They all both having of high risk but betting is more likely to have it more and more chance to empty our pocket than of Bitcoin investment. I'd likely not to engage in betting because I know it wasn't safe at all. They all both possible to have losing ends but in betting is most like it comes near and possibly it gives you big losses instantly unlike bitcoin investment where we can still recover if we can manage to hold our funds.
I like how OP clarifies it to your siblings and hopefully, they could get it and soon to become an investor rather than being in betting.
Topic: Why do people compare betting and investing in bitcoin (in terms of risk)? - page 2. (Read 967 times)
March 01, 2020, 05:27:48 PM
March 01, 2020, 05:20:59 PM
By investing principles, you should only invest part of your income after spending. With high risk assets, only a portion of that should go with them. Serious funds that I best in high risk investments maybe go in at 2% of their funds.
So if you are a working class person, spending 10% of your income in investment and let's even say 5% of that in BTC, then you put in so little that with the risk it carries is utterly pointless. Better put cash in a lottery ticket or a horse race every once in a while.
So if you are a working class person, spending 10% of your income in investment and let's even say 5% of that in BTC, then you put in so little that with the risk it carries is utterly pointless. Better put cash in a lottery ticket or a horse race every once in a while.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
March 01, 2020, 05:03:41 PM
Most people who compare "Investing in Bitcoin" to “gambling/betting" are totally ignorant about Bitcoin/trading.
Betting is totally depended on luck-you can't deny that. On the other hand, Investing in Bitcoin doesn't work like that. You get more profit the more you invest in Bitcoin and if you are able to gain knowledge about trading then you can predict when prices may rise or fall. There is no risk investing in Bitcoin you just have to be patient.
Betting is totally depended on luck-you can't deny that. On the other hand, Investing in Bitcoin doesn't work like that. You get more profit the more you invest in Bitcoin and if you are able to gain knowledge about trading then you can predict when prices may rise or fall. There is no risk investing in Bitcoin you just have to be patient.
March 01, 2020, 01:25:21 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 partially agree with you. But in fact, you buy Bitcoin and bet that the price will rise.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).
If you trade on Forex, then you can also bet on lowering the price.
March 01, 2020, 11:49:32 AM
The truth is, lot of people see bitcoin as a virtual currency just for taking profit and not the other side of it that aim to provide the world with a decentralized financial system. Every investments option is associated with risk and cryptocurrency is not exempted. Lots of people will tell you that the downtrend of cryptocurrency market since the last quarter of 2017 has made investments in cryptocurrency same as other gambling options when it comes to risk.
Of course, investment in these two options are far different from eachother in every aspect as betting is a direct gambling while cryptocurrency can be term an investment option with the tendency to appreciate due to development of more utility. The only similar thing between the two is prediction
Of course, investment in these two options are far different from eachother in every aspect as betting is a direct gambling while cryptocurrency can be term an investment option with the tendency to appreciate due to development of more utility. The only similar thing between the two is prediction
March 01, 2020, 11:09:05 AM
When you invest in Bitcoin you are always exposed to certain risks and you need a bit of luck too that everything with your investment goes as it planned.
However, I wouldn't compare investing in Bitcoin with beting and gambling, this is not the same thing.
Gambling depends on pure luck and investing takes certain knowledge, experience and skills, you can't invest in Bitcoin by pure guessing.
However, I wouldn't compare investing in Bitcoin with beting and gambling, this is not the same thing.
Gambling depends on pure luck and investing takes certain knowledge, experience and skills, you can't invest in Bitcoin by pure guessing.
March 01, 2020, 10:55:55 AM
@OP Did you know you can invest in Bankroll of betting websites as well?
March 01, 2020, 10:25:59 AM
Simply because investing has risks, the same as betting in a gamble. Having both no assurance of the profit makes them similar. On investment, there could be a pattern that an investor would see which made him engage into investment, probably profit. In gambling, despite of the loss, a gambler would still play because of the same pattern, the possibility to regain the loss and earn profit.
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.
Depends on the kind of investment. If it is Gold or other stocks in the market, wherein the price are not that active but consistent, profit will be earned but it would take time. In gambling and other online investment, most people who engage to these things are aiming for profit go be earned in short term.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.
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.
This is right. The first thing that would come to their mind is profit from investing. If I am not wrong, Bitcoin is made in order to be used as a digital currency, due to its advantages in particular with blockchain technology. But given that there are people who made huge profit due to its active market value, we really cannot blame them for being interested to also, earn profit from investing to Bitcoin. But it has risk, it is a matter of picking your own poison. March 01, 2020, 10:24:36 AM
Bitcoin isn’t a gamble where anyone can just bet on it and win for me it is an investment wherein you put money it or invest on it which can give you profits depending on the markets performance. Betting is like spending money on something that can be based on luck or intuition whereas investing is you have things to consider and factors to look at to become successful.
March 01, 2020, 10:00:35 AM
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.
March 01, 2020, 09:47:41 AM
when talking about risks I do agree about some similarities between gambling and investing but not 100 percent the same.
The probability of winning or losing in the short term basis is the same but in the long term basis betting has none while investing still have probabilities.
The probability of winning or losing in the short term basis is the same but in the long term basis betting has none while investing still have probabilities.
February 29, 2020, 09:41:08 AM
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.
February 29, 2020, 09:36:00 AM
I strongly agree that betting and investing are two different things. Usually those who have such an assumption are newbies. Because if
we continue to invest in bitcoin, as we experience losses then we can decide on the hold bitcoin that we have.So when the price goes up,
our losses turn into profits. Different from betting if we experience losses, then what happens we will lose some or all of the capital we have.
So betting is more risky in my opinion. Maybe a newbie doesn't understand things like this, because of lack of knowledge about the world of
investment.
we continue to invest in bitcoin, as we experience losses then we can decide on the hold bitcoin that we have.So when the price goes up,
our losses turn into profits. Different from betting if we experience losses, then what happens we will lose some or all of the capital we have.
So betting is more risky in my opinion. Maybe a newbie doesn't understand things like this, because of lack of knowledge about the world of
investment.
February 29, 2020, 09:07:50 AM
Because some People here think that Investing in crypto is also a form of gambling that is why they use the term "Betting" in which totally i disagree just like what you have said Betting is too far from investing specially in terms of cryptocurrency that always has a value even how deep the dumping happens,there will be a small amount remain as value most specially in Bitcoin that has a highest price of all time and never bring losses to the supporters/investors that holds this for long term.
Everything that involves money, making profit and losing money is a gamble to the eye of a gambler. I don't expect this idea to struck and never in my mind that I compare bitcoin investing with gambling, yes bitcoin has been involve with gambling like in betting but bitcoin as a form of a gamble does make sense. I gamble online whenever I'm free, and I'mma it is a form of betting at first when you're a beginner since you are expecting for the price to increase as well as your investment, does really make sense right? But if otherwise, bitcoin's price is just a normal thing to play.and also Investing in Bitcoin means semi assurance because the long you wait is the possibilities of higher profit you may have so the chance is much higher than just to Bet.
Actually there is no assurance at all when we are talking about bitcoin, not because the price is high as of now but bitcoin is decentralized. February 29, 2020, 08:41:15 AM
If we are going to talk about it in terms of risk, it is almost the same since you are putting your money in risk. Investing is full of risk since you do not know what will happen to your money whether it goes up or down. This is not really the same but people is talking about it in terms of risk only. Do not take it as it is and full understand it first.
This answers your question. They all think that there are a lot of differences but I think there are common things that can affect the outcome like luck, and for the difference betting will rather give a quick income if you bet, but in investing there is a long term goal where you will want to hold until you double your initial investment. Think not of them as comparison rather they are more like analogy. 
February 29, 2020, 07:49:47 AM
You should have asked your sibling why he thinks bitcoin is a betting so that you will have an idea why his perspective is like that. The guy probably have heard it somewhere on the web that bitcoin is like that and he don't really understand the whole point of it.
Nah. He didn't hear that somewhere. He beloved in crypto but he just sees investing in crypto to be that way. However he believes it isn't much of an issue to me provided he believes in crypto and has earned from it.
So he's one of us and just see that investing is like betting. I guess there are a lot of people just like the way he thinks and we just can't remove that kind of mindset from them.
February 28, 2020, 12:23:51 AM
Betting is a risk some money to make a profit while investing is using some money to make a profit. In betting, we can have two options which are won or lose while we know that the chance to lose will be bigger than the win. In investment in bitcoin, although the bitcoin price is down, the price will increase again, and the value of bitcoin can up and down depend on the market situations. If people can be wise in investing in bitcoin, they will know when they can buy bitcoin, and when they can sell bitcoin, and they also know how much money they need to risk in bitcoin. They will accept the risk that the bitcoin prices can go up and down anytime, and they can stay calm when the price is down.
Perhaps, people who don't learn how to invest in bitcoin will think that it is the same as betting because they use their money to buy bitcoin at any price. But if they can hold bitcoin for the long term, and they only sell bitcoin if the price can increase higher, that will not be the same as betting because they don't lose their money, but it still in the bitcoin form.
Perhaps, people who don't learn how to invest in bitcoin will think that it is the same as betting because they use their money to buy bitcoin at any price. But if they can hold bitcoin for the long term, and they only sell bitcoin if the price can increase higher, that will not be the same as betting because they don't lose their money, but it still in the bitcoin form.
February 27, 2020, 11:22:48 PM
Because some People here think that Investing in crypto is also a form of gambling that is why they use the term "Betting" in which totally i disagree just like what you have said Betting is too far from investing specially in terms of cryptocurrency that always has a value even how deep the dumping happens,there will be a small amount remain as value most specially in Bitcoin that has a highest price of all time and never bring losses to the supporters/investors that holds this for long term.
and also Investing in Bitcoin means semi assurance because the long you wait is the possibilities of higher profit you may have so the chance is much higher than just to Bet.
and also Investing in Bitcoin means semi assurance because the long you wait is the possibilities of higher profit you may have so the chance is much higher than just to Bet.
February 27, 2020, 10:48:34 PM
I think it comes down to volatility. People assume it's a bet with bitcoin because it drops 10-20% in a single day every couple weeks/months where as in all other markets that exist, you never get a drawback greater than 10% and that usually only occurs once a year or two. Bitcoin can log 40-50% pullbacks and still be in a macro bull run. Where as in other markets a 20% pullback is a recession/depression ensuing.
February 27, 2020, 10:18:18 PM
Indeed they're both risky but their different in so many ways. Betting is basically based on luck without any technical analysis or logic without any pattern or algorithm not unlike Bitcoin investing that has fundamentals and good amount of support, adoption and community that's been proven and tested as a legitimate asset.
Jump to: