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Scraped on 22/07/2025, 21:03:55 UTC
Today I was browsing websites of old, inactive cryptocurrencies and noticed that some of the domains are now taken over by online casinos. Honestly, wherever you look in the crypto world, you stumble upon gambling businesses. It really feels like this is the most profitable niche right now.
I came to finance through forex brokers, and I still remember people telling me: “Forex is like a casino - except in a casino, at least you can win.”
To me, running a financial market always seemed more profitable than running a casino.
But in crypto, is it the other way around? Are casinos making more money than trading platforms?
I came to finance through forex brokers, and I still remember people telling me: “Forex is like a casino - except in a casino, at least you can win.”
To me, running a financial market always seemed more profitable than running a casino.
But in crypto, is it the other way around? Are casinos making more money than trading platforms?
What do they mean by at least in a casino, you can win?
The house edge is shfited against the player in any and every casino, otherwise the casino business model would never work.
Trading is something completely different, and yes, the similarity lies between the fact that both are based on a probalistic outcome that cannot be measured or determined with certainty or any kind of mathematical reliability, you still will not lose your money in Forex as often as you do in a casino. Unless you are a horrible trader with no background knowledge, 0 research and 0 strategy.
Original archived Re: Trading business vs. gambling business in crypto
Scraped on 22/07/2025, 20:59:14 UTC
Today I was browsing websites of old, inactive cryptocurrencies and noticed that some of the domains are now taken over by online casinos. Honestly, wherever you look in the crypto world, you stumble upon gambling businesses. It really feels like this is the most profitable niche right now.
I came to finance through forex brokers, and I still remember people telling me: “Forex is like a casino - except in a casino, at least you can win.”
To me, running a financial market always seemed more profitable than running a casino.
But in crypto, is it the other way around? Are casinos making more money than trading platforms?
I came to finance through forex brokers, and I still remember people telling me: “Forex is like a casino - except in a casino, at least you can win.”
To me, running a financial market always seemed more profitable than running a casino.
But in crypto, is it the other way around? Are casinos making more money than trading platforms?
What do they mean by at least in a casino, you can win? The house edge is shfited against the player in any and every casino, otherwise the casino business model would never work.
Trading is something completely different, and yes, the similarity lies between the fact that both are based on a probalistic outcome that cannot be measured or determined with certainty or any kind of mathematical reliability, you still will not lose your money in Forex as often as you do in a casino. Unless you are a horrible trader with no background knowledge and 0 strategy.