because both have risks . investing is risky . they often compare because when they hear the word investing loosing is also suddenly came to thier mind .
those people heard horrible stories bout failed investments but they are not really familiar with btc and crypto investments . a typical btc investment is much better than betting like what the reason stated on the first page . the only advantage of betting is that you will not be bored of waiting but investing usually have waiting times if the market is not that hot or hyped .
Topic: Why do people compare betting and investing in bitcoin (in terms of risk)? - page 3. (Read 968 times)
February 27, 2020, 09:30:38 PM
February 27, 2020, 08:53:07 PM
People have different point of view about investing in bitcoin. Since they are taking the risk of being a deficit, they compare it to gambling. No other than that reason. While we can still hold for a long term if market went down when we invest in bitcoin and that is indeed the good side of it.
Betting and investing is two different thing. Others just don't understand the essense of two. Slight similarities in terms of different points but it is still far different from each other.
Betting and investing is two different thing. Others just don't understand the essense of two. Slight similarities in terms of different points but it is still far different from each other.
February 27, 2020, 02:13:40 PM
Those kind of people is just lack of knowledge,
Most of the time, they just heard the information from other people that is why it leads to misleading information. People like that tends to learn from others without even knowing by themselves of what is really the function of bitcoin.
Most of the time, they just heard the information from other people that is why it leads to misleading information. People like that tends to learn from others without even knowing by themselves of what is really the function of bitcoin.
February 27, 2020, 01:57:17 PM
People do that a lot trust me , I completely understand their side of the perspective , understand but not agree.
The thing is there are people who are actively involved in the society since the ancient time
, let take example of Warren Buffett , he does think the same am sure of it .
People think if something goes up and make people millionaire instantly where they worked hard to reach at that point , it is nothing less of a lottery , it goes up and down instantly but people should realize that it is the 10% the remaining 90% they do not want to see , it is stable like every other currency.
The thing is there are people who are actively involved in the society since the ancient time
, let take example of Warren Buffett , he does think the same am sure of it . People think if something goes up and make people millionaire instantly where they worked hard to reach at that point , it is nothing less of a lottery , it goes up and down instantly but people should realize that it is the 10% the remaining 90% they do not want to see , it is stable like every other currency.
February 27, 2020, 01:35:37 PM
Bets and investments differ from one another and I have never seen Bitcoin as something we just bet. On the one hand investing is betting because you place a money bet on rising prices, but this is still different from normal gambling. Gambling means taking risks while having negative expectation values, while investing means taking risks while having positive expectation values. 
Lol, this is a pretty complicated comment.
Quote
Gambling means taking risks while having negative expectation values, while investing means taking risks while having positive expectation values
Don't take my response personal but I think you got this all wrong by saying that.
According to Wikipedia, Gambling (also known as betting) is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome, with the primary intent of winning money or material goods. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize.
To me, betting is a form of gambling. Don't make them look like two different things.
Also, bitcoin can be considered to fall into the definition above. Yes, you can call it gambling if you want, but my point in creating this thread is that the risk involved in investing in bitcoin isn't as high as that involved in betting whose result are gotten in minutes (short term betting. E.g football betting).
February 27, 2020, 12:59:12 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).
For those people who do treat bitcoin as form as betting then they are the ones that doesnt know the true essence or usage of btc itself but rather a gamble thing or just thinking that they can make out money of it.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).
In order to earn, of course you do need capital and theres no such thing on earning without risking something to invest on.It will always vary or depend on a certain individuals knowledge into particular things.
As a follower or enthusiast of crypto, its somewhat part of you to explain it further to those people who havent known yet on whats it all about in general.
February 27, 2020, 12:56:24 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).
To be real no investment is safe. So, it's a little gamble every time. If you are familiar at stocks, you'd know people compare stocks market to gambling and to some extent it has some features of gambling. But surely it's not always a gamble there or here. Crypto prices are always been volatile. The world average for bank interest might be something around 10% per year while you can see that change in just a day in crypto.
February 27, 2020, 12:42:45 PM
It is gambling if you truly believe btc can go to "zero".
Gambling means you can lose your money completely at the end of the event and it is purely based on luck.
You can temporarily lose %90 of your life savings in btc if you bought at the wrong time. It is not gambling, it is just being stupid and buying an over-priced asset or just being unlucky. Sadly though, this thing has to be bought by someone at its ATH if we want it to go higher than its last ATH.
Gambling means you can lose your money completely at the end of the event and it is purely based on luck.
You can temporarily lose %90 of your life savings in btc if you bought at the wrong time. It is not gambling, it is just being stupid and buying an over-priced asset or just being unlucky. Sadly though, this thing has to be bought by someone at its ATH if we want it to go higher than its last ATH.
February 27, 2020, 12:25:26 PM
Investing in Bitcoin is less risky than typical betting (or gambling?).
Bitcoin isn't that risky, by the way(still recommended that you trade what you can afford to lose). It's probably more profitable than most bettings I know. Though there are certain types of Bitcoin trading/investing that are more like the typical betting/gambling... things like leverage and option trading.
Bitcoin isn't that risky, by the way(still recommended that you trade what you can afford to lose). It's probably more profitable than most bettings I know. Though there are certain types of Bitcoin trading/investing that are more like the typical betting/gambling... things like leverage and option trading.
February 27, 2020, 12:25:05 PM
Well, we can't blame them if the really saw bitcoin investing as a type of gambling. I'm also one of those who also think that all forms of investments online even in real life are gambles. Why? because there is still a huge chance of losing your money no matter how hard you study about where you are investing in. And when we take that risk we already gambling our money not just by traditional means of gambling but the concept is the same, we are risking our money in hopes of profit.
In cryptocurrency we have a different process of earnings and most of the time to the people want to invest in the world of crypto and wait for the market price increase they suitable for this and also there are a lot of people making focus on this process because sometimes we cannot skip the opportunity to make more earning. After all, the market price is volatile, and we cannot predict what will happen next for the coming hours of the coin. Some people to make betting or gambling because it is useful to the people who love to play with risk with the use of cryptocurrency they can use this as wage to their games and also winning a single match in gambling you can take a lot of profit that you cannot get for a single day in investment, still it is risky. After all, there is only a small chance of winning, and it is right for you if you have a lot of knowledge and skills in the world of gambling. Those process of earnings are still it depends on the user how they will manage it to make more good income.
February 27, 2020, 09:37:05 AM
Simple put, if you invested in bitcoin any amount example 0.1 BTC there will be 0.1 BTC although its price is decrease or increase.
But when you bet 0.1BTC to one gambling place then when you got win you will get another 0.1BTC and othewise when you lose you will lose all your bitcoin.
This thing should be known by most people there who stamped invest bitcoin is like gambling.
But when you bet 0.1BTC to one gambling place then when you got win you will get another 0.1BTC and othewise when you lose you will lose all your bitcoin.
This thing should be known by most people there who stamped invest bitcoin is like gambling.
February 27, 2020, 07:50:37 AM
Well, we can't blame them if the really saw bitcoin investing as a type of gambling. I'm also one of those who also think that all forms of investments online even in real life are gambles. Why? because there is still a huge chance of losing your money no matter how hard you study about where you are investing in. And when we take that risk we already gambling our money not just by traditional means of gambling but the concept is the same, we are risking our money in hopes of profit.
February 27, 2020, 07:23:13 AM
My elder brother who lives in Italy thinks investing in Cryptocurrency is a form of betting, so he had to sell off his bitcoin late December 2017, he made good profit, last year when bitcoin was pumping, he regretted not buying again, he wanted to give me money to help him buy and monitor the trade, since he has a bad notion of bitcoin, I rejected his offer because he wouldn't consider the event of bitcoin correction. In betting you can loss all your money when the odds are against you, but in bitcoin your money can't just be totally loss.
Honestly, I don't really seem to understand why you rejected his offer. Even though he had a bad notion of bitcoin, people change. About 2 years ago, my friend was sending me bitcoin links and I still remember what I replied him. I told him that I'm not interested in all these online stuffs. 2 years later, here I am on the bitcointalk forum doing exactly what I said I won't do (cause I never understood it when the message came first). So people actually change.
February 27, 2020, 07:19:22 AM
My elder brother who lives in Italy thinks investing in Cryptocurrency is a form of betting, so he had to sell off his bitcoin late December 2017, he made good profit, last year when bitcoin was pumping, he regretted not buying again, he wanted to give me money to help him buy and monitor the trade, since he has a bad notion of bitcoin, I rejected his offer because he wouldn't consider the event of bitcoin correction. In betting you can loss all your money when the odds are against you, but in bitcoin your money can't just be totally loss.
February 27, 2020, 07:18:45 AM
This. Nice point, OP. You really cleared up the difference between the two words.
Gambling is simply just earn from the money you thrown or you'll lose even the money you throw.
In investing, you either earn from the one you invested or you lose a bit of what you had invested. You can still recover from your losses in investing. In gambling, it is gonna be 2x harder to get back to your feet.
Gambling is simply just earn from the money you thrown or you'll lose even the money you throw.
In investing, you either earn from the one you invested or you lose a bit of what you had invested. You can still recover from your losses in investing. In gambling, it is gonna be 2x harder to get back to your feet.
Exactly! And the funny thing about trying to get your money back from a lost betting is that you could just end up losing repetitively. I've been there before 😉
February 27, 2020, 03:58:18 AM
Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.
It is really sad to say that those people buys bitcoin when it is at ATH is really gain so much losses and it is kind og big losses because when the year of 2018 comes the bitcoin suddenly dump and that would be really one of the bad happenings that comes to them and also to the market. This probably says that investing and gambling or betting is just almost the same because on investing you don't know when the price will pump or dump so it is just like in gambling in which you are not sure if you will win or lose or the money will come back again to you.If you say that it's the investing in bitcoin and betting are almost the same thing then I'll say that bitcoin is a more secured and unique way of betting. Why? Well, whether the price will dump or pump, one thing is for sure i.e you cannot lose your bitcoin. The quantity you have remains the same; it can never reduce. Even though the price fluctuates, it cannot dump to zero. Summarily, Investing $100 (for example) in bitcoin is risky, yes, but not like betting with $100. I believe that was explanatory enough.
February 27, 2020, 03:51:15 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.
February 27, 2020, 01:39:22 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.
February 27, 2020, 01:08:48 AM
Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.
It is really sad to say that those people buys bitcoin when it is at ATH is really gain so much losses and it is kind og big losses because when the year of 2018 comes the bitcoin suddenly dump and that would be really one of the bad happenings that comes to them and also to the market. This probably says that investing and gambling or betting is just almost the same because on investing you don't know when the price will pump or dump so it is just like in gambling in which you are not sure if you will win or lose or the money will come back again to you. 
February 27, 2020, 12:37:24 AM
Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.
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