what going on crypto | THE FUTURE CASINO ??

coinfinger

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Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

I really cannot get what you are saying that much but from what you are saying, I was able to interpret it that you mean why are people speculating bitcoin everywhere like it is a gambling game where people just make lots of actions based on speculation, and for now, I think the market is more like a speculative market.

People speculate prices based on what they believe or either by what they have analyzed, although I will agree with you that it is now looking like they are just gambling with values because you see lots of people just making some speculation that is baseless, and you find out that in future, whatever they predict does not even come through or even near where the market direction will go and that is why we have lots of people investing now based on luck.

supercanada1

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Quote from: Genemind on November 05, 2019, 10:26:17 AM

We can't define cryptocurrency only as a gambling tool. Our own definition depends on how we use it but generally, it functions as a mode of payment and investment. Gambling is different from investing and trading though there are also similarities due to its volatility. Cryptocurrency is multifunctional and if there will be a massive adoption, we couldn't only use it in gambling but for lots of purposes as well.

Crypto currencies are being used by gamblers in online gambling games but calling them gambling tool is not very nice. With these, gamblers can not only play but earn assets that are good investments too. But like you have said, crypto currencies major role is of an investment that is used by traders for trading and others usually hold them for a long duration of time. Gambling is just a business where digital coins can be spend.

mb2122

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You might as well go to a casino due to the lack of regulations....

aysg76

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Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

Most of the people prefer to gamble online with the use of these cryptocurrencies as it is not legalized currency to be utilized for common purposes as fiat.So many spend their coins to earn more money by betting as they want to be rich with its usage.Its very common on various gambling sites.

dimonstration

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Dimon69

Quote from: malekbaba on November 06, 2019, 09:21:29 AM

Crypto trading is similar to stock exchange. People invest into anything to make quick profit. Greed is actual culprit. We get scammed because we are greedy. We dont even know about the project but we start investing into it. In casino, house will always win. Dishonest people will try to steal our money but we can only save ourselves if we can educate ourself regarding crypto. Otherwise we will always be a victim

Stock exchange is easier to invest since the companies are popular and are all registered in a specific country but it's not a quick profit, It takes time too depending on how we choose where to invest as well how we trade, before I earn in stock I also lose some and add some top-ups to recover, All investment takes time and really depends on our ability so we need to be not a victim especially in crypto that is too wide and speculative.

makolz26

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Quote from: akmal1984 on November 06, 2019, 11:11:56 AM

Because many people want an instant way to produce crypto. This opportunity is seen by people who have capital and then take the initiative to manage an online casino. I don't dare say the future of casinos will be in crypto. Because casinos are not only online but there are also real ones.With the future regulations, I am sure that there will be less and less growth in casino crypto.

Casino project has been all around the internet these past few years, they know the demand for crypto and for casino, so they combined it together for them to be able to earn thru cryptocurrencies as well as from the Casino itself.

Still, we should not do casino just for us to use crypto, we should avoid it as it may lead to trigger for us to lose everything we have, as we know gambling when become addicted is uncontrollable.

akmal1984

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Because many people want an instant way to produce crypto. This opportunity is seen by people who have capital and then take the initiative to manage an online casino. I don't dare say the future of casinos will be in crypto. Because casinos are not only online but there are also real ones.With the future regulations, I am sure that there will be less and less growth in casino crypto.

malekbaba

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Crypto trading is similar to stock exchange. People invest into anything to make quick profit. Greed is actual culprit. We get scammed because we are greedy. We dont even know about the project but we start investing into it. In casino, house will always win. Dishonest people will try to steal our money but we can only save ourselves if we can educate ourself regarding crypto. Otherwise we will always be a victim

nluesky21

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Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

Right, there are so many shitcoins now is really like casino,.
look, another good coins want to listen the exchange but forced to buy token ( ticket lotrey ) if want to listen ( gambling 100% )
buy ticket(token) and hope i got surprise like lotrey but change win is 90% lose..

jets567

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For now I don't see any problem for crypto if it's used in online casino since crypto have no no real use-case yet but I disagree with what OP's statement about comparing exchange to online casino because this two are very different platform especially on what they offer to their users. If OP thinks that trading and gambling are the same then he/she is totally wrong because trading needs knowledge to reduce the risk while gambling needs luck to win.

paseo1230

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Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

different a name but the same..
casino = buy chip and play ( casino makes you lose instantly if you play dice but if you play poker is same)
crypto = buy alt and play ( crypto makes you lose instanly if come into play PUMPnDUMP coin but slowly lose if you long term invest )

Perfect35

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Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

You might be saying this, because it seems to now be a common phenomenon, that there are many games based projects in the cryptosphere. The reason being that, a lit of them feel that block chain technology can help to bring in the fairness that a lot of gamers desire I. the gaming industry.

BlackFor3st

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Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

What makes you think that they are similar? If you can elaborate your reasoning's here why you are thinking like that the we can give you an appropriate answer to your questions.

Casinos are very different if you are going to compare it to exchanges but if you can elaborate some similarities to the two then we will be happy to give our own opinions and ideas to satisfy your doubts as exchanges are platforms where you can exchange crypto currencies to fiat and vice versa while casinos are focusing on games different games where the player can double their money or lost it.

xiboothrezi

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Quote from: tenakha on November 05, 2019, 05:42:44 AM

I think you mean "gambling." Yes, if you are unknowledgeable about it, trade is no different from gambling. Because, those who are not in this business see crypto as a money printing machine. Like, wherever he invest money, he is gonna make a big profit. Already this gambling results in loss mostly. But if you find out what is going on before you start trading, why would it look like gambling?

Actually the analogy is easy. Most people do consider investing in cryptocurrency, trading, not much different from gambling, even though there are strategies and techniques that must be applied correctly in order to get the maximum profit. If you want to be truly successful with trading, in particular, you must pursue it as a business, not just a game.

darknetx

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WAKE UP MAN

THE FUTURE CRYPTO IS REALLY SAME SCAM LIKE A CASINO , WHERE THE FUTURE OF PAYMENT Huh

think about if you want to save crypto just for payment ?
after you open wallet for paying something and you see the fund insufficient ( negative 90% )
do you think its normal ??

Ultimist

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There's a lot of illegal stuff going on here. All because people feel impunity and nobody can forbid them to create similar platforms. Maybe soon this question is solved, but now we will not be able to do anything with it.

Twinkledoe

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Quote from: Obito on November 05, 2019, 06:39:54 PM

Quote from: Rodeo02 on November 05, 2019, 03:09:11 AM

Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

You cant compare it to casino since trading and gambling is two different things.

Well these two are quite alike in a sense of taking the risk, and gambling your profit. You are betting here in a sense of expecting a later on profit. The two are executed differently but if we look upon on deeper context the two lies on a same mean. Trading taking the risk time after time when to buy and sell in a hope of profit, while, gambling games are simply betting in and let the luck be in your favor while taking the risk. What I mean to say is that the two are similar in a sense of taking the risk, and taking the gamble whether to gain profit or not.

Quote

Many might experience some lost in crypto bear market how ever its too far comparing it to gambling that you can win or lost everything in just 1 day.

You could lost in trading though but you could prevent in a sense of proper monitoring and time of selling. But still there are risk involve and gamble which may also imply to casinos.

To be honest, the statement of the OP is really not clear from the very beginning. We don't know exactly what he wanted here. We are just speculating that he is comparing crypto with casino. But anyway, we give our opinion no matter what. Tongue

Obito

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Quote from: Rodeo02 on November 05, 2019, 03:09:11 AM

Quote from: cryptowtf2020 on November 05, 2019, 02:27:09 AM

i dont know what happen,please tell me if you know them !!!
I see from time to time now crypto is similar casino online especially the exchange..

You cant compare it to casino since trading and gambling is two different things.

Well these two are quite alike in a sense of taking the risk, and gambling your profit. You are betting here in a sense of expecting a later on profit. The two are executed differently but if we look upon on deeper context the two lies on a same mean. Trading taking the risk time after time when to buy and sell in a hope of profit, while, gambling games are simply betting in and let the luck be in your favor while taking the risk. What I mean to say is that the two are similar in a sense of taking the risk, and taking the gamble whether to gain profit or not.

Quote

Many might experience some lost in crypto bear market how ever its too far comparing it to gambling that you can win or lost everything in just 1 day.

You could lost in trading though but you could prevent in a sense of proper monitoring and time of selling. But still there are risk involve and gamble which may also imply to casinos.

pobeditelvezde

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Wow! This is a nice comparison but, if fact, such a comparison is absolutely wrong and I even can prove it. How? Easy. A player in a casino has a negative expectation not depending on his skills because any casino is built to have a positive expectation vs a player. What about trading or investing? The situation with trading or investing is more difficult because when trading or investing everything depends on experience of a person to make a right decision and consequently your expectation depends on just you.

biddicoin

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most people who lose their money in crypto called it casino.

because they failed to understand and wanna blame rather than learn more

crypto is very different with casino, it is a fact.

when crypto's going down and down, you still take advantage by placing short position

Topic: what going on crypto | THE FUTURE CASINO ?? (Read 1177 times)