Is bitcoin a form of gambling?

[Denies]

well, this is the knowledge for many new beginners involved in bitcoin and crypto.
basically, the layman's understanding of bitcoin is gambling or ponzi schemes. actually this is far from what they think, ignorance makes a person do not understand and carelessness is one of ignorance. so, in essence, we should seek knowledge and broad insight about bitcoin if interested further.

[Hallmader]

In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings.  I think everyone will agree that's a form of gambling.

In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.

Is this aspect a form of gambling?

And if so, is that illegal in the U.S.?

You are getting it the wrong way. Your information about Bitcoin is terribly wrong. Please get back to the basic description of Bitcoin. Add to it at least a little history of the technology and its original vision. I even want you to at least browse the portion of Bitcoin's whitepaper, the one that can easily be understood by any layman. Bitcoin is our best option in terms of payment. Why? That's your assignment. 

[sadwage]

bitcoin is not a form of gambling it isis depend of how you use bitcoin if you are trader I think it is gambling but in other way of income in bitcoin like bounties and mining is not a gambling..

[tats14]

In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings.  I think everyone will agree that's a form of gambling.

In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.

Is this aspect a form of gambling?

And if so, is that illegal in the U.S.?

well for my own idea, yes, bitcoin is a gambling, because you can risk your own idea and own life too, but you learn a lot of knowledge and information about of investing bitcoins.

[dario.93]

bitcoin is not a form of gambling it isis depend of how you use bitcoin if you are trader I think it is gambling but in other way of income in bitcoin like bounties and mining is not a gambling..

its look like  form of gambling also because of big volatility and risk to loss money have a lot of emotion like in casino and many people come here only to play with bitcoin they will loss their money for sure after that.

[abanansah]

Bitcoins and blockchain in general cannot be termed as gambling. Gambling is a game where one wins at expense of other, but bitcoins and cryptocurrencies is just like any traditional goods sold in market where you buy low and can sell high to make profit.

[Eijrafarm]

Yes, indeed bitcoin can be categorize as one form of gambling. The instance whether to gain or loss money is like winning or lossing. The fact that you gamble having two opinion which is positive and negative then it is a form of gambling.

[subbotina]

No doubt it is risky way of making money and you can compare it to gambling. It is gambling because, you do not have any control on the prices.

[wilburwilbur]

first, Bitcoin is more like investment than gambling
second, yes bitcoin is banned in America (because government can not tax it?) lol haha idk
in gambling you can lose everything and in investment you did not lose your bitcoin but the price is just lowered
so im conclusion bitcoin is an investment but can be a gambling (depends on your perception)

[plaintiff77]

Well maybe because bitcoin is risky and just like gambling you never know if you will win or lose.Bitcoin value is volatile so it always rise or fall from time to time but the difference from bitcoin in gambling is that in bitcoin you can assure big profit if you will just wait patiently unlike gambling that winning is unpredictable.In bitcoin if you are patient then you can earn big.

[Dudeperfect]

I don't think that Bitcoin is gambling in any way but I would say that if someone is putting his money without doing proper research then he is none other than a gambler. Even though there is uncertainty in the crypto market, one can predict the possibilities of the trends with proven scientific analysis methods. Sadly there is a lack of awareness and maturity in among the people which are making things more complicated and negative.

[boddy.dy]

If you think that bitcoin is a form of gambling I guess you need to go back to basics of bitcoin. Study again what really bitcoin is and what its mean to the society. It is because bitcoin is far away from gambling. Bitcoin is a crypto currency which has somehow a basis of its fluctuating price or value. Some people who don’t really understand the core of bitcoin says that this gambling because its price or value goes high and low. But there are no basis of gambling if it is just price or value which are involve. I guess this would call a gambling if it is incorporated with something that regulates each and every time price or value by sort of game by the use of such as cards, dice or horse.

[aditya6997]

Price Volatility makes it gambling! So yes, it is indeed a form of gambling!

[rafit09]

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 bitcoin? depending on how to get bitcoin If one of the ways to get profit from bitcoin is trading, which is to buy some coins from bitcoin with the assumption of profit from a big price increase.Dan trading is a decision-making activities involving many aspects ranging from research and market analysis , financial management and risk management even psychological management to recognize market psychology as well as the ability to control oneself.

And I think it all depends on how to get it, if you get bitcoin in every way follow the bounty contest, such as making twiter, artkel to promote the bounty, then succeed and the person paid for working on the project, I think it is lawful and not said with gambling.

[leavefifa]

Investing in the stock market is also gambling? I do not think so. Bitcoin is created for a specific purpose, you work and collect Bitcoin. If you want to, you can sell Bitcoin to people who want to use it certainly is not the form of gambling but you are working to get paid. Or invest in ICO projects. If successful, this project will benefit many people. If you contribute to it, you must be rewarded. No, Bitcoin is never gambling.

[ghost07]

yes for me when you invest in bitcoin can be called a gambling because the price is not stable and there will be a chance of winning or lossing. that will be the risk in investing bitcoin because in bitcoin you gambled your money to earn more.

[evermak]

It is similar to gambling only but if you do proper analysis and research before investing, you can eliminate the risks. Majority does not do this and they are gambling only.

[hajimasan]

In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings.  I think everyone will agree that's a form of gambling.

In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.

Is this aspect a form of gambling?

And if so, is that illegal in the U.S.?

I don't think that bitcoin is any a way of gambling Because bitcoin is not made for the any type of the high low bet game , here all things depends upon demand and value in the online  market .
Now , in these days fluctuations is much so we can buy at low.and  small increase in price will result into profit and sell now .
So here we also need to give time and also proper time .
But in gambling we don't need any type of proper Timing , we just need to put our money and Everything will depend upon luck to win the bet .
So here both type of Field are totally independent and we don't go through such types of negativity about cryptourrency .

[selivers]

No it is not gambling, you take calculated risk in case of bitcoins. In fact, if you are investing for long duration say one year, there is guarantee that you will make profit.

[Micerker]

It is interesting to say that Bitcoin is like gambling, but I agree with your point. Look at the fact Bitcoin prices are manipulated by whales, and we are gamblers, if luck is going to make a lot of profit, and if the whales  want us to lose we will never win.