Quote from: MarjorieZimmermanGinger on Today at 03:17:09 AM

Quote from: tygeade on October 01, 2023, 06:02:51 PM

Yes true, the fact that bitcoin is the rational one when compared with something may cause some people feel like that's a refreshing thing, but that's also true. I believe that we are going to end up with something that is much larger if we are careful and we could just consider gambling is pure loss.

I understand that "some" people may have made some profit with it, but the reality is that we are not going to make a profit with it, and we are going to be pretty unlucky about it as well. So, when people end up with something that is wrong, that doesn't mean that they were always wrong, that just means that they got lucky or unlucky based on what happened. This is why it should be important to realize that bitcoin is far superior because it doesn't depend on luck.

The level of rationality will depend on their knowledge in understanding the positive impact provided by bitcoin, because even though bitcoin can provide financial freedom if they do not know the concept and how to invest correctly it also may not have an impact on an individual person. There are obviously advantages and disadvantages when it comes to gambling, the question is how consistently can we make a steady profit when gambling is full of speculation. Bitcoin clearly has a basis in providing profits and perhaps we can ignore the risks if the knowledge and investment method is done correctly.

Gambling does not have a concept like that and if we are lucky we will make a profit and if we experience unlucky/bad conditions we will definitely make a loss. The level of comparative rationality is certainly much more guaranteed in bitcoin compared to gambling, although in the end the consideration and choice is up to each of us.

Is the information visible and understandable? Despite Bitcoin understanding, gains arent guaranteed. Its true that Bitcoin is more structured than gambling, but the market is still full with speculation.

Even though we understand the principle and how to invest, market movements may not always benefit us. Like gambling, Bitcoin investing involves luck. Having the correct knowledge and investment approach can boost our chances of making a profit, but we cannot overlook dangers. Folks should make informed decisions and be ready for every eventuality, profitable or not.