Topic: Why is Gamble gaining more fans than Bitcoin? - page 12. (Read 1404 times)

Gambling is not something that come today of in this century, but it has been existing before since the creation of the world. Bitcoin is just a decade invention, so you can't compare bitcoin with gambling, and also since gambling has been on existence before bitcoin people have known gambling more than bitcoin so you don't expect all those who involved in gambling to involve in bitcoin. It is even through this forum that people are involving themselves to play gamble with bitcoin.

Bitcoin which is a decade invention has taken half of the world population to itself (speculation). And I don't think gambling population is increasing everyday like bitcoin again. Bitcoin population is increasing everyday more than the people that joining gambling now. And when bitcoin will spend one century in the space, the population will be very high.

Op I will also advise you to move this thread to gambling board because the thread is gambling related concept.

You can't really blame others, as they want gambling because they are more attracted to winning huge amounts, like if they bet on the lottery, they are hoping to win thousands of dollars or even millions, which is more appealing to them, and at the same time they are having fun with it. Unlike investing in Bitcoin, gambling is not the same as investing in Bitcoin, as you need to learn about it and the risk that involves it is huge, like losing your money. The only thing they want in gambling is that it is easy to do, and if you get lucky, you'll win big.

Gambling and Bitcoin cannot be compared because they are both different activities. Gambling involves placing bet while bitcoin is a digital asset that can be sold and bought by the investors and keep it for a long term to accumulate profit. The risks involve in bitcoin could be higher that would depends on how big would be your investment, but with the proper timing in investing in bitcoin there is a big possibility that your investment will earn a bigger profit. While gambling could be a one time big time losses and you cannot hold it once your bet is loss, unlike bitcoin you can keep it and wait till the price recovers or even it gets higher.

The thing is gambling has been around for much longer than bitcoin so it should be a given that there are far more people who are more familiar with it, gaining it more fans as people are well aware of the general idea and process of gambling compared to Bitcoin. Moreover, it is also the assumed or set belief that gambling is more profitable and is an easier process to deal with as, once again, it's been around for way longer.

Ease of winning money this is what reach everyone's mind when they hear the term gambling. The reality will be understood only when they start exploring as well as experimenting. Few get lucky, but the majority end up losing huge funds. Even the person who have the mentality to hold and experience good profit in the long term prefer gambling to increase the holding. This initially works and when greed accompanies it ends there with nothing left to hold for the bullish market.

I don't think you could compare Bitcoin and Gambling, both are two different things that are not directly comparable, Bitcoin is a form of payment, and Gamble is a hobby/activity. It will be like comparing sports and gold, people love both, you can gamble while buying bitcoin, so this comparison wasn't really necessary.

We do always stick on something easy on which same as you said that all of us would really be preferring on easy money or on how fast it would be able to happen and we arent that dumb not to make out comparison in between gambling and BItcoin investment but come to think in differentiating the two, then we could really definitely tell that we would be able to tell on which one is risky
and which one is less risky. To the fact that Bitcoin investment is something less riskier than on gambling which is for entertainment but having that huge risks despite of the instant results but the odds
on making wins is really that lesser and also house do always win in the end. We can really differentiate on what is investment and what is leisure time which are totally different things if we do
tend to explain. There really just those people who are really that bad when it comes on balancing on things.

Buddy, You and me even all the members on the forum, and even in the whole world people like easy and huge amounts of money. Bitcoin is consistent but still slower than gambling, gambling is an easy and more money-attractive game where people try to win some kind of luck or jackpot and they lose most of the time. Greed is an emotion only a person with strong beliefs and strong living principles can overcome it. The rest of the people who are lazy in their routines and principles can't manage to overcome this is the major reason Gambling has a lot of fans and Bitcoin has loyal but fewer.

Because gambling existed way before crypto. Simple as that. In the first place, it's wrong to assume that gamblers understand or acknowledge the risk in gambling, it's a damn game, it's for enjoyment. And even if they actually do, it'd be rare to see them compare it to trading or analytics, that's just dumb stuff right there. It's like thinking how the red stones in Minecraft can be used to make that 16? or was it 32-bit computer in Minecraft. It's doable, but your average gamer would definitely not do it, let alone think about it.

And that kind of mindset is wrong in the first place anyway, since you're acknowledging that Gambling is similar (if not the same) to investing. While they both have risks, the fundamental things you need to know differ from both of them, and if we were considering risks, I'd say there's a LOT of things that would be similar to them at the same time then.

Sorry to say, but I believe this is a pointless comparison. Gambling and bitcoin are distinct in their own right. By comparing gambling to bitcoin, you are attempting to taint the world's perception of bitcoin. We are all aware of what gambling entails, as well as the level of danger involved. While some consider gambling as a chance to earn quick money, bitcoin should be viewed as a reliable currency that may be used as an alternative to fiat currency.

Both have challenges, and the risk associated may be the reason you are comparing them. Gambling has been around since long before bitcoin. It was evident that the game was only for the lucky, and no extensive understanding was required to become a master gambler. Understanding bitcoin necessitates extensive research, with privacy and security as major priorities, as gambling does not have these attributes.

Gambling and bitcoin are two complete different things to me, while everyone can access Bitcoin and use it while staying anonymous and confidential gambling in the other hand requires your identity and funds source. You can gamble with bitcoin and make deposits with it if you find a good crypto casino, while you can’t get bitcoin from a casino and gamble without funds.
I don’t know if you get my idea but all I’m saying is that bitcoin is not just a way of investment only, the use of bitcoin is to transactions and payments. It’s an evolution that’s been created last decade only.
Gambling is a very old practice with thousands of years ago that’s why it has more fans and also can be addictive while bitcoin is a safe and noneadictive system.

Gambling will lead and I'm not astonished to see Gambling leading because currently I believe that gambling have more population than any other things because I believe that with gambling people do think that they have arrived, and secondly many adults who is unemployed uses gambling as means of hope in life and this scenario is what makes gambling to take a higher traffic than other things because many young youths are very curious to get rich within the space of two weeks, so I believe that gambling of different varieties want to dominate every thing

Everyone wants to experience a big break in their finances but not not everyone is patient and is willing to wait for long term profits. That’s why instead of waiting for a breakthrough, people chose to gamble instead and expect some quick returns that will make them instantly rich. That is how their mindset works which I think will only ruin their finances in the long run if they keep on gambling and expect a living. Bitcoin is profitable yet it’s a long term investment, while gambling is an easy and faster way to make profits but it can also leave you homeless if you become uncontrollable in gambling.

When it comes to statistics then there's no solid numbers that could make out that kind of comparison in between to those people who are involved on Bitcoin and to those who are gamblers but come to mind that gambling
had been long time already existed before Bitcoin being created out on which this do pertains into those fiat casinos whether it would be offline or online which it had been existed. Speaking about risks then we do know on how risky it would be on dealing with gambling and also Bitcoin is a digital currency which it is really just that something that you could really make use on being a payment.It did really just turn out that Bitcoin does have
other means when it comes to benefits on which it could be possibly be able to make it as an investment considering that it does have that kind of potential on making profits in long term on which it would really be just
that normal that there's a certain risks if you do tend to accumulate it. In general then Bitcoin = Investment/Payment option/Currency ///// Gambling= entertainment/past time/leisure/ Non investment type.
If you could really be having the common sense and actual awareness on what are the things that you are really that involving with then you wouldn't really be able to mold up these kind of questions. 

although it is not accurate to be sure, yes, I agree it is more to the level of risk, many people still view bitcoin trading as having a greater risk of loss than just gambling, so people prefer gambling rather than investing or trading in bitcoin for now (in fact the risk of losing in gambling is higher than investing or trading bitcoin), but with the emergence of gambling sites that accept deposits or withdrawals with bitcoin I think it's great to increase the potential for bitcoin adoption in society. I still believe that the above data may change in the future, the trend will change and more and more people love bitcoin.

I pretty sure there is a big chunk of people who are buying BTC and crypto in general because of gambling addiction or at least similar feeling they want to get. That's the reason why all coins are so fluctuated.

Well, I think that's how it should be, because gambling is something that has been around for a very long time before we thought of Bitcoin, so there's the possibility that it would have more users/fans than we have in the Bitcoin community. But that doesn't mean the crypto community is small, there are so many people in the crypto community around the world, and more keeps joining every day.

Bitcoin is a pretty young digital currency, while gambling is an activity that already exists in human society since its beginning. We can't compare both, because they don't have any similarities. What we could do is to speculate the impact of gambling inside Bitcoin adoption. That is, people who adopt Bitcoin for the main purpose of gambling online, and not exactly because they want to be Bitcoin investors and enjoy all the advantages it proportionate to them, as currency.

As we know, Bitcoin gambling is highly popular, because it allows gamblers to play nearly anonymously from the comfort of their houses. So Bitcoin is indeed a great tool for those gamblers who were forbidden to play previously at fiat casinos, due to local regulations from their native countries.

From my personal understanding the risks of gambling and those involved in Bitcoin are very different and will never be the same. Because the risk of gambling is only about winning and losing, while the risk of owning Bitcoin does not include winning and losing if it is brought into investment or trading.

So it is clear that the level of risk is still much higher for a gamble than a crypto asset like Bitcoin and if what I said doesn't give you a more complete understanding, now I will give another example of something that you find very often in life. That thing is money, will your risk in holding money be the same as your risk when playing gambling? Hopefully you can distinguish this because not all risks are the same or higher than gambling.

Actually everyone knows about gambling but some are not aware of bitcoin therefore gamblers are more than bitcoin investor. Other thing is that lots of people cannot wait more and don't have patience therefore they are involved in gambling to become rich more quickly as a result of which either they loss all money or make their money double.

Gamblers will once earn profit but the future of gamblers will not be good as gambling is addiction which can make a person looser. Bitcoin is one of the best opportunity to earn passive income and enhance the worth of your money but for those who are interested in it as well as have a command to Control feelings and manage risk.