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Author Topic: Bitcoin is not gambling  (Read 20827 times)
Vz Ketua
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October 28, 2017, 02:59:32 PM
 #741

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 with your opinion. Bitcoin can not say a gambling. Bitcoin is pure business in the real world or virtual. The person who says bitcoin is a gambler, he just wants to ruin the image of bitcoin in the world.

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October 28, 2017, 03:06:03 PM
 #742

I can say clearly investment is a kind of gambling " especially the one based on currencies trading" because in both cases ( investment and gambling) you are not sure whether you earn or you loose . The unique difference between them is that in gambling the risk to loose is very high unlike the investment case
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October 28, 2017, 03:15:16 PM
 #743

I think people who say bitcoin is gambling it's their expression on bitcoin or they not know enough what bitcoin is. Maybe it's better to teach them what bitcoin does how to use it if they have knowledge about bitcoin i think their mind will absolutely change.
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October 28, 2017, 03:19:20 PM
 #744

Bitcoin not gambling bitcoin is real and we will be exist many more years in future but the scammer who create stolen invest site those people who gambling and stolen bitcoin from many users who have that precious cryptocurrency so be careful 
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October 28, 2017, 03:35:28 PM
 #745

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.

Most of the people who compare bitcoin and gambling are arrogant people. There is a fine line between gambling and investing. We are not just merely hitting the dart blindfolded. We look up upon sudden change in the market value of bitcoin to plan out our next move. Most of the time we hold on to our coins and wait for the perfect time before collecting our profit. We are not just merely gambling and risking our money, we are investing.
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October 28, 2017, 03:39:56 PM
 #746

a agree with you but in some cases we can say that it is a gambling in a way that if you convert your money or invest in bitcoin and hoping that you win or you wish to make the value become high you are in a gambling process or it is an act of gambling. but if you choose to make and think that you hold your bitcoin because you need it in the future we can not say that it is an act of taking the risk action in the hope of a desired result.
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October 28, 2017, 03:48:22 PM
 #747

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 also think like you, I am amazed that many people consider bitcoin as gambling when in bitcoin there is no element of gambling, yes it is not denied on the internet a lot of websites that provide gambling services using cryptocurrency
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October 28, 2017, 04:40:55 PM
 #748

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 the reason why people say bitcoin is also a form of gambling is because there is no guarantee that earning it is 100% sure. You can either be successful with it or a failure depending on how you manage.
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October 28, 2017, 06:43:22 PM
 #749

Looks like some people need to look up in a dictionary to find out the meaning of the word gambling. What says Bitcoin is gambling is not very intelligent and very ridiculous. A currency cannot be gambling. Taking risk in investing in a currency can be considered a gamble. But taking a gamble is not the same thing as gambling. Seriously some people need to learn English.

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 the reason why people say bitcoin is also a form of gambling is because there is no guarantee that earning it is 100% sure. You can either be successful with it or a failure depending on how you manage.

In that case everything is gambling.

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October 29, 2017, 12:27:46 PM
 #750

No Bitcoin is not gambling, in fact I would say it's quite the opposite. That is if you are able to just buy and hold BTC though, but if you start investing it and playing with altcoins then ya you're gambling.

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October 29, 2017, 12:31:49 PM
 #751

According to all of the major dictionaries, if an activity involves the following, it is gambling:

*  Stake
*  Risk
*  Profit/Loss

These dictionaries give investing as examples of gambling.

If anyone gives you grief about gambling, tell them to read

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

mhayandal
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October 29, 2017, 01:12:19 PM
 #752

bitcoin is a cryptocurrency its not a gambling maybe some people think that bitcoin is gambing it is a kind of money income came from a bounty campaign that you are joining its not an easy money like many people think.

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October 29, 2017, 01:17:35 PM
 #753

Well bitcoin is a money and a cryptocurrency, maybe bitcoin can be used in gambling but it is not gambling, It is earned by working on it and by joining any bitcoin activities like forums, campaigs, advertisements, and more but not gambling.
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October 29, 2017, 01:31:17 PM
 #754

Of course bitcoin is not gambling. I try hard to get bitcoin by following bounty, in the bounty payment I use for capital trading bitcoin. It is not right to call bitcoin a gamble, it all depends on how we get bitcoin.
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October 29, 2017, 01:51:48 PM
 #755

Exactly Bitcoin is not gambling. I like to this it's the opposite of that, especially when you are able to just buy and hold it. If you start investing in alts and forkcoins with your BTC then you are.

 
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October 30, 2017, 07:21:21 AM
 #756

well bitcoin is not a gambling but you can consider it as one why? everything about finding new things to make money is gambling, a good one actually and one good thing about risking your luck here in bitcoin is you can starr with no involvement money  the investment that you need to put is yoy dedication patient and willingness to learn
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October 30, 2017, 07:46:07 AM
 #757

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 bitcoin was never a gamble to begin with. I think investment is a gamble. Because once we invest our bitcoin, there is no guarantee whether it will be successful or not. That is why bitcoin itself is not a gamble.

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October 30, 2017, 08:02:01 AM
 #758

Bitcoin is not gambling rather a calculated risk. So to say.  If Bitcoin is gambling then the stock market is also gambling so as penny stocks it's same thing as alts. We always predict the market by doing a well calculated research so it's not gambling in any way.
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October 30, 2017, 08:14:51 AM
 #759

Bitcoin is a passive investment not gambling. It will soar high in the future.  Smiley Cheesy
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October 30, 2017, 08:49:54 AM
 #760

bitcoin itself is not gambling, is the use you do with BTC that can be gambling (pure gambling on websites or market trading), if you put aside the idea of crypto and consider it like a stock option, it's just another investment until you trade by buying low sell high.
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