I am only trying to stay safe by gambling less

[poodle63]

Everything is gambling. Even if you are running a business and you were also gambling with your luck. if you are lucky enough and you will get a success but if you were not lucky enough and you will be failed. Life is about how luck your are.
What your friend said was the truth. Investing = gambling. Even if you are only holding your bitcoin and it can also still make you lose your money. That's the point.

[alegotardo]

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.

Honestly, I don't see much difference between trading and gambling, as both rely heavily on luck. However, in trading technique and skill are much more decisive in your profits than in gambling.

I believe that in both cases what makes a big difference is how much real money you are investing in it.
We know that Bitcoin in the long term has a great chance of appreciating, so even holding is safer than trading. But we also know that trading in the conventional stock market has already made many rich people, why couldn't you do the same in crypto?

Keep investing in what you believe in, but never risk more than you can afford to lose.

Of course, be sure to play gambling too, but look at it as entertainment and not an investment.

[bittraffic]

When your friends watch different news channels than yours, you will always have different views on things like Bitcoin investing. When news media represents Bitcoin as geek coins for casinos, they will believe it. And when Congress is having a hearing about cryptocurrency regulation, they all assume everyone is into gambling already.    All that means is that you can't convince anyone until they are using BTC and have made money out of it also.

[Reatim]

why not just go your way mate? you are into trading and your friend is about gambling so what is the sense of this debate?
are you affected on what they are telling you? and also who is a complete winner here? isn't you?
in trading even if you lose today , there is still a big chance that those coins may pump in the coming days as it stays there unless you sell them.
while in gambling once you lose your bets then it is not already yours.

forget them mate and just enjoy your trading and have some fun sometimes in gambling like what you are doing.
less gambling and more on trading?
that is the perfect way to deal with mate.

[Silberman]

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.

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?

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.

In a way both of you have some good points as if you really begin to think about it you will understand that almost anything has some gambling elements on it, however bitcoin investing is not gambling as you are not only depending on your luck to obtain positive results, this makes bitcoin investing somewhat predictable and allows those which can see those patterns to become profitable, something that we know is not possible on the gambling games in which you are completely dependent on luck and in which it is impossible to obtain positive results with any method.

[ethereumhunter]

Everything is gambling. Even if you are running a business and you were also gambling with your luck. if you are lucky enough and you will get a success but if you were not lucky enough and you will be failed. Life is about how luck your are.
What your friend said was the truth. Investing = gambling. Even if you are only holding your bitcoin and it can also still make you lose your money. That's the point.

Even if he only holds his bitcoins and the bitcoin price goes down, he still has a chance to see the bitcoin price go up again. And if he can still hold on to his bitcoins when the price drops and can even buy more, he can sell at the next high price. That will give him an advantage over playing gambling which only eliminates his money at the gambling table. Losing money in bitcoins is recoverable, while losing money in gambling is very difficult to recover. So it's up to him to choose which one.

[tusandii]

When your friends watch different news channels than yours, you will always have different views on things like Bitcoin investing. When news media represents Bitcoin as geek coins for casinos, they will believe it. And when Congress is having a hearing about cryptocurrency regulation, they all assume everyone is into gambling already.    All that means is that you can't convince anyone until they are using BTC and have made money out of it also.

True, friends, in this era, there are many people who don't really understand cryptocurrencies, have the same thoughts as you said, in the environment around me, there are also many people like that who have limited technology and lack insight into cryptocurrencies, have the same thoughts, in my opinion a stupid assumption.
It seems more difficult to convince other people to really believe and want to take advantage of your BTC because I myself have done the same right and in the end all I got were insults and inappropriate words.
It's better to think for yourself and not care about what other people say.
The only way is to stay focused on the goals that have been previously set.

[Strongkored]

Am I not making sense? I will like to hear from you.

Perhaps what your colleague meant by equating investing with gambling is that both have uncertainty of returns, so your colleague thinks that it is the same as gambling which also has the opportunity to experience losses.
You are right that investment is more positive than gambling but it also depends on the type of investment choice because not all investments will provide definite profits in the future, but if the investment is Bitcoin today it is very likely to provide profit.
You don't have to make your friend realize his mistake because he just doesn't like to invest so he makes excuses by equating it with gambling, because indeed gambling can be more fun than investing because investing requires patience until it provides benefits for us.

[len01]

I will answer according to my personal understanding and from the experience I got. but I'm not sure if this is right or wrong.

first of all, we can't compare gambling with trading/investing, it's really different. if we want to admit and realize that both are really different from the real side.
gambling is a business that is established to make a profit or you can call it a place to have fun with a little luxury of risking money to have fun or entertain yourself like when playing the PUBG game we have to reload to be able to complete the appearance of our weapons to make it more attractive and when playing this game can get fun and entertainment. so gambling is just like a little fancy game.

while trading / investing is a place to generate profits using any strategy that can be applied to gain profits such as the stock market. in this investment or trading we can apply an analysis strategy that can bring us to profit. different from gambling based on luck.
and if you ask your friends how much profit you get from gambling, it is one of the mistakes that your friends gamble to find pleasure in gambling not to make a profit.
yes, maybe there are some who think that gambling is a place to multiplier money, it's their own fault, they think that gambling is a place to make a profit. that's a big mistake.
the simple understanding is that gambling is a place for fun based on luck and investment/trading based on strategy analysis that can be set to make a profit and this investment is based on managing your own finances.
so it would be a mistake to compare gambling with investing or trading.

[BobK71]

Your friends must have the wrong idea about gambling and trading or investment. Because there is a big difference between gambling and investing. If someone invests in bitcoins he may loss his assets temporarily of time but again he gets a chance to win big return due to long time holding. But in gambling win or lose either one has to be accepted. Moreover, in case of defeat there is no chance to get his money back. Although many people think of Bitcoin as gambling because of its volatility, the two things are completely different. If we think of it directly without relating it in any way, then gambling has no resemblance to it.

[Davidvictorson]

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 in Bitcoin is gambling. What is gambling?  According to McGill university, gambling is taking part in any game or activity in which you risk money or a valuable object in order to win money. Did you risk money or a valuable object when you invested in Bitcoin? Yes. Is the goal of investing in Bitcoin to make money? Yes. However, there is a clear distinction in both investing in Bitcoin to make money and  gambling at a game to win money. You should know this by now. Funny thing is that I have never heard of anyone who is a pathologically Bitcoin investor such that of they don't invest in Bitcoin which is like gambling from my definition, they can function properly or they have to go as far as stealing to invest in Bitcoin. It has never happened but I cannot say the same for the regular gambling which we know about.

Ref
-https://youthgambling.mcgill.ca/Gambling2/en/adolescents/whatisgambling.php

- nskdeti.ru/j07uf/what-is-gambling-behavior.html

[piebeyb]

Your friends must have the wrong idea about gambling and trading or investment. Because there is a big difference between gambling and investing. If someone invests in bitcoins he may loss his assets temporarily of time but again he gets a chance to win big return due to long time holding. But in gambling win or lose either one has to be accepted. Moreover, in case of defeat there is no chance to get his money back. Although many people think of Bitcoin as gambling because of its volatility, the two things are completely different. If we think of it directly without relating it in any way, then gambling has no resemblance to it.

a lack of understanding about bitcoin which might make OP's friends quickly conclude that investing in bitcoin is the same as gambling or it could be that OP's friends only heard of religious leaders who may never want to be literate with technology so they think it is gambling, but actually there is a difference between the two because investing in bitcoin is the same as gambling, we will never lose our assets but only lose their value which can be a big advantage at any time, that's why it's different from gambling

Playing gambling when we lose then we will lose our money and assets along with their value but not by investing in bitcoin it only loses value at certain times but most people who invest in bitcoin are long term so it's different from gambling which cannot play in the long term except to become an addict and still he will lose money every day. 

[Huppercase]

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.

Any gambler that thinks Bitcoin and betting share the same ideology is daft and they are not well educated, they are just doing that to justify their gambling addiction when your idea is not the same as theirs and they are doing that so as not to be as people who make wrong decisions. In Gambling, any money that is bet is 50:50, it either the bet comes home or you lost at the end of the day and for Bitcoin, when you buy, it may drop in value when there is bad news but that loss is only unrealized loss because you never sell, it is only when you sell you realized a loss, gambling, and bitcoin has their advantage and disadvantage but I will choose Bitcoin as investment and gambling for the fun and the entertainment.

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.

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?

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.

Gambling and Bitcoin both has emotional stress when you involve yourself in the two but betting will send you fastly when you lack the necessary skill to begin with it, it is possible for Bitcoin to be purchase at wrong time but if you have patient, you will recover from the loss when hold but gambling isn't that way, Bitcoin and gambling are two different and I don't view gambling as a form of investment.

[TheGreatPython]

Well I think at some point, your friends might not be wrong and asking them to show you probes of them making more profits than losses isn't a justifying reason to not count Bitcoin investment as not gambling because if you agree with me, you'll understand that there are people who are full time into gambling and are doing extremely very well in it as compared to some crypto traders.
You also spoke about studying the chart and comparing it to lives games and I also wanted to remind you that you can aswell compare this to soccer betting where gamblers also have to make predictions based on analysis as well and with this few points I think there isn't much difference between gambling and crypto investment since they both have to do predictions to Make profit.

I would say you don't have much knowledge about cryptocurrency trading if you are comparing it with gambling only because one needs to make predictions to get profit from both, which isn't always true when it comes to gambling since only sports betting involves predicting the future outcomes and all other forms of gambling are purely based on luck.

On the other hand, you don't have to go through any losses if you can't predict the outcome correctly in trading unless you are doing futures trading which is somehow related to gambling since you can get liquidated if the prices go the other way than what you've predicted, but that's not really all about trading.

[len01]

Well I think at some point, your friends might not be wrong and asking them to show you probes of them making more profits than losses isn't a justifying reason to not count Bitcoin investment as not gambling because if you agree with me, you'll understand that there are people who are full time into gambling and are doing extremely very well in it as compared to some crypto traders.
You also spoke about studying the chart and comparing it to lives games and I also wanted to remind you that you can aswell compare this to soccer betting where gamblers also have to make predictions based on analysis as well and with this few points I think there isn't much difference between gambling and crypto investment since they both have to do predictions to Make profit.

do you believe your statement comparing gambling to crypto investing and think both are the same? or just because your predictions think the two are the same?
one thing you really have to understand here is that gambling is based on luck but investing in bitcoin is like saving.
if you buy bitcoins and use betting on sports betting for example your favorite team and it looks like you win you bet all the money you have but in the last minute the game turns into a surprise when the team you choose loses, are you still talking about a profitable prediction ?? ?

an example of investment, for example, you buy bitcoin when the price is $ 29k after a few months it drops to $ 26k and after 1 year the price rises again to $ 50k and you get a profit. from here do you still mention that gambling and investment have similarities in terms of predictions?

[gunhell16]

First of all, you don't have to argue with him. Because we each have our own beliefs and many things that are not the same. Of course, if you insist on what you know and he does the same to you, for sure your argument will never end.

So it's best to let him do what he believes and just keep quiet because you don't lose him if he doesn't believe in your beliefs.

[cryptofrka]

As an investor, I'd agree that investing is a form of gambling as well.
Every trade I take has a risk element, and I base my setups on defined risk/reward calculation.

It's almost the same as in a sportsbook, the trades that have higher risk/reward are way more risky, as is betting on an outsider in sports betting.

The main difference is that when betting/investing, if you're good enough you'll be able to turn the odds in your favor - especially in trading.
In casinos that's not really the case, casinos have defined house edge and if you gamble a lot, there's a high chance of you being net negative.

Casinos nowadays market themselves as entertainment providers, and I do agree with that. It's fun to play, and there's always a chance you'll win something. Just don't count on it

[aioc]

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 will make a profit holding Bitcoin but on gambling, there's no way you can make a profit even if you are patience and employ the best known strategy, anything will not work in gambling in terms of profit

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'm sure they cannot and will not because if you check their betting history the losses stack up than their winning

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.

The only risk of investing in Bitcoin is the long wait from bear to bull run, that is experts' advice not to put in your emergency saving or your retirement pay just allocate a portion because FUD will not leave the market, but between the two investing in Bitcoin will yield you profit if you have patience and persistence to HODL.

[Huppercase]

Everything is gambling. Even if you are running a business and you were also gambling with your luck. if you are lucky enough and you will get a success but if you were not lucky enough and you will be failed. Life is about how luck your are.
What your friend said was the truth. Investing = gambling. Even if you are only holding your bitcoin and it can also still make you lose your money. That's the point.

There are inherent risks associated with everything in life, and it is not fair to compare the risks involved in a simple business to that of gambling. There are some businesses that may be riskier than gambling, but for the purpose of this discussion, I will assume that we are referring to a simple business.

Gambling, or betting, is a much riskier venture that you cannot engage in on a daily basis, and it requires luck to be successful. My advice is to approach gambling with a more relaxed attitude and not to stress too much about winning every time. If you become too obsessed with winning, you will only experience continuous losses, it should be fun and the experience but when money comes, be happy that you make some.

[Negotiation]

Bitcoin investing in casinos will have to wait patiently to make a profit bitcoin is a reliable currency with more positive results than negative ones. Gamblers will have to wait until the bull run to see the face of profit bitcoin casinos are popular for accepting bitcoin, an alternative payment method and currency that is never bad to have. Always make sure to backup payment methods that you feel are safe and reliable bitcoin casinos differ from regular online casinos due to their fast transaction times.