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Showing 4 of 4 results by Biggy001
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Topic
Board Speculation
Topic OP
Is gambling with cryptocurrency the same as gambling at a casino? Differentiate
by
Biggy001
on 31/10/2024, 07:54:45 UTC
Cryptocurrency gambling can be seen as similar to gambling at a casino in the sense that both involve risking something of value in order to gain something else of value. You can be on the winning side today and on the losing side tomorrow too. However, here are some key differences between these gambling. Gambling games are games of chance where you could theoretically win or lose, but there is monetary value involved.
Gambling is based on chance, while cryptocurrency is based on mathematics/calculations and cryptography.
With gambling, you are betting against the casino house and board members, but with cryptocurrency you are betting against other people that have more or the same and similar amounts of money as you do.
In casino gambling there is usually a guaranteed win for them because they have an edge on their games while in crypto it requires strategies and skill to top up your game.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin popularity.
by
Biggy001
on 31/10/2024, 07:30:13 UTC
Bitcoin is one of the best investment right now in the world and some people are already going into it however there is still larger number of people who has not started Bitcoin investment and that is why Bitcoin still has a long way to go, the more popular and the more people invest in Bitcoin the more valuable it will become.

With the level of what bitcoin has attained now, those not investing are only doing their self because remains irresistible and unstoppable, its value keeps increasing even as the network remain trusted as ever before, those that have adopted for the use of bitcoin

Some people stop Bitcoin investment after some time indulging in it and is because people who told them about Bitcoin didn't give them the right narrative

When we are not well informed, it will affect our approach on bitcoin, this is because those that informed us about it were unable to give the full information on what's been needed or expected form investing on bitcoin, but it's not bad anyway if we can also take out of our time to make some necessary efforts researching on our own about aspects of bitcoin network we are not clear about
Bitcoin has not gained enough popularity yet due to the fact that it’s not a volatile and stable coin. Investing in bitcoin is quite convincing but dangerous. When you are investing in an unstable coin like ETH and BTC you should have the mindset that you are gambling (you are a crypto gambler). Being a gambler implies that it can go in your favor or against you too. Some people has stopped investing in Bitcoin after being a victim of watching all their investments disappear thereby discouraging and telling people wrong motives and ideas about Bitcoin.
Post
Topic
Board Bitcoin Discussion
Topic OP
Blockchain Scalability
by
Biggy001
on 30/10/2024, 17:22:36 UTC
Solutions like sharding, off-chain transactions to increase Bitcoin's transaction capacity. Bitcoin's blockchain processes approximately 7 transactions per second. Scalability solutions aim to increase this capacity.
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Topic
Board Speculation
Topic OP
Will the price of bitcoin be bullish or bearish before 2026
by
Biggy001
on 30/10/2024, 17:05:30 UTC
Looking at the bitcoin market there is every chance and opportunity that the bitcoin price will rise and increase tremendously.