What aspect of Crypto is likely gambling?

[Gposas]

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.

[Mr. Magkaisa]

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.

          -     That comparison is something that we can't get out of the minds of other crypto communities, especially if the person comes from a gambling background and has no idea about trading, in which case they will immediately think that trading is like gambling.

They won't think that they are different especially if they both need to use money. But even so, in reality, trading can be considered a skill while gambling is not, because in gambling we know that even if you don't know anything about it, there are chances that you can win a big amount if you get lucky, while in trading you don't really need to study.

[albon]

We all know that taking risks is an integral part of the investment game. So since crypto is more volatile than anything else, its price fluctuates dramatically so its sentiment is almost always heightened. Similarly, people get a sense of risk from gambling so it provides two equal feelings in terms of risk. However, it would be wrong to call crypto completely gambling because even if crypto investments lose money so you will get some funds back, but after placing bets in gambling you will completely lose the funds you lost.

Gambling can make people suddenly rich and people gamble because they are addicted to the lure. In that case, you will get profits from crypto both small and large. If you have experience in crypto then you can make good profits but in that case, gambling is completely dependent on your luck so if you have good luck then you can profit from gambling.

[bitterguy28]

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.

i think what you have mentioned are what can be compared to gambling but to me airdrops especially that of memecoins are the ones close to gambling adding to the fact that some memecoins do require you to play their games usually in telegram to qualify for their airdrops so to me that is the closest to gambling

some people might say that they are not playing the games for the fun of it but for the possible profit it may give and that to me sounds both gambling and participating in airdrop of memecoins

[Flydove]

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

[Zed0X]

Speculation, this is the main reason why crypto trading and investing are also considered as gambling. Let's face it, many people buy some tokens without a strategy while thinking it would pump. Risk management or calculated risk is what separated investing and trading from gambling but that's not being followed by most.

[Bobcrypto]

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.

          -     That comparison is something that we can't get out of the minds of other crypto communities, especially if the person comes from a gambling background and has no idea about trading, in which case they will immediately think that trading is like gambling.

They won't think that they are different especially if they both need to use money. But even so, in reality, trading can be considered a skill while gambling is not, because in gambling we know that even if you don't know anything about it, there are chances that you can win a big amount if you get lucky, while in trading you don't really need to study.

As for the gamblers, I think that any of them that are well enlightened on both Trading and gambling will definitely understand that they are not the same. Even the addicted gamblers who are well educated and properly enlightened will agreed that gambling is not the same with trading. As a matter facts, gambling is 100% based on luck, while trading requires experience to navigate the the markets, like crypto, stock, FX or commodity etc.
Any arguments between gambling and trading activities, in my opinion, is baseless and I think that the experienced traders will not agree on this comparison or assumptions as most people may think.

[bitbit97]

For me meme-coins have closest identity to gambling. They are suppose to be fun (fun token), there are huge luck and random factors involved. It is impossible to predict anything, and they have lots of common with "get rich quick and easy" thing. Risk factor is similarly huge and variable, as you can buy popular meme-coins and hold them for low risk, or blindly pick something and get a gem that will multiply spent money.

[Aanuoluwatofunmi]

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?

I will say trading and investing on shitcoins, remember the linking word here is likely, so trading to some extent could be likened to gambling, but am not concluding that its gambling, but they have a similar risk for wining or losing as our money is involved on both, while going for meme coins and shitcoins we don't know much about is highly risky, because we are more likely to lose than making profits form such, this is just a comparison, but not a conclusion that crypto is the same as gambling.

[Findingnemo]

ICO,IDO, IEO, NFT, Memecoin and for the matter deciding to invest on any new project that doesn't hit the market is a big gamble but I won't say it is gambling, there is a difference between both but it is what close to what you are asking, high risk, high uncertainty, and often driven by hype more than fundamentals.

[milewilda]

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.

These are the only things that comes up into my mind.

1. Futures trading
2. Dealing up with meme coin or investing into it.

I would definitely say that this will be that pertaining about doing gambling. Although you can be able to apply some analysis but still it will be that considered gambling
specially on futures with having that 100x leverage. Also investing into meme coins are considered to be that a gamble too on which bvasing up on the risks then this is something on which this will be that having that SPAM BANnce that you can make profits in the end.It all matters about ris tolerance and on how you do deal up with it on which if you arent that good when it comes on handling problems then that will be that a huge issue.

[Mia Chloe]

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?

Well the thing is gambling is already an ecosystem of it's own and crypto is just an alternative in that ecosystem. It's more like fiat was like a limitation initially based on the fact that crypto became more popular in this digital era.

Fiat casinos often implement crypto as both payment and withdrawal options because of it's wide range use coupled with the fact that that currency barrier is totally removed.

[hugeblack]

If the general trend for all altcoins is bearish, then all long-term investments are losing money and more like buying the lottery in the hope of getting rich.
Short-term investments, however, vary depending on the investor, so they can only be considered gambling by newbie investors.

[albon]

If the general trend for all altcoins is bearish, then all long-term investments are losing money and more like buying the lottery in the hope of getting rich.
Short-term investments, however, vary depending on the investor, so they can only be considered gambling by newbie investors.

In some cases, there are similarities between crypto and gambling such as the expectation of profit as I said before. For example, people can make big money from crypto and gambling and some people even become rich suddenly. On the other hand, if you bet on gambling and lose there is a possibility of losing all your money. in that case, if you invest in crypto you will not lose all your funds and even if you do not make a profit you will get some money back by selling the coin. Also, if you consider the risk aspect then gambling is more risky because your funds will be lost in just a few seconds. However, in the case of crypto investment the funds will not be completely lost.

[electronicash]

the risking of your money is like gambling. investing is like gambling, you cold either lose or win.
but we don't normally see it that way because we are more likely looking it as investment. but this is just like buying something and expects this item is worth it or not.

but P2E are just platforms where users could play, you invest your time playing and hope the tokens you earn will have worth. yes you still gamble.