Is Crypto another form of gambling?

[EarnOnVictor]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

[KiaKia]

Crypto is not slots or roulette, where the entire idea is based on luck, this makes it different from gambling, Bitcoin as an example is a digital currency and a good store of value, now trading comes along and it is the only thing that's close to gambling in crypto, you bet on upside or downside of the market movement, if you are right, you win, if not, you lose.

Bitcoin is volatile, and this whole gambling idea is pointing to the upside and downside of the volatility, does this makes it a gambling?

[Hyphen(-)]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No!
This can only be applicable to altcoins because, in my opinion, all altcoin investors are gambling with the hope of making a large profit due to uncertainty because they do not know what will happen to the project at any given time.

However, Bitcoin investment is distinct because we all understand how transparent the entire Bitcoin process is; therefore, we are not gambling with our money since we are confident that if we are patient, we will be rewarded.

[Oshosondy]

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Bitcoin is not gambling, only what it requires is speculation, but some people do not learn about bitcoin price history and speculation but they just want to invest, more especially during bull run when they fomo.

Most altcoins are gambling.

If you need proof that bitcoin is not gambling, I can give you detailed analysis about it as it seems more to be a store of value over long term period.

[sunsilk]

Now, do you agree that crypto should be seen as a form of gambling?

There's nothing gonna change if we agree or not with what they think of crypto as a form of gambling. They are even calling stocks as a way of betting and so, there's not a lot of difference from what they're labeling it.

And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Nothing really.

It will just gonna be thought as another risky thing to get involved with. And those that understands it like us, we won't care a lot with what these media or anyone calling it as a form of gambling.

[Coin_trader]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

In our country, Politician consider crypto as gambling because of the risk involved. Bitcoin is popular here because it was use by many big time ponzi operators that result to huge losses of many people especially from those living on the rural area that doesn’t familiar on Hyip. They are blaming Bitcoin instead of the Hyip because Bitcoin is what they use to invest.

Categorizing crypto as gambling is very subjective and it depends on how someone use crypto. Because holding crypto can’t be categorized as gambling since it’s very passive.

So far, Crypto is not restricted in our country despite of massive losses from scams. Government is just very eager to advertise their propaganda that crypto is gambling and very high risk.

Here’s the news about one of our Senator accused crypto as glorified casino: https://www.gmanetwork.com/news/money/economy/853335/gatchalian-warns-uninformed-vs-investing-in-crypto-calls-it-a-glorified-casino/story/

[michellee]

They can say that crypto is "a form of gambling" because they may not understand it. Crypto is neutral and we use it as an investment. And if someone has the knowledge to choose their coins, they will benefit. The essence of investing in crypto is how we can find more useful information so we can choose the coin.

And people don't need to choose a lot of coins because investing in Bitcoin, which is the main coin in crypto, is enough. Maybe those people need to learn and understand what crypto is and how to use it.

Traders should also learn more about trading to find coins to ride on when the market is down. UK lawmakers can legislate on crypto but crypto is not a form of gambling.

[Onset]

Purchasing fiat is a risky investment too. You never know when a war begins and money gets a very quick and strong price correction. Almost anything we do is a risk and you could say we’re gambling around all the things we do. You risk overcooking when you cook food. You risk swimming in water that’s been contaminated with some sort of weird parasite or whatever.

Crypto is an alternative to fiat. It’s risky, I can’t deny that, but it’s not gambling to me.

[Upgrade00]

2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

They don't. If we take that definition by face value then;
• Investing in real estate,
• Buying any form of stock,
• Starting a business,
• Running for a political office,
• Even proposing to your partner.
All of the above should be considered as gambling and regulated as such.

They do not know what they are saying neither are they trying to understand it, they just want to slam some form of regulation on Bitcoin and are finding a way to justify it.

[wahyuagung26]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Crypto is not an embodiment of gambling, Crypto is more directed to digital currency and is also used as a storage place for digital assets that are valuable and have fluctuating properties. and But in fact there are also those who use it as a place to do gambling in digital form. They use Crypto as a tool for them to gamble and it is nothing more than a betting tool.

If you examine them using up and down cycles like forex or some kind of Binomo platform maybe they use to do gambling with Crypto assets, and basically it was created not for the purpose of gambling. and this also depends on how the owner of an asset manages, sometimes they bet, and most of the owners choose to invest crypto currency in the form of Bitcoin.

[salad daging]

Change the word crypto to Bitcoin maybe this thread will still be here, but if it stays with the word crypto maybe Mod will move to the altcoin board.
Bitcoin is not the gamble they think it is because bitcoin has a pretty good value with a history that has what is seen as the notion that bitcoin is gambling?

I see that many of those who invest in bitcoin earn quite a lot over a long period of time, they know how the bitcoin cycle is so this should not be considered a gamble, if this is a statement from the government that is what they want because the government is always there to make a way who trust bitcoin to doubt their statement.

[m2017]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

If so, then these British MPs should classify the stock market and securities as gambling. For this market also falls under these two points of the Oxford Dictionary from Google.

Again, these are just the words of two deputies, which doesn't mean that cryptocurrencies must be classified as gambling and regulated in this way. Until such a law is adopted, this is nothing. Also, this is a possible regulation of only one country, which doesn't guarantee that this scenario will be repeated in all other countries.

It is necessary to treat the tabloid press more simply.

[ShowOff]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No, I totally disagree. Gambling is betting where we bet money on something in order to win money from it. Gamblers expect luck, while traders and investors expect price volatility to make profits. Gambling, trading, investing are not the same although there are some users who do it as if they were gambling on their trade and investment.

You probably know what I mean, so I don't agree that crypto is basically gambling. Price speculation is also not gambling as long as there are fundamental factors that are expected to affect prices.

[aylabadia05]

[snip]

Now, do you agree that crypto should be seen as a form of gambling?

Not for Bitcoin, but for other crypto besides Bitcoin it can lead to gambling.

Many politicians do not fully understand Bitcoin, but I believe that the British MP you mentioned is most likely not directing the word "crypto" in question to Bitcoin but to altcoins.
If what is meant is altcoins, we can judge for ourselves how the journey of altcoins will end. Many altcoins are headed for disposal even though there is a small percentage that one can expect a suitable return.

[GigaBit]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Some people think Bitcoin or crypto currency as gambling for a few reasons, but is Bitcoin or cryptocurrency really gambling? We know that Bitcoin is so volatile with in a moment an investor dreams of higher profits, it can be brought down again. This high volatility is what primarily relates Bitcoin to gambling. Generally Bitcoin and gambling are totally different from each other. But there are some altcoins where some have managed to earn so much money by investing. Many altcoins have been dead again with high returns, some have earned big money simultaneously some have lost big amount of money. Considering these aspects, it is very similar to gambling.

[Zaguru12]

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I don’t expect the government to actually paint cryptocurrency good to the people because they belief the stereotype will actually work to discourage people away from it. So reading this doesn’t get me surprised.
Although I would agree on the second state on some dump and pump coins/tokens I think bitcoin should be taken out of the context.

Bitcoin is volatile and also it is a ROI yes, but it doesn’t lose a total value like how a stake amount in gambling goes to zero. Although this days aside holding one’s bitcoin, other trading features have made crypto more like a gambling thing but even at such you can never lose your funds entirely with bitcoin.

But the Alticoins and also the NFTs are somewhat a gamble when one hold them or trade in them because they have the ability to go to down to an insignificant amount or grow into huge amounts of money which are the characteristics of gambling

[mendace]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

If cryptocurrencies were officially regarded as a form of gambling and subject to regulation in line with that classification, restrictions or restrictions on cryptocurrency operations and investments could be introduced.  This could include limitations on trading volumes, registration or licensing requirements for exchange platforms, and measures to protect investors from potential fraud or financial risk.

[Viscore]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No!
This can only be applicable to altcoins because, in my opinion, all altcoin investors are gambling with the hope of making a large profit due to uncertainty because they do not know what will happen to the project at any given time.

However, Bitcoin investment is distinct because we all understand how transparent the entire Bitcoin process is; therefore, we are not gambling with our money since we are confident that if we are patient, we will be rewarded.

Crypto will only fall as gambling if you are investing on the coins that have no real value from the start. However, if you’re into bitcoin, that is not gambling since you know exactly how you’ll be profitable in the long run, unlike gambling that will only make you more susceptible to losses if you stay for long. With bitcoin, you know you’ll have a bright future if you simply follow its rule, that is buy at its low price and sell when the price surges high.

[Wrathofcoins]

Well, if you took the literally definition of gambling and you expand that, maybe it can be correlated, but mading that ended on all your movements in life also are"gambling".

So putting money on bonds its gambling because it have a 1% risk of default. I dont think at this point we can have this discuss, this its a discussion from 2012/2015.

[Yatsan]

Your investment would be a gamble if you don't have any plans for it. Unlike with gambling, an investor could actually manage the risk such as putting a stop loss depending on one's preference unlike in gambling wherein once you bet n mount, either you lose or win. Such concept confuses many people but they're actually different from one another. The only thing which binds these two concepts is risk of losing money especially in crypto industry wherein volatility is obvious. Proper risk management would yield to profit. Patience would also contribute to the result which I guess is another difference in comparison to gambling.

[bittraffic]

Not really gambling as its the same as stock market. It is however viewed as gambling by the regulators in Europe. Somehow Crypto companies I think would prefer a regulator to have a real guidelines than having nothing at all. There are conflicting regulations on this though and we'd find out soon enough.

Investing in crypto is nothing but gambling. Its close to gambling as you are risking.

[Botnake]

They can say that crypto is "a form of gambling" because they may not understand it. Crypto is neutral and we use it as an investment. And if someone has the knowledge to choose their coins, they will benefit. The essence of investing in crypto is how we can find more useful information so we can choose the coin.

And people don't need to choose a lot of coins because investing in Bitcoin, which is the main coin in crypto, is enough. Maybe those people need to learn and understand what crypto is and how to use it.

Traders should also learn more about trading to find coins to ride on when the market is down. UK lawmakers can legislate on crypto but crypto is not a form of gambling.

Crypto may be considered as gambling from an ignorant and uneducated point of view. But for those who know well about crypto particularly with bitcoin, then it’s not gambling anymore since we are all aware how advantageous and profitable it is as long as we focus on long term investment. Maybe for UK lawmakers, they are not just confident having crypto around even though crypto is widely legal in their country.

[She shining]

What's gambling? Making decisions with hope of things playing out well. Life itself is a gamble. Planning for the future is a gamble. We can't really tell the future of anything but speculate how it would play out. Despite how we try to convince ourselves everything is in our control, life proves to you that everything is based on chance. Relying on Central authority is a gamble, Bitcoin becoming very valuable in the future is a gamble. The world can just go kaboom or any other thing happening. The chances are low doesn't mean it isn't there. Nothing is ever certain. The highest we can ever get is 99.9%

[AmoreJaz]

What's gambling? Making decisions with hope of things playing out well. Life itself is a gamble. Planning for the future is a gamble. We can't really tell the future of anything but speculate how it would play out. Despite how we try to convince ourselves everything is in our control, life proves to you that everything is based on chance. Relying on Central authority is a gamble, Bitcoin becoming very valuable in the future is a gamble. The world can just go kaboom or any other thing happening. The chances are low doesn't mean it isn't there. Nothing is ever certain. The highest we can ever get is 99.9%

that is what i'm thinking here. life itself is a gamble and so all the decisions that come with it. so crypto market has its own features of being included in the gambling category. but to what extent?  that depends on what you want to explore in this market. if you go to new alts or new hype like meme or AI tokens, that's a gamble of your money as most of them have short lifespan. so you are playing with this project when will be the good time to dump it
now,  the risk what you are putting yourself into depends on where you want to put your money on these coins.

[alastantiger]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

One of the simplest explanation as to why anti-crypto supporters believe that cryptocurrency is gambling is because it's value only depends on how many people want to buy it. They say bitcoin isn't like commodities, people will always need to eat  drink coffee.  According to them, these commodities can never decrease to zero in value but bitcoin can, as soon as it goes out of fashion. The value of bitcoin only increases as long as more people are buying in to it. That is their logic and they are dead wrong. But what they do not talk about is the technology behind bitcoin that is the decentralized financial system is not always talked about.

[Twentyonepaylots]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

One of the simplest explanation as to why anti-crypto supporters believe that cryptocurrency is gambling is because it's value only depends on how many people want to buy it. They say bitcoin isn't like commodities, people will always need to eat  drink coffee.  According to them, these commodities can never decrease to zero in value but bitcoin can, as soon as it goes out of fashion. The value of bitcoin only increases as long as more people are buying in to it. That is their logic and they are dead wrong. But what they do not talk about is the technology behind bitcoin that is the decentralized financial system is not always talked about.

Or simply the extent of how much they know about it. Most of non-crypto investors view cryptocurrencies as a currency with a volatile market value; a hybrid asset. Decentralization is indeed another thing as its characteristic but since we are talking about crypto as an investment, risk would be the underlying factor as we all know.Those people who only invested in this industry without putting an effort on learning its nature and complexity are the ones we may call gamblers of this blockchain. They simply invested on the tendency of having returns and not to this technology itself. From that, they only grabbed the profitable aspect of it and not its usage and purpose, I believe.

[serjent05]

The crypto investment will never be a form of gambling if we have knowledge about what we are investing with.  Since we know the condition of the market, know the movement of the market and know the people behind the crypto project, we can assess a risk management to enable us to mitigate risk.

Investing in crypto only becomes gambling if a person is putting his money in an investment blindly, doesn't have knowledge about his investment, and just goes with the flow of the hype. 

[lalabotax]

I think it will depend on what the city is doing in the crypto business. if we only do trading or various businesses in crypto without doing proper research and strategic planning then it can be a gambling activity really like gambling. moreover, if we trade in futures or leverage, this will really be gambling for beginners, especially. because usually they don't really understand how to trade according to their abilities, while they do it without learning first, just following trends or other people's trading activities.

[Dzwaafu11]

Now, do you agree that crypto should be seen as a form of gambling?

NO!!!
especially bitcoin can never be considered gambling because we know what we are investing in and we believe with time and patience we won't lose. However, those who gamble with money I can say those who invest in shitcoins which can be trash at any time where are gambling is what you don't even know how it will end is either you lose and earn profit.

Investing in crypto is nothing but gambling. Its close to gambling as you are risking.

I believe you are misinterpreting cryptocurrency. How can investing in cryptocurrency turn into gambling when you understand where your money is going and how the market works? However, if you are going to be patient and put your money there, you will undoubtedly make money and get your money back with profit. So I think If you're saying that cryptocurrency is also gambling, I think you're mistaken.

[goinmerry]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Of course, no. Gambling in general relies purely on luck. On the other hand, risking money in crypto is manageable and it's not that we only have to rely on good luck here. If you consider crypto as an investment, therefore, treat it as any other investment where you have to do your best how to manage it properly.

In the usual gambling, there are luck-based games and strategy-based games. The terms itself should give us a clearer view already about gambling in general especially the luck-based games. Strategy-based games, on the other hand, require skill but still need a bit of luck to win.

In crypto, although the market is too volatile and unpredictable, making profits here depends on the right timing of our actions. We are basically not relying on luck here since regardless of the trend, whether bullish or bearish, there's a possible profit we can achieve. And honestly, with just a simple holding, the profit is always possible - a basic and simple thing to do but effective to most.

[Mr.right85]

2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Well if you take a look at that second definition, you would agree with me that it pretty much agrees with virtually any form of an investment with a profit an lose probability.

Having that at the end of our minds, it won't feel so right to use it for a subjecting condition on cryptos as a gambled commodity.
They could as well find the best means to suit there regulations but, regulations doesn't suit in with cryptocurrencies.
Exchange perhaps but, that's just as far as they should go, that's the third party spot in crypto as business between parties being p2p don't give much room for regulations.

[lionheart78]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I'll be specific, investing in Bitcoin is not a form of gambling, the same goes with Ethereum, LTC, and other cryptocurrency that has a huge community or user base.  But investing in Meme coins, NFT projects and other unestablished cryptocurrencies may consider gambling because the risk involved is too high and the possibility of profit is too random.  There is no fundamental to study and even the TA is unapplicable.  The market movement of these unstable new projects is too random to know or make sure that a profit can be obtained.  Just like gambling, investing in these shitcoins is more likely make us loss our money.

[Slow death]

It is very strange that some politician calls cryptocurrencies gambling, since bitcoin for example is something known all over the world as a currency and has use as a currency, people use bitcoin to buy goods and services, so they are confusing bitcoin with some game of chance is very absurd, in the game of chance people put money in everything or nothing, they are relying on luck, with bitcoin people when they use it for investment purposes then they do technical and fundamental analysis of the market and buy, but they don't run a big risk of losing everything, that's because bitcoin won't drop to zero so it doesn't make any sense to make that kind of comparisons

even if we look at altcoins that many of them are pump and dump schemes, it would still not be fair to compare altcoins with gambling, because altcoins are also used to buy goods and services, for example a person can take their altcoin and deposit it in a casino and playing, that's because this altcoin is equal to money, it has a value, but gambling as the name already says is a game in which people put money and play, win or lose, I think the difference between gambling and cryptocurrencies is a very big difference in terms of the function of each thing

[loopes]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I do not think so with their statement that said crypto currency is a form of gambling, at least not at all. How crypto is viewed depends on how it is used. If bitcoin is literally do for gambling or betting, then their their statement they are true. However, if bitcoin is only used as a payment method or even as just a side incone to get additional income from signature campaigns, then crypto currency is not gambling at all because there is no any gambling elements there.

[Awaklara]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

they only see it from one point of view and don't really know how Crypto works. maybe what they highlight is how people trade crypto. without them knowing there is complete control over the assets traded by a trader. while gambling will only bring them 50;50. when they start betting and everything will be irreversible.
I think there should be an expert who explains to them before the draft regulations will be discussed. it was highly unlikely that such a large country would not have truly skilled people. not a person with speculation.

[SOKO-DEKE]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No! As for me, crypto is seen as an asset, especially Bitcoin, because it is something valuable. When you invest in Bitcoin, for example, it can only lose value, but you will never lose the Bitcoin you may  have because 1btc will always forever be 1btc, So with that Bitcoin can only lose value, but you never lose that Bitcoin itself. Gambling is just to bet or stake on something valuable, and when you lose, you have lost everything you staked on it.so it have zero power of hope. In gambling, if someone bets on something and it loses, they lose it all forever, but in crypto someone can only lose value of what it may be holding but not what is have.and gamble is seen as gamble and crypto is seen as crypto and each have different purpose it serving.

[qwertyup23]

People who do not know about cryptocurrencies often associate it directly with gambling when it is entirely different from the latter.

Cryptocurrencies are like your traditional investment on the market, such as: stocks, gold, real estate, etc. They have a definite value in the market in which people are willing to pay for. Due to its high volatility, its price rapidly changes in the market in which some take it both as a boon and a bane at the same time.

Gambling, on the other hand, is a physical activity where you risk your chosen/desired currency in a game of chance/odds. While investing is a gamble in itself, it cannot be said that gambling equates investing.

[SmartGold01]

Technically whatever that doesn't bring a free flow of money or stable money when purchase and acquires it isn't what we should lay a total hope into, usually crypto sometimes in my own perspective I sense to be as gambling why?

The possibility of you venturing into and making profit are classified to be 50 50 because you don't know what it may yield for you or not, likewise if others invested they make lose as well. Same as gamble, why let say there are some selected games and you never can tell what the result and outcome of selected matches would play out to be but what you know is that there must be a winning within the both parties that involved in match or game.

Somehow looking deep down, you may think cryptocurrency aren't the way we sees it but technically they acts accordingly as they both involves losing one's money due to the volatility level and people are really conscious of losing their hard earn money in a twinkle of an eye. However its far from what they sees it so I don't think it should be classified as gambling.

Cryptocurrency doesn't entirely lost your money rather the value would slight change in percentage respect to what currency is reflecting on your balance, cryptocurrency gives you the chance to still have your asset back whenever the market dip you can only be patient while it bounces  backs to it previous price at this point you might decides to sell or still hold them with you but what matters most is that you don't entirely lost your funds unlike gambling were you lost everything without remainder of any.
analytically you may got it twisted if the both scenario are not clearly explained to you, overly people sees it as gambling, so it was to me then with little insight about whole concept.

[taufik123]

If it is said to be another form of gambling, of course it is not and is not related, but if you say that trading that relies on luck or just guessing up or down is like gambling because there is no analysis done.

To take risky actions is the nature of cryptocurrency, all investment platforms have their own level of risk.
For gambling, the risk of losing will be higher and it depends on luck, and some gambling systems are set up so that losses are more than wins.

Everyone's perspective may be different, but if you say crypto as another form of gambling I disagree.
Gambling is still gambling and crypto is an investment that has asset ownership for you to hold.

[EFS]

If you accept crypto currencies as a form of gambling then all other similar invesment products such as stocks, gold, silver and even Pokemon cards and CS:GO skins are gambling. You can make bets with crypto, that doesn't mean the currency itself is gambling. You can invest your money to clone altcoins, that doesn't mean whole crypto-currency ecosystem is gambling. I thought we were over this discussion years ago but it looks like some people still use it for their own agenda.

[Lorence.xD]

Well if you consider things things in crypto as gambling then there's nothing wrong about it since there's always a risk involve in this industry with it's volatility present, it makes everything risky. Maybe it only differs when it comes to actual gambling is that you couldn't rely on your luck and gut without having the knowledge you need in crypto. Like for example, in gambling for you to play and bet you must understand how the game works and it's rules before you can even start right? Same thing with crypto, you need to be familiarize first so you can understand that those risk can be lessen if you have more information such as techniques and experiences.

[goldkingcoiner]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Life itself is risky. Everything is risky. You go outside, there is a certain risk that something bad will happen. Maybe you will get hit by a car, maybe you get robbed, maybe you break a bone. Unlikely, but the risk is still there.

So by that notion, should everything be considered gambling? I do not think so. Crypto also is not gambling. It could be used as a medium for gambling, like on crypto gambling casinos or trading on a crypto exchange. But intrinsically, its not gambling in itself, no.

But then again, some people consider stock trading as gambling. That does not mean that owning stocks means you gamble.

[awik p]

a matter that is often debated between trading and gambling. I think this depends on each individual, with more traders who lose than those who survive, this can be explained logically. underlying the success of trading is psychology, in addition to money management and technical analysis. if we run everything well then we can make a portfolio according to plan, that's where the difference is, where real trading can be planned and targeted, while gambling cannot be planned long term, because it is based on luck alone

[BenCodie]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No it is not a form of gambling and to compare cryptocurrency to gambling is a very short-sided view (not surprising at all from some dim-witted "elite" from the UK).

The only similarity between cryptocurrency and gambling is risk. If you are day-trading cryptocurrency, you are participating in an activity that is as high-risk as gambling. The better you are, the less your actions are down to chance and the more you know your odds, therefore it is just a high risk action. If you don't know what you are doing, then you are gambling.

The same goes for buying and selling. If you don't know what you are doing, then you are gambling...as you do not know the risk : reward of your actions, you have not measured your potential for gains against losses, etc.

If you are someone who understands cryptocurrency, you understand market volatility, you use technical analysis to buy/sell when you can see overselling/overbuying, and fundamentally research to reason your trades and measure your odds....you aren't gambling. You are participating in an investment that is "risk-on" but you are not throwing your money down to chance.

TLDR:
Noob - puts money into cryptocurrency with no reason or research and leave success completely down to chance. - Yes, that's gambling.
Wise - does their due diligence, assesses/measures the risk/reward of their actions, reasons their actions before taking them.

Are we really creating laws to cater for noobs now? Are we really going to classify cryptocurrency as gambling because noobs won't better themselves?

Ridiculous.

[crypticj]

For sure. Especially considering that our community treats it like an asset and trade it to get money.

if there is a risk and profit opportunity that doesn't depend on you, then it's gambling.

Crypto literally has derivatives lol, it's the best sign that it got turned into gambling.

[laurenB7742]

For sure. Especially considering that our community treats it like an asset and trade it to get money.

if there is a risk and profit opportunity that doesn't depend on you, then it's gambling.

Crypto literally has derivatives lol, it's the best sign that it got turned into gambling.

It is also not wrong that some people consider cryptocurrencies to be gambling because they involve risk, and above all, it is just person's point of view. If you consider it a form of gambling, no one can argue with you, but just because you think it is gambling doesn't mean that others consider it is gambling too. Cryptocurrency is a financial market like stocks and forex, so you should also consider the other two as gambling. But for those with knowledge, they will not consider them gambling, but call it an investment, because winning or losing completely depends on you.
It's not like gambling that just depends on luck.

[landheer]

In my opinion, investing in crypto or trading in crypto, in my opinion, is not gambling because we all know that, crypto prices move because of market demand (buyer and seller demand) so in my opinion it does not contain an element of gambling because in business there are always profits and losses. .
but in crypto we have to be good at managing buying and selling strategies.

[Iranus]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Even our life is a gamble, if you live with no direction, no goal, no plan, and you ignore life, then your life is also a gamble, nothing more and nothing less. When you invest and do business without any plan, you just follow your feelings and what you think is right, that is also gambling. People who consider cryptocurrency as gambling are ignorant and do not have any knowledge about it. They only look at the surface, see the risk, and hastily conclude it is gambling. For these types of people, it is advisable to stay away and limit arguing with them because their limited knowledge only wastes our time.

[Dr.Osh]

Of course I don't agree with this. if crypto is equated with gambling, then so are stocks and other things like that. I think this is set up to attract the attention of ordinary people so they think that crypto is gambling. However, a lot of crypto is based on real, or worthwhile, projects. maybe there are some cryptos that have projects related to gambling, but not all of them are like that, for example ethereum, and binance. I think they write things like that to attract readers or create FUD.

[Poker Player]

Now, do you agree that crypto should be seen as a form of gambling?

Some people behave when dealing cryptocurrencies like when they go to the casino, so yes, it is somewhat similar. What I do not agree with is that the regulation is the same. The same thing happens with the stock market, there are those who trade like those who go to the casino and you can imagine how they end up. But there are intelligent investors who make a good profit from the stock market. Therefore, for me the regulation of cryptocurrencies should be more similar to the existing regulation on the stock market.

[Stella Mese]

Indeed, there are always many people who say crypto investment is gambling, even though in my opinion bitcoin investment is not gambling because we buy and sell btc according to the agreement, just try to look at the crypto exchange whether you see gambling or not? but as far as I know there is no gambling at all.

even if someone loses from investing in bitcoin, in my opinion, it cannot be called a loss if it has not been sold, because the price of btc has the potential to rise again. and btc has a fluctuating nature. so the point is in investing in btc, practice patience and endurance, , and btc investments are not regulated by other people, so in my opinion, investing in btc cannot be called gambling.

[fuguebtc]

If you invest with knowledge, it cannot be called gambling, but if you invest without knowledge, it is gambling. So there is nothing wrong with some people saying that investing in bitcoin is gambling because it involves risk, involves winning and losing. But not just with cryptocurrencies, I think all financial markets are like that. It's all gambling if one has no knowledge of it, and it would be an investment for those with the knowledge.

Whatever it is, it's just a name, it doesn't really matter to me. If gambling can make a profit and enrich me, I don't have too much of a problem with that name.

[Adams0001]

Not at all. Because it is a slang term for cryptocurrencies and its related functions, the term crypto embraces a wide range of minor issues.

In the case of new and ignorant consumers attempting to invest in volatile cryptocurrency marketplaces, bitcoin may be associated with gambling.

Because of the volatility of cryptocurrency markets, investing in it is compared to gambling. However, without a good understanding of investment, one could argue that everything is a gamble.

[Wexnident]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I mean, investments can also be a gamble if you just willy-nilly do it. Heck any decision-making can become a sort of "gamble". Even if we consider that gambling would require the involvement of money, well, there are still a LOT of instances where any decision-making actually relates to as a gamble.

Now I don't really agree with it, but it's mostly because my personal meaning of gambling is to use the money to enjoy a game that rewards me with, well, money. The keyword is "enjoy". I have, for one, never enjoyed looking at crypto charts for a single moment, regardless if it was me profiting or not (mostly not tbh).

[Aikidoka]

~snip~
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Obviously, the first option is wrong since crypto is not merely a game to be played. However, the second option seems more appropriate imo. Like when discussing about investing in crypto, it involves taking a risky action with the hope of making a profitable return. Gambling is primarily based on luck, usually around 70% to 80% reliant on luck in real-life events, and 100% reliant on luck in slots. On the other hand, when it comes to Bitcoin and other crypto, the level of risk can be reduced a lot if you possess a good knowledge about how the crypto market works. By investing wisely, you can avoid that much risks and potentially make a good return later.

[jeraldskie11]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

According to the Oxford Dictionary, gambling is only called such if you don't know what you're doing. Because cryptocurrency is so volatile, entering the market without any information is just gambling. Many people lose a lot of money in cryptocurrencies due to excitement and investing and trading without understanding how to assess the market. So it's important to understand what you're doing before you decide to trade or invest in order to reduce risks and potentially increase your income in the future.

[TheUltraElite]

UK MPs can say what they want, it does not change what bitcoin is.

Bitcoin trading may be a gamble but crypto itself is not. I think this is what they were trying to say while making this statement. Considering the past history of volatile prices and people making money off those price by speculating, crypto trading becomes a gamble, though I feel the term is more applicable to the types of trading other than long term spot trading.

Because certain groups of people are against gambling the politicians want to rouse them by using this term. It is better to ignore these lines than attempt to correct them.

[Captain Corporate]

Too many people are acting as if there are situations where you need to end up with a "bet" and that's the trouble in the market. In any case, I do not think that its gambling, if buying up stocks is not gambling, and if forex is not gambling, if gold is not gambling, hell even keeping your money at fiat is not gambling, then crypto is not gambling neither. I believe that we are doing fine right now and that should be the case for the longest time. I know that its going to take some time but we will end up with a good situation when the time comes and we need to focus on what we could do when we can. Just invest smartly, do not be doing anything crazy and that would be a good thing for you in the end, making silly investments could be risky.

[bitzizzix]

I don't care about that statement. Indeed, many equate investing in crypto and even stocks with gambling, and usually their argument is due to uncertainty. And crypto investment is also uncertain, it can go up or down.
But this is a weak argument, and it could be that all activities in life are equated with gambling.
Later in college can also be considered gambling because the results are uncertain, you can get a job or you can also be unemployed. Marriage is also gambling, can be happy can also be miserable. Opening a gambling coffee shop business, olshop business and other businesses can be said to be gambling because it can generate profits or losses, and all of that is uncertainty.
and the most important thing for me is, i only want my money to grow through bitcoin in the form of long term investment. Because actually I never lose because I never sell when it goes down and always sell when the price goes up or reaches a new ATH, it's not like gambling because I lose more than I win and this is clearly different. And I'm talking about reality not about knowledge of either.

[kryptqnick]

What something is de facto can be quite different from what something is de jure. Sometimes it's just easier for authorities to approximate one thing to something else for regulation purposes because that something else can the regulations worked out.
The second definition provided by the op seems close enough to crypto investment. Also, I googled and there are no taxes on gambling winnings in the UK, so if regulating crypto investment as a form of gambling would mean zero taxes on crypto gains in the UK, I think that's very nice.

[demonica]

If you will take it literally, you cannot consider crypto as a form of gambling but rather as a "form of investment". Investing and gambling are common in terms of risk and involvement of money for the aim of acquiring profits. But it does not mean that they are the same. In gambling, it's more of luck or based on the performance of a team in sports betting. Also, profits can be obtained within a short period of time. On the other hand, crypto is closest to investments since there are charts, volumes, and values of different tokens involved. And rather than relying on luck most of the time, there is lots of research and studying of the market required in order to gain profit.

If they want to regulate cryptocurrency, they should consider it as a form of investment not gambling.

[Mame89]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I want to say 100% Crypto is not gambling. Because trading and investing, yes, everything has risks, be it stocks, mutual funds, etc. also have risks, even opening a business in real life also has risks. If it's gambling, it's clear to guess the binary options, but if trading or investing is the same as buying something, if the price goes up, it's a profit, if the price goes down, it's a loss. but the assets that we have don't disappear, but only the value decreases, as long as they haven't been resold, they don't lose, that's called trading. This is just an illustration, if I'm wrong please correct.

Buy chickens to resell, hoping to make a profit, but the market price is dropping again, below the purchase price, so it's our loss.

Buy crypto to resell, hoping to make a profit, but on the market the price is dropping, below the purchase price, so it's our loss.

There are many other examples, there are buying and selling of shoes, food, cars, motorbikes and others

Then, why is buying and selling crypto called gambling while buying and selling chickens is not considered gambling.

In the crypto business, there are investors, there are also market players (buy/sell).

[minairia3]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

If someone calls cryptocurrencies like gambling, it should not be ruled out that stocks and forex are also gambling because everything has risks, there are winners and losers. For me, I never considered crypto is gambling because gambling is just luck. While with cryptocurrencies, we need to learn many things, and winning requires a lot of combined factors, not investing blindly and relying on luck like gambling.

[crunck]

The line between gambling and investing is very thin. If someone invests without knowledge, investing in a way that relies on chance, they will call it gambling. But if someone has market research, a clear strategy, a plan, they will not consider investing as gambling. But there's also nothing wrong with saying that investing in crypto is gambling because if someone just invests in shitcoins, that person is gambling rather than investing. They are expecting a profit from chance, it is no different from gambling.

[lizarder]

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

For Altcoins there may be similarities but also not entirely like gambling, although in practice altcoins are like betting to determine the price in the next period. I think there are a lot of differences between crypto and gambling, especially when we talk about bitcoin, even though altcoins are similarly based on luck in guessing the price. For the problem of risk, it has another meaning to connect gambling with bitcoin because in bitcoin we bet risks that are clearer, with the understanding that knowledge will minimize the risks that will occur.

Most people have not studied historically about the movement of bitcoins and they often try their luck instead of trying to analyze it instead that's why sometimes they think bitcoin is full of risks associated with gambling. Bitcoins can be considered as a store of value in the long term and this is one of the reasons that distinguish bitcoin different from gambling.

[greek_hephaestus]

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

For Altcoins there may be similarities but also not entirely like gambling, although in practice altcoins are like betting to determine the price in the next period. I think there are a lot of differences between crypto and gambling, especially when we talk about bitcoin, even though altcoins are similarly based on luck in guessing the price. For the problem of risk, it has another meaning to connect gambling with bitcoin because in bitcoin we bet risks that are clearer, with the understanding that knowledge will minimize the risks that will occur.

Most people have not studied historically about the movement of bitcoins and they often try their luck instead of trying to analyze it instead that's why sometimes they think bitcoin is full of risks associated with gambling. Bitcoins can be considered as a store of value in the long term and this is one of the reasons that distinguish bitcoin different from gambling.

The different between gambling and investing is small different only and I think there are a lot of differences between crypto and gambling, especially when we talk about bitcoin, even though altcoins are similarly based on luck in guessing the price and  In gambling, it's more of luck or based on the performance of a team in sports betting. Also, profits can be obtained within a short period of time and Investing and gambling are common in terms of risk and involvement of money for the aim of acquiring profits.

[Sanitough]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

If someone calls cryptocurrencies like gambling, it should not be ruled out that stocks and forex are also gambling because everything has risks, there are winners and losers. For me, I never considered crypto is gambling because gambling is just luck. While with cryptocurrencies, we need to learn many things, and winning requires a lot of combined factors, not investing blindly and relying on luck like gambling.

Exactly. Gambling is purely based from chance and luck while crypto is gained through knowledge and experience. Without them, crypto will fall as gambling. However, the only difference is that gambling mostly ends up with losing regardless how good or expert a gambler is while crypto created more opportunities for us not to lose but to attract more funds and profits especially if we are doing the right thing at the right time.

[Asuspawer09]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I've thought about it a long time ago for sure cryptocurrency investment wasn't called gambling, but there are surely some similarities like what you have said.

You're not going to lose in cryptocurrency as long as you hold and do not sell it at a loss, you could just hold forever. If your investing in a popular cryptocurrency I guess something like bitcoin, holding something like trash coins in the market would surely end up in a loss since the coin is already dead. So you could make exceptions to something like Bitcoin and Ethereum because this was like a stock market in which you invest and believed in a company right? Do you consider the stock market a form of gambling?

I guess if you're going to do daily trading and something like leverage it is already gambling since on futures you could lose all of your investment on it easily if you are not lucky on your guess which is really similar to gambling.

[serjent05]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I've thought about it a long time ago for sure cryptocurrency investment wasn't called gambling, but there are surely some similarities like what you have said.

You're not going to lose in cryptocurrency as long as you hold and do not sell it at a loss, you could just hold forever.

If you hold cryptocurrency forever then you arleardy lost the money you invested in it because you already limited yourself from getting the ROI.

If your investing in a popular cryptocurrency I guess something like bitcoin, holding something like trash coins in the market would surely end up in a loss since the coin is already dead. So you could make exceptions to something like Bitcoin and Ethereum because this was like a stock market in which you invest and believed in a company right? Do you consider the stock market a form of gambling?

It depends if you are able to cashout in time where that trashcoin is uptrending.  Gaining or losing depends on our action. In trading we must know when to buy and when to sell.  If we only know when to buy then it is more probably that we already lost in the trade.

I guess if you're going to do daily trading and something like leverage it is already gambling since on futures you could lose all of your investment on it easily if you are not lucky on your guess which is really similar to gambling.

If you know what you are doing in trading then it is not a gambling at all.  It only becomes a gamble when we don't know what we are doing and just do blind trading just for the sake of calling it a trade.

[The Cryptovator]

In my opinion, while crypto may not be inherently equivalent to gambling, it can be compared to a gamble due to certain similarities. One aspect that aligns with gambling is the uncertainty surrounding future price movements. When engaging in crypto investments, we cannot accurately predict how the prices will fluctuate, and we rely partially on luck to achieve favorable outcomes.

However, it is important to note a significant distinction between crypto and traditional gambling. In gambling, if you lose, you typically lose all of your wagered amount. Conversely, in crypto, if you purchase, for instance, 1 BTC, you will always retain that 1 BTC, regardless of its fluctuating value. So, while the price may not be stable, the ownership of the cryptocurrency remains constant.

[DeathAngel]

UK MP’s might want to rethink that statement because unlike here in the States, there is no tax on gambling winnings of profits. I’m sure investors over there would love that to be put into their law, no taxes on profits due to ‘gambling.’

Crypto is not gambling though is it, it’s investing. Just like any stock there is always a chance of volatility, we don’t need protecting from anybody. We are all capable of assessing our own risk.

[teosanru]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I won't say crypto is another form of gambling but yes trading atleast is another form of gambling only. No matter what you say short term trading based on any indicators and pattern is more or less gambling only it's just that with some risk management it can be made profitable some time. Same can't be done in Gambling because of no Stop loss option in games. Apart from this all projects and even long term investment in Cryptos doesn't constitutes as gambling.

[suzanne5223]

Cryptocurrency can be categorized as a form of gambling because almost everything in life that involve risk is a form of gambling and that includes the food we eat it's gambling because we don't know at some point if it's poison or not. Besides, holding or saving fiat in the banks is also gambling judging by the government's way of printing new cash and how the banks operate.
What's important is how we understand the game rules and regulations and how we play our cards right.

[Rabata]

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

For Altcoins there may be similarities but also not entirely like gambling, although in practice altcoins are like betting to determine the price in the next period. I think there are a lot of differences between crypto and gambling, especially when we talk about bitcoin, even though altcoins are similarly based on luck in guessing the price. For the problem of risk, it has another meaning to connect gambling with bitcoin because in bitcoin we bet risks that are clearer, with the understanding that knowledge will minimize the risks that will occur.

Most people have not studied historically about the movement of bitcoins and they often try their luck instead of trying to analyze it instead that's why sometimes they think bitcoin is full of risks associated with gambling. Bitcoins can be considered as a store of value in the long term and this is one of the reasons that distinguish bitcoin different from gambling.

The different between gambling and investing is small different only and I think there are a lot of differences between crypto and gambling, especially when we talk about bitcoin, even though altcoins are similarly based on luck in guessing the price and  In gambling, it's more of luck or based on the performance of a team in sports betting. Also, profits can be obtained within a short period of time and Investing and gambling are common in terms of risk and involvement of money for the aim of acquiring profits.

Just as gambling requires the gambler to rely on luck, the same situation happen in some cryptocurrencies. Where if luck is good then maximum return is available in that cryptocurrency and if luck is not favor then it is totally lost. This statement is made mainly because the behavior of some cryptocurrencies is similar to gambling. However, in terms of genre, no similarity can be found with gambling and crypto currency. A gambler in gambling takes no 2nd chance. But opportunities can come again and again by holding long time in some cryptocurrencies.

[Ayebabara]

I don't think Crypto is a part of gambling family. There might be synonymous ways of doing it but they are of different categories or class of people. Gambling is fun while crypto is not for fun. When you loss in gambling the money will never come again investing in crypto has never make you a loser.

[Wend]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

If someone calls cryptocurrencies like gambling, it should not be ruled out that stocks and forex are also gambling because everything has risks, there are winners and losers. For me, I never considered crypto is gambling because gambling is just luck. While with cryptocurrencies, we need to learn many things, and winning requires a lot of combined factors, not investing blindly and relying on luck like gambling.

Exactly. Gambling is purely based from chance and luck while crypto is gained through knowledge and experience. Without them, crypto will fall as gambling. However, the only difference is that gambling mostly ends up with losing regardless how good or expert a gambler is while crypto created more opportunities for us not to lose but to attract more funds and profits especially if we are doing the right thing at the right time.

Gambling also has winners, if everyone loses, where will the money go? In any gamble, there are losers, there will be winners, and so is finance.
So it can be said that both will have some similarities. In the crypto market, when you buy bitcoins at a low price, people panic sell, and when you sell at a high price, someone buys your bitcoins. If you are a winner with a profit, someone else will lose for you. Financial markets are also gambling, they are not much different. There's no such thing as bitcoin going up, and everyone wins. The government doesn't print money to buy bitcoins for us to sell at high prices.

[Onyeeze]

Cryptocurrency is different from gambling a Cryptocurrency is not another form of gambling and I believe that Cryptocurrency should be done and explain differently from gambling and the area you can compare bitcoin with gambling is the aspect that you think of trading and gambling, so both of them have similar features and it's a trading that have a form of gambling

[SyndicateLabs]

I understand the problem of news navigation where some parties have power or influence with the public, more harmful because they simply want their own personal benefits. Just like using the Internet, we are all free to connect to everything even if the website is forbidden, so we also conclude that the Internet is a bad form that harms people? Not so, the main problem is with us, tools appear to serve people's interests, bad people abuse it as a tool of harm, and so is bitcoin, don't just take inappropriate negative cases situation in a certain country imposes the general situation, it only shows that it is a narrow view.

[ChiBitCTy]

Absolutely it should not be considered a form of gambling. Anyone who compares cryptocurrency/bitcoin to gambling, or a “form of”, has completely misunderstood the general consensus of what bitcoin is. These are the same people who couldn’t tell you what a blockchain is to save their lives, yet for some reason feel that they can describe bitcoin by comparing it to a simple form of “gambling”.

[bayu7adi]

This is similar to gambling because many people hope to make big profits by risking their assets in the market. However, in reality, it is no different from buying and selling assets in general. Just like buying gold or stocks, when supply and demand affect the asset's price, there is a change in the value of the asset someone owns.

Perhaps the crypto referred to as gambling is Binomo or Olymptrade, which was once famous for crypto investments, but it turns out that the investment mechanism is nothing more than binary options.

Trading app fraud: Police list Indra Kenz's assets for seizure

Binary Options: Trading or Gambling?

[terencio]

 I think crypto is more than just a form of gambling, because it involves innovation, technology, and social impact. However, I also acknowledge that crypto is very volatile and speculative, and that many people are attracted to it for the thrill of making or losing money.

[lizarder]

The different between gambling and investing is small different only and I think there are a lot of differences between crypto and gambling, especially when we talk about bitcoin, even though altcoins are similarly based on luck in guessing the price and  In gambling, it's more of luck or based on the performance of a team in sports betting. Also, profits can be obtained within a short period of time and Investing and gambling are common in terms of risk and involvement of money for the aim of acquiring profits.

For bitcoin it is very different from gambling because we are not involved in investing just relying on luck, but it takes proper analysis and good knowledge when trying to enter the market. Meanwhile, talking about profits depends on the capital you have, both in gambling and investing in bitcoin. Almost all forms related to money have a level of risk, so knowledge is needed to minimize investment decisions.

The problem is that people don't see investing in the right way, so it is considered that investing has a close resemblance to gambling, even though in practice it is very different and there is absolutely no resemblance between the two. There is no such thing as luck in making investments and you have to prepare the necessary strategies to make the right investments.

This statement is made mainly because the behavior of some cryptocurrencies is similar to gambling. However, in terms of genre, no similarity can be found with gambling and crypto currency. A gambler in gambling takes no 2nd chance. But opportunities can come again and again by holding long time in some cryptocurrencies.

There are only a few similarities but cannot be generalized the same, although some cryptocurrencies are considered as lucky speculation on price. Talking about second chances means being on a potential bitcoin or altcoin, but putting them all together isn't quite right because a lot of cryptocurrencies die eventually. Even if its nature must be stored in the long term it is impossible and does not provide any guarantees.

[Russlenat]

The line between gambling and investing is very thin. If someone invests without knowledge, investing in a way that relies on chance, they will call it gambling. But if someone has market research, a clear strategy, a plan, they will not consider investing as gambling. But there's also nothing wrong with saying that investing in crypto is gambling because if someone just invests in shitcoins, that person is gambling rather than investing. They are expecting a profit from chance, it is no different from gambling.

Exactly. Investing in crypto can be like gambling if you are seeing crypto as a get rich quick scheme. That way, you are here not for long term investing but you are here for luck wishing you’ll be instantly lucky and become successful with crypto without even knowing the basics at first and without making yourself aware about the real advantages of bitcoin than shitcoins. But since you invested in shitcoins because of its too good to be true promises, then crypto investing becomes gambling in the making.

[Hamza2424]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

In simple words, it's not at all gambling. for (Bitcoin).

Bitcoin is a reliable asset, for the whole crypto market such as shitcoins I think I can't give a word on it that it's not gambling because you better know the risks of Shitcoin investments. Investment cant be considered as gambling if it's done after proper research on a reliable asset but blind entry can be considered as gambling as people most of the time take blind entry in the hype of a particular token without analyzing the fundamentals.

Suh moves are just based on luck so it is gambling but if you know the fundamentals of the market and you have analyzed the asset and its future potential it is not at all gambling.

[nakamura12]

Well, if you took the literally definition of gambling and you expand that, maybe it can be correlated, but mading that ended on all your movements in life also are"gambling".

So putting money on bonds its gambling because it have a 1% risk of default. I dont think at this point we can have this discuss, this its a discussion from 2012/2015.

Crypto is also gambling because you take the risk in earning profit or losing profit when you buy crypto because crypto price is not stable or in other words volatile. As you have said, everything we do in life is also gambling and the gambling doesn't always mean that you have to spend money. If you do some research then you will see that gambling have different types and k e of it is to take risk to achieve the desired results. In crypto, you are willing to take risk in order to earn profit.

[Abiky]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Volatility is still there, so we can say crypto is a form of gambling. You could either lose it all or win big in an instant. Things are now worse than before due to the uncertainty of the global economy. Inflation, the COVID-19 pandemic, and the Russo-Ukraine war have increased the cost of living, making it harder for people to use their spare money to get into the crypto/Blockchain train. Demand for crypto assets is pretty low compared to past years.

Now the US has made matters worse with its "Anti-Crypto" agenda. The SEC is aggresively hunting down crypto exchanges with claims that most coins are securities. This affects crypto market prices, adding more uncertainty to the space as a whole. Some say the upcoming BTC halving will make things better for the industry, but there's really no guarantee things will turn out to be that way. Unless governments start treating crypto fairly and major investors pour money into the market, everything would be nothing more than just a pure gamble. I'd proceed with caution by only investing what I can afford to lose. Who knows what the future will bring to the crypto/Blockchain industry? Just my thoughts

[panganib999]

You're not playing chance with Crypto, that's one thing. It's cyclical, there's profit to be made if you learn the fundamentals of trading and how to manage your portfolio, and there are other things that you can do in order to amp your chances of getting profits. Gambling on the other hand is just linear, you don't need to learn anything besides the mechanics of the game, and moreso, you don't have to be good at it too. You basically just have to be knowledgeable enough, and you can hit the casino but that doesn't necessarily equate to winning more, especially with games of chance. Skill doesn't equate to profit whereas in trading and in crypto, it does.

Don't get us wrong, just because we take risks doesn't mean we're gamblers right here, we take calculated risks (although some degens don't lmao) and yield the profits when does risks turn out to be well-meaning. That's basically it.

[Fivestar4everMVP]

Every money making venture involves some level of risk, for some, the risk are higher while for some, the risk are lower, crypto is one of those money making ventures with a high risk, but at does not mean it's the same as gambling, crypto investing is way way far from gambling and I personally think it is actually a mistake, or should I call it, misconception to see crypto as gambling.

If crypto is to be regarded as gambling, it simply means that stocks and bonds, real estate, gold, diamond etc are all gambling since this are all assets that do not have  a stable price..

[Raflesia]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

It depends on your own perspective and of course it depends on what kind of crypto is meant here.
When it comes to shitcoins and memecoins which really only use pumps there I might agree with that statement like a gamble because regardless of anything simple it's just being there in the hope that there will be a pump there and come out with profits but when talking about bitcoin to be honest I'm not agree with the sentence gambling pinned there.
Even though in this case, in general, the concept may be the same because we are also looking for profit, but we must also be aware that the progress of bitcoin and shitcoin is different, so bitcoin is definitely one that can be used as investment material, not gambling, as they say.

[EarnOnVictor]

If so, then these British MPs should classify the stock market and securities as gambling.

I quite agree with you, because by definition, stocks and securities are gambling, even holding fiat in your hand or in the bank account is gambling as well since no one knows what could happen to its value in the next minute. Yet, I would want you to look at this from the angle of defence, those MPs were trying to back crypto rather than harming it, and that's why they came about it as "a form of gambling" to save it from more limitations through regulations.

They were trying to prove that crypto holders should be left alone to decide on their risk and fate rather than over-protecting them by regulations.

Your investment would be a gamble if you don't have any plans for it. Unlike with gambling, an investor could actually manage the risk such as putting a stop loss depending on one's preference unlike in gambling wherein once you bet n mount, either you lose or win.

You are making a very good point, and this makes it subjective. It's about how you own, use and trade your coin that would define it.

2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

They don't. If we take that definition by face value then;
• Investing in real estate,
• Buying any form of stock,
• Starting a business,
• Running for a political office,
• Even proposing to your partner.
All of the above should be considered as gambling and regulated as such.

They do not know what they are saying neither are they trying to understand it, they just want to slam some form of regulation on Bitcoin and are finding a way to justify it.

You are arguably right on this if we are going by the way of the second definition by the Oxford Dictionary which will go a long way in calling many other things, work and day-to-day activities of people gambling. I possibly don't know why it should go that far in the dictionary meaning.

If cryptocurrencies were officially regarded as a form of gambling and subject to regulation in line with that classification, restrictions or restrictions on cryptocurrency operations and investments could be introduced.  This could include limitations on trading volumes, registration or licensing requirements for exchange platforms, and measures to protect investors from potential fraud or financial risk.

That's on the contrary, and I believe it's because many of you didn't read the full story. The MPs are defending cryptocurrency so that government would not think of it as you stated above and regulate it with many limitations.

[darewaller]

The line between gambling and investing is very thin. If someone invests without knowledge, investing in a way that relies on chance, they will call it gambling. But if someone has market research, a clear strategy, a plan, they will not consider investing as gambling. But there's also nothing wrong with saying that investing in crypto is gambling because if someone just invests in shitcoins, that person is gambling rather than investing. They are expecting a profit from chance, it is no different from gambling.

No not thin, because in investing we can do an analysis but in gambling we will just bet and hope that we can get lucky. For those naive investors who just invest blindly invest on a meme coin, we can say that they are gambling. Like in gambling, once we already earn in our meme coin investment, we shouldn't re-invest on them because they will now turn into a scam.

I'm not saying that the gambling site will also turn into a scam once we win but we may not be lucky this time around. I already experienced this a lot of times though. There is nothing if you say that investing in crypto is like a gambling because both of them has a risk and reward system. The only difference of gambling is that it is entertaining.

[Kasabus]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

In simple words, it's not at all gambling. for (Bitcoin).

Bitcoin is a reliable asset, for the whole crypto market such as shitcoins I think I can't give a word on it that it's not gambling because you better know the risks of Shitcoin investments. Investment cant be considered as gambling if it's done after proper research on a reliable asset but blind entry can be considered as gambling as people most of the time take blind entry in the hype of a particular token without analyzing the fundamentals.

Suh moves are just based on luck so it is gambling but if you know the fundamentals of the market and you have analyzed the asset and its future potential it is not at all gambling.

The fact that crypto particularly bitcoin has its high potentials to make you profitable in the future simply means it’s not gambling. Because you never rely on luck to make it work but through research and development of your skills from your experiences in the crypto market. However, gambling no matter how you do research or prepare for it, it will never guarantee you to be profitable.

[Vaculin]

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Bitcoin is not gambling, only what it requires is speculation, but some people do not learn about bitcoin price history and speculation but they just want to invest, more especially during bull run when they fomo.

Most altcoins are gambling.

If you need proof that bitcoin is not gambling, I can give you detailed analysis about it as it seems more to be a store of value over long term period.

Yes. Bitcoin is not gambling because you can always be in profits with it if you know how to deal it as a long term investment. But if you just invest in bitcoin and expect quick profits because you believe it’s a get rich quick scheme, then you are not investing but certainly gambling your bitcoin. Altcoins too may not be totally form of gambling, but if you end up falling for shitcoins, no doubt you are gambling in there.

[gunhell16]

Maybe in other communities, they can think that cryptocurrency is also a gamble because they are risking their capital with no certainty that a profit will be returned. But that's why digital currency is a type of money that can be converted to our fiat.

The only difference between Fiat and Bitcoin is that it is volatile, unlike Fiat, it is not instead manipulated depending on what is happening with the inflation level. And crypto is also a kind of opportunity to us but to others it is a danger.

[dunfida]

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Bitcoin is not gambling, only what it requires is speculation, but some people do not learn about bitcoin price history and speculation but they just want to invest, more especially during bull run when they fomo.

Most altcoins are gambling.

If you need proof that bitcoin is not gambling, I can give you detailed analysis about it as it seems more to be a store of value over long term period.

Yes. Bitcoin is not gambling because you can always be in profits with it if you know how to deal it as a long term investment. But if you just invest in bitcoin and expect quick profits because you believe it’s a get rich quick scheme, then you are not investing but certainly gambling your bitcoin. Altcoins too may not be totally form of gambling, but if you end up falling for shitcoins, no doubt you are gambling in there.

Talking about future then we know that it isnt something an assured thing on which it would really be that understandable that there's no assurance whether it would really be increasing its price in the future or not.

This is why on the time that you have decided on making up some crypto investment, then always consider out on investing only on the amount which you can afford to lose as always. Gambling on the sense that
you are really that risking money to earn money but its totally different if we do speak about gambling literally. On this space we could really make out some analysis and study on which one or on where we do put our money on and if you do like on having that something assurance about investment then sticking into Bitcoin would be the wisest choice.

The key on here is that you should only invest the money which you can really afford to lose. Dont expect something positive or assurance in speaking about future because there
would really be no guarantees as always.

[Finestream]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Crypto is not a form of gambling since they have high potentials to make you successful and beneficial in the future. But that is if you stick to bitcoin and avoid shitcoins that will only make you lose than make profits. While some altcoins are also giving exceptional profits when we least expect it, but most of them end up as shitcoins so it’s better to just stick to bitcoin for safety and high security.

[Sandra_hakeem]

Seriously??? Is someone actually asking a question like this? How could you ever think about it that way - how do you even understand the term "cryptocurrency"?? Lemme just feel you were outta topics to post so you actually needed something to stir the stil air...
Cus gambling isn't shut to be compared to cryptocurrency... Is gambling a form of currency in the first place?? Or you meant to say - they've got the same criterions?? But even if that's the case, then How's that?? Even in the real-life business that we engage in, we normally come across the losses and the gains too...that's practically what makes business... I ain't seen any TRUE HODLER that complains about having 'em losses - except they'd choosed to go against the market.. BE CAREFUL WHAT YOU POST!

Sandra 🧑‍🦰

[freedomgo]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No. Crypto will never be a form of gambling because it will never rely on luck and chances alone. You are investing in crypto, particularly in bitcoin, because a lot have been experiencing real and high profits on it. And not that you only invest for luck, but you also do a lot of prior research about crypto and bitcoin before you take the risk in investing. So there’s a lot of preparation before you decide to invest, unlike gambling that you can always deal with it without the need for any research or strategy development. The reason why gambling is designed to make you lose than to see you in profits.

[Hypnosis00]

You're not betting OP nor do you think it was like a game in that we rely on luck unless you never know what you are doing. But assuming that you know about Bitcoin, I would also understand that you can also differentiate the difference between cryptocurrency and gambling without relying on what you've read in the Dictionary or any sources but just to believe what you have seen now. Because when we say "play and bet" it doesn't mean we are gambling and besides, all investments are risky and everyone has the possibility to lose if mismanage.

[BitcoinBabbler]

You're not betting OP nor do you think it was like a game in that we rely on luck unless you never know what you are doing. But assuming that you know about Bitcoin, I would also understand that you can also differentiate the difference between cryptocurrency and gambling without relying on what you've read in the Dictionary or any sources but just to believe what you have seen now. Because when we say "play and bet" it doesn't mean we are gambling and besides, all investments are risky and everyone has the possibility to lose if mismanage.

With both gambling and cryptocurrencies, there is an element of risk, and having knowledge and understanding can certainly help mitigate those risks. While luck and chance play a role in both fields, knowledge and expertise significantly influence outcomes. When it comes to cryptocurrencies, relying solely on luck and intuition without proper understanding and research can lead to wrong investment choices.

[stomachgrowls]

You're not betting OP nor do you think it was like a game in that we rely on luck unless you never know what you are doing. But assuming that you know about Bitcoin, I would also understand that you can also differentiate the difference between cryptocurrency and gambling without relying on what you've read in the Dictionary or any sources but just to believe what you have seen now. Because when we say "play and bet" it doesn't mean we are gambling and besides, all investments are risky and everyone has the possibility to lose if mismanage.

With both gambling and cryptocurrencies, there is an element of risk, and having knowledge and understanding can certainly help mitigate those risks. While luck and chance play a role in both fields, knowledge and expertise significantly influence outcomes. When it comes to cryptocurrencies, relying solely on luck and intuition without proper understanding and research can lead to wrong investment choices.

Risk levels is different on both things on which it would really be that normal to have that kind of approach on which one you would really be dealing off with. We know  that gambling is for fun and trading or investment

is really just an another form on which dealing up with crypto does really have that imposed risks but not as high when we do gamble. Somewhat when it comes to duration on how long you would be able to make
money is totally different. This is why there are people who are really that interested on playing gambling due to this kind of thing and differentiating up stuffs when it comes to duration and the easy making of money
but we arent that blind about on the risks involved.
Entertainment thing is totally different when it comes to investment or trading on which we know that these things could potentially make our lives to be financially free on the time
that you would be having a good grasps into it.

[GideonGono]

Only those who invest without proper knowledge could consider this as a gambling but those who study and analyze it call it as trading.
There is a huge difference between gambler and trader when it comes to crypto investment, trader's have skills and invest thorough chart reading while gamblers are the one's who invest through news or FOMO.

[Maslate]

You're not playing chance with Crypto, that's one thing. It's cyclical, there's profit to be made if you learn the fundamentals of trading and how to manage your portfolio, and there are other things that you can do in order to amp your chances of getting profits. Gambling on the other hand is just linear, you don't need to learn anything besides the mechanics of the game, and moreso, you don't have to be good at it too. You basically just have to be knowledgeable enough, and you can hit the casino but that doesn't necessarily equate to winning more, especially with games of chance. Skill doesn't equate to profit whereas in trading and in crypto, it does.

Don't get us wrong, just because we take risks doesn't mean we're gamblers right here, we take calculated risks (although some degens don't lmao) and yield the profits when does risks turn out to be well-meaning. That's basically it.

Both gambling and crypto take risks, but know that crypto investment may guarantee profits as long as you do the right thing like allocating your big amount of money into Bitcoin and invest for long term. While shitcoins are also crypto coins, but these are coins who's value will eventually die in the long run so investing in it is certainly a form of gambling. Gambling does not need any preparation or any plan to follow, since you can gamble anytime once you feel lucky and you have the means to gamble.

[rby]

Cryptocurrency cannot be directly compared to or equated to gambling. But there is a tone of gambling in cryptocurrency investment. In fact, there are three different kinds of activities in cryptocurrency.

• As currency
• As an investment asset
• As gambling 

Cryptocurrency can be seen as a currency because it can be used to pay for services or purchase goods. Many types of cryptocurrency are used for this purpose and that is why it is called a currency.

Again, cryptocurrency can be seen as an investment because of the volatility of the price. Some people will buy it and hold as a stock or an asset and allow it to appreciate and they will withdraw their profit.

Finally cryptocurrency can also be seen as gambling because you are staking something and you are not sure of the outcome by tomorrow. This being said, cryptocurrency is a mixture of all and a very unique technology that will remain in the mainstream of human advancement.

[Ale88]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Whoever wrote that article probably 1) had no idea was he was talking about 2) it was a clickbait title. Or maybe even a mix of the two. Every single investment has some risks, there are no risk-free investments. At this point it depends how we want to call that risk, some people could call it gambling of course but it doesn't make a lot of sense for me. If you do your research you're not gambling, you're investing. Would someone ever call Warren Buffet a gambler? I don't think so.

[someone703]

While gambling is often associated with a higher probability of loss in the long run, cryptocurrency investing can offer growth opportunities and potential profits when given access to knowledge and expertise. It is true that the cryptocurrency market offers many different avenues to potentially raise money and generate profits with the right strategies and timing. However, crypto investments still carry inherent risks. Markets can be highly volatile, and factors such as regulatory changes, market sentiment, and technological developments can have a significant impact on prices. While crypto investments can offer opportunities for financial growth, it's important to approach them with a calculated and well-informed mindset, recognizing both potential rewards and related risks.

[SmartCharpa]

The majority of guys always tell me not to invest in cryptocurrencies because I'll lose my money if they drop; in my opinion, they are also related to gambling because most people get involved with them and some people who cannot make long-term investments cannot handle the risk. Crypto is also related to gambling because most people get involved with it. Even if you tell someone they should invest in cryptocurrency right now without explaining the risks, nobody will believe you, and even if they do, some people would view it as a sort of gambling.

[lepbagong]

The majority of guys always tell me not to invest in cryptocurrencies because I'll lose my money if they drop; in my opinion, they are also related to gambling because most people get involved with them and some people who cannot make long-term investments cannot handle the risk. Crypto is also related to gambling because most people get involved with it. Even if you tell someone they should invest in cryptocurrency right now without explaining the risks, nobody will believe you, and even if they do, some people would view it as a sort of gambling.

almost all will say the same thing as what you think, that investing in bitcoin will always have the connotation of gambling / gambling, but if you study it as best you can, you can be sure that the connotation will soon change by itself. it's not too different when we invest in stocks, where everyone will guess where the stock will go and not, and so will bitcoin, but instead bitcoin has the certainty that there will always be an era of halving periods, which will make bitcoin move better, even though it does take a long time.
if it is based on risk, all investments will always have risks but if studied properly it will reduce the risks that will occur.

[Venik]

With most altcoins - yes, definitely. But not with Bitcoin. At least if you are here in the long-term. Short-term trading is kinda like gambling too.

[fruktik]

With both gambling and cryptocurrencies, there is an element of risk, and having knowledge and understanding can certainly help mitigate those risks. While luck and chance play a role in both fields, knowledge and expertise significantly influence outcomes. When it comes to cryptocurrencies, relying solely on luck and intuition without proper understanding and research can lead to wrong investment choices.

        Somehow I somehow missed the moment when crypto is compared with gambling. I don't remember this ... It is possible that you are considering only a speculative component. In all other cases, this is not the case. Blockchain technology with its derivatives was invented and implemented in order to replace (as planned) the current financial system, get rid of the monopoly and oppression of the banking system.
         Are you at risk when you make a transfer if it is carried out without errors? I don't think so. For several years now, humanity has had the opportunity to transfer money to anywhere in the world anonymously and without huge commission fees.

[justdimin]

Risk levels is different on both things on which it would really be that normal to have that kind of approach on which one you would really be dealing off with. We know  that gambling is for fun and trading or investment

is really just an another form on which dealing up with crypto does really have that imposed risks but not as high when we do gamble. Somewhat when it comes to duration on how long you would be able to make
money is totally different. This is why there are people who are really that interested on playing gambling due to this kind of thing and differentiating up stuffs when it comes to duration and the easy making of money
but we arent that blind about on the risks involved.
Entertainment thing is totally different when it comes to investment or trading on which we know that these things could potentially make our lives to be financially free on the time
that you would be having a good grasps into it.

I think it's quite important to calculate the risk levels, that's the risk management part of crypto trading and that makes it so much more profitable for most people. I understand that some people are completely mad men when they are trading and they do all kinds of crazy stuff, and that's who they are so I understand it. Think about it this way, there are people who jump off airplanes with parachute as well, would any "normal" person do that, why would I want to jump off an airplane?

Even if I survive and there are 100 million tons of cottons everywhere and I have 8 different alternative parachutes just in case, why would I ever want to do that? Yet some people do, that's their thing, they love adrenaline, and they may find this type of trading more fun as well.

[Texac]

With most altcoins - yes, definitely. But not with Bitcoin. At least if you are here in the long-term. Short-term trading is kinda like gambling too.

Why only altcoins and not bitcoins?  for me, cryptocurrency will be gambling if you invest without knowledge, conversely, if you invest with knowledge, skills, and experience, it is not gambling. it all depends on one's point of view, gambling or cryptocurrency is just one way for us to achieve our goals. I don't care what we call them, I just care if they help us or not.  If gambling can give me a steady return, I will also choose gambling instead of investing.

[dwminer1]

I disagree with the statement that crypto is a form of gambling. Investing in Bitcoin and other cryptocurrencies obviously comes with risks, but so is any investment. A conscious and well-thought-out decision allows you to significantly reduce this risk. When throwing the dice or playing roulette, you can only count on luck and that is gambling.

[uneng]

When you gamble the decisive factor which will determine the final result is luck. When you invest in BTC the decisive factor are the fundamentals behind the cryptocurrency which proportionate real benefits and accessibility for its adopters. So it's a logical thought to suppose the tendency is that Bitcoin gains more acceptance and adoption on long term, as it is already happening since the beginning. There are strong predictions pointing that way, including its history so far, so I think it's not gambling. It's an investment.

[tjtonmoy]

2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Every investment involves risks, not only just crypto investment. But as in every investment, you can take risk managements, it is no different in crypto investment. In gambling, the win or loss outcome will be 50/50. In crypto, you can choose what you are willing to lose and what should be the limit. Also gambling does not require any skills or strategy to get the best outcome. It depends on your luck. On the other hand, in crypto you need analysis skill, strategy, experience and knowledge in order to do it properly. Cryptocurrency, if chosen correctly, it can make you successful in the long run. That's not the case in gambling, is it?

Gambling and cryptocurrency does overlap in some ways, but having control over cryptocurrency investment makes it different from gambling. Those who invest in cryptocurrency without knowing anything and totally depends on luck will consider this as gambling. No doubt that they are different. So I don't agree with those UK's MPs. They are wrong, and that's the truth. Many will also see it as gambling, but it's their own opinion.

[lepbagong]

I disagree with the statement that crypto is a form of gambling. Investing in Bitcoin and other cryptocurrencies obviously comes with risks, but so is any investment. A conscious and well-thought-out decision allows you to significantly reduce this risk. When throwing the dice or playing roulette, you can only count on luck and that is gambling.

it is indeed difficult to give a certain definition of gambling and there are still many who interpret that crypto is gambling, where I also agree with you that something is very different and can be seen clearly, when it comes to any risk involved in investing you can be sure that it will have a risk where the risk it can depend on the situation, the more we are able to minimize the situation, the more we will be able to reduce the risk that the worst will happen. in crypto we are able to carry out the smallest possible risk by being able to continue to analyze every movement even with long-term investments the risk will be even smaller. agree with you friends, when gambling, we only rely on luck in which direction we will get, there are only wins and losses, but in crypto we are given the opportunity to be able to analyze properly before making a choice, there is even certainty that it will increase in time if you want to be patient.

[Gallar]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I do not agree if crypto is called gambling, because it is clear that crypto assets are in the form of assets to invest and to be traded on the crypto market. Because in the crypto world too, there are sciences that must be learned and must be understood by investors, so that they can minimize losses and so that they can be closer to profits. So if that's the case, crypto cannot be called gambling, because when you want to invest or trade in crypto, you always need something called knowledge, such as analyzing the market sentimentally or fundamentally.

But if there is a crypto investor who is still new and keeps trying to trade or trying to invest, but from a scientific point of view it has not been explored, and only relies on luck. So if there are crypto investors like that, maybe they can be called gamblers, because there is no science yet, but they have the courage to invest.

So in conclusion, crypto assets cannot be called gambling, because basically crypto is an investment and trading asset. But what can turn crypto assets into a gamble, is because a crypto investor just joins in, because he only sees other people succeed, and then invests in crypto,and relying solely on luck without studying mature science.

[LittleBitFunny]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I do not agree if crypto is called gambling, because it is clear that crypto assets are in the form of assets to invest and to be traded on the crypto market. Because in the crypto world too, there are sciences that must be learned and must be understood by investors, so that they can minimize losses and so that they can be closer to profits. So if that's the case, crypto cannot be called gambling, because when you want to invest or trade in crypto, you always need something called knowledge, such as analyzing the market sentimentally or fundamentally.

But if there is a crypto investor who is still new and keeps trying to trade or trying to invest, but from a scientific point of view it has not been explored, and only relies on luck. So if there are crypto investors like that, maybe they can be called gamblers, because there is no science yet, but they have the courage to invest.

So in conclusion, crypto assets cannot be called gambling, because basically crypto is an investment and trading asset. But what can turn crypto assets into a gamble, is because a crypto investor just joins in, because he only sees other people succeed, and then invests in crypto,and relying solely on luck without studying mature science.

It all depends on each person's knowledge, if you have no knowledge of investing and your investment in gold or stocks will also be considered gambling, not investment. Cryptocurrencies, stocks… all are just methods for us to use to make money, and whether it will be a gamble or an investment depends on our own decision. Even the people who create casinos and get rich from it, they will never call it gambling, what they are doing is investing and doing business.

[Farma]

Cryptocurrency cannot be directly compared to or equated to gambling. But there is a tone of gambling in cryptocurrency investment. In fact, there are three different kinds of activities in cryptocurrency.

• As currency
• As an investment asset
• As gambling 

Cryptocurrency can be seen as a currency because it can be used to pay for services or purchase goods. Many types of cryptocurrency are used for this purpose and that is why it is called a currency.

Again, cryptocurrency can be seen as an investment because of the volatility of the price. Some people will buy it and hold as a stock or an asset and allow it to appreciate and they will withdraw their profit.

Finally cryptocurrency can also be seen as gambling because you are staking something and you are not sure of the outcome by tomorrow. This being said, cryptocurrency is a mixture of all and a very unique technology that will remain in the mainstream of human advancement.

yes, even though it is very clear that in the name of crypto there is the word "curreny", so cryptocurreny is an alternative to crypto-based exchange tools on the internet. however, like currency, it can be used as a medium of exchange, investment, trading, or even gambling. so, if we see crypto as gambling, then make sure that its use is for gambling. so, I think the benefit depends on who is using it.

[Abiky]

Only those who invest without proper knowledge could consider this as a gambling but those who study and analyze it call it as trading.
There is a huge difference between gambler and trader when it comes to crypto investment, trader's have skills and invest thorough chart reading while gamblers are the one's who invest through news or FOMO.

I guess we can call it that way. But how do you explain the volatile market prices? Unlike stocks, crypto has wild fluctuations in price that could either make you poor or rich in an instant. The risk of loss is simply too high to bear. I understand traders are making money within the ups and downs, but they're certainly gambling due to the unpredictable nature of crypto. Unless the world ditches the Fiat standard in favor of the Bitcoin standard, I don't see this changing anytime soon.

I'm hoping Fiat collapses so people start valuing things in BTC terms. We don't know when this will happen (if it ever will) as banks will do everything in their power to avoid being left behind in the dust. At least, mainstream governments are beginning to take crypto/Blockchain tech seriously. Who knows what the future holds for the industry? Just my thoughts

[pixie85]

Crypto can be understood in a number of ways and I don't like this word because it's too general.

Some ETH tokens are sometimes called gambling tokens and the exchanges that offer them are called crypto casinos. For instance HEX is a total worthless shitcoin, but has a good number of followers who don't get that. Another good example of gambling tokens were coins that included the name bitcoin in them just to pump the price like "bitcoin turbo koin" that most people don't even remember.

At the same time bitcoin is often included in this group of "cryptos" and it shouldn't be because although it is a cryptocurrency it's fully decentralized, without an issuer and a CEO standing behind it.

[retreat]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

It is not surprising that MP likens Bitcoin to a new model of gambling because it consists of boomers who don't want to accept the development of Bitcoin and don't even understand what Bitcoin is. Maybe it's because they think that Bitcoin doesn't have any assets to back it up and there's a lot of speculation surrounding it, they think that people who hold it are like gambling and they equate it with gambling, even though gambling and Bitcoin are two different models. Bitcoin has potential and a future, it also has use cases and people who still hold it even when the Bitcoin market is hit by negative issues. That's what makes Bitcoin cannot be equated with gambling, because it has potential in the future.

[DaNNy001]

As I have been corrected so many times by users@JayJuanGee, here on the concept and application of the word crypto in any of discussion, I would like to clear that it actually involves a wide range of other assets like the shitcoins people actually hold in high regard of it pumping up and if this term is actually what the Op or the reference link is trying to emphasize on then i would  agree with that because of these altcoins are just like gambling and its involves high risk of you loosing your assets which is same feat with how gambling works.

[coolcoinz]

Yes, it is, if you're investing in shitcoins.

Some people will disagree and say that all of this is trading and trading isn't gambling, but how do you trade pump and dump tokens? How do you trade scams like bitconnect? Is risking money buying crypto MLMs trading, or is it gambling? Is buying coins with large premine investing, or gambling? The insiders can dump 20% of the supply on you at any moment and you won't be able to do anything. That's not trading.

It's the same when people trade with very high leverage like on okex that allowed 100x. That's gambling, nothing else.

[Lanatsa]

Yes, it is, if you're investing in shitcoins.

Some people will disagree and say that all of this is trading and trading isn't gambling, but how do you trade pump and dump tokens? How do you trade scams like bitconnect? Is risking money buying crypto MLMs trading, or is it gambling? Is buying coins with large premine investing, or gambling? The insiders can dump 20% of the supply on you at any moment and you won't be able to do anything. That's not trading.

It's the same when people trade with very high leverage like on okex that allowed 100x. That's gambling, nothing else.

Why people invest on shitcoins?

1. They do love on seeing their ports increasing 2x-10x-100x easy
2. They do already picturing out on being a millionaire
3. Getting dragged with the hype
4. Blindly making investment decisions and just simply throw off some bucks and expecting something into it.

This is why we do really end up on this kind of option or situation on which we do baghold lots of shitcoins because of having those kind of unrealistic approach and expectations towards coins.
Crypto investment would really be turning out to be gambling if you arent really applying any analysis into it. You cant really just simply put up money then
expect on becoming rich. You would really be still needing to study and make out some research on when and what projects you should really investing into.

[Japinat]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Crypto may be considered a form of gambling for those who are taking risk unknowingly. Since they are not aware on how to deal with it and knows nothing about risk management, then most likely everything will fall into gambling. But for everyone who has high knowledge and made lot of experiences from crypto, knowing it gives certain profits as long as you do it will skills and working strategies, then it’s too far from the outcome of gambling.

[Mate2237]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Op you would have inserted the newspapers link here for easy access. I don't think you understood the newspaper, how can a whole newspaper said cryptocurrency as a whole is gambling. If they narrow it to a part like trading and investment, it would have been better. I still believe that they cannot cryptocurrency as gambling scenario. Cryptocurrency is not even a game or whatever it is an asset so how does an asset related to gambling.

Your looking there f dictionary is was even a waste of time. You would have just make the analysis by yourself then everything would be fine. Like as I differentiate the gambling from the other areas of cryptocurrency.

Cryptocurrency will never and ever be a gambling. Op the definition or the example you gave, does it look like cryptocurrency? Be wise. Always drop link for such thread.

[Victorik]

Me thinks they are just looking for unjustifiable reasons to clamp down on crypto. If they say crypto currency is another form of gambling, then stock market is also a form of gambling, because to me, they are similar just that one deals in digital currencies.

[Blitzboy]

Only those who invest without proper knowledge could consider this as a gambling but those who study and analyze it call it as trading.
There is a huge difference between gambler and trader when it comes to crypto investment, trader's have skills and invest thorough chart reading while gamblers are the one's who invest through news or FOMO.

I guess we can call it that way. But how do you explain the volatile market prices? Unlike stocks, crypto has wild fluctuations in price that could either make you poor or rich in an instant. The risk of loss is simply too high to bear. I understand traders are making money within the ups and downs, but they're certainly gambling due to the unpredictable nature of crypto. Unless the world ditches the Fiat standard in favor of the Bitcoin standard, I don't see this changing anytime soon.

I'm hoping Fiat collapses so people start valuing things in BTC terms. We don't know when this will happen (if it ever will) as banks will do everything in their power to avoid being left behind in the dust. At least, mainstream governments are beginning to take crypto/Blockchain tech seriously. Who knows what the future holds for the industry? Just my thoughts

You've got a sharp eye for crypto market swings. But let's not paint volatility as the villain; it opens doors to potentially high returns, a common feature in risk-reward scenarios across traditional markets. Dismissing crypto trading as mere gambling overlooks the fact that it's a game of strategic risk. Traders employ intricate tools and tactics for market forecasting and risk cushioning. Moreover, investing in a crypto bouquet further dilutes risk exposure.

On the Fiat-to-Bitcoin shift, it's a captivating thought. A Fiat crash might speed up Bitcoin acceptance, but such a tectonic shift seems distant. More likely, we'll see Bitcoin and brethren sharing the stage with Fiat, as viable alternatives. Your note on banks and governments echoes the rising awareness of blockchain' prowess. It's a promising signpost for the industry' horizon.

[uche6215]

Never be, how do you gamble bitcoin? Is it by the prediction? Bitcoin is unstable because of the market price of demand and supply. Is gambling forbid in UK? If not then there is no need to panick and they can only accused bitcoin of being a gamble which is not truth. And they can't threat the way they are threating gambling to bitcoin. Bitcoin is unique and untouchable. The matter what they do to stop bitcoin with different accusations yet it will not work for them. Instead they will join the blockchain for their benefits. "If they can't beat it then they have to join it".

[bayu7adi]

Gambling? There are only two options: either your assets vanish or they multiply. However, Bitcoin has no association with that unless you activate derivative functions such as those on Binance Futures.
Bitcoin operates on a trust system built upon Blockchain technology. Its movements are purely driven by supply and demand dynamics.

To this day, many people believe in Bitcoin because it is decentralized and has a limited supply. As a result, demand will persist as long as major institutions continue to adopt BTC.

Thus, everyone will leverage its volatility function to their advantage.

[Woodie]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

I guess the UK MPs were working on some crypto regulatory  framework and since this is some new territory for them,  they probably went for the next best thing which happened  to be gambling, which is forgivable knowing they have no interest in BTC and cryptocurrencies.

But then again, to classify crypto as a form of gambling could  be a sign of laziness on their side and went for the shortcut,  hope they give crypto the time it deserves while they draw the regulatory framework !!

Me thinks they are just looking for unjustifiable reasons to clamp down on crypto. If they say crypto currency is another form of gambling, then stock market is also a form of gambling, because to me, they are similar just that one deals in digital currencies.

They are just being lazy  to be honest, why not ask other countries how they have managed to regulate  crypto  without classifying it as gambling.

[Ojima-ojo]

The thing is that altcoins are shit coins and there are created specifically for speculation and that is the characteristic of gambling so at that we have to differentiate between altcoins from other solid coins like bitcoin which is far from gambling as say, may be classified under the high-risk investment just like every other stock asset.


The statement is right in some ways and if you critically look at what the behavior of most cryptocurrencies have been, it will become more clear what to make of this statement.

[Bushdark]

It doesn't matter whether they see Bitcoin as gambling or not, that will not stop us from investing in it. Bitcoin is more of an asset and currency that can be use to pay for services and make transactions. There had been so many calls for the government to regulate cryptocurrency and now we are seeing that this is already happening, it is going to give the government a chance to supervise every corners of cryptocurrency making it hard for our privacy to be kept safe from the government.

[serjent05]

Me thinks they are just looking for unjustifiable reasons to clamp down on crypto. If they say crypto currency is another form of gambling, then stock market is also a form of gambling, because to me, they are similar just that one deals in digital currencies.

I agree, it is one way of devaluing the importance of cryptocurrency.  Since these people are frustrated that they can't control cryptocurrency, they are now into spreading misinformation about cryptocurrency and spreading the idea that cryptocurrency investment is akin to crypto gambling.  Investment is way different from gambling since investment has several factors to mitigate risk while gambling has none since it is the risk itself.

It doesn't matter whether they see Bitcoin as gambling or not, that will not stop us from investing in it. Bitcoin is more of an asset and currency that can be use to pay for services and make transactions. There had been so many calls for the government to regulate cryptocurrency and now we are seeing that this is already happening, it is going to give the government a chance to supervise every corners of cryptocurrency making it hard for our privacy to be kept safe from the government.

A person who has knowledge about cryptocurrency will just laugh at the thought of cryptocurrency investment as gambling, and only naive and newbie people will fall for this misinformation.

[DoublerHunter]

Never be, how do you gamble bitcoin? Is it by the prediction? Bitcoin is unstable because of the market price of demand and supply. Is gambling forbid in UK? If not then there is no need to panick and they can only accused bitcoin of being a gamble which is not truth. And they can't threat the way they are threating gambling to bitcoin. Bitcoin is unique and untouchable. The matter what they do to stop bitcoin with different accusations yet it will not work for them. Instead they will join the blockchain for their benefits. "If they can't beat it then they have to join it".

^ Yes you are right, you are in the right investment if you choose BTC as your investment because that is safe.
But OP talking about crypto which is all cryptocurrency, so if you invest shitcoin or meme coins, that is considered gambling for me since you don't know what will happen to these coins in the future not like BTC which was proven and tested already. It should be that knowledgeable investors can analyze and make decisions based on available information and analysis, reducing the reliance on chance.

[Abiky]

Gambling? There are only two options: either your assets vanish or they multiply. However, Bitcoin has no association with that unless you activate derivative functions such as those on Binance Futures.
Bitcoin operates on a trust system built upon Blockchain technology. Its movements are purely driven by supply and demand dynamics.

To this day, many people believe in Bitcoin because it is decentralized and has a limited supply. As a result, demand will persist as long as major institutions continue to adopt BTC.

Thus, everyone will leverage its volatility function to their advantage.

It all depends on the type of cryptocurrency you're choosing. If you choose Bitcoin, there's no risk of losing it all in the long run. It keeps going higher in market price due to the way it was designed. Short-term speaking, BTC will go down. But you should take that opportunity to buy as much coins as you can to prepare yourself for the next bull run.

I'd say altcoins are truly a gamble because they're extremely-unpredictable. Many of them have no real utility and are only driven by hype. This could make you lose all of your investment in an instant if people move on to the next big thing in crypto. The situation is worse with "meme" coins such as Dogecoin, and Shiba Inu. If you're going this route, I'd suggest you diversify your investment to minimize losses as much as possible. Who knows where the crypto market will go to next? Just my thoughts

[Victorik]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

I guess the UK MPs were working on some crypto regulatory  framework and since this is some new territory for them,  they probably went for the next best thing which happened  to be gambling, which is forgivable knowing they have no interest in BTC and cryptocurrencies.

But then again, to classify crypto as a form of gambling could  be a sign of laziness on their side and went for the shortcut,  hope they give crypto the time it deserves while they draw the regulatory framework !!

Me thinks they are just looking for unjustifiable reasons to clamp down on crypto. If they say crypto currency is another form of gambling, then stock market is also a form of gambling, because to me, they are similar just that one deals in digital currencies.

They are just being lazy  to be honest, why not ask other countries how they have managed to regulate  crypto  without classifying it as gambling.

The least they can do it to research about it since they are not knowledgeable about crypto and not just it a blanket condemnation of being a form of gambling. It's really irritating to see people who claim to be educated talking like a bunch of illiterate.

[Victorik]

Me thinks they are just looking for unjustifiable reasons to clamp down on crypto. If they say crypto currency is another form of gambling, then stock market is also a form of gambling, because to me, they are similar just that one deals in digital currencies.

I agree, it is one way of devaluing the importance of cryptocurrency.  Since these people are frustrated that they can't control cryptocurrency, they are now into spreading misinformation about cryptocurrency and spreading the idea that cryptocurrency investment is akin to crypto gambling.  Investment is way different from gambling since investment has several factors to mitigate risk while gambling has none since it is the risk itself.

No matter the amount of misinformation, they can spread their fake news any how they want, but the fact remains that they will still fail at it. How can they say that crypto is a form of gambling? It doesn't even sound sensible.

[Blitzboy]

Gambling? There are only two options: either your assets vanish or they multiply. However, Bitcoin has no association with that unless you activate derivative functions such as those on Binance Futures.
Bitcoin operates on a trust system built upon Blockchain technology. Its movements are purely driven by supply and demand dynamics.

To this day, many people believe in Bitcoin because it is decentralized and has a limited supply. As a result, demand will persist as long as major institutions continue to adopt BTC.

Thus, everyone will leverage its volatility function to their advantage.

It all depends on the type of cryptocurrency you're choosing. If you choose Bitcoin, there's no risk of losing it all in the long run. It keeps going higher in market price due to the way it was designed. Short-term speaking, BTC will go down. But you should take that opportunity to buy as much coins as you can to prepare yourself for the next bull run.

I'd say altcoins are truly a gamble because they're extremely-unpredictable. Many of them have no real utility and are only driven by hype. This could make you lose all of your investment in an instant if people move on to the next big thing in crypto. The situation is worse with "meme" coins such as Dogecoin, and Shiba Inu. If you're going this route, I'd suggest you diversify your investment to minimize losses as much as possible. Who knows where the crypto market will go to next? Just my thoughts

Your claim of Bitcoin as a risk-free long-haul asset is a contentious one. Its architecture and finite supply do add worth, but lets not forget the inherent fluctuation and crypto market' capricious nature. Future value prediction is a tricky business involving supply-demand dynamics, policy landscape, and tech strides. On the altcoin front, terming them a reckless bet is an oversimplification. True, some are hype-chasers, while others could disrupt sectors like finance, supply chain, or data protection. The strategy? Bet on altcoins with solid use-cases and staying power.

"Meme" coins, say Dogecoin or Shiba Inu, are high-stake games, courtesy of their speculative aura. Yet, their buzz highlights the community sentiment's sway in the crypto sphere. Yes, spread your investments, but guided by solid research

[Marvell1]

Gambling? There are only two options: either your assets vanish or they multiply. However, Bitcoin has no association with that unless you activate derivative functions such as those on Binance Futures.
Bitcoin operates on a trust system built upon Blockchain technology. Its movements are purely driven by supply and demand dynamics.

To this day, many people believe in Bitcoin because it is decentralized and has a limited supply. As a result, demand will persist as long as major institutions continue to adopt BTC.

Thus, everyone will leverage its volatility function to their advantage.

It all depends on the type of cryptocurrency you're choosing. If you choose Bitcoin, there's no risk of losing it all in the long run. It keeps going higher in market price due to the way it was designed. Short-term speaking, BTC will go down. But you should take that opportunity to buy as much coins as you can to prepare yourself for the next bull run.

I'd say altcoins are truly a gamble because they're extremely-unpredictable. Many of them have no real utility and are only driven by hype. This could make you lose all of your investment in an instant if people move on to the next big thing in crypto. The situation is worse with "meme" coins such as Dogecoin, and Shiba Inu. If you're going this route, I'd suggest you diversify your investment to minimize losses as much as possible. Who knows where the crypto market will go to next? Just my thoughts

Once invested in bitcoin, there is always a risk whether you invest short term or long term because we cannot know what will happen in the future, and its future is still uncertain. Bitcoin's popularity and legitimacy are still growing day by day, but it's still not big enough to warrant a solid future for it.

I agree, investing in altcoins is more like gambling, but there are many good and worth investing altcoins like bitcoin, such as ETH or BNB, not all of them are gambling when it comes to altcoins. Investing in altcoins is really too risky, but in return, the returns are significant, if not larger than bitcoin.

[Z390]

If that's the case I would rather gamble with crypto than going to a casino to gamble my money, because it's easier to gamble with crypto and win wonderfully well, all you have to do is spread your money among good five or seven projects then wait and relax for a while, there is no you gambling to get your result that exact day and you are gambling against the house, gambling is all about how you can get lucky and crypto is about how you manage your portfolio.

[SamReomo]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I don't agree with that because crypto isn't a form of gambling, and comparing it into gambling isn't a fair thing. Crypto-currencies are  type of currencies which can go up or down in value and they can be used to purchase goods, while gambling is so different from that concept because in gambling you either win or lose, and when you lose you have no way to recover the lost money. In the cryptos one can invest the money and the returns can be very good if the currency gets higher in value. In gambling we place bets and if they go wrong we lose everything. Crypto-currencies can have many uses while gambling is just for entertainment and earning some extra money if you are lucky. It's totally unfair to compare those two as a single thing.

[Mauser]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

It is obviously not a form of gambling as it’s not a game of chances, I assume that both point 1 & 2 are needed to be classified as gambling and point 1 is not true. In case crypto currencies would classify as gambling than so should all the other financial assets we can buy and sell on exchanges. When buying stocks or commodities isn’t it the exact same thing as buying crypto currencies? I buy a financial product which value fluctuates freely and I hope that in the future the price will be higher than when I bought it. In all the cases it involves risk as the price could drop considerably overnight and would lead to a big loss. The reward we get through higher prices in the future is the compensation for the high risk we take to face a loss. If there are any constraints coming in the future, they should also come for people buying stocks and commodities, it's not fair to single out crypto currencies alone. For me the difference ebtween gambling and cryptos is that gambling happens in a fixed environemnt, the casino knows before the chances of winning and losing. Whereas with crypto currencies nobody knows the exact value of a currency beforehand and there is a lot of fluctuation in the market.

[posi]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Have you seen anyone get rich by gambling? As for me, I've never seen anyone like that. But with cryptocurrencies, as we all know, there are many people who have become rich and changed their lives by investing in cryptocurrencies, especially bitcoin. So I totally object if someone says that cryptocurrency and gambling are the same. People who say such are ignorant and they only say what they think. It's not worth bothering with those nonsense words.

[Farma]

It doesn't matter whether they see Bitcoin as gambling or not, that will not stop us from investing in it. Bitcoin is more of an asset and currency that can be use to pay for services and make transactions. There had been so many calls for the government to regulate cryptocurrency and now we are seeing that this is already happening, it is going to give the government a chance to supervise every corners of cryptocurrency making it hard for our privacy to be kept safe from the government.

However, if we care about them, and if it is the people who are close to us, then we need to explain to them the difference between gambling and crypto. if it wasn't like that, then they might easily spread the word in society that it was gambling, and it might look bad for us if we cared about our surroundings.
I have experienced incidents that people who are near me think that crypto is forex. then I explain that it's not just forex but alternative currencies, investments, and others, and explain it deeper so they understand.

[GigaBit]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

I don't agree with that because crypto isn't a form of gambling, and comparing it into gambling isn't a fair thing. Crypto-currencies are  type of currencies which can go up or down in value and they can be used to purchase goods, while gambling is so different from that concept because in gambling you either win or lose, and when you lose you have no way to recover the lost money. In the cryptos one can invest the money and the returns can be very good if the currency gets higher in value. In gambling we place bets and if they go wrong we lose everything. Crypto-currencies can have many uses while gambling is just for entertainment and earning some extra money if you are lucky. It's totally unfair to compare those two as a single thing.

Obviously there are spread differences between crypto and gambling. Although the purpose of both the users is similar but there are completely different based on the characteristics. Many critics sometimes compare crypto to gambling because of its rapid rise and fall, but that has nothing to do with reality. An investor won't be completely bankrupt if an investment in crypto loses its value, but if a gambling bet is lost, it will be lost forever. Another big advantage in crypto is that there is a chance of recovery after the investment goes down which is not possible in gambling.

[Bitcoin_people]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Gambling and crypto investing are not the same but two different processes. When a person bets to increase his money on a gambling platform, he is definitely at risk. Gambling is always losing and losing money so gambling can never be a part of investment. However, there is no downside to investing. However, if the Altcoins are invested for a long time, it can turn into a scam. But Bitcoin is an investment-transparent virtual currency that is a future-proof asset. So investing is a better place than gambling where there is no fear of losing your money. Most of the time people get hurt by gambling, so investing in Bitcoin is the best way to do it.

[xSkylarx]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Have you seen anyone get rich by gambling? As for me, I've never seen anyone like that. But with cryptocurrencies, as we all know, there are many people who have become rich and changed their lives by investing in cryptocurrencies, especially bitcoin. So I totally object if someone says that cryptocurrency and gambling are the same. People who say such are ignorant and they only say what they think. It's not worth bothering with those nonsense words.

Ive seen one, but it doesn't mean that we also follow it, as he just got lucky to win the lottery, and we don't have the same luck to win that lottery. For others who are treating trading as gambling, that is for sure. I don't see or know anyone who got rich using that method because that is not a strategy; it is just a guess on where the price goes. Though you are right, we can't stop others from doing it, but for sure they will realize it later on.

[mendace]

Gambling and crypto investing are not the same but two different processes. When a person bets to increase his money on a gambling platform, he is definitely at risk. Gambling is always losing and losing money so gambling can never be a part of investment. However, there is no downside to investing. However, if the Altcoins are invested for a long time, it can turn into a scam. But Bitcoin is an investment-transparent virtual currency that is a future-proof asset. So investing is a better place than gambling where there is no fear of losing your money. Most of the time people get hurt by gambling, so investing in Bitcoin is the best way to do it.

You can't compare Bitcoin to a game of chance it's simple madness. Bictoin is a protocol or a series of precise rules that can never determine an agreed winner and cannot be violated. Gambling, on the other hand, is a lie created by man to fleece the weakest, those who truly believe they have won. I don't see how the most beautiful computer code ever written can be compared with the greatest nonsense created by man.

[synchronym]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Crypto currency is a digital currency in my opinion it is not fair to compare this currency with gambling. Many people are succeeding by investing money in the crypto market where the price of the crypto currency rises. I have seen people who invest in Bitcoin make good profits if they invest for a long time. And gambling is completely different, it is played by placing bets, people suffer a lot through this gambling, it does not bring success in anyone's life through gambling. You must understand that crypto currency is a digital currency, it is not a symbol of gambling.

[nimogsm]

Part yes this wording fits and i will explain why. We all remember how many tokens came out where the developers promised big profits, but you only need to buy their token. Yes, it's basically a gambling game. Or, for example, the same meme tokens, they do not carry a useful function, but have only speculative interest, and for many investors it is like a game.

[ZAINmalik75]

Crypto currency is a digital currency in my opinion it is not fair to compare this currency with gambling. Many people are succeeding by investing money in the crypto market where the price of the crypto currency rises. I have seen people who invest in Bitcoin make good profits if they invest for a long time. And gambling is completely different, it is played by placing bets, people suffer a lot through this gambling, it does not bring success in anyone's life through gambling. You must understand that crypto currency is a digital currency, it is not a symbol of gambling.

I agreed with you about this but as hatters are trying to mix things for years it's also their another opinion about this crypto world which is giving good ways for the many those want to live independent and having better things in life just because of crypto.
Gambling is involved in many ways not only in crypto it's also having availability in other things as well but never anyone talk about this which is surely biased thing from them gambling never gives you life which is currently having just because of the crypto and gambling never allow peoples to be rich as we have in crypto world just need to understand fundamental of this all, and surely you will be in positive side of the crypto.

[salad daging]

Part yes this wording fits and i will explain why. We all remember how many tokens came out where the developers promised big profits, but you only need to buy their token. Yes, it's basically a gambling game. Or, for example, the same meme tokens, they do not carry a useful function, but have only speculative interest, and for many investors it is like a game.

It's a shitcoin what the developers want is profit not a long term project gap plus now the crypto community is more swayed on an obscure coin of course they expect very high returns with 100x of course it's like a gamble no clear use in the project.
but when compared to some of the other top coins maybe it will be different and not considered gambling because the coin has survived until now of course there will definitely be another increase to take profits.

To me only obscure cryptos can be considered gambling.

[CryptoHeadlineNews]

Part yes this wording fits and i will explain why. We all remember how many tokens came out where the developers promised big profits, but you only need to buy their token. Yes, it's basically a gambling game. Or, for example, the same meme tokens, they do not carry a useful function, but have only speculative interest, and for many investors it is like a game.

But yet that doesn't justify the fact that cryptocurrency is to be classified as gambling, because though they might have some slight similarities, it still have features which differentiate it from gambling, such as the volatility nature of it's market enabling price to rise or fall depending on the demand and supply. Morever, when it comes to gambling, a user is only allowed to stake/bet/gamble with his/her fund once & stand the chance to either win if his prediction was correct or loses his entire fund if the prediction is wrong, unlike what happens to cryptocurrencies, as an individual after buying a coin, it's value can either rise or fall in next few days, weeks or months, but for sure it's price value will always fluctuate depending on the market news, demand or supply, of which a good example of such cryptocurrencies are Bitcoin, Ethereum, Ripple & Cardona", unlike most scam coins/projects whereby when it's value falls, it never rises again, as an idea crypto is ought to fall and rise. Which is why it's always good to do intensive research before investing in any altcoins, or likewise just stick to Bitcoin.

[Victorik]

If the second definition from Oxford dictionary fits well for crypto, then it also means that the stock market is also a form of gambling, because it also involves taking risking and expecting a desired result.

[hannahB4]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

[lepbagong]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

each country obviously has very different policies [including your country and mine] to determine whether bitcoin is a gambling game or not !! because the state must also play an active role in what can prevent its citizens from carrying out their own policies wrongly, so the role of the state is needed in every issue such as the presence of bitcoin and the like in due time. it's just a matter of waiting for the momentum for acceptance, which may be carried out in stages before being fully recognized.

[Ruttoshi]

No is not gambling. In gambling is either you gain or loss which involves buying and selling  in crypto,you have to learn and understand the principlesand how crypto works, before going into it.Crypto does not have expire seat or time unlike gamble. Crypto is totally different from gambling, it is a means of survival,livelihood, a job, an office work,or a business, just think aboutanything you do legally to make money.

[Ursulachuks]

Op, crypto is not gambling .While gambling relies on chance, cryptocurrencies rely on arithmetic and cryptography. When you gamble, you are betting against the casino, but when you use cryptocurrencies, you are betting against other users who have an equivalent amount of cash to you.
In casinos, everyone has the possibility to win if they play well and develop their own methods, but the chances are still in the casino's favor. Gambling houses typically have a guaranteed win because they have an edge on their games.
Cryptocurrency cannot replace gambling since it is a kind of entertainment where participants bet on outcomes in an effort to gain financial gain. Cryptocurrency is a store of value, not a means of gambling

[EarnOnVictor]

If the second definition from Oxford dictionary fits well for crypto, then it also means that the stock market is also a form of gambling, because it also involves taking risking and expecting a desired result.

You actually nailed it there, there are a lot more that would be fitting for gambling if the second meaning of the dictionary is to be gone by. For this, it might still mean that they should just leave crypto alone and regulate it as other trading and assets are being regulated. Although, those MPs believed they are doing crypto good of freedom rather than how many take it here.

No is not gambling. In gambling is either you gain or loss which involves buying and selling  in crypto

I have this mindset until I read the Oxford Dictionary's meaning. Regardless, one can still lose or gain in buying and selling crypto like other assets, so they should not treat it as gambling.

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

I'm familiar with the case of Nigeria, the main government as a country did not ban crypto, it's the CBN. And I don't believe they did it because it's a gamble. They banned it through banks mainly to counter money laundering and terrorism.

[Victorik]

If the second definition from Oxford dictionary fits well for crypto, then it also means that the stock market is also a form of gambling, because it also involves taking risking and expecting a desired result.

You actually nailed it there, there are a lot more that would be fitting for gambling if the second meaning of the dictionary is to be gone by. For this, it might still mean that they should just leave crypto alone and regulate it as other trading and assets are being regulated. Although, those MPs believed they are doing crypto good of freedom rather than how many take it here.

No is not gambling. In gambling is either you gain or loss which involves buying and selling  in crypto

I have this mindset until I read the Oxford Dictionary's meaning. Regardless, one can still lose or gain in buying and selling crypto like other assets, so they should not treat it as gambling.

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

I'm familiar with the case of Nigeria, the main government as a country did not ban crypto, it's the CBN. And I don't believe they did it because it's a gamble. They banned it through banks mainly to counter money laundering and terrorism.

Life in general is a gamble if one looks at it closely, we are daily faced with risk and often very risky if risk is not taken. So, this shouldn't be narrowed down to the crypto space only.
These people have special interest in this crypto space and will do anything to paint it in bad light .

[blackened515]

No is not gambling. In gambling is either you gain or loss which involves buying and selling  in crypto,you have to learn and understand the principlesand how crypto works, before going into it.Crypto does not have expire seat or time unlike gamble. Crypto is totally different from gambling, it is a means of survival,livelihood, a job, an office work,or a business, just think aboutanything you do legally to make money.

Cryptocurrency is not gambling, it's different but it also depends on the view from traders, most traders who are not ready to thoroughly go through these crypto related PDFs are always ready to gamble with the market, some times they record profits and sometimes they make losses. Cryptocurrency can be seen in different form of view, I see it the market as a place where we implement good trading strategies to reap significant profits. Although the market is unpredictable but it do obey the bull and bear season, thats certain and simpler to understand how the market operates.

[Abiky]

Your claim of Bitcoin as a risk-free long-haul asset is a contentious one. Its architecture and finite supply do add worth, but lets not forget the inherent fluctuation and crypto market' capricious nature. Future value prediction is a tricky business involving supply-demand dynamics, policy landscape, and tech strides. On the altcoin front, terming them a reckless bet is an oversimplification. True, some are hype-chasers, while others could disrupt sectors like finance, supply chain, or data protection. The strategy? Bet on altcoins with solid use-cases and staying power.

"Meme" coins, say Dogecoin or Shiba Inu, are high-stake games, courtesy of their speculative aura. Yet, their buzz highlights the community sentiment's sway in the crypto sphere. Yes, spread your investments, but guided by solid research

I understand BTC can be unpreditable at times. This can pose a risk for those who usually cash out their BTC to Fiat. But that wouldn't be a reason of concern for those who use BTC as a currency regardless of its current market price.

I'd say altcoins are more of gamble since they usually come and go (developers abandon the Blockchain, leaving many investors holding the bag). It's not like Bitcoin where you know it's always going to be there no matter what. You can see why governments are adopting BTC as legal tender, instead of any of the altcoins we know and love today. Maybe BTC will stablize in Fiat terms sometime in the future? Just my thoughts

[DanWalker]

I understand BTC can be unpreditable at times. This can pose a risk for those who usually cash out their BTC to Fiat. But that wouldn't be a reason of concern for those who use BTC as a currency regardless of its current market price.

In contrast, the volatility of bitcoin will be the biggest concern for those using bitcoin as a currency. Today you buy bitcoin for $40k, and you plan to use it to pay future bills, but tomorrow bitcoin is worth $20k, you will still use it to pay your bills? I don't believe you would be brave enough to do that, and no one dares to do it, volatility is a big deal for people who use it as a currency.

I'd say altcoins are more of gamble since they usually come and go (developers abandon the Blockchain, leaving many investors holding the bag). It's not like Bitcoin where you know it's always going to be there no matter what. You can see why governments are adopting BTC as legal tender, instead of any of the altcoins we know and love today. Maybe BTC will stablize in Fiat terms sometime in the future? Just my thoughts

Agreed, altcoins are a gamble, and none of them are the same as bitcoin. So it is not wrong to say that cryptocurrency is another form of gambling if we are talking about altcoins. Bitcoin is not gambling, but altcoins are gambling and cryptocurrencies including bitcoin and altcoins.

[tbct_mt2]

Agreed, altcoins are a gamble, and none of them are the same as bitcoin. So it is not wrong to say that cryptocurrency is another form of gambling if we are talking about altcoins. Bitcoin is not gambling, but altcoins are gambling and cryptocurrencies including bitcoin and altcoins.

People had to gamble in Bitcoin years ago and they succeeded with their bets. Years later, when Bitcoin is expensive with many people to buy 1 bitcoin, they try to find alternatives. And they have altcoins which are shilled as new Bitcoin and the Bitcoin Pizza story is used to say that altcoins will have their success and altcoin Pizza stories too.

Gambling in altcoins like Ethereum, BNB, Dogecoin brought success but if you did it in LUNA and FTT tokens, you are crying now.

[gabbie2010]

Only those who invest without proper knowledge could consider this as a gambling but those who study and analyze it call it as trading.
There is a huge difference between gambler and trader when it comes to crypto investment, trader's have skills and invest thorough chart reading while gamblers are the one's who invest through news or FOMO.

Truly that is why a lot of people who doesn't know much about Bitcoin continue to regard it as another form of gambling, it's very unfortunate that some newbies in crypto in their bid to earn quick money invested their hard earn money in crypto when the price had peaked based on FOMO and on verge of a massive reverse or correction consequently resulted to losing part of their investment thus these are the category of people that always regard crypto as gambling, however skilled investors and traders always trade or invest at the appropriate time when the price is low by utilizing DCA thereafter hodl there coins till when the market is bullish.

[ultrloa]

Only those who invest without proper knowledge could consider this as a gambling but those who study and analyze it call it as trading.
There is a huge difference between gambler and trader when it comes to crypto investment, trader's have skills and invest thorough chart reading while gamblers are the one's who invest through news or FOMO.

Truly that is why a lot of people who doesn't know much about Bitcoin continue to regard it as another form of gambling, it's very unfortunate that some newbies in crypto in their bid to earn quick money invested their hard earn money in crypto when the price had peaked based on FOMO and on verge of a massive reverse or correction consequently resulted to losing part of their investment thus these are the category of people that always regard crypto as gambling, however skilled investors and traders always trade or invest at the appropriate time when the price is low by utilizing DCA thereafter hodl there coins till when the market is bullish.

Some maybe correlate this or just use the gambling word as figure of speech but they actually don't mean that they are just the same. Maybe on the chance to lose money but if they figure out then see how technical it is maybe they can separate the thoughts and can tell its really different. We can't argue to those people since if they believe gambling and trading is the same then this is fine as long as they didn't create any trouble to traders and gamblers then maybe we should respect their outlook regarding on this discussion.

[Wakate]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

Those who choose to gamble with cryptocurrency are the ones that do complain everytime about making loses. We should not gamble with cryptocurrency that to avoid loses. We need to ensure we do the right thing so that we are not gonna make mistake that could cost us big loses. Many that are gambling with cryptocurrency are big losers and are the ones that will keep telling people to stay away from crypto because they suddenly became a victim of scam or trading misfortune.

It is important we follow the due step and invest when we ought to invest not trying to be greedy at one way or the other. Since there are lots of scam in the market, we need to make diligent research to make the right choice or we should prepare to lose money..

[bayu7adi]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

How can someone quickly become wealthy with crypto? What exactly do they do?
Although crypto is a highly volatile digital asset, the number of individuals who become wealthy rapidly in the crypto space is quite limited.

There are likely many scams, such as fraudulent investment schemes promising enormous profits, perpetrated by con artists. This makes earning money seem effortless, prompting governments to prohibit crypto activities in Nigeria. To this day, scammers still roam freely in the crypto space, leading to individuals acquiring instant wealth through improper means.

However, only a select few manage to become wealthy within days in the crypto realm. The process of attaining wealth through crypto is far from easy.

[Good_Doctor]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

Yeah! The second relates to crypto/Bitcoin yet I'd say Bitcoin is not gambling. Would you say planting is gambling? Obviously you wouldn't, but farmers have been able to study weather conditions and seasons to know when to plant same way those who have learnt the trading of Bitcoin properly and who now have the correct mindset towards Bitcoin trading... they're likened to farmers in crypto world. Actually it may be gambling to those who are no-knowledge investors because of their aim which makes them even sow at wrong seasons and expect to hit profit but won't because it was not the correct season.
So for every informed Bitcoin trader and real time bitcoin investor it is not gambling as far as you can carefully monitor when and how to trade

[Blitzboy]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

Those who choose to gamble with cryptocurrency are the ones that do complain everytime about making loses. We should not gamble with cryptocurrency that to avoid loses. We need to ensure we do the right thing so that we are not gonna make mistake that could cost us big loses. Many that are gambling with cryptocurrency are big losers and are the ones that will keep telling people to stay away from crypto because they suddenly became a victim of scam or trading misfortune.

It is important we follow the due step and invest when we ought to invest not trying to be greedy at one way or the other. Since there are lots of scam in the market, we need to make diligent research to make the right choice or we should prepare to lose money..

Respectfully, labeling all crypto-fans as 'losers' in this high-risk game seems harsh. It's like labeling all politicians as corrupt, a false generalization. Cryptocurrencies, particularly Bitcoin, represent more than a risky bet; they embody an insurgence against established economic systems.

Sure, the game is quite dangerous, with many suffering losses, but isn't life a thrilling ride of highs and lows? Bitcoin and blockchain teem with potential, signaling a new era of decentralization.

Scams? They're a universal issue, not exclusive to crypto. Through diligent research and level-headedness, the crypto realm can yield significant rewards. After all, no risk, no reward

[promisedtech]

Crypto will only fall as gambling if you are investing on the coins that have no real value from the start.

i strongly agree with this,i've once invested in a coin which gave me a loss to me it was like a gambling because the coin was seeming to be appreciative to me without considering the long term run effect.

[348Judah]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

Some may believe this but consider it not applicable to everyone because even if you're to take a look on the global adoption for bitcoin and the various communities we have, you could derive different opinions coming out from people on bitcoin as everyone is just busy saying what he thinks or feels without knowing the appropriate scenario attached to bitcoin adoption being a digital and a decentralized currency, so when they called it scam, maybe those people have been scammed before, there are still people who cannot do such or think otherwise.

Crypto will only fall as gambling if you are investing on the coins that have no real value from the start.

i strongly agree with this,i've once invested in a coin which gave me a loss to me it was like a gambling because the coin was seeming to be appreciative to me without considering the long term run effect.

Some digital currency have to start from the low before they habe the opportunity to maintain their desired reputation to catapult them to where they desired, same also is when you're investing in any cryptocurrency, if you invested while the coin was still low, you will be more profitable in it, as long as the coin is not operated or controlled by scammers, you will definitely make something good out of it.

[yazher]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

For me, it was never gambling rather, it was an opportunity to change our traditional financial system, where we always rely upon the banks to take care of our money instead of doing it alone. We never had this chance before where we fully control our money without any help from a third party and all we need to do is learn the basic things to protect and secure it. As for investment opportunity, that's only up to us if we want to earn and double our money because it's not obliged for you to trade your bitcoins from time to time rather, just to hold it and buy as much as you want with the money you can afford to lose.

[thirdprize]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No!
This can only be applicable to altcoins because, in my opinion, all altcoin investors are gambling with the hope of making a large profit due to uncertainty because they do not know what will happen to the project at any given time.

However, Bitcoin investment is distinct because we all understand how transparent the entire Bitcoin process is; therefore, we are not gambling with our money since we are confident that if we are patient, we will be rewarded.

Spoken like a true gambler.

[skarais]

~~~

For me, it was never gambling rather, it was an opportunity to change our traditional financial system, where we always rely upon the banks to take care of our money instead of doing it alone.

Of course that is true, but only if you adopt bitcoin as a means of payment or currency.

As for investment opportunity, that's only up to us if we want to earn and double our money because it's not obliged for you to trade your bitcoins from time to time rather, just to hold it and buy as much as you want with the money you can afford to lose.

I guess without trading and use cases then bitcoin really has no value. If bitcoin weren't traded it would be hard to know how much bitcoin themselves are worth even that would only be back in the early days where bitcoin had no value. I also do not agree that trading and investing in bitcoin is considered gambling, but it is an activity that can give a trader or investor an advantage mainly because of his strategy, skill and use of his budget.

[|MINER|]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No  I don't think so , because when you are going to invest on Cryptocurrencies industry then trading I.E. analysis skills does matter. On the others hand most the cases if anyone do gamble the. At first wining probability on gambling depends on luck even then some times in kind of sports bet skill can be used  but gambling is the thing all about luck .  So gambling and crypto investment completely different So to change this misconception among people I think we should increase awareness about this cryptocurrency.

[Lorence.xD]

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No  I don't think so , because when you are going to invest on Cryptocurrencies industry then trading I.E. analysis skills does matter. On the others hand most the cases if anyone do gamble the. At first wining probability on gambling depends on luck even then some times in kind of sports bet skill can be used  but gambling is the thing all about luck .  So gambling and crypto investment completely different So to change this misconception among people I think we should increase awareness about this cryptocurrency.

You're exactly right, the thing is both money involve has risk that we're talking about, people might consider one as gambling but we couldn't even say that gambling could be considered as crypto right? Since the mechanics of both aren't the same the risk of crypto could be lessen as we increase the knowledge of one person to it. While for the gambling despite the skills and mental ability plus the decision making, you will still rely on luck. And indeed we should inform other people about this differences.

[bayudndy]

As far as I know, the legal issues of gambling games in each place have different views on them, similar to bitcoin, the legality is not clear. If it is fairer not to talk about the issue in the crypto environment that there are forms of gambling, and forms of disguise to attract capital and pump/dump, it is quite similar to pure gambling, but clearly decisive. It's our choice, we make ourselves investors or gamblers, not only in this market but there are many places that create a playground for that, even if the story of marriage is a formality. gambling also makes me laugh .

[DanWalker]

Agreed, altcoins are a gamble, and none of them are the same as bitcoin. So it is not wrong to say that cryptocurrency is another form of gambling if we are talking about altcoins. Bitcoin is not gambling, but altcoins are gambling and cryptocurrencies including bitcoin and altcoins.

People had to gamble in Bitcoin years ago and they succeeded with their bets. Years later, when Bitcoin is expensive with many people to buy 1 bitcoin, they try to find alternatives. And they have altcoins which are shilled as new Bitcoin and the Bitcoin Pizza story is used to say that altcoins will have their success and altcoin Pizza stories too.

Gambling in altcoins like Ethereum, BNB, Dogecoin brought success but if you did it in LUNA and FTT tokens, you are crying now.

I partially agree with what you said, investing in bitcoin many years ago can also be seen as a gamble because the risk then is huge. But there is a huge difference between bitcoin and altcoins that proves that bitcoin is not a gamble but altcoins.
Bitcoin was created with the sole purpose of becoming a currency, a peer-to-peer payment method, Satoshi did not create bitcoins with BTC tokens to raise capital and sell for profit. But all altcoins, including ETH, from the very beginning their purpose was created with the aim of selling tokens for profit. It can be seen that the purpose of the two is completely different, but because of our behavior, it makes both seem like real gambles.

[zahed]

I do not think Bitcoin can be considering as a gambling; it is mostly renowned digital currency in the whole world now it is widely used.
But unfortunately in my country BTC is popular in negatively because of the government promoted it as a illegal currency, they think if no regulation in Bitcoin by any country so it is too risky investment. So that it is kind of gambling for the government or the policy maker of the country.

[coupable]

In my country, the government also believes that Bitcoin is a gambling game and a means of getting rich quickly and that is why they stopped trading in Nigeria even with this it doesn't stop people who have been into it to sell off their coin or their investment.

Does the government really officially consider bitcoin a form of gambling? This is one of the biggest follies that a government may promote, so its citizens will be misled. Fortunately, Nigerian users do not take their government at their word and continue to use Bitcoin as a means of payment and as an investment.
In most countries that do not recognize Bitcoin, the pretext is that Bitcoin is a form of unrecognized money and therefore its use is prohibited. In other conclusions, the pretext is that it is a means of financing suspicious and criminal activities (terrorism).
Of course, these pretexts of various kinds prove the government's inability to control the uses of bitcoin due to the decentralized properties of the blockchain.

[seoincorporation]

Well, investing in cryptos is a high-risk investment, which means you can win big or lose big, and that's why some people see it as gambling, but I would not say it's the same, because if the crypto price has a crash, then you can hold until it recovers and you will not lose the money in the end, but in gambling if you lose a bet then the money will be gone, and I would say that's the main difference. They are alike but not the same.

[imamusma]

Well, investing in cryptos is a high-risk investment, which means you can win big or lose big, and that's why some people see it as gambling, but I would not say it's the same, because if the crypto price has a crash, then you can hold until it recovers and you will not lose the money in the end, but in gambling if you lose a bet then the money will be gone, and I would say that's the main difference.

I could probably say crypto trading was a gamble if they only traded futures. They can be liquidated at any time depending on the margin they use, and if they find a margin call then all their money is burned. Spot trading is not the same, that's obvious because we don't lose any coins as long down trend except for their value.

They are alike but not the same.

Agree with this one. But of course with a few exceptions. 

[MinoRaiola]

It is not gambling because you are not betting on a result and it is not a competition with different results on a present day. Bitcoin cannot be compared to anything else, it is unique. You can use it for gambling, but it is not primarily that. Bitcoin is also freedom, no one can intervene directly if you know how to do it.

[kawetsriyanto]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Why you are surprised? I think it isn't a new issue, we already discussed about this many times.
People who view it as a gambling form, must be not familiar with crypto. They don't know how to deal with the risk in crypto.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

No business has no risk, including in crypto. We al understand crypto has a high risk but we know how to deal with the risk. Knowledge and experience are 2 things that every people must have to deal with crypto risks. So, it is different with playing gambling that has no way to deal with the risk (possibility of losses). For example when you play slots, he chance to win is purely to rely on the luck.

[adzino]

Crypto is not a form of gambling. I bet those "MPs" know nothing about crypto currencies or how bitcoin works. Yes, it would be gambling if you don't know what you are doing or what you are investing in. It would be gambling if you go all in and expect to make quick profit in few days. But look at the charts. Those who have invested and held for years, they are all in profit. More like bitcoin "almost" guarantees you profit if you are willing NOT to sell when you are at a loss. Can you make such claims when gambling? Nope. But yeah it is gambling if you go after shit coins and meme coins. Other than that, it is just some excuses by the government to try and control bitcoin.

[Cryptmuster]

Crypto is not a form of gambling. I bet those "MPs" know nothing about crypto currencies or how bitcoin works. Yes, it would be gambling if you don't know what you are doing or what you are investing in. It would be gambling if you go all in and expect to make quick profit in few days. But look at the charts. Those who have invested and held for years, they are all in profit. More like bitcoin "almost" guarantees you profit if you are willing NOT to sell when you are at a loss. Can you make such claims when gambling? Nope. But yeah it is gambling if you go after shit coins and meme coins. Other than that, it is just some excuses by the government to try and control bitcoin.

There are those who can see gambling in anything, but this happens only because rash actions are allowed, which depend on wrong decisions. Money can be lost in any deal in any business, in trading or gambling, but it can also be earned in all these areas. Why do some lose money, while others earn it in the same business? Because someone understands what he is doing, and someone is just trying to do something, but at the same time he does it without knowledge, just by guessing.

[DeathAngel]

Crypto is not gambling in a strict sense of the word. It is an investment, obviously shitcoins are much more risky to buy than established coins like bitcoin & eth so I can see why people would categorise that as gambling but it isn’t in a strict sense. Bitcoin has been around since 2009, it is actually becoming a more mature asset now, regulatory bodies class it as a commodity so it is definitely not gambling to buy bitcoin.

[NNRR]

If you compare Crypto with Gambling then you are completely wrong because Crypto currency is never gambling because in gambling you may depend on luck but Crypto totally depends on your skill how much skill you can make profit so if you  If you consider Crypto and gambling to be the same, you will never be able to profit

[Mr.suevie]

Well when we say crypto, I think it covers all type of digital coins including some of the shitcoins that are out there and if you ask me I could definitely classify some these shitcoins as equivalent to gambling because gambling is something that you are not sure and you totally rely on luck which is exactly same feat with most of these  shitcoins, you buy them out of the hope that they will pump quickly which gives you easy money which is same as gambling (easy money) but unfortunately if everything goes wrong you will loss your entire assets which is similar to gambling (lose everything). But with most crypto compared I think bitcoin stands to very different in terms that even if the market goes bad you can still recover if only you don't freak out and sell because its certainly going to pump again.

[PeRo]

I don't know why people still have this question every once in a while. Considering Bitcoin as a gamble would mean every other investment is also gambling, which is certainly not the case. Gambling is more luck based and those games are made so casinos make a fat profit on people who think they will win big or on people that just play something occasionally, for entertainment.

Trading on investing in crypto works the same any other investment (except the markets aren't similar). If you go into it smart and know what you are doing, you should be able to make some money and it is not luck based, it depends on the rest of the market and more importantly on you.
If you view it as gambling, why don't you view buying a house or a car gambling? Those are investments as well and you can lose in value of those assets.

[n0ne]

For people who doesn't have the proper understanding about cryptocurrency and the market will simply say crypto is another form of gambling. I have experienced it in real time during a conversation. I introduced bitcoin to a brother and he had interest, but for some reason he wasn't able to buy and it got skipped. Now whenever he meets me he used to say I could've bought earlier when you said about it for the very first time. During that time another friend was with him and he briefed the past story with him, how high the price have moved in the short time period. Suddenly he stated this is kind of gambling and I tried to convince him, but he isn't ready to accept it.

When I asked him the reason why you mentioned so, his answer "The market is based on the demand to supply basis, however the real growth is connected to it for some percentage, apart the growth is happening on its own and none were able to identify it" and he said with stock market the value bounce depending on the growth of the particular company.

[Magic-Money]

Every business we do, that involved money group of people or individual we look away to tag it something that we bring negativity towards it, and without a strong foundation of that business it get clash or shunt down, in other words cryptocurrency, precisely Bitcoin is not a gambling platform, which is Bitcoin is a digital currency that can be used in everything as a result of payment, using crypto as gambling is your own business, because it saved as multi purpose digital assets.

[macson]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

when you hear the phrase "bitcoin is gambling" then show them about satoshi's vision and mission of creating bitcoin based on the whitepaper.  

It is important to know that what is known as gambling is playing with luck ^{(usually sports betting and slots)}, while bitcoin is a currency as well as an asset that you can use for anything ^{(including for gambling, paying for something, trading or invest)}

to be able to understand what bitcoin is, requires a conscious mind, don't give rejection from the start because you won't be able to understand it properly.

[AakZaki]

Yeah! The second relates to crypto/Bitcoin yet I'd say Bitcoin is not gambling. Would you say planting is gambling? Obviously you wouldn't, but farmers have been able to study weather conditions and seasons to know when to plant same way those who have learnt the trading of Bitcoin properly and who now have the correct mindset towards Bitcoin trading... they're likened to farmers in crypto world. Actually it may be gambling to those who are no-knowledge investors because of their aim which makes them even sow at wrong seasons and expect to hit profit but won't because it was not the correct season.
So for every informed Bitcoin trader and real time bitcoin investor it is not gambling as far as you can carefully monitor when and how to trade

Farmers are also always learning. Learn from experience, learn from others. Trading is the same, everyone must be willing to learn. Because there is a pattern that is a mutual agreement and it is still used today. I agree that gambling is different from trading. If you rely on trading like gambling it will make you devastated. Maybe you will make a profit in one or two trials. But if you continue I think your money will run out soon

[Minhxx]

I have never seen a game of chance that requires as much knowledge as bitcoin. I deny this, bitcoin is a high-yield investment, it sucks out all the cash flows so governments are always afraid of bitcoin.

[icalical]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

That's very much non-sense, moreover this statement came out from a government official. Some people might say that they bet on a crypto, but it doesn't necessarily mean that is gambling. The outcome of your crypto 'bet' is defined by market, it's different when you wager your money on a casino when the outcome will be determined mostly by luck.

[dhruvfire]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

We should not see it as gambling. It is a medium of payment and will replace traditional currency in future. Everything will be digital and crypto is best option for digital payments.

[Agbe]

Agreed, altcoins are a gamble, and none of them are the same as bitcoin. So it is not wrong to say that cryptocurrency is another form of gambling if we are talking about altcoins. Bitcoin is not gambling, but altcoins are gambling and cryptocurrencies including bitcoin and altcoins.

People had to gamble in Bitcoin years ago and they succeeded with their bets. Years later, when Bitcoin is expensive with many people to buy 1 bitcoin, they try to find alternatives. And they have altcoins which are shilled as new Bitcoin and the Bitcoin Pizza story is used to say that altcoins will have their success and altcoin Pizza stories too.

Gambling in altcoins like Ethereum, BNB, Dogecoin brought success but if you did it in LUNA and FTT tokens, you are crying now.

I partially agree with what you said, investing in bitcoin many years ago can also be seen as a gamble because the risk then is huge. But there is a huge difference between bitcoin and altcoins that proves that bitcoin is not a gamble but altcoins.
Bitcoin was created with the sole purpose of becoming a currency, a peer-to-peer payment method, Satoshi did not create bitcoins with BTC tokens to raise capital and sell for profit. But all altcoins, including ETH, from the very beginning their purpose was created with the aim of selling tokens for profit. It can be seen that the purpose of the two is completely different, but because of our behavior, it makes both seem like real gambles.

I still don't take that has gambling. If you keep your Bitcoin in a wallet for a very long period, that has become an investment and not gambling. Even though there is risk in Bitcoin, the risk is always manifesting in trading, but in investment it is minimal because if you are patient enough to wait for the next bull time then you will have your money back but whereby you can't wait then you have to bear the risk. And when you buy Bitcoin as the time when Bitcoin was 20k$ and the time to sell them is 19k$ or still on the 20k$ then there is risk their. Even at that you didn't lost all but in gambling you will loss everything. So me, I can't compare Bitcoin investment with gambling.

[ringgo96]

I have studied about the crypto world and also studied gambling performance and they have different ways to earn income although trading is almost similar to betting in problem gambling but both have different ways, and crypto does not depend on luck even though we are all looking for profit when buying a coin but we have charts that must be learned so as not to be wrong in choosing the coin we want to invest in.

[SamReomo]

Yeah! The second relates to crypto/Bitcoin yet I'd say Bitcoin is not gambling. Would you say planting is gambling? Obviously you wouldn't, but farmers have been able to study weather conditions and seasons to know when to plant same way those who have learnt the trading of Bitcoin properly and who now have the correct mindset towards Bitcoin trading... they're likened to farmers in crypto world. Actually it may be gambling to those who are no-knowledge investors because of their aim which makes them even sow at wrong seasons and expect to hit profit but won't because it was not the correct season.
So for every informed Bitcoin trader and real time bitcoin investor it is not gambling as far as you can carefully monitor when and how to trade

Farmers are also always learning. Learn from experience, learn from others. Trading is the same, everyone must be willing to learn. Because there is a pattern that is a mutual agreement and it is still used today. I agree that gambling is different from trading. If you rely on trading like gambling it will make you devastated. Maybe you will make a profit in one or two trials. But if you continue I think your money will run out soon

You are right in order to be good at trading we must have to master the skill, and trading isn't gambling it's totally a different discipline. A trader isn't a gambler, but an intelligent person who knows in which conditions of the market he/she could make money. The trading and specifically crypto trading is a skill that can be mastered by anyone who is willing to give it time. In order to be good at trading you'll have to sacrifice a lot of things in your life, and those can include your friends, family, and your precious time. But, it's still worth it because once you learn the skill fully then you can earn enough money to enjoy your life.

On the other hand, gambling is not a skill that someone can master because it changes every time, and no one knows the future for sure. A gambler who isn't lucky will not be able to earn substantial income from gambling activity while someone who is a lucky person can earn a lot of money from gambling. A gambler has to be lucky in order to earn good money from it white a trader doesn't always needs to be lucky to earn money from it.

[Blitzboy]

Your investment would be a gamble if you don't have any plans for it. Unlike with gambling, an investor could actually manage the risk such as putting a stop loss depending on one's preference unlike in gambling wherein once you bet n mount, either you lose or win. Such concept confuses many people but they're actually different from one another. The only thing which binds these two concepts is risk of losing money especially in crypto industry wherein volatility is obvious. Proper risk management would yield to profit. Patience would also contribute to the result which I guess is another difference in comparison to gambling.

I agree with you that the core of both investing and gambling is uncertainty, but I'd want to dive a bit further. Theres a Zen-like maxim in the world of finance that goes something like, "invest in what you understand." Investors may better control risk when they do their homework and have a firm grasp of their assets' nuances.

In sharp contrast, the world of gambling is shrouded in mystery and offers little opportunities to influence the result. That old adage, "The house always wins," rings true in this case.

The peculiar volatility of cryptocurrencies allows for a combination of the two. If an investor enters the market without proper preparation, they may find themselves dangerously close to the brink of gambling. Indeed, patience is a virtue; doing things slowly and steadily may pave the route to success.

[Gulttam2a2]

Crypto is never another form of gambling. Gambling is totally different. In gambling you bet money on various games and then you have to trust your own luck whether you win money or not. But in that case crypto is totally different. In crypto you can invest money and earn. Many people compare this investment with gambling. There are various platforms in crypto where it is very easy to invest money and buy and hold something it will give you a big profit one day or the other but in gambling you have to invest money immediately. Almost people are investing in crypto in today's world. So I would say crypto and gambling are two different things. Crypto and gambling are not different forms of each other.

[Iadegbola34]

Personally, I see a distinction between cryptocurrency and gambling. While both involve risks, crypto is more than just games of chance. It's a complex technology that enables decentralized transactions and has various real-world use cases. However, I can understand why some might draw parallels, given the speculative nature of crypto investments.

[irhact]

Crypto is never another form of gambling. Gambling is totally different. In gambling you bet money on various games and then you have to trust your own luck whether you win money or not. But in that case crypto is totally different. In crypto you can invest money and earn.

If this is the reason you're giving to differentiate between Crypto investing and gambling then you can't convince anyone because in today market it's filled with new individuals just gambling with their money and hope on been lucky which is why memecoins and shitcoins investments are becoming more popular. Just as you explained in gambling, individual now put money in different cryptocurency then rely on been lucky to profit.

Cryptocurency wasn't created or invented as another form of gambling but since it's a high risk investment some individual have decided to turn it into gambling but the industry isn't a gambling industry. Those that gamble with their investment don't always make profits but lose.

[dansus021]

Hahaha, Life is self actually gambling mate  full of risk and we want hope of a desired result. Just like you said and also life basically a game that involves money. 

But seriously if you consider crypto is gambling that stock and other investment platform is another gambling right?

[Popkon6]

Especially the AltCoin section should be gambled on. Where it is totally dependent on the investors and not pure alot coins are operated as gambling. Because after a few days it gets destroyed again, so small investors always focus on uncertain future.

Bitcoin is completely transparent a decentralized currency on which almost 40%-45% people around the world consider Bitcoin to be transparent. And are totally dependent on investing in Bitcoin because long-term investment is definitely profitable. (You notice that in January the price of Bitcoin was 15.5K but by July the price of Bitcoin has reached 31.5K.) So this little long  It's proven how much six months of investment has benefited you. This is why I like to say Bitcoin is transparent. Bitcoin is not gambling.

[Hispo]

Especially the AltCoin section should be gambled on. Where it is totally dependent on the investors and not pure alot coins are operated as gambling. Because after a few days it gets destroyed again, so small investors always focus on uncertain future.

Bitcoin is completely transparent a decentralized currency on which almost 40%-45% people around the world consider Bitcoin to be transparent. And are totally dependent on investing in Bitcoin because long-term investment is definitely profitable. (You notice that in January the price of Bitcoin was 15.5K but by July the price of Bitcoin has reached 31.5K.) So this little long  It's proven how much six months of investment has benefited you. This is why I like to say Bitcoin is transparent. Bitcoin is not gambling.

I agree, that is why I personally stay away for shady altcoins and projects that offer more than they can actually deliver. There are people who do not care and willingly partake in some sort of gambling by buying those shitcoins and shit-tokens hoping to be able to cashout just in time.

If you think about it, buying shitcoins for profit is like playing a slow motion session of Crash in a casino, they see gains and more gains but they have only one shot, before all goes to hell and end up with 0% of their entry value.

That is definitely what gambling is about.

[Minhxx]

In my opinion if you have knowledge in this market and good capital management then you can make money by coin. On the contrary, if you do not learn about the market thoroughly and do not have the discipline to manage risk, it is like a gamble manipulated by many people.

[Abiky]

Hahaha, Life is self actually gambling mate  full of risk and we want hope of a desired result. Just like you said and also life basically a game that involves money. 

But seriously if you consider crypto is gambling that stock and other investment platform is another gambling right?

Even traditional money (Fiat) can be considered as gambling. You could lose purchasing power over time due to inflation. Matters get worse when inflation spirals out of control. There's really no such thing as an investment or asset that's guaranteed to retain its value forever. Life is always about risks, and only those willing to take them have greater chances of success in the long run.

Crypto may be new and extremely-volatile, but it's still performing better than tradtional stocks (especially Bitcoin). We should give it more time to mature, before saying it's nothing but a gamble. Who  knows if someday crypto stabilizes, while Fiat becomes history? Just my thoughts

[Mikky.Crypto]

If you consider cryptocurrency as a form of gambling, then XGo is a real game-changer. Using the XGo mobile app has transformed the way I engage with crypto. The easy-to-use interface and real-time price updates keep me connected to the market, ensuring that I never miss an opportunity. It's definitely a game-changer.

[milewilda]

Especially the AltCoin section should be gambled on. Where it is totally dependent on the investors and not pure alot coins are operated as gambling. Because after a few days it gets destroyed again, so small investors always focus on uncertain future.

Bitcoin is completely transparent a decentralized currency on which almost 40%-45% people around the world consider Bitcoin to be transparent. And are totally dependent on investing in Bitcoin because long-term investment is definitely profitable. (You notice that in January the price of Bitcoin was 15.5K but by July the price of Bitcoin has reached 31.5K.) So this little long  It's proven how much six months of investment has benefited you. This is why I like to say Bitcoin is transparent. Bitcoin is not gambling.

I agree, that is why I personally stay away for shady altcoins and projects that offer more than they can actually deliver. There are people who do not care and willingly partake in some sort of gambling by buying those shitcoins and shit-tokens hoping to be able to cashout just in time.

If you think about it, buying shitcoins for profit is like playing a slow motion session of Crash in a casino, they see gains and more gains but they have only one shot, before all goes to hell and end up with 0% of their entry value.

That is definitely what gambling is about.

Good for those people who do really have those kind of preference on not to touch up meme coins or shit coins which i do agree that this type of investment would really be that like of gambling. Even how hard you would really make out some analysis but still it isnt something that someone should really be touching since analysis is something that cant really be applied.This is why on the time that you would really be tending to
consider out on buying these coins or projects then it would really be needing that you should really be that mindful about the risks. In overall about crypto investment then it would really be that you choice
because its something that still that making profits which analysis could somewhat be applied on some circumstances and this is why it would really be that your choice whether you would
really be proceeding or not.

[asrinur]

I think crypto is not gambling. Instead I see it as a potentially profitable form of investment. sometimes people think of crypto as a form of gambling due to high price fluctuations and uncertainty. However, it is important to acknowledge that cryptocurrencies have aspects and uses that go beyond mere gambling. This includes its use as a means of payment, innovative technology, and financial inclusion tools. Therefore, in evaluating cryptocurrencies, it is important to consider multiple perspectives and acknowledge that there are benefits and risks associated with cryptocurrencies.

[Vaskiy]

Why bitcoin and crypto is connected with gambling. With gambling we predict the market and wait for the outcome. To some extent strategies and skills help in prediction of the outcome. With bitcoin we don't know exactly on what basis is the price movement happening around. We predict with connection to the previous market movements as well as the incidents taking place relative to bitcoin. This makes people have an understanding that crypto is another form of gambling.

Good awareness as well as right learning is required to understand well about the market. What we experience with gambling is possibilities or choices whereas bitcoin is all about the technology.

[Outhue]

If crypto is another form of gambling then I will keep gambling using my investment strategy at least its better to jump into a fresh good project that is promising than to try to beat a casino that has a goal of you losing so that they can make money, there is a big difference between the two.

To me crypto is better called an investment than gambling, you can analysis very well and choose the best projects that will get you rich in few years than chasing lottery tickets with 1% chances of changing your life out of 100%  that's ridiculous and that's what gambling has to offer.

The answer is very clear to see, these two are not on the same league, even those who use 20$ investments of every meme coins they see have a better chance to win than gambling, truth is gambling is the most terrible of them all, I am a gambler by default but I do it with my head and brain not in a dreaming phase, I gamble for fun and I invest more than I gamble.

[kro55]

Why bitcoin and crypto is connected with gambling. With gambling we predict the market and wait for the outcome. To some extent strategies and skills help in prediction of the outcome. With bitcoin we don't know exactly on what basis is the price movement happening around. We predict with connection to the previous market movements as well as the incidents taking place relative to bitcoin. This makes people have an understanding that crypto is another form of gambling.

Good awareness as well as right learning is required to understand well about the market. What we experience with gambling is possibilities or choices whereas bitcoin is all about the technology.

Sure, crypto is not gambling, but there are a lot of misunderstandings, and most of these misunderstandings come from people who have no knowledge of crypto. They argue that due to the extreme volatility and unsustainability of altcoins, this makes them feel like gambling. Meanwhile, volatility is an advantage for us because we can make big profits thanks to it. But when it comes to shitcoins, memes can't say they're wrong to call crypto is gambling. Because investing in shitcoins is like waiting for our luck, all that happens with shitcoins is pumping and dumping.

[Abiky]

If crypto is another form of gambling then I will keep gambling using my investment strategy at least its better to jump into a fresh good project that is promising than to try to beat a casino that has a goal of you losing so that they can make money, there is a big difference between the two.

To me crypto is better called an investment than gambling, you can analysis very well and choose the best projects that will get you rich in few years than chasing lottery tickets with 1% chances of changing your life out of 100%  that's ridiculous and that's what gambling has to offer.

The answer is very clear to see, these two are not on the same league, even those who use 20$ investments of every meme coins they see have a better chance to win than gambling, truth is gambling is the most terrible of them all, I am a gambler by default but I do it with my head and brain not in a dreaming phase, I gamble for fun and I invest more than I gamble.

I think the risks are much higher with traditional gambling, than crypto itself. The latter is often considered a long-term investment that will generate huge returns without much effort. It's like stocks only that prices fluctuate at a much higher rate due to the availability of crypto trading (24/7) and small liquidity. For some reason, the UK government is classifying crypto as gambling. By not treating it as a currency, UK citizens will be forced to pay taxes on every transaction. I'm not surprised about this, especially when most governments are against the revolution.

We should expect further misinformation and opposition down the road with the intent to minimize crypto's presence in the mainstream world. Who knows what the future holds for crypto/Blockchain tech? Just my opinion

[Mr. Magkaisa]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

      -      If a gambler is addicted to playing in the casino he will surely think that doing crypto trading is also like gambling. But this is a wrong assumption, not actually. Because the crypto assets will not allow you to just trade there, due to if you have extensive knowledge of trading in the crypto space, you will make sure that you will get a profit even if it is not a large amount.

That's why it's necessary here that you have an idea of reading the chart or graph because you don't just rely on compound trading. Because if your analysis is correct, for sure you will make money in the end.

[tw0.625]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

According to a piece in the June 26, 1996 issue of the Chicago Tribune, “Universities are considered hot zones for potential Internet junkies because they often give students free and unlimited Net access.”

[RewFrew]

I have studied about the crypto world and also studied gambling performance and they have different ways to earn income although trading is almost similar to betting in problem gambling but both have different ways, and crypto does not depend on luck even though we are all looking for profit when buying a coin but we have charts that must be learned so as not to be wrong in choosing the coin we want to invest in.

I am agree with you. You told appropriate. Crypto and gambling are operate different way. Gambling depend on luck, ont the other hand crypt market is fully different from gambling.

[tw0.625]

Gambling depend on luck, ont the other hand crypt market is fully different from gambling.

The probability of winning and losing when betting on black in roulette.
European roulette: there are 37 pockets, including 18 black, 18 red, and 1 green (0) pocket. The probability of winning on a bet on black is 18/37, which is approximately 48.65%. The probability of losing is 1 - 18/37, which is approximately 51.35%. So, the probability of the casino winning is 51.35%, which means that over a large number of games, the casino always comes out on top. American roulette has 38 pockets and 2! green (0).

As for the Bitcoin trading, it is more close to a zero-sum game with transaction costs (is actually a negative-sum game), rather than a typical gambling scenario. If players trade too frequently, their transaction costs increase (trading fees), and in this game, the cryptocurrency exchange always wins. In one or two years, in this game, 98% of traders will lose their deposits. Only 2% of players will win, which means they will take the money from the 98% who lost.

The difference between gambling and the Bitcoin market lies in the fact that in roulette, your losses are programmed, meaning there is no strategy that could allow you to consistently beat the casino over the long term. However, when it comes to trading Bitcoin, a players can win if they have a winning strategy.

[romero121]

I have studied about the crypto world and also studied gambling performance and they have different ways to earn income although trading is almost similar to betting in problem gambling but both have different ways, and crypto does not depend on luck even though we are all looking for profit when buying a coin but we have charts that must be learned so as not to be wrong in choosing the coin we want to invest in.

I am agree with you. You told appropriate. Crypto and gambling are operate different way. Gambling depend on luck, ont the other hand crypt market is fully different from gambling.

Both were unpredictable which is the only thing that makes gambling and bitcoin similar. However the outcome of gambling and bitcoin were completely different. With gambling we were to lose everything if the bet fails whereas with bitcoin the varying price gives profit/loss but it won't make the wallet get emptied. Through learning it is possible to be better with bitcoin prediction whereas with gambling there is need of luck however good you make prediction based on data gathered.

[milewilda]

I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.

Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;

1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.

The second one seems to fit crypto best, so it's clear they know what they are saying.

Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?

If we do speak about risks taking then its YES, but in the sense that analysis and research could be applied then "NO" it cant be considered as gambling and just like with other investment on which it would really be just

normal that you would really be facing up some risks on losing money which it would be normal and something that you would be needing to face on the time that you are dealing with it.
We know that you cant just put up money and just wait up for guaranteed profits or revenue which it cant be possible.You would really be needing to do further steps for you to be
successful specially in cryptospace.You cant really just simply put up without having those reconsiderations in speaking about risks and the possible loss of money.

A form of gambling? Depends on how you would really be making yourself able to deal up with it. If you are just carelessly buying without having those in depth research
then you are basically doing gambling.