When bitcoin falls - this is the best time to buy coins at a cheap price. Only beginners can panic, and experienced users already know that this is a temporary phenomenon.
If you cannot emotionally handle volatility, you will lose money. |
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"Show fear when others show greed. Show greed when others show fear."
-- Warren Buffett
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Bitcoin is not gambling it is a crypto currency. Some people use it in gambling maybe thats why others called it gambling it is like a fiat if you use it gambling you might win or loose. So to clear it bitcoin is a virtual currency a medium that is used in different transactions like in trading and investing and others.
People buy Bitcoin, hoping to make money. It is not risk-free, therefore it is gambling. But so is buying stocks and real estate. It is all gambling. If there is a possibility of losing money, it is gambling. Why does the fiat system globally inflate fiat annually at such high levels? Why central banks gambling away our money? Why are US Dollars, Indian Rupees, Euros, Chinese Yuan, Mexican Pesos going down in value every decade? Will the bubble of global fiat issuance ever slow down or stop? Globally recognized that there is no financial asset in existence that offers better long-term store of value than Bitcoin. Bitcoin is deflationary, LIMITED in supply and not inflated like fiat. Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled. On the opposite end of the spectrum the global fiat bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping  https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
Most of what you wrote is correct. But when you buy Bitcoin, you are still gambling. And the government gambles as well. "Gambling" only requires 3 things: - Stake
- Chance (risk, luck, etc.)
- Profit or Loss
Most things that you do is "gambling", but society wants to classify some activities as more moral than others. According to Boston University Law Review, society wants to do this with white-collar activities, such as trading stocks, but denigrate blue-collar activities, such as poker. But both are "identical wagering activities". |
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Honestly, the White House needs to open up the space and make public declaration in support of Cryptocurrency. That way China will die daily regretting its action in clamping down on Bitcoin. The earlier the better for the US. A few countries are already adopting the blockchain technology into its financial system and this is where the modern technology lies. These countries may springboard on the cryptosystem to become a force in global economy.
I think most governments are in a conundrum. They probably know the following: - Good for them: Cryptocurrency industry will grow. Whichever country embraces it, will grow their economy.
- Bad for them: Cryptocurrency will loosen government's control over monetary policy.
They're damned if they do. They're damned if they don't. |
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Bitcoin is not gambling it is a crypto currency. Some people use it in gambling maybe thats why others called it gambling it is like a fiat if you use it gambling you might win or loose. So to clear it bitcoin is a virtual currency a medium that is used in different transactions like in trading and investing and others.
People buy Bitcoin, hoping to make money. It is not risk-free, therefore it is gambling. But so is buying stocks and real estate. It is all gambling. If there is a possibility of losing money, it is gambling. |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
It's FUD, probably if your family see you gambling and you tell them that ur on bitcoins, they thinking the wrong way. People who do arbritrage without knownledge are really gambling. According to Boston University Law Review: "...gambling and investing are identical activities of wagering..." Buying an index fund is gambling. |
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I don't dare to invest in gambling, because I think gambling will ultimately make us loss and addiction
So consider first before investing in gambling
Did you buy any cryptocurrencies? Have you ever bought stocks? Have you ever invested in real estate? Have you ever bought insurance? If yes, then you have gambled. |
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If you are just a newbie in bitcoin and you think to invest in bitcoin for you can be a gamble. But I dont think it is for all the people. A gamble is more like a game of luck where either your lose either you win. Bitcoin has nothing to do with this because it is a currency. Bitcoin price is going up so it is an investment , a good one
Some gambling activities involve 100% luck, such as lotteries. But MOST gambling activities involve both skill and luck. Investing is a gambling activity. Oxford Dictionary's definition for "gambling" is: "Take risky action in the hope of a desired result:" Oxford's examples include: '...it is always tempting as an investor to gamble on risky firms...'
'Investors began gambling on future returns...' Buying Bitcoin, stocks or real estate is gambling. |
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Merriam-Webster's definition for "gambling" includes:
"to risk losing (something valuable or important) in order to do or achieve something"
"to stake something on a contingency"
"take a chance"
"something that could produce a desired result or a bad or unpleasant result"
"an act having an element of risk"
Buying Bitcoin is gambling.
Similarly, buying real estate, stocks, insurance of a business, is gambling.
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People hold on to Bitcoin for the same reason they hold on to anything else that they think will go up in price.
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Don't you wish you bought more Bitcoin at the time of this OP?
Not everyone understands that falling is a great opportunity to buy more coins. Some newcomers panic and lose money. Now we again see an excellent growth and I hope that this is serious. Most people cannot handle the volatility of the stock market index. Bitcoin is more volatile than a small cap stock. |
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If Ethereum can solve their scalability problem, they will surpass Bitcoin.
If not, Bitcoin will stay ahead.
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We made some bug fixes.
If you use StockBet.com, please refresh your browser.
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FYI, we just tripled our bounty offer for the Signature Campaign
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1) There are many projects which have not produced any software after raising millions of dollars. Their coins tend to drop after the token sale.
2) For those projects that already have some software that they can show you before the token sale, then the chances are much greater that they will continue developing software.
If you buy tokens from projects that have no software to show you, you'll have to decide on whether it is wiser to dump it after the token sale.
If you buy tokens from #2, then you might want to hold it for the long term.
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Investing in bitcoin is just like investing in any other stock market. Price of bitcoin can go up or down depending upon demand and supply.
However many newbie investors start to call bitcoin investing is just gambling after losing some money when they try to make some trading. Most of them just buy bitcoin when it is pumping hard and sell when there is some correction after a huge pump.
According to the Boston University Law Review: ...gambling and investing are identical activities of wagering...both risk-taking activities have been present in the American culture for all of its history. Investing in stocks is gambling. |
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Don't you wish you bought more Bitcoin at the time of this OP?
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ANNOUNCEMENT We just TRIPLED the BOUNTY for the SIGNATURE CAMPAIGN from: - Qualifying Full Members: 50 tokens
- Qualifying Senior Members: 100 tokens
- Qualifying Hero and Legendary Members: 150 tokens
to: - Qualifying Full Members: 150 tokens
- Qualifying Senior Members: 300 tokens
- Qualifying Hero and Legendary Members: 450 tokens
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