What percentage of bitcoin investors are gamblers ? - page 3.

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Quote from: Litzki1990 on November 21, 2023, 04:05:39 AM

Investing in Bitcoin and gambling are two different sites, so considering the two aspects, the number of members in Bitcoin investors and gambling sites can be different. Just as many people around the world gamble by joining online casinos, so many people around the world invest in Bitcoin. Again there are many people who play online gambling along with investing in bitcoins. I am a gambler as well as a Bitcoin investor if I say so. I gamble in my spare time but I prefer investing in bitcoins. In addition to investing in bitcoins, I also do some time trading. Gambling entertains me and when I win from gambling I try to fulfill my small desires with a portion of the profit. I am now involved in all three, investment trading and gambling.

At the very least, people who invest have pretty good financial control skills. And I think people who invest in bitcoin will not be too interested in gambling, even if it is cripto-affiliated gambling. Because they understand that investment is to increase their income, to get money. While gambling is just a waste of money. And even if they gamble, they gamble just for fun and don't take it too seriously.

That's just my guess which could be right and could be wrong. Because to prove this I have never seen survey results that show the involvement of bitcoin investors in the world of gambling. And if anyone knows the innovation, please let me know, because I am also a little curious.

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Quote from: swogerino on November 14, 2023, 03:12:25 AM

-snip-
Investors are people who invest in different businesses and I doubt Bitcoiners are also investors.

Although we won't know, because there is no real data as you said before, I agree with the intuition that the profile of the Bitcoiner is more like the one stop shopper you said, and instead of investing in different businesses like the traditional investors do (diversify, not all your eggs in the same basket...), they will be investing in different altcoins instead, and in the case of maximalists, not even that.

And yes, I agree with a profile more inclined to gambling than investing, although there are also stone hand HODLers who will stack even the last sat.

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Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

It's challenging to determine the exact percentage of Bitcoin investors who could be considered gamblers. The distinction between the two is quite important. While there might be some overlap, as in any financial market, most Bitcoin investors approach it as a long-term investment rather than a form of gambling.

If we were to estimate, I would be cautious about assigning a specific percentage, and it would likely vary significantly based on different factors such as regions, demographics, and market conditions.

As for the possibility that most gamblers are not Bitcoin investors, it's plausible. People who engage in gambling activities may not necessarily be interested in or have the financial literacy for investing in cryptocurrencies. The motivations and risk perceptions of these two groups could be quite different.

Litzki1990

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Investing in Bitcoin and gambling are two different sites, so considering the two aspects, the number of members in Bitcoin investors and gambling sites can be different. Just as many people around the world gamble by joining online casinos, so many people around the world invest in Bitcoin. Again there are many people who play online gambling along with investing in bitcoins. I am a gambler as well as a Bitcoin investor if I say so. I gamble in my spare time but I prefer investing in bitcoins. In addition to investing in bitcoins, I also do some time trading. Gambling entertains me and when I win from gambling I try to fulfill my small desires with a portion of the profit. I am now involved in all three, investment trading and gambling.

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Quote from: Hirose UK on November 15, 2023, 08:50:33 PM

~snip~

Rich gamblers and Bitcoin buyers tend to like big-payoff risks. This strategy is thrilling, but not for frightened people. A large cash cushion is needed to handle losses. Risk management is an intriguing change. It's not enough to have lots of money—you must know when to play and fold. Bitcoin follows this guideline as well as high-stakes games

Let's examine little gamblers and altcoin traders' paths. In addition to playing, they plan how to use their tools. Their choice of cryptocurrency demonstrates their willingness to take risks for significant gains. Not the same, is it? Their approach emphasizes investment basics: diversify. Instead than betting on one altcoin, they gamble on several. Despite its risk, this plan may increase their revenue. Risk and reward are delicately balanced, so be courageous and prudent

Yes, it true that those gamblers who always buy Bitcoin as an investment asset certainly have spare money to be able to deal with the risks that exist, in fact they don't have any feelings of fear at all about the risks that could occur.
People like this are truly extraordinary because they dare to risk money to make bigger profits, they think money is about numbers, not everything and they have a way of making money all the time.
It only natural to see that people like them tend to be more successful and successful because they are not afraid of risks, they can also overcome risks in every path they take.

Of course, it will be very different because small gamblers will prioritize how to use the least amount of money and make more money.
Likewise, in terms of investment or trading, they tend to take altcoin tokens or even tokens that are just about to be launched on the market at relatively cheap prices with the aim of being able to make profit when there is hype or an increase in prices.
But when what they want has been achieved they feel dissatisfied and do more things which give rise to greed.

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Quote from: GigaBit on November 16, 2023, 08:37:42 AM

A large portion of gamblers nowadays are involved with crypto gambling. Crypto gambling has gained huge popularity among those who used to gamble by fiat. What has played a major role in its popularity is the fact that gambling with crypto can be completely confidential. Gamblers who know about Bitcoin are the ones who are enthusiastic about crypto gambling and are ahead of Bitcoin investment. Since Bitcoin is a completely decentralized currency, its statistics are not available. But approximately we can say that a large part of Bitcoin investors are involved in gambling. If we take a look at the forum, it will be seen that most of the users are involved in gambling. However, its total number can never be determined.

I would say that we are seeing a reversal of how things used to be, years ago people discovered bitcoin first, they used it as an investment tool, and then they discovered they could gamble with it and if they were favorable to the idea they decided to do so.

However online gambling has gotten so popular lately that people now discover cryptocurrency casinos first and they buy bitcoin with the express purpose of gambling with it, while having no intention to invest in it, and while I think they may be missing an opportunity to increase their capital by investing in bitcoin, at the same time there is nothing wrong with doing this as those people are using bitcoin as it was supposed to be used, as they are using bitcoin as a currency to acquire the services they want.

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Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

Once I even believed that every bettor on blockchain platforms had discovered games because of Bitcoin, but today, with the absurd increase we have had in online games, it would certainly be very wrong to say that.

For many people, the act of buying cryptos only has one purpose: Spending it at a casino that only accepts cryptocurrencies. Investing in Bitcoin or other crypto is far from your goal, unfortunately.

I believe today that many of those who discovered Bitcoin more than 5 years ago are not players.

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Quote from: 348Judah on November 16, 2023, 07:59:11 AM

If there are alot of bitcoin users who are also gamblers, then i think it's because they have found the use of crypto casinos more interesting since they support the use of bitcoin for gambling unlike before when things are just base on fiat while using online gambling platforms, it's also another advantage to them to gamble without having to go through the use of exchanges before they can be allowed to use their preferred gambling platform to bet with bitcoin which is the currency they have in possession, so using bitcoin for gambling comes with alot of ease and the gamblers will always want to have such opportunity to use bitcoin since almost everyone is well familiar with having bitcoin with them.

After the emerge of the crytocurrency based on the gambling sites many gambler was from the bitcoin trading.So gambling sites was no created based on the crytocurrency now and it increased because of the increase in the crytocurrency based traders for now.The profit from the bitcoin trading and the profit from the other crytocurrency was used by the gambler into the gambling sites.So the gambler also used the fiat along with the cryptocurrency for the gambling and withdrew in crypto and fiat now.Many crytocurrency based gambling sites allow the gambler to withdrew the winnings in the fiat was the welcome one now.This was the biggest reason for the trader to do the gambling based on the cryptocurrency now.The bonus also more for the cryptocurrency based gambling sites.

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Quote from: mvdheuvel1983 on November 16, 2023, 06:55:30 PM

Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

I don't know where you got your stats from but I can tell that there are more bitcoin Holders who gamble. Gambling can be a more enjoyable thing using crypto. Everyone who gambles on this forum have Bitcoin or uses cryptocurrencies however not everyone one on the forum gambles despite having Bitcoin.

Doesnt matter if they are bitcoin/altcoin holder or not, anyone could gamble anytime and anywhere they want. Its their money and we do have the full rights on what we should gonna do with it.
Gambling is for fun and investment is for long term. We cant really be able to differentiate on which one is an investor or which one is really just that playing gambling. Percentage cant really be known
because we've been aware that when it comes to investment then each one of us would really be that discreet or wouldnt really be tactful about it. There's no need for us to boast
that we are bitcoin investors or simply having some crypto into our wallets. It is really just that there are people who are really that loving to know and see
if how many are really investors on which this is a private thing.

mvdheuvel1983

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Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

I don't know where you got your stats from but I can tell that there are more bitcoin Holders who gamble. Gambling can be a more enjoyable thing using crypto. Everyone who gambles on this forum have Bitcoin or uses cryptocurrencies however not everyone one on the forum gambles despite having Bitcoin.

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Quote from: angrybirdy on November 16, 2023, 07:48:11 AM

Quote from: Taskford on November 16, 2023, 06:11:30 AM

Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

No data to be shown since no people ask a data regarding on this condition. But there's a lot of us surely participate on any gambling activity but it just we don't know the actual figures.

Maybe the least thing we can do for this is to check the activities of people using bitcoin in this forum and see how many of users are into gambling since by visiting on threads or maybe on gambling discussion board you can see and get an idea that there's a lot of people participating on gambling activities. We also should not get surprise about that since here there's a lot of gambling site exist so provably many people will gamble because they want to test how fun it is or other try to see if how could they earn some money by playing simple games on a casino.

That's a good idea! If we will do that checking activities, I can say that there's a lot of gamblers are exposed in investing in bitcoin too, But not a reliable basis though, just an estimation only. I observed that most people participating in gambling discussion are more active when you visit the bitcoin discussion, in that way I can assume that they are also investors and traders not just a simple crypto gambler.

Yes its because we can see a clear picture here rather than guessing the numbers anywhere. There's a lot of promotion happening plus a casino run a signature campaign that's why its not surprising that many of those people here including newbie will try there luck on gambling since many though that they can earn money here and some may think that its best platform for them to have fun especially when they are bored and want to find an area or where they can burst there emotion.

This forum is like a all in one platform for all bitcoin and crypto users that's why many business owners offering any type of businesses since they know that there are so many people that ossiblly avail there services offer and we can see that on forum statistics or activities happening.

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Quote from: angrybirdy on November 16, 2023, 07:48:11 AM

Quote from: Taskford on November 16, 2023, 06:11:30 AM

Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

No data to be shown since no people ask a data regarding on this condition. But there's a lot of us surely participate on any gambling activity but it just we don't know the actual figures.

Maybe the least thing we can do for this is to check the activities of people using bitcoin in this forum and see how many of users are into gambling since by visiting on threads or maybe on gambling discussion board you can see and get an idea that there's a lot of people participating on gambling activities. We also should not get surprise about that since here there's a lot of gambling site exist so provably many people will gamble because they want to test how fun it is or other try to see if how could they earn some money by playing simple games on a casino.

That's a good idea! If we will do that checking activities, I can say that there's a lot of gamblers are exposed in investing in bitcoin too, But not a reliable basis though, just an estimation only. I observed that most people participating in gambling discussion are more active when you visit the bitcoin discussion, in that way I can assume that they are also investors and traders not just a simple crypto gambler.

A large portion of gamblers nowadays are involved with crypto gambling. Crypto gambling has gained huge popularity among those who used to gamble by fiat. What has played a major role in its popularity is the fact that gambling with crypto can be completely confidential. Gamblers who know about Bitcoin are the ones who are enthusiastic about crypto gambling and are ahead of Bitcoin investment. Since Bitcoin is a completely decentralized currency, its statistics are not available. But approximately we can say that a large part of Bitcoin investors are involved in gambling. If we take a look at the forum, it will be seen that most of the users are involved in gambling. However, its total number can never be determined.

348Judah

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If there are alot of bitcoin users who are also gamblers, then i think it's because they have found the use of crypto casinos more interesting since they support the use of bitcoin for gambling unlike before when things are just base on fiat while using online gambling platforms, it's also another advantage to them to gamble without having to go through the use of exchanges before they can be allowed to use their preferred gambling platform to bet with bitcoin which is the currency they have in possession, so using bitcoin for gambling comes with alot of ease and the gamblers will always want to have such opportunity to use bitcoin since almost everyone is well familiar with having bitcoin with them.

angrybirdy

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Quote from: Taskford on November 16, 2023, 06:11:30 AM

Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

No data to be shown since no people ask a data regarding on this condition. But there's a lot of us surely participate on any gambling activity but it just we don't know the actual figures.

Maybe the least thing we can do for this is to check the activities of people using bitcoin in this forum and see how many of users are into gambling since by visiting on threads or maybe on gambling discussion board you can see and get an idea that there's a lot of people participating on gambling activities. We also should not get surprise about that since here there's a lot of gambling site exist so provably many people will gamble because they want to test how fun it is or other try to see if how could they earn some money by playing simple games on a casino.

That's a good idea! If we will do that checking activities, I can say that there's a lot of gamblers are exposed in investing in bitcoin too, But not a reliable basis though, just an estimation only. I observed that most people participating in gambling discussion are more active when you visit the bitcoin discussion, in that way I can assume that they are also investors and traders not just a simple crypto gambler.

Taskford

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Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

No data to be shown since no people ask a data regarding on this condition. But there's a lot of us surely participate on any gambling activity but it just we don't know the actual figures.

Maybe the least thing we can do for this is to check the activities of people using bitcoin in this forum and see how many of users are into gambling since by visiting on threads or maybe on gambling discussion board you can see and get an idea that there's a lot of people participating on gambling activities. We also should not get surprise about that since here there's a lot of gambling site exist so provably many people will gamble because they want to test how fun it is or other try to see if how could they earn some money by playing simple games on a casino.

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Quote from: ethereumhunter on November 14, 2023, 06:16:05 AM

Small gamblers don't use bitcoins very often because they think it's better to keep their bitcoins rather than gamble unless they have a lot of bitcoins that they can use for gambling. We don't know how big the percentage is because many crypto gamblers still don't do KYC or they gamble secretly. It is possible that most gamblers are not yet bitcoin investors and use their bitcoins for gambling but that will depend on how they treat their bitcoins. If they treat bitcoin as an investment, they would prefer to keep the bitcoin rather than use it for gambling.

I was actually thinking about the reciprocal. They can gamble it, in hopes of increasing it more but there is still a problem here and that is the high transaction fee of BTC. This prevents them of doing it. Even without a KYC, I think that a gambling site can still have a way to track their unique players. We are lucky if some of them can reply on this thread about this matter.

Yeah, not all gamblers are investors because both activities are not the same. There are gamblers who are only doing it, mainly to get entertained. Bitcoin investors on the other hand, can refrain from gambling because they are more into business or making money and they know that gambling might affect them.

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Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

What do you mean, OP? Bitcoin investors who gamble here in crypto gambling also use Bitcoin to match or just gamble in the crypto gambling industry. Because if Bitcoin is the equivalent, I don't think any gamblers will do that right now because of its upcoming halving next year and also a bull run.

But if in cryptocurrency that is often used stablecoins and other cryptos like dogecoin, there are many people who are doing it here who are actually investors.

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Can't say for sure how many, but I've got a hunch that a pretty high of gamblers are diving into Bitcoin. I'd venture it's more than 40%, just thinking logically that the volatile market is perfect for speculation. Gamblers tend to love speculation, so there's this connection between the type of Bitcoin market and the gambling mechanisms they use.

The gambling scene in the cryptocurrency space seems pretty unrestricted right now, making many feel comfortable and secure jumping into the crypto world for some fun. There's also /]coinomize ready to help you mix your Bitcoin for better transaction privacy. The crypto space's ecosystem is quite inviting for gamblers looking to place bets, which is why a lot of Bitcoin investors are also keen on throwing down bets using crypto.

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Quote from: n00ber on November 14, 2023, 09:11:07 AM

Quote from: Hirose UK on November 14, 2023, 07:46:14 AM

~snip~

Yes, it's somewhere around 20% to 30%. Gamblers often tend to want to win immediately. They cannot wait like investing in Bitcoin. And gamblers often spend small amounts of capital, so their Bitcoin investment will not bring high profits. They will use that money to gamble or buy Altcoin. Because the profits are higher than Bitcoin and faster, the risk will be proportional to the gains.
The percentage of people who invest in Bitcoin are people with large amounts of capital. They consider investing in bitcoin to make profits, while they gamble for entertainment. And there are people who buy Bitcoin, but their primary purpose is to use Bitcoin for gambling.

Gamblers themselves can be categorized into two groups, namely rich gamblers and small gamblers people who are included in the category of rich gamblers have lot of money they even make bets that have lot of risks they always dare to use large amounts of money, so this is the percentage of people like this very big is also Bitcoin investor.
Meanwhile, for small gamblers they think about how they can make more profits with relatively small money, so maybe they gamble and also invest in Altcoin options which when the price increases can reach hundreds of times.
Moreover, every investor has their own strategy in investing just like gamblers who also have various strategies, but one strategy for generating multiple profits is just investing or trading Altcoins,riskie even though it is riskier it is commensurate with the profits that can be obtained.

Making profit from Bitcoin if you only use small amounts of money will never feel very satisfying, but in gambling Bitcoin is one of the favorite currencies because of the various benefits that can be obtained.

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Quote from: arhipova on November 14, 2023, 02:56:10 AM

What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.

This is a very difficult question to answer as there can be no accurate percentage of players who are at the same time investors.

In addition, the only information that we can gain and accept is that every investor has at least tried gambling in their lives. While it may not be cryptocurrency gambling, at least some sort of gambling where they risked their money in a risky environment. While this may be the case, we must all understand that a crypto-gambler has at least experienced investing on their lives; and the opposite also applies to this situation.

Topic: What percentage of bitcoin investors are gamblers ? - page 3. (Read 863 times)