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Author Topic: Gambling or short term crypto investment !  (Read 1177 times)

Offline 0t3p0t

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Re: Gambling or short term crypto investment !
« Reply #15 on: September 10, 2024, 09:20:23 PM »
Gambling and short-term crypto investment share in common where they take risks where you can gain or lose money. Gambling is a form of entertainment where you bet money to earn and double money in return through casino games. slot games. sports bet, etc. Short-term crypto investment involves buying and selling cryptocurrencies to make a profit within a relatively short period. if I were to choose I would go to gambling but I would do sports betting. I have more chance to win because I can analyze the game to make predictions.
Trading requires expertise and skills to gain profit while gambling requires luck so we can really differentiate which we are gonna prioritize though this depends on what activity are we interested in whether trading or gambling but for me personally I would prefer trading.

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Re: Gambling or short term crypto investment !
« Reply #15 on: September 10, 2024, 09:20:23 PM »

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Offline Crypto Library

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Re: Gambling or short term crypto investment !
« Reply #16 on: September 10, 2024, 11:17:43 PM »
Gambling and short-term crypto investment share in common where they take risks where you can gain or lose money. Gambling is a form of entertainment where you bet money to earn and double money in return through casino games. slot games. sports bet, etc. Short-term crypto investment involves buying and selling cryptocurrencies to make a profit within a relatively short period. if I were to choose I would go to gambling but I would do sports betting. I have more chance to win because I can analyze the game to make predictions.
It used to amaze me and still amazes me with these topics that people still compare trading with gambling.  I agree that trading without trading analysis skills is like gambling.  But trading through proper analysis cannot be compared to gambling in any way.
And one more thing you have already mentioned that gambling is an entertainment purpose it can never be a serious investment like trading.

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Re: Gambling or short term crypto investment !
« Reply #16 on: September 10, 2024, 11:17:43 PM »

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Offline sampoerna

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Re: Gambling or short term crypto investment !
« Reply #17 on: September 10, 2024, 11:35:14 PM »
It really depends on how we invest. What might be similar to gambling is trading in the Future market without good knowledge and just relying on luck. This looks more like gambling.

However, if it is a short investment, I don't think so, as long as we can optimize our analysis in choosing coins and also their rates. especially if this is an investment, not trading in the future. So, even if the price drops at a certain point, our assets will not be lost, only the value will decrease, and because it is an investment, we can still wait for it to go up again.

Unlike gambling when it's time, well, if we lose, it's gone, if we win, we get money. Likewise with Future trading, if it gets liquid, it will run out after a while.

So before implementing a short investment period, we must also analyze first, choose coins that are not just hype. so that the coins will still have a chance to survive whatever the market conditions. And one more thing, don't be easily provoked to panic and sell off the assets when the market is down. This will have a bad impact on our investment.
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Offline Rruchi man

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Re: Gambling or short term crypto investment !
« Reply #18 on: September 11, 2024, 08:37:30 AM »
~
Short-term investments can even be more profitable than gambling because the two are not in the same line. Gambling is more for entertainment and with an opportunity to make money, but there is no fun with short-term investments, just mostly the satisfaction that it can give you that you are planning for the near future. There is nothing that should stop you from investing if you gamble or from gambling if you invest. You can do both, but always try to invest more amount of money than you gamble with.
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Offline koang

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Re: Gambling or short term crypto investment !
« Reply #19 on: September 11, 2024, 09:51:22 AM »
Here we go again... compare short-term investing to gambling. lol

Investment is an investment, either short-term or long-term.
Investment is about financial education where one of the lessons taught is to rely on various financial instruments to generate profits to achieve our financial goals, there is no luck factor here.
And gambling? You know lah...

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Re: Gambling or short term crypto investment !
« Reply #20 on: September 11, 2024, 05:49:28 PM »
If you are talking about trading, it is very risky like gambling but the difference is that trading is a skill and not based on luck. Whereas, gambling is based majorly on luck but it is a means of entertainment and stress relief but people takes it to be a profitable activity. If you are lucky as a short-term hodler to buy bitcoin and within a short period of time, the price shoots up, you can sell and take profit but if the price goes against you, it becomes emotional and if gou sell by then, you are at loss.

Offline $crypto$

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Re: Gambling or short term crypto investment !
« Reply #21 on: September 12, 2024, 06:03:49 PM »
If you are talking about trading, it is very risky like gambling but the difference is that trading is a skill and not based on luck. Whereas, gambling is based majorly on luck but it is a means of entertainment and stress relief but people takes it to be a profitable activity. If you are lucky as a short-term hodler to buy bitcoin and within a short period of time, the price shoots up, you can sell and take profit but if the price goes against you, it becomes emotional and if gou sell by then, you are at loss.
What will make trading and gambling the same is when they do it without knowledge, while those who trade with knowledge, then it is not the same as gambling.

This is actually what makes many people go astray, they think trading is easy so they will do it without thinking and without being equipped with knowledge. When they lose some money, they will say trading is the same as gambling. They generalize something they don't understand.

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Re: Gambling or short term crypto investment !
« Reply #21 on: September 12, 2024, 06:03:49 PM »


Offline robelneo

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Re: Gambling or short term crypto investment !
« Reply #22 on: September 12, 2024, 07:55:16 PM »
Many people compare short-term investing to gambling, which leaves me wondering how true this really is. But I am not willing to compare short term investing with gambling.


Short term investing,, when done properly, is profitable, but when done without doing research, it constitutes gambling, but investors should invest or use money that they can afford to lose.

In someway they are different and in someway they are the same, it depends on how the investor or gambler treats these two and what their goals are.
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Offline salad daging

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Re: Gambling or short term crypto investment !
« Reply #23 on: September 12, 2024, 08:06:20 PM »
So this cannot be compared to gambling and short-term investment. What do you mean by short-term investment is at least 6 months? Or is it just short-term trading?

If we are referring to income then of course for example short-term trading you can make a profit there although there is a risk but not as big as gambling where you are likely to lose everything, whereas trading is not, if you have the skills you can target profits in the short term that you do.

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Re: Gambling or short term crypto investment !
« Reply #24 on: September 12, 2024, 08:26:21 PM »
I recently had a fight with a friend because he said that trading is no different from betting or gambling. But in my opinion, this is not true at all! Trading is not addictive, you can manage your trading position there. That is why my choice is always trading, and only on Bitcoin. It has become quite interesting and volatile.
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Re: Gambling or short term crypto investment !
« Reply #25 on: September 12, 2024, 09:31:53 PM »
In conclusion I can say that gambling is one of the means of entertainment and it is not only a means of earning money as many try to present it differently. On the other hand, short-term or trading is a popular way of making money that keeps money flowing in the market.

There is nothing entertaining about gambling unless you are making money from it else the only thing that will be showing on your face is debt and debt couple with addiction to make the money back. However, I will not advise anyone to gamble in replacement of short term crypto investment, if there is no profit to be made, keep your money or use it for something important.

I don't think it's even wise to use gambling as an alternative of making money even though it's obvious money making but the risk involved doesn't guarantee any money. Crypto investment atleast is even better whether it's short or long term.
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Re: Gambling or short term crypto investment !
« Reply #26 on: September 12, 2024, 09:35:05 PM »
If I am basing my decision on your subject, I think I would choose to gamble if it is just for the short term. Gambling solves a lot in the short term, in my opinion, because it is so fast, and you could really win easily if you are lucky.

If I look in the long run, I think it is better to invest in cryptocurrency, but take note that it is not for the short term like in your subject. It should always be a long-term thing, like any other investment, and you shouldn’t expect instant return or profit.
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Re: Gambling or short term crypto investment !
« Reply #27 on: September 12, 2024, 09:52:34 PM »
Gambling and trading is not same. Gambling is a place of entertainment but trading is a source of income. you can also get money from gambling by winning your bet but it is very risky and if you get addicted on gambling then you will lost your normal behover and lost your financial Waight. Short time trading or day trading is risky but not as risky as gambling.  So if compare with gambling and short term trading then I will support trading. but if you want to get fun then gambling is for you
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Re: Gambling or short term crypto investment !
« Reply #28 on: September 13, 2024, 08:38:47 PM »
Gambling and trading is not same. Gambling is a place of entertainment but trading is a source of income. you can also get money from gambling by winning your bet but it is very risky and if you get addicted on gambling then you will lost your normal behover and lost your financial Waight. Short time trading or day trading is risky but not as risky as gambling.  So if compare with gambling and short term trading then I will support trading. but if you want to get fun then gambling is for you

You gave me a great idea that the terms perfectly reflect the meaning of money in casinos and in trading. Now I will explain. If someone made a Profit in betting or casino, then he Won this money. And if someone made a Profit in trading, then he Earned this money. And this completely reflects the truth. And I agree with such terminologies and their meanings.
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Re: Gambling or short term crypto investment !
« Reply #29 on: September 13, 2024, 11:24:40 PM »
If I am basing my decision on your subject, I think I would choose to gamble if it is just for the short term. Gambling solves a lot in the short term, in my opinion, because it is so fast, and you could really win easily if you are lucky.

If I look in the long run, I think it is better to invest in cryptocurrency, but take note that it is not for the short term like in your subject. It should always be a long-term thing, like any other investment, and you shouldn’t expect instant return or profit.

It's just hard to depend on gambling though, specially luck base game for the money that you are looking for. Yeah, if you won, then good for you problem solved, but if you completely lose all the money, then you might have regretted your decision to gamble after all and target the money that you wanted.

So there are pros/cons, but for the conservative, then they might go short term trading, but their is also the catch, that if you are uneducated about trading, then you might also lose money in the beginning.
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MIX.NOW
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