Bitcoin is not gambling

[mornabo]

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.

maybe bitcoin can be interpreted as a gamble when someone comes in and then invests and trades on bitcoins without preparing things like bitcoin knowledge, bitcoin markets, fluctuations, lack of trading skills, etc and he just depends on his luck to get a profit from the trade, i think it can be interpreted as gambling because to invest in bitcoin requires knowledge of bitcoin first. so they will not panic when something bad happens to bitcoin

[Choii]

Yeah your right, bitcoin is not gambling it's part of investment because there's up and down like in the stock market you didn't know if the price go up or down win or lose. And many people i think didnt know what bitcoin is thats why he/she think its a gambling. And for me bitcoin is a digital currency or money that made in the internet before you can get bitcoin first require is internet so its not gambling thats my opinion.

[kiddeon123]

basically the definition of gambling is wagering money without a certain outcome, well in bitcoin you wager your money and you don't know what will happen in the future, but it can be monitored and it is not pure luck. you can earn money through bitcoin with the right skills.

[Krillin61]

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.

maybe bitcoin can be interpreted as a gamble when someone comes in and then invests and trades on bitcoins without preparing things like bitcoin knowledge, bitcoin markets, fluctuations, lack of trading skills, etc and he just depends on his luck to get a profit from the trade, i think it can be interpreted as gambling because to invest in bitcoin requires knowledge of bitcoin first. so they will not panic when something bad happens to bitcoin

Indeed, the meaning of bitcoin is changing depending on how we will use it. Bitcoin only becomes a gambling if you entered in one transaction that you have no experience, skill and knowledge at all. Like trading is more likely  a gambling because you have to risk in order to gain profit.

[Golftech]

basically the definition of gambling is wagering money without a certain outcome, well in bitcoin you wager your money and you don't know what will happen in the future, but it can be monitored and it is not pure luck. you can earn money through bitcoin with the right skills.

good point with knowing the fundamentals and allowing yourself to explore inside this type of investment i think its not gambling its investment and every investment have its corresponding risk, you are just placing your money because you have a big faith that things will be in a bright side, investment indeed and that should be look forward coming from every investors/holders.

[Oppang Inamo]

Basically its not gambling, because at first it has a legitimacy proofs and it is used by many companies and groups, they invest for their own good thats why we cant say that this is gambling, and gambling involves money that will possess by other people if youve done things in certain time. So its not a gambling, its a help that came from cryptocurrency.

[yunita]

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.

true because what we do all this requires creativity and experience so all this in getting from the hard work as work offline so I think wrong if bitcoin is gambling because of the trade alone there is a willingness to sell and buy themselves without any coercion as the law sell buy.

[rhamzter]

Basically its not gambling, because at first it has a legitimacy proofs and it is used by many companies and groups, they invest for their own good thats why we cant say that this is gambling, and gambling involves money that will possess by other people if youve done things in certain time. So its not a gambling, its a help that came from cryptocurrency.

Of course bitcoin was not gambling, but sometimes due to powers of higher position in bitcoin community. Legalization of gambling using bitcoin was allowed, otherwise most of the people joining in bitcoin society was want to earn income rapidly that's why even their small people were play gambling. However they have a chance to stop it using self control.

[Restmand]

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 dont know but let me say what in my mind. For other side bitcoin is  sometimes gambling but i think its the truth  that bitcoin is gambling , nah nah nah lets clarify bitcoin is not a gambling but in the way that can make gambling the bitcoin. In the investing bitcoin there's a way in investing bitcoin what's called "gambling" . gambling is a type of earning a bitcoin that you have to risk.  if you have luck in the gamble then you must try this. and if you don't have luck then don't waste your bitcoin and your time

[capensis]

Read this short interesting thread re BTC is gambling.

The Truth about Cryptocurrency

https://bitcointalk.org/index.php?topic=1931694.0

[The Monkey King]

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 believe that bitcoin is really not a gambling even though sometimes it became gambling due to the powers of all the higher position in bitcoin community. The legalization of gambling using bitcoin was allowed and otherwise most of the users joining in bitcoin society really wants to earn income in a faster way that's why other call it gambling but really bitcoin cannot be a gambling. However, some people who are gambling bitcoin can stop it using self control.

[Zemomtum]

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.

Yeah I'm in favor, as you say, It's not really a gamble, let's say that it's a gamble, we gamble time, internet and knowledge so we can earn the money we want to achieve. Tell them what they are talking about. But I have heard that such a word about bitcoin, it is a gamble and it is unbelievable to those who have begun it. It would be better if they decided on bitcoin's ability to try it first if it is true and it helps people's needs. There are just people who really want to kill a name. So do not let us hear what they say because we have the same beliefs .

[smokeydog]

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 a currency.  

If it's a currency, then why can't I use it at Starbucks to buy some coffee?  

Gambling, that's a bad term.  In the financial world there is investing and speculating.   Bitcoin is clearly speculation.   It's so new and not really a currency, so we can't even call it currency speculation.   It's difficult to classify but it sure as hell isn't investing.

We have a long long way to go before bitcoin fits into day to day life without needing exchanges to local cash to buy what we need.

[chichan13]

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.

Fair point. Because Bitcoin is a currency. Saying that investing money is gambling is like saying that investing in a company and playing poker are similar. Using Bitcoin is just like using regular money but online. Besides, its a lot faster and cheaper than paying using online banks. Yes it lacks many characteristics of real money but Bitcoin have a different and specific purpose.

[Biggapp]

It is not gambling but because of the privacy feature many people have decided to make profit from it by either gambling or even starting your own gambling site. Sadly we now see many bitcoins going into gambling which gives it a bad name by the legal authorities

Bitcoin for me as well not the gambling but the bitcoin is the money. I think it is easy to invest your money in the gambling and the other sites so you will be able to invest in the other currencies. The worth and the profit can be able to get through the bitcoin investment not through the gambling as much it can be happen in the investing and the trading.

[An0nyMoose]

The title of this thread is funny, because I cannot tell you how many times people have told me investing in Bitcoin is like gambling!

[monica69]

Gambling can be defined as taking risk in hope of better results, one can put some money in casino, betting or any other sport. In gambling only thing which works is probability but when you put money in Bitcoin can be termed as Investment rather than Gambling, moreover Bitcoin being a currency is further used by the people for Gambling but having Bitcoin cannot be termed as Gambling.They don't really get what the cryptocurrency is.

[Larva14]

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.

You cannot invest without risks. And investing is somewhat similar to gambling. What keeps them different from each is that gambling brings out addiction to the person. May be people see bitcoins is a form of gambling because you invest a high amount. But what is important is that you should be cautious to your decisions. Gambling have generally low chances of winning, unlike the value of bitcoins which flactuating but you can still predict what will happen.

[Trela]

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.

You cannot invest without risks. And investing is somewhat similar to gambling. What keeps them different from each is that gambling brings out addiction to the person. May be people see bitcoins is a form of gambling because you invest a high amount. But what is important is that you should be cautious to your decisions. Gambling have generally low chances of winning, unlike the value of bitcoins which flactuating but you can still predict what will happen.

Do you think trade on the cryptocurrency market not make you addicted to it? No, even it can be like gambling and will make you never forget it. The profitability of the crypto market really high and after a long time you can not make more profits, you will have many wrong decision because you are hurry up and want to succeed fast.

[KenChanYu]

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.

You cannot invest without risks. And investing is somewhat similar to gambling. What keeps them different from each is that gambling brings out addiction to the person. May be people see bitcoins is a form of gambling because you invest a high amount. But what is important is that you should be cautious to your decisions. Gambling have generally low chances of winning, unlike the value of bitcoins which flactuating but you can still predict what will happen.

Do you think trade on the cryptocurrency market not make you addicted to it? No, even it can be like gambling and will make you never forget it. The profitability of the crypto market really high and after a long time you can not make more profits, you will have many wrong decision because you are hurry up and want to succeed fast.

well for me bitcoin is only an opportunity or.maybe an investment that give us hope . It is not gambling although we have risk on making money with it but it is all in terms of investing or trading and it is your own choice if you gamble with bitcoin. I think gambling is a choice or an option and we can use bitcoin for that but if we are going to say that bitcoin is gambling i think it is not nescesary.