I am only trying to stay safe by gambling less

[ryzaadit]

I don't think are gonna to work.

Most of big gambling bet are coming from small bett, example like you just want to tried or other think then you're getting triggered to deposit more by a small bett. If you want to stay safe from gambling.

Don't gambling, most casino have a promotion free money and is work to trigred user fo deposit because he losing the money from free money.

[danadc]

I think it's a lie, an investor is not the same as a gambler, also a Bitcoin investor has almost a secure future while a casino player who doesn't win can lose all his money, if an investor puts his money in bitcoin, that at the same time time will have a large amount of money, it will multiply, on the other hand, in a casino like this you play 24 hours the tendency will be more to lose than to win, for this reason it is not recommended to join a casino or play in a casino as a job , because it is not profitable at all.

[yahoo62278]

Investing in Bitcoin(trading) is gambling IMO as you are risking your money and hoping bitcoin price goes up or down depending on how you invested. It's not called guaranteed money but it's less risk than going to a casino and playing slots or whatnot.

[DoublerHunter]

You are also a gambler if you ask me. Why?, Because when you invest you are risking your funds to get what you desire or what you wanted to get. Gambling have different types if you search about it and the most common type of gambling is by playing in a casino with your own money (risking to earn more). If I say, it is the same as investing since you risk your money to make more money but the difference is that gambling in casino is more risky since house always win.

^Everything that has a risk is gambling for me even when all your decision in life considering as gambling.
Bu the measurement here is still there, though bought are risky and considering gambling, but at least investing has less risk than gambling like playing roulette, dice or crash that everything against on the house edge which is the chances of winning is very low compared to BTC investment which is the chances of making money is high. So investment and gambling have a correlation to each other but they are not the same.

[ajiz138]

Arguing arguments with people who don't know what bitcoin investing is will always be put in the same corner as gambling, they must think that bitcoin is always no guarantee it will go up or down but I believe investing in bitcoin is not the same as gambling.

Gambling has more risks that will be faced, for example you play $ 100 in a short time the money can run out while investing in bitcoin we will always have bitcoin in hand and only value affects it because I know bitcoin has volatility so some people consider it like gambling.

Let them give other opinions, but I will never listen to the chatter of people who don't know what bitcoin is and basically we have a judgment on what is invested.

I would consider gambling to be for fun not for income.

[livingfree]

Well, I wouldn't put myself into that kind of debate and argument when both parties have their respective areas. While being a bitcoin investor and a gambler at the same time, I've also got different understanding from these two.

While your friends might be into gambling hardcore then there's no need to argue that gambling for them is better and that's like investing to them.

And as an investor, we take it slowly but surely and that has built us up with our patience that have been paid off overtime without taking that much risk - yes the risk is there but not a lot. At the end of it, you're all friends and you've got different paths to take and don't need to stretch out this type of discussion with them.

[Slow death]

there has always been a big difference between making investments (there are short-term investments, medium-term investments, long-term investments, each person chooses based on time vs. their categories, but I won't talk about them here ) and gambling. although daytrading has a difference with gambling, it should be noted that day trading also makes the person addicted and something that is not worth the risk, most of the time day trading makes the person easily depressed, spend a lot of time looking at the chart and the profit is not worth it, you can test and do math for yourself how much money you put in to day trade and how much profit you are making and how much time you are spending on the computer

think with me, the price of bitcoin is at 27400$, you have 500$ and you buy at 27400$, you see that the price is rising and you sell at 28000$, you will not have a big profit, then the price continues to rise while you have already sold , so the price reaches 32000$. when you buy at 32000$ you will have less bitcoins and when you sell at 33000$ you will have less profit compared to the profit you had when you bought at 27400$ and sold at 28000$. That's why it's not worth just day trading in the cryptocurrency market, only those who invest in the long term in the cryptocurrency market profit, in my opinion gambling should be seen as fun, nothing more than that. day trading should also be avoided

[Dave1]

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Let's say both have risks, in gambling you really don't know the odds, of course if you do sport betting there is the favorite and underdog. But still no assurance that you can win even if you bet on the favorite to win. And then there are games that is based on pure luck.

As compare to bitcoin investment, there is risk but it's calculated. I mean if you see that you are losing, then you can sell and then re-invest later. Or just wait for the price to really go up in a bull run, to make huge profits. So there's a lot of factors to be considered, but we all know that it's better to invest on bitcoin for long term, just saying. As compare to gambling that we might have a long losing streak.

[Darker45]

You are making sense, of course. Gambling in its strict sense can't be compared to investing in Bitcoin. Broadly speaking, though, investing, trading, and even almost everything life in general are a gamble.

However, let me point out certain things. Investing and trading are not entirely the same. Second, most gambling games in crypto casinos are provably fair, so you're not really trusting a company blindly. You can verify the fairness yourself.

This debate isn't actually new. I guess I have already encountered a handful of topics pertaining to this.

[peter0425]

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more,

Wait but this sounds contradicting , How come that they are making you look like a gambling addict when you gamble lesser than them? do i missed something from that part mate?

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and Knows these features how to use https://bitcointalk.org/index.php?topic=5444757.0

I think addiction will not come your way and of course losses.

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

You Are only making things worst when it is obvious that those people are not your friends because if they are? surely they will not treat you like this.

and arguments will never go good if the other involved is close in some opinion.

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Stop dealing with them mate, do your life as you can live without them right?

[Nrcewker]

When the risk involved is high, no matter what the work is, if you are investing and the chances of getting the money back is less or the chances of getting higher returns can be considered as gambling. I am not in favour of saying investing in Bitcoins is nothing but gambling, as in Bitcoin investment, the market is thoroughly checked and hence the investment is done for long term with casual risks. So yes OP, your friends were wrong when they are calling your investment as gambling. Moreover in gambling you lose your whole balance in an instant of time, whereas is trading or investment, if you losing, then you can see the breakdown of your losses.

[Botnake]

When the risk involved is high, no matter what the work is, if you are investing and the chances of getting the money back is less or the chances of getting higher returns can be considered as gambling. I am not in favour of saying investing in Bitcoins is nothing but gambling, as in Bitcoin investment, the market is thoroughly checked and hence the investment is done for long term with casual risks.

When you invest in Bitcoin, there's something called a 'calculated risk,' which doesn't exist in gambling if you're unrealistic and don't consider your chances of winning. When we say 'gambling,' it usually refers to gambling in a casino, where there's a house edge. It's important to understand the house edge, as getting overly optimistic without knowing the risks can be unrealistic.

So yes OP, your friends were wrong when they are calling your investment as gambling. Moreover in gambling you lose your whole balance in an instant of time, whereas is trading or investment, if you losing, then you can see the breakdown of your losses.

You can also see the breakdown of your losses in gambling. The only difference I know of between gambling and investing in Bitcoin is the chance of winning or success. Investing in Bitcoin has an edge in this regard.

[xSkylarx]

This is like explaining what is bitcoin in 3 years old. They have their own thoughts and for sure they will stick to it so I think of you already explained your part then that is already enough dont make your self explain more or done insist more because if they are closed minded they still unable to understand it .If you are still friends with them both of you and your friends should avoid this kind of conversation just be friends and dont talk about it so both of you wont argue

[Johnyz]

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Investing with Bitcoin is not gambling, this two is different and we should not compare it because in investing you are expecting something in return while in gambling you should not expect at all because it will always depend on your luck. Don't listen to your friends, they probably prefer more to gamble than to invest their money. Long term investment on any market is not a gambling, now if you are still confuse then better to assess what's more important to you, to be a gambler and be an investor. Whatever they are saying, you should still know what you are doing and decide on your own.

[Stable090]

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

You know what, it’s better you stop disturbing yourself, no matter what you tell a addicted gambler they will never believe you, they believe you are the one that’s wrong and they are the only one that’s right, so just don’t stress yourself, if they believe the are making money more than you that’s investing in bitcoin, just leave them time will tells. The only people that do see positive results are the gambling sites owners, they are the once that are always winning, they never lose but gamblers are losers.

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

I know if you can hold your bitcoin, it will really be difficult for you to lose when you invest in bitcoin, but gamblers lose money anyhow when gambling. They won’t show you any proof that they are making money, most of them do lose money well in gambling, the only believe they are always having is that they will win big one day and it will cover all their losses, but don’t be surprised that the one day might not

[ethereumhunter]

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Investing with Bitcoin is not gambling, this two is different and we should not compare it because in investing you are expecting something in return while in gambling you should not expect at all because it will always depend on your luck. Don't listen to your friends, they probably prefer more to gamble than to invest their money. Long term investment on any market is not a gambling, now if you are still confuse then better to assess what's more important to you, to be a gambler and be an investor. Whatever they are saying, you should still know what you are doing and decide on your own.

People who think investing in bitcoins is gambling don't know it is different. They only see the price going up and down every day and think it can't be analyzed using many methods so they think it's the same as gambling. But if they follow bitcoin's journey from the beginning, they will see that bitcoin as a long-term investment will work according to the timeframe. Apart from that, they can also see that bitcoin can be used as a short-term, medium-term, and long-term investment.

Better for him to stick with his plan to invest in bitcoin and leave his friends, especially if they don't want to listen to his advice. His friends will regret it when they see that the bitcoin price will return at a high price. And at that moment, his friends might open his mind that bitcoin is not gambling.

[BenCodie]

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

You can take comfort in knowing that investing in Bitcoin is not at all the same as gambling. Bitcoin has use-cases and very likely has a future as well. When you earn (or lose) from Bitcoin, you are doing so from the fluctuation of its value that is derived from both its technology, economics and use-cases. Gambling is no more than a pursuit of gain from taking chance that is not in your favor. When you buy 0.1 BTC, you always have 0.1 BTC. When you gamble 0.1 BTC, the amount of BTC will fluctuate. There is a big difference. What is most similar to gambling would be trading. However if you are just holding, it is far from gambling.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

Yes, history proves that over time Bitcoin investors have undeniably positive results in comparison to gamblers.

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Most gamblers will probably say that. Whether it is true or not is irrelevant. In the long term, they are always expected to be in a loss unless luck is majorly on their side. Even if it is, the gains probably will not outweigh the return that holding Bitcoin would provide in the long term.

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Gambling - You are always expected to be in a loss in the long term.
Trading - somewhat gambling depending on how you are trading.
Holding bitcoin - Not gambling if you are disciplined and do not touch your holdings in the long term.

[kotajikikox]

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

How can they show you when the reality of gambling is 80% losing
and only 5% winning and 15% is luck 
they can not prove you right but also there is no need to have this debate , because gamblers has different views from investors like us.
they wanted an easy money when we are here for long term purpose .

[rodskee]

You are already in trading mate , so there is nothing to deal with them  as gambling is too far from trading  because in trading we can maintain our funds without doing anything but in gambling , you need to bet or else you'' have nothing in return.
in gambling we are risking too much but in trading we can keep Holding and stay safer.

[Kakmakr]

We should not care about the silly arguments that are made about Bitcoin, but we do... right. In any way..... there are a huge difference between trading and investing in speculative investments and pushing your money into a Slot machine, hoping to get a win.

It is as you said.... if you ask the majority of gamblers to show their balance sheet, they will be in the red, because gambling goes with losses....but ask a Bitcoin owner to show his balance sheet, then you will find that most of them are in the green. (Simply owning Bitcoin, shows something positive on your books)