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Author Topic: Motivating gambling addicts to invest in bitcoins.  (Read 570 times)
worle1bm
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July 11, 2023, 06:22:08 AM
 #21

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.
I think he's talking about the gambling addicts for the physical casinos that accept fiat payments only and don't have idea about bitcoin or crypto.But there are many crypto casinos these days but those who are addicted to it already know they can invest that money but they can't control themselves.Investing needs patience to get to the actual profits but they are interested in gambling more to make fast profits even after they are losing money.We can try to motivate them but they also need strong mind to support themselves.

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July 11, 2023, 06:28:31 AM
 #22

Not just Bitcoin but also altcoins too, I am a gambler, I am into mostly Roulette and Slots but I have made much more money from altcoin investments between the 2022 bear market till now, and what I've made from gambling is not even close to half of what I've made from few altcoins so far, I think OP is right, if you can gamble with altcoins you will make more money than gambling but we all like having fun in different ways so I am in no way going to discourage anyone not to gamble, there is money in gambling too if you are lucky.






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July 11, 2023, 06:47:24 AM
 #23

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.
Gamblers require quick money, which they cannot obtain through Bitcoin investment because the market is unpredictable.
To benefit from Bitcoin investment, one must hold it for an extended amount of time before selling it, whereas gamblers cannot wait so long to make money, so they cannot hang on to their Bitcoin investment.
If they really want a large return on investment in a short period of time, I believe Altcoins and some shitcoins may be a viable option for them to gamble on.

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July 11, 2023, 07:15:08 AM
 #24

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 bitcoin is a good coin to gamble with. The price of Bitcoin is not volatile as other altcoins, so you might not make money within a short period. Gamblers are motivated by quick money and bitcoin hardly gives such an opportunity. To make money from bitcoin, you have to hold the coin for some time until the price goes up. Addiction is not good behavior, so I don't even encourage anyone to be addicted to even investing in bitcoin. Bitcointalk is a good place to get information about Bitcoin but you should also do your research from other sources.
Not just Bitcoin but also altcoins too, I am a gambler, I am into mostly Roulette and Slots but I have made much more money from altcoin investments between the 2022 bear market till now, and what I've made from gambling is not even close to half of what I've made from few altcoins so far, I think OP is right, if you can gamble with altcoins you will make more money than gambling but we all like having fun in different ways so I am in no way going to discourage anyone not to gamble, there is money in gambling too if you are lucky.
Even as an altcoin gambler, there should be self-control. Addiction to altcoin gambling will still not be good for his finance because he might not make investments decision based on knowledge but because of his uncontrollable drive to gamble. Buying and selling altcoin for profit might be better than gambling but it should be done moderately because too much of everything is bad. Advising Op to switch to altcoin is a good one but helping him to control his drive from quick money will be better.

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July 11, 2023, 07:23:19 AM
 #25

It's difficult to get the attitude of gambling away from someone who's addicted because they see everything also as useless until they are left with nothing they began to regret their actions but changing their mindset before introducing them to Bitcoin investment will be a better way of helping them invest in Bitcoin instead of wasting their funds gambling on daily basis. Take note, before you convince them to leave gambling to invest in Bitcoin, ensure they don't see Bitcoin investment as some money doubling scheme so they don't end up being disappointed when they don't make quick profit and also help them to get knowledge before they invest so they don't end up investing without proper knowledge that's another kind of gambling you know?

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July 11, 2023, 07:36:40 AM
 #26

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.
Buying bitcoins, and HODLing it is no fun. You have to restrict and hold back yourself from many financial temptations and wants that will want you to spend. It can even get boring unlike gambling, that is all fun even though people loose money from it. It will be easier to tell a gambling addict to try to also have some investments in bitcoins while they gamble, than telling them never to gamble again but then start focusing on only investing in bitcoins.
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July 11, 2023, 07:38:45 AM
 #27

Take note, before you convince them to leave gambling to invest in Bitcoin, ensure they don't see Bitcoin investment as some money doubling scheme so they don't end up being disappointed when they don't make quick profit and also help them to get knowledge before they invest so they don't end up investing without proper knowledge that's another kind of gambling you know?

It took a long time and it involved a lot of people. Family support and a psychologist will probably help him. In addition, the main factor is the will from within. There are many ways but not all are effective. But if gambling makes you more devastated, then you should be more aware because you will live hard. Turning gambling addiction into crypto investing is also not easy. But sometimes gamblers who know crypto sometimes think more and have a clear plan and discipline. Sometimes even crypto enthusiasts do gambling just for entertainment.

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July 11, 2023, 07:57:34 AM
 #28

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
There is a difference between a gambler and a gambling addict. It's not actually bad to talk to a gambler about bitcoin investment. But not to a gambling addict, because gambling addicts are impatient and unpredictable, they don't have the time to wait for their Bitcoin investment to yield meaningful returns. Some of them go as far as selling their personal properties just to gamble, so how do you expect such a person to be a Bitcoin investor? An addict might wake up one money, withdraw his investment and use it to gamble. It is only when the person has genuinely repented and turned from his ways, then can talking about bitcoin investment makes sense.

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July 11, 2023, 08:03:38 AM
 #29

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

If a gambler wants to be an investor, they can do it with stocks, gold...or any other form of investment. Your idea makes me feel that you are looking at bitcoin as another form of gambling than an investment. Gamblers and investors are completely different, I don't think your idea will get the gambler's approval. Because gamblers just want to make quick money while bitcoin is a long term investment, how can you encourage them to give up gambling and switch to investing?

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July 11, 2023, 08:06:56 AM
 #30

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
This is not a good idea, it may seem easy to just convince people to use the money they dedicated to one activity to another, but this is not so simple especially if we are talking about an addiction, even if you could convince those people to invest in bitcoin then they will just find a way to gamble with bitcoin on the markets, with this in mind it is better to not skip the necessary steps to help those people, so at first they need to stop their compulsive gambling on their own, understand why this is wrong, receive help, remain clean for months and years, explain how bitcoin and this market works to them and only then they could be ready to take the responsibility to invest in this market.
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July 11, 2023, 08:25:28 AM
 #31

Gambling  addicts also using a Bitcoin with their gambling games we are a in the web 3 right now so not only with the bitcoin but also with the other coins they can use as their investment. Actually most of the gambling casino still using the way of amount of the bitcoin for example the deposit is in BTC and not in the dollar currencies so if the market goes up or even down their coins may varies and not fix as dollar rate I've seen this a lot so they can use their money as investment while playing gambling. Seems the perspective the same as their investment

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July 11, 2023, 08:25:57 AM
 #32

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.
People who want quick profits will not be interested in investing. Inviting them to switch to investing will be a tough obstacle especially since they are already addicted gamblers so the assumption that inviting is not the best idea is also not wrong because investing in Bitcoin requires a long period of time.

To save them from having a heavy addiction, motivating them by introducing Bitcoin is good in my opinion by providing a positive understanding of Bitcoin.
With Bitcoin they can at least do day trading if the knowledge is sufficient for them to do so that their time is no longer on gambling.

R


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July 11, 2023, 08:40:23 AM
Merited by Sandra_hakeem (3), Die_empty (2)
 #33

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.

Bitcointalk can't solve gambling addiction problems and bitcointalk isn't the right place to look for money to solve your problem if you lack money. Don't promise any individual that they can make money by joining the forum. They can make money by investing in Bitcoin but it'll not solved their addiction problem. Bitcoin has no attachment like money and this might make them gamble more with Bitcoin as it's very comfortable betting on crypto casino.

Before introducing any gambler to investing in Bitcoin, make sure they're no longer an addict. If you don't do that then they'll be using the profits they got from Bitcoin to gamble and if hey're an extreme addict, they might use the capital that was invest in Bitcoin to gamble.

R


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July 11, 2023, 08:46:28 AM
 #34

Not just Bitcoin but also altcoins too, I am a gambler, I am into mostly Roulette and Slots but I have made much more money from altcoin investments between the 2022 bear market till now, and what I've made from gambling is not even close to half of what I've made from few altcoins so far, I think OP is right, if you can gamble with altcoins you will make more money than gambling but we all like having fun in different ways so I am in no way going to discourage anyone not to gamble, there is money in gambling too if you are lucky.



Investing in altcoins is considered a gamble, but investing in it also requires a lot of knowledge and experience, even more knowledge of investing in altcoins than bitcoin. So it can also be a barrier for gamblers because they are people who are not hard working and diligent in acquiring knowledge and taking the time to learn. But given what you've been through, it shows that investing in altcoins isn't as bad as many people are going viral, and I don't really hate altcoins either. To be fair, investing in altcoins today offers better returns than bitcoin, but many are denying it.

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July 11, 2023, 08:46:54 AM
 #35

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

Let's just know that many of these people that are involved in gambling and bet and lose always are also aware of Bitcoin investment and other businesses that may bring them profit in the future, but due to their eagerness for instant profits they think that they will be making, they decided to choose gambling ahead of Bitcoin investment and other opportunities with less risk. So just believe that even if you try to convince them, they may never listen to someone because their quick way is to make money.
 
Gambling suppose to be seen as funny but not a way of getting rich, but many people see it as a way they can become rich, so with that mentality, they put more faith in the belief that one day they will make it through gambling.
 
I have seen someone betting throughout a season and did  not win even once, and when I try to tell him if he had invested all the money he wasted on gambling in bitcoin, how much did he think he could have invested in bitcoin by now and the profits he will make in future, he says that he prefers short-term profits. Let know that some people have Bitcoin but they are still selling it to gamble despite knowing it will bring them profit in the future. Let know that is not everyone you can convince to leave gambling and to start invest in Bitcoin.

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July 11, 2023, 08:49:20 AM
 #36

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
It's easy as it may seem. If you're trying to advocate investing in Bitcoin for these gambling addicts, there's no assurance that they'd listen to you. I am sure that there have been other people that were concerned with them and gave them advice but, they never listened to anybody.
Much better is just to let remind them of what's good for them but don't force them to do something that they don't wanna do. It's good that you're spreading that investing in Bitcoin is good but, you're unsure if they might like the idea of it.

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July 11, 2023, 08:51:01 AM
 #37

Those people won’t listen to you, according to me. As they are gambling in order to make money in a shorter period of time. So if you ask them to invest in bitcoins, they will simply deny it. Investments aren’t about quick returns. Hence, they will treat bitcoin investments as any other sort of investment. You need to make them realise the importance of bitcoins and how they have risen from 0. Once they see the profit in this, they will only invest a small amount in bitcoins. Moreover, don’t forget that Bitcoins are also used for gambling in many crypto casinos.

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July 11, 2023, 09:10:18 AM
 #38

Most gamblers using crypto are also investing in Bitcoin, this is what I have noticed around me, few people that I knew are into crypto investment are also into crypto gambling, it's doable and it can also be called risk diversification, if one doesn't work the other will benefit.

It's also the same in my own case, I do gambling few times in a month and I still keep accumulating crypto projects and Bitcoin, I am opened to all kind of risks but gambling isn't investment, it's about trying your luck and it's fun.

If gambling isn't fun then you are passing your budget boundaries, you are using money you are not ready to lose or you are chasing a bigger goal, to me it's feels wrong.

Anything that deals with luck needs to be approached with minimal risk play.

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July 11, 2023, 09:34:29 AM
 #39

If someone struggles with a gambling addiction, this person might need professional help. If not, an activity to substitute gambling can be good, but I don't think that investing in Bitcoin is a good option. Firstly, gambling is often about getting fast results, while Bitcoin investment isn't. You bet some money and get a fast result, learning whether you won or lost the bet. Then you do it over and over again. Buying Bitcoin like that, using small amounts and many iterations, can look as suspicious financial behaviour and cost a lot in fees. Also, there's no immediate result, as the price simply fluctuates.
Secondly, a big part of the problem with gambling is losing money, which is why I believe that investing in Bitcoin is a bad option. If a person is just buying and buying without being willing to sell, it's basically lost money. Not to mention that Bitcoin can be in the bear market for a long time.

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July 11, 2023, 10:23:48 AM
 #40

The way to make money in Bitcoins is to encourage them to learn to trade or invest where they only need to buy Bitcoins over a certain period. If gamblers could divert their money to trade or invest in Bitcoin, they might get bigger profits than playing gambling.

But it won't be easy to impart knowledge or introduce Bitcoin to addicted gamblers. And instead, they can use Bitcoin to gamble in the hope of having more Bitcoin from their winnings. The first thing to do is open their horizons to other ways they can use to make money. But it takes a process until they realize that looking for other ways to make money is better than gambling.

They can distract themselves from gambling and find new activities from trading and investing. And they will also find more opportunities to make money.

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