Is bitcoin a form of gambling?

[dammang]

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 think no,bitcoin is not  a form of gambling,in gambling you need a lot of money so that you can bet as much as you want to win,but in bitcoin you only need to access or invest a little,then boom,a easy money is there,bitcoin give us money in a easy way,not like gamble

[Edraket31]

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

Yes you have a point, but for me it is really like a form of gambling wherein you can invest money based on your capacity or on how much you would like to take a risk, so it sort of gambling because you don't know and have no assurance at all in what you are doing.

[dificanovi]

bitcoin is not gambling but there are people who do to get bitcoin by way of gambling. actually bitcoin is not gambling because we can get bitcoin by working on bounty and trading projects, besides we can also get profit by way of investing in bitcoin. I often join the bounty campaign rather than gamble because with gambling we can also get a lot of losses.

[Jacsnuffles]

When you're trading, Yes it is. You put your money into something risky, without any assurance, and hoping for a big return.

And when investing for a long term period, that's long term gambling.

Remember, if money is involve on something you're unsure, that's gambling.

You're risking money like you're betting.

But we, crypto traders, don't like the sound of it so we just keep calling it an investment. And that's what I prefer, of course. But the truth is, we're risking money on something where return is indefinite. I'm not fud-ing here. I am just stating it from a different perception. I still believe in bitcoin. Hodl gang member here. I'll lose so much if I make myself weak in this time of low price. Good luck everyone.

[@Mhaiang]

No, it's a binary form of payment. That's exactly what others' notion about bitcoin that it is a form of gambling. Consider casino and other betting establishments, they are the ones who are making the concept of gambling and bitcoin is just the reward or bet and not really the name of the gambling.

[Herjuna]

I think it is not entirely true, because there are things that we are required to work hard looking for a bitcoin later from the results that we enjoy as income, but if the results that we play again then it becomes gambling.

[kingkonjac]

in traditional gambling you bet on a thing and if this happens you win if not you are left with nothing but in trading you own something and you can analyze it with the proper tools so it is not a gambling.

[dommerty]

I do not think that this can be defined as gambling. But there are undoubtedly similarities. Whoever said anything, but you can not predict the result exactly. So in one way or another this is excitement.

[Angletim]

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 of bitcoin as a form of gambling. Before I invest in bitcoin, I will estimate the future price changes of bitcoins and decide whether to invest them. And gambling depends on luck, and it is riskier.

[Heronzkey]

for me it's not a type of gambling, but it's a job or job that you know you can not lose, not as a gamble it sometimes hurts you, although there is a bit of bitcoin involved in gambling like casinos , do not just go there because it's a gamble.

[Harrisonimo]

I am of the opinion that when one enters into the Bitcoin investment without due analysis and studying of the market trends, it can be likened to gambling. Aside this, bitcoin isnt gambling in itself but it can be related exactly with the normal stock exchange we have with fiats and other companies.

[DPrillio]

I am of the opinion that when one enters into the Bitcoin investment without due analysis and studying of the market trends, it can be likened to gambling. Aside this, bitcoin isnt gambling in itself but it can be related exactly with the normal stock exchange we have with fiats and other companies.

Yes, bitcoin is not a gambling because it is a form of crypto currency, it only relates gambling in such a way that gamblers use bitcoin for betting in Online gambling. And i think the most obvious reason of why it relates gambling is becauase bitcoin investment is having risk like gambling.

[Jessica2009]

      Gambling means a bet  and in the bet if we win we get some amount of money or else we fail and loose all the money we possess but in Bitcoin I didn't find such a game just as gambling . In Bitcoin we have to spend some money for electricity. Bitcoin is a digital currency by servicing people from all over the countries. Bitcoin is a peer to peer transactions no need of any intermediaries are required in Bitcoin transfer.

[Coins and Hardwork]

for me it's not a type of gambling, but it's a job or job that you know you can not lose, not as a gamble it sometimes hurts you, although there is a bit of bitcoin involved in gambling like casinos , do not just go there because it's a gamble.

How is Bitcoin a job? It is a decentralized digital currency, it is never been a job. I think they are just comparing Bitcoin into gambling since it is risky and investing on it is like gambling.

[Lmaooo]

To be frank, the bitcoin is not gambling because people work hard to earn bitcoins. The bitcoin miners get rewarded for their work, it is not a gift or incentive rather their payment for bitcoin mining.

[Indai24]

To be frank, the bitcoin is not gambling because people work hard to earn bitcoins. The bitcoin miners get rewarded for their work, it is not a gift or incentive rather their payment for bitcoin mining.

Definitely. Bitcoin is not a gambling rather say it's a risk. Why? Because people put their full trust with bitcoin, their hard earned money of course without even knowing how far it can go. But I salute to those who are brave enough to take the risk and because of that they are being rewarded in return. Lots of people are also getting advantage with bitcoin, they earned as they work and for me it's not a gambling

[Mumbeeptind1963]

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

Bitcoin is different from gambling. Not because you're putting money in it also means that you're playing games remember that it's investing. And remember that gambling is a technique where you will put risks and gain or loose your money easily while bitcoin involves waiting and patience. They may be similar in concept but for me the best comparison of bitcoin is business.

[nurilham]

Yes, you can lose and you can win, predict how the market will behave impossible, you rely on luck as in other gambling games.

up to you, want to assume that. it is important that I know the rules that are taught to me. my conclusion is still working with what I believe. the other I do not think about it. go forward bitcoin, I am happy with bitcoin, very profitable bitcoin.

[fara_buduk]

very different once lol ....
when investing or trading bitcoin, we trade goods that want to profit from the sale price with prediction and analysis and what if we are wrong, then we will get capital loss. in contrast to gambling or FOREX trading they transact, if wrong predictions and analysis, their money can run out without a break
hopefully. all of us, do not make bad analysis or oblique issues about bitcoin. not us here because we know that bitcoin is very profitable for the future. enough they are people who do not know the bitcoin and the state that forbids bitcoin make analysis and bad problems with bitcoin. because I'm sure bitcoin is a progress in the future, the more they fight bitcoin then they will be distracted and hold back progress
so anyone who equate bitcoin with gambling or gaming and others i'm sure bitcoin is not like that

[izzabel]

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 I think it not form of gambling because many people are already using it and many countries are using bitcoin right now