Is bitcoin a form of gambling?

[soul-impact]

I think bitcoin is not gambling. Bitcoin is a digital currency. The value of bitcoin depends on the number of people who buy and sell bitcoins. If bitcoin is gambling, I think there will be a lot of people going bankrupt.

[zwiggel]

incorrect. Bitcoin is not a form of gambling. Bitcoin is a digital currency. bitcoin operates independently it pays directly between two parties. I just heard there was a bitcoin billionaire and nobody broke down when investing in bitcoin. So if you invest strategically in bitcoin then you will succeed. So bitcoin is not gambling.

[anzhanbei1214068]

BTC is not a gamble. When people are mining bitcoin, they spend a lot of money to buy machines and pay high electricity bills, so they have access to bitcoin. This is an investment.

Of course investment is risky, but it is not a gamble.

[Bugatti73]

I thinks that its not true becouse many people invest in it a lot of money and in my opiniont , they know what they are doing!

[syamster]

I thinks that its not true becouse many people invest in it a lot of money and in my opiniont , they know what they are doing!

Yes everybody knows what they are doing and how they are going with it, people invest in bitcoin they save their money and they get fasting about bitcoin, it is not good to be over confident about your investment and it will not very bad too, at the very first try to choose bitcoin for your money making and it should be choose for investment after that when you will be experienced then you can get to the gambling, or any other way to use bitcoin.

[tylerderden]

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 saying that you go to work daily and there you work your ass out and hope your boss likes your work and is he does like it then you get a bonus or a promotion, so it's also a form of gambling and you may be doing some illegal work, if I were you then I would stop working right now, I respect my freedom more than anything bro.
No bitcoin isn't gambling at all, it's completely legal all you have to do is stop being negative about it and look towards its positive aspects and I'm sure you will also like it.

[Portia12]

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.?

They think of it as a gambling because of the risk. But looking deeper unto this there are lot of opportunities in bitcoin than betting on a casino. It is more comparable into stock market wherein you need to buy stocks to have serious investment.

[jostorres]

Gambling in Bitcoin actually is all illegal because the goverments never let any companies or organization to do that. Bitcoin Gambling still alive because they haven't touch it yet.

Gambling is quite a different thing and that there is nothing as such which is common in between bitcoin and gambling. In gambling, it is all and all your luck which either makes you earn money or lose money and that there is no such technique or knowledge which can help you in doing that.

Bitcoin on the other hand is a crypto currency and that it is one of the best ways of making money but for that you need to learn about it.

[shezu007]

Indeed everyone realizes what they are doing and how they are running with it, individuals put resources into bitcoin they spare their cash and they get fasting about bitcoin, it does not regard be presumptuous about your venture and it won't terrible as well, at the principal attempt to pick bitcoin for your cash making and it ought to be decide for speculation after that when you will be experienced then you can get to the betting, or some other method to utilize bitcoin.

[Mlowo]

no, bitcoin is not the same as gambling, here we work and also try, what about samain by gambling, people wrong if bitcoin is considered gamble.

[Jas18]

no, bitcoin is not the same as gambling, here we work and also try, what about samain by gambling, people wrong if bitcoin is considered gamble.

Well i think all investment is a risk and i could say that it is also gambling. Because, in the first place you dont know what will happen to your investment, its either you can gain profit or you may lose it. Its just like that, as an investor you should be able to know what you are investing for and you should accept whatever happens, may it be positive or even negative.

[Cadalin320]

well, holding bitcoin,buying bitcoin you are already in a gamble, you may win to gain a high profit if the price will go up or you will lose if its price continue to go down. just like gambling in casino,bitcoin is risky.

[thya1]

Because it is illegal is clear yes

[weston4mills]

I don't see bitcoin as gambling because it is not. Investing in bitcoin can be predicted and you just need the right actions to gain profit.

[ice098]

no, bitcoin is not the same as gambling, here we work and also try, what about samain by gambling, people wrong if bitcoin is considered gamble.

Well i think all investment is a risk and i could say that it is also gambling. Because, in the first place you dont know what will happen to your investment, its either you can gain profit or you may lose it. Its just like that, as an investor you should be able to know what you are investing for and you should accept whatever happens, may it be positive or even negative.

For me, yes, bitcoin is gambling. We do all know that when we invest on something, we're gambling because we dont know what will happen on our investment, it may be success or it may be fail. All we can do is to learn first on the thing that we want to invest, because if we know about it, we have a higher chance to success on it. Patience is what we need because sucess takes time and effort.

[kimmy724]

In life there is always a risk and it is synonymous to gambling. It can make or break things and we should be prepared what would be the outcome . Move on if things don't go right so chill and get thrill with the ride.

[proTECH77]

In the context of gambling, I don't see bitcoin as such. But the act behind it can be seen as gambling, because you investing in bitcoin and not being able to predict the outcome, means you're taking a kind of risk that could be seen as gambling.

[NewCryptocasinos]

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.?

No, to invest in Bitcoin is not gambling, however its an investment, and you can never be 100% sure if you will get profitable or loose money.

[Rena5]

"Is bitcoin a form of gambling?"..I think depending on the individual bitcoin users point of view.Some say yes it is while others saying it is not.Their definition of gambling deals with many pictures of how it is done particularly in money involved.Bitcoin is a blockchain technology and decentralized which offers great income to all users.No investment no income in bitcoin which means winning or losing.Similar to gambling trying your luck by betting hoping to win or loss.

[CAPT.DEADPOOL]

bitcoin is not a gamble if you only know how to buy cheap and hold it and sales when bitcoin is so expensive for your profit in buying cheap and selling expensive people also update you bitcoin so you know how much you sell and you bitcoin if the price drops