Is bitcoin a form of gambling?

[masudginanjar]

The Fiat that we use, such as USD, INR, EURO, POUND, are all money that we basically use as a medium of exchange and the use is different and it has been happening since it was first created thousands of years ago.
Bitcoin was created also for Peer To Peer transactions and it was the first use for Bitcoin and after that Bitcoin was also used to pass things that changed such as gambling platforms that accept Bitcoin.

[therozaq]

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 Bitcoin is not gambling, It is investation. So, We should learn the chart  while investing.
Bitcoin is the future currency, I don't believe It will be banned permanently at several countries.
Wait the moment, all countries will accept bitcoin.
About US, it's just matter of time.

[I-Bit]

Bitcoin is not a form of gambling, but it can be one of the things to be used in gambling.
Many online gamblings right now accept Bitcoin as the payment, moreover the crypto gambling online sites,
Additionally, about trading crypto, it can be also considered as gambling if we only trade without any analysis and knowledge

[Johan Susanto]

Bitcoin is not a form of gambling, but it can be one of the things to be used in gambling.
Many online gamblings right now accept Bitcoin as the payment, moreover the crypto gambling online sites,
Additionally, about trading crypto, it can be also considered as gambling if we only trade without any analysis and knowledge

Yes I agree, trading without knowledge and analysis can also be called as gambling. Me as a gambling entusiast really glad that so many sites offer crypto payment. It's indeed a very high risk but also lots of fun and you can gain a lot too.

[collinsjie]

Bitcoin is never a form of gambling at all. It is when you don't what you are doing that Bitcoin or any form of crypto or Forex trading is a form of gambling. Some persons do not know the basics of trading crypto or forex, they just start gambling with their money and in the end when they lost their money they will say that trading is gambling. As a potential trader or investor, you should know when to invest and when not to invest. Learn the rudiments of trading before you jump into it.

[bmw1]

Bitcoin is a coin that has risen above the rest of the world. In fact, the way those who use Bitcoin will work in the same way as if someone gambled on Bitcoin, it will be the same, moreover, those who think positively about Bitcoin, how Bitcoin is considered to be very good.

[Doctor]

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 bitcoin is not gambling , Becauee we invest in bitcoin and altcoin, result of analyzing .
Learn the bitcoin mad altcoins, starting to invest.
So, I don't think analyzing as the same as gambling.
Never.
Crypto are risky, but We must be careful to invest on them.

[Google+]

so far as I know the main purpose of bitcoin is to implement anonymous payments and is not known by many people and the most important thing is that the speed of transactions between countries becomes easier, in contrast to fiat currencies which are very difficult to make transactions between countries.

[Lanirex]

There is always this perception, is Bitcoin a gamble? Yes, this question often comes from people who are new to Bitcoin, and I think it's natural. If they continue to be in this Cryptocurrency, then he will know Bitcoin and will understand it. 
So they know that Bitcoin is not a form of gambling, but Bitcoin is a new technology in payments with various advantages for anyone who has it.

[mlawson71]

Maybe OP meant whether trading Bitcoin is a form of gambling, because Bitcoin is so volatile?

[dekafee79]

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.?

If you said bitcoin is gambling, I think I don't agree because bitcoin is investment. So, every investment need analysis, prediction . that's not gambling.
Maybe we ever lose sometimes, but We will get profit if you have good analysis and prediction.
that's my opinion about bitcoin.

[doc]

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.?

If you said bitcoin is gambling, I think I don't agree because bitcoin is investment. So, every investment need analysis, prediction . that's not gambling.
Maybe we ever lose sometimes, but We will get profit if you have good analysis and prediction.
that's my opinion about bitcoin.

Gambling or not I think It depends on their perception.
If they believe bitcoin will give them profit, because It results from their analysis, I think They will say , it's not gambling.
But for them, didn't have knowledge and analysis, buy and sell.
Often loss... they will say bitcoin is gambling.

[Sumi]

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.

[elbans89]

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.

If you think bitcoin is gambling, I think you didn't learn more about the chart, fundamental and technical analysis.
We should learn more about analysis.
We invest , must know what the risk and chance.

[Papusha20]

Currently, we have expanded the Bitcoin game site.  Bitcoin has spread widely in the world today.  The result is the price of bitcoin.  Gambling sites play a huge role in the spread of Bitcoin.  And right now we're getting all the news that is gambling.