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❓ASK Do you think that cryptocurrency gambling is just as dangerous?

AudraMiller

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On every single cryptocurrency site he will find at least one tab that is able to play a dice game where you can gamble your cryptocurrency. There are many people that are getting involved with and cryptocurrency for example teenagers are starting to invest. Therefore do you think that the presence of Gambling on this cryptocurrency sites cuz I actually inside a gambling thought into these children as well which could result in potentially having gambling problems at a later point in their life? Therefore do you think that all of these cryptocurrency sites should actually have any restriction prior to anyone been able to register for them.
 
Agreed those who are calm only can win in this sort if activity it is just like investing in share with making calm and composed movements to grow off your wealth one bad move and you invested is zero in no time actually.
 
For me I would say this gambling is gambling whether you gamble with the crypto currency or the fiat money it's quite the same thing. This is because to succeed in the venture, it depends on the person's lucky.
 
Yes, it can make them addicted to it, and 100% it does, there is no doubt about it. It is better that the sites consider an age limit for this section. Of course, I am not in favor of strictness and it is better for children to be educated in schools about risks of gambling
 
Yes, I think there should be restrictions. Both for user and site owners. These will check transparency and zero out scams to some degrees.
On every single cryptocurrency site he will find at least one tab that is able to play a dice game where you can gamble your cryptocurrency. There are many people that are getting involved with and cryptocurrency for example teenagers are starting to invest. Therefore do you think that the presence of Gambling on this cryptocurrency sites cuz I actually inside a gambling thought into these children as well which could result in potentially having gambling problems at a later point in their life? Therefore do you think that all of these cryptocurrency sites should actually have any restriction prior to anyone been able to register for them.
 
Education is definitely one thing that can help us understand such things very easily and you can never make sure that the education is always the perfect way for people to have success , knowledge and understanding of bad things and safety from them .
 
Yes, I think there should be restrictions. Both for user and site owners. These will check transparency and zero out scams to some degrees.
There is a lot of scams that are out there and the thing that makes it very difficult is that a lot of them start off by looking very legit and there is a proof of payment but when you nvest and use the site then you come to see that they are actually fake and you lose your hard earned crypto.
 
That's right the scammers are pretty perfect in creating an illusion model their purpose is just to ensure that you are not having to deal with anything but you have to win a lot of money they give people false hopes to be rich overnight .
 
I tried crypto gambling a few times and all the sites at the end wins all my money. when you continuously play, you loose. I think they have some bots that figure out the players style of betting, so what I suggest is timing is important.
 
Yes that is right it is a bad sort of activity you may win money here and there but in the end you will end getting addicted and giving your entire money over an hour in which you are over your balance and patience limit.
 
I really consider gambling with cryptocurrencies even more risky because these casinos and bookmakers are not well regulated generally and also bets are made with a volatile instrument such as cryptos, but well I am not against it, that is, if you want to bet with your cryptos it is fine, but you just have to consider all the risks associated with betting with them and that you are betting in places with little or no regulation.
 
I really consider gambling with cryptocurrencies even more risky because these casinos and bookmakers are not well regulated generally and also bets are made with a volatile instrument such as cryptos, but well I am not against it, that is, if you want to bet with your cryptos it is fine, but you just have to consider all the risks associated with betting with them and that you are betting in places with little or no regulation.
Aside from the risks, I generally try not to bet with crypto unless I am absolutely sure of a game. There is a reason. Because sometimes you lose money and if it is cryptocurrency, you will regret it later. Maybe today, for example, Bitcoin is worth $29,000, but one day it could be worth $100,000. So imagine losing 0.1 BTC
 
Aside from the risks, I generally try not to bet with crypto unless I am absolutely sure of a game. There is a reason. Because sometimes you lose money and if it is cryptocurrency, you will regret it later. Maybe today, for example, Bitcoin is worth $29,000, but one day it could be worth $100,000. So imagine losing 0.1 BTC
Or it can also cost less than that hehe, leaving aside the jokes, if the fact of betting with a financial instrument makes it even more risky also with the level of volatility it has and the possible future of Bitcoin for example or other cryptos which you can regret after simply having lost them betting them, But I repeat that it is not bad as long as people know what they are putting at stake and accept it, in fact i have done it before, but I do it with little money.
 
Or it can also cost less than that hehe, leaving aside the jokes, if the fact of betting with a financial instrument makes it even more risky also with the level of volatility it has and the possible future of Bitcoin for example or other cryptos which you can regret after simply having lost them betting them, But I repeat that it is not bad as long as people know what they are putting at stake and accept it, in fact i have done it before, but I do it with little money.
XD
I did it with a lot of money and won, but sometimes I lost. In general, I prefer to bet with dollars because the price of cryptocurrencies is not fixed and this is sometimes stressful. Gambling is stressful enough and you need peace of mind. You must to have a plan (if you want to earn this way) and cryptocurrencies sometimes ruin your plan in gambling. This is my personal opinion. But if you want to earn some TRX for example, it's not bad. Choose over a goal and earn some cryptocurrency in minutes. It will definitely be fun
 
Thats the fact , risk management seems to be very important when gambling , as a gambler you should understand when to pratice risk management and invest , I think how you invest would really entail a lot of factors too
Yeah, the currency you use to market does not affect anything. Gambling remains a really high risk thing to engage in. Your only job now should be to manage the risks every way possible. You can try as much as possible to analyse the game before betting and only invest what you can afford to lose.
 

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