Is bitcoin a form of gambling?

[pecson134]

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 can't say that bitcoins is 100% free of gambling essence but only with a bit. Just like in tradings and investment, you can't earn something on these kind of business unless you gamble some of your money though in a form bitcoins. Though one can say that it can be research how the flow of these things, it may still deviate on what you are really expecting to happen so it may also lead to loss. Winning and losing situation are already active in this kind of industry.

[ctrlaltdeluge]

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.

[jepoyr1]

yeah but no a literal gambling, of course you gamble your time you risk your attention you priority you cant get anything without risking some decision although  some government they said they never let touch it also some country btc is illegal.

[santosummer]

I think this matter depends on the perspective of the investor. If they think bitcoin is a job and the type of investment is really potential. They need to explore the crypto market and bitcoin. Be aware of the tactics to create effective business. and vice versa, it will be a game of gambling, risk and loss is predicted.

[tonmoycrypto]

For what reason you think it is gambling i dont know it  but i told you it depends on individual investor perspective . i chose btc as a asset like another way to make my money double. crypto market ups and down always but btc price always unpredictable.

[Missterio]

In bitcoin there is no slot. If you came here only for the sake of profit, then the technology of blockchain itself has a completely different meaning and benefit for people.

[bitcad4u]

Bitcoin invesment is an ATM.You can inverse in bitcoin and when the price of bitcoin had increase to certain value higher than invested money.You will get more from it.You can withdraw any amount of dollars from the bitcoin as you get from the ATM.That what I had said,bitcoin is an ATM.

[SamuelSL]

I don't think so, btc is different with gambling. Btc is as same as a business, you buy btc and you can sell that. if gambling is not buy anything, but you just guess something as number or others.

[Adioliver]

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.?

If we speak about mining I don't think that it's a kind of gambling because there are mathematical calculations involved which determines how much BTC you can generate through mining.And if we speak about holding then we can call it gambling because one never knows when the value of bitcoin rises or falls.Its totally unpredictable.Lucky are those who invested in bitcoins at its initial stages.They are the ultimate winners of this gambling game of holding.

[djsugar]

A gamble is something where you do not know what the outcome would be. You are playing literally on your luck, with no calculations involved whatsoever. Mining, on the other hand, makes you go through a series of problems which you have to solve, and once you solve them correctly, you are able to mine a coin. So, they are two different terms.
On the other hand, if you talk about speculation and trading, then even that doesn't come under gambling. You study the market, follow the news surrounding it and then you make your decision of investing in the right coin. Once you make an educated guess, chances are high that you would get good returns out of it.
So I would say that No, bitcoin is not a form of gambling.

[Amelial]

BTC is not gambling, bcos we buy coin from btc, and can sell when the price is uprise, so we can get profit, this is as same as business. But we just guess something when we gambling  

[Tiernadi]

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.?

It's directly depends on what is your attitude toward trading process. Trading without any analysis is a pure gambling, however if you'll use your brains and own trading strategy, you'll see that trading have nothing to do with gambling  

[godrey123]

according to wikipedia Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambling thus requires three elements be present: consideration, chance and prize. with that I thibk we can condider trading as a form of gambling

[Jimbo Abu]

If you use your bitcoin for gambling, yes, this is called a gambling. This is what holders want to do in their coin. But in other point, bitcoin is not a gambling. We get a bitcoin through work, and not for winning.

[fuer44]

yes, this is similar to gambling and I think all trading is gambling. we buy bitcoin and then we enter in the betting market, whether the price will decrease or increase. if the price rises, then we will win and if the price falls then we will lose.

[Klintiv]

any investment is a form of gambling. this is not a casino. is the game on the exchange.

[Morgann]

for me yes it is because in this investment thing you can earn profit and you can lose too. bitcoin price is flactuating fast thats why it can be a gambling for me.

[CryptoMoar]

I do not think it's a form of gambling. because I bought some bitcoin and altcoin for investment and trade. and all activities that I work without any harmed and according to the rules. so depending on the user bitcoin itself, would be used for anything and in a good way or not.

[gwapoinside2]

I think for me bitcoin is not a gambling because, i buy bitcoin and trade to other'smy market so my money will grow.a,

[marjil]

Some people say it is like gambling but only because you can lose money. But equally you can make money, as we have seen in the last few years where the price of bitcoin has soared. Like with most things you take a gamble in the hope of winning not losing but you are never sure of what will happen.