I am only trying to stay safe by gambling less

[milewilda]

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.

I do tally agree with these words considering that if someone would really be fighting for on whats right on his mind or something that he do believe then it would really be a never ending kind of argument on which it would really be that certain that it would really be a long story but its really true that its none of our business if someone do really look up that way. Better not to waste your time on making some explanation to someone about risks in neither gambling or investing because it would really be that totally different if we do speak about investment and leisure thing.
If you do see that it is the right way to be done then go ahead, we do have our own lives and we do have our own money for us to spent out whether we do go trading or would be doing gambling.
Getting yourself being safe is on how you do know on how to make lesser chance of spending much money or losing that much but if you do go for leisure and dealing with
gambling then it is really just that part.

[1714798888]

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[1714798888]

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[arwin100]

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.

So wrong to compare it on trading since by looking at those two they have their own preferences and compare to trading there's a lot of way to gain or recover back when bad luck came to us. Compare on gambling where we only really on the luck we wish to come at the time we are playing and sometimes we execute all things in random manner. So with those things trading is really different and  those two choices is incomparable.

[alastantiger]

Trading that is even riskier is not gambling, not to talk of investing in bitcoin. You are correct.

Trading is the extreme of gambling. And the risk is even higher and very significant.The OP or anyone doesn't need  to expend your energy on arguing about the obvious. I have always known that gamblers will see everything as gambling and you can't really blame them it is just how their mindset has already been configured.

[uneng]

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.

So wrong to compare it on trading since by looking at those two they have their own preferences and compare to trading there's a lot of way to gain or recover back when bad luck came to us. Compare on gambling where we only really on the luck we wish to come at the time we are playing and sometimes we execute all things in random manner. So with those things trading is really different and  those two choices is incomparable.

I believe it's fine to compare gambling to short term trading, because there isn't actually any difference between both. You never know what is going to happen on the next hour or on the next day with Bitcoin price. Only long term trading makes more sense from an investment perspective, as that is how solid profit is made on this industry cycle after cycle, which pushes crypto market as a whole to upper marketcap's levels.

Anyway, OP shouldn't engage into a competition with addicted gamblers to find out who gambles more or who is right on this matter. These guys are going to lose money sooner or later, and for OP it's better to be far from them once this happens.

[Finestream]

Bitcoin investing could fall into gambling if you are just investing because of greed, because your friends tell you to do so. If you are not actually aware of the risks you are taking and have no prior knowledge and experience about investing, surely the outcome will certainly like gambling. However, if you invest because you have gained utmost knowledge about bitcoin and you believe that it could bring you life changing profits, then most likely you will achieve a positive outcome that’s too far from gambling. But with gambling, no matter how good or expert you are in it, you will never give yourself opportunities to win because when you are already winning some profits, you still continue to gamble hoping for bigger profits, but eventually you lose them all and used up all your winnings.

[348Judah]

Trading that is even riskier is not gambling, not to talk of investing in bitcoin. You are correct.

Trading is the extreme of gambling. And the risk is even higher and very significant.The OP or anyone doesn't need  to expend your energy on arguing about the obvious. I have always known that gamblers will see everything as gambling and you can't really blame them it is just how their mindset has already been configured.

If you're a good trader and have interest in gambling as well, I don't think you can have much challenges because the two have one similarity which is risk, you must take this risk in doing any of them, but know that there's a clear differences between trading and gambling because they are different, gambling with moderation will also helps in staying safe while taking care of of your steps will serve a precaution to going outrageous.

[LogitechMouse]

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.

Why are you arguing with regards to this one at first place?
I mean they are gamblers, so obviously they see investing as gambling as well because what they are thinking right now is whenever you put your money into somebody, and you have the chance to lose your money, it is gambling. They think of everything as gambling.

Investing can be, and cannot be gambling depending on your approach. Investing into something that you know, and you've made research into it can't be called gambling IMO. On the other hand, investing into something that you don't fully understand is comparable to gambling already.

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?

It depends.
Both Bitcoin investors and gamblers can get more negative results than positive ones. If you're a Bitcoin investor, you can make more mistakes than corrects when you invested without proper knowledge. On the other hand, in gambling, if you aren't lucky, you will not win thus you will make more losses than wins.

[wiss19]

Investing in an asset as Bitcoin is not gambling, if you have a plan or if you are into it for the long term. Actually, I recall reading some news a couple of years ago about a study performed by some university, they gave some money to gamblers and make them trade Bitcoin on an exchange, they lost all they money, because im the end they did not even have a plan and did not even know how the read charts or indicators.

If you were putting money into shitcoins, then I would argue that you are closer to gambling than your would if you were trying to profit off Bitcoin.

The difference between trading and gambling is the fact trading is not only about luck, but other economical factors which can be predicted, unlike slots, dices or plinko. You are right, your friends are not. Gamble responsibly and trade wisely. 

Investing has risks because there are fluctuations and we can't predict the flow of things therefore we can consider them as gambling. it's important to have a plan in everything that you do so that won't feel lost.

That's a nice experiment they conduct there but maybe all of those people involved are unlucky because luck can still make them win even without a true knowledge about trading but if they make things seriously, they can learn trading and multiply that money but they didn't even bother because it wasn't theirs anyway and then their profession is through gambling only. The OP's decision to gamble less is great and we must follow it too if we are a heavy gambler.

[Casdinyard]

Let me just say, the copium huff is so hard on your friends' parts.

Sure, there is risk involved with gambling and investing, hell I can even agree with them in the fact that they said investing is pretty much like gambling. But the fact of the matter is, at least in investing, certain practices, disciplines, and knowledge are there to help you become successful in your craft, and in turn earn money in the process. In gambling you pretty much crank the lever and hope for the best. No thought involved, risk ceiling as high as you can put into the table, and the benefits not even going to last you over your lifetime, at least statistically. So in the grand scheme of things they are still losing big time while you on the other hand, casual gambler as you are, gain profits in the process.

[Ondekinecakabilirim]

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.

I certainly wouldn't categorize these two in the same position. I guess your friends have no idea about Bitcoin. If they had an idea about Bitcoin, they wouldn't think so. To show them the truth, you must first inform them about Bitcoin. I think right now they don't have enough knowledge to evaluate the two concepts properly. Because someone who has the right information about both concepts would not make such a statement.

[Fivestar4everMVP]

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.

I certainly wouldn't categorize these two in the same position. I guess your friends have no idea about Bitcoin. If they had an idea about Bitcoin, they wouldn't think so. To show them the truth, you must first inform them about Bitcoin. I think right now they don't have enough knowledge to evaluate the two concepts properly. Because someone who has the right information about both concepts would not make such a statement.

Yeah, there are some people that have heard about bitcoin, but are still very ignorant of it in terms of knowledge, and for some, ego is the emotion that does allow them bring themselves down so as to learn from those that are more experienced in this area, most especially, when they feel they are already doing well financially, and not really interest in trying something new...

Anyone with good knowledge of bitcoin will never consider trading the same as gambling, it's a noob attitude to believe such.

[Maslate]

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.

Both of you are right actually, because making an investments is also a gamble because we really don't know what will be the outcome. As if we know the outcome, will it still be called a gamble? Most probably, it's a hard no.

But by the way, does arguing about this thing got any advantage towards their gambling and your investments? You guys surely have a lot of time to waste because this kind of argument is pointless and endless especially if neither one of you will accept that one of you is right and one of you is wrong.

[rahmad2nd]

~snip~
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.

What you are telling, is a classic story that is common in our environment. If I were you, I would not engage in pointless debate. moreover, if they are stubborn people. but what you convey to your friends, is entirely your right to share the understanding that you know. We all know that investing and gambling are two different things. but not infrequently, many ordinary people think that investing is not much different from gambling. that's why, I say that this story is a classic story.

By the way, what you explained I almost completely agree with. however, there is a better explanation that the common sense can accept for people who do not understand what investing is, what is Bitcoin and what is gambling. if you have free time, you can give them a more detailed understanding but explain it in a simple way so that it is easy to accept. Don't forget that actually, investing involves risk. and those of us who are engaged in this industry, are very aware of that. maybe, your friend assumes, that in essence everything is risky. it's just that, there are differences that we can explain. suggestion, if you can practice it while showing the difference, maybe they will understand a little. because, if through debate, there will be no resolution.

[Fatunad]

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.

Both of you are right actually, because making an investments is also a gamble because we really don't know what will be the outcome. As if we know the outcome, will it still be called a gamble? Most probably, it's a hard no.

But by the way, does arguing about this thing got any advantage towards their gambling and your investments? You guys surely have a lot of time to waste because this kind of argument is pointless and endless especially if neither one of you will accept that one of you is right and one of you is wrong.

Gamble in a way that it does have less risks considering that you could apply some strategy or analysis into it, unlike when you do really gamble literally into those games been offered by the houses or platforms.
We do really be having that fine line which we could really make out some differences in between things but i do really totally that disagree that investment or businesses are really that truly a gamble on huge sense.
Yes, we are really that applying that risks taking since outcome or results arent really that guaranteed success but somewhat it is much more worth on dealing or establishing or involving yourself on this way.
We know that leisure or entertainment things arent really or something that couldnt be described to be included on such criteria. If you are really that seeing that gambling is way too risky and you
cant really just afford on spending your bucks through it then you would definitely choosing up on building a business instead. So its up to your choice on which one you would be taking into.

[qwertyup23]

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?

Generally yes. With BTC investing, you actually have data on-hand where you can use it to your advantage. You can somehow forecast the price of the BTC at a given time due to several factors both intrinsic and extrinsic. This makes investing an opportunity and an advantage as well which cannot be done in gambling.

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.

It is definitely not the same with casinos. While both have the presence of risk, the risk is far greater in BTC gambling due to its nature. Like what I also previously mentioned, there cannot be an absolute result in gambling- the risk is too great for a person to risk due to the lack of any data to take advantage of.

[EarnOnVictor]

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.

So wrong to compare it on trading since by looking at those two they have their own preferences and compare to trading there's a lot of way to gain or recover back when bad luck came to us. Compare on gambling where we only really on the luck we wish to come at the time we are playing and sometimes we execute all things in random manner. So with those things trading is really different and  those two choices is incomparable.

I believe it's fine to compare gambling to short term trading, because there isn't actually any difference between both. You never know what is going to happen on the next hour or on the next day with Bitcoin price. Only long term trading makes more sense from an investment perspective, as that is how solid profit is made on this industry cycle after cycle, which pushes crypto market as a whole to upper marketcap's levels.

I wouldn't blame you if you are ignorant of trading, it's clear by your comparison of short-term trading to gambling, they don't just mix. It's unfortunate that many don't know the difference between gambling and trading, they are not just the same irrespective of the timeframe used or the holding time.

However, it's worth noting that you can gamble in trading if you don't know what you are doing be it short or long-term trading, yet it would be ill to condemn a well-established short-term strategy as a gamble when the trader knows what he's actually doing. The scenarios are just two different things.

In other words, traders only gamble when there is no basis for their decision, not otherwise as you percept it here.

[serjent05]

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 investment are two different categories.  With Bitcoin investment, you are in control of your risk, you can sell whenever you wanted and can pull out your investment when necessary while in gambling once you set a bet and spin, it is either win or lose.  You do not control the result and you cannot exercise risk management when you set your bet.  Only people who have less knowledge of Bitcoin or just wanted to troll in saying that investing in Bitcoin is gambling.  The information about the evidence of the difference between the two is spread across the internet.

[noormcs5]

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.

Gambling less make you lose less money, so if you do not gamble at all, you will lose nothing.

Also, trading is risky too and people lose money in trading too. So what if they do not gamble, they will not lose money at all.

I think you are talking this discussion in a wrong way. There are gamblers who will gamble no matter they lose or win. People have passion for gambling and they even enjoy and have fun while gambling.

Secondly, risk is involved in everything. If you gamble, and take risk, there is a little probability that you will earn big money as oppose to taking no risk and earning nothing.

[Weawant]

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.

Your friends are very wrong, there's a very big difference between gamblers and investors although we do have people that gamble with their investments and this are different from real investors a d just those people looking for quick riches.

Anybody that doesn't research before they invest or take advise for their investment from random strangers on the internet either form watching youtube or TikTok videos are just gambling as they don't have solid reasos for their investment.

They're just been hopeful and that's how gamblers feel, they aren't sure of profits but only hope they get some when they win, investing gives guarantee of profits provided you have patience but gamblers are quick money seekers so they can't have patience.

[Rigon]

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.

Gambling and Bitcoin investing are completely different things. When a person loses gambling, that person never gets his lost money back. But whenever a person takes a loss by investing in Bitcoin there is a time when that person can expect to recover the loss. And investing in Bitcoin can be highly guaranteed to recover from losses. So the thinking of your friends is completely wrong. Your friends may have got some winnings at present due to which they are more addicted to gambling. You become less addicted to gambling by holding on to Bitcoin investments. At some point your friends will be around you to prove that gambling is really different from investing.