Topic: The difference between gamblers and real Bitcoin investors? - page 2. (Read 846 times)

I think participating in crypto related activities can turn into gambling when you don’t have enough knowledge. I think that’s just the line that separates the two. If you don’t study the risks enough and you just jump on the situation without proper understanding then you are just hoping for some luck there.

Investors who invest in Bitcoin to grow their wealth quickly will never achieve that success from Bitcoin. To invest in Bitcoin and profit from it, an investor must make a long-term plan to invest in Bitcoin. Bitcoin is not a quick money making machine. But those who can think far-reaching about Bitcoin can definitely get an opportunity to realize their dreams from Bitcoin.

Many of those who invested and held Bitcoin in the past did not make significant gains from Bitcoin but there are many who made a small investment but managed to make huge gains today by holding it. There are many who held on for a few days and many who profited by selling Bitcoin after it peaked. But there are still many investors who dream to realize bigger dreams.

I think that's a good point that there is a big difference of knowledge between them as you all know that in crypto we need to learn many steps and techniques to study the behaviour of different project and their graphs and to analyse our investments.

While in gambling you just blindly trust your fortune and you play a bet on something. In gambling you don't know what the output will be but in trading if you're skillfull enough you'll be close to the output.

I concur to this op is deraying from two things gambling is a gambler which fun in making despite money been attached as some use it as means of investment and making money, Bitcoin strictly is not gambling but a kind of investment that require once knowledge and patience  mostly when it comes to do with long time holding beside it's not quick to get rich process like many gamblers see gambling as quick to get rich another aspects is that the rate of losses involved in gambling even with good knowledge can't be in Bitcoin if their is a good knowledge of the investor for me I see this two things as something that has no comparison.

And what you say is not necessarily completely correct, I can say that it depends on the person. As I see on our forum, holders are the majority while traders are the minority. Most of the people here are aware of the risks in trading, they are holders and that is why if you are involved in a discussion on the topic of choosing between trading or investing. You will see people always giving advice to only hold for the long term, and limit or stay away from trading.

I agree that long term holding is not as easy as many people are saying but it is clearly easier to profit from it than trading. Making money has never been easier from outside work or in the financial markets.

Bitcoin investment and gambling are two non corelevant axis as gambling is way too risky and it's pure luck and sometimes betting is involved which includes bookies and basically one person's gain would be other person's loss but Bitcoin investment is just like any other traditional investment but more volatile compared to other assets like gold and real estate and also it requires proper analysis about the entry and exit point.

I think we all should try to remind ourselves of our goals in order to prevent ourselves from getting side-tracked. It might be hard to control and discipline ourselves especially when money is involved but I believe being able to keep focus and be oriented can help us.

Real investors don't think about luck, they work hard to reach their goal and spend money thinking that they surely get something in return. But gamblers, rely on luck and whatever they do, it won't change their position. Unlike investors, if they will work hard, and find good strategies and patience, they will take the rewards they deserve.

What you say is exactly right, even though both can make money, there are only a lot of differences. An investor doesn't look for profit at that time, he thinks about his future, how he waits a long time to get optimal results, so he does it by investing. Usually. Many gamblers or those who are addicted, of course find it hard to stop themselves, they will definitely continue to look for money and play again at the gambling table and look for luck in every round at the gambling table.

There may be many differences between a Bitcoin investor and a gambler but I will point out one similarity between a Bitcoin investor and a gambler is that both gamblers and investors are in risky business. An investor can easily refrain from investing if he wants and can invest in the market as per his will but a gambler cannot easily refrain from gambling.

I believe that's your own opinion on this because I feel the sense to believe that most people are of short term trading than holding up their assets for hold and that's because of the fact that most human beings today are off the nature of the inability to wait or persevere. Long term isn't all that easy like pie the way some persons put because it requires some level of discipline and patience knowing fully well that your whole load of assets is somewhere and you are of the inability to assess it till a specific speculated time.

IMO bitcoin is an asset and can be approached as such, what i see as gambling is when people rush into it just for profit sake and end up screwing themselves up by think in short term and maybe they enter because if FOMO and if bitcoin drops in price they lose some value in their money and end up leaving with a lose.

If you ask me, what is the hardest job? Then perhaps my answer will be the investment profession. It is a truly unique and harsh profession compared to other professions. Especially with Bitcoin and a volatile market like cryptocurrency.

You will see that every area of ​​life (sports, education, business, music, academics...) is a competition for rankings. But investing is completely different, it's not about how much money you make compared to those around you, it's a very unique profession, when what you fight for and win is not with others who join the market that is yourself. Win over yourself.

The challenge for Bitccion investors is not to try to find the best information the market has to offer, but to prevent themselves from being their own worst enemy - to prevent themselves from “restless”- buy and sell continuously

Restless busy has probably become an ingrained instinct in everyone's mind. A normal working person is too used to working 8 hours a day, their mind will always urge them to work. When you wake up and go to the company, you have to work. If you don't work with your hands, you work with your mind. You're always in a state of thinking or acting and you have to do this or that to make money. This makes them think that when they join the market, they You also have to work hard and hard to make money from the market. 
As I said, investing is a profession that is extremely different from other professions, especially with Bitcoin and the cryptocurrency market. The way legends make money is not mainly from buying and reselling transactions, but from "waiting".

Restless and waiting are two opposite things, and are also what help us distinguish between a true Bitcoin investor and a gambler.

that's because of the fact that most human beings today are off the nature of the inability to wait or persevere.

It's not even the waiting that's important but recognizing the true value of what you invest in. When you own something you know is cheap now you feel confident and can wait for a long time.

When you have a piece of land or a house that someone offers you x but you know it's worth 5x you're not going to sell and you won't be bothered by low offers. It's the same with bitcoin. Know the value and you will go far with that knowledge.