slotmachine or in online bettings. Their minds thinks differently from the traders although trading can be compared to gambling in some ways.

I think we are having misunderstanding here, some of you guys are thinking I guess that the "investing" OP have mentioned is in Trading, I think it is not, it is investing in gambling. We are still doing gambling because we are hoping that we could win a big amount of money in able to double or triple what we have, but it is exactly the opposite of what we are hoping for.

joebrook

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Thats why i have never been interested in investing into ICO's in the first place, even though the ICO might be legit, there is no way to know whether it is going to be successful or not and most of them are scams as we all know. Better to hold on to your bitcoins and watch it grow than to waste money on ICO investment.

akram143

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Quote from: Tschai on December 19, 2017, 04:50:37 PM

WHY STILL GAMBLE with Cryptocurrency?

Maybe for the fun and thrills?
You got me there: I like (or used) to gamble also and the thrills and the fun of (Bitcoin) gambling is still...unbeaten.

But for any other reason like doubling, trippling...or even 10x winning back your investment/stake...why would you still want to gamble that?
The chances/odds are bigger that you will loose them gambling...while the chances/odds are the same (probably bigger) that you would increase them while investing.

Why not 'bet' on any cryptocurrency of your choice?

A new promising ICO.
Or a coin you like.
Or think is technically good.
Or is hyped.
Has a great name/logo/website.

Any reason is valid enough!

The point is:
You are 'guaranteed' to make more coins with investing in a coin...than actually gambling with that same amount.

Just a reminder for those like me, who have bet and lost more than they would have (and still will) if they just invested that same amount!
With crypto's being so volatile...the thrill and fun is still there also...but it is a bit less, yes.

INVESTING IN (ALT)COINS IS THE NEW CRYPTO GAMBLING!

PS: Aslo ignore this if you are a whale and can afford both, anyways Grin

If you think gambling is an investment then you can try these things like you listed above but many people doing gambling for fun purpose so they never think these kind of investments.But investing on ICO doesn't provide any guarantee to make profits,so it both have risks if you want try ICO instead of gambling you just go and try it bro.Good luck.

Kevin77

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Quote from: chris200x9 on December 19, 2017, 09:46:03 PM

Gambling is different enjoyment than investing. Becuase not everyone like only one kind of game so each person will choose to play different games to get their enjoyment. So if you want to have that fun then only you should need to go to gambling.

But if you want to earn money then what you said is true. We shouldn't go to gambling to earn money. I also, don't think that those price volatility will give same thrill like gambling games give gamblers.

I go to gambling sometimes to get fun with a small amount and invest money in altcoins and bitcoin to earn profits in the long run.

When it comes to the game you play during gambling, most times, it is usually quite interesting when compared to investing.

You can still be safe in investment unless you just want to keep loading all sort of coins without even bothering how far they really can go later on in value or in the market. Even at that, it is still a gamble that is worth it anyway. I can just decide to gamble all the top 100 coins right now and buy into them and see how they fair in the long run.

omonuyak

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I believe that some people are still gambling because they are addicted to it or do not know how to analyze an asset or altcoin for investment and if you aim is to make good return it then means investing in bitcoin is the right thing to do now because of the high return with less risk. The odd of making profits is very low but in investing getting your capital back is easy.

Seeker#9

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Some people are natural gamblers or naturally inclined to gambling and they prefer to place their bets in casino, roulette, slotmachine or in online bettings. Their minds thinks differently from the traders although trading can be compared to gambling in some ways.

kryptqnick

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Quote from: Tschai on December 19, 2017, 04:50:37 PM

...
The point is:
You are 'guaranteed' to make more coins with investing in a coin...than actually gambling with that same amount.

INVESTING IN (ALT)COINS IS THE NEW CRYPTO GAMBLING!

I completely agree with you that nowadays it's a lot safer and potentially more profitable to invest in a coin than gamble. The main reason is that the coin's success can be predicted based on it's main features, whereas in games you mostly deal with randomness. Moreover, when the casino owners are interested in you losing the money, coin owners are in a way interested in you winning, because if a lot of people earn something from buying a coin, it will attract even more people and thus the coin creators will become rich as well.
Nevertheless, surely, as mentioned by other members above, gambling provides you a different kind of experience and trading cannot compensate that one fully, partly because everything proceeds really slow in trading in comparison with gambling.

sana54210

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Quote from: Nerman on December 19, 2017, 10:10:37 PM

Trading or investing in a way is a gamble but playing in casinos gives you a different feeling, it's fun!

Investing is boring as you will just wait for the prices to go up, i invest because of the passive income, I gamble because it is thrilling and fun.

Yes, it is a gamble, we can only make assumptions but we cannot really know what the future holds. Investing may be boring, but when considering the enlightenment that comes with it when the profit is rolling in, that is not boring bro. Gambling can be fun quite alright, but only if you have limits and you consider it just as a game. However, it depends on each person's perspective anyway.

If I had been putting all that gambling money into some legit ICOs, with the way some of them are doing right now, it would have been a shit load of cash to withdraw from my wallet. Anyways, the future is still there, just that those moments are already going down gradually unlike when we had the crazy ICO boom, but the little ones still available now can still count.

Oilacris

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Quote from: Bitinity on December 21, 2017, 03:43:24 AM

Quote from: Tschai on December 19, 2017, 04:50:37 PM

The point is:
You are 'guaranteed' to make more coins with investing in a coin...than actually gambling with that same amount.

Who provides/offers this guarantee? If investing in a coin is guaranteed then all people will invest all their money on it, there is no guarantees at all. There is always a risk of losing money when you invest your money in a coin.

Quote from: Tschai on December 19, 2017, 04:50:37 PM

PS: Aslo ignore this if you are a whale and can afford both, anyways Grin

Who can afford both things are not always whales, I'm not a whale but I always use my money that I can afford to lose in both investing and gambling. It is just about preferences, we should not force ourselves if we do not know what is the risk on both activity.

Correct which it doesnt really need for you to be a whale to engage or do both things since we can actually do with minimal amounts and its not necessary to put up huge amount.Not only whales do have capability or do have an exception.I dont know why he do mention about guaranteed things since we know that any investment dont really have an assurance to make money anytime.

Topic: Investing is the new gambling! Double, Tripple, Quadruple...why still gamble? (Read 470 times)