What aspect of Crypto is likely gambling?

[Roseline492]

The Crypto industry is a very large space with different ways to enrich it's users which most of us here knows about. I once read a post concerning how we could make money in the Crypto world and various thoughts from different users triggered me to create this topic What aspect of Crypto is likely Gambling?

Most individuals compares crypto trading to Gambling, others compares crypto airdrops (P2E, A.K.A Tap-Tap) to gambling. While some still compare the likes of presales, ICO's, Investing in memecoins, pump and dump schemes etc to gambling.

Though most users do their personal comparison but in this present, what aspect of Crypto can be equated to gambling?

Your thoughts.

A lot of things has a touch of gambling on it, buying cryptocurrency you don't no anything about is gambling because they can close down with every penny you have on it, the overall of all is the trading, though I don't no between buying non listed coins and traders who are the most risky ones because this one also has a high risk because you can buy and wait forever and nothing will be done by the company in respect to the development of the project, so actually all of them are risky but some are minimal, so is left for somebody to decide weather to avoid all the risk or take one.

[libert19]

The Crypto industry is a very large space with different ways to enrich it's users which most of us here knows about. I once read a post concerning how we could make money in the Crypto world and various thoughts from different users triggered me to create this topic What aspect of Crypto is likely Gambling?

Most individuals compares crypto trading to Gambling, others compares crypto airdrops (P2E, A.K.A Tap-Tap) to gambling. While some still compare the likes of presales, ICO's, Investing in memecoins, pump and dump schemes etc to gambling.

Though most users do their personal comparison but in this present, what aspect of Crypto can be equated to gambling?

Your thoughts.

Everything you have mentioned is gambling indeed. Other I would personally add is altcoins bounty hunting, I have done plenty bounties over the years and handful of them were worth it, while most weren't.

[Gposas]

The Crypto industry is a very large space with different ways to enrich it's users which most of us here knows about. I once read a post concerning how we could make money in the Crypto world and various thoughts from different users triggered me to create this topic What aspect of Crypto is likely Gambling?

Most individuals compares crypto trading to Gambling, others compares crypto airdrops (P2E, A.K.A Tap-Tap) to gambling. While some still compare the likes of presales, ICO's, Investing in memecoins, pump and dump schemes etc to gambling.

Though most users do their personal comparison but in this present, what aspect of Crypto can be equated to gambling?

Your thoughts.

Everything you have mentioned is gambling indeed. Other I would personally add is altcoins bounty hunting, I have done plenty bounties over the years and handful of them were worth it, while most weren't.

Hahaha, I forgot to add that too... I have participated in some Altcoins Bounty but I've never gotten anything from them and there are no more Bounty projects presently like before mainly because of scams and trust issues.

Altcoins Bounty is indeed to be compared to gambling, more like these Airdrops and P2E games wasting much time making and submitting weekly posts and at the end it's all worthless.

[Blaze]

The Crypto industry is a very large space with different ways to enrich it's users which most of us here knows about. I once read a post concerning how we could make money in the Crypto world and various thoughts from different users triggered me to create this topic What aspect of Crypto is likely Gambling?

Most individuals compares crypto trading to Gambling, others compares crypto airdrops (P2E, A.K.A Tap-Tap) to gambling. While some still compare the likes of presales, ICO's, Investing in memecoins, pump and dump schemes etc to gambling.

Though most users do their personal comparison but in this present, what aspect of Crypto can be equated to gambling?

Your thoughts.

Everything you have mentioned is gambling indeed. Other I would personally add is altcoins bounty hunting, I have done plenty bounties over the years and handful of them were worth it, while most weren't.

I agree that most bounties are not worth the effort. I also feel this is a hard but important learning experience. Here you are not only looking for profit but likewise knowing which projects are actually good and which are just a gimmick. It isn't gambling because in gambling, you have no control of the outcome of the event, with bounties though you have the option to choose, not to join what questionable projects you see, we can study the team, and we can look at value. Once you approach it as an exercise of filtering and developing your intuition, in fact, it’s more about the excitement of the adventure than just chasing coins. You can gain a provision that is much more valuable but may not always be great results.

[libert19]

The Crypto industry is a very large space with different ways to enrich it's users which most of us here knows about. I once read a post concerning how we could make money in the Crypto world and various thoughts from different users triggered me to create this topic What aspect of Crypto is likely Gambling?

Most individuals compares crypto trading to Gambling, others compares crypto airdrops (P2E, A.K.A Tap-Tap) to gambling. While some still compare the likes of presales, ICO's, Investing in memecoins, pump and dump schemes etc to gambling.

Though most users do their personal comparison but in this present, what aspect of Crypto can be equated to gambling?

Your thoughts.

Everything you have mentioned is gambling indeed. Other I would personally add is altcoins bounty hunting, I have done plenty bounties over the years and handful of them were worth it, while most weren't.

I agree that most bounties are not worth the effort. I also feel this is a hard but important learning experience. Here you are not only looking for profit but likewise knowing which projects are actually good and which are just a gimmick. It isn't gambling because in gambling, you have no control of the outcome of the event, with bounties though you have the option to choose, not to join what questionable projects you see, we can study the team, and we can look at value. Once you approach it as an exercise of filtering and developing your intuition, in fact, it’s more about the excitement of the adventure than just chasing coins. You can gain a provision that is much more valuable but may not always be great results.

Even if you do filter the best ones out there, result tends to be still hit or miss. I do agree bounty hunting teaching you a lot, and you eventually intuitively learn to avoid bad apples.

[enwi]

Even if you do filter the best ones out there, result tends to be still hit or miss. I do agree bounty hunting teaching you a lot, and you eventually intuitively learn to avoid bad apples.

Yes it is very true that sometimes we tend to take our pick of what we consider to be the best and yet they do not measure up to par. The reason for this being is not that we are not careful enough but life is rarely as on planned or as simple as we anticipate. However, from all of the experiences that never met my expectation, there is something that I still possess till date, the ability to learn the art of discriminating. Little by little you will arrive at a state where without having to use too much effort you will be able to distinguish what is queer and what is normal. Due to the fact that knowledge of the greatest value is not inherent in the concept of anyone or received in the words of her advice, but in those injuries that are experienced personally. And you get to be even stronger from that stage, not because you cannot be wrong but because you understand how it is possible to rise again without having to pin the blame on the world.

[MrSpasybo]

I agree that most bounties are not worth the effort. I also feel this is a hard but important learning experience. Here you are not only looking for profit but likewise knowing which projects are actually good and which are just a gimmick. It isn't gambling because in gambling, you have no control of the outcome of the event, with bounties though you have the option to choose, not to join what questionable projects you see, we can study the team, and we can look at value. Once you approach it as an exercise of filtering and developing your intuition, in fact, it’s more about the excitement of the adventure than just chasing coins. You can gain a provision that is much more valuable but may not always be great results.

I used to be a bounty hunter too and was only lucky enough to receive rewards from a few projects. The majority of projects would fail, and hunters wouldn't receive any rewards for their efforts. Even when rewards were received, the token value had already dropped significantly and was only worth a few $.

Airdrops & Retroactive events once brought large rewards for hunters during the crypto winter of 2023, but this sector has also become saturated because the market lacks truly potential projects, and the number of hunters & cheaters has become too large. Sometimes participating in an airdrop is like gambling, hunters can't know which airdrop will bring rewards, and airdrops will often only bring disappointment.

[Vx1]

If I don't care what people say, and I myself admit that in this crypto there are many aspects of gambling. Not only that, in cryptocurrency there are also many scams everywhere. In the real world too, so don't think of this crypto as a place for people to do bad things, gamble, cheat and others. The important thing is that we here must act cleanly, do not do things that harm others and continue to work honestly.then it is right for me.

[Mr. Magkaisa]

Even if you do filter the best ones out there, result tends to be still hit or miss. I do agree bounty hunting teaching you a lot, and you eventually intuitively learn to avoid bad apples.

Yes it is very true that sometimes we tend to take our pick of what we consider to be the best and yet they do not measure up to par. The reason for this being is not that we are not careful enough but life is rarely as on planned or as simple as we anticipate. However, from all of the experiences that never met my expectation, there is something that I still possess till date, the ability to learn the art of discriminating. Little by little you will arrive at a state where without having to use too much effort you will be able to distinguish what is queer and what is normal. Due to the fact that knowledge of the greatest value is not inherent in the concept of anyone or received in the words of her advice, but in those injuries that are experienced personally. And you get to be even stronger from that stage, not because you cannot be wrong but because you understand how it is possible to rise again without having to pin the blame on the world.

         -     In fact, many bounty hunters take the gamble of joining even though they know that there is no guarantee that the bounty managers who oversee the projects they are promoting will pay the rewards. Actually, I am also one of those who have done this before.

That's how it is in this industry, of course we hunt most of the time without spending any money because we think that maybe we will suddenly become successful in the end, though it is really hard to find real gems like them.

[libert19]

... and airdrops will often only bring disappointment.

I have only felt disappointment with projects when I invested real money in hunting for airdrops, and it was spent in vain, whereas if I spent my time doing tasks and even if airdrop doesn't turn out good, I don't seem to care (it could be so because I don't value my time?)

[LogitechMouse]

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Though most users do their personal comparison but in this present, what aspect of Crypto can be equated to gambling?

Your thoughts.

Hmmm:
1. Investing into new meme coins.
2. Investing into airdrop projects.
3. Trading without any proper knowledge at all.
4. Investing without any proper knowledge at all.

These are almost the same, but that's the reality. If you invest without proper knowledge in crypto, you're just basically gambling. Same with if you're trading. Yes, you will make mistakes when you're a newbie, but if you're not learning from them, and you're just simply entering a position without any strategy at all, that's basically gambling as well. As for investing into meme coins, there's no need for an explanation to that because we know how risky it is, and it's a gamble for us investors. Same with airdrop projects because we don't know if the tokens that we will be getting can cover the amount of money that we invested.

There are many more, and I believe they've said it already.

[bayu7adi]

Hmmm:
1. Investing into new meme coins.
2. Investing into airdrop projects.
3. Trading without any proper knowledge at all.
4. Investing without any proper knowledge at all.

These are almost the same, but that's the reality. If you invest without proper knowledge in crypto, you're just basically gambling. Same with if you're trading. Yes, you will make mistakes when you're a newbie, but if you're not learning from them, and you're just simply entering a position without any strategy at all, that's basically gambling as well. As for investing into meme coins, there's no need for an explanation to that because we know how risky it is, and it's a gamble for us investors. Same with airdrop projects because we don't know if the tokens that we will be getting can cover the amount of money that we invested.

There are many more, and I believe they've said it already.

Yep, that's right..the simple way is anything that aims to gain profit but without any intention to learn or try it, and only relies on luck alone, it can be called gambling... maybe they call it investment, but in reality the concept is the same, hoping more for luck is not much different from people who play Sweet Bonanza, there is nothing to learn and only rely on luck....

Even though every investment in cryptocurrency can be learned well, but if you still rely on luck alone without any intention to learn... that is not far from gambling...

[bitterguy28]

... and airdrops will often only bring disappointment.

I have only felt disappointment with projects when I invested real money in hunting for airdrops, and it was spent in vain, whereas if I spent my time doing tasks and even if airdrop doesn't turn out good, I don't seem to care (it could be so because I don't value my time?)

lol maybe you do not value your time but i am sure a part of you will be disappointed if you work hard all those hours just to not receive the appropriate reward for all your efforts

though i understand because i also think that i would rather spend time doing something instead of paying money for it i know people say that time is cash but i believe i have more time than money so i value money a little more than i value time