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Author Topic: Is bitcoin a form of gambling?  (Read 3044 times)
supandi wiharja
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March 29, 2018, 08:13:27 AM
 #101

I don't think that bitcoin is a form of gambling, bitcoin is a wonderful opportunity for someone earning income and getting rich.
Until now many people have felt that their finances are getting better after they adopt and engage in bitcoin.
if you think that bitcoin is a form of gambling, then I suggest you to report the existence of bitcoin to the authorities for immediate action.

Astvile
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March 29, 2018, 08:14:49 AM
 #102

In terms of somewhat risking your money yeah it is a form of gambling,infact all of investments you do in online or on real world as long as it takes risk is all gamble,starting a business its a gamble if youre not sure on what can be the outcome of it.

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Zabrielle
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March 29, 2018, 08:16:52 AM
 #103

It is somewhat like that. Because you know what when you invest you are not quiet sure that things will work out. Anyhow business is like that. You have to gamble inorder to gain and and sometimes lose.
Luce09
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March 29, 2018, 08:17:19 AM
 #104

Yes, you can lose and you can win, predict how the market will behave impossible, you rely on luck as in other gambling games.
DoublerHunter
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March 29, 2018, 08:35:41 AM
 #105

It is a form of gambling if you don't know what you are doing then that is when you will be involved in gambling because bitcoin is such a very risky type of investment and it needs a good amount of knowledge so you will be aware of the possible scenarios that might happen because of the risk but if you have knowledge already then it is not a gambling but a pure good investment.
tuikindu
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March 29, 2018, 08:42:28 AM
 #106

I think bitcoin is an investment, and it is not entirely true that it is a gamble.

Because you can buy it at a low price. Sell at a high price so you can only make a profit. If the price of bitcoin never goes up, you can wait a year or two, and the market is always volatile.

And gambling is win-lose, you can make money, you can lose money.
asdnguyenthanhtin
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March 29, 2018, 08:46:58 AM
 #107

It is true that at the time of this posting, it really was a big gamble. Currently I think it is turning into speculation
baby25
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March 29, 2018, 08:50:37 AM
 #108

in my opinion bitcoin is not a form of gambling but when you use it for bad then it cause gambling
Adamant06
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March 29, 2018, 08:56:43 AM
 #109

It is true that at the time of this posting, it really was a big gamble. Currently I think it is turning into speculation
Bitcoin itself is not a gamble, in my ipinion if you invest on it, that will become a gamble. And also, I think you can call it gambling depends on how it use for. However, trading bitcoin is definitely gambling, but no more so than trading stocks or any other type of speculation.
giogio0504
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March 29, 2018, 09:05:46 AM
 #110

It is not form of gambling it might be used as the way of payment in casino, but bitcoin itself is not the gambling at all.
IamAltcoinfan
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March 29, 2018, 09:22:04 AM
 #111

Interesting yes it looks like even i thought about bitcoin is similar to torrent . Even i was explaining about peer to peer network people were comparing with torrent . Now one more concept added for me to explain people in normal terms . Bitcoin including lots of concept apart from this but this kind of explanation will make easy to understand people.

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godwyn50
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March 29, 2018, 09:23:37 AM
 #112

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.The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.
malbterxic
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March 29, 2018, 12:13:35 PM
 #113

I understand the question is connected with the extraction of bitcoins? I think that this has nothing to do with gambling.
Here is the trade on the exchange it's a gamble.
But if I judge from the point of view of the laws, then I think, that bitcoin to gambling can not be attributed.

spacelab
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March 29, 2018, 02:41:38 PM
 #114

It depends on how do you consider the meaning of that and how do you use it  Cheesy
simonova
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March 29, 2018, 02:51:08 PM
 #115

It is risky but you cannot compare it with gambling. Especially, the people who are investing in bitcoins now. Those who invested at earlier stage kind of gambled only as there was no history regarding bitcoins. They took maximum risk and were rewarded accordingly.
david tex
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March 29, 2018, 02:56:37 PM
 #116

Bitcoin is not a game of gambling, it has applications and people with good knowledge understand it works and know its value
Phyton76
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March 29, 2018, 02:57:23 PM
 #117

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.?
For me,bitcoin is not a form of gambling because bitcoin is a investment.It depends to the user if he/she will make bitcoin as a gambling or investment.It depends on the perspective of the user.So that bitcoin will not be a form of gambling.
rudito
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March 29, 2018, 03:06:56 PM
 #118

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.?

Bitcoin is a crypto currency and not gambling, it depends on the person who uses it, and fiat money can also be used for gambling.
bololord
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March 29, 2018, 03:09:53 PM
 #119

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 it's not it's all about taking the risk of buying and selling here , buy when the price is low then sell when it's high. take the risk then you will be rewarded . the money that you've invested will not  be wasted .
evitasi
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March 29, 2018, 03:15:23 PM
 #120

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.?
bitcoin is not a gambling, it's real like an investment, we can make certain about the value
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