Bitcoin is it gambling currency or currency of speculation ?

Panda Trump

sr. member

Activity: 588

Merit: 254

Quote from: Md.salauddin on December 26, 2017, 08:54:40 AM

I don't know which one is the real truth .

Its initial purpose was to be a cryptocurrency, just like the USD, but better.
However, after people saw its gigantic growth potential, people started investing in it purely for their own profits, thus turning it in a gambling currency of speculation.

Thus, the answer to your question: Both is true. It's a gamble what the price will do next and it's a lot of speculation resulting in either its growth or fall.

Anti-Cen

member

Activity: 210

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High fees = low BTC price

Quote from: ?? on ??

This question already asked many times and majority answers are :
2. Bitcoin is currency, especially since Satoshi said so in the white paper

Satoshi said lots of things but few of them hold water and a currency needs to have a stable
price to facilitate the exchange of goods and no one would argue that BTC is stable and had
the price remained <$10.00 then this forum would be almost empty apart from a few egg heads
like me.

Md.salauddin

newbie

Activity: 210

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I don't know which one is the real truth .

Topic: Bitcoin is it gambling currency or currency of speculation ? (Read 100 times)