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Author Topic: Bitcoin is not gambling  (Read 20839 times)
anjaydut
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January 14, 2018, 07:53:38 AM
 #1781

sometimes i also think so, whether bitcoin gambling or investment
because of uncertain price fluctuations can change in every hour or even every minute
until now I have not been able to understand bitcoin, this seems like half a gamble and half a trade Grin

laowang666
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January 14, 2018, 08:02:16 AM
 #1782

We should not view bitcoin as a gamble, but as a way of investing, because gambling is a short-term asset, and it takes patience and time to hold bitcoins.
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January 14, 2018, 08:05:25 AM
 #1783

Yes you are right its not gambling, Its just a digital currency or we can think it as an asset in which you will invest and the value of the asset fluctuates according to the demand and supply of that asset.

Naurah03
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January 14, 2018, 08:06:13 AM
 #1784

Bitcoin is a Digital Cryptocurrencies. One of the way to earn income using bitcoin is by trading market. Bitcoin also used in trading market, that's why some people think that "Bitcoin is a gambling", because they only know the buy and sell bitcoin activity based on the price value.
Beehives
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January 14, 2018, 08:08:40 AM
 #1785

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.

Trading is almost  like gambling. you can lose you money if you are so aggressive. good thing on trading you can predict if you are wining or not unlike the gambling is pure on luck.
 

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Dapper
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January 14, 2018, 08:08:51 AM
 #1786

Semantics.   Gambling, investing....  you can make great gains, or lose everything.    Cheesy

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imstillthebest
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January 14, 2018, 08:12:07 AM
 #1787

Bitcoin is a Digital Cryptocurrencies. One of the way to earn income using bitcoin is by trading market. Bitcoin also used in trading market, that's why some people think that "Bitcoin is a gambling", because they only know the buy and sell bitcoin activity based on the price value.

bitcoin is not a gambling even if it used as a form of trading or gambling because bitcoin is a digital currency and a currency is a medium that is mainly used for buying or paying to someone. a gambling is way to gamble or to play games like card games , sports , dice , etc that requires you to bet or put a speficic amount in order for you to start playing it. therfor bitcoin and gambling are two different things and dont have a simliraties to each other whatsoever.
mmhaimhai
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January 14, 2018, 08:14:35 AM
 #1788

Bitcoin is a digital currency supposedly to be used as mode of payment in virtual world, yet as time flows it becomes a storage of value good as an investment for future usage as well. Investment and gambling shared same denominator which is risk but it won't still be not appropriate to say that bitcoin is gambling.

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Alfian2015
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January 14, 2018, 08:35:50 AM
 #1789

Gambling is an activity of drawing fate! For example - grab a dice, select a number and then hope the number will appear, throw the chest ... the decision-making process is complete when the dice is thrown, the end we never know and can not control it.

Then what about trading? Trading is a decision-making activity that involves many aspects ranging from market research and analysis, financial management and risk management to psychological management to recognizing market psychology as well as the ability to control oneself.
4U
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January 14, 2018, 07:52:28 PM
 #1790

I agree that bitcoin is not a gambling. Its just a way to help you more and gain profit from it. Bitcoin is not a gambling definitely it is not  a sin so why can you prohibit bitcoin its just a play time you should enjoy and after you will gain more.
Yes bitcoin is not gambling it’s a digital currency and it can be used for many things gambling is different thing in gambling you can lose and bitcoin can give you profit any time any place you can also learn a lot of things in bitcoin which can help you in your future so we need to join bitcoin and bitcoin have also one of the good quality that you can earn a lot of money from it which you can’t earn in gambling.
Ethernel
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January 14, 2018, 07:53:32 PM
 #1791

i know that some people categorized gambling activity from people who get money without give their effort, and usually people know you or other people who invested in bitcoin or something invest programs that they dont know, they will said that your investment is a gambling and dont have a good results
Lanacoco
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January 14, 2018, 08:12:54 PM
 #1792

BTC is completely innocent. Only fraudulent organizations make people misunderstand the BTC. Gambling sites cheat us by BTC, because BTC is money only.
fmasta
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January 14, 2018, 08:29:16 PM
 #1793

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.
So say ordinary skeptics who do not understand the technology of crypto currency, but already have some kind of false opinion. You should not listen to such people; on the contrary, you need to teach them and prove that they are not right in facts.

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maxdsign
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January 14, 2018, 08:35:05 PM
 #1794

definitely bTC is not a gambling .it is a currency
Lorna t
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January 15, 2018, 02:12:38 AM
 #1795

People do not know very well in bitcoin if anyone knows how much less and most do not know much to say just as bitcoin and bit are still down because the money is to be down and right well see that it seems like a gamble sometimes will reduce the money and compare it .one of them can not make a bitcoin it is special for everyone because it can shake up the amount of money fast sa fast in all the times .it is pointed out that everything is a gambling that they do not know that altcoins have decentralized and that really it the only one rising price but we just raise it .
Sunyoto
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January 15, 2018, 03:17:56 AM
 #1796

According to everyone, of course bitcoin is not gambling.bitcoin is a currency in the form of investment and the transaction is very easy to use by all our society. Wherever they do it well, the results are also good. If you trade in a market by buying a cheap price and stick with a higher price, to get more profit, it is not gambling.
Dapper
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January 15, 2018, 05:16:37 AM
 #1797

The is a common saying.... "the middle classes gamble in the stock market.  The lower classes gamble with lottery tickets."   

Crypto allows anyone with a phone to gamble (or "invest" based on "research,"....LOL) hence all the confusing and long winded threads about whether it is gambling or not.   

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lee cooper
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January 15, 2018, 05:30:53 AM
 #1798

I don't know why people say bitcoin is gambling. It's not gambling. You are investing your money and time. You use your internet. So it's not gambling dealing with it.
Yes, agreed, I also don't understand why people still think if it's a gamble. Bitcoin the difference is very far away. Certainly, some who consider that Bitcoin Gambling is people don't understand about Bitcoin.
Sarastiche
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January 15, 2018, 03:49:41 PM
 #1799

If we agree that Money is not gambling then Bitcoin is not,  the  law of  demand and supply,  and  global news relating  to  crypto has impact  on the  price ,so you cannot   conclude that  bitcoin is gambling.
bennysax
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January 15, 2018, 03:56:59 PM
 #1800

Sincerely speaking, I don't see bitcoin as gambling. It is pure investment. I see it as any other business out there where you trade and expect profit or loss in return.
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