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Question: Bitcoin and Gambling
Someone tell me something good - 6 (66.7%)
You will give me good advice - 3 (33.3%)
Total Voters: 9

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Author Topic: I learned something new from Bitcoin today  (Read 1023 times)
icalical
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September 23, 2023, 10:04:39 PM
 #21

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

First of all, this will be more suitable in a Gambling section not in Bitcoin Discussion. And I think you need to understand that gambling is an entertainment, after all it's designed for you to spend money on it, not to earn more money, what you get is a satisfaction of winning, but in general you will lose money more than you earn.

Between Bitcoin trading and Bitcoin gambling, I would suggest that you focus your activity on Bitcoin trading.  Gambling although entertaining have high risk of losing.  Besides, between the two Bitcoin trading strategy is way more effective to have a positive result than any gambling strategy.  If you are able to understand the market movement, you will be able to predict the price movement and may take advantage profiting from it.  Unlike in gambling where you can learn the mechanics of the game but cannot take advantage of the knowledge because the result of gambling is random.  It does not follow any certain pattern or any fundamentals that will give us a hint on the next result of our wager.

And OP should learn the advice in this reply, if you have a gambling addiction Bitcoin Trading would be the closer feeling you get to the satisfaction when you win some bet, and it is driven by market not controlled by the casino house. It can be learnt, not just relying on some luck.

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September 23, 2023, 10:12:46 PM
 #22

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.
Actually I didn't get your question properly. Did you ask about something like that what should you choose  between   gambling or Bitcoin ?
If the question is actually like this,  then I will say  there is something wrong on your question. Because trading and gambling are not the same thing.
 But trading can be also a kind of gambling when one person  jump into trading without any knowledge,  like as fundamental knowledge,  technical knowledge. And gambling should never be a source of  earning,  it should be used for only entertainment purpose,  otherwise it can take you to the street. So the decision is yours,  what should for what need you to take.  Grin

I think @OP is giving a piece of advice and giving an example between trading and gambling. @OP wanted to tell us to do trading instead of gambling because trading can give more benefits thang gambling Bitcoin.  As for his example, we see that he stated that in Trading he profited but in gambling he lost some amount.  That is what I understand from what @OP stated. Even the poll  asked whether he give a good advice or others have better advice.

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September 23, 2023, 11:01:29 PM
 #23

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

Actually gambling happens in everyones life, I used to gamble much, I used to lose money because of gambling (even though I won several pretty good bets, the overall balance is most probably around zero). As for BTC and gambling, the same features of gambling are present in cryptogambling market. Moreover, cryptotrading can be considered gambling as well, since its a rare luck to get short-term profit out of a crypto deal, especially if the amount of money in possession is not so large. So, in general, long-term hodling is the best investment strategy in cryptomarket... Actually, I'd rather not call it investment, it's more like just buying a valuable asset.

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September 23, 2023, 11:20:15 PM
 #24

This kind of discussion has been here and has been a debate, you can't compare gambling to trading as always because these two things have different effects on us.  Gambling is based on luck that you may enjoy but in trading that could stress out your day but if you have knowledge of it it's possible you will earn.

Also, learn how to invest and prepare your investment plan.
Because trading and gambling isn't the perfect option for people that didn't have enough knowledge of them and the best option will be the side on investment in the long term.

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September 23, 2023, 11:29:18 PM
 #25

I would say that gambling also benefits Bitcoin because it attracted big gamblers to gamble with Bitcoin without knowing their identity. So it feels like it's way too good than to use physical gambling. However, gambling is not a guarantee to earn money especially if you're new. You know that gambling is different from trading. If you're here in crypto to earn money, I would definitely go with trading but before that, I just wanna tell you that it is not easy as you think. So don't ever trade if you don't have trading plan and always follow your risk management to avoid unexpected losses.
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September 24, 2023, 01:31:08 AM
 #26

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.
OP, congrats on making $10 profit on your first trade. OP you said you don't know how to gamble, you shouldn't be gambling. Although gambling depends on luck, you will also stay away from gambling. As you said you gained $10, you lost $11 by gambling. At the end of the day, you lost $1. If you have enough knowledge and good talent to trade then keep trading. If you want you can buy bitcoins and hold them for long term. Future may be positive for you, you may get a lot of profit. OP, I'll give you a warning, you've posted in the Bangladesh local community. You are a Bangladeshi citizen, both cryptocurrency and gambling are prohibited in Bangladesh. You trade in Bitcoin while maintaining privacy.

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September 24, 2023, 01:39:08 AM
 #27

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.
Since you have been able to make a profit trading bitcoins, I think it is not a good sign for you to ever gamble. If you lose your halves by gambling then of course you can never get them back, then it would be better for you to quit gambling. Gambling is not for everyone, so maybe gambling is not good for you so if you deposit money in gambling then surely there is maximum chance of losing it. But if you invest or deposit the amount of money you gamble with in Bitcoin, you will have a good fund stored there. So you have invested in Bitcoin it is really interesting, but you have to wait long time to get profit by investing in Bitcoin, moreover you need to understand that there is volatility in the market before investing in Bitcoin. If you avoid everything and invest in bitcoin, you will surely succeed in the future, and you can earn in future by holding bitcoin.

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September 24, 2023, 01:43:06 AM
 #28

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

Actually there is nothing wrong with what you are doing, because you are capable and able to make money with $100 in capital through Bitcoin trading, which means Bitcoin can be your next concern and for your own future. Now, regarding gambling which may have become an addiction for you, actually the rather ridiculous thing is that the addiction is not about you playing and not winning or losing by spending $11.

Because I have also seen some people who only use gambling to relieve stress when they finish work or when they are not working, but they never get addicted to it because they already consider it just as entertainment, not to seek wealth or become a rich through this. So what you have to change here is just the addiction, although you will also be better off if you are able to stay away from it for the next days.

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September 24, 2023, 02:06:59 AM
 #29

Gambling is different from trading bitcoin, and it is a good way to lose money if you do not know what you are doing or do not have a good background. If that were not the case, gambling services would not have continued to operate for this long period, and it is impossible for their profit and loss margin to be 50%. Trading is dangerous, and if you do not know the basics of trading and have a goal for it, your greed may lead you to try to achieve a greater profit and lose everything.
Don't take risks, trade wisely and buy Bitcoin for long-term investments.

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September 24, 2023, 02:07:37 AM
 #30

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

I think you are very far off base.

You should do yourself a favor.

DCA for 50 weeks in a row.

Say  buy 50 in btc 50 weeks in a row hold  and do nothing else.

Or buy 100 usd worth of btc 50 weeks in a for hold it and do nothing else.

It you can do that and must trade or gamble  from that dca buy and hodl plan you have serious issues.

this is a fifty week challenge.

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September 24, 2023, 02:20:45 AM
 #31

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.
OP, you can constantly gain new experiences from coins and learn new content. It's great that you've had a positive experience with Bitcoin trading and a negative one with gambling. People who don't want to get involved in gambling can get profit by trading bitcoin but should get more in depth knowledge about bitcoin trading then trading. On the other hand, gambling is more important than Bitcoin trading. Both Bitcoin trading and gambling have uncertain potential profit loss so you have to take risks either way. Remember that both gambling and trading have the same possibility of profit as well as loss.

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September 24, 2023, 02:40:02 AM
Last edit: September 24, 2023, 08:42:28 PM by Mr. Big
 #32

Patience is needed everywhere, either in gambling, real-life business, or crypto. You can't exclude patience anywhere. However, I don't support gambling; it's highly risky for anyone. Crypto trading is the best for those of us who are well familiar with Bitcoin. It doesn't matter if gambling is good or bad, but a major percentage of people have been losing to gambling. In trading, there is a good chance to make money if you can learn. Though any investment in crypto is risky too, you aren't going to lose everything. Like the Bitcoin price drop, you will still hold whatever you have. A value drop doesn't mean you lost your holding. The value would recover anytime for Bitcoin. So I would advise learning more about trading instead of focusing on gambling.


Sir I will definitely take your point personally and I agree with you that we should accept training as our future not gambling and Bitcoin will go to 67K$ again very soon and many small and big traders will benefit and their future will be very bright. Sir I agree with you I should really learn the training better.



I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

I think you are very far off base.

You should do yourself a favor.

DCA for 50 weeks in a row.

Say  buy 50 in btc 50 weeks in a row hold  and do nothing else.

Or buy 100 usd worth of btc 50 weeks in a for hold it and do nothing else.

It you can do that and must trade or gamble  from that dca buy and hodl plan you have serious issues.

this is a fifty week challenge.


Sure sir i will try it but now i have to learn a lot from here and i want to learn bitcoin trading first because it is very important in my future.
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September 24, 2023, 02:46:49 AM
Last edit: September 24, 2023, 08:44:00 PM by Mr. Big
 #33

Gambling is different from trading bitcoin, and it is a good way to lose money if you do not know what you are doing or do not have a good background. If that were not the case, gambling services would not have continued to operate for this long period, and it is impossible for their profit and loss margin to be 50%. Trading is dangerous, and if you do not know the basics of trading and have a goal for it, your greed may lead you to try to achieve a greater profit and lose everything.
Don't take risks, trade wisely and buy Bitcoin for long-term investments.


Of course sir and when I go to trading I lose a little bit and when I go to gambling I lose everything I can never profit from there and if I start trading then I lose again  From there I can turn around and I can get my total balance back to what it was before that's why I think trading is very important for a man because he will need it a lot in the future.



In gambling house always wins. You may have some profit in short term but in the long run you will end up losing eventually. It's your money but my advice would be don't gamble to make profit. Do some saving and invest. I know everyone gives similar advice, but only few people listen to it and actually implement it. When I look back, I think I would've been much richer if I had saved the money I spent on gambling. Think long term, plan and implement. Easy to say but hard to do. Trust me if you can do this, you will succeed.



Of course, Sir I will remember your words all my life and I will try to do something in future and stay away from this gambling game it is very difficult but I will try sir one thing as you guided me like this if a man guides a man Then surely everyone will stay away from this tide, that's why thank you very much. We who lost money by investing in this gambling before should all buy and hold bitcoins, it will brighten his life.
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September 24, 2023, 03:02:11 AM
 #34

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.
Welcome for your participate in crypto. Good job you profit $10 from trading. But for permanent Income you need learn More and more without proper knowledge you will lose your valuable fund from trading. But if you learn properly you will gain from trading.

And gambling is also very popular and also profitable if anyone learn properly. I invested on MegaPari and i attend some bet and still now i am profited from this gambling site. So i think if you learn properly you will be profited from trading and gambling both. So learn More and more and try continue you will gain from here.

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September 24, 2023, 03:02:54 AM
 #35

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.
Trading or gambling is the same when you don't fully understand what you are doing. If you have just made a profit from trading then feel that it will remain consistent every time you make a purchase and gain passive profits. Trading also requires a long process of gaining knowledge and many analytical techniques must be mastered. Not just buying and selling if your calculations are based solely on instinct.

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September 24, 2023, 03:33:00 AM
 #36

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

Investing is definitely much better than gambling, I have seen many people become rich through investing, trading bitcoin, but I have never seen anyone get rich through gambling except people who create gambling websites.

But the fact that you make a profit of $10 with a capital of $100 when trading does not mean that trading is easy and you can do it regularly and smoothly. Trading and gambling have a very thin line and if you make a small mistake your trading is no different from gambling. Therefore, if you choose trading as a way to make money, you need to try a lot harder to achieve the desired results.

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September 24, 2023, 03:55:18 AM
 #37

Well, if you don't like gambling and don't have the patience to play gambling games, then I guess gambling isn't for you. You gamble only when you enjoy it. If you don't, there's no reason for you to do it.

It seems you enjoy trading. It's possible it's because you made some profit right at the start, but be careful. Gambling and trading have similarities. One of which is that in both, you are actually guessing more or less. While your guess in trading could be an informed one, since Bitcoin's price is highly unpredictable, your order remains to be just like a gambling bet.

So, for somebody who's just starting, keep those trades small. Don't be greedy. Taking a small profit is oftentimes better than risking for a bigger one.

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September 24, 2023, 03:57:52 AM
 #38

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

To clarify, Bitcoin and gambling are not the same thing. These two are diametrically opposed, but if you believe in Bitcoin, it is a good thing, and it is preferable to practice developing Bitcoin through trading. It is difficult to risk our money by purchasing Bitcoin.

If we are going to use our wealth to invest in Bitcoin, we should do so because we understand and know how to grow it. First and foremost, we should have a grasp of trade; if we don't, we can manage it first. This is a long-term strategy as we research trading in the cryptocurrency market.

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September 24, 2023, 04:14:09 AM
 #39

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

No offense but it's silly for you to compare bitcoin to gambling, like you're equating investing in bitcoin to gambling. This is really a misleading comparison and there is nothing more to discuss. Bitcoin is an asset, a potential investment, and it should be compared to gold or other investments such as forex stocks. Meanwhile, gambling is considered a bad thing in many countries because it has caused a lot of losses to people addicted to gambling. Although gambling is simply an entertaining game, many people abuse it excessively.

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September 24, 2023, 04:37:25 AM
 #40

I learned something new today. I started bitcoin trading with 100 $ I made 10$ from here and I lost 11$ gambling with 100$ now I don't call gambling bad because I don't understand and I don't have patience to play the game and past I easily from bitcoin made 10$ profit now which one should i choose you say i know a man need bitcoins in future but still a man can be addicted to gambling and to all of you i want to say none of you should be addicted to anything and not to gambling and you are more Trade Bitcoin and see your future shine.

No offense but it's silly for you to compare bitcoin to gambling, like you're equating investing in bitcoin to gambling. This is really a misleading comparison and there is nothing more to discuss. Bitcoin is an asset, a potential investment, and it should be compared to gold or other investments such as forex stocks. Meanwhile, gambling is considered a bad thing in many countries because it has caused a lot of losses to people addicted to gambling. Although gambling is simply an entertaining game, many people abuse it excessively.
What you say is correct, but what OP means is that he cannot resist the urge to gamble when he has the opportunity. For those who are addicted to gambling, this is very difficult to control, in fact anything in life can be used as gambling for those who are addicted. .
Bitcoin is clearly profitable if you invest or trade (with proper knowledge), even though there is quite a large possibility of profit or loss and it is clear that Bitcoin cannot be compared to gambling.
For those who are addicted to gambling, it would be good to learn to control themselves first before deciding to trade or invest in Bitcoin.

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