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Question: Which are you?
gambler turned investor - 6 (25%)
investor then turned a gambler - 18 (75%)
Total Voters: 24

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Author Topic: turned gambler after investing in BTC or investor turned gambler?  (Read 605 times)
KTChampions
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December 15, 2022, 08:08:28 PM
 #81

This is just a question got from someone I hangout with yesterday when I introduced her to investing in BTC. She is 50+ but managed a busy small hotel and has a son who had been playing games on the computer all the time. After some discussion, I advised her to just remind the son not to gamble the BTC.

So she asked how I end up gambling online. I'm not totally a gambler at all, I started investing and somehow stray as I'm trying to win some.
She began to worry since her son is on the computer all the time and might gamble upon learning the BTC can be gambled.

Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?
But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?

I chose option number one and I'm surprised it's not the most popular option. It would seem that if you do something and it does not bring success, then you need to change (stop gambling), but no, instead, investors also turn into gamblers  Grin
Very strange, especially given the well-known cyclical nature of BTC. Probably, people simply do not have enough nerves to keep their position in a volatile market, believing in their choice for years.

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December 15, 2022, 09:03:58 PM
 #82

From what I can see, it will be very hard for a gambler to turn investor because most of the funds could be used to gamble more which is why a gambler will always continue gamblers for ever. They will not be able to quit because of the zeal I'm them to gambler more so that they can win more profits.

It is very easy for an investor to go into gambling due to the quest to make more profits from the gambling market/world but it is very hard to see a gambler turning investor which could be due to find management and other factors. Even gambling addiction can cause it for a gambler not to become an investor.

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December 15, 2022, 09:42:18 PM
 #83

From what I can see, it will be very hard for a gambler to turn investor because most of the funds could be used to gamble more which is why a gambler will always continue gamblers for ever. They will not be able to quit because of the zeal I'm them to gambler more so that they can win more profits.

It is very easy for an investor to go into gambling due to the quest to make more profits from the gambling market/world but it is very hard to see a gambler turning investor which could be due to find management and other factors. Even gambling addiction can cause it for a gambler not to become an investor.
But there are gamblers which are already investors but its true that it is most likely they would be using up those funds in the end of the day but there are ones which are really that good on controlling themselves.
If its really an investment then they wont really be that spending on whats been allocated for investment.It would really vary because not all person would really be the same when it comes to their
preference and dealing up with things.Some are really just playing because they do really love to seek for leisure for a stressful day or something that want to ease up those boredom.
We wont really know on whats up on someone on why they are doing such things.

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December 15, 2022, 11:55:30 PM
 #84



Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?
There are millions of gamers in the gaming industry like gambling is also a multi-billion industry and if you look at the feature and what gamers are doing they are also doing what gamblers are doing they are buying pieces of stuff, leveling up challenging the house or their co gamer, so it's easy for gamers to shift to gambling and they want more challenge to make money they know what to look for and that's gambling 

Quote
But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?
I am an investor first before I become a gambler there are a lot of advertisements here about gambling and since they adopt Cryptocurrency might as well play to have a chance of increasing my coins, of course, compared to gambling there's a lot of risks involved in gambling and if you're careless you can become a chronic gambler.

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December 16, 2022, 12:21:49 AM
 #85

All of options are vague. I meant anyone would always be doing multiple tasks in their life and so, picking one from both was not true. These days investors were also doing gambling otherwise gamblers were also having some amounts of money invested in the crypto and so, all of things were true.
It doesn't make sense if you generalize someone could not do multi tasks activities by making two different choices. Those options were true but i guess any gamblers or investors were doing both of things at the same times.
I think that those options were not matched with the fact.

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December 16, 2022, 12:54:09 AM
 #86

The higher possibility is investors mostly turns out to be addicted gamblers for reason. The gambling addiction kicks in after trying many lucrative promos on various casinos due to the large advertisement. Only few lucky percentage of gamblers goes to investing permanently, IMHO. This is what I have seen in last 10 years.
Investing and gambling are not the same thing, it is just like comparing people that have money but gambling with it too. Someone can be investing on a project or a coin that can latter become profitable, that is investment. But anyone can become a gambler and if not properly avoiding using high amount of money it can be on a loss side for him. I think we should talk about gambling differently and investing differently too because they have no connection. We should just remain saying that gamblers should use what they can afford to lose is the proper thing to say for not to use money that they intended to use for another thing on gambling.

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December 16, 2022, 06:03:33 AM
 #87

The higher possibility is investors mostly turns out to be addicted gamblers for reason. The gambling addiction kicks in after trying many lucrative promos on various casinos due to the large advertisement. Only a few lucky percentage of gamblers goes to investing permanently, IMHO. This is what I have seen in last 10 years.
Investing and gambling are not the same thing, it is just like comparing people that have money but gambling with it too. Someone can be investing on a project or a coin that can latter become profitable, that is investment. But anyone can become a gambler and if not properly avoiding using high amount of money it can be on a loss side for him. I think we should talk about gambling differently and investing differently too because they have no connection. We should just remain saying that gamblers should use what they can afford to lose is the proper thing to say for not to use money that they intended to use for another thing on gambling.

Some of us look at these differently though. There were times that I think I have gambled my money into investing a new token and the risk is still there. So far there are 14 who voted that they started investing and began gambling, it seems expected to have higher counts also.

5 voters are gamblers who become investors. Which of them follow the advice that says only invest money you can afford to lose would be for another poll.


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December 16, 2022, 07:23:21 AM
 #88



So she asked how I end up gambling online. I'm not totally a gambler at all, I started investing and somehow stray as I'm trying to win some.
She began to worry since her son is on the computer all the time and might gamble upon learning the BTC can be gambled.
She really has a reason to worry because gambling sites are just keywords away and some gaming sites are advertising gambling sites even showing deposit bonuses and chances to win big something newbies hard to ignore that's how I end up turning from investor to gambler long before I become active in gambling

Quote
Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?

They almost have the same interface and the same dashboard gamers can fully acquaint themselves with gambling sites with little tutorials, gamers and gamblers have the same risk behaviors they go all out when seeing an opportunity


Quote
But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?

I am an investor before turning to gambling when I was active in altcoin bounty hunting and gambling sites are advertising here in Bitcointalk I get attracted to those bonuses and a chance to win big prizes, which looks easy at first glance until you find out that it's not that easy.

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December 16, 2022, 07:44:35 AM
 #89

the votes shows how we are mostly investors first before learning gambling , because as my own experiences? i only once invested and has no idea about crypto gambling at all , but after being one? then yes i turned into gambler but not that addicted but yes also losing big money sometimes like recently that all my year end bonus spent in gambling lol.

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December 16, 2022, 08:14:53 AM
 #90

Whatever the case should be, the idea is just to stay in profit.
Investing is not as easy task and same thing applies to gambling but whatever the case should be, both a gambler and an investor wantes to be happy and just make money.
I was an investor before switching to gambling but that doesn't I mean I stopped investing, I only see gambling as a way to making passive income and on the days my winnings are much, I use mist of it for some more investments while I still try to gamble responsibly.
I was also like that when I started crypto. My first purpose is just to invest but when I realized I can also gamble with crypto, I started gambling hoping to make additional profits. But when I start seeing my money losing more from gambling, I realized that gambling can never be a resort from investing. Gambling should be for entertainment purposes only, and it’s not gonna give you sustainable profits unlike investing and trading.

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December 16, 2022, 10:54:04 AM
 #91

 I think I can vouch for the majority of people in this forum when I say that a majority of us gamblers now have started in the cryptocurrency industry as investors and traders. Doesn't matter what the reason is, we just found ourselves investing hard-earned money on cryptocurrencies and eventually learned how to trade and all that, when we have finally accumulated substantial experience in the space, we ventured to the green pastures of the cryptocurrency gambling field either to unwind and relax, or to increase facets of profit. I myself started investing since 2016, but I just started gambling in 2021 because a friend, whom started in crypto looking for coin airdrops and then using them to gamble for more money introduced me to cryptocurrency gambling.

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December 16, 2022, 12:09:04 PM
 #92

I am not a heavy gambler but I did gamble already ever since I had my own money to bet. So I fall into the category of a gambler becoming an investor although I haven't stopped gambling as well.

I am actually surprised that most of the answers are opposite to mine. Did you guys just start gambling after learning and investing in bitcoin? Although it is already in my mind before that investing in bitcoin will open you to crypto gambling which is far more friendly, accessible, and private. I hope you guys are all responsible gamblers, especially these days when money is hard to find. 




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December 16, 2022, 01:10:38 PM
 #93


 Are you a gambler that become an investor or an investor that turned into a gambler?


I really don't like to gamble online but I do have experience playing in casinos back then you need credit card and bank account to play something I don't want to use to gamble as its risky and my credit limit is just enough to my household purchase, but after the popularity of Cryptocurrency and many online casinos using Cryptocurrency I was tempted to play, its fun easy and cheap I remember my first deposit was $10 worth Doge so from investor I become a gambler, but there's a lot of risk playing in casino than investing or trading I found that out after losing huge amount of money.

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December 16, 2022, 01:51:27 PM
 #94

snip

Which one has a high possibility of happening, a gamer eventually becomes a gambler or an investor turns into a gambler?
But first, answer the poll which are you. Are you a gambler that become an investor or an investor that turned into a gambler?
i am not an addicted gambler, but i started gambling for the first time because i wanted to multiply the bitcoin that i have, that means i am an investor who becomes a gambler.  i don't know how many have become like me, but to be honest, i think the best way to double the bitcoin we have is by trading or playing it in crypto gambling.

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December 16, 2022, 02:19:12 PM
 #95

Whatever the case should be, the idea is just to stay in profit.
Investing is not as easy task and same thing applies to gambling but whatever the case should be, both a gambler and an investor wantes to be happy and just make money.
I was an investor before switching to gambling but that doesn't I mean I stopped investing, I only see gambling as a way to making passive income and on the days my winnings are much, I use mist of it for some more investments while I still try to gamble responsibly.
I was also like that when I started crypto. My first purpose is just to invest but when I realized I can also gamble with crypto, I started gambling hoping to make additional profits. But when I start seeing my money losing more from gambling, I realized that gambling can never be a resort from investing. Gambling should be for entertainment purposes only, and it’s not gonna give you sustainable profits unlike investing and trading.
Exactly what happened to me and I have gambled before getting to know crypto even though it wasn't very often. And I thought because crypto can grow holdings and it can also increase value, so I gambled on crypto.
and actually gambling is just a bet, luck is actually luck only has a very small chance, and losses are bigger. And for a while I had to control myself to limit bets and bet small amounts and only play when I had the urge, and try to be a wise investor.

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December 16, 2022, 02:24:08 PM
 #96

Some of us look at these differently though. There were times that I think I have gambled my money into investing a new token and the risk is still there. So far there are 14 who voted that they started investing and began gambling, it seems expected to have higher counts also.

5 voters are gamblers who become investors. Which of them follow the advice that says only invest money you can afford to lose would be for another poll.

If it is a gamble because of investing our money into a new token, I prefer to avoid trying it because we will have a hard time finding new tokens that can provide big profits later.

And if you choose to be an investor, you better avoid trying to be a gambler because it will cost you money. And if you are a gambler, you better try to become an investor. The choice is yours Grin

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December 16, 2022, 02:28:40 PM
 #97

Some of us look at these differently though. There were times that I think I have gambled my money into investing a new token and the risk is still there. So far there are 14 who voted that they started investing and began gambling, it seems expected to have higher counts also.

5 voters are gamblers who become investors. Which of them follow the advice that says only invest money you can afford to lose would be for another poll.

If it is a gamble because of investing our money into a new token, I prefer to avoid trying it because we will have a hard time finding new tokens that can provide big profits later.

And if you choose to be an investor, you better avoid trying to be a gambler because it will cost you money. And if you are a gambler, you better try to become an investor. The choice is yours Grin

Some of the gamblers that are gamblers and not investors are people who have enough money to gamble but not enough money to invest and they want to first win big then they will would love to try investing  Grin,that is my personal case,I am trying to win a huge win from my slot machines game play and then see where to invest this money,of course not the brightest of the idea to try to make big money through gambling but I know the possibility exists despite being 1:100000000 and I am fully aware of what I am doing.

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