Crypto hodling as a form of gambling!

[barbara44]

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.

It’s completely different, the only thing that would make it a bit looking similar is the fact they both involve risk but aside that, they are not the same at all.

Gambling is purely a game of luck and full of uncertainty while crypto holding is just a mini risky investment and anything investment is and will always be safer compared to gambling. The only reason some people compare gambling and crypto holding is because they are both unpredictable but still we all know that money I kept in bitcoin will never get exhausted no matter how down the market might go, it could go down and the next minute bull run but in gambling, once the money is gone, it can never be recovered.

[Ucy]

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.

As long as they are both full of uncertainty then they can be referred to as gambling just that one is still better than another which is normal even with other gambling’s because some people believe sports is safer to play than poker and so on but I personally see crypto holding as another form of gambling, since one can never tell what happens the next seconds

I bought btc when is was far below 13k plus and I watched it grow till it hit 13k, at that moment I had made over x5 of what I invested, I thought of withdrawing and then I was hoping it was going to 20k based on the speculations and predictions by some so called experts,  shortly after then bitcoin started going down and until this moment, I am still waiting. This is just like gambling but safer because I know my I would definitely get back my money no matter how long it takes.

Anyone with enough data could predict things alittle bit in crypto market. This is not possible with typical (luck-based) gambling.
You could even predict the worst coin if you have sufficient data on the coin.
The problem with crypto trading is that we trade to many coins and don't specialize in few. If we could pick one or two coins and understand enough things that make them go up or down we could comfortably predict their prices

[LogitechMouse]

I can consider holding as another form of gambling since it is another form of investment and we all know that all investments have risks.

Although crypto holding is not as the same with the gambling (composes of casinos and different games etc), the risk on it is always there so you are still gambling into when you will sell your coins and when to buy them again.

[Reatim]

Just like gambling holding is risky also because they both give no assurance on  what will be the prices or outcome tomorrow so basically both needs luck and instincts to gain or win
Online investing is not like physical business that you can push the profit by adding more action to sell.in crypto we only wait for the demand of currency to grow

[robelneo]

I still consider any kind of investment a gambling and more so with investment and especially in Cryptocurrency, it's a different kind of gambling that you never know what you are going through, even if you done proper analysis, that is the reason we have this saying only invest what you can afford because any investment has a risk attach to it.

[ice18]

I can relate on OPs sentiment I have very the same experience my 2.87+ btc are gone like a bubble when I convert it to altcoin in the beginning of 2018, about cyrptocurrency hodling we are all victims of this but the lesson is hodling means storing it for a long period of time like 3-5 years thats what I think for now because if you only hold for a year many unexpected things will happen like bear market.I agree once you hold it you are gambling just like any business if you going into any business with huge money you dont know if you will succeed or not. 

[shoreno]

I can relate on OPs sentiment I have very the same experience my 2.87+ btc are gone like a bubble when I convert it to altcoin in the beginning of 2018,

btc is known to be like a bubble because its value can go down unpredictably and you shouldnt be surprised for that . also you did a wrong move for converting your btc to alts  . why would you do that when btc is already a good investment? arent you contented with your btc ?  also the year 2018 was a bad year for all cryptos not just on bitcoin   .

about cyrptocurrency hodling we are all victims of this

why did you say victim ? do you think holding a crypto is bad ? no  .  we arent force to hold a crypto and not all are hodling a crypto and lastly hodling a crypto is beneficial .

[michellee]

I still consider any kind of investment a gambling and more so with investment and especially in Cryptocurrency, it's a different kind of gambling that you never know what you are going through, even if you done proper analysis, that is the reason we have this saying only invest what you can afford because any investment has a risk attach to it.

As long as you can accept the risk, then I think you don't have to worry about the bad things that could happen in the future. Maybe it's difficult for the first time, but after you can get the profit from the investment, you will want to do more and more. And who knows you will use bigger money as the investment because the profit will be bigger.

But yes, the investment in the cryptocurrency will be gambling if you don't know the right coin to select. And you only risk your money without a chance to make a profit in someday.

[perla]

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.

1 thing gambling though me about crypto holding is i actually not really know or actually can't analyze about bitcoin price. Maybe it will like play gambling because i hold and don't know price will up or down. If up so i take profit, if down so i get lose. Maybe that is what i do although i only use bitcoin halving as something that make me really confident to hold my bitcoin.

[Maslate]

I can relate on OPs sentiment I have very the same experience my 2.87+ btc are gone like a bubble when I convert it to altcoin in the beginning of 2018, about cyrptocurrency hodling we are all victims of this but the lesson is hodling means storing it for a long period of time like 3-5 years thats what I think for now because if you only hold for a year many unexpected things will happen like bear market.I agree once you hold it you are gambling just like any business if you going into any business with huge money you dont know if you will succeed or not. 

During that time, we thought that was the best decision as we just like to diversify.
I can feel you mate, I also made a decision like that I know it's a bad decision with the value of the altcoins it has become now, it's almost worthless but we don't look at its value now, we just try to convince ourselves that crypto will recover and we will hold it until the right time will come.

Most of my holdings were ETH tokens as they are the most promising coins that time, but they suffered the long correction and now its still sleeping.

[shield132]

Yeah, it's not different from gambling, there is no need to directly gamble on website to call it gambling. Let's compare hodling to bustabit, you hold it until it reaches your aimed price but difference is that you are the only one who crushes there, if you can't afford to wait for price rise and fall makes you afraid, then holding isn't for you because you turn yourself into loss instead of profit. There are some people whom don't have self-control in gambling and so is the same in holding.

[virasog]

Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time
Maybe with market evolving and growing, the times of gambling will end, and we will be something like stocks market

Crypto is mostly controlled by the whales. Until the volatility in crypto reduces, we can relate crypto trading with gambling.
For the bitcoin prices to be stable, there needs to be a lot more users holding the crypto as more the crypto is disturbed among many people, the whales will not be able to manipulate it for their own benefit as they are doing it right now. Also as the volume in crypto increases, it will hard to manipulate it.

[samputin]

Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time

With all the guessing, and predicting, and waiting on what will be the price this time to the next minute or hour, hodling is really somehow like gambling. In gambling, you don't really know if you will win or lose; and same here while hodling. I mean, one don't really know how much cryptos like bitcoin will cost. That explains all the price prediction threads here in the forum. However, they also have difference in the sense that, in gambling, it depends on either luck or strategy but in hodling, it needs more strategy and wise judgement on when to buy or sell.

[kennen1113]

Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time

With all the guessing, and predicting, and waiting on what will be the price this time to the next minute or hour, hodling is really somehow like gambling. In gambling, you don't really know if you will win or lose; and same here while hodling. I mean, one don't really know how much cryptos like bitcoin will cost. That explains all the price prediction threads here in the forum. However, they also have difference in the sense that, in gambling, it depends on either luck or strategy but in hodling, it needs more strategy and wise judgement on when to buy or sell.

Indeed, gambling and holding crypto have a lot in common when before decisions, everything is just a prediction, no one will guarantee what will happen after their decision, however, holding cryptocurrencies as a form of gambling is probably at a higher level, depending heavily on strategy and skills while casual gambling games rely almost on luck. And the obvious result is that when we rely on calculations, the chances of profitability are higher when we only rely on luck, smart gambling is always a good choice

[BALIK]

Honestly, the industry has become mostly a gamble now, especially when it comes to investing in ICOs and IEOs. You pretty much need to get lucky to see a positive ROI.

Similarly, holding altcoins for any reasonable period of time is tantamount to gambling, considering the VAST majority of these decrease in value over long time-frames.

People can avoid the hassles of holding for this purpose though, since there are websites that actually allow you to bet on the price values of certain coins at X date, these are known as prediction markets

https://www.predictious.com/ is one of the most popular, but there's a few more too.

[Golftech]

Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time

With all the guessing, and predicting, and waiting on what will be the price this time to the next minute or hour, hodling is really somehow like gambling. In gambling, you don't really know if you will win or lose; and same here while hodling. I mean, one don't really know how much cryptos like bitcoin will cost. That explains all the price prediction threads here in the forum. However, they also have difference in the sense that, in gambling, it depends on either luck or strategy but in hodling, it needs more strategy and wise judgement on when to buy or sell.

Good judgement inside this industry will allow you to decide whether to take a risk holding your coin its similar like gambling with your fate, as there's no certainty in terms of market movements and exact time frame when the volatile market will hit up, understanding the sway to keep you from dealing as the same way as playing like gambling, but instead treating it as an investment form that will increase its value after some time of holding.

[STT]

especially when it comes to investing in ICOs and IEOs. You pretty much need to get lucky to see a positive ROI.

The business shouldn't be a gamble, its a risk based on a market demand that the company should be meeting.   If they are incorrect in that market being capable of sustaining the business then it will not succeed but I dont see crypto itself is at fault for that lack of success.    Its upto the company themselves to balance all their assets so they can meet all costs and requirements for liquidity, in FIAT, Crypto and tangible and intangible assets.
   The variation in Bitcoin at least has been quite calm compared to previous years that I remember, it varies a fair bit but also its tending to meet averages quite often which means previous prices set are still in the region many months later.  Some countries fail in this regard even and BTC doesnt even have anyone to try and force a price it just does its job every day anyway.

[Capt00]

I can consider holding as another form of gambling since it is another form of investment and we all know that all investments have risks.

Although crypto holding is not as the same with the gambling (composes of casinos and different games etc), the risk on it is always there so you are still gambling into when you will sell your coins and when to buy them again.

I don’t think that we can gamble in from of crypto but we only use gambling to earn money and crypto to get bright future both id them has different features. Gambling is a game we choose to play but in crypto we will gain allot  id profit with buying at right time and then holding it with patience to let it grow.

I'm so sorry but I don't get it.
Besides, we used already crypto for gambling and I know you are aware of that.
Not just literarily we understand gambling and not just all about games. We could also consider the investment as a form of gambling cause we don't know what will be the outcomes. And also to say that in holding crypto, knowing the fact that we don't have the assurance to become profitable or not. That's all be like.

[iMark]

Until now, I probably agree with you that cryptos are some kind of gambling because it's so hard to predict any price or movement, that even real good analysts are wrong almost all of the time
Maybe with market evolving and growing, the times of gambling will end, and we will be something like stocks market

Crypto is mostly controlled by the whales. Until the volatility in crypto reduces, we can relate crypto trading with gambling.
For the bitcoin prices to be stable, there needs to be a lot more users holding the crypto as more the crypto is disturbed among many people, the whales will not be able to manipulate it for their own benefit as they are doing it right now. Also as the volume in crypto increases, it will hard to manipulate it.

Even though crypto market was manipulated by some of the people you mentioned before, price changes can be predicted with technical analysis, with a high probability of True in that prediction, and a big chance of profit from your skills. trade is not the same as gambling. with even great skill you cannot increase the possibility of profit in gambling

[dothebeats]

Everything in this whole scene is technically a gamble because of the risks it bring and the uncertainty that comes with it. Don't get me wrong, cryptocurrencies have already established its footing in the world economy, but still there is this slim chance of it failing along the way even though it's arguably one of the most sought-after fad in contemporary times. Add to that fact the volatility of its pricing. It's entirely a gamble as a whole; heck, everything including money is a gamble be it direct or indirect!