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Author Topic: Memecoin Gambling verses Normal Gambling - which is more profitable?  (Read 354 times)
GideonGono
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May 20, 2024, 12:52:53 PM
 #41

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..

Gambling with crypto would be like double edge sword, it could lessen or greaten what you won or lose.
I never played or gamble with meme coins before, since I am investing on it to trade earn profit and control the risk, so why would I even gamble with it?
But whenever I gamble with crypto I don't usually care about the current price, I would just play with what I have, and compute everything after I am done playing.



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[15.00000000 BTC]


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May 20, 2024, 02:24:45 PM
 #42

Sometimes I've seen casinos with memecoins gesture very low house edge games because if a coin is worth nothing then might as well take risks from the side of the casino to attract players. The balance could be replenished just by the casino owner finding a deal to get tons of coins that otherwise have no market value. Of course this entails that wager value would be minuscule but value is also subjective. If lots of people think an asset will have value in the future this is also a form of value.

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May 20, 2024, 02:37:06 PM
 #43

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..

Haha, well, I am into Solana memecoins, I have spent a few hundreds of dollars buying and selling memecoins on the Sol network, and from my experience so far, I must say that that is one the most toxic market for any one to be in, investing in new Solana memecoins Is very risky to be honest. I mean, I personally tried it and I can say that I was as good as losing all my money there, because some projects actually end up getting rugged in the same hour it was launched, the only people who make alot of money in new Solana meme coins are the developers of those coins.

So for me personally, and based on my experience, I would prefer to do normal gambling with my money than focus on gambling on Solana memecoins.
Reason is because, when you win in gambling, you know you have won and the money is credited to your account, there is no way of losing it again except you decide to put it into another game which happens to end in a loss.
But for Solana memecoins, there are times you be in profit and you assume you are winning, and leave the coins there believing that it will still go abit higher in price, but before you know it, the devs will rug it and you are left with useless unsellable coins in your wallet.

There are other times too when you invest in a new memecoin and the price drops, and in other not to sell it at a loss, you decide to wait for the price to recover, and before you know it, the devs have rugged it, again, leaving you with useless and unsellable coins in your wallet.
The Solana new memecoin market is one of the riskiet place anyone can be.

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May 21, 2024, 08:17:30 PM
 #44

What I meant is, between buying meme coins on the Solana network, and doing the normal gambling in the online casinos, which of this will likely bring more profit? Like for example, if I decide to started buying new meme coins Solana network using Dextools and or Dexscreeener, and you decide to start gambling like spending your money on online casinos betting on different games, which of us is likely to be more profitable over time?.
If you are in a bull time after a significant bear market, that is the right time to buy coins and that will be the right time to buy the meme coins. But after a significant bull run and someone mistakenly buy the meme coin, it can be a regret because the person bought it at the wrong time and the price may begin to fall massively.

Gambling is not a way to make money and people should not gamble because they want to make money. Gamble for fun.
I think the right time to buy a coin is during the bear market because if you buy at the bulls, chances are that they will fall eventually. The more we will apply this rule if we are dealing with the meme coins because we know that they are good at trapping their prey and they know that people like to FOMO at them after seeing their massive pump. Now when it comes to gambling, why can't we make money on it when it was actually possible?

But, what is only not right is if we will rely on it regularly and we don't have other sources of income. For those gamblers whose main aim is to profit, I'm sure that they are also enjoying their session, most especially if they are winning.

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May 26, 2024, 10:17:42 AM
 #45

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..

Potentially, investing in meme coins can bring you more profit than gambling or sports betting because casinos have limits set on how much you can win via sports betting. When you invest 1000$ in meme coin and coin goes 1000x up, you get 1 000 000 in your pocket, if it goes 10 000x up, you get 10 000 000 in your pocket, there is no limit of money that you can own and hold when you have coins but when you make a bet, for example 1000$ on ticket with 1000x profit, you'll still not get 1 Million dollars because casino might have set limit on win and doesn't matter what odds your ticket offers, you'll be limited to certain numbers, for example, 100K.
Btw if you are very lucky, you might win slots jackpot or casino's own big jackpot with a little bit. Everything comes to luck and is very individual.

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May 26, 2024, 11:10:59 AM
 #46

~snip~

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..
Solana already has lot of meme coins and with the Solana network it also provides relatively very low fees but if it is related to gambling then I would never use one of them for gambling.
All meme coins will always have unstable prices, experience very significant increases and decreases and this can obviously cause some losses if done in the long term.
But I don't know why ask questions like this because it is clear that the most popular ones for gambling are BTC and USDT and these are the most popular cryptocurrencies even though currently the use of BTC has decreased due to the increase in costs and the increase in the price of BTC making most people prefer it to invest.
I myself would much prefer stable coin which will never cause significant losses when experiencing decline in value because the decline in the value of stable coin is also very low.

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May 26, 2024, 11:17:57 AM
 #47

Quote
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.

Gambling isn't supposed to be profitable for the gambler. Gambling is supposed to be a fun way to spend some time and money.
Investing in shitcoins and "pump & dump" schemes isn't actual investing. It's more like jumping into a ponzi scheme and expecting to win big money. I wouldn't even compare it to gambling. In gambling at least there's a change for you to win big. In those pump and dump schemes, only the creators of the shitcoins are the ones making actual money. The "shitcoin investors" are losing their money, just like the people, who "invest" in ponzi or HYIP scams.

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May 26, 2024, 11:52:16 AM
 #48

In Rollbit or another casino platfrom there is a crash game on the front page, and a meme coin that's how it works. You have to determine how much profit you are aiming for before betting, but when your target is too high and the price of meme coin is close to the target price, you can cut it and immediately take profit when the price is moving. Casino makes the time frame faster, while meme coin on the Solana network is more synonymous with the addition of the word "investment"... actually both are the same, if you are lucky you will profit a lot, if you fail then you will get nothing.

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..

Crash gambling is more interesting if it adapts to our happy heart condition. Because we immediately know the final result instantly at that time. Someone with good budget control will certainly understand their limits, and know when it's time to stop.

If we lose too often in crash games, buying a little meme coin is like diversifying, that's not bad either.  Wink
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May 27, 2024, 06:19:27 AM
 #49

Quote
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.

Gambling isn't supposed to be profitable for the gambler. Gambling is supposed to be a fun way to spend some time and money.
Investing in shitcoins and "pump & dump" schemes isn't actual investing. It's more like jumping into a ponzi scheme and expecting to win big money. I wouldn't even compare it to gambling. In gambling at least there's a change for you to win big. In those pump and dump schemes, only the creators of the shitcoins are the ones making actual money. The "shitcoin investors" are losing their money, just like the people, who "invest" in ponzi or HYIP scams.
At the end the comparison is flawed as gambling is supposed to be an activity that we do just for the fun of it, while meme coins not only do not bring any enjoyment, but at the same time the number of bad projects out there is enormous.

To the point that even if a person was lucky enough to get a huge win, it will not be long until they lose all their money to scammers, as they keep putting their money at risk with those useless coins.
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May 27, 2024, 12:29:57 PM
 #50

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..
Investing in meme coins is no different than gambling. Most meme coin projects are created to imitate previous famous projects such as Pepe, Bonk... If you are not alert and think that they will grow like the above coins, most will be lost money. Initially, you may have profits, but because of greed, we will often continue to stick with it hoping to receive even higher profits, and then everything returns to zero. Creators These meme projects understand players' psychology very well, so they always have tricks to stimulate participants' greed.

Compared to regular gambling, investing in memes can still bring much better profits if you find the right potential project, and don't be too greedy, I think it's still worth spending a little money to invest. If I had to choose, I would still choose to invest a little in potential meme coins for the purpose of finding high profits, while regular gambling can only bring small and steady profits.
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May 27, 2024, 01:03:08 PM
 #51

At the end the comparison is flawed as gambling is supposed to be an activity that we do just for the fun of it, while meme coins not only do not bring any enjoyment, but at the same time the number of bad projects out there is enormous.

To the point that even if a person was lucky enough to get a huge win, it will not be long until they lose all their money to scammers, as they keep putting their money at risk with those useless coins.
The OP regarded the coins as gambling and I see it right that way because they are very risky. There are many coins that have increased 10 times during this bull run, but in 2026 if the bear market comes, you will see them get back to their low price and they may fall back 10x. I checked some altcoins many months ago in 2022 and I noticed it. I do not go for new projects, but I put little amount on some altcoins, if I gain, I will remove the money because I know I can lose it back. You are right about this.

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May 27, 2024, 01:25:39 PM
 #52


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 it comes to gambling itself as what it means where you either lose or win in your bet then I would choose memecoins gambling. I think that means investing on memecoins right  Huh And because of it risk of disappearing into no value but I would still prefer it that than direct gambling where I can't stop the outcome from happening, unlike in memecoins where I could could decide to sell of what is remaining of it and probably run away with either consolation of my original investment, something below it or my 10cents  Grin but in gambling, you will have no means to run away with on going bet depending on the option you have made until it is completed hahaha.

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May 27, 2024, 01:52:49 PM
 #53

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..


           -   The majority of the meme coins are really gambling. When you invest there, you are hoping to hit the jackpot with the meme coins, and for a small amount, you will suddenly get thousands of dollars, right? 

That's what meme coin investors always do. Now if you're worried about the meme coins you're going to invest in, maybe it's better to just allocate your gambling money to gambling, and at least you'll enjoy it if you know you're going to enjoy it, right? It's the same because you rely on luck.

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May 27, 2024, 02:03:10 PM
 #54

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..
The same is not profitable because meme coins are more rugpull but you can't go wrong some people buy meme coins there are successful maybe they have a little skill which meme to buy from the beginning of its appearance, here I do not understand and will consider this like gambling.

If I choose maybe both...
You should know that when you lose in memecoin there is no sensation that is felt, unlike playing gambling you when you lose may feel there is an adrenaline rush something you do with a little emotion but never expect profit in gambling but for memes there is still hope even though it is equally small for the profit.

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May 27, 2024, 02:26:32 PM
 #55

I would say it depends on the amount of money being used either as a bet in normal gambling or as an investment in a meme coin because both are a sort of gambling as you said, and you can either win or lose depending on the odds and outcome of your bets and investments. However, there is one thing, the odds in normal gambling are fixed and you can only get a certain amount in return in case you win, which isn't the case with meme coin investments.

When you invest in a meme coin, you tend to have the possibility of getting high profits if the meme coin manages to gain a lot of hype and investors in the market, but that doesn't happen all the time because most meme coins tend to either die or stay stagnant for a lifetime as they don't gain any momentum.

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dimonstration
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May 27, 2024, 02:46:29 PM
 #56


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?


Meme coin is still not the same as casino gambling because it’s still trading. It’s just high risk but not same high compared to casino gambling.

The answer on what’s more profitable depends on your luck on choosing meme coin and playing casino games but in terms of probability I think meme coin trading has an advantage because of paper loss can give a chance to recover while casino gambling immediately liquidates your bankroll once you loss so you have high chance of profit on meme coin trading that has a life line.

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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 choose gambling because I gamble to be entertained and I trade using safe cryptocurrencies when I want to trade. There’s a big difference on the purpose of choosing between meme coin trading and gambling.



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Casdinyard
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May 27, 2024, 03:01:23 PM
 #57

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..

Haven't tried gambling through memecoins yet, as many of the casinos I play with such as Stake doesn't offer such amenities to their users, but I would assume none of them are more profitable than the standard currency we always use when gambling. Cause imagine, it's no different from converting your cash into a different currency/denomination, all you're really doing is changing how your money looks and feels like but at the end of the day, you're still bound to spend it.

I would even argue that it's way more detrimental spending money using memecoins, cause they are just so dirt cheap you'd feel like you're spending less money than what you're actually losing, compared to using stablecoins like USDT where you're really seeing how much you're losing.

So yeah, fun idea to juggle with, not really good in practice I would say. Even if memecoin gambling's something that I would be able to do in the future, or at least in a different blockchain, I still might not play with it.

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May 27, 2024, 03:03:00 PM
 #58

None of them are profitable, they're both gambling and you should know by now that gambling doesn't give, it will always take and the only reason why it's giving sometimes is because it works on odds and in those odds, you can get some win. If I'm forced to choose between the two though, I'd say that memecoins are the most profitable because if you think about it, they're the ones that's likely to pump in prices that would matter, those memecoins that I'm talking about can easily go from $0.00001 to $1 in a matter of days, the only problem is that it's not a thing that's usually happening in memecoins so it's like you're gambling but you're also gambling with choosing which one is your prize.
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May 27, 2024, 04:06:20 PM
 #59

Memecoin Gambling versus Normal Gambling - which is more profitable? when it comes to gambling there is no guarantee profitable hahah thO I will tell you my story about my situation

A week or 2 weeks ago I watched people get rich on memecoin I know this like million times but these weeks i just a lot of memecoin in my twitter and I open Phantom and saw pump.fun site basically this site sell a new memecoin and then I bought a total of 30 USD divided into 6 tokens and boom all my money was gone except 2 tokens that made at least x2 and the other turn into ash. Then there is and ad in my Instagram there is token called SENK with same thinking like yesterday I decided to buy 8 USD and now turned into 30 USD so my money back to original value but the point is investing in meme is crazy high risk IMO but the positive side is you can cutloss rather lose all of it

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May 27, 2024, 04:16:45 PM
 #60

gambling on tokens or memecoins, without analysis and as long as you do snipping, this can be gambling that is more crazy. However, if you analyze it, it feels like this is no longer gambling, but an investment. Just like someone who opens a business, if the business is not successful, is that part of gambling? Of course that's not like that. So, there are 2 different sides between gambling on memecoins/tokens and deliberately investing in memecoins/tokens. Which is worse, no analysis for buying tokens or real gambling? What's worse is of course tokens/coins, because we know that newly launched tokens might drain wallets. Not only do you lose when buying, but you lose the asset completely.

Which is profitable? hard to say that, but when you are buying a tokens/coins, you have something can be sold in the future, but if your betting and lose, you are lose your money without any chance your money back.

HOLD...
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