Memecoin Gambling verses Normal Gambling - which is more profitable? - page 3.

GreatArkansas

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

(....)
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..

I'm curious if this topic could be considered as trading because the way you make money here is by buying meme coins and selling them with profits.

To answer OP's question, for me, meme-coins regardless of which network it is, especially are totally risky most people call it "gambling" because, in just seconds or minutes, it could dump, which most of them are manipulated.

Zigabel

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I prefer to gamble with a real coin that I know for sure that I can make profit off it, I can aswell be sure my winnings aren't going to be lost by virtue of volatility or probably the coin not been such that I can easily exchange so it's better to gamble with actual coins you are sure of than to gamble with tokens you aren't sure of at any time.

Stable coins remain the best to gamble on and make good profit.

Moreno233

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Quote from: EluguHcman on August 05, 2024, 03:32:23 AM

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

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..

I do not invest on Memecoins but I gamble so if such option like this is before me, I will chose to gamble so that when I lost, I will know it was out of my betting strategies and when I fail, it is still of my betting strategies with the accompanied of fun experiences.

In Memcoins, I can not help it as my skills to stand on a good market shape can not be applied and when I lost, I will feel grieved because nothing good to write about the experience such as feeling the funs felt in gambling even when I lost.

You are right and I believe that gambling is better than investing in memecoins. If I decide to focus on sports bet for instance, I can continue betting with 2% of the capital per bet in selected events that are of high probability. Using this method and with the right discipline, it will be hard for me to lose all my money and if I'm lucky I can make big profit on it. But If I invest the same money on memecoin that have the probability of failure of over 90%, there is high chance that I will lose the money. Gambling is far more organized and reliable than investing in memecoins.

letteredhub

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

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.

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..

Now here's the gig about conventional gambling from shitcoins gambling. For sport betting you just have to be acquainted with the league and the current forms of the team you are betting for or against. With you strong knowledge about the games and how much you understand the odds you can make more money than you lose in normal gambling in addition to a touch of luck.

There is no volatility affecting the outcomes of the games, it's mostly the better and stronger team that usually wins the match. So if a gambler is careful enough to know all of these his losses will be minimal.

Any day, any time I'll go for conventional gambling against memcooins gambling

Odusko

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If you are talking about play to earn game's build on the Solana network, then I will say that you have to put alot of things in place before making a judgement about memecoins gambling compatibility or the traditional casinos this is because most times we have to build this decision with alot of experience and this experience have to come with time, same with traditional casinos preference one need time to build the experience we need and such we can't compare the two now most especially when we compare the memecoins casinos and the other crypto casino's who are operating traditionally outside the Solana network.
But the because the recent boom in the memecoins market with many telegrams casino gaining alot of popularity lately and this is a time where their market are gaining popularity but we can't compare them to the already extablish crypto casino's that we have around the market before the coming of the memecoin hype in the gambling market.

Dailyscript

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It's funny how you see memecoin as gambling and not altcoins in general. If investing in memecoin and gambling in sports is brought to me as an option. I'll gladly choose to invest in memecoin. And my reason is that there is a chance for a profitable outcome when you invest in good memecoins because there are some that are real and some are purely fake. So ill do broader research on which memecoin to invest in and of course, I beieve that i will find a good one to invest in.

Quote from: topbitcoin on August 05, 2024, 03:34:07 AM

Today I realized that it is better to play gambling with a controlled level of risk, and in the end it is all about luck whether gambling or trading meme tokens.

No doubt that both of them involve luck. But il believe that there is a level of luck and risk management in investing in memecoin compared to gambling. When you gamble and lose there is no hope/chance of you getting your money back to try again. While in investing in memecoin, if the coin go low at some point the coins get back sup and you can withdraw your money from it and try another or quit investing in it.

Adbitco

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Quote from: coolcoinz on August 08, 2024, 01:58:01 PM

Normal gambling is much better. Meme coins are too volatile to be used consistently. You can find out that the coin you staked and multiplied through gambling is now worth 30% less. By holding them you're increasing the risk factor, pretty much like if you were to lower the odds of your dice game for a greater potential profit.

I don't even try to obtain these coins because that would mean going through kyc on exchanges and paying fees. Why would I want to exchange my hard earned money or my bitcoin for something I don't even trust and just want to dump as soon as it goes up a bit?

Yes you are right holding meme coin is actually very dangerous due to its volatility nature, so this form of gambling is something I can't even try for a day because meme coin can lose it value completely without you even having any remnant amounted to the dollars equivalent rather seeing worthless token on your wallet. But gambling direct is either you win or lose at least it is one thing that rings in our mind that if we Gamble there is every tendency to win or lose the bets than holding those meme coin in fact I classified them as shitcoin and not to be hold.

Issa56

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

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.

Memecoins in every chains are the same, I don’t care if it’s in the Solana chain or any other chain, I don’t put my money in meme coins because I can’t really get myself frustrated. Seriously, I would rather gamble with my money than invest it in meme coins. I will say the risk involved in investing in meme coins is just more than the risk involved in gambling, and the chances of making money when you put your money in meme coins are kind of low because you will find it very difficult to know which one you will be making a profit from because lots of meme coins do always end up as scams.

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

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.

It’s very easy to lose money when it comes to meme coin investment because most meme coins are created just to scam people. After lots of people have invested in the coin, the team might just decide to crash the coin.

coolcoinz

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Normal gambling is much better. Meme coins are too volatile to be used consistently. You can find out that the coin you staked and multiplied through gambling is now worth 30% less. By holding them you're increasing the risk factor, pretty much like if you were to lower the odds of your dice game for a greater potential profit.

I don't even try to obtain these coins because that would mean going through kyc on exchanges and paying fees. Why would I want to exchange my hard earned money or my bitcoin for something I don't even trust and just want to dump as soon as it goes up a bit?

Forsyth Jones

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Quote from: Coin_trader on August 05, 2024, 07:56:14 AM

It depends on your purpose. Gambling games is perfect if you are seeking entertainment since this is the main purpose of gambling games while meme tokens investment is a different type of gambling which is not an entertainment focused risk.

I will preferred the meme token investment if my goal is just pure profit. It’s absurd to seek an investment the profit on a gambling games.

So we can’t compared them directly since they have different purposes and both of them has their own advantage against each other depending on our goal.

Another point to note is that when it comes to investing in memecoins, depending on market volatility, this operation can last for hours, days, and weeks. Often times, you end up at a loss.

This is very frustrating at first, but when playing games based on chance, if the goal is entertainment, you will get it right away, you won't have to wait for hours, but another challenge is beating the house.

Coin_trader

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Quote from: topbitcoin on August 05, 2024, 03:34:07 AM

Today I realized that it is better to play gambling with a controlled level of risk, and in the end it is all about luck whether gambling or trading meme tokens.

As far as purchasing meme tokens and playing gambling, it seems that it is much better to play gambling than meme tokens, because maybe this is also based on someone's experience, where I personally have never made a profit in meme tokens, on average getting a fairly large loss, while in gambling I count myself not so miserable in gambling.

In addition, in gambling I once got a big win which made me think it was better for me to play gambling than to play in token memes.

It depends on your purpose. Gambling games is perfect if you are seeking entertainment since this is the main purpose of gambling games while meme tokens investment is a different type of gambling which is not an entertainment focused risk.

I will preferred the meme token investment if my goal is just pure profit. It’s absurd to seek an investment the profit on a gambling games.

So we can’t compared them directly since they have different purposes and both of them has their own advantage against each other depending on our goal.

Kelward

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Normal gambling and buying memecoins are both risky and what they have in common is that they both offer chances of get rich quick. The problem with them is that in the process of gambling for quick money you can lose all your funds. A big difference between them is that most memecoins are scams and that means that they're not so much dependant on luck like normal gambling that mostly depends on unbiased luck. I'll rather gamble my money in sports bet or casinos because I know that they're pure gambling, rather than buying a memecoins that is most probably a scam project. Although an experienced person in cryptocurrency can carry out research first before buying memecoins and know when to empty their bags, whereas normal gambling don't need much research.

bering

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Meme coin was very hype several times ago and i have been heard some people can rich when they investing into these coins and these stories also makes some of people have inspired and joining to invest at meme coin because those people hopes they also can gets huge profit but in fact we have seen plenty of scam meme coin growing rapidly in the market and it makes people have lost their money and previously i have tried to joining the trend with attempts to invest at meme coin but i chose the wrong coin and lost my money

Since i was suffering huge lost at meme coin then i have done to invest at meme coin because investing at these coins has high risk so if i have money i think i will more likely to do normal gambling and indeed the risk from gambling too very high but at least gambling can give me the excitement and entertainment and when i was lucky gambling can give me decent profit

Jawhead999

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It's more profitable to gambling in memecoin.

In casino, the algorithm will make the house has higher chance to win than the gambler. It's really hard to beat the algorithm, hence most gamblers are lose than win.

In memecoin, you might invested in rug pull project or you buy at the peak and hype is gone. You might be in loss, but that's the "risk" of purchasing memecoins, there's nothing in this world has no risk.

topbitcoin

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Today I realized that it is better to play gambling with a controlled level of risk, and in the end it is all about luck whether gambling or trading meme tokens.

As far as purchasing meme tokens and playing gambling, it seems that it is much better to play gambling than meme tokens, because maybe this is also based on someone's experience, where I personally have never made a profit in meme tokens, on average getting a fairly large loss, while in gambling I count myself not so miserable in gambling.

In addition, in gambling I once got a big win which made me think it was better for me to play gambling than to play in token memes.

EluguHcman

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

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..

I do not invest on Memecoins but I gamble so if such option like this is before me, I will chose to gamble so that when I lost, I will know it was out of my betting strategies and when I fail, it is still of my betting strategies with the accompanied of fun experiences.

In Memcoins, I can not help it as my skills to stand on a good market shape can not be applied and when I lost, I will feel grieved because nothing good to write about the experience such as feeling the funs felt in gambling even when I lost.

retreat

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

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..

It's not memecoin gambling or normal gambling that can make someone more profitable or not, but it's more about the luck of the player at that time, their analysis, or how the gambling platform designs their games, things like that that usually make a gambler more profitable or not in their game. And discussing whether I'm more interested in memecoin gambling or not, I prefer to play at crypto casinos that support USDT or Bitcoin on their platform. That's just my preference since I'm more comfortable playing at crypto casinos and have known it from the start and don't plan to try other types of gambling.

Adbitco

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I can still remember how people used investment as gambling and I think they are always right in one way or the other because they knows that there are two things involved and of course surely these are the things which you must always experience. If you don't lose you gain, likewise it's to gambling, you would lose at some point you would gain,. Investment like memecoin is something I can't really trust people on because you would have to lose huge time especially these shitcoins that fills everywhere you wouldn't know there real intention towards the general public.

wxa7115

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Quote from: Forsyth Jones on May 28, 2024, 02:51:42 PM

If you are good at gambling and have a reasonable income that allows you to win more than you lose, it's better to continue with it. However, if we look at memecoins, just like any other bet, you must set aside money that you will not need. For memecoins, the more memecoins you invest, the greater your chances of at least 1 of them exploding in value going to the moon (something around 1000% or more) and this memecoin covering the costs of other operations.

Both are risky, you can double this risk even more if you use leverage on memecoins, if the market goes in your favor, you will obtain exponential gains, depending on the amount, you could even become a millionaire, but who will have the balls to do so?

You can invest $10 in one memecoin, $20 in another and so on. The higher the marketcap and the lower the Circulating Supply, you can invest a larger amount, you don't need to invest more than $30

That is often the strategy used by those that invest in those coins, they realize that if they invest everything in a single coin that their chances of success are not high, however if they invest in a multitude of coins then their chances of picking the right coin increase, but this means that their profits will not be very high anyway as the amount invested in that coin is very low.

So in a way, it does not matter how people try to invest in meme coins and take advantage of the pumps we see them doing from time to time, as it seems almost impossible to profit from them in a consistent basis.

Forsyth Jones

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If you are good at gambling and have a reasonable income that allows you to win more than you lose, it's better to continue with it. However, if we look at memecoins, just like any other bet, you must set aside money that you will not need. For memecoins, the more memecoins you invest, the greater your chances of at least 1 of them exploding in value going to the moon (something around 1000% or more) and this memecoin covering the costs of other operations.

Both are risky, you can double this risk even more if you use leverage on memecoins, if the market goes in your favor, you will obtain exponential gains, depending on the amount, you could even become a millionaire, but who will have the balls to do so?

You can invest $10 in one memecoin, $20 in another and so on. The higher the marketcap and the lower the Circulating Supply, you can invest a larger amount, you don't need to invest more than $30

Topic: Memecoin Gambling verses Normal Gambling - which is more profitable? - page 3. (Read 1054 times)