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Author Topic: Bitcoin is not gambling  (Read 20839 times)
mekie
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February 05, 2018, 02:36:53 PM
 #2001

Bitcoin is no more gambling than the stock market, except that with bitcoin you haven't got greedy fat cat bankers and wideboys rigging the markets so they can get there bonuses.

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Thadeous
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February 05, 2018, 02:43:56 PM
 #2002

"Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor."
Amazing, how Sholom Aleichem could know about the Crypto 100 years ago. Roll Eyes
Gulayman
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February 05, 2018, 02:50:49 PM
 #2003

I think Bitcoin is not a gambling because in Bitcoin if you want to invest, you have a sure money. While in gambling nothing will say if you win or lose, it is in the process of gambling.
solovev
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February 05, 2018, 02:51:35 PM
 #2004

Why is it gambling: Anyone has no idea when the prices will rise or drop. Prices have reduced by 30% or so in single day without any solid reason. However, only difference here I see is that if you wait for 7-8 months after investing, profit is guaranteed based  on past performance.
odranoel
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February 05, 2018, 02:51:44 PM
 #2005

In one way or another i never see gambling on bitcoin. How it can be gambling were you only post, read an understand what you are doing here. Also invest if you want, and investing is business, so no gambling involved olin bitcoin

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Xester
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February 05, 2018, 02:58:31 PM
 #2006

In one way or another i never see gambling on bitcoin. How it can be gambling were you only post, read an understand what you are doing here. Also invest if you want, and investing is business, so no gambling involved olin bitcoin

Well actually there is gambling with bitcoin.  There is a betting site where you will bet on a team using bitcoin.  Then if you win its value will double.  And there are many sites using bitcoin.  Well others might think also and feel that bitcoin is like a gambling.  It is because there is a risk involve.  My special someone told me that it is as if he was gambling when he bought bitcoin.
lfc_san
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February 05, 2018, 02:59:22 PM
 #2007

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 agree with you. Bitcoin is not gambling. Because it can be long term. You must learn and read the news to get the most information so as to make the right decision to start investing into bitcoin. Similarly, if you want to buy a house, you must collect the information as much as possible and have a vision for long term in accordance with the plan. This is about Bitcoin.
Hellobx
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February 05, 2018, 03:00:13 PM
 #2008

For some people who believe in bitcoin, bitcoin is a belief, and bitcoin is the technology of the future.

But now many of those who have taken bitcoin as a gambling tool are only interested in the rise or fall of bitcoin.

Danglen1010
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February 06, 2018, 11:07:52 AM
 #2009

yes the company and management of bitcoin is not a gambling business. They are legit investment company which offers instant income without working hard for it.
They provide a good life to every individual so they can achieve all dreams they have.
Bitcoinislifer09
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February 06, 2018, 12:40:47 PM
 #2010

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.
For me,bitcoin is not a gambling but it depends also in you or in other user on how will they take bitcoin,it is a job or source of income or gambling.Bitcoin is just a simply investment company that offers instant income just in easiest and simplest way of working.I suggest to all people that before they'll start here in bitcoin they must read some threads for they to be knowledgable.
daarul50
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February 06, 2018, 08:07:06 PM
 #2011

Many say that bitcoin is a gamble. If in terms of trading may be said bitcoin is gambling because there are a thing profit and loss of a fortune and downturn. But, all assets used as investments and assets are used in a trading then bitcoin cannot be said as gambling because the asset has a price and in trading, the price will increase and decrease.
Theyasirahmad
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February 06, 2018, 08:15:00 PM
 #2012

i think most of people think bitcoin is gambling because they didn't understand the technology behind it
bitman33
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February 06, 2018, 08:18:30 PM
 #2013

It depends if you are investing because you believe in the technology or if you are only looking to make a quick buck based purely on speculation which is essentially gambling.
MaskOffFuture
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February 06, 2018, 08:21:06 PM
 #2014

Many say that bitcoin is a gamble. If in terms of trading may be said bitcoin is gambling because there are a thing profit and loss of a fortune and downturn. But, all assets used as investments and assets are used in a trading then bitcoin cannot be said as gambling because the asset has a price and in trading, the price will increase and decrease.

It's not gambling for sure but some people think it has no different than gambling because the price is not predictable. For me, it's clearly different than the gambling and casino games.
IsabelCornd
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February 06, 2018, 08:38:55 PM
 #2015

Bitcoin is not gambling because it's cryptocurrency. Just try to skip people who talking bullshit like this because you can't explain to an idiot that he is idiot.
Angela567
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February 07, 2018, 08:48:30 AM
 #2016

Many say that bitcoin is a gamble. If in terms of trading may be said bitcoin is gambling because there are a thing profit and loss of a fortune and downturn. But, all assets used as investments and assets are used in a trading then bitcoin cannot be said as gambling because the asset has a price and in trading, the price will increase and decrease.
Yes, the nature of investing Bitcoin is different from that of gambling. It is market-analytical, and Bitcoin investing is technical and not purely gambling.
Hxyro
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February 07, 2018, 08:57:27 AM
 #2017

the bitcoin itself is not a gambling. but your action toward it can lead you to a gambling situation. just for example when bitcoin is on its peak and you put all your assets into bitcoin without knowing the risk because you were blind by those sweet words of your friends and because you wanted an easy huge profit
qwesasd
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February 07, 2018, 09:05:21 AM
 #2018

I think bitcoin is essentially a tokens (financial instruments), with the "anti-government" characteristics, bitcoin is also an investment that can bring you extra income, gambling without these two characteristics, gambling rely on luck.
Trela
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February 10, 2018, 06:21:09 PM
 #2019

Many say that bitcoin is a gamble. If in terms of trading may be said bitcoin is gambling because there are a thing profit and loss of a fortune and downturn. But, all assets used as investments and assets are used in a trading then bitcoin cannot be said as gambling because the asset has a price and in trading, the price will increase and decrease.
Yes, the nature of investing Bitcoin is different from that of gambling. It is market-analytical, and Bitcoin investing is technical and not purely gambling.
Not sure, Bitcoin market can help the real investor becomes the rich easily but the fact, it also helps the speculator become the gambler easilier than normal. Some people think Bitcoin made many people became speculator, but for me, I think by their greed made them became speculator and gambler.

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Negyma
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February 11, 2018, 03:30:05 AM
 #2020

if you convert your money to bitcoin it is gambling your taking risk investing on it,
you do not know when to increase or decrease the price of bitcoin, you have time to win and lose.
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