Re: Is betting a good choice for a newbie?

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.

A newbie should enter bitcoin if he will just gamble for fun but if your purpose to for "long term" profit, you are in the wrong place. You need to know more about taking risk and gambling doesn't fit you. Go for trading of alt coins that's even more worth of your time and you can take time to study on how you'll get long term profit there.

I think not just because they need to or want to have fun but I think they also need to learn the lesson what happens to a gambler when they bet or risk their money into something that the result in unknown. I think if they are not sure about trading, they better not put their money into gambling.

That will just happen suddenly when they are already in gambling. Lessons will be learned after taking and doing an action, we can't say that they will learn a lesson from those gamblers that are sharing their experience. Newbies are more risk taker rather than the old gamblers as long as they are not still in the situation, they want to try it out.