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Author Topic: Bitcoin is not gambling  (Read 20827 times)
Fredomago
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February 11, 2018, 02:00:35 PM
 #2041

It is not gambling. People think that it might be but this is mostly because of the huge ups and downs on the bitcoin price level. It will be stabilize in mid term in my opinion.
The ups and downs are indeed the reason for them to think that there is a gambling that is happening in bitcoin but they didn't know that the huge ups and downs are just part of bitcoin's market since it is decentralized and there is no regulation that maintaining a certain level of the price of bitcoin. But at the end of the day, it will not consider as a gambling because it is an investment and asset.
For those who understand the system then it is not a gambling but and investment where we are expecting great profits in returned, bitcoin have corrections and this are the reason why people thinks that the market is like a type of gambling, those who are playing short might be in a same like,
but those who are believing that bitcoin is an asset would believe that it's not a gambling at all.

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February 11, 2018, 02:43:54 PM
 #2042

Bitcoin is not a gambling.Maybe the one who said that, doesn't know really bitcoin.Bitcoin is bitcoin.bitcoin is digital currency,How can they say that bitcoin is gambling.If bitcoin is gambling and bitcoin is digital currency how about our currency,is it also a gambling?But it can use into gambling,but doesn't mean that bitcoin is gambling.
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February 11, 2018, 02:57:08 PM
 #2043

Bitcoin  is not gambling it is used for investment purpose and in every investment there is risk involved it may rise or fall but we cannot say that it is gambling
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February 11, 2018, 03:09:49 PM
 #2044

Yes its not gambling, its just a new way of investment. It is seen as illegal because it is getting used in criminal activities and other reason is that its transaction cannot be controlled by any government till now.

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February 11, 2018, 03:11:06 PM
 #2045

It is because of speculation that bitcoin is so frowned upon, but you have to be honest we are happy to make money with
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February 11, 2018, 03:17:29 PM
 #2046

Yes right, bitcoin is not gambling but a strategy to get a profit or type of investment, if anyone says bitcoin is gambling then he does not understand and do not know decentralization.
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February 11, 2018, 03:39:04 PM
 #2047

Hello everybody. Bitcoin is not gambling - who will argue with this?  But, my personal opinion - if you treat Bitcoin as a gambling game, in the end you will lose your money. For gambling people pay with huge money, basically getting only adrenaline, losing money, but Bitcoin, is an absolutely incompatible concept. For me, in the first place, it is the advanced technology of blockchain, and a bright representative of the crypto currency world. Bitcoin, - will make the world a better place, gambling, - not the best thing that a man came up with.
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February 11, 2018, 03:41:34 PM
 #2048

Yes right, bitcoin is not gambling but a strategy to get a profit or type of investment, if anyone says bitcoin is gambling then he does not understand and do not know decentralization.

But since you mentioned about investment, investing in bitcoin is a lot of risk.  So some people said that it is like gambling or feels like gambling.  It is because of the risk we take wjen we invest with it.  My boyfriend once told me that because of bitcoin he learned how to gamble.  Which I told him that bitcoin is not like that.
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February 11, 2018, 03:51:08 PM
 #2049

Gambling happens surrounding bitcoin. But bitcoin is just a currency which is getting enough popularity due to wonderful blockchain tech. Whales are seeking benefit out of it. They can manipulate the price and therefore btc is quite volatile in nature
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February 11, 2018, 03:56:18 PM
 #2050

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.

Indeed many people say bitcoin is gambling because its value is not as stable. But I myself do not see bitcoin as gambling but cryptocurrency or as an investment and it is very profitable.
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February 11, 2018, 04:00:06 PM
 #2051

It is not about gambling your money but about risking your money in investing because you might lost some of your investment due to volatility, corrections and bad news if you are being too emotional on the downfall

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February 11, 2018, 04:15:26 PM
 #2052

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 a proper sentence gambling is an investment, it is wrong when people say bitcoin is gambling. maybe the person who talks bitcoin is gambling in not knowing that bitcoin is electronic currency ,,
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February 11, 2018, 04:27:59 PM
 #2053

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 prices rise and fall and are unstable, so there are many people who call it gambling. Bitcoin is a very good cryptocurrency for investment, and as a source of income.

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February 11, 2018, 04:43:22 PM
 #2054

It is not about gambling your money but about risking your money in investing because you might lost some of your investment due to volatility, corrections and bad news if you are being too emotional on the downfall
Well it is actually a gamble,most investments are a gamble, when you risk something and you don't know whether the thing you risked is going to be successful or not, you are taking a gamble and to me they are the very same thing. Am sure those who invested when BTC was $19K gambled and most of them lost.

 
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February 11, 2018, 04:53:18 PM
 #2055

Bitcoin is not gambling it is a currency in the internet called crypto currency. Many people think bitcoin is just a scam and a gambling. But i try to explain to them the basic mechanics in this forum so some of them tried it, then they thank me when they get profit in it. Some of my friends that i convince is always treating me in some ways. Bitcoin is not gambling it may called gambling when investing is too risky an you are not sure with your decisions.
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February 11, 2018, 04:53:43 PM
 #2056

I think bitcoin is not gambling, because we invest our money and work time. maybe just the jealous people who say bitcoin is gambling hehe.
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February 11, 2018, 05:22:08 PM
 #2057

After investing in Bitcoin,will investors fear? I think most investors are scared.Because Bitcoin investments are not 100% profitable.Bitcoin purchased in December last what will they do now?They are holding  Bitcoin. Now selling they get lot of loss .But last March -November buyers in Bitcoin November there will be more money in December.So it's called gambling.  all of the crypto currency investments not 100% profitable.Its just like a gambling.
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February 11, 2018, 06:19:01 PM
 #2058

Bitcoin is not a gambling. Its like every other investment. One goes into it knowing the ups and down ( risk) in it...
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February 11, 2018, 06:27:57 PM
 #2059

Yes, I agree with your opinion. Bitcoin is not gambling. I think it is very necessary for human life is not a form of gambling. Gambling is illegal and investing in bitcoin is not illegal. So bitcoin is not gambling. Hopefully those who view bitcoin as a form of gambling will understand this issue.

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February 11, 2018, 09:49:25 PM
 #2060

THE VERY LIFE THAT WE LIVE IS A GAMBLE. you are never guaranteed you will live to see the next minute, you are never guaranteed your relationships will work, nothing in life is guaranteed and as such everything is a gamble and that suggest based on deduction that everything associated with being alive is a gamble. So the question should really be are some gambles more achievable or more worthwhile than others.Bitcoin is what our progeny will come to know as money , what they will take for granted as the means for buying stuff they need.We can fight it all we want but its coming.

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