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Author Topic: Bitcoin is not gambling  (Read 20834 times)
FaithETH
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October 09, 2017, 07:29:41 PM
 #521

Why would anyone think that Bitcoin is gambling? You can compare Bitcoin to a normal currency. Is exchanging your money to a different currency considered as gambling? Of course not! For me, investing in cryptocurrencies is a long term investment with a small risk if you know what you are doing. If we considered Bitcoin as gambling then stock exchanges should also be.

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October 09, 2017, 07:52:48 PM
 #522

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 meaning of gambling in bitcoin is due to its situation varies according to each country as some state it as illegal and some state it legal and if tomorrow every one declares it illegal then nothing can be done. So it is totally risky just like gambling.
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October 10, 2017, 12:59:28 AM
 #523

In a way it is mate. Even not in just a way, sometimes it is pure gamble. Depends what decision you make and based on what.
Well you could say that, I mean I think its in the middle or something. If you would put it as simple as it is then it should go like this: You wanted to invest in a coin that currently has a high value exchange to fiats and will make you a lot of profit (that's not gambling), but you don't know when it will be a good time to sell, should you wait or should you just don't make any hesitation and just go buy or sell the coin (that's gambling). So basically, everything that makes you to 'decide' that's already gambling, money-wise or not, it is what it is.

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October 10, 2017, 01:14:27 AM
 #524

i agree with your opinion about bitcoin is not gambling. you provide money to buy bitcoin, invest in btc and time. because btc will always rise. just be sure to patiently wait for the rising btc  Smiley

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October 10, 2017, 01:28:40 AM
 #525

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank so it is not a gambling but if you use bitcoin by playing games of chance for money or some betting, you can called it gambling.
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October 10, 2017, 01:33:44 AM
 #526

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 some people they said that bitcoin is gambling but for me bitcoin is not gambling it will help so much for all people like me but  you ca use bitcoin to go in some gambling so that's why many people try and saying about that bitcoin is a gambling. Huh
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October 10, 2017, 01:36:46 AM
 #527

i agree with your opinion about bitcoin is not gambling. you provide money to buy bitcoin, invest in btc and time. because btc will always rise. just be sure to patiently wait for the rising btc  Smiley
Yes, but at the beginning what people think is that it's similar to gambling where knowing about bitcoin itself makes us risk without much efforts. Only when they get into it and starts experimenting understands about the true fact and the efforts required to multiply the earnings through bitcoin.

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October 10, 2017, 02:14:20 AM
 #528

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.

At first I thought it was gambling. But when I knew what is the real behind this bitcoin this isn't a gambling

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October 10, 2017, 04:05:13 AM
 #529

who said that bitcoin is gambling. It is a currency, a digital currency. We give our important time to this, we take risk by investing there,after all of this how can be it is a gambling. Really sily talk! Lips sealed Angry

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October 10, 2017, 04:33:13 AM
 #530

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.

Perhaps what they meant when they use gamble is that you are gambling your money for investment whose return implies some risks. You are also gambling your time as well as your efforts in fulfilling tasks and work that might all end up useless. You are also paying for your internet. These are all considered gamble. Well, at least in its broad sense.

 
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October 10, 2017, 04:45:18 AM
 #531

Yes I agree bitcoin is not gambling it’s simply the reward of work you have done. It’s simply a job through which people are getting amount of that work done. Bitcoin is digital currency and many countries are accepting now days. Therefore we can’t say that it is gambling it is simply the online job for peoples.

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October 10, 2017, 07:44:53 AM
 #532

I also agree with your opinion, many think that bitcoin is a place for gambling. They do not know what we actually do, they just look at us from the outside only and speculate without clear evidence.
Actually there are some creature on earth, just foolish one, who are using bitcoins in gambling. They want to double and triple bitcoin by getting into gambling. However there are so many ways of increasing your bitcoins like you just mentioned mining, trading, advertising and campaigning and much other, just a little need to explore.

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October 10, 2017, 10:01:35 AM
 #533

Bitcoin is very different from gambling. Yes it can be used for gambling and casinos but that does nit mean that it is already gambling. Bitcoin is a form of investment wherein the price accumulates or depreciates and it is similar to stock exchange.
Yes its true it’s not a gambling it’s a digital currency and here you van also learn a lot of things about trade, business, investment, mining etc. bitcoin is actually a currency and here you can also do a daily trade or you can do investment with this currency you can buy things or you can use it for your daily expanse and in gambling you can loss things and money.
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October 10, 2017, 11:32:56 AM
 #534

Bitcoin is very different from gambling. Yes it can be used for gambling and casinos but that does nit mean that it is already gambling. Bitcoin is a form of investment wherein the price accumulates or depreciates and it is similar to stock exchange.
Yes its true it’s not a gambling it’s a digital currency and here you van also learn a lot of things about trade, business, investment, mining etc. bitcoin is actually a currency and here you can also do a daily trade or you can do investment with this currency you can buy things or you can use it for your daily expanse and in gambling you can loss things and money.
If you don't have any idea or knowledge about bitcoin and you will just put your money here in bitcoin without even studying what is bitcoin then that is when you are gambling in bitcoin because you just making greedy moves that doesn't have any support of knowledge or ideas that is from you. So it is better to research or study so you will not gamble any of your money.
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October 10, 2017, 11:42:04 AM
 #535

Ofcourse its not a gamble if you understand the concept and reasons WHY its actually increasing in value.
Bitcoin can be said to be a gamble if you join the community or play gambling. if you do not gamble then Bitcoin is not a gamble. Grin

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October 10, 2017, 11:45:43 AM
 #536

Its true, some people who are unfamiliar with internet world, assume bitcoin is no different with gambling and that's what happened to people around me. They assumed that i was gambling, when they saw i was posting in this forum. And it becomes very annoying.
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October 10, 2017, 11:49:08 AM
 #537

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.

same with your opinion about bitcoin not gambling it is trade.
but you interisting money to trade, invest in bitcoin because will price always rise.
bitcoin future world
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October 10, 2017, 11:51:38 AM
 #538

who said bitcoin is gambling? i think they don't know what bitcoin is and  then heard bad things about bitcoin.
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October 10, 2017, 11:53:29 AM
 #539

Sometimes I think it is gambling because it drops or rise so quickly,but sometimes I think bitcoin is a kind of currency,it can be investm not gambling .so i am confused too
Bitcoin is on how you treat it if you use it to gamble therefore we can call it as a gambling. Bitcoin for me is not a gambling but rather it is a source of income, we can use it for online transaction. Bitcoin is a big help for us.

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October 10, 2017, 11:55:57 AM
 #540

I think bitcoin is not a gamble because we are not instant to get results and to my knowledge that our online gambling will not win and we certainly lose
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