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Author Topic: Bitcoin is not gambling  (Read 20839 times)
tauceramica
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January 10, 2018, 11:49:53 PM
 #1741

It is definitely not gambling because you buy something and you own coins so it is in your hands to sell it or not because gambling is just to bet on something.

You're aware of this, but not everyone knows this. Some amateurs see bitcoin like another type of gambling, they assume 2x income every time they win something. There is nothing like this in BTC markets.
Matj
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January 10, 2018, 11:58:18 PM
 #1742

Everything in this world is a gamble. Still, Bitcoin has the best chances. It will survive as long as the internet exists, and 1 BTC will always be worth 1 BTC, while fiat goes down and will disappear. Bankers will be sitting lonely in their empty offices, as nobody pays attention to them anymore. Sad
wiser
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January 11, 2018, 12:02:32 AM
 #1743

I should add: don't limit yourself to just Bitcoin. There are some pretty decent proof of stake coins out there, so when you buy some, then your wallet will "mint" more. Then it's not just a matter of buying low and selling high, but you're actually earning a bit of an income. A really great proof of stake coin to check out is DMD Diamond.
nakauten
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January 11, 2018, 12:22:02 AM
 #1744

Yes BTC isnt gambling but trading bitcoin is somehow like you are gambling money but in reality you arent.

NakaBTC
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January 11, 2018, 12:22:24 AM
 #1745

it's gambling only if trading for short term. noone can predict price for short term, but long term investors are no gamblers of course.
brainape
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January 11, 2018, 12:29:02 AM
 #1746

It is definitely not gambling because you buy something and you own coins so it is in your hands to sell it or not because gambling is just to bet on something.
Bitcoin itself is not gambling, but different people using bitcoin for different purposes, some people use it as fiat for fulfilling and using bitcoin as fiat for buying different things, while some people using bitcoin for trading and investment, while some people also use bitcoin for gambling, and i think bitcoin make it very easy for the gambling to play gambling while setting in their houses and use online gambling casino for gambling.
candy21
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January 11, 2018, 12:43:30 AM
 #1747

Yes, it's true it’s not a gambling because bitcoin is a digital currency. And can earn here with hard work so it's up to you if you work fulltime. Can invest here as well as you can trade here because bitcoin is a life-changing currency.
Flor1982
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January 11, 2018, 12:51:26 AM
 #1748

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 that Bitcoin is an investment to earn lots of paper money for our future spending but if Fiat is a currency that can be use to buy and to be spend in anything even for gambling etc. Then it is the bitcoin too because bitcoin is a currency that we could use to spend for anything with the only different is the form in which fiat is physical while bitcoin is like money in the air.
Tonicantik
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January 11, 2018, 12:54:21 AM
 #1749

You are right thinking Bitcoin is not gambling it is just digital currency but Bitcoin price is up and down thats why many peoples says its gambling or like as bubble but i am not agree with this people its their wrong thinking
lamcouz
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January 11, 2018, 12:55:38 AM
 #1750

Gambling is an activity that you will win 49% of all times; lose 51% of all times; statistically. Bitcoin - in long run your winning rate is definitely higher with an educated info that this is the next digital currency.
ilovestroberi
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January 11, 2018, 02:31:11 AM
 #1751

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.


That's true. Bitcoin is not considered as gambling cause it is a cryptocurrency. Gambling is one of the one to earn bitcoin.

piter66
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January 11, 2018, 02:41:02 AM
 #1752

Well investments are always a gamble if a risk involved bu the same is true for just about every investment in the market not just bitcoins .
naily
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January 11, 2018, 02:49:07 AM
 #1753

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, bitcoin is the currency of the crypto where you invest and if the bitcoin is more interested then you will benefit from the crypto currency and if bitcoin value decreases in price then your investment money is not lost at all, you are still investing.
rube08
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January 11, 2018, 02:50:56 AM
 #1754

Everything you invest your money in is a gamble.  That is what investment is.  If an investment guaranteed 100% profits, everyone would be doing it with no risk at all and nobody would work.  Bitcoin is not guaranteed 100% so the only thing you said that was valid was it is an investment (which an investment can lose money also).
Gintama214
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January 11, 2018, 02:55:47 AM
 #1755

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.

Absolutely, it is not gambling, it is more about in investing and having risks when your money. People do tend to think it is gambling that's because they don't know what bitcoin is and they are too ignorant about it. I do think that we should make those people learn about bitcoin, what are the benefits that it can give to us and what are the things that we can do to take advantage with bitcoin. People just don't care about it but sooner or later they will realize that this is the big thing and the next thing in currency. Especially, in our generation that technology is getting bigger and bigger.
Baser
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January 11, 2018, 02:58:14 AM
 #1756

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.

They are gambling for trying to guess that Bitcoin's price will rise or fall. It's actually a floating currency. They are thought to be gambling because it is floating and unpredictable. Bitcoin is not gambling. It's a digital currency. And it will remain.
pelipurlara
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January 11, 2018, 03:03:13 AM
 #1757

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 crypto currency that is useful for digital or virtual money transactions, where you trade invest with bitcoin and if the market from bitcoin is good you will benefit from your investment, from where they say bitcoin is gambling. not bitcoin is not gambling
peterpeterpeter
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January 11, 2018, 05:08:12 AM
 #1758

Big NO..
Gambling is a form of play games of chance for money. That is the definition of gambling..
Very far to bitcoin..
Bitcoin if you a strong determination and patience you making your own money..
Harley29
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January 11, 2018, 07:42:39 PM
 #1759

Bitcoin is sure not gambling , We know how to get it and invest through it, and it can act as an intermediary.
Bitcoin is purely a digital currency and there are a lot of sources to earn from bitcoin I know a lot of people who are doing gambling here and they think it’s one of the fast way to earn but I think they are wrong because in gambling you can lose and if you want to earn on daily base with fast way so you can join on line trade because I’m also earning from on line trade and its very useful for me and I don’t need any gambling to earn.
rog1121
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January 12, 2018, 03:59:18 AM
 #1760

People are dumb then just ignore them. Like someone else on this thread said "Bitcoin is a currency. You cant say money is gambling itself”. By that logic even USD, GBP every single type of currency is gambling. There is no end to this argument
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