I am earning and collecting bitcoin to bet on sports in future.Will it be a good choice to invest in it betting or other things.Where should i invest my bitcoin to have a long term profit?
If you only have a small amount of bitcoin then no, betting is not a good idea. Gamble with fiat if you only have a small stash of bitcoin's. Bitcoin is too precious to waste gambling if you don't have a lot. Hold onto your bitcoin, it will be worth more & more as time goes on.
Even if Mr.Satoshi gets into gambling with his one million bitcoins and in no time he also may lose all his coins hence I do not find it right that welcoming going for gambling with big amount of bitcoin. It will never be a good choice for rich or poor or experienced or newbie.
As per exceptions, betting will be a good choice for those who seeking entertainment out of hectic work schedule. When we are normal life style, betting should be introduced to anyone for reasons.