Bitcoin Forum

Its similar to casino.
Its Same like You lose some% and win some%
Crypto and btc are invented probably the same guys who invented the casino slots Machines.
The Bitcoin slots Program bots dont read the news its just right timing.
But You can win with this slots If You play it right.
But only the mr Satoshi slots nakamoto knows the algorytmical Scheme how this is working.
But whales are Computer btc bots who buys some exacly ammount of coins with Exacly patterns.

And weather You lose or win its a Probability theory.
Its not a Question u Enter on right slot the Question are timing.

But government and Elite cant destroy this crypto and btc becouse all those who knows how to make money out of this Will lose Job and business.
So they keep running until new trend or else is Coming out but it seems to be tht not coming anything Different.

I wont really be contradicting on what  you do have in mind when it comes to bitcoin and also bitcoin/crypto is just really the same.Trying to compare it on casino
slots isnt something that would be a ideal to compare because bitcoin isnt really created for the sole purpose of probabilities on making money because if we do
try to look on its white paper then its really created for the sole purpose of payment system and earning money is just a bonus and this is where speculations
do pop out everywhere.If you do have this kind of take then its up to you but for me its totally different.

Not really. an investment although a gamble isn't exactly gambling. Slot machines, although there might be techniques of timing it to get the payouts, still isn't anything like an investment, and comes down to a lot of luck. Bitcoin, if you believe in the currency, you could argue doesn't have much luck associated with it, because you believe in the technology. Of course, to be able to trade effectively in any market, and any investment for that matter you need to time it correctly, have a bit of luck, and read the signs. However, comparing it too a slot machine, is a bit far fetched for me. They operate completely different, and are influenced by different things.

this is not true between bitcoin and casino. I think right now for a coin with a different purpose from a casino., casinos are only fixated on one goal when played, while bitcoin can be better processed if it is processed by the right person and makes a profit, that's the difference between bitcoin and casino clearly

Trading feels like gambling right? But that doesn't mean bitcoin is a slot machine.

The slot games have a house edge, and I don't see that on bitcoin, the slots will always make the users win in the long term but with bitcoin satoshi isn't winning at all. He has some bitcoin under his power but he can't move those bitcoins because if he does it then he will become traceable. And this is why I wouldn't compare bitcoin with casino slots.

Bitcoin is like gambling or like casino slots if you are trading it or using it as an investment.
But if you explore Bitcoin and how it really created, it is intended to be a digital or virtual currency. A lot of people really misunderstood Bitcoin at first, since they don't really research first or read some "what is Bitcoin" google keywords.

I don't feel like I lose anything on my investment.

I can tell you how I did it OP. Some time after buying it I got tired of trading and decided not to check the price anymore. I knew what the price was more or less from press articles but I did not check it every day. Sometimes once a week, sometimes once every 10 days.

After a few months my investment was worth more. Next year it was worth even more. Next year more than last year and so on. You feel like you're gambling because you're checking it daily and reacting to every pump and dump. Set charts to 1w and you'll see that it goes only one way.

Hey, an investment isn't simply luck-based, there are decision-makings made behind it that actually contain reasonings and the like. Investments are pretty much 50/50, though you can skew the chances of you winning by determining which of the 100% of the w/l ratio you should take, unlike in slots where you bloody don't have any idea how to go in. The chances are the same, 50/50, but slots are something like no matter what info gathering, studying, and whatnot you actually take, the place you'd take in that 100% is completely random, one that you can never influence.

Afaik some people said their early investments in Bitcoin was a "gamble", and I'd never deny it. Just that, gambling in an investment and gambling in a casino game have different factors that separate them pretty much from that "luck" factor.

It's very different though, not everything is crypto is base on pure luck, as compare to casino slots. And you have higher chance of winning in crypto specially if you know how the market operates and then you have the tools to analysis.

There is not some random occurrence in Bitcoin, there are traders you trade (buy/sell). So Probability theory cannot be applied here.

I agree it seems that people no longer see the difference between gambling an investing, and I cannot really blame them because sometimes when I see people in the forum saying that they are going to invest in all kind of new coins that we know are scams and that they know that they are scams too but they are willing to bet that someone else is going to come along the way and pay a higher price than what they did then those people are gambling, but investing in bitcoin is not gambling, there is a big difference there even if people cannot see it.

The difference between slots and that crypto is that we can do some  bitcoin trading using some technical tools and not relying only on the luck because we have some basis like indicators, fundamental tools, TA, etc.

While the risks of crypto volatility seems like a gamble, it is way different from slots though.

If you are smart with trading and you know what you are doing, bitcoin trading is not the same as playing casino slots or gambling because in trading, if you are efficient in trading then you will always profit but if you are gambling, you are more likely to lose no matter how efficient you are because it is a game of chances. Yes they are both risky but bitcoin trading risk can be mitigated compared to bitcoin gambling.

obviously very different between crypto and casino slot. crypto cannot be regulated or centralized by a group of people so that when we trade market prices can move due to trading activity by people who do it, while casino slots can function because they are controlled by the site owner and the system has been set up so that users can bet on it.

I disagree. On casino slots, you were just simply relying on your own luck while on BTC/Crypto you can be profitable based on probability and trading strategies. If you don't know what you were doing and investing in BTC just because it's a trend, then you're definitely gambling. The first thing you must do is to do your own research and study the market before engaging yourself in BTC. As long as you know and understand what you were doing, you'll be fine.

Bitcoin and Slots are in no way the same. If you continue playing Slots, you will lose all your money, because the house always win. (It is just how it works) 

Bitcoin traders know how to manage risk and they know not to invest all their investment capital into commodities with high risk. (The average Joe, will take stupid risks and they will go all-in on Crypto currencies)

Bitcoin does not have a centralized "house" ..like casinos, you are in control of your own destiny and not dependent on the RTP (Return To Player) set by the 3rd party Slot providers.

oh my god...You cannot equate bitcoin / cryptocurrency with a casino.
They have their own system. If you lose playing the casino, I'm sure your money will run out without remaining.
But if you lose in crypto, your money won't be lost.
But only the exchange rate has decreased.

Maybe you have a lot to learn about the crypto world

You are actually comparing trading with gambling but you cannot compare bitcoin as a currency as a gambling thing. People are holding bitcoin and investing in bitcoin is not similar to gambling. Trading might resembles like gambling but we have a lot of data points in trading which makes it much more predictable and is not only luck based.

Gambling is base on luck, while crypto trading, you have the technical and fundamental analysis that can help you out to increase your chance of winning. There could be fine line in between, though and traders knows this. So success in investing or trading is still up to the individual, while in gambling, you don't have total control of the outcome and most likely you will lose in the end if you are not that careful. So if gamblers think that they can beat the house edge, then they are differently wrong.

It is completley false, in slots you have absolutely no control of your gains,it is pure luck.
In crypto as in an any other investment there is a risk of loosing money, but you are able to learn and research your investment, you can research the field, you can research the market cycles and fundementals of the project.

If you are talking this way, you are an emotional and young investor.

Casino slots best returns is 98% that I have seen while most are even below 95%,,, while Bitcoin returns are every year going up and up and up,,, so no I completely disagree that they are the same.

Altcoins are even worse, 10% returns year after year;) So slots is even better in most cases!

Bitcoin is just a simple coin but in a different way looks like using the same currency as in casinos and slots but in the end, it depends on the person who handles the use of the bitcoin. In a casino, you make up early earning by just the use of your gambling skills but in bitcoin, it took months and years before you take a profitable income. In slot games, you don't know the chance of winning in bitcoin investment you have a chance to go or pull our your investments.

I think there are important differences here. Slots are programmed in a certain way, so they are very predictable when it comes to the winning chance. They're also independent of anything other than their code, so no matter what happens in the world, they function in the same way and a person wins on loses at a certain rate. Cryptocurrencies are not limited by anything when it comes to the price, so the % of winning or losing from these investments can vary greatly. Moreover, they are largely affected by what's going on in the world, so bullish news can trigger some growth of the price, and bearish ones can trigger the opposite. I think that it's possible to navigate cryptos and consistently perform well with trading them, whereas with purely preprogrammed randomized slot win/loss outcomes it's not possible.

Bitcoin or crypto currency have the same characteristics with casino because the same thing we can encounter there like, we can make money using our bitcoin or crypto currency by taking the risk when we invest our money there, and the same thing when you play casino you need to take the risk to earn money like investing in the crypto currency.

You cannot compare "gambling" with "investing".
In gambling, you play a game and it is either you lose or get double with the play of lady luck.
In investment, you could still win and lose at any rate or vice versa.

If a person does not have sufficient knowledge to trade or invest in cryptocurrency, then for him this activity is practical as a game of roulette. In addition, given the volatility of cryptocurrency and the inability to do fundamental and technical analysis, buying a cryptocurrency can give you both a win or a loss.

Hello everybody. Yet the analogy of Bitcoin with a casino is absolutely inappropriate. In a casino, if you lose, you simply have nothing. Bitcoin is a completely different story - no matter how the price falls, it will certainly, sooner or later, return to its maximums and interrupt them. Bitcoin's price is cyclical. In a casino, you can instantly lose or win - in most cases with the attitude to Bitcoin like a casino - the crypto market punishes you. In the cryptocurrency market, the most important thing is to be able to endure, endure drawdowns in the exchange rate, in order to wait for the maximums to make a profit later. And it is not unimportant to be able to fix profits, at least in parts, but for this you need to know for sure what profit you want from this trade. Good luck everyone.

@OP, You even know what kind of efforts did Satoshi put behind BTC and gave the birth to a new revolution that later became cryptocurrencies? Do you even have knowledge about slot machines and know the difference between BTC and slot machines? BTC is not just limited to making money but it has various technical aspects which people like you won't understand because you come from the trader's part and so, you're not going to look for what it is but rather how much is it going to bring you in profits. You're just a P/L statement @OP.

Bitcoin was created by satoshi to become a revolutionary currency, if you @OP equate Bitcoin with slots then you still don't understand at all about Bitcoin.  Bitcoin has a high price because more and more people are aware of the benefits of Bitcoin and its potential in future.  don't look at Bitcoin from your perspective as a trader, look at Bitcoin from a revolutionary perspective!

You keep creating threads like this, in which you compare bitcoin to slot machines, and claiming that's probably the same people invented both and other nonsense, and then you come to Meta and wondering "how you can't get along here". Do you even think before creating threads like this, or you write whatever pops in your head, no matter how nonsensical it sounds?

This is what i had observed with this guy where most of his threads are literally opposing on what most people been thinking positively towards bitcoin and this guy is trying out to make
some words which doesnt really make any sense most of the time or simply with just using your own common sense you will eventually able to answer on what he's asking.

What the hell on making out comparison on Bitcoin and Casino slots? Not just talking about on literal aspects but on the risk that you're dealing then its totally different.

We know the odds on making money which would differ on the duration and or chances.

They cant destroy simply because they CANT. Banning, adding new regulations and restrictions only slow down the adopting process of bitcoin and the cryptocurrency. They cant never have a full control over the decentralization. Free market and the opportunity to freely invest are what people want and the government will never have a chance to shut down people' desires. More and more people are aware of the potential of bitcoin and start to invest their savings, salaries on either bitcoin or cryptocurrencies. Soon, the digital world of cryptocurrency will be widely accepted, even if it is the government. Having a job related to crypto is just a small advantage of a big picture

It may be true in some cases, but it is not exactly like that.
Lose or win will depend on how we make or do with the coins.
If we only trade for getting the profits and following any hype without any analysis both fundamental and also technicals, it will be the same, like gambling, only putting lucks on what we bought and get profits.
But it is different if we have been analyzing it, fundamentally and technically at least. Although there will not be a 100% correct analysis, at least, we have done our best analysis to minimize losing.
Actually, losing means you sell the coins under the price that we bought, or when we cut loss to get another jump to other coins.
However, as long as we still have the coins, we don't lose them. There will be several stages for it. And also, we can use it for a short or long-term holds.
Different from gambling, we will lose the funds at the time after we really don't win, we cannot hold the coins again if they have been lost from the game.

I actually disagree to your statement, buying bitcoin isn't like you bet your money in any gambling place or as you mentioned like casino. There is some analyst that you can use as your weapon to make a prediction like technical and fundamental. I guess most people already used both of them or one of them before they buy bitcoin for investing/trading purpose.

I just want to know, when you put your money to gamble did you make a prediction first? or make a structured analysis? I guess no, you just guessing and maybe just take a few time to make a decision. Buying bitcoin is not like that, at least you need an hour at least to buy bitcoin in order to get a profit. This is why, there are so many people who just leave investing in bitcoin because they make same bitcoin and gambling.

Maybe you are thinking about trading/investment and gambling, yeah gambling and trading feel the same in terms of the risk, both have no assurance that you can earn money but it doesn't mean that bitcoin is similar to the slot machine, both are different things, bitcoin is not only created for the things called "risk", it has so many good purposes in our daily lives, I don't like playing slot machines but I love exploring cryptocurrency especially bitcoin.

I won't agree with you OP. Investing in bitcoin is not the same like playing in casino. In Casino you are just guessing while in investing or trading you need to learn and have knowledge about it, at least understand the graph and price movement so that you can earn profit.

it's just that I guess, in cryptocurrency has a more visible and useful item with which there dikasino just a game. Well, some people think of this as gambling, some people trade, some people invest, some people as technology and payment, everything exists based on our own understanding.

Gambling or casino slots are activities that bet money as a bet that relies on luck and cannot be completely controlled and if you continue playing you will lose everything even in an instant.
and bitcoin trading so you have full control over the bitcoin or coins you trade, and you can decide when to buy or sell because even if your trade is losing, you won't lose all of the capital you've deposited in that trade, because the profit and loss is calculated on the basis of the difference between the selling and buying price which is a percentage of the capital.
and trading supported by technical analysis, fundamental and so on related to trading will help increase the chances of producing a good result.

Bitcoin and crypto are not like casino slots or any gambling games that you play because when it comes to gambling or betting, the chance you can have to be able to win a profit lies on how lucky you are that will make you earn decent profit but losses will be certain than wins. On the part of Bitcoin and crypto investment and trading, losses can still be manageable as long as you understand the market and you are eager to learn to be able to make things favorable to you. In Bitcoin and crypto, you can somehow have an upper hand on tough situations doing adjustments on how you see things are working unlike on gambling and casino that you cannot do anything but just watch on how you loose your money on betting if you are not lucky about it.

So, you meant that Bitcoin and crypto are only for luck to get profits?
Well, if you are doing it without any analysis and also a consideration, only focusing on luck to get a higher price, it may be the same. But in fact, there is a difference if you really do your analysis. If you only do trading or investing based on feelings to get the luck, it is gambling. But differently, if you are doing some analysis, it will be not the same.
I read some articles about it and you maybe can read some of them here:
https://www.investopedia.com/articles/basics/10/investing-or-gambling.asp
https://www.dailyforex.com/forex-articles/2018/10/is-trading-gambling/105092

It looks like you have to play a further dive into the cryptocurrency ecosystem. Experienced traders and investors not only bet their money on a coin or token and then rely on luck, but have previously carried out various market analyzes. So the analogy you made is not quite right.
But if you trade or invest without any basis of analysis, and just hope that your luck will go up, then it's the same as you say about slots. but remember ... not everyone has that mindset :)

The only similarity between slots and bitcoin is that the results of both are unpredictable on short run. I say that because slots are unprofitable for players on long run due to house edge and so far bitcoin is showing an impressive positive result for investors on long run, although we can't assure it will remain like this eternally.

Bitcoin uses for different things and really different from slot machines so I don't think that both variances should be compared because they are both different in use and purposes. Bitcoin is a stored value or an asset and is used for investment, trading, paying online, buying online, and many more while slot machines are a form of gambling, if you are talking about the risk when buying/selling bitcoin and gambling then there is similarity because both are risky and that is what I only considered as the similarities for both things.
Yeah, thats true, investing and trading can be successful if you have knowledge first about it and most of the gambling are based on luck, there is no need for any knowledge or technique to get an advantage on it specifically the slot machine.

Bitcoin and cryptocurrencies have large fluctuations in a short period of time and that will challenge the confidence of investors.
You can get rich quickly or lose money quickly with cryptocurrency. This is different from other asset classes like real estate or stocks.
Over a long period of time, it can be seen that cryptocurrencies have better growth in value, especially Bitcoin. One risk that investors invest in cryptocurrencies is that they need to accept Bitcoin's influence on the entire market. It may take a few years to be in a bull cycle, but in a bull cycle, it can only take a few weeks or months.

Buying cryptocurrency is a high-risk investment. Cryptocurrency does not have any form of oversight or regulation, and investors have no protection against fraud or loss.

However, I believe that comparing cryptocurrency investment to gambling and casino slots is completely inappropriate. Gambling is based on chance and pure luck, while your expertise and experience have a significant impact on the positive outcome of your cryptocurrency investment.

in my opinion it is different. bitcoin is more aimed at processing transactions while casinos are for entertainment and games. besides that bitcoin is easier to process based on analysis, while casinos only capitalize on profits. so I think this is a significant difference between casino and bitcoin

Maybe what he is trying to say is that crypto and bitcoin compared to casino or gambling is quite similar to each other. Not similar as a whole because crypto is much more complicated compared to gambling but only in terms of being hard to predict if you'll be winning next or not. Altough the probability of winning in crypto is much higher than in gamble, it can still be seen as the same thing. Regardless of the difference between the two, you need to be brave and prepared for the consequence upon entering both. Good strategy and being smart can also be considered essential on both or else you may lose everything you currently have.

in my opinion, bitcoin works differently from casino bro, casino gambling platform, while bitcoin can be used for investment and trading is clearly different and makes no sense

I do not think that bitcoin and crypto are the same as casino slots because as long as we can learn more details about crypto, we will not just predicting without using knowledge or skills. If you do not know about crypto, that will be the same as gambling because you only guess and hope you can make money from crypto. But I will not say that you are wrong because we have our own opinion about crypto, so we can say what we feel about crypto in this matter.

There is, of course, logic in your words, because it is difficult to predict a position in the market, there really are bets on luck, even with a deep analysis of charts and the selection of other strategies on the market, it almost always turns out that you were lucky and took the profit ...

Well one thing is for sure no one could know how it would move.
I don't really like comparing it to gambling but how you explain's it really hit it right to the spot and I couldn't argue with it.
It does feel like casino slot machine we could see others winning while others are losing and thinking that if we played on their slot machine we could have won.
It is about right timing and the right machine to play with but we all have no idea about it.

When compared to bitcoin and crypto investing with gambling, it does share a little bit of similarity. but crypto investing and slot gambling are still different. Maybe both have similar instruments, but their working systems are different. the increase in the price of a crypto investment is determined by the laws of the market economy (supply and demand). While slot gambling depends on luck. So, gambling and crypto investing are very different.

Where did you get this Stupid idea? do you know how Long does Slot machine is running ? why it took years and years before Bitcoin was introduced?

How long will you stay in this forum spreading your Shitposting?
If you are a Slot player for 10 years , surely you will be poorer than a rat now , but if you have bought Bitcoin from 10 years ago, then surely you are the Terminator of Rats now.
If there are someone that can destroy crypto, That is you and people like you.

Depending on how people use these assets, Bitcoin as a cryptocurrency or crypto currency is an investment place that leads to gambling because it is entirely from speculation without adequate fundamentals, but that doesn't mean Bitcoin is gambling. Remember in Bitcoin trading, there is a supply and demand in every sale even though the price fluctuates significantly. Bitcoin is still there and the price is getting higher because of the large number of enthusiasts to buy it.

There is still a bit of luck included in crypto investment though.
Its unstable price will show that. :)
Though in most of the time, it is always to the supply and demand. :)

Hey, there is nothing about Bitcoin that will make it the same as casinos. Yes they are all under probability, which is the same thing with other businesses. Your normal day to day business can be an example, it is not every day that you go to your shop that you’re going to be seeing buyers of the products that you’re selling.

Having more buyers who demand for your products on a steady which is an increase in demand means that your business is going to be growing . That’s the same thing with Bitcoin and cryptocurrency, yes it relies on demands and supply ,and of course trading it is under probability. Let’s assume that you can accurately predict where it is heading to, then what sense does it make??