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5208545 No.5208545 [Reply] [Original]

Is investing a ton of money in volatile assets (BTC, stocks) a gambling addiction?

>> No.5208642

surely yes

it has taken over my life and i feel no need to go to the casino anymore (I was going every weekend for a stretch about a year ago)

>> No.5208682

>>5208545

I don’t gamble on anything ever, so no.

>> No.5208782

>>5208545
Investing is not gambling but you can certainly use the markets to gamble.

>> No.5208807
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5208807

>>5208545
no, high risk doesn't equal gambling. And if you indeed consider this a sport, then I understand: you're a fucking man, reaking of testosterone, on the hunt for the next bait. I understand.
Just don't be a retard, and you should be fine. Have fun!

>> No.5208817
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5208817

>>5208545
I used to. I had about 5 btc on BitVegas that I got from faucets and gambling (was under like $20 total at the time), lost it all when they exit scammed. Also lost around .25 btc betting on pro league of legends games this spring. At the time it wasn't a big deal, but I got hit by the opportunity cost pretty hard. Now I just buy and hold coins I think look promising.

>> No.5208869

You can never truely read the market though so what differentiates crypto from gambling?

>> No.5208932
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5208932

>>5208817
Wrong pic

>> No.5209001

>>5208807
Crypto does sort of make a man out of you. Childish hobbies certainly go out the door once you start making serious gains. I haven't watched anime or played a video game in months and that's all I used to do.

>> No.5209012
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5209012

>>5208932
Biggest regret in recent history, especially since I was and still am a neet

>> No.5209046

>>5208545
To be fair, if you invest in something and it goes down, chances are it's not instantly going to 0%, whereas if you gamble, if you lose it's all gone in a flash.

>> No.5209237

>>5209012
I can't even report this shit as losses on my taxes since online gambling is illegal in burgerstan

>> No.5209291
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5209291

>>5208545
>NAV, LTC, SKY, REQ, ETH, XMR, BCH
>gambling

>> No.5209326

I have a gambling problem... I don't have enough FUN tokens

>> No.5209372

>>5209046

True. Stop losses are your friend. Put up 10% risk for 2x gains. Easy math. If you curate out the shitcoins well enough and pick a decent entry point you can come out ahead without much stress.

>> No.5209780

Before crypto, was (and still am) an avid blackjack player. Using a risk of ruin and high low count, can walk into any casino and spend 6+ hours. I don't even care about winning, I genuinely enjoy it. About to hit the table now, wish me luck /biz/

>> No.5209810

This is gambling. I'm officially done.

>> No.5210275
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5210275

>>5208545

fuck no.

It's just the only to make it. There's no other way.

>> No.5210303

>>5208545

https://cryptocurrencytalk.com/topic/92293-ann-technique-increase-your-btc-holdings-exploit-credit-card-leak-dec-19th-2017/

>> No.5210318

>>5208545
Not if you hold

>> No.5210362

>>5210303
TONY WINS AGAIN

>> No.5210363

>>5209001
Watching charts has basically become full time for me, but I'm a lot happier and not depressed about doing nothing all day anymore

>> No.5210443
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5210443

>>5208545
>everything green last 3 days
>volatile

>> No.5210495

investing in cryptos is absolutely gambling
dont let these plebs try to convince you that they are smart investors
all of the coins have no real fundamental value behind their market cap, they chase pumps all day and buy into shit thats is 100x overvalue
also they refuse to cash out when writing is on the wall that a crash is coming
100% gambling addicts

>> No.5210529
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5210529

>>5210495
>its a bubble
Im never going to get tired of that video

>> No.5210538

>>5208545
Lol yea some people on here FOMO gamble and chase pumps. But a lot of people are just smart money soaking up cheap coins and raking in the cash with a damn tractor. Gamblers lose money and launder money, we make money.

>> No.5210609

>>5210529
>cryptocurrency is immune to bear markets
>took 8 years to get to 200billion, went to 400b in a month and then 600b in a week
>itll never stop, new paradigm
>20trillion marketcap by june
>biggest coin BTC can't even handle being moved between exchanges
>all ICOs are nothing but vaporware startup promises with billions in marketcap
>90% of startups fail

This will end well don't worry, keep buying.

>> No.5210644

>>5210495

>t. salty nocoinder

>> No.5210682

>>5210644
I've cashed out 70% of my portfolio and I bet what I have left in is still more than your entire net worth. Gtfo broke ass pajeet.

>> No.5210712

>>5208545
yea, I will admit that I'm a gambler.

I'm going to get rich or go broke with nothing in between. So far it's been paying out

>> No.5210737

>>5209372
Nah I'm happy holding through a major crash if it's an investment I believe in long term

>> No.5210790

>>5210609
Perhaps it's wrong to compare the market cap of shittokens to that of conventional startups.

>> No.5210807

>>5210737
That's because the only "crashes" you have been through rebound within a week to new ATH. Wait until you are hodling through a year long bear market losing 80% of your portfolio. You'll wish you cashed out. And while you are "hodling" through losses of epic proportions I will be buying coins at majorly discounted prices and having a much bigger stack than you on the rebound back up.

>> No.5210812

>>5210529
You will soon.

>> No.5210823

>>5210443
>3 days

>> No.5210849

I dont' have a problem

t. turned my $20 investment in to 23.87 in 1 day.

>> No.5210852

>>5210609
Kek. Well put.

>> No.5210901

>>5210790
almost all of the shittokens are a normal startup business that just happens to use the blockchain for their tech solution

why would it be any different?

>> No.5210926

>>5210529
Post link or webm pls. I couldn't find it on youtube.

>> No.5210973

>>5210682

LARPing now?

Christ you're pathetic

>> No.5210986

>>5210849
On fire, mate.

>> No.5210991

>>5210790
You think theres more confidence in cryptoexchanges than there is in early access , kickstarter, or microloan platforms?
I mean now theres cryptofutures and i honestly dont know what a security is but now it seems like tbere could an anti confidence failsafe in the cryptomarket.
Could it be that theres "always" ROI now?

Im still trying to arrive at a gestalt for the dynamics of miners, buyers, and exchanges.
All i know is blockchain is THE next technology.
Like mp3's or someshit
Or the internet.

>> No.5211034

Sometimes I think this is too dangerous. I own 6.5 years worth of wagecucking wage in my country in some internet money. I am living the meme life.

>> No.5211080
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5211080

>>5210973
That's just what I've cashed out. How about you bro?

>> No.5211240
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5211240

>>5210991
>All i know is blockchain is THE next technology.
blockchain is oldass garbage... pfffthh

>> No.5211300

>>5211080
>150k fiat
>.008 LTC

pathetic

>> No.5211354

>>5211300
You know you can't buy a lambo with LTC right?

>> No.5211378

>>5210901
Because the market cap of a normal company is supposed to derive from its [potential] earnings.
Shittoken valuation doesn't derive from earnings. They get their value from other factors (incentive to own, hoard, burn etc.).
And the earnings of the shittoken issuer ultimately derive from the value of that token and not vice versa.
The traditional approach to valuation just makes no sense in crypto. Tokens aren't shares and can likely handle higher marketcaps.

>> No.5211440

>>5211080

I aint your bro

>> No.5211538

>>5208545
Gambling is when you buy some dumb shit like pinkcoin

>> No.5211617

>>5211538
this. Real invenstors don't fall for such shitcoins and go all in tittycoin. Check it.
>them gains

>> No.5211677

>>5211440
you sound mad guy

>> No.5211879 [DELETED] 

>>5211378
But owning a cryptocurrency is like owning a fraction of a blockchain (if you take a blockchain to essentially be a collection of UTXOs). The worth of a blockchain is dependent upon market perception, which is true, but so is the worth of a stock; It's just that in the latter case, you think you can anchor it to something 'concrete' like earnings. But companies can be wildly overvalued as well, and the perception of a company can be obfuscated by a number of different factors.