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Author Topic: Do You think ICO Investing Is Worse Than Online Gambling  (Read 4191 times)
mika11
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September 06, 2019, 09:11:36 AM
 #41

It can be considered as a gambling game for those who lack knowledge, smart people will choose good projects
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September 07, 2019, 11:17:29 AM
 #42

No, I don't think joining the ICO is worse than gambling. Participating in ICOs can be quite risky now. However, with good research, you can reduce this risk. No matter how good a strategy you have in gambling, you always need a chance. And can be addictive the gambling. So I prefer a risky but non-addictive ICO rather than addictive gambling.
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September 07, 2019, 11:24:08 AM
 #43

Both are very risky tbh, but what I think separates gambling and investing on ICO's is that gambling really depends on luck. If the odds are not in your favor, you're set for loss. But in regards to ICO's, investors can still do their own research of studying the project and checking verified websites to see if the company is legit. Once you got into a project that has met all your requirements, then all we can do is to rely on them to deliver their promises.
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September 07, 2019, 11:25:57 AM
 #44

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September 07, 2019, 11:28:35 AM
 #45

Do You think ICO Investing Is Worse Than Online Gambling? what do you think
On ICO investing you will have to wait for several months like 3 to 10 months before the ICO is finished and you'll wait to 2 to 3 months more to get the coin in the market and there's no guaranty that you will make a profit, majority of the coins coming from ICO are down 50 to 90% and that was over a year of waiting.

on online gambling, if you play your cards right like when you have control on when to stopped and you have built a strategy, you can win over and over again and you can withdraw your gains immediately

At the present condition of ICO it's worse than gambling, on gambling you have 50-50 chance you can win or lose if you are lucky, on ICO you will be betting on a project that you did not know is being run by scammers, so you have 100% chance of losing your investment, and one thing more you will have to wait over a year to see if you really win betting in that ICO.

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September 07, 2019, 11:29:47 AM
 #46

No, I don't think joining the ICO is worse than gambling. Participating in ICOs can be quite risky now. However, with good research, you can reduce this risk. No matter how good a strategy you have in gambling, you always need a chance. And can be addictive the gambling. So I prefer a risky but non-addictive ICO rather than addictive gambling.
ICO can make you lose money but if you have good knowledge, ICO can still make good profits, gambling is not an option because gambling only loses and very few people can win. I always research very thoroughly before joining this market and have participated in everything so gambling is not good for you. If you want to invest safely, you should only choose ICO because this is a new investment trend for everyone in this market.

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September 07, 2019, 12:18:17 PM
 #47

I prefer Online gambling because I don't need to wait a couple of months. Again, I don't believe in ICO these days because most of the ICO is a scam. In gambling, I can depend on my luck at least and sometimes I can win also. But ICO investing is more dangerous than gambling without proper research about the ICO company. I still do rely on a good ICO project which has a proper strategy and doesn't give away free worthless token.

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September 07, 2019, 12:23:14 PM
 #48

for current market conditions, maybe yes. ICO investment is also very difficult to find a profit almost the same as gambling, but I prefer gambling to ICO investment.
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September 07, 2019, 12:46:45 PM
 #49

I've never invested in any ICO, if you compare ICOs to gambling, it's a better idea to gambling
The vast majority of ICOs were just a joke, people did a great whitepaper, a beautiful website, put some photos of "devs" and ok, people invested thousand of dollars in these lies, but at least some people learned the lesson and nowadays it's hard to fool people

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September 07, 2019, 01:11:22 PM
 #50


Depends on which ICO we are talking about now. Some ICO (or IEO) promising great future. But it is so hard to find it good one.
yes, an ICO that has good prospects, and has an interesting concept is better than playing gambling. it's just that we have to really see the potential of the ICO that we will support. if not, it's even worse than gambling, because when a project doesn't show progress, chances are that the money you have will be lost without hope.
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September 07, 2019, 01:19:52 PM
 #51

If we investing on scam cryptocurrency project then yes, it will be worse than gambling.
In gambling, you have a chance to win some profit but the chance is 0% to get profit in investing scam ICO.
We can get the conclusion that we need to know the legitimacy of the ICO before investing.

It stopped being gambling if, you extend yourself in searching if the project is real, you extend by meeting the developers personally, visiting their office checking if they are compliant and be part of their beta test, and most importantly in promoting their projects, it's like guaranteeing your success and their success.

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September 07, 2019, 02:23:38 PM
 #52

Do You think ICO Investing Is Worse Than Online Gambling? what do you think
On ICO investing you will have to wait for several months like 3 to 10 months before the ICO is finished and you'll wait to 2 to 3 months more to get the coin in the market and there's no guaranty that you will make a profit, majority of the coins coming from ICO are down 50 to 90% and that was over a year of waiting.

on online gambling, if you play your cards right like when you have control on when to stopped and you have built a strategy, you can win over and over again and you can withdraw your gains immediately

Blindly investing in an ICO is surely bad than online gambling. Online gambling is luck and most of them are provably fair. If you have a good amount, you could martingale it for quite a time and have fun winning or losing. ICO on the other hand would be a mundane way to lose your money if you haven't researched well. But a good studied investment would be safer and more rewarding than any form of online gambling.

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September 07, 2019, 02:27:05 PM
 #53

Yeah, ICO investing now is much worse than gambling. On gambling, there is a chance to win, but when you invest in ICOs, you wait..wait..wait, hope and wait...and get your money 1/10 and get angry. Waste of time and patience, hopes are gone.. I would not participate in any IEO other than Binance or kucoin.

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September 07, 2019, 02:54:26 PM
 #54

Yeah, ICO investing now is much worse than gambling. On gambling, there is a chance to win, but when you invest in ICOs, you wait..wait..wait, hope and wait...and get your money 1/10 and get angry. Waste of time and patience, hopes are gone.. I would not participate in any IEO other than Binance or kucoin.

You have made a good point. If I wanted to gamble, at least I would do so with the mindset that its a 50/50 chance of me losing my money. But for ICOs, I have it in mind that I am making a calculated risk to invest but it is rather unfortunate that the chances of losing the money with ICOs is 70/30. Then when you factor in all the time wasted, waiting for the coin to list on exchange or to rise in price, you realize it just might not be worth it and gambling might be a better alternative

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September 07, 2019, 03:27:47 PM
 #55

Do not compare investing with gambling. Yes, of course, the market is complex. But they always earn on it those people who know where they are investing and what they are doing. The profit of investors is much higher than your casino. Moreover, you don’t know that the casino always plays +. I think investing in cryptocurrency still remains relevant thanks to IEO.
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September 07, 2019, 03:33:59 PM
 #56

Yeah, ICO investing now is much worse than gambling. On gambling, there is a chance to win, but when you invest in ICOs, you wait..wait..wait, hope and wait...and get your money 1/10 and get angry. Waste of time and patience, hopes are gone.. I would not participate in any IEO other than Binance or kucoin.
- ICO have become an outdated path at this point when the general trend is no longer accepting this method when it is too risky and dangerous, besides, the development of IEO has become a threat that is too great for ICO, that has gradually pushed ICO into a bad investment and lack of investors. Compared to gambling, ICO may have been worse when at least gambling gave us the opportunity to win and lose immediately, ICO only provide a feeling of waiting, sometimes tired and just losing, very inhibiting if we are an investor


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September 08, 2019, 02:50:50 PM
 #57

I think it depend on the situation, sometime invest on ICO more profitable than you working hard in a year, sometime its better to playing a dice to get at least 10% profit from our funds. If you can identify good ICO, that can give you big income for you and you'll never go to an online gambling site.
Just learn more to know  about ICO, trading crypto and anything else related cryptocurrency.

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September 08, 2019, 06:14:03 PM
 #58

If one is gambling or want to gamble, it should be a pure one and you should know you are gambling on the right path and in a legit gambling site. However, ICO has looked more like gambling, because most of them are scam. You just put in your money with the mindset that, if it works fine and if it does not fine.
I do not gamble, but I will prefer gambling over ICO. Well, it is good it has now been replaced with IEO.
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September 08, 2019, 07:58:34 PM
 #59

If you asked this same question 1 year earlier I would say investing in icos are the most foolish mistake anyone can do. But now a days icos or ieos market is doing great not all ieos give profit. But atleast at this moment we see some positive thinking about icos. So if you invest in ieos at this time then its fine.  If You just have to put your money in ieos then its fine now.

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September 08, 2019, 08:20:53 PM
 #60

It is true, but it is part of the game: a general rule of any gambling game is that the higher the chance of gain, the higher the risk.
With ICOs, the risk is very high, however - if the right one is found - even the profit is.
Take it or leave it.

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