follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Is bitcoin a form of gambling?  (Read 7983 times)

Offline jessie_hendrawan

  • Baby Steps
  • *
  • Activity: 39
  • points:
    1488
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 03, 2022, 05:14:25 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Re: Is bitcoin a form of gambling?
« Reply #45 on: September 16, 2021, 04:35:26 PM »
No problem about that strategy. If you feel you like it and you enjoy it. Then just continue to do what you are doing. Each type of strategy has risk, disadvantages, and advantages.

If someday you feel not comfortable, just swift to new style like combining both. Trade while you are waiting for profit from your investment holding.
Yes, eventho sometime im like FOMO and jealous with my friends who got their daily profit from their daily trading hahaha

Altcoins Talks - Cryptocurrency Forum

Re: Is bitcoin a form of gambling?
« Reply #45 on: September 16, 2021, 04:35:26 PM »

For Monthly biddings Check Here


Offline mlawson71

  • Legendary
  • *
  • Activity: 1866
  • points:
    35407
  • Karma: 29
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 06, 2022, 05:20:08 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #46 on: September 16, 2021, 04:39:56 PM »
Trading currencies, including cryptocurrencies, is not gambling. It requires a lot of knowledge and experience to properly analyze the market. That is not the same as relying on your luck.

Offline Master107

  • Legendary
  • *
  • *
  • Activity: 3732
  • points:
    69049
  • Karma: 448
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: January 21, 2024, 01:34:58 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #47 on: September 17, 2021, 01:32:11 PM »
Trading currencies, including cryptocurrencies, is not gambling. It requires a lot of knowledge and experience to properly analyze the market. That is not the same as relying on your luck.

Experience and knowledge could save the traders money during FOMO and panic. Meanwhile the emotional base traders are always in danger. Luck is none sense in successful trading.

Trading is different from gambling. Gambling would be about luck but trading is knowledge base.

Offline jessie_hendrawan

  • Baby Steps
  • *
  • Activity: 39
  • points:
    1488
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 03, 2022, 05:14:25 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Re: Is bitcoin a form of gambling?
« Reply #48 on: September 17, 2021, 05:30:24 PM »
Experience and knowledge could save the traders money during FOMO and panic. Meanwhile the emotional base traders are always in danger. Luck is none sense in successful trading.

Trading is different from gambling. Gambling would be about luck but trading is knowledge base.
Yes trading is nothing like gambling. And you're right gambling is all about luck and feeling lucky at the moment.

Offline Master107

  • Legendary
  • *
  • *
  • Activity: 3732
  • points:
    69049
  • Karma: 448
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: January 21, 2024, 01:34:58 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #49 on: September 17, 2021, 08:30:01 PM »
Experience and knowledge could save the traders money during FOMO and panic. Meanwhile the emotional base traders are always in danger. Luck is none sense in successful trading.

Trading is different from gambling. Gambling would be about luck but trading is knowledge base.
Yes trading is nothing like gambling. And you're right gambling is all about luck and feeling lucky at the moment.

Yeah, gambling is trying to put your bid into the unknown result because the ball is uncontrollable where it should stop over. While crypto trading is not like that, it is about knowledge, patience, perfect timing of execution, and organic growth to develop maturity mindset to differentiate mind and heart decision.

Offline jessie_hendrawan

  • Baby Steps
  • *
  • Activity: 39
  • points:
    1488
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 03, 2022, 05:14:25 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Re: Is bitcoin a form of gambling?
« Reply #50 on: September 18, 2021, 07:15:45 PM »
Yeah, gambling is trying to put your bid into the unknown result because the ball is uncontrollable where it should stop over. While crypto trading is not like that, it is about knowledge, patience, perfect timing of execution, and organic growth to develop maturity mindset to differentiate mind and heart decision.
Exactly, we need to learn the fundamentals first with trading. Gambling is like a hobby, and it's fun until you lost hahaha

Offline mlawson71

  • Legendary
  • *
  • Activity: 1866
  • points:
    35407
  • Karma: 29
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 06, 2022, 05:20:08 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #51 on: September 19, 2021, 04:27:01 PM »
I am sure for those who can afford it, even the losing is fun, because it just emphasizes the joy of winning. Trading really shouldn't be approached like that though.

Altcoins Talks - Cryptocurrency Forum

Re: Is bitcoin a form of gambling?
« Reply #51 on: September 19, 2021, 04:27:01 PM »


Offline jessie_hendrawan

  • Baby Steps
  • *
  • Activity: 39
  • points:
    1488
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 03, 2022, 05:14:25 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Re: Is bitcoin a form of gambling?
« Reply #52 on: September 19, 2021, 09:03:55 PM »
I am sure for those who can afford it, even the losing is fun, because it just emphasizes the joy of winning. Trading really shouldn't be approached like that though.
Yes trading is very different. When you lose some money, its not fun at all. It's different than gambling.

Offline Master107

  • Legendary
  • *
  • *
  • Activity: 3732
  • points:
    69049
  • Karma: 448
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: January 21, 2024, 01:34:58 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #53 on: September 20, 2021, 03:46:08 AM »
Yeah, gambling is trying to put your bid into the unknown result because the ball is uncontrollable where it should stop over. While crypto trading is not like that, it is about knowledge, patience, perfect timing of execution, and organic growth to develop maturity mindset to differentiate mind and heart decision.
Exactly, we need to learn the fundamentals first with trading. Gambling is like a hobby, and it's fun until you lost hahaha

Fun while playing. :D :D But nightmare if loses all the money. Meanwhile in trading deep analysis and application to put all the basic into action.

Offline jessie_hendrawan

  • Baby Steps
  • *
  • Activity: 39
  • points:
    1488
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 03, 2022, 05:14:25 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Re: Is bitcoin a form of gambling?
« Reply #54 on: September 20, 2021, 07:56:16 PM »

Fun while playing. :D :D But nightmare if loses all the money. Meanwhile in trading deep analysis and application to put all the basic into action.
With trading, you can actually learn how, but with gambling, its all grey area. very very tricky. just be wise.

Offline yohananaomi

  • Legendary
  • *
  • *
  • Activity: 1931
  • points:
    83907
  • Karma: 289
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 05:08:57 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Re: Is bitcoin a form of gambling?
« Reply #55 on: September 20, 2021, 10:53:33 PM »

Fun while playing. :D :D But nightmare if loses all the money. Meanwhile in trading deep analysis and application to put all the basic into action.
With trading, you can actually learn how, but with gambling, its all grey area. very very tricky. just be wise.
Obviously, as the saying goes "that nothing gets rich from gambling" is indeed a reality, but human nature is indeed different in whatever one will do. agree that it is better to learn how to trade well then there will be a bright way out ahead than to gamble.

Offline Master107

  • Legendary
  • *
  • *
  • Activity: 3732
  • points:
    69049
  • Karma: 448
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: January 21, 2024, 01:34:58 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #56 on: September 21, 2021, 03:00:45 AM »

Fun while playing. :D :D But nightmare if loses all the money. Meanwhile in trading deep analysis and application to put all the basic into action.
With trading, you can actually learn how, but with gambling, its all grey area. very very tricky. just be wise.
Obviously, as the saying goes "that nothing gets rich from gambling" is indeed a reality, but human nature is indeed different in whatever one will do. agree that it is better to learn how to trade well then there will be a bright way out ahead than to gamble.

Yeah, gambling is addictive but more likely unstable environment with higher risk than trading. It is also good to consider playing p2e games. At least monthly or weekly there's a regular income to withdraw.

Offline de_prof

  • Legendary
  • *
  • Activity: 1386
  • points:
    39588
  • Karma: 222
  • Mixero: Privacy by XMR (Monero) bridge
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 25, 2024, 05:49:07 PM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 1000 Posts
Re: Is bitcoin a form of gambling?
« Reply #57 on: September 21, 2021, 06:25:32 AM »
In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings.  I think everyone will agree that's a form of gambling.

In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.

Is this aspect a form of gambling?

And if so, is that illegal in the U.S.?

i think It's not gambling.
We must to learn and has analizing before doing investment.
If you talk, bitcoin is unpredictable, that's true.
But If there is the people said It's gambling, I think I'm not agree with this.
░░░░░░░░░░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░░░░░░░░░░░░░░░█████████████
░░░░░░█████████░░█████████████
░░░░░░█████████
░░░░░░█████████
░░░░░░█████████░░░░█████████
░░░░░░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
██████████████████████████████
█████████▀▀███▀▀░░▀▀▀█████████
███████▀░░█▀░░░░▄▄▄▄▄▄▄███████
██████░░░██░░▄█▀▀░░░░░▀▀██████
█████░░░░█░░███████▄▄▄░░░▀████
███░██░░░█▄████████▄░▀█▄░░░███
███░░██░░░███████████░░▀█▄░███
████░░▀██▄▄████████░██░░░█▄███
█████░░░░░▀▀▀▀▀▀██░░██░░░█████
███████▄▄▄▄▄▄▄█▀░░░▄█░░░██████
████████▀▀▀▀░░░░░░██░░▄███████
██████████▄▄▄▄▄████▄██████████
██████████████████████████████
██████████████████████████████████████████████████████████████████████████████████
.
MIXERO.IO
.
██████████████████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
..
..
..
..
..
..
..
..
██████████████████████████████
███████▀▀██░▀█████████████████
████████░░█░█▀▀░██████████████
████████░░▀░░░▄███████████████
██████▀░░░░░░░░░▀██████░▀█████
████▀░░░░░░░░░░░░░██▀▀█▄░░████
████░░░░░░░░░░░▄████▄░▀██░░███
████░░░░░░░░░▄██▀░▄██░░██░░███
█████░░░░░░▄██▀████▀░░██░░████
███████▄▄▄████▄░░░░▄██▀░░█████
███████████░░▀▀▀██▀▀▀░░▄██████
██████████████▄▄▄▄▄▄██████████
██████████████████████████████
..
..
..
..
████
██
██
██
██
██
██
██
██
██
██
██
████
██████████████████████████████████████████████████████████████████████
.
MIX.NOW
.
██████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
█████████████
█████████████
░░░░░░░░░██████
█████████████░░░░██░░░██████
█████████████░░░░░░░░░██████
█████████████
█████████████░░█████████
░░░░░░░░░░░░░░░█████████
░░░░░░░░░░░░░░░█████████
░░█████████░░░░█████████
░░█████████
░░█████████░░░██░░░░░░░░░░████
░░█████████░░░░░░░░░░░░░░░████

Offline Dora Walletinvestor

  • Sr. Member
  • *
  • Activity: 340
  • points:
    13358
  • Karma: 12
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 29, 2022, 10:52:24 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #58 on: September 21, 2021, 10:19:25 AM »
It's most definitely not gambling.

If you are referring to mining. even though you can't exactly predict the rewards, you put in the effort needed to get that coin and the outcome depends on your (or rather, your computer's) speed, strength, etc.

When it comes to trading or investing, ideally you make decisions based on rational factors such as news and analysis. Therefore your gains and losses are not completely out of your control like it would be in the case of gambling. Of course, if you don't do your due diligence and make decisions on a whim, you might as well be gambling, but that's not cryptos' fault.
Check out the latest forecasts and news about cryptocurrencies, stocks, forex pairs and more on WalletInvestor.com

Offline Master107

  • Legendary
  • *
  • *
  • Activity: 3732
  • points:
    69049
  • Karma: 448
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: January 21, 2024, 01:34:58 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Is bitcoin a form of gambling?
« Reply #59 on: September 21, 2021, 11:12:11 AM »
...,But If there is the people said It's gambling, I think I'm not agree with this.

Possible others will think about Bitcoin as gambling 'coz it is normal for newbies to think of it as it is. But later on they will realize that it is not. The only thing to make it gambling is directly join the gambling games in crypto which every players could earn Btc, Eth, or whatever that are available coins to win in the game.

That is the gambling because it is not an investment no assurance to still hold the BTC when the bits didn't work. While BTC investment is directly buy BTC on any exchange  that allow BTC trading.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod