What percentage of bitcoin investors are gamblers ?

[wxa7115]

A large portion of gamblers nowadays are involved with crypto gambling. Crypto gambling has gained huge popularity among those who used to gamble by fiat. What has played a major role in its popularity is the fact that gambling with crypto can be completely confidential. Gamblers who know about Bitcoin are the ones who are enthusiastic about crypto gambling and are ahead of Bitcoin investment. Since Bitcoin is a completely decentralized currency, its statistics are not available. But approximately we can say that a large part of Bitcoin investors are involved in gambling. If we take a look at the forum, it will be seen that most of the users are involved in gambling. However, its total number can never be determined.

I would say that we are seeing a reversal of how things used to be, years ago people discovered bitcoin first, they used it as an investment tool, and then they discovered they could gamble with it and if they were favorable to the idea they decided to do so.

However online gambling has gotten so popular lately that people now discover cryptocurrency casinos first and they buy bitcoin with the express purpose of gambling with it, while having no intention to invest in it, and while I think they may be missing an opportunity to increase their capital by investing in bitcoin, at the same time there is nothing wrong with doing this as those people are using bitcoin as it was supposed to be used, as they are using bitcoin as a currency to acquire the services they want.

[Hirose UK]

~snip~

Rich gamblers and Bitcoin buyers tend to like big-payoff risks. This strategy is thrilling, but not for frightened people. A large cash cushion is needed to handle losses. Risk management is an intriguing change. It's not enough to have lots of money—you must know when to play and fold. Bitcoin follows this guideline as well as high-stakes games

Let's examine little gamblers and altcoin traders' paths. In addition to playing, they plan how to use their tools. Their choice of cryptocurrency demonstrates their willingness to take risks for significant gains. Not the same, is it? Their approach emphasizes investment basics: diversify. Instead than betting on one altcoin, they gamble on several. Despite its risk, this plan may increase their revenue. Risk and reward are delicately balanced, so be courageous and prudent

Yes, it true that those gamblers who always buy Bitcoin as an investment asset certainly have spare money to be able to deal with the risks that exist, in fact they don't have any feelings of fear at all about the risks that could occur.
People like this are truly extraordinary because they dare to risk money to make bigger profits, they think money is about numbers, not everything and they have a way of making money all the time.
It only natural to see that people like them tend to be more successful and successful because they are not afraid of risks, they can also overcome risks in every path they take.

Of course, it will be very different because small gamblers will prioritize how to use the least amount of money and make more money.
Likewise, in terms of investment or trading, they tend to take altcoin tokens or even tokens that are just about to be launched on the market at relatively cheap prices with the aim of being able to make profit when there is hype or an increase in prices.
But when what they want has been achieved they feel dissatisfied and do more things which give rise to greed.

[Litzki1990]

Investing in Bitcoin and gambling are two different sites, so considering the two aspects, the number of members in Bitcoin investors and gambling sites can be different. Just as many people around the world gamble by joining online casinos, so many people around the world invest in Bitcoin. Again there are many people who play online gambling along with investing in bitcoins. I am a gambler as well as a Bitcoin investor if I say so. I gamble in my spare time but I prefer investing in bitcoins. In addition to investing in bitcoins, I also do some time trading. Gambling entertains me and when I win from gambling I try to fulfill my small desires with a portion of the profit. I am now involved in all three, investment trading and gambling.

[SeriouslyGiveaway]

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.

It's challenging to determine the exact percentage of Bitcoin investors who could be considered gamblers. The distinction between the two is quite important. While there might be some overlap, as in any financial market, most Bitcoin investors approach it as a long-term investment rather than a form of gambling.

If we were to estimate, I would be cautious about assigning a specific percentage, and it would likely vary significantly based on different factors such as regions, demographics, and market conditions.

As for the possibility that most gamblers are not Bitcoin investors, it's plausible. People who engage in gambling activities may not necessarily be interested in or have the financial literacy for investing in cryptocurrencies. The motivations and risk perceptions of these two groups could be quite different.

[Porfirii]

-snip-
Investors are people who invest in different businesses and I doubt Bitcoiners are also investors.

Although we won't know, because there is no real data as you said before, I agree with the intuition that the profile of the Bitcoiner is more like the one stop shopper you said, and instead of investing in different businesses like the traditional investors do (diversify, not all your eggs in the same basket...), they will be investing in different altcoins instead, and in the case of maximalists, not even that.

And yes, I agree with a profile more inclined to gambling than investing, although there are also stone hand HODLers who will stack even the last sat.

[topbitcoin]

Investing in Bitcoin and gambling are two different sites, so considering the two aspects, the number of members in Bitcoin investors and gambling sites can be different. Just as many people around the world gamble by joining online casinos, so many people around the world invest in Bitcoin. Again there are many people who play online gambling along with investing in bitcoins. I am a gambler as well as a Bitcoin investor if I say so. I gamble in my spare time but I prefer investing in bitcoins. In addition to investing in bitcoins, I also do some time trading. Gambling entertains me and when I win from gambling I try to fulfill my small desires with a portion of the profit. I am now involved in all three, investment trading and gambling.

At the very least, people who invest have pretty good financial control skills. And I think people who invest in bitcoin will not be too interested in gambling, even if it is cripto-affiliated gambling. Because they understand that investment is to increase their income, to get money. While gambling is just a waste of money. And even if they gamble, they gamble just for fun and don't take it too seriously.

That's just my guess which could be right and could be wrong. Because to prove this I have never seen survey results that show the involvement of bitcoin investors in the world of gambling. And if anyone knows the innovation, please let me know, because I am also a little curious.

[bluebit25]

I know that most people who know about bitcoin also gamble because everything is on the internet, so it is difficult to give accurate statistics. I'm not sure if some places are also closed to gambling, they may also have difficulty accessing bitcoin, but it's not exactly the same.
And the opposite is true for gamblers, including offline ones, they may just like to gamble for entertainment as well as to make money, and looking at crypto, they may not necessarily participate in it. In many cases that I meet in real life, they don't even know about bitcoin, and they still assume it is a Ponzi scam , and that is definitely ignorance. There is a real familiarity between bitcoin investors and gamblers.

[Litzki1990]

Investing in Bitcoin and gambling are two different sites, so considering the two aspects, the number of members in Bitcoin investors and gambling sites can be different. Just as many people around the world gamble by joining online casinos, so many people around the world invest in Bitcoin. Again there are many people who play online gambling along with investing in bitcoins. I am a gambler as well as a Bitcoin investor if I say so. I gamble in my spare time but I prefer investing in bitcoins. In addition to investing in bitcoins, I also do some time trading. Gambling entertains me and when I win from gambling I try to fulfill my small desires with a portion of the profit. I am now involved in all three, investment trading and gambling.

At the very least, people who invest have pretty good financial control skills. And I think people who invest in bitcoin will not be too interested in gambling, even if it is cripto-affiliated gambling. Because they understand that investment is to increase their income, to get money. While gambling is just a waste of money. And even if they gamble, they gamble just for fun and don't take it too seriously.

That's just my guess which could be right and could be wrong. Because to prove this I have never seen survey results that show the involvement of bitcoin investors in the world of gambling. And if anyone knows the innovation, please let me know, because I am also a little curious.

I am a bitcoin investor and I like to gamble. Like other games, gambling is just fun for me, the money I earn from gambling is my bonus money and I use them as spending money. Currently I win mostly by gambling although some of my strategies have helped me in this regard. A person has invested in bitcoins, seeing that he has invested in bitcoins, he cannot gamble, the main point is that we should gamble without becoming addicted to gambling. Gambling is fine for us as long as we treat gambling as fun but whenever we expect too much from gambling the results of gambling will go against us. I usually prefer to gamble with stablecoins because gambling with Bitcoin means I lose if I win.

[Gozie51]

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.

I think you are asking all questions and the percentage of your guess may not be confirmed. But I think the exact figure can only be known if a survey is done on that across then we can be certain what it is.

On my personal response, I won't talk on percentage but what I think is quite a handful of bitcoin investors will be gamblers and reason is they all involve same kind of exposure and purpose. Exposure in the sense that it follows almost same process of internet education and information. Moreover, they both relate in ads interchangeably, meaning you can see gambling apps on an exchange or bank online app.

Therefore, the ultimate goal is for profit. So it is not unlikely to find an investor in bitcoin trying to also leverage on gambling and the same goes for a gambler trying to leverage on bitcoin investment especially with the bull on the corner.

[wheelz1200]

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.

I'd say it's a lot higher, and even more when you include all of crypto like altcoins and nfts.  I mean essentially with how volatile those are you can say it's actually a form of gambling so that 100% of people that "invest" are gambling.  Either way I'd say it's way higher than the 20-30% range even if you don't consider crypto gambling.

[topbitcoin]

~

I am a bitcoin investor and I like to gamble. Like other games, gambling is just fun for me, the money I earn from gambling is my bonus money and I use them as spending money. Currently I win mostly by gambling although some of my strategies have helped me in this regard. A person has invested in bitcoins, seeing that he has invested in bitcoins, he cannot gamble, the main point is that we should gamble without becoming addicted to gambling. Gambling is fine for us as long as we treat gambling as fun but whenever we expect too much from gambling the results of gambling will go against us. I usually prefer to gamble with stablecoins because gambling with Bitcoin means I lose if I win.

Winning in gambling is not something that we can be sure of, because it could be a coincidence. The comparison between our victory and defeat in gambling, of course, the possibility of getting victory is much smaller than if we get defeat.

It's a good thing if you use the winnings you get to increase your spending money, but if you play gambling too often and are often uncontrollable when doing it, then in the end the opposite happens, spending money becomes more reduced because allocating some of the money to play more gambling.

And Gambling is not a necessity and gambling is not a good activity and should be our daily activity, because the longer we play gambling, the closer we will experience gambling addiction. Gamble only in your spare time, gamble without having to interfere with your main activities, especially work and our responsibilities in the household, then this will allow us to become a responsible gambler and also allow us to avoid the addiction to gambling.

[Quidat]

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.

I think you are asking all questions and the percentage of your guess may not be confirmed. But I think the exact figure can only be known if a survey is done on that across then we can be certain what it is.

On my personal response, I won't talk on percentage but what I think is quite a handful of bitcoin investors will be gamblers and reason is they all involve same kind of exposure and purpose. Exposure in the sense that it follows almost same process of internet education and information. Moreover, they both relate in ads interchangeably, meaning you can see gambling apps on an exchange or bank online app.

Therefore, the ultimate goal is for profit. So it is not unlikely to find an investor in bitcoin trying to also leverage on gambling and the same goes for a gambler trying to leverage on bitcoin investment especially with the bull on the corner.

There's no such thing about precise prediction on what are the percentage considering that we cant really be able to know on whose investors and who are gamblers.
We dont know that every gambler is an investor and how things could really be able to determine? There's no way on doing so since these are personal things and something that cant really be
that easily be known and this is why it would really be better that we shouldn't be minding about things specially on something that cant be known or something.
For some insights, then as a gambler then they would really be allocating some funds if they do decide to gamble if they are someone who are really up to investment.

[Litzki1990]

~

I am a bitcoin investor and I like to gamble. Like other games, gambling is just fun for me, the money I earn from gambling is my bonus money and I use them as spending money. Currently I win mostly by gambling although some of my strategies have helped me in this regard. A person has invested in bitcoins, seeing that he has invested in bitcoins, he cannot gamble, the main point is that we should gamble without becoming addicted to gambling. Gambling is fine for us as long as we treat gambling as fun but whenever we expect too much from gambling the results of gambling will go against us. I usually prefer to gamble with stablecoins because gambling with Bitcoin means I lose if I win.

Winning in gambling is not something that we can be sure of, because it could be a coincidence. The comparison between our victory and defeat in gambling, of course, the possibility of getting victory is much smaller than if we get defeat.

It's a good thing if you use the winnings you get to increase your spending money, but if you play gambling too often and are often uncontrollable when doing it, then in the end the opposite happens, spending money becomes more reduced because allocating some of the money to play more gambling.

And Gambling is not a necessity and gambling is not a good activity and should be our daily activity, because the longer we play gambling, the closer we will experience gambling addiction. Gamble only in your spare time, gamble without having to interfere with your main activities, especially work and our responsibilities in the household, then this will allow us to become a responsible gambler and also allow us to avoid the addiction to gambling.

Excessive gambling can be a sign of addiction. A gambler is addicted to gambling when he feels that he is losing regularly in gambling but is unable to quit gambling even after losing regularly. Gambling addicted to gambling and gambling as a hobby have the same purpose, the purpose of both is to make money but the purpose of both is the same but the effect is different. A person who is addicted to gambling will have very bad effects of gambling but a person who gambles as a hobby will not have any bad effects of gambling. That's why we should enjoy gambling and take gambling only as fun as we have the chance to win money and gambling will not have any bad effect on us or my family.

[ethereumhunter]

Excessive gambling can be a sign of addiction. A gambler is addicted to gambling when he feels that he is losing regularly in gambling but is unable to quit gambling even after losing regularly. Gambling addicted to gambling and gambling as a hobby have the same purpose, the purpose of both is to make money but the purpose of both is the same but the effect is different. A person who is addicted to gambling will have very bad effects of gambling but a person who gambles as a hobby will not have any bad effects of gambling. That's why we should enjoy gambling and take gambling only as fun as we have the chance to win money and gambling will not have any bad effect on us or my family.

It is very difficult for gamblers who are addicted to gambling to admit loss from gambling. They will continue gambling again to recover from their losses or to chase their wins again. However, they tend to want to continue gambling because gambling has become their passion to fill their free time. His goal in gambling is no longer looking for fun and entertainment but has changed, but he himself doesn't know what his goal is now. He just felt that by gambling, he could feel comfortable and not want to do anything else. It will be more dangerous when he only spends his time in the casino without doing other activities because he could become a person with a very serious gambling addiction. And if that happens, it will be difficult for his family because they will definitely be confused about how to cure him.

[Negotiation]

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.

I don't know where you got your stats from but I can tell that there are more bitcoin Holders who gamble. Gambling can be a more enjoyable thing using crypto. Everyone who gambles on this forum have Bitcoin or uses cryptocurrencies however not everyone one on the forum gambles despite having Bitcoin.

In fact, it is really difficult to figure out the statistics of bitcoin investors and gamblers. You are right there are many investors who gamble and many gamblers who invest in bitcoin. Gambling is a good investment true both investment and gambling involve risk and choice especially capital risk in the hope of future gains. Goal Gambling is usually a short term activity while bitcoin investments can last a lifetime. The risk is low and many investors prefer to hold bitcoins rather than lose them gambling. Also gamblers have negative expected returns in the average and long run.

[Z_MBFM]

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.

You can probably find out from a tracking website what percentage of people worldwide gamble. But it's impossible to say how many percent of bitcoin users gamble. You will not find its accurate calculation anywhere else. 10-20% This is just your personal guess and thus only a guess but no one can say how true it will be. But I think most of the people who love bitcoin and invest in bitcoin only choose to invest in bitcoin and not to gamble. Because they get a better investment experience from Bitcoin itself

[Kasabus]

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.

Mostly, those who hold bitcoin are also into gambling activity. Although not all of them but definitely more than 50% of these bitcoin investors are also enjoying gambling most especially that in most crypto casinos, bitcoin is the highly accepted form of cryptocurrency. Although some may be using fiat to gamble and keep bitcoin as their investment, still majority of these bitcoin investors are definitely gambling at the same time.

However, different case when it comes to gamblers as most of the gamblers are not into bitcoin investment. Some are just gambling for entertainment only, but I think for those who have been gambling regularly, they might have been engaging into investment, if not bitcoin, then most probably into other physical investments.

[Peanutswar]

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.

Probably because currently people who hold bitcoin can use their assets for investment, buying things supported the use of bitcoin and lastly is the use for gambling, for sure people who have this will get curious about gambling and try at least to make a deposits and try to make a game, even though they are not a active gambler still considered they are part of the gambling community with their experience.

~~
However, different case when it comes to gamblers as most of the gamblers are not into bitcoin investment. Some are just gambling for entertainment only, but I think for those who have been gambling regularly, they might have been engaging into investment, if not bitcoin, then most probably into other physical investments.

Once they see the use of bitcoin or crypto itself as can be used for entertainment and once they enjoy possible they will continuously do this kind of routine, and now its up to them if they treat this as part of their entertainment only or could be another investment for source of income.

[Saisher]

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.

Your stat could be higher or lower because there is no available data to rely on but your assumption that most gamblers are still not Bitcoin investors could be wrong
if a gambler plays on Crypto casinos which are popular platforms for online casinos, he will see the full potential of Bitcoin, and being a gambler who wants to make a profit he is likely to invest in Bitcoin since he is a gambler, there's a big probability that he will use Bitcoin to deposit and bet, so we can say that gamblers are most likely Bitcoin investors.

[EarnOnVictor]

-snip-
Investors are people who invest in different businesses and I doubt Bitcoiners are also investors.

Although we won't know, because there is no real data as you said before, I agree with the intuition that the profile of the Bitcoiner is more like the one stop shopper you said, and instead of investing in different businesses like the traditional investors do (diversify, not all your eggs in the same basket...), they will be investing in different altcoins instead, and in the case of maximalists, not even that.

And yes, I agree with a profile more inclined to gambling than investing, although there are also stone hand HODLers who will stack even the last sat.

There are no statistics for this but I must tell you that Bitcoiners are regular people too, so what is happening in the lives of regular people is what is happening with Bitcoiners too. Many might tell you that they invest in only Bitcoin, but it's a lie, most of such people have altcoins as they are trying to diversify their portfolio and also make more return on their investments.

But for another asset in the traditional market, many may not get involved in that truly, but it's not for any other reason other than they are not just inclined to that. If not for Bitcoin and cryptocurrency, there are a lot of people who wouldn't have known about investment not to talk of trading. However, this is not because they wouldn't want to try to gain their own slice of the cake in such investments but they just do not know other means by which they can invest and make money. Also, for the fact that some already know cryptocurrency and are gaining from it, they might not want to bother themselves with other means of investment.

This is the way I unbiasedly see it.