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Author Topic: Is bitcoin a form of gambling?  (Read 8034 times)

Offline Crypto

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Is bitcoin a form of gambling?
« on: September 21, 2018, 09:22:58 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.?

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Is bitcoin a form of gambling?
« on: September 21, 2018, 09:22:58 AM »

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Offline aldi putra

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Re: Is bitcoin a form of gambling?
« Reply #1 on: September 21, 2018, 04:19:10 PM »
I don't think that bitcoin is gambling, I prefer to call it investment, because when we gamble we don't know how much we can win if bitcoin is that we know how much we will win. that's just according to my thinking that is still learning

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Re: Is bitcoin a form of gambling?
« Reply #2 on: September 21, 2018, 09:34:18 PM »
I do  not see bitcoin as gambling. In gambling you either lose or win while for bitcoin it is a risky investment that will yield more profit when you HODL. You can sell at a lost but not lose completely like in gambling

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Re: Is bitcoin a form of gambling?
« Reply #3 on: September 21, 2018, 11:21:05 PM »
For people who aren't really right with Bitcoin, that person will consider Bitcoin to be a form of gambling, but for people who have known bitcoin for a long time, they don't think Bitcoin is a form of gambling.

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Re: Is bitcoin a form of gambling?
« Reply #4 on: September 21, 2018, 11:36:59 PM »
Actually Bitcoin is not a form of gambling, but there are indeed some people who make Bitcoin a tool for gambling. but in my opinion the trade in bitcoin and other Crypto is similar to gambling, because the price of coins that goes up and down quickly. and if someone is good at seeing this then this can make a lot of money.
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Re: Is bitcoin a form of gambling?
« Reply #5 on: September 22, 2018, 02:04:20 AM »
actually bitcoin is not gambling, but maybe there are some who get bitcoin by gambling, so their coins multiply instantly, but there are also only for investment

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Re: Is bitcoin a form of gambling?
« Reply #6 on: September 22, 2018, 02:09:49 AM »
No I think Bitcoin is not a form of gambling. Bitcoin is smart strategy and do at the right time.
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Re: Is bitcoin a form of gambling?
« Reply #6 on: September 22, 2018, 02:09:49 AM »


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Re: Is bitcoin a form of gambling?
« Reply #7 on: September 22, 2018, 05:10:01 AM »
Bitcoin is trading. Bitcoin can be bought and sold like gold. Even some people say that bitcoin is digital gold. Like gold, bitcoin can also be bought, held and sold when prices are high.

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Re: Is bitcoin a form of gambling?
« Reply #8 on: September 22, 2018, 05:43:33 AM »
Bitcoin is not a form of gambling it is looks like because gamblers influence others to use the popularity of bitcoin. Now, there are some casino that accepted bitcoin and some major cryptocurrencies.
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Re: Is bitcoin a form of gambling?
« Reply #9 on: September 22, 2018, 05:44:18 AM »
bitcoin is not gambling but bitcoin is an investment because in gambling there is a loss there is a win while bitcoin is an investment that will make a profit. Because in my opinion bitcoin is a trade that can buy and sell like gold and always see prices rising and falling quickly. if someone is good at seeing then this can make a lot of money, so I think bitcoin is not gambling.

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Re: Is bitcoin a form of gambling?
« Reply #10 on: September 22, 2018, 08:33:30 AM »
that's the comments of  people who aren't really  understand what's bitcoin is,i don't see any form of gambling in bitcoin.it's purely an investment,some prepared to put up money a capital for trading and earned profit while others no fraction of their earnings but  the joint a bounty campaign they invest on their time and labor and earned.so this is not a form of gamling
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Offline desanti

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Re: Is bitcoin a form of gambling?
« Reply #11 on: September 22, 2018, 10:47:27 AM »
for people who are not right they consider bitcoin as a form of gambling but for me to call it an investment while in gambling there are losers who win. while bitcoin is an investment that will generate profits.

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Re: Is bitcoin a form of gambling?
« Reply #12 on: September 22, 2018, 11:28:39 AM »
Personally, I think bitcoin is investment, not gambling. It works very difference with gambling. Bitcoin just like an asset like home, land, or stock. I don't agree if you claim it as a gambling form.
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Re: Is bitcoin a form of gambling?
« Reply #13 on: September 22, 2018, 11:42:19 AM »
For me it is, Like what we always said "Just invest what you can afford to lose" so for me it's kind of gambling that's really very risky. But if you're going to study about it you will have alot of advantages to this gambling.
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Re: Is bitcoin a form of gambling?
« Reply #14 on: September 22, 2018, 11:58:01 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.?

No I am not agree, If bitcoin is a form of gambling. Bitcoin is good investment with smart strategy.
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