Topic: The difference between gamblers and real Bitcoin investors? - page 7. (Read 846 times)

This has no correlation, the title “bitcoin gambling and Investing” but the context is investing as a job is a little confusing. Lol

We know gambling is completely different from investing even with futures trading they think it's different.

Don't make bitcoin investment as a job for OP anyone in investing while working you don't need to monitor the market because investment is long-term in nature, just buy and then save it is enough and set your selling target in the future.

This feels like a very myopic way of seeing things.
First of all, who takes Bitcoin investing as his job? How feasible is that? Bitcoin investing is an investment that anybody can have. I don't believe it's a profession. Bitcoin trading can be a profession, I guess that's what you mean.

Secondly, how did you decide that bitcoin investing/trading is the most difficult job in the world? There are tonnes of jobs in this world and so many of them are very difficult. The fact that you do not know the dynamics of the job doesn't make it easy.

Finally, you didn't really address your topic. Gambling is betting money on an event and the outcome is determined by chances while investments are buying an asset which grants you ownership of that asset. There are similarities between gambling and investment, but there are also differences and I don't believe "restlessness and waiting" is what differentiates the two.

I'm sorry, but I have a hard time understanding what you mean. First of all, gambling and investing have no correlation with each other; investing requires skills, knowledge, and mental strength, while gambling is mostly based on luck, unless we're talking about card games or sports betting, but they're still more reliant on luck than everything else.

I'm not quite sure what you mean in the third paragraph. From my understanding, you're trying to point out that we're our worst enemy, which is reasonable because a large number of investors panic during price dips. Containing yourself during these periods and coming up with the most effective maneuvers is necessary. Investing isn't a step-by-step process of predetermined steps, which is often done in the 9 to 5 workplace.

Gambling is understood differently by different people, so it all depends on how we understand gambling and how we understand Bitcoin. If we consider gambling to only cover chance-based activities (and not skill-based betting or games), then I'd say investing in Bitcoin is different because it's not a random chance, and there are certain real tendencies people can follow. But both gambling and Bitcoin investments entail a certain level of risk, so in this sense gambling isn't that different from Bitcoin because you can lose money and sort of can win money.
The op's point about being restless and waiting is relevant, I suppose, if we consider people who gamble regularly and people who invest long-term in Bitcoin. But if someone is trading Bitcoin, for instance, then this person is also restless, so to speak.

In as much as I show interest in the topic of this thread, the content is entirely different from what the topic portray. In fact, there's no correlation between the Op topic and what he discussed in the thread. As confusing as the post is, I think Op wanted to talk about the importance of holding and how beneficial it can be just as you point out. Holders are the people who benefit most from bitcoin and not those who risk their coins through trading. The challenges facing some holders remain the lack of patience which is mostly caused by insufficient funds. One can not afford to hold bitcoin for a longer period if they are not buoyant financially to survive without tempering with their investments.


Not everyone can be patient to hold for a longer time and I don't blame them for taking profits when they choose to. I believe this investment is all about individual goals and how you plan to achieve it. Taking early profits is not entirely bad since the motive behind the investment is to make profits but they should be aware that their future potential profits is becoming insignificant whenever they take profits. They call it smartness but I see it as a lack of calculation.

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.

Did I miss anything? What is the correlation of your title to the actual context of the post?

Gambling is not even a profession and you open this post asking what is the best profession out there is for you.

You are correct however when you say that investing in bitcoin is a waiting game and as easy as that sounds, people actually has a hard time doing just that. They want to take profit as soon as possible but for us patience is a virtue and it will pay off soon enough.

This is only a challenge if you are exaggerating your Bitcoin holdings by thinking about the price fluctuations all day long. How come it’s very hard to invest on Bitcoin while you just need to buy and hold then forget about everything. The only thing you need to do is just wait while you still doing your normal job let Bitcoin do his job for price growth.

Bitcoin price is proven consistently growing so there’s no way you will still doubt about Bitcoin when you invest on it. Just buy and hold are very simple things to do rather than a regular job that requires most of time just to get a paycheck at the end of the month. At least on Bitcoin you just need to wait for the result.

I don't agree with this. Although trading comes with its own level of risk, just like almost any other profession, it can either be taken as a side hustle or a full time job. It actually depends on the person in question. Trading is a full professional job and a lot of persons out there have it as their core source of income and I really don't see anything wrong with it. Just like we have responsible gamblers, so also we have experienced traders too.

One thing that people fail to understand is that trading is something that requires time and analysis. Experiences traders also understand risk management properly and are also good at applying it during the entire process.

If people are invest in Bitcoin, they're not gamblers, even though they didn't even know what is Bitcoin. Even they buy at the top, as long as they hold for few years, they will in profit. The only way we can call someone gambling in Bitcoin is they're trade Bitcoin in futures with high leverage.

That's the risk of a full time trader, there's nothing wrong if someone want to become full time trader if they have a lot money and want to put their dedication in trading.

Trading should not be taken as a job too and a trader should not put all his dependent on trading, because you can get liquidated for a wrong decision on the market and you will run at big loss. Investing and trading should be done as part time, and investing does not need much knowledge and attention as long as you are on a long-term bitcoin goal, what you are doing is just to buy and transfer to your cold storage wallet. A means of income is needed to invest and to trade because trading is very risky and investing is for the future.

Of course, hodlers will benefit more than traders because there is a high tendency of making profit in the long run, and there is a high tendency of running at loss when trading. The compounding profit effect makes hodlers bitcoin portfolio to increase in value over time.

That depends entirely on the person you’re asking. It depends on their skill set, the environment they grew up in, their attitude, and their dreams and passion. One would find a job very difficult if they did not like it in the first place.
Investing is not a job for it does not give you active income. If you didn’t have a job in the first place, where would you get the money to invest in from?

If investing is your full-time job, then it will not be sustainable.

There's a big difference between a gambler and a Bitcoin investor; in gambling, there's so much risk involved.

Gamblers rely on luck and chance, and their approach and mindset are different from those of a Bitcoin investor.
When playing bets, they go for short-term gain but very high risk, while Bitcoin investors engage in
cryptocurrency with a long-term perspective and exercise much patience.

Bitcoin investors analyze trends, the potential growth of Bitcoin, and technology.

Investors make decisions based on analysis, not on luck. 
Also, there are more risk factors or disadvantages to gambling, such as gambling addiction, debt, and losing money frequently due to the unpredictable nature of gambling and its effects on mental health, relationships, and overall well-being.

It wasn't that bitcoin knowledge acquisition is that hard or being the hardest or toughest to acquire, but we have discovered that many who are into it could be probably doing it wrong or feeling lazy to learn and know what is involved in this decentralized digital and volatile network, at least we have birth in a lot of bitcoin users and professionals whom by the virtue of how they all started, they have no experience or idea on what bitcoin is, but later they give their self towards learning and got improved through insights required to help them through their adoption journey.


This makes it sounds as if we are to make comparison of a bitcoiner to a gambler, which are two entire different things, your adopting for bitcoin is because you wanted to invest and secure your asset and also earn over time from it, this will also gives you control over them, while gambling is not something close to that, you're giving fun while using your money to gamble, whereby you mostly lose with bets on gambling than when you invest.

Perhaps what you meant is that a trader as a profession? As far as investment goes, it's easy, you just buy and wait when you are going to sell it and make profits.


I think you make your life complicated with that kind of mentality or mindset. Yeah, you might see it as competition, but nevertheless, if you want to compete then it should be against yourself and not compare what you have done or accomplished with others.


The difference is that you when gamble, you don't have total control of the outcome. But as least if you trade, you can mitigate your risk by using the principle of stop-loss.

Thumbs up for spotting this out _act_ . Making Bitcoin investments is not a job or profession that someone takes as a full time job. Except you are of course a crypto trader which will require you to have certain level of skills experience and and ability to analyze the crypto market properly. Even if you invest in Bitcoin you should also have a job or a reliable source of income. The investment should be more like your 50/50 way of battling inflation.

Op your idea is actually can be a very misleading one especially to crypto newbies. In summary, the context of your post is suggesting that Bitcoin is some sort of money making scheme. If you put it into perspective those that are currently profiting from Bitcoin are Hodlers who Invested very long ago. Long term Hodlers are the ones who profit the highest from Bitcoin hodling and you can't hodl for long term without a source of income.

I do not like how you started it that bitcoin investment is a job. See it an a passive way of making money as long as you can hold it and not considering of selling it even if it is falling in price.

This is true. If you wait, the price of bitcoin will still increase. Those that is losing small and sell their coins and people that do not know about trading are the ones that you are referring to gamblers. I agree with you.

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.