Why do people compare betting and investing in bitcoin (in terms of risk)?

[ethereumhunter]

If people can invest with wise, I don't think that they are doing gambling. We might gambling if we don't have knowledge about investing in bitcoin so we can buy and sell at any price without analyzing the bitcoin movements. But as long as we can analyze from the market and we can try to buy low and sell high, I guess that is not the same as gambling. But betting and investing are not the same, and that will depend on how people will treat both betting and investing.

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[White Christmas]

If people can invest with wise, I don't think that they are doing gambling. We might gambling if we don't have knowledge about investing in bitcoin so we can buy and sell at any price without analyzing the bitcoin movements. But as long as we can analyze from the market and we can try to buy low and sell high, I guess that is not the same as gambling. But betting and investing are not the same, and that will depend on how people will treat both betting and investing.

Investing is like gambling your money bro, because there is no assurance that the money you have been invested will come back again to you. but if you have knowledge about investing on cryptocurrency then probably you will be having a chance to get back again what your money has invest but if you don't have any knowledge about invest in cryptocurrency and you are panic on selling your coins or tokens when their prices are dropping that probably you will just have or experienced losses investing and betting are just almost the same.

[Chris Barth]

Going through the above comments, I noticed several comments saying that investing becomes gambling when you don't have an idea. Let me explain this too. If anyone (with or without experience) buys bitcoin of $10k, he doesn't lose all the money. It's not about being smart. The worst thing that can happen to a newbie who buys $10k worth of bitcoin is that the worth could drop but then, he cannot lose all. So, whether you know how to invest or not, buying $10k worth of bitcoin, you cannot lose all of that. After all, the price doesn't increase based on who bought it.

[AniviaBtc]

Like, the answer is obvious. Tell me, when your 10,000$ turns to 1,000$ and when your 10,000$ got lost in a 3 minutes betting, which is preferable? See, try to get my point. You can risk 10,000$ buying bitcoin but you can stake 10,000$ on a bet (considering you could lose it all in a few seconds or minutes).

The thing is, by betting $10k if you lose, it's gone. Forever, unless you keep depositing and playing with the hope of winning.

Investing the same amount in BTC can turn your $10k into $1k but you'll still have the same amount of BTC in your wallet and the investment will still be worth something at any point.

If after you've lost $10k through betting you wait an year, the $10k will still be lost forever. The investment, however, could turn from a loss into a profit after the same timeframe passed.

This explains it all.
Betting and investing have their own different risk, if you bet your money and lost, all you bet was gone forever. No return and no exchange, it is lost already.
If you invest, even if your investment will drop its price, the number of coins you invested is still the same, but you still have the chance to increase the value of the investment in the long run.

But still they are both risky, the only good thing in investment is that your money will not be suddenly disappear or become lost. Investment is a step by step and you need patience here in order for you to earn a profit and become successful, while in gambling, here you need is a courage and self-control just to manage your money. Gambling can really boost your mood that results into greediness that most of the people are experiencing and it is a bad thing. Most of the gamblers are greedy that's why their money are easy to lose. That's why people choose to invest their money than gamble, investment just really need hardwork, patience, and monitoring your money so you will also prevent disappointments and losses.

[Kuffy]

It's the outside influences that create the gambling aspect. Let us consider dog racing. You may be a great statistician, and extremely knowledgeable about the form of the dogs, but all that can go out of the window with a simple act. If the dog handler squeezes the reproductive tackle of the dog as it is placed in the trap, then it starts cross legged, and it may recover quickly, but it probably won't be in time to win the race. Unfortunately Bitcoin is also susceptible to the squeezing of various parts, and, unless you are in the know, it is hard to predict this.

[20kevin20]

But still they are both risky, the only good thing in investment is that your money will not be suddenly disappear or become lost. Investment is a step by step and you need patience here in order for you to earn a profit and become successful, while in gambling, here you need is a courage and self-control just to manage your money. Gambling can really boost your mood that results into greediness that most of the people are experiencing and it is a bad thing. Most of the gamblers are greedy that's why their money are easy to lose. That's why people choose to invest their money than gamble, investment just really need hardwork, patience, and monitoring your money so you will also prevent disappointments and losses.

You have to be greedy to win in gambling. Trust me, I've tried both playing with $100 per bet and going for automated bets starting with $0.001. The results were that in the first try my $100 was lost in half a second, while my second try ended after hours of automated bets with the same result: a $100 loss.

If you want to earn something through gambling and you think you don't need to be greedy to win, then you're lying to yourself. At one point, you're going to have to risk a larger amount to leave the casino with a positive balance. Otherwise, you'll stop right there and come the next day with more money which is actually even worse.

And one more thing: I think +90% of the gamblers play with the money they need on the short term. I haven't heard yet of people gambling the money they've saved for retirement. Investing is like a safety plan for the future, for retirement, while gambling is mostly a "hey, if I win I'll buy myself a..." kind of plan.

Any way of earning some decent amounts of money requires risks. If you can't assume that and want a risk-free income, then just get a simple grocery store job and that's it. Risk-free.

[tabas]

You should have asked your sibling why he thinks bitcoin is a betting so that you will have an idea why his perspective is like that. The guy probably have heard it somewhere on the web that bitcoin is like that and he don't really understand the whole point of it.

[Kakmakr]

People say this because they are ignorant and uninformed. Bitcoin is only a gamble for people who cannot manage the risk in their portfolio. Any person can, with a little bit of research, make good buying decisions and then they can sell at a profit during the year.

There are lots of situations where an informed trader can make small profits during the year, but many people are too lazy to use Google and to study price patterns and to study the market behavior, so they simply label it as a high risk gamble.  

A lot of my friends are not experienced traders, but they have made very good profits, by just putting a little bit of effort into watching the market and then making informed decisions.  

[gabbie2010]

Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.

[alexsandria]

Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.

It is really sad to say that those people buys bitcoin when it is at ATH is really gain so much losses and it is kind og big losses because when the year of 2018 comes the bitcoin suddenly dump and that would be really one of the bad happenings that comes to them and also to the market. This probably says that investing and gambling or betting is just almost the same because on investing you don't know when the price will pump or dump so it is just like in gambling in which you are not sure if you will win or lose or the money will come back again to you.

[julius caesar]

If we are going to talk about it in terms of risk, it is almost the same since you are putting your money in risk. Investing is full of risk since you do not know what will happen to your money whether it goes up or down. This is not really the same but people is talking about it in terms of risk only. Do not take it as it is and full understand it first.

[Chris Barth]

You should have asked your sibling why he thinks bitcoin is a betting so that you will have an idea why his perspective is like that. The guy probably have heard it somewhere on the web that bitcoin is like that and he don't really understand the whole point of it.

Nah. He didn't hear that somewhere. He beloved in crypto but he just sees investing in crypto to be that way. However he believes it isn't much of an issue to me provided he believes in crypto and has earned from it.

[Chris Barth]

Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.

It is really sad to say that those people buys bitcoin when it is at ATH is really gain so much losses and it is kind og big losses because when the year of 2018 comes the bitcoin suddenly dump and that would be really one of the bad happenings that comes to them and also to the market. This probably says that investing and gambling or betting is just almost the same because on investing you don't know when the price will pump or dump so it is just like in gambling in which you are not sure if you will win or lose or the money will come back again to you.

If you say that it's the investing in bitcoin and betting are almost the same thing then I'll say that bitcoin is a more secured and unique way of betting. Why? Well, whether the price will dump or pump, one thing is for sure i.e you cannot lose your bitcoin. The quantity you have remains the same; it can never reduce. Even though the price fluctuates, it cannot dump to zero. Summarily, Investing $100 (for example) in bitcoin is risky, yes, but not like betting with $100. I believe that was explanatory enough.

[Chris Barth]

This. Nice point, OP. You really cleared up the difference between the two words.
Gambling is simply just earn from the money you thrown or you'll lose even the money you throw.
In investing, you either earn from the one you invested or you lose a bit of what you had invested.  You can still recover from your losses in investing. In gambling, it is gonna be 2x harder to get back to your feet.

Exactly! And the funny thing about trying to get your money back from a lost betting is that you could just end up losing repetitively. I've been there before 😉

[Lizzylove1]

My elder brother who lives in Italy thinks investing in Cryptocurrency is a form of betting, so he had to sell off his bitcoin late December 2017, he made good profit, last year when bitcoin was pumping, he regretted not buying again, he wanted to give me money to help him buy and monitor the trade, since he has a bad notion of bitcoin, I rejected his offer because he wouldn't consider the event of bitcoin correction. In betting you can loss all your money when the odds are against you, but in bitcoin your money can't just be totally loss.

[Chris Barth]

My elder brother who lives in Italy thinks investing in Cryptocurrency is a form of betting, so he had to sell off his bitcoin late December 2017, he made good profit, last year when bitcoin was pumping, he regretted not buying again, he wanted to give me money to help him buy and monitor the trade, since he has a bad notion of bitcoin, I rejected his offer because he wouldn't consider the event of bitcoin correction. In betting you can loss all your money when the odds are against you, but in bitcoin your money can't just be totally loss.

Honestly, I don't really seem to understand why you rejected his offer. Even though he had a bad notion of bitcoin, people change. About 2 years ago, my friend was sending me bitcoin links and I still remember what I replied him. I told him that I'm not interested in all these online stuffs. 2 years later, here I am on the bitcointalk forum doing exactly what I said I won't do (cause I never understood it when the message came first). So people actually change.

[Astvile]

Well, we can't blame them if the really saw bitcoin investing as a type of gambling. I'm also one of those who also think that all forms of investments online even in real life are gambles. Why? because there is still a huge chance of losing your money no matter how hard you study about where you are investing in. And when we take that risk we already gambling our money not just by traditional means of gambling but the concept is the same, we are risking our money in hopes of profit.

[Ridwan Fauzi]

Simple put, if you invested in bitcoin any amount example 0.1 BTC there will be 0.1 BTC although its price is decrease or increase.

But when you bet 0.1BTC to one gambling place then when you got win you will get another 0.1BTC and othewise when you lose you will lose all your bitcoin.

This thing should be known by most people there who stamped invest bitcoin is like gambling.

[Assface16678]

Well, we can't blame them if the really saw bitcoin investing as a type of gambling. I'm also one of those who also think that all forms of investments online even in real life are gambles. Why? because there is still a huge chance of losing your money no matter how hard you study about where you are investing in. And when we take that risk we already gambling our money not just by traditional means of gambling but the concept is the same, we are risking our money in hopes of profit.

In cryptocurrency we have a different process of earnings and most of the time to the people want to invest in the world of crypto and wait for the market price increase they suitable for this and also there are a lot of people making focus on this process because sometimes we cannot skip the opportunity to make more earning. After all, the market price is volatile, and we cannot predict what will happen next for the coming hours of the coin. Some people to make betting or gambling because it is useful to the people who love to play with risk with the use of cryptocurrency they can use this as wage to their games and also winning a single match in gambling you can take a lot of profit that you cannot get for a single day in investment, still it is risky. After all, there is only a small chance of winning, and it is right for you if you have a lot of knowledge and skills in the world of gambling. Those process of earnings are still it depends on the user how they will manage it to make more good income.

[Ucy]

 Investing in Bitcoin is less risky than typical betting (or gambling?).
 Bitcoin isn't that risky, by the way(still recommended that you trade what you can afford to lose). It's probably more profitable than most bettings I know. Though there are certain types of Bitcoin trading/investing that are more like the typical betting/gambling... things like leverage and option trading.