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Crypto casino sites are online gambling venues that accept payments in cryptocurrencies. Crypto gambling is a type of online gambling that uses virtual currencies as a means of payment. The benefits of this method include the additional security offered by blockchain technology, and the ability for players to instantly withdraw money from their accounts, unlike in traditional online casinos. ‘trading is gambling, no doubt about it’ – how cryptocurrency dealing fuels addiction fears rise over how unregulated trading and promotion of crypto assets are creating a new generation of. Unfortunately, a malcomparison between crypto and the stock market doesn’t convince me that bitcoin isn’t a ponzi scheme and will become the global currency. Buying such assets is not gambling, its new so its speculative investment, just as one would have bought tesla 5 years ago. You can imagine its potential value. In summary, an outrageous amount of the crypto world is gambling. The analysts are correct. And the crypto industry is not helping itself supporting the gambling. Jackbit is basically a one-size-fits-all bitcoin gambling site, offering both crypto casino games and sports betting options under one roof
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Futures trading is basically gambling but on steroids. The human brain is much more responsive to tangible things like cash or casino tokens. But when its just numbers on a screen, the mind doesn’t quite understand the losses at stake. This is why i stopped leveraging almost a year ago in after the dip in march 2020. At this point, crypto is just gambling. There is no decentralisation which we have witnessed through the years from rug pulls and attacks. Crypto is just a game to me now. I don’t know about you guys but i have more faith in the banks with my money than i do with crypto, sorry to say that. Jackbit is basically a one-size-fits-all bitcoin gambling site, offering both crypto casino games and sports betting options under one roof. Is reward involved? yes. Is investing a game of chance? well, that depends on your investing strategy. The primary difference between gambling and investing is an investor will use tools of. “gambling” in investment sense is if the risk is rather high, which for crypto it is. Most stocks doesn’t go -30% overnight and the market is not running 24/7. Also diversification to reduce volatility or variance is not playing that well in crypto due to very strong overlap of sector risk. All of crypto, including bitcoin, litecoin, ethereum all are basically gambling. People are making a ton of money, and then they want to sit in the market thinking they will keep making. Until it just drops and they lose everything. Crypto seems way to risky to seem like even an investment. Maybe i'm pessimistic, but that's just me
