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The short answer is no. The mining process may admittedly involve some chance for a win or loose but that entirely is dependent on a computational algorithm that miners solve. The process and methodology is quite distinguishable from gambling that involves staking before the process starts. If for instance you were not the first to solve the computational algorithm, you do not get debited for missing the chance as is applicable in gambling.
The only aspect of gambling in bitcoin is when you day-trade and expect an imaginary huge returns. You may gain or loose and imo, that's the actual gambling.
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You can hardly get a thorough review on what ICO to invest on by throwing the question publicly. It's a good practice to learn how to analyze projects objectively first. There are good materials about what makes a great project. Get some, prepare and inform yourself if you in this business for real.
However, if you have done your homework and are looking for validation from folks, that's ok. At the moment, based on the bearish nature of the market, you need diligence and shrewd analytical prowess to tell the wolves from the sheeps. I have added a few projects to my portfolio this year: Elastos, Merculet, Egretia, IpEx and Helbiz. So DYOR and good luck.
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The core value of any currency/tender is its adoption and usability. If you take a little trip down memory lane, you would find that the competitive advantage of any currency is in its use case. In 1973, president Nixon of the USA took the US dollar off the gold standard and USD hedged in FED became a global standard currency for international settlements and transactions. This is important to the dollar as a currency because its international presence ushered in deluge of usage hence its assumed enviable status globally.
Conversely, bitcoin would plummet and eventually become isolated if nobody uses it. It's core objectives would have diminished to a level where it becomes non existent. Hodlers would get disinterested and dump at the slightest opportunity.
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Basically, I use Bitcoin as an investment. It has worked perfectly well for me that way because I am never under pressure to panic sell in bear markets. In fact, I see low prices as an investment opportunity and use it deliberately to feather my nest. This approach at its best would bring profits and at it's worst would keep initial capital safe.
Secondly, it's unequivocally a great way to make transactions quickly, conveniently and decisively at a low cost at the comfort of your home/office. I buy things across boarders and the ease of payment with Bitcoin is legendary. With the lightening in place, cost and speed of transactions have greatly improved.
So, there're other ways I use Bitcoin to accomplish anything, but I think atm, these are top of my list.
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Mining like every other business comes with undeniable risks. I'm wondering if your research was wholistic at all if you were unable to at least know the cost/benefit analysis. If you have been successful in this earlier with modest investment I would have advised you to reinvest part of your lifetime earnings and do it full time for a couple of years. However, with your admittedly lackluster approach to research, it'd be safer to invest part of your earnings and another part in further research. Honestly, you have to get the rudimentary knowledge and not wishful thinking.
Therefore, with an adequate preparation and a decent budget, you could start your mining business while having fingers in other endeavors as a soft landing when the chips are down. Good luck.
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Life comes with myriad opportunities everyday. There're other things happening right now we don't know about and would wish we knew in 10 years time. It's just normal for some opportunities to slip off ones fingers by the whiskers. Now that we know about Bitcoin, we belong to the less than 2% of the global population that are privileged to be in the know today.
I personally, start from where I meet opportunities and focus on making the most of it rather than loose sleep over what would've been that would never be. That way I was able to find ETH, Elastos, Cybermiles and Merculet.
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The best strategy is to always pay attention to due diligence before investing. ICO investment has a lot of nitty gritty stuff and one gets frustrated with the unprecedented amount of project launch lately.
However, there're pretty good projects out there to invest on. I personally have a strict guideline on what I invest on. At the moment I would suggest some infrastructure projects and one or two seemingly attractive ICOs in no particular order:
1. Cybermiles ( obviously with their testnet coming up in few days) great pick
2. Merculet
3. Egretia
4. Cool cousin
5. Cardstack
With that being said, always DYOR and follow your passion and instincts.
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In terms of storage, I have different methods based on my strategic plan. I have used this for a while and it doesn't only give peace of mind but also makes transactions a pleasurable experience. I basically use Nano s, blockchain and exchange in decreasing order of trust.
First, most of my Bitcoin come from altcoins. So my blockchain gives me the flexibility to invest and withdraw back earnings.
Secondly, the exchange helps me hold the amount I'm willing to trade or invest with. This is where I convert my altcoin holdings back to Bitcoin.
Thirdly, my Nano S is like my FED. All my surplus and main holdings and profits are reserved here. Even AI won't help you locate this device in my house. I alone and God know where it is.
Therefore, each stage or method is deliberate and strategic in that regard. I know where , when and how to get things done based on my mission per time. I hope this helps.
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This topic is one of the key subjects in public discussions. I have written an article on this twice and tbh, people come into bitcoin with different mindsets. Some could be greed to amass quick returns in a short period, some see it as a way to connect to the world of financial innovation, while others may just be ok using bitcoin as a store of value. With that in mind, it is better to give newbies the right perspective and proper orientation.
Also, one should see bitcoin as a progressive technology that requires time to metamorphose into a legendary technology with a huge potential to reward the patient hodlers. Imo, bitcoin atm serves some basic human needs albeit thankfully its ability to appreciate:
1. Immutability
2. Low/minimal transaction charge
3. Low/minimal transaction delay
4. Zero middleman
5. Decentralization etc
I think the ones who come in to trade and make quick profits get burnt most of the time until they stick around and learn how to play.
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It's something one doesn't want to put thought towards. I have adjusted my daily activities so much that I find myself on crypto and particularly Bitcoin discussions more than I do in anything else. Tbh, it's addictive especially when you have expectations and a goal.
More so, if you dig deep into the history of money, you would notice that this's just another stage when money has to change form ( trade by barter to previous metals to gold standards to fiat). Technology has changed virtually everything and one wouldn't expect money to be left out of transformation. Whether it's gonna be Bitcoin or any other CryptoCoins remains to be seen. We should open up our minds and flow with the tide.
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