Memecoin Gambling verses Normal Gambling - which is more profitable?

[summonerrk]

Hi everyone,

This is something I've been thinking about for a while now, I thought it wise to ask here to see what you all think afterall.

Anyone who truly understands what investing really is, would or will agree with me that investing in memecoin currently, most especially on the Solana and Base blockchain; have become a gambling on its own, I've tried both normal gambling, and gambling on memecoin on the Solana blockchain, and I can't really tell, which is more profitable.

What I know is that, I lost on both, I placed bets on some sports games, I lost most and won a few, and just few days, I decide to try Solana memes, I lost all the money I used as capital for buying those meme coins, I lost all same day.

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

Recently, we have been hearing a lot about the news when someone got a lot of money investing in shitcoins.

A user with the address sundayfunday.sol earned about $2.26 million on the new 1DOL token.
The trader spent 13 SOL ($2,275) to buy 242 million 1DOL. After 8 hours, the token has risen in price 993 times.

But I think it's like a bad lottery, where the chances for investors, if it can be called investing at all, are unclear and minimal. It is better to go to a casino where the odds are clear, such as the "red-black" and try your luck there.

[Slow death]

1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

I don't waste my time and money investing in these meme coins, at least so far I don't do that, maybe in the future I will change my mind and start investing in these meme coins. Now it's time to be honest and be right when you say that investing in these meme coins is similar to the bets we make in games of chance. although the risk that exists when putting money into meme coins is not a great risk of losing all the money when compared to the risk of losing all the money when making sports bets or playing in a casino in some game of chance that depends lucky

2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

If I were to choose between putting money into a meme coin or putting money into a bet, I would choose to put money into a meme coin because in the case of meme coins when they are listed on some exchange and the person buys that meme coin In this exchange, the person has a chance of reading some bad news and selling part of the coins and thus reducing the loss, the chances of the person losing 100% of the money invested are low. Now when you put money into a bet, the chances of the person being able to reduce the loss are low, even when they have the possibility of cashing out

[slapper]

Bets on sports or memecoins are all about the excitement of winning. Solana and Base memecoins can erupt like nothing else. A popular meme might net you more than any roulette table. The harsh reality is that volatility doesn't guarantee wealth. Be wise about this. Do not jump in blind. Understand the market, buzz, and hype. You can sometimes get an advantage by understanding crowd psychology. You must always have an escape strategy. Ride the FOMO wave without drowning. I'm not against memecoins. A healthy gambler (or investor) plays smart, whether it is sportbetting or memecoin investing. Study stats, know players, make smart guesses.

[CryptoHeadlineNews]

I lost all the money I used as capital for buying those meme coins, I lost all same day.

But you still have your coins, right? Because if you still do have your coin, and it didn't crash, then it means it's value just dropped drastically, and not that you initially lost the entire capital/money used in investing in memecoins, as it has a potential to skyrocket again, unlike what happens in our normal traditional gambling, whereby if you gamble, it's either you win or you lose.
So in respect to all what been said, I can't just say that anyone is more profitable than the other, as they both involves high risk, and left for you to choose which one with the risk you can afford.

2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

Choose the one with the risk you can always afford to. But if I'm to be in your shoe, I will choose normal gambling to memecoins. As the chances of falling into scam coins are very high this days, which is why it's better to stick with traditional gambling system using Bitcoin, than fall victim while trying to be greedy looking for an avenue where you can turn $100 to a million overnight. Because true wealth always comes in a gradual process.

[Sunderland]

I would rather to gamble than invest in memecoins, because I dont have time to monitor the development of that coins all the time.
Rugpull and fuds can happen at any time in memecoins, find out too late - we might lose everything.
Therefore, for me personally, it is clear that gambling has a better chance of making money than invest in memecoins.

[Solosanz]

In terms of profitability, gambling in shitcoins should give you a chance to earn, while gambling make you loss in long run. Which mean gambling is never been a way to make money, you could lose for 5 months and then next day you win really big that the winnings can cover up all the 5 months losses, but will you stop gambling? I'm sure you will keep gambling in order to earn money, but the reality you will in loss.

Don't only look to gamble on memecoins, since memecoins is one of niche, you need to follow the trend if you want to make money.

[YOSHIE]

Memecoin Gambling verses Normal Gambling - which is more profitable?

I have heard many stories from my friends who gamble using Solana meme coins, no doubt they have placed bets on almost 5 different meme coins in gambling bets, but they never get a good profit, instead they lose the money they get in every transaction they make, this is marked as a meme coin on the Solana blockchain, it does not guarantee and produce as expected.

For that reason, if I were asked to choose, of course I would choose to carry out normal gambling activities, I mean crypto types in general such as Bitcoin, LTC, USDT and so on, rather than having to gamble using meme coins, that's my understanding, memes can be said to be unstable coins in the market, especially in gambling.

[coin-investor]

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

You have a 50/50 chance on both, but at least on gambling you can enjoy and have fun compared to investing in meme coins after doing your hard research you are still going to lose, and that's frustrating, you're investing in these coins hoping to make a profit, then you wake up the developers fooled you and do a rug pull

2. Assume you are not into any of the above, which would you prefer to get into if you were asked to choose one? And also explain why..

I will always prefer gambling to investing in meme coins. Gambling allows me to have fun and, if lucky, make money. Compared to investing in meme coins, where the developers steal your money when you're sleeping, it hurts when you trust a project and then just steal your money by doing rug pulls.

[EluguHcman]

Memecoins are investment projects but due to the highily volatilities that its Investors can not make an inch of its predicts with the fact that the volatility potentials is most of depreciating, it has been seem as a project that whoever that is engaging on it should bear in mind that the risks involved is equivalent to gamblers staking in the gamble and can not determine the future predictions.

So on a conjunction, investing on the memecoins with the investors goal to make profit has become a game of luck as the gambling would as well be a game of luck.
Perhaps, there had been advices around the cryptocurrencies discussions that Investors tending to invest on the memcoins should invest with is affordable to like one is gambling.
Though that does not literally mean that memcoins are gambling platforms because of you ask me, I would tell you that I gambles but can not afford to have my funds invested or gambling in the memcoins because I can not derive fun out of it.

[aioc]

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

I stopped investing in meme coins while I was still gambling. I experienced being burned by investing in these meme coins. They keep promising you profit, which turns out to be a big lie. While gambling, you're not expecting profit, and your chances are in your hands, something that you cannot find on meme coins.

2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

If you check on the altcoins board, people will discourage you from investing in meme coins, while if there are good odds on one game or fight, people will encourage you to bet, so I'll go for gambling and have a good time instead of getting disappointed from these meme coins.

[Crypto Library]

<✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂>
So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

First of all I want to say that you investing in meme coins for gaining profit only it's trading. And on the others hand gambling is for fun not only for the money. So I think you should not mix gambling and this memecoin investment. I don't invest on meme-coin but still playing gambling I do gamble for fun. And I will not invest in any memecoin whether it is based on Solana or others.  And I will say you are on wrong root that we choose gambling to make profit or as an investment purpose.

2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

I will select gambling for fun not for only the gaining profit, so it not an investment for me. And in case of investing on memecoin I will suggest accumulate bitcoin by DCA method for long-term instead of investing in memecoin.

[SamReomo]

1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

I think I have lost far less in gambling than on those Solana and base memecoins and I believe you're actually right that it's a type of gambling to invest in those coins because they can lose value pretty fast and or gain value also so fast.

The worst thing I have noticed about memecoin gambling is the presence of rug pulling, on normal casino based gambling we don't get rug pull but on Solana meme coins we see 100's to 1000's of rug pulls on daily basis.

I still invest in some reputable Solana memecoins but it's very hard to find which one is a good one and which one will rug pull your money. That's why I don't recommend anyone to invest or gamble Solana memecoins unless you fully understand how they work.

[Synchronice]

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

Overall, I don't like meme coins, tokens, ordinals, NFTs and everything that's related to memes or dumb apes or meaningless things. To be honest with you, I was thinking to buy PEPE when price was almost all-time low but I didn't buy it because I couldn't really imagine if it would ever became a thing but I was wrong, but I don't care. I don't want to make money by fooling others.
To be completely honest, in terms of making money, i.e. getting financial profit, meme coins are a better choice than normal gambling but in terms of getting fun, I would choose normal gambling all the time.

[Rampagoe004]

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

I will answer these 2 questions in 1 sentence. Yes under any circumstances I prefer gambling on Solana or Base over normal gambling. I'm not a gambling addict but I love sports betting that's why I love playing it on Duelbits. I never refer or invite people to try joining. This is just investment advice. I'm just explaining what I think. But overall I think meme coin is a project that is really worth trying. There are several projects or airdrops that only require a little capital or knowledge to be able to do a testnet. And after that you can wait several months until the project is listed on the market. Some projects can be successful and provide huge returns like BOME and WIF. But please note that there are many projects on the Solana and Base networks that are scammers or do rug pulls when they have been listed on the market.

[Assface16678]

The thing is that no matter what you will use it is still a currency you will use to gamble so no matter what currency you will use or kind of gambling, normal or using memecoin the gain and lose will still the same its just that you are using dma different kind of currency, but the thing is that memecoins are volatile so expect that the amount of currency you have will change because of the price movement and also if I know that a memecoin has the pontential to increase or to prolong then I would rather gamble normally or using a fiat, I'm not a fan of crypto gambling because its a easte f assets to use it in the gambling and especially if the currency has a good potential profit. So yeah I would choose normal gambling than using crypto currency or even its just a memecoin.

[Hispo]

The thing is that no matter what you will use it is still a currency you will use to gamble so no matter what currency you will use or kind of gambling, normal or using memecoin the gain and lose will still the same its just that you are using dma different kind of currency, but the thing is that memecoins are volatile so expect that the amount of currency you have will change because of the price movement and also if I know that a memecoin has the pontential to increase or to prolong then I would rather gamble normally or using a fiat, I'm not a fan of crypto gambling because its a easte f assets to use it in the gambling and especially if the currency has a good potential profit. So yeah I would choose normal gambling than using crypto currency or even its just a memecoin.

I believe you are missing the point on what OP is asking in this thread, though. He is not talking about using memecoins or established coins / stable coins to gamble in a casino ,he is rather taking about the differences between gambling in a casino (as people usually do) and using that same money to especulate in the market of memecoins seeking for profits by buying a memecoins and waiting for it to explode in value, cashing out just in time before it goes down and the price of the coin gets flat lined forever. Big difference from the scenario you are talking about.
Now that I think about it, gambling in memecoins and their especulation must feel like a match of crash, with slower and with higher stakes, because people risk more money in a memecoin investment than in a single session of crash.

Anyways, I stand my point that one is not supposed to gamble with memecoins when there are other reliable and more liquid options in casinos.

[Lida93]

So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?

I don't fancy these memcoins that much for obvious reasons, which is why I make do of normal gambling only and I can't say for sure which among the two gets to be more profitable as I haven't tried memcoins, am just a normal  sports gambler.

2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..

I'll prefer normal gambling any day anytime.

I confine myself to just the conventional gambling alone, the one you referring to as normal gambling. I had to embrace my reality by accepting the fact that fusing memecoin gambling with my normal gamble will make me spend more than I do with normal gambling.

The perspective when dealing with memcoins won't be same to when dealing with normal gambling, it's rather one of an investment risk  factor (project), which can make an individual who hardly spend much money on normal gambling to easily spend much on memecoin gambling. To avoid been caught up in such dilemma where I be struggling with my self discipline on how I spend money on gamble I just had to stuck my guns with the normal gambling.

[bakasabo]

What is the difference between placing bitcoin or altcoin as a bet, and placing a meme-coin? Despite the fact that chance of meme-coin value to drop is higher. If we talk about perspectives, then there is a difference. If we talk about gambling, then the all the same. In any case deposit will be withdrawn and converted into fiat one day.

I can assume, that those who gamble with meme-coins, will be less series during placing bets. The reason for that is that meme-coin have that special aura of being unserious crypto/money/investment. I can assume that with meme-coin gambler will be more risky and reckless. But in terms of profit, there is no difference as it all about luck and random anyway.

[Solosanz]

What is the difference between placing bitcoin or altcoin as a bet, and placing a meme-coin? Despite the fact that chance of meme-coin value to drop is higher. If we talk about perspectives, then there is a difference. If we talk about gambling, then the all the same. In any case deposit will be withdrawn and converted into fiat one day.

I can assume, that those who gamble with meme-coins, will be less series during placing bets. The reason for that is that meme-coin have that special aura of being unserious crypto/money/investment. I can assume that with meme-coin gambler will be more risky and reckless. But in terms of profit, there is no difference as it all about luck and random anyway.

This is what when you only read the title instead of read the content.

First, I thought like that, gambling in casino using meme coin and gambling in casino using other currency.

But, @OP meant memecoin gambling is you buy and sell meme coin, why he said gambling instead of trading, because the price can go up and down really high like gambling. So those two things are different.

[bakasabo]

What is the difference between placing bitcoin or altcoin as a bet, and placing a meme-coin? Despite the fact that chance of meme-coin value to drop is higher. If we talk about perspectives, then there is a difference. If we talk about gambling, then the all the same. In any case deposit will be withdrawn and converted into fiat one day.

I can assume, that those who gamble with meme-coins, will be less series during placing bets. The reason for that is that meme-coin have that special aura of being unserious crypto/money/investment. I can assume that with meme-coin gambler will be more risky and reckless. But in terms of profit, there is no difference as it all about luck and random anyway.

This is what when you only read the title instead of read the content.

First, I thought like that, gambling in casino using meme coin and gambling in casino using other currency.

But, @OP meant memecoin gambling is you buy and sell meme coin, why he said gambling instead of trading, because the price can go up and down really high like gambling. So those two things are different.

This is what happens when OP makes topic names that does not match content.

So OP wants to discuss risks of buying of a meme-coin in gambling section, because gambling is game of risk and investing contains also taking a risk? Anyway, both are profitable only with cautious approach. But how can we tell which is more profitable, if the level of risk is different? When price goes down, you still can sell meme-coin for at least something. When you lose in gambling, you lose all of the money. Regards profit, I think i depends from secondary factors like chosen game or chosen meme-coin (you can get a random multiplier in game of Crash for example, or meme-coin can be trendy and get pumped), but it is still a total random.