Why is Gamble gaining more fans than Bitcoin?

[maydna]

~snip~

The advantage of bitcoin is even if the market collapsed still we cannot be consider at loss since as you said people can do something like just hold their bitcoins and wait for perfect time for market to recover. Unlike on gambling if we lose we can't recover it back unless we continue to bet and will be in more bad shape if we are not lucky then we encounter a losing streak on our bets.

Also for popularity discussion gambling is first known before bitcoin and its just casino owner just adopt the market of crypto and they use this as payment methods for crypto users to play on their platform.

And when we lose playing gambling using bitcoin, it is clear that we suffer losses because we lose some bitcoins, which are not easy for us to recover from. And this is why people have to change their minds about not using their bitcoins too often and choose to use altcoins for gambling. Besides having low transaction fees, altcoin prices are also not very high compared to bitcoin prices. And when gambling, the minimum bet for using altcoins is different so they can avoid big losses. But when they experience defeat in using bitcoin, it will hurt. But for now, bitcoin is better known and popular because people already know the uses of bitcoin other than gambling, so some of them use bitcoin as an investment instead of using it for gambling.

[coinerer]

Gambling is more fun than bitcoin because bitcoin is just a currency but gambling is a fun place with different types of games and different odds so it is natural that gambling will be more fun than bitcoin. Bitcoin and gambling are not the same thing so it is foolish to compare the two. Gambling is used by many people just for fun but everyone invests in bitcoins or uses bitcoins for profit.  Bitcoin is also fun to use but it is not something that can be compared to gambling

I think there is a lot of difference between bitcoin and gambling. Gambling is considered as a pastime. Trading with bitcoin is considered commercial.  I invest in Bitcoin for profit but I choose to gamble for entertainment.  I think there is a lot of difference between the two. Gambling is basically an addiction but I can't say how much addiction is trading in Bitcoin.  Gambling is more fun for me I mostly like to gamble in free time so I will always choose gambling.

Trading bitcoin can also be very exciting, after all if you bought bitcoin for a cheap price and then months later bitcoin has grown incredibly fast since the bull market finally came then this can be an exhilarating feeling, and if anything the excitement can be many times higher than what you can achieve with gambling, because when it comes to gambling the amounts we have to use are small, while the amounts we use to trade are much higher as our savings are on the line.

Yes after buying bitcoins that time is very fun when bitcoins grow fast and profit fast. But it is not much fun when it has to be long time haul but again that moment is very happy when a big profit is made after long time hold. But gambling is always fun if we aim to enjoy gambling.  But gambling is not much fun when there is a loss if it is for income. But both are great fun but no two are alike.  Different types of fun are available from both

[YOSHIE]

As far as I know, the world of gambling didn't have many fans, only certain people liked to gamble.
as time goes by, with today's sophisticated technology and in addition to the gambling industry, many are using deposit and withdrawal methods with crypto as it is today, things will happen as you can imagine right now.

Actually it's not gambling that many fans, on the contrary Bitcoin is a lot of fans, with Bitcoin gambling it's easier to bet on, having $ 10 currency in Bitcoin you can already bet, that's all regardless of all the risks, if you talk about risk, of course gambling is a bigger risk than Bitcoin, but because many fans are caused by the convenience of Bitcoin in making transactions rather than fiat.

[Gozie51]

^

Gambling, unlike Bitcoin, has been known for thousands of years. Today it is difficult to find a corner where there is not known at least one gambling game. Bitcoin's white paper was written only 15 years ago, so it should come as no surprise that gambling is more widespread than Bitcoin.

I understand that gambling has been around a long time. Apart from the point of duration of time that both have been around, gambling is more of direct reach to the people. Like if you bet you either lose or you profit, straight and direct process but in comparison with bitcoin, you won't say the same of it.

For Bitcoin you have to buy to invest, hodl , open a wallet, wait for increase before profit but gambling is totally different from that.

[jostorres]

As far as I know, the world of gambling didn't have many fans, only certain people liked to gamble.
as time goes by, with today's sophisticated technology and in addition to the gambling industry, many are using deposit and withdrawal methods with crypto as it is today, things will happen as you can imagine right now.

Actually it's not gambling that many fans, on the contrary Bitcoin is a lot of fans, with Bitcoin gambling it's easier to bet on, having $ 10 currency in Bitcoin you can already bet, that's all regardless of all the risks, if you talk about risk, of course gambling is a bigger risk than Bitcoin, but because many fans are caused by the convenience of Bitcoin in making transactions rather than fiat.

Both gambling and Bitcoin are two different things; gambling is something that people do and it has been around for centuries because people like doing it even if it causes them money and it has an addiction, as well which makes people get involved more often. On the other hand, Bitcoin is a cryptocurrency that has functionalities of its own but it is not something related to Bitcoin other than the fact that it can also be used for gambling purposes just like fiat.

So gambling has always had more fans because it has been there when there was no Bitcoin, but after Bitcoin came into being, people started creating casino platforms that accepted Bitcoin as a currency to be used for gambling, so more people started gambling using Bitcoin, and there should be no surprise if gambling has more fans than Bitcoin because it has been around for a much longer time.

[Awaklara]

Yes after buying bitcoins that time is very fun when bitcoins grow fast and profit fast. But it is not much fun when it has to be long time haul but again that moment is very happy when a big profit is made after long time hold. But gambling is always fun if we aim to enjoy gambling.  But gambling is not much fun when there is a loss if it is for income. But both are great fun but no two are alike.  Different types of fun are available from both

gambling and Bitcoin both have two opposing sides. Some people like gambling and some don't. Likewise, with Bitcoin, there are those who like it and some who don't.
those who enjoy both of course feel how pleasure can be obtained from gambling and also Bitcoin. but nevertheless, gambling has a very long history in human civilization. even long before there were online casinos. Many people come to offline casinos to gamble. and even with simple gambling, we can do with people watching the game.

[pakhitheboss]

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source

According to my understanding both Gambling and Bitcoin investment are risky. Gambling is not that new if you compared it with Bitcoin and gambling is basically a game played for entertainment. As Bitcoin is new to the world when we compare it with gambling there is a belief that the risk of losing money in Bitcoin investment is high than in gambling. Another point that I think is relevant to your topic is the rise of crypto casinos and the downfall of fiat casinos.

As we all know during the pandemic gamblers started shifting from traditional casinos, and online casinos to crypto casinos because of anonymity, security, speed, and convenience. This trend has been increasing as gamblers have started investing in their favorite cryptocurrency for gambling. That being said it does not mean they are buying Bitcoin for gambling as apart from Bitcoin their other crypto is available in these casinos. Why are they avoiding Bitcoin simply because of its volatility?

[Zoomic]

Yes after buying bitcoins that time is very fun when bitcoins grow fast and profit fast. But it is not much fun when it has to be long time haul but again that moment is very happy when a big profit is made after long time hold. But gambling is always fun if we aim to enjoy gambling.  But gambling is not much fun when there is a loss if it is for income. But both are great fun but no two are alike.  Different types of fun are available from both

If I understood you correctly, what you meant is that gambling always give an instant results be it good or bad. Unlike bitcoin that may take months and even years to give results.
In this case the excitement and entertainment lies with gambling because of the short duration of time to give results.
Although people that are into day-trading could also have short duration of time to make profit or loss but then there might not be some kind of excitement like sports betting that is associated with bitcoin investment that will give such entertainment and excitement.

[coinerer]

Yes after buying bitcoins that time is very fun when bitcoins grow fast and profit fast. But it is not much fun when it has to be long time haul but again that moment is very happy when a big profit is made after long time hold. But gambling is always fun if we aim to enjoy gambling.  But gambling is not much fun when there is a loss if it is for income. But both are great fun but no two are alike.  Different types of fun are available from both

If I understood you correctly, what you meant is that gambling always give an instant results be it good or bad. Unlike bitcoin that may take months and even years to give results.
In this case the excitement and entertainment lies with gambling because of the short duration of time to give results.
Although people that are into day-trading could also have short duration of time to make profit or loss but then there might not be some kind of excitement like sports betting that is associated with bitcoin investment that will give such entertainment and excitement.

Gambling give a instant result it is not good like bitcoin long holding and late result but instant result from gambling give us fun and entertainment. but late result from bitcoin is give us a good money return that's why we can't think bitcoin and gambling is same. i am again telling this line is bitcoin and gambling provide us a different fun.  There is excitement in gambling which gives us a lot of pleasure and also makes us sad when we lose a large amount from gambling. But we don't feel sad even if we lose on Bitcoin because there is a possibility and opportunity to recover it again. so that which has more joy also has more sorrow

[Silberman]

I understand that gambling has been around a long time. Apart from the point of duration of time that both have been around, gambling is more of direct reach to the people. Like if you bet you either lose or you profit, straight and direct process but in comparison with bitcoin, you won't say the same of it.

For Bitcoin you have to buy to invest, hodl , open a wallet, wait for increase before profit but gambling is totally different from that.

Gambling as an abstract concept is probably as old as humans, after all we do not need a casino to gamble, before casinos even existed the only thing you needed to gamble was to challenge someone else to a match and put a wager forward, and while not very sophisticated there is little doubt in my mind that this is a form of gambling in which almost everyone has participated one way or another during our lives.

[uneng]

^

Gambling, unlike Bitcoin, has been known for thousands of years. Today it is difficult to find a corner where there is not known at least one gambling game. Bitcoin's white paper was written only 15 years ago, so it should come as no surprise that gambling is more widespread than Bitcoin.

I understand that gambling has been around a long time. Apart from the point of duration of time that both have been around, gambling is more of direct reach to the people. Like if you bet you either lose or you profit, straight and direct process but in comparison with bitcoin, you won't say the same of it.

For Bitcoin you have to buy to invest, hodl , open a wallet, wait for increase before profit but gambling is totally different from that.

Gambling is also easier understood by people in general than Bitcoin, because it's already part of their culture and tradition since a long ago, therefore people have contact with gambling probably since their childhood. And with contact with gambling I don't mean access to physical or online casinos, but to daily plays which involve betting on some events that may occur along the day and on determined situations. That gives people a good notion of gambling and get them familiarized with this, so when they grow older, it will be a piece of cake to join a casino and start playing.

With Bitcoin, on the other hand, people may get aware about it only during their adulthood, so they will have more difficulties familiarizing with this.

[molsewid]

Gambling is also easier understood by people in general than Bitcoin, because it's already pat of their culture and tradition since a long ago, therefore people have contact with gambling probably since their childhood. And with contact with gambling I don't mean access to physical or online casinos, but to daily plays which involve betting on some events that may occur along the day and on determined situations. That gives people a good notion of gambling and get them familiarized with this, so when they grow older, it will be a piece of cake to join a casino and start playing.

With Bitcoin, on the other hand, people may get aware about it only during their adulthood, so they will have more difficulties familiarizing with this.

I agree, take for an example people in my area stop doing crypto after a p2e goes down but they still keep on gamble but they did not pursue or take any initiatives to learn bitcoin and other ways to earn in crypto. Most of the adults play gamble when they are resting, understanding bitcoin is too complex for them , they can be so easily to get tired if they will try to understand these things.

[Westinhome]

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source

Gambling is the game and bitcoin is the investment.So both is different one,how you compare this two.Bitcoin had huge amount of investors in the crypto trading and it was ruling the crypto market over a decade.Trader in cryptocurrency will know about the bitcoin for the first time.Then only he find other coin to make their investment.Gambling is the game which involve with the money involvement.So it's unique among the other game,it was played by the people who like betting.Bet is start from the younger age of the gamblers,they start to play gambling offline later move to the online gambling like casino.Casino will give the extreme happiness to the gambler on winning the game.But other game will not give them that much happiness.

[Casdinyard]

^

Gambling, unlike Bitcoin, has been known for thousands of years. Today it is difficult to find a corner where there is not known at least one gambling game. Bitcoin's white paper was written only 15 years ago, so it should come as no surprise that gambling is more widespread than Bitcoin.

I understand that gambling has been around a long time. Apart from the point of duration of time that both have been around, gambling is more of direct reach to the people. Like if you bet you either lose or you profit, straight and direct process but in comparison with bitcoin, you won't say the same of it.

For Bitcoin you have to buy to invest, hodl , open a wallet, wait for increase before profit but gambling is totally different from that.

Gambling is also easier understood by people in general than Bitcoin, because it's already part of their culture and tradition since a long ago, therefore people have contact with gambling probably since their childhood. And with contact with gambling I don't mean access to physical or online casinos, but to daily plays which involve betting on some events that may occur along the day and on determined situations. That gives people a good notion of gambling and get them familiarized with this, so when they grow older, it will be a piece of cake to join a casino and start playing.

With Bitcoin, on the other hand, people may get aware about it only during their adulthood, so they will have more difficulties familiarizing with this.

Basically boils down to the fact that gambling has been a more prevalent concept than bitcoin which only came into being in 2009. OP wanted to understand why that was the case, to the point that even bitcoin and cryptocurrencies see gambling institutions being built to accommodate for cryptocurrency users who wanted to gamble. All in all she has a point but it's not because bitcoin is lagging behind or that it's an inferior concept than gambling. It's just that gambling has been here for longer, since thousands of years ago mind you, and thus it has embedded itself in the heart of the society that there were even cases where children learn how to count through gambling rather than formal education. No need to compare these two schools of thought as I said in my previous post, but OP has a valid question that warranted a valid answer.

[Hispo]

I understand that gambling has been around a long time. Apart from the point of duration of time that both have been around, gambling is more of direct reach to the people. Like if you bet you either lose or you profit, straight and direct process but in comparison with bitcoin, you won't say the same of it.

For Bitcoin you have to buy to invest, hodl , open a wallet, wait for increase before profit but gambling is totally different from that.

Gambling as an abstract concept is probably as old as humans, after all we do not need a casino to gamble, before casinos even existed the only thing you needed to gamble was to challenge someone else to a match and put a wager forward, and while not very sophisticated there is little doubt in my mind that this is a form of gambling in which almost everyone has participated one way or another during our lives.

Perhaps, the most obvious difference between some activity Wich is gambling and other which could not be gambling, it would be the risk and the percentage of the money you could lose if you do not get a favorable result.

In the case of Bitcoin or other major altcoin, even with their natural volatility, it is very unlikely one could lose the 100% of the money. On the other hand, when we talk about classical gambling games it is usually all or nothing.

If an invested is some kind of all-or-nothing, then it is gambling, as we usually see with shitcoins.

[Josefjix]

I agree, take for an example people in my area stop doing crypto after a p2e goes down but they still keep on gamble but they did not pursue or take any initiatives to learn bitcoin and other ways to earn in crypto. Most of the adults play gamble when they are resting, understanding bitcoin is too complex for them , they can be so easily to get tired if they will try to understand these things.

Crypto not popular like the usual gambling. Bitcoin and gambling are not the same thing. Bitcoin is outlawed in most countries because the government perceives it as a project that would substitute the country's fiat currencies; as a result, they evaluate threading and impose a restriction on them regardless consideration for the effect it has on others. Most of our youngsters today specialize in gambling, which is simple to comprehend if one is familiar with sports. They consider gambling as the sole way to meet their basic needs and desires with minimal effort.

[Webetcoins]

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source

Gambling is the game and bitcoin is the investment.So both is different one,how you compare this two.Bitcoin had huge amount of investors in the crypto trading and it was ruling the crypto market over a decade.Trader in cryptocurrency will know about the bitcoin for the first time.Then only he find other coin to make their investment.Gambling is the game which involve with the money involvement.So it's unique among the other game,it was played by the people who like betting.Bet is start from the younger age of the gamblers,they start to play gambling offline later move to the online gambling like casino.Casino will give the extreme happiness to the gambler on winning the game.But other game will not give them that much happiness.

Actually, Bitcoin is not an investment but it is a cryptocurrency (a currency) that was created to act as a P2P payment system and a store of value due to its volatility, most people these days are using it as an investment asset. However, what you said is right that there is basically no comparison between gambling and Bitcoin because both are totally different things, one is an action, a hobby, and the other one is a currency that can be used for the first one too.

And, even if gambling has more fans than Bitcoin, it shouldn't be surprising considering gambling has been around for centuries while it has only been a decade and a few years for Bitcoin, but the name that Bitcoin has made for itself is notable in itself, so we should see them as what they are instead of comparing them and their popularity.

[Y3shot]

Gambling have been in existence for a longtime that is why it is gain more fan than bitcoin and you just need small amount of money to start gambling.  Bitcoin coin is a modern innovation that people are still getting more awareness. Gambling is the easiest way to gain money by luck that is why it has more fans.

[davis196]

In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source

You are comparing apples with bananas here. Gambling existed decades before Bitcoin and Bitcoin in itself has nothing to do with gambling(other than being used in crypto casinos). Bitcoin wasn't created by Satoshi Nakamoto with the whole purpose of being a "casino currency". Cryptocurrency trading/investing might have some similarities with gambling, but I would never compare it to gambling.
The combined gambling industry (by combined I mean crypto+fiat) is always going to be bigger than the cryptocurrency trading industry.
I don't know why do you have to compare those two. Such comparison doesn't mean anything.

[Fivestar4everMVP]

Gambling have been in existence for a longtime that is why it is gain more fan than bitcoin and you just need small amount of money to start gambling.  Bitcoin coin is a modern innovation that people are still getting more awareness. Gambling is the easiest way to gain money by luck that is why it has more fans.

Haha
Sorry to disagree with you mate, if gambling was the easiest way to gain money, people like myself and i believe a lot of other gamblers on this forum would have become millionaires by now, most especially those who gamble every day, and gambling casinos will be going bankrupt too instead of making millions of dollars in profit every single day, so get your facts right bud.

Gambling sure do not require much amount of money to start, i mean with literally $0.04, you can place a bet of even play some slot games, but then, making any profit out of this is entirely another thing altogether,
And yeah, i agree , like ive said, with $0.04 , which is the minimum bet amount for some casinos, anybody can place a bet, but can any body invest such amount on bitcoin, never never possible, so maybe this is one of the reasons why it seems that many are sure trying out their luck on gambling rather than invest in bitcoin, but one thing we should also note is that, when this gamblers win big money, they can also invest some of those money in bitcoin.