Topic: What percentage of bitcoin investors are gamblers ? - page 5. (Read 786 times)

That's what I thought, I have no idea about the percentage but one thing is I know, that most crypto gamblers are aware on bitcoin and has an investment too. I agree in your statement that it's difficult to extract because mostly investors and gamblers doesn't use their real Identity or they keep their information for their own privacy. I've read one of threads here in gambling discussion section last time that more people are using bitcoin holdings for gambling rather than fiat and I think it depends on your preferences but for now, We are all aware that the bitcoin price is increasing it's value, does anyone still using it for gambling?

Maybe the investor doesn't use bitcoin for gambling and prefers to save his bitcoin so he can get bigger profits when bitcoin gets a bull run. Wise investors and gamblers do this because they have seen what has happened to bitcoin in recent years so they want to be included so they can make a profit from investing in bitcoin. But maybe some gamblers are not yet bitcoin investors and just want to keep gambling, whether using fiat or crypto. These people don't really care about what happens with crypto because they only think about gambling. However, it is difficult to determine what the percentage is because there is no specific data that we can get. Even if we ask the casino, maybe we will only get a little information.

It is impossible to determine what percentage of bitcoin investors are gamblers because there are many gamblers who gamble but keep their information secret. These are more difficult to extract through online gambling also those who think that gambling is high risk prefer investment and do not use bitcoin for gambling. No one can give any exact guarantee of victory here but even if a new investor holds bitcoin for long term he will get profit if the price rises. That's why most gamblers think it's the right decision to invest bitcoins instead of wasting them by gambling.

Actually it is hard to determine if how much totally the percentage of investors are gamblers. Maybe there are a lot of investors who are Gamblers but we can't figure it out the specific value or them. What they said above that not all Bitcoin investors engage with gambling cause of of an investors are aiming to rich while those gamblers spend some of their money in order to play in gambling which is we are all know that in gambling we can not make a profits all the time.

for some reason, lately there have been lots of questions between gamblers - investors, gamblers - trading as something that doesn't make sense but is interesting to discuss.

and the question is why do we consider what percentage of bitcoin investors gamble?
there is no need for us to consider all this because there is no law that says a crypto investor must gamble and in crypto gambling there is also no question regarding whether the user is an investor or not. and for me gambling is just something that is a little unimportant for investors because usually investors will only think about profits, not throwing money away in vain, whereas gambling is just entertainment by throwing away money in amounts that we can afford.
so if you say 10%-20% I wouldn't be surprised because investors prioritize profits and dont want to take the risks involved in gambling.

That depends on what do you mean, if you mean only those that gamble with cryptocurrencies I would venture to say the majority of those gamblers have some bitcoin in reserve, as it would not make sense to invest in this market and somehow decide to ignore bitcoin.

But if you are talking about gamblers in general this number will be way lower, but at the same time I would expect this number of be higher than the percentage you could find on average on the rest of the population, as many gamblers decided to enter this market simply to try their luck with cryptocurrency casinos.

I think there are many risk-takers among us Coiners. Otherwise we would be tremble over holding our fiat money, like the nocoiners peasants currently do.

But in all seriousness, since we have so many risk takers here, they probably easily get into gambling without much marketing effort from the casinos side. If I was to guess a solid number, then probably around 30 % of us gamble, at the very least every now and then. You could perhaps derive the approximated number from the popularity of the gambling forum, but it is hard to tell, due to all the gambling spam from all the signature campaigns. They could be gambling fans posting, or just some people trying to make some money by posting. Who knows?

For which particular purpose is this question raised? I mean, what's the relevance of this question?

Anyway, I haven't heard of such kind of data, but your guess might be right. It might be that low. Probably even lower. Before, that percentage could be higher because gambling was among the first use-cases of Bitcoin. During those times when Bitcoin wasn't really a popular investment option, it was already used by gamblers. Now that Bitcoin has been labeled as a new asset class, the number of non-gambler owners must be the huge majority.

It's too hard to determine this information because not every Bitcoin investor is interested in gambling. Investing and gambling are two different activities that can be done without the need to experience both. One crypto user or the investor can focus on investing, the other can do gambling or both. It depends on the person that's why it will be too hard to say

i won't guarantee such statement that most crypto gamblers would want to have btc stash as more then likely, they would spend it also with their games.
but learning the percentage of these gamblers won't give us anything. just give an idea that a lot of crypto users are also gamblers.  
also, i believe a lot of crypto holders are also nongamblers as they would just want to take advantage of this opportunity to increase their crypto portfolio.

I have no idea what percentage it is, but I'm sure most crypto gamblers want to have a lot of Bitcoin or accumulate it in the future. This is the reason why they are here in the crypto space business industry.

Because everyone who enters the community bitcoin business industry knows all the opportunities just so that they can have Bitcoin in different ways. And there are others who are not yet capable of buying a large amount of bitcoin but hope to gamble in the crypto casino to get a big profit so that they can buy bitcoin in the future, in my opinion.

I obviously think that there is no way the information will render any help to the gambling space or the Bitcoin space. That's why such research has not really been carried out. There is no data for the information; roughly, I think that there are more Bitcoin investors who are not gamblers, but most of the gamblers—a very significant number of gamblers—have gambled with Bitcoin. They might not actually be Bitcoin investors who hold Bitcoin for a long time for the sake of making a profit, but they could just be gamblers who prefer to deposit and withdraw their winnings in Bitcoin or cryptocurrency generally.

Yes, determining the actual percentage will be difficult, but any speculative financial trade should be seen as gambling. Although bitcoin is been used for trading purposes but on the other hand, traders and investors still do this, carrying lots of risks in their bag. The only relationship between the possibility of traders who gamble is that it's closely possible for a crypto trader to gamble. I don't think any trader would see gambling as a wrong thing. So, bitcoin investors can as well be seen as gamblers because they don't actually know what the outcome of their investment would be. I'd say in the process of figuring out this in a survey. It'll be easier to begin with the number of gamblers who play using bitcoin across all online casinos. You'd notice that most of them are cryptocurrency investors who use a fraction of their investment to gamble. With the sole purpose of trying to quickly multiply their investment. In similarity, they shouldn't be any much difference in comparing the both online activities. In the sense that both doesn't have a specific reliable means of succeeding in the act. So, I can say that a very high percentage of bitcoin investors are gamblers. Not minding the kind of games they play. In addition, some traders of bitcoin still get addicted just like in gambling. While some still chase loss by trying different kinds of altcoins in the market to be able to regain more profits. Which lands most traders into bankruptcy. The similarities are crystal clear, that we may not need to take any further survey about bitcoin investors being gamblers. The probability is high. Talking about KYC a good number of crypto casinos now conduct it, to keep track of player's real life identity. It could also be a better means of getting an accurate result. Then the rest, that is those who do not gamble in platforms requiring kyc can be exaggerated, to get a perfect result.

In my opinion, the percentage of gamblers who are not bitcoin users is greater than that of bitcoin users. I don't know and can't predict the percentage of gamblers who are also bitcoin users because I haven't seen any surveys regarding this and maybe conducting a survey is also difficult because of the anonymous nature of bitcoin.

Do you think Bitcoin is still often associated with gambling so you question this?

There is no clear data to answer your question about the percentage of Bitcoin holders or bitcoin investors that are gamblers, but however, I think that the number should be above the 10% to 20% you said about, we should consider that more than 50% of Bitcoin investors are gamblers. This is because the crypto-currency market seems like gambling since the price of coins is not always determined except by speculations. This is a kind of gambling and that is why I believe that anyone that has the audacity to involve in cryptocurrency can still be a gambler. Cryptocurrency is the industry that wholeheartedly accepted gambling in all ramification. So they are just like birds of a feather. So, it is not difficult for anyone to begin gamble with their tokens when have excess of it.

I tried to find out if there had been any research on this, but I haven't found any results. Of course there are some Bitcoin investors who also gamble. Because gambling is an activity that is sometimes fun for some people and also provides good returns, especially these returns can be used for additional Bitcoin investment. Because as we know, there are many online casinos that use Bitcoin nowadays. So this will make gamblers even closer to Bitcoin. but as for the percentage, I'm not sure about that.

but that doesn't mean that Bitcoin investors are gamblers. Because there are many people who invest in Bitcoin as an asset that is worth it for long term holding. But on the other hand, they really hate gambling activities. Because remembering the negative impacts of gambling, especially if you are addicted. So this could be a problem and personal opinion. Basically,

We will not know something like this because in the end it is a condition that I think cannot be predicted because however to verify every person who gambles with all existing investors it will not be possible considering that most people still want anonymity and when gambling only a small percentage of sites have done KYC as one of the requirements so this will not be able to be used as a speculation with a percentage of what percentage of investors are gambling. But certainly in this case when gambling using Crypto as a gambling tool that is done then he is an investor but the scope is also still very broad because in the end even though bitcoin is the biggest chosen as a tool for gambling but not everyone also does the same because there are several altcoins that are choices.

Uhmmm, the digital currency has had its way into the current renaissance globally - that, infact has been a "problem" and also a solution to different other problems...
I think with that little analysis, coupled with the fact that we've got new peeps evangelised on a daily, I'd say that atleast 68% of gamblers are crypto base. All the same, I think others may have a different view to it.

Sandra 🧑‍🦰

we will never be able to get 100% accurate data about this possibility (we cannot possibly survey them one by one because it would take several decades), however there are quite a lot of bitcoin investors who never use the bitcoin they own for gambling, they use altcoins for gambling because of fees and so on, I rarely use bitcoin for betting capital Me, I more often use Litecoin or Tron because the fees are quite cheap, while I keep the Bitcoin I have as my long-term investment.

Determining the percentage for this is actually hard, you won't get the right figures here as there's no stats yet for this.
He will only be concluding here without solid basis. Also, what's the significance of this figure?
If he does really want to estimate the percentage for this, as suggested above, he can make a poll/survey in bitcoin-related forums and start from there.