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Author Topic: The difference between gamblers and real Bitcoin investors?  (Read 823 times)
bluebit25
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May 25, 2024, 09:37:39 PM
 #61

Each of us has a different approach to this field, so that difference shows the fact that it is not for the crowd and the winners in this field also have many different reasons.

I also have some experience with this journey, I don't attach much importance to investment theory because I really don't feel too pressured to make more money. I have accumulated bitcoins and from time to time I think I will earn more bitcoins, but there are times when I have to accept losing bitcoins. So it's not always about winning for everyone, it's just a matter of whether we will win/lose.









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May 25, 2024, 11:50:27 PM
 #62

If you ask me, what is the hardest job? Then perhaps my answer will be the investment profession. It is a truly unique and harsh profession compared to other professions. Especially with Bitcoin and a volatile market like cryptocurrency.

Nope I disagree with you about the idea that investment is the hardest job, not as a profession as strategy. It is the easiest job if you have knowledge about it. It just needs nothing but HODL!
 
Anyway investment is easy when you have a proper awareness of things like knowledge, strategies, and experience as well as funds. So if you don't have it, I think you are right here that investment is the hardest job. Because if you don't have proper knowledge, then investment can be a gamble for you. Investment in Bitcoin is a complete department in which you should have need  to learn a full fil knowledge/awareness of market sentiment, if not then volatility can look like betting or gambling.

I believe, this is a subjective topic as every person has their own take when it comes to investment matters. For some, it is the hardest, while for others, it is the easiest. So the approach to this topic varies from one person to another, and how knowledgeable they are on this field. Of course, if you have little to no idea, would be very hard for you to think what to do. In this case, you need to educate yourself and that will give you insights on how to do things and it will give you idea that it is not hard after all.

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May 26, 2024, 05:26:16 AM
 #63

Real investors don't think about luck, they work hard to reach their goal and spend money thinking that they surely get something in return. But gamblers, rely on luck and whatever they do, it won't change their position. Unlike investors, if they will work hard, and find good strategies and patience, they will take the rewards they deserve.

Don't think it is a challenge for them because if we choose this kind of life (a gambler or investor) it is not difficult for us to do things as needed. We can never find an excuse if we want something to get unless we are a lazy person who just wants an easy life. No Risk, NO gain.
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May 26, 2024, 07:53:40 AM
 #64

If you ask me, what is the hardest job? Then perhaps my answer will be the investment profession. It is a truly unique and harsh profession compared to other professions. Especially with Bitcoin and a volatile market like cryptocurrency.

You will see that every area of ​​life (sports, education, business, music, academics...) is a competition for rankings. But investing is completely different, it's not about how much money you make compared to those around you, it's a very unique profession, when what you fight for and win is not with others who join the market that is yourself. Win over yourself.

The challenge for Bitccion investors is not to try to find the best information the market has to offer, but to prevent themselves from being their own worst enemy - to prevent themselves from “restless”- buy and sell continuously

Restless busy has probably become an ingrained instinct in everyone's mind. A normal working person is too used to working 8 hours a day, their mind will always urge them to work. When you wake up and go to the company, you have to work. If you don't work with your hands, you work with your mind. You're always in a state of thinking or acting and you have to do this or that to make money. This makes them think that when they join the market, they You also have to work hard and hard to make money from the market. 
As I said, investing is a profession that is extremely different from other professions, especially with Bitcoin and the cryptocurrency market. The way legends make money is not mainly from buying and reselling transactions, but from "waiting".

Restless and waiting are two opposite things, and are also what help us distinguish between a true Bitcoin investor and a gambler.



An investor is a natural or legal person who allocates a share of available capital in the expectation of a return on investment.  He can thus invest in stocks, bonds and related rights, currencies, raw materials, real estate or any other asset.  An investor can invest without distinction in the primary market (newly issued securities) or in the secondary market (already issued securities), in securities of listed or unlisted companies.

 He can make his investments on a regulated market, for example a stock exchange, or even over-the-counter, on the unlisted securities market.  An investment has a variable duration depending on the initial investment objectives or the needs of the investor[1].  Unlike the speculator who seeks to take advantage of a fairly short market window, the investor invests for the long term with a view to managing his assets, or those for which he is responsible.

 Professional investors with a large financial base are called institutional investors; they are sometimes contrasted with individual investors, or small investors.
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May 26, 2024, 08:48:34 AM
 #65

The gambler's goal is to get dopamine, and the investor's goal is, on the contrary, to get Results without any emotions.
It is clear that a person is not a computer and even a calm investor will rejoice at the result, but he will always keep his sanity, preventing the transition to tilt. The investor does not care how quickly he gets the result, he is ready to wait patiently.

But gambler wants to feel emotions. Get the money as soon as possible and ... start playing them again. There is no ultimate goal at which he will stop in this game.

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May 26, 2024, 09:52:57 AM
 #66

If you ask me, what is the hardest job? Then perhaps my answer will be the investment profession. It is a truly unique and harsh profession compared to other professions. Especially with Bitcoin and a volatile market like cryptocurrency.

Nope I disagree with you about the idea that investment is the hardest job, not as a profession as strategy. It is the easiest job if you have knowledge about it. It just needs nothing but HODL! 
 
Anyway investment is easy when you have a proper awareness of things like knowledge, strategies, and experience as well as funds. So if you don't have it, I think you are right here that investment is the hardest job. Because if you don't have proper knowledge, then investment can be a gamble for you. Investment in Bitcoin is a complete department in which you should have need  to learn a full fil knowledge/awareness of market sentiment, if not then volatility can look like betting or gambling.

Investing is not the most difficult job but also not the easiest, if investing was easy, not many people would lose money and you have also seen many people who do not want to invest because it is too risky than you think. The financial market is considered an extremely fierce battlefield, the winners are small and the losers are the majority, so it cannot be said that investing is easy.

When you have knowledge and experience, it only helps you increase your chances of winning, but does not guarantee that if you have those factors, you will definitely win.

In general, making money is never easy whether it's investing or any job, and that's why the rich in the world only have a very difficult rate while the rest of the world still met alive in poverty.

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May 26, 2024, 10:42:04 AM
 #67

Investing is not the most difficult job but also not the easiest, if investing was easy, not many people would lose money and you have also seen many people who do not want to invest because it is too risky than you think. The financial market is considered an extremely fierce battlefield, the winners are small and the losers are the majority, so it cannot be said that investing is easy.
Investing is good to gain passive income but it is only easy for people who have knowledge about the market and investment principles, then can apply it to manage their capital well enough, and choose good assets for their portfolios. Lastly they need to be very disciplined with their investment and capital management strategies, understand the market psychology cycles.

It's easy for people who manage to do it well but it is difficult for people who can not do above things.

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When you have knowledge and experience, it only helps you increase your chances of winning, but does not guarantee that if you have those factors, you will definitely win.
There are people who win, people who lose money and in a same market, among many investors, there will be winners and losers. Not all investors will get profit because losers will do their capital management and portfolio management badly.

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In general, making money is never easy whether it's investing or any job, and that's why the rich in the world only have a very difficult rate while the rest of the world still met alive in poverty.
It's not easy but as said, if people can learn and apply good strategies, control themselves well, investment will become easy and will help them to get passive income, richer and have a more prosperous financial life.
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May 26, 2024, 11:35:53 AM
 #68

Looking at the title, I thought it was about people making investments without proper knowledge, making money, and soon losing it. This is a real gamble, and even now more people are doing it because they believe that the cryptocurrencies on the leading order will have at least a small variation in price regularly.
This is where the whole “cryptocurrencies are scams” ordeal came from.

People invest their money into crypto thinking it would give them easy profit. They think they don’t have to exert effort into it. Holding is just basically waiting but it is still accompanied by great knowledge and cautious planning.

The sooner people realize that investing in crypto isn’t all rainbows then they can properly learn about the risks and possible consequences and try their best to avoid making those mistakes
This is also because of the misleading posts on different social media sites that they see but it's also their fault of believing it immediately. Apart from investing, most of these posts are also about trading and it is not possible to slouch here but to simply have an effort is still not enough and including having a normal/common knowledge but we need an exceptional one.

It is okay to commit a mistake but it must not only be intentional and if we already follow the proper guidelines, the losses that we can get is for sure small only and not enough to shake us. This makes us to continue what we have started and master the game later on.

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May 26, 2024, 12:51:56 PM
 #69

Risk is indeed present with investments but it will never be the same as with gambling wherein one's luck and fate are the determinants of the outcome whether a gambler would win or lose. With investment, risk of losing is also there but manageable through market analysis and control of emotion. Declines and uptrends happen from time to time but if you know what you are dealing with, you'd figure out what's best to do in order to avoid loss. With Bitcoin investment, you could just invest and wait 'til the market price go up. The next thing to do is to control your emotion in particular with avoiding to panic selling. If you know how big its potential, you will be free of worries. In every dump, there will be a following recovery simply because there's demand and volume.

These things are simply and obviously separating Bitcoin investment from gambling activities and the concept itself.

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May 26, 2024, 02:22:25 PM
 #70

Well, religiously speaking, one is a sin and one is investing in freedom.

Otherwise, I'd have to say that you are referring to the notion that people see the "shit coins" like "pink sheets" from that wolf of wall street movie.

The pink sheet stocks were so shitty that investing on them was just gambling because you're casting many small nets hoping to catch a big fish.

The bluechip stuff in that movie, like apple microsoft etc, is like Bitcoin in this case.

bitcoin = bluechip (or THE bluechip lol)
crypto = pinksheets
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May 27, 2024, 03:49:22 AM
 #71


In general, making money is never easy whether it's investing or any job, and that's why the rich in the world only have a very difficult rate while the rest of the world still met alive in poverty.
It's not easy but as said, if people can learn and apply good strategies, control themselves well, investment will become easy and will help them to get passive income, richer and have a more prosperous financial life.

Not just in investing, any job or field, if you can learn, work hard and apply good strategies then you will make money. But between saying and doing there is a huge gap. Many people talk very well, but how many people can succeed when they start implementing their plans? Everyone knows investing is good and it can bring passive income, it sounds easy but how many people have done it so far, how many people are earning passive income by investing?

People always talk about passive income by investing, becoming rich and financially prosperous through investing, but I really want to know if it is that easy? How many people have done it and are you among them or are you still struggling with your plan?

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May 27, 2024, 08:11:59 AM
 #72

All jobs have their own level of difficulty. We cannot say that the investment profession is difficult because investing is not a job. It's like saving money, and we can think of it that way.

We save Bitcoin for a while until the price of Bitcoin rises high and we can sell it for a profit. A Bitcoin investor should not pay much attention to market conditions as he should only focus on buying and accumulating Bitcoins. He will buy Bitcoin when the price experiences a correction and hold it after getting Bitcoin.

Meanwhile, he can use his time to do more useful things. He can also look for other jobs that will give him more money. With the money he earns, he can increase his capital to buy Bitcoin as an investment.



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May 27, 2024, 02:26:41 PM
 #73

Meanwhile, he can use his time to do more useful things. He can also look for other jobs that will give him more money. With the money he earns, he can increase his capital to buy Bitcoin as an investment.
Invested money requires you to be patient so it would help if your income does not only come from your investment. It would help your attention to be diverted and lets you leave the bitcoin alone. It would be better if we found more productive ways to earn more money and it does not necessarily have to be outside bitcoin field.

There are multiple ways to actively earn from cryptocurrencies. Not just through investing so this just shows how vast the cryptocurrency is becoming nowadays









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May 28, 2024, 12:25:54 AM
 #74

There's a big difference between a gambler and a Bitcoin investor; in gambling, there's so much risk involved.

Gamblers rely on luck and chance, and their approach and mindset are different from those of a Bitcoin investor.
When playing bets, they go for short-term gain but very high risk, while Bitcoin investors engage in
cryptocurrency with a long-term perspective and exercise much patience.

Bitcoin investors analyze trends, the potential growth of Bitcoin, and technology.

Investors make decisions based on analysis, not on luck. 
Also, there are more risk factors or disadvantages to gambling, such as gambling addiction, debt, and losing money frequently due to the unpredictable nature of gambling and its effects on mental health, relationships, and overall well-being.
Bitcoin investments and gambling are two worlds,typically,its the narrative that people have about this terms that makes it relevant or irrelevant.
Imagine the  two daughters of a prominent,influential and famous bitcoin user,investor are trying to introduce their boyfriends to their dad.Using this way,the first one introduces him as gambler,while the second daughter introduces him as an investor.Who do you think the father will regard more,its the investor..

Basically,gambling and investing are two different things,a gambler can also be an investor at the same time.In gambling,you don't apply the ultimate practices and steps towards making or choosing the rich options for your finances.investing involves making much more informed decisions about the market with respect to risks management,time and cash flow.

Gambling is not a good alternative for accumulating wealth or building up your finances.Gambling entails strange strategies that'll either cause you to gain or loss.There are only lucky gamblers,therefore,good investors  come out from daily research and knowledge.

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May 28, 2024, 02:14:50 AM
 #75

Meanwhile, he can use his time to do more useful things. He can also look for other jobs that will give him more money. With the money he earns, he can increase his capital to buy Bitcoin as an investment.
Invested money requires you to be patient so it would help if your income does not only come from your investment. It would help your attention to be diverted and lets you leave the bitcoin alone. It would be better if we found more productive ways to earn more money and it does not necessarily have to be outside bitcoin field.

There are multiple ways to actively earn from cryptocurrencies. Not just through investing so this just shows how vast the cryptocurrency is becoming nowadays
When someone makes an investment, of course they have to be able to hold the investment they are running until the investment target they are running is achieved, so if we only rely on income from investment, of course this is not possible, of course we have to have another source of income so that we can run the investment. we do this to achieve the investment target that we make. If we want a way to earn income from Bitcoin, of course you have to be able to trade, but I think this has a greater risk than investing.
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May 28, 2024, 04:07:48 AM
 #76

If you ask me, what is the hardest job? Then perhaps my answer will be the investment profession. It is a truly unique and harsh profession compared to other professions. Especially with Bitcoin and a volatile market like cryptocurrency.

It's actually much simpler when you understand how to invest and Bitcoin has a repeating cycle which means we only need to wait for the process to increase to the price we want. These difficulties are caused by wrong knowledge and we are too panicked about the decline.

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You will see that every area of ​​life (sports, education, business, music, academics...) is a competition for rankings. But investing is completely different, it's not about how much money you make compared to those around you, it's a very unique profession, when what you fight for and win is not with others who join the market that is yourself. Win over yourself.
There is a level where humans have choices in life and we usually choose the easiest path to achieve what we want. On a simpler scale, we strive to achieve a good life, but sometimes we forget how to get it.
There is no promotion that is fun without knowledge because we will never have enough, how can anyone reach the stage of success if they don't have knowledge when running. Life is not just about money, but money is needed to make life better.

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May 28, 2024, 04:15:14 AM
 #77

The big difference is that investing doesn't guarantee you a total loss, the price of bitcoin will go down but if you plan to get it out right now, you would still be doing fine with your money albeit there's losses but with gambling, it's over once the result is visible, no take backs and no small losses or percentage losses, just straight up losses and in gambling, the loss is inevitable per game, the win might not even happen in one of the times that you're gambling.
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May 28, 2024, 04:23:51 AM
 #78

Meanwhile, he can use his time to do more useful things. He can also look for other jobs that will give him more money. With the money he earns, he can increase his capital to buy Bitcoin as an investment.
Invested money requires you to be patient so it would help if your income does not only come from your investment. It would help your attention to be diverted and lets you leave the bitcoin alone. It would be better if we found more productive ways to earn more money and it does not necessarily have to be outside bitcoin field.

There are multiple ways to actively earn from cryptocurrencies. Not just through investing so this just shows how vast the cryptocurrency is becoming nowadays
You are right because income from other sources will not disturb our investments. Our plans can run well, and we can still meet our daily needs. This will clearly help us develop our investments so that we can gain profits in the future.

There are many ways to earn additional income. Cryptocurrency can help us make investments that are truly different from other investments. We can also try to trade to earn additional income.

If we can learn ways to provide that extra income, it's not gambling, and we actually know how to get it. If we can gain the ability to trade, we can definitely earn income. But everything requires a desire to learn it.



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May 28, 2024, 04:28:48 AM
 #79

All jobs have their own level of difficulty. We cannot say that the investment profession is difficult because investing is not a job. It's like saving money, and we can think of it that way.

We save Bitcoin for a while until the price of Bitcoin rises high and we can sell it for a profit. A Bitcoin investor should not pay much attention to market conditions as he should only focus on buying and accumulating Bitcoins. He will buy Bitcoin when the price experiences a correction and hold it after getting Bitcoin.

Meanwhile, he can use his time to do more useful things. He can also look for other jobs that will give him more money. With the money he earns, he can increase his capital to buy Bitcoin as an investment.

I think whether investing is a job or saving depends on each person's thinking. I never considered investing in bitcoin as saving because investing has risk, meaning we can gain or lose while saving will not incur loss. What you are talking about is investing using the DCA strategy, not saving because bitcoin is unpredictable, it can continue to increase but can also plummet at any time. The future is unpredictable, let's not be too subjective that bitcoin will only increase over time without any risks.

Business is also a job, and I think investing and business have many similarities, so investing is also a job, which is more appropriate than considering investing as saving.

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May 28, 2024, 09:54:49 AM
 #80

All jobs have their own level of difficulty. We cannot say that the investment profession is difficult because investing is not a job. It's like saving money, and we can think of it that way.

We save Bitcoin for a while until the price of Bitcoin rises high and we can sell it for a profit. A Bitcoin investor should not pay much attention to market conditions as he should only focus on buying and accumulating Bitcoins. He will buy Bitcoin when the price experiences a correction and hold it after getting Bitcoin.

Meanwhile, he can use his time to do more useful things. He can also look for other jobs that will give him more money. With the money he earns, he can increase his capital to buy Bitcoin as an investment.

You mentioned some of the sensible things to do when investing in Bitcoin. I agree with you on this. Since the economic power and life of every investor is not the same, it can be difficult to realize what you say. Everyone wants to wait for the target price to come after investing, but sometimes we may have to cash out our investments. In both cases, it is the Bitcoin investor who continues his investment and has to cancel his investment due to a compulsory situation.

I can say that the difference between gamblers and real Bitcoin investors is that they do not treat Bitcoin as if they were gambling and do not think about making big profits in the short term.

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