The difference between gamblers and real Bitcoin investors?

[wxa7115]

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.

Very good post and I could not agree more with it, people are too used to do something to solve their problems, not realizing that when it comes to investing doing absolutely nothing not only could be the best move you have available, sometimes it is the only one that does not make you to lose any money.

However many traders are unable to let go of those tendencies, causing them to overtrade and lose way more money than if they just decided to do nothing and hold their coins.

[Roseline492]

IMO bitcoin is an asset and can be approached as such, what i see as gambling is when people rush into it just for profit sake and end up screwing themselves up by think in short term and maybe they enter because if FOMO and if bitcoin drops in price they lose some value in their money and end up leaving with a lose.

Of course you are right, in terms of Bitcoin investment most people have there motive of coming in and like you mentioned some people come in base on the fear that the price might increases in such a way that they will no longer be able to accumulate the way they will do when the price is still affordable, while some persons rushed into Bitcoin investment do to the fact that since there friends has gotten a huge amount of Bitcoin they will also invest aggressively so that they can meet up with the number of year they have missed without knowing that they are actually gambling with there investment, one thing about gambling with investment is that no matter how long you initially intend to hold your investment the moment you ran out of funds you are likely to panic and sell most of your investment and sometimes you could sell in lose.

[Marvell1]

Gamblers didn't trust the assets, while investors trust what they pick.

It's why gamblers like to buy and sell the assets in short time, then convert it to fiat.

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.

Investors aren't working hard, they already know the assets they want to invest and they will sell in the future, unlike trading where they need to work and read the chart before make a decision. This is actually the reason why people choose become investors, because it doesn't make them to check and think about their wealth for short time interval.

I believe that's your own opinion on this because I feel the sense to believe that most people are of short term trading than holding up their assets for hold and that's because of the fact that most human beings today are off the nature of the inability to wait or persevere. Long term isn't all that easy like pie the way some persons put because it requires some level of discipline and patience knowing fully well that your whole load of assets is somewhere and you are of the inability to assess it till a specific speculated time.

And what you say is not necessarily completely correct, I can say that it depends on the person. As I see on our forum, holders are the majority while traders are the minority. Most of the people here are aware of the risks in trading, they are holders and that is why if you are involved in a discussion on the topic of choosing between trading or investing. You will see people always giving advice to only hold for the long term, and limit or stay away from trading.

I agree that long term holding is not as easy as many people are saying but it is clearly easier to profit from it than trading. Making money has never been easier from outside work or in the financial markets.

[Sonia_123]

Bitcoin real investor are not bordered with the ups and downs in the market because they have faith in their investment since they are focus and have a target , real investor are sure that their money which they invest will always yield profit,  they are always steady in the market he his proud of the future. The real bitcoin investor,invest for long term without minding the huddles .
A gambler in Bitcoin is always looking for a means to sell whenever the price of Bitcoin goes slightly up ,he does not what to invest for too long,any little discomfort or drop in market price his out.
As an investor one needs to expect ups and downs in your business, for that is what will show how serious and ready you are to invest .

[Gaza13]

There may be many differences between a Bitcoin investor and a gambler but I will point out one similarity between a Bitcoin investor and a gambler is that both gamblers and investors are in risky business. An investor can easily refrain from investing if he wants and can invest in the market as per his will but a gambler cannot easily refrain from gambling.

What you say is exactly right, even though both can make money, there are only a lot of differences. An investor doesn't look for profit at that time, he thinks about his future, how he waits a long time to get optimal results, so he does it by investing. Usually. Many gamblers or those who are addicted, of course find it hard to stop themselves, they will definitely continue to look for money and play again at the gambling table and look for luck in every round at the gambling table.

[Yukyzu]

There may be many differences between a Bitcoin investor and a gambler but I will point out one similarity between a Bitcoin investor and a gambler is that both gamblers and investors are in risky business. An investor can easily refrain from investing if he wants and can invest in the market as per his will but a gambler cannot easily refrain from gambling.

What you say is exactly right, even though both can make money, there are only a lot of differences. An investor doesn't look for profit at that time, he thinks about his future, how he waits a long time to get optimal results, so he does it by investing. Usually. Many gamblers or those who are addicted, of course find it hard to stop themselves, they will definitely continue to look for money and play again at the gambling table and look for luck in every round at the gambling table.

Yes, you are right, an investor doesn't just make a profit at that moment, but they have a plan in the long term to still be able to make a profit and they will be able to survive because they have good knowledge about the assets they are investing in. Gamblers certainly don't have a plan. in gambling and they only bet in the hope that they will be able to win from the games they play and it is not certain that they will be able to win the bets they place.

[Uhwuchukwu53]

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.

Real facts comparison of real investor on Bitcoin and gambler to me may not corrolate because this investor has different view and gambler also , look at the area of timing apart from luck which gamble is based on investor spend quality time of waiting to see the maturity of their investment for instance those with long term which gambler can't as the time frame is very short. the risk management it's very hard to control the risk in gambling compare that if Bitcoin investment the major risk in Bitcoin is a popular know risk know as volatile which always don't act as threat to mist investor but gambling one can't calculate as it's pure a luck situation, I don't see them as something to corrolate.

[Hopila]

Well the context for me it's kind of dicey, looking at how you started it. However,the difference between gamblers and a real Bitcoin investor lie's in their motivation, strategies, and approach to risk.

Now gamblers are primarily motivated by the excitement of taking risk and  the potential for quick and substantial gain.their interest basically is always on short-term  outcomes.which I think is not a good idea for a real Bitcoin investor.the major focus of a gambula is often base on luck and their strategies is mostly base on random outcome and do not involve through research.

For me as a real Bitcoin investor, your expected to see Bitcoin as a store value  and equally engage more on research, analyze the market trends

Just  to add, the real Bitcoin investor the have a strathtegic approach to investing and often employ risk management technique's. So I think the different is more or less huge

[0t3p0t]

Risk is for me the only thing they had similarities. Gamblers purely relies on luck while investors has working and profitable strategies with just a small percentage of luck to make gains and I don't see gambling as profitable as well based on my experiences. Good fortune in gambling is one in a million but with investment it's common especially to those highly skilled and professional investors.

[bitgolden]

that's because of the fact that most human beings today are off the nature of the inability to wait or persevere.

I think we all should try to remind ourselves of our goals in order to prevent ourselves from getting side-tracked. It might be hard to control and discipline ourselves especially when money is involved but I believe being able to keep focus and be oriented can help us.

Yes, a lot of people set out to do one thing, but get confused along the way and try to do something else and the result isn't always that great, so we end up with nothing at all. I believe that we need to make sure that we are dealing with it just fine, and shouldn't really be going any direction aside from what we started at the first place. Of course it is not always that easy, but we need to realize that it can be done, and we could do fine about it.

This won't be easy, because along the way there will be a lot of distractions that will try to sway us from what we set out to do, but if we can just ignore and block out all of those distractions then we can keep our situation going like we started and be a lot more successful eventually.

[Blitzboy]

Its not about quick thrills or slot machine trading in Bitcoin. It takes patience and discipline to weather storms and stick to your long-term goals. In crypto, I've seen many people come and leave. Some get lucky, some get burnt, but the ones who succeed recognize that Bitcoin is an evolution in money and finance, not just a digital asset.

Real Bitcoin investors, those in it for the long haul, dont care about price volatility. They recognize that true wealth is produced over time via cautious planning and unshakable technical faith. If you're considering Bitcoin, understand that its not about getting rich fast. Being part of something that could alter the world is important. That, my friends, is worth more than short-term gain.

[GigaBit]

Investors who invest in Bitcoin to grow their wealth quickly will never achieve that success from Bitcoin. To invest in Bitcoin and profit from it, an investor must make a long-term plan to invest in Bitcoin. Bitcoin is not a quick money making machine. But those who can think far-reaching about Bitcoin can definitely get an opportunity to realize their dreams from Bitcoin.

Many of those who invested and held Bitcoin in the past did not make significant gains from Bitcoin but there are many who made a small investment but managed to make huge gains today by holding it. There are many who held on for a few days and many who profited by selling Bitcoin after it peaked. But there are still many investors who dream to realize bigger dreams.

[Z_MBFM]

Bitcoin investment and gambling are two non corelevant axis as gambling is way too risky and it's pure luck and sometimes betting is involved which includes bookies and basically one person's gain would be other person's loss but Bitcoin investment is just like any other traditional investment but more volatile compared to other assets like gold and real estate and also it requires proper analysis about the entry and exit point.

Gambling is completely a matter of luck and at the same time, one common thing that can be noticed among those who gamble is that they want to win big very quickly. They have little patience due to which they quickly panic. And real Bitcoin investors always prefer long-term holdings. And they patiently hold bitcoins for a long time. There are many differences between gambling and real bitcoin bitcoin investors. one is bad addiction, the other is to build wealth.  One leads to financial loss and the other leads to financial improvement.

[Yamifoud]

Gamblers didn't trust the assets, while investors trust what they pick.

It's why gamblers like to buy and sell the assets in short time, then convert it to fiat.

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.

Investors aren't working hard, they already know the assets they want to invest and they will sell in the future, unlike trading where they need to work and read the chart before make a decision. This is actually the reason why people choose become investors, because it doesn't make them to check and think about their wealth for short time interval.

I believe that's your own opinion on this because I feel the sense to believe that most people are of short term trading than holding up their assets for hold and that's because of the fact that most human beings today are off the nature of the inability to wait or persevere. Long term isn't all that easy like pie the way some persons put because it requires some level of discipline and patience knowing fully well that your whole load of assets is somewhere and you are of the inability to assess it till a specific speculated time.

And what you say is not necessarily completely correct, I can say that it depends on the person. As I see on our forum, holders are the majority while traders are the minority. Most of the people here are aware of the risks in trading, they are holders and that is why if you are involved in a discussion on the topic of choosing between trading or investing. You will see people always giving advice to only hold for the long term, and limit or stay away from trading.

I agree that long term holding is not as easy as many people are saying but it is clearly easier to profit from it than trading. Making money has never been easier from outside work or in the financial markets.

This completely says that people will choose whether to trade or invest depending on their interests and views. And we know that more people are into investing (holding their funds) rather than taking more risk through trading. This will point out how people consider their risk appetite and believe what they think is right. Some people got into trading thinking that this could make them rich instantly but unfortunately, they were wrong because it won't work for everyone especially if we don't have the characteristic of being a trader. It also applies to investing but at least, it is a little easier for us to correct without losing a lot than trading.

[God bless u]

Did I miss anything? What is the correlation of your title to the actual context of the post?

Gambling is not even a profession and you open this post asking what is the best profession out there is for you.

You are correct however when you say that investing in bitcoin is a waiting game and as easy as that sounds, people actually has a hard time doing just that. They want to take profit as soon as possible but for us patience is a virtue and it will pay off soon enough.

This has no correlation, the title “bitcoin gambling and Investing” but the context is investing as a job is a little confusing. Lol

We know gambling is completely different from investing even with futures trading they think it's different.

Don't make bitcoin investment as a job for OP anyone in investing while working you don't need to monitor the market because investment is long-term in nature, just buy and then save it is enough and set your selling target in the future.

I concur to this op is deraying from two things gambling is a gambler which fun in making despite money been attached as some use it as means of investment and making money, Bitcoin strictly is not gambling but a kind of investment that require once knowledge and patience  mostly when it comes to do with long time holding beside it's not quick to get rich process like many gamblers see gambling as quick to get rich another aspects is that the rate of losses involved in gambling even with good knowledge can't be in Bitcoin if their is a good knowledge of the investor for me I see this two things as something that has no comparison.

I think that's a good point that there is a big difference of knowledge between them as you all know that in crypto we need to learn many steps and techniques to study the behaviour of different project and their graphs and to analyse our investments.

While in gambling you just blindly trust your fortune and you play a bet on something. In gambling you don't know what the output will be but in trading if you're skillfull enough you'll be close to the output.

[btc78]

I think that's a good point that there is a big difference of knowledge between them as you all know that in crypto we need to learn many steps and techniques to study the behaviour of different project and their graphs and to analyse our investments.

While in gambling you just blindly trust your fortune and you play a bet on something. In gambling you don't know what the output will be but in trading if you're skillfull enough you'll be close to the output.

I think participating in crypto related activities can turn into gambling when you don’t have enough knowledge. I think that’s just the line that separates the two. If you don’t study the risks enough and you just jump on the situation without proper understanding then you are just hoping for some luck there.

[kentrolla]

Investors who invest in Bitcoin to grow their wealth quickly will never achieve that success from Bitcoin. To invest in Bitcoin and profit from it, an investor must make a long-term plan to invest in Bitcoin. Bitcoin is not a quick money making machine. But those who can think far-reaching about Bitcoin can definitely get an opportunity to realize their dreams from Bitcoin.

Many of those who invested and held Bitcoin in the past did not make significant gains from Bitcoin but there are many who made a small investment but managed to make huge gains today by holding it. There are many who held on for a few days and many who profited by selling Bitcoin after it peaked. But there are still many investors who dream to realize bigger dreams.

Yes and in other words I would say those who have a plan and are willing to wait for an extended period of time for gain are Bitcoin investors as they know they will get profit and have a clear plan when they want to cash out while gamblers look for quick profit and mostly short terms dn I would say Bitcoin is not for gamblers rather memecoins or shit coins would be perfect for gamblers as they don't have strategy but pure gamble.

[avp2306]

I think that's a good point that there is a big difference of knowledge between them as you all know that in crypto we need to learn many steps and techniques to study the behaviour of different project and their graphs and to analyse our investments.

While in gambling you just blindly trust your fortune and you play a bet on something. In gambling you don't know what the output will be but in trading if you're skillfull enough you'll be close to the output.

I think participating in crypto related activities can turn into gambling when you don’t have enough knowledge. I think that’s just the line that separates the two. If you don’t study the risks enough and you just jump on the situation without proper understanding then you are just hoping for some luck there.

Yes that it is since they provably rely only on luck to earn especially if they seek for immediate profit with it. But if they seek for more learnings and think about long term with bitcoin then this became an investment which is more ideal for people to think about since they can lessen the risk compare if they rely on something unsure to them.

This is why people which is interested about bitcoin should do a research and they don't skip any important matter that they need go thru since if they can able to asses the risk and know how to handle the market stress brought fuds and any other factor then provably they might change their perspective that bitcoin is risky asset to accumulate or decide to hold for long time. Hoping for luck is bad thinking about it but rather constant acquiring knowledge can help them get more higher chance to gain from bitcoin and that what makes you a real investor not a gambler.

[legendbtc]

I think that's a good point that there is a big difference of knowledge between them as you all know that in crypto we need to learn many steps and techniques to study the behaviour of different project and their graphs and to analyse our investments.

While in gambling you just blindly trust your fortune and you play a bet on something. In gambling you don't know what the output will be but in trading if you're skillfull enough you'll be close to the output.

I think participating in crypto related activities can turn into gambling when you don’t have enough knowledge. I think that’s just the line that separates the two. If you don’t study the risks enough and you just jump on the situation without proper understanding then you are just hoping for some luck there.

The line between gambling and investing is really thin, not only with cryptocurrency but with any investment if we don't have knowledge about it but invest blindly and wait for lucky no different from gambling. That's why I don't like to give investment advice to anyone and instead if someone asks me about bitcoin, I usually just give them the basics of bitcoin and I want them to do their research everything before discussing investment with them.

There are many people who give investment advice and rush to force others to invest in bitcoin while those people are even very vague about bitcoin. That makes me feel like we're just teaching them to gamble and not actually invest.

Bitcoin is a very risky investment, so don't rush to invest if you still don't understand it, and it's never too late to invest in bitcoin, don't think there won't be enough bitcoin for us so don't invest without knowledge. Knowledge is something that needs to be prioritized above all else when we talk about investing.

[Magic-Money]

Bitcoin is a passive income where you buy and hold for a long term and is good to have another source of income where your daily breads come from. Because, base on Bitcoin investment as a person depending on Bitcoin as a means of surviving keep making the person leaving under pressure of gambling and it see as game of win or lose as simple call a daily traders are passing through.