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Author Topic: Is bitcoin a form of gambling?  (Read 7986 times)

Offline LaZim

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Re: Is bitcoin a form of gambling?
« Reply #90 on: October 20, 2021, 05:42:21 PM »
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.
The blockchain technology itself, like bitcoin itself, is not something gambling. But bitcoin can be used in various gambling games and bet in bitcoins. People also have a passion to play for raising and lowering prices. But this is already called trading.

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Re: Is bitcoin a form of gambling?
« Reply #90 on: October 20, 2021, 05:42:21 PM »

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Re: Is bitcoin a form of gambling?
« Reply #91 on: October 21, 2021, 02:33:26 PM »
Bitcoin is a cryptocurrency currency that you can use wherever you take it. If you use Bitcoin for good then it is definitely good.And if you use this bitcoin for a bad purpose, it will become a bad thing. Meanwhile, it will continue to be the way you use it.

Offline shadowdio

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Re: Is bitcoin a form of gambling?
« Reply #92 on: October 21, 2021, 04:30:14 PM »
Investing in bitcoin is like a little bit gambling but for me is a form of investment because you will not losing money if you hold bitcoin for long or just hold until you make profit. Bitcoin is really good investment in my opinion. I never heard banning or illegal using bitcoin in the US.

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Re: Is bitcoin a form of gambling?
« Reply #93 on: October 21, 2021, 05:59:56 PM »
Gambling depends almost entirely on luck.  But trading is completely different from gambling.  Investors should have sufficient knowledge and talent about cryptocurrency for bitcoin trading.  Coins are traded based on preconceived notions about the cryptocurrency market.  The experience we need in bitcoin trading is not required in gambling.

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Re: Is bitcoin a form of gambling?
« Reply #94 on: October 21, 2021, 08:06:25 PM »
Cryptocurrency, and in particular bitcoin, is very far from gambling. The cryptocurrency market is more like the stock market. Shares of various firms and corporations also rise and fall, bringing profits and losses to their owners. However, price fluctuations there are not as large as in the cryptocurrency market.

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Re: Is bitcoin a form of gambling?
« Reply #95 on: October 22, 2021, 04:13:58 AM »
Bitcoin is of course not created from gambling, bitcoin was created by Satoshi Nakamoto to be an alternative money that can be used to make transactions, so it doesn't come from gambling places, gambling often uses bitcoin because it wants to make transactions easier.

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Re: Is bitcoin a form of gambling?
« Reply #96 on: October 22, 2021, 02:49:02 PM »
Gambling depends almost entirely on luck.  But trading is completely different from gambling.  Investors should have sufficient knowledge and talent about cryptocurrency for bitcoin trading.  Coins are traded based on preconceived notions about the cryptocurrency market.  The experience we need in bitcoin trading is not required in gambling.


You're right. Investors should have knowledge and talent. Because it invest in crypto currency is not easy.
We must learn the chart, the team and the project
I don't think bitcoin is gambling.
Maybe they that didn't know bitcoin , say that.

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Re: Is bitcoin a form of gambling?
« Reply #96 on: October 22, 2021, 02:49:02 PM »


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Re: Is bitcoin a form of gambling?
« Reply #97 on: October 22, 2021, 06:11:28 PM »
If one relies on luck when trading they are in for some very unpleasant experiences, I think. It's a very poor idea to do that. Rely on logic and knowledge, not chance.

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Re: Is bitcoin a form of gambling?
« Reply #98 on: October 23, 2021, 05:48:40 AM »
All financial platforms in this world can be used for good or bad depending on those who own the asset, for example, we have 1 kg of gold and the gold can be used by the owner for ordinary trading or gambling on various legal platforms.
Bitcoin was first designed for super fast, secure transactions without third parties so that there is no intervention from any party and this is what I think that Bitcoin is definitely not designed for gambling in the first place.

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Offline Sumi

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Re: Is bitcoin a form of gambling?
« Reply #99 on: October 24, 2021, 03:57:47 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.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 #100 on: October 24, 2021, 11:26:54 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.
For newcomers or people who just know about Bitcoin, or never know about Bitcoin investment, they probably will think Bitcoin investment is the same as gambling. They may think only about gaining profits or losing money. They don't think about the process, Bitcoin investment requires sufficient knowledge and patient to hold the Bitcoin. While gambling, is sometimes luck-based only, no need for knowledge. It cannot happen in Bitcoin investment, sufficient knowledge is a must and the result mostly cannot determine by the luck.

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Re: Is bitcoin a form of gambling?
« Reply #101 on: October 25, 2021, 05:10:38 PM »
When Bitcoin can be a gamble. It's a market. There is no bet on any kind of money. Gambling is one of the things you lose and you get rich. But Bitcoin is a market place. Here you can be rich but you can't be a beggar.

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Re: Is bitcoin a form of gambling?
« Reply #102 on: October 27, 2021, 01:01:24 PM »
Bitcoin is an asset of the future because the supply is limited and this Bitcoin is really good to hold in the long term and this Bitcoin is not a gamble but an asset.
But for those who are new to cryptocurrency, they can say things like that because they buy Bitcoin at a high price and don't buy it at a low price and this incident has a lot of stories.
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Offline Senin

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Re: Is bitcoin a form of gambling?
« Reply #103 on: October 27, 2021, 06:34:17 PM »
You cannot treat bitcoin or any other cryptocurrency as a gamble, otherwise, with this approach, it will inevitably lead to losses. Bitcoin and other decentralized cryptocurrencies are primarily a means of payment and at the same time a financial asset, the value of which can change - rise or fall, that is, it has the characteristics of a stock. Nobody compares the stock market to gambling, nor is the cryptocurrency market.

Offline Esmeralda Zhang

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Re: Is bitcoin a form of gambling?
« Reply #104 on: October 30, 2021, 11:14:53 AM »
bitcoin is not the same as gambling.
There is a very different concept between cryptocurrency and gambling.

 

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