Topic: Why is Gamble gaining more fans than Bitcoin? - page 7. (Read 1421 times)

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.

I agree with what you say.
There are indeed a lot of people out there who lack knowledge and insight who consider gamblers, investors and traders to be gambling activities but they don't know the meaning of each of these activities.
Sometimes want to give an explanation but in the end they still don't want to accept the opinion we convey and continue to argue without any basis of knowledge.

Regarding the benefits and risks, it all depends on the point of view of each person who carries out all these activities.
So you can't just fixate on one goal.

Gambling has been around even before BTC. We were already betting fiat long before BTC which would seem normal if there are more people into gambling.

BTC investors may fall into gambling which I guess they discover BTC can be used to bet in the crypto casinos. But most of them discover BTC as an investment asset so if they started gambling only after investing BTC, they are not likely going to end up becoming an addict.

Although there are many differences between an investor and a gambler, many still consider it gambling. But it is a business of chance in this business we can only speculate nothing can be done more than that. And you can never beat the market. There are some new traders who consider it a gamble and lose bitcoin investment is good risk less than gambling and holding investment gives good profit. Gambling has nothing like that but losses are high. From Gambling to bitcoin investments there are currently many ways to make money directly using the internet.

I think you created a topic without even doing research on it, and on that site that you posted the link does not say anything about what is in the topic of the thread, at least nothing concrete and with data, you are even forgetting that all casinos that accept cryptocurrencies then accept bitcoin, so people use bitcoin and then the casino, so it is safe to say that the number of people who use bitcoin is much higher than the number of people who use crypto casinos, and using the information that you can have deque It is much more difficult for people to use fiat online casinos, so we can say again that bitcoin has more users

if you had done research and shown data then you would have as evidence what you wrote in this thread, anyway I already gave you the answer, I did not do any research to reach that conclusion, because it is a very obvious thing, you just have to see that if you want to play in a crypto casino you will eventually have to have bitcoin to play and that is why crypto casinos come to place their advertisement in this forum because here and where there are people with cryptocurrencies, I hope that you enrich your article with more concrete data about this theme

There is a common thought among the people, gambling can bring big money whereas the reality is completely different. If the person who had spend $1000 few years back have invested into bitcoin, now it could've brought him good return. Very few look with a futuristic approach whereas the majority wants instant multiplication. This is possible with gambling and the risk will be high. Why many are into gambling than bitcoin, it is the place where bitcoin can be spent limitless

Wrong to compare both since gambling is activity, while bitcoin is a currency.

And besides people is more attracted on where they can have fun or think they can easily earn money than thinking other thinking more technical matter that hard for them to understand.  But don't get stress about it since there's good to compare this since as long as bitcoin can be used on that platforms then we are still fine. Also for sure in future all will come together and bitcoin will also gain more bigger fame and spread each reach once global adoption is fully set.

once a person get acquainted in trading, he won't compare this anymore with gambling. some are still comparing it with gambling because they thought luck is the only factor in gaining profits from trading. but once you get to know more about the trading and the coins you are dealing with, the luck plays a minor role in your trading.
gambling will always be popular to people as you only need common sense to play with most of the gambling games. however, when you go to trading, you need to know the project that you want to trade with so you won't go home broke because you trade blindly.

Everybody sees rules, but only some people read the rules they have seen; others read, but they ignore what they have read. So, there's no way everyone will do what you have explained. Perhaps the way you picture trading, it's not really what it is because I know that there are still some Bitcoin traders who are making profit from their trades out there, although they still encounter losses sometimes, but after some time, they can still cover their losses. The truth is that the market is not always stable. Any trader who sees trading as gambling will definitely lose, just like they would in gambling. If they wish to gamble, then they can register at any casino

Unfortunately that is growing a lot these days. There are actual people who think that betting and trading are similar and start trading that way. Like seen people who do x10 leverage trades and they think that they may end up losing but just like gambling losing is one part of it. They are not really aware that they could make some profit with it and that's a sad deal.

I hope people will soon realize that spending money on trading is not a thing, you invest and if you invest well enough then you are going to do a well good job. Of course it is not going to be an easy task but it can be done at least. I believe that gambling is a null sum game where you are going to end up with a loss, but investing is not like that and people needs to hear that.

I don't know yet if what you stated is a fact, but if it is, I think it's because people long for easy money. Sadly, some see gambling as one way to achieve it. Additionally, gambling has been around for thousands of years, while bitcoin/cryptocurrency only came into our society recently.

Giving the youth the freedom to choose really is the way to go. The more you keep them uninformed into something, the more they go out their own way to seek the answers themselves. Same case with gambling and other activities that ends up being addictive to most people. Let them know what gambling is, how it's bad and how it's good, and they themselves will distance from it or come closer and in time, realize the results of their choice.

If that's your view, I respect it. But, for those who aren't consider gambling as their second job to earn and to not depress their financial life, they may turn to gamble. Preferably those who hold never got the chance to sell it at the top or they just bought when the market becomes bearish. What I'm trying to say is that in my view as not a regular gambler, I find other leisure like gambling or other activities. Of course, you can hold but during this bear market but on my end I was holding more stablecoin and I can gamble it tbh too.

It's a shame that the OP's interpretation went too far in understanding conditions like this, I'm still strong about this, and gambling and bitcoin cannot be placed in the same chair to be compared.

I also agree with what you said that investing in bitcoin with gambling is of course the opposite, even though basically bitcoin can be used as a gambling tool, it is still unethical to measure the popularity and activity of bitcoin fans and gambling fans in this case.

For example, if measured by stocks, or other work activities that have an age that is not much more understandable.

Well, i think i have to disagree with you, we all know how children and teenagers behave, most of the time, its that thing that they are advised against or not to do, that's exactly what they find comfort in doing.

Teaching gambling in schools is the worst thing that can happen to our kids, and it doesn't matter how they are being taught, whether it be advantages and disadvantages of gambling doesn't really matter , there should never be  a time gambling will be taught in schools, by the way, what exactly is special in gambling that it should taught?, our children should grow up and decide for themselves whether to gamble or not while knowing they are fully responsible for whatever be their choice or decision.

Gambling is still taboo for many country, so the school tend to not teach about gambling. Most of the time, they only forbid to not gamble and explain the points why we shouldn't gamble. Although their explanations are correct, but they forget if there young children are full of curiosity. The best way to teach someone is explain the advantage and disadvantage, give them a choice to choose, but don't forget to say about the worst case in gambling.

It's all about being greed on easy-money and nothing else. Most people understand that they won't get rich overnight by investing in Bitcoin and they know that gambling at least has the possibility to do that, though they ignore the fact that people lose more than they win in gambling, they consider gambling because they want a quick way to become rich and have a lot of wealth while Bitcoin is a technology that might have a volatile nature and gained a great value, it still doesn't guarantee any richness, especially in the short run.

So there should basically be no comparison between Bitcoin and gambling, one is an innovation for the world having a technology that has made the world follow it, and the other is simply a game of luck where one will just spend their money to either win something significant or lose whatever they have.

Gambling carries more risks than stocks and gold but many people know gambling better than stocks and gold. In addition, many people have been deceived by stocks and gold, which makes people reluctant to invest in stocks and gold. Meanwhile, they are more familiar with gambling and playing in the casino they want. And even if they lose, it is well received because they lost their money by gambling and not by being cheated.

But if we talk about Bitcoin, nowadays, people know Bitcoin very well and crypto casinos also accept Bitcoin as the main coin to gamble. And the development of crypto casinos that use Bitcoin has also grown rapidly, so I think they both have fans.

If the market is bearish, gamblers will not prefer to hold but to gamble? That is very wrong. Also that means the punters are looking for how to earn from gambling which is one of the thing a gambler should not think for gambling not to depress their financial life. Have you not noticed on this forum that you will see more gambling site signature campaigns during bull market while some later stop campaign or reduce the money thenm  are paying during bear market? That means crypto people even prefer to gamble more during bull run if they earn more profit from their bitcoin and other crypto holding.

When market has no clear direction and experience a bearish turn, it's normal I guess that people would find leisure on gambling but for sure they are likely gambling crypto too. Both for sure are risky but that depends on individual if they are investing their life savings or gamble it as well, that's too huge of a risk. If you're just gambling to pass the time or investing into Bitcoin on what you can afford to lose, then, that's manageable.