Memecoin Gambling verses Normal Gambling - which is more profitable?

fruktik

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Quote from: Rockstarguy on August 16, 2024, 03:52:30 PM

Normally investingin memecoinis more profitable than gambling only if research have been made to know if the memecoin is reliable to gain profit or not. But when people go into memecoin without having any knowledge about the coin the outcome of the investment can just be the same as gambling. Their are still profitable memecoin when one is able to make research but gamble remains gamble, it can never be predicted when.
Memecoin is better in profit than gambling because it can be studied to know if the coin will be profitable but in gambling you can't really tell if a game will be profitable.

And how do you know that a memecoin can take off? Is it really based on the information provided by the project developers? This is such nonsense that you shouldn't pay attention to it. They can write so much that you'll drool to the floor, but in practice, everything is completely different. No, this is not a solution. Still, memecoins are somewhat similar to gambling. Such unpredictable consequences. You can't say for sure whether there will be a positive result. Don't fool yourself with this. This is a road to nowhere.

I've studied so many similar projects and there is no result or it is not at all what I expected.

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Quote from: Odusko on September 19, 2024, 05:34:33 PM

Just like I am not a fan of. Meme coin investment and even trading, same way I am not a fan when using it to gamble, so I think I am very much free and confident if I am gambling with normal coins such as bitcoin or any other suitable coins

Me too.

I am not into meme coin investing but if I have some memecoins on my stack and I like to gamble with that, I won't hesitate to spend it because that's one of the easiest feeling that I can ever have.

No heart and bad feelings if I lose those memecoins through gambling because I am not able to make money from it. Because if I do, they're no longer in my stash and I probably have converted it already into some other meaningful coins.

To those that owns BTC and have memecoins, it's easier to spend that believe me.

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Just like I am not a fan of. Meme coin investment and even trading, same way I am not a fan when using it to gamble, so I think I am very much free and confident if I am gambling with normal coins such as bitcoin or any other suitable coins that have less volatility because at that point you need to gamble with currency that it value can be sustained for long period of time, instead using a coin that because of it high volatility it could easily give me a double loses that is if I dont lose fro the bets, I love you see if the value of the said meme coin dropped significantly without any prior warning to keep user at information level.
Take for example, someone that use bitcoin to gamble or better still using a stable coin like USDT to gamble such a person will have low risk compared to those that gamble with high volitile memecoin who's value can decline significantly at anytime.

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Quote from: Zadicar on August 21, 2024, 01:17:13 PM

Quote from: slapper on August 21, 2024, 12:30:44 PM

Quote from: Fivestar4everMVP on August 16, 2024, 02:55:27 PM

Quote from: Dr.Bitcoin_Strange on August 16, 2024, 02:39:00 PM

~snip~

You are absolutely correct and I completely agree with you, futures trading is a very high risk venture and for one to be successful in it, or get the chances of being successful in it, that one have to spend weeks and months practicing and learning, doing otherwise simply means that when ever you enter the market to trade futures, you are simply gambling, specially if you are making use of leverage, and the chances of loosing fund in this type of trading is just as hard as it is to win a tangible amount of money from playing slot games.

And like you said that in gambling, we already know that the outcome, the result is uncertain, I think this is why trading blindly is also considered as gambling because, in this type of trading, we also do not know what the outcome will or would be, and except the trader is really lucky, he or she may likely never win such a trade.

Trade and gambling - two sides of a coin? No, Hell No. Indeed, both carry risk; yet, Futures trading isn't not a slot machine. It's a war against uncertainty. You study the market for weeks, months even. It is a nasty obsession rather than a hobby. This is measured risk not gambling. Knowledge, numbers, that is your weapon. When you dive deep into the market, gambling becomes skilled labor. It is about reading the patterns, adjusting, developing rather than about luck

Life itself is a gamble, right? So what's the difference? Trading mindlessly is like playing casino. Informed trading is science, with some creative overlay as well. Every trade, every bet, it's a calculated risk. The difference is that you have the tools, information, to tip those odds in your advantage. How does a trader relate to their money? It is quite deep. It is knowledge of human nature as well as the market. It's turning ambiguity into a trip with great stakes. And let me tell you, the highs are high, and the lows? They'll test your soul. And that's the nature of the game

People should really know on how to differentiate things rather than on making themselves thinking about on something which they whom thought that it is really just that everything would be the same.
Yes, they are really indeed both having those risks involved but it would really be that only differs in between an entertainment thing and something that you can called and investment or something
that which is something more serious when it comes on earning income or money or profits. It would really be that impossible that you cant be able to determine in between things about which one would really be that worth for your time and which one isnt. Gambling is really that that just good for entertainment and its something that you will really be also having those kind of non serious approach towards it.
Play for entertainment and not for profits so that you wont really be that making yourself being that too desperate when it comes to this aspect.

Taking up risks could really be applied to anything specially if we do speak about those things which does involved money neither you deposit or invested.
Being profitable will really be that depending on how well you do handle yourself. If you are involved into investment then you should be wise on making up decisions towards it
and if you are dealing on something that pertains about leisure then bankroll management will really be needed.

Its impossible that you cant be able to determine on what are the things that you will really be needing into or the things that you should really be acting out specially
when dealing up with meme coins then i do agree that there's a part that it can be considered gambling knowing on the risk that it is really that too high
comparing to spot trading with those established coins.

Profitability? You could really be able to distinguish on which one would be profitable yet both things are different on which even if we do trade up with meme coins
but it is really that still different when you do deal up with gambling literally.

Zadicar

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Quote from: slapper on August 21, 2024, 12:30:44 PM

Quote from: Fivestar4everMVP on August 16, 2024, 02:55:27 PM

Quote from: Dr.Bitcoin_Strange on August 16, 2024, 02:39:00 PM

~snip~

You are absolutely correct and I completely agree with you, futures trading is a very high risk venture and for one to be successful in it, or get the chances of being successful in it, that one have to spend weeks and months practicing and learning, doing otherwise simply means that when ever you enter the market to trade futures, you are simply gambling, specially if you are making use of leverage, and the chances of loosing fund in this type of trading is just as hard as it is to win a tangible amount of money from playing slot games.

And like you said that in gambling, we already know that the outcome, the result is uncertain, I think this is why trading blindly is also considered as gambling because, in this type of trading, we also do not know what the outcome will or would be, and except the trader is really lucky, he or she may likely never win such a trade.

Trade and gambling - two sides of a coin? No, Hell No. Indeed, both carry risk; yet, Futures trading isn't not a slot machine. It's a war against uncertainty. You study the market for weeks, months even. It is a nasty obsession rather than a hobby. This is measured risk not gambling. Knowledge, numbers, that is your weapon. When you dive deep into the market, gambling becomes skilled labor. It is about reading the patterns, adjusting, developing rather than about luck

Life itself is a gamble, right? So what's the difference? Trading mindlessly is like playing casino. Informed trading is science, with some creative overlay as well. Every trade, every bet, it's a calculated risk. The difference is that you have the tools, information, to tip those odds in your advantage. How does a trader relate to their money? It is quite deep. It is knowledge of human nature as well as the market. It's turning ambiguity into a trip with great stakes. And let me tell you, the highs are high, and the lows? They'll test your soul. And that's the nature of the game

People should really know on how to differentiate things rather than on making themselves thinking about on something which they whom thought that it is really just that everything would be the same.
Yes, they are really indeed both having those risks involved but it would really be that only differs in between an entertainment thing and something that you can called and investment or something
that which is something more serious when it comes on earning income or money or profits. It would really be that impossible that you cant be able to determine in between things about which one would really be that worth for your time and which one isnt. Gambling is really that that just good for entertainment and its something that you will really be also having those kind of non serious approach towards it.
Play for entertainment and not for profits so that you wont really be that making yourself being that too desperate when it comes to this aspect.

slapper

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Quote from: Fivestar4everMVP on August 16, 2024, 02:55:27 PM

Quote from: Dr.Bitcoin_Strange on August 16, 2024, 02:39:00 PM

~snip~

You are absolutely correct and I completely agree with you, futures trading is a very high risk venture and for one to be successful in it, or get the chances of being successful in it, that one have to spend weeks and months practicing and learning, doing otherwise simply means that when ever you enter the market to trade futures, you are simply gambling, specially if you are making use of leverage, and the chances of loosing fund in this type of trading is just as hard as it is to win a tangible amount of money from playing slot games.

And like you said that in gambling, we already know that the outcome, the result is uncertain, I think this is why trading blindly is also considered as gambling because, in this type of trading, we also do not know what the outcome will or would be, and except the trader is really lucky, he or she may likely never win such a trade.

Trade and gambling - two sides of a coin? No, Hell No. Indeed, both carry risk; yet, Futures trading isn't not a slot machine. It's a war against uncertainty. You study the market for weeks, months even. It is a nasty obsession rather than a hobby. This is measured risk not gambling. Knowledge, numbers, that is your weapon. When you dive deep into the market, gambling becomes skilled labor. It is about reading the patterns, adjusting, developing rather than about luck

Life itself is a gamble, right? So what's the difference? Trading mindlessly is like playing casino. Informed trading is science, with some creative overlay as well. Every trade, every bet, it's a calculated risk. The difference is that you have the tools, information, to tip those odds in your advantage. How does a trader relate to their money? It is quite deep. It is knowledge of human nature as well as the market. It's turning ambiguity into a trip with great stakes. And let me tell you, the highs are high, and the lows? They'll test your soul. And that's the nature of the game

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Quote from: traderethereum on August 21, 2024, 06:32:46 AM

If people can use gambling for fun, they will thinks that gambling gives benefit to them. They will not spends more money to gambling because they know the risks will increase.
But if they choose investing, they must research before choose the investment so they can make a profit. Many people choose investment than gambling because they make a profit from the investment while they use gambling to have fun.
They can make a profit from gambling but that will only if they have luck and no one know when they are lucky. So that will depends on what people decision because playing gambling or investing will be on them.

I agree with you. Gambling may be a good hobby, in my opinion, but there isn't any analysis behind it, because the odds there can't be analyzed and used to become better at it.

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If people can use gambling for fun, they will thinks that gambling gives benefit to them. They will not spends more money to gambling because they know the risks will increase.
But if they choose investing, they must research before choose the investment so they can make a profit. Many people choose investment than gambling because they make a profit from the investment while they use gambling to have fun.
They can make a profit from gambling but that will only if they have luck and no one know when they are lucky. So that will depends on what people decision because playing gambling or investing will be on them.

Z_MBFM

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Quote from: Taskford on May 19, 2024, 04:21:02 AM

Quote from: bSpend on May 18, 2024, 05:26:13 PM

Hi everyone,

This is something I've been thinking about for a while now, I thought it wise to ask here to see what you all think afterall.

Anyone who truly understands what investing really is, would or will agree with me that investing in memecoin currently, most especially on the Solana and Base blockchain; have become a gambling on its own, I've tried both normal gambling, and gambling on memecoin on the Solana blockchain, and I can't really tell, which is more profitable.

What I know is that, I lost on both, I placed bets on some sports games, I lost most and won a few, and just few days, I decide to try Solana memes, I lost all the money I used as capital for buying those meme coins, I lost all same day.

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

Maybe separate the thoughts about comparing meme coins investment and gambling since they have different activities done.

But since you bring this topic here I guess its more risky to invest on meme coins since once you already bought your tokens then maybe everything will became a questionable since we don't know if we have chance to earn especially if the owner of those meme coins is a notorious scammer then maybe with their project we might don't get any chance to earn since for sure they are the one who will dump first their project or they won't bother to add bigger liquidity on their token when this will be added on exchange. But in gambling we might get different result especially if we aim for fun since everything we do can give us satisfaction especially if we really enjoy those casino games.

Gambling is gambling Nothing compares to gambling but when comparing risks you can compare investing in memecoin to gambling as both are very risky. In other respects you can never compare any investment with gambling. Gambling depends entirely on your luck you can never predict your future with gambling but by investing in a coin you can predict what your future financial situation might be though no guarantee can be given. There are many potential memecoins in the market that can be predicted to do well in the future, but there are no gambling games that can predict future profits.

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Quote from: Dr.Bitcoin_Strange on August 16, 2024, 02:39:00 PM

Quote from: klidex on August 12, 2024, 11:39:17 PM

Maybe what OP meant was not buying tokens and holding them until the tokens were valuable but playing them in a futures way so that if there is a liquidation they will lose their money and cannot return it just like gambling when they lose.
Actually this can be interpreted as gambling because when we play meme coins it is also very risky because we don't know whether the coins will be worth good or a scam they have unstable prices in the market but we can prevent losses if we also monitor continuously when playing it and can use the stoploss feature while gambling can also be prevented from losses if we stop so in my opinion there is nothing more profitable because everything is full of risk.

If you decide to engage in futures trading on centralized exchange, when you don't have the knowledge about what you are doing, then you are only gambling with your capital. An individual needs to be fully knowledgeable and prepared to trade before they can archive better success from trading, but in gambling, you are already aware that your result are uncertain. Although winning can be archived but you don't know how frequent and when you need to stake a huge amount to earn profit, you just need to keep trying until you are lucky.

And not to overdo it, because it can lead to a bad situation Grin

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Quote from: Webetcoins on August 21, 2024, 03:48:19 AM

Quote from: slapper on August 09, 2024, 10:14:01 AM

Gambling and investing are both risky, but only one gives real reward. Gambling exploits our desire for quick cash. It's statistically intended to steal, not grow, money. If you can afford to lose money, take a flutter, but don't misjudge it

If we take gambling as a fun perspective, then I won't say that it is risky. Unfortunately investing can't be like this but their only advantage is that they are only more profitable or it is more easier/less riskier to profit at them. When we are having fun, that can also be considered as a reward. There is still a chance that we can also make money in gambling if in case our luck strikes with us. This makes gambling better than investing. Maybe for some people, they can also find it rewarding once they pass through the hardest times (I am referring to investing here), so for them they can also say that investing is still the real winner.

Provably not risk since we are not aiming for any huge gains since what people want in those cases is to have fun only on the games they played. But its weird to think about gambling as investment if someone think about it since there's nothing beneficial to get in that cases if they think about that scenario. But if they have fun by playing then I guess that is already a reward for people doesn't care about returns they get in gambling. For meme coin investment I guess its hard to think about sure profit with this since what I think this is more risky investment option to take since whatever good research done with this and how strategic you are we are bound to lose our money especially if the owner is ready to pull his rug pull schemes which common thing happens in those tokens. Also there's really a chance to win in gambling if the gambler knows when to quit and not greedy.

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Quote from: slapper on August 09, 2024, 10:14:01 AM

Gambling and investing are both risky, but only one gives real reward. Gambling exploits our desire for quick cash. It's statistically intended to steal, not grow, money. If you can afford to lose money, take a flutter, but don't misjudge it

If we take gambling as a fun perspective, then I won't say that it is risky. Unfortunately investing can't be like this but their only advantage is that they are only more profitable or it is more easier/less riskier to profit at them. When we are having fun, that can also be considered as a reward. There is still a chance that we can also make money in gambling if in case our luck strikes with us. This makes gambling better than investing. Maybe for some people, they can also find it rewarding once they pass through the hardest times (I am referring to investing here), so for them they can also say that investing is still the real winner.

Quote from: slapper on August 09, 2024, 10:14:01 AM

Investments differ. Research, insight, and patience are needed. Not naive faith, but calculated risks. Market volatility is unavoidable, but knowledge and discipline can weather the storms. It may not be as exciting as winning the lottery, but the long-term financial development is unmatched

Yeah I agree, still not just gambling but investing can also exploit our desire for quick cash (specifically meme coin investing) as they are known to be like gambling, that if we get lucky on them, their value can shoot to the moon in just a short period of time. With that, I won't say that we can't grow our money here. Not only investing but gambling do also need the three qualities that you mentioned there, especially if what we are playing is a skill-based type.

Quote from: slapper on August 09, 2024, 10:14:01 AM

Make prudent investments, cultivate it slowly, and reap the advantages. That's the risk worth taking

Slow and steady is the part where gambling really lags. Gambling is kind of day trading and long term trading and investments are complete different and we cannot think about gambling on these regard.

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Quote from: Shinpako09 on August 09, 2024, 09:43:29 AM

Investing requires research, not just putting in some money blindly. If you are only going to do that, you might as well gamble instead. At least if you get lucky, you might double your money or even more. However, in the long run, investing in memecoins might be more profitable, as long as you do your own research and find good projects one after another.

Normally investingin memecoinis more profitable than gambling only if research have been made to know if the memecoin is reliable to gain profit or not. But when people go into memecoin without having any knowledge about the coin the outcome of the investment can just be the same as gambling. Their are still profitable memecoin when one is able to make research but gamble remains gamble, it can never be predicted when.
Memecoin is better in profit than gambling because it can be studied to know if the coin will be profitable but in gambling you can't really tell if a game will be profitable.

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Quote from: Dr.Bitcoin_Strange on August 16, 2024, 02:39:00 PM

Quote from: klidex on August 12, 2024, 11:39:17 PM

Maybe what OP meant was not buying tokens and holding them until the tokens were valuable but playing them in a futures way so that if there is a liquidation they will lose their money and cannot return it just like gambling when they lose.
Actually this can be interpreted as gambling because when we play meme coins it is also very risky because we don't know whether the coins will be worth good or a scam they have unstable prices in the market but we can prevent losses if we also monitor continuously when playing it and can use the stoploss feature while gambling can also be prevented from losses if we stop so in my opinion there is nothing more profitable because everything is full of risk.

If you decide to engage in futures trading on centralized exchange, when you don't have the knowledge about what you are doing, then you are only gambling with your capital. An individual needs to be fully knowledgeable and prepared to trade before they can archive better success from trading, but in gambling, you are already aware that your result are uncertain. Although winning can be archived but you don't know how frequent and when you need to stake a huge amount to earn profit, you just need to keep trying until you are lucky.

You are absolutely correct and I completely agree with you, futures trading is a very high risk venture and for one to be successful in it, or get the chances of being successful in it, that one have to spend weeks and months practicing and learning, doing otherwise simply means that when ever you enter the market to trade futures, you are simply gambling, specially if you are making use of leverage, and the chances of loosing fund in this type of trading is just as hard as it is to win a tangible amount of money from playing slot games.

And like you said that in gambling, we already know that the outcome, the result is uncertain, I think this is why trading blindly is also considered as gambling because, in this type of trading, we also do not know what the outcome will or would be, and except the trader is really lucky, he or she may likely never win such a trade.

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Quote from: Dr.Bitcoin_Strange on August 16, 2024, 02:39:00 PM

Quote from: klidex on August 12, 2024, 11:39:17 PM

Maybe what OP meant was not buying tokens and holding them until the tokens were valuable but playing them in a futures way so that if there is a liquidation they will lose their money and cannot return it just like gambling when they lose.
Actually this can be interpreted as gambling because when we play meme coins it is also very risky because we don't know whether the coins will be worth good or a scam they have unstable prices in the market but we can prevent losses if we also monitor continuously when playing it and can use the stoploss feature while gambling can also be prevented from losses if we stop so in my opinion there is nothing more profitable because everything is full of risk.

If you decide to engage in futures trading on centralized exchange, when you don't have the knowledge about what you are doing, then you are only gambling with your capital. An individual needs to be fully knowledgeable and prepared to trade before they can archive better success from trading, but in gambling, you are already aware that your result are uncertain. Although winning can be archived but you don't know how frequent and when you need to stake a huge amount to earn profit, you just need to keep trying until you are lucky.

Anything that you do deal up without having that proper knowledge or experience then it would really be automatically considered to be gambling.You are really that indeed putting up yourself on such harm on the time that you would really be deciding on having that kind of involvement on which it would really be that recommended that you should really know on what you are doing.

In futures trading then i could say that it would really be still likely considered to be gambling despite of being applying with those analysis. The only thing that makes it to be one is on the time that you would really be dealing up with higher leverages on which we know that it could really indeed bring out that huge profits but also having that easily get liquidated once the market price movement would really be
doing it swings. This is why it would really be that important that you should really know on what you are really that dealing on with.

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Quote from: klidex on August 12, 2024, 11:39:17 PM

Maybe what OP meant was not buying tokens and holding them until the tokens were valuable but playing them in a futures way so that if there is a liquidation they will lose their money and cannot return it just like gambling when they lose.
Actually this can be interpreted as gambling because when we play meme coins it is also very risky because we don't know whether the coins will be worth good or a scam they have unstable prices in the market but we can prevent losses if we also monitor continuously when playing it and can use the stoploss feature while gambling can also be prevented from losses if we stop so in my opinion there is nothing more profitable because everything is full of risk.

If you decide to engage in futures trading on centralized exchange, when you don't have the knowledge about what you are doing, then you are only gambling with your capital. An individual needs to be fully knowledgeable and prepared to trade before they can archive better success from trading, but in gambling, you are already aware that your result are uncertain. Although winning can be archived but you don't know how frequent and when you need to stake a huge amount to earn profit, you just need to keep trying until you are lucky.

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Quote from: Shinpako09 on August 09, 2024, 09:43:29 AM

Investing requires research, not just putting in some money blindly. If you are only going to do that, you might as well gamble instead. At least if you get lucky, you might double your money or even more. However, in the long run, investing in memecoins might be more profitable, as long as you do your own research and find good projects one after another.

I personally prefer meme coins over gambling. I have a mindset of not making gambling one of my sources of income. It doesn't help at all. Gambling will cost you money and some people think gambling is just for fun. Meme coins are an investment even though it is actually the same as gambling because most meme coins have no good fundamentals or even no fundamentals at all. I agree to do research first, but by investing in some of the top meme coins I think it will be safer than gambling with the aim of preserving the value of your money.

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Quote from: Shinpako09 on August 09, 2024, 09:43:29 AM

Investing requires research, not just putting in some money blindly. If you are only going to do that, you might as well gamble instead. At least if you get lucky, you might double your money or even more. However, in the long run, investing in memecoins might be more profitable, as long as you do your own research and find good projects one after another.

Many people that do not understand how things work in the crypto market would end up gambling. I have done that before and I was lucky not to be too ignorant on how to trade the spot market. It is good we have understanding in some certain aspects of live so that we don't end up to be too ignorant of what we ought to do and what we don't have to do. If we are buying different coins out of emotion of the price going bullish within a perfect time is gambling. Gambling with cryptocurrency is like closing our eyes and choosing numbers at random without any knowledge or skill on how to go about investing in coins especially understanding the concepts than would aim us for a better results.

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I still don't know which one is memecoin gambling in which hope is referring to here, gambling is gambling, memecoins remains the same on what they were, you invest to take the risk on their possible outcome, this will have to do with the research you made, the kind of project invested, the duration and as well as the purpose for the creation of the project, while gambling is only for catching fun.

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To be honest, it's not profitable either using memecoins or not if you are not lucky in gambling. If it's about investing in memecoins versus other coins then investing in different coins other than memecoins is profitable in my opinion although if you don't want to miss an opportunity then you should also invest in memecoins but before that, gathering information about it should be a priority in order to choose the best memecoins that you can invest.

Topic: Memecoin Gambling verses Normal Gambling - which is more profitable? (Read 1043 times)