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Question: I have no coin in my life except Bitcoin
Bitcoin is the best coin in the world - 21 (100%)
Bitcoin Bad - 0 (0%)
Total Voters: 21

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Author Topic: Bitcoin is life  (Read 776 times)
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October 02, 2023, 03:17:09 AM
 #101

Yes true, the fact that bitcoin is the rational one when compared with something may cause some people feel like that's a refreshing thing, but that's also true. I believe that we are going to end up with something that is much larger if we are careful and we could just consider gambling is pure loss.

I understand that "some" people may have made some profit with it, but the reality is that we are not going to make a profit with it, and we are going to be pretty unlucky about it as well. So, when people end up with something that is wrong, that doesn't mean that they were always wrong, that just means that they got lucky or unlucky based on what happened. This is why it should be important to realize that bitcoin is far superior because it doesn't depend on luck.
The level of rationality will depend on their knowledge in understanding the positive impact provided by bitcoin, because even though bitcoin can provide financial freedom if they do not know the concept and how to invest correctly it also may not have an impact on an individual person. There are obviously advantages and disadvantages when it comes to gambling, the question is how consistently can we make a steady profit when gambling is full of speculation. Bitcoin clearly has a basis in providing profits and perhaps we can ignore the risks if the knowledge and investment method is done correctly.

Gambling does not have a concept like that and if we are lucky we will make a profit and if we experience unlucky/bad conditions we will definitely make a loss. The level of comparative rationality is certainly much more guaranteed in bitcoin compared to gambling, although in the end the consideration and choice is up to each of us.

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October 02, 2023, 06:00:08 AM
 #102

I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.


I'm not saying gambling is bad I'm saying no one should gamble because if you gamble you can lose everything your whole life income can go there that's why you trade bitcoins you light your future and gamble happy happy  Never get addicted to it and try to stay away from it.
Actually, I don't understand the correlation between "bitcoin is life" and your explanation about bitcoin and gambling. However, discussing that people think that Bitcoin is often used in gambling is something that is true. Bitcoin is sometimes used as a form of payment on well-known gambling sites. It's just that this happens to almost all Fiats. In fact, in the real world, people use their items to bet on gambling.
After all, Bitcoin is a means of payment on the internet, so people will use bitcoin as they wish. it can be used for good things and for bad things depending on each individual.

OP is not talking about using bitcoin as a payment method or betting in gambling, what he is talking about is a comparison between investing in bitcoin and gambling. Investing in bitcoin gives us a better life while gambling will kill our future and make us lose everything we have. What he said is not wrong but I find comparing bitcoin with gambling to be a bad comparison because they are completely different. Bitcoin should be compared to valuable assets like gold and real estate, not to gambling.

But I agree with you, after all, bitcoin is just a means of payment, an asset, and whether people use it for good or bad purposes is human behavior, not bitcoin.

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October 02, 2023, 07:17:40 AM
 #103

The future for those who gamble with Bitcoin is dire.  Currently bitcoin is recognized as the best currency in the world and we see everyone's future in bitcoin and the price of bitcoin is low due to market dump.  So those who want to make future with bitcoin buy bitcoin now and it will be very beneficial for our future. If we wait for bull market then bitcoin will definitely give good profit. Since bitcoin is a cryptocurrency, so it should not be related to gambling and everyone should stay away from gambling.

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October 02, 2023, 09:09:59 AM
 #104

Yes true, the fact that bitcoin is the rational one when compared with something may cause some people feel like that's a refreshing thing, but that's also true. I believe that we are going to end up with something that is much larger if we are careful and we could just consider gambling is pure loss.

I understand that "some" people may have made some profit with it, but the reality is that we are not going to make a profit with it, and we are going to be pretty unlucky about it as well. So, when people end up with something that is wrong, that doesn't mean that they were always wrong, that just means that they got lucky or unlucky based on what happened. This is why it should be important to realize that bitcoin is far superior because it doesn't depend on luck.
The level of rationality will depend on their knowledge in understanding the positive impact provided by bitcoin, because even though bitcoin can provide financial freedom if they do not know the concept and how to invest correctly it also may not have an impact on an individual person. There are obviously advantages and disadvantages when it comes to gambling, the question is how consistently can we make a steady profit when gambling is full of speculation. Bitcoin clearly has a basis in providing profits and perhaps we can ignore the risks if the knowledge and investment method is done correctly.

Gambling does not have a concept like that and if we are lucky we will make a profit and if we experience unlucky/bad conditions we will definitely make a loss. The level of comparative rationality is certainly much more guaranteed in bitcoin compared to gambling, although in the end the consideration and choice is up to each of us.
Is the information visible and understandable? Despite Bitcoin understanding, gains arent guaranteed. Its true that Bitcoin is more structured than gambling, but the market is still full with speculation.

Even though we understand the principle and how to invest, market movements may not always benefit us. Like gambling, Bitcoin investing involves luck. Having the correct knowledge and investment approach can boost our chances of making a profit, but we cannot overlook dangers. Folks should make informed decisions and be ready for every eventuality, profitable or not.

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October 02, 2023, 09:39:34 AM
 #105

A lot have been said already about your choice of topic comparing to what you actually wrote about, we all know that Bitcoin is a digital asset not life, it's only God that gives life.

Comparing Bitcoin to gambling is madness, no body that has gained exposure or is enlightened will ever compare them both, Bitcoin will always take you to the next level financially if you possesses it, am be patient without selling it off, while gambling will not only humble you, it will bring you to the lowest level financially if you don't gamble responsible.
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October 02, 2023, 10:09:22 AM
 #106

I see a lot of people here comparing gambling games to bitcoins I think those who do this are mentally ill because bitcoin is recognized as the best coin in the world and we see everyone's future in bitcoin and bitcoin price is so low now that's why we  Let's all buy Bitcoin now and it will be very beneficial for our future.
Don't immediately call the person mentally ill, it could be that they haven't studied Bitcoin well. Because in my country quite a lot of people say that Bitcoin is like gambling. They talk like that because many people use Bitcoin to cheat people, so they (the victims) think Bitcoin is also gambling. However, currently in my country there are many bitcoin communities that carry out activities such as educating people about bitcoin so that they don't misunderstand, and later they can differentiate gambling from bitcoin investment.

Quote
I'm not saying gambling is bad I'm saying no one should gamble because if you gamble you can lose everything your whole life income can go there that's why you trade bitcoins you light your future and gamble happy happy  Never get addicted to it and try to stay away from it.
Bitcoin investing and gambling are very different, and both can be profitable if we use them responsibly and can control our emotions and vice versa. However, to pursue bright dreams in the future, Bitcoin is the choice, buy and hold.
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October 02, 2023, 10:19:36 AM
 #107

Bitcoin CAN be the future due to the fact that it's the biggest coin, but as it is banned in China f.e. and states usually don't like decentralized money I wouldn't bet that Bitcoin is the future. I think the functionality of blockchains is a great infrastructure for a modern ecosystem, but if Bitcoin is really going to rise again it will be shut down in one way or another by governments.

=)
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October 02, 2023, 03:42:15 PM
 #108

Valuable assets like bitcoin are not to be spent on activities that end in vain.
It's not the value that makes Bitcoin not a suitable cryptocurrency for gambling but it's the volatility.

Gambling with fiat currency whose value can change within a certain period most people avoid it, I can't agree with people who use bitcoin for gambling.
That's the point, Bitcoin is a volatile asset and its value can change anytime which makes it a bad choice for gambling. Just imagine, you are gambling using Bitcoin when its price is $30,000, and after a while when you have lost some money, you see that the price has moved to $32k, that's when you feel that you shouldn't have gambled with Bitcoins and you could have more value right now.

One more reason why one should use stablecoins when gambling is it makes it easier to keep a count of how much you've won or lost.
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October 02, 2023, 04:25:31 PM
 #109

OP If you are talking about comparing Bitcoin to gambling. Then you know that Bitcoin is at the top number among currencies. And it is natural that every gambling platform will accept Bitcoin. Bitcoin and gambling will be traded on the side. Yes it's true gambling often ends people's lives.

Bitcoin is changing the lives of many people till date. Investing in Bitcoin today requires money. But hiring Bitcoin with less is good for life. If you notice Bitcoin has already gained 4% in price since the beginning of the new month. Expect to reach $100k during the bullrun.
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October 02, 2023, 04:37:22 PM
 #110

In as much as I really struggled to understand the op, let me say that only those who are yet to fully understand what bitcoin is, are the ones who mostly compare it to gambling.

And again, as long as this forum is concern, no body in their right senses will compare investing in bitcoin to gambling, for it is understood that any body who join this forum should already have some basic knowledge of what bitcoin truly is and what problems its solving.

Gambling is an entertainment which offers it's players the opportunity to gain or make some profit, some thing that is unrelateably and completely different from investing in bitcoin, only lack of patience can make any one lose in bitcoin investment.

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October 03, 2023, 02:41:41 AM
 #111

Is the information visible and understandable? Despite Bitcoin understanding, gains arent guaranteed. Its true that Bitcoin is more structured than gambling, but the market is still full with speculation.

Even though we understand the principle and how to invest, market movements may not always benefit us. Like gambling, Bitcoin investing involves luck. Having the correct knowledge and investment approach can boost our chances of making a profit, but we cannot overlook dangers. Folks should make informed decisions and be ready for every eventuality, profitable or not.
The speculative market is a force challenge investing in bitcoin and if bitcoin were not as volatile as it is today it might not be one of the best investments ever. What makes profits is not guaranteed is because people don't understand the concept of investment and they only invest based on people's invitations, so they don't have enough knowledge when the market is in a fairly declining condition. In fact, if they understand that bitcoin always has a repeating cycle, then all they need to do is be patient and wait for the market recovery until bitcoin has a moment of increasing selling value from buying value.

The simple logic is quite clear when people investing money in bitcoin can provide real profits in the investments they make. The condition is that they invest correctly and do not cause panic when Bitcoin experiences a severe correction in the market. That's why we often say that when someone wants to get involved in bitcoin the first step they need to do is to learn the right way.

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Ricardo11
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October 10, 2023, 01:13:33 PM
 #112

Of course, OP I agree with you. Bitcoin should not be compared to gambling. I should trade in bitcoin and invest in bitcoin long term this is less risk. and gambling is full of high risk, it doesn't take long for a man to be completely destitute in gambling, and it doesn't take long to become rich. As far as I know most people lose their money in gambling and end up completely destitute. So we should refrain from gambling and invest in Bitcoin for long term.

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October 10, 2023, 01:20:18 PM
 #113

Of course, OP I agree with you. Bitcoin should not be compared to gambling. I should trade in bitcoin and invest in bitcoin long term this is less risk. and gambling is full of high risk, it doesn't take long for a man to be completely destitute in gambling, and it doesn't take long to become rich. As far as I know most people lose their money in gambling and end up completely destitute. So we should refrain from gambling and invest in Bitcoin for long term.

Mr. Op is barely interested in this topic. He just wanted to firm some merits because his other account got some merits by opening a similar topic and he thought why not create another account and create another thread so I can get some merits? This user is from our local community and can barely write English. If you criticize him, he will ignore you and won't reply.

I am glad he stopped posting in this thread stopped creating useless threads and returned to where he belongs (The Bounty Board). I don't know if this reply will bring him back here. But I don't want to poke him and wake him up to create more threads  Cheesy Cheesy

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