Bitcoin is not gambling

[Bitcoinnumberone]

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 beg to disagree, people actually say that it is gambling because they have tried it.From the definition of gambling,it says that it is an act where you risking something important by relying on chances. It is gambling not in a sense of betting money in a game of luck and skill. What we mean is people do not just simply invest in bitcoin,they are gambling it. Once you invest, you are taking the risk of losing sosomething.  When you are trading, it requires to have trust in others. It may be high risk because some are reputable and trustworthy and some are not so you are taking the risk here.

[serverus]

It is not gambling but you can gamble it. It is a currency that you can invest. But when you gamble it. just remember, never gamble what you can't afford to lose. 

[wildan88]

In my opinion,Bitcoin is not a gamble because Bitcoin is a currency,not a gamble and you should not say that bitcoin is gambling.
It's all up to you,make this Bitcoin forum a good forum and do not create Bitcoin a gambling place because it will ruin this forum.

I think it's the fact that bitcoin is indeed a currency is not gambling. people who consider bitcoin is gambling, may see risks of bitcoin like gambling. easily lost in an instant because the price volatility.
But if learn more about bitcoin, bitcoin is not gambling, but bitcoin is a currency that becomes kind of investment which has a high risk with benefit very high also.

[vinceB]

Yes its not gambling

[Lonthe]

Agree, bitcoin is not gambling, it's more true that bitcoin is the future of the world transaction system, everyone will soon use bitcoin and this will make the price skyrocket to hundreds of percent each year.

[X2PR8888]

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.  You cant say money is gambling itself.  But if you invest your money and convert it into bitcoin,  now it is gambling.  Because you take a risk investing your money to a volatile currency hoping it would rise up in the coming days,  but you know it might also drop.  There is still win or lose in it,  so basically its still gambling.  The process is gambling,  not bitcoin itself.

Ditto! Good point on clearly pointing out that bitcoin is not gambling but the process of trading and investing it may be considered as gambling.  It is so because gambling, as how it is defined, is when you take the risk on something and hoping for a favorable result. It is not the gambling that most people commonly mistake as like making an unintelligent bet in casinos.

[Ben100]

Bitcoin or any other other cryptocurrency is a kind of online currency and a currency itself can't be a gambling. So as far as I concern bitcoin is a better way of earning and give people a better life. It's just a way through which people invest money into the bitcoin. It can be called gambling to some sort because like any other business it requires making predictions regarding probability.But to the upper hand cryptocurrency is a better way of earning online because any kind of business requires some kind of risk otherwise it could not be called as gambling.

[Ayush rana]

Bitcoin is not gambling but we use gambling to earn more bitcoin. Insted of hard currency we use bitcoin and then we make a bitcoin as a gambling.

[Haunebu]

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, I agree.
Gambling can multiply and spend money quickly but in Bitcoin (investment) you can control the profit and the losses.

What are you talking about? Bitcoin trading is indeed a form of gambling. Just because I am using the internet to trade bitcoins does not mean that I am not gambling. Investing in the crypto market is risky and everyone knows how extremely volatile the crypto market is. Any coin can explode or fall at any time without any specific reason. This is a form of gambling according to me.

[jake zyrus]

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 not gambling it is investing. In invest sometimes will down and up but is like a gambling you bet money to win or lose. But for me its not gambling.

[crypto4lambo]

I think they say that bitcoin is gambling simply because they invest without prior knowledge about it. It is very hard to dive into something you are not well aware of. They just enter crypto world because of hype and assuming to have easy money. They will be easily frustrated if bitcoin goes down as they enter the trade or do not go as planned so they have no choice but to be stuck  in holding or just to cutloss. This happens alot especially for FOMOs and people driven by hypes. Bitcoin is not a gambling  if you know what you are doing. It is a currency and it must be respected as that. It is not just a money making tool online. There’s more to learn if someone says bitcoin is gambling.

[Andre#]

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, I agree.
Gambling can multiply and spend money quickly but in Bitcoin (investment) you can control the profit and the losses.

What are you talking about? Bitcoin trading is indeed a form of gambling. Just because I am using the internet to trade bitcoins does not mean that I am not gambling. Investing in the crypto market is risky and everyone knows how extremely volatile the crypto market is. Any coin can explode or fall at any time without any specific reason. This is a form of gambling according to me.

Important, can you know this risk and accept it?
A trader is also a gambler when this trader can not calculate its profits, loss money before investment.
Unlike gambler, a real trader can do these things and they also know the risk of investment, that is the reason we can not call trader is gambler or reverse.

[ucingucingan]

Bitcoin is not gambling because there is a special way to predict price movements, that is by analysis of market behavior itself that is by seeing the basic law of commerce is the relationship between supply and demand.

[Thecryptocurrency09]

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 really gambling. Tho some of us take risk in investing on some of it. But somehow there are still gambling involved in bitcoin. After all it is still a choice if you prefer to plah with your bitcoin or just go what it is.

[LancienMaleAlpha]

I agree to others. Bitcoin is just a currency. Some people confuse others by calling it gambling because they seem like to not know what it really is. When you invest real money into somewhere and then it gives you BTC, then such kind of activity may be called as gambling, but not the currency itself.

[Jinz02]

yeah its not gambling the bitcoin is investing so your btc will grow up , the gambling you only believe in luck
but in bitcoin you need to observe when bitcoin is grow up or price down so if you buy btc for a low price then sell it when the btc price grow up obviously you earn much money.

[bryson]

How would investing or buying any currency be considered gambling. It's similar to buying a high risk investment, the price fluctuates a lot but even so it cannot be considered gambling because it's a calculated risk most of the time. Gambling is just throwing your money away whereas this is investing. It's completely different.

[Latviand]

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 digital currency i think they say that bitcoin is gambling because its have an invesment. You have to invest before you have a bitcoin or you join to the campaign. And in terms of investment. It with always at risk and risk is like a gambling i think that is what they mean. And because of its unsteady value state too.

[coin_1122]

I agree to others. Bitcoin is just a currency. Some people confuse others by calling it gambling because they seem like to not know what it really is. When you invest real money into somewhere and then it gives you BTC, then such kind of activity may be called as gambling, but not the currency itself.

I to agree with you because many people are using Bitcoin for gambling. So it makes them to feel that Bitcoin is gambling but I never felt Bitcoin is currency where very soon you can use it to buy all resources you want with Bitcoin.

[acmagbanua21]

for me investment or Trading can be associated to Gambling in such a way that you are risking something to earn more which is one of the definition of gambling.