PROS AND CONS OF CRRYPTOGAMBLING.

[DoublerHunter]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

We cannot literally blame them because that is their way to somehow enjoy life and that's what they are used to do, nevertheless if they knew that they are not that lucky with that kind of activities but still they chose to do because every gambler have their own certain reason why they kept on doing such activity even if it doesn't help them that much.

^ Probably the reason could be they enjoyed the game that somehow the money does not a problem or they can afford what they have spent in gambling.
There are people who gambling is their life, most of them are those people who live alone and nobody can talk, I know this because I have a friend that is so much addictive to gambling. There are too many pros and cons to gambling, but it is a matter of how to discipline ourselves and must be aware of the negative consequences that waiting ahead, as they said, be a responsible gambler and you will be fine, always remember that gambling is an entertainment purpose only not a money maker.

[tabas]

There's no problem if they are truly reputable. The thing about the risk with what you're saying is about the risk of losing anytime you gamble. It's always there and it is unsure that you're lucky at all times, well those things are already predetermined when you gamble.
There's nothing to worry about if that's the thing of the risk that you're telling and being hacked and scammed is up to the user.

There are always risks, no matter what the reputation is, so advice about the size of the deposit and other security is relevant. For example, I have not heard that the LUNA project has any reputation problems (at least more than other top projects), but nevertheless it was reset in just a couple of days. This does not apply to gambling (or vice versa applies lol) but as an example it fits well.

Yeah, much better if it's about the deposit of trying out. Just only deposit with the minimum amount that you can afford. It is a test that you'll be okay to lose all of it at once. Well, that fiasco that Luna/UST surely can be a comparison to this but I'm sure many would choose that path rather than choosing to gamble with a casino. In fact, I'm seeing a lot of them including my friends that are going crazy monitoring the price. As for me, I'm not happy with my gains there. Too little. 

[Maslate]

There's no problem if they are truly reputable. The thing about the risk with what you're saying is about the risk of losing anytime you gamble. It's always there and it is unsure that you're lucky at all times, well those things are already predetermined when you gamble.
There's nothing to worry about if that's the thing of the risk that you're telling and being hacked and scammed is up to the user.

There are always risks, no matter what the reputation is, so advice about the size of the deposit and other security is relevant. For example, I have not heard that the LUNA project has any reputation problems (at least more than other top projects), but nevertheless it was reset in just a couple of days. This does not apply to gambling (or vice versa applies lol) but as an example it fits well.

Yeah, much better if it's about the deposit of trying out. Just only deposit with the minimum amount that you can afford. It is a test that you'll be okay to lose all of it at once. Well, that fiasco that Luna/UST surely can be a comparison to this but I'm sure many would choose that path rather than choosing to gamble with a casino. In fact, I'm seeing a lot of them including my friends that are going crazy monitoring the price. As for me, I'm not happy with my gains there. Too little. 

Well, true, learn how to control the risk and don't bet on one site alone. Even when saving your money in the bank, you don't put everything in one bank so you'll be able to minimize the risk, I mean anything could happen, a good reputation could go bad in an instant, so without risk management, you are putting your money in danger.

Personally, I don't gamble on one gambling site only, I choose to explore and spread my money on reputable gambling sites.

[tabas]

Yeah, much better if it's about the deposit of trying out. Just only deposit with the minimum amount that you can afford. It is a test that you'll be okay to lose all of it at once. Well, that fiasco that Luna/UST surely can be a comparison to this but I'm sure many would choose that path rather than choosing to gamble with a casino. In fact, I'm seeing a lot of them including my friends that are going crazy monitoring the price. As for me, I'm not happy with my gains there. Too little.  

Well, true, learn how to control the risk and don't bet on one site alone. Even when saving your money in the bank, you don't put everything in one bank so you'll be able to minimize the risk, I mean anything could happen, a good reputation could go bad in an instant, so without risk management, you are putting your money in danger.

Personally, I don't gamble on one gambling site only, I choose to explore and spread my money on reputable gambling sites.

It's okay to bet on one casino as long as it's a reputable one and you've got experience with it. I prefer not to jump as much as I can if I'm enjoying myself and I've tested the casino.
But if it's about putting your money, it's true that you don't deposit everything you've got. Always be cautious that you shouldn't do that because you need to be wise as you gamble.
Should you win and that's when you decide if you'll continue with all that you've got including that money you've won.

[Sirait]

(...)

cut

I am not familiar with this one. I'm lucky that all of the gambling sites that I currently playing at doesn't have that high withdrawal limits, I think it is one of their strategy so some players will keep wagering their money until they lose as playing more would have a high chance that you would lose.

I also thought this, playing on gambling sites that charge cheap withdrawal fees is a fortune. are you actively playing in gamdom too? i play quite often on gamdom and find that the withdrawal fees they charge are almost zero, besides that there is no KYC and also minimum withdrawals like other gambling sites.

[wxa7115]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

People focus too much on the extremes, those that are professional gamblers and those that are addicted to gambling are but a very small part of the community of gamblers.

Most gamblers are simply common people that like to add a little bit of excitement to their lives by taking a risk with their money and I do not see anything wrong with that, after all as long as people do not bet  money they cannot afford to lose then they should be free to do whatever they want with it.

[bitbollo]

...
Firstly, crypto-gambling is never a stable source of profit because anything can happen(loss) .
...

Gambling is never a source of profit, excluding certain categories of professionals (see professional poker) and people who are truly skilled in certain sports (who practically turn to events globally to place live bets).

Gambling is a great way to "have fun", get distracted, feel an emotion, but it should never be seen as a source of profit.

Even if it becomes a source of profit, (therefore a bettor able to win a decent amount) you must always check how many hours he has dedicated to it and how much he has risked (i.e. the capital played/instruments like laptop, internet connections, magazines etc)
.
You realize that it took him XX hours of his time to win XXX USD in one day.
An amount that cannot be won consistently, and a very small amount when compared to a gain that could come from another hobby or playful activity (such as "being a dog sitter!")

[mirakal]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

We cannot literally blame them because that is their way to somehow enjoy life and that's what they are used to do, nevertheless if they knew that they are not that lucky with that kind of activities but still they chose to do because every gambler have their own certain reason why they kept on doing such activity even if it doesn't help them that much.

^ Probably the reason could be they enjoyed the game that somehow the money does not a problem or they can afford what they have spent in gambling.
There are people who gambling is their life, most of them are those people who live alone and nobody can talk, I know this because I have a friend that is so much addictive to gambling. There are too many pros and cons to gambling, but it is a matter of how to discipline ourselves and must be aware of the negative consequences that waiting ahead, as they said, be a responsible gambler and you will be fine, always remember that gambling is an entertainment purpose only not a money maker.

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

[og kush420]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

[TimeTeller]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Does it mean that your region is allowing the online casinos to operate but physical casinos are banned?
Maybe, your government can see the positive side now of allowing casinos to do their business owed to the pandemic.
Because during this pandemic, online gambling is one of the businesses that really thrived  and survived.
If they will allow it, and just get the taxes out of it, they can benefit from it, but the online casinos should be legally under their jurisdiction.
If not, they can't get something out of it especially those without gaming licenses. Maybe, they will change their minds now when it comes to traditional gambling.

[l3pox]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

[michellee]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

[iv4n]

PROS AND CONS OF CRRYPTOGAMBLING.
I know that one of the greatest questions that crosses our mind is “is gambling worth it?” .

It is like the question for trading or investing, depending on who you are. If you are a professional gambler or gambler with certain skills and abilities, moreover with also high luck, gambling is worthy neough. But if you are only an addicted gamblers without good ability and skills, only laying on luck, well, this may be a way to spend your money and rash your life. We have seen the pros and cons of gambling so far in society. Many criminals emerged because the negative eimpact of gambling activities and addics, moroever in some countries that gambling is actually banned but they stillplay gambling everyday as daily activity, being addicted and having much loans.

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

Lucasgabd has a point! It's a thin line between passion and addiction, but that's the case when we enjoy doing something! And if we don't know how to control our passions they can eat us, literally! Gambling faster than something else, that's for sure! And I agree that the difference between vaccine and poison could be in dose, and that's a good lesson about why it's important to have some kind of control over things we do! Risk management is actually an awareness of all pros and cons when doing something! What to watch for and when to be extra careful!

In my case gambling is worth as long as we treat it as entertainment! Even if we lose that can be an affordable loss, we pay for every fun anyway, I am from those people who enjoy spending money on gambling more than on some other stuff!

[l3pox]

<...>

and like many of the cool things in life sometimes it's hard to tell the difference between passion and addiction
(ask your favorite artist...)

the main difference between the vaccine and the poison could be the dose
if gambling is not making your life worse and if you can control yourself and use good risk management to not blow your account, why not?

Lucasgabd has a point! It's a thin line between passion and addiction, but that's the case when we enjoy doing something! And if we don't know how to control our passions they can eat us, literally! Gambling faster than something else, that's for sure! And I agree that the difference between vaccine and poison could be in dose, and that's a good lesson about why it's important to have some kind of control over things we do! Risk management is actually an awareness of all pros and cons when doing something! What to watch for and when to be extra careful!

In my case gambling is worth as long as we treat it as entertainment! Even if we lose that can be an affordable loss, we pay for every fun anyway, I am from those people who enjoy spending money on gambling more than on some other stuff!

propension for addiction and hability to control for sure has some relationship with genetics and brain chemistry too, it's interesting

I've been playing a lot of chess and I noticed how it affects my mood, I have to take care to to become grumpy if I lose a lot.
tricky...

on gambling, if you know yourself enough that in some situations you have the propensity to spend more than you expected, limiting total bankroll available for the game is probably one of the best strategies.

[panjul07]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

If gambling is the main problem, bitcoin should not be the one to be banned but gambling itself.
We all know there are many illegal activities in this world, government should be wise to do an action.
How if there is no crypto and most gamblers are gambling using fiat currency?
Will the government ban the fiat currency? Pretty sure it wont happen.

[mirakal]

Yes, right? I mean there's certainly plenty of things or activities that could be made if the reason is just to try to entertain ourselves or some pastime. So, if the people are choosing gambling activities over those options then I do bet that these certain people aren't afraid of losing some bucks as we know that gambling is quite an expensive pastime.

Well, as I said, it's their choice and they surely know what's the repercussions.

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

[Smartvirus]

I live in a region where gambling is banned and there are no casinos. Hardly anyone gambled till the time bitcoin came in the market.
Now many can gamble and earn some money - but people are very careful and keep the scams in consideration.

Surely your region/country have just banned physical or offline casinos and not the sites on the internet where almost anyone in your region can gamble, maybe you and your fellow citizens don't know much about that. But yes, you're right because when bitcoin came it gave more exposure and introduced online casinos.

Bans on physical gambling platforms be it casinos or sporst betting is possible and archiveable but when it comes to online gambling, it is something that, you cannot completely regulate, not even by the gambling sites themselves.
These days, we've got VPN and these apps work quiet well especially, the paid or subscribed once. They by pass all the restrictions upon a nation and makes the plans of the government unachievable.

Gambling has been a menace to those that haven't got the know how and for these few, gambling is painted black and seems like a vice as in the times of old. That's why it's reserves for the matures mind, those that understand how to take risk and have a steady flow of income.

[michellee]

snip

That means bitcoin converts people in your area to playing gambling using bitcoins. As long as bitcoin isn't just used for gambling and people use it for other positive things, I guess your government will be fine. But it's different if people only use bitcoins for gambling. It will surely provoke a negative reaction from many parties. There is a possibility that the government will ban the use of bitcoins in your area. So you better be careful and don't use crypto too often to gamble.

If gambling is the main problem, bitcoin should not be the one to be banned but gambling itself.
We all know there are many illegal activities in this world, government should be wise to do an action.
How if there is no crypto and most gamblers are gambling using fiat currency?
Will the government ban the fiat currency? Pretty sure it wont happen.

There is a possibility that the government will still ban or prohibit gambling because there are already many problems with addiction that occur in many countries. But maybe this is not widely reported so we think people who play gambling look okay. The presence of crypto in gambling has indeed provided a way for gamblers to play anonymously without anyone knowing. Yes, the government needs to be wise with regard to gambling issues so it is likely that the actions that will be taken by each government will vary depending on the situation and conditions that occur in their country.

[LUCKMCFLY]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

[arwin100]

The pros are many, among the best of all the pros is that you can win money and a lot of money, but the cons are much more, the first thing is that you can lose gradually, and if there is no control then you will start losing faster due to the fact of wanting revenge against the casino and thus will lose much more.

I think the main thing about seeing casinos is as a means of entertainment, of escape from anything, but it should be seen only as that and not as a means of work or work.

There are many people who see casinos as a better way of working, and seeing it that way is a total loss factor, I think those may be the cons.

Maybe the expectation to earn a lot of money make people fantasies something in gambling and if we look at certain scenarios we can figure out that this is hard to achieve knowing that mostly the house always win and their gamblers end up losing their money in quick scenario.

Cons maybe the capacity to lose our money is so huge so most provably that we need to be more careful since living on unrealistic scenario that we can win is so dangerous.