Bitcoin is not gambling

[BingoDog]

Bitconi is investment and if you define investment as a gambling than it is. I would sad that you can't predict how the price will move and whether on short term you will loose or make profit, but every investment is connected with risk and that should be accepted. You just have to know what are you doing ans why are you investing for, similar like on stock market with the difference that bitcoin is more profitable.

[aldrian09]

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 think its gambling because you will gamble your money by investing in bitcoin but they don't see the bigger picture on what bitcoin really is. People like that are narrow minded kind of people and we should not entertain them.

[Hasbro27]

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, maybe people who say bitcoin is gambling, they do not know what bitcoin is, but bitcoin can be a capital to gamble, since many gamblers have received payments using bitcoins.

[DoublerHunter]

Bitcoin is not a gambling because it is not completely a clueless way of making money. If you really want to invest your money then choose bitcoin as its price is getting higher in the next years because of the growth in the market. Just learn how to analyze fundamental and technical analysis so bitcoin will not become gambling anymore because you will know the things that you need to know to make it not a clueless investment.

[h1h2h3_c]

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.

Yes surely bitcoin is not a gambling but it’s a crypto digital currency which people used for various purposes like business and there rate is varying with time to time sometime it up and some time it down but anyone who considered bitcoin is gambling is totally wrong.

[AmeSakibimasu]

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, maybe people who say bitcoin is gambling, they do not know what bitcoin is, but bitcoin can be a capital to gamble, since many gamblers have received payments using bitcoins.

Maybe what other people means is on investing your money to bitcoin is going to be a gamble for us, but if they just know that investing on bitcoin is the most safe and legit investment then I guess they wouldn't say about bitcoin that it is just a gambling or what.

[alihassan99]

Thanku guys. So its proved that bitcoin is currency and even dealing with it is not gambling. Its your investment which may be sometimes positive or negative or even may be stable for sometime.

[modous]

Indeed, bitcoin is cash, and it can be utilized for such a significant number of things, perhaps some of them are terrible things or great ones, however I don't comprehend those individuals who utilize bitcoin just to gamble, it is brimming with them in this gathering. I have been in a mark crusade of a person that was a truly card shark, he payed every one of us for one week, since he lost the week2 cash since he played on the roulette and he lost.

[Realist247]

Thanku guys. So its proved that bitcoin is currency and even dealing with it is not gambling. Its your investment which may be sometimes positive or negative or even may be stable for sometime.

Everyone here conveniently leaves out the fact that 4% of Bitcoin holders own 96% of available Bitcoins and the other 96% that hold the remaining 4% of coins are fanatically and religiously hoping that their % of full coins reach $500,000 someday.  Almost no one is actually using Bitcoin as a currency....another fact that everyone here is leaving out.  The numbers of vendors accepting Bitcoin has fallen since 2014.  What does that leave?  A whole bunch of people that depend on getting their friends, family, coworkers, and everyone else they know to put their money into it in order since the price to go up so that they can cash out before everyone else cashes out.  Take your time and read what the long term posters admit....that Bitcoin is an "investment" and not really a currency since next to no one is using it as a currency and it is many years away from even being practical as a currency even in 1st world countries....that is, if it lasts that long.

Go to Wikipedia and look up how a Ponzi scheme works.  Where I live, I know them well since everyone I know has been involved in them at one point in their lives.  The only difference is that Bitcoin is a decentralized version of it.

[william8829]

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 whole heartily.  To gamble you must bet your money without any chance of increasing the probability of winning through an understanding of the medium in which you bet.  With bitcoin, the more you know about it the more you will profit from it.

There are people that believe it is gambling.  We must not laugh because they believe this.  Instead lets speak to them calmly explain why bitcoin is not gambling.

[sasaku bitbit]

I think not, because gambling bitcoin bitcoin virtual currency that is known throughout the world as the online payment tool but I use it in a way to store it and then switch to my currency to buy what want too meet the needs of day-day in the life of my family, then so depending on what other people are using bitcoin.

[Coin Swap]

Investing in anything is a gamble regardless of what it is. tomorrow bitcoin could crash. the likelyhood of this happening is so small but its still a possibility and that's the gamble you're taking

[XbladeX]

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 itself is not gambling this is vilate currency. Price of bitcoin is gamble that is all.
Curency it salf after met some criteria won't be gamble when many people and services use it as best medium of exchange.
But we need years to achive that.

[kkaroul4]

as far as I know bitcoin is not a gamble but an online work system through internet access that its payment through bitcoin currency. gambling suit in my opinion must use initial capital and of course online gambling is not possible gain continuously

[Gontxi]

so who is bitcoin is gambling ? just like forex is not. there is always a saying that it is gambling. always the religious side brought. it's useless nowadays. technological progress can not be reclassified. forget the old ways because we have not lived in the past.

[BurhanPSG]

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 seems people are wrong perceptions with the work of bitcoin, bitcoin is not gambling because everyone works there.
bitcoin is like buying and selling stocks online so this is not gambling, in bitcoin can also be used to invest.

[mastica]

Bitcoin is used for several things, traded, investment, gambling, it looks a game to invest and wait till a moment to jump out when you are at trading, but we cant consider bitcoin as gamble, since its much more then those. Bitcoin is being used in big part to gamble purpose since some countries did banned some games at their countries now those people can keep playing with bitcoin.

[Vannie12]

Bitcoin is not Gambling. It is a digital currency used in different ways. Just for example in this forum. Yes it is used in gambling but not a Game itself. It is used as incentive, used for investments and trading. It is converted into fiat or may be a payment directly through internet. In our country it is also used to directly retail or buy load. Very handy and convenient. Bitcoin is more than the concept of Gambling.

[Farma]

of course bitcoin is not gambling. bitcoin is created to simplify transactions on the internet. besides, many use bitcoin as a transaction tool. it's just like money, even money like dollars is also commonly used for gambling games.

[Realist247]

No, is a technology that one invests into. There's continuously a risk, however it's not gambling if you're invested in a company that's achieving results !

Bitcoin isn't a company.