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Topic: Why is Gamble gaining more fans than Bitcoin? - page 6. (Read 1358 times)

sr. member
Activity: 1414
Merit: 361
Next Generation Web3 Casino
Gambling is more fun than bitcoin because bitcoin is just a currency but gambling is a fun place with different types of games and different odds so it is natural that gambling will be more fun than bitcoin. Bitcoin and gambling are not the same thing so it is foolish to compare the two. Gambling is used by many people just for fun but everyone invests in bitcoins or uses bitcoins for profit.  Bitcoin is also fun to use but it is not something that can be compared to gambling
I think there is a lot of difference between bitcoin and gambling. Gambling is considered as a pastime. Trading with bitcoin is considered commercial.  I invest in Bitcoin for profit but I choose to gamble for entertainment.  I think there is a lot of difference between the two. Gambling is basically an addiction but I can't say how much addiction is trading in Bitcoin.  Gambling is more fun for me I mostly like to gamble in free time so I will always choose gambling.
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Really? No, mate. Gambling carries a higher risk than investing in bitcoin because the possibility of losing money is much higher than the possibility of getting money back, and again, if you lose, nothing will come back, whereas in bitcoin, even if you lose, you may lose a little from your investment and get some back, but in gambling, nothing will come back, so you can see that something that what you will lose may be small and you will get the rest back, and what you will lose all what you have been invested which one has higher risk.
Both are equally at risk if we cannot control ourselves. But gambling might be riskier because it can make us even more tempted to continue even though we have gambled enough. And the longer we gamble, we can lose more than before. But if you invest mainly in bitcoins, even if you are currently losing, you can still profit if you hold on to your bitcoins until the price increases again. So it is better to invest in bitcoin than gambling and only use it for entertainment and not profit.

The advantage of bitcoin is even if the market collapsed still we cannot be consider at loss since as you said people can do something like just hold their bitcoins and wait for perfect time for market to recover. Unlike on gambling if we lose we can't recover it back unless we continue to bet and will be in more bad shape if we are not lucky then we encounter a losing streak on our bets.

Also for popularity discussion gambling is first known before bitcoin and its just casino owner just adopt the market of crypto and they use this as payment methods for crypto users to play on their platform.
legendary
Activity: 2422
Merit: 1358
Gamblers surely existed for hundreds maybe even thousand years. Joy of playing a game to make money must be as old as humankind. Bitcoin is still baby/adolescent technology. Obviously gambling through crypto quickly became popular because it was whole new way of gambling and mainly it was sort of liberating from boundaries. I think crypto helped gamblers in summary. I don't think they could be comparable. More crypto buyers may result in more crypto gamblers.
hero member
Activity: 2912
Merit: 556
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and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Really? No, mate. Gambling carries a higher risk than investing in bitcoin because the possibility of losing money is much higher than the possibility of getting money back, and again, if you lose, nothing will come back, whereas in bitcoin, even if you lose, you may lose a little from your investment and get some back, but in gambling, nothing will come back, so you can see that something that what you will lose may be small and you will get the rest back, and what you will lose all what you have been invested which one has higher risk.
Both are equally at risk if we cannot control ourselves. But gambling might be riskier because it can make us even more tempted to continue even though we have gambled enough. And the longer we gamble, we can lose more than before. But if you invest mainly in bitcoins, even if you are currently losing, you can still profit if you hold on to your bitcoins until the price increases again. So it is better to invest in bitcoin than gambling and only use it for entertainment and not profit.
hero member
Activity: 2464
Merit: 585
On average, it already supports deposits using crypto currency. It will be easier than using a credit card or paypal. Deposits or withdrawals using crypto are faster and without including any personal documents, unless the casino applies KYC for a certain withdrawal amount. Gambling and Bitcoin are very different indeed, because we are talking about gambling is a betting platform and Bitcoin is a decentralized digital currency. Gambling also supports bitcoin, but Bitcoin does not support gambling. Bitcoin is only a means of being a means of payment and it is the same as fiat currency.
Well, gambling is actually not a betting platform but it is something that is done, platforms are casinos that allow us to do gambling, gambling is the act of putting your money at stake to win something more with it when you lose the bet, you lose the money, and when you win it, you win something along with it based on the odds provided, so I don't really see any reason why people would compare this with gambling which is a totally different thing altogether.

Bitcoin is a cryptocurrency, a digital currency, that is used to store, send and receive money, it can be used for gambling but it cannot be compared to gambling, and I don't understand how it has any connection with Bitcoin if gambling is gaining more fans, and even if that's true, there is nothing wrong in that, gambling has been around for centuries while Bitcoin is not even two decades old yet.
hero member
Activity: 1260
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Leading Crypto Sports Betting & Casino Platform
the question you asked is actually already in the source link, it just takes a little time to understand.

and this is according to my version if both have risks it's just that these risks are different. for gambling the risk of losing all the money faster or at the same time losing at gambling but in crypto investment we don't immediately lose all the value of money, especially in bitcoin assets.
maybe a lot of people think about this problem and think if the two are almost similar but for me it's not. let's take a simple example when we get into gambling with a $10 budget betting on sports or other types of bets. but when the budget is used as an investment it will not disappear all at once because the price of bitcoin does not immediately fall to $10 when the price dump we can still sell it even though we lose $5.

furthermore, we cannot compare the number of population of bitcoin or crypto investors with gamblers around the world because surely the number of gamblers will be higher and will continue to increase after the slot game hype becomes the current trend and gambling has also been around for a long time before crypto was released.
so it's natural that the number of gamblers is greater than investor and not because the investment risk is much higher than gambling but it's just that people critical mind nowadays think about instant results and entertainment from gambling.
Gamblers are definitely a higher number because it has been around for far longer than what people have seen bitcoin for. I mean even back in roman empire there were gambling places, which means that people gambled, that is 2000+ years ago, and of course gambling is more known like that.

This doesn't mean that we are going to always have this, bitcoin may end up passing gambling one day in the future, but that doesn't mean that we are going to end up with a result where it is going to be passing it quickly. So, we need to accept the fact that there are more gamblers right now, and just use that for our advantage making sure that they know gambling with bitcoin is far more easier and get them into the crypto world that way.
Word. I thought about how common gaming used to be. For millennia, it's been a pastime. The roulette wheel still hypnotizes people worldwide. What's crypto? Baby and learning to walk. Change it up? Bitcoin isn't like gaming. Blend them. Making Bitcoin gambling easy could introduce millions to crypto. It's worth investigating. Slow down! Don't overdo it. Crypto is hazardous. We don't want people to lose money on lousy rolls and blame Bitcoin. Let's go slow. Share knowledge and risks.
legendary
Activity: 1946
Merit: 1157
Enterapp Pre-Sale Live
Gambling is more fun than bitcoin because bitcoin is just a currency but gambling is a fun place with different types of games and different odds so it is natural that gambling will be more fun than bitcoin. Bitcoin and gambling are not the same thing so it is foolish to compare the two. Gambling is used by many people just for fun but everyone invests in bitcoins or uses bitcoins for profit.  Bitcoin is also fun to use but it is not something that can be compared to gambling

Gambling and bitcoin are different things entirely, we make personal decision on which to take and how to go about using it for our personal satisfaction, if you're a gambler, the you must have come across many gambling casinos that would require from you to get their terms of service before getting onboard, this will include the crypto they support and many more knowing that most gambling platforms now are online crypto casinos, both gambling and bitcoin can be used profits but one is more safer than the other.

On average, it already supports deposits using crypto currency. It will be easier than using a credit card or paypal. Deposits or withdrawals using crypto are faster and without including any personal documents, unless the casino applies KYC for a certain withdrawal amount. Gambling and Bitcoin are very different indeed, because we are talking about gambling is a betting platform and Bitcoin is a decentralized digital currency. Gambling also supports bitcoin, but Bitcoin does not support gambling. Bitcoin is only a means of being a means of payment and it is the same as fiat currency.
sr. member
Activity: 574
Merit: 340
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

I think you also need to understand bitcoin more than you currently do, because I don't know how you will put it in a way that bitcoin and gambling should be comparable, and based on my opinion, bitcoin and gambling can never be comparable, so now something that is just for you to go and stake whether you lose or win, you won't know, and you also know that a bitcoin investment is an investment that if you are able to hold for a long time, you will gain profit from your investment, so how can we compare gambling and bitcoin investments here?

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and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?

Really? No, mate. Gambling carries a higher risk than investing in bitcoin because the possibility of losing money is much higher than the possibility of getting money back, and again, if you lose, nothing will come back, whereas in bitcoin, even if you lose, you may lose a little from your investment and get some back, but in gambling, nothing will come back, so you can see that something that what you will lose may be small and you will get the rest back, and what you will lose all what you have been invested which one has higher risk.
sr. member
Activity: 532
Merit: 390
Gambling is more fun than bitcoin because bitcoin is just a currency but gambling is a fun place with different types of games and different odds so it is natural that gambling will be more fun than bitcoin. Bitcoin and gambling are not the same thing so it is foolish to compare the two. Gambling is used by many people just for fun but everyone invests in bitcoins or uses bitcoins for profit.  Bitcoin is also fun to use but it is not something that can be compared to gambling

Gambling and bitcoin are different things entirely, we make personal decision on which to take and how to go about using it for our personal satisfaction, if you're a gambler, the you must have come across many gambling casinos that would require from you to get their terms of service before getting onboard, this will include the crypto they support and many more knowing that most gambling platforms now are online crypto casinos, both gambling and bitcoin can be used profits but one is more safer than the other.
hero member
Activity: 1316
Merit: 593
Gambling is more fun than bitcoin because bitcoin is just a currency but gambling is a fun place with different types of games and different odds so it is natural that gambling will be more fun than bitcoin. Bitcoin and gambling are not the same thing so it is foolish to compare the two. Gambling is used by many people just for fun but everyone invests in bitcoins or uses bitcoins for profit.  Bitcoin is also fun to use but it is not something that can be compared to gambling
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
The age limit has no role in this discussion, it is all about human emotions. If people see the opportunity they don't want to feel fear of missing out next opportunity. It is logical they want to gamble to make more Bitcoin with their current crypto portfolio but they have no idea about the odds until they lose all savings back to casino platforms. My answer is human emotions that control society today and people make decisions based on their emotions and goals, that is why there is a big difference, IMO.

Both require risk. Both got money and psychology involve. Both take experience and long hours to fill. There is no big difference other than the knowledge required to succeed. In trading BTC however, you have to learn fundamental or technical analysis. Unlike to gambling or in casinos, you just need pure luck. Just pull the trigger on slot, sports bet on either team, and many more.

Because there are so many thing you will not find in Bitcoin. Entertainment, fun, music, communication with other gambler, adrenaline, enjoying to play game etc it's can be find in gambling. While Bitcoin is just a currency and you're either invest or trade it, nothing more. You can't play with Bitcoin because it's not something that will entertain you.

But the good thing about Bitcoin is, if you're a techy you might be interested to learn the technical stuff which Average Joe not find it as fun.

And it's a personal preference. Both have potential to make a lot of money by just one click.
legendary
Activity: 2884
Merit: 1117
Leading Crypto Sports Betting & Casino Platform
the question you asked is actually already in the source link, it just takes a little time to understand.

and this is according to my version if both have risks it's just that these risks are different. for gambling the risk of losing all the money faster or at the same time losing at gambling but in crypto investment we don't immediately lose all the value of money, especially in bitcoin assets.
maybe a lot of people think about this problem and think if the two are almost similar but for me it's not. let's take a simple example when we get into gambling with a $10 budget betting on sports or other types of bets. but when the budget is used as an investment it will not disappear all at once because the price of bitcoin does not immediately fall to $10 when the price dump we can still sell it even though we lose $5.

furthermore, we cannot compare the number of population of bitcoin or crypto investors with gamblers around the world because surely the number of gamblers will be higher and will continue to increase after the slot game hype becomes the current trend and gambling has also been around for a long time before crypto was released.
so it's natural that the number of gamblers is greater than investor and not because the investment risk is much higher than gambling but it's just that people critical mind nowadays think about instant results and entertainment from gambling.
Gamblers are definitely a higher number because it has been around for far longer than what people have seen bitcoin for. I mean even back in roman empire there were gambling places, which means that people gambled, that is 2000+ years ago, and of course gambling is more known like that.

This doesn't mean that we are going to always have this, bitcoin may end up passing gambling one day in the future, but that doesn't mean that we are going to end up with a result where it is going to be passing it quickly. So, we need to accept the fact that there are more gamblers right now, and just use that for our advantage making sure that they know gambling with bitcoin is far more easier and get them into the crypto world that way.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
The age limit has no role in this discussion, it is all about human emotions. If people see the opportunity they don't want to feel fear of missing out next opportunity. It is logical they want to gamble to make more Bitcoin with their current crypto portfolio but they have no idea about the odds until they lose all savings back to casino platforms. My answer is human emotions that control society today and people make decisions based on their emotions and goals, that is why there is a big difference, IMO.
sr. member
Activity: 882
Merit: 274
I like the fact that growing up, parents warn their children about gambling and even the teachers in school, because whatever made them do that is REAL, you will face instant karma if you ignore the warnings and go gambling thinking they are stupid and you are the wise one, later you will find out that you are the stupid one after all.

Gambling can ruin your life faster than anything else, the difficulty with Bitcoin is the challenge of holding them for long term and the challenge of keeping your private keys safe, but the end is always a happy one with Bitcoin.

It's very clear which one is best to put all your might on, and either stay away from the other or gamble more responsibly.
legendary
Activity: 2898
Merit: 1152
^

Gambling, unlike Bitcoin, has been known for thousands of years. Today it is difficult to find a corner where there is not known at least one gambling game. Bitcoin's white paper was written only 15 years ago, so it should come as no surprise that gambling is more widespread than Bitcoin.

Yea we cannot compare thousand of years of marketing and advertisement to just a more than decade old Bitcoin,  In short gambling had already established its name way long before Bitcoin is introduced so we don't have to be surprised if gambling is getting more attention than Bitcoin.  Besides gambling can be used as an entertainment while Bitcoin when used as that always needs to be integrated in gambling platform.

Bitcoin only has to travel this long and thorny road to fame. And I am sure that someday every earthling will have their own personal bitcoin wallet.

Though I hope for that to happen but I doubt that.  Bitcoin can be popular but I do not think that every person in the world will oblige themselves to have a Bitcoin wallet since world still goes on with or without getting involved in Bitcoin economics.
legendary
Activity: 2282
Merit: 2056
^

Gambling, unlike Bitcoin, has been known for thousands of years. Today it is difficult to find a corner where there is not known at least one gambling game. Bitcoin's white paper was written only 15 years ago, so it should come as no surprise that gambling is more widespread than Bitcoin.

Bitcoin only has to travel this long and thorny road to fame. And I am sure that someday every earthling will have their own personal bitcoin wallet.
legendary
Activity: 2296
Merit: 1038
Leading Crypto Sports Betting & Casino Platform
Because there are so many thing you will not find in Bitcoin. Entertainment, fun, music, communication with other gambler, adrenaline, enjoying to play game etc it's can be find in gambling. While Bitcoin is just a currency and you're either invest or trade it, nothing more. You can't play with Bitcoin because it's not something that will entertain you.

But the good thing about Bitcoin is, if you're a techy you might be interested to learn the technical stuff which Average Joe not find it as fun.
But some people still gamble using bitcoin, so both are tied together, bitcoin is a tool while gambling is a place to play so playing games can use bitcoin, there are no statistics that gamblers are more fans than bitcoin, if you look at it from your own point of view it may be true that there are so many gambling fans but apart from that there are also more bitcoin and crypto fans around the world.

There are no statistics that show why gambling is much more popular than bitcoin, even though the two are different I think both of them need each other because gambling requires money on the internet to be used like bitcoin as well as bitcoin can be used in gambling machines, so both of them need each other
hero member
Activity: 602
Merit: 595
Because there are so many thing you will not find in Bitcoin. Entertainment, fun, music, communication with other gambler, adrenaline, enjoying to play game etc it's can be find in gambling. While Bitcoin is just a currency and you're either invest or trade it, nothing more. You can't play with Bitcoin because it's not something that will entertain you.

But the good thing about Bitcoin is, if you're a techy you might be interested to learn the technical stuff which Average Joe not find it as fun.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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?
Gambling is already existing for a very long years and it's popular to many people (either online or offline) hence it's not surprising if the number of gamblers are way higher than those investing in Bitcoin. Moreover, why compare Bitcoin into it? Their difference is already explained in your source so if you'll take time to read then you'll understand why.

In addition, many people gamble because of the quick profit and don't want to spend their money on investment since it can take time before they can see the result.
People were already familiar with gambling before they learned bitcoin, so those who later became acquainted with crypto gambling would still gamble but use crypto. And even so, some gamblers eventually also know about investing in bitcoin, so they don't only gamble using bitcoin but also invest in it.

Maybe they are comparing bitcoin to see how far people who gamble go crypto with fiat. Gambling has always been gambling, but what is different is the tool for gambling. Previously, people only knew fiat, but now they are familiar with crypto so that they can gamble. And people gamble because they want a quick profit, but the reality is not like that.
hero member
Activity: 2912
Merit: 629
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
Gambling is already existing for a very long years and it's popular to many people (either online or offline) hence it's not surprising if the number of gamblers are way higher than those investing in Bitcoin. Moreover, why compare Bitcoin into it? Their difference is already explained in your source so if you'll take time to read then you'll understand why.

In addition, many people gamble because of the quick profit and don't want to spend their money on investment since it can take time before they can see the result.
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