Do you consider crypto gambling an investment or a way to make money?

[timmygo]

, even if you're winning now, luck can turn. Never gamble with money you need for living expenses.

@tobbisluck Absolutely. I've seen people lose homes chasing gambling dreams. Not worth the risk.

 

[Moneymaker777]

Crypto's volatility adds another layer of risk. You could win big, but if crypto crashes, winnings could vanish.

 

[Vanaheim]

Crypto's volatility adds another layer of risk. You could win big, but if crypto crashes, winnings could vanish.

Good point. I always convert my winnings to stablecoins immediately to avoid that risk.

 

[AmmI]

Has anyone here managed to consistently profit from arbitrage betting with crypto? Heard it's possible but tricky.

 

[n00bas]

Thanks for all the insights, everyone. Definitely getting a more balanced view now. @AmmI, that arbitrage betting sounds interesting. Anyone have experience with that?

 

[Smichelle]

Thanks for all the insights, everyone. Definitely getting a more balanced view now. @AmmI, that arbitrage betting sounds interesting. Anyone have experience with that?

@n00bas I tried arbing for a while. It works, but most sites will limit or ban you if they catch on. Not sustainable long-term.

 

[Abram5]

One thing to consider: tax implications. Gambling winnings are taxable in many countries. Can complicate things if it's your main income.

 

[RamzesII]

One thing to consider: tax implications. Gambling winnings are taxable in many countries. Can complicate things if it's your main income.

@Abram5 True. And proving losses to offset gains can be a nightmare, especially with crypto involved.

 

[I)ebb1]

Bottom line: gambling is not a reliable way to make money. Treat it as entertainment, not as a job or investment.

 

[slotminer]

If you're serious about making money from gambling, poker is probably your best bet. But it takes years to get good enough.

 

[s@toshi]

If you're serious about making money from gambling, poker is probably your best bet. But it takes years to get good enough.

@slotminer Agreed. And even then, it's a grind. The days of easy money in poker are long gone.

 

[n00bas]

Really appreciate all the feedback, everyone. Definitely gave me a lot to think about. Think I'll stick to my day job and keep gambling as an occasional entertainment thing. Much less stressful that way!