Is bitcoin a form of gambling?

[Esmeralda Zhang]

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.

If for bitcoin trading, does that also include gambling?
because when we trade it also doesn't know whether the value of btc or crypto will go up or down

[yohananaomi]

Fun while playing. 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.

Wow, I just found out about p2e games, but usually when it comes to gameplay, it doesn't seem to give anything that can surprise and we wait too long, if what you say is different from other games, of course it's very good to try.

[jessie_hendrawan]

Wow, I just found out about p2e games, but usually when it comes to gameplay, it doesn't seem to give anything that can surprise and we wait too long, if what you say is different from other games, of course it's very good to try.

Do you have to use deposit first with p2e games? Or all you have to do is just play without using any kinds of money?

[yohananaomi]

Wow, I just found out about p2e games, but usually when it comes to gameplay, it doesn't seem to give anything that can surprise and we wait too long, if what you say is different from other games, of course it's very good to try.

Do you have to use deposit first with p2e games? Or all you have to do is just play without using any kinds of money?

I myself have not tried it and have only just heard this information, hopefully those who provide the information will be able to answer it later, for fear that I will give the wrong answer.

[debra]

If for bitcoin trading, does that also include gambling? because when we trade it also doesn't know whether the value of btc or crypto will go up or down

No, trading isn't a kind of gambling, we don't rely on luck here. Bitcoin trading requires sufficient knowledge and experience, we cannot run it like in gambling. Bitcoin trading is almost the same as forex trading, but not the same as gambling. The rules in Bitcoin gambling is also different than gambling, here we have a community to know the price prediction and how to optimize the chance for profits.

[mlawson71]

I agree. Although there are some casinos out there that do use cryptos rather than fiat currencies, that is not even remotely trading. Trading and gambling are two very different things and should not be conflated with each other.

[vegasus]

It has been several times many people asking about this.
The answer in my opinion:
- Yes if we don't know exactly about Bitcoin, follow any hype, and buy and sell without any analysis. So we only based on the blind prediction
- No if we understand really Bitcoin and know how to analysis at least

[mlawson71]

You can gamble with trading anything if you don't know what you are doing and you're opening positions blindly, not just Bitcoin.

[Master107]

Fun while playing. 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.

Wow, I just found out about p2e games, but usually when it comes to gameplay, it doesn't seem to give anything that can surprise and we wait too long, if what you say is different from other games, of course it's very good to try.

To be honest. I'm not a gamer but now I'm trying. Maybe I will give time to that aspect. Actually, I have time now because no more bulks responsibilities in my studies.

Btw, I didn't even try it. I say those words because of my neighbors testimonies that they can collect profitable income in monthly basis depends on the market condition.

[Esmeralda Zhang]

To be honest. I'm not a gamer but now I'm trying. Maybe I will give time to that aspect. Actually, I have time now because no more bulks responsibilities in my studies.

Btw, I didn't even try it. I say those words because of my neighbors testimonies that they can collect profitable income in monthly basis depends on the market condition.

What games are you planning to try?

[Master107]

@Esmeralda Zhang
Looking forward to own one team in Axie just in case blessings will flow in my life soon. I also take to consideration the Metamon (I'm not advertising this game just for discussion purposes) game which will be launch sooner.

Also I'm planning to try what Ferki is promoting through his signature. You can look into it and try too. 

[Muneeb22]

This is not gambling becasue i am in the Crypto from last 2016 and i make good amount of profit in this business and i just invest small amount of money and just hold that and i make good amount of profit in it. crypto is the world best business at this time.

[Dreamer]

I don't think Bitcoin is a form of gambling because in Bitcoin there is stop loss and take profit features which means we can lose but not all, but these features are not available in gambling, if you lose then it's all that you have put.

[mlawson71]

Some casinos use Bitcoin to gamble with, same as others use Euro or Dollar. It doesn't make any of the currencies themselves "gambling".

[sampoerna]

Investing in Bitcoin is surely very different from gambling, you must understand first how to invest in Bitcoin properly. You must know that investing in Bitcoin requires some learning, it is not the same as gambling that is sometimes only based on the luck to win. In trading, without good knowledge, we risk our money and probably have a bad ending. Yep, investing in Bitcoin isn't like a game, it is a more serious bussiness.