Crypto hodling as a form of gambling!

[audaciousbeing]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

You are not the only one that witnessed that episode at the time but outrightly saying holding means gambling is to the extreme. Everyday we take risks even outside crypto. For stepping out of the bed in the morning is a risk because you don't know whether you will miss your steps or even have an accident along the line. You go to work, its a form of risk because you might get injured, arrested, accused of something you didn't do but that does not mean you stop going. Its a risk but it doesn't mean you have been gambling with your life.

Gambling on its own is a conscious activity carried out because you want to increase your returns by wagering some amount of money in return. In the case of holding, you are not risking any fund, you only have unrealised profit or losses by the funds in your wallet which does not increase one bit. Its the circumstances that surrounds it that makes it look like gambling but its simply taking a risk.

[coin-investor]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

Not only hodling but investing in Cryptocurrency is a form of gambling, this is the reason why you should only invest what you can afford to lose, I also experience that not selling some of my coins in their all-time high, I have a lot of opportunities to sell some of my coins and make huge profit, one of these coins is Kucoin it reaches $15, and was hoping that it will reach $50.
Unfortunately, it drops I was on vacation and only find out that it drops significantly after coming from vacation, it's really important to sell some at the right time.

[Hypnosis00]

It might be a form of gambling, the only difference is that...it doesn't need luck but it needs well-defined strategies and good choice of coin. Not only just seeing "we can afford to lose" cause we never think that and in our mind we must earn something and pushing ourself to face the risk in crypto.
People hold their coins cause they want to save from losing and it is a good idea. Only it sad that many don't get it, instead they lose their patience.

[Icologies]

in my opinion, the name can multiply can also be called gambling, but not all of it can be called gambling like investing. in my opinion investing cannot be called gambling, because many people and entrepreneurs do it transparently.

[Ayiranorea]

Crypto holdings is a form of gambling, because we don't know what is the peak price of the respective assets. Some get lucky to earn big predicting the ath price. I missed the days of 2017, and fed up as there is no big growth till days. Finally sold all my crypto holdings losing hope. Looking upon few of the posts I too get to be positive about the crypto holdings.

[XCANA]

Holding crypto is static because, you as the holder isn't trading with it while gambling with crypto is dynamics, because there is the tendencies of doubling the coon, then  how can we call holding as a form of gambling? The two are significantly different and are different entity.

[dunfida]

Holding crypto is static because, you as the holder isn't trading with it while gambling with crypto is dynamics, because there is the tendencies of doubling the coon, then  how can we call holding as a form of gambling? The two are significantly different and are different entity.

You can think off on other way like on the money invested on the said crypto you are holding.You cant be sure if those tokens will have that rising value into the future even if you are just on static you are still risking up money and tendency on losing it and we know that any investment is just like a gamble since we wont know if it would succeed or not but the difference on here is that you do able to know and analyze on where you do put up your funds.

[omonuyak]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

In the area of risk I do agree with you that holding some coins is a form of gambling. I have been trading and hold since 2016. Both are very risky but remember that life itself is a risky thing and gambling! If some people know that going out they are going to die they will not go out that day but people go out daily with the hope that they will be back home safe. That is how buying and hold cryptocurrency is. It is not fully safe!.

[hahay]

Because of ignorance about coins being hold for a long time and putting the money there then indeed, holding can be said to be a form of gambling because there is the same thing there about risking your money and also, making analysis and predicting it in the beginning shows that activities like this the same as gambling but basically holding and gambling will be different if you look at it from the other side like luck.

[Japinat]

Holding crypto can be said as speculation to increase our money. Yes, there is gambling stuff  in it, so what's the problem? As long as we don't make blind investment, that will be fine because, at the very least, we can minimize the possibility of losing our capital through continuous analysis.

Exactly, this is not a gambling like playing a luck based games like dice, roulette and other forms of luck based gambling.
We invest because we are confident with our analysis that we will be profitable in the future, in short, we are betting on the future of the coins we are investing and we can afford to loss the money invested in case our investment fail.

Holding gives more chances to gain more profit than gambling because the percentage of winners in gambling is very small and that's stressful enough compared to just holding and waiting for the right time to sell.

[nydiacaskey01]

The topic goes back the the same argument which has been discussed a lot of times already. If trading and gambling is the same. If you hold Bitcoin or Alts yes there's a risk that the value of Bitcoin is different after a few days or even weeks but in Gambling if you placed your bet on the wrong color, you loose everything not a fraction. That's why I don't think its a form of gambling.

[michellee]

If you pick the wrong coin, then that will be gambling, but as long as you can select the right coin with analyzing the coin, I don't think that will be gambling.

Whether you chose the right or wrong coin, in the very first place you have already took the risk and that makes it look like gambling for others.

If the other people don't know why we pick that coin, then they can say that it is gambling. But if they know the reason, I don't think that they will say that is gambling because if we decide to buy that coin, we already analyze from many things, so we pick that coin to buy.

If we buy any coins without analyzing, then it will be gambling because we don't know when we can make a profit. But the risk of trading will be almost the same as gambling because we can get lose the money that we use to buy that coin.

[imstillthebest]

in Gambling if you placed your bet on the wrong color, you loose everything not a fraction.

that is if you max out all your balance but if you only bet half you will still have some balance left on your gambling account if ever you will loose . that half balance left on your account can still make a comback and give you profits as soon as your luck gets you  .

That's why I don't think its a form of gambling.

gambling is called a gambling because its a form of gambling  but holding a crypto is i think not a form of gambling because your only hodling it at the first place . your not using it to play a gambling . you can also convert it to a stable coin to prevent the price from fluctuating 

[jakoylantern]

For me, yes you might consider crypto holding as a form of gambling, holding your crypto and waiting to a much sufficient amount is like playing poker if you are a safe player and waiting to a great card to make sure the money it's like trading or holding. But the game is much different like in gambling, holding your cryptocurrency has a different risk, you can't tell what time will be the most profitable moment and also its difficult to predict if the price will increase or decrease unlike in gambling that if you hit the jackpot/ win you will know that amount that you have won.

[BabyBoss]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

 

Yes holding is like a form of gambling because youre expecting in the future to multiply your money or No value at all. Its really hard to live in crypto but if you got luck this only have the chance to be rich instant if you are a token holder. Bigtimers are going to be more richer also. 2

[fortunecrypto]

Ever since I've got into cryptocurrency, I've had several experiences on the  prices on some of my holdings achieved ATH's in a matter of months alone especially on the 2017 bull market and was thankful I didn't sold out early when I got them. Having had a positive feeling about it, I became reluctant to sell some of these cryptos even at the height of its price thinking that I may gain more from them in the future and also believing that this projects have very good fundamentals and does have a room for growth!

Then at the beginning on the 1st quarter of 2018 (which started the period for bearish market), crypto prices nosedived sharply and in a matter of weeks my portfolio begun to shrunk and was reduced significantly but then again I was overpowered by my belief that crypto will have an eventual rebound in which I was wrong! Over a period of short time, I was forced to sell those cryptocurrencies at a significantly lower price and accepted my loss which led me to believe that hodling is indeed a form of gambling and thus has a risk / reward factors associated with it.

Until now, I don't have any regrets but only have lessons learned from this experiences and will remain having a positive outlook on cryptosphere because I know gambling will let us "win some and also lose some". 

I know some of you had already been on the same kind of experience just like me.

It is indeed gambling but compared to gambling, time is your enemy, you have no idea when are the coins that you are hodling will reach their all-time high, and every day you have to follow the market and how your portfolios react, one thing that you need to study or to plan is when is the right to sell your coin.

[sunsilk]

If you pick the wrong coin, then that will be gambling, but as long as you can select the right coin with analyzing the coin, I don't think that will be gambling.

Whether you chose the right or wrong coin, in the very first place you have already took the risk and that makes it look like gambling for others.

If the other people don't know why we pick that coin, then they can say that it is gambling. But if they know the reason, I don't think that they will say that is gambling because if we decide to buy that coin, we already analyze from many things, so we pick that coin to buy.

If we buy any coins without analyzing, then it will be gambling because we don't know when we can make a profit. But the risk of trading will be almost the same as gambling because we can get lose the money that we use to buy that coin.

Hmmm sounds like that. For someone who has a mentality of YOLOing with his crypto investments and just choose coins whatever he wants even without valid research and study, it can be said as a gamble.

Emphasizing that it's a sort of gamble but in others perspective, they'll say that it's still different.

[ardentvolcanoes]

how can it be gambling when everything about how bitcoins price fluctuate is not basely upon on luck. maybe for those who are not that familiar with it will consider it
as a gamble. also base on your logic everything in life will be a form of gambling since everything in life has a risk.

It can be done properly when you take your time learning the basic understanding regarding to this industry, it will not be a gamble if you're going to focus with every possible potentials, know what you are dealing with and keep increasing your skills, knowledge will be your tools not to gamble with fate but to address proper pathways to take to work with your investment.

[Saisher]

Investing isn't gambling, actually speculative trading is where gambling comes into play. Gambling rely mostly on luck and a little bit of skills gained from experience but holding (investment) has nothing to do with luck. Over the years holding has been awarded the best investment strategy meaning others can follow your fullsteps and achieve equal success but that can't be said when you're gambling.

I don't agree, investing for me is still gambling, check out those people who lost a lot from investing in ICO, some of them lose their effort time and money because they thought if they are going to hodl this new coins they are also going to make a profit in a long run, just all the other that came before them, but these people invested in Bitcoin and other coins that have real value.

[Ryker1]

Well, that is a typically yes, investing in bitcoin or in general, the whole crypto is very risky and that is can consider a form of gambling due to the market is unpredictable movement. Just like OP said he invested when the market was in a bull situation back then but after a month it was suddenly going down and he loses what he invest. Indeed, we lose if we sell and can't wait until it back to the normal situation, unlike if you can wait and make a better profit.