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Topic: Bitcoin is not gambling - page 26. (Read 20881 times)

full member
Activity: 167
Merit: 100
January 06, 2018, 07:59:45 PM
Sometimes I think it is gambling because it drops or rise so quickly,but sometimes I think bitcoin is a kind of currency,it can be investm not gambling .so i am confused too
bitcoin is a digital currency and can not say bitcoin is gambling because it's not gambling, you can invest your money into bitcoin and can keep it in the long run and you can sell it when the bitcoin price goes up as you wish, so I do not think bitcoin gambling but buying and selling in the market.
sr. member
Activity: 560
Merit: 250
January 06, 2018, 07:47:02 PM
Bitcoin is not gambling. You are not playing a game of chance where you either lose or with.Bitcoin is like a business where you invest and make profit or lost.

It depends on a person that how he responds whether the Bitcoin is gambling or otherwise.
full member
Activity: 345
Merit: 100
January 06, 2018, 07:33:19 PM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

What you have stated is a fact. It is not a gambling but a currency, a cryptocurrency. If cryptocurrencies are gambling then you could say so does the usual money. Yes, bitcoin could include gambling but it is not a money its self, same goes with the money. There are games available or ggambling sites avaliable for you to play but it is your choice if you prefer to join.
member
Activity: 406
Merit: 19
January 06, 2018, 07:22:50 PM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

It must be noted that bitcoins is digital currency revolution and not a gamble.
It almost looks like she's a layman. Because, she's can not distinguish between the two (investment and gambling).
But in my opinion, the gamble scheme similar to investment scheme , since investment decision-making was similar to risk decision-making of a gamble.
member
Activity: 265
Merit: 10
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January 06, 2018, 05:48:37 PM
In gambling you don`t own anything just bet and it finishes but here you own the coins, it s a huge difference.
member
Activity: 140
Merit: 10
January 06, 2018, 05:47:28 PM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

It's a little gambling for some people. As long as you give your money to speculations, will it go down, will it go up, some people will just fear that their money could be lost forever. Myself, I see this gambling as an investment.
newbie
Activity: 30
Merit: 0
January 06, 2018, 05:44:02 PM
I think it can be considered gambling by some - the UK tax authority do not see it as gambling (otherwise it would be tax exempt).
full member
Activity: 560
Merit: 102
January 06, 2018, 05:41:38 PM
Who said that bitcoin is gambling ? Bitcoin is a currency, a payment tool that can be used for purchase or trading. It is like money and other fiat too.
What makes they think bitcoin is gambling ? You may use bitcoin for gambling, but bitcoin is not gambling at all. It is about the cryptocurrency that we used for many things. Same for other crypto like altcoins.
Some people who do not know how to work with bitcoin indeed think of it as a gamble. In fact, if they want to learn more deeply, bitcoin just like any other investment. We buy and collect it, then sell it back at a high price to get profit, right?
full member
Activity: 644
Merit: 102
January 06, 2018, 05:38:26 PM
Bitcoin is not gambling. You are not playing a game of chance where you either lose or with.Bitcoin is like a business where you invest and make profit or lost.
jr. member
Activity: 33
Merit: 1
January 06, 2018, 05:33:45 PM
Any type of the investment is a bit of a gambling, as you can't predict what will happen with your money, even though sometimes there is an illusion that you can  Wink
full member
Activity: 340
Merit: 100
January 06, 2018, 05:28:17 PM
I am also confused, many people say bitcoin is gambling, I think bitcoin is not gambling, bitcoin is a place that many people who want to get rich, that is by investing.
sr. member
Activity: 1491
Merit: 320
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January 06, 2018, 04:51:19 PM
I don't think about Bitcoin or other cryptocurrencies as a gamble, but investment that has very big potential to grow but also fall.
member
Activity: 532
Merit: 17
January 06, 2018, 11:45:43 AM
Who said that bitcoin is gambling ? Bitcoin is a currency, a payment tool that can be used for purchase or trading. It is like money and other fiat too.
What makes they think bitcoin is gambling ? You may use bitcoin for gambling, but bitcoin is not gambling at all. It is about the cryptocurrency that we used for many things. Same for other crypto like altcoins.
newbie
Activity: 134
Merit: 0
January 06, 2018, 11:25:19 AM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
Yes, I agree with your opinion about bitcoin instead of gambling. Bitcoin is a profitable investment field, just like gold. But bitcoin is bigger than gold in value.
legendary
Activity: 2492
Merit: 1001
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January 06, 2018, 11:23:00 AM
I strongly agree with this opinion. bitcoin is not a gamble, in fact it's very different. even you can be on salary using bitcoin. someone will not be on salary using a chip from gambling. well, i feel that very big difference between bitcoin and gambling.
sr. member
Activity: 896
Merit: 268
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January 06, 2018, 11:20:19 AM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

Nope, bitcoin isn't a gambling brcause bitcoin as we all know is a currency not a game. Yes, bitcoin can be linked to gambling because this bitcoin are the things used today in gambling. And many people will definitely agree that bitcoin isn't a gambling. And also, I think this bitcoin will somehow become a gambling if we used it as itself in gambling like coin toss, adding or other games that are bitcoin itself is used as a thing.
sr. member
Activity: 396
Merit: 252
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January 06, 2018, 10:39:48 AM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
People around me also thought that Bitcoin is Gambling. I just quiet and smiling when they say that, they don't know about Bitcoin. Bitcoin indeed can be use to play gambling, but Bitcoin is not part of Gambling.

I agree, people who hold bitcoins have all the power to choose where to use their bitcoins whether as their daily allowance/ budget, as investment or for trading and sadly some also use it for gambling and other illegal acts even if those are not allowed. But I suggest that if there will be opportunity for you to teach others about bitcoin, please do teach them so we can show them the good things about bitcoin.
newbie
Activity: 84
Merit: 0
January 06, 2018, 09:40:59 AM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
People around me also thought that Bitcoin is Gambling. I just quiet and smiling when they say that, they don't know about Bitcoin. Bitcoin indeed can be use to play gambling, but Bitcoin is not part of Gambling.

You are right. I think there are people that are judgmental. Bitcoin is such a good one.

Everyone who doesnt know about Bitcoin thinks its gambling. But once you experience it, you would probably say the other way around.
newbie
Activity: 72
Merit: 0
January 06, 2018, 09:37:21 AM
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
People around me also thought that Bitcoin is Gambling. I just quiet and smiling when they say that, they don't know about Bitcoin. Bitcoin indeed can be use to play gambling, but Bitcoin is not part of Gambling.

You are right. I think there are people that are judgmental. Bitcoin is such a good one.
full member
Activity: 295
Merit: 104
January 06, 2018, 09:36:00 AM
In my opinion, actually bitcoin is just a digital currency whose value is high turbulent and higher than the value of local currency. Bitcoin can also be for investment, many people are currently investing in bitcoin by utilizing the high turbulent bitcoin price. I think it's no stranger if bitcoin is used to gamble. But to my surprise, there are still people who abuse bitcoin like drug trafficking, money laundering etc.
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