Post
Topic
Board Gambling discussion
Re: "Americans Spend More Money Betting On Sports Than Investing In Stocks"
by
laijsica
on 10/09/2024, 13:32:44 UTC
It is not surprising since we can see how easy gambling access is in America and it makes more people gamble than investing because it is easier and faster for them to access. It also offers a chance for someone to change their life overnight, even when the chances are small and the results are much faster, compared to hoping for investment in stocks. Things like that are strong reasons why many people put their hopes in betting on sports in order to get rewards that they can use to meet their needs or other things in the midst of a difficult economy.
some people even consider investing to be more risky compared to gambling  
Who does that? There is no way investment can be a lot more risky compared to gambling. Have you considered the differences? Gambling has no guarantee for success and when you lose in a bet you lose completely the amount used in staking. When investing you can watch your investment and if you invest in the right asset after gaining knowledge in it you are more likely to be successful in your investment. In investment, you can gain huge knowledge that will work for you when you apply it. I don't think it is possible in gambling. There is no level of knowledge in gambling that can guarantee you success.
I agree with you. By choosing the right currency and investing for the long term, an investor can grow his wealth. As is the case with investing in Bitcoin. I think the relationship between gambling and investing is very controversial and unsupported. Many may compare short-term investing to gambling, but I believe that losing money in gambling means losing money and never getting it back. Investing in crypto will involve risk but you won't lose your wealth if you can hold it for the long term. It is very important that you choose the right crypto.

It can be concluded that gambling is mostly controlled by luck where experience does not help much and most gamblers lose but they continue to gamble because it is a form of entertainment. Crypto investing on the other hand is one of the most profitable avenues for experienced investors where an investor can make huge profits.