turned gambler after investing in BTC or investor turned gambler?

swogerino

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Quote from: maydna on December 16, 2022, 09:24:08 AM

Quote from: bittraffic on December 16, 2022, 01:03:33 AM

Some of us look at these differently though. There were times that I think I have gambled my money into investing a new token and the risk is still there. So far there are 14 who voted that they started investing and began gambling, it seems expected to have higher counts also.

5 voters are gamblers who become investors. Which of them follow the advice that says only invest money you can afford to lose would be for another poll.

If it is a gamble because of investing our money into a new token, I prefer to avoid trying it because we will have a hard time finding new tokens that can provide big profits later.

And if you choose to be an investor, you better avoid trying to be a gambler because it will cost you money. And if you are a gambler, you better try to become an investor. The choice is yours Grin

Some of the gamblers that are gamblers and not investors are people who have enough money to gamble but not enough money to invest and they want to first win big then they will would love to try investing Grin

,that is my personal case,I am trying to win a huge win from my slot machines game play and then see where to invest this money,of course not the brightest of the idea to try to make big money through gambling but I know the possibility exists despite being 1:100000000 and I am fully aware of what I am doing.

maydna

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Quote from: bittraffic on December 16, 2022, 01:03:33 AM

Some of us look at these differently though. There were times that I think I have gambled my money into investing a new token and the risk is still there. So far there are 14 who voted that they started investing and began gambling, it seems expected to have higher counts also.

5 voters are gamblers who become investors. Which of them follow the advice that says only invest money you can afford to lose would be for another poll.

If it is a gamble because of investing our money into a new token, I prefer to avoid trying it because we will have a hard time finding new tokens that can provide big profits later.

And if you choose to be an investor, you better avoid trying to be a gambler because it will cost you money. And if you are a gambler, you better try to become an investor. The choice is yours Grin

bitzizzix

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Quote from: Russlenat on December 16, 2022, 03:14:53 AM

Quote from: QueenVera on December 13, 2022, 04:46:22 AM

Whatever the case should be, the idea is just to stay in profit.
Investing is not as easy task and same thing applies to gambling but whatever the case should be, both a gambler and an investor wantes to be happy and just make money.
I was an investor before switching to gambling but that doesn't I mean I stopped investing, I only see gambling as a way to making passive income and on the days my winnings are much, I use mist of it for some more investments while I still try to gamble responsibly.

I was also like that when I started crypto. My first purpose is just to invest but when I realized I can also gamble with crypto, I started gambling hoping to make additional profits. But when I start seeing my money losing more from gambling, I realized that gambling can never be a resort from investing. Gambling should be for entertainment purposes only, and it’s not gonna give you sustainable profits unlike investing and trading.

Exactly what happened to me and I have gambled before getting to know crypto even though it wasn't very often. And I thought because crypto can grow holdings and it can also increase value, so I gambled on crypto.
and actually gambling is just a bet, luck is actually luck only has a very small chance, and losses are bigger. And for a while I had to control myself to limit bets and bet small amounts and only play when I had the urge, and try to be a wise investor.

macson

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Quote from: bittraffic on December 12, 2022, 09:26:34 PM

snip

Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?
But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?

i am not an addicted gambler, but i started gambling for the first time because i wanted to multiply the bitcoin that i have, that means i am an investor who becomes a gambler. i don't know how many have become like me, but to be honest, i think the best way to double the bitcoin we have is by trading or playing it in crypto gambling.

coin-investor

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Quote from: bittraffic on December 12, 2022, 09:26:34 PM

Are you a gambler that become an investor or an investor that turned into a gambler?

I really don't like to gamble online but I do have experience playing in casinos back then you need credit card and bank account to play something I don't want to use to gamble as its risky and my credit limit is just enough to my household purchase, but after the popularity of Cryptocurrency and many online casinos using Cryptocurrency I was tempted to play, its fun easy and cheap I remember my first deposit was $10 worth Doge so from investor I become a gambler, but there's a lot of risk playing in casino than investing or trading I found that out after losing huge amount of money.

inthelongrun

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I am not a heavy gambler but I did gamble already ever since I had my own money to bet. So I fall into the category of a gambler becoming an investor although I haven't stopped gambling as well.

I am actually surprised that most of the answers are opposite to mine. Did you guys just start gambling after learning and investing in bitcoin? Although it is already in my mind before that investing in bitcoin will open you to crypto gambling which is far more friendly, accessible, and private. I hope you guys are all responsible gamblers, especially these days when money is hard to find.

Casdinyard

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I think I can vouch for the majority of people in this forum when I say that a majority of us gamblers now have started in the cryptocurrency industry as investors and traders. Doesn't matter what the reason is, we just found ourselves investing hard-earned money on cryptocurrencies and eventually learned how to trade and all that, when we have finally accumulated substantial experience in the space, we ventured to the green pastures of the cryptocurrency gambling field either to unwind and relax, or to increase facets of profit. I myself started investing since 2016, but I just started gambling in 2021 because a friend, whom started in crypto looking for coin airdrops and then using them to gamble for more money introduced me to cryptocurrency gambling.

Russlenat

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Quote from: QueenVera on December 13, 2022, 04:46:22 AM

Whatever the case should be, the idea is just to stay in profit.
Investing is not as easy task and same thing applies to gambling but whatever the case should be, both a gambler and an investor wantes to be happy and just make money.
I was an investor before switching to gambling but that doesn't I mean I stopped investing, I only see gambling as a way to making passive income and on the days my winnings are much, I use mist of it for some more investments while I still try to gamble responsibly.

I was also like that when I started crypto. My first purpose is just to invest but when I realized I can also gamble with crypto, I started gambling hoping to make additional profits. But when I start seeing my money losing more from gambling, I realized that gambling can never be a resort from investing. Gambling should be for entertainment purposes only, and it’s not gonna give you sustainable profits unlike investing and trading.

bitterguy28

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the votes shows how we are mostly investors first before learning gambling , because as my own experiences? i only once invested and has no idea about crypto gambling at all , but after being one? then yes i turned into gambler but not that addicted but yes also losing big money sometimes like recently that all my year end bonus spent in gambling lol.

aioc

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Quote from: bittraffic on December 12, 2022, 09:26:34 PM

So she asked how I end up gambling online. I'm not totally a gambler at all, I started investing and somehow stray as I'm trying to win some.
She began to worry since her son is on the computer all the time and might gamble upon learning the BTC can be gambled.

She really has a reason to worry because gambling sites are just keywords away and some gaming sites are advertising gambling sites even showing deposit bonuses and chances to win big something newbies hard to ignore that's how I end up turning from investor to gambler long before I become active in gambling

Quote

Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?

They almost have the same interface and the same dashboard gamers can fully acquaint themselves with gambling sites with little tutorials, gamers and gamblers have the same risk behaviors they go all out when seeing an opportunity

Quote

But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?

I am an investor before turning to gambling when I was active in altcoin bounty hunting and gambling sites are advertising here in Bitcointalk I get attracted to those bonuses and a chance to win big prizes, which looks easy at first glance until you find out that it's not that easy.

bittraffic

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Quote from: _act_ on December 15, 2022, 07:54:09 PM

Quote from: ?? on ??

The higher possibility is investors mostly turns out to be addicted gamblers for reason. The gambling addiction kicks in after trying many lucrative promos on various casinos due to the large advertisement. Only a few lucky percentage of gamblers goes to investing permanently, IMHO. This is what I have seen in last 10 years.

Investing and gambling are not the same thing, it is just like comparing people that have money but gambling with it too. Someone can be investing on a project or a coin that can latter become profitable, that is investment. But anyone can become a gambler and if not properly avoiding using high amount of money it can be on a loss side for him. I think we should talk about gambling differently and investing differently too because they have no connection. We should just remain saying that gamblers should use what they can afford to lose is the proper thing to say for not to use money that they intended to use for another thing on gambling.

Some of us look at these differently though. There were times that I think I have gambled my money into investing a new token and the risk is still there. So far there are 14 who voted that they started investing and began gambling, it seems expected to have higher counts also.

5 voters are gamblers who become investors. Which of them follow the advice that says only invest money you can afford to lose would be for another poll.

_act_

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Quote from: ?? on ??

The higher possibility is investors mostly turns out to be addicted gamblers for reason. The gambling addiction kicks in after trying many lucrative promos on various casinos due to the large advertisement. Only few lucky percentage of gamblers goes to investing permanently, IMHO. This is what I have seen in last 10 years.

Investing and gambling are not the same thing, it is just like comparing people that have money but gambling with it too. Someone can be investing on a project or a coin that can latter become profitable, that is investment. But anyone can become a gambler and if not properly avoiding using high amount of money it can be on a loss side for him. I think we should talk about gambling differently and investing differently too because they have no connection. We should just remain saying that gamblers should use what they can afford to lose is the proper thing to say for not to use money that they intended to use for another thing on gambling.

JeffBrad12

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All of options are vague. I meant anyone would always be doing multiple tasks in their life and so, picking one from both was not true. These days investors were also doing gambling otherwise gamblers were also having some amounts of money invested in the crypto and so, all of things were true.
It doesn't make sense if you generalize someone could not do multi tasks activities by making two different choices. Those options were true but i guess any gamblers or investors were doing both of things at the same times.
I think that those options were not matched with the fact.

robelneo

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Quote from: bittraffic on December 12, 2022, 09:26:34 PM

Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?

There are millions of gamers in the gaming industry like gambling is also a multi-billion industry and if you look at the feature and what gamers are doing they are also doing what gamblers are doing they are buying pieces of stuff, leveling up challenging the house or their co gamer, so it's easy for gamers to shift to gambling and they want more challenge to make money they know what to look for and that's gambling

Quote

But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?

I am an investor first before I become a gambler there are a lot of advertisements here about gambling and since they adopt Cryptocurrency might as well play to have a chance of increasing my coins, of course, compared to gambling there's a lot of risks involved in gambling and if you're careless you can become a chronic gambler.

Fatunad

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Quote from: Wakate on December 15, 2022, 04:03:58 PM

From what I can see, it will be very hard for a gambler to turn investor because most of the funds could be used to gamble more which is why a gambler will always continue gamblers for ever. They will not be able to quit because of the zeal I'm them to gambler more so that they can win more profits.

It is very easy for an investor to go into gambling due to the quest to make more profits from the gambling market/world but it is very hard to see a gambler turning investor which could be due to find management and other factors. Even gambling addiction can cause it for a gambler not to become an investor.

But there are gamblers which are already investors but its true that it is most likely they would be using up those funds in the end of the day but there are ones which are really that good on controlling themselves.
If its really an investment then they wont really be that spending on whats been allocated for investment.It would really vary because not all person would really be the same when it comes to their
preference and dealing up with things.Some are really just playing because they do really love to seek for leisure for a stressful day or something that want to ease up those boredom.
We wont really know on whats up on someone on why they are doing such things.

Wakate

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From what I can see, it will be very hard for a gambler to turn investor because most of the funds could be used to gamble more which is why a gambler will always continue gamblers for ever. They will not be able to quit because of the zeal I'm them to gambler more so that they can win more profits.

It is very easy for an investor to go into gambling due to the quest to make more profits from the gambling market/world but it is very hard to see a gambler turning investor which could be due to find management and other factors. Even gambling addiction can cause it for a gambler not to become an investor.

KTChampions

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Quote from: bittraffic on December 12, 2022, 09:26:34 PM

This is just a question got from someone I hangout with yesterday when I introduced her to investing in BTC. She is 50+ but managed a busy small hotel and has a son who had been playing games on the computer all the time. After some discussion, I advised her to just remind the son not to gamble the BTC.

So she asked how I end up gambling online. I'm not totally a gambler at all, I started investing and somehow stray as I'm trying to win some.
She began to worry since her son is on the computer all the time and might gamble upon learning the BTC can be gambled.

Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?
But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?

I chose option number one and I'm surprised it's not the most popular option. It would seem that if you do something and it does not bring success, then you need to change (stop gambling), but no, instead, investors also turn into gamblers Grin

Very strange, especially given the well-known cyclical nature of BTC. Probably, people simply do not have enough nerves to keep their position in a volatile market, believing in their choice for years.

rhomelmabini

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Much likely I'm a gambler before which in turn to past that bad habit and now turning into an investor seeking for huge return with holding crypto. To be honest, I was only introduced into Bitcoin because of the need to gamble, way back Bitcoin wasn't hitting yet a thousand, I think 2016 and just only came in the forum late 2017.

For me, I think many are converted into investor into gamblers when time like this are hard but eyeing for an entertainment is easy especially thru gambling. Only a few could be the other way around I guess and base on the poll too.

Mahanton

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Quote from: panganib999 on December 15, 2022, 01:44:54 PM

It's very rare that I encounter people whose gateway to crypto came in the form of cryptocurrency gambling sites. Given how early the industry was before gambling was even introduced into it in the first place. However, I do see the logic behind it. There are people who would want to make money in one way or the other in the crypto industry, the best way to make it is through investing in bitcoin or other altcoins. Moreover, cryptocurrency gambling sites offer a vast array of altcoins and shitcoins that it is no surprise people could easily be curious on how things would be if they try to day trade it. There are others who invest their earnings from gambling, there's a lot of opportunities really.

There's a lot of way and its true that people would really be always be having that curiosity in mind which they would be finding other way on how they would be investing.It is really just that impossible
that people cant really be able to encounter when it comes to gambling.We know that people cant really just be that sticking into investing but also they would be also considering about leisure
which it is really just normal for us to engage for some time.Switching up from investor to gambler or gambler to investor? Its really that situational since not all
would really be ending up on having those realization or just simply they do know about that fine line when it comes into their differences.

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Quote from: goldkingcoiner on December 15, 2022, 01:17:32 PM

Quote from: bittraffic on December 12, 2022, 09:26:34 PM

This is just a question got from someone I hangout with yesterday when I introduced her to investing in BTC. She is 50+ but managed a busy small hotel and has a son who had been playing games on the computer all the time. After some discussion, I advised her to just remind the son not to gamble the BTC.

So she asked how I end up gambling online. I'm not totally a gambler at all, I started investing and somehow stray as I'm trying to win some.
She began to worry since her son is on the computer all the time and might gamble upon learning the BTC can be gambled.

Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?
But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?

As far as the question of investing turning people into gamblers goes, I think it seems very possible. But not just because of Bitcoin but rather the action of investing into something. That action alone is very similar to gambling because it has unknowable risks of losing money but also a probability of making money. Especially if said person starts trying out Daytrading and then trading derivatives... But the same can be said for investing in regular stocks. So bottom line the answer would be yes and no, you could become a gambler if you enjoyed the risky feeling of investing. But no, its not the fault of Bitcoin.

The other way around seems likely too, but on a lesser degree. I doubt investing is as fun as gambling is to a gambler. In fact, investing might seem long and boring to someone who is used to winning/losing instantly.

Good argument, it's not because bitcoin but because of your chosen practices, if you do day trade which similar with gambling you are expecting of a quick outcome, same as gambling win or lose you needed to move forward and re-try if luck is not at your side after you position your daily trade.

Also on the point that trading is boring in terms of doing research and really going deep with your analysis, but if you are just placing your position in hope that the market will fluctuate to your favor, it's same logic with gambling that you are waiting for luck to back up your bets.

Topic: turned gambler after investing in BTC or investor turned gambler? (Read 700 times)