I asked ChatGPT whether to invest in crypto or to gamble, it said crypto and here's why

If you've been following up my articles lately you'd probably find that I've been playing around a lot with the idea of having a system as highly engineered to be a fraud legal but then within the same establishment have technologies like crypto assets to be termed "high risk investments" that are supposedly a threat to people's financial security.

By threat, they mean non-taxable, decentralized and with vast opportunities - It's not about you

It's about them, it always is. The cryptocurrency market is currently a couple over $1 trillion, now can you imagine not being able to tap into such value flow as the establishment from the angle of taxation and control?

Crypto makes business developments so remote that it is largely not binded to a particular location thus is vastly not in the walls of any tax or income policies. Of course, you can argue this but could you tell me where Hive is operating from?

Is it the US? Is it Venezuela? Spain? Nigeria? The Netherlands? Where?

There isn't any link to any region, so while individuals may be pinned down if discovered of course as one could literally be a ghost in plain sight, the majority of the value flow cannot be.

People may ask, is this a good thing or a bad thing? How would good roads and other basic amenities be delivered?

Well, if you believe the same people that willingly gave up 30% of their income for these developments can't do it just because there isn't a rule to enforce it then you're incredibly wrong, people will always bend to contribute when the value of it is perceivable.

Decentralized money is a threat to the establishment's value flow, but it is not a threat to individuals, at least not at the scale it is made to seem.

Risk factors: Crypto vs Gambling

I know you came here to read about ChatGPTs advice to invest in crypto over gambling, don't worry, we'd get there, but first, let's compare the risks of these two sectors.

First we look at market volatility, this is generally where people say the cryptocurrency market is too volatile and not safe for investors but that isn't true.

The cryptocurrency markets are volatile for traders, people who are making short-term bets on the price movements of this assets, this is something that is a no concern for investors, the volatility of crypto assets do not affect the appreciative price movements that comes over the long term on projects consistently building and deploying value structures.

A couple of days ago I saw a tweet that said that Bitcoin was up 100% in the last 7 months. That's half a year. How many real-world investments can get you a 100% return in 7 months? We all know the answer to this so while the majority shake their asses around the volatility of crypto, someone somewhere just turned a 100% profit on his investment.

However, with gambling, there isn't any form of investment, there is only one certainty here and that is the fact that you're more likely to lose, but this system is supposedly legal and as expected, largely run by the establishment.

The engineering of gambling platforms with what is called a "House Edge" which is typically a built-in advantage the system has over literally everyone that throws money at it, is high profile stealing and manipulation in broad daylight but all that matters is that a platform tells you "bet responsibly" and they are legal to operate, how screwed.

When we come down knowledge and skill, you figured that when subjecting oneself to studying, expertise in crypto trading and investment can be achieved, but can we say the same with gambling?

Gambling is 100% guaranteed rekt you, the only way you win is if you're the bookmaker or simply extremely lucky that you win once and stop gambling because if you continue, you'll definitely get rekt!

So what are the odds this happens? The chances are literally 0.01% to a whooping 99.99% certainty that you'd lose, but this system is supposedly legal.

When asked, ChatGPT estimates the risk from a scale of 1 to 100 associated with crypto to be 70 and 80 for gambling.

Obviously, this numbers are not true because ChatGPT is trying to respect the establishment and is considering the fact that crypto isn't regulated to be a high risk.

Now coming to gambling, it obviously isn't trying to ruin business for these companies because it is a rather 99.99 risk factor.

Conclusively, I asked:

"What's better? studying the market to invest in crypto or gambling? - don't worry I won't count it as investment advice"

And it responded

Studying the market to invest in cryptocurrencies is generally considered a more informed approach compared to gambling. Here's why:

1.Informed Decision-Making: Studying the market involves analyzing various factors such as market trends, historical data, news, and fundamental analysis of cryptocurrencies. This research allows investors to make more informed decisions based on data and analysis rather than relying solely on chance or luck, which is characteristic of gambling.

2.Risk Management: When studying the market, investors can employ risk management strategies such as diversification, setting stop-loss orders, and determining their risk tolerance. These strategies aim to mitigate potential losses and manage risk exposure. In gambling, the outcomes are typically random, and risk management strategies are limited.

3.Long-Term Investment Potential: Investing in cryptocurrencies with a thorough understanding of the market can provide opportunities for long-term investment growth. By identifying promising projects, assessing technological advancements, and tracking market trends, investors can potentially identify cryptocurrencies with strong potential for future value appreciation. Gambling, on the other hand, is typically focused on short-term outcomes and instant gratification.

4.Financial Education: Studying the market to invest in cryptocurrencies requires acquiring knowledge about blockchain technology, cryptocurrencies, and financial markets. This learning process can contribute to financial education and understanding investment principles, which can be valuable beyond the scope of cryptocurrencies. Gambling, while it may involve learning specific rules and strategies for certain games, generally does not provide the same level of financial education.

It's important to note that investing in cryptocurrencies still carries risks, including market volatility and regulatory uncertainties. Thorough research, understanding one's risk tolerance, and considering professional advice are essential before making any investment decisions.

While studying the market provides a more informed approach to investing in cryptocurrencies, it's important to differentiate investment from speculation and recognize that no investment is guaranteed to be profitable.

So there you have it, even AI agrees that we should study and invest in crypto as opposed to gambling our life away with these structures engineered to rekt us yet legalized by the system.

Make informed decisions, don't gamble, this is financial advice and you can thank me later :)