Is investing in BTCJam considered a form of betting?

[bitcoinprofit]

Nope, it's blind investing.

But especially for BTCJam IMO it's worst than gambling Site is full of scammers, default rate is over too high for breakeven/profit.

I agree. BTCJam is a loan platform not a platform for playing games of chance for money

[European Central Bank]

I agree. BTCJam is a loan platform not a platform for playing games of chance for money

Maybe it started off that way, but now it's become a full blown gambling platform crossed with a free way of getting rid of bitcoins you don't like any more.

[neochiny]

In my opinion,
investing in btcjam or any kind of investment
is considered gambling.
As you will not know, if your money will really return to you.
Well if your lucky that the one you loaned will not scam you.
well its still risky investment..

[jjacob]

I would say sit on your bitcoins until less risky options pop up.
No sense in losing your principal. 

[BitcoinHunt3r]

it all depends on the borrower, but now many scammers asking for loans and never pay your money back.
i prefer lose my money in gambling because there is still a chance to control my loses

[ThisIsMeLOL]

better you investing on this site im never see scammer on lending section


https://bitcointalk.org/index.php?board=65.0

[adicted]

I won't consider investing there as a form of betting because I think the risks on investing in BTCJam was way higher than gambling , I think I got more chances hitting the 100x roll on a dice than gaining profit "lending" BTC on the said site. BTCJam got a lot of negative reviews and feedback saying it was full of scammers which I believe coz I experienced being ripped off multiple times there. I hate that site