Crypto is just like gambling.

[Olatundespo]

You first need to find out why you should avoid comparing crypto to gambling, then you need to consider why you should spend time and money here compared to other investments. These two financial issues should be separated where there is a possibility of giving you high profits and the possibility of losing money. Just as new investors are more inclined to make money than to be fair to themselves, new gamblers are in the same position to make money.

The risk of losing money in gambling is almost 100% if you keep losing and the chances of recovering it are very low/the chances of getting your money back are very low. When investing in cryptocurrency, you are pouring capital in the hope of making a profit which can be uncertain if there is no fairness in the crypto selection process. Wrong advice and investment decisions given by others can lead to money loss in the long run. Strong investment management and a determination to hold on for the long term can provide high profits.

[sotelorene]

My thought is,bitcoin is not like gambling.You can refer other digital asset in the crypto space to as gambling but not bitcoin.The reason why shitcoins are likened to gambling is because their outcome aren't certain unlike bitcoin that keeps introducing new ATH.Op are you referring all cryptos to as gambling because they aren't used for payment or what, because I still don't get that part that bitcoin is used because of it's store of value.The adoption of Bitcoin doesn't rely solely on its value for long-term investment, but also on its use as a means of active trading among merchants globally.

The truth is everyone can choose to believe or agree on Whatever they like that seems okay or convincing to them, people approach Bitcoin differently and what I mean by this is that some people gamble or trade Bitcoin because they feel they can and they feel that is the best for them while some people invest in Bitcoin and hold for years because they also feel and think that is the best way for them so either ways they are both correct with their definitions but what matters is the result they are getting at the end of everything, so yes Bitcoin can be seen as gambling because it is trade able.

[Princess Leah]

~To understand this, you need to understand the classification of crypto. There is one crypto which is Bitcoin. You cannot compare Bitcoin to gambling, because it is constantly increasing in value and creating new ATHs. Governments of different countries or various organizations in the world are watching Bitcoin.

You've said well dear, that was what I intended to respond to the OP when I first came across this thread, Crypto I'd a general word for all Cryptocurrencies be it Bitcoin, Alts and memecoins, so I expect that the OP should've been specific instead of generalizing that Crypto is just like gambling, Bitcoin is never like gambling and shouldn't be compared to it.

 Now back to the OP. Well, Satoshi's intention in the early days was to create and alternative to the fiat currency that's decentralized but along the line Bitcoin has evolved past that idea and now mostly used as a stored of value, anyways that doesn't warrant anyone to think it's compared to gamble because it's mostly used as a store of value than an alternative to the fiat currency.

[Slimzeee]

I dropped a thread on this sometime ago, and my point was:
The concept of crypto is based on predictive models.

Let’s take an example to make it a bit more relatable. There are some transactions you ought to do, but because you’re expecting the price of coins to rise or drop, you hold on and delay them. The worst part is, this outcome you’re expecting is totally not up to you.So what are you doing at that point,observation, prediction, management
So, what that simply means is you’re gambling with time, knowledge, and expectations, maybe a higher level of gambling sha then i can agree with that but the main thing is the market is not solely determined by you.
.
The good thing I took out of those arguments, anyway, was the fact crypto can be understood over time. A pattern can be observed, and that makes it a bit better than others like football or racing games.

[EarnOnVictor]

When I first came across is particularly statement (crypto is just like gambling) i was like those this person really know what he or she is saying. But  after given that statement some thought I came to understand that there is truth in the statement. Because if not for the money that we can earn from cryptocurrency investment I don't think many us would want to use it for transactions which is the primary use that was first mentioned by the invented.

You and whoever you derived the idea from are wrong. The misconception didn't start from crypto, but traditional trading in its widest sense. In the end, a sensible person will know that trading is not gambling, but still, you can gamble while thinking you are trading. The same goes for crypto while thinking you are trading/investing in it.

In a nutshell, your expertise in handling the two distinguishes you from being a gambler.