Topic: Why do people compare betting and investing in bitcoin (in terms of risk)? (Read 968 times)
December 16, 2021, 08:35:49 AM
There is said"No risk No gain".In every business, there is a risk of losing capital. And there is no business in the world that has no chances of loss. So the same matter is with bitcoin. This trade, there involves hard work, study, knowledge, experience, and investment. It depends on your study and knowledge that how much you invest and what strategy, and planing you adopt. So bitcoin is not betting.
May 15, 2020, 06:01:23 AM
Investing in bitcoin is different from betting. People most likely to compare it maybe because it's just the same thing when it comes to risking your money. It is just their easiest way to at least explain how risky to do both. But yes, they are really different, if you are investing in bitcoin, you are expecting a return in a certain period of time, while in betting, there is no guarantee of return because it all depends on your luck whether you will win or not.
May 15, 2020, 05:48:20 AM
Typical day trading on cryptocurrency exchanges are more like bettings in my opinion. You place a bet that price will move to certain level, if it doesn't you lose, if it does you gain.
It's less risky(specifically Bitcoin trading) betting compare to others. This is probably why it's more tolerable. It can be very risky too, especially if you are betting on "pump and dump" or very volatile projects.
It's less risky(specifically Bitcoin trading) betting compare to others. This is probably why it's more tolerable. It can be very risky too, especially if you are betting on "pump and dump" or very volatile projects.
May 15, 2020, 04:17:58 AM
There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.
Bitcoin price is not stable and it increases or decreases in minutes most of the time, we have seen bitcoin dropped from 21k$ to 14k$ in 2017 so the one who bought bitcoin at 21k$ definitely lose their money. So there is a risk in bitcoin so invest money when you think this is the right time and I will get some good profit in 2-3 months.
April 21, 2020, 06:10:50 AM
Wagering and contributing isn't quite an equivalent together another and that i never observe Bitcoin as something we simply wager. in particular else, wagering is for here and now while contributing is end of the day . the 2 of them have chance however we'll generally depict it wagering just in case we're betting. Essentially, Bitcoin isn't considered as a game we will simply wager. Wagering resembles more on karma however contributing isn't. I'm wagering we'll generally believe a transient technique while in contributing we'd like end of the day arranging.
March 03, 2020, 04:25:14 PM
A misconception is widely circulated, ordinary people often assume bitcoin is not much different from betting. I really understand this because my family considers it that way, and advised me to leave bitcoin. I try to explain as best I can, that bitcoin is not entirely just a bet, there is an analysis that must be done, so it does not entirely depend on luck, but also strategy. After that, I just smiled and focused on my choices, and showed the best of what I got here.
Betting is risky, as well as investing using bitcoin. Investing with bitcoin will be the same as betting if it is not based on analysis and strategy, buying without calculation and clear analysis basis is bad. So make a difference with analysis.
We cannot blame anyone, lack of knowledge often leads to wrong understanding, and the best thing we can do is provide better information.
Betting is risky, as well as investing using bitcoin. Investing with bitcoin will be the same as betting if it is not based on analysis and strategy, buying without calculation and clear analysis basis is bad. So make a difference with analysis.
We cannot blame anyone, lack of knowledge often leads to wrong understanding, and the best thing we can do is provide better information.
March 03, 2020, 12:25:29 PM
From my point of view investing bitcoins is totally different from betting in terms of risks I don't see any reason why people would compare the investment of Bitcoins with betting whereas betting pose more risks than investments in the sense that you are faced with the fate of luck investments on the other surfaces more profits if there is potential increase in the price of Bitcoins betting is the same as gambling
March 03, 2020, 11:40:59 AM
I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
The reason why some people see bitcoin as betting is that, the risk level in both bitcoin trading or investment and betting are very much equal. With betting you can't actually tell the outcome even with all the statistics. Bitcoin also has similar characteristics since you can actually tell the next possible market value. Both Bitcoin and betting share similar risk levels and their profit margins are also quite similar. But personally, betting is more risky than Bitcoin. With Betting, it is very high to lose all the money you invested in the bet.I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
This is the problem I have with some people, even some of them on this forum. When people say that they lost everything in bitcoin, I keep wondering how that is even possible. Seriously, how do you even lose all your money in bitcoin, so you were not checking the price or what? And there is no way that bitcoin price will fall all at once and fall to zero.
There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.
In gambling, you are actually taking risks with a 50% percent chance of winning while in bitcoin investment you can somehow make sure that you can earn by choosing top coins and making your own plans that will secure your profit in the future. Although we cannot predict the price and the market's situation but we can do better plans to make it possible. There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.
March 03, 2020, 09:57:08 AM
This is the problem I have with some people, even some of them on this forum. When people say that they lost everything in bitcoin, I keep wondering how that is even possible. Seriously, how do you even lose all your money in bitcoin, so you were not checking the price or what? And there is no way that bitcoin price will fall all at once and fall to zero.
There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.
There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.
March 03, 2020, 12:11:00 AM
Now that you'be said it I guess they are both similar,
Both of them would need a proper knowledge and research about it in order to gain profit.
And both of them are unpredictable sometimes miracle could happen and change the whole game/market.
if you only read the topic?for sure you will not come to that idea,sometimes we nee to read the whole thread and not only the title because we will always brings inappropriate details.Both of them would need a proper knowledge and research about it in order to gain profit.
And both of them are unpredictable sometimes miracle could happen and change the whole game/market.
they are not same in many ways aside from both involves our money at risk but in whole?they are now.
March 02, 2020, 06:38:07 PM
I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
The reason why some people see bitcoin as betting is that, the risk level in both bitcoin trading or investment and betting are very much equal. With betting you can't actually tell the outcome even with all the statistics. Bitcoin also has similar characteristics since you can actually tell the next possible market value. Both Bitcoin and betting share similar risk levels and their profit margins are also quite similar. But personally, betting is more risky than Bitcoin. With Betting, it is very high to lose all the money you invested in the bet. I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
March 02, 2020, 05:47:30 PM
Yes, it can fall to zero , Yes it is Gambling,
or
let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment and years later still not recovered,
There are no guarantees, yes bitcoin can drop to zero any investment can, not realizing this can do you serious financial harm.
http://theconversation.com/five-reasons-bitcoin-could-enter-a-more-extreme-death-spiral-108766
Lol. Maybe you don't get what I'm saying. Let me try to be more elaborate.
Like you said;
Quote
let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment
Now it is less than 10K for years, you lost over half your investment
You lost over half.... Right? Cool.
Now here's the question; Do you lose over half or all when you're betting? You obviously lose all.
You said bitcoin can fall to zero? Well, you should understand that it can never happen within seconds, hours, day, weeks, or even months. Bitcoin would take a long time if it's price is going down. It cannot be sudden.
And once you see those red warnings, you could simply sell off and lose a little. Unlike betting in which you can lose even 10,000$ in a few minutes.
You can lose all at once when your prediction is against you in gambling(betting) but when it comes to trading, measures such as stop-loss can be put in place you can't loose all. It is also very difficult for a coin with high market cap and millions of dollars worth of trading volume to dump without you knowing.
Only few gambling sites offers the live cashout option for popular games like English premier league, France league and the rest. Your fate is being decided within 90 minutes in soccer betting while few only few minutes in some other games like virtual games.
March 02, 2020, 12:39:52 AM
It is the risk involved in both that make people to comparing both the same but the level of risk is not the same, Betting involve very high risk while trading bitcoin involvess moderate risk. When you throw a bet, you can lose all your money within a few minutes but it is not like that in bitcoin trading. However, if you choose to invest your bitcoin in Ponzi schemes and other schemes that promise you ROI, I think your risk is as big as someone gambbling as well because the result of both are always similar
March 01, 2020, 11:48:00 PM
I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
Hmm, dude, let's get some things right. Though not all businesses are betting but almost all businesses involves risk, it is just that the risk rate may be varying. And of course bitcoin cannot fall to zero but one may loose much if the bitcoin price drops much. The only thing that can make consistent gain more established is, if one is really patient and not greedy. Like: anyone who has invested during the 2017 bull run and couldn't have the price as invested again. Could have just kindly waited till the next bullrun.
March 01, 2020, 10:42:05 PM
I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).
Hmm, dude, let's get some things right. Though not all businesses are betting but almost all businesses involves risk, it is just that the risk rate may be varying. And of course bitcoin cannot fall to zero but one may loose much if the bitcoin price drops much. The only thing that can make consistent gain more established is, if one is really patient and not greedy. Like: anyone who has invested during the 2017 bull run and couldn't have the price as invested again. Could have just kindly waited till the next bullrun.
March 01, 2020, 09:11:26 PM
Now that you'be said it I guess they are both similar,
Both of them would need a proper knowledge and research about it in order to gain profit.
And both of them are unpredictable sometimes miracle could happen and change the whole game/market.
Both of them would need a proper knowledge and research about it in order to gain profit.
And both of them are unpredictable sometimes miracle could happen and change the whole game/market.
March 01, 2020, 08:58:57 PM
Because they have been introduced with bitcoin in a wrong way. This is happening all around the world and very few people know the inner bitcoin which has a lot of utility than fiat. Most people knows BTC as a money making/losing machine.
Yes, lots of people get talked about bitcoin as this very easy way to make lots of money if you have luck, you can clearly see the similitudes between a pitch like this and picture how people get introduced to betting initially.
I think most people anyway don't care about the tech that makes bitcoin possible, there's a need of simpler ways to interact with bitcoin, the simpler it is the more people will become a more permanent part of the market
March 01, 2020, 06:25:27 PM
Thanks for that explanation. To be honest, I am one of those people that thinks that gambling is the same as risky as investing and with your explanation, I was cleared that it is not so thank you for that. I never view that point in the past and no one is really bothering me to explain that. It is somewhat embarrassing but still, I learned something and that is great.
March 01, 2020, 05:55:43 PM
I think mostly because it is an online investment, maybe if it was probably an offline investment on something more physical, they will have a different view towards it,
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.
Some people also have this attitude towards stocks and the forex market that it's not an investment but gambling. There are traditional investors who think that investing is buying a real share in a property like when you buy a share in a restaurant or a factory and you can decide what it does how it's run. That if you buy a small packet of something in the Internet it's not a real investment even if that packet represents 0.1% of a real company.
Gambling and investing were never the same and are not the same that's why we have different words for them.
March 01, 2020, 05:46:46 PM
I think mostly because it is an online investment, maybe if it was probably an offline investment on something more physical, they will have a different view towards it,
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.
Some people also have this attitude towards stocks and the forex market that it's not an investment but gambling. There are traditional investors who think that investing is buying a real share in a property like when you buy a share in a restaurant or a factory and you can decide what it does how it's run. That if you buy a small packet of something in the Internet it's not a real investment even if that packet represents 0.1% of a real company.
Gambling and investing were never the same and are not the same that's why we have different words for them.
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