pokerface trevor balthrop

Fear Mongering with Gambling


With Gambling you have two options:

Option A. Take part

Option B. Don't take part

The more you take part the more you gamble!

The more you take part the more you have the option to go with option B.

Everyone has this decision! And of course, I am not by any means a financial professional. 

But!

Those are our options.

This is especially true when it comes to investing your money. 

However, the stigma that everything is an extreme gamble seems old and farfetched.

Take Stablecoins, for instance, such as Tether or Dai. These two coins exist purely based on the value of a single US Dollar. 

These coins along with many others offer compound interest savings that reward you far better than any bank account. Most banks offer 1.25% APY interest which is way too low for people to climb out of this American wasteland. 

This one here is a good example of the best you would ever get from using a traditional bank.

interest trevor balthrop

(source: Ally Financial Bank)

As the dotted star reads too... this doesn't include fees like processing or taxes. 

Yes, it is better than nothing! However, it is still next to nothing for it to actually make any difference in our lives. 

It is even sad to think that the American Economy's Stock Market could have and sort of has been offering great APY & APR rates for many years now. Just not really advertising or offering them to anyone. It is all a matter of meeting their terms when it comes to saving your money with some random financial institution. 

Banks make a shit ton of money too!

The fact that the most they are willing to pay us back might be $30 after a year's worth of time. It seems much scarier than this fear that crypto & stocks are gambling.

The banks, after all, did get a whole lot of free money from a bailout awhile back, didn't they?

Yet it is now more than a decade since that downtrend has happened and yet fears are still running rampant in the minds of people everywhere.

The biggest of these fears is the fear that investing your money is gambling. 

351665157-ed04553614e00b9962c25d96b59a409c93aab45743e1b3fbe653931d8fe7609e.png

So...

Is buying a house gambling?

Is buying a vehicle gambling?

Is starting a business gambling?

Is saving your money at your Uncle's house gambling?

The list goes on!

Think of how many thousands of people could benefit from being able to save and make a house payment every month using money that just gained $100 in a month or even in a week.

It would be party town in the USA all over again!

With these questions, it really only brings us back to our original answer. Only in a different form!

Is everything you buy a gamble?

If not, then is it a choice that is a gamble?

I think the answer is yes to both! It isn't an easy answer but it does help us see how everything in life is truly a gamble.

The only question you should ask yourself is how much you are willing to gamble your time in exchange for some form of payment. 

Whether that's in the form of trying to work for some company, a family member, buying something, selling something, or just plain creating something. 

Not all types of payments can be used to double future payments. One thing that should not be scary is the fact that everyone gets these.

Everyone gets paid somehow, and some way. 

351665157-00871c51c61b89b56d1ba2eb8b83a9d6b1d63a6cb8e017cc6c230026f585e385.png

(source: https://coincentral.com/wp-content/uploads/2019/01/country.png)

Still, a very low amount of the entire global population has invested into cryptocurrencies.

The volume here shows for it in this graph. Despite the USA having a lot of exchanges they very little actual volume.

Imagine how insane cryptocurrency would get if more people knew they could be HODL'ing like a Rockstar. 

For now, remains the option there for those that want to take part. 

As a newbie, I have not taken part in much but I am very extremely pleased with the small-term results I've seen thus far. 

What should I take part in, and what shouldn't I take part in?

There is never any right or wrong answer since it is a gamble either way.

It is a terrible thing the word Gambling scares so many still to this day.

They could be largely benefiting from the same small results I or anyone else has seen. With the option to walk away at any time!

 

 

Respectfully,

 

 

Trevor Balthrop

 

P.S. - Thank you so much for reading!!!

How do you rate this article?

2


TrevorBalthrop
TrevorBalthrop Verified Member

Bitcoin ₿ | Ethereum | Fraud Fighter - Trevor Balthrop | YouTuber


Fraud Fighter | Trevor Balthrop
Fraud Fighter | Trevor Balthrop

Unmasking Fraud: Real Scams, Real Lessons, Real Protection 🕵️‍♂️💰 Your top spot for fraud prevention, scam alerts, and exposing financial abuse. Weekly, we dive into the tricky world of scammers, from history’s boldest con artists to today’s online crypto scams and phishing tricks. 🔎 Here’s what you’ll find: ✅ Deep dives into real fraud cases, old and new ✅ Tips to spot scam warning signs early ✅ Expert advice and financial wisdom (but not advice)

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.