To gamble, because its easy to earn profit even in short period of time we don't need to wait for a long time. Gambling gives profit but we take some risk, but be sure that we have a skills on gambling. Gambling is more profitable than investing. Investing is less risk than gambling, but it takes a long time that our money will grow, and there's a chance that your money will back and its safe. In other words investing is a savings and gambling is based on luck.
Gambling might give you quick profits in no time. But you forget something big, that gambling is also a quick way to throw away our money. The more you gamble the greater the risk you take. Gambling is a game that depends on luck and I know you lose more often than winning. Yeah, I agree that games that are based on pure luck can easily in just a blink of an eye lost all of your bankroll if you are not careful. However, there are really games that requires skills in order for you to have more chances of winning like poker and sports betting. |
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Rules and patterns are not always going to turn up as we might have planned them. Managing losses is an easy thing to say, but very very difficult to follow as we are only human. Therefore, trading might not be for everyone, but long-term investing can be.
You are correct - long term investing with god quality altcoins is really almost good to all but day trade can be very stressful and it is not really advisable and won't work to all. |
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I guess somewhat because of bitcoin, criminality has raised, sadly hackers and phishers are being the ones responsible for this, and because of it bitcoin is being declared illegal onto some countries, in this case bitcoin will have a hard time and other cryptocurrencies to manage this, online may not be reliable because of tons of hackers, this would be hard for each cryptocurrency to gain such popularity they need.
Nowadays, Bitcoin is not useful to use for payment of crimial. The government can track the transaction through exchange, unless they can find exchanger in private market. I have just watched a facebook video exposing some scam using bitcoin - the guys said that criminals give 10% of all the money they laundered with exchange (possibly private exchange) so if they laundered 10 million dollars worth of bitcoin, the exchange get 1 million worth. |
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I personally found out that investing in new ''promising'' coins is the best way to go. Sure most of them might not end up doing anything and some of them end up being scams but the ones that succeed have the potential to do a x100. From 100 coins that you invest in, only one needs to succeed and you will still make some profit (considering that is very hard to lose all your money in such investments because it's very hard for a coin to go to 0$ unless they fully scam and even then you have some time to sell your coins at a very low price)
you are right there mate that there is really good potential big gains when you buy a very promising ICO and that you need to do your home work and due diligence though before investing to new altcoins. |
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There is no smart way of gambling. This is just a false fiction people are making as a shield to satisfy themselves. Every gambler at any stage of his life, always regret the whole life span it has spent in that gambling. Then how can you say this is a good source. If you only need to limit yourself then why people are always losing? Why they are losing again and again even they are on limit strategy?
There is a smart way of gambling. Smart way does not necessary means winning the game. It means the game no matter what the result is, you are not affected negatively, time, money, and relationship with other people. This is the common misconception about being smart... they think being smart is winning, that is a no... Even in battle, retreating in a losing battle is a smart way, so that he can be able to continue on the next day. This can apply in gambling, playing smartly means we are able to stop when we feel that luck is not in our side and stop pushing our luck until we ran out of our entire month budget. You are true mate. Strategy in winning a game that is based on pure luck is and is always proven to be futile. The chances of losing is really high when you gamble with games that are based on pure luck. |
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Actually we should not listen to those who sell think that bitcoins are scams, frauds because we know the truth. We do not have to influence what they say because we have our own knowledge. So let's not ignore them. Because they're even more popular. And it will make hoax news just so popular.
There are 3 kinds of people that are against the idea of bitcoin: 1. they want it badly to come in and invest but it is too expensive and thus they are trying to manipulate and inject the fear so holders will sell and if the price goes down, it will buy bitcoin; 2. the one that get so jealous that friends are making a fortune with bitcoin; and 3. people that just doesn't care. |
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Because gambling very fun, especially if money added. Then it becomes very interesting activity. Gambling affects the mindset, if done continuously certainly becomes addictive.
Once you have start gambling then a great possibilty of addiction is waiting along the way, there is much fun and thrill in every bet because there is a feeling of excitement whether it will win or lose and if we taste the winning feeling then i think that is the start of addiction. This is really where casinos are earning - through that emotion and good feeling to earn couple and wanting to earn more. And once you feel that you are ok with what you are doing and is liking the good feeling of winning, then addiction comes in. |
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Gambling addiction is one type of syological issue it in like cancer in our body it is very difficult to remove and cure also. Nothing is impossible also. Once you find this habit you have to control your self to come out it slowly only. But it is curable habit only.
Yeah! It’s a psychological issue and families of gamblers do take their gambler relative to psychiatrists’ for proper treatment because they are unable to fight against such disease alone. But as you said that nothing is impossible, yes nothing is impossible and gamblers can reduce this thing by changing their company they are keeping and also by sharing their problems with their loving ones rather than to find a dull solution. There are many ways a decisive gambler that really wants to change and get away his/her addiction. If that gambler know very well that he/she can't control the addiction, that gambler can always seek professional help. The key is he/she must have that decisive and fixed will to change. |
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you can invest small amount and then you can participate for bounty programs and airdrops. these will help you to increase your money. andalso do your own anylysis and invest on alt coins that would be better.
All true. Having a small amount of bankroll in your trade while you are still learning is the most ideal thing to do because most likely will happen is that you will going to lose in your first few trades while you are still testing your trading strategies and you will get better as time goes by when you have a mindset that in all you trades, you either win or lose. |
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Just wondering how many % below lowest buy to ideally set mental stop limit at franky1's 2% gap strat. Else there is that one sided chance of losing/being stuck at crash of more than 20% while no chance of profiting more than 2%.
It can happen and it did happen to me once - I just hold and it goes in profit again after several months.. Patience really is a virtue but I admit I was about to gave up but still emerge as victor  |
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just make sure that your strategy is not so risky and your investment should be great so you can not beat it immediately and make sure that you earn even more money but my advice is to go to youtube to get you more information about strategy that even though you spend less time just taking it and not losing your bitcoin immediately.
With games that are based on pure luck, it is really hard to create a strategy that will be consistent all throughout. However, in game where there is a need for skills in order to have more chances of winning like poker and sports betting, then having strategy is not futile. |
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For me I don't see anything wrong with gambling as long as you're not putting other people belongings on the line. People who say it's wrong probably did so out negative outcomes, and i would ask them to loosen up because having bad experience with something doesnt make it 'wrong'.
Truly there is nothing wrong in gambling, when gambling is legal no harm in playing out in gambling and also that is not a sin. But many countries have prohibited playing gambling in such situation gambling may treated as a sin. Lol, Who told you that gambling is not wrong? If it is not sin, then is it virtue? Is it pious thing to make others go in debt, to change the end results of the game just to make money? Can you give a statement on the behalf of casino owners that they don’t do so, they don’t interfere with the end results? Those countries that have banned gambling re on right track because this game is not for the welfare of people. I am with you mate. However, if the gambler just plays for fun and entertainment without spending too much that could hurt that person's pocket, then there is really nothing wrong with it because he just wants to have some good time just like any other form of entertainment. But I really respect religion and other cultures that prohibits gambling strictly. There’s a little bit controversial answer about the question that “Is gambling a sin”, the answer is yes as well as no. Yes, in a sense that if one gamble and losses and the loss is upon the whole family of that gamblers, in this case definitely it’s a big sin but if a person only gambles for only experiencing something new or just for fun seeking and also his family had not to face difficulties, I don’t think that it remains a sin then. I am with you mate but there are really religion that refer gambling as a sin and it is really now a matter of personal perspective. I respect very much the people that follows their belief and at the same time believe that when we just play for fun and entertainment and with money that we can afford to lose and that we are not harming any one or ourselves, it is ok. |
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Trading and Gambling travel in the two different directions. One is Hard work and another one only on luck. One is if you not follow carefully there is chances of loosing your investment another one is if you not even carefully chances of loosing what you invested.
Both are risky but chances of gaining in trading is high if you wait patiently but through gambling it is one shot game there is no need of choosing another option for winning through gambling. I hope trading is best option who are looking for long term holders. You are correct that in trading, you will only lose if you sell the alt coins that you have bought. If you continue holding it and if the price will go up again, you will have the chances of gaining profit as long as you wait and patience really pays off in crypto trading. Unlike gambling and especially to games that are based on pure luck, it is really a one shot risk thing. |
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Bitcoin was not that easy to steal from the owner if your realy not a careless person bitcoin is unhackable currency specialy if you have a offline wallet like trezor wallet or even online wallet like blockchain wallet no one can hack bitcoin. This man was clearly want the bitcoin price will fall again and he will buy more and more bitcoin so that he will get rich doing this propaganda.
Nothing is really that safe online as even big companies that hold bitcoins are being hacked and lost lots of bitcoin. Recent hacking event is with nicehash whose bitcoins deposited where stolen by hackers. Well exchanges, pools, etc have to keep a certain amount online to keep things flowing. One could of course argue that some of them keep too much accessible. The average joe can simply have a cold storage wallet if you want to go extreme security. Pretty hard to hack that provided it is created from a clean machine. if you are already advance holder of bitcoin, you can always find a way to safeguard your coin and it is really not that of a concern already. However, newcomers are concern and so particular about this. |
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Experience isn't really a thing if you are playing games that are highly luck dependent such as roulette , dice or slots game .
But it is imperative if you are playing a card game or sports especially because you'll be needing high analytical logic in order to speculate an accurate result of the games you'll be betting on .
I could not agree with you more on that mate that games that are based on pure luck, it is really hard to win and experience is really not required. However, to games like poker and sportsbetting, experience and skills are essential to have more chances of winning. |
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Trying to management your trading asset is important thing, this is to avoid when the bitcoin price is going or when the alts are dropping
Take 50:50 for bitcoin and alts, and make sure to atleast choose 3 or 5 coins for alts.
Never all in
Diversify is the key to mitigating risk in any trading - both stocks and cryptocurrency trading. If you go all in in one investment vehicle, you are putting yourself in a big risk of losing big in one time. |
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Even tho gambling and investing aren't really very different from each other because they are both risky and you could loose your funds whenever doing both of them , yet i prefer gambling because it doesn't really need any research about the project you're willing to invest in or something , you just need a casino or an online bookie and you're good to go . It doesn't also need as much time as investing and is much more rewarding if you got enough luck .
Correct. Earning through gambling does not need any research and can gain fast big profit but it is also true that it can also be fast to lose all of your bankroll in no time that before you know it all of your money is gone. |
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I am not sure if this is good. But I keep doing this everytime.
If I want to send Bitcoins to someone, instead of sending them Bitcoin, I buy crypto with low mining fee for like DOGE, LTC or BCH. Then I send it to them in the form of other altcoin.
That is also a good form or technique to send friend some coins with minimal transaction fees. Just bear in mind also that they will eventually also transact bitcoin to encash to fiat money. |
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bitcoin never replace gold, because is difference
GOLD is ready physic, bitcoin is not, gold can be made in jewelry that has a luxury value , bitcoin is not
if only investment and price, bitcoin this now above GOLD
I agree with you mate. If we can be able and have more resources, it is ideal to invest to both to bitcoin and gold - just make it sure that gold should be for a long-term investment wile bitcoin can be both. |
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Well, if it was, maybe I would choose both, but now I am more interested in the trading of the gambling. the reason is, because trading is not particularly a great risk like gambling, other than that if you're good at trading, the risk that you receive may be just a little bit. I was still a little interested in gambling, but was limited to sports betting
Both are good to choose but it needs more skills. Trading is not too risky than gambling, because trading you can wait if the price is good and a chance to earn a profit. Gambling is more risky and needs a strategy and even its so risky there are more people are interested in gambling because they can earn easily money and big profit at the short period of time only. But i'm interested in gambling rather than trading because in gambling is an easy way to earn money. And almost people prefer to gamble. Mostly I agree with you that gambling has a greater risk than trading. And we can conclude that if we want to make money in a short amount of time then go gambling, but if we want to make money steadily then obviously trading is the choice. But I also believe gambling is an easy way to earn quick money and also a quick way to lose money, So I doubt many people prefer to gamble. The most important thing is that you need to equip your self with a good knowledge and trading skills - you should learn the ins and outs of cryptocurrency trading like the pump and dump and know where to position your self and capitalized on this knowledge. |
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