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Topic: Bitcoin is not gambling - page 46. (Read 20867 times)

member
Activity: 378
Merit: 10
November 25, 2017, 12:19:41 AM
Bitcoin is not a gambling because gambling is a game while bitcoin is more likely a currency a business and an investment. because you take a risk investing your money to volatile currency hoping it would rise up in the coming days, but you know it might also drop.
full member
Activity: 392
Merit: 100
November 25, 2017, 12:13:11 AM
Bitcoin is a currency, you cant say money is gambling itself. but if you invest your money and convert it into bitcoin now it is gambling and bitcoin price up and down that why many people says its gambling. but i am not agree with people its wrong thinking
member
Activity: 219
Merit: 10
November 25, 2017, 12:07:23 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.
Some People don't know about bitcoin so they say bitcoin is gambling. Bitcoin is a Digital Crypto Currency it is use for make money online but some people use it for gambling.
sr. member
Activity: 1358
Merit: 253
November 25, 2017, 12:02:23 AM
Yes bitcoin is not gambling, bitcoin is a big business that will change the world, I'm sure the use of bitcoin will not be stopped because the user community is very strong and not affected by any issues.
full member
Activity: 202
Merit: 100
November 24, 2017, 11:32:05 PM
Bitcoin is not a gambling game, it's a very true statement. Bitcoin is a potential altcoin rather than the luck of gambling.
full member
Activity: 742
Merit: 128
Coinbene.com - Experience Fast Crypto Trading
November 24, 2017, 11:28:51 PM
Gambling is only suitable for individuals who want to make quick cash and take a risk. I believe this is extremely harmful since the danger percentage is extremely higher and certainly if you're money grubbing you'll lose everything. Make an effort to to stay away from betting and concentrate on investing in potential altcoin

I agree this is the difference of Investing in Bitcoin and gambling.  Gambling relies solely on chance and on its internal setup while  investment in bitcoin outcome relies on our quick thinking, research, action and adoptation on changes of prices.  Meaning there is a sign before the market move and reading it will definitely give us profit since we can benefits on the fluctuation of the market.
The title of this thread made a lot of people have wrong concept as me at first. The nature of Bitcoin isn't gambling, yeah, it's right. But, can trading Bitcoin as gambling? I can say: "Yeah, trading Bitcoin can become gambling but depend on the method trading of traders!"

Yeah trading bitcoin can we called gambling although its not a litterally a gambling, we can say its a gambling because we gamble our money without assurnce,we are not sure if we will get a profit or the price going down. We do not know but we reserve our money in bitcoin because we believe there is a future in bitcoin.
member
Activity: 84
Merit: 10
November 24, 2017, 11:14:54 PM
Investing is somewhat similar to gambling. What keeps them different from each is that gambling brings out addiction to the person. May be people see bitcoins is a form of gambling because you invest a high amount. Investing in Bitcoin, just like any other investment in this world. Perhaps that risk is why some people assimilate Bitcoin with gambling.
hero member
Activity: 2590
Merit: 644
November 24, 2017, 10:50:31 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.

Yes bitcoins is not a gambling because gambling is a game while bitcoins is more likely a currency a business and an investment. This involves a lot of risk but it doesn't mean that this is a gambling. Gambling is more likely a luck while bitcoins depends on how good you are in trafing or whatever strategies are you doing and it also depends to the peoplehow much value it will be in the market while gambling are fixed. Gambling are bad bitcoins are great.
Bitcoin is simply just an investment and gambling means you are not aware of the possible things that might happen which is very prone in some hyip investment and literally gambling sites. Bitcoin has a lot of information in the internet to understand how it works and what are the possible outcome and those are enough to say that bitcoin is just an investment with a risk but not totally a gambling.
full member
Activity: 420
Merit: 101
November 24, 2017, 08:46:00 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.

Yes bitcoins is not a gambling because gambling is a game while bitcoins is more likely a currency a business and an investment. This involves a lot of risk but it doesn't mean that this is a gambling. Gambling is more likely a luck while bitcoins depends on how good you are in trafing or whatever strategies are you doing and it also depends to the peoplehow much value it will be in the market while gambling are fixed. Gambling are bad bitcoins are great.
member
Activity: 168
Merit: 11
November 24, 2017, 08:24:13 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.
well,bitcoin is an investment,this is online job.bitcoin can help to reduce unemployment they cam work anytime.bitcoin is workinh and struggling to earn.so,i'm very sure this is not a gambling.gambling is in casino.
sr. member
Activity: 756
Merit: 256
HEX: Longer pays better
November 24, 2017, 04:53:45 PM
Gambling is only suitable for individuals who want to make quick cash and take a risk. I believe this is extremely harmful since the danger percentage is extremely higher and certainly if you're money grubbing you'll lose everything. Make an effort to to stay away from betting and concentrate on investing in potential altcoin

I agree this is the difference of Investing in Bitcoin and gambling.  Gambling relies solely on chance and on its internal setup while  investment in bitcoin outcome relies on our quick thinking, research, action and adoptation on changes of prices.  Meaning there is a sign before the market move and reading it will definitely give us profit since we can benefits on the fluctuation of the market.
The title of this thread made a lot of people have wrong concept as me at first. The nature of Bitcoin isn't gambling, yeah, it's right. But, can trading Bitcoin as gambling? I can say: "Yeah, trading Bitcoin can become gambling but depend on the method trading of traders!"
member
Activity: 336
Merit: 14
November 24, 2017, 12:47:03 AM
Investing in gold is also gambling, so is the stock market and foreign exchange. Risk is present in any investment. In gambling, pure luck is all you need. You don't have forums like this to help you make calculated risks.
full member
Activity: 235
Merit: 250
November 23, 2017, 07:37:41 PM
Cryptocurrency market likes stock market, where investors research and invest. They don't gamble for sure.
newbie
Activity: 42
Merit: 0
November 23, 2017, 07:28:59 PM
According to all of the major dictionaries, if an activity involves the following, it is gambling: Stake, Risk, Profit/Loss
newbie
Activity: 31
Merit: 0
November 23, 2017, 07:25:04 PM
Bitcoin is not gambling if you believe in the project on a long term, and that's what I personnaly do !
full member
Activity: 532
Merit: 100
November 23, 2017, 07:19:43 PM
Is not gambling is you know what you doing while trading or buying.
Let's say you take  your life savings to buy BTC while the price is on the top and you panic because the price goes down as hell and you couldn't wait and sold in a lose ?
it cannot happen it may just ruin your life, as this being said above if you know what you'r doing is not gambling but if you DON'T  IS IT.
jr. member
Activity: 104
Merit: 1
November 23, 2017, 07:16:49 PM
If you practice trading without knownledge is like playing poker without knownledge which is clearly gambling -.0-
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
November 23, 2017, 07:16:00 PM
Gambling is only suitable for individuals who want to make quick cash and take a risk. I believe this is extremely harmful since the danger percentage is extremely higher and certainly if you're money grubbing you'll lose everything. Make an effort to to stay away from betting and concentrate on investing in potential altcoin

I agree this is the difference of Investing in Bitcoin and gambling.  Gambling relies solely on chance and on its internal setup while  investment in bitcoin outcome relies on our quick thinking, research, action and adoptation on changes of prices.  Meaning there is a sign before the market move and reading it will definitely give us profit since we can benefits on the fluctuation of the market.
hero member
Activity: 676
Merit: 500
November 23, 2017, 07:42:59 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.

I think that you do not know the definition of gambling. Gambling is not defined by time and usage of internet.

It is gambling, if one is not careful enough, this person could lose money. For example one thinks that it is time for investment, he buys BTC, waits, BTC starts to grow , he is happy. Few days later BTC starts to drop and drops below his initial investment level, he starts to panic and sells his btc. One has to have experience and cool head. Not to mention leveraged trading BTC which is possible in some trading platforms,  there it is possible to lose BIG.
As your said, he is a gambler, but Bitcoin is not gambling because there are many people became the traders, investors in this field. Some people do not have time for trading Bitcoin, they have decided to become the holder of Bitcoin and never sell their Bitcoin below the base price (bought price). They are the real investors and Bitcoin gave them this opportunity.
member
Activity: 322
Merit: 10
November 23, 2017, 06:40:09 AM
Certainly, Bitcoin is a kind of money. It has own value. We use knowledge to trade and invest in Bitcoin. It is not a gamble.
Yes off course it’s not a gambling bitcoin is a digital currency and here always people are going to earn with profit because you can invest here and as well as it can teach you a lot of good things and gambling is totally different then bitcoin I think once if you lose in gambling so I’m sure you will not return back because gambling is not a good habit.
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