Obviously different investments and bets in my view, when you invest in a coin let's say bitcoin with as much as $ 1,500 well there you will invest for a long time or can when the price is rising so you will never lose your money if the investment not for sale so I think investments and bets are better investments that are futures compared to betting are just not important.
Betting is only to guess the numbers if you miss then your betting money will disappear in an instant and therefore people always compare bets and investments are clearly different in my view.
Topic: Why do people compare betting and investing in bitcoin (in terms of risk)? - page 5. (Read 967 times)
February 26, 2020, 04:01:14 AM
February 26, 2020, 03:47:41 AM
what they talk about is the price. why they sometimes say that bitcoin is a big risk investment because the price can make you lose, even worse than betting.
imagine, when you hold back $ 10,000, and suddenly you see the price is only $ 1000, it makes you feel a big loss because you're not ready. It's different from betting, you won't be surprised by the results, because you're ready. although this is different but has the same thing. if you make a move without any information, you can say that you only bet on the bitcoin investment.
imagine, when you hold back $ 10,000, and suddenly you see the price is only $ 1000, it makes you feel a big loss because you're not ready. It's different from betting, you won't be surprised by the results, because you're ready. although this is different but has the same thing. if you make a move without any information, you can say that you only bet on the bitcoin investment.
February 26, 2020, 03:44:35 AM
Betting and investing is different from each other and I never see Bitcoin as something we just bet. First of all, betting is for short term while investing is long term. They both have risk but we tend to describe it betting if we're gambling. Basically, Bitcoin isn't considered as a game we can just bet. Betting is like more on luck but investing is not. I'm betting we tend to think of a short term strategy while in investing we need long term planning.
February 26, 2020, 03:33:36 AM
Investment and gambling is both different thing unless you are investing blindly,
If you invest because of the hype or the huge speculation then it is just the same as betting,
You are only risking your funds without a proper knowledge on what would happen next,
No other plans and just put it up and wait for the price to go up.
If you invest because of the hype or the huge speculation then it is just the same as betting,
You are only risking your funds without a proper knowledge on what would happen next,
No other plans and just put it up and wait for the price to go up.
February 26, 2020, 02:49:25 AM
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Yes, it can fall to zero , Yes it is Gambling,
Really? 
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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,
You will lose half the value of $ investment if you sell at 10k.Now it is less than 10K for years, you lost over half your investment and years later still not recovered,
When you buy BTC, your assets are no longer $, but BTC. Your BTC remains intact, you don't lose anything.
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There are no guarantees, yes bitcoin can drop to zero any investment can, not realizing this can do you serious financial harm.
http://theconversation.com/five-reasons-bitcoin-could-enter-a-more-extreme-death-spiral-108766
http://theconversation.com/five-reasons-bitcoin-could-enter-a-more-extreme-death-spiral-108766
*You forgot to include other possibilities, let me
Or bitcoin is recovering and surviving like now even going above its highest price in 2017
February 26, 2020, 02:35:39 AM
Quote
Yes, it can fall to zero , Yes it is Gambling,
or
let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment and years later still not recovered,
There are no guarantees, yes bitcoin can drop to zero any investment can, not realizing this can do you serious financial harm.
http://theconversation.com/five-reasons-bitcoin-could-enter-a-more-extreme-death-spiral-108766
Lol. Maybe you don't get what I'm saying. Let me try to be more elaborate.
Like you said;
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let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment
Now it is less than 10K for years, you lost over half your investment
You lost over half.... Right? Cool.
Now here's the question; Do you lose over half or all when you're betting? You obviously lose all.
You said bitcoin can fall to zero? Well, you should understand that it can never happen within seconds, hours, day, weeks, or even months. Bitcoin would take a long time if it's price is going down. It cannot be sudden.
And once you see those red warnings, you could simply sell off and lose a little. Unlike betting in which you can lose even 10,000$ in a few minutes.
February 26, 2020, 02:17:24 AM
Of course it's really not 100% the same thing. Some people just compare bitcoin to betting simply because like you said, investing is bitcoin is risky compared to other investment vehicles available. Why? Well, you could say that when you're "investing" or speculating in bitcoin, you're betting that the price will go up in a certain time span. It's pretty much just a small overlap.
February 26, 2020, 02:05:14 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).
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).
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