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Topic: Bitcoin is not gambling - page 61. (Read 20881 times)

hero member
Activity: 1666
Merit: 502
November 08, 2017, 10:27:11 PM
you do not need to explain it you just need to prove that bitcoin is not gambling but digital currency. I wonder where they got information about bitcoin so it says the wrong thing. although the digital currency is more often used in online gambling because it gives advantages to online gamblers.
newbie
Activity: 14
Merit: 0
November 08, 2017, 09:55:16 PM
Bitcoines itself is not gambling, earning it with the right way by spending and investment your time but if you are trying to earn it illegally by using sites which promote gambling in bitcoines.
newbie
Activity: 22
Merit: 0
November 08, 2017, 09:36:57 PM
Of course not. I don't know why people can think like that. Bitcoin is the best cryptocurrency for now and it's changing the world day by day. Nowaday we can use Bitcoin as a payment method and it's very convinient. Beside a lot of people can easily earn money from Bitcoin just by buying and holding. Of course there are also some risks if anyone want to earn money from Bitcoin but it's not a big problem cause you only lose your money if you're 0 experience guys and still want to earn money from it without spending time to learn about it.
member
Activity: 210
Merit: 10
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November 08, 2017, 09:33:24 PM
saying bitcoin is gambling is not true, bitcoin is a currency which is used for investors to trade and make investments, it is not easy like gambling to earn money because we must use the head to figure out to trade or not, because if we choose wisely we can earn a huge profit not just like gambling throw your money into casinos and can not get anything back.
hero member
Activity: 938
Merit: 501
November 08, 2017, 09:31:43 PM
We read statements by many people and institutions that investing in Bitcoin is a gamble. They are rightful, because in Bitcoin market volatility is very high, uncontrolled and very risky for small investors. There is a lot of risk as it is in the gamble. Do you sometimes think that the Bitcoin price fluctuates at very high percentages? .
newbie
Activity: 7
Merit: 0
November 08, 2017, 09:31:10 PM
all investment is a gamble, bitcoin is an investment, bitcoin is a gamble. mic drop
member
Activity: 68
Merit: 10
November 08, 2017, 09:29:34 PM
Bitcoin is an investment, not a gamble. Smiley
newbie
Activity: 56
Merit: 0
November 08, 2017, 09:26:22 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.

brother you are only trying to justify this because of your religion.
full member
Activity: 268
Merit: 100
November 08, 2017, 09:10:41 PM
It is sorta like gambling, but it isn't. I mean, its worth depends on how and when you invest it since its value goes up and down unpredictably. It's still a good investment in my opinion. So you are right, it's not gambling.
full member
Activity: 238
Merit: 112
November 08, 2017, 08:57:11 PM
Well it depends on how you would use your bitcoin. For me bitcoin is a gambling correct me if im wrong its only an opinion. Trading or investing is a gambling for me because you will have a bet here if you are buying a token to sell it with a higher price. You dont have a assurance if you can earn or you will lose your money.

Of course Bitcoin is not gambling. But as you said, it also depend on the term of use. If we use Bitcoin to buy and risk our money for profit, I think that is a little bit of thing called "gambling". That because we do not know, whether the price of Bitcoin will rise or fall in the future. But we must take our chance and embrace the risk to get something good. I think, everything that happen in our lifes are risk and choice.
full member
Activity: 302
Merit: 120
November 08, 2017, 08:53:38 PM
of course I've heard of bitcoin is gambling, even more sad again those who have never bitcoin transaction loudly say bitcoin it is gambling, so I think bitcoin certainly not gambling but like gold, you invest if the price goes up directly sold, those who say bitcoin gambling of course those who do not understand bitcoin or have never done a transaction with bitcoin
full member
Activity: 406
Merit: 100
November 08, 2017, 08:42:00 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.

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.  Because you take a risk investing your money to a volatile currency hoping it would rise up in the coming days,  but you know it might also drop.  There is still win or lose in it,  so basically its still gambling.  The process is gambling,  not bitcoin itself.

Agreeing with this. Investing in bitcoin has a great risk because unlike the stock market(which is also risky) that has a basis of prediction like "Bollinger bands", bitcoin cannot be predicted by just simple observation in the behavior of its trend. It's stochastic. So yeah, investing in btc is a great gamble but no question that if you're lucky, surely btc is a great source of profit.
newbie
Activity: 182
Merit: 0
November 08, 2017, 08:41:09 PM
Well it depends on how you would use your bitcoin. For me bitcoin is a gambling correct me if im wrong its only an opinion. Trading or investing is a gambling for me because you will have a bet here if you are buying a token to sell it with a higher price. You dont have a assurance if you can earn or you will lose your money.
sr. member
Activity: 568
Merit: 250
November 08, 2017, 08:29:10 PM
Bitcoin is more on investment and currency. Gambling is when you put money on something with a high profit but low percentage of winning and its a game between luck. Bitcoin is an investment where you put your money online , trading them, buy and sell and earning profits to your efforts.


I strongly agree that bitcoin is not a gambling, people who consider bitcoin is a gambling maybe because they are not  considered bitcoin as a currency but they just buy bitcoin for bets their fund in bitcoin with afraid.
sr. member
Activity: 2422
Merit: 357
November 08, 2017, 08:09:14 PM
Bitcoin is more on investment and currency. Gambling is when you put money on something with a high profit but low percentage of winning and its a game between luck. Bitcoin is an investment where you put your money online , trading them, buy and sell and earning profits to your efforts.
member
Activity: 98
Merit: 17
November 08, 2017, 05:54:51 PM
Bitcoin is not gambling, because it was a crypto currency that used to excel human life, it will turns to gambling if we used it for evil.
Moreover, bitcoin will becoming gambling if they were abused it and used it for bad thing.
sr. member
Activity: 644
Merit: 255
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November 08, 2017, 05:54:38 PM
I think that it is the great platform to inveat money for long term investment.Every bussiness is a risky way to invest money we dont know that it will survive or not like wise investing in BITCOINS is also a some how risky way. But i think that it is a great work doingby some team members. The people are investing in BITCOINS and getting good result out of it.If you have to get some money in your pocketa then you have to take some risk also.
Earning big profit from something has risk. Bitcoin is sort of gambling because your investing on something but not like gambling that no assurance if going to win or lose or going to earn profit. There is lot of opportunity in bitcoin to become success and gain more profit by just holding your coins wait for the price to pump up.
full member
Activity: 294
Merit: 100
November 08, 2017, 05:47:44 PM
I think that it is the great platform to inveat money for long term investment.Every bussiness is a risky way to invest money we dont know that it will survive or not like wise investing in BITCOINS is also a some how risky way. But i think that it is a great work doingby some team members. The people are investing in BITCOINS and getting good result out of it.If you have to get some money in your pocketa then you have to take some risk also.
sr. member
Activity: 635
Merit: 251
November 08, 2017, 05:42:54 PM
Every investment is a gamble in some way.

People might have invested in bitcoin a few weeks ago with the upcoming fork in mind, in hindsight you could say it was a gamble.
full member
Activity: 177
Merit: 102
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November 08, 2017, 05:38:44 PM
Well based on some definitions of gambling, such as "taking risky actions with the hope of a desired outcome" then investing in bitcoin is gambling. A few people I've spoken to have immediately thought of bitcoin as gambling but for me I do not see it in such a way. Even skill games like poker are not gambling to my mind, if you are skilled enough and sensible you will profit in the long term.
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