Bitcoins & Gambling

[bornloser]

Does anyone else think that buying bitcoins is gambling? I think it is and I think its great. Alot of people look at them as/for other things but thats for another discussion. Its great that younger kids have an honest way to make some coin for their pocket. Which something like this was around when I was a kid.

[MartinReynolds]

Buying Bitcoins is more investing for people who like to take a risk, although you can gamble with all these new gambling sites popping up everywhere.

Regards,

Martin.

[pencileraser]

"Does everyone think its' gambling" - Everyone who ISN'T into Bitcoins think it's gambling lol

[wonko]

It's as much a gamble as buying stocks.  Depending on how informed you are can sway how much risk you are taking but in the end you'll just have to see what happens

[bornloser]

What I mean by gambling is buying at exchanges waiting for the value to go up and sell as well as the short term trader. There has to be quite a few millionaires out there. Just having a chance. When I was a kid there were not anyways you really could make real quick money.

[btcnewb123]

I don't think it's gambling. I see it more of an investment. It's like investing in stocks except in a different way.

[Jan-Jac]

Well it is a gamble because you din't know if BTC will be at $100 next month or $200 or $40 or $20.  Some people think it could never go back to $20 but it is very possible.  But if you buy and it starts to tank on you, just sell before it gets too bad, just like with the stock market.

[MartinReynolds]

Well it is a gamble because you din't know if BTC will be at $100 next month or $200 or $40 or $20.  Some people think it could never go back to $20 but it is very possible.  But if you buy and it starts to tank on you, just sell before it gets too bad, just like with the stock market.

That's how the market crashes, everyone panic sells and then it drops.

Regards,

Martin.

[leadnor]

Well, BTC is a gamble at this point. but if you keep close watch it is a gamble with high rewards. Plus If you are like me and dont pay for electricity. Its not really a gamble at all hehe

[BelMarduk]

Well it is a gamble because you din't know if BTC will be at $100 next month or $200 or $40 or $20.  Some people think it could never go back to $20 but it is very possible.  But if you buy and it starts to tank on you, just sell before it gets too bad, just like with the stock market.

That's how the market crashes, everyone panic sells and then it drops.

Regards,

Martin.

Yah, what he said.