Bitcoin is not gambling

[Belliapro]

Bitcoin is a currency, they are like fiat, and gambling in bitcoin is an option of the various businesses on offer, we can not think that bitcoin is only from one point of view because price fluctuations are determined by the market and many shareholders.

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[djgtr]

Bitcoin is a cryptocurrency. It's not gambling at all

well bitcoin is an investment it is not really a gambling because it is more profitable than gambling gambling is leaning only in to your luck .but this bitcoin is a profitable source of investment.so then bitcoin is not a gambling.

[ipanks]

until now i don't think that bitcoin is a gambling because bitcoin is something like currency to be used in internet although its still few places we can used our bitcoin to spend. when we want to buy bitcoin, we need to analyze the price and the trends, if the trend is down then we are prepare to buy. we've always analyze first to avoid buying in high price so we can make profit when the price is up.

[Bakemat]

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 depends . because there's a way of earning that we called gambling. and if you say gambling you mean . you'll ready to what may happen if there's a risk or if you have a bad luck they called it gambling because its have a risk although the other way of earning was not like this.

[CoffeeForMe]

Some time's I think in bitcoin is a kind of gambling because you can easily gain money. But I believe this is not a kind of gambling because you are struggling to do this. That's the way I know that bitcoin is not kind of gambling. But other people do not believe in bitcoin explain to them that bitcoin is not a gambling.

[krafa]

Yes, totally agreed, Bitcoin is not a gambling, but when you want to play Blackjack, Poker or Bingo you can use Bitcoin.
This does not mean that Bitcoin is gambling.
To me, Bitcoin is Digital Money which is great to buy my morning sandwich.

[Chanock]

Bitcoin depends on how you use it. If you engage in gambling using bitcoin then it's gambling but if you join in signature campaign to earn it you invest time and load for internet and another is, if you buy and sell bitcoin it's an investment. Bitcoin are many used and how you utilized it.

[sumangs]

It is not gambling but it is a digital currency. Bitcoin are just use in gambling to cover up the currency in some countries that ban online gambling. It depends on the user if the person wants to risk some of its bitcoins to get more profit.

[Yatsan]

Bitcoin is not literally a gambling it is just like a trading in the way that you are always going to win by holding it for a long time. because bitcoin is a digital currency that have a limited supply so that the bitcoin price is always going up because as time passess by the bitcoin users and investors increase.

[celested]

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.

Bitcoin is not gambling but it is like other stock exchanges such as gold deposit, savings deposit. On that we can trade indirect transactions instead of cash so they are called virtual currency. Bitcoin players invest to save their money. Some people misunderstand about bitcoin!

[Anyobsss]

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.

Maybe they compare it as to gambling since bitcoin is very volatile and has tendency to drop but, in my opinion, I never compare bitcoin to gambling since I still didn't cash in any large amount of money to earn bitcoin. I'm just earning bitcoin through joining campaigns and contests in Forum.

[Denies]

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.

bitcoin is not gambling. but we need to know there is always a bet on bitcoin. yes that's what happens, because we always hope and take speculation with investment or trade.

[Nanda Dewi277]

I think this is not a gamble because by getting Bitcoin to work hard if you do not have the capital. Getting Bitcoin is not as easy as imagined.

[RyanEncek]

People who do not know bitcoins may say that it's falling down so they say it's gambling because your money is down. Yes, we see a gamble that will reduce their money. And they can compare it. But one of them does not know that bitcoins are made to be special because it can increase the amount of money you have in the fast-growing season. Yes they have a point in saying they are a Gambling. But they do not know that this is a decentralized altcoins and the only one that can increase its price is also us, and if in my opinion this is not gambling but this work do not samapai we wrong mengrti tetco bitcoin ok friend !!

[Wyne]

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.

Bitcoin is definitely not a gambling.  Even some site offer bitcoin gambling services, it is depend upon the person if he or she want to engage their bitcoins in gambling.  But in general, it is not a gambling.  Instead, it is an investment and a source of income.

[Zandar]

With this kind of logic then anything is gambling, like consider your paycheck, spending it or saving it, saving it with the chance of inflation will make it less worth in the future makes this also gambling. Even if you will still be alive tomorrow would be considered gambling, talk about faulty logic here.

[StockBet.com]

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=1853019.0

CAN 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".

[micashane]

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.

I think the people who says bitcoin is a gambling, is the people who have a lack of informations and ideas in cryptocurrency. What they only know is bitcoin is money that we have been used for betings and other gamblings we have here. They don't definitely know about bitcoins that why they say that such things.

[Lenzie]

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.

The part that some people think that it is a gamble is because of the volatility of the value. Similar to the unpredictable principle of gambling. You might never know when it will pump or dump. But if you are into news, you will see how certain news good or bad might affect the value of the coin. While some uses graphs and other tools. I think if we try to use both of them we will not think that way again.

[Thyristor]

No never Bitcoin is not gambling.Bitcoin is only vartual currency or world wide currency.Only uneducated peoples say Bitcoin is look like gambling.But real Bitcoin lovers  know what is Bitcoin.