PROS AND CONS OF CRRYPTOGAMBLING. - page 5.

traderethereum

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Quote from: Renampun on May 19, 2022, 12:33:43 PM

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

The convenience provided by crypto gambling sites provides opportunities for people who have never played gambling before.
By simply buying the coins they want and depositing them on a gambling site, they can start playing right away.
Even though in your country gambling is not prohibited, you still have to limit yourself in playing gambling because the addiction factor can come to you.
If you can get referrals from groups on Facebook, you can also earn from gambling.

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Quote from: Renampun on May 19, 2022, 12:33:43 PM

Quote from: og kush420 on May 16, 2022, 12:13:10 PM

Quote from: mirakal on May 16, 2022, 10:34:20 AM

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

What happens is that cryptocurrencies are a game changer, to open a bank account even if it is a relatively fast process you need some personal data in order to create one, while in order to create a bitcoin wallet you can do so in a matter of minutes without that data, so creating an account in a cryptocurrency casino is also faster and more convenient, this is making a lot of people to prefer cryptocurrency casinos, and when we add that some of them offer decent privacy then the fact that there will be nothing suspicious in your bank statements related to your gambling activities is without a doubt a plus, especially in the countries in which gambling is forbidden and you could get in trouble by doing so.

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Quote from: og kush420 on May 16, 2022, 12:13:10 PM

Quote from: mirakal on May 16, 2022, 10:34:20 AM

...

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

I also feel that way, after the emergence of crypto gambling sites, I feel gambling is getting easier...

No offline casinos and online fiat casinos are banned here (my country) leaving many gamblers confused where to gamble. I first gambled on a crypto gambling site then I told a gambling group on Facebook (closed group) that playing gambling on a crypto gambling site is very easy, as a result, many people end up playing on the crypto gambling site that I recommend.

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Quote from: LUCKMCFLY on May 19, 2022, 09:33:54 AM

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

I think you can win a lot of money in any online gambling casino regardless of whether or not it offers crypto as the gambling payout. Crypto is just way easier to manage and leaves behind less of an obvious paper trail that you were involved in gambling in the first place. Of course, if you do KYC then that point is moot but I see no reason to do KYC unless you are wanting to secure your funds legally, in case something happens to the casino.

If you were going to invest your winnings in crypto anyway, this way you would not have to do extra work. Not so much of a bonus though.

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Quote from: arwin100 on May 19, 2022, 09:41:16 AM

Quote from: LUCKMCFLY on May 19, 2022, 09:33:54 AM

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.

anything that creates a fake scenario that makes us ignore reality for a long period of time is a con imo.
better to have a rough true than a lie that makes us comfortable in a scenario where we can work and fight to create a better situation on our lives.
so... when approaching gambling it's probably better to know the game odds or be completely comfortable on losing all the play money... it could happen

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Quote from: LUCKMCFLY on May 19, 2022, 09:33:54 AM

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.

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The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

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Quote from: panjul07 on May 18, 2022, 11:35:13 AM

Quote from: michellee on May 18, 2022, 12:47:18 AM

Quote from: og kush420 on May 16, 2022, 12:13:10 PM

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

If gambling is the main problem, bitcoin should not be the one to be banned but gambling itself.
We all know there are many illegal activities in this world, government should be wise to do an action.
How if there is no crypto and most gamblers are gambling using fiat currency?
Will the government ban the fiat currency? Pretty sure it wont happen.

There is a possibility that the government will still ban or prohibit gambling because there are already many problems with addiction that occur in many countries. But maybe this is not widely reported so we think people who play gambling look okay. The presence of crypto in gambling has indeed provided a way for gamblers to play anonymously without anyone knowing. Yes, the government needs to be wise with regard to gambling issues so it is likely that the actions that will be taken by each government will vary depending on the situation and conditions that occur in their country.

Smartvirus

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Quote from: mirakal on May 18, 2022, 12:50:34 PM

Quote from: og kush420 on May 16, 2022, 12:13:10 PM

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

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Quote from: og kush420 on May 16, 2022, 12:13:10 PM

Quote from: mirakal on May 16, 2022, 10:34:20 AM

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

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Quote from: michellee on May 18, 2022, 12:47:18 AM

Quote from: og kush420 on May 16, 2022, 12:13:10 PM

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

If gambling is the main problem, bitcoin should not be the one to be banned but gambling itself.
We all know there are many illegal activities in this world, government should be wise to do an action.
How if there is no crypto and most gamblers are gambling using fiat currency?
Will the government ban the fiat currency? Pretty sure it wont happen.

Lucasgabd

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Quote from: iv4n on May 18, 2022, 05:47:13 AM

Quote from: Lucasgabd on May 17, 2022, 05:54:53 PM

<...>

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

Lucasgabd has a point! It's a thin line between passion and addiction, but that's the case when we enjoy doing something! And if we don't know how to control our passions they can eat us, literally! Gambling faster than something else, that's for sure! And I agree that the difference between vaccine and poison could be in dose, and that's a good lesson about why it's important to have some kind of control over things we do! Risk management is actually an awareness of all pros and cons when doing something! What to watch for and when to be extra careful!

In my case gambling is worth as long as we treat it as entertainment! Even if we lose that can be an affordable loss, we pay for every fun anyway, I am from those people who enjoy spending money on gambling more than on some other stuff!

propension for addiction and hability to control for sure has some relationship with genetics and brain chemistry too, it's interesting

I've been playing a lot of chess and I noticed how it affects my mood, I have to take care to to become grumpy if I lose a lot.
tricky...

on gambling, if you know yourself enough that in some situations you have the propensity to spend more than you expected, limiting total bankroll available for the game is probably one of the best strategies.

iv4n

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Quote from: Lucasgabd on May 17, 2022, 05:54:53 PM

Quote from: lalabotax on May 13, 2022, 04:53:59 PM

Quote from: Kingsyoung on May 08, 2022, 07:59:32 AM

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

Lucasgabd has a point! It's a thin line between passion and addiction, but that's the case when we enjoy doing something! And if we don't know how to control our passions they can eat us, literally! Gambling faster than something else, that's for sure! And I agree that the difference between vaccine and poison could be in dose, and that's a good lesson about why it's important to have some kind of control over things we do! Risk management is actually an awareness of all pros and cons when doing something! What to watch for and when to be extra careful!

In my case gambling is worth as long as we treat it as entertainment! Even if we lose that can be an affordable loss, we pay for every fun anyway, I am from those people who enjoy spending money on gambling more than on some other stuff!

michellee

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Quote from: og kush420 on May 16, 2022, 12:13:10 PM

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

Lucasgabd

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Quote from: lalabotax on May 13, 2022, 04:53:59 PM

Quote from: Kingsyoung on May 08, 2022, 07:59:32 AM

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

TimeTeller

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Quote from: og kush420 on May 16, 2022, 12:13:10 PM

Quote from: mirakal on May 16, 2022, 10:34:20 AM

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Does it mean that your region is allowing the online casinos to operate but physical casinos are banned?
Maybe, your government can see the positive side now of allowing casinos to do their business owed to the pandemic.
Because during this pandemic, online gambling is one of the businesses that really thrived and survived.
If they will allow it, and just get the taxes out of it, they can benefit from it, but the online casinos should be legally under their jurisdiction.
If not, they can't get something out of it especially those without gaming licenses. Maybe, they will change their minds now when it comes to traditional gambling.

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Quote from: mirakal on May 16, 2022, 10:34:20 AM

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

mirakal

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Quote from: DoublerHunter on May 14, 2022, 03:51:28 PM

Quote from: mirakal on May 14, 2022, 12:31:12 PM

Quote from: lalabotax on May 13, 2022, 04:53:59 PM

Quote from: Kingsyoung on May 08, 2022, 07:59:32 AM

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

We cannot literally blame them because that is their way to somehow enjoy life and that's what they are used to do, nevertheless if they knew that they are not that lucky with that kind of activities but still they chose to do because every gambler have their own certain reason why they kept on doing such activity even if it doesn't help them that much.

^ Probably the reason could be they enjoyed the game that somehow the money does not a problem or they can afford what they have spent in gambling.
There are people who gambling is their life, most of them are those people who live alone and nobody can talk, I know this because I have a friend that is so much addictive to gambling. There are too many pros and cons to gambling, but it is a matter of how to discipline ourselves and must be aware of the negative consequences that waiting ahead, as they said, be a responsible gambler and you will be fine, always remember that gambling is an entertainment purpose only not a money maker.

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

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Quote from: Kingsyoung on May 08, 2022, 07:59:32 AM

...
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
...

Gambling is never a source of profit, excluding certain categories of professionals (see professional poker) and people who are truly skilled in certain sports (who practically turn to events globally to place live bets).

Gambling is a great way to "have fun", get distracted, feel an emotion, but it should never be seen as a source of profit.

Even if it becomes a source of profit, (therefore a bettor able to win a decent amount) you must always check how many hours he has dedicated to it and how much he has risked (i.e. the capital played/instruments like laptop, internet connections, magazines etc)
.
You realize that it took him XX hours of his time to win XXX USD in one day.
An amount that cannot be won consistently, and a very small amount when compared to a gain that could come from another hobby or playful activity (such as "being a dog sitter!")

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Quote from: lalabotax on May 13, 2022, 04:53:59 PM

Quote from: Kingsyoung on May 08, 2022, 07:59:32 AM

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

People focus too much on the extremes, those that are professional gamblers and those that are addicted to gambling are but a very small part of the community of gamblers.

Most gamblers are simply common people that like to add a little bit of excitement to their lives by taking a risk with their money and I do not see anything wrong with that, after all as long as people do not bet money they cannot afford to lose then they should be free to do whatever they want with it.

Topic: PROS AND CONS OF CRRYPTOGAMBLING. - page 5. (Read 1550 times)