The Crypto industry is a very large space with different ways to enrich it's users which most of us here knows about. I once read a post concerning how we could make money in the Crypto world and various thoughts from different users triggered me to create this topic What aspect of Crypto is likely Gambling?

Most individuals compares crypto trading to Gambling, others compares crypto airdrops (P2E, A.K.A Tap-Tap) to gambling. While some still compare the likes of presales, ICO's, Investing in memecoins, pump and dump schemes etc to gambling.

Though most users do their personal comparison but in this present, what aspect of Crypto can be equated to gambling?

Your thoughts.

speculative trading some how resembles gambling especially as it depends a lot on hype which gamblers do a lot to stake during gambling. Also, most crypto projects I have come across runs as virtual gambling platforms,in the sense that those invovled bet tokens with high hopes of winning as is also the case in gambling. In actual sense this is the game of gambling the difference is that users engage in it using digital tokens instead

Hi everyone

I am asking this question out of curiosity and to also know what you guys think...

if the government of your country decides to launch a centralized cryptocurrency exchange specifically for her citizens which you are part of, will you shift your usage of other exchanges to this exchange without being forced?

1. That is, if the government did not ban the citizens from using other global exchanges, will you willingly switch to using the exchange from the government of your country?





A situation where the government of my country decides to launch a centralized cryptocurrency, I wouldn't immediately jump into it just because it's my government but would rather seek clarification on very critical questions such as, how protected and fortified is this centralized crypto, the information they would require to be captured into it will also be checked, how competitive is the coin in terms of pricing and trade transaction. wont this government wake up one day and just decide to freeze stiff peoples account as a means of fighting political enemies or something.
  If all the questions are answered in all honesty and am convinced, then its fine, but I will still not go in full swing, but will keep engaging other crypto platforms as the saying goes "don't put all your eggs in one basket".

2. If the government bans, and blocks citizens access to other exchanges except the country's own exchange, will you forcefully use the exchange or will you find alternative means of accessing other global exchanges?

Let's read your take on this and do forget to give clear reasons why you did choose whatever you choosed..

Well, since we want Bitcoin to be legalized in all countries. I think since it is used more or less by everyone or in many countries it is also used as an investment and transaction. Since there is a good demand for Bitcoin by people, I think if it is legalized, everyone will probably use Bitcoin as an investment and transaction. But is there anything we can do for this. Which will help legalize Bitcoin.

What are your comments.??

The wider the acceptance of bitcoin the higher its chances of been legalized. But an attempt to make this possible will require a dogged approach in sensitization and enlightenment of a vast majority of people to see the benefit, function and value of bitcoin, as no one would want to get into something they know very little or nothing about.
  More importantly, there should be a firm collaboration with government bodies to accept it and create regulatory frameworks governing its usage. As a matter of fact, it is the government that can successfully push for broader endorsement of btc within their domain and at the same time set up parameters to ensure its usage is safe and secured. Mind you, achieving this will not be a walk in the park as a whole lot is still required.   

Bitcoin is a thrilling opportunity for me because of it's potential high returns and historical price appreciation that brings significant gains to investors.

And that is regardless of sometimes extreme market volatility, ongoing regulatory uncertainties and the potential for significant loss due to many factors.

Do you feel the same too?

BTC kick started a new trend of financial freedom for many through the use of its digital technology. It's rate of return particularly for early users has attracted many including, institutions, cooperation's, organizations and even countries which have adopted bitcoin as its national reserve asset today. But on the flip side, it's still very unpredictable, as it's price fluctuation and instability keep happening unexpectedly. Surprisingly, you can just wake to see it drop drastically in percentage. Bitcoin is still yet to attain widespread acceptability for use in daily purchases, transactions, exchanges and financial activities. Its value is predominantly determined by people's viewpoint and overall perspective rather than what it actually yields and generates.
so, yes it can be considered a thrilling investment and at the same time a risky bet

We all know that Bitcoin is the currency that is on everyone's lips, everyone wants it and it's increasing in value every 2 years on average.

There are a few ways to obtain bitcoins, such as:

Working in formal jobs, freelance, earning extra income on the internet, offering products and services to sell.

Some ways are smarter than others, but as long as it's done honestly, that's what matters.

What are your tips for acquiring bitcoins and other cryptos honestly (or just BTC if you are a maximalist), and if possible, with less effort and with a greater capacity to earn an income. For example:

You can work in the IT area, whether you have a degree or not or you can study to become a doctor (which takes about 5 to 6 years). Certainly with this increase in professional qualification, your work value is higher than low-skilled jobs, but you will have to sacrifice a few years of studying, sometimes even paying for college, to finally enjoy the salary of the profession you practice.

Do you understand my point? This was just an example of how you will make the most of your time and develop strategies to accumulate satoshis with greater capacity.

I hope I'm not misunderstood as someone looking for easy money, I know it doesn't exist. But there are honest ways to move up in life and earn a higher income.

one simple way to obtain crypto is to locate websites that give away crypto as reward for carrying out or succeeding in a task. Although, this may not really amount to much but it's worth the effort. Yet still, are some other platforms where you earn interest over a period of time for staking bitcoin or other cryptocurrencies.
In other words, not many efforts involved yet you gain cryptocurrency.

Feel free to vote and drop your reasons in the comments. Lets see where the real conviction lies for the year ahead and there is no better place to find out on what altcoins you are missing out on than on this forum.

I would rather go for ETH as it has continued to hold onto its foremost position in the blockchain space. There're still possibilities it will yet scale higher altitudes in 2025 with predictions of $5000 t0 $10000. 

Trump interest in cryptocurrency is very good for the crypto space as we have seen on the day of the election, but I expect his administration to be and mix of optimism and uncertainty, they may also prioritize a lenient regulatory for cryptocurrencies to have a conducive environment for growth. Since a politician is getting involved if the market I would watch out for any news surrounding him that would cause a sudden shift in volatility

I would probably say we need to fasten ourselves for a bumpy ride it's not up to a month since his inauguration, I'll love to see how Q2 would look like. What do you think?

In this current administration of the US president Trump, the crypto sector particularly in the United States is evolving rapidly. Trump has vowed to restructure certain laws regulating digital currency, which prior to this time have been stringent. We see some of his recent policies favoring cryptocurrency even with his family's involvement in the sector. these're positive signs of what positive outcome the industry may experience.