Bitcoin Forum

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

One thing that only sure here is that all Crypto gamblers are Bitcoin users or at least for once used bitcoin to gamble  but asking what
percentage a investors to be a gamblers? sorry but this seems to be impossible to answer , because there are no data asked in KYC
verification about how much we invest in bitcoin or if we are investor. and I think this will completely violate privacy , when majority
of crypto gamblers hates KYC what more if being asked if they are investor?

Most people who hold Bitcoin,the majority of them are sure gamblers.The reason is simple,the gambling industry being the most widely accepting Bitcoins as a form of payment and only few other industries are as open as gambling platforms to accept cryptocurrencies in general.That is why I think it is in the 70-80% of the users not just 10-20% as most people who hold a large amount of Bitcoins,also have some set aside to entertain themselves and what better way than gambling to have some fun.

Investors are people who invest in different businesses and I doubt Bitcoiners are also investors.

Do you mean bitcoin investors who gamble with bitcoins specifically? or just bitcoin investors who gamble via the conventional means?
It will be difficult to get an accurate figure, but by my assumptions, the number of bitcoin investors who gamble with bitcoins is less than the number of investors in bitcoins who gamble with fiat.

There have always been gamblers even without bitcoins, but I take it that you mean to say it is possible that some people who gamble with bitcoins are not investing in bitcoins for the long term. I agree with you, but it is a very small number because not everyone has bitcoins for investment reasons.

I actually have done any study on this subject before so I guess we could say that there are a high chance that bitcoin investors are gamblers and also some that despite them having been around for a long time haven’t gambled once and don’t even own a single account in any gambling site before.
Btw, does owning a coin accounts that one must have been involved in gambling?


We still have people that are still using casinos that don’t support the use of cryptocurrency and some that have never used an online casino ever in their life; so I believe those ones could count as gamblers that ain’t investors.

I suppose someone could try surveying bitcoin investors anonymously.  But even then, how many would admit to gambling, even anonymously? And you'd have no way to verify if they're telling the truth.  So were left to speculate.  Maybe 10% of investors dabble in crypto casinos? 20%? 50%? Impossible to pin down an exact figure.  But it's clear there's significant overlap between the crypto investment and crypto gambling communities.

in essence, trading is a certain kind of gambling. You never know exactly where the price will go, so at any moment you can either make a lot of money or be left with nothing. This is why bitcoin investors are used to risk, and no doubt a certain percentage of them use bitcoin in gambling (i think, more than 20 percent )

I will say that majority of people that gamble on crypto casinos are people that have bitcoin, because this is the reason why these crypto casino are into the market to entertain bitcoin investors. The fact remains that we cannot get the specific data because it will be hard to do so, since there id no possible way for one to know who gambles everyday online with their bitcoin.

In the land base casino or fiat casinos, it is also hard to get the total number of gamblers that uses fiat to gamble daily. What I know for sure is that gambling is something that new people keep on involving themselves in it everyday. Although in my country only few bitcoin investors will use their bitcoin to gamble because they see it as an investment that will yield profit for them.

There is no way to find this out, there is no accurate data that can give us a number on gamblers that are also bitcoin investors, but one thing is for sure, those who use Bitcoin to gamble are already bitcoin users, and there is a big chance that they have some numbers of Bitcoin in their wallet starched away for future sakes.

There are few bitcoin investors that are interested in gambling to increase the number of their Bitcoin, they aren't into gambling to make more money, they are in to make more Bitcoin, I have become a bitcoin investor before I started trying gambling but Bitcoin comes first, we all know how complicated it is to operate a bitcoin wallet as a beginner, it makes no sense for a beginner to choose bitcoin for gambling without having any idea about Bitcoin before.

The acceptance of Bitcoin payment is growing every day so many more stores and businesses will start accepting Bitcoin, I believe that more new gamblers will prefer to use Bitcoin over others as their favourite digital currency for gambling.

I'm a little confused by the words about the percentage of bitcoin investors who gamble, I'm not sure bitcoin investors are currently gambling with their bitcoin, as we know is that the price of bitcoin continues to increase and for them bitcoin is a good investment it will definitely be difficult for them. they use bitcoin in gambling let alone spend 1% of their bitcoin holdings, not sure about that

Talking about gamblers who can become bitcoin investors, personally I only see gamblers only being losers in the end and they will never get rich from gambling let alone succeed in multiplying their bitcoins in gambling, it's definitely difficult, I don't think there are more than 1% of gamblers who still use bitcoin for gambling and nothing more than that even though most of them may prefer stablecoin to using bitcoin.

There's no data regarding the percentage of users of Bitcoin that gamble at the same time. We can only assume that most crypto users have been into gambling as there are many ads that promote different gambling sites not only on this forum but also on other websites.

We can say this because in crypto they can have the things they want. Like anonymity, having a safer transaction for online gambling, and such. Gamblers love freedom and privacy nowadays, they will always look for a way to have it and crypto provides what gamblers are looking for.

Who knows. Most investors are rather hidden or respect their privacy so I reckon you couldn't really easily make a connection even if casinos tried to connect their accounts to the wallets of well-known investors. I guess casinos can provide a survey but that would only amount to their user base and nothing more. As for gamblers not being investors, I reckon they were at some point since, well, most early crypto gamblers were only able to use Bitcoin. But now with a lot of other alternatives (together with fiat), I reckon we have gamblers who don't even give a damn about crypto.

But I'd say it's more likely for a crypto gambler to be a bitcoin investor than an investor being a gambler.

Small gamblers don't use bitcoins very often because they think it's better to keep their bitcoins rather than gamble unless they have a lot of bitcoins that they can use for gambling. We don't know how big the percentage is because many crypto gamblers still don't do KYC or they gamble secretly. It is possible that most gamblers are not yet bitcoin investors and use their bitcoins for gambling but that will depend on how they treat their bitcoins. If they treat bitcoin as an investment, they would prefer to keep the bitcoin rather than use it for gambling.

There's no available data on this as centralized gambling platforms don't provide such information. To estimate the answer, we rely on a simple formula. First, we need to determine the total number of Bitcoin investors. However, this is challenging as Bitcoin transactions are inherently anonymous. While we can access data on the number of generated Bitcoin wallets, it doesn't necessarily reflect the number of investors, as one could create wallets and abandon them or create multiple wallets to diversify their investments.

I don't have any reliable data or study on the matter, though if I had to guess on it I would dare to speculate about 20-25% of people who own Bitcoin are or were gamblers in sometime of their life, probably the figure goes even beyond that percentage and reaches the 30-40%. But that is just a personal perception I have with the time I have invested within this community.

Also, it is reasonable to believe there are gamblers who are not actually interested in Bitcoin as asset at all, but only as a tool for them to gambler without relying on them having a bank account or a credit card (we all know there are more than only one reason for any gambler to avoid credit), if I had also to guess on that percentage I would say it is about a 12% of gamblers.
I am aware there have been scientific studies published by psychologist before on the percentage of the gambling population in certain communities, but I doubt they have gone as far as classifying those who specifically wager satoshis.

I think only 5-10% of Bitcoiners is doing gambling. Why? Because of the fact that we are here for investment and we want financial freedom. We cannot achieve financial freedom if we qre into serious gambling instead of using every penny for nothing we save it fo us to be able to buy in the next dip. Investors has different mindset than gamblers.

No one can know this. You can know it because you can not know many bitcoin users that are living s private life. Another thing is that there is no such research done in the past like to be using IP to track. No gambling site will want to tell researcher about the IP address of their gamblers unless if regulators or government ask for it. So this can not be known.

Its difficult to guarantee a definitive answer to your question. Even if you conduct a survey on this forum or any other platform, its not guaranteed that you will receive an accurate answer because some investors might prefer to keep their privacy and choose not to answer. We can make assumptions, but ultimately they may not be relevant.

You should have created a poll here to get at least a view or a hint on the percentage of Bitcoin investors that are gamblers although that poll that you'll create will not reflect the real picture of the percentage.
It is hard to get the right percentage and every attempt will not guarantee that it is the real percentage because, for one, some investors will not openly admit that they are into gambling, all I know is the number is great because Crypto casinos are considered one of the top platforms in the Cryptocurrency community,  and you have to distinguish what kind of gamblers are these investors.
Maybe anywhere from 30 to 40%, I come out with a figure because the gambling community in Cryptocurrency is very huge now

When it comes to Bitcoin investors who gamble it doesn't seem like there anywhere near 50% and I think 20% to 30% is decent number.
Crypto gambling is growing well and the majority of people who quickly discovered it are crypto players consisting of investors and traders.
It just that we can't determine for certain what truly accurate number is for the percentage of gamblers who are also Bitcoin investors.

I sure all gamblers in crypto gambling are people who are quite experienced in the crypto world but not all of them will have Bitcoin investments but Altcoin investments may have higher percentage.
Bitcoin is an asset with high price and an investor with relatively little money would definitely prefer Altcoins as an investment asset to be able to get bigger profits if only with not too much money.

The conclusion is that not all gamblers will have investments in Bitcoin.

Yeah, Exactly, and honestly, I don't think these surveys are needed. From what I've seen, there are a ton of crypto enthusiast who are more into gambling than investing. I'm even leaning towards thinking we've got more gamblers than actual investors. See, when people are all serious about investing, they usually have to throw in a big chunk of money to have a shot at a decent return. It's the opposite for gamblers, though—they toss in a little and hope for a huge payout.

Here's my guess: Out of the 100% who are investors, I figure only about 1% of them are real gamblers. And by real investors, I mean not those who bail on their investment the moment things start feeling too much like a wild gamble.

I don't know how you arrived at 70-80% of Bitcoin holders being into gambling, there is no source for that information and I feel it is completely wrong. Holding Bitcoin and being a gambler are two different things. No doubt integration of cryptocurrency payment has helped in the proliferation of gambling platforms and also make a lot of people to start gambling, that is not enough reason to conclude that 70% of Bitcoin holders and into gambling. In my country for instance, crypto gambling is not a thing and the percentage of people using such platform is minimal compared to the numbers holding Bitcoin. Gamblers are many and are mostly using conventional payment systems in doing their business. Similarly, Bitcoin holders are many too and are not much into gambling. Many of the people that are using crypto for gambling are not holders but can be regarded as users because their winning are easily converted to the local currency via Binance P2P.

You need to add more clarifications  to this. Investing in one business also make you an investors. Many successful businessmen are specialised in one commodity, why can't you calk them investors? Because they do not invest in many businesses? Bitcoiners who bought Bitcoin are also investors because their committed their money in the expectation of some profits.

That's a difficult question because we cannot even count the number of Bitcoin investors. Some created a wallet but never used it, others created a lot of wallets but they are only using one.
But it's safe to say that many cryptocurrency users are also gamblers, especially in today's era where most gambling sites are accepting cryptocurrencies as a means to bet and also for deposits and withdrawals.
Identifying the exact number though will be impossible. Maybe some have tried to gamble using Bitcoin but didn't continue and others just tested if deposits with Bitcoin are really working.
I have a neighbor (not really a gambler in my knowledge) who is asking what gambling site I am using with cryptocurrencies as a means to bet and I told him the 2 best sites, so yes I think when you own Bitcoin and Altcoins you tend to bump to gambling at some point.

If we will consider futures trading as gambling for this discussion then I consider almost everyone here is a gambler except for those hardcore holder only which is very few in percentage.


I doubt that most gambler is not Bitcoin investor since most of us here learn Bitcoin before we explore in different altcoins. Maybe not all use Bitcoin on gambling but that doesn’t mean they are not a Bitcoin holder.

No date is available for this but this forum probably can tell approximately the number of users ruled out to have gambled. Probably a Rough estimation because even if there is a poll for this it's not gonna be an honest result.

However, the percentage of gamblers out of global BTC users will not be easy to get. BTC gambling is hardly discussed outside this forum but what is certain is that these gamblers are also Bitcoin holders.

Even if you try that and you pull off the survey, you can never be sure that someone is being truthful to you in your survey especially if the questions in the survey is a bit confusing and people that answer them don't want to reveal too much about their gambling habit then you might expect some discrepancies or even wrong data. Given that people are pretty stickler if not paranoid when it comes to security, the anonymity of crypto will be a big hindrance to your intention of trying to get data for this thread's question. If you're setting your data on judt the forum members then you're probably going to get 90% since there's a lot of people that's interacting here in the Gambling board.
I think so too but there's also the possibility that they're not a bitcoin investor because there's already thousands of altcoins out there and I don't think that bitcoin is their introduction to the world of cryptocurrency is entirely true anymore. But that's a slim chance and just my baseless opinion at best so you're probably right about these gamblers being a bitcoin hodler.

I don't think it is more than 10%. Being an investor and being a gambler are completely different concepts and most investors I know are definitely hate gambling. On the other hand, there are only a few gamblers that are serious investors. Investors are in the game of making money. Gamblers are in the game of losing it and somehow they don't realize the game they are in. Investors know that building wealth takes time, usually years and getting rich quick is a fairy tale. Gamblers think completely the opposite. They want to wager 1 and get 10 in return in a very short time. As you see these two different group of people don't have anything in common at all so I would be surprised to see a serious investor being a gambling addict.  They contradict each other.

Well, I'm sure we are not sure how many investors and, at the same time, how gambler gamblers there are, and I don't think that a gambler cannot be a crypto investor, and vice versa. My point is that anyone could be a gambler or a crypto investor. And I'm sure most of the investors in bitcoin or crypto currency do gambling. Well, because crypto currency and gambling go hand in hand, let's say many promoters of gambling are usually crypto currency holders because there are a lot of online casinos that offer crypto services.


And that doesn't mean being a gambler can't be an investor. We can say that only a few people who started gambling are investors, because a large portion of them are busy being addicted to gambling and don't have time to invest, or, let's say, their investments didn't go well as they gambled. You are true about the concept of gambling and investors, but still both have a similarity; they both can be involved in gambling. You can bet on a risky investment decision.

Yes, it's somewhere around 20% to 30%. Gamblers often tend to want to win immediately. They cannot wait like investing in Bitcoin. And gamblers often spend small amounts of capital, so their Bitcoin investment will not bring high profits. They will use that money to gamble or buy Altcoin. Because the profits are higher than Bitcoin and faster, the risk will be proportional to the gains.
The percentage of people who invest in Bitcoin are people with large amounts of capital. They consider investing in bitcoin to make profits, while they gamble for entertainment. And there are people who buy Bitcoin, but their primary purpose is to use Bitcoin for gambling.

How can we know the exact percentage of bitcoiner that are gamblers, what will their data or statistical informations do to the bitcoin community, network or the gambling section, or maybe we should just assumed that almost all the gamblers indirectly have bitcoin in their holdings, despite that they may make use of either bitcoin or other cryptocurrencies to gamble on the casinos, they still have bitcoin in their possession no matter the proportion and just few may not have bitcoin, we should consider most of the casino gambling platforms as crypto online gambling platforms.

Do you mean playing games like SatoshiDice with bitcoins and sports betting?

Hard to say, but I guess the percentage of gamblers is higher in Bitcoin compared to the rest of the world population.

We cant really have those real percentages knowing that even just knowing the real numbers on how many gamblers worldwide whether a typical fiat casino gambling or crypto gambler then we dont really know behind
on what their investment approach on which it would really be that totally not known on the actual numbers but pretty sure that there are gamblers who area actually crypto investors on which it wouldnt really be that known on how much they are investing. This is why there would be no exact or precise numbers in speaking about this question or this kind of matter yet it would really vary on a certain individual on how they do give
out emphasis on the time that they do make out investment.

This isnt only really that limited on gamblers but also in other people as well which they do have the funds on doing so. It is really just that there are really that mindful or focusing that much with investment
and some do really both things since they do know on what are the chances and opportunities that it do gives.

And that is where they are wrong, there is a reason why the rich will always get richer, there is a reason why investors will always have the best result,  all these requires money, I mean good amount of money, but just because you don't have the big amount for investment and gambling seem like the best solution is foolishness.

It's not easy to make money they say, and this word is so on point, this is nothing but the easy way out, if 100s of people decide to walk in this path of luck maybe only one or two will come out with good results, all the rest are going to lose their money.

Investors don't find it easy to invest, but they get used to it, they also need money but to get the best result they have to wait for years, those who don't have the money don't want to wait, it's not that they can't find the money, it takes not so much money to be a good investment, but many people just like the idea of quick result.

How can we think of an investor as a gambler? Is it possible to give any information in favor of someone? Maybe many of the investors who are using Bitcoin are involved in gambling but there is no statistics where we can know about the personal interest of an investor. It is very common for people who are crypto gamblers to use Bitcoin but gamblers have no relation with an investor. Moreover, crypto was not established only for gambling. However, it is true that cryptocurrency plays an important role in keeping a gambler's identity hidden. For which most crypto gamblers can use Bitcoin. After all there is nothing specific to say about it.

I don't think Bitcoin investors will be gamblers. Gamblers don't invest. For them, it is important to make money fast and trigger adrenaline. This is hard to achieve in the spot market. Maybe they can do it by making margin trades, but that still doesn't make them gamblers. I wouldn't characterize a gambler who gambles with cryptocurrency as a crypto investor. Assuming that the gambler is investing in cryptocurrencies, I would say that an accumulated amount of money will trigger the gambler's desire to win more. This leads to a cycle and the gambler can never invest for a long time. Because there has to be a long period of time before I can talk about investing.

When you say casino player whether online or offline it is hard to retrieve data because checking online no study provides the right figure and it's hard to come out with a close figure unless an international survey company does this.

Or maybe higher because casinos online are flourishing and so are Bitcoin investors, on your second question, gamblers who use Crypto casino platforms are automatically Bitcoin investors because they are using Bitcoin to gamble so I assume that if you're a Bitcoin gambler you are also an investor.

The data on the percentage of bitcoin investors who are gamblers is scarce because I couldn't find anyone in my quick search. I assume the anonymity of bitcoin investors and the transaction might have contributed to the limited research in the area. However, since the development and growth of crypto casinos, it is common to see bitcoiners place bets using the currency instead of using online casinos that can easily expose their identity. Using this forum as a case study, I will assume that 30% of bitcoiners might be gambling with the currency. My assumption is based on my observation of the activities on the gambling board.

We can't easily figure it out. A survey is needed to extract the data and confirm the percentage of Bitcoin investors that is also a gambler. Maybe half of the Bitcoin investors or rather all of them. We're not really sure the percentage of it will definitely be high. If we look for every place, even this forum, we can see a lot of gamblers that are also Bitcoin investors.

I am not even sure to what extent a survey would help to figure it out.
It would imply those who gamble and invest in Bitcoin would be willing to disclose they own Bitcoin for both of those activities. Keeping in mind that many people try to gamble using cryptocurrency in order not to disclose their activities to their government or even their family, many of them will try to lie about being both gamblers and Bitcoin holders.
This forum is quite of small if we consider the macroeconomics of each one of our countries. Though, it is interesting to me that many of the people here are from Africa, specifically from Nigeria. I have seen some news which say there are a very high percentage of gamblers in such country.

I haven't found any data that can show what percentage of Bitcoin investors gamble or even other crypto investors. To be able to find it, perhaps contact one of the casino owners to ask him to tell the desired data. I think it won't work either because of privacy.
Another way to find out the percentage of how many investors are gambling is by waiting for the year-end financial report, but even that is still impossible in my opinion.

this is just a guesswork the percentage you're giving and doesn't in fact represent or from a reliable data. There many whales that are gamblers and has nothing to do with their investment portfolio's, they conspicuously want to have fun and be entertained with an activity that can also fetch them money.

It' is when you're an irresponsible gambler gambling compulsively that's when you are heading to a pitfall of not having money to save for investment but if you're a responsible gambler you can adequately draft your finances, demarcate and allocate each proportion into what it has been planned for. Being a gambler is not an excuse for not investing for the future.

I think their is no proper data base set up  to actually structure the correct stats that's behind the percentage of Bitcoin investor that actually gamble. But I believe alot of crypto users are not actually gamblers and I believe some of these investor can get influenced by all the ads and stories that are on going here in the community especially they these companies offer free gambling promo that non gamblers too can take part. I remember what my friend used to say about crypto users and gambling, he actually had the perception that are crypto users are gambler which is actually not the truth and also I believe not everyone that also advertise most gambling site are also gamblers.

I would say that 10-20% is a pretty accurate guess.  I know that bitcoin changed the gambling game for me entirely.  I use to use a buddy as my bookie until he decided to give it up.  I think didn't have any way to gamble as I didn't trust checks from overseas companies.  It somehow took me a little while to realize bitcoin was being utilized as a currency for gambling, and I jumped right back in.  Love the combo of gambling/bitcoin.

Would be hard to determine. Gamblers are simply gamblers and it has no correlation with Bitcoin investors. There are crypto investors who are into gambling as well, but there are still non-gamblers; let us just accept that. The only thing which links these two is risk management and risk taking characteristic. However, the risk with investments especially Bitcoin is way different with the risk in gambling. One reason is lack or pattern unlike with market price charts in crypto industry. In gambling, no matter how good your analysis is, if you’re unlucky then expect a negative outcome. Things are just different between these two.

I want to imagine that this is a research and the question you have posed is your hypotheses. The next step is for you to carry out a metanalysis by visiting all the crypto forums where there are gamblers and taking a pool. After which you do your analysis and the accept or reject the 10 -20% which you hypothesized.

If you gamble with bitcoin you are a bitcoin investor because you already invested in bitcoin an it is the balance from which you are taking out to gamble. Simple put you cannot gamble with bitcoin if you have not invested in it.

Most of the so called investors that has few money to start with investing are not so patient, so their approach would be aggressive even consider their type of investment like a gambling, you know, when it comes to investing in the crypto space, bitcoin nowadays aren't really bringing much profit unlike in the early stage, so they are looking for an alternative coins that is quite new to the market and hoping it will boom like x100 return but without realizing that the level of risk is very high, that's why it's comparable to gambling since both have higher risk of losing while despite there's a better side, you'll only enjoy if if you are are lucky enough.

Success does not measure through luck, it's more on how you handle your investment using your knowledge and skills and it will not happen overnight. Take that world "patience", and everything you do is considered as gambling.

Determining the percentage for this is actually hard, you won't get the right figures here as there's no stats yet for this.
He will only be concluding here without solid basis. Also, what's the significance of this figure?
If he does really want to estimate the percentage for this, as suggested above, he can make a poll/survey in bitcoin-related forums and start from there.

we will never be able to get 100% accurate data about this possibility (we cannot possibly survey them one by one because it would take several decades), however there are quite a lot of bitcoin investors who never use the bitcoin they own for gambling, they use altcoins for gambling because of fees and so on, I rarely use bitcoin for betting capital Me, I more often use Litecoin or Tron because the fees are quite cheap, while I keep the Bitcoin I have as my long-term investment.

Uhmmm, the digital currency has had its way into the current renaissance globally - that, infact has been a "problem" and also a solution to different other problems...
I think with that little analysis, coupled with the fact that we've got new peeps evangelised on a daily, I'd say that atleast 68% of gamblers are crypto base. All the same, I think others may have a different view to it.

Sandra 🧑‍🦰

We will not know something like this because in the end it is a condition that I think cannot be predicted because however to verify every person who gambles with all existing investors it will not be possible considering that most people still want anonymity and when gambling only a small percentage of sites have done KYC as one of the requirements so this will not be able to be used as a speculation with a percentage of what percentage of investors are gambling. But certainly in this case when gambling using Crypto as a gambling tool that is done then he is an investor but the scope is also still very broad because in the end even though bitcoin is the biggest chosen as a tool for gambling but not everyone also does the same because there are several altcoins that are choices.

I tried to find out if there had been any research on this, but I haven't found any results. Of course there are some Bitcoin investors who also gamble. Because gambling is an activity that is sometimes fun for some people and also provides good returns, especially these returns can be used for additional Bitcoin investment. Because as we know, there are many online casinos that use Bitcoin nowadays. So this will make gamblers even closer to Bitcoin. but as for the percentage, I'm not sure about that.

but that doesn't mean that Bitcoin investors are gamblers. Because there are many people who invest in Bitcoin as an asset that is worth it for long term holding. But on the other hand, they really hate gambling activities. Because remembering the negative impacts of gambling, especially if you are addicted. So this could be a problem and personal opinion. Basically,

There is no clear data to answer your question about the percentage of Bitcoin holders or bitcoin investors that are gamblers, but however, I think that the number should be above the 10% to 20% you said about, we should consider that more than 50% of Bitcoin investors are gamblers. This is because the crypto-currency market seems like gambling since the price of coins is not always determined except by speculations. This is a kind of gambling and that is why I believe that anyone that has the audacity to involve in cryptocurrency can still be a gambler. Cryptocurrency is the industry that wholeheartedly accepted gambling in all ramification. So they are just like birds of a feather. So, it is not difficult for anyone to begin gamble with their tokens when have excess of it.

In my opinion, the percentage of gamblers who are not bitcoin users is greater than that of bitcoin users. I don't know and can't predict the percentage of gamblers who are also bitcoin users because I haven't seen any surveys regarding this and maybe conducting a survey is also difficult because of the anonymous nature of bitcoin.

Do you think Bitcoin is still often associated with gambling so you question this?

Yes, determining the actual percentage will be difficult, but any speculative financial trade should be seen as gambling. Although bitcoin is been used for trading purposes but on the other hand, traders and investors still do this, carrying lots of risks in their bag. The only relationship between the possibility of traders who gamble is that it's closely possible for a crypto trader to gamble. I don't think any trader would see gambling as a wrong thing. So, bitcoin investors can as well be seen as gamblers because they don't actually know what the outcome of their investment would be. I'd say in the process of figuring out this in a survey. It'll be easier to begin with the number of gamblers who play using bitcoin across all online casinos. You'd notice that most of them are cryptocurrency investors who use a fraction of their investment to gamble. With the sole purpose of trying to quickly multiply their investment. In similarity, they shouldn't be any much difference in comparing the both online activities. In the sense that both doesn't have a specific reliable means of succeeding in the act. So, I can say that a very high percentage of bitcoin investors are gamblers. Not minding the kind of games they play. In addition, some traders of bitcoin still get addicted just like in gambling. While some still chase loss by trying different kinds of altcoins in the market to be able to regain more profits. Which lands most traders into bankruptcy. The similarities are crystal clear, that we may not need to take any further survey about bitcoin investors being gamblers. The probability is high. Talking about KYC a good number of crypto casinos now conduct it, to keep track of player's real life identity. It could also be a better means of getting an accurate result. Then the rest, that is those who do not gamble in platforms requiring kyc can be exaggerated, to get a perfect result.

I obviously think that there is no way the information will render any help to the gambling space or the Bitcoin space. That's why such research has not really been carried out. There is no data for the information; roughly, I think that there are more Bitcoin investors who are not gamblers, but most of the gamblers—a very significant number of gamblers—have gambled with Bitcoin. They might not actually be Bitcoin investors who hold Bitcoin for a long time for the sake of making a profit, but they could just be gamblers who prefer to deposit and withdraw their winnings in Bitcoin or cryptocurrency generally.

I have no idea what percentage it is, but I'm sure most crypto gamblers want to have a lot of Bitcoin or accumulate it in the future. This is the reason why they are here in the crypto space business industry.

Because everyone who enters the community bitcoin business industry knows all the opportunities just so that they can have Bitcoin in different ways. And there are others who are not yet capable of buying a large amount of bitcoin but hope to gamble in the crypto casino to get a big profit so that they can buy bitcoin in the future, in my opinion.

i won't guarantee such statement that most crypto gamblers would want to have btc stash as more then likely, they would spend it also with their games.
but learning the percentage of these gamblers won't give us anything. just give an idea that a lot of crypto users are also gamblers.  ;D
also, i believe a lot of crypto holders are also nongamblers as they would just want to take advantage of this opportunity to increase their crypto portfolio.

It's too hard to determine this information because not every Bitcoin investor is interested in gambling. Investing and gambling are two different activities that can be done without the need to experience both. One crypto user or the investor can focus on investing, the other can do gambling or both. It depends on the person that's why it will be too hard to say

For which particular purpose is this question raised? I mean, what's the relevance of this question?

Anyway, I haven't heard of such kind of data, but your guess might be right. It might be that low. Probably even lower. Before, that percentage could be higher because gambling was among the first use-cases of Bitcoin. During those times when Bitcoin wasn't really a popular investment option, it was already used by gamblers. Now that Bitcoin has been labeled as a new asset class, the number of non-gambler owners must be the huge majority.

I think there are many risk-takers among us Coiners. Otherwise we would be tremble over holding our fiat money, like the nocoiners peasants currently do. :P ::)

But in all seriousness, since we have so many risk takers here, they probably easily get into gambling without much marketing effort from the casinos side. If I was to guess a solid number, then probably around 30 % of us gamble, at the very least every now and then. You could perhaps derive the approximated number from the popularity of the gambling forum, but it is hard to tell, due to all the gambling spam from all the signature campaigns. They could be gambling fans posting, or just some people trying to make some money by posting. Who knows?

That depends on what do you mean, if you mean only those that gamble with cryptocurrencies I would venture to say the majority of those gamblers have some bitcoin in reserve, as it would not make sense to invest in this market and somehow decide to ignore bitcoin.

But if you are talking about gamblers in general this number will be way lower, but at the same time I would expect this number of be higher than the percentage you could find on average on the rest of the population, as many gamblers decided to enter this market simply to try their luck with cryptocurrency casinos.

for some reason, lately there have been lots of questions between gamblers - investors, gamblers - trading as something that doesn't make sense but is interesting to discuss.

and the question is why do we consider what percentage of bitcoin investors gamble?
there is no need for us to consider all this because there is no law that says a crypto investor must gamble and in crypto gambling there is also no question regarding whether the user is an investor or not. and for me gambling is just something that is a little unimportant for investors because usually investors will only think about profits, not throwing money away in vain, whereas gambling is just entertainment by throwing away money in amounts that we can afford.
so if you say 10%-20% I wouldn't be surprised because investors prioritize profits and dont want to take the risks involved in gambling.

Actually it is hard to determine if how much totally the percentage of investors are gamblers. Maybe there are a lot of investors who are Gamblers but we can't figure it out the specific value or them. What they said above that not all Bitcoin investors engage with gambling cause of of an investors are aiming to rich while those gamblers spend some of their money in order to play in gambling which is we are all know that in gambling we can not make a profits all the time.

It is impossible to determine what percentage of bitcoin investors are gamblers because there are many gamblers who gamble but keep their information secret. These are more difficult to extract through online gambling also those who think that gambling is high risk prefer investment and do not use bitcoin for gambling. No one can give any exact guarantee of victory here but even if a new investor holds bitcoin for long term he will get profit if the price rises. That's why most gamblers think it's the right decision to invest bitcoins instead of wasting them by gambling.

Maybe the investor doesn't use bitcoin for gambling and prefers to save his bitcoin so he can get bigger profits when bitcoin gets a bull run. Wise investors and gamblers do this because they have seen what has happened to bitcoin in recent years so they want to be included so they can make a profit from investing in bitcoin. But maybe some gamblers are not yet bitcoin investors and just want to keep gambling, whether using fiat or crypto. These people don't really care about what happens with crypto because they only think about gambling. However, it is difficult to determine what the percentage is because there is no specific data that we can get. Even if we ask the casino, maybe we will only get a little information.

That's what I thought, I have no idea about the percentage but one thing is I know, that most crypto gamblers are aware on bitcoin and has an investment too. I agree in your statement that it's difficult to extract because mostly investors and gamblers doesn't use their real Identity or they keep their information for their own privacy. I've read one of threads here in gambling discussion section last time that more people are using bitcoin holdings for gambling rather than fiat and I think it depends on your preferences but for now, We are all aware that the bitcoin price is increasing it's value, does anyone still using it for gambling?

What are coin accounts ?

You misunderstood my comment; what I wrote there was, does owning a “coin” “accounts/means” that one must be involved in gambling?

The “coin” and the “accounts” are not together.

I think most of the people who invest in bitcoins are busy with trading. But some of them prefer gambling as entertainment. If someone starts gambling with his invested bitcoins it will be the biggest stupidity of him. Some  There are people who like to gamble most of the time they have lost a lot of money for gambling. Gambling is a bad addiction. Investing Bitcoin is addictive but all money is at risk when gambling. Investing in Bitcoin is safe. Gambling is profitable sometimes and sometimes.  Time successful money is lost.

People who hold Bitcoin are Bitcoin investors?

I don't see the point of this comparison because investors are different from gamblers and we won't achieve anything and its impossible to find the figures too that is the practical difficulty in this thing.

What will be the better comparison will be how much gamblers use crypto casinos for gambling!

Then the value will be around 20%.

No one can know, I have never seen any stats regarding this and I don't think there can be because not every bitcoin or cryptocurrency holder has a connection with some casino as many of them don't gamble for sure.

There can't be, surveys can be done but surveys can't cover all Bitcoin or cryptocurrency users, hence, the data will be incomplete.

Of course, it's not important for a gambler to also be an investor, there can be a very large percentage of people who just gamble and don't invest money in cryptocurrencies, some might have been but then stopped and used all their assets in gambling, it's also a possibility.

The point is that there are many Bitcoin users and holders, there are also many categories of investors, but I didn't find any big investors involved in online crypto casino sites.
For example: the most current investors or holders of Bitcoin or the largest investors.

However, none of the five of them staked their Bitcoins on gambling sites, so at this time it is unknown what % of investors are actually involved in online gambling.

But if you search and examine more deeply, almost every online crypto casino operating today, they use Bitcoin, of course they have partners/investors inside, which is the point: there is no official data on Bitcoin investors involved in online gambling.

You're right Cantsay, for someone to own a coin irrespective of its kind doesn't make one a gambler, however we shouldn't also forget that almost all the online gambling platforms are crypto supported platforms, yet we cannot assume everyone having this same digital currencies to be a gambler, which is what you're trying to bring out from the context of how i viewed it, i don't even know how one can estimate the percent of bitcoin holders who are gamblers or not.

The majority of Cryptocurrency or especially Bitcoin users have gambled with their crypto assets, those who are paid using Bitcoin through promoted sites have kept their assets for gambling. There is no definite number to answer this question, I prefer to call it "majority" rather than guessing a number that is difficult to say without valid data. Most Bitcoin investors have gambled, but the number is fewer than active gamblers who are not yet familiar with Bitcoin.

I think counting grains of rice is still easier than find the percentage of Bitcoin holders who're gamblers.

Not to mention each user has different way to classify a gambler is, do you think people who gamble using faucet is a gambler? I consider isn't, do you think people who buy shitcoin and then sell it after few hours or day(s) isn't a gambler? I'd say it is.

The interrelations of cryptocurrency and gambling: Results from a representative survey (https://www.sciencedirect.com/science/article/abs/pii/S074756322200259X)

The study above found that 31% of crypto purchases are aimed to gambling purposes. We could consider this as the percentage of influence gambling has inside crypto industry, although we can't say precisely how many gamblers are involved on that process. Also, the study was conducted exclusively among british citizens, what means it reflects the reality of that island country, without considering other cultures and behaviors which may be different in other countries, especially the ones which have a total difference when compared to the british financial and cultural standards.

It will be hard to gauge what is the percentage of btc investors that are also gambling on the side. You should have put a poll so that we can see a rough estimate of those people. But of course, that alone isn't enough to see the overall picture since some prefer privacy more than sharing to other people.

But if I will just estimate the population based on my gut feel and point of view about these investors, I guess there will be less than 15% of them in totality. This is because in my perspective, they would rather focus their mind and allocate their money in investing in bitcoin rather than spending it for an unguaranteed profit.

Its kind of a silly one, isnt it? What percentage of Bitcoin investors are gamblers is like asking how many people gamble worldwide. Your question is very broad and complicated, and there is no simple answer. In the context of Bitcoin trading, its also hard to say what a "gambler" really is. People who trade every day, bet on its future value, or just like the fun of it are we talking about?

Its possible that your guess of 10–20% worldwide is just a guess, but its definitely a good one. If you think about it, most gamblers probably arent Bitcoin buyers yet. That is an interesting point of view. Both gambling and Bitcoin may have a lot of risks and unknowns that draw people to them. On the other hand, some standard gamblers might find Bitcoin too complicated or hard to understand.

It's hard to say exactly what percentage of Bitcoin investors gamble. Because gambling is a separate thing which is not related to Bitcoin in any way but many people gamble online using Bitcoin because it is completely anonymous and easy to gamble.  And there is no accountability for investing money on gambling platforms. Gambling is a fun place so anyone who needs entertainment is only interested in gambling and is not obliged to become a Bitcoin investor.

well, bitcoin investors, they seek profits. so much so that they keep doing hodl for years until they manage to obtain profits of more than 2x or 3x. So when talking about a bitcoin investor you can already imagine that this is the profile of a more financially educated person in the sense that the coins he is saving are meant to increase and not reduce. Therefore, this investor will not keep taking the coins that were supposed to increase to keep playing at the casino and losing everything. for example, a person takes $1000 and invests in bitcoin because they aim to make a 3x profit, meaning they want to have $3000 within 5 years. It wouldn't make sense for this person to keep taking $100 to play in a crypto casino

so my only idea is that the people who play in crypto casinos are not bitcoin investors, they are people who have bitcoin coming from their winnings or who buy using bank cards for the purpose of playing in casinos, for these people to lose money is part of routine because they know that all the money deposited in the casino has little chance of leaving the casino, the chances of losing everything in the game are much greater. This is my opinion based on the observations I have had over the years about the behavior of bitcoin investors

so far there is no definite data on how many bitcoin investors are gamblers, we can only guess how many bitcoin investors are gamblers and if i think it's not too much, around 5-10% of bitcoin investors are gamblers, or that could be more.

and if we divide again between those who use crypto and fiat in their gambling, perhaps there will be more who use crypto in their gambling considering that the average bitcoin investor definitely understands that using crypto is easier and faster than fiat.

A high number of cryptocurrency investors who are gamblers can be traced to have a high probability of gambling with cryptocurrency. Because they'll never see any reason to use cards to play games, when they can use crypto. Whether our predicted percentages are right or wrong. I can still add that in all predicted percentage, mentioned in this thread, of possible cryptocurrency investors who are gamblers, most of them are quite low compared to the high possibility of having many cryptocurrency traders who are into gambling. Hence, we can begin with the forum. Many of us in the forum are gamblers, or have in our life time spent reasonable time and funds on gambling. Taking the census from here, you'd see that the number of gamblers in the forum would bypass that of non gamblers. Only investors who are not actively into cryptocurrency can have difficulty participating in gambling. As they may have not touched their bitcoin in a long while. But, those who use bitcoin or read bitcoin everyday. They may have came across the widespread of cryptocurrency gambling in online gambling. Which can lead them to try it out and have a glimpse of the fun that follows gambling with our bitcoin. Taking it from this angle. I think active bitcoin users who follow the trend of bitcoin are quite very high. Compared to those who own bitcoin, but don't participate extraordinarily in helping the network. Other than the help they already render to the network by holding bitcoin. They don't do any extra task like; gambling, writing, trading  on bitcoin. Those who want to help bitcoin grow by any means still contribute in different ways like gambling or trading or marketing bitcoin through writing. You'd see that these category of people who go extra miles for bitcoin are enormous and the number of investors who use gambling as a tool to achieving such goal, shouldn't be seen as only 10%. I think they're way too far from such predictions.

Are we "let me get some bitcoins so I can gamble with it" kind of people or not? That plays a big role to be fair. There are some people out there who do not want to invest into bitcoin, but they do buy bitcoin or get bitcoin because they want to gamble with it, like some sort of casino chip for them, but they do get into bitcoin because of it in the end. If we calculate them as bitcoin investors then I would say that there are a lot of people who are both bitcoin investors and also gamblers. However, if we do not consider them as investors, I would be able to say that they are not really that weird, and looks like it is going to end up with something that could change it long term.

Hopefully they could end up with something that should be changing in the end. Lets hope that we could end up with something that would be a bigger change, and should not really be cared about in the end, I personally believe the best would be to just ignore these, and let investors be investors and gamblers be gamblers and not really care who is who.

There is no point in differentiating users, if everyone starts to purchase bitcoin and HODL for the Nth time then there wont be any transaction and it would eventually die off.

It is possible that most of the gamblers are not bitcoin investors but one thing that is certain is that anyone who started early in bitcoin was a gambler in the sense they would take the risk and majority of the bitcoin users that i know are active into gambling

I think that people in crypto are in general people who are able to take risks which is one of the characteristics of gambling people. Those that joined crypto very early are particularly good at judging risk, but at the same time good at creating gambling opportunities. But then there is all that people that use crypto for illegal purposes and launder it gambling.

This is a very difficult question to answer as there can be no accurate percentage of players who are at the same time investors.

In addition, the only information that we can gain and accept is that every investor has at least tried gambling in their lives. While it may not be cryptocurrency gambling, at least some sort of gambling where they risked their money in a risky environment. While this may be the case, we must all understand that a crypto-gambler has at least experienced investing on their lives; and the opposite also applies to this situation.

Gamblers themselves can be categorized into two groups, namely rich gamblers and small gamblers people who are included in the category of rich gamblers have lot of money they even make bets that have lot of risks they always dare to use large amounts of money, so this is the percentage of people like this very big is also Bitcoin investor.
Meanwhile, for small gamblers they think about how they can make more profits with relatively small money, so maybe they gamble and also invest in Altcoin options which when the price increases can reach hundreds of times.
Moreover, every investor has their own strategy in investing just like gamblers who also have various strategies, but one strategy for generating multiple profits is just investing or trading Altcoins,riskie even though it is riskier it is commensurate with the profits that can be obtained.

Making profit from Bitcoin if you only use small amounts of money will never feel very satisfying, but in gambling Bitcoin is one of the favorite currencies because of the various benefits that can be obtained.

Can't say for sure how many, but I've got a hunch that a pretty high of gamblers are diving into Bitcoin. I'd venture it's more than 40%, just thinking logically that the volatile market is perfect for speculation. Gamblers tend to love speculation, so there's this connection between the type of Bitcoin market and the gambling mechanisms they use.

The gambling scene in the cryptocurrency space seems pretty unrestricted right now, making many feel comfortable and secure jumping into the crypto world for some fun. There's also /]coinomize  (https://[banned mixer)ready to help you mix your Bitcoin for better transaction privacy. The crypto space's ecosystem is quite inviting for gamblers looking to place bets, which is why a lot of Bitcoin investors are also keen on throwing down bets using crypto.

What do you mean, OP? Bitcoin investors who gamble here in crypto gambling also use Bitcoin to match or just gamble in the crypto gambling industry. Because if Bitcoin is the equivalent, I don't think any gamblers will do that right now because of its upcoming halving next year and also a bull run.

But if in cryptocurrency that is often used stablecoins and other cryptos like dogecoin, there are many people who are doing it here who are actually investors.

Rich gamblers and Bitcoin buyers tend to like big-payoff risks. This strategy is thrilling, but not for frightened people. A large cash cushion is needed to handle losses. Risk management is an intriguing change. It's not enough to have lots of money—you must know when to play and fold. Bitcoin follows this guideline as well as high-stakes games

Let's examine little gamblers and altcoin traders' paths. In addition to playing, they plan how to use their tools. Their choice of cryptocurrency demonstrates their willingness to take risks for significant gains. Not the same, is it? Their approach emphasizes investment basics: diversify. Instead than betting on one altcoin, they gamble on several. Despite its risk, this plan may increase their revenue. Risk and reward are delicately balanced, so be courageous and prudent

I was actually thinking about the reciprocal. They can gamble it, in hopes of increasing it more but there is still a problem here and that is the high transaction fee of BTC. This prevents them of doing it. Even without a KYC, I think that a gambling site can still have a way to track their unique players. We are lucky if some of them can reply on this thread about this matter.

Yeah, not all gamblers are investors because both activities are not the same. There are gamblers who are only doing it, mainly to get entertained. Bitcoin investors on the other hand, can refrain from gambling because they are more into business or making money and they know that gambling might affect them.

No data to be shown since no people ask a data regarding on this condition. But there's a lot of us surely participate on any gambling activity but it just we don't know the actual figures.

Maybe the least thing we can do for this is to check the activities of people using bitcoin in this forum and see how many of users are into gambling since by visiting on threads or maybe on gambling discussion board you can see and get an idea that there's a lot of people participating on gambling activities. We also should not get surprise about that since here there's a lot of gambling site exist so provably many people will gamble because they want to test how fun it is or other try to see if how could they earn some money by playing simple games on a casino.

That's a good idea! If we will do that checking activities, I can say that there's a lot of gamblers are exposed in investing in bitcoin too, But not a reliable basis though, just an estimation only. I observed that most people participating in gambling discussion are more active when you visit the bitcoin discussion, in that way I can assume that they are also investors and traders not just a simple crypto gambler.

If there are alot of bitcoin users who are also gamblers, then i think it's because they have found the use of crypto casinos more interesting since they support the use of bitcoin for gambling unlike before when things are just base on fiat while using online gambling platforms, it's also another advantage to them to gamble without having to go through the use of exchanges before they can be allowed to use their preferred gambling platform to bet with bitcoin which is the currency they have in possession, so using bitcoin for gambling comes with alot of ease and the gamblers will always want to have such opportunity to use bitcoin since almost everyone is well familiar with having bitcoin with them.

A large portion of gamblers nowadays are involved with crypto gambling. Crypto gambling has gained huge popularity among those who used to gamble by fiat. What has played a major role in its popularity is the fact that gambling with crypto can be completely confidential. Gamblers who know about Bitcoin are the ones who are enthusiastic about crypto gambling and are ahead of Bitcoin investment. Since Bitcoin is a completely decentralized currency, its statistics are not available. But approximately we can say that a large part of Bitcoin investors are involved in gambling. If we take a look at the forum, it will be seen that most of the users are involved in gambling. However, its total number can never be determined.

Yes its because we can see a clear picture here rather than guessing the numbers anywhere. There's a lot of promotion happening plus a casino run a signature campaign that's why its not surprising that many of those people here including newbie will try there luck on gambling since many though that they can earn money here and some may think that its best platform for them to have fun especially when they are bored and want to find an area or where they can burst there emotion.

This forum is like a all in one platform for all bitcoin and crypto users that's why many business owners offering any type of businesses since they know that there are so many people that ossiblly avail there services offer and we can see that on forum statistics or activities happening.

I don't know where you got your stats from but I can tell that there are more bitcoin Holders who gamble. Gambling can be a more enjoyable thing using crypto. Everyone who gambles on this forum have Bitcoin or uses cryptocurrencies however not everyone one on the forum gambles despite having Bitcoin.

Doesnt matter if they are bitcoin/altcoin holder or not, anyone could gamble anytime and anywhere they want. Its their money and we do have the full rights on what we should gonna do with it.
Gambling is for fun and investment is for long term. We cant really be able to differentiate on which one is an investor or which one is really just that playing gambling. Percentage cant really be known
because we've been aware that when it comes to investment then each one of us would really be that discreet or wouldnt really be tactful about it. There's no need for us to boast
that we are bitcoin investors or simply having some crypto into our wallets. It is really just that there are people who are really that loving to know and see
if how many are really investors on which this is a private thing.

After the emerge of the crytocurrency based on the gambling sites many gambler was from the bitcoin trading.So gambling sites was no created based on the crytocurrency now and it increased because of the increase in the crytocurrency based traders for now.The profit from the bitcoin trading and the profit from the other crytocurrency was used by the gambler into the gambling sites.So the gambler also used the fiat along with the cryptocurrency for the gambling and withdrew in crypto and fiat now.Many crytocurrency based gambling sites allow the gambler to withdrew the winnings in the fiat was the welcome one now.This was the biggest reason for the trader to do the gambling based on the cryptocurrency now.The bonus also more for the cryptocurrency based gambling sites.

Once I even believed that every bettor on blockchain platforms had discovered games because of Bitcoin, but today, with the absurd increase we have had in online games, it would certainly be very wrong to say that.

For many people, the act of buying cryptos only has one purpose: Spending it at a casino that only accepts cryptocurrencies. Investing in Bitcoin or other crypto is far from your goal, unfortunately.

I believe today that many of those who discovered Bitcoin more than 5 years ago are not players.

I would say that we are seeing a reversal of how things used to be, years ago people discovered bitcoin first, they used it as an investment tool, and then they discovered they could gamble with it and if they were favorable to the idea they decided to do so.

However online gambling has gotten so popular lately that people now discover cryptocurrency casinos first and they buy bitcoin with the express purpose of gambling with it, while having no intention to invest in it, and while I think they may be missing an opportunity to increase their capital by investing in bitcoin, at the same time there is nothing wrong with doing this as those people are using bitcoin as it was supposed to be used, as they are using bitcoin as a currency to acquire the services they want.

Yes, it true that those gamblers who always buy Bitcoin as an investment asset certainly have spare money to be able to deal with the risks that exist, in fact they don't have any feelings of fear at all about the risks that could occur.
People like this are truly extraordinary because they dare to risk money to make bigger profits, they think money is about numbers, not everything and they have a way of making money all the time.
It only natural to see that people like them tend to be more successful and successful because they are not afraid of risks, they can also overcome risks in every path they take.

Of course, it will be very different because small gamblers will prioritize how to use the least amount of money and make more money.
Likewise, in terms of investment or trading, they tend to take altcoin tokens or even tokens that are just about to be launched on the market at relatively cheap prices with the aim of being able to make profit when there is hype or an increase in prices.
But when what they want has been achieved they feel dissatisfied and do more things which give rise to greed.

Investing in Bitcoin and gambling are two different sites, so considering the two aspects, the number of members in Bitcoin investors and gambling sites can be different. Just as many people around the world gamble by joining online casinos, so many people around the world invest in Bitcoin. Again there are many people who play online gambling along with investing in bitcoins. I am a gambler as well as a Bitcoin investor if I say so. I gamble in my spare time but I prefer investing in bitcoins. In addition to investing in bitcoins, I also do some time trading. Gambling entertains me and when I win from gambling I try to fulfill my small desires with a portion of the profit. I am now involved in all three, investment trading and gambling.

It's challenging to determine the exact percentage of Bitcoin investors who could be considered gamblers. The distinction between the two is quite important. While there might be some overlap, as in any financial market, most Bitcoin investors approach it as a long-term investment rather than a form of gambling.

If we were to estimate, I would be cautious about assigning a specific percentage, and it would likely vary significantly based on different factors such as regions, demographics, and market conditions.

As for the possibility that most gamblers are not Bitcoin investors, it's plausible. People who engage in gambling activities may not necessarily be interested in or have the financial literacy for investing in cryptocurrencies. The motivations and risk perceptions of these two groups could be quite different.

Although we won't know, because there is no real data as you said before, I agree with the intuition that the profile of the Bitcoiner is more like the one stop shopper you said, and instead of investing in different businesses like the traditional investors do (diversify, not all your eggs in the same basket...), they will be investing in different altcoins instead, and in the case of maximalists, not even that.

And yes, I agree with a profile more inclined to gambling than investing, although there are also stone hand HODLers who will stack even the last sat.

At the very least, people who invest have pretty good financial control skills. And I think people who invest in bitcoin will not be too interested in gambling, even if it is cripto-affiliated gambling. Because they understand that investment is to increase their income, to get money. While gambling is just a waste of money. And even if they gamble, they gamble just for fun and don't take it too seriously.

That's just my guess which could be right and could be wrong. Because to prove this I have never seen survey results that show the involvement of bitcoin investors in the world of gambling. And if anyone knows the innovation, please let me know, because I am also a little curious.

I know that most people who know about bitcoin also gamble because everything is on the internet, so it is difficult to give accurate statistics. I'm not sure if some places are also closed to gambling, they may also have difficulty accessing bitcoin, but it's not exactly the same.
And the opposite is true for gamblers, including offline ones, they may just like to gamble for entertainment as well as to make money, and looking at crypto, they may not necessarily participate in it. In many cases that I meet in real life, they don't even know about bitcoin, and they still assume it is a Ponzi scam :) , and that is definitely ignorance. There is a real familiarity between bitcoin investors and gamblers.

I am a bitcoin investor and I like to gamble. Like other games, gambling is just fun for me, the money I earn from gambling is my bonus money and I use them as spending money. Currently I win mostly by gambling although some of my strategies have helped me in this regard. A person has invested in bitcoins, seeing that he has invested in bitcoins, he cannot gamble, the main point is that we should gamble without becoming addicted to gambling. Gambling is fine for us as long as we treat gambling as fun but whenever we expect too much from gambling the results of gambling will go against us. I usually prefer to gamble with stablecoins because gambling with Bitcoin means I lose if I win.

I think you are asking all questions and the percentage of your guess may not be confirmed. But I think the exact figure can only be known if a survey is done on that across then we can be certain what it is.

On my personal response, I won't talk on percentage but what I think is quite a handful of bitcoin investors will be gamblers and reason is they all involve same kind of exposure and purpose. Exposure in the sense that it follows almost same process of internet education and information. Moreover, they both relate in ads interchangeably, meaning you can see gambling apps on an exchange or bank online app.

Therefore, the ultimate goal is for profit. So it is not unlikely to find an investor in bitcoin trying to also leverage on gambling and the same goes for a gambler trying to leverage on bitcoin investment especially with the bull on the corner.

I'd say it's a lot higher, and even more when you include all of crypto like altcoins and nfts.  I mean essentially with how volatile those are you can say it's actually a form of gambling so that 100% of people that "invest" are gambling.  Either way I'd say it's way higher than the 20-30% range even if you don't consider crypto gambling.

Winning in gambling is not something that we can be sure of, because it could be a coincidence. The comparison between our victory and defeat in gambling, of course, the possibility of getting victory is much smaller than if we get defeat.

It's a good thing if you use the winnings you get to increase your spending money, but if you play gambling too often and are often uncontrollable when doing it, then in the end the opposite happens, spending money becomes more reduced because allocating some of the money to play more gambling.

And Gambling is not a necessity and gambling is not a good activity and should be our daily activity, because the longer we play gambling, the closer we will experience gambling addiction. Gamble only in your spare time, gamble without having to interfere with your main activities, especially work and our responsibilities in the household, then this will allow us to become a responsible gambler and also allow us to avoid the addiction to gambling.

There's no such thing about precise prediction on what are the percentage considering that we cant really be able to know on whose investors and who are gamblers.
We dont know that every gambler is an investor and how things could really be able to determine? There's no way on doing so since these are personal things and something that cant really be
that easily be known and this is why it would really be better that we shouldn't be minding about things specially on something that cant be known or something.
For some insights, then as a gambler then they would really be allocating some funds if they do decide to gamble if they are someone who are really up to investment.

Excessive gambling can be a sign of addiction. A gambler is addicted to gambling when he feels that he is losing regularly in gambling but is unable to quit gambling even after losing regularly. Gambling addicted to gambling and gambling as a hobby have the same purpose, the purpose of both is to make money but the purpose of both is the same but the effect is different. A person who is addicted to gambling will have very bad effects of gambling but a person who gambles as a hobby will not have any bad effects of gambling. That's why we should enjoy gambling and take gambling only as fun as we have the chance to win money and gambling will not have any bad effect on us or my family.

It is very difficult for gamblers who are addicted to gambling to admit loss from gambling. They will continue gambling again to recover from their losses or to chase their wins again. However, they tend to want to continue gambling because gambling has become their passion to fill their free time. His goal in gambling is no longer looking for fun and entertainment but has changed, but he himself doesn't know what his goal is now. He just felt that by gambling, he could feel comfortable and not want to do anything else. It will be more dangerous when he only spends his time in the casino without doing other activities because he could become a person with a very serious gambling addiction. And if that happens, it will be difficult for his family because they will definitely be confused about how to cure him.

In fact, it is really difficult to figure out the statistics of bitcoin investors and gamblers. You are right there are many investors who gamble and many gamblers who invest in bitcoin. Gambling is a good investment true both investment and gambling involve risk and choice especially capital risk in the hope of future gains. Goal Gambling is usually a short term activity while bitcoin investments can last a lifetime. The risk is low and many investors prefer to hold bitcoins rather than lose them gambling. Also gamblers have negative expected returns in the average and long run.

You can probably find out from a tracking website what percentage of people worldwide gamble. But it's impossible to say how many percent of bitcoin users gamble. You will not find its accurate calculation anywhere else. 10-20% This is just your personal guess and thus only a guess but no one can say how true it will be. But I think most of the people who love bitcoin and invest in bitcoin only choose to invest in bitcoin and not to gamble. Because they get a better investment experience from Bitcoin itself

Mostly, those who hold bitcoin are also into gambling activity. Although not all of them but definitely more than 50% of these bitcoin investors are also enjoying gambling most especially that in most crypto casinos, bitcoin is the highly accepted form of cryptocurrency. Although some may be using fiat to gamble and keep bitcoin as their investment, still majority of these bitcoin investors are definitely gambling at the same time.

However, different case when it comes to gamblers as most of the gamblers are not into bitcoin investment. Some are just gambling for entertainment only, but I think for those who have been gambling regularly, they might have been engaging into investment, if not bitcoin, then most probably into other physical investments.

Probably because currently people who hold bitcoin can use their assets for investment, buying things supported the use of bitcoin and lastly is the use for gambling, for sure people who have this will get curious about gambling and try at least to make a deposits and try to make a game, even though they are not a active gambler still considered they are part of the gambling community with their experience.


Once they see the use of bitcoin or crypto itself as can be used for entertainment and once they enjoy possible they will continuously do this kind of routine, and now its up to them if they treat this as part of their entertainment only or could be another investment for source of income.

Your stat could be higher or lower because there is no available data to rely on but your assumption that most gamblers are still not Bitcoin investors could be wrong
if a gambler plays on Crypto casinos which are popular platforms for online casinos, he will see the full potential of Bitcoin, and being a gambler who wants to make a profit he is likely to invest in Bitcoin since he is a gambler, there's a big probability that he will use Bitcoin to deposit and bet, so we can say that gamblers are most likely Bitcoin investors.

There are no statistics for this but I must tell you that Bitcoiners are regular people too, so what is happening in the lives of regular people is what is happening with Bitcoiners too. Many might tell you that they invest in only Bitcoin, but it's a lie, most of such people have altcoins as they are trying to diversify their portfolio and also make more return on their investments.

But for another asset in the traditional market, many may not get involved in that truly, but it's not for any other reason other than they are not just inclined to that. If not for Bitcoin and cryptocurrency, there are a lot of people who wouldn't have known about investment not to talk of trading. However, this is not because they wouldn't want to try to gain their own slice of the cake in such investments but they just do not know other means by which they can invest and make money. Also, for the fact that some already know cryptocurrency and are gaining from it, they might not want to bother themselves with other means of investment.

This is the way I unbiasedly see it.

Responsible gambling can be fun and exciting. In contrast, the situation you describe is very different. When this happens, gambling goes from being a fun activity to an all-consuming addiction. Individual's inability to notice his changing goals is a problem. Isn't it strange that the bettor looks for comfort in something that is clearly leading to a problem? There's more going on here than just passing the time; it's a deeper psychological trick. It's dangerous because, as you said, it could ruin his finances and have a big effect on his family and social life. What is the best way to balance the thrill of gambling with the possibility of bad things happening? Finding the thin line between love and addiction is very important. Support systems are very important in this situation; being aware and acting quickly are necessary. But how can we make sure that the appealing nature of gambling doesn't make us forget how important it is to be self-controlled?

There's no reliable statistics of crypto gamblers who are Bitcoin investors but we know that every crypto gambler in one way or the other must have transacted using Bitcoin but still it doesn't make them investors in Bitcoin but it's very possible for an investor to be a gambler.

Not every investor is a Gambler. Most investors especially high profile investors keep their assets in cold storage wallets where they have limited access to their assets probably because it was ment for the long term investment hence they will not be able to gamble with it, and their has been no official collation platform who can provide an exact statistics of Bitcoin investors who are gamblers and those who are not so your question at the moment have no straight answer.

It is quote impossible to know What percentage of bitcoin investors are gamblers. I googled this topic and finally used AI but couldn't find it anywhere. It is impossible to truck it. It is possible to track how many wallets are holding bitcoins but how is it possible to track the bitcoins you are holding? So how is it possible to find out which Bitcoin users are gambling? So I think such question is unnecessary

Mostly, that is what happens to gamblers who cannot gamble responsibly. They will spend more time even though at the beginning of their gambling, they could have implemented responsible gambling just to have fun. But along with the pleasure they get, slowly, the responsibility they have built up begins to disappear until finally, they cannot be responsible with their gambling. They eventually become addicted to gambling because they have lost their responsibility in gambling. In fact, they can apply clear limits to the amount of money that will be used for gambling. But because they lose their responsibility in gambling, they can no longer be responsible for their gambling activities. If this is the case, gambling games are no longer fun because their goal in playing gambling has changed completely and there is only the desire to win and chase wins or recover from losses. If that happens, they will not be able to determine how much money to gamble with because they want to gamble continuously.

At first, gambling is just a way to have fun, with limits that you set for yourself. But over time, the satisfaction of winning or the desperate need to get back what you lost can overpower the original goal of having fun. This change isnt sudden; its more like a slow leak, where self-control wanes almost imperceptibly. Isnt it funny how the desire for fun can turn into a strong need?

Being responsible when gambling is very important, but you have to be very alert to keep it up. We often dont realize how tempting possible wins can be. The hard part is figuring out when something goes from "fun" to "need." How can we help people think in a way that keeps them from becoming addicted to things they enjoy? Maybe the answer is to regularly think about yourself and set clear, unwavering bounds. The goal is not only to gamble safely, but also to keep things in balance so that gambling is still a choice and not a must.

It's normal if initially the desire to have fun from gambling then turns into a strong need because, in gambling, many temptations can make us lulled and we can't stop ourselves from missing it. But everything can definitely be overcome if you have good self-control so that any temptation from gambling that you encounter will not be able to tempt you to continue gambling. You can restrain yourself and even quit gambling without burden because you know that you have had enough gambling and it is time to stop gambling.

I think they need the right mindset towards gambling first and maintain it so that it doesn't change after gambling several times. People tend to change their attitudes after gambling a few times, especially after winning. They thought that they could still win one more time but it turned out that it wouldn't work. The last win they got was the last win for them, and after that win, they lost. Maybe they need to set limits on gambling so they don't overdo it and can immediately stop gambling when they've had enough, whatever the outcome.

What makes it harder Bitcoin is pseudonymous, one person can own more than one address.

The only way to know is fiat casino, since one person can only have one account in a bank, even they use more than one banks, their names are recorded and we can eliminate it in order to get the actual statistic.

In Bitcoin, it's impossible.

When a gambler loses a gamble, his only target is to recover his lost money at any cost. The idea of using the lost money leads to greater risk taking, which results in most gamblers taking a bigger risk in the second step and losing more money. At that time a gambler should realize that he is walking on the wrong path and by walking on this path he will never reach his destination. If you start walking on a road without determining your target, but that road will never end. No matter how difficult the road is, you need to make a target of that road and plan how to overcome that difficult road. If you are a gambler you have gambled you have lost wait and try to figure out the mistakes that were from your losses. Find out your mistakes and work on them so that you don't make the same mistakes again.

Yes, people could have be able to have;

1. Multiple accounts/multiple addresses
2. Easy in and out of funds

Truly anonymous on what we do all know, there's no way on trying to identify out if those people are indeed owning that huge amount of money
and if they are involved on investment and there's no way on f*ckin to be able to find out and why people would really be that
trying to look with those things considering that its none of our business if they are investing or not? for what purpose? reason?
Everyone could be an investor and a gambler at the same time or otherwise.

If a gambler has a target to recover his lost money, it will not be achievable because gambling is not a place to make money and casinos will not give it to him easily. The gambler will experience losses more often than he will have the opportunity to recover the money he lost so he must know that he should not do so because the risk of losing his money will be greater. When a gambler experiences a loss, he should immediately stop gambling and leave the casino so that the desire to recover his losses will not become greater. This is often faced by many gamblers, especially gamblers who do not have good self-control so they will still return to the casino after depositing some money.

In the world of investments, you don't need to be a user of a product or service for you to be called an investor as
supporting such could be because the product is viable for it to be sold on the market, though the best investments come from those that one can relate to by being a user and in this example be a gambler and have first hand experience of how the product works.

But what percentage of bitcoin investors are gamblers ? I think less than 40% give or take as the people that invest are low risk takers and gambling already is known to be high risk!

you're absolutely right, as an investor, you don't need to become a user of a product or services but we all have a different perspective when it comes to this matter, Some people wants to try it first so that they will have an idea how it really works or if the product or services is worth to invest, They just follow the rules in investing "Do not invest on the things you didn't know" and it became a reason for some people to do gambling because they believe that it is better to know everything about it before they invest but sometimes it turns out that the  plan to invest is gone because they focused more on gambling.

And why would you possibly think they'd be around 10-20%? I don't think it's possible to get an accurate account of that because there literally no way to find out an exact figure. But my own guess is that majority of gamblers who use crypto casinos to gamble could be involved in Bitcoin investment, so of you can be able to get the total number of crypto gamblers then you might as well have a hint or clue of how much percentage of them would be involved in Bitcoin investment

That is an interesting question, how did you come up with 10-20%? Not sure if there were any polls done here on the forum already, to see how many forum members have gambled in past. Given the large number of gambling posts each week I would expect the number to be much higher than 20%. From my friends that are involved with cryptos as well everybody has gambled in the past and most of them even gamble still today. There are a few factors that have helped to increase that number. First of all the covid pandemic, with many people being stuck at home during lockdowns we were looking for alternative ways to enjoy ourselves. Gambling from home in crypto casinos was a great way to do it and the boom in new casinos shows how many people started gambling. Another factor is the availablity of the internt, with our lifes becoming more mobile we enjoy gambling on our cell phones whenever we have internet. So, I would expect the number of bitcoin investors that have gambled in the past to be closer to 60%, just because it's so easy to access online casinos and the majority of people enjoy gambling.

Oh no, this isn’t true. Bitcoin wasn’t created for gambling, and the percent has to be low because there are a ton of other things to do with Bitcoin. There are people right now who have heard or even used Bitcoin but do not know that there’s a platform somewhere that accepts Bitcoin for gambling. I think it’s because you’re already used to this information so you forget that it isn’t norm for everyone to know these things.

An investor is someone who partakes in any investment. So, what’s an investment? It is putting money or some resource in something with the expectation of gaining profit or benefiting later on. Would you still say that Bitcoiners aren’t Investors?

For gambling addiction support system can only yield solution to the gambler when first, the gambler recognizes and accept that he has now turned an addict, and consciously align with the those rendering the anti-addiction support in making sure he escape from it. In otherwords, without the addict agreeing that he's an addict and needs help to be free from the addiction no weight of support system giving will be useful. There are gamblers that have moved from fun gamblers to addicted gamblers and they are not aware they have crossed that thin line, such gamblers are not easy to advise.

It's just an estimation. 10-20% means 1 or 2 out of 10 investor is a gambler. There are up to 219 million bitcoin owners, it's hard to say how many of them hold or hodl. Out of 2019 million owners, half of them can be users who use it only for transactions and not for investment purposes. Probably it's safe to say that 1% of bitcoin investors are gamblers too. When I was participating in Bitsler's signature campaign, I was actively checking chat and bets history. One thing that I noticed was that many people who were betting from 1 to 10 bitcoins, were early adopters who had hundreds or thousands of bitcoins and didn't care about loss of 1 or two bitcoins.

Op I understand what you mean, it will be difficult to give the accurate percentage of Bitcoiners who  gamblers, there are many gamblers who make use of Bitcoin to gamble and to get the number of them is not that easy, I must be sincere with you,  mainly most bitcoin investors that are involved in gambling are those ones who own more bitcoin and wants to gambling to see if they can increase their earnings so that they can either invest it back or with the it for personal use, but thing is that any investor trolling this way may end of not having any investment in bitcoin again as a result of the addiction that's involved.

The truth is not all Bitcoin investors are gamblers and not all gamblers are Bitcoin Investors.
The percentage of Bitcoin gamblers can never in anyways been accurately predicted rather such measures can only be assumed specifically on Bitcoin investors who are users in this forum.

We will not know the exact amount, especially as a bitcoin investor will not want to reveal his identity to the public or show himself as a gambler who uses a lot of bitcoin. He will always try to hide himself, especially now, that bitcoin is so popular that it makes him want to remain anonymous. Likewise, with the number of gamblers worldwide, we also don't know for sure, especially since gamblers use many methods to deposit their money. Crypto gamblers are also like that because the wide choice of coins for gambling means they don't know who they are, and maybe only the casino owner will know who owns the account that has been gambling at the casino. That number will always change because there may be an increase in the number of beginner gamblers who start gambling because they see lots of gambling advertisements.

All I will say is just from my personal observations and no real data to back it up. In my own case, I will use myself as a case study. I have known gambling before bitcoin, this is because gambling has been in existence for a very long period of time before bitcoin. Infact I will not be surprised if there are still people who know nothing about bitcoin. I mean many of them

Then, both gambling and bitcoin investment is about risk but while one is a professional risk, the other is not considered a professional risk. Every bitcoiner must have been risking in gambling before Bitcoin was invented. Maybe as bitcoin was birthed they decided to stick with bitcoin trading and investment and say bye to gambling. In conclusion, every bitcoiner must have gambled at a particular time but not all gamblers know about bitcoin.

Not all that you see here's a gambler many people does not like to involve in gambling except that may their signature is participating fully in gambling so what they are trying to do is that getting the statistics of the forum members who is into gambling not many of them is a gambler because I know that forum will not more anger of someone to participate in gambling,  so therefore participating in a gambling is basically a personal understanding with you and gambling, some can discuss with issues of gambling but they can not gamble

Well, this is something the  truth that we might be seeing tons of gambling discussion thing but this turns out to be a typical requirement of their signature campaign on which it isnt really that hard to understand and making some responses into those gambling discussions unless if we do speak about into those main threads on specific sports then this is the time that you could really be able to differentiate into those people who are knowledgeable into gambling/betting compared into those people who arent really that playing at all which there are some time that these things are evident or something that you could really be able to notice out. Thisi is why its not shocking that not all would really be that gamblers who had posted into this thread.

Compared to the general population, I think that Bitcoin holders are more interested to take risks.
Simply holding an asset that is as volatile as BTC will mean someone has a high risk tolerance and likely therefore to also gamble.

So with all the freedom and lack of restrictions associated to BTC I think it was a very good environment for gambling to flourish. It has been a very good combo so far. Personally though I think that gsmblers that are accustomed to gambling with FIAT are more inconsiderate with how they gamble. Might just be me but bircoiners want to HODL more than anyone holding FIAT.

That's a valid point. Even before bitcoin or the whole crypto in general was commenced, there are surely bitcoiners (or whatever you called it) that are already involved in gambling. Now learning the advantage of using crypto in gambling, others shift their gambling habit from the usual fiat gambling into crypto gambling.

Referring to bitcoin trading and any other bitcoin-related investments, these are just an added option for these crypto gamblers if they are interested in doing so. There are crypto gamblers who also involved themselves in trading while others just remain focus only on crypto gambling.

That is almost a perfect parable if we compare it with risk. But, The risk itself is already also big, so there will be a possibility of 2x the loss if done simultaneously. I assume people will think twice if they will take also multiple risks. so that's a possibility percentage of fiat holders will be more than much playing gambling than bitcoin holders. Because the risk of fiat holders is smaller, so they will be more comfortable gambling than bitcoin holders. But, when we talk about convenience, of course, bitcoin holders will gamble more because it is easier to make transactions than use the fiat.