Why do people compare betting and investing in bitcoin (in terms of risk)?

[Chris Barth]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

[mk4]

Of course it's really not 100% the same thing. Some people just compare bitcoin to betting simply because like you said, investing is bitcoin is risky compared to other investment vehicles available. Why? Well, you could say that when you're "investing" or speculating in bitcoin, you're betting that the price will go up in a certain time span. It's pretty much just a small overlap.

[Chris Barth]

Yes, it can fall to zero , Yes it is Gambling,
or
let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment and years later still not recovered,

There are no guarantees, yes bitcoin can drop to zero any investment can, not realizing this can do you serious financial harm.
http://theconversation.com/five-reasons-bitcoin-could-enter-a-more-extreme-death-spiral-108766

Lol. Maybe you don't get what I'm saying. Let me try to be more elaborate.

Like you said;

let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment

You lost over half.... Right? Cool.
Now here's the question; Do you lose over half or all when you're betting? You obviously lose all.

You said bitcoin can fall to zero? Well, you should understand that it can never happen within seconds, hours, day, weeks, or even months. Bitcoin would take a long time if it's price is going down. It cannot be sudden.
And once you see those red warnings, you could simply sell off and lose a little. Unlike betting in which you can lose even 10,000$ in a few minutes.

[noorman0]

Yes, it can fall to zero , Yes it is Gambling,

Really? 

let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment and years later still not recovered,

You will lose half the value of $ investment if you sell at 10k.
When you buy BTC, your assets are no longer $, but BTC. Your BTC remains intact, you don't lose anything.

There are no guarantees, yes bitcoin can drop to zero any investment can, not realizing this can do you serious financial harm.
http://theconversation.com/five-reasons-bitcoin-could-enter-a-more-extreme-death-spiral-108766

*You forgot to include other possibilities, let me
Or bitcoin is recovering and surviving like now even going above its highest price in 2017

[xvids]

Investment and gambling is both different thing unless you are investing blindly,
If you invest because of the hype or the huge speculation then it is just the same as betting,
You are only risking your funds without a proper knowledge on what would happen next,
No other plans and just put it up and wait for the price to go up.

[airdnasxela]

Betting and investing is different from each other and I never see Bitcoin as something we just bet. First of all, betting is for short term while investing is long term. They both have risk but we tend to describe it betting if we're gambling. Basically, Bitcoin isn't considered as a game we can just bet. Betting is like more on luck but investing is not. I'm betting we tend to think of a short term strategy while in investing we need long term planning.

[Farma]

what they talk about is the price. why they sometimes say that bitcoin is a big risk investment because the price can make you lose, even worse than betting.
imagine, when you hold back $ 10,000, and suddenly you see the price is only $ 1000, it makes you feel a big loss because you're not ready. It's different from betting, you won't be surprised by the results, because you're ready. although this is different but has the same thing. if you make a move without any information, you can say that you only bet on the bitcoin investment.

[$crypto$]

Obviously different investments and bets in my view, when you invest in a coin let's say bitcoin with as much as $ 1,500 well there you will invest for a long time or can when the price is rising so you will never lose your money if the investment not for sale so I think investments and bets are better investments that are futures compared to betting are just not important.

Betting is only to guess the numbers if you miss then your betting money will disappear in an instant and therefore people always compare bets and investments are clearly different in my view.

[Chris Barth]

what they talk about is the price. why they sometimes say that bitcoin is a big risk investment because the price can make you lose, even worse than betting.
imagine, when you hold back $ 10,000, and suddenly you see the price is only $ 1000, it makes you feel a big loss because you're not ready. It's different from betting, you won't be surprised by the results, because you're ready. although this is different but has the same thing. if you make a move without any information, you can say that you only bet on the bitcoin investment.

Like, the answer is obvious. Tell me, when your 10,000$ turns to 1,000$ and when your 10,000$ got lost in a 3 minutes betting, which is preferable? See, try to get my point. You can risk 10,000$ buying bitcoin but you can stake 10,000$ on a bet (considering you could lose it all in a few seconds or minutes).

[20kevin20]

Like, the answer is obvious. Tell me, when your 10,000$ turns to 1,000$ and when your 10,000$ got lost in a 3 minutes betting, which is preferable? See, try to get my point. You can risk 10,000$ buying bitcoin but you can stake 10,000$ on a bet (considering you could lose it all in a few seconds or minutes).

The thing is, by betting $10k if you lose, it's gone. Forever, unless you keep depositing and playing with the hope of winning.

Investing the same amount in BTC can turn your $10k into $1k but you'll still have the same amount of BTC in your wallet and the investment will still be worth something at any point.

If after you've lost $10k through betting you wait an year, the $10k will still be lost forever. The investment, however, could turn from a loss into a profit after the same timeframe passed.

[Chris Barth]

unless you keep depositing and playing with the hope of winning.

Which could result in the loss of hundreds of thousands of dollars...😅

Investing the same amount in BTC can turn your $10k into $1k but you'll still have the same amount of BTC in your wallet and the investment will still be worth something at any point.

If after you've lost $10k through betting you wait an year, the $10k will still be lost forever. The investment, however, could turn from a loss into a profit after the same timeframe passed.

Thanks a lot for understanding the idea behind what I'm saying. Betting is far more risky than buying bitcoin. Pretty far. Right now, I can't bet with up-to 10$ but I can invest 100 times of that in bitcoin.

[angrybirdy]

Like, the answer is obvious. Tell me, when your 10,000$ turns to 1,000$ and when your 10,000$ got lost in a 3 minutes betting, which is preferable? See, try to get my point. You can risk 10,000$ buying bitcoin but you can stake 10,000$ on a bet (considering you could lose it all in a few seconds or minutes).

The thing is, by betting $10k if you lose, it's gone. Forever, unless you keep depositing and playing with the hope of winning.

Investing the same amount in BTC can turn your $10k into $1k but you'll still have the same amount of BTC in your wallet and the investment will still be worth something at any point.

If after you've lost $10k through betting you wait an year, the $10k will still be lost forever. The investment, however, could turn from a loss into a profit after the same timeframe passed.

This explains it all.
Betting and investing have their own different risk, if you bet your money and lost, all you bet was gone forever. No return and no exchange, it is lost already.
If you invest, even if your investment will drop its price, the number of coins you invested is still the same, but you still have the chance to increase the value of the investment in the long run.

[gentlemand]

You're forgetting that many new arrivals/fresh meat decide they should go straight to Bitmex and straight to 1,000,000x leverage. And others decide they're going to make their Bitcoin fortune by putting all their money into PieceOfShitcoin and hoping it goes for it. Both of them certainly are betting and both have a strong possibility of leaving you with no money.

And where is the true word that applies? Most people are not betting and most people are not investing, they are speculating.

[dothebeats]

I see it like that since people are taking chances whenever they are putting their money on either bitcoin or any gambling game. It's literally just a matter of chance and luck after all, and no matter how deep your knowledge about trading is, your analysis won't always complement the outcome that's going to be shown on the prices and the markets. You don't control the outcome same as you can't on luck-based gambling games. There'd always be that one window that will be left open even if you're sure that you've closed them all and it could screw you over albeit limiting the risks involved.

[coolcoinz]

In a way investing is betting because you put a money bet on the price going up, but this is still different from normal gambling.
Gambling is always an all or nothing game and there are no possible ways of getting the money back without putting more money on the table. To give you an example, when you invest in BTC, you put 100 USD on the line and if the market goes down your 100 will become 90, or 80, but you will still have the coins that used to be worth 100. Those coins be woth 100 in a week or a month. You can withdraw and take a loss or keep the coins and stay in the game.
If you bet that 100 in a casino and you lose, you lose everything. There's no way to roll it back and you don't have any choices left. It's over.

[Zicadis]

Well, you also need to consider the fact that very few people bet their entire bankroll in a single bet, just like few people trade their entire balance at once.

They are both risky practices. Gambling is risky simply because you are always up against the house edge, while trading is risky because few traders have any idea what they're actually doing and the market can't always be predicted.

The type of risk is definitely different, since there is no house edge per se in trading, just the fees that are associated with the practice.

As such, somebody who is good at trading will likely not fair so well while gambling and vice-versa. They are just completely different.

[hatshepsut93]

From a mathematical point of view, gambling means risking while having negative expected value, while investing means risking while having positive expected value. With gambling it's easy - the expected value can be precisely calculated as per the games rules, but with investing its the opposite - it's hard to calculate even the estimates, especially for a purely speculative asset like Bitcoin. So, in investing your expected value is tied to your knowledge and experience as an investor - if its low, then it's likely to be negative, and then investing is indeed like gambling, but with enough knowledge you will be making money in the long run.

[Cryptoangel01]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

I think they are both games of chances and both need the right knowledge. Any kind of business can be risky or feels like gambling when the right knowledge and attitude is not applied towards learning the intricacies of that investment or business.

[avikz]

I believe there is only one difference between betting and investing - is the individual mindset! You look at the same thing from a different window and receive a different perspective on the same thing!

It also somehow depends on the risk appetite of an individual. If a person is willing to take more risk, he might not see it as a betting. But if the risk appetite is low, he might see it as a betting! It's just different sides of one coin!

[Zeke_23]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!

Because that is how they interpret about bitcoin. Common reason for that is because they just heard it to other people or through social media. Aside from it, sometimes even language barrier becomes the reason for this misunderstanding.
This misunderstanding turns out to be the reason to mislead the correct information.

[ethereumhunter]

If people can invest with wise, I don't think that they are doing gambling. We might gambling if we don't have knowledge about investing in bitcoin so we can buy and sell at any price without analyzing the bitcoin movements. But as long as we can analyze from the market and we can try to buy low and sell high, I guess that is not the same as gambling. But betting and investing are not the same, and that will depend on how people will treat both betting and investing.

[White Christmas]

If people can invest with wise, I don't think that they are doing gambling. We might gambling if we don't have knowledge about investing in bitcoin so we can buy and sell at any price without analyzing the bitcoin movements. But as long as we can analyze from the market and we can try to buy low and sell high, I guess that is not the same as gambling. But betting and investing are not the same, and that will depend on how people will treat both betting and investing.

Investing is like gambling your money bro, because there is no assurance that the money you have been invested will come back again to you. but if you have knowledge about investing on cryptocurrency then probably you will be having a chance to get back again what your money has invest but if you don't have any knowledge about invest in cryptocurrency and you are panic on selling your coins or tokens when their prices are dropping that probably you will just have or experienced losses investing and betting are just almost the same.

[Chris Barth]

Going through the above comments, I noticed several comments saying that investing becomes gambling when you don't have an idea. Let me explain this too. If anyone (with or without experience) buys bitcoin of $10k, he doesn't lose all the money. It's not about being smart. The worst thing that can happen to a newbie who buys $10k worth of bitcoin is that the worth could drop but then, he cannot lose all. So, whether you know how to invest or not, buying $10k worth of bitcoin, you cannot lose all of that. After all, the price doesn't increase based on who bought it.

[AniviaBtc]

Like, the answer is obvious. Tell me, when your 10,000$ turns to 1,000$ and when your 10,000$ got lost in a 3 minutes betting, which is preferable? See, try to get my point. You can risk 10,000$ buying bitcoin but you can stake 10,000$ on a bet (considering you could lose it all in a few seconds or minutes).

The thing is, by betting $10k if you lose, it's gone. Forever, unless you keep depositing and playing with the hope of winning.

Investing the same amount in BTC can turn your $10k into $1k but you'll still have the same amount of BTC in your wallet and the investment will still be worth something at any point.

If after you've lost $10k through betting you wait an year, the $10k will still be lost forever. The investment, however, could turn from a loss into a profit after the same timeframe passed.

This explains it all.
Betting and investing have their own different risk, if you bet your money and lost, all you bet was gone forever. No return and no exchange, it is lost already.
If you invest, even if your investment will drop its price, the number of coins you invested is still the same, but you still have the chance to increase the value of the investment in the long run.

But still they are both risky, the only good thing in investment is that your money will not be suddenly disappear or become lost. Investment is a step by step and you need patience here in order for you to earn a profit and become successful, while in gambling, here you need is a courage and self-control just to manage your money. Gambling can really boost your mood that results into greediness that most of the people are experiencing and it is a bad thing. Most of the gamblers are greedy that's why their money are easy to lose. That's why people choose to invest their money than gamble, investment just really need hardwork, patience, and monitoring your money so you will also prevent disappointments and losses.

[Kuffy]

It's the outside influences that create the gambling aspect. Let us consider dog racing. You may be a great statistician, and extremely knowledgeable about the form of the dogs, but all that can go out of the window with a simple act. If the dog handler squeezes the reproductive tackle of the dog as it is placed in the trap, then it starts cross legged, and it may recover quickly, but it probably won't be in time to win the race. Unfortunately Bitcoin is also susceptible to the squeezing of various parts, and, unless you are in the know, it is hard to predict this.

[20kevin20]

But still they are both risky, the only good thing in investment is that your money will not be suddenly disappear or become lost. Investment is a step by step and you need patience here in order for you to earn a profit and become successful, while in gambling, here you need is a courage and self-control just to manage your money. Gambling can really boost your mood that results into greediness that most of the people are experiencing and it is a bad thing. Most of the gamblers are greedy that's why their money are easy to lose. That's why people choose to invest their money than gamble, investment just really need hardwork, patience, and monitoring your money so you will also prevent disappointments and losses.

You have to be greedy to win in gambling. Trust me, I've tried both playing with $100 per bet and going for automated bets starting with $0.001. The results were that in the first try my $100 was lost in half a second, while my second try ended after hours of automated bets with the same result: a $100 loss.

If you want to earn something through gambling and you think you don't need to be greedy to win, then you're lying to yourself. At one point, you're going to have to risk a larger amount to leave the casino with a positive balance. Otherwise, you'll stop right there and come the next day with more money which is actually even worse.

And one more thing: I think +90% of the gamblers play with the money they need on the short term. I haven't heard yet of people gambling the money they've saved for retirement. Investing is like a safety plan for the future, for retirement, while gambling is mostly a "hey, if I win I'll buy myself a..." kind of plan.

Any way of earning some decent amounts of money requires risks. If you can't assume that and want a risk-free income, then just get a simple grocery store job and that's it. Risk-free.

[tabas]

You should have asked your sibling why he thinks bitcoin is a betting so that you will have an idea why his perspective is like that. The guy probably have heard it somewhere on the web that bitcoin is like that and he don't really understand the whole point of it.

[Kakmakr]

People say this because they are ignorant and uninformed. Bitcoin is only a gamble for people who cannot manage the risk in their portfolio. Any person can, with a little bit of research, make good buying decisions and then they can sell at a profit during the year.

There are lots of situations where an informed trader can make small profits during the year, but many people are too lazy to use Google and to study price patterns and to study the market behavior, so they simply label it as a high risk gamble.  

A lot of my friends are not experienced traders, but they have made very good profits, by just putting a little bit of effort into watching the market and then making informed decisions.  

[gabbie2010]

Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.

[alexsandria]

Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.

It is really sad to say that those people buys bitcoin when it is at ATH is really gain so much losses and it is kind og big losses because when the year of 2018 comes the bitcoin suddenly dump and that would be really one of the bad happenings that comes to them and also to the market. This probably says that investing and gambling or betting is just almost the same because on investing you don't know when the price will pump or dump so it is just like in gambling in which you are not sure if you will win or lose or the money will come back again to you.

[julius caesar]

If we are going to talk about it in terms of risk, it is almost the same since you are putting your money in risk. Investing is full of risk since you do not know what will happen to your money whether it goes up or down. This is not really the same but people is talking about it in terms of risk only. Do not take it as it is and full understand it first.

[Chris Barth]

You should have asked your sibling why he thinks bitcoin is a betting so that you will have an idea why his perspective is like that. The guy probably have heard it somewhere on the web that bitcoin is like that and he don't really understand the whole point of it.

Nah. He didn't hear that somewhere. He beloved in crypto but he just sees investing in crypto to be that way. However he believes it isn't much of an issue to me provided he believes in crypto and has earned from it.

[Chris Barth]

Your siblings must read stories about some investors who bought Bitcoin in 2017 at ATH thinking the price would reach 50K but are disappointed after the massive dump that follows the ATH thus a lot of them lose their investment therefore resorted to blackmailing Bitcoin and attributing it to betting and gambling of course which is not true.

It is really sad to say that those people buys bitcoin when it is at ATH is really gain so much losses and it is kind og big losses because when the year of 2018 comes the bitcoin suddenly dump and that would be really one of the bad happenings that comes to them and also to the market. This probably says that investing and gambling or betting is just almost the same because on investing you don't know when the price will pump or dump so it is just like in gambling in which you are not sure if you will win or lose or the money will come back again to you.

If you say that it's the investing in bitcoin and betting are almost the same thing then I'll say that bitcoin is a more secured and unique way of betting. Why? Well, whether the price will dump or pump, one thing is for sure i.e you cannot lose your bitcoin. The quantity you have remains the same; it can never reduce. Even though the price fluctuates, it cannot dump to zero. Summarily, Investing $100 (for example) in bitcoin is risky, yes, but not like betting with $100. I believe that was explanatory enough.

[Chris Barth]

This. Nice point, OP. You really cleared up the difference between the two words.
Gambling is simply just earn from the money you thrown or you'll lose even the money you throw.
In investing, you either earn from the one you invested or you lose a bit of what you had invested.  You can still recover from your losses in investing. In gambling, it is gonna be 2x harder to get back to your feet.

Exactly! And the funny thing about trying to get your money back from a lost betting is that you could just end up losing repetitively. I've been there before 😉

[Lizzylove1]

My elder brother who lives in Italy thinks investing in Cryptocurrency is a form of betting, so he had to sell off his bitcoin late December 2017, he made good profit, last year when bitcoin was pumping, he regretted not buying again, he wanted to give me money to help him buy and monitor the trade, since he has a bad notion of bitcoin, I rejected his offer because he wouldn't consider the event of bitcoin correction. In betting you can loss all your money when the odds are against you, but in bitcoin your money can't just be totally loss.

[Chris Barth]

My elder brother who lives in Italy thinks investing in Cryptocurrency is a form of betting, so he had to sell off his bitcoin late December 2017, he made good profit, last year when bitcoin was pumping, he regretted not buying again, he wanted to give me money to help him buy and monitor the trade, since he has a bad notion of bitcoin, I rejected his offer because he wouldn't consider the event of bitcoin correction. In betting you can loss all your money when the odds are against you, but in bitcoin your money can't just be totally loss.

Honestly, I don't really seem to understand why you rejected his offer. Even though he had a bad notion of bitcoin, people change. About 2 years ago, my friend was sending me bitcoin links and I still remember what I replied him. I told him that I'm not interested in all these online stuffs. 2 years later, here I am on the bitcointalk forum doing exactly what I said I won't do (cause I never understood it when the message came first). So people actually change.

[Astvile]

Well, we can't blame them if the really saw bitcoin investing as a type of gambling. I'm also one of those who also think that all forms of investments online even in real life are gambles. Why? because there is still a huge chance of losing your money no matter how hard you study about where you are investing in. And when we take that risk we already gambling our money not just by traditional means of gambling but the concept is the same, we are risking our money in hopes of profit.

[Ridwan Fauzi]

Simple put, if you invested in bitcoin any amount example 0.1 BTC there will be 0.1 BTC although its price is decrease or increase.

But when you bet 0.1BTC to one gambling place then when you got win you will get another 0.1BTC and othewise when you lose you will lose all your bitcoin.

This thing should be known by most people there who stamped invest bitcoin is like gambling.

[Assface16678]

Well, we can't blame them if the really saw bitcoin investing as a type of gambling. I'm also one of those who also think that all forms of investments online even in real life are gambles. Why? because there is still a huge chance of losing your money no matter how hard you study about where you are investing in. And when we take that risk we already gambling our money not just by traditional means of gambling but the concept is the same, we are risking our money in hopes of profit.

In cryptocurrency we have a different process of earnings and most of the time to the people want to invest in the world of crypto and wait for the market price increase they suitable for this and also there are a lot of people making focus on this process because sometimes we cannot skip the opportunity to make more earning. After all, the market price is volatile, and we cannot predict what will happen next for the coming hours of the coin. Some people to make betting or gambling because it is useful to the people who love to play with risk with the use of cryptocurrency they can use this as wage to their games and also winning a single match in gambling you can take a lot of profit that you cannot get for a single day in investment, still it is risky. After all, there is only a small chance of winning, and it is right for you if you have a lot of knowledge and skills in the world of gambling. Those process of earnings are still it depends on the user how they will manage it to make more good income.

[Ucy]

 Investing in Bitcoin is less risky than typical betting (or gambling?).
 Bitcoin isn't that risky, by the way(still recommended that you trade what you can afford to lose). It's probably more profitable than most bettings I know. Though there are certain types of Bitcoin trading/investing that are more like the typical betting/gambling... things like leverage and option trading.

[mindrust]

It is gambling if you truly believe btc can go to "zero".

Gambling means you can lose your money completely at the end of the event and it is purely based on luck.

You can temporarily lose %90 of your life savings in btc if you bought at the wrong time. It is not gambling, it is just being stupid and buying an over-priced asset or just being unlucky. Sadly though, this thing has to be bought by someone at its ATH if we want it to go higher than its last ATH.

[tsaroz]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

To be real no investment is safe. So, it's a little gamble every time. If you are familiar at stocks, you'd know people compare stocks market to gambling and to some extent it has some features of gambling. But surely it's not always a gamble there or here. Crypto prices are always been volatile. The world average for bank interest might be something around 10% per year while you can see that change in just a day in crypto.

[Quidat]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

For those people who do treat bitcoin as form as betting then they are the ones that doesnt know the true essence or usage of btc itself but rather a gamble thing or just thinking that they can make out money of it.

In order to earn, of course you do need capital and theres no such thing on earning without risking something to invest on.It will always vary or depend on a certain individuals knowledge into particular things.

As a follower or enthusiast of crypto, its somewhat part of you to explain it further to those people who havent known yet on whats it all about in general.

[Chris Barth]

Bets and investments differ from one another and I have never seen Bitcoin as something we just bet. On the one hand investing is betting because you place a money bet on rising prices, but this is still different from normal gambling. Gambling means taking risks while having negative expectation values, while investing means taking risks while having positive expectation values.

Lol, this is a pretty complicated comment.

Gambling means taking risks while having negative expectation values, while investing means taking risks while having positive expectation values

Don't take my response personal but I think you got this all wrong by saying that.

According to Wikipedia, Gambling (also known as betting) 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 to be present: consideration (an amount wagered), risk (chance), and a prize.

To me, betting is a form of gambling. Don't make them look like two different things.

Also, bitcoin can be considered to fall into the definition above. Yes, you can call it gambling if you want, but my point in creating this thread is that the risk involved in investing in bitcoin isn't as high as that involved in betting whose result are gotten in minutes (short term betting. E.g football betting).

[fiulpro]

People do that a lot trust me , I completely understand their side of the perspective , understand but not agree.
The thing is there are people who are actively involved in the society since the ancient time , let take example of Warren Buffett , he does think the same am sure of it .
People think if something goes up and make people millionaire instantly where they worked hard to reach at that point , it is nothing less of a lottery , it goes up and down instantly but people should realize that it is the 10% the remaining 90% they do not want to see , it is stable like every other currency.

[DabsPoorVersion]

Those kind of people is just lack of knowledge,

Most of the time, they just heard the information from other people that is why it leads to misleading information. People like that tends to learn from others without even knowing by themselves of what is really the function of bitcoin.

[maxreish]

People have different point of view about investing in bitcoin. Since they are taking the risk of being a deficit, they compare it to gambling. No other than that reason. While we can still hold for a long term if market went down when we invest in bitcoin and that is indeed the good side of it.
 
 Betting and investing is two different thing. Others just don't understand the essense of two. Slight similarities in terms of different points but it is still far different from each other.

[imstillthebest]

because both have risks .  investing is risky . they often compare because when they hear the word investing loosing is also suddenly came to thier mind  .

those people heard horrible stories bout failed investments but they are not really familiar with btc and crypto investments   . a typical btc investment is much better than betting like what the reason stated on the first page   .  the only advantage of betting is that you will not be bored of waiting but investing usually have waiting times if the market is not that hot  or hyped   .

[Sadlife]

Indeed they're both risky but their different in so many ways. Betting is basically based on luck without any technical analysis or logic without any pattern or algorithm not unlike Bitcoin investing that has fundamentals and good amount of support, adoption and community that's been proven and tested as a legitimate asset.

[rambogoham1]

I think it comes down to volatility. People assume it's a bet with bitcoin because it drops 10-20% in a single day every couple weeks/months where as in all other markets that exist, you never get a drawback greater than 10% and that usually only occurs once a year or two. Bitcoin can log 40-50% pullbacks and still be in a macro bull run. Where as in other markets a 20% pullback is a recession/depression ensuing.

[rodskee]

Because some People here think that Investing in crypto is also a form of gambling that is why they use the term "Betting" in which totally i disagree just like what you have said Betting is too far from investing specially in terms of cryptocurrency that always has a value even how deep the dumping happens,there will be a small amount remain as value most specially in Bitcoin that has a highest price of all time and never bring losses to the supporters/investors that holds this for long term.

and also Investing in Bitcoin means semi assurance because the long you wait is the possibilities of higher profit you may have so the chance is much higher than just to Bet.

[maydna]

Betting is a risk some money to make a profit while investing is using some money to make a profit. In betting, we can have two options which are won or lose while we know that the chance to lose will be bigger than the win. In investment in bitcoin, although the bitcoin price is down, the price will increase again, and the value of bitcoin can up and down depend on the market situations. If people can be wise in investing in bitcoin, they will know when they can buy bitcoin, and when they can sell bitcoin, and they also know how much money they need to risk in bitcoin. They will accept the risk that the bitcoin prices can go up and down anytime, and they can stay calm when the price is down.

Perhaps, people who don't learn how to invest in bitcoin will think that it is the same as betting because they use their money to buy bitcoin at any price. But if they can hold bitcoin for the long term, and they only sell bitcoin if the price can increase higher, that will not be the same as betting because they don't lose their money, but it still in the bitcoin form.

[tabas]

You should have asked your sibling why he thinks bitcoin is a betting so that you will have an idea why his perspective is like that. The guy probably have heard it somewhere on the web that bitcoin is like that and he don't really understand the whole point of it.

Nah. He didn't hear that somewhere. He beloved in crypto but he just sees investing in crypto to be that way. However he believes it isn't much of an issue to me provided he believes in crypto and has earned from it.

Ok.
So he's one of us and just see that investing is like betting. I guess there are a lot of people just like the way he thinks and we just can't remove that kind of mindset from them.

[Krillin61]

If we are going to talk about it in terms of risk, it is almost the same since you are putting your money in risk. Investing is full of risk since you do not know what will happen to your money whether it goes up or down. This is not really the same but people is talking about it in terms of risk only. Do not take it as it is and full understand it first.

This answers your question. They all think that there are a lot of differences but I think there are common things that can affect the outcome like luck, and for the difference betting will rather give a quick income if you bet, but in investing there is a long term goal where you will want to hold until you double your initial investment. Think not of them as comparison rather they are more like analogy.

[Yatsan]

Because some People here think that Investing in crypto is also a form of gambling that is why they use the term "Betting" in which totally i disagree just like what you have said Betting is too far from investing specially in terms of cryptocurrency that always has a value even how deep the dumping happens,there will be a small amount remain as value most specially in Bitcoin that has a highest price of all time and never bring losses to the supporters/investors that holds this for long term.

Everything that involves money, making profit and losing money is a gamble to the eye of a gambler. I don't expect this idea to struck and never in my mind that I compare bitcoin investing with gambling, yes bitcoin has been involve with gambling like in betting but bitcoin as a form of a gamble does make sense. I gamble online whenever I'm free, and I'mma it is a form of betting at first when you're a beginner since you are expecting for the price to increase as well as your investment, does really make sense right? But if otherwise, bitcoin's price is just a normal thing to play.

and also Investing in Bitcoin means semi assurance because the long you wait is the possibilities of higher profit you may have so the chance is much higher than just to Bet.

Actually there is no assurance at all when we are talking about bitcoin, not because the price is high as of now but bitcoin is decentralized.

[Shasha80]

I strongly agree that betting and investing are two different things. Usually those who have such an assumption are newbies. Because if
we continue to invest in bitcoin, as we experience losses then we can decide on the hold bitcoin that we have.So when the price goes up,
our losses turn into profits. Different from betting if we experience losses, then what happens we will lose some or all of the capital we have.
So betting is more risky in my opinion. Maybe a newbie doesn't understand things like this, because of lack of knowledge about the world of
investment.

[Pffrt]

Because they have been introduced with bitcoin in a wrong way. This is happening all around the world and very few people know the inner bitcoin which has a lot of utility than fiat. Most people knows BTC as a money making/losing machine.

[dioanna]

when talking about risks I do agree about some similarities between gambling and investing but not 100 percent the same.
The probability of winning or losing in the short term basis is the same but in the long term basis betting has none while investing still have probabilities.

[Anonylz]

I think mostly because it is an online investment, maybe if it was probably an offline investment on something more physical, they will have a different view towards it,
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.

[jhonjhon]

Bitcoin isn’t a gamble where anyone can just bet on it and win for me it is an investment wherein you put money it or invest on it which can give you profits depending on the markets performance. Betting is like spending money on something that can be based on luck or intuition whereas investing is you have things to consider and factors to look at to become successful.

[Latviand]

Simply because investing has risks, the same as betting in a gamble. Having both no assurance of the profit makes them similar. On investment, there could be a pattern that an investor would see which made him engage into investment, probably profit. In gambling, despite of the loss, a gambler would still play because of the same pattern, the possibility to regain the loss and earn profit.

I think mostly because it is an online investment, maybe if it was probably an offline investment on something more physical, they will have a different view towards it,
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.

Depends on the kind of investment. If it is Gold or other stocks in the market, wherein the price are not that active but consistent, profit will be earned but it would take time. In gambling and other online investment, most people who engage to these things are aiming for profit go be earned in short term.

Because they have been introduced with bitcoin in a wrong way. This is happening all around the world and very few people know the inner bitcoin which has a lot of utility than fiat. Most people knows BTC as a money making/losing machine.

This is right. The first thing that would come to their mind is profit from investing. If I am not wrong, Bitcoin is made in order to be used as a digital currency, due to its advantages in particular with blockchain technology. But given that there are people who made huge profit due to its active market value, we really cannot blame them for being interested to also, earn profit from investing to Bitcoin. But it has risk, it is a matter of picking your own poison.

[100bitcoin]

@OP Did you know you can invest in Bankroll of betting websites as well?

[bitbunnny]

When you invest in Bitcoin you are always exposed to certain risks and you need a bit of luck too that everything with your investment goes as it planned.
However, I wouldn't compare investing in Bitcoin with beting and gambling, this is not the same thing.
Gambling depends on pure luck and investing takes certain knowledge, experience and skills, you can't invest in Bitcoin by pure guessing.

[Utoy101]

The truth is, lot of people see bitcoin as a virtual currency just for taking profit and not the other side of it that aim to provide the world with a decentralized financial system. Every investments option is associated with risk and cryptocurrency is not exempted. Lots of people will tell you that the downtrend of cryptocurrency market since the last quarter of 2017 has made investments in cryptocurrency same as other gambling options when it comes to risk.

Of course,  investment in these two options are far different from eachother in every aspect as betting is a direct gambling while cryptocurrency can be term an investment option with the tendency to appreciate due to development of more utility. The only similar thing between the two is prediction
 

[Destroyeroff98]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

I partially agree with you. But in fact, you buy Bitcoin and bet that the price will rise.
If you trade on Forex, then you can also bet on lowering the price.

[Swordsoffreedom]

Most people who compare "Investing in Bitcoin" to “gambling/betting" are totally ignorant about Bitcoin/trading.
Betting is totally depended on luck-you can't deny that. On the other hand, Investing in Bitcoin doesn't work like that. You get more profit the more you invest in Bitcoin and if you are able to gain knowledge about trading then you can predict when prices may rise or fall. There is no risk investing in Bitcoin you just have to be patient.

[alani123]

By investing principles, you should only invest part of your income after spending. With high risk assets, only a portion of that should go with them. Serious funds that I best in high risk investments maybe go in at 2% of their funds.

So if you are a working class person, spending 10% of your income in investment and let's even say 5% of that in BTC, then you put in so little that with the risk it carries is utterly pointless. Better put cash in a lottery ticket or a horse race every once in a while.

[Kelvinid]

They all both having of high risk but betting is more likely to have it more and more chance to empty our pocket than of Bitcoin investment. I'd likely not to engage in betting because I know it wasn't safe at all. They all both possible to have losing ends but in betting is most like it comes near and possibly it gives you big losses instantly unlike bitcoin investment where we can still recover if we can manage to hold our funds.

I like how OP clarifies it to your siblings and hopefully, they could get it and soon to become an investor rather than being in betting.

[pixie85]

I think mostly because it is an online investment, maybe if it was probably an offline investment on something more physical, they will have a different view towards it,
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.

Some people also have this attitude towards stocks and the forex market that it's not an investment but gambling. There are traditional investors who think that investing is buying a real share in a property like when you buy a share in a restaurant or a factory and you can decide what it does how it's run. That if you buy a small packet of something in the Internet it's not a real investment even if that packet represents 0.1% of a real company.

Gambling and investing were never the same and are not the same that's why we have different words for them.

[Saint-loup]

I think mostly because it is an online investment, maybe if it was probably an offline investment on something more physical, they will have a different view towards it,
Btc is a digital currency used online, so I can understand when some people will have this perception, personally, I think some people don't take online stuff too serious or they see it as gambling.

Some people also have this attitude towards stocks and the forex market that it's not an investment but gambling. There are traditional investors who think that investing is buying a real share in a property like when you buy a share in a restaurant or a factory and you can decide what it does how it's run. That if you buy a small packet of something in the Internet it's not a real investment even if that packet represents 0.1% of a real company.

Gambling and investing were never the same and are not the same that's why we have different words for them.

No I disagree with you because in gambling and in trading, there are the same amount of losers : at least 90% loses money while only less than 10% wins. You can find a Pareto proportion 80/20 in many business models but in gambling and in trading it's higher than that.

[FlightyPouch]

Thanks for that explanation. To be honest, I am one of those people that thinks that gambling is the same as risky as investing and with your explanation, I was cleared that it is not so thank you for that. I never view that point in the past and no one is really bothering me to explain that. It is somewhat embarrassing but still, I learned something and that is great.

[kezinaur14]

Because they have been introduced with bitcoin in a wrong way. This is happening all around the world and very few people know the inner bitcoin which has a lot of utility than fiat. Most people knows BTC as a money making/losing machine.

Yes, lots of people get talked about bitcoin as this very easy way to make lots of money if you have luck, you can clearly see the similitudes between a pitch like this and picture how people get introduced to betting initially.

I think most people anyway don't care about the tech that makes bitcoin possible, there's a need of simpler ways to interact with bitcoin, the simpler it is the more people will become a more permanent part of the market

[bhabygrim]

Now that you'be said it I guess they are both similar,
Both of them would need a proper knowledge and research about it in order to gain profit.
And both of them are unpredictable sometimes miracle could happen and change the whole game/market.

[TIDOVEE]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

Hmm, dude, let's get some things right. Though not all businesses are betting but almost all businesses involves risk, it is just that the risk rate may be varying. And of course bitcoin cannot fall to zero but one may loose much if the bitcoin price drops much. The only thing that can make consistent gain more established is, if one is really patient and not greedy. Like: anyone who has invested during the 2017 bull run and couldn't have the price as invested again. Could have just kindly waited till the next bullrun.

[rodskee]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

Hmm, dude, let's get some things right. Though not all businesses are betting but almost all businesses involves risk, it is just that the risk rate may be varying. And of course bitcoin cannot fall to zero but one may loose much if the bitcoin price drops much. The only thing that can make consistent gain more established is, if one is really patient and not greedy. Like: anyone who has invested during the 2017 bull run and couldn't have the price as invested again. Could have just kindly waited till the next bullrun.

you have come so far from the topic,OP is just pointing the difference about Investing and Betting and he Clearly mentioned about the Idea of betting like to gamble while In investing at least even if the price falls to zero still you have the currency on hold?though this is very impossible to happen as Bitcoin will for sure grow in future,we have been here for years and witnessed how this Great currency move and all we need is Just a patience and capacity to Keep holding.

[thesmallgod]

It is the risk involved in both that make people to comparing both the same but the level of risk is not the same, Betting involve very high risk while trading bitcoin involvess moderate risk. When you throw a bet, you can lose all your money within a few minutes but it is not like that in bitcoin trading. However, if you choose to invest your bitcoin in Ponzi schemes and other schemes that promise you ROI, I think your risk is as big as someone gambbling as well because the result of both are always similar

[Krislaw]

Yes, it can fall to zero , Yes it is Gambling,
or
let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment and years later still not recovered,

There are no guarantees, yes bitcoin can drop to zero any investment can, not realizing this can do you serious financial harm.
http://theconversation.com/five-reasons-bitcoin-could-enter-a-more-extreme-death-spiral-108766

Lol. Maybe you don't get what I'm saying. Let me try to be more elaborate.

Like you said;

let's say you purchased it at 20K
Now it is less than 10K for years, you lost over half your investment

You lost over half.... Right? Cool.
Now here's the question; Do you lose over half or all when you're betting? You obviously lose all.

You said bitcoin can fall to zero? Well, you should understand that it can never happen within seconds, hours, day, weeks, or even months. Bitcoin would take a long time if it's price is going down. It cannot be sudden.
And once you see those red warnings, you could simply sell off and lose a little. Unlike betting in which you can lose even 10,000$ in a few minutes.

You can lose all at once when your prediction is against you in gambling(betting) but when it comes to trading, measures such as stop-loss can be put in place you can't loose all. It is also very difficult for a coin with high market cap and millions of dollars worth of trading volume to dump without you knowing.
Only few gambling sites offers the live cashout option for popular games like English premier league, France league and the rest. Your fate is being decided within 90 minutes in soccer betting while few only few minutes in some other games like virtual games.

[minersday]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

The reason why some people see bitcoin as betting is that, the risk level in both bitcoin trading or investment and betting are very much equal. With betting you can't actually tell the outcome even with all the statistics. Bitcoin also has similar characteristics since you can actually tell the next possible market value. Both Bitcoin and betting share similar risk levels and their profit margins are also quite similar. But personally, betting is more risky than Bitcoin. With Betting, it is very high to lose all the money you invested in the bet.

[peter0425]

Now that you'be said it I guess they are both similar,
Both of them would need a proper knowledge and research about it in order to gain profit.
And both of them are unpredictable sometimes miracle could happen and change the whole game/market.

if you only read the topic?for sure you will not come to that idea,sometimes we nee to read the whole thread and not only the title because we will always brings inappropriate details.
they are not same in many ways aside from both involves our money at risk but in whole?they are now.

[wozzek23]

This is the problem I have with some people, even some of them on this forum. When people say that they lost everything in bitcoin, I keep wondering how that is even possible. Seriously, how do you even lose all your money in bitcoin, so you were not checking the price or what? And there is no way that bitcoin price will fall all at once and fall to zero.

There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.

[Sanugarid]

I don't really understand why people see bitcoin as betting. That's what most people believe; they have this mindset that investing in bitcoin is more like playing a bet. But is that true? Capital NO!
I had a conversation with two of my siblings who both know that I'm into cryptocurrency. The older one was asking how much he would earn if he invested about 1,500$ worth of bitcoin. (Tho, I gave him a good explanation that it doesn't work that way). But then, my other sibling was saying that bitcoin is more like betting. Well, I ended up proving my point and here's it:
Betting is risky and so is investing in bitcoin. However, there's a big bridge between them. When you bet, your money is highly at stake than when you invest in bitcoin. This is because when you bet and lose, YOU LOSE ALL YOU STAKED. On the other hand, YOU CAN NEVER LOSE ALL IF YOU INVEST IN BITCOIN. Bitcoin can't just fall to zero. That's impossible. Tho it may need a long growth for one to gain, it should never be compared with betting (in terms of risk).

The reason why some people see bitcoin as betting is that, the risk level in both bitcoin trading or investment and betting are very much equal. With betting you can't actually tell the outcome even with all the statistics. Bitcoin also has similar characteristics since you can actually tell the next possible market value. Both Bitcoin and betting share similar risk levels and their profit margins are also quite similar. But personally, betting is more risky than Bitcoin. With Betting, it is very high to lose all the money you invested in the bet.

Maybe the reason why they are comparing bitcoin as betting and investing because, in my own opinion, you are likely to be betting when you are investing, you are actually taking risks with a possibility that you will make a profit is 50%, it is either you will earn or you will lose money. But in investing, you can make your own standards in which you are choosing particular project that will make sure that you will make profit in the future by doing some study and checking out if that particular project can succeed with their platform.

This is the problem I have with some people, even some of them on this forum. When people say that they lost everything in bitcoin, I keep wondering how that is even possible. Seriously, how do you even lose all your money in bitcoin, so you were not checking the price or what? And there is no way that bitcoin price will fall all at once and fall to zero.

There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.

In gambling, you are actually taking risks with a 50% percent chance of winning while in bitcoin investment you can somehow make sure that you can earn by choosing top coins and making your own plans that will secure your profit in the future. Although we cannot predict the price and the market's situation but we can do better plans to make it possible.

[Traderbtcc]

From my point of view   investing bitcoins is totally different from betting in terms of risks I don't see any reason why people would compare  the investment of Bitcoins with betting  whereas betting pose more risks  than investments in the sense that you are faced with the fate of  luck investments on the other surfaces more profits if there is potential increase in the price of Bitcoins betting is the same as gambling

[gundala]

A misconception is widely circulated, ordinary people often assume bitcoin is not much different from betting. I really understand this because my family considers it that way, and advised me to leave bitcoin. I try to explain as best I can, that bitcoin is not entirely just a bet, there is an analysis that must be done, so it does not entirely depend on luck, but also strategy. After that, I just smiled and focused on my choices, and showed the best of what I got here.
Betting is risky, as well as investing using bitcoin. Investing with bitcoin will be the same as betting if it is not based on analysis and strategy, buying without calculation and clear analysis basis is bad. So make a difference with analysis.

We cannot blame anyone, lack of knowledge often leads to wrong understanding, and the best thing we can do is provide better information.

[alizarosa2123]

Wagering and contributing isn't quite an equivalent together another and that i never observe Bitcoin as something we simply wager. in particular else, wagering is for here and now while contributing is end of the day . the 2 of them have chance however we'll generally depict it wagering just in case we're betting. Essentially, Bitcoin isn't considered as a game we will simply wager. Wagering resembles more on karma however contributing isn't. I'm wagering we'll generally believe a transient technique while in contributing we'd like end of the day arranging.

[CoinFoxs]

There is a huge difference between bitcoin and gambling. Bitcoin is a pure investment, but the thing is that the risk involved is quite high than some other investments like gold, and that’s because bitcoin is still new and volatile. As time goes on it will become more stable and better than it is right now.

Bitcoin price is not stable and it increases or decreases in minutes most of the time, we have seen bitcoin dropped from 21k$ to 14k$ in 2017 so the one who bought bitcoin at 21k$ definitely lose their money. So there is a risk in bitcoin so invest money when you think this is the right time and I will get some good profit in 2-3 months.

[Ucy]

Typical day trading on cryptocurrency exchanges are more like bettings in my opinion. You place a bet that price will move to certain level, if it doesn't you lose, if it does you gain.
It's less risky(specifically Bitcoin trading) betting compare to others. This is probably why it's more tolerable. It can be very risky too, especially if you are betting on "pump and dump" or very volatile projects.

[kayvie]

Investing in bitcoin is different from betting. People most likely to compare it maybe because it's just the same thing when it comes to risking your money. It is just their easiest way to at least explain how risky to do both. But yes, they are really different, if you are investing in bitcoin, you are expecting a return in a certain period of time, while in betting, there is no guarantee of return because it all depends on your luck whether you will win or not.

[syedakhlaque]

There is said"No risk No gain".In every business, there is a risk of losing capital. And there is no business in the world that has no chances of loss. So the same matter is with bitcoin. This trade, there involves hard work, study, knowledge, experience, and investment. It depends on your study and knowledge that how much you invest and what strategy, and planing you adopt. So bitcoin is not betting.