Bitcoin is not gambling

[crismass1225]

bitcoin is not a gambling, but there are process of it that can determine that it is a gambling. If you convert you fiat money to bitcoin and hold it up into your wallet you are now playing the game of gambling and investing. You gamble your money to a thing with volatile characteristic or in professional term you invest on a thing that you dont understand the process and just waiting to increase its price over time... But in general Bitcoin is not a gambling it is a Digital currency that you can use to gamble onlin, buy stuff online and pay bills online.

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[boyshx]

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.

Who said that anyway. I believe bitcoin is proper investment which can make the wealth grow properly in the long run. It's white investment and anyone can do it with the connected banking system. The blockchain, investment and increased popularity and everything is very different stuff and makes the bitcoin a solid asset to invest in.

A gambling is fools game where people try there luck out to win loads of money. Gambling is having yourself at right place at right time and then hitting the trigger. Completely different story I believe and that's why bitcoin doesn't fit in there. It's different completely.

[ninabobo]

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.

yes, I really agree bitcoin is not gambling. but bitcoin is a remarkable crypto.

[Open4lies]

You are right thinking Bitcoin is not gambling it is just digital currency but Bitcoin price is up and down thats why many peoples says its gambling or like as bubble but i am not agree with this people its their wrong thinking.

All I know is gambling is when we take the risk by placing a bet on a game so that our money can double. The rise in bitcoin prices is not a gamble and even I think it's way too different from the gambling definition I know. Bitcoin is just a kind of currency, and the currency is not gambling.

Invest into Bitcoin and wait its value increases also a gamble if you are an investor without any plans, therefore you cannot negate try on your luck is gambling. Of course if you can prepare everything carefully, you are trader and you can make good profits.

[pushups44]

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. If you buy and hold for the long term, then it is not gambling -- it's investing. If you are trading and competing against bots, then it's more akin to gambling. Either way, there will always be some degree of chance in the outcome.

[darkangel11]

All investments are very similar to gambling. You're putting a sum of money at stake in hope of getting a profit. There's a chance that you will double your money, but there's also a chance that you'll lose some. Isn't that just like gambling? The only difference is that with investments your chances of winning are much higher than in gambling and you'll have to wait months or even years to know the results.

[jamirrah]

bitcoin is a digital currency or we could say money in real world. Invest and gambling in general not only with bitcoins has a common denominator which is risk. When you invest your money on any business theres a chance to profit but also a chamce to loss that's also like gambling but difference is when you invest with proper knowledge and good analysis risk is lesser and gambling purely depends on mere luck.

[allthingsluxury]

Like any investment, there are risks and potentials. People stating this simply don't understand what BTC is.

[sic57005]

People usually say "that's gambling" for the most money-related things they do not understand (and haven't intention to try).

[StockBet.com]

Almost everything you do in life is gambling.

Read:

https://stockbet.com/#/support/gambling

[googlebtc]

I do not think that bitcoin is gambling but if I think it depends on someone who uses bitcoin as what tool they use gambling or take positive work they do to earn income from the bitcoin

[erikalui]

Bitcoin is risking your money just like investing in the share market where the share prices can fall or rise any time. It's not so firm and legal as the share market business where there is some kind of insurance for the share holders available or is there is any kind of interest the holders earn. The risk incurred with bitcoins is much higher rather than compared to any other investment (recently there was a drop of 40% in the price).

[Doell]

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 person is not familiar with bitcoin deeper so says bitcoin is gambling because the coin's meaning is like coin on poker table, coin captured thinking that person means poker chip, I feel that people who interpret bitcoin as gambling are people who don't know what is bitcoin

[StockBet.com]

Most responses on this thread are wrong.

According to all of the major dictionaries, doing anything that involves risk in losing something or gaining something is "gambling".  Look it up.

Buying Bitcoin, a business or stocks is all gambling.

Buying insurance is gambling.

[BitcoinSupremo]

Bitcoin is not gambling itself but many people reply to this thread that bitcoin is gambling because the biggest user base of bitcoin are gamblers. They like the convenience of playing with Bitcoin almost fully anonymously me included and that is the reason the biggest number of bitcoin based are casinos or sports betting, but Bitcoin itself it is not gambling, it is a technical financial revolution of this latest century which takes place in the internet.

[StockBet.com]

Dictionary.com's definition for gambling includes:

"to take a chance on; venture; risk: I'm gambling that our new store will be a success."
"any matter or thing involving risk..."

Is there risk with owning Bitcoin?  Yes.  It's gambling.

Is there risk with investing in real estate.  Yes.  It's gambling.

[hasmukh_rawal]

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.

Actually People dont know the value of bitcoin or dont try to understand the bitcoin processing. Typically i think they say it as gambling because it is a decentralised digital currency and they fear to do transactions with untrusted or unregulated payment option. The way it fluctuates make people feel that trading bitcoin is one of gambling things. But they dont understand that it is an asset and your investing your money, time, knowledge and skills to get profit from it and so you cant say it as a gambling.

[StockBet.com]

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.

Actually People dont know the value of bitcoin or dont try to understand the bitcoin processing. Typically i think they say it as gambling because it is a decentralised digital currency and they fear to do transactions with untrusted or unregulated payment option. The way it fluctuates make people feel that trading bitcoin is one of gambling things. But they dont understand that it is an asset and your investing your money, time, knowledge and skills to get profit from it and so you cant say it as a gambling.

Yes, you can saying it is gambling, because it is.

Read: https://stockbet.com/#/support/gambling

[mammoniter]

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.

everything that has risk is gambling, the risk of losing and the benefits of winning, it goes with any other type of investment whether if it is business or just share of capital. It is unfair to use it as a description just for bitcoin in which even life itself is a gamble, losing is a part of lifQ and investing to bitcoin for me has a better odds of winning compared to other investments.

[adzino]

Investing on bitcoin might be considered as a form of gambling because it has risks. But the risk can be controlled and minimized to a very small level if one understands the how the market works and keeps himseld updated to current events that's taking place in crypto world.