Bitcoin Forum

WHY STILL GAMBLE with Cryptocurrency?

Maybe for the fun and thrills?
You got me there: I like (or used) to gamble also and the thrills and the fun of (Bitcoin) gambling is still...unbeaten.

But for any other reason like doubling, trippling...or even 10x winning back your investment/stake...why would you still want to gamble that?
The chances/odds are bigger that you will loose them gambling...while the chances/odds are the same (probably bigger) that you would increase them while investing.

Why not 'bet' on any cryptocurrency of your choice?

• A new promising ICO.
• Or a coin you like.
• Or think is technically good.
• Or is hyped.
• Has a great name/logo/website.

Any reason is valid enough!

The point is:
You are 'guaranteed' to make more coins with investing in a coin...than actually gambling with that same amount.

Just a reminder for those like me, who have bet and lost more than they would have (and still will) if they just invested that same amount!
With crypto's being so volatile...the thrill and fun is still there also...but it is a bit less, yes.

INVESTING IN (ALT)COINS IS THE NEW CRYPTO GAMBLING!

PS: Aslo ignore this if you are a whale and can afford both, anyways  ;D

Gambling is different enjoyment than investing. Becuase not everyone like only one kind of game so each person will choose to play different games to get their enjoyment. So if you want to have that fun then only you should need to go to gambling.

But if you want to earn money then what you said is true. We shouldn't go to gambling to earn money. I also, don't think that those price volatility will give same thrill like gambling games give gamblers.

I go to gambling sometimes to get fun with a small amount and invest money in altcoins and bitcoin to earn profits in the long run.

Trading or investing in a way is a gamble but playing in  casinos gives you a different feeling, it's fun!

 Investing is boring as you will just wait for the prices to go up, i invest because of the passive income, I gamble because it is thrilling and fun.

there are two points here that need to be known
1. they have been so addicted to gambling that they can not let go, or maybe they want to recover their defeat by playing irrationally
2 only certain people who have the ability and experience are still gambling because only the gambling that gives them a big income

Your point here is well explained and I get what you're trying to say here. Veteran traders will always say that investing is somehow a more educational type of gambling but is still within the realm of it. The risk is still high but not as high as gambling all your money with win or lose condition. The problem with gamblers (addicted ones) is that they tend to still choose the normal way of doing it (in casinos, online ones, etc). They want the thrill that is always present and readily felt when gambling in a casino. They seek the thrill and excitement that it brought to them even if they are losing money everytime that they do it.

some people might says investment equal to gamble because percentages to losing your money is pretty high and the profit also deserve such as the risk but gambling is personal and some people don't like to putting their money at investment and more likely to play gambling games and stick to their hobbies without any interest to trying the new things

Well, as i realize about gambling then gambling is good if you think that it is a fun place, but if you think that it is investment then gambling never give you profit. So play gambling only for fun and thrill, then 100% gambling suit you, becasue i play gambling and i only play gambling with bitcoin, i don't like to play gambling with other coins, it give more thrill if you win bet in bitcoin definitely you fun and money will be double, triple and more than it.   

You are not 'guaranteed' anything either way. I would rather bet on something that is fun to watch and would give a profit or a loss in 1-2 hour time than bet on something that would continue for months on end with a dubious outcome. The bubble could pop overnight and you will lose more if not all of your investment. Only play with money you are comfortable losing.

People do gambling not just because they want to have a one time big time prize some are doing it as a sort of stress reliever or to have some thrill and fun which I think they cannot get by investing on an ICO or alt coin then doing nothing other than waiting till the price pump. Gambling can help a person to release any tension he/she has also the chance of becomming a millionaire in an instant is obe of their reason.

I do both, I’ve been HODLING my stash of bitcoin offline for nearly 4 years. I like to gamble but it’s just for fun, I’ll never get rich from gambling.

Others still play because they got hooked with the thought of winning easy money. Instant money depending on their luck =). Others, who really doesn't know what to trade instead they replace it with gambling.

You cant stop people on doing gambling because its their money after all and its none of our business if he would like to waste up his money on playing gambling than on thinking on investing it on buying coins instead. This is case to case basis because people do have different financial capability which means people do have the money can entirely done both things without any doubt on which way he would choose up.

Agree with your point of view, I like gambling because it's a good way to relax and make some money with a bit of luck. But I would not trade with the money I won, because HODL is the best strategy for me)

More like a gamble gives you an instant gratification while an investment can take days, weeks or even years to bear fruit.

Even sports betting gives you a result very quickly.

That is a very good point, but gambling gives a different kind of excitement, investing maybe can double your money but it need time to see the result, in gambling you can double your money in a split second, and I enjoyed see how I can control my money, in investing I just sit down idle and watching my money being used

It's because gambling is a real game which you play, while investments are a deal, there isn't action there. It's like putting money on your saving account at the bank, there isn't any fun on this... At same time people who gamble exclusively for money profit are mistaken, that isn't a money maker method, it's a game to have fun and to try the luck and if everything goes well, then you receive some profit.

The typical gambler profile is different from the investor profile. Gamblers who play for real already have money, while investors are trying to earn money, because they probably don't have sufficient of this to accomplish their goals in life.

my reason to still gamble with cryptocurrency is that I can directly send the coin into gambling site and start to play especially I use dogecoin which the price is cheap and cheap for the fee. and yes, I make my own investment with cryptocurrency too and until now, I can take some nice profit from that.

for me, gambling is a place to get fun and enjoy the game while we can meet new people and have discussed everything. we can meet people from other country and talk each other. it has been a while for me to have fun in gambling site and I know I cannot get any money on that site unless I can have my luck is work.

If your holding bitcoins from last four years then you should have made a lot of money by now with your investment already.



If you don't know what you trade then just buy some popular coins and hold them for long instead of going for gambling to lose all your money. I don't recommend gambling for making money except for fun purpose.

Gambling on casinos has given users a completely different experience over just investing in something and waiting for the money to grow. You might say that the house always wins but there are those who have made even x100 on a single roll and instantly cashed out. Yeah it might be all luck but still a huge win.


Investing in an ICO or coin could be termed as a longer term bet compared to casino betting. The part where you say it is guaranteed to make more coins is absolutely rubbish as ICOs and coins have sometimes dropped to being worthless while some have been exposed to be blatant scams.

Even a good looking, highly potential ICOs are finding it hard to keep up with the current downtrend of the market and investing here is a bigger gamble than gambling on a casino game.

Besides that, Investing in casino need a lot of time and analysis compared to gambling in the casino. Casino gambling is a fast phase game that's why many gamblers still choose Casino because it is a source of entertainment and not only for profit. Anyway, Investing is just a theoretical gambling but it is not the word gambling that OP is describing. He is comparing two completely different matter at the time.  :o

Who provides/offers this guarantee? If investing in a coin is guaranteed then all people will invest all their money on it, there is no guarantees at all. There is always a risk of losing money when you invest your money in a coin.


Above things cant guarantee you will make profit.


Who can afford both things are not always whales, I'm not a whale but I always use my money that I can afford to lose in both investing and gambling. It is just about preferences, we should not force ourselves if we do not know what is the risk on both activity.

Investing is indeed actually starting to look like gambling, but I don't really think it's a good replacement for it.
It's just not the same, you don't see the results as fast. If anything, it's comparable to sports betting, profit or losses can be made in about the same timeframe.

Do note that most of these outlandish profits are purely driven by speculation, so the risks are also quite similar to gambling.

Since it's hard to define its outcome, then there is still some approach of gambling in it. Having investment is a good move when the company is reliable and we do know that they're project have really a potential. Since they're too many investments we can do, we should really think where to stake our bet.

Waiting for your investment to mature so that you can cashout some profit might be pain for few gamblers so they will keep gambling rather than invest in ICO. We have to wait atleasts 6 month to get maximum out of ICO if it will be one of the successful project but if you will invest in some scam coins than you can also loss all of your investment.

Investing in ICO has become riskier than simple gambling  ;D

Correct which it doesnt really need for you to be a whale to engage or do both things since we can actually do with minimal amounts and its not necessary to put up huge amount.Not only whales do have capability or do have an exception.I dont know why he do mention about guaranteed things since we know that any investment dont really have an assurance to make money anytime.

Yes, it is a gamble, we can only make assumptions but we cannot really know what the future holds. Investing may be boring, but when considering the enlightenment that comes with it when the profit is rolling in, that is not boring bro. Gambling can be fun quite alright, but only if you have limits and you consider it just as a game. However, it depends on each person's perspective anyway.

If I had been putting all that gambling money into some legit ICOs, with the way some of them are doing right now, it would have been a shit load of cash to withdraw from my wallet. Anyways, the future is still there, just that those moments are already going down gradually unlike when we had the crazy ICO boom, but the little ones still available now can still count.

I completely agree with you that nowadays it's a lot safer and potentially more profitable to invest in a coin than gamble. The main reason is that the coin's success can be predicted based on it's main features, whereas in games you mostly deal with randomness. Moreover, when the casino owners are interested in you losing the money, coin owners are in a way interested in you winning, because if a lot of people earn something from buying a coin, it will attract even more people and thus the coin creators will become rich as well.
Nevertheless, surely, as mentioned by other members above, gambling provides you a different kind of experience and trading cannot compensate that one fully, partly because everything proceeds really slow in trading in comparison with gambling.

Some people are natural gamblers or naturally inclined to gambling and they prefer to place their bets in casino, roulette, slotmachine or in online bettings. Their minds thinks differently from the traders although trading can be compared to gambling in some ways.

I believe that some people are still gambling because they are addicted to it or do not know how to analyze an asset or altcoin for investment and if you aim is to make good return it then means investing in bitcoin is the right thing to do now because of the high return with less risk. The odd of making profits is very low but in investing getting your capital back is easy.

When it comes to the game you play during gambling, most times, it is usually quite interesting when compared to investing.

You can still be safe in investment unless you just want to keep loading all sort of coins without even bothering how far they really can go later on in value or in the market. Even at that, it is still a gamble that is worth it anyway. I can just decide to gamble all the top 100 coins right now and buy into them and see how they fair in the long run.

If you think gambling is an investment then you can try these things like you listed above but many people doing gambling for fun purpose so they never think these kind of investments.But investing on ICO doesn't provide any guarantee to make profits,so it both have risks if you want try ICO instead of gambling you just go and try it bro.Good luck.

Thats why i have never been interested in investing into ICO's in the first place, even though the ICO might be legit, there is no way to know whether it is going to be successful or not and most of them are scams as we all know. Better to hold on to your bitcoins and watch it grow than to waste money on ICO investment.

I think we are having misunderstanding here, some of you guys are thinking I guess that the "investing" OP have mentioned is in Trading, I think it is not, it is investing in gambling. We are still doing gambling because we are hoping that we could win a big amount of money in able to double or triple what we have, but it is exactly the opposite of what we are hoping for.

Betting in casino and investing in crytpocurrency are synonymous to gambling, the only difference is the excitement, you can always feel the thrill in casino gambling while in investing it's kinda bit of a dull moment because you are  waiting for a long period of time for the outcome unlike gambling you can see the result in a matter of minute. Both casino gambling and investing cryptocurrency still have a calculated risk, you are in control on how to manage risk and losses.

No gambling is really for fun and you can't compare that in trading because they has a lot of difference in many ways like the earnings and how to control or manage it.In gambling you always need to play and monitor it not like trading that you need only to wait and sell it in high price for profit.I think gambling and trading are good in many ways so there's nothing to question why we need to play or to invest here in crypto.,do trading then play gambling that's all.

Because human is insatiable by nature, and in gambling mostly greediness always dominates the player,that even he already won, the temptation and longings to have more than what he had is always pushing him to keep going on gambling, see! This is mostly what happening, some gamblers already won multiple of his investment but the urge to keep on playing and ends up losing of what he already had, but if LUCK also is on his side, then happy he is😃

Gambling, theoretically, is a fun , stressless thing to do to entertain ourselves and maybe get lucky on the way. Investing on the other hand is the opposite of that, its a real life job that is nerve wrecking and where you're supposed to make some money even tho it's not guaranteed that the choices you made are the right ones.

"investing is boring"... Yes yes.. tell me more, so you are making money from playing a single roulette the whole night to earn millions of dollars per day, am i right or not?
Guys, do not lie to yourselves anymore, gambling is funny as long as you are not going to gamble your whole wage in there, or as long as you are not going to steal to other people to gamble

I have been a lot of scenarios in where a lot of people gamble their entire fortunes in a simple game only because they were "bored".

Gamble is risky, but it is funny as long as you are playing just for fun.

Both have different reasons but with similar purpose which is to earn more. It will always depend on your purpose. Others maybe afraid to gamble then they just do investments because they are comfortable with that. Some may do gambling for fun and get instant or higher returns. Mostly they do both to have a long term and short term returns. Whatever reasons it maybe, for me gambling is part of investments. We took the risks in both activities.

People want to have fun and make money at the same time that is why they choose to do gambling.
Of course, investing can give a good return especially in the crypto world when a coin can go as high as 100 times from its original price, still there's a lot of people who are not yet educated about the crypto and they think it's a scam and they better gamble for instant result and they can manage their money.

When you buy all top 100 coins then it is called a gambling because you're investing money without proper understanding about the coin which you buying. It is nothing but just guessing and expecting profit from those coins. But real traders will not simply buy all top 100 coins instead they will understand coin first then decide whether to buy or not. I don't suggest anyone to just buy all top coins instead check whether they really worth for that price before wasting your hard earned money.

That's what I have been doing in the past and just believing in what the top 10 was saying. It's like going in blind and just staying with what the crowd is buying. Probably you really need to learn and understand how they are doing and what have been done when they created the coin or something.

The statement made by op sounds like so real but actually it's misleading, investment for sure should be done with careful analysis, those people who pick random investment are the one who have no idea about the legitimate business, making money properly aren't like that. You wouldn't find a successful way with it.

Same thinking i have, i also think that if we play gambling for fun then good, and if we want to making money through gambling then we can't success in it. Now most of the other choice are here for us to make double triple and quadruple our bitcoin through trading and investment. Crypto trading is best to make double our money but in gambling play it for excitement then good.