Gamble on Bitcoin! RAR!
Bitcoin vs Gambling
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if you got 4 in a row with -200 odds you could 3x your investment (1 fight per event).
The expected value of gambling any amount of money over time is zero but hey there's always a chance
aubreyjesseau wrote:
The expected value of gambling any amount of money over time is zero but hey there's always a chance
You don't know how gambling works then
Bitcoin has real fundamentals behind it as a store of value backed by many companies and institutions. Gambling is just gambling. Also, Bitcoin moves somewhat predictably in cycles
kleong12 wrote:
Bitcoin has real fundamentals behind it as a store of value backed by many companies and institutions. Gambling is just gambling. Also, Bitcoin moves somewhat predictably in cycles
But the cycle is slow...
ChampoftheCommieCamp wrote:
kleong12 wrote:
Bitcoin has real fundamentals behind it as a store of value backed by many companies and institutions. Gambling is just gambling. Also, Bitcoin moves somewhat predictably in cycles
But the cycle is slow...
It is - lengthening cycles and diminishing returns, as @bjcowen says.
Bitcoin may not give immediate results BUT... the results it does give are astounding. If u were lucky enough to get in early, it's not too late though. Keep in mind though that there are other cryptos that can and will be the next bitcoin. Imagine buying bitcoin at 25 cents or a dollar, or even 5 or 10 bucks. It's $43,321 as I type this. Do the math on how rich you'd be right now. It's hard to tell which ones will be the next big winner but it's gonna happen again to many of them. I think when I start buying again I'll buy a little bit of the top 100, I currently have some of the top 25.
edit: I had no idea Benjamin Cowen was on here, I use to watch his vids on YouTube constantly. His logic on cryptocurrency is rock solid. He was probably the opinion I respected the most.
DreamscapeHorizons wrote:
Bitcoin may not give immediate results BUT... the results it does give are astounding. If u were lucky enough to get in early, it's not too late though. Keep in mind though that there are other cryptos that can and will be the next bitcoin. Imagine buying bitcoin at 25 cents or a dollar, or even 5 or 10 bucks. It's $43,321 as I type this. Do the math on how rich you'd be right now. It's hard to tell which ones will be the next big winner but it's gonna happen again to many of them. I think when I start buying again I'll buy a little bit of the top 100, I currently have some of the top 25.
edit: I had no idea Benjamin Cowan was on here, I use to watch his vids on YouTube constantly. His logic on cryptocurrency is rock solid. He was probably the opinion I respected the most.
The cheapest it was like $300+
DreamscapeHorizons wrote:
Bitcoin may not give immediate results BUT... the results it does give are astounding. If u were lucky enough to get in early, it's not too late though. Keep in mind though that there are other cryptos that can and will be the next bitcoin. Imagine buying bitcoin at 25 cents or a dollar, or even 5 or 10 bucks. It's $43,321 as I type this. Do the math on how rich you'd be right now. It's hard to tell which ones will be the next big winner but it's gonna happen again to many of them. I think when I start buying again I'll buy a little bit of the top 100, I currently have some of the top 25.
edit: I had no idea Benjamin Cowan was on here, I use to watch his vids on YouTube constantly. His logic on cryptocurrency is rock solid. He was probably the opinion I respected the most.
This line of thinking is the trap - the odds of another cryptocurrency recreating digital scarcity is near zero. You have to understand what makes Bitcoin valuable to understand why it won't happen again. Properties of money, final settlement, liquidity, networks effects, Gresham's Law, absolute scarcity, path dependance. Unless you are an altcoin insider/whale trying to make money off them is literally gambling as these coins are easily manipulated. Protocol battles are winner take all. Examples being TCP/IP (the internet) SMTP (email). Bitcoin is the protocol for digital money and it has already won.
The theory of “ herd behaviour” swings markets in a sign wave motion.
Herd behaviour swinging markets down when profit taking and herd behaviour swinging markets up when signs of bottoming.
But who ignites the “ herd behaviour”.
Groups such as Reddit are formed to grow to a critical enough mass to light the fuse.
Then you have the “ short sellers” who pounce on their prey when they become “ slow and well fed” . Over valued entities.
But then you have the best of the best……pump and dump. They will get you every time if you are on the wrong side of the trade😇😇
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Thoughts? Bitcoin seems more secure but gambling can get more immediate results if you get good odds and accuracy...