What aspect of Crypto is likely gambling?

[rby]

The aspect of crypto that's mostly considered as gambling is trading. Just like gambling, trading heavily rely on speculations, again, the outcome of trading is also uncertain just like gambling. Another factor that makes many people consider trading as gambling is because it also triggers psychological behaviors like greed, fear, overconfidence which most times leads to impulsive decisions.

That said, it is worthy to note that trading is better and a very professional skill unlike gambling

[TomPluz]

Honestly speaking, in everything we do in life there is an element of gambling involved and it is because we can never be sure of the outcome. We can either win or lose and in that scenario we gamble. However, if we go strict in defining what gambling is, many of the things we do in cryptocurrency space may not really qualify as such. Take for example, trading is not gambling but if one is careless and has no strategy utilized and would just depend on his emotions and hunch then what he is doing can also be a type of gambling. When one is investing with a memecoin without knowing the full details and without analyzing the parameters and just wishing that its price will go to the moon soon, then what one is doing can be gambling. When one is reckless in deciding on anything then there can be a gamble involved...one that can cost money and can destroy lives in the process. One element of gambling is addiction and that is one should be watching out for as addiction can come in many forms and sizes.

[KryptoBull]

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.

The risk involved gives crypto a bit of a gambling feel, and honestly, everything in the investment world has that element. No one has a crystal ball, and no one can definitively say that any decision is completely risk-free. Maybe only death has no risk, it's definitely coming for all of us

Many new investors jump into the market with a gambling mindset. They don't know how to analyze projects or do technical analysis, and they don't understand the value of crypto. They buy tokens based on emotion and advice on TikTok. They rely entirely on luck, saying they're investing when in reality, they're participating in their own private casino.

[bayu7adi]

The aspect when someone decides to invest blindly and expects big profits in a short time on the investment made... it clearly relies on luck alone, without any calculations, the investor only needs the final result... this is very similar to gambling, right? Such a mechanism is not much like spinning a slot wheel, only the time period used is slightly different... when deciding to invest in cryptocurrency blindly, you have to wait some time to see the results, while when you gamble, you will get the results immediately when you place the bet...

Gambling relies on luck, and blind investment is the same... here the concept is the same, spending money at the beginning with the aim of multiplying it later...

[SmartGold01]

If you understand cryptocurrency very well then you would know that cryptocurrencies itself is a gambling no matter what, and like I know I would choose any part of cryptocurrency to be the best as all of them are gambling, the volatility of cryptocurrency is so high that we can't just predicts which coin is to do more better apart from bitcoin. Although there are other reputable altcoin out there that has gain ground to established very strong but we can't detects the futures of those coin, for instance; you can't tell what would happened on Ehtereum, BNB or any reputable coin  out there. In summaries; Cryptocurrencies itself is considered as a gambling investment which we must only invest with the amount we can afford to lose without being so greed to make huge profits alone the line.

[Crypto Library]

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 think this question answer will be the same to the others like in only one aspect trading will be at like gambling and that is only trading without having any knowledge I mean you don't have any skill on technical analysis, on the fundamental analysis and also you don't know the market psychology then how do you make any strategy for your trading? And how you will get the profit? How you will ensure your fund risk free?
So I think in this aspect Crypto or the trading is likely gambling.

[Gposas]

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.

No doubt @Zed0x, I have gotten such experience before... Buying a token without reason and feeling I am trading, no idea of what I was doing but I felt I was trading. And the outcome is always a loss, More like trading with feeling... Like one's feeling is what determines market trend.

But I strongly believe with a grounded knowledge on trading which I am currently working on will help my trading pattern.

[milewilda]

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.

No doubt @Zed0x, I have gotten such experience before... Buying a token without reason and feeling I am trading, no idea of what I was doing but I felt I was trading. And the outcome is always a loss, More like trading with feeling... Like one's feeling is what determines market trend.

But I strongly believe with a grounded knowledge on trading which I am currently working on will help my trading pattern.

When you do deal up with trading then on which of course you would be needing up that skills and knowledge on which in regarding on what you've been that dealing on with.
We do know that trading does need up those approach on which you cant just that having that dealing up with volatile space without having any preparation or having that readiness into the things that you've been that dealing into. There's no way that you can be able to find yourself that not be able to look up about into what are the needs that primary been that needed.
Taking up some actions without having that applicaiton about analysis and knowledge are considered to be totally a gamble on wihch its not that recommended at all.

[Crwth]

I believe in investing in something that makes someone think they would be earning a lot of money and putting every money you have in a single basket. That's definitely gambling for me. Additionally, not knowing something and still pushing through is a gamble.

[slapper]

Presales is gambling unless you have inside access or private analytics systems that 99.9% don’t. Memecoins are highly leveraged social experiments without an no intrinsic map. Airdrop are behavioural bait systems. Tap-to-earn is literally behavioral gambling masked as “participation.” Some trading? If there’s no edge, no strategy, and you're just reacting to green candles on TikTok, you're gambling

Is that inherently bad? Not necessarily. The problem is that most are unaware they are gambling. That’s a failure, not a market one. If someone walks into a casino knowing the odds and still plays, that's informed risk. But when people enter a presale Discord and believe they are making long-term investments only because there is a roadmap JPEG and an overhyped founder? That's delusion

The crypto space is a mirror. Some come with spreadsheets, others with hopium. Both get rekt; only one learns something. The true question is then: do you recognise when you gamble and do you own it, or are you still employing "DYOR" to justify emotional bets disguised as “investments"?

[Azharul]

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.

I think that your comment is also very appropriate in this time. Someone can say trading and investment also be gambling in cryptocurrency market. Because we know that cryptocurrency market always depending on risk. So i think that, if we follow in cryptocurrency market and also trying to understand then it must be helpful for us. Because i think that if we carefully observe in cryptocurrency market, i believe that trading and investment will be easy solution for us. But i believe that gambling is also the luck, if we can be lucky we will be rich rapidly. So i don’t think crypto likely gambling.

[taufik123]

Futures trading on crypto is also almost the same as gambling because you only need to guess short or long, but the closest is binary options trading. In binary options, traders predict the price movement of an asset (such as crypto) in a specific period (e.g. 1 minute, 5 minutes, or more). If the prediction is correct, the trader gets a predetermined profit. If they go wrong, they lose the money invested.

And another thing that makes crypto like gambling is buying random memecoins according to trends that are not even clear at all who the developers are and how the team is. Buy memecoins and expect to go up 100x and that happens often, but more often it becomes a scam and a lot of memecoins are left behind.

[yhiaali3]

Concepts vary depending on the nature of people, so answers will vary depending on this.

In my personal opinion, cryptocurrency trading and cryptocurrency airdrops (P2E or tap-to-tap) are not gambling because trading relies on experience, knowledge, and technical analysis. Airdrops, on the other hand, are free, so they cannot be described as gambling.

While presales, initial coin offerings, investing in meme coins, pump-and-dump schemes, and the like can be described as gambling because they rely primarily on luck.

[Mr. Magkaisa]

Presales is gambling unless you have inside access or private analytics systems that 99.9% don’t. Memecoins are highly leveraged social experiments without an no intrinsic map. Airdrop are behavioural bait systems. Tap-to-earn is literally behavioral gambling masked as “participation.” Some trading? If there’s no edge, no strategy, and you're just reacting to green candles on TikTok, you're gambling

Is that inherently bad? Not necessarily. The problem is that most are unaware they are gambling. That’s a failure, not a market one. If someone walks into a casino knowing the odds and still plays, that's informed risk. But when people enter a presale Discord and believe they are making long-term investments only because there is a roadmap JPEG and an overhyped founder? That's delusion

The crypto space is a mirror. Some come with spreadsheets, others with hopium. Both get rekt; only one learns something. The true question is then: do you recognise when you gamble and do you own it, or are you still employing "DYOR" to justify emotional bets disguised as “investments"?

           -   I agree that pre-sales on coins are very risky, like gambling, when you yourself are not sure if you will make a profit from that. Because those who are successful in that matter are very rare. You are lucky if you are able to suddenly become successful in pre-sales.

As long as we always involve our capital that we are not sure but we continue, it can really be called gambling as if you are hoping that we will get lucky
with the investment we made in a pre-sales.

[ZAINmalik75]

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.

Crypto is not gambling but if we do it without prior information, like with no information about how crypto works, we are doing trading that's like gambling but unlike gambling, trading with no information becomes more risky because in gambling no one is using knowledge they are playing luck vs luck but here one is trading with full knowledge and other is not.

This way the risk is more, counting tap tap airdrops gambling is a valid point for those who invests in such projects although now they all are dead by now. I don't find the same hype of such airdrops after the result of paws.