Why is Gamble gaining more fans than Bitcoin? - page 4.

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Quote from: Synchronice on July 31, 2023, 04:00:22 AM

Quote from: rachael9385 on July 18, 2023, 07:57:29 AM

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or is the risk involved in Bitcoin higher than gambling risk?
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Why is gambling getting more popular than Bitcoin? Why are drugs getting more popular than Chemistry as a science to study? The answer is simple, people are addicted to what helps them to release so feel-happy chemicals, this is what makes them excited.
So, while Bitcoin really is a good investment option and definitely superior compared to gambling, people still prefer Gambling over it because bitcoin is volatile while people are panicky and impatient, can't wait days and weeks and months and years to see the profit of their investment, instead, they gamble because one can double or triple or enormously increase their capital in just a second via gambling. While it's true that it doesn't happen, you know, hope dies last and somehow everyone thinks that luck will shine for them and so on.
So, yeah, don't expect wise decisions from people.

I believe that gambling's appeal is frequently its quick gains and thrill. However, claiming this is the primary reason for its appeal over Bitcoin may be a stretch. Consider familiarity and comprehension. Gambling is more tangible than bitcoin, an abstract digital asset. It's about understanding a new and evolving field, not just waiting for riches. The social norms and meanings of both activities also matter. Despite its drawbacks, gambling is popular in pop culture, but Bitcoin, associated with tech-savvy people, may seem specialized or exclusive. Thus, perceptions and societal effects are more important than "unwise" decisions

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Quote from: Josefjix on July 29, 2023, 06:43:44 AM

Quote from: molsewid on July 28, 2023, 01:22:32 PM

I agree, take for an example people in my area stop doing crypto after a p2e goes down but they still keep on gamble but they did not pursue or take any initiatives to learn bitcoin and other ways to earn in crypto. Most of the adults play gamble when they are resting, understanding bitcoin is too complex for them , they can be so easily to get tired if they will try to understand these things.

Crypto not popular like the usual gambling. Bitcoin and gambling are not the same thing. Bitcoin is outlawed in most countries because the government perceives it as a project that would substitute the country's fiat currencies; as a result, they evaluate threading and impose a restriction on them regardless consideration for the effect it has on others. Most of our youngsters today specialize in gambling, which is simple to comprehend if one is familiar with sports. They consider gambling as the sole way to meet their basic needs and desires with minimal effort.

Yes, it requires a lot of knowledge and skills to learn about bitcoins gambling is generally adept at all classes of people. It has been around for ages it does not require much skill therefore, gambling is preferred over bitcoins. Gambling can never fulfill one's basic needs rather it leads the young society to further harm. Currently gambling through casinos is in vogue, but in the era of smartphone availability, mobile gambling has become popular among the youth. When a young person becomes addicted to gambling, he loses his rationality. After they get involved in all kinds of criminal activities it creates more bad effects.

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Quote from: rachael9385 on July 18, 2023, 07:57:29 AM

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or is the risk involved in Bitcoin higher than gambling risk?
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Just to clear your thread, you are asking which is risker- either investing in BTC or gambling?

To answer your question, gambling is the riskiest venture that a person can enter into. No matter how experienced you may be, you are against the odds which cannot be controlled. Sure, there may be techniques and tips in order to lessen the risk but the odds are still the odds.

Some may argue that investing is gambling in itself due to the unpredictability of the result. Though this is true, it only applies to a certain extent since there are methods and factors that can somehow give you an accurate forecast on the price of BTC on the market.

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Quote from: Mr. Magkaisa on July 31, 2023, 03:01:48 AM

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

Investment and instant multiplier effect is one difference that you have pointed out here. Yes on a longtime, bitcoin is regarded as investment but at no time will gambling be regarded as an investment but rather it could be regarded as profit multiplier system that is, the aim of gambling is for quick and fast money generation but whether this manifest or not depends on the winning and losing rate of the gambler. People also known gambling because it is as old as humanity. In fact every older youth must have known what gambling is but has a choice to follow up with it or not but same will not be said about bitcoin because it is still relatively new and many countries have not legalized it which causes its popularity not to grow on a fast pace.

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Quote from: Mr. Magkaisa on July 31, 2023, 03:01:48 AM

- In general, it cannot be denied that gambling came first. Before bitcoin appearance. And it is also obvious that there are many people all over the world who are obsessed with playing gambling, especially in the modern era that we have today where even if you are at home you can gamble at an online casino without any hassle.

Gambling may appear first to begin place but in the theories of life, overtaking is allowed, it's very possible for you to see many gamblers that make use of bitcoin for their gambling while it may be rare to see many bitcoin investors into gambling because they are there to make money through bitcoin while gambling will only take more money away from them which would have been used for an investment.

Quote from: Mr. Magkaisa on July 31, 2023, 03:01:48 AM

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

When it comes to statistics on their differences, bitcoin has gone far ahead to be more acceptable than the rejection some give to gambling due to religious and other ethical believes traditionally.

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Quote from: Mr. Magkaisa on July 31, 2023, 03:01:48 AM

- In general, it cannot be denied that gambling came first. Before bitcoin appearance. And it is also obvious that there are many people all over the world who are obsessed with playing gambling, especially in the modern era that we have today where even if you are at home you can gamble at an online casino without any hassle.

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

Exactly. There is a big distinction separating Gambling and Bitcoin, both serve their purpose and should not be compared.

In my opinion, when you do gambling, you consider chances, your luck, and your intuition within that day. While buying Bitcoin or trading crypto in general, you consider different factors through fundamental analysis and technical analysis. It is a learning process, and there should really be a strategy because, with cryptocurrency's volatility, there is a higher chance of losing your money when you risk it without proper positioning.

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the answer to this question is very simple, the reason is because gambling has been around since ancient times and it has become a part of society. not only that, gambling is also becoming easier for people to access both offline and online, you could even say that with just a few dollars you can gamble from your cellphone.

while bitcoin has only become popular in the last few years, so its adoption is not as massive as gambling. moreover, the government also tends to be more willing to legalize gambling compared to bitcoin, because gambling can provide them with taxes directly and there are also quite a lot of fans, so the government is more pro towards gambling.

however comparing the two is actually not equivalent, because gambling and bitcoin are two different things. no matter how many gambling fans it doesn't affect bitcoin, and vice versa.

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Quote from: Mr. Magkaisa on July 31, 2023, 03:01:48 AM

- In general, it cannot be denied that gambling came first. Before bitcoin appearance. And it is also obvious that there are many people all over the world who are obsessed with playing gambling, especially in the modern era that we have today where even if you are at home you can gamble at an online casino without any hassle.

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

So people have been gambling for a long time before bitcoin appeared. And when a crypto casino exists, people start to know crypto casinos and gamble using bitcoins or altcoins. It was from there that crypto became widely known and apart from being used for trading, people used crypto for gambling.

So now it seems that crypto and crypto casinos are getting more and more popular among people. They use crypto to gamble and trade and to invest. And it is true that we cannot compare bitcoin and gambling because each has its own path.

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Gambling has been in existence since the beginning of human civilization, but Bitcoin on the other hand is just a decade plus so comparing gambling vs Bitcoin in terms of popularity won't make much sense because both don't have the same starting point.

Bitcoin has always sought out ways to provide alternative services in financial transaction and that is why most casinos adopted Bitcoin and other cryptocurrencies into their payment system.

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Quote from: Mr. Magkaisa on July 31, 2023, 03:01:48 AM

- In general, it cannot be denied that gambling came first. Before bitcoin appearance. And it is also obvious that there are many people all over the world who are obsessed with playing gambling, especially in the modern era that we have today where even if you are at home you can gamble at an online casino without any hassle.

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

You are right that at that time gambling was everywhere, it's just that I never used it because at that time it could only make deposits via a bank account or other online payments, whereas at that time I expected bitcoin to be used as a means of payment to play in casinos and finally after a few years bitcoin is famous and finally used by many online casinos for their gambling.

From the beginning I played gambling using bitcoin but after I thought that bitcoin is not a means of payment to have fun at gambling because it will have high value including future investment assets, so I use a stable currency to play gambling at online casinos from now on and make bitcoin as an investment, even though both of them need each other so you can't compare which one has a lot of fans, still online gambling has a lot of fans but not as many crypto users including bitcoin at this time.

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Quote from: Mr. Magkaisa on July 31, 2023, 03:01:48 AM

- In general, it cannot be denied that gambling came first. Before bitcoin appearance. And it is also obvious that there are many people all over the world who are obsessed with playing gambling, especially in the modern era that we have today where even if you are at home you can gamble at an online casino without any hassle.

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

Well, the truth is that people love to gamble rather than invest. Maybe they'd just know about Bitcoin because it was already been an option now in gambling sites but thinking this would give them interest, I don't think so. Because as long as fiat still exists, we can't assure that gamblers will choose Bitcoin, with the high fees and transaction delay - that was a big deal for them.

Yes, we can't compare Bitcoin to gambling in any aspect and much more about popularity because whether we like it or not, Gambling has been known for many years and people are happy despite suffering losses.

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Quote from: rachael9385 on July 18, 2023, 07:57:29 AM

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source

Why is gambling getting more popular than Bitcoin? Why are drugs getting more popular than Chemistry as a science to study? The answer is simple, people are addicted to what helps them to release so feel-happy chemicals, this is what makes them excited.
So, while Bitcoin really is a good investment option and definitely superior compared to gambling, people still prefer Gambling over it because bitcoin is volatile while people are panicky and impatient, can't wait days and weeks and months and years to see the profit of their investment, instead, they gamble because one can double or triple or enormously increase their capital in just a second via gambling. While it's true that it doesn't happen, you know, hope dies last and somehow everyone thinks that luck will shine for them and so on.
So, yeah, don't expect wise decisions from people.

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Most people here on the forum agree that gambling is a form of entertainment that had been around for hundreds of years. Even ancient cultures already engaged in basic form of gambling to make their life more interesting. My grand father loved to gamble and never learned about crypto currencies in his life. I would expect that there are many elderly people like him that enjoy gambling regularly, but have no interest in crypto. It's hard to compare the two because crypto currencies are used for investing and compete against fiat currencies, not gambling. What surprises me the most that I would expect people to gamble less during times of crisis. The war in Ukraine is still happening, inflation is still high and people are struggling to pay the rising living expenses. During such difficult times I would expect people try to find new ways to save money and start invest in bitcoin and other cryptos to protect their savings from inflation. Using more money for gambling seems like the exact opposite of what people should do with their savings. The last big boom of online gambling happened with the boom in crypto prices and right now we are in a different situation.

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- In general, it cannot be denied that gambling came first. Before bitcoin appearance. And it is also obvious that there are many people all over the world who are obsessed with playing gambling, especially in the modern era that we have today where even if you are at home you can gamble at an online casino without any hassle.

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

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Quote from: len01 on July 31, 2023, 02:15:59 AM

In simple terms, we can conclude that gambling is a place of entertainment that has existed for a long time and Bitcoin is a new type of crypto currency or investment that is not yet fully known by people in various countries. well, with this we can see the difference between the two very different options and its hard to compare because they do not have the same function.
I mean we have known for a long time that gambling is a place of entertainment or a place to multiply money with luck and more to lose but we can have fun and for bitcoin investment we are looking for investment opportunities in the long term with small amounts of money or large amounts of money to get profits in long term or short term is the same as investing in gold.
and I think you have to correct a little if gambling only requires small money and actually investing do not have to require big money because with $5 you can buy bitcoin.

You can buy with $5, but you understand that for a good result, investments must be much larger and sometimes it takes several years to wait for the result. And with gambling, everything happens much faster, you can also bet a few dollars, but you will already know the result on the same day. And yet, most of them play for fun, adrenaline, emotions, you can watch the match on which you made a bet, this is also a show. But when you buy bitcoin and wait - for thrill-seekers it's boring...

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Quote from: Y3shot on July 31, 2023, 12:30:22 AM

Gambling have been in existence for a longtime that is why it is gain more fan than bitcoin and you just need small amount of money to start gambling. Bitcoin coin is a modern innovation that people are still getting more awareness. Gambling is the easiest way to gain money by luck that is why it has more fans.

In simple terms, we can conclude that gambling is a place of entertainment that has existed for a long time and Bitcoin is a new type of crypto currency or investment that is not yet fully known by people in various countries. well, with this we can see the difference between the two very different options and its hard to compare because they do not have the same function.
I mean we have known for a long time that gambling is a place of entertainment or a place to multiply money with luck and more to lose but we can have fun and for bitcoin investment we are looking for investment opportunities in the long term with small amounts of money or large amounts of money to get profits in long term or short term is the same as investing in gold.
and I think you have to correct a little if gambling only requires small money and actually investing do not have to require big money because with $5 you can buy bitcoin.

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Quote from: Y3shot on July 31, 2023, 12:30:22 AM

Gambling have been in existence for a longtime that is why it is gain more fan than bitcoin and you just need small amount of money to start gambling. Bitcoin coin is a modern innovation that people are still getting more awareness. Gambling is the easiest way to gain money by luck that is why it has more fans.

Haha
Sorry to disagree with you mate, if gambling was the easiest way to gain money, people like myself and i believe a lot of other gamblers on this forum would have become millionaires by now, most especially those who gamble every day, and gambling casinos will be going bankrupt too instead of making millions of dollars in profit every single day, so get your facts right bud.

Gambling sure do not require much amount of money to start, i mean with literally $0.04, you can place a bet of even play some slot games, but then, making any profit out of this is entirely another thing altogether,
And yeah, i agree , like ive said, with $0.04 , which is the minimum bet amount for some casinos, anybody can place a bet, but can any body invest such amount on bitcoin, never never possible, so maybe this is one of the reasons why it seems that many are sure trying out their luck on gambling rather than invest in bitcoin, but one thing we should also note is that, when this gamblers win big money, they can also invest some of those money in bitcoin.

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Quote from: rachael9385 on July 18, 2023, 07:57:29 AM

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or is the risk involved in Bitcoin higher than gambling risk?
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You are comparing apples with bananas here. Gambling existed decades before Bitcoin and Bitcoin in itself has nothing to do with gambling(other than being used in crypto casinos). Bitcoin wasn't created by Satoshi Nakamoto with the whole purpose of being a "casino currency". Cryptocurrency trading/investing might have some similarities with gambling, but I would never compare it to gambling.
The combined gambling industry (by combined I mean crypto+fiat) is always going to be bigger than the cryptocurrency trading industry.
I don't know why do you have to compare those two. Such comparison doesn't mean anything.

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Gambling have been in existence for a longtime that is why it is gain more fan than bitcoin and you just need small amount of money to start gambling. Bitcoin coin is a modern innovation that people are still getting more awareness. Gambling is the easiest way to gain money by luck that is why it has more fans.

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Quote from: Westinhome on July 28, 2023, 02:12:53 PM

Quote from: rachael9385 on July 18, 2023, 07:57:29 AM

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or is the risk involved in Bitcoin higher than gambling risk?
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Gambling is the game and bitcoin is the investment.So both is different one,how you compare this two.Bitcoin had huge amount of investors in the crypto trading and it was ruling the crypto market over a decade.Trader in cryptocurrency will know about the bitcoin for the first time.Then only he find other coin to make their investment.Gambling is the game which involve with the money involvement.So it's unique among the other game,it was played by the people who like betting.Bet is start from the younger age of the gamblers,they start to play gambling offline later move to the online gambling like casino.Casino will give the extreme happiness to the gambler on winning the game.But other game will not give them that much happiness.

Actually, Bitcoin is not an investment but it is a cryptocurrency (a currency) that was created to act as a P2P payment system and a store of value due to its volatility, most people these days are using it as an investment asset. However, what you said is right that there is basically no comparison between gambling and Bitcoin because both are totally different things, one is an action, a hobby, and the other one is a currency that can be used for the first one too.

And, even if gambling has more fans than Bitcoin, it shouldn't be surprising considering gambling has been around for centuries while it has only been a decade and a few years for Bitcoin, but the name that Bitcoin has made for itself is notable in itself, so we should see them as what they are instead of comparing them and their popularity.

Topic: Why is Gamble gaining more fans than Bitcoin? - page 4. (Read 1404 times)