Bitcoin Forum

When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Bitcoin can't hurt you not to mention do you any harm if you are the right investor and it has shown this track record since its inception. But gambling, no one needs anyone to tell them that gambling has harmed many already, especially if they do not apply wisdom to it. This still bottoms down to how you use your Bitcoin. If you use it for payment and investment, then you will always get to prosper in it, at least in the long run, but if you deliberately gamble with it, then that is no more the fault of Bitcoin but you who are taking gambling risk with it.

In other words, Bitcoin is an asset and you get to gain through your asset if you know how to use it well. But gambling, it's risky and it's very easy to lose money through it.

I don't see it wise to compare bitcoin investment and gambling. This is because when someone decides to invest in bitcoin (investing in bitcoin is different from going into trade using bitcoin), if you buy bitcoin and decide to hold it for a long period of time until the bull market will come for you to take home some profit, even if the market happens to experience some bearish season, if you don't sell off that instant and still hold on to your holding until the bull run will come, I don't think there will ever be any loss that a holder will record. You can only record a loss when you sell below what you purchased, if, out of your carelessness, you lose access to your key phrase, or if you make your wallet vulnerable to hackers.
 
But in the aspect of gambling, you will have to put in your money and try out your luck. If your selected game enters for you, then it's a win-win situation for you, but if it doesn't, you lose the money entirely, so the only option you have is to put in another amount of money, which you can use to try another luck if you can recover it or not, and the chance sometimes might be very slim.
 
 

Although almost everyone invest in bitcoin for profit purposes but I wouldn’t generalize it because most of the investors do not actually use only this as the advantage but rather they look at other options like it been an hedge against inflation and this is why they invest and just the return of investment advantage.

Bitcoin is in no where comparable to gambling because bitcoin can never turn in zero value when you invest in it. Just because of its volatility it could go down in price relative to fiat and as such when you sell during those period you lose some amount which is not what gambling is. Gambling doesn’t hold a single value once you lost because it either a profit or the other way.

Only Alticoins or investing in shitcoins can actually have the same effect in cryptocurrency with gambling because most of the shitcoins usually turn dust over time. But a bitcoin remains a bitcoin

Actually both have downsides, cause we keep focusing on the "profits" which we're not taking notes on losses which will affect the expectation on the two. Investment and gambling is literally two different thing, they just similar into the money involved for you to start. If you started to invest your money, you could still expect a return even a small value depends on the market's volatility. While for the gambling once you lose the money, there's no chance for you to recover what you've lost only if you tried to gambling again and won it back, which is the negative side of gambling that might lead people to addiction, cause there's no guarantee you would won since it's based on luck. While in investment in Bitcoin, it would just differ on the calls you would do for you to profit or loss.

But I want to ask you if there are any similarities between bitcoin and gambling?  I mean comparing bitcoin to gambling, is it fair? One side is potential wealth and the other side is gambling. I don't think gambling has enough potential to compare to bitcoin or any other asset or financial market. Gambling is gambling and investing is investing, we should not make such lame comparisons. Why does no one compare gambling to stocks or forex, while we as bitcoin investors compare it to gambling?

In gambling there is no expectation of profit. The profits obtained from gambling are bonuses from the games played. This is different from expecting profits on Bitcoin from the investment you make. Losses may come from trades made because investment means expected profits in a short or long period of time.

Of course, there are more losses due to gambling than experiencing losses due to bitcoin investments. There are differences in interpreting losses and profits in gambling games with bitcoin investments so that it is not wrong to tell people the differences.
People who experience losses with bitcoin are people who use it incorrectly, for example wrongly and don't know how to trade and invest. Most people who invest long term will make a profit.

It is a vague comparison on which did more harm to people. Bitcoin is an speculative asset for which everyone knows that its volatility can do either positive or negative to their money. Whilst for gambling, it's commonly known that the house always win and that's why when you gamble, you've got either 50/50 chance or lower than that. To myself, Bitcoin has never done me harm and I have never thought of it that it will have that impact in my life. In fact, it has done a lot of good things and it's one of the reasons why my life has changed a lot, for real. And with gambling, I'm just kind of neutral on it. I'm not a compulsive and severe gambler so the impact isn't pretty much for me.

There's no similarities, people just think of the old adage about life being a gamble and so they end up trying to to make it like all things are related to gambling when in reality it's not. Although it's a debatable thing, I don't think it's worth our time to ponder which is which and what are the distinctions. Gambling relies too much on luck meanwhile bitcoin doesn't, some might say that those who invested early were lucky but at that time, they didn't know the potential and they just bought in because they liked the concept.

I don’t think investing in Bitcoin can be compared to gambling. Although technically some would say that they should gamble on investing and holding Bitcoin, but it’s still not gambling but can be compared to stocks where you are also doing the same.

Gambling brings you more addiction than buying Bitcoin. Whenever you have winning or losing streaks, you intended to bet more money to play until you are out of control and funds are running out.

Buying and holding Bitcoin is much more of a safer route than gambling because even if it loses value you still have the same amount of BTCs in your wallet that could possibly gain when bull run comes again.

When comparing bitcoin to gambling, we should know that bitcoin is not a risk compared to gambling because when you're a bitcoiner, you're an investor and you have the best chances of making more money from your investment when the market surges than loosing your entire investment completely when the market falls, but insteadz in a bear market, you only loose small portion of the fund you have invested in, gambling is another thing entirely which is exactly what it was been called, gambling, when you gambles, you're a gambler and not an investor, you're taking risk but in catching fun and you have higher probability of loosing than winning, so people cannot make recovery of their losses in gambling but bitcoin can make you loose and recover everything with additions when you Invest and hold, people in gambling loose while bitcoin is an opportunity for changing lives better under financial economy.

Your concerns are understandable. Its like choosing between two unknown roads. Bitcoin investing or gambling, which is worse? It sounds like gambling is the worst, and I agree.

What if some people prefer gambling over Bitcoin investing? We all know that rush; its hard to quit. Even if they may lose, it keeps them coming back.

Bitcoin buyers trust and invest in a promising technology and currency with capacity to expand. Not without danger, but calculated risk where you can study, keep educated, and make judgments based on facts, not luck. You may not get paid right away, but you're establishing a more solid and profitable investment.

It should be bitcoin investing or gambling, and I think it’s very obvious that gambling is certainly harmful compared to bitcoin investment where chances to make massive profits is high. However, if you only invest in bitcoin due to greed without prior knowledge, that is still considered as gambling. Both can actually bring harm to you if you gamble to earn a living, and if you invest without diligently studying the coin you want to invest.

Too sad to know that many people have chosen to gamble instead of making an investment. And this is probably because we usually think that gambling could make us rich in an instant if we get lucky. Such thinking can be found by most gamblers, especially poor people and it should be corrected knowing the fact that our chances are very slim. I've found also that many people are willing to lose their money in gambling rather than investing as they really don't get the idea that investing makes our lives better while gambling takes our money from us.

A great harm has not done me any, because I am not a degenerate gambler and as for bitcoin I am going long term but to qualify, bitcoin has only brought me profits and with pure gambling understood as casino games I suppose that if I add the total bet in my life and the total won I would be in losses, but slight I would say. In 2023 what I have gambled has not gone badly, I suppose because I have obtained better than average results.

In any case, if you want to avoid harm, invest in bitcoin for the long term and stop gambling and other stuff (like day trading).

I think you are misunderstanding things a little bit. Gambling belongs to a different category than investment, therefore they can't be compared. Someone gambling in order to achieve the same goals aimed by someone investing in BTC is doing it wrongly and will face very negative consequences.

The problem is that we live in the Era of immediacy. People want to be satisfied now, and can't wait any longer for that. Gambling gives this false impression, so why are people going to wait years until Bitcoin hits a new ATH, since they can double, triple or make x10 profit in few hours through gambling? That is the mindset of our time.

And then we have gambling being harmful to a vast number of people who don't understand how the game works, what the risks are and what their chances are.

Please don't make a majority claim by using your own thought, I'm not looking or expecting to make money through gambling, what I want is for fun and I already accept every money I gamble will lose on the casino.

Both of them haven't harm me, I always set a limit how much I can gamble every month and I really trust with Bitcoin due to decentralization, also I never looking for quick profit since I keep holding regardless the price is drop or increase.

Investing in Bitcoin and gambling are clearly different and gambling is more dangerous than investing in Bitcoin. When people gamble, they risk losing all their money. Meanwhile, if people invest in Bitcoin, they also face the risk of loss, especially if the price of Bitcoin declines. But if they still hold their Bitcoin and don't panic, they still have a chance to sell their Bitcoin at the next high price.

And gambling can give you a big problem, namely gambling addiction. Meanwhile, if you choose to invest in Bitcoin, you can get the opportunity to make a profit. In this case, people should prefer to invest in Bitcoin but some of them still choose to gamble.

And Bitcoin is not harmful to me but instead provides benefits. Gambling doesn't harm me because I don't gamble too often and can still control myself while gambling. So if you want to make a profit, you can still invest in Bitcoin and use gambling as entertainment.

How did you decide that only a few individuals invest in Bitcoin daily? Remember, there are around 8.1 billion people on Earth, so it's a big world out there. I'm curious about the sources of your information.

Investing and gambling are incomparably different things, and we had discussions about this on the forum many times before.

Lol. I am sure most of the people would say the same thing that it's gambling where they have lost more.
Bitcoin is in fact very safe when compared to gambling. Holding bitcoin for long term has only made profits to me.
Whereas more than 90% of the times I have lost money in gambling.

I don't really understand that why people were creating these kinds of comparisons between on Bitcoin and gambling. First of all I want to say that this question is absurd. Because people gamble for entertainment and those who consider it as a source of investment i.e. earnings source and regularly become addicted to gambling, I am sure that they suffer more from gambling for this reason.
Even then if I say about myself then I have to say that Bitcoin is a blessing for me not harm. Because since I was introduced to Bitcoin, my income source in my student life as well as currently all my payments are in Bitcoin, and I am investing in Bitcoin for the long term and I am optimistic that even if it takes some time, I think I will get profit from it.

Bitcoin investment can maximise your return but gambling will completely disappear your money. In bitcoin investment one you putted money then if market is not suitable then you can wait more to obtain the profit but in gambling you just bet at once after which conclusion of your profit or loss will appear.

One who think gambling and investment are same cannot take advantage of investment and will always be captured into circle around which risk will be evolved around. Try to understand that what is investment and how it differs from gambling then your understanding will aid in your profitability.

It also don't guaranteed that in gambling you will face failure and in investment you will 100% successful because both are unpredictable but investment gives you chance to minimize losses and wait until you achieve your goals which is not possible in gambling.

Gambling is bad when it becomes an addiction otherwise it's just another way to spend money: going to a pub and spending $50 in alcohol is pretty much the same that betting $50 on a football match, they are both things that you can do because you enjoy them but you must know you need to limit yourself. I used to bet on football matches in high school because it was fun doing it with my classmates but when I noticed I was starting to spend too much time thinking about the next bet I decided it was time to stop and I never made bets again.

Bitcoin could be a bet if you buy for the short term, if you hold then it's an investment.

This is such a strange wording. How can inanimate object harm you by itself?
It's like asking someone ho many times they were harmed by a sawing needle. Why don't we ask it this way, but instead say "how many times did you prick your finger with a needle?" Get it?
Even if we ignore the above, I was never hurt by bitcoin and I never will be. I've been a bitcoiner for many years and it's not going to change. Bitcoin is literally the best investment I did in my whole life and I regret not knowing about it earlier. I'm also a gambler and I've lost some money doing it, but I keep things under control.

I'm sorry but I don't agree with the analogy of gambling vs bitcoin as a investment. Gambling is a bigger risk, you don't have total control over it, and it's based mostly on pure luck. As for bitcoin investment or any other investments for that matter, you just have to be a holder for long term, uses strategy like DCA and then sit and relax and wait for the right time to sell.


Again, it's obvious as I have explain, you really need to be lucky just to win money in gambling. And the chances are not in your favor most of the time. Just look at the house edge. Or even worst, look at the odds of winning a lottery.

There is obvious a distinct differences between gambling and investing in Bitcoin, gambling is a very risky adventure especially to those who gamble with a huge or massive funds or addicted gambler and investment in Bitcoin is a sure investment whose risk is very minimal if not in existence because even buying Bitcoin at the peak price doesn't end up as a loser except if the investor decided to sell or dump it no matter the longevity of the period of price dump there going to a period when the market would rally upward such that investors who bought at the peak would break even or make some little profit if they had hodl their coin.

These things, gambling and bitcoin cannot harm you in any way. What you might mean is what you get when you engage in both of these things.

The truth is no one is harmed when they gamble, unless you lose yourself and lose all your possessions, money, house, car, etc. Same thing with bitcoin, you won't be harmed unless you bought it with all your money during all-time high and can't feed yourself, and your family now. The fact is we only hurt ourselves, when we expect too much from something and it does not ended the way we want it to be it'll hurt us. Say you gamble or invested in bitcoin and turned out that you lost, that feeling hurt.

But I must say, I lost more on gambling than Bitcoin or any cryptocurrencies  ::)

I would still say Gambling.
However, with Bitcoin, we can manage the risk so that it is not too big and does not become gambling. We can prepare ourselves with knowledge about Bitcoin, based on the security of ourselves and various parties, with good risk management, strong mentality, and also financial who are healthy, then we may be able to minimize the risk. This doesn't mean we will eliminate all risks, no, but to minimize risks. We can use Bitcoin for long term holding if we cannot afford risky trading. So we can pamper him better. This is different from gambling. The higher the risk, the more harm it will be for us. Although in the end it will also depend on each individual,

What do you call those bold letters mate? That was the cause of getting into a gambling addiction and it is harming you not only financially but also mentally as it creates an impact on your mindset and thinking. This is the outcome of thinking that we can earn more from gambling so we spend more money on gambling but making us spend less in investing in Bitcoin.

It is very unfortunate and most of us commit mistakes because we assume that all our decisions would be right. We can gamble, yes but it should be on limitations. The same thing when it comes to trading and investment because at the moment we go beyond that, we are also creating problems.

The topic is an easy question to answer.  I never lose money on Bitcoin so it is easy to say that gambling is the one that has done me some manageable harm since not all my gambling sessions a winning sessions, more often I lose my allocated free money on a gambling platform.

Many people say this kind of statement: if one is patient enough to wait for their Bitcoin holdings to grow in price, no one will lose money investing in the Bitcoin market.

In this scenario gambling is totally different from Bitcoin and you can't equates the bitcoin value with gambling values, this are different kind of things I have ever seen in bitcoin, actually bitcoin is something I know that have to deal with timing before it will get accelerated while gambling is not even base on predictions but typically base on luck, I I dont know while people evaluate gambling with bitcoin almost every time in terms of profit making.

The answer is crystal clear. When we invest in Bitcoin we're very certain of realizing some returns no matter how long our investment might take. All that is required is to have good knowledge of the market, buy during the bear season and sell during the bull season. While gambling does the opposite, there's no guarantee that we are going to win our bet no matter how skilled or good we are in a particular sport or game, no matter the hours spent in researching, bad days and loss are part of it. Sometimes we might fall into addiction and it could costs us our relationships, jobs and health. So both of them are incomparable and gambling has done more harm than good.

Of course everyone will answer that gambling will be more detrimental and both of these things have a level of risk of losing the money we have, you are right that by investing in bitcoin it takes a long time to get a profit and if the price goes down we can still hold it to be able to get a profit later However, in gambling, if we lose, of course we lose all the money we have, even though there are several types of gambling that we can predict, it doesn't necessarily mean that what we predict is correct and makes us win.

It is never a wise thing to compare Bitcoin and gambling together. People who make such representations are unintelligent people. If a bitcoin user is asked to gamble he will refuse it, because a bitcoiner is never interested in gambling. When public people gamble they are the biggest criminals in society's eyes and if they lose money they are still gamblers who are bad people in everyone's eyes. But when a bitcoin user invests he must intend to profit from it and investing in bitcoins is never a bad thing. Gambling can make you twice as much money investing in Bitcoin as you lose. Of course, if you use Bitcoin for a long time, you can avoid gambling. That's why people are more interested in Bitcoin than gambling now and Bitcoin can't be compared to gambling Bitcoin is a future asset.

If I look at it purely as a game, I will choose Bitcoin because I don't need too much time to observe all activities.

But it is clear that this comparison is not fair on the subject, as if we were talking about one field and another broader field covering it. But it's clear that stress is always a must here, which is why I come into contact with people in the crypto or gambling industry who often have the habit of staying up all night.

The comparison is incompatible but for the sake of discussion we'll analyse both pairs. Personally, and almost everyone here who has tested both gambling and bitcoin will testify that gambling in no doubt does more harm than bitcoin. In gambling, you lose all your money (capital) within a blink of an eye or in few seconds, minutes or hours as the case may be. Which harm is more than that? In bitcoin, even if you are to lose your money, it won't be all instantly but on a gradual process which you have a chance to either abort your investments or keep monitoring for bounce back.

As to the number of people that invest in a day, there's no doubt that daily gamblers supercede daily investors but you can not how few or large investors are because anonymity is part of bitcoin features and you can not expect people to be advertising or announcing about their investment for privacy reasons. We play gambling and share tips with each other because we want the fun and entertainment to continue.

The thing that does more harm is you yourself. Everything is controlled in your hands only. You are only responsible if you are facing any losses. You need to understand that when you buy Bitcoins and expect profit from it, it’s considered as investment. Now investment and Gambling are completely different entities. If we see and compare directly, then in gambling the risk of profit along with loss is high, whereas investment provides low returns with low risk. So here is the answer of your question, gambling will always cause more harm if luck doesn’t favour you.

Yes, I also wonder why nowadays some people often compare Bitcoin with gambling, even though we know that gambling is an opportunity to have fun and is not categorized as an investment, even though Bitcoin is clearly a worthy choice to make as a short-term or long-term investment.

To answer Op's question, in my opinion it all depends on each individual because gambling and investing in bitcoin can both make someone lose everything if they can't control themselves and without basic understanding when doing it.

Gambling is totally different from investing in Bitcoin. lets me describe the difference. In gambling one user will lose 100% because gambling work on direct take/give phenomenon. we cannot say that two people gamble with each other and both wins. One user win has direct propertion to the loss of others.
In btc investment It is not necessary that one user profile will gives other user loss and possibility of profit for both is very possible. Lets suppose you sold btc at 25k with 2x profit and other user hold for long term and sell above 50k$  then you both made profit. There is no instant loss and profit.

In short gambling working on direct win/loss. If 50k times win happen then 50k times loss will also happen while BTC working just like business where you invest and use different strategies to make money. Profit and loss is possible but no one will say that he chooses bad way. People will only blame for poor strategy which become reason for loss.

Those people that are telling the public that Bitcoin has harmed him financially are dumb people because it is his mistake to lose some money on it. Just imagine that kind of person jumping into bitcoin because of the trend when the price got to ATH and you are thinking blindly that you will buy as the price continues to rise but turns out not and then that is the time you are telling the public that Bitcoin was a scam.

In gambling it is not only the platform but as a whole because gambling is always gambling it is for fun and not for investment and if you lose and tell the public that it harmed you it is your fault as you are unable to control yourself.

Since 2016 that I have been learning about crypto, Bitcoin has never hurt me for once, I have a few bad stories but all the faults are mine not Bitcoins, I messed up choosing the bad crypto wallet and I also messed up making the wrong choices like selling too soon and few others but so far Bitcoin have given me positive results than anything in crypto.

I do gamble too but the results I am getting from gambling isn't as good as my Bitcoin portfolio, gambling isn't something I do everyday, I only use some spare money to gamble and that's when I can afford it, most times I've lost money in gambling and only very few times I've win something good from gambling.  

It's better to be in both if you can protect yourself from turning into a gambling addict, because the biggest problem with gambling is people having this thought of making big money from gambling and start living their dream, gambling isn't scheduled to work in such a manner, you will lose more than you will win.

What kind of question is this? It is like comparing apples to oranges. Gambling is designed to make you lose money in the long run - it is a sport, it cannot be compared to something like Bitcoin which is currency, and is not intended to resemble anything like a game.

In short, losing money whether investing or gambling is all due to their greed, they should blame themselves for being greedy, not wanting to work but still wanting to make a lot of money. Bitcoin or gambling is just a tool for us to make money and have fun. Whether we can take advantage of it to make money depends on each person's ability, if we fail, don't blame anyone.

But I find it quite funny that the OP and many people keep comparing bitcoin to gambling. People who compare investing in bitcoin and gambling are people who still don't understand anything about bitcoin.

Most people who do not know much about bitcoin simply take it to be a kind of gambling and that is why such people always blow up their portfolio whenever they are trading. They do not know much about trading techniques, they did not know the fundamental or technical analysis, yet they claim they trade. What they really do is take trading as gambling, to predict which coin will go up and which coin will fall even without putting any kind of consideration. This is the reason why they take bitcoin trading or investment as gambling.
However, in a real sense bitcoin is an investment and it requires a lot of skill to learn about it although there is an iota of gambling in Bitcoin investment and trading, yet, it cannot be called gambling.

Both Bitcoin investment and gambling comes with risk. But Bitcoin cannot harm you except you become too careless and and unable to keep your keys safe and away from scam. On the other hand, gambling exposes you to lot more risk like addictions, debts, loss of funds especially when you don't gamble responsibly. Gambling as it has been said before, is a game of luck and there's no certainty that you will have a win. When we gamble, we put our funds at risk just for fun and entertainment purpose. Bitcoin investment will give you more profits than loss if you are able to hold for a long term. When the market becomes bullish, you have your profits.

I'm not fully committed to seeing Bitcoin as an investment. To me, it's like my personal reserves, which I don't touch when I don't need to but use when I feel like it's appropriate. As for gambling, I treat it as a form of entertainment more than anything else, so it's just something that has a different purpose. If we're talking about earning money, that's what jobs are for.
Bitcoin didn't do much harm to me, and the same is true for gambling. But of course, with other ways of using them, both can be risky and dangerous.
The op says gambling has done more harm than Bitcoin, and I guess I agree, but primarily because Bitcoin has been around for less than two decades, while gambling has been around for thousands of years.

I think the initial bitcoin buyers were not lucky but they had vision and belief in it.  those who say they are lucky are just jealous of other people's success.  many people knew about bitcoin very early, but why did so many people refuse it at that time and now feel regret for missing out on past opportunities?

Bitcoin is a currency, an asset, we should stop comparing bitcoin to gambling.  when we do that, we are underestimating the value of bitcoin when compared to gambling. has gambling changed the lives of many people, has it changed the world's finances? But bitcoin does.

None of them has done any harm to me. I don't have big expectations for profits and I don't take big risks. I can control my emotions and I can stop myself from making irrational decisions.
I gamble frequently, but I bet small amounts and I play for fun, not for profits. I expect Bitcoin to hit another ATH after 1 or maybe 2 years. There's no need to rush and I'm not greedy. There's plenty of time for me to accumulate enough Bitcoin by 2025. I don't panic anymore and I wouldn't sell when the BTC price crashes down to 15K or below. Never gamble with the sole purpose of making big money and never have big expectations about becoming very rich without putting any effort.

Is personal reserve should be considered as personal investment too?

Because if it is only reserve, without hope or belief to gain capital growth from profit, is it better if you simply hold your money in fiat currency? As Bitcoin investor, I believe if a person buy bitcoin and hold it, there is hope to get profit from it.

Gaming and gambling should be considered and compared first. They are all in a form of entertainment and some games require gamers to buy items to play, it is investment to play games. They even just spend money to play and satisfy their ego inside games through avatars. In gambling, they spend money to play game and bet to win. It again requires initial money for gambling. I see some similarities here and if a person plays games or gamble irresponsible, it is all bad.

Of course! Bitcoin is really far on gambling. Like in Bitcoin investment, it's not only by luck and take note that to have a successful investment, you really need to learn, research the market, and control your emotions.
While most gambling, you can just easily bet and you will just base by luck, that's all.

What is the common thread that investing in Bitcoin is not fundamental at all for you?

Why does this come to mind when the comparison between the two is so clear? I mean that investing and gambling are 2 different concepts from the start, regarding the implementation, investing in Bitcoin has a structured goal and the losses do not make your balance go to zero. Whereas gambling, I think, from start to finish, the conclusion is final, it relies more on luck, rarely involves structured goals, benefits that can be taken, there is no method for taking them. So it would be very unethical to compare the losses of investing in Bitcoin with losing money on gambling.

Comparing gambling and Bitcoin trading or investment is like equating buying gold and gambling. Nobody has ever lost investing in Bitcoin, people lose when they sell below the cost price because of mainly FUD. I said this because Bitcoin will always exceed its All-Time High (ATH)  if investors patiently wait. Gambling is a get-rich-quick scheme while Bitcoin is a long-term investment. Gambling has ruined so many lives due to addiction but anyone who is addicted to bitcoin investment will end up making a good profit.

Gambling is not a bad habit but when one uses funds that can be used to invest in a viable sector like bitcoin to gamble, such person needs to amend his gambling lifestyle. To answer your question,  Bitcoin has caused more good than harm while gambling disorder has caused so much problems in society.

Gambling and Bitcoin investing are two different things. If you suffer a temporary loss by investing in Bitcoin, you must have hope and confidence to recover the loss. Also if you are the right investor then you will not lose by investing in bitcoins. And although you can lose it, you can certainly recover it. But whenever you lose on a gambling platform, you can no longer hope to get your money back. Because the money you lost on the gambling platform will never be recovered and do not expect to be recovered. Because the money you lose will never get back. That's why I would never equate gambling and bitcoin investing. So far Bitcoin has never hurt me. The biggest gain I've ever made from Bitcoin. But the gambling platform has harmed me because I have lost a lot of money from the gambling platform.

In my opinion, I can say that gambling is more harmful as compared to bitcoin, because if we invest in a bitcoin, we should think for it and applying some trading strategies and thus in most cases if you are a good trader, you can expect payment.
But if we think about the gambling then it means there will be more chances of losing , because if I can tell you about my country, then gambling is prohibited, firstly puts some bad affects on the youth, and secondly, gambling didn't provide a positive results, whenever someone is going to interact in it, he will surely get loans from their own relatives and will involve more and more and at the last, it will become its habit, which is not good at all I think.

Im glad Bitcoin worked out for you. But think about his problem: the assumption that all losses in Bitcoin will be recovered. You emphasise the long-term nature of gambling losses and believe Bitcoin investment will rebound. We must remember that many have lost irreversibly in the cryptocurrency market. We must emphasise that your experience is valid but not universal. Even in Bitcoin, lost money may never return.

I agree with your difference between Bitcoin and gambling and the harms of gambling platforms. Everyone must approach Bitcoin investment with caution, not just hope and confidence to recover from temporary losses.

I don't see any connection between gambling and Bitcoin here especially because they serve different purposes...for example you can use Bitcoin to play on your favourite gambling platform by using BTC as your currency and not the other way round.

As far as am concerned this comparison is as good as comparing a vehicle and fuel,one of them can be used by the other and not vice versa which makes this a bad comparison.

For some reason I feel this was a trading vs gambling comparison not until the last second you changed the wording  ::)

The aim of both is of course related to making a profit, but Bitcoin cannot be equated with gambling even though both have risks, but the losses most often experienced by the average person definitely come from gambling, because almost none, maybe even 1 in 10 people  who became rich from gambling

You can match Bitcoin with a string investment but not gambling with a strong investment. And gambling makes people highly addicted and its deep addiction compels people to continue gambling. But bitcoin investment doesn't make anyone deeply addicted. If you invest in Bitcoin, you may lose some money if the price of Bitcoin falls, but if you gamble, you will lose the whole money.  However, to win gambling, you can get multiple returns in just 1 day, which is not possible in Bitcoin. so the thing that has more profit has more negative effect.

Yes i totally agree with you gambling is harm people then bitcoin again gambling is done more happy people then bitcoin if someone has a great luck.

I also experienced a small loss when investing in bitcoin at the beginning and that was an important lesson for me, that when we want to invest the first step we need to do is understand the investment we are making. After that, I never experienced any losses when investing in bitcoin because I prefer to hold the long-term investment that I am currently investing in. Bitcoin will not cause losses to anyone if invested correctly and knowledge is one way that can combat these losses.

Everyone knows that gambling has a much greater risk of losing money compared to investing in bitcoin, but everyone can definitely handle any losses caused by awareness in living it. If we are not prepared to lose money due to losses when gambling then it is best not to continue because the only thing that can limit this is ourselves not other people.

Agree with you, this is a really bad comparison. Bitcoin is a currency, a decentralized asset that brings us useful utilities and use cases in life. Meanwhile, gambling largely created homeless people because of gambling addiction. That's a huge difference that makes this comparison ugly and meaningless.

Even with trading, I think we should not compare because trading requires knowledge, skills, experience and a person with all those factors can also make money from trading. But with gambling, luck is still what they rely mainly on to win.

You have therefore answered your own question. Why did you make the gambling and Bitcoin comparison? Bitcoin is completely different from gambling, as you are aware of yourself. I'm also confident that no one who purchases Bitcoin will ever suffer damage.

By providing chances to people around the world, bitcoin has changed the lives of millions.
Gambling is obviously a problem; countless gamblers have lost everything they had as a result of applying gambling improperly to their lives.

Have seen how so many people have already disagreed with the comparison between bitcoin and gambling, which I entirely agreed with them, as both don’t have any form of close similarity or any kind.

I have not had any form of harm using bitcoin or buying bitcoin or what so ever means I have used to interact with bitcoin, the only time which I know I had a little lose was out of my own mistake which I tried to make a daily trade activity which made me do a little buy and sell without knowing that I have made a few lost due to my constant buying and selling thinking I was making few cent gain which should have not been so if I just purchase my bitcoin and become a holder their is not risk or harm that comes with that.

But I have entirely lost count of how many games and money which I have lost in gambling if I can recall correctly I can say I have lost more than I have ever won from gambling which has no means of coming back as they don’t create room for such.

Bitcoin is an asset. Assets do no harm to you as long as you manage your risks well. Gambling is on the other hand is a liability. Liability means, it takes money from your pocket. It is not making you any money, it is making you lose money. So comparing bitcoin to gambling don't make any sense because one of them is an asset  and the other one is a liability. Owning some liabilities isn't always a bad thing as long as you don't overdo them. Owning a car is also a liability but we need cars so we can transport our physical body from point A to point B. We sometimes gamble too because we need to do some stupid shit because why not. (just like smoking and drinking alcohol)

Investment is to make profit, and gambling to some other people is also to make profit, but one can become profitable faster which is gambling, and not investment because it is not a pyramid scheme. Gambling has of course done more harm than investing, unless it is a gambler who steadily makes profit from gambling, but that is very scarce and rare to find. Investing in bitcoins will include making sacrifices to keep some money for investment and skipping indulgence in all the pleasure that the money can get you, just so you can invest in bitcoins. There is no harm, just profits for the future.

BTC is alternative money for people who want to control their money themselves and avoid censorship, Gambling platforms are businesses that are open for people who want to stake their money and take the risk of adding to their money, it isn't compulsory you use either BTC or that you gamble, so i don't understand what you mean by "which one has done more harm".

People are told to gamble responsibly, even by the gambling companies themselves, and in the BTC community you'll also find out that you should not invest more than you can afford to lose, if you follow these simple rules, you would not have a problem, but if you go on and get addicted and do something crazy, then it's on you.

Both of them can harm us but gambling could possibly harm us more especially if we fall into addiction. Many people get mistaken in their thinking about gambling as they consider this a way to make more money. It is undeniable that many people fall into gambling addiction instead of falling into investing desires.
Gambling could be something we might enjoy but somehow it can affect our finances badly if we lose control.
May we have different experiences in gambling and investing in Bitcoin but for sure we have seen already which one is more harmful.

Gambling is a different thing from Bitcoin investment, and each time I gamble, I only use the amount that I am able to risk for the fun I want to have at that moment. So, I don't overthink it any time I lose my bet; I only count it as one of the things about gambling. The gambler must definitely lose and is not certain about winning, but when I invest or purchase Bitcoin, I have the belief that one day the price of Bitcoin will definitely appreciate and I will make some profits on my investment. I am a fully grown adult, making my money by myself, so I know how much to allocate to gambling and the amount that is allocated to investment. A situation where I will only feel bad or biased if I intensely use the investment money to gamble and lose, but I refuse to make such a mistake.

I am very hurt by gambling. I don't know whether gambling is halal or not. I lost a lot of money trading crypto. It was a futures trade. Many people say it is gambling and many people say it is halal. What is this actually?
And since losing there, I've come out completely.
So someone like me who doesn't have good knowledge about trade should not enter there.

I mean, to be honest, they are completely similar since gambling is gambling your money so it probably a fifty-fifty chance or could be lower depending on the game you gambling so most of the time you're probably going to lose money at gambling, there are probably people that is very lucky to win on gambling but there are only a few, and if your planning to gamble you're probably going to lose money as well.

Bitcoin on the other hand is different since it is a kind of investment, I mean for sure they have some similarities since they are both risky for your money, for sure if you do future trades we might call it similar to gambling since you just betting if the market price is going to go up or down right and if you get the wrong guess your going to lose your money. Compared to traditional investing in Bitcoin, you might lose a few or a huge percentage on Bitcoin, and until you sell your Bitcoin you not really going to lose money at some point.

So for sure gambling is going to do more harm to you if you do both gambling and Bitcoin, but still it would depend if you just gamble a small amount of money and just for fun I guess it wouldn't really matter much.

Between Gambling and Bitcoin I consider gambling as harmful. Because when we gamble, we invest in btc, eth, usdt, etc., it can be seen that sometimes we can earn good amount, but most of the time we lose everything through losses. Gambling is an addiction that bankrupts many people. And on the other hand Bitcoin has changed people's lives. If you are a good observer, invest in Bitcoin. Will change your life, show the light of hope.

Yes, Bitcoin and gambling shares a majority of similarities and differences. The both entails profit maximization and also channels to losses. But the great difference there is in gamble you lose every every, but you can only lose value of investment when you don't calculate and observe well in Bitcoin. Both gamble and Bitcoin have made people rich and as well have drastically recked people of their hard earned resources. One who is addicted to gambling will see one who is investing in crypto as doing the wrong thing same applicable to Bitcoin traders to gamblers. Its all about individual differences. Compare not your life with mine, cos what rocks my boat might sink your. As our faces are different, same out problems are. The both are good and bad. It's all about risk. Aloha!🕊️

Exactly what I was thinking: there is no world that could describe what I have in mind better for this kind of comparison than this, as I see such a statement as a direct insult to the bitcoin blockchain.
 
Bitcoin is a store of value and an asset that many use either as a means of saving or as a means to make profit in the long run, which has nothing to do with gambling because users have to put their hood entirely on luck, which, at the end of the day, always ends up losing money that goes directly to the gambling platform owner's pocket, and there is no way taking that back. Bitcoin doesn't have such features as it's an entirely decentralised system that is designed to favour everyone, not like gambling, which is designed in such a way that the casino owners have to be topping the list of winners all the time.

If it is with loss, then obviously gambling has made a bigger impact. If you lost that much on investment then it should either be because you are not paying that much of attention with cryptocurrency news or you have your DCA wrong. Problem is with individual who are aiming to earn an amount they can produce woth the project itself. Bitcoin investment has its own risk. If it is with product or shop you bought your fags were, I’d be deski if ever bigger content graphics.

My take on this, is that both may considerably be harmful if you don't know how to handle your finances.
Just a good example in bitcoin trading, if you go into futures and you don't know what you're doing, for sure, you can easily get liquidated.
And when it comes to gambling, if you don't know how to contain yourself with your betting activities, sure, you will get addicted and your life will be ruined. But that is, if you are not taking care of your gambling activities to how much you can afford.
Either way, they have pros and cons. It is up to the user how he will take care of his business not to get trap in any trouble.

Bitcoin is just a tool but gambling is a course of action that once you did it without caution, it will always bring you harm and make your life miserable. But gambling isn't always as it is, like putting a negative impression on it because it make us doomed due to losses. On the other hand, it will also make you instantly profitable and become  rich in the process, only if you gamble responsibly and you know when to gamble and when to stop to. If you think you are losing frequently, then take time for a short break and just gamble again when you're ready to take the risk again.

First of all it is not good to have a comparison with bitcoin and gambling. When it comes to bitcoin, it doesn't have any risk. What needs to be done is just hold and the perfect profit can be got out of it. With gambling scenario is completely different, because we risk and the luckiest enjoy the better result whereas the other suffer the consequences.

Majority could've lost most of their bitcoin holdings out of gambling. The reason is all connected with the greed. Also the growth of bitcoin price is the biggest reason for the greed. The increase in price tempts everyone to multiply the number of hold it for the better outcome. The reality is different and they were unable to to be on the successful side.

This is not a comparison as if they are the same.  This is a comparison of experience on which oen gives more harm.  So I do not think that we should raise an issue about this topic.


Unless the person is impatience or has no knowledge of Bitcoin and has weak hands, he will never have any losses from Bitcoin because he will have the resistance to give in to FUD.  So it is obvious that excessive gambling without any personal restraint can do more harm than trading Bitcoin.

On the other part, if a person does not know about bitcoin but still invest on it, and is shaken easily while he has more self-restraint in gambling andmoderate his gambling activity, the person could have more losses on Bitcoin trading.

So the answer is dependent on how a person deals with both entities.

I think the phrase "Which have you lost more money" would have been much better than using "Which has done you more harm", because since it's true that people have lost money in both gambling & Bitcoin investment, creating a comparison thread such as this is not a bad ideal, which for me personally, I will say I have lost more money to gambling (i.e where you stand the chance to double your money or lose it entirely) than in Bitcoin investment generally (i.e whereby though the price of BTC may fall but it can always rise at any time).

If you are gambling and you are aiming for profit, then you will spend all that you have on gambling without making any profit at the end. The primary aim of gambling shouldn’t be to make profit, it should be for entertainment and fun. If you want to make profit, then you should invest in bitcoin. I am not asking anyone not to gamble, but if you are aiming for profit in the long run, then just invest in bitcoin. If you are bored and you want to have fun, then you can gamble.
 
Both bitcoin and gambling haven’t done me any harm. I know bitcoin can’t do me any harm if I can hold it for a long time. It will be difficult to lose money in bitcoin. I have lost some money in gambling, but since I do gamble with a small amount, it doesn’t even affect me, and I got the entertainment that I needed from it. But most people who gamble for profit always end up regretting it at the end.

If you use this both in the correct way,both the bitcoin and the gambling will not affect your asset.In the bitcoin,we should hold till the new rise in the bitcoin price.Panic selling is the unaccepted one in the bitcoin.The gambling negative is the gambling addiction can be solved by the gambler.For the regular trader,the bitcoin will be the best option.Many people was in this bitcoin trading before 2016 will have huge amount of the bitcoin.But gambling will give money sometimes and you may force to lose sometimes.

Of course, gambling makes losses of everyone who joins in it, if you lose it will lose and disappear
And in Bitcoin it is said to lose if the price value of Bitcoin is lower than the value we bought before but does not lose at all we just lose the price value not the quantity of Bitcoi itself

I really agree with you, if we can't control ourselves in doing these two things we will certainly experience losses in investing. We need to understand well the right time to buy or sell to get a profit from the investment we make, but in gambling there is very little the possibility of giving us benefits and if we have experienced an addiction it will certainly be very difficult to leave it.

Bitcoin has never done any harm like other failed cryptocurrency project that crashed that caused people to loss large amounts of money. Bitcoin is just volatile which everyone knows about and must invest according to the amount to afford to lose. If you understand bitcoin very well you don't need to lose even if the market goes down dip. It is only when one lacks patience that is only when one can lose but as far as one is still hodling even when the market falls their is no risk.  Gambling has done more harm to people who are addicted to it, I don't see why you will think bitcoin is as risky to gambling.

It's unfair to compare Bitcoin and gambling because they are not close in fairness at all, why not compare gambling with trading? Because the difference between these two isn't much, you can easily lose money in gambling and trading. Bitcoin investment is more reliable than gambling by far, all you need to avoid is...

1. Investing money you will be needing soon into Bitcoin, this will result in you having to sell your Bitcoin at any price that's for sale on exchange, even if its lower than when you bought it you have no choice, since you need the money, you have to accept your losses.

2. Learn how to keep your wallet private keys/ recovery seed safe, it is easier to exchange your Fiat currency into bitcoin as a beginner buy just following the exchange guides but it's tricky to understand the safest crypto wallets you need to use and the crypto wallets you need to stay away from, many people are already into crypto but they don't know the difference between a open source wallet and closed source wallet, not until they become a victim.

Gambling will do you more harm if you are desperate to make a large amount of fortune from gambling, this process was supposed to be a fun hub for sports lovers and roulette lovers, but many people have been brainwashed, thinking it's doable to make their dreams come true by gambling seriously.

Bitcoin has existed for the past 14 years and it will continue to exist and develop further, it has never disappeared so it cannot be said that bitcoin has harmed anyone. Those who invest in bitcoin and lose money due to their own weakness should not blame bitcoin. It is simply an asset, a tool like any other tool for us to take advantage of to make money. So whether we make money or not depends entirely on our bravery, we should not blame bitcoin if we fail in investing.

Gambling is the same, it is just an entertainment game but many people abuse it and use it as a tool to get rich quickly. Everything is human behavior and human abuse, we should not blame any tool.

I've yet to see anyone who bought and hedl Bitcoin for four years that lost out. Even if anyone bought at the $18k+ peak in 2017 and waited four years they would've made profit in 2021. Those who bought at the peak of 2021 at an ATH of $68k+ won't be at a loss if they're still hodling now and waiting for 2025. I'm sure they won't if only they will control their itching thumbs.

The major problem with those who lose in Bitcoin investment is either they invested in Ponzi schemes using Bitcoin as a channel or they're simply of the school of thought that any investment in Bitcoin should be an instant hit to wealth and are so desperate not to be patient. Otherwise, buying Bitcoin is a safe place to throw one's money.

Gambling has done more harm than any loss of money in bitcoin done for the sole purpose of profit in my opinion. First off, with bitcoin at this point there are no longer long term detriments or consequences you should be scared about. Just hold enough of these at regular intervals and do your thing, eventually you’d start raking in the peofits in Newy York.,

With gambling this is not the situation nor will it ever be. You play, you lose, you make the casino richer. Rinse and repeat until you’re left with nothing. This is especially the case for those who chase profits in the gambling industry.

There is a significant difference between gambling and bitcoin. While some aspects of bitcoin resemble gambling, bitcoin is not gambling and, as an asset, cannot harm anyone if handled properly. In contrast, gambling poses a risk to your financial well-being, while bitcoin can be sold whenever you like. However, with gambling, if you lose, your money is gone. Everyone has the freedom to do anything they wish.  should remember that every choice has repercussions, thus as adults, I think we should always choose the appropriate course of action.

There are people who see bitcoin investment is slow profit generating where in gambling, you can easily multiply your initial capital. It's different in it's own but if we are talking about profit, it's true that gambling can produce profit fast but the risk of it is so much higher compared to bitcoin investment. I personally had been addicted to gambling before and I know the fact that I lose capital more than I earn from gambling. It's one of the regrets that I had when I missed on investing on bitcoin because of my gambling addiction. I can say that gambling has far more risk than bitcoin investment not just on the financial side but on the mental side.

Losses from bitcoin investments are essentially assessed by their fluctuations in value - but as long as they hold bitcoin for a long period of time then there is a chance they can recover their losses. Additional strategies like accumulation are what allow them to recover their losses faster instead of waiting for the old ATH to be touched - but this is only done by anyone with a budget.

Day traders tend to lose more than investors - that's a result of price fluctuations. If they invest over a long period of time - then I believe they can avoid real losses as long as they don't sell at a loss.

These two concepts are not related and they can never be compared. You have don't have use bitcoin investment with gambling, this is an odd comparation. The patient and long investors never loss or lost funds but in gambling the patient gamblers and long term gambling loss and lost funds very well. It is only trading you can use to compare with gambling and not investment. Investment is very much far better than gambling. Bitcoin investment is not something one can have profit instant but you have to wait for a period of time in a long time but gambling is instant profit scenario.

A person is wrong, in the first place, if they are expecting to earn money from gambling, and they are wrong again if they skip investing in Bitcoin only to use that money for gambling with the same expectation again, to earn money. People really need to get one thing straight: gambling is not a way to earn money, it's not an investment option but it's a luck-based thing where you use your money and play some games and if you are lucky, you might manage to win some money but what history shows us and what we see every day, it's pretty clear that you are most likely going to lose money in it.

On the other hand, Bitcoin is a cryptocurrency, it is also considered an investment asset because of its volatility and since it goes up and down in value, it can be a way to earn money for someone if they know the right time to buy and sell and for which they will need to gather knowledge and experience before getting involved.

Nothing can harm you until you give them the privilege to do so. It's not necessary what has harmed us so much, but gambling is a super quick process and BTC investments took more than a decade for the earliest investors to unlock the true potential value (jackpot prize) of BTC. Gambling gives quick results and needs luck, whereas BTC investments need you to hold for a longer term for it to grow (or lose) its value. So comparison of both isn't possible. 

If gambling was to be like a crypto origin then I would have  said that Gambling is worth it but however, there are still people who it favours and those who think their luck is not in it. According to Encyclopedia Britannica online From the meaning you could see that gambling involves a contest for a lucky winner to by chance as captured to take the  prize of the contest. Which means that gambling
is not guaranteed for one to make profit but rather by chance if the odds turns in favour of the individual.

Bitcoin according to Satoshi We can see that bitcoin from the onset based on this explanatory from satoshi, Bitcoin is an asset so when it was turned into an investment, it was already foreseen by satoshi to be so and hence the price volatility which as well serves amongst the beauty of bitcoin allowing for more holders to be able to hold more and new entry as well.

I had to do this explanatory for a better understanding. We can see that bitcoin holds more potentials than gambling. Bitcoin has a long lasting life span and is not controlled by any individual but market demand and results to volatility which when utilized can fetch you profit either in the long or short term whereas gambling is controlled and possible game manipulation or glitch which might cause one to make loss without one knowing what is happening behind. So from this, you can deduce to know the possible answer.  Anyone who has had the taste of both end would tell better which is f more harm than the other.


Bitcoin (https://bitcoin.org/en/)
Gambling (https://www.britannica.com/topic/gambling)

If you are going to gamble - meaning playing casino games, EV-, you are going about it the wrong way. With Bitcoin, if you do the simplest thing which is Buy and Hold or DCA for at least one cycle you will get profits, while with gambling there is a mathematical certainty of losing money in the long run. There are some exceptions, like poker, if you are able to be one of those 5% of players or so that are winners, but people don't refer to that when they talk about gambling.


Of course, if they start from such a wrong idea, from a basic error, no wonder they get scalded.

And even if we were to take into account people like me who make money with gambling or a part of it, which would be poker, the advantage of investing in bitcoin is that it is passive. You buy and in the future you will sell more expensive (or you will be able to spend much more because of the increased purchasing power), while with poker you win if you play, they are active profits, and you have to bear the variance.

Bitcoin has helped aid people from the control and power of paper currency.  Those who knows the importance of Bitcoin do not consider it like its toxic.
This has only be considered harm by those who wants to get rich quick using Bitcoin.

Gambling whereas, has lead to loses. Losers from Gambling and casino games are much more to compared to those who are winners.
Both can lead  to making good fortune only of you know what you're doing. Anyday any time I will merge them both. They have bads but I choose to focus on the good that can be generated from the bad.

The OP's comparison between gambling and bitcoin also makes me feel that the OP is underestimating bitcoin quite a bit. It is a potential asset, a technological breakthrough and is considered to bring innovation to the world's financial industry, while gambling is just a form of entertainment that can be addictive. Therefore, it would be lame and somewhat underestimating bitcoin to compare bitcoin with gambling. Bitcoin is on a much higher level than gambling.

Yes, you're right, but lets analyze it. Gambling's temptation of quick cash is based on luck, and many have fallen for its seemingly simple attraction. Bitcoin isn't without its own gamble, is it? Predicting market fluctuations isnt easy, is it?

You said gathering information and experience before trading Bitcoin. In a market that may change on a tweet, where do you draw the line between informed investing and gambling?

Bitcoin, the first blockchain tech innovation, changed our view of cash, value, and data integrity. The decentralized nature makes transactions transparent, secure, and tamper-proof. Despite these technical details, volatility is unavoidable. Isnt there some gambling, albeit informed?

Gambling and bitcoin are clearly very different and difficult to equate, of course bitcoin is more profitable than gambling.

Because gambling is based on chance, while bitcoin is based on mathematics and cryptography. With gambling, you bet, if you lose, you will lose, but with bitcoin, if you buy it, you will not lose the asset, even if the price goes down, if you hold bitcoin, the value of the asset will only go down, but the number of bitcoins will remain the same.

Gambling usually has a guarantee of winning if they have intelligence and strategy in the game. Meanwhile, bitcoin cannot be the same as gambling, bitcoin is a store of value and the price rises when demand continues to increase, especially soon we will enter the bitcoin halving.

To be honest, it's not a dispute because when you lose some money in bitcoins due to the time when the bearish market occurred, you still have your BTC and you can just simply wait for it to recover its price or reach a new ATH to earn some decent amount of income. While in gambling, as soon as you lose your money, you won't ever get it back again that's why in the span of 10 years, there are lots of people who regret gambling than investing in bitcoins. You just need to be equipped with the basic knowledge on investing in bitcoins in order not to become victims of fraud or hacking in the midst of holding your bitcoins because if that happens to you, is it as if you also lose your money in gambling because you will never get it back.

I don't really remember that Bitcoin has harmed me. Even if we say that Bitcoin has harmed others, I haven't heard any news like that. Isn't there anything? Then how can Bitcoin be harmed, whether it is digital or intangible? Maybe what you mean by making a topic is that you invested in bitcoin and then suddenly you didn't make any money from it and you didn't get anything.

Is that what OP means? Then Bitcoin is very far away from gambling because there is no game in it, whereas in gambling, there is only a game, and there is only gambling or relying on luck to make money here. Compared to bitcoin, it is not like that.

Neither to be fair. If I lose money while gambling that is usually calculated anyway, I gamble knowing full well that I will lose that money and the word in the root meaning of it is actually risking it, that's what gambling means, sometimes people talk about gambling in other terms, like "he jumped from that height, he gambled with his life" type of things, meaning he risked his life. So I know that I will most probably lose and that's why it doesn't really harm me, if we were to say which one made e lose more money then I would say easily gambling made me lose more money but it didn't harm me to lose it, because I already knew the risks before going in. Trading didn't really made me lose much but I did lose a bit of money there too ,investment is where I made most of my money, I still have some coins aside, not a lot but a bit, and that makes me do better, at least best out of all of them.

Without learning basic knowledge about bitcoin, trying to invest in bitcoin can be considered as gambling. What I mean by doing something that we don't understand will be detrimental, the same as gambling which only relies on lust to make a profit. Without knowledge, we don't know how to store bitcoins properly, which makes us lose money. Maybe this is the reason OP created a topic like this.
Bitcoin and gambling are very different, but if we don't know their uses well then both can make us lose money.


Gambling when we bet if we lose we will lose, but not bitcoin. Bitcoin is an investment asset even though the market is not good, but if we continue to hold bitcoin we will not lose.

There is no correlation between Bitcoin and gambling. One is a currency/asset, the other is a recreational activity.
Investing is one thing, gambling is another. You can't make money with gambling. In the short term you think you win, but in the long term you always lose. If you invest, you are likely to win in the long run. Especially if you invest in assets like Bitcoin, you're likely to make good gains in the long run. Comparing this to gambling is absurd. Why would Bitcoin hurt anyone? It doesn't make any sense.

What he describes is that it is more like treating bitcoin. I understand what you mean, and literally gambling and bitcoin are two very different elements.

The logic is that for people who gamble in trading bitcoins in the market, they are not actually investing in bitcoins to maintain their value or having bitcoins in their wallets to invest long term, but they are relying on multipliers on trades to get winnings in the short time available. on two long/short options.
And one more thing, for those who treat bitcoin hoping for a price increase without knowing what bitcoin is, it's the same as placing a bet. IMO

You have to understand that as long as you sell the bitcoin you own or hold when the price goes down then you will not experience a penny of loss, bitcoin investors must understand that

Meanwhile, gambling is an activity that risks your money (you put money in to get more money), so I think people have more to lose from gambling than buying Bitcoin

Bitcoin has been increasing in value for last many years. You're always in profit if you bought the bitcoin in 2012- 2020. Even when we reach new highs in the next bull run, then everyone who bought bitcoin earlier will be in profit, so how can you compare gambling and bitcoin  ???

Gambling is too much risky. You put money and the very next minute you either win some money or lose everything. This does not happen with Bitcoin investments. You buy Bitcoin now and hold for a few years to become a millionaire.

Bitcoin has the least risk for those who can hold and gambling is 100% risky and depends solely on luck.

Harm with Bitcoin investment is something that having no sense. Why? As long you arent selling on loss then the harmful effect isnt really something that could be possible.Those are just unrealized losses but as long you do hold up your position then it wont really be consider to be negative and since we do know that this market is really that having that potential specially with Bitcoin then it is really just that more worth compared to gambling if we do speak about profits. Come to think that Bitcoin investment and Gambling is for entertainment on which there's a significant line in between things. Totally depends on whats  your approach towards Bitcoin investment
whether you are really treating this as some sort of gambling or not.

We cant really deny that risks is there whether you are involved with investment or gambling they have both risks.It is really just that they do really differ on risks level and it is really that something
that you should really be needing to differentiate or else then you would really be finding yourself on big trouble if you cant really be able to differentiate between things in both things.
More harm would really be just that devastated or something that can be felt on the time that you dont really make out some good decisions towards it or simply handling it well.

Even though bitcoin and gambling both seek profits, here the two systems are very different, the first is that gambling is regulated by the system maker, where players are determined to win and more to lose. In this asset, the concept of Bitcoin is quite unique, in contrast to gambling, with a limited supply that is hotly contested around the world.
That's right, if we buy above the price suddenly becomes cheaper, we don't lose any money, but the quantity value remains. And it won't go away if we don't sell it. Let's look at the prices in the last 10 years, the prices are very tempting. how bitcoin remains strong today

Right, gambling is completely dependent on luck. Some have become millionaires by gambling and some have become beggars by gambling. This gambling game is full of risk, here one has to participate in gambling with the promise of losing. But Bitcoin is different. Here if you invest in bitcoins, even if your investment goes down a lot after investing you still have hope of recovery. If we consider ourselves, we don't think for a moment to invest in Bitcoin, but we think a hundred times to bet on a gambling platform. And specifically to the OP's words, my answer would be that gambling has hurt me a lot but Bitcoin hasn't hurt me at all. Rather Bitcoin has made me a place of employment.

This is a subject that has drawn a lot of argument, gambling is not a recreational activity, if you want to have fun, try video game, picnic etc but certainly not gambling. Having said that, I think it's very unfair for the op to compare Bitcoin to gambling because gambling is more of strategy, skill, luck and there's no guarantee that you would profit from the venture. Bitcoin on the other hand, requires you to have knowledge of the market, know when to buy and when to sell. Whatever strategy you employ in your bitcoin accumulation, DCA or a lump sum, you will certainly realize profit when the market turns bull.

I don’t think these two are comparable. Bitcoin is just a tool that is used indirectly to scam people, that’s why bitcoin’s reputation has been ruined due to these scammers. But if we say gambling, we’ll that’s clearly a harmful one if you fall for its addiction, but if you are gambling responsibly, then there’s no need to worry since you are just gambling to satisfy oneself and to become entertained and have fun. Gambling is not a actually a bad hobby, it only become one when people decide to gamble with greed and resort to gambling uncontrollably until he used up all his life’s savings and ruined his future.

HOW ON EARTH DID I MISS THIS THREAD.

I am a complusive gambler> I go to a program and have not made a bet since July of 1990.

I was a very antisocial troubled person from 11 to 33 mostly due to my parents divorce due to my dads compulsive gambling. I sided with my dad and choose to behave very poorly until I met my wife in 1985.

I thought I could stop gambling on my own but had issues on and off until July 1990. I talked everything over with my wife. I join a program and have not bet in over 30 years.

Bitcoin was very good to me I follow a non risk method which allowed me to make money on it. I still make money on it.
I am happy I was a compulsive gambler and did go to a program to stop doing that.

May I know which aspects of Bitcoin are you referring to that resemble gambling? I don't see how gambling in any way resembles gambling at all, one can say that about trading because there is a possibility of making a trade and maybe losing some money from it if it's futures or options trading and the trader hasn't taken any preventive measures for the risks imposed, however, Bitcoin itself is just a cryptocurrency and has no similarities with gambling whatsoever.

So, those who don't have any knowledge about cryptocurrencies and the market, don't know how they move and what things one needs to notice, and when they buy high and sell low due to panic and lose money, shouldn't blame Bitcoin for it because it's not Bitcoin doing any harm but it's their lack of knowledge doing it.

I have lost more money in gambling back days than I lost when I started to invest in Bitcoin in 2017, my loss of investment in Bitcoin was due to my wrong timing of the market or late market entry, coupled with my impatient at the time that led to the loss. I bought at the market peak and sold at a loss almost when the market had neared the bottom.

The first is that gambling and bitcoin are very different between the two, because they are opposites.

If you look at gamblers, they don't think that all they do is act, and they do it for the fun of making money. This is bad because they will bet on a big win but they don't remember losing that much money. Betting on gambling if you lose the money will be lost.

This is very different from investing in bitcoin. If you want to make money consistently from trading bitcoin, you have to keep proper records and carry out risk management and must be able to control your emotions and another thing is to understand probability and the game. If this has been fulfilled and you don't sell when the price is cheap, of course this will be a profit in your future. So if you ask who is doing more harm? The answer is that gambling is more detrimental, especially if you become addicted.

Investing in crypto not just in Bitcoin without proper knowledge about it is considered gambling, you are blindly putting your money at risk.
And also there are people who bought Bitcoin to gamble or use Bitcoin as a currency on the platform that they use to gamble, so what's the difference for them?
But if it is on my end I would say that gambling made me lose more money than my investment in Crypto, on my investment in crypto I could control or manage the loss, but when I am gambling the money that I've sent on gambling site would be all or nothing, it is either I would gain profit that I've set up before sending it or losing it all.