Bitcoin Forum

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 (https://earthweb.com/gambling-statistics/), 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 (https://insightssuccess.com/the-difference-between-cryptocurrency-and-gambling/)

First I would say to clear the air, there are actually many gamblers because it has been a long thing way before bitcoin even came into existence so it’s adoption should is more even if many countries frown upon it. Also even the under 18s actually engage in gambling they just register with fake KYC.

The most important thing is not the risk, I would say there many people who actually looking for a get rich quick scheme and gambling with all its risks is up there among them. For you to earn maybe much from bitcoin maybe daily is through trading and this requires extensive knowledge. The time to acquire this knowledge is what some gamblers do not want to spend.

So it is not about risk because bitcoin is certainly less risky but rather the narrative or just gain an outrageous amount of profits and that is why we have so many people still investing in pump and dump coins because they just want to make money and don’t care about risk at all. So certainly bitcoin isn’t for this people because it’s gradual profits trend will only frustrate them

Comparing gambling and Bitcoin is truly a mismatch. Gambling (in general) predates Bitcoin by several decades. It is evident that gambling is a highly profitable industry for casino owners and an addictive game for gamblers. In the gambling industry, they sell pleasure to the players. On the other hand, Bitcoin has a specific purpose for a brighter future as a form of wealth.

While we can use Bitcoin for gambling beyond existing boundaries, that is not its primary objective. Bitcoin exists as an alternative valuable asset, not too different from stocks or gold. If a country were to enable Bitcoin payments, it would be advantageous to make the most of it.

Gambling entails significantly higher risks compared to investing in Bitcoin. Are you not aware that in gambling, every loss can result in the complete loss of your money? However, such a scenario is impossible with Bitcoin. When you possess Bitcoin, the exchange rate becoming zero is highly implausible.

Bitcoin is an investment, not gambling, so comparing bitcoin investment with gambling is lame, and it's like you are implying bitcoin is gambling.
People who like to gamble are people who want to make quick money without learning or having too much knowledge. While bitcoin is not a tool that can make you rich quickly, and you also need a lot of knowledge to be able to invest in bitcoin. In short, the comparison between bitcoin and gambling is that you are underestimating bitcoin.

It's all because people want money fast and they are given easy access to gambling platforms. Moreover, not everyone is educated about Bitcoin and even if they do, they are still not convinced to invest in it for whatever reason.
And gambling has been around for a long time and has become a part of society in various places. Maybe in the future, if education about Bitcoin is evenly distributed in various places and access to it is easier, maybe there will be more people who adopt Bitcoin than people who gamble, who knows.

There is no day we will compared gambling to bitcoin that's yet to be generally adopted and legalized. Bitcoin taking gradual process to get the required attention besides bitcoin is just barely 14 years now and I think we don't need to be in a hurry because even the gambling industry it's self was there since the origins of man creation. In fact man himself is a gamble so why do you wanna compared gambling to bitcoin that are yet to be Globally accepted as means of exchange of goods and services. So I will urge you to have patients and give bitcoin more time I said because good things takes a lots of time to get known.

Gambling exists in ancient civilizations way before people have electricity, and yet you compare it with Bitcoin which only exist since 2009. However, I also agree with the above opinions about it's not actually comparable since these two are basically different things. Perhaps you mean trading Bitcoin (or trading in general) vs gambling as an activity, then the answer is probably because of the fun or gaming factor in gambling.

People see gambling as the quickest means of making money, this sound like the truth but we should also know that the possibility of losing all your stake is high, note generally, gambling includes both sporting activities and arguments that need clarity, and this may prompt individuals to bet money, pending on the findings, this is done immediately, whoever wins takes the money.

Note individuals may either lose the money they use to stake in gambling or get double their stake depending on the amount they put in. But in Bitcoin, nobody loses all their investments, although your capital might shrink, the fact is, it can never be decreased to the point of losing all your input.

In gambling your winning is almost immediate but in Bitcoin, it is a gradual process depending on your pattern of investment, it might be short-term or long-term. Some people might not like to settle for Bitcoin because of their lack of patience and how inquisitive they are to make money quick.

Currently, there are many gambling sites that apply crypto as their currency. Why is this happening? that's because crypto has convenience and independence. Crypto doesn't need kyc and people are lazy to fill out kyc, kyc is just an excuse for the government to collect taxes.

Legal companies other than gambling sites should think twice about implementing cryptocurrency because it will definitely be difficult for the financial authorities and will be accused of being a place of money laundering. Even though there are several companies that implement crypto currency, they still ask for kyc, so it's no different from using fiat.

Maybe if there wasn't a shadow of a state financial authority, many companies would implement crypto as a currency.

Then why do so many people like to gamble instead of investing in bitcoin? of course this is something different. Bitcoin is an asset and currency while gambling is an activity. People see gambling as a quick way of making money, in fact  gambling is a quick way of spending money, bitcoin is an asset so you need to wait for the bitcoin price to rise to make a profit. Another way to make profit in bitcoins is by trading activities but it requires extensive knowledge and skills. Instead of learning about bitcoins, people prefer to gamble because it doesn't require much thought

You will not get an accurate answer. If your investment is random, without calculating the risks and with money you will need soon, without any plan and great greed, there is no difference between Bitcoin and gambling.
Sometimes gambling is attractive because it is a short-term risk, you enter it with a probability of 50% profit and 50% in the simplest form (and this is absolutely not true, otherwise the gambling sites would not be profitable) while Bitcoin is a long-term investment, you invest today and wait for four years or more to achieve 500 % he won.
It is rare for a novice investor to make a good profit from investing a small amount in Bitcoin for a short period, but it is possible in gambling.


I do not recommend or encourage anyone to gamble, it is the fastest way to lose your money.

Someone also mentioned the similarity with investing with stocks or gold and I agree with that. This may be also due to the lack of financial literacy. I mean how many people had been thought about this in school? There are some for sure but they are probably a small minority. You can learn gambling literally from everywhere starting from your house to school so it's not surprising that there are more people who knew how to gamble than to invest.

Officially they will made it publicly that 18years plus is the minimum age requirement for gambling but on the actually fact it doesn't work that way, we have many underaged that managed to gamble and we begin to wonder how comes they maneuver their way into gambling, the gambling platforms are to make money regardless of who is bringing it coming their way.


Do we have a statistics genuine enough to proof the numbers of gamblers all over the world outweighs bitcoin?  am not sire about this but despite we have to believe they aren't the same thing, there's much to differentiate about them all and i know that not everyone as well is a gambler out of the entire world population, the youths are most found gambling while bitcoin has no age limit or boundaries.


And where did you get this kind of information from, gambling is more of risk than bitcoin, you can loose part of your money with bitcoin or have more opportunities to make more of it when you hodl your investment while gambling is a one chance entertainment that makes you loose your entire money.

Gambling has already been there since the ancient times while Bitcoin was invented and launch on 2009. If your comparison is all about the number of Bitcoin investors and gamblers, definitely that one can conclude that there are more gamblers than Bitcoin investors.

Is this even an important matter to be compared? No.

There is no point with this comparison. No matter how many gamblers are there in the world, still, Bitcoin remains to be one of the fastest growing assets in the entire history of humanity.

The market value of Bitcoin won't continuously and consistently increase, and that is the same with profit to be earned from investing into it and not to mention that not all people have huge mount of money to invest and gain big. While in gambking, even small amount could be x100 if you are that lucky. High risk, high reward. Indeed it is less risky to invest but the idea of gaining more in a shorter period of time is wht drgging people into gambling even if in reality it is more often to lose than to hit the jackpot in gambling. Are they having the wrong idea? Nope, they did it with hope on the line, means there's an inititive and that they embrace the risk.

There seems bit confusion in the article and what you asking. Article is all about the gambling games, gambling, and cryptocurrencies. It doesn’t really tell us whether we have more fan list in the gambling or in the Bitcoin. I think this comparison isn’t valid since we are comparing a “service” with the “currency”. I am not able to populate any sort of comparison points here. We are doing comparison between a currency that is actually being used to make transaction on gambling sites. One is part of pure investment and one is literally way to gamble your money (bitcoin/fiat) etc. I think it’s better to keep them different.

Gambling will always attract you more than investing because you don't need any specific knowledge or experience to gamble and gambling is as much fun as investing in Bitcoin but not as much fun. You can gamble one day and win money to build a house and one day gamble you can lose all money but there is no such record for Bitcoin. By investing in bitcoins you will not be able to own a lot of money overnight and there is no chance of losing your money so quickly. Nowadays, novice gamblers are more common than professional gamblers. There are new gamblers who become more interested in gambling only through various online advertisements, as a result of which most of the new gamblers end up losing their money by gambling. Even though there are more gamblers than Bitcoin, I will always consider Bitcoin as safer than gambling.

Actually everyone knows about gambling but some are not aware of bitcoin therefore gamblers are more than bitcoin investor. Other thing is that lots of people cannot wait more and don't have patience therefore they are involved in gambling to become rich more quickly as a result of which either they loss all money or make their money double.

Gamblers will once earn profit but the future of gamblers will not be good as gambling is addiction which can make a person looser. Bitcoin is one of the best opportunity to earn passive income and enhance the worth of your money but for those who are interested in it as well as have a command to Control feelings and manage risk.

From my personal understanding the risks of gambling and those involved in Bitcoin are very different and will never be the same. Because the risk of gambling is only about winning and losing, while the risk of owning Bitcoin does not include winning and losing if it is brought into investment or trading.

So it is clear that the level of risk is still much higher for a gamble than a crypto asset like Bitcoin and if what I said doesn't give you a more complete understanding, now I will give another example of something that you find very often in life. That thing is money, will your risk in holding money be the same as your risk when playing gambling? Hopefully you can distinguish this because not all risks are the same or higher than gambling.

Bitcoin is a pretty young digital currency, while gambling is an activity that already exists in human society since its beginning. We can't compare both, because they don't have any similarities. What we could do is to speculate the impact of gambling inside Bitcoin adoption. That is, people who adopt Bitcoin for the main purpose of gambling online, and not exactly because they want to be Bitcoin investors and enjoy all the advantages it proportionate to them, as currency.

As we know, Bitcoin gambling is highly popular, because it allows gamblers to play nearly anonymously from the comfort of their houses. So Bitcoin is indeed a great tool for those gamblers who were forbidden to play previously at fiat casinos, due to local regulations from their native countries.

Well, I think that's how it should be, because gambling is something that has been around for a very long time before we thought of Bitcoin, so there's the possibility that it would have more users/fans than we have in the Bitcoin community. But that doesn't mean the crypto community is small, there are so many people in the crypto community around the world, and more keeps joining every day.

I pretty sure there is a big chunk of people who are buying BTC and crypto in general because of gambling addiction or at least similar feeling they want to get. That's the reason why all coins are so fluctuated.

although it is not accurate to be sure, yes, I agree it is more to the level of risk, many people still view bitcoin trading as having a greater risk of loss than just gambling, so people prefer gambling rather than investing or trading in bitcoin for now (in fact the risk of losing in gambling is higher than investing or trading bitcoin), but with the emergence of gambling sites that accept deposits or withdrawals with bitcoin I think it's great to increase the potential for bitcoin adoption in society. I still believe that the above data may change in the future, the trend will change and more and more people love bitcoin.

When it comes to statistics then there's no solid numbers that could make out that kind of comparison in between to those people who are involved on Bitcoin and to those who are gamblers but come to mind that gambling
had been long time already existed before Bitcoin being created out on which this do pertains into those fiat casinos whether it would be offline or online which it had been existed. Speaking about risks then we do know on how risky it would be on dealing with gambling and also Bitcoin is a digital currency which it is really just that something that you could really make use on being a payment.It did really just turn out that Bitcoin does have
other means when it comes to benefits on which it could be possibly be able to make it as an investment considering that it does have that kind of potential on making profits in long term on which it would really be just
that normal that there's a certain risks if you do tend to accumulate it. In general then Bitcoin = Investment/Payment option/Currency ///// Gambling= entertainment/past time/leisure/ Non investment type.
If you could really be having the common sense and actual awareness on what are the things that you are really that involving with then you wouldn't really be able to mold up these kind of questions.  ;D

Everyone wants to experience a big break in their finances but not not everyone is patient and is willing to wait for long term profits. That’s why instead of waiting for a breakthrough, people chose to gamble instead and expect some quick returns that will make them instantly rich. That is how their mindset works which I think will only ruin their finances in the long run if they keep on gambling and expect a living. Bitcoin is profitable yet it’s a long term investment, while gambling is an easy and faster way to make profits but it can also leave you homeless if you become uncontrollable in gambling.

Gambling will lead and I'm not astonished to see Gambling leading because currently I believe that gambling have more population than any other things because I believe that with gambling people do think that they have arrived, and secondly many adults who is unemployed uses gambling as means of hope in life and this scenario is what makes gambling to take a higher traffic than other things because many young youths are very curious to get rich within the space of two weeks, so I believe that gambling of different varieties want to dominate every thing

Gambling and bitcoin are two complete different things to me, while everyone can access Bitcoin and use it while staying anonymous and confidential gambling in the other hand requires your identity and funds source. You can gamble with bitcoin and make deposits with it if you find a good crypto casino, while you can’t get bitcoin from a casino and gamble without funds.
I don’t know if you get my idea but all I’m saying is that bitcoin is not just a way of investment only, the use of bitcoin is to transactions and payments. It’s an evolution that’s been created last decade only.
Gambling is a very old practice with thousands of years ago that’s why it has more fans and also can be addictive while bitcoin is a safe and noneadictive system.

Sorry to say, but I believe this is a pointless comparison. Gambling and bitcoin are distinct in their own right. By comparing gambling to bitcoin, you are attempting to taint the world's perception of bitcoin. We are all aware of what gambling entails, as well as the level of danger involved. While some consider gambling as a chance to earn quick money, bitcoin should be viewed as a reliable currency that may be used as an alternative to fiat currency.

Both have challenges, and the risk associated may be the reason you are comparing them. Gambling has been around since long before bitcoin. It was evident that the game was only for the lucky, and no extensive understanding was required to become a master gambler. Understanding bitcoin necessitates extensive research, with privacy and security as major priorities, as gambling does not have these attributes.

Because gambling existed way before crypto. Simple as that. In the first place, it's wrong to assume that gamblers understand or acknowledge the risk in gambling, it's a damn game, it's for enjoyment. And even if they actually do, it'd be rare to see them compare it to trading or analytics, that's just dumb stuff right there. It's like thinking how the red stones in Minecraft can be used to make that 16? or was it 32-bit computer in Minecraft. It's doable, but your average gamer would definitely not do it, let alone think about it.

And that kind of mindset is wrong in the first place anyway, since you're acknowledging that Gambling is similar (if not the same) to investing. While they both have risks, the fundamental things you need to know differ from both of them, and if we were considering risks, I'd say there's a LOT of things that would be similar to them at the same time then.

Buddy, You and me even all the members on the forum, and even in the whole world people like easy and huge amounts of money. Bitcoin is consistent but still slower than gambling, gambling is an easy and more money-attractive game where people try to win some kind of luck or jackpot and they lose most of the time. Greed is an emotion only a person with strong beliefs and strong living principles can overcome it. The rest of the people who are lazy in their routines and principles can't manage to overcome this is the major reason Gambling has a lot of fans and Bitcoin has loyal but fewer.

We do always stick on something easy on which same as you said that all of us would really be preferring on easy money or on how fast it would be able to happen and we arent that dumb not to make out comparison in between gambling and BItcoin investment but come to think in differentiating the two, then we could really definitely tell that we would be able to tell on which one is risky
and which one is less risky. To the fact that Bitcoin investment is something less riskier than on gambling which is for entertainment but having that huge risks despite of the instant results but the odds
on making wins is really that lesser and also house do always win in the end. We can really differentiate on what is investment and what is leisure time which are totally different things if we do
tend to explain. There really just those people who are really that bad when it comes on balancing on things.

I don't think you could compare Bitcoin and Gambling, both are two different things that are not directly comparable, Bitcoin is a form of payment, and Gamble is a hobby/activity. It will be like comparing sports and gold, people love both, you can gamble while buying bitcoin, so this comparison wasn't really necessary.

Ease of winning money this is what reach everyone's mind when they hear the term gambling. The reality will be understood only when they start exploring as well as experimenting. Few get lucky, but the majority end up losing huge funds. Even the person who have the mentality to hold and experience good profit in the long term prefer gambling to increase the holding. This initially works and when greed accompanies it ends there with nothing left to hold for the bullish market.

The thing is gambling has been around for much longer than bitcoin so it should be a given that there are far more people who are more familiar with it, gaining it more fans as people are well aware of the general idea and process of gambling compared to Bitcoin. Moreover, it is also the assumed or set belief that gambling is more profitable and is an easier process to deal with as, once again, it's been around for way longer.

Gambling and Bitcoin cannot be compared because they are both different activities. Gambling involves placing bet while bitcoin is a digital asset that can be sold and bought by the investors and keep it for a long term to accumulate profit. The risks involve in bitcoin could be higher that would depends on how big would be your investment, but with the proper timing in investing in bitcoin there is a big possibility that your investment will earn a bigger profit. While gambling could be a one time big time losses and you cannot hold it once your bet is loss, unlike bitcoin you can keep it and wait till the price recovers or even it gets higher.

You can't really blame others, as they want gambling because they are more attracted to winning huge amounts, like if they bet on the lottery, they are hoping to win thousands of dollars or even millions, which is more appealing to them, and at the same time they are having fun with it. Unlike investing in Bitcoin, gambling is not the same as investing in Bitcoin, as you need to learn about it and the risk that involves it is huge, like losing your money. The only thing they want in gambling is that it is easy to do, and if you get lucky, you'll win big.

Gambling is not something that come today of in this century, but it has been existing before since the creation of the world. Bitcoin is just a decade invention, so you can't compare bitcoin with gambling, and also since gambling has been on existence before bitcoin people have known gambling more than bitcoin so you don't expect all those who involved in gambling to involve in bitcoin. It is even through this forum that people are involving themselves to play gamble with bitcoin.

Bitcoin which is a decade invention has taken half of the world population to itself (speculation). And I don't think gambling population is increasing everyday like bitcoin again. Bitcoin population is increasing everyday more than the people that joining gambling now. And when bitcoin will spend one century in the space, the population will be very high.

Op I will also advise you to move this thread to gambling board because the thread is gambling related concept.

Gambling is more easy to understand, and it can frustrate your life in a way you will regret why you take the risk to gamble because it has made many people to sold their properties just because they want to make money to create a better properties which will make them to loose their money. Gambling is the oldest bet many people used to make money that made it popular than Bitcoin, but with time Bitcoin will be more popular than gambling because many people prefer to invest in Bitcoin investment than gambling, because there is a bright future behind Bitcoin investment. The gambling risk is more higher than Bitcoin risk because if you apply long holding in Bitcoin investment, it will be difficult for such investors to experience losses from their investment in the future.

How do you compare bitcoin investing to gambling? Why don't you compare investing in gold and stocks with gambling but with bitcoin? Are you looking at it as a variant of gambling as many others are thinking?

I don't think the use of bitcoin by online casinos will increase bitcoin acceptance in society. It is undeniable that the casinos were the first to accept bitcoin, but the popularity and acceptance of bitcoin in society has nothing to do with that. In my country and the bitcoiners I know, they hardly join any casino and don't know anything about gambling. So I don't think gambling will drive the growth of bitcoin in our real life.

Because gambling already existed in this world compared to Bitcoin, also when talking about gambling in general, not only online gambling, the public understands it more than Bitcoin where you have to study and find out what Bitcoin is, while the information on the internet about Bitcoin does not fully describe what actually so that it can lead people to misinformation.
The risks in Bitcoin and gambling are different, I mean if you are involved in the right Bitcoin investment then the risk can be said to be zero, the problem is that many think staking Bitcoin on online platforms is considered an investment that we can get into a scam, whereas gambling, no matter how smart you are, still has opportunities to lose money although getting profit is not impossible.

Answer to your query is very simple. But you first have to give a thought to another question which is: How old is gambling and How old is BTC? If i give the answers then Gambling is what like Hundred or thousands of years old but BTC is only 15 years old. So, how a business running so long which has attracted a lot of people and many people even their generations are stuck in gambling. So, they have left no other way but to gamble.

The point is, gambling is very old so does it trust and, people who are involved in it are also numerous but in compare to BTC the audience and users are less but many are shifting towards BTC. Because those who wanted another source of income which has less risk factors they will migrate from Gambling to BTC.

Gambling is older than even minted currency. Some historians found out that the first gambling activity happened in about 2300 B.C, while the first minted currency came into existence in 1700 years later. So in terms of age gambling is older than Bitcoin which is just 14 years. To date, people gamble without money because anything can be used for gambling.

Gambling is legal in almost all the countries of the world with few exceptions. Even in those countries where gambling is banned, there are still some forms of gambling. But Bitcoin is facing so many restrictions in most countries making its spread slow.

The amount of money gambling companies budget for advertisement is always big. They engage in all forms of promotion to spread their service to all the nooks and crannies of the world. Bitcoin doesn't enjoy such huge promotional support. It is common to see different betting adverts on social media and large billboards but you hardly see such adverts promoting Bitcoin.

With little funds, anyone can gamble but you need higher funds to buy or use Bitcoin. Bitcoin is for people that have a source of income but even the unemployed can source for little funds and try their luck on gambling.

Gambling needs little or no knowledge to engage and even illiterates have the basic skill to gamble. But you need to have the ability of reading, write, and have basic knowledge of online banking to be able to use Bitcoin.


The same risk you bear when you use fiat is similar to the risk you have to face when you are using Bitcoin as a currency. As a Bitcoin trader, you face the same risk as a stock trader. When you invested in gold, other precious stones, or real estate intending to make a profit from it, you somehow bear the same risk as a Bitcoin hodler. Gambling is highly based on luck and the motivation is to get quick profit. The risk in gambling is greater than that of Bitcoin but you should always invest what you can afford to lose on both.

because Gambling had been existing since they are born and let me correct you , this is unfair to be competition because gambling is increasing since day one while Bitcoin has just created/released 13 years ago so that is not fair to conclude competing .
and another thing? bitcoin is less risky from gambling but people look at gambling more reality than crypto not unless time comes they do understand this deeply.

The number of people who gamble and the number of people who invest in bitcoin, when viewed in terms of numbers, it is gambling that is superior. But I'm not surprised by this fact, because gambling already existed, long before bitcoin was created. Meanwhile, bitcoin was created more or less 15 years ago.
That's why more people already know about gambling, than they know about bitcoin. So if there are very many users or gambling players now, that is a natural thing. Because gambling was already there, compared to the creation of bitcoin.

When talking about risk, gambling and bitcoin, surely both have different risks. Because the way it works and the system that is run is also different. So if you compare the risks of gambling and the risks of bitcoin, I don't think it's the right thing to do. Because what to compare from gambling and bitcoin?. the two are also clearly different from all aspects.

So in conclusion, there is no need to make comparisons between gambling and bitcoin investment, just because of the number of users. Because in essence, gambling has been popular for a long time, and bitcoin is still relatively new.

I disagree with you that gambling is easier to understand than bitcoin. As for me bitcoin is easier to understand than gambling. The following are the areas you can use bitcoin, to invest, to trade and for buying and selling of goods and services. So which of the area is difficult to understand in bitcoin? Bitcoin is just to buy and store in the wallet as investment then when you have learned trading then you can go further to trade with it. And it is trading that is difficult so one can start with investment.

Investing in Bitcoin and gambling cannot be compared regardless of the reason, although Bitcoin investment and gambling both expect the arrival of something of value, there is a difference between these two activities. There is a big difference between Bitcoin and gambling, which is why they should not be considered the same.
gambling is entertainment, it's no wonder why the number of people joining in gambling activities is increasing. Gambling players bet on what they believe can win money. Bitcoin is not gambling and cannot be compared to gambling, Bitcoin is a medium for storing value like gold and silver the price will go up when demand increases. Gambling has had a long history long before Bitcoin was launched, while Bitcoin is still in its infancy (not many countries have legalized Bitcoin yet), however the popularity of Bitcoin will be much more increased.

because gambling is more than a millennia old while Bitcoin is just 14 years old. also, while bitcoin and gambling have risks, they ultimately have different purposes, one is supposed to provide a decentralized peer-to-peer network/transactions, while the other is to provide entertainment as a way to pass time and such(though it is clear that not everyone is doing that).

   

Several research creates the hypothesis which states gambling has been around for over 2300 B.C and a record of gambling marked on 600 B.C before the invention of minted currencies in Lydia in the 7th century.

This is only evidence that gambling has been around for ages, from the use of tiles in Ancient China to the use of dice in Ancient Greek, etc Gamble has been around way longer than bitcoin has and it's a scheme for quick money as the odds are mostly favorable. Whereas there are loses in gamble, people still tend to gain a lot from it. It might as well be a survival technique. 

In comparison to Bitcoin which was only created few years back, it's only right majority of adults would likely be more invested in gamble than bitcoin, especially having little or no knowledge about Bitcoin.

You are not making any sense, sorry to put it this way.

People want to gamble because the minimum age is 18+, what about Bitcoin? Do you have to be at a certain age to buy Bitcoin?

Your comparison is even more annoying, asking that Bitcoin is more risky than gambling, are you on drugs before creating this topic or what? Because even those who are not into Bitcoin investment know the answer.

Gambling takes more from people than giving back to them and Bitcoin does the opposite, you keep your Bitcoin in your wallet and wait it out, it's time based investment, how is this even risky?

Gambling is an instant judgment, you get your result in a day, even in minutes, either it's going to go wrong or not, Gambling determines to take everything from you, there is no analysis or strategy, making it one of the riskiest ways of making money.

Compare something else with gambling, not Bitcoin, it would be better with Forex trading and gambling, Bitcoin investment is better than both.

I believe it's very hard to compare gambling (an activity) to Bitcoin (a currency/an asset) because these are two very different things. Gambling is something people have been doing literally for thousands of years. It's a form of entertainment that many find very engaging because of the anticipation, hope, and fast results. Bitcoin is a cryptocurrency that only exists for less than a couple of decades, and people can trade it, but the volatility of the price is not the same as fast bets and rewards/losses. Also, many people use Bitcoin differently, holding or spending it.
And then, of course, there's a big overlap between gambling and Bitcoin because there are crypto casinos where one can use Bitcoin for gambling.

Gambling players are more prone to winning here and now than over some time.
In general, in most cases, all people prefer to receive money in a short period. Experiments were made in which $50 was offered after 3 months, $100 after 9 months, and $50 immediately or $100 after 6 months. Most chose the shortest time.
If we talk about profits from Bitcoin, then investing in it is done by people who know how to wait patiently, setting specific goals for themselves. This is not achievable by a gambler; play for the future and spend your money rationally.

Bitcoin and gambling aren't comparable to anyone who has some knowledge about the subject, but article you were referring to wasn't talking specificly about BTC but about cryptocurrencies in whole, and if you take the everytyhing that falls under that umbrella, it is gambling. Not in a traditional sense, but many people see trading in stock markets as gambling as well.

Then if you add the fact that most of the cryptos are microcaps that die before hitting to any marketcap indexer. Then how else could it be described? Speculative trading/investing is just a fancy term for trying for your luck and using that in this case is quite misleading. If the most likely outcome is that you are going to lose it all, your odds are worse than in gambling.

If you think gambling is suitable for comparison with forex trading, there is nothing wrong with OP comparing bitcoin to gambling because aside from holding, bitcoin is still used to trade in the market. This is a bias for bitcoin to say that bitcoin is better than forex or stocks, as each market has its own advantages. You cannot trade and make money with forex, but many people who have succeeded with it are even richer than the bitcoins you hold. Do not criticize others when you are not much better than them.

Do you know the difference between gambling and investing in BTC? If gambling is the sensation/fantasy of wanting to make big money quickly. For example in the casino. if you get the Jackpot in a game of chance but, very high risk But, In BTC it takes time to hold long term and it takes patience. Yes. the only risk is price fluctuations that go up and down regardless of other issues in the digital world.

So, I can conclude that gambling and Bitcoin are much different. when viewed from the fulfillment of needs and audience. Yes. there is a link between Cultural and Social Factors of a person where Gambling offers immediate entertainment while Bitcoin presents a long term investment opportunity with unique features and potential for value appreciation and potential to reshape the financial system.

Well I'd say that if the topic is rephrased to why online casino is gaining more fans than bitcoin it'll be better and comparable, because gambling generally as said by previous responses has been around for centuries, which keeps it ahead of many industries including bitcoin. Humans don't like delay, everyone wants to see immediate results; win or loss. That's why a good number of people gamble over investing money into bitcoin. Additionally, Gambling happen naturally. Without the house or event gambling will occur, even in nations where gambling is illegal, peers can be gambling privately with no traces. Unlike bitcoin with lots of barriers, citizens can be traced if they use bitcoin in a country where its banned. You'll see that bitcoin doesn't compete with gambling by any means for now, as people can easily change in future coupled with rise in gambling addiction people can begin to choose bitcoin.

Gambling is a friendliness games or sports we play to enjoy ourselves during our free hours of the day, bitcoin is a digital currency in cryptocurrency and we can say it this way that today in gambling, there are thousands of millions gamblers who uses bitcoin or other cryptocurrencies to play gambling which means almost all the numbers of today's gamblers have already gearr about bitcoin and uses to gamble, also considering bitcoin itself, both gamblers, non gambler users, politicians and other people both young and old make use of bitcoin and we can see how high is the bitcoin market cap as at today, which means that bitcoin is far growing more than gambling itself.

We need to be rationale while comparing or analysing bitcoin. There are folks who become based while defining benefits of bitcoin which in my opinion is not good. Every trading market has its own pros and cons, nothing is free from cons and so is bitcoin. If you have proper experience and knowledge of specific market only then you can succeed in specific market. Bitcoin without proper knowledge and know how won't give you any benefit.

On the contrary, I would say that the risks associated with gambling are much higher than with bitcoin. How many gamblers do you know who have become rich? Their units. How many people do you know who became rich with bitcoin? These are clearly more so. If the well-being of gamblers depends on luck, the theory of probability and RTP, then that of bitcoiners depends only on their patience, endurance and ability to wait. The gambler's winnings don't depend on him in any way, while the bitcoinersr's "winning" depends directly on him: on the moment of buying and selling btc.

There are more gamblers, because the entry threshold is lower in this area: anyone, from a child to pensioners, can gamble, where no special knowledge, skills or abilities are required. Simply put, gambling covers almost all segments of the population, ages, social status, while bitcoin is a narrower area. Passion for a bitcoin requires at least a superficial knowledge of IT, technology, economics and finance. So it turns out that gambling is more accessible to the average person than bitcoin. Although, in order to buy btc, wait about 4 years until the next cycle, sell and earn, by and large, you also don't need to be a genius.

Gamblers rely on luck and a miracle to win, while bitcoiners rely on halving, bullrunning and technical analysis. The first is like believing in magic, and the second is like believing in science. In my opinion, the latter will surely win in this fight.

You're comparing a car with an apple, it's completely different thing.

Gambling has been exist since a long time ago and anyone can gamble without Bitcoin, while Bitcoin is still 14 years old and there are many countries still not able to make a decision toward the acceptance of Bitcoin. The reason why gambling gain more fans is people tend to choose a quick making money even though in the long run they will lose, it's opposite to Bitcoin.

It is because we share different definition of "thrill".

People who are addicted in any kind of gambling is after the thrill and excitement hoping they could win the jackpot in the lottery for example, so they buy tickets every single day even though they know that the chances of them winning that is like zero percent, since it's all about luck.

Bitcoin on the other hand is a new kind of thing to them, so they really don't care about it, especially the old folks that only knows fiat and gold. Other people just don't really care about investment, so that's why.

No, the risk in bitcoin hodling is not more than gambling risk except you are trading it but if you are hodling bitcoin then you have a chance to still have your coins but in a lower value but gambling and trading bitcoin could be seen as same risk because if you lose you won't recover that particular chance except you make another bet or take another trade order.

Incorrectly comparing bitcoin to gambling in the first place, bitcoin is an opportunity for investors and the same time asset, in addition to being used in businesses. Though gambling is also a business class.

The only difference is that Bitcoin once you invest a long term here even if you go back to the wallet after a year the profit can be great. Whereas in gambling it is not like that, it cannot gamble if you do not deposit money.

The difference is that one of them is possible and the other is not. If you gamble to win the jackpot then you will most likely lose, there are only a few people who would win, but you will most likely lose, the chance of that is not even 1% to get it, which is why you should not aim for it. Whereas the possibility of becoming richer by holding bitcoin as long as possible is there, and it will make you richer.

I am not saying this just because I am invested into bitcoin, but you can check the last 10 years and see the number of people who have been gambling for the past 10 years and check how many of them are rich and check the people who have been in the bitcoin world for 10 years and see how many of them are rich. That should tell you the answer.

Bitcoin is boring when you compare it with gambling which is a fun activity and something you can make money more quickly than bitcoins where you will have to be patient and wait for a period to profit from your investment. Also Gambling has been more widely accepted than bitcoins and cryptocurrency is some places. There is barely a place (I think) that there is not one form of gambling even if it is their local games, but there are many places that bitcoin is not even known.

Where is your statistical data to back it up, do you know the number of Bitcoin investors and that of the gambler or it is an assumptions that comes from thin air. I hope you know that Bitcoin open way for gambling because of its value and making funding easier for gamblers but not everyone in gambling hold bitcoin. You can't convince me out of this unless you have evidence to proof otherwise that we have more fans of gamblers than Bitcoin.

Using this forum as example, so many people including me don't know that bitcoin is been used to facilitate deposit instead of using the conventional bank transfer and other means of making payment but with the arrival of bitcoin, everything became easy to use today and that is how bitcoin won over gamblers to using bitcoin(gamblers + investors) but not everyone in gambling like to used BTC but the of bitcoin out number that of gambling as you claimed.

People are more interested in gambling than Bitcoin because gambling is addictive once played. People think gambling can be more profitable than Bitcoin for which they live betting. I have noticed that there are many people who prefer to gamble rather than invest in bitcoins, they risk making more money with less money in gambling. In fact, people are more attracted to gambling because when a gambler places a bet, he has a hope that he will win the bet and get more money profit. There are many people who have become overnight millionaires by gambling and seeing them all other people decide to follow that position. But what I think is better to invest in bitcoin than gambling because investing in bitcoin has no chance of risk but gambling has absolute risk. So those who still choose Bitcoin as their main source of investment will be able to earn well in the future. And if he loses his money once by gambling, he may face huge losses in the future.

Corroborate you, Bitcoin is playing the most important role in the world of crypto gambling. Since the creation of Bitcoin, the gambling platform has become an industry and the government has also been able to earn huge revenue from it. But I don't think that's what OP emphasizing. Because gambling and business are two different things. Bitcoin is a means of payment and can be used for trading. Casinos use Bitcoin as a fast, reliable and secure payment method. What the two platforms have in common is risk, but there are also major differences between these risks.

Generally a gambler can multiply his money quickly in gambling simultaneously can losing all his money. This is unlikely to be the case with Bitcoin investments. This will not make an investor completely looser. But if any investor can hold it for a long period of time there is a possibility of getting good profit.

If you are pertaining to the whole gambling industry including fiat physical and offline gambling then you are right since gambling exist way longer than Bitcoin. Almost all people knew gambling because it’s already part of human culture especially adulthood.

Comparing the general gambling to Bitcoin is absurd comparison since they are different type and different age of introduction.


Smh, Gambling is the riskiest activity that involves money because as the word already implied. You are gambling while Bitcoin is just an asset that continuously increasing its value in long term. Bitcoin is not risky if you will just hold it. The risk part is when you are doing leverage trading and making positions both sides.

The minimum age for both gambling and bitcoin investment is 18 years though some exchanges allow even teens to invest in it but the history of gambling have been dated far back in the AD'S before Bitcoin was created and in as much as Bitcoin is a good investment it's still not considered by many people and some don't even know about it or how to invest in it, also the volatility of bitcoins price have made it difficult for most people to consider making investment in it
 However the risk in gambling is greater because you could buy and hold bitcoin for a long term and sell to make profit when the price goes high but you can't get back your many when you lose due to wrong predictions in gambling, even though most online casinos offers cashback where you get 20% of your money when you lose one could still try to recover their lose and lose against but the thing is a good number of people who are not ready to go into a long term investment would always fall back to gambling because it's  easy to learn and they consider it an option to get rich quicker not minding the risk in it.

At first, it is not fine to directly compare gambling to bitcoin investment. The former is seen mostly as an irresponsible act while the later can give prestige to the investor.
Talking about why gambling has more fans or gaining new comers than the later. The answer is simple.
Bitcoin is less than 15 yrs old
Gambling should be as old as the world
Gambling is rooted while Bitcoin is seeking breakthrough.

I think that's wrong, the risk in gambling is much higher than that in Bitcoin. Gambling is highly unpredictable, whereas with Bitcoin you have a good idea of how price volatility works, and in the long term it can lead to such a good profits for those who hold onto their Bitcoin for a long time.

I believe there are many gamblers nowadays because they find it enjoyable and addictive at the same time. They prefer gambling as it promises quick riches, unlike investing in Bitcoin which requires patience and time to make a decent profit.

Gambling has been there since the existence of man and it has being used as a means of entertainment in festivals and some events. So many people involves in gambling from a teen age based on the company that they keep. Gambling can easily be done with little funds and so many people see gambling as a means to make quick money because they have seen people who hits the jackpot and their lives never remained the same.

Bitcoin is different because is a new technology and bitcoin investment needs patient for one to be able to benefit from it. The people who are eager to make quick money will prefer gamble to bitcoin,which take four years for one to make profit. Something new is always hard for people to believe in it easily,it needs a gradual process.

People want fast money that’s why I believe the are jumping into gambling because that’s the only place they know they can make quick money, but most of them are always losing big, just few of them are winning, they don’t know it’s better to hold you bitcoin and have peace than gambling and losing. When gamblers are losing, they are always having believe to win one day. But as a bitcoin investor you need to have patience, if you can’t hold your bitcoin for long term, then you might not really be making profit, but people are always finding it difficult to hold, that’s why most of them always end up gambling. If their is a way you can make quick money from bitcoin, am sure that’s what people will be doing now, but unfortunately their is nothing like that, anyone promising you quick money in bitcoin investment is just trying to scam you.

First of all I wanna say the popularity If you look back a little, you can see that gambling has been around for ages and has been associated with the culture of different people or communities, and in this regard, bitcoin is a new technology that has emerged only a few years ago.
Then in terms of accessibility, gambling is easier than Bitcoin, there are many people in the world who are ignorant about technology but are involved in gambling because they can join here even if they don't have much knowledge about technology. Moreover, Cryptocurrency or Bitcoin has been kept illegal or banned in many countries of the world. In this case too, an obstacle has been created for bitcoin.
Moreover gambling is used for entertainment purposes and on the other hand Bitcoin is an investment side, and not everyone investors.
Risk is everywhere but I won't think that there is any compare should be on gambling and Bitcoin because these two things are different. Even then I from my personal viewpoint gambling is most and more risky from anything, yes it's true that gambling can take a big amount of profit in a short-time and it can be also take your funds in a short-time. And on the others hand if I talk about bitcoin it's a secure place for investment and if you invest in it on a right time(like now cz it's on a good now still) then it will guarantee that you can gain some good profit from it.

With the rise of online crypto casinos, more and more people are also discovering these online gambling sites.
Most people are familiar with gambling, whether it is offline or online, whereas, bitcoin investments is not for all.
As you said, gambling has been here since humanity existed, so it is no rocket science why people know how to gamble rather than invest in a new digital currency.
Besides, most of these online casinos accept small amount of deposits like $5-10, so for them, they can already have some fund with that amount of money.

It's because gambling bring a different feeling to individuals, there is adrenaline that you feel in the body when you play especially if you are winning big. And obviously gambling has been with humans ever since so it's like it is engrain to us whether we like it or not. And there are individuals who like to have quick money, so instead of investing and having this kind of waiting game for bitcoin like when is the next bull run to make huge profits etc, they will just throw their money on gambling. Maybe there are gamblers here who plays and then invest on BTC at the same time.

It's not about the risks but more so on entertainment and excitement you get from gambling let's admit it if you get lucky from gambling you can win ten times or even higher of investment or bankroll in one session before Bitcoin comes into existence, it already popular and casino platform are already making huge profit, its accepted openly in many countries compared to Bitcoin where even if they allow it to be traded its under strict regulation, government don't want people losing their money from investing but they are ok with people losing money in gambling because they believe this is the entertainment they got from gambling platform.
Both Bitcoin and casinos benefited from each other, they made each one popular Although investing in Bitcoin has less risk than gambling, gambling satisfies our human needs to be entertained.

Think about it, there are many gambling casinos and platforms that are running various promotional campaigns promoting gambling whether offline or online with them. This is not the same for bitcoins that it's promotion cannot compare. Also check the attractiveness, in gambling, play with a small money and you can win big, in Bitcoins, you need to constantly invest. Also  habits like gambling which can be addictive are more easily adopted than the good habits like investing, so it will have more fans.

What the fuck its this thread? And why you compared those two things?.

Its like i said, why porn its growing more than 5g tecnology?.

And man one its previous than the other and also they can rely on the new one to keep moving.

You are comparing apples and oranges here.  Bitcoin is a digital decentralized cryptocurrency which utilizes the blockchain to process it's transactions, gambling is...not that.  Sure buying bitcoin could be considered "gambling", but no different in the sense that buying a companies stock on the Nasdaq is gambling. 

It also seems governments are more comfortable with people blowing their money with them via gambling, then by "investing" it in a decentralized currency that could/might revolutionize the way money works.

Well, the reason is very easy my friend, investing in bitcoin is sure of a lesser risk than gambling, but think of a situation where you need some money immediately to sort out life pressing issues, investing in bitcoin can not solve that for you because after investing, you will have to wait for days, weeks, months or even years for the price of bitcoin to increase so you could sell and make some profit.

But in gambling, the outcome of your investment is seen immediately just by clicking a button, for example, when playing slot games, after clicking the spin button, you see the outcome of your bet in less than five seconds. In sports betting, you also have the liberty of choosing and betting only on games that are being played at that moment, so that it only takes less than 2 hours to see the outcome of your investment, whether it be a loss or a gain, this is why many are interested in gambling.

^Definitely right and a simple answer but it was answered the whole question.
Gambling involves games of chance or wagering on uncertain outcomes, typically in the context of casinos, betting platforms, or lotteries. Unlike BTC, gambling is not a form of investment but rather a form of entertainment, where individuals take risks in the hope of winning rewards. It is nonsense if you will compare them because they belong to different categories and have different underlying purposes. While some of us will probably consider buying BTC as a speculative investment akin to gambling, the mechanics and objectives of each activity remain distinct.

You're pitting something that's been here since we learned how to count and use money, against a currency that's only been here for more than a decade. From there you'd realize the disparity between the two. Plus, Gambling is a staple house term that is known by everyone no matter the nationality. Bitcoin is just on its way of being one, you go inside your house and tell your mom that you want to gamble, see how her face contorts in dismay lmao, now tell her that you want to buy bitcoin, and watch how she reacts. Nine times out of ten she'd ask you what the hell's a bitcoin and that alone is the reason why gambling has more audience than bitcoin. You're basically comparing apples and oranges out here brother.

The answer is quite simple: gambling has been in existence for over centuries before bitcoin.
Also, gambling despite the age limit attached to it it doesn't demands you to have much amount to start with. For as much as a cent you can use to engage into gambling among yourselves be it online gambling or offline among guys.

You don't necessarily have to learn gambling before starting you just need to make up your mind and there you go. But for Bitcoin different is the case you have to learn so well how to trade or invest before kick-starting and so many people don't have the luxury of time to reading. Etc

I'm confused why someone always come up with these ideas and comparison to Bitcoin despite that these things are likeable and have people that understands it well.

Gambling is there when Bitcoin wasn't there so that's an answer why it has got more fans.

I am not sure if saying "fans" is the right term on it as if there's a competition between them but this topic is quite off to discuss IMO.

Buying anything can also be considered as gambling and that is only as a term, not entirely gambling. when people compare Bitcoin and gambling, it will be a different thing. out of nowhere they got the idea to compare Apples and oranges with different types of fruit. gambling would be a good place for the government to tax gambling because it would generate huge profits over decentralized Bitcoin and would not provide as much revenue because they do not have total control.

I don't think gambling is leading instead of Bitcoin. If you say there are more gambling ads than bitcoin ads, I would agree.
Bitcoin is not the same I gambling they are totally two different things. It is just like oil and water. Bitcoin is like an investment with carries massive risks and there are ways to mitigate these risks. However, gambling is not an investment. It is more like a trial by error method to get money. It carries risks but not as significant as bitcoin. The reason for this I repeat is that in gambling it has been programmed that you can almost never win against the house whereas, this is not the case with bitcoin where you success depends on you.

Actually we can not deny the fact that nowadays gambling is one of the biggest Industry as we all know  that every country involve in gambling while if we talk about cryptocurrency some country prohibited Thier netizen to involved in the crypto world because they  not accepting Bitcoin.
And also like what other said above Bitcoin is  for an investment while gambling is for entertaining so for sure there are many people choose gambling than Crypto.

Many people have begun to choose bitcoin for gambling. To have privacy with their gambling activities people start using cryptocurrencies and the same drives them towards investment and other forms of money making. In such way more people have come into bitcoin leaving gambling. So, it is all about the understanding and the learning people get through the gambling activities as well as bitcoin as an investment.

One reason is that gambling had been around since ancient times while Bitcoin is just around for a little more than a decade.  Comparing the exposure of the two, gambling is exposed longer than Bitcoin and had been in the industry even before we are born.  So it is not surprising that gambling gains more fans than Bitcoin.  Besides, gambling is created for entertainment while Bitcoin is created to bypass the third-party financial institution while transferring funds.  They have different purposes and gambling purpose is more interesting for the majority of people than what bitcoin offers.

The comparison is not appropriate. Gambling and crypto are in different stages.

Aside from that, people also have different preferences. We can't just force or lure people into crypto even how far we explained to them the technical aspect of it and the promising good returns in terms of considering crypto as an investment. Gambling in general can somehow considered a form of entertainment and there is no doubt that if such a thing is entertaining, more people will be hooked on it - a social community.

Don't take it too much technical. The level of risks has really nothing to do with why people are mostly gambling instead of investing or taking part in crypto.

Even the comparison is not right because there are more BitcoinBTC users as compared to those who use Bitcoin for gambling. The use cases for bitcoin are not limited to gambling however currently gambling is one business that widely uses cryptocurrencies and bitcoin.


To conclude, bitcoin is a payment method used in gambling. We can compare the different payment methods used in gambling but we cannot compare gambling with a payment method.

It's due to their lack of knowledge of BTC or cryptocurrency. They consider cryptocurrency to be a scam investment. Many people in my country still do not believe in crypto investment at this age. While they use online gambling sites that use our local currency and can deposit using a digital wallet. Some don't care if the site is new as long as it is supported by an influencer. Maybe, for them, it's more realistic than crypto.

Agree, no one can compare the payment method in the form of Bitcoin with gambling because the two clearly have different uses.
Bitcoin is an asset that has high value and is clearly different from gambling which is an industry for doing business and also for someone to seek pleasure or multiply their money.
I don't know why such a question exists. :D

It is really an unfair comparison so definitely there is no answer to say whether the risk involved in bitcoin is higher or it is in gambling.

The reason why the adoption of gambling is rapid is because of the evolution of the internet just as social media, youtube, online degrees, and importantly jobs which clearly insist that everything that has been done traditionally is getting replaced by the internet in the way people are liking it.

Both are already popular in their niche, gambling in entertainment portals and Bitcoin in investment and innovation technology industries both are gaining more followers is just so happens that gambling is with us since time immemorial and almost all people from this world have gambled or will gamble, there are countries where gambling is accepted and regulated but Bitcoin is banned, and there are countries where Bitcoin and the same time gambling is popular.
Another one is the industry they belong, there are more gamblers now than Bitcoin investors.
Here in our place, many do not know Bitcoin yet but almost everyone bets daily or bets once a week.

Sorry to say, but OP, you've got such a porrige in your head. You compare two totally different things, and add ingredients like gambling age and investment...

At first, why you think gambling is leading? Because we have gambling signatures all around the forum? Because you see more gambling ads around? Because the number of gambling casinos grow?  Go to any vehicle related forum and you see that only few knows what is crypto, and a dozen gambles, but thousands talk about which oil brand to use. Whole question is strange. You compare emotions with technology? I can ask you the same, "why laughing has more fans than rain?"

I dont know why Bitcoin is less popular than gambling. Maybe if we think that gambling is sort of a sin or evil is much older, it can get more attention, than a technology that has appeared 10-15 years ago?

It's because people are greedy, they choose to gamble because the chance you would double your money is faster than you trade or invest in Bitcoin, although we're know in the end people are losing when they keep gambling for long time. But your question isn't make any sense as someone can use Bitcoin to gamble, if they're gamble using Bitcoin, isn't they already adopt Bitcoin too?

Comparing Gambling and Bitcoin is like comparing Gambling to traditional assets such as Gold. Bitcoin is an asset where people invest, use them for various purposes such as paying for goods on the internet and so on. But Gambling is a form of entertainment where you can gamble and either win or lose. Gambling additionally has a lot more risks associated where the possibility of the casino favoring the house is higher than a gambler.

Gambling can be compared with trading of altcoins/shitcoins where you just throw a few bucks onto some memecoins and wait for them to pump or dump while the fundamentals are completely negligible and on top of that, you can make or lose a shit ton of money on both.

IMO buying memecoins can be considered as gambling as I have stated above since the very next day or week, they can go down significantly lower or higher. Bitcoin is slowly becoming a matured and low-volatile asset and the possibilities of Bitcoin never rising up to new ATHs are near to zero.

Nowadays, web3 companies are offering their worthless shitcoins in exchange for a stock in their company just like how SBF scammed the majority of the investors by creating FTT out of thin air  ;D

That is because most people are not happy with just buying a certain amount of Bitcoin every month with money they can afford to do so as it does not give the person the adrenaline that gambling gives.This is of course wrong but that is how it is for the moment with people loving to gamble their money for more money and gambling is advertised a whole lot more than Bitcoin,streamers in different platforms inciting other users to try their luck by showing the huge wins there of x10.000 or more (which of course they have take a lot of time to achieve it) but viewers do not see this and as such they go and try their luck.This gives adrenaline and emotion in the beginning and it can become sadness and rage when you lose money yet people continue to gamble.

Of course it is much wiser to put the money you gamble in buying even the lowest amount of Bitcoin every week or month as this way you are preparing for the future but unfortunately very few people do this.

To me, Bitcoin or forex are just tools for us to use, and both can be considered gambling if we use them like gambling. I mean, if we enter trades or invest in them without any knowledge, it is no different than we are gambling. The line between gambling and investing is very thin and it all depends on how we use them.

You are right, each market has its pros and cons, it is not possible because we are investing in bitcoin that we can say spreading misinformation about another market. But many people become evil and always speak badly of what they think is not good for them or that they cannot make money from it. I am a bitcoin investor, but I like being realistic and fair.

We all know that most of us want challenges and thrill and it could be found in gambling. There are also people who are buying Bitcoin while gambling at the same time. It's just that some people usually want a fast result which they could find in gambling. Bitcoin is worth holding in the long run and while waiting for the bull season, most of us focus on gambling just to see good results while others seek entertainment on it and avail the bonuses and promotions that each casino is running.
However, Bitcoin isn't comparable to gambling since they both have different functions and risks. We can do both investing and gambling at the same time especially if we're smart enough to deal with all the risks.

Actually, if we reflect on the source you provided, of course there is a paragraph that says the difference between gambling and cryptocurrency so in this case there is no such thing as a comparison because things like this cannot be compared.
Gambling even though it deals with money but we all know the risk there is greater because it is only based on luck and some of us also realize when talking about gambling then in this case we will only see in terms of the pleasure aspect.
Unlike bitcoin which is indeed an investment asset and this is not based on luck because we also know that for bitcoin obviously we have a strategy and several different views related to better future progress.

Everyone is familiar with gambling, which has been around since the beginning of time. While bitcoin is gaining popularity, it cannot be compared to gambling, which has been around since the beginning of time. Other than gambling, which is unreliable and has a risky outcome, Bitcoin has remained the ultimate solid project with good earnings. Individuals tend to fall into the gambling category since it is very easy and seamless to put a wager on games, as opposed to trading, which might take a long time depending on the project road map.

I don't think you can fairly compare Bitcoin holding with an activity such as gambling, it is rather a off-context comparison.
On one hand, Bitcoin is very new, it was launched less than two decades ago, while gambling has been part of humanity since the beginning of civilization.

Also, your post implies that having Bitcoin or holding Bitcoin is close to gambling, when it is not true, depending whom you ask Bitcoin is either a currency, an asset or an investment, ect. While gambling will always be what it is, complete and explicit risk for the sake of profit, it goes beyond volatility.

Yes, Gambling with bitcoin is different, so I think it is unethical to have a comparison in this regard, because gambling offers easy profits and doesn't take much time in the process, even though the probability is only 10% to win, and in bitcoin you need time to be able to benefit from it.
And it's true that bitcoin hasn't been around for a long time, so few people like it, the adoption rate is still small, and gambling has been practiced a lot, even in remote villages.

Honestly it depends on the owner of the bitcoin itself, including like you have FIAT in your bank account, if you want to make a deposit into gambling, maybe you can say the same thing, closer to gambling, because as we know that bitcoin is a tool for transactions, and gambling platforms accept it, so I think it's the same thing and doesn't mean that bitcoin holders are closer to gambling.

You don't expect everyone to invest in Bitcoin like gambling. Gambling is very different from Bitcoin investment and many people are still far away from cryptocurrency that is why Bitcoin is gaining adoption gradually and we can not compare it with gambling that had been in existence for a very long time before now. Bitcoin was founded in 2010 which is just about 13 years now in existence. Gambling had been there since centuries making people to make money by betting in there favorite sport or game that they love to play and if they win they are going to make profits from it.

Yep, because gambling exist even before bitcoin and other tokens that are available in the market. And it will now available thru crypto and it is adopted and can be played using different coins and tokens so it is more well known but we should not compare these two since it is different from each other and also not all gamblers are into crypto likewise to bitcoin to gambling.

Lol where did you get that gambling gaining more fans than Bitcoin? The only reason why gambling is such a big business is because even the ultra rich are gamblers and the amounts they gamble dwarves the amounts that "regular people" gamble. And with a house edge which pretty much guarantees that house wins most of the time, the profits are insane. But that does not mean that a lot of people are gambling fans. If anything, gambling is just a human activity, intrinsic to the human condition.

All in all, if you consider popularity, Bitcoin is better known in the world than any casino. In fact, I think most people have no idea what the top 3 casinos in the world are, and do not care about finding out.

Bitcoin, on the other hand. Ask a random person about Bitcoin. More than half the time, they will know about Bitcoin. Many times they even own Bitcoin, themselves.

Even without BTC people are already gambling but there could be a little truth to what you are saying. Because there is a reason to gamble for a cryptocurrency investors and a crypto wanna be investor. I think are lot of people also in this forum was once just an investor and just as reading this active forum somehow they were tempted to bet on some games.

I have to say there is a reason to gamble since you can win BTC while if you gamble in fiat you only earn fiat.

It should not be surprising at all, bitcoin is an investment and something good you can do for your future, while gambling is a form of entertainment, if you take the time to look around you will realize that when people are forced to take a choice they will for the most part take the short term entertainment option over something which could be good for them over the long term, so even if bitcoin can help people to achieve financial freedom in a few decades, gambling in theory could offer this in seconds if you win a big jackpot, and as such people prefer it over bitcoin.

Its interesting, but its not splitting atoms or renaming Pluto. Gambling and investing include risk and reward. However, Bitcoin investment risk/reward differs from gambling.

Bitcoin gambling and investing are financial opposites. While "getting rich quick" may inspire jealousy and terror, gambling has a bigger risk of losing than investing. Mathematically, gambling is pessimistic.

Bitcoin is like a toddler learning to walk, while gambling has run marathons for generations. Bitcoin's use on gambling platforms doesn't mean they're fundamentally related.

Gambling is not a new thing in this world as gambling activities date back all the way to 15th century and I think it might be even older but bitcoin is just a newbie according to forum rank and comparing the two would be like the clash between David and Goliath in the holy scripture, one was very mighty and the little but yet so strong and actually prevail when it comes to importance just like the way bitcoin prevails over gambling interns of benefit to human.

It's even strange to me for OP to have raised this kind of topic because OP should know very well that Bitcoin is some new technology compared to gambling, which has been around for centuries now. Perhaps if we are even classifying gambling, I think it falls under the category of entertainment, which is generally popular. For Bitcoin, it is classified under investment, and there are many forms of investment systems. Bitcoin is also new compared to the other means of investment that have been used in the past, when Bitcoin was not yet in the picture.
The question should be, between entertainment and new technology, which goes more viral? I think it's entertainment.

You are right bitcoin is still early and just little people knows about bitcoin, but even as bitcoin is still early, we can see that the rate at which people are still investing in bitcoin is still kind of encouraging, am sure in the next few years, by then am sure attention will be shifted from gambling to bitcoin, because lots of gamblers don’t really know much about bitcoin yet, whenever most of them discover bitcoin, and they know that they can make money by investing in bitcoin for a long time, or trade bitcoin, and the risk is low compare to gambling, then am sure their attention will be shifting from gambling to bitcoin, but we have to keep on creating more awareness about bitcoin.

Because they think (with gambling) they can make money fast than investing in Bitcoin. In fact yes, When people invest in Bitcoin, they waited at least 4 years to get maximum profit (if they don't trade it daily), In gambling they can do it in minutes (when playing slot or any multiple-game board). Gambling can make their wishes come true, they can make 1 satoshi to 100 satoshi in few minutes. While invest in bitcoin, they have to wait for about more years than play in slot.

I think that is because both of them has a risk but the risk in pure gambling is big than in stocks and gold. Even the risk of stocks and gold is also much lesser compared to Bitcoin because there are less volatile and are already legally accepted for more many years worldwide.

In school, we have economics subject so investments are being tackled there sometimes but I don't think gambling are being taught in school as gambling have gained a bad reputation due to what it can cause to a person if they are a little weak mentally and emotionally. Investing is not hard but it's kind a boring so people usually go for gambling. Gambling is still a separate activity so both should not be compared to each other.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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 :D

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

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.

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.

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.

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.

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.

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

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.

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.


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.

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.

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.

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.

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.


And it's a personal preference. Both have potential to make a lot of money by just one click.

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.

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?


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.

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.

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.

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.

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.

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.

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.

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.

Trading bitcoin can also be very exciting, after all if you bought bitcoin for a cheap price and then months later bitcoin has grown incredibly fast since the bull market finally came then this can be an exhilarating feeling, and if anything the excitement can be many times higher than what you can achieve with gambling, because when it comes to gambling the amounts we have to use are small, while the amounts we use to trade are much higher as our savings are on the line.

But this is not even supposed to bother you, Is it??.(rhetorical anyways)
Gambling, as y'all Know can make the needy rich incontinently without much questionings... And also, for the very fact that it doesn't even take much time to enrich these set of peeps, they've grown apathetic overtime on cryptographical ideas and the essence of Bitcoin as a store of value, talk more of means to make funds from it...
Bitcoin doesn't yield immediate results the way anyone would want it to...and sometimes, things don't even seem to work on your behalf.
P/s: I wasn't also expecting anyone to have conceive yet again, the idea of comparing Bitcoin to gambling... They aren't compatible in anyway.

Sandra 🧑‍🦰

This is not an apple to apple comparison. You are comparing apples with oranges. Bitcoin is a decentralized currency, which can be used as an investment and also as a store of value. Gambling is a hobby or sport, and it has no similarity with Bitcoin. A lot of people makes this comparison, because they believe that investing in Bitcoin is very risky and therefore it should be treated similar to the risk from gambling. And a lot of us doesn't agree with that argument. For us, putting our money in Bitcoin is a high-risk high-return investment.

Why is Gamble gaining more fans than Bitcoin?

• Not all countries has a ban/crackdown on bitcoin.
• You can gamble for fun with the hope to make money. You can't just invest in bitcoin for fun you need to plan properly.
• The gambling industry is growing and has been since 2009 when bitcoin was created by Satoshi.
• Gambling offers more pleasure(immediate gratification) than holding bitcoin.
• Gambling is easy and requires you to be less security conscious than investing in bitcoin
• People who may not prefer to gamble may prefer to invest in other assets like real estate than bitcoin

And when we lose playing gambling using bitcoin, it is clear that we suffer losses because we lose some bitcoins, which are not easy for us to recover from. And this is why people have to change their minds about not using their bitcoins too often and choose to use altcoins for gambling. Besides having low transaction fees, altcoin prices are also not very high compared to bitcoin prices. And when gambling, the minimum bet for using altcoins is different so they can avoid big losses. But when they experience defeat in using bitcoin, it will hurt. But for now, bitcoin is better known and popular because people already know the uses of bitcoin other than gambling, so some of them use bitcoin as an investment instead of using it for gambling.

Yes after buying bitcoins that time is very fun when bitcoins grow fast and profit fast. But it is not much fun when it has to be long time haul but again that moment is very happy when a big profit is made after long time hold. But gambling is always fun if we aim to enjoy gambling.  But gambling is not much fun when there is a loss if it is for income. But both are great fun but no two are alike.  Different types of fun are available from both

As far as I know, the world of gambling didn't have many fans, only certain people liked to gamble.
as time goes by, with today's sophisticated technology and in addition to the gambling industry, many are using deposit and withdrawal methods with crypto as it is today, things will happen as you can imagine right now.

Actually it's not gambling that many fans, on the contrary Bitcoin is a lot of fans, with Bitcoin gambling it's easier to bet on, having $ 10 currency in Bitcoin you can already bet, that's all regardless of all the risks, if you talk about risk, of course gambling is a bigger risk than Bitcoin, but because many fans are caused by the convenience of Bitcoin in making transactions rather than fiat.

I understand that gambling has been around a long time. Apart from the point of duration of time that both have been around, gambling is more of direct reach to the people. Like if you bet you either lose or you profit, straight and direct process but in comparison with bitcoin, you won't say the same of it.

For Bitcoin you have to buy to invest, hodl , open a wallet, wait for increase before profit but gambling is totally different from that.

Both gambling and Bitcoin are two different things; gambling is something that people do and it has been around for centuries because people like doing it even if it causes them money and it has an addiction, as well which makes people get involved more often. On the other hand, Bitcoin is a cryptocurrency that has functionalities of its own but it is not something related to Bitcoin other than the fact that it can also be used for gambling purposes just like fiat.

So gambling has always had more fans because it has been there when there was no Bitcoin, but after Bitcoin came into being, people started creating casino platforms that accepted Bitcoin as a currency to be used for gambling, so more people started gambling using Bitcoin, and there should be no surprise if gambling has more fans than Bitcoin because it has been around for a much longer time.

gambling and Bitcoin both have two opposing sides. Some people like gambling and some don't. Likewise, with Bitcoin, there are those who like it and some who don't.
those who enjoy both of course feel how pleasure can be obtained from gambling and also Bitcoin. but nevertheless, gambling has a very long history in human civilization. even long before there were online casinos. Many people come to offline casinos to gamble. and even with simple gambling, we can do with people watching the game.

According to my understanding both Gambling and Bitcoin investment are risky. Gambling is not that new if you compared it with Bitcoin and gambling is basically a game played for entertainment. As Bitcoin is new to the world when we compare it with gambling there is a belief that the risk of losing money in Bitcoin investment is high than in gambling. Another point that I think is relevant to your topic is the rise of crypto casinos and the downfall of fiat casinos.

As we all know during the pandemic gamblers started shifting from traditional casinos, and online casinos to crypto casinos because of anonymity, security, speed, and convenience. This trend has been increasing as gamblers have started investing in their favorite cryptocurrency for gambling. That being said it does not mean they are buying Bitcoin for gambling as apart from Bitcoin their other crypto is available in these casinos. Why are they avoiding Bitcoin simply because of its volatility?

If I understood you correctly, what you meant is that gambling always give an instant results be it good or bad. Unlike bitcoin that may take months and even years to give results.
In this case the excitement and entertainment lies with gambling because of the short duration of time to give results.
Although people that are into day-trading could also have short duration of time to make profit or loss but then there might not be some kind of excitement like sports betting that is associated with bitcoin investment that will give such entertainment and excitement.

Gambling give a instant result it is not good like bitcoin long holding and late result but instant result from gambling give us fun and entertainment. but late result from bitcoin is give us a good money return that's why we can't think bitcoin and gambling is same. i am again telling this line is bitcoin and gambling provide us a different fun.  There is excitement in gambling which gives us a lot of pleasure and also makes us sad when we lose a large amount from gambling. But we don't feel sad even if we lose on Bitcoin because there is a possibility and opportunity to recover it again. so that which has more joy also has more sorrow

Gambling as an abstract concept is probably as old as humans, after all we do not need a casino to gamble, before casinos even existed the only thing you needed to gamble was to challenge someone else to a match and put a wager forward, and while not very sophisticated there is little doubt in my mind that this is a form of gambling in which almost everyone has participated one way or another during our lives.

Gambling is also easier understood by people in general than Bitcoin, because it's already part of their culture and tradition since a long ago, therefore people have contact with gambling probably since their childhood. And with contact with gambling I don't mean access to physical or online casinos, but to daily plays which involve betting on some events that may occur along the day and on determined situations. That gives people a good notion of gambling and get them familiarized with this, so when they grow older, it will be a piece of cake to join a casino and start playing.

With Bitcoin, on the other hand, people may get aware about it only during their adulthood, so they will have more difficulties familiarizing with this.

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.

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.

Basically boils down to the fact that gambling has been a more prevalent concept than bitcoin which only came into being in 2009. OP wanted to understand why that was the case, to the point that even bitcoin and cryptocurrencies see gambling institutions being built to accommodate for cryptocurrency users who wanted to gamble. All in all she has a point but it's not because bitcoin is lagging behind or that it's an inferior concept than gambling. It's just that gambling has been here for longer, since thousands of years ago mind you, and thus it has embedded itself in the heart of the society that there were even cases where children learn how to count through gambling rather than formal education. No need to compare these two schools of thought as I said in my previous post, but OP has a valid question that warranted a valid answer.

Perhaps, the most obvious difference between some activity Wich is gambling and other which could not be gambling, it would be the risk and the percentage of the money you could lose if you do not get a favorable result.

In the case of Bitcoin or other major altcoin, even with their natural volatility, it is very unlikely one could lose the 100% of the money. On the other hand, when we talk about classical gambling games it is usually all or nothing.

If an invested is some kind of all-or-nothing, then it is gambling, as we usually see with shitcoins.

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.

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.

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.

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.

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.

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...

      -    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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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.

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.

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.

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.

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

The gambling before the human civilization was not the organised one,it's like betting on the certain action or activity based on the probability.Sometimes it was like the ability of person to complete the task,which is very hard for the normal people to complete the task.Then the gambling was made with huge technology update and start with the cards the gambling in the offline mode.Then the gambling was started their service in the online mode.So the participants to the particular website was from all over the world.


Gambling is based on the prediction of the exact option which help us to win,but btcoin the same manner.We should find the exact price to start the buy option of cryptocurency.The gambling website will allow us to do the fast deposit and withdrawal.So this made the gambling website more popular to other gambling website,we should find the good exchange to by the bitcoin and hold the money.

So this means that gambling had been advertised even before the human civilization since you stated that gambling existed that way.  This only means that we should not compare the popularity of Bitcoin to gambling because it is a no-brainer that gambling will have more fans and can accumulate more fans because gambling has been around for so long even before Bitcoin is created.


Come again? I got confused when you stated because gambling is based on the prediction of the exact option, it help us to win... and Bitcoin doing the same. I got confused reading this.

Anyway Bitcoin as a young industry against gambling which is an ancient Industry, we should not be surprise if Gambling beats Bitcoin to pupl in terms of acquiring new comers, besides gambling activities is addictive while Bitcoin is not.

There are several reasons.
1. Gambling existed earlier than Bitcoin
2. Gambling always promises extraordinary results, once the promotion (even though the reality is quite the opposite)
3. Gambling is like addiction, once it's entered, it will make you curious
4. Sometimes the environment also influences gambling activities and desires. Meanwhile in Bitcoin, this rarely happens.
5. Gambling is probably more well-known than Bitcoin. But I believe that it is only a matter of time. The longer it is, the more people will know and want to enter Bitcoin.
6. Many people think that Bitcoin is uncertain and unreal, so they don't believe in Bitcoin because Bitcoin is full of risks. Meanwhile, they are in the goats, where the risk is also very high, right? It's too cute to compare
And there are probably still several specific reasons why this happens often in the real life.

As most people have mentioned it is the lack of understanding about bitcoin that makes gambling superior to it. People have much used to the term gambling, and they're not much user to the word bitcoin. With time people will get better understanding when they start exploring more about bitcoin and gambling. There is also some mix-up among the people that bitcoin is gambling and bitcoin is for gambling. These are just the misunderstanding that could deviate people towards a different track. This can be overcome only through the knowledge we acquire relative to bitcoin and gambling. One of the biggest reason is the quick money making possibility against the long holding for people's increased interest over gambling.

Yeah, gambling is not that complicated like Bitcoin can be to everyone. As a kid everyone has experienced gambling in one way or the other. Bitcoin came into existence a decade back and most of the humanity still doesn't know that Bitcoin exist.  Whereas if you ask about gambling to anyone on the street they would know about it. Although you wouldn't hear anything good about it. Comparing both doesn't make any sense for me. This is like comparing Bitcoin with gold wherein both are different entities.

You are right that bitcoin is technically more complicated but it can be as simple as the user wants it to be. Proportionally simple to the effort the user wants to make to understand it. Some people buy bitcoin because it is fashionable, because they have seen an influencer talking about it or because the price has broken ATH, without stopping to think more about features such as decentralisation and limited supply. In the same way, this type of user bets without having a deep understanding of odds, House Edge and Expected Value. Although the user who does not make an effort to acquire knowledge in both areas usually loses money on both.

from these two statements I have thoughts instead of comparing if gambling is actually better known in an easy way they only need to bring money to bet where they want or in slot games that only press the spin button or sports betting and place bet on underdog team. but for bitcoin or bitcoin investment we have to know what is the price of ATH and what is the current price or in other words we have to analyze before buying as it is a little more complicated than gambling.
but actually the two are very different because the way they work is also different even though there is still a related between luck but actually bitcoin is closer to gold than gambling. and this is just my opinion.

It depends on how they want to know bitcoin. If they just want to know how to trade bitcoins, that's enough for them, and there's no need to know or learn more. But if they want to know how the price of bitcoin can fluctuate more, they need to find out by studying the right sources. Whereas gambling has been with us for a long time, almost everyone has played gambling. And the presence of bitcoin as the currency of choice gives them the freedom to use online crypto gambling so they can have more choices in playing gambling. But gambling does have its fans because many people have loved it for a long time.

I agree with you that it does not really the most sense to compare bitcoin and gambling, as gambling is something you do just for the fun of it, or at least that is supposed to be its main function, while bitcoin is money and also a network which allow you to make payments all over the world, and due to its scarce nature it is also serving as an investment and speculation vehicle for those that want to make money on the short and long term.

Oh!!

Well...
... It will be because one thing has nothing to do directly with the other, therefore, one should not be the scale of the other.

One can make comparisons in the sense that investment or entrepreneurs opt for casinos as a crypto business, but falling into the dilemma that people prefer to gamble rather than buy bitcoin results in a lack of reliable comparison.

An equivalence that occurs to me is to think that people decide to bet on soccer and not play it recreationally.  I hope you understand at least my point of view.

Exactly, most people know what gambling is but there are already a lot of people who don't know what bitcoin is, that's why gambling is gaining more fans than bitcoin imo. Bitcoin can be a bit complicated for them, while gambling is relatively easy to understand. Additionally, it's important not to directly compare the two as they are very different from each other. Gambling is a way to potentially earn money mostly based on pure luck while bitcoin is a crypto that has the potential to make you rich if you invest a huge amount of money in it over a long term period.

The thing is that gambling would definitely have more fans than Bitcoin because it have been dated far back even before our forefathers have had several forms of gambling and passed it on for generations till it got to the present time and have been enhanced by technology by creating online platforms where people can bet comfortable at various areas with their devices and it would remain so for more generations to come and for the fact that majority of people see it as a means of having fun while earning would even make it more attractive than Bitcoin.
 Whereas Bitcoin is just the new evolution of money that's present in our own generation and was only created  in 2009 and currently adopted by few in several continents, the information of bitcoin is know to few people around the world making it less popular to gambling and the fact there's only one or two countries in the whole world that's made it a legal tender is enough to say that Bitcoin might be known by many but used by few people worldwide.

People are more interested in gambling than Bitcoin. Although gambling has more ricks than investing in bitcoins, people are developing a form of gambling addiction. If you are involved in gambling then you will have the possibility of both profit or loss but if you invest in bitcoin you will definitely have profit but you have to wait for long time to get that profit. Of course in gambling you don't have to wait long to get that profit but if you invest in gambling then your capital will likely be zero but in case of Bitcoin your worth will never be zero.

Casinos have a great visual appeal, they are interesting, they are attractive, they are extremely addictive and with a high capacity for entertainment.
Betting on Bitcoin, the most "exciting" will be working with day-trading and leveraged investing, but it will still not be as pleasurable as a casino game.
For this "simple" reason, gambling attracts many more people than Bitcoin itself.

However, I don't blame people for this, I blame anyone who tries to make a comparison between gambling and an investment currency like Bitcoin, as these are completely different things (although they are directly linked) and should be used for different purposes:
Bitcoin: Investment and long-term gain;
Gambling: Spending money for entertainment in order to TRY to win money.

It is still not guaranteed that if ever you do gambling, you will gain profit in a short period of time because we know that gambling is for fun and not for profit, and most of the time you'll lose. Unlike investment, you have a higher chance of gaining profit, but again, it takes time. The reasons really why people go into gambling are the thrill and fun of it, though that doesn't mean that investing is not fun; it is just kind of like saying that playing basketball is more fun than reading and studying.

They're both risky, just adapt to the one that favours you. Gambling is meant to be triggered at our free time and with no expectations of gaining alot from it. I prefer investing in bitcoin since it is a legitimate and stress-free way to generate earnings that are multiples of what gambling provides. Bitcoin has both saved and drained many lives; it all depends on the strategies we employed to analyze the project. In the area, gambling is ubiquitous and allowed in many countries, unlike bitcoin, which appears to face restrictions and prohibitions from most governments.

Bitcoin is bitcoin and gambling is gambling. Bitcoin is only 1 currency but gambling has many different games to get different type of fun. if you use gambling only for fun then it will give you different type of huge fun but if you use gambling as a source of income and your purpose is only for earn then gambling give you a bad experience without fun. so fun is depend on your purpose. You won't always get fun from gambling but even if you get less fun from Bitcoin it will be long term

The fun I find in gambling is not the fun you get from trading bitcoins. Gambling acts as an addiction. Gambling has a variety of games. Sometimes, if you don't like a game, you can play other games, but do it in bitcoinNo.there are many differences between Bitcoin and gambling. The happiness I find in gambling cannot be found by investing in Bitcoin. Gambling has certain rules and reasons that gamblers must abide by.  There are some people who gamble for free time.

It's just a matter of fans, not the statistics telling whose getting richer on what sector or which between the two gets more successful. From a neutral stand point, trading BTC and asset is way more difficult than gambling. This requires verifications, KYC, before you even trade. Aside that you are also required to study platform functions in which you are able to sell, buy, and transact. It requires not also investment monetary and time. Unlike on gambling, you just need the money to put in and deposit, spin the wheel and let your luck dictate your fortune. Isn't what gambling is more popular?

The pleasure of gambling is different from the pleasure of trading so it may feel different. The pleasure of gambling has nothing to do with bitcoins because bitcoins are used as a stake, in this case, the currency. You can use fiat for betting but it's no fun.

Meanwhile, the popularity of bitcoin has increased along with the influx of many investors who have bought bitcoin. And the popularity between gambling and bitcoin is different because it's not related to each other.

In as much as the main target is getting profit between Bitcoin and Gambling it doesn't mean that Bitcoin can rob shoulders with Gambling they're two different thing. It has been (Gambling ) their before Bitcoin came.
In Gambling you have to get your money immediately you win without any network delay or whatever and you can't wait for your money to raise to a certain standard before you get hold of your money, that's where Gambling gets more fans more than Bitcoin, because it has to do mainly on investment and  you have to choose if you'd like to keep your money or not, and you get to hear stuff like HODLing but you can't see or hear such in Gambling.
So people will always go for Gambling than Bitcoin.

It turns out that after all, the main goal in gambling is to make a profit? :) And then some people here tell me that they gamble for pleasure, fun and other blah. Isn't this another self-deception of losers to hide their losses.

I understood your idea. It turns out that the main factor, when choosing between Bitcoin and Gambling, for people is Gambling in view of the fact that this allows you to make an instant profit (if it was so. because the casino makes a profit, not a players). You are right, there is common sense in these arguments. No one wants to wait years to invest in Bitcoin to make a profit and most will want mountains of gold here and now, which is exactly what gambling gives (illusion). Once again, I am convinced that casinos manipulate on banal human vices, such as greed, impatience, lack of restraint and inability to wait, speaking in the context of the topic under discussion.

That is why gambling is gaining masses of fans.

I don't worry about this anymore, I am glad there are still a few who can notice this.
Well, the sports industry combined with the gambling industry is growing which could be one of the factors on why it's more popular now.
Cryptocurrencies like Bitcoin on the other hand became an asset so there's not much to talk about it, unlike the daily changes in sports rosters, wins, losses, and more.
Then, there's also the growth of online gambling sites, easy access to every gambler, they don't need to ride to the casino because they can do it at home.
A continuous happening can make something popular while the idle one like Bitcoin is still popular although it only happens with big events such as the halving and the ETF case.

While betting can provide a fast rush of excitement, Bitcoin can provide a more calculated sort of risk for some. However, it may be a bit of an exaggeration to suggest that purchasing Bitcoin causes no anxiety.

Its not a picnic to put your money into Bitcoin, or any other cryptocurrency. The stress is exacerbated by the volatile market, the unclear regulatory landscape, and the inherent complexities of blockchain technology. While profits may grow exponentially, the associated anxiety would increase with each market downturn.

As for the topic of government oversight, please dont even bring it up. Of course, some nations have taken a hard line on Bitcoin, but that hasn't made things easy for gamblers. Problem gamblers already endure social stigma, legal barriers, and a lack of acceptance. Try to assume that there are stresses and constraints associated with any path.

The two are not something that can be compared, because Bitcoin is a digital currency while gambling is our activity whether to get pleasure or also to be able to get profit, but because at this time Bitcoin is no longer considered just a digital currency but also an investment tool so there are risks attached to Bitcoin, so it can be seen that Bitcoin is the same as gambling which is a risk to lose, but as long as we only use Bitcoin as a means of payment or digital currency for online transactions, there is no risk that we will accept.
Apart from all that, because gambling is more general in nature, and almost all parts of life you can find about gambling, also gambling has existed before Bitcoin so gambling is far more famous than Bitcoin.
As well as many other factors that make gambling more popular than Bitcoin, but it will be difficult to beat the popularity of gambling because everyone on Earth knows about gambling, because there is nothing to learn because human instincts will understand about gambling.

One of the numerous reasons why gambling is getting more popularity than Bitcoin is because it has been around longer. Since gambling has been around for thousands of years, practically everyone in the world is aware of it. Additionally, since it is something that people do everywhere, whether online or off, learning about it is simple because of how frequently they engage in it today. Despite the significant risk of gambling, another reason why it is more popular than Bitcoin is that many nations have not recognized Bitcoin as legal cash.

Again, before investing in bitcoin and aiming for profits, one must go through a learning process; however, in gambling, the learning process is not the same as in bitcoin, where you must learn the buying process, where to buy to avoid scams, the type of wallet that will be beneficial for investing in bitcoin, and so on. However, a lot of people do not want to go through a difficult process to earn money because of human laziness.

And if we need to confirm, many people who are interested in gaining are also those who are anxious to earn money quickly. As a result, many people prefer to take the risk of gambling over that of Bitcoin, even though they are aware that the gambling risk is bigger.

I don't even know why the OP thought that bitcoin and gambling are comparable and it definitely makes no sense to compare it because it is completely a different thing.

Based on what is mentioned above, yes it's true that before bitcoin came into existence, gambling has been with us already since time immemorial and it is also the very same reason why there are a lot more gamblers in this world compared to the ones who actually bought and invested into bitcoin. I mean, there are some people who did both things, but if we are going to compare each other's figures, bitcoin investors doesn't even come close with how many gamblers there are.

Aside from that, and for obvious reasons, there are many gamblers than bitcoin holders because in gambling it is much more easier to make money compared to bitcoin where you need to gather your patience first before you can gain profit. Both doesn't guarantee it but with gambling, it's much easier.

^ Besides being difficult to compare, I’m not so sure it’s even a true statement over a long enough time frame. Bitcoin has gone from nothing to being worth nearly a trillion dollars in just over a decade. Gambling has been around much longer and surely hasn’t kept up with the infinite growth of Bitcoin in the last 15 years. It is a question of metrics.

If a person has a smart approach to investing in Bitcoin, one can get rich in the long run even with the strategy of "buy when the markets panic and sell when the markets are euphoric" and earn much more than in gambling. Many people do not realize the true value of Bitcoin, at the same time you can teach even a child to play slots, dice or other gambling game and they will love it. This is why so many people gamble.

Maybe the thing you said is real,because the both are popular in their demand.The common thing to compare is the popularity and the winning or profit from it.Profit only based the tactics on the both bitcoin and gambling.Bitcoin was the top of the cryptocurrency,So the demand of the coin was long sustain.So the people are ready to the buy the bitcoin for various price for the longer period of time.

Gambling had good number of supporters in the gaming field.Some are oath to loss some money because of the bad luck.But it's not the permanent one,the loss and profit are the common one in the gambling.People learn the gambling with the minimum budget to learn and create some tactics for the game.When compare to the profit from the bitcoin and the gambling,the Gambling will top the table.

There are many causes for choosing gambling. People are involving to gambling because gambling is one kinds of addiction. Some times people win fron gambling and getting profit double. But bitcoin is not gambling here profit and loss is small and long time process. On the other hand gambling is short time process and profit will double or will loss all fund which you will play. People getting gambling as a addiction. When people involved with gambling then he fall with addiction. But bitcoin is standard things not addiction. So adult people day by day involving with gambling.

I just think that it is not that much of a big deal, too many people worry about this, but I feel like whatever happens happens. Yes there are a lot of people who lose money due to gambling becoming bigger, and yes we should help the addiction be done, there are people who lose their lives because of it, they just can't handle the situation and their psychology doesn't really carry it anymore, which causes a lot of trouble for them.

However, this is a free will type of situation, nobody forces anyone to gamble, so legally speaking, making gambling illegal would be terrible, it means that people can't make their own decisions so governments should make a decision for them, it just doesn't really sound reasonable to me at all.

Weird question. Gambling is an ancient reliable and simple business, just like baking bread. Even if there is a total adoption, gambling will still be more popular than bitcoin, and I'm talking not only about investing in bitcoin (there are always much fewer investors than ordinary users), but about all areas of application in general.

that's simple fact that we all know about. so there's no discussion here. gambling will always prevail no matter what currency we have, fiat, crypto or other type of currency. gambling has been with the humankind ever since. currency may evolve into different types, but gambling will always be gambling. so there's no surprise to why gambling is more popular than bitcoin. btc is just one currency that they can use for this type of entertainment.

Comparing who is most fond of Bitcoin or gambling actually doesn't match. Bitcoin is a digital currency which, like Fiat, is used for transactions and gambling is where people place bets. Bitcoins will be used in crypto-enabled gambling as an optional payment from Fiat. it will be suitable if we compare trading instruments such as Futures and gambling, both of them use several opportunities to win.

People anticipates in gambling because it's easier than Bitcoin trading which most people finds to be too complex and complicated. Bitcoin is a digital fiat currency, most governments placed prohibition rules on it simply because they don't want to to entertain any competition with their general currency. Funny as it sounds to watch bitcoin surpassed a country legal tender. While Gambling is common in every country, we just have to stick to the popular ones. Bitcoin is advancing to the next stage but we ate all in got a grab, ready to possessed the solid foundations of the projects.

And gambling will remain while bitcoin is the currency people use to gamble in addition to using fiat. And because bitcoins are more popular than they were a few years ago, people are starting to use them because of the many benefits they can get. Meanwhile, they still gamble in many gambling games and only change the payment type to bitcoin so that bitcoin is also known as a currency for gambling. And gambling is indeed better known than bitcoin. Even long before bitcoin was created, gambling already existed. Even in the past, people gambled on various things so they didn't just stick to currency.

Even if it's real we know that there are some people that are already been fans of traditional gambling that find it convenient to play online as well. As you said we don't have the total statistic but obviously that doesn't really need because we know that gamblers are already there before the invention of bitcoins and most likely they have already been there and are probably already huge in numbers. But bitcoins are making slow progress towards adoption by other countries and surely it will be different stories and bitcoins will show positive news in the future.

Bitcoin versus gold is still a better comparison since both of them can at least be considered assets that can be owned by a person and they both require investment and can provide profits on the investments, but comparing Bitcoin with gambling is something totally out of context and isn't really understandable. Even if we are talking about the number of fans both have, they are totally different things and will surely have different amounts of fans as well.

As you said, gambling has been around for centuries, while Bitcoin is barely a decade and a half old, and gambling is an addictive activity that lures people in since it has the potential to provide significant profits while Bitcoin might be volatile but it doesn't guarantee very high returns on investments.

Yes, I mean gambling is something that can be done even without money as you could bet with your friends that you will do something they want if they win or they can do something you want if you are the one to wins, and when something goes way beyond the realm of money and it can be done with such ease then it is not surprising that gambling is way more popular than bitcoin, especially when gambling in this manner is probably as old as humanity itself and bitcoin has only been around until recently.

That is why such questions are not just incorrect, but one might say manipulative. It will always be possible to say "despite the efforts of the community, even after 20 (30, 40, etc.) years, bitcoin is still much less popular than eating meat"  ;D
If you talk about gambling and bitcoin, then you can talk about the share of bitcoin in gambling (this share always remains very large despite the fact that altcoins have many advantages in some senses).

One reason why he may have said Gambling is gaining vs Bitcoin is that BTC users are getting into casinos after investing. Some of them who had been holding coins for a long time and misses to dump their BTC during the bull run are turning to casinos hoping to profit in gambling instead of trading.

There were articles in the past that BTC was created for gambling which will not last and the hype of BTC will be gone soon. But this conclusion is said by those guys who had not learned the blockchain tech yet.

Yes and some people more prefer to play using traditional casinos because they are comfortable it, also if you will notice most of the traditional gamblers are at the range of old people so it means it is kinda hard for them to get used to gambling in crypto and they are at risk unless they are so techy and they have someone to teach them some things that can help them to understand things.

Its surprising to me that bitcoin already has this huge popularity already, bitcoin was just created in 2009, and within a short period of time it as gain a massive recognition and adoption, just imagine how recognized bitcoin will be in the next maybe 50 to 100 years. Bitcoin was created few years ago and its still growing rapidly, their are some places that those not even know about bitcoin yet, and we all don't just expect everyone to know about bitcoin once, bitcoin adoption is spreading rapidly. Gambling have being in existence for years now that's why it has gotten enough recognition by people.

You are right, the governments are still agint bitcoin, they know that bitcoin cant be control, and we all know the government is always againt anything they dont have control over, thats why they are against bitcoin, but its just a matter of time, sooner or later they wont have choice than to adopt bitcoin. All we want is bitcoin to be a alternative currency and they can still keep on manipulating their fiat currency.

People believe you can easily make quick money in gambling compare to bitcoin, if you are looking for quick money, then bitcoin is not for you because I don't know any way which you can make quick money with bitcoin, but if you can have patience and you are prepared to learn, then you are going to make money in bitcoin, but most people don't have the patience and they are not really ready to read.

  Traditional casinos are more easier with a good reputation especially when it had been in service for a very long time. Those that prefer traditional casinos to  online crypto casinos take that decision because they had been getting results from what they do for many years now. They don't want to fall Victim to the risk of putting fund on online casino and there accounts get locked for one reason or the other. There are also bad casinos too that had made people looking for online casinos to fall in the wrong hands losing there entire deposit and funds.

^ Many people who prefer traditional casinos over online crypto casinos make this choice because they have experienced positive outcomes over the years. One major concern for those opting for traditional casinos is the potential risk associated with online platforms. They fear the possibility of their funds being locked or accounts getting compromised due to various reasons. Such incidents can lead to frustrating experiences and financial losses, which deter them from venturing into online crypto casinos and the presence of bad online casinos adds to the skepticism. These rogue casinos have caused some individuals to fall victim to scams, resulting in the loss of their entire deposits and funds. This negative aspect of online casinos contributes to the preference for traditional establishments, where there is a physical presence and more familiarity in terms of operations. But now, it is different since we have all aware the how to avoid those negative outcomes using online casinos and we are lucky to be here in the forum which always updated.

You are right when you say that and even investing itself can also be considered as gambling because we are staking our money in a volatile asset which has an unpredictable future and whose price is subject to a lot of factors. Before crypto gambling exist, crypto came out first so people already know Bitcoin just before they step in, inside a crypto casino. Some crypto casinos has an invest in bankroll feature and staking and both of them can give us an interest. Fiat is different from Bitcoin, so there will always be people who choose Bitcoin over it or they will choose to play on a crypto casino because it can provide them anonymity.

Well, I really doubt that Bitcoin lovers prefer the game more than Bitcoin itself, Bitcoin is much bigger, and I think there is no dispute, that bitcoin and casinos can be associated because Bbitcoin also represents money, but betting is bigger, betting cannot be bigger, bitcoin also represents more than being able to play, it is money, it is investment, it is market speculation, and all this is from a long time ago, in fact bitcoin has made casinos grow their business even more and that is something that cannot be denied, now we can compare who bets has more followers than bitcoin does not.

Things when it comes to bitcoin since it has a somewhat large value compared to some years that was 300usd 5000usd $10k, $20k, $30k and even a large ath, all of that is daring, if they have come to make comparisons, analogies with Bitcoin and Gold, so the fact that casinos have grown so much is thanks to Bitcoin and cryptocurrencies, because casinos have seen huge growth in volume and everything.

When we begin to evaluate, when we want to play in a crypto casino, the transactions are faster, there is no bank or government entity that tells us yes or no, no, we make the transaction and that's it, instead with that money if the transactions are through transfers, there may be a risk that it does not arrive immediately or it stays there waiting for the transfer, many things can happen, on the other hand with bitcoin or any cryptocurrency it arrives at once, right now many players do not care what I like it is that they are asking for KYC, but it is the only thing, whether or not it comes from regulation, surely nobody likes it.

When I think about casinos, the first thing that at least comes to my mind is that if the casino accepts crypto or other cryptocurrencies, I don't know, but it is easier for me than a casino that uses fiat money, in particular it is It is easier to use crypto and bitcoin than fiat money due to all the rules that exist , in bitcoin the profits or erpdedidas are at once, and if fast money is needed, a simple withdrawal is made and in a matter of seconds our btc is in our wallet, for me that is all that matters, in fiat money it is not like that, but in general terms the casino and this industry have gained more followers because Bitcoin lovers see this type of fun, but therefore bitcoin is the that has Undoubtedly Opened the doors.

It's either that they are already okay with it and choose to socialize in people which is part of the reason why they don't want to change their settings or they are not that open to play in online casinos because it will be a new place for them for which they are not that comfortable to begin with. Overall, it's the people's preference which is why they are choosing traditional over the online casinos or the other way around.

Back to the topic, why is gamble gaining more fans than bitcoin? Answer is simple and so I'll make it simple, there are more gamblers in this world compared to the people who actually invested in bitcoin or other cryptocurrencies in the market.

What you say about Bitcoin being larger, gambling, casinos, and everything else is quite remarkable. Bitcoin generates capital, investment, and conjecture. Its like the heartbeat of the crypto world, and sure, bitcoin has contributed to the expansion of casinos. Bitcoin is similar to a magic wand in the world of online gaming and casinos, correct?

Bitcoin makes everything simple and quick; do you want to gamble in a casino? Your Bitcoin grants you entry as a VIP. Transfers, competing, and winning are all accomplished in a flash! As you mentioned, Bitcoin possesses its enchantment regardless of its value, be it $300 or $30,000. Bitcoin is all about having joy, and that is the truth. Bitcoin is essentially the door key to the casino and this industry. And everyone enjoys keys, correct?

It indeed is a weird question and comparison. I don't understand why would someone compare the fan base of Bitcoin with the fan base of gambling because both of these are totally different things. Gambling is a business that has been around for centuries, there have been changes and upgrades, and updates in all aspects of gambling, but it has been there when there used to be no date, and Bitcoin, on the other hand, is an innovation that is only a decade old yet.

So it shouldn't really be surprising that gambling is gaining more fans than Bitcoin, also after knowing that gambling has a different kind of attraction for gamblers towards it that makes them addicted to it, and Bitcoin is not addictive, it is just a great and useful innovation of today's era.

Really weird because its so different, he can't compare gambling to bitcoin since in first place bitcoin is currency and that one is activity.

Maybe OP overthink to much that's why he come up with those questions that its really hard to connect.

Although gambling exist for so many decades and its just other gambling operator just want to adopt new things that they can use where they cannot get disturb easily by government that's why we can see crypto casino exist because they see how big the potential of bitcoin when they use it as their main currency.

Indeed. Online gambling offers easy access to a wide variety of games and the chance to win big. Still, the downside, it also carries the risk of addiction and potential loss of funds when greediness overpowers. On the other hand, bitcoin attracts people who are more into trading/investing as it offers a decentralized and secure way to make transactions. Still, its value can be volatile, requiring a more profound understanding than gambling. When it comes to online gambling and Bitcoin, there are pros and cons to both. Ultimately, individuals must weigh the risks and benefits before deciding which option to involve themselves.

Yes, that might be it that the OP might've over complicated the situation where-in he did a comparison between bitcoin and gambling when in the first place it's not even comparable. Maybe he thought that somehow it would be comparable because gambling platforms are now taking cryptocurrency as a form of deposit instead of the usual where fiat is needed. Still, it's not really the same because gambling has been with us for a couple of centuries now while bitcoin is still making its name known throughout the world while having the challenge of being banned by other governments.

I think he is using the risk as common factor to base this comparison. Gambling is very risky but still many are interested on it compared to Bitcoin. I believe his question is due to the difference of community while Bitcoin is much more better than gambling in profitability while with same involves risk.

He maybe confused why the people that interested on gambling doesn’t use Bitcoin too. This comparison is really absurd and very hard to understand but thinking that Gambling community is still much larger than Bitcoin holders while you can gamble using Bitcoin is makes me think too.  :D

They serve two completely different functions and taking this into account it becomes incredibly easy to choose between the two as anyone that is looking for some entertainment should pick gambling while anyone that is thinking about increasing their capital should look at bitcoin instead, now this does not mean that you could not have fun with bitcoin, after all it is undeniable that seeing the value of your investment grow during a bull run is very entertaining, but that is not its main function.

Of course, that is a fact, and I am not saying it just because I am a technology enthusiast or I really like bitcoin and partly because I am very optimistic, I say it from the point of view that I have seen the number of doors that are opening bitconi to the world, it is well known that things here can look much better when bitcoin takes the leading role that it is, we have seen that some countries are putting regulations to see if they can access a bit of all the benefits that bitcoin brings bitcoin, the best thing is that bitcoin is not controlled by government agents, banks or third parties, in this truck we see the great relevance it has.

If we look at it from the point of view of history, we have more than 10 relevant years with bitcoin and despite so many attacks that have even been classified as a bubble and among other things, for me when it comes to casinos, sports betting and everything that has to do with this is a plus, why? Pesopnas will always find a way to have fun, sometimes because of what I have said about the problem of fiat money, if you have a credit card and suddenly want to make a deposit to a broker or casino and they reject this type of transaction, I say this properly because it has happened to me, so if I have Bitcoin things are different, because if I need 500usd and I transfer it to bitcoin it is easier to make the transaction, the only way I have to do the lutorization only depends on me, and Yes, it was done, so this is something that makes life much easier for people, now casinos, betting houses have a lot to do with the ease of using casinos, casinos today are more famous thanks to technology bitcoin, of all cryptocurrencies, and that is something that is not denied, however, I am sorry that some users think that casinos are bigger for the fact that they use bitcoin, but if that means that Bitcoin is bigger, then even some very good debates can be held, as long as the adoption is greater.

We sets targets and achieved them, that's how life operates. Bitcoin investment and gambling are two different things, we should try as much as possible to know the differences. Gambling gaining more fans than bitcoin? Oh yeah, because gamble have been in existence from the very start, in the pre-historic era, gamble have always been what triggered most influential and average individuals to gain either hugh profits or losses, depending on which side you're on, but try to be on the winning side, that's basically the only way to enjoy gambling.

While until now, there are still many people who don't know about bitcoin or want to use bitcoin for profit. And that's what makes bitcoin maybe still needs more adoption from people, and when later people start coming and using it, they might see that it turns out that it can be used for gambling. And perhaps they will also start gambling using bitcoins and investing in them. If you want to get big profits, you can try to choose to invest in bitcoin instead of playing gambling using bitcoin. That's because holding bitcoins for a certain period can provide large returns in the future.