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    Author Topic: Bitcoin and crypto are Same like casino slots  (Read 550 times)

    • uneng
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    April 07, 2021, 12:18:52 AM
     #41
    The only similarity between slots and bitcoin is that the results of both are unpredictable on short run. I say that because slots are unprofitable for players on long run due to house edge and so far bitcoin is showing an impressive positive result for investors on long run, although we can't assure it will remain like this eternally.
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  • Trinx01
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    April 07, 2021, 07:03:38 AM
     #42
    Bitcoin uses for different things and really different from slot machines so I don't think that both variances should be compared because they are both different in use and purposes. Bitcoin is a stored value or an asset and is used for investment, trading, paying online, buying online, and many more while slot machines are a form of gambling, if you are talking about the risk when buying/selling bitcoin and gambling then there is similarity because both are risky and that is what I only considered as the similarities for both things.
    Quote from: Alert31 on April 06, 2021, 03:32:05 PM
    I won't agree with you OP. Investing in bitcoin is not the same as playing in a casino. In Casino, you are just guessing while in investing or trading you need to learn and have knowledge about it, at least understand the graph and price movement so that you can earn profit.
    Yeah, thats true, investing and trading can be successful if you have knowledge first about it and most of the gambling are based on luck, there is no need for any knowledge or technique to get an advantage on it specifically the slot machine.

  • (o)(o)ilikeboobs(o)(o)
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    April 07, 2021, 01:15:18 PM
     #43
    Bitcoin and cryptocurrencies have large fluctuations in a short period of time and that will challenge the confidence of investors.
    You can get rich quickly or lose money quickly with cryptocurrency. This is different from other asset classes like real estate or stocks.
    Over a long period of time, it can be seen that cryptocurrencies have better growth in value, especially Bitcoin. One risk that investors invest in cryptocurrencies is that they need to accept Bitcoin's influence on the entire market. It may take a few years to be in a bull cycle, but in a bull cycle, it can only take a few weeks or months.

  • decodx
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    April 07, 2021, 02:01:41 PM
     #44
    Buying cryptocurrency is a high-risk investment. Cryptocurrency does not have any form of oversight or regulation, and investors have no protection against fraud or loss.

    However, I believe that comparing cryptocurrency investment to gambling and casino slots is completely inappropriate. Gambling is based on chance and pure luck, while your expertise and experience have a significant impact on the positive outcome of your cryptocurrency investment.

  • bandungan
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    April 07, 2021, 02:43:17 PM
     #45
    in my opinion it is different. bitcoin is more aimed at processing transactions while casinos are for entertainment and games. besides that bitcoin is easier to process based on analysis, while casinos only capitalize on profits. so I think this is a significant difference between casino and bitcoin

  • sapnu
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    April 07, 2021, 03:36:12 PM
     #46
    Maybe what he is trying to say is that crypto and bitcoin compared to casino or gambling is quite similar to each other. Not similar as a whole because crypto is much more complicated compared to gambling but only in terms of being hard to predict if you'll be winning next or not. Altough the probability of winning in crypto is much higher than in gamble, it can still be seen as the same thing. Regardless of the difference between the two, you need to be brave and prepared for the consequence upon entering both. Good strategy and being smart can also be considered essential on both or else you may lose everything you currently have.

  • Mr.007
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    April 07, 2021, 04:03:16 PM
     #47
    in my opinion, bitcoin works differently from casino bro, casino gambling platform, while bitcoin can be used for investment and trading is clearly different and makes no sense
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  • michellee
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    April 07, 2021, 04:06:58 PM
     #48
    I do not think that bitcoin and crypto are the same as casino slots because as long as we can learn more details about crypto, we will not just predicting without using knowledge or skills. If you do not know about crypto, that will be the same as gambling because you only guess and hope you can make money from crypto. But I will not say that you are wrong because we have our own opinion about crypto, so we can say what we feel about crypto in this matter.
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  • MIner1448
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    April 08, 2021, 04:27:39 AM
     #49
    There is, of course, logic in your words, because it is difficult to predict a position in the market, there really are bets on luck, even with a deep analysis of charts and the selection of other strategies on the market, it almost always turns out that you were lucky and took the profit ...
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  • acener
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    April 08, 2021, 04:42:36 AM
     #50
    Quote from: cryptoboss2020 on March 31, 2021, 09:41:21 PM
    Its similar to casino.
    Its Same like You lose some% and win some%
    Crypto and btc are invented probably the same guys who invented the casino slots Machines.
    The Bitcoin slots Program bots dont read the news its just right timing.
    But You can win with this slots If You play it right.
    But only the mr Satoshi slots nakamoto knows the algorytmical Scheme how this is working.
    But whales are Computer btc bots who buys some exacly ammount of coins with Exacly patterns.

    And weather You lose or win its a Probability theory.
    Its not a Question u Enter on right slot the Question are timing.

    But government and Elite cant destroy this crypto and btc becouse all those who knows how to make money out of this Will lose Job and business.
    So they keep running until new trend or else is Coming out but it seems to be tht not coming anything Different.


    Well one thing is for sure no one could know how it would move.
    I don't really like comparing it to gambling but how you explain's it really hit it right to the spot and I couldn't argue with it.
    It does feel like casino slot machine we could see others winning while others are losing and thinking that if we played on their slot machine we could have won.
    It is about right timing and the right machine to play with but we all have no idea about it.

  • Ludmilla_rose1995
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    April 08, 2021, 04:59:51 AM
     #51
    When compared to bitcoin and crypto investing with gambling, it does share a little bit of similarity. but crypto investing and slot gambling are still different. Maybe both have similar instruments, but their working systems are different. the increase in the price of a crypto investment is determined by the laws of the market economy (supply and demand). While slot gambling depends on luck. So, gambling and crypto investing are very different.

  • kotajikikox
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    April 08, 2021, 05:20:02 AM
     #52
    Quote from: cryptoboss2020 on March 31, 2021, 09:41:21 PM
    Its similar to casino.
    Its Same like You lose some% and win some%
    Crypto and btc are invented probably the same guys who invented the casino slots Machines.
    The Bitcoin slots Program bots dont read the news its just right timing.
    But You can win with this slots If You play it right.
    But only the mr Satoshi slots nakamoto knows the algorytmical Scheme how this is working.
    But whales are Computer btc bots who buys some exacly ammount of coins with Exacly patterns.
    Where did you get this Stupid idea? do you know how Long does Slot machine is running ? why it took years and years before Bitcoin was introduced?

    How long will you stay in this forum spreading your Shitposting?
    Quote
    And weather You lose or win its a Probability theory.
    Its not a Question u Enter on right slot the Question are timing.
    If you are a Slot player for 10 years , surely you will be poorer than a rat now , but if you have bought Bitcoin from 10 years ago, then surely you are the Terminator of Rats now.
    Quote
    But government and Elite cant destroy this crypto and btc becouse all those who knows how to make money out of this Will lose Job and business.
    So they keep running until new trend or else is Coming out but it seems to be tht not coming anything Different.


    If there are someone that can destroy crypto, That is you and people like you.
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  • mbe48
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    April 08, 2021, 07:09:36 AM
     #53
    Depending on how people use these assets, Bitcoin as a cryptocurrency or crypto currency is an investment place that leads to gambling because it is entirely from speculation without adequate fundamentals, but that doesn't mean Bitcoin is gambling. Remember in Bitcoin trading, there is a supply and demand in every sale even though the price fluctuates significantly. Bitcoin is still there and the price is getting higher because of the large number of enthusiasts to buy it.

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    April 08, 2021, 08:27:49 AM
     #54
    Quote from: Ludmilla_rose1995 on April 08, 2021, 04:59:51 AM
    When compared to bitcoin and crypto investing with gambling, it does share a little bit of similarity. but crypto investing and slot gambling are still different. Maybe both have similar instruments, but their working systems are different. the increase in the price of a crypto investment is determined by the laws of the market economy (supply and demand). While slot gambling depends on luck. So, gambling and crypto investing are very different.
    There is still a bit of luck included in crypto investment though.
    Its unstable price will show that. Smiley
    Though in most of the time, it is always to the supply and demand. Smiley

  • wiss19
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    April 09, 2021, 06:41:08 PM
     #55
    Quote from: cryptoboss2020 on March 31, 2021, 09:41:21 PM
    Its similar to casino.
    Its Same like You lose some% and win some%
    Crypto and btc are invented probably the same guys who invented the casino slots Machines.
    The Bitcoin slots Program bots dont read the news its just right timing.
    But You can win with this slots If You play it right.
    But only the mr Satoshi slots nakamoto knows the algorytmical Scheme how this is working.
    But whales are Computer btc bots who buys some exacly ammount of coins with Exacly patterns.

    And weather You lose or win its a Probability theory.
    Its not a Question u Enter on right slot the Question are timing.
    Hey, there is nothing about Bitcoin that will make it the same as casinos. Yes they are all under probability, which is the same thing with other businesses. Your normal day to day business can be an example, it is not every day that you go to your shop that you’re going to be seeing buyers of the products that you’re selling.

    Having more buyers who demand for your products on a steady which is an increase in demand means that your business is going to be growing . That’s the same thing with Bitcoin and cryptocurrency, yes it relies on demands and supply ,and of course trading it is under probability. Let’s assume that you can accurately predict where it is heading to, then what sense does it make??
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