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Author Topic: Bitcoin is not gambling  (Read 20880 times)
jakoylantern
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November 25, 2017, 05:20:54 AM
 #1261

For me, in the first place bitcoin is not all about gambling. The gambling world just adapts bitcoin and create new features about it. There are a lot of ways to earn bitcoin, yes gambling is in the selection, but it is not all about gambling. You can earn and obtain bitcoin in mining, trading, investing, joining in the signature campaigns and many ways more. Bitcoin is a digital currency that you can use to buy and transition to other people without any help from the bank.  Smiley
khokon150
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November 25, 2017, 05:29:16 AM
 #1262

Sometimes i think Bitcoin is gambling when price is suddenly pumping & falling down.Because without any reason price up & down more.But this thinking is for temporary.Actually Bitcoin is not gambling.
h55
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November 25, 2017, 05:57:46 AM
 #1263

If u have enough information and tools to hold and trade it, it is not gambing!
Gondwanaland
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November 25, 2017, 06:13:28 AM
 #1264

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 you are right that bitcoin is not a gambling because bitcoin is a way where you can earn alot. Bitcoin has a lot of help in every people so that it is not a gambing. bitcoin is a job where unemployment people depend on it.

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Chienna
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November 25, 2017, 06:21:49 AM
 #1265

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 bitcoin is not a gambling actually it helps the jobless people to have the way to earn for their everyday life. For those who says that it is a gambling they have a misconception what really bitcoin is. They do not have enough knowledge about bitcoin. So better watch what they are saying.
Esmeral
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November 25, 2017, 06:30:58 AM
 #1266

Why can you bitcoin is gambling, to me it is an investment channel,
In business if you have knowledge it is investment, and if you have no knowledge then it is gambling. To me, bitcoin is the investment
Honest Tim
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November 25, 2017, 06:39:50 AM
 #1267

Buying and selling cryptocurrency is basically a new 21st century way of investing. It's like buying and selling currency, except Bitcoin is s digital currency that has no central authority.So, we have established that buying and selling Bitcoin is an investment. Now we go back to your original question, is it gambling.Investing is gambling, when you buy stocks you could lose your money if the company goes bankrupt or if the price per share goes down. It's not gambling in the traditional sense, but it could be said that it is “gambling”.So yes, Buying Bitcoin is “gambling”, in the sense that it is an investment that could price crash at any time.
kissme09
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November 25, 2017, 06:40:31 AM
 #1268

Of course bitcoin is not gambling, but I feel it is still a game of chance as gambling  Smiley Smiley Smiley Smiley

Argoo
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November 25, 2017, 06:46:00 AM
 #1269

How can you compare bitcoyne with gambling? It's stupid to compare money with gambling. Crypto currency, bitkoynom you can get carried away, but hobby is not a gamble. If you approach the crypto currency as a gambling game, then most likely, you will lose all your money in this excitement. To work with the crypto currency you need certain knowledge and experience and competent calculation, and the game is not the place
Luckym7
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November 25, 2017, 06:51:21 AM
 #1270

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.
Some people don't know and not clear about bitcoin so they are called bitcoin is a gambling but bitcoin is a coin and it is for trading, payment , shopping , hotel bill etc for payment .
icecream sandwich
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November 25, 2017, 08:39:46 AM
 #1271

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 bitcoins is not a gambling because gambling is a game while bitcoins is more likely a currency a business and an investment. This involves a lot of risk but it doesn't mean that this is a gambling. Gambling is more likely a luck while bitcoins depends on how good you are in trafing or whatever strategies are you doing and it also depends to the peoplehow much value it will be in the market while gambling are fixed. Gambling are bad bitcoins are great.
Crypto_Zone
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November 25, 2017, 08:50:31 AM
 #1272

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.

Nicely explained. Every profit leads to a lost.
x86Daddy
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November 25, 2017, 08:51:42 AM
 #1273

hahaha. Actually, in some cases, we can say that investing in Bitcoin is a gambling. This is due to of the fact that, you buy it because its rising. You dont understand anything about it.
wilwxk
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November 25, 2017, 11:13:18 PM
 #1274

Bitcoin itself it's not gambling but trading with it could be, especialy if you don't know what are you doing.  Trading and investing always will have your risks, but this year appears a lot of peoples who buys bitcoin and ask for the motives of the price every week.
staywoke081
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November 25, 2017, 11:26:59 PM
 #1275

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 something you buy with money. It fluctuates a lot daily, weekly, and monthly. Anything you can put money into and lose is called a risk. Anything that has risk is associated with gambling. Bitcoin is gambling, you

are the one who needs to deal with it my friend Cheesy.

wolfracer
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November 25, 2017, 11:44:23 PM
Last edit: November 26, 2017, 12:07:55 AM by wolfracer
 #1276

On the contrary, Due to the constant fluctuations that bitcoin presents, the risk factor has always been present since its price level is dictated only by market speculations, because it does not have any kind of support. Thus becoming a bet for the investor, where you can vary the price level up to three times in a day or increase by more than 1000% in less than three months, but as well as, increasing its price exponentially it can also suffer abrupt losses thereof. 

elie_s
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November 25, 2017, 11:53:11 PM
 #1277

is it? well it has the risks of gambling you can either win or loose that depends, but everything is a gamble, bitcoin is like any investment you do in your life, u need to take risks to make money so no its not gambling its a good long term investment every1 should invest in

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jack1111
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November 25, 2017, 11:54:20 PM
 #1278

On the contrary, Due to the constant fluctuations that bitcoin presents, the risk factor has always been present since its price level is dictated only by market speculations,
Bitcoin has only one direction now, supported by great hype. Honestly, I am not sure it can reach $10000 before 2018, but I will be happy when that happen.
DoublerHunter
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November 26, 2017, 01:31:33 AM
 #1279

On the contrary, Due to the constant fluctuations that bitcoin presents, the risk factor has always been present since its price level is dictated only by market speculations,
Bitcoin has only one direction now, supported by great hype. Honestly, I am not sure it can reach $10000 before 2018, but I will be happy when that happen.
That is sure as of now, the price of bitcoin is just climbing and climbing and i think that after the 2nd week of the december then the price of bitcoin will have a rally up to 10,000 USD which will be triggered by the whales and other huge fishes in the market. 2018 will be just a part 2 of the rally for the price of bitcoin which will push bitcoin to the maximum price.
McKane
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November 26, 2017, 08:06:30 PM
 #1280

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 think that you do not know the definition of gambling. Gambling is not defined by time and usage of internet.

It is gambling, if one is not careful enough, this person could lose money. For example one thinks that it is time for investment, he buys BTC, waits, BTC starts to grow , he is happy. Few days later BTC starts to drop and drops below his initial investment level, he starts to panic and sells his btc. One has to have experience and cool head. Not to mention leveraged trading BTC which is possible in some trading platforms,  there it is possible to lose BIG.
As your said, he is a gambler, but Bitcoin is not gambling because there are many people became the traders, investors in this field. Some people do not have time for trading Bitcoin, they have decided to become the holder of Bitcoin and never sell their Bitcoin below the base price (bought price). They are the real investors and Bitcoin gave them this opportunity.
betting is a sort of amusement in which you can lose or win its a round of fortunes that is the reason its excessively unsafe and could make you poor in seconds yet bitcoins isn't care for that bitcoins is the easy approach to rain cash with no hazard on the grounds that the costs of bitcoins are increasing quickly that is the reason bitcoins isn't gambling.   

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