Bitcoin Forum
January 21, 2019, 01:02:09 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: Experiment: 1% profit daily gambling over 90 days (91 days exactly)  (Read 2731 times)
buwaytress
Hero Member
*****
Offline Offline

Activity: 868
Merit: 782


I bit, therefore I am


View Profile
August 19, 2017, 11:01:25 AM
 #21

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

This will hardly prove anything, you can make a bad/good investment, it doesn't have anything to do with random chance while gambling does.
Also, you should be able to profit from HYIPs with enough experience and getting in early, while gambling hmm
I don't think there is anything to do to beat the house longterm, you can do it short term though.

I guess his point is not about investment, but to prove that gambling is not a good idea to make profit. I would tend to agree that it is only slightly better than HYIPS - where there is no house edge and you're gambling purely on whether or not you can exit before the guaranteed scam happens. The only way you can really make money with HYIPs is if you're banking on referral profits. It is a slightly inaccurate comparison though. Trading shouldn't be considered gambling.

1548075729
Hero Member
*
Offline Offline

Posts: 1548075729

View Profile Personal Message (Offline)

Ignore
1548075729
Reply with quote  #2

1548075729
Report to moderator
1548075729
Hero Member
*
Offline Offline

Posts: 1548075729

View Profile Personal Message (Offline)

Ignore
1548075729
Reply with quote  #2

1548075729
Report to moderator
1548075729
Hero Member
*
Offline Offline

Posts: 1548075729

View Profile Personal Message (Offline)

Ignore
1548075729
Reply with quote  #2

1548075729
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1548075729
Hero Member
*
Offline Offline

Posts: 1548075729

View Profile Personal Message (Offline)

Ignore
1548075729
Reply with quote  #2

1548075729
Report to moderator
ViceOfBTC21
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile
August 19, 2017, 11:05:56 AM
Last edit: August 19, 2017, 01:46:20 PM by ViceOfBTC21
 #22

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

This will hardly prove anything, you can make a bad/good investment, it doesn't have anything to do with random chance while gambling does.
Also, you should be able to profit from HYIPs with enough experience and getting in early, while gambling hmm
I don't think there is anything to do to beat the house longterm, you can do it short term though.

I guess his point is not about investment, but to prove that gambling is not a good idea to make profit. I would tend to agree that it is only slightly better than HYIPS - where there is no house edge and you're gambling purely on whether or not you can exit before the guaranteed scam happens. The only way you can really make money with HYIPs is if you're banking on referral profits. It is a slightly inaccurate comparison though. Trading shouldn't be considered gambling.

Trading is gamble too but much safer and with little risk. It's poker, chess and roulette in one. Poker because even losing trade can win, you play against other people and it can +EV if you have enough skill. Chess because it can improve your trading skills. Roulette because you can win trade by luck without any skill.
BTCevo
Legendary
*
Offline Offline

Activity: 1554
Merit: 1008



View Profile
August 19, 2017, 02:08:42 PM
 #23

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

Of course trading is better than gambling and gambling is better than HYIP. So why you need to prove it? People might think that gambling is profitable because it can gain some profit and you do not need much money to hit some good payout. Mean while by trading, you really need some bankroll to earn good profit but there is no way you can get profit with small bankroll. And others like HYIP, this will never be profitable, you will lose your money when you start it

Btw your 1% profit, how are going to do it? Because as I know there is no guarantee like 1% everyday like 90 day? This must be really crazy if you can earn that. Going to see what will happen

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄             
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄       
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
▀▄            █        ▀▀      █   
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀     
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀               
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
moooonu
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
August 19, 2017, 02:25:52 PM
 #24

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

This will hardly prove anything, you can make a bad/good investment, it doesn't have anything to do with random chance while gambling does.
Also, you should be able to profit from HYIPs with enough experience and getting in early, while gambling hmm
I don't think there is anything to do to beat the house longterm, you can do it short term though.

I guess his point is not about investment, but to prove that gambling is not a good idea to make profit. I would tend to agree that it is only slightly better than HYIPS - where there is no house edge and you're gambling purely on whether or not you can exit before the guaranteed scam happens. The only way you can really make money with HYIPs is if you're banking on referral profits. It is a slightly inaccurate comparison though. Trading shouldn't be considered gambling.

Trading is gamble too but much safer and with little risk. It's poker, chess and roulette in one. Poker because even losing trade can win, you play against other people and it can +EV if you have enough skill. Chess because it can improve your trading skills. Roulette because you can win trade by luck without any skill.

Gambling and trading are two different things. Gambling is totally based on probability and luck while trading is totally skill based. I don't know what was the point of doing all this.
absy
Legendary
*
Offline Offline

Activity: 1190
Merit: 1004


★777Coin.com★ Fun BTC Casino!


View Profile
August 19, 2017, 03:34:52 PM
 #25

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

This will hardly prove anything, you can make a bad/good investment, it doesn't have anything to do with random chance while gambling does.
Also, you should be able to profit from HYIPs with enough experience and getting in early, while gambling hmm
I don't think there is anything to do to beat the house longterm, you can do it short term though.

I guess his point is not about investment, but to prove that gambling is not a good idea to make profit. I would tend to agree that it is only slightly better than HYIPS - where there is no house edge and you're gambling purely on whether or not you can exit before the guaranteed scam happens. The only way you can really make money with HYIPs is if you're banking on referral profits. It is a slightly inaccurate comparison though. Trading shouldn't be considered gambling.

Trading is gamble too but much safer and with little risk. It's poker, chess and roulette in one. Poker because even losing trade can win, you play against other people and it can +EV if you have enough skill. Chess because it can improve your trading skills. Roulette because you can win trade by luck without any skill.

Gambling and trading are two different things. Gambling is totally based on probability and luck while trading is totally skill based. I don't know what was the point of doing all this.
Well , in the crypto world I guess trading is more of a gambling too because there are lot of shit coins and you gotto be lucky to make some profits with that and yes ofc skill is required but crypto trading is not even close to normal trading .

iluvbitcoins
Legendary
*
Offline Offline

Activity: 1554
Merit: 1073


Freedom&Honor


View Profile WWW
August 19, 2017, 04:26:41 PM
 #26

Well , in the crypto world I guess trading is more of a gambling too because there are lot of shit coins and you gotto be lucky to make some profits with that and yes ofc skill is required but crypto trading is not even close to normal trading .

Well, if you have the skill, you're probably going to understand they are shitcoins and you won't invest in them.
In gambling it's probability, not skill

But for someone with no knowledge or experience it's far better to gamble than to invest in something he doesn't understand.

ViceOfBTC21
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile
August 19, 2017, 05:37:58 PM
 #27

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

This will hardly prove anything, you can make a bad/good investment, it doesn't have anything to do with random chance while gambling does.
Also, you should be able to profit from HYIPs with enough experience and getting in early, while gambling hmm
I don't think there is anything to do to beat the house longterm, you can do it short term though.

I guess his point is not about investment, but to prove that gambling is not a good idea to make profit. I would tend to agree that it is only slightly better than HYIPS - where there is no house edge and you're gambling purely on whether or not you can exit before the guaranteed scam happens. The only way you can really make money with HYIPs is if you're banking on referral profits. It is a slightly inaccurate comparison though. Trading shouldn't be considered gambling.

Trading is gamble too but much safer and with little risk. It's poker, chess and roulette in one. Poker because even losing trade can win, you play against other people and it can +EV if you have enough skill. Chess because it can improve your trading skills. Roulette because you can win trade by luck without any skill.

Gambling and trading are two different things. Gambling is totally based on probability and luck while trading is totally skill based. I don't know what was the point of doing all this.
Really? In gambling there is 5% skill 95% chance and in trading 60% skill 40% chance unless you manipulate market. The skill in gambling is know when to change provably fair seeds, which betting strategy you should use and when to quit gambling. Also there is at most only 1% skill predicting the next roll of dice.
SyGambler
Legendary
*
Offline Offline

Activity: 1470
Merit: 1169


View Profile
August 19, 2017, 05:40:56 PM
 #28

so what are you trying to prove here ?? we all know that making money is impossible in -EV games
91 days with only 1% a day won't prove a thing , it easy to make 300% or bust a day and that wont prove a thing too
it may turn as a success and it may fail , but really man 91% isn't big and it won't prove anything

ViceOfBTC21
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile
August 19, 2017, 07:02:56 PM
 #29

so what are you trying to prove here ?? we all know that making money is impossible in -EV games
91 days with only 1% a day won't prove a thing , it easy to make 300% or bust a day and that wont prove a thing too
it may turn as a success and it may fail , but really man 91% isn't big and it won't prove anything

I'm trying to prove that trading > gambling = HYIPs. HYIPs are less fair but with equal risk.
latosha
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
August 20, 2017, 04:48:55 AM
 #30

I wish you luck in your experiment See if you can do it Wink

BillCoin
Sr. Member
****
Offline Offline

Activity: 476
Merit: 259



View Profile
August 20, 2017, 07:28:20 AM
 #31

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

At the moment Day trading at cryptocurrencies is better then gambling just for the reason that the crypto market is being in a significantly increase.

I mean, new investors are coming up every day who makes the price of the crypto coins to go even higher then now, so it is very good and profitable for investors.

Try to make this experiment on a stocks market where the market is not being in a permanent increase

Building A Better Internet
━━━━━━━━━━━━━━━━━━━ ━━━━━━━━━━━━━━━━━━━

 
 █b
▐█=
║█
██                                         ¡▄▄▄▄▄▄▄▄┌
██M                                  ╒▄▄▄▄█▀    ▂▂ ╙▀▀▆▄
██▌                                ╓, ,██╨      ▀▀▀    ╜▀█▌
███                                ▀▀██╙     ▄▄▄▄▄      ╓█L
█ █▌                            ▄▄▄▄█▀          └▀▀▀▀█Φ█▀"
█▌ █▄                            ██▀           ▄█▀
▐▌  ▀▌                       ▀▄██▀            ▄▀
▐█     ▂▂▂                ▄  ▄█▀           ▄▄▀
 █▌  ╙▀▀▀▀▀█▄         ▄   ███▀     ▁▂▃▄▄▄█▀▀
  █▄        █▌    █▄  ██▄█▀        ▔▔╙▀▐█
   █▄       █▌ ▀▀████▀▀▀               ▐▌
    ▀█     █▀                          ▐▌
     ╙█▄  ▄▌                        ╓█ ▐█
       └▀██  ╓▄▄µ╓▄▄µ            ,▄█▀┘  █▌    ▄▄ ╓▄▄µ
         ██▄█▀▀███▀▀█▄       ╓▄▄█▀▀      ▀█▄█▀▀▀██▄╙▀█▄▄
          ▀╙    ▀▀▀  ▀▀▀  ▀▀▀▀╙           `      "▀▀  └╙
You Can See Me Now, Hi :}
VARANIDA

 
 
 
 
               ▄██   ▄███▄
              ▄███████  ██
              ██    ▀████▀
             ██
  ▄▄  ▄▄█████████████▄▄  ▄▄
▄███████████████████████████▄
█████████████████████████████
▀███████    █████    ███████▀
  ▀█████    █████    █████▀
   ███████████████████████
    █████▄  ▀▀▀▀▀  ▄█████
     ▀█████▄▄▄▄▄▄▄█████▀
        ▀▀█████████▀▀
|
kryptqnick
Legendary
*
Offline Offline

Activity: 1162
Merit: 1035


One of the world's leading Bitcoin-powered casinos


View Profile
August 20, 2017, 08:29:36 AM
 #32

so what are you trying to prove here ?? we all know that making money is impossible in -EV games
91 days with only 1% a day won't prove a thing , it easy to make 300% or bust a day and that wont prove a thing too
it may turn as a success and it may fail , but really man 91% isn't big and it won't prove anything

I'm trying to prove that trading > gambling = HYIPs. HYIPs are less fair but with equal risk.
I think the idea of an experiment is rather interesting but could you elaborate more on the plan you have? You gamble for a month and a half with 0.002, right? What if you lose this money a lot faster than that? And where is the part of proving that trading is better? Are you going to do the same on the market later? I think you lack methodology on this matter. I suppose that to prove something you have to develop strict rules and somehow put trading and gambling in equal conditions. For example, you could do something like that:
- gamble for 5 days 1 hour per day with a strict limit of the max bet and overall budget;
- spend time on buying/selling and exploring cryptos for 5 days 1 hour/day using the same max investment sum and the same overall budget.

SyGambler
Legendary
*
Offline Offline

Activity: 1470
Merit: 1169


View Profile
August 20, 2017, 08:44:10 AM
 #33

so what are you trying to prove here ?? we all know that making money is impossible in -EV games
91 days with only 1% a day won't prove a thing , it easy to make 300% or bust a day and that wont prove a thing too
it may turn as a success and it may fail , but really man 91% isn't big and it won't prove anything

I'm trying to prove that trading > gambling = HYIPs. HYIPs are less fair but with equal risk.

not necessary , trading can be way worse than gambling when you don't know what you doing
I remember that I did horrible trades in my first days , we can't just say that trading is better than gambling

in other words some traders may have an average of like -4% of the trades they do , while in most gambling games the expected value is -1%
but yeah trading is profitable as long as the person is gaining experience 

BTCevo
Legendary
*
Offline Offline

Activity: 1554
Merit: 1008



View Profile
August 20, 2017, 02:47:11 PM
 #34

so what are you trying to prove here ?? we all know that making money is impossible in -EV games
91 days with only 1% a day won't prove a thing , it easy to make 300% or bust a day and that wont prove a thing too
it may turn as a success and it may fail , but really man 91% isn't big and it won't prove anything

I'm trying to prove that trading > gambling = HYIPs. HYIPs are less fair but with equal risk.

Gambling is not the same as HYIP, you can't judge it like that. HYIP is hard to predict if you are going to win your money back or not mean while in gambling you can control it by yourselves, so winning and losing is depends on yourselves while you gambling around. Both of these things has different meaning. And you might even get profit by doing sportbetting, if you have enough resources

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄             
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄       
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
▀▄            █        ▀▀      █   
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀     
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀               
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
JasonXG
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


Betcoin.ag


View Profile
August 21, 2017, 05:17:20 PM
 #35

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

This will hardly prove anything, you can make a bad/good investment, it doesn't have anything to do with random chance while gambling does.
Also, you should be able to profit from HYIPs with enough experience and getting in early, while gambling hmm
I don't think there is anything to do to beat the house longterm, you can do it short term though.

I guess his point is not about investment, but to prove that gambling is not a good idea to make profit. I would tend to agree that it is only slightly better than HYIPS - where there is no house edge and you're gambling purely on whether or not you can exit before the guaranteed scam happens. The only way you can really make money with HYIPs is if you're banking on referral profits. It is a slightly inaccurate comparison though. Trading shouldn't be considered gambling.

Gambling is much better then HYIP. In hyip you risk losing everything you out in to get a small amount each day. 40 days to double your money usually on HYIPs in a casino you roll one side and have 50/50 odds you know are fair. HYIP you will. Other people's money they lost so its like stealing and tou know you doing it.

mrcash02
Hero Member
*****
Offline Offline

Activity: 1120
Merit: 525


One of the world's leading Bitcoin-powered casinos


View Profile
August 21, 2017, 05:30:24 PM
 #36

Ok, so I have 0.002 BTC to lose to show you why trading is better than gambling it did correctly. I'm not gambling addict, I just want show you why gambling is safer than HYIPs but worser than trading.
I will start 1 September 2017 (or 15 Sept if I won't had that capital by 1 Sept).
If by 1 December 2017 be successful, I will announce this and reinvest 0.003 BTC. I will save rest of winnings.

This will hardly prove anything, you can make a bad/good investment, it doesn't have anything to do with random chance while gambling does.
Also, you should be able to profit from HYIPs with enough experience and getting in early, while gambling hmm
I don't think there is anything to do to beat the house longterm, you can do it short term though.

I guess his point is not about investment, but to prove that gambling is not a good idea to make profit. I would tend to agree that it is only slightly better than HYIPS - where there is no house edge and you're gambling purely on whether or not you can exit before the guaranteed scam happens. The only way you can really make money with HYIPs is if you're banking on referral profits. It is a slightly inaccurate comparison though. Trading shouldn't be considered gambling.

Gambling is much better then HYIP. In hyip you risk losing everything you out in to get a small amount each day. 40 days to double your money usually on HYIPs in a casino you roll one side and have 50/50 odds you know are fair. HYIP you will. Other people's money they lost so its like stealing and tou know you doing it.

Much better than HYIP I don't think so... They are very similar, most people at this moment see HYIP as gambling as they put some money there and count with their luck to have profit before the scheme crashes. I say luck because it's impossible to predict if more people will invest, how much they will invest. But in the end both enthusiasts (gamblers and HYIP investors) know they can lose hard, but they know there is some chance of profit too.

I'm ignoring possible 'innocents' investors as we have already seen these schemes coming and going in bunches. So I don't believe there are innocents anymore investing in HYIPs and Ponzi schemes, they are gamblers.

maokoto
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile WWW
August 21, 2017, 07:41:56 PM
 #37

Gambling always is a loss longterm. Furthermore, I see no need to go on for 90 days. With gambling, you can easily reproduce those 90 days in a short time by betting faster without changing your strategy.

HYIPs are quite bad too. If you do not lose your own money, you'll profit from the theft made to some other people.

Trading is best. Here you are supported by luck in as much as you do not know what you are doing.

ViceOfBTC21
Sr. Member
****
Offline Offline

Activity: 379
Merit: 250


View Profile
August 22, 2017, 09:44:39 AM
Last edit: August 22, 2017, 05:57:03 PM by ViceOfBTC21
 #38

so what are you trying to prove here ?? we all know that making money is impossible in -EV games
91 days with only 1% a day won't prove a thing , it easy to make 300% or bust a day and that wont prove a thing too
it may turn as a success and it may fail , but really man 91% isn't big and it won't prove anything

I'm trying to prove that trading > gambling = HYIPs. HYIPs are less fair but with equal risk.

not necessary , trading can be way worse than gambling when you don't know what you doing
I remember that I did horrible trades in my first days , we can't just say that trading is better than gambling

in other words some traders may have an average of like -4% of the trades they do , while in most gambling games the expected value is -1%
but yeah trading is profitable as long as the person is gaining experience 
No, it's still better to lose your life savings from trading than gambling.

Gambling always is a loss longterm. Furthermore, I see no need to go on for 90 days. With gambling, you can easily reproduce those 90 days in a short time by betting faster without changing your strategy.

HYIPs are quite bad too. If you do not lose your own money, you'll profit from the theft made to some other people.

Trading is best. Here you are supported by luck in as much as you do not know what you are doing.
I know the most skill-based gambling game played in casinos is poker. It's +EV when you know what you are doing. I think poker is more skill based than trading but if you learn risk management, then you can gamble on finance without predefined odds. And why you say that trading require lots of skill? It's really easy, gambling is harder to predict, I read How to make money trading Bitcoin Reddit series and Gunbot thread, opened demo account and sucking out lots of money from other traders. Then I deposited 0.003 BTC into Bitfinex and then got 0.0035 BTC in less than week. Basically saying I'm stealing money from the market. So I've found a talent for trading and I'm going to improve trading skills.
TrumpD
Sr. Member
****
Offline Offline

Activity: 602
Merit: 265


View Profile
August 22, 2017, 12:35:55 PM
 #39

Why stop at one percent a day? It is called gambling for a reason, and i have seen odds on 1.01 busted a few times. Good luck though, Ill be following with keen interest.
shezu007
Full Member
***
Offline Offline

Activity: 336
Merit: 121



View Profile
August 22, 2017, 01:38:02 PM
 #40

I wish you luck in your experiment See if you can do it Wink



I can do everything because i'm known as multi talented haha. Seems funny right i would like to say we should hard work then we can get many things.
Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!