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Author Topic: Bitcoin is not gambling  (Read 20837 times)
raminh
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January 20, 2018, 08:57:03 PM
 #1861

There are many without any knowledge about bitcoin, just have heard about it and the people who multiplied their money with bitcoin. They invest in bitcoin, wait and do nothing. For them bitcoin is a gamble.
itsmeram
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January 20, 2018, 09:10:21 PM
 #1862

There are many without any knowledge about bitcoin, just have heard about it and the people who multiplied their money with bitcoin. They invest in bitcoin, wait and do nothing. For them bitcoin is a gamble.

If you think that bitcoin is gambling, then you are a dumbass who does not even know how does bitcoin works. No offense, but this kind of accussations towards bitcoin have been created more than 100's of times in here. There is nothing new with this.
Lyne01
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January 20, 2018, 09:27:13 PM
 #1863

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 more of investment. It is legal investment of your money, time and effort. Bitcoin can give you a huge money in legal ways. The mobey you earned here is a hard earned ones. In gambling, the money you will earned is called easy one.

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braZZers123
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January 20, 2018, 09:35:20 PM
 #1864

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 do not believe that this is gambling. Since you rely not on an accidental outcome, but on your knowledge and consciously choose how and where you invest.

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vkwame30
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January 20, 2018, 09:36:53 PM
 #1865

Bitcoin is not gambling. Is investment  but as every investment  has associated  risk that  make  it seems gambling  so is bitcoin. Gambling is a game of chance but bitcoin is not. Is based on demand and supply.
Kavallo
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January 20, 2018, 09:41:04 PM
 #1866

Also in the casino you invest your money and time, so this is not a criteria. The point is that you buy Bitcoin not because you need it to buy things, but because you hope it will rise in price, instead of dropping in price. And of course it could go either way, you cannot guess it for sure. This IS gambling.
daarul50
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January 22, 2018, 01:59:06 AM
 #1867

I agree with this topic that bitcoin is not gambling. Bitcoin is a digital currency and gambling service providers add bitcoin as their preferred currency option. We all know that gambling can use anything as long as something has a price and any currency can be used to gamble including the bitcoin that is now the currency most in demand by everyone who knows it.
usechain
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January 22, 2018, 02:25:36 AM
 #1868

Bitcoin is not gambling, gambling is our luck test, and the dealer may also be outgrown for us to lose money, but bitcoin is an investment that can not be manipulated by the price fluctuations because of the needs of buyers and sellers Not the same as gambling.
Ramtapsbtc
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January 22, 2018, 03:01:21 AM
 #1869

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 for me is not gambling. It is investing as we will wait for some time to gain our profit. You can not loss everything in bitcoin.
Daniel355
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January 22, 2018, 03:05:00 AM
 #1870

We can't deny that people have different ideas and opinions about bitcoin, Bitcoin is play a role as a currency and an investation.They are just people who don't know about bitcoin
MeongElek
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January 22, 2018, 03:11:58 AM
 #1871

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 Not gambling. I do not know people say the bitcoin was gambling to see from which angle, which I clearly understand is the bitcoin crypto currency used for investment and trading methods. Some even say bitcoin is the currency used for online payments around the world, because bitcoin is well known to everyone in the world. So I say again that bitcoin is not gambling.

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January 22, 2018, 03:13:53 AM
 #1872

If people say bitcoin is gambling, we need to agree that share market is also gambling. However, bitcoin is a kind of digital currency and the way the price grows has many reasons like correction, market cap, people buy or sell more bitcoin etc and there's no gambling takes place here.

genology
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January 22, 2018, 03:16:09 AM
 #1873

Stocks, mutual funds, and bonds also have risks associated with it but people don't consider it gambling. The right term would be Bitcoin is an investment. Gambling is using money for entertainment and games. Investing is another thing. It is a wise way of generating passive income.

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mason2002
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January 22, 2018, 03:19:55 AM
 #1874

In my own opinion investing and trading in bitcoin is gambling but the probability is high to have a profit if you're investing while trading need special skills to profit which maybe bigger profit than investing
coin_1122
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January 22, 2018, 03:22:16 AM
 #1875

absolutely not. Bitcoin is not gambling. However, if you join the crypto market you do not know about it. You will probably lose everything, it will be like gambling

If you think crypto is a gambling then it is. Till now I never felt crypto market is gambling and it is just like share market. You can see people who are waiting patiently are getting paid in 2 or 3 time on their investment, but in gambling we have only one choice either we can win or we can loose.
Amit nandal
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January 22, 2018, 03:24:42 AM
 #1876

But most of the people use it for gambling. Around 90% of bitcoin is used for gambling. And most of them are locked away by FBI. So the remaining is used for trading. So as per me yes bitcoin is directly related to gambling.
Lare linglung
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January 22, 2018, 03:26:29 AM
 #1877

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 gambling, because bitcoin is digital money but its function bitcoin be double can be digital money or investment or asset. so this is not gambling but buying and selling that takes time and thought.

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Its Me Raihan
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January 22, 2018, 03:52:49 AM
 #1878

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 you. Bitcoin isn't Gambling because of Bitcoin is a online based currency and on the other hand Gambling isn't a currency which defined as betting.
rodgelampis
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January 22, 2018, 03:57:58 AM
 #1879

Yes bitcoin is not gambling, because bitcoin is digital money but its function bitcoin be double can be digital money or investment or asset. You are investing your money and time. You use your internet. So its not gambling dealing with it.
notyours
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January 22, 2018, 04:05:09 AM
 #1880

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.

If you see bitcoin as a risky thing, bitcoin is somehow a gamble in luck to win or lose. Bitcoin can be used in gambling as a mode of bet or payment, but bitcoin itself is not gambling. For me, bitcoin is a currency that also acts as an investment due to its ability to gain profit. It is quite risky yet worth it for a long run.
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