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Author Topic: Motivating gambling addicts to invest in bitcoins.  (Read 570 times)
Assiduous (OP)
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July 11, 2023, 12:54:07 AM
Last edit: July 11, 2023, 08:23:16 AM by Assiduous
 #1

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.

One thing to remember, I'm not criticizing gambling. I'm just sharing my opinion. thank you
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July 11, 2023, 02:05:19 AM
 #2

Take note also that there lot of gambling that use Bitcoin to gamble  Cheesy (I can relate) but some of these people we can't call gambling addicts.

To be honest, this good idea, if they bought Bitcoin to use it for gambling, they should just keep it and not touch or use it for gambling. It's kinda related to saving fiat currency and not touching it or use for gambling.

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SquirrelJulietGarden
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July 11, 2023, 02:20:05 AM
 #3

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.

One thing to remember, I'm not criticizing gambling. I'm just sharing my opinion. thank you
Gamblers and investors, traders are different types of people and you can not ask a gambler to be an investor. Some people will do both trading, investing and gambling but I implied about pure traders, pure investors and pure gamblers.

Gamblers are greedy and want to get rich quickly and see exponential growth curve of their asset with gambling. Asking them to wait months or years to get profit from investment sounds very stressful with them. Asking them to learn about trading, spend time in the market to get profit from trading is too much, they don't want to do so many things like such.

You can only advise those gamblers to reduce their gambling and aim at stop gambling entirely but it wont't be easy and they only can stop gambling if they are very serious and usually after they get rekted by gambling.

Gambling responsible is not easy to do for all gamblers.

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July 11, 2023, 03:00:48 AM
 #4

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Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.
          Well, depending on the point of view and the situation that the person is in, because it may be that the individual is in a controllable stage, or it may also be that he is in a stage of uncontrollable "vice". It's a good idea, but as I understand it, the main benefit would be that it will allow the person to leave the game and use or invest that time to earn money with bitcoin... as the colleague says GranArkansas :
Take note also that there lot of gambling that use Bitcoin to gamble  Cheesy (I can relate) but some of these people we can't call gambling addicts.
          There are people who only play as a hobby but if that person is very deep in that world I doubt they want to get out of it, as you yourself say they are "Addicted", It is encouraging to see that you care about those who are addicted to the game and seek effective ways help. It is true that investing in cryptocurrencies such as Bitcoin can present financial opportunities, but we must also consider the risks involved, such as: Affecting the mental and emotional well-being of the person and could even intensify their addiction.
          I think… in my opinion that, Instead of encouraging gambling “addicts” to invest in bitcoins, the first step is to provide them with support and access to specialized treatment programs. You may be able to overcome your addiction and achieve a healthy balance in your life with the help of these types of programs. Clearly it is not an easy task, but perhaps as improvements are seen or that addiction is overcome, it would be the exact moment to apply that excellent idea that you bring Wink.
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July 11, 2023, 03:33:53 AM
 #5

Gamblers are generally not interested in investments like Bitcoin or stocks. They basically want to either win or lose instantly and move on. Hence why they go to the casino or buy scratch off tickets.

No gambler wants to buy Bitcoin today and wait 5 years for it to double. Trading in general has little to do with gambling. Most people that buy stocks do it for their retirement account because they get some benefits. Are they considered gamblers? Obviously not.

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July 11, 2023, 03:55:01 AM
 #6

At the core, it seems to be about replacing a high-risk activity (gambling) with another high-risk activity (cryptocurrency investment). Although, on the surface, both share similarities like the potential for big wins, they are inherently different in their operation and implications.

Bitcoin investment, unlike gambling, is not based purely on chance. It requires an understanding of economic principles, market trends, and risk management. While this knowledge can be acquired, the same personality traits that lead to compulsive gambling might exacerbate risky behaviors in cryptocurrency trading.


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July 11, 2023, 04:10:55 AM
 #7

No gambler wants to buy Bitcoin today and wait 5 years for it to double. Trading in general has little to do with gambling.

Not really. Trading, the more short-term and less informed it is, the more it resembles gambling.

At the core, it seems to be about replacing a high-risk activity (gambling) with another high-risk activity (cryptocurrency investment). Although, on the surface, both share similarities like the potential for big wins, they are inherently different in their operation and implications.

Bitcoin investment, unlike gambling, is not based purely on chance. It requires an understanding of economic principles, market trends, and risk management. While this knowledge can be acquired, the same personality traits that lead to compulsive gambling might exacerbate risky behaviors in cryptocurrency trading.

Yes, but as I have just said there are also people who trade with little knowledge.

The fact is that they have a certain resemblance and recommending bitcoin as a way out of gambling is not a solution. Buying bitcoin in the long term is not going to take the gambler's mind off gambling, and short-term trading is too similar and can lead to the same type of addictive behaviour and to losing money just as much or more.

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July 11, 2023, 04:14:27 AM
Merited by philipma1957 (2)
 #8

I don't think that's a good idea. They want fast profits, they will just lose money in Bitcoin at some point and nothing will change. Gambling should be treated, not just moved to other things.

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July 11, 2023, 04:18:29 AM
 #9

Gambling addicts usually don’t have the patience to make an investment. These people gamble because they wants to see the results immediately. Bitcoin may return great profits in a year or two but these people can’t wait that long. At best they can wait a week or a month but we all know that making an investment doesn’t work that way. Investors wait year, sometimes decades to get a meaningful return on their investments. I don’t see gamblers having that kind of patience.

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July 11, 2023, 04:22:15 AM
 #10

Well maybe if the players slowed down a bit and used those earnings to invest, it would help them in a certain way, but I also understand why they do it it's a means by which you can win almost immediately when you learn it  the strategies and you are very lucky, I would say that this advice could be directed more to those who bet with fiat currency, to them I would encourage them to invest instead of wasting their time on it but... there are also those people who play their games using bitcoin, and if these are seen from another perspective besides "game", it could be said that it would be a way to obtain more bitcoin quickly and with the same risk that would be taken with investments in this currency, which they include a bit of time and the possibility of losing too…..I think that in the latter case whether it would be worth it  a bit….
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July 11, 2023, 04:24:23 AM
 #11

Lmao I think we're better off having them to have good stable jobs and fix their mindsets rather than letting them immediately jump into a speculative and volatile asset.


Gamblers are generally not interested in investments like Bitcoin or stocks. They basically want to either win or lose instantly and move on. Hence why they go to the casino or buy scratch off tickets.

No gambler wants to buy Bitcoin today and wait 5 years for it to double. Trading in general has little to do with gambling. Most people that buy stocks do it for their retirement account because they get some benefits. Are they considered gamblers? Obviously not.
Lol traders who don't know crap about what they're doing are pretty much gamblers. Gambling isn't only applicable when talking about casinos.

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July 11, 2023, 04:33:52 AM
 #12

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.

One thing to remember, I'm not criticizing gambling. I'm just sharing my opinion. thank you

Well that's a good proposition but don't expect gamblers to quit gambling just because they have invested in Bitcoin. Gambling is a habit which forms an addiction. Just like cigarette is smoked when the body needs nicotine. Similarly, gamers need adrenaline rush, it's not always about making money.  So investing in Bitcoin can't keep them away from gambling in any way. So they will have to take it as an investment which may fetch them some income when the time is right. Don't expect anything else.

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July 11, 2023, 04:47:21 AM
 #13

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.
Bitcoin is money > one of the ways to earn money in bitcoin spcace is gambling.

Quote
Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin.
And fortunately bitcointalk respects the freedom of bitcoiner interests, the forum provides facilities for gambling lovers, here https://bitcointalk.org/index.php?board=56.0

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In this, the person addicted to gambling could stay away from gambling besides earning money.
You are wrong, gambling addicts should first get a therapist and financial consultant. Bitcoin can't help them get out of the gambling loop naturally.

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July 11, 2023, 04:47:43 AM
 #14

Gamblers, mostly those gambling addicts, all they want is to gamble; for sure, they don't want to invest in bitcoin, even though they know it. Some gamblers use Bitcoin as their payment method to gamble on specific websites. Those gambling addicts really want to play and feel the emotions while playing it, unlike investors, who wouldn't feel it and for sure are not interested in it.
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July 11, 2023, 05:25:21 AM
 #15

I have a few friends who invested in Crypto currencies, but they are also hooked on gambling. So, they will buy Crypto currencies and as soon as their money runs out, then they start dipping into their hoard.

The only way to stop gambling, will be self exclusion and then to get medial help for their gambling problem. Leave the advice for the professionals, because they know how to deal with addiction.  Wink

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July 11, 2023, 05:25:31 AM
 #16

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.

One thing to remember, I'm not criticizing gambling. I'm just sharing my opinion. thank you
I don't think your idea is something that could work: people who gamble all the time have a serious problem, it's actually an addiction, they do it because they need to in a certain way. Bitcoin is not gambling, there is a lot of study behind it and I don't think that someone who likes to gamble would actually care to learn about bitcoin, it's too much work.

.
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July 11, 2023, 05:48:21 AM
 #17

People who love gambling often like to risk their money. They care about the here and now. I doubt that you will find a gambler who is willing to wait several years to make a profit. On the other hand, Bitcoin lovers in general are people who know how to plan their actions, and I think that they are completely different in their type of temperament from gamblers. But of course, in both cases, there is a risk, but it is better when the risk is justified and people approach it with their own strategy.

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July 11, 2023, 05:51:30 AM
 #18

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.

One thing to remember, I'm not criticizing gambling. I'm just sharing my opinion. thank you

Gambling addicts don't invest. If you give them money or crypto, they will just spend it in the casino.
Gambling addiction is a serious issue, which needs long term treatment and help from friends and family.
Thinking that you could miraculously cure gambling addicts by teaching them how to invest is simply delusional.
Bitcoin is NOT a way to earn money. Bitcoin is a financial asset/currency. I guess that you are talking about finding a job in the cryptocurrency industry as a way to earn money. I will have to disappoint you, but most gambling addicts don't have good skills and qualifications and no employer in the world would hire a person, that has an addiction.

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July 11, 2023, 05:59:24 AM
 #19

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin? I think they would have invested in Bitcoin and they could have made money from it.Besides, if they can discuss about Bitcointalk in detail, then I think they will learn about Bitcointalk besides investing in Bitcoin. In this, the person addicted to gambling could stay away from gambling besides earning money.
Look at the what you said "addicted gambler" an addict are will always be carried away with his gambling activities and will use whatever kind of funds that he has fiat or cryptocurrency to gamble just to satisfy his emotion by chasing his loss. I have read of a forum member who out of boredom decided to kill time with gambling and before he knew it,he was unable to control himself and used all his bitcoin for gambling which he came here and tell us about his actions. This is how it will also happen to a gambler who is introduced to crypto,online casinos has made it easy for him to enjoy his gambling activities because they use cryptocurrency for gambling. It is hard for someone who is not a gambler to be able to hold his bitcoin investment portfolio for long,because that person is not used to savings or didn't plan a good strategy to enable him hold for long. Talk more of an addicted gambler.

R


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July 11, 2023, 06:20:24 AM
 #20

Nowadays many people in our country are addicted to gambling. I have seen many people losing their huge amount in most of the gambling games. If all those people can be informed about bitcoin, how to earn money in bitcoin?
This is a cryptocurrency platform meaning people are very much aware of bitcoin, but trying to solve peoples gambling problems with telling them to redirect those Bitcoins to investments isn't practical as this just delays their gambling habits!

But if we ask ourselves, what makes people gambling addicts? I think it has to do with fast profits that come from gambling 🎰  which can't be gotten from anywhere else and investments don't fit their money making profile as these take forever to be realized! But then again if you think about it, the reason we have too many people gambling is because of the ever advancing technology, these portable devices we have and the ease to jump on these platforms without much restrictions makes it a recipe for disaster and minors too are gambling...which is why parents and guardians need to be proactive to see what their kids are doing.

I think they would have invested in Bitcoin and they could have made money from it.
I beg to differ, this is easier said than done...investments are not an easy undertaking...people can have problems along the way that needs an immediate address and they can cash out these investments to sort out such issues, or price volatility can make one to bailout and try something else as profits won't be seen immediately... tbh investments arent meant for everyone !

R


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LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
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