Memecoin Gambling verses Normal Gambling - which is more profitable?

[Antotena]

What I know is that, I lost on both, I placed bets on some sports games, I lost most and won a few, and just few days, I decide to try Solana memes, I lost all the money I used as capital for buying those meme coins, I lost all same day.

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

If you go to Coingecko and click on category tab, you will see difference ecosystem and every ecosystem you will found at least 1 meme coin and the blockchain they operate on is Solana chain, this is to tell you that Solana is the only best home of meme rugpulls, that's to say there is no a day without scammers running away with investors money and yet a lot of noobs keep falling for these same cheap scam in the name of searching for the next 100x tokens.

To answer your questions, the fact that I have never seen anyone come to say I'm among the people that make money from this coin that pump, that means majority are scams and anyone doing such gem tokens are only wasting their money, that's worse than even gambling because you know you are going to lose money yet you wasted your money for nothing. I will choose normal gambling twice from Monday to Sunday and ignore meme coins.

[Fivestar4everMVP]

What I know is that, I lost on both, I placed bets on some sports games, I lost most and won a few, and just few days, I decide to try Solana memes, I lost all the money I used as capital for buying those meme coins, I lost all same day.

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

If you go to Coingecko and click on category tab, you will see difference ecosystem and every ecosystem you will found at least 1 meme coin and the blockchain they operate on is Solana chain, this is to tell you that Solana is the only best home of meme rugpulls, that's to say there is no a day without scammers running away with investors money and yet a lot of noobs keep falling for these same cheap scam in the name of searching for the next 100x tokens.

To answer your questions, the fact that I have never seen anyone come to say I'm among the people that make money from this coin that pump, that means majority are scams and anyone doing such gem tokens are only wasting their money, that's worse than even gambling because you know you are going to lose money yet you wasted your money for nothing. I will choose normal gambling twice from Monday to Sunday and ignore meme coins.

Well said bud, very well said, and I consider your input very valuable because not out of sentiment, but out of my own personal experiences.
First, let me say that all that you have said is absolutely correct, I have participated in trading degen meme coins, degen meme coins simply means absolutely new meme coins, that is, as soon as they devs add liquidity to the meme coins, we all rush to buy it, believing that will it pump, this does worked out good for some people, but unfortunately, it never worked for me, all that I bought either end up getting rugged while I am still waiting for a better price to sell it, or it end up dropping back to zero while also waiting for a good price.

If I share my Solana wallet address with you right now, you did see hundreds of meme coins I bought, and was unable to sell them because they've been rugged, or are completely valueless to the extent that the blockchain fees for selling those tokens is higher than the amount of money I will get from selling the token.

So, indeed, I also agree with you that it's more preferable to do normal gambling, than gambling on degen meme coins, why? Because gambling on degen meme coins is..
1. More expensive to do or engage in.
2. Lower chances of winning.
3. Though high reward, but I consider this way more risky than doing normal gambling.

[seoincorporation]

1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

The profit doesn't come from the coin that you are gambling with, the profit comes from the casino or the game provider, in other words the coin doesn't change the RTP from the slots, and the coin doesn't give you better odds to win a bet.

2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

The meme coin has a market risk that i prefer to avoid, because if you are gambling and the price of the coin drops 40% you will be losing a big piece of the cake. But this risk can move to the other side and give you som extra profit if the price goes up.

[EluguHcman]

I would say it depends on the amount of money being used either as a bet in normal gambling or as an investment in a meme coin because both are a sort of gambling as you said, and you can either win or lose depending on the odds and outcome of your bets and investments. However, there is one thing, the odds in normal gambling are fixed and you can only get a certain amount in return in case you win, which isn't the case with meme coin investments.

When you invest in a meme coin, you tend to have the possibility of getting high profits if the meme coin manages to gain a lot of hype and investors in the market, but that doesn't happen all the time because most meme coins tend to either die or stay stagnant for a lifetime as they don't gain any momentum.

Trying to understand you clearly while I have also agreed that they are both gambling schemes, and if such of OPs option should be considered, then we have to understand that having our funds on the meme coins with an expectation to make profit in returns is a probability of portraying investment potentials but investors are liable of losing it all but if there comes a winning privilege then the rewards comes bigger than the normal casino gambling.

While invested little amount on the meme coins, and while staking little amount gambling are of two different risk bearing because all you need to be sure about is that you are investing on a reputable meme project and if you are lucky then you would make it proudly with your petty capital when the meme project turns up but staking little amount of money in the gambling would earn you little in returns if you are lucky to win and for you to win hugely with your little amount of stake then you would be required to take unimaginable risks of picking risky games.

[darkangel11]

I'm totally case 2, which means that I've never owned any meme coins and I'm not planning to get into these shitcoins. If someone gave them to me for free, I'd probably gamble them away, or exchange them for bitcoin.
I'm not going to buy any of them because most trade on exchanges that I don't trust or you can get them through custodial wallets that I don't use, but suppose I happened to own them, I'd rather use them to gamble than hold since they can literally go to 0, unlike bitcoin.

[SUPERSAIAN]

It's a good discussion topic. I've thought about this before, but I didn't think about it in detail. In my opinion, it is not a pure luck factor, it is a nice bonus. You can win it from Meme coin or from a casino. I'm not someone who gambles a lot, just for fun sometimes. I have made purchases in meme coins from time to time, but I have made 2-3x purchases at most, but I could not make more profit.

There is no other explanation for the incident, it's all about luck.

[rachael9385]

From my opinion, i think that the both are the same, as long as you are losing most times and also winning most times, it means that they are both the same, it doesn't matter to he kind of thing you are using to stake. Some gamblers that might have best their whole life savings and lost them all, they thoughts that when they gamble with some of their properties they will win and recover their loses but along the line they lose both the properties and their money, so to me it doesn't matter the kind of things you are using to stake. Properties coins or not, they are both risky.

[milewilda]

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

#1
The good thing when you do tend to gamble on meme coins or degens out there then on which you could be having the chance on making that small amount to big ones specially if the
said coin would really be that mooning but the rate or chance on making this happen is really that slim. So its just really that gambling but the sense that you could apply
research then it do ease up that kind of risks.

#2
Trading and gambling on casino is pure different thing on which leisure and trading is considerably have that notable differences because even if we do speak or talk about meme coin
trading but still its trading.Its something that you are applying some analysis because it would really be impossible that you wont really be doing analysis on the moment that you would be
tending to invest into something. Whethere it is because on hype or your own research.

So it would really be just that depending on you whether you would be dealing up with these things or would really be that focusing
into something, but one thing that should really be on your mind is not to make both things to be similar. Leisure is totally different with trading.

[wheelz1200]

2 totally differemt things but I get your point.  I think with regular gambling people are looking for quick results.  Like betting on a soccer game and 2 hours later see the result.  With buying memecoins it is essentially gambling but need to stay more patient and you also need to have a good entry and exit strategy.  So it's not just as easy as buying and then seeing if you "win".  You shape how, if and how much you win or lose in the memecoin game.

[Psynthax]

with meme coin there's more variable that you need to take into account just to get a fair game, remember the rugpulls and all, there are shitty devs too in the meme coin world which sometime dominate the space only very few meme coins making it into more than millions of trading volume.
just see the list of recently added coins in the coinmarketcap https://coinmarketcap.com/new/

you will see that every day there is meme coin added, regardless of whether they have malicious code built in to their smart contract to acts as a backdoor for the devs to rugpull people.
but seeing the statistic alone, in a week there's hundreds of meme coin being listed in coinmarketcap, that without taking into account all the coin that available on dex like in solana which counts to thousands.
sometime its just not a fair game with meme coin the odds of winning is small with this statistic alone, you probably gonna profit from 1 out of 100 meme coin.
the rest of them just gonna cause you to lost your money.
so betting on meme coin, you got home work of finding the right meme coin first, eliminating the possible shitty coin shoved up to our throat just to get that fair chance and that doesn't even guarantee that we can make money.
sometime the coin is illiquid to you know, buying the coin means there's no way to convert it back to money.

[rodskee]

I'm totally case 2, which means that I've never owned any meme coins and I'm not planning to get into these shitcoins. If someone gave them to me for free, I'd probably gamble them away, or exchange them for bitcoin.
I'm not going to buy any of them because most trade on exchanges that I don't trust or you can get them through custodial wallets that I don't use, but suppose I happened to own them, I'd rather use them to gamble than hold since they can literally go to 0, unlike bitcoin.

but that is something not good , even if its been given for you for free? you should gamble if away and trade into bitcoin but for me? i believe that its best to keep them on hold specially if that memecoin has potential and not a scam project though its normal to see scam memecoin nowdays so we must be very careful in dealing and may use them for gambling instead.

[fullhdpixel]

I'm totally case 2, which means that I've never owned any meme coins and I'm not planning to get into these shitcoins. If someone gave them to me for free, I'd probably gamble them away, or exchange them for bitcoin.
I'm not going to buy any of them because most trade on exchanges that I don't trust or you can get them through custodial wallets that I don't use, but suppose I happened to own them, I'd rather use them to gamble than hold since they can literally go to 0, unlike bitcoin.

but that is something not good , even if its been given for you for free? you should gamble if away and trade into bitcoin but for me? i believe that its best to keep them on hold specially if that memecoin has potential and not a scam project though its normal to see scam memecoin nowdays so we must be very careful in dealing and may use them for gambling instead.

There are really people who will value the thing that have been given to them, no matter what it is. They think it was special. If ever we don't, then trading it into Bitcoin is much better than gambling it. If only between hodling a meme coin and gambling, I will choose gambling this time because meme coins are not built for holding. You already said that there are so many scams nowadays.

Even if we lose in gambling, it's fine because at least we still have fun but if we lose in hodling a meme coin, the only thing that we can get is regret. We can earn quick in short selling a meme coin but the profits we get in gambling are still instant.

[harapan]

Hi everyone,

This is something I've been thinking about for a while now, I thought it wise to ask here to see what you all think afterall.

Anyone who truly understands what investing really is, would or will agree with me that investing in memecoin currently, most especially on the Solana and Base blockchain; have become a gambling on its own, I've tried both normal gambling, and gambling on memecoin on the Solana blockchain, and I can't really tell, which is more profitable.

What I know is that, I lost on both, I placed bets on some sports games, I lost most and won a few, and just few days, I decide to try Solana memes, I lost all the money I used as capital for buying those meme coins, I lost all same day.

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

I would prefer what I know about that's normal Gambling,but aside this if I really want to try something else and see the outcome I'll choose Solana meme coins cause of recent I went through reviews about it,so I would want to lay out another strategies using the meme coin.
I know I can't risk the chances of loosing but sometimes trying newthings and strategies works out real good.

[Wakate]

I'm totally case 2, which means that I've never owned any meme coins and I'm not planning to get into these shitcoins. If someone gave them to me for free, I'd probably gamble them away, or exchange them for bitcoin.
I'm not going to buy any of them because most trade on exchanges that I don't trust or you can get them through custodial wallets that I don't use, but suppose I happened to own them, I'd rather use them to gamble than hold since they can literally go to 0, unlike bitcoin.

but that is something not good , even if its been given for you for free? you should gamble if away and trade into bitcoin but for me? i believe that its best to keep them on hold specially if that memecoin has potential and not a scam project though its normal to see scam memecoin nowdays so we must be very careful in dealing and may use them for gambling instead.

I do see gambling as taking too much time that we can not afford to take. Gambling can be fun when we have sufficient fund but when we don't have, it could be a problem for us and we need to be wise and take proper precautions. There are still people that are making money from gambling since they know where and when to gamble. This mistakes many people are still making is taking too much risk and not trying enough to minimize it so that we don't get into.probem.  We can even  cheat ourselves when we do take  unnecessary risks that don't worth our time and stress. We just need to be wise when making decisions for our own safety.

[m2017]

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

For me, neither one nor the other is profitable, due to the lack of passion for both. Although it should be said that I succumbed to the hype and have been looking at SOL for some time.

2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

I would prefer to choose meme coins, although this is also roulette and is fundamentally not much different from a casino. Moreover, I would say that it is even more difficult to guess meme coins, because in roulette, in casinos, there are fewer numbers than new meme coins appearing.

If we talk about SOL, then over the past six months, this coin has been growing in price almost all the time, which means it is profitable. There is no way a casino would be able to consistently win and increase profitability. Comparing SOL and casino, the choice seems obvious in favor of SOL, but the problem is to discern a coin with similar potential among the many meme coins.

[Zadicar]

I'm totally case 2, which means that I've never owned any meme coins and I'm not planning to get into these shitcoins. If someone gave them to me for free, I'd probably gamble them away, or exchange them for bitcoin.
I'm not going to buy any of them because most trade on exchanges that I don't trust or you can get them through custodial wallets that I don't use, but suppose I happened to own them, I'd rather use them to gamble than hold since they can literally go to 0, unlike bitcoin.

but that is something not good , even if its been given for you for free? you should gamble if away and trade into bitcoin but for me? i believe that its best to keep them on hold specially if that memecoin has potential and not a scam project though its normal to see scam memecoin nowdays so we must be very careful in dealing and may use them for gambling instead.

There are really people who will value the thing that have been given to them, no matter what it is. They think it was special. If ever we don't, then trading it into Bitcoin is much better than gambling it. If only between hodling a meme coin and gambling, I will choose gambling this time because meme coins are not built for holding. You already said that there are so many scams nowadays.

Even if we lose in gambling, it's fine because at least we still have fun but if we lose in hodling a meme coin, the only thing that we can get is regret. We can earn quick in short selling a meme coin but the profits we get in gambling are still instant.

Risks factors would really be that entirely different to each other on which there would really be those people who would really be treating up on trading to be that completely that a gamble just because they've been dealing up with something which is really that volatile or simply talking about memecoins. At the moment you do find yourself on dealing up with meme coins then it is really that indeed true t hat you would really be facing up something in terms of risks but of course risks levels would really be that entirely difference because if we do speak about gambling the you would really be just hat basically putting up yourself on literally with gambling games and if its really that talking about casinos then extreme luck you would be needing and chances of winning is really that slim.
Whereas you could be able to make out that kind of selection at the moment you do play or bet with those strategic ones.

[Forsyth Jones]

If you are good at gambling and have a reasonable income that allows you to win more than you lose, it's better to continue with it. However, if we look at memecoins, just like any other bet, you must set aside money that you will not need. For memecoins, the more memecoins you invest, the greater your chances of at least 1 of them exploding in value going to the moon (something around 1000% or more) and this memecoin covering the costs of other operations.

Both are risky, you can double this risk even more if you use leverage on memecoins, if the market goes in your favor, you will obtain exponential gains, depending on the amount, you could even become a millionaire, but who will have the balls to do so?

You can invest $10 in one memecoin, $20 in another and so on. The higher the marketcap and the lower the Circulating Supply, you can invest a larger amount, you don't need to invest more than $30

[wxa7115]

If you are good at gambling and have a reasonable income that allows you to win more than you lose, it's better to continue with it. However, if we look at memecoins, just like any other bet, you must set aside money that you will not need. For memecoins, the more memecoins you invest, the greater your chances of at least 1 of them exploding in value going to the moon (something around 1000% or more) and this memecoin covering the costs of other operations.

Both are risky, you can double this risk even more if you use leverage on memecoins, if the market goes in your favor, you will obtain exponential gains, depending on the amount, you could even become a millionaire, but who will have the balls to do so?

You can invest $10 in one memecoin, $20 in another and so on. The higher the marketcap and the lower the Circulating Supply, you can invest a larger amount, you don't need to invest more than $30

That is often the strategy used by those that invest in those coins, they realize that if they invest everything in a single coin that their chances of success are not high, however if they invest in a multitude of coins then their chances of picking the right coin increase, but this means that their profits will not be very high anyway as the amount invested in that coin is very low.

So in a way, it does not matter how people try to invest in meme coins and take advantage of the pumps we see them doing from time to time, as it seems almost impossible to profit from them in a consistent basis.