turned gambler after investing in BTC or investor turned gambler? - page 3.

lienfaye

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Quote from: bittraffic on December 12, 2022, 10:26:34 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.

He don't have idea yet about Bitcoin right? And he's just a gamer. Gamer and gambling is different and it depends how he is influence to play with a money involved. If she think there's a possibility for her son to start to gamble using Bitcoin then much better to keep if to herself.

Quote from: bittraffic on December 12, 2022, 10:26:34 PM

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'm an investor and turned into an occassional gambler as I don't do it often. I became interested because there are many online casinos where you can use crypto to play, so it's tempting to try.

kotajikikox

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unless one knows how to value money? either both has nothing to do with it , Gamblers can turn into investors same as investors can be a gambler but the main thing is that people must learn first to understand what is Money and how hard to acquire this , with that knowledge the said person will either invest? or will gamble with moderation , not like the son of that businesswoman who knows nothing about those because maybe being fed by her mother.
try to teach them first to value money and lets talk again later.

AicecreaME

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Quote from: virasisog on December 13, 2022, 07:00:09 PM

Quote

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

It all depends on one's goal and purpose in crypto. I was once just a gambler and I was influenced by my colleagues to gamble. I was using Bitcoin to bet but when the all-time high happened last 2017, I got curious and I invested in Bitcoin when the price dropped. I never thought that I would be interested in it aside from gambling. From then on, I have seen the real importance of Bitcoin and decided to save and invest in it. My purpose before was just to win Bitcoin by luck but I have switched to investment and just waiting for a good profit when the market recovers.

This makes sense. You can be in it initially for gambling, and turns out you want to invest in it because you've seen its value. It's good to know that you managed to turn your gambling habit into something more beneficial to you and is profitable in the long run. Although gambling once in a while as a breather isn't a bad idea as well as long as it is done in moderation and responsibly. There are many people that belongs to the choices and there are also people who would like to be excluded and label themselves using other terms.

But the main point I see in this is that regardless of how you turned to which, you should know financial literacy. You must be equipped with knowledge about risk assessment and management and you must have a strong self-discipline in order to do good in your chosen path.

michellee

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Quote from: Silberman on December 13, 2022, 09:35:14 PM

Quote from: bittraffic on December 12, 2022, 10:26:34 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?

This is difficult as there is not a direct relationship between gambling and investing, some think they are similar due to the fact that in both you are taking a risk to earn money, but while in gambling everything is up to chance, when it comes to investing you have a great deal of control about what you are doing, besides even if at first you were either a gambler or an investor this does not mean you will become an investor or a gambler respectively, so I do not think the question has much merit to begin with.

Unless his investment is not based on research and follows the advice of others, it is gambling because he just chooses what to invest without looking it through research. But from @OP's story, his son is not related to his desire to invest and only plays computer games.

But it's possible that gradually, his child can join in gambling if he is curious to see if his friend can win and tell him privately. With so many gambling advertisements nowadays, I think it's only a matter of time before someone can get into gambling and find the fun.

boyptc

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Quote from: Vaskiy on December 13, 2022, 07:21:16 PM

I've been accumulating to profit out of the bullish trend. Suddenly when the market declined the portfolio value of the holding declined. To keep the holding value stable I could've done to trade for USDT or some stable coins. Instead I started to gamble. This is where it all started and slowly I lost and to recover I started spending and now I was in a critical situation not able to invest/hold.

Sorry to hear that.

But you've done it correctly at the beginning but just did wrong when you're spending it. Nothing wrong to gamble with your profits but not to the extent that you have to gamble all of it.

Save for yourself and no one's stopping you from having fun but you need to remember and priority yourself first before doing anything else with your money like gambling.

Fivestar4everMVP

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I consider myself an investor turned gambler, this is because I've never for once gotten involved in online gambling until I became fully involved in crypto currency, bitcoin being the first ever crypto I bought.

I've gambled a few times offline, that is on land casinos, but I was never seriously involved, I gambled like once in every six months wagering a very minimum amount of money, but since I become an investor in cryptocurrencies, and as well discovered online gambling, I've become a more active gambler than I ever used to be.
Thanks to Bitcoin and cryptocurrencies in general.

Silberman

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Quote from: bittraffic on December 12, 2022, 10:26:34 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?

This is difficult as there is not a direct relationship between gambling and investing, some think they are similar due to the fact that in both you are taking a risk to earn money, but while in gambling everything is up to chance, when it comes to investing you have a great deal of control about what you are doing, besides even if at first you were either a gambler or an investor this does not mean you will become an investor or a gambler respectively, so I do not think the question has much merit to begin with.

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Quote from: bittraffic on December 12, 2022, 10:26:34 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?

For sure, it is very unlikely that a player will become an investor.

First, because a player who earns a lot of money with the game (which is rare), is usually addicted to the game and will hardly have time to do something else, such as managing a hotel.
And if he is like most people who lose more than they win, he will certainly never become an investor.

Already an investor, he can easily become a player, as he would find in games a form of entertainment for his tumultuous life, even his financial condition as an investor can be of great help to encourage him to play more and more believing that there is no risk of losing everything you own.

But I'm sure of one thing...
An investor with solid assets and lots of money, together with a gambling addict, is a combination that is unlikely to last long.

Either he will be an investor or he will be a player, I think it's impossible to be both simultaneously for a long time.

Darker45

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As to the poll's question, I am neither. I mean, I didn't turn into something else. I gamble but I am also an investor at the same time. Of course, my being a gambler started earlier than my being an investor, but I didn't turn from a gambler into an investor. I am both today.

As to which is highly possible, a gamer becoming a gambler or an investor becoming a gambler, I think it's the former. Although an investor is generally a gambler in that his/her positions are risky and yet he/she takes it nevertheless, there are certain rules, strategies, indicators, and others that are to be considered. In a gamer, it is easy to just risk and expect a certain reward if successful. That's nearer to gambling in its strict sense.

ralle14

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Quote from: bittraffic on December 12, 2022, 10:26:34 PM

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?

For the poll, i'm a bit torn between the two but I guess I started as an investor and then turned into a gambler as I remember stacking my signature campaign earnings back then before becoming a regular gambler.

On the other question, I would say the gamer is more likely to be a gambler because most games would try to sell their cosmetics in a way that's very similar to gambling.

stomachgrowls

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Quote from: Vaskiy on December 13, 2022, 07:21:16 PM

I've been accumulating to profit out of the bullish trend. Suddenly when the market declined the portfolio value of the holding declined. To keep the holding value stable I could've done to trade for USDT or some stable coins. Instead I started to gamble. This is where it all started and slowly I lost and to recover I started spending and now I was in a critical situation not able to invest/hold.

When we are someone who does have the knowledge about Bitcoin or crypto as a whole then we wont really be doing such foolish things for us to spend it out on something which isnt really that important.

For a young kid who do make out some gambling using up btc then it would be a common situation since he do still lack knowledge but eventually we cant really make out some conclusions yet
because we dont know if he's secretly accumulating too via playing gambling.Just like the rest of players who do make use of Bitcoin on their
gambling activity whether they are minding about investment or simply trying out to play for leisure purposes.

Vaskiy

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I've been accumulating to profit out of the bullish trend. Suddenly when the market declined the portfolio value of the holding declined. To keep the holding value stable I could've done to trade for USDT or some stable coins. Instead I started to gamble. This is where it all started and slowly I lost and to recover I started spending and now I was in a critical situation not able to invest/hold.

virasisog

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Quote

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

It all depends on one's goal and purpose in crypto. I was once just a gambler and I was influenced by my colleagues to gamble. I was using Bitcoin to bet but when the all-time high happened last 2017, I got curious and I invested in Bitcoin when the price dropped. I never thought that I would be interested in it aside from gambling. From then on, I have seen the real importance of Bitcoin and decided to save and invest in it. My purpose before was just to win Bitcoin by luck but I have switched to investment and just waiting for a good profit when the market recovers.

serjent05

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Quote from: bittraffic on December 12, 2022, 10:26:34 PM

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?

It depends on the perspective of the person. Even a person that is not into games and Bitcoin turned into a gambler. So I can say that it doesn't really matter what the person is currently doing. Gambling is enticing and anyone can be hooked by it.

I have been gambling even before I started investing. I got access to gambling activities when I was young, people are just playing cards everywhere in my place. But regardless, gambling doesn't bring me to being an investor. I think these two things have separate paths since one action does not promote another action. Like investment doesn't promote playing in a casino and vice versa. Whether we gamble or not is our own choice of path and is not influenced by any investment or gaming.

rahmad2nd

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Quote from: bittraffic on December 12, 2022, 10:26:34 PM

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?

First of all, we don't have any other answer options to the polls that are included in your question. so, from these two poll options. neither represents nor is it close to the most ideal of my options, personally.
from my point of view, a person can be a gambling addict even if it is not related to bitcoin or crypto investments and all kinds of things. there are many of us who can start gambling from land-based casinos, or fiat-based online casinos before playing at crypto casinos.

In connection with this industry, bitcoin is also widely adopted by casino platforms. certainly has the potential to change the pattern of habits for actors engaged in this industry. however, we cannot give a definite conclusion. because after all, we don't have the right answers to your questions.

DoublerHunter

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Quote from: bittraffic on December 12, 2022, 10:26:34 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 did not vote for any option above because I am not a gambler, when you talk about a gambler it is frequently gamble which I am not. I am also not an investor because I did not hold a large sum of BTC in my portfolio. The reason that it is happening is that we know how to use BTC and since we wanted to double our BTC we want them to gamble, so if you are having fun only and often gamble, I may not call you a gambler. this could be a trigger to the holder to gamble their money besides, BTC is very easy to use in gambling and probably that is the reason why investors turn to gambling.

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Quote from: bittraffic on December 12, 2022, 10:26:34 PM

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

I've been a gambler before I become an investor.

I think the latter part happens only to a few. When they know how hard to establish an investment and a business, they'll take time to think of it if it's worth to spend every buck they have for gambling.

That's why if an investor is aware of the possible drawback of a hobby through gambling and doesn't have a control of it, he/she is aware what might happen to them if they do so.

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Quote from: alastantiger on December 13, 2022, 06:10:03 PM

To answer your question I am not a gambler turned investor or and investors turned gambler. Rather I will describe myself as a gambler exploring the gambling -sphere. I am not interested in running a casino needle do I invest a lot of money into gambling. Do I take time out every month to budget very little amount of money for gambling I try out different games different casino website just two have a good time.

Same way or same words which i didnt really end up on being a gambler despite of being an investor.Both are different things which if you are still on your right mind then you could really differentiate on whats investment and whats leisure on where you could really be able to deal up with according on what you are tending to engage on.If you do play gambling then prepare for the amount of money
which you would really make use on having that entertainment.if you do do look for something income or revenue for long term then this is where investment would be considered.
If you do apply yourself on being a gambler with your investment then its not considered as investment anymore but pure gambling.

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I've followed the poll in this thread, I also don't think the child will play BTC gambling but it's commendable for you reminding that and introducing bitcoin to that person, but it would be nice to invite the hotel owner to also adopt for example accepting bitcoin payments to stay at the hotel his small as an investment, if he collects bitcoin from lodging and the price of bitcoin increases drastically it will certainly make him rich, if I were in his position of course I would do it after being rich selling bitcoin so there is no need to be a gambler

alastantiger

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To answer your question I am not a gambler turned investor or and investors turned gambler. Rather I will describe myself as a gambler exploring the gambling -sphere. I am not interested in running a casino needle do I invest a lot of money into gambling. Do I take time out every month to budget very little amount of money for gambling I try out different games different casino website just two have a good time.

Topic: turned gambler after investing in BTC or investor turned gambler? - page 3. (Read 665 times)