Bitcoin and crypto are Same like casino slots

[Peanutswar]

Bitcoin is just a simple coin but in a different way looks like using the same currency as in casinos and slots but in the end, it depends on the person who handles the use of the bitcoin. In a casino, you make up early earning by just the use of your gambling skills but in bitcoin, it took months and years before you take a profitable income. In slot games, you don't know the chance of winning in bitcoin investment you have a chance to go or pull our your investments.

[kryptqnick]

I think there are important differences here. Slots are programmed in a certain way, so they are very predictable when it comes to the winning chance. They're also independent of anything other than their code, so no matter what happens in the world, they function in the same way and a person wins on loses at a certain rate. Cryptocurrencies are not limited by anything when it comes to the price, so the % of winning or losing from these investments can vary greatly. Moreover, they are largely affected by what's going on in the world, so bullish news can trigger some growth of the price, and bearish ones can trigger the opposite. I think that it's possible to navigate cryptos and consistently perform well with trading them, whereas with purely preprogrammed randomized slot win/loss outcomes it's not possible.

[Matimtim]

Bitcoin or crypto currency have the same characteristics with casino because the same thing we can encounter there like, we can make money using our bitcoin or crypto currency by taking the risk when we invest our money there, and the same thing when you play casino you need to take the risk to earn money like investing in the crypto currency.

[isaac_clarke22]

You cannot compare "gambling" with "investing".
In gambling, you play a game and it is either you lose or get double with the play of lady luck.
In investment, you could still win and lose at any rate or vice versa.

[Spaffin]

You cannot compare "gambling" with "investing".
In gambling, you play a game and it is either you lose or get double with the play of lady luck.
In investment, you could still win and lose at any rate or vice versa.

If a person does not have sufficient knowledge to trade or invest in cryptocurrency, then for him this activity is practical as a game of roulette. In addition, given the volatility of cryptocurrency and the inability to do fundamental and technical analysis, buying a cryptocurrency can give you both a win or a loss.

[online73]

Hello everybody. Yet the analogy of Bitcoin with a casino is absolutely inappropriate. In a casino, if you lose, you simply have nothing. Bitcoin is a completely different story - no matter how the price falls, it will certainly, sooner or later, return to its maximums and interrupt them. Bitcoin's price is cyclical. In a casino, you can instantly lose or win - in most cases with the attitude to Bitcoin like a casino - the crypto market punishes you. In the cryptocurrency market, the most important thing is to be able to endure, endure drawdowns in the exchange rate, in order to wait for the maximums to make a profit later. And it is not unimportant to be able to fix profits, at least in parts, but for this you need to know for sure what profit you want from this trade. Good luck everyone.

[Stedsm]

@OP, You even know what kind of efforts did Satoshi put behind BTC and gave the birth to a new revolution that later became cryptocurrencies? Do you even have knowledge about slot machines and know the difference between BTC and slot machines? BTC is not just limited to making money but it has various technical aspects which people like you won't understand because you come from the trader's part and so, you're not going to look for what it is but rather how much is it going to bring you in profits. You're just a P/L statement @OP.

[macson]

snip

Bitcoin was created by satoshi to become a revolutionary currency, if you @OP equate Bitcoin with slots then you still don't understand at all about Bitcoin.  Bitcoin has a high price because more and more people are aware of the benefits of Bitcoin and its potential in future.  don't look at Bitcoin from your perspective as a trader, look at Bitcoin from a revolutionary perspective!

[Rikafip]

You keep creating threads like this, in which you compare bitcoin to slot machines, and claiming that's probably the same people invented both and other nonsense, and then you come to Meta and wondering "how you can't get along here". Do you even think before creating threads like this, or you write whatever pops in your head, no matter how nonsensical it sounds?

[Oilacris]

You keep creating threads like this, in which you compare bitcoin to slot machines, and claiming that's probably the same people invented both and other nonsense, and then you come to Meta and wondering "how you can't get along here". Do you even think before creating threads like this, or you write whatever pops in your head, no matter how nonsensical it sounds?

This is what i had observed with this guy where most of his threads are literally opposing on what most people been thinking positively towards bitcoin and this guy is trying out to make
some words which doesnt really make any sense most of the time or simply with just using your own common sense you will eventually able to answer on what he's asking.

What the hell on making out comparison on Bitcoin and Casino slots? Not just talking about on literal aspects but on the risk that you're dealing then its totally different.

We know the odds on making money which would differ on the duration and or chances.

[death69]

But government and Elite cant destroy this crypto and btc becouse all those who knows how to make money out of this Will lose Job and business.
So they keep running until new trend or else is Coming out but it seems to be tht not coming anything Different.

They cant destroy simply because they CANT. Banning, adding new regulations and restrictions only slow down the adopting process of bitcoin and the cryptocurrency. They cant never have a full control over the decentralization. Free market and the opportunity to freely invest are what people want and the government will never have a chance to shut down people' desires. More and more people are aware of the potential of bitcoin and start to invest their savings, salaries on either bitcoin or cryptocurrencies. Soon, the digital world of cryptocurrency will be widely accepted, even if it is the government. Having a job related to crypto is just a small advantage of a big picture

[Rengga Jati]

Its similar to casino.
Its Same like You lose some% and win some%

It may be true in some cases, but it is not exactly like that.
Lose or win will depend on how we make or do with the coins.
If we only trade for getting the profits and following any hype without any analysis both fundamental and also technicals, it will be the same, like gambling, only putting lucks on what we bought and get profits.
But it is different if we have been analyzing it, fundamentally and technically at least. Although there will not be a 100% correct analysis, at least, we have done our best analysis to minimize losing.
Actually, losing means you sell the coins under the price that we bought, or when we cut loss to get another jump to other coins.
However, as long as we still have the coins, we don't lose them. There will be several stages for it. And also, we can use it for a short or long-term holds.
Different from gambling, we will lose the funds at the time after we really don't win, we cannot hold the coins again if they have been lost from the game.

[Ridwan Fauzi]

I actually disagree to your statement, buying bitcoin isn't like you bet your money in any gambling place or as you mentioned like casino. There is some analyst that you can use as your weapon to make a prediction like technical and fundamental. I guess most people already used both of them or one of them before they buy bitcoin for investing/trading purpose.

I just want to know, when you put your money to gamble did you make a prediction first? or make a structured analysis? I guess no, you just guessing and maybe just take a few time to make a decision. Buying bitcoin is not like that, at least you need an hour at least to buy bitcoin in order to get a profit. This is why, there are so many people who just leave investing in bitcoin because they make same bitcoin and gambling.

[Alucard1]

Maybe you are thinking about trading/investment and gambling, yeah gambling and trading feel the same in terms of the risk, both have no assurance that you can earn money but it doesn't mean that bitcoin is similar to the slot machine, both are different things, bitcoin is not only created for the things called "risk", it has so many good purposes in our daily lives, I don't like playing slot machines but I love exploring cryptocurrency especially bitcoin.

[Alert31]

I won't agree with you OP. Investing in bitcoin is not the same like playing in casino. In Casino you are just guessing while in investing or trading you need to learn and have knowledge about it, at least understand the graph and price movement so that you can earn profit.

[Innerpumper]

it's just that I guess, in cryptocurrency has a more visible and useful item with which there dikasino just a game. Well, some people think of this as gambling, some people trade, some people invest, some people as technology and payment, everything exists based on our own understanding.

[bitzizzix]

Gambling or casino slots are activities that bet money as a bet that relies on luck and cannot be completely controlled and if you continue playing you will lose everything even in an instant.
and bitcoin trading so you have full control over the bitcoin or coins you trade, and you can decide when to buy or sell because even if your trade is losing, you won't lose all of the capital you've deposited in that trade, because the profit and loss is calculated on the basis of the difference between the selling and buying price which is a percentage of the capital.
and trading supported by technical analysis, fundamental and so on related to trading will help increase the chances of producing a good result.

[Yatsan]

Bitcoin and crypto are not like casino slots or any gambling games that you play because when it comes to gambling or betting, the chance you can have to be able to win a profit lies on how lucky you are that will make you earn decent profit but losses will be certain than wins. On the part of Bitcoin and crypto investment and trading, losses can still be manageable as long as you understand the market and you are eager to learn to be able to make things favorable to you. In Bitcoin and crypto, you can somehow have an upper hand on tough situations doing adjustments on how you see things are working unlike on gambling and casino that you cannot do anything but just watch on how you loose your money on betting if you are not lucky about it.

[lalabotax]

So, you meant that Bitcoin and crypto are only for luck to get profits?
Well, if you are doing it without any analysis and also a consideration, only focusing on luck to get a higher price, it may be the same. But in fact, there is a difference if you really do your analysis. If you only do trading or investing based on feelings to get the luck, it is gambling. But differently, if you are doing some analysis, it will be not the same.
I read some articles about it and you maybe can read some of them here:
https://www.investopedia.com/articles/basics/10/investing-or-gambling.asp
https://www.dailyforex.com/forex-articles/2018/10/is-trading-gambling/105092

[xiboothrezi]

Its similar to casino.
~

It looks like you have to play a further dive into the cryptocurrency ecosystem. Experienced traders and investors not only bet their money on a coin or token and then rely on luck, but have previously carried out various market analyzes. So the analogy you made is not quite right.
But if you trade or invest without any basis of analysis, and just hope that your luck will go up, then it's the same as you say about slots. but remember ... not everyone has that mindset