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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Slaky12
Slaky12Knowledge Seeker
Asked: May 29, 20242024-05-29T06:18:09+00:00 2024-05-29T06:18:09+00:00In: Money & Business

Is cryptocurrency investment better than gambling?

Actually both carry risks, cryptocurrency investment allows for informed decisions, making it potentially less risky than gambling. However, it’s essential to do thorough research before investing in any asset.

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2 Answers

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  1. Abigael
    Abigael Trusted Adviser Abigael
    2024-06-13T09:40:03+00:00Added an answer on June 13, 2024 at 9:40 am

    I will readily and confidently advocate for cryptocurrency trading over gambling. This is because trading carries risks but they are ones that can be managed. Whereas gambling carries risks that are hard to manage, all outcomes depend on chance and some are created with a strict house edge that makeRead more

    I will readily and confidently advocate for cryptocurrency trading over gambling. This is because trading carries risks but they are ones that can be managed. Whereas gambling carries risks that are hard to manage, all outcomes depend on chance and some are created with a strict house edge that makes it impossible to manage risks.

    Whereas cryptocurrency trading is wat better, it is also important to note that you cannot do it carelessly and arrogantly. It still requires you to be careful, to keep learning and be patient before you start seeing good results. Take your time, never rush into trading because of the desire to start earning well.

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  2. spencer
    spencer Enlightened Mentor
    2024-06-05T06:27:27+00:00Added an answer on June 5, 2024 at 6:27 am

    Yes, I think you're better off investing in cryptocurrency than gambling, because in crypto you're basically trying to get in a move, you buy low to sell high or sell high to buy it back low, it's pure economics, principles of supply and demand are applied vehemently. But gambling is different you'rRead more

    Yes, I think you’re better off investing in cryptocurrency than gambling, because in crypto you’re basically trying to get in a move, you buy low to sell high or sell high to buy it back low, it’s pure economics, principles of supply and demand are applied vehemently.

    But gambling is different you’re just depending on luck, even though some people redefine it, it’s still a dumb game of luck where the only house wins.

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