What percentage of bitcoin investors are gamblers ?

[wxa7115]

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

That depends on what do you mean, if you mean only those that gamble with cryptocurrencies I would venture to say the majority of those gamblers have some bitcoin in reserve, as it would not make sense to invest in this market and somehow decide to ignore bitcoin.

But if you are talking about gamblers in general this number will be way lower, but at the same time I would expect this number of be higher than the percentage you could find on average on the rest of the population, as many gamblers decided to enter this market simply to try their luck with cryptocurrency casinos.

[len01]

for some reason, lately there have been lots of questions between gamblers - investors, gamblers - trading as something that doesn't make sense but is interesting to discuss.

and the question is why do we consider what percentage of bitcoin investors gamble?
there is no need for us to consider all this because there is no law that says a crypto investor must gamble and in crypto gambling there is also no question regarding whether the user is an investor or not. and for me gambling is just something that is a little unimportant for investors because usually investors will only think about profits, not throwing money away in vain, whereas gambling is just entertainment by throwing away money in amounts that we can afford.
so if you say 10%-20% I wouldn't be surprised because investors prioritize profits and dont want to take the risks involved in gambling.

[Shamm]

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

Actually it is hard to determine if how much totally the percentage of investors are gamblers. Maybe there are a lot of investors who are Gamblers but we can't figure it out the specific value or them. What they said above that not all Bitcoin investors engage with gambling cause of of an investors are aiming to rich while those gamblers spend some of their money in order to play in gambling which is we are all know that in gambling we can not make a profits all the time.

[Negotiation]

It is impossible to determine what percentage of bitcoin investors are gamblers because there are many gamblers who gamble but keep their information secret. These are more difficult to extract through online gambling also those who think that gambling is high risk prefer investment and do not use bitcoin for gambling. No one can give any exact guarantee of victory here but even if a new investor holds bitcoin for long term he will get profit if the price rises. That's why most gamblers think it's the right decision to invest bitcoins instead of wasting them by gambling.

[ethereumhunter]

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

Actually it is hard to determine if how much totally the percentage of investors are gamblers. Maybe there are a lot of investors who are Gamblers but we can't figure it out the specific value or them. What they said above that not all Bitcoin investors engage with gambling cause of of an investors are aiming to rich while those gamblers spend some of their money in order to play in gambling which is we are all know that in gambling we can not make a profits all the time.

Maybe the investor doesn't use bitcoin for gambling and prefers to save his bitcoin so he can get bigger profits when bitcoin gets a bull run. Wise investors and gamblers do this because they have seen what has happened to bitcoin in recent years so they want to be included so they can make a profit from investing in bitcoin. But maybe some gamblers are not yet bitcoin investors and just want to keep gambling, whether using fiat or crypto. These people don't really care about what happens with crypto because they only think about gambling. However, it is difficult to determine what the percentage is because there is no specific data that we can get. Even if we ask the casino, maybe we will only get a little information.

[angrybirdy]

It is impossible to determine what percentage of bitcoin investors are gamblers because there are many gamblers who gamble but keep their information secret. These are more difficult to extract through online gambling also those who think that gambling is high risk prefer investment and do not use bitcoin for gambling. No one can give any exact guarantee of victory here but even if a new investor holds bitcoin for long term he will get profit if the price rises. That's why most gamblers think it's the right decision to invest bitcoins instead of wasting them by gambling.

That's what I thought, I have no idea about the percentage but one thing is I know, that most crypto gamblers are aware on bitcoin and has an investment too. I agree in your statement that it's difficult to extract because mostly investors and gamblers doesn't use their real Identity or they keep their information for their own privacy. I've read one of threads here in gambling discussion section last time that more people are using bitcoin holdings for gambling rather than fiat and I think it depends on your preferences but for now, We are all aware that the bitcoin price is increasing it's value, does anyone still using it for gambling?

[arhipova]

Btw, does owning a coin accounts that one must have been involved in gambling?

What are coin accounts ?

[Cantsay]

Btw, does owning a coin accounts that one must have been involved in gambling?

What are coin accounts ?

You misunderstood my comment; what I wrote there was, does owning a “coin” “accounts/means” that one must be involved in gambling?

The “coin” and the “accounts” are not together.

[rojan]

Actually it is hard to determine if how much totally the percentage of investors are gamblers. Maybe there are a lot of investors who are Gamblers but we can't figure it out the specific value or them. What they said above that not all Bitcoin investors engage with gambling cause of of an investors are aiming to rich while those gamblers spend some of their money in order to play in gambling which is we are all know that in gambling we can not make a profits all the time.

I think most of the people who invest in bitcoins are busy with trading. But some of them prefer gambling as entertainment. If someone starts gambling with his invested bitcoins it will be the biggest stupidity of him. Some  There are people who like to gamble most of the time they have lost a lot of money for gambling. Gambling is a bad addiction. Investing Bitcoin is addictive but all money is at risk when gambling. Investing in Bitcoin is safe. Gambling is profitable sometimes and sometimes.  Time successful money is lost.

[Findingnemo]

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

People who hold Bitcoin are Bitcoin investors?

I don't see the point of this comparison because investors are different from gamblers and we won't achieve anything and its impossible to find the figures too that is the practical difficulty in this thing.

What will be the better comparison will be how much gamblers use crypto casinos for gambling!

Then the value will be around 20%.

[wiss19]

What percentage of bitcoin investors are gamblers ?

No one can know, I have never seen any stats regarding this and I don't think there can be because not every bitcoin or cryptocurrency holder has a connection with some casino as many of them don't gamble for sure.

Where will this figure be if we consider worldwide users ?

There can't be, surveys can be done but surveys can't cover all Bitcoin or cryptocurrency users, hence, the data will be incomplete.

it is possible that most of gamblers are still not bitcoin investors ?

Of course, it's not important for a gambler to also be an investor, there can be a very large percentage of people who just gamble and don't invest money in cryptocurrencies, some might have been but then stopped and used all their assets in gambling, it's also a possibility.

[YOSHIE]

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

The point is that there are many Bitcoin users and holders, there are also many categories of investors, but I didn't find any big investors involved in online crypto casino sites.
For example: the most current investors or holders of Bitcoin or the largest investors.

The five biggest institutional BTC holders are:

1. MicroStrategy Inc. holds 158,245 BTC tokens.
2. Marathon Digital Holdings holds 13,286 BTC coins.
3. Galaxy Digital Holdings holds 12,545 BTC coins.
4. Tesla Inc. holds 10,500 BTC coins.
5. Coinbase Global Inc. holding 9,182 BTC tokens.

However, none of the five of them staked their Bitcoins on gambling sites, so at this time it is unknown what % of investors are actually involved in online gambling.

But if you search and examine more deeply, almost every online crypto casino operating today, they use Bitcoin, of course they have partners/investors inside, which is the point: there is no official data on Bitcoin investors involved in online gambling.

[348Judah]

Btw, does owning a coin accounts that one must have been involved in gambling?

What are coin accounts ?

You misunderstood my comment; what I wrote there was, does owning a “coin” “accounts/means” that one must be involved in gambling?

The “coin” and the “accounts” are not together.

You're right Cantsay, for someone to own a coin irrespective of its kind doesn't make one a gambler, however we shouldn't also forget that almost all the online gambling platforms are crypto supported platforms, yet we cannot assume everyone having this same digital currencies to be a gambler, which is what you're trying to bring out from the context of how i viewed it, i don't even know how one can estimate the percent of bitcoin holders who are gamblers or not.

[Razmirraz]

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

The majority of Cryptocurrency or especially Bitcoin users have gambled with their crypto assets, those who are paid using Bitcoin through promoted sites have kept their assets for gambling. There is no definite number to answer this question, I prefer to call it "majority" rather than guessing a number that is difficult to say without valid data. Most Bitcoin investors have gambled, but the number is fewer than active gamblers who are not yet familiar with Bitcoin.

[Jawhead999]

I think counting grains of rice is still easier than find the percentage of Bitcoin holders who're gamblers.

Not to mention each user has different way to classify a gambler is, do you think people who gamble using faucet is a gambler? I consider isn't, do you think people who buy shitcoin and then sell it after few hours or day(s) isn't a gambler? I'd say it is.

[uneng]

In line with these findings, the United Kingdom's Financial Conduct Authority (FCA; FCA, 2019) reported that, based on a survey of 2132 British respondents, the purchase of cryptocurrency is most often intended as a gamble (31%), as portfolio diversification (30%), or in the expectation of quick gains (18%).

The interrelations of cryptocurrency and gambling: Results from a representative survey

The study above found that 31% of crypto purchases are aimed to gambling purposes. We could consider this as the percentage of influence gambling has inside crypto industry, although we can't say precisely how many gamblers are involved on that process. Also, the study was conducted exclusively among british citizens, what means it reflects the reality of that island country, without considering other cultures and behaviors which may be different in other countries, especially the ones which have a total difference when compared to the british financial and cultural standards.

[AicecreaME]

It will be hard to gauge what is the percentage of btc investors that are also gambling on the side. You should have put a poll so that we can see a rough estimate of those people. But of course, that alone isn't enough to see the overall picture since some prefer privacy more than sharing to other people.

But if I will just estimate the population based on my gut feel and point of view about these investors, I guess there will be less than 15% of them in totality. This is because in my perspective, they would rather focus their mind and allocate their money in investing in bitcoin rather than spending it for an unguaranteed profit.

[Blitzboy]

Its kind of a silly one, isnt it? What percentage of Bitcoin investors are gamblers is like asking how many people gamble worldwide. Your question is very broad and complicated, and there is no simple answer. In the context of Bitcoin trading, its also hard to say what a "gambler" really is. People who trade every day, bet on its future value, or just like the fun of it are we talking about?

Its possible that your guess of 10–20% worldwide is just a guess, but its definitely a good one. If you think about it, most gamblers probably arent Bitcoin buyers yet. That is an interesting point of view. Both gambling and Bitcoin may have a lot of risks and unknowns that draw people to them. On the other hand, some standard gamblers might find Bitcoin too complicated or hard to understand.

[leonair]

What percentage of bitcoin investors are gamblers ?  Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see  less chances of the later happening.

Actually it is hard to determine if how much totally the percentage of investors are gamblers. Maybe there are a lot of investors who are Gamblers but we can't figure it out the specific value or them. What they said above that not all Bitcoin investors engage with gambling cause of of an investors are aiming to rich while those gamblers spend some of their money in order to play in gambling which is we are all know that in gambling we can not make a profits all the time.

It's hard to say exactly what percentage of Bitcoin investors gamble. Because gambling is a separate thing which is not related to Bitcoin in any way but many people gamble online using Bitcoin because it is completely anonymous and easy to gamble.  And there is no accountability for investing money on gambling platforms. Gambling is a fun place so anyone who needs entertainment is only interested in gambling and is not obliged to become a Bitcoin investor.

[Slow death]

well, bitcoin investors, they seek profits. so much so that they keep doing hodl for years until they manage to obtain profits of more than 2x or 3x. So when talking about a bitcoin investor you can already imagine that this is the profile of a more financially educated person in the sense that the coins he is saving are meant to increase and not reduce. Therefore, this investor will not keep taking the coins that were supposed to increase to keep playing at the casino and losing everything. for example, a person takes $1000 and invests in bitcoin because they aim to make a 3x profit, meaning they want to have $3000 within 5 years. It wouldn't make sense for this person to keep taking $100 to play in a crypto casino

so my only idea is that the people who play in crypto casinos are not bitcoin investors, they are people who have bitcoin coming from their winnings or who buy using bank cards for the purpose of playing in casinos, for these people to lose money is part of routine because they know that all the money deposited in the casino has little chance of leaving the casino, the chances of losing everything in the game are much greater. This is my opinion based on the observations I have had over the years about the behavior of bitcoin investors