Bitcoin and gambling which one has done you more harm

[Outhue]

Since 2016 that I have been learning about crypto, Bitcoin has never hurt me for once, I have a few bad stories but all the faults are mine not Bitcoins, I messed up choosing the bad crypto wallet and I also messed up making the wrong choices like selling too soon and few others but so far Bitcoin have given me positive results than anything in crypto.

I do gamble too but the results I am getting from gambling isn't as good as my Bitcoin portfolio, gambling isn't something I do everyday, I only use some spare money to gamble and that's when I can afford it, most times I've lost money in gambling and only very few times I've win something good from gambling.  

It's better to be in both if you can protect yourself from turning into a gambling addict, because the biggest problem with gambling is people having this thought of making big money from gambling and start living their dream, gambling isn't scheduled to work in such a manner, you will lose more than you will win.

[NotATether]

What kind of question is this? It is like comparing apples to oranges. Gambling is designed to make you lose money in the long run - it is a sport, it cannot be compared to something like Bitcoin which is currency, and is not intended to resemble anything like a game.

[posi]

Those people that are telling the public that Bitcoin has harmed him financially are dumb people because it is his mistake to lose some money on it. Just imagine that kind of person jumping into bitcoin because of the trend when the price got to ATH and you are thinking blindly that you will buy as the price continues to rise but turns out not and then that is the time you are telling the public that Bitcoin was a scam.

In gambling it is not only the platform but as a whole because gambling is always gambling it is for fun and not for investment and if you lose and tell the public that it harmed you it is your fault as you are unable to control yourself.

In short, losing money whether investing or gambling is all due to their greed, they should blame themselves for being greedy, not wanting to work but still wanting to make a lot of money. Bitcoin or gambling is just a tool for us to make money and have fun. Whether we can take advantage of it to make money depends on each person's ability, if we fail, don't blame anyone.

But I find it quite funny that the OP and many people keep comparing bitcoin to gambling. People who compare investing in bitcoin and gambling are people who still don't understand anything about bitcoin.

[KingsDen]

What kind of question is this? It is like comparing apples to oranges. Gambling is designed to make you lose money in the long run - it is a sport, it cannot be compared to something like Bitcoin which is currency, and is not intended to resemble anything like a game.

Most people who do not know much about bitcoin simply take it to be a kind of gambling and that is why such people always blow up their portfolio whenever they are trading. They do not know much about trading techniques, they did not know the fundamental or technical analysis, yet they claim they trade. What they really do is take trading as gambling, to predict which coin will go up and which coin will fall even without putting any kind of consideration. This is the reason why they take bitcoin trading or investment as gambling.
However, in a real sense bitcoin is an investment and it requires a lot of skill to learn about it although there is an iota of gambling in Bitcoin investment and trading, yet, it cannot be called gambling.

[Hatchy]

Both Bitcoin investment and gambling comes with risk. But Bitcoin cannot harm you except you become too careless and and unable to keep your keys safe and away from scam. On the other hand, gambling exposes you to lot more risk like addictions, debts, loss of funds especially when you don't gamble responsibly. Gambling as it has been said before, is a game of luck and there's no certainty that you will have a win. When we gamble, we put our funds at risk just for fun and entertainment purpose. Bitcoin investment will give you more profits than loss if you are able to hold for a long term. When the market becomes bullish, you have your profits.

[kryptqnick]

I'm not fully committed to seeing Bitcoin as an investment. To me, it's like my personal reserves, which I don't touch when I don't need to but use when I feel like it's appropriate. As for gambling, I treat it as a form of entertainment more than anything else, so it's just something that has a different purpose. If we're talking about earning money, that's what jobs are for.
Bitcoin didn't do much harm to me, and the same is true for gambling. But of course, with other ways of using them, both can be risky and dangerous.
The op says gambling has done more harm than Bitcoin, and I guess I agree, but primarily because Bitcoin has been around for less than two decades, while gambling has been around for thousands of years.

[Texac]

But I want to ask you if there are any similarities between bitcoin and gambling?  I mean comparing bitcoin to gambling, is it fair? One side is potential wealth and the other side is gambling. I don't think gambling has enough potential to compare to bitcoin or any other asset or financial market. Gambling is gambling and investing is investing, we should not make such lame comparisons. Why does no one compare gambling to stocks or forex, while we as bitcoin investors compare it to gambling?

There's no similarities, people just think of the old adage about life being a gamble and so they end up trying to to make it like all things are related to gambling when in reality it's not. Although it's a debatable thing, I don't think it's worth our time to ponder which is which and what are the distinctions. Gambling relies too much on luck meanwhile bitcoin doesn't, some might say that those who invested early were lucky but at that time, they didn't know the potential and they just bought in because they liked the concept.

I think the initial bitcoin buyers were not lucky but they had vision and belief in it.  those who say they are lucky are just jealous of other people's success.  many people knew about bitcoin very early, but why did so many people refuse it at that time and now feel regret for missing out on past opportunities?

Bitcoin is a currency, an asset, we should stop comparing bitcoin to gambling.  when we do that, we are underestimating the value of bitcoin when compared to gambling. has gambling changed the lives of many people, has it changed the world's finances? But bitcoin does.

[davis196]

When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

None of them has done any harm to me. I don't have big expectations for profits and I don't take big risks. I can control my emotions and I can stop myself from making irrational decisions.
I gamble frequently, but I bet small amounts and I play for fun, not for profits. I expect Bitcoin to hit another ATH after 1 or maybe 2 years. There's no need to rush and I'm not greedy. There's plenty of time for me to accumulate enough Bitcoin by 2025. I don't panic anymore and I wouldn't sell when the BTC price crashes down to 15K or below. Never gamble with the sole purpose of making big money and never have big expectations about becoming very rich without putting any effort.

[MusaMohamed]

I'm not fully committed to seeing Bitcoin as an investment. To me, it's like my personal reserves, which I don't touch when I don't need to but use when I feel like it's appropriate.

Is personal reserve should be considered as personal investment too?

Because if it is only reserve, without hope or belief to gain capital growth from profit, is it better if you simply hold your money in fiat currency? As Bitcoin investor, I believe if a person buy bitcoin and hold it, there is hope to get profit from it.

As for gambling, I treat it as a form of entertainment more than anything else, so it's just something that has a different purpose. If we're talking about earning money, that's what jobs are for.

Gaming and gambling should be considered and compared first. They are all in a form of entertainment and some games require gamers to buy items to play, it is investment to play games. They even just spend money to play and satisfy their ego inside games through avatars. In gambling, they spend money to play game and bet to win. It again requires initial money for gambling. I see some similarities here and if a person plays games or gamble irresponsible, it is all bad.

[GreatArkansas]

(...)
But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Of course! Bitcoin is really far on gambling. Like in Bitcoin investment, it's not only by luck and take note that to have a successful investment, you really need to learn, research the market, and control your emotions.
While most gambling, you can just easily bet and you will just base by luck, that's all.

[BigBos]

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

What is the common thread that investing in Bitcoin is not fundamental at all for you?

Why does this come to mind when the comparison between the two is so clear? I mean that investing and gambling are 2 different concepts from the start, regarding the implementation, investing in Bitcoin has a structured goal and the losses do not make your balance go to zero. Whereas gambling, I think, from start to finish, the conclusion is final, it relies more on luck, rarely involves structured goals, benefits that can be taken, there is no method for taking them. So it would be very unethical to compare the losses of investing in Bitcoin with losing money on gambling.

[Fiatless]

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Comparing gambling and Bitcoin trading or investment is like equating buying gold and gambling. Nobody has ever lost investing in Bitcoin, people lose when they sell below the cost price because of mainly FUD. I said this because Bitcoin will always exceed its All-Time High (ATH)  if investors patiently wait. Gambling is a get-rich-quick scheme while Bitcoin is a long-term investment. Gambling has ruined so many lives due to addiction but anyone who is addicted to bitcoin investment will end up making a good profit.

Gambling is not a bad habit but when one uses funds that can be used to invest in a viable sector like bitcoin to gamble, such person needs to amend his gambling lifestyle. To answer your question,  Bitcoin has caused more good than harm while gambling disorder has caused so much problems in society.

[2Pizza410000BTC]

When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Gambling and Bitcoin investing are two different things. If you suffer a temporary loss by investing in Bitcoin, you must have hope and confidence to recover the loss. Also if you are the right investor then you will not lose by investing in bitcoins. And although you can lose it, you can certainly recover it. But whenever you lose on a gambling platform, you can no longer hope to get your money back. Because the money you lost on the gambling platform will never be recovered and do not expect to be recovered. Because the money you lose will never get back. That's why I would never equate gambling and bitcoin investing. So far Bitcoin has never hurt me. The biggest gain I've ever made from Bitcoin. But the gambling platform has harmed me because I have lost a lot of money from the gambling platform.

[JunkieMiner]

When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

In my opinion, I can say that gambling is more harmful as compared to bitcoin, because if we invest in a bitcoin, we should think for it and applying some trading strategies and thus in most cases if you are a good trader, you can expect payment.
But if we think about the gambling then it means there will be more chances of losing , because if I can tell you about my country, then gambling is prohibited, firstly puts some bad affects on the youth, and secondly, gambling didn't provide a positive results, whenever someone is going to interact in it, he will surely get loans from their own relatives and will involve more and more and at the last, it will become its habit, which is not good at all I think.

[Blitzboy]

When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Gambling and Bitcoin investing are two different things. If you suffer a temporary loss by investing in Bitcoin, you must have hope and confidence to recover the loss. Also if you are the right investor then you will not lose by investing in bitcoins. And although you can lose it, you can certainly recover it. But whenever you lose on a gambling platform, you can no longer hope to get your money back. Because the money you lost on the gambling platform will never be recovered and do not expect to be recovered. Because the money you lose will never get back. That's why I would never equate gambling and bitcoin investing. So far Bitcoin has never hurt me. The biggest gain I've ever made from Bitcoin. But the gambling platform has harmed me because I have lost a lot of money from the gambling platform.

Im glad Bitcoin worked out for you. But think about his problem: the assumption that all losses in Bitcoin will be recovered. You emphasise the long-term nature of gambling losses and believe Bitcoin investment will rebound. We must remember that many have lost irreversibly in the cryptocurrency market. We must emphasise that your experience is valid but not universal. Even in Bitcoin, lost money may never return.

I agree with your difference between Bitcoin and gambling and the harms of gambling platforms. Everyone must approach Bitcoin investment with caution, not just hope and confidence to recover from temporary losses.

[Woodie]

I don't see any connection between gambling and Bitcoin here especially because they serve different purposes...for example you can use Bitcoin to play on your favourite gambling platform by using BTC as your currency and not the other way round.

As far as am concerned this comparison is as good as comparing a vehicle and fuel,one of them can be used by the other and not vice versa which makes this a bad comparison.

For some reason I feel this was a trading vs gambling comparison not until the last second you changed the wording 

[radjie]

The aim of both is of course related to making a profit, but Bitcoin cannot be equated with gambling even though both have risks, but the losses most often experienced by the average person definitely come from gambling, because almost none, maybe even 1 in 10 people  who became rich from gambling

[Z_MBFM]

When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

You can match Bitcoin with a string investment but not gambling with a strong investment. And gambling makes people highly addicted and its deep addiction compels people to continue gambling. But bitcoin investment doesn't make anyone deeply addicted. If you invest in Bitcoin, you may lose some money if the price of Bitcoin falls, but if you gamble, you will lose the whole money.  However, to win gambling, you can get multiple returns in just 1 day, which is not possible in Bitcoin. so the thing that has more profit has more negative effect.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Yes i totally agree with you gambling is harm people then bitcoin again gambling is done more happy people then bitcoin if someone has a great luck.

[lizarder]

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

I also experienced a small loss when investing in bitcoin at the beginning and that was an important lesson for me, that when we want to invest the first step we need to do is understand the investment we are making. After that, I never experienced any losses when investing in bitcoin because I prefer to hold the long-term investment that I am currently investing in. Bitcoin will not cause losses to anyone if invested correctly and knowledge is one way that can combat these losses.

Everyone knows that gambling has a much greater risk of losing money compared to investing in bitcoin, but everyone can definitely handle any losses caused by awareness in living it. If we are not prepared to lose money due to losses when gambling then it is best not to continue because the only thing that can limit this is ourselves not other people.

[Minecache]

I don't see any connection between gambling and Bitcoin here especially because they serve different purposes...for example you can use Bitcoin to play on your favourite gambling platform by using BTC as your currency and not the other way round.

As far as am concerned this comparison is as good as comparing a vehicle and fuel,one of them can be used by the other and not vice versa which makes this a bad comparison.

For some reason I feel this was a trading vs gambling comparison not until the last second you changed the wording 

Agree with you, this is a really bad comparison. Bitcoin is a currency, a decentralized asset that brings us useful utilities and use cases in life. Meanwhile, gambling largely created homeless people because of gambling addiction. That's a huge difference that makes this comparison ugly and meaningless.

Even with trading, I think we should not compare because trading requires knowledge, skills, experience and a person with all those factors can also make money from trading. But with gambling, luck is still what they rely mainly on to win.