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Topic: Bitcoin is not gambling - page 80. (Read 20881 times)

full member
Activity: 212
Merit: 100
October 15, 2017, 12:06:02 AM
bitcoin many say it's a gamble, but for me whatever it is I just run what i should do with bitcoin, but not gambling.
hero member
Activity: 1078
Merit: 501
October 15, 2017, 12:01:35 AM
Bitcoin is not gambling but many gambling uses Bitcoin so many consider it's gambling.
We can't consider bitcoin as a gambling, because bitcoin and gambling is a different thing, we can just use bitcoin to bet in gambling to earn bitcoin but it is not the same.
hero member
Activity: 2912
Merit: 556
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October 14, 2017, 11:49:54 PM
Bitcoin is the currency. But if you invest your money and turn it into bitcoin, now this is gambling. because you put a bet and expect to win or lose, and sell when the price is high and buy when the price is low. so the gambling is the process of getting it, not the bitcoin.  Wink

Some people called its gambling because they actually gamble their money and not really sure for what happen after they invest their money. And we all know that the price is not permanent so we are not sure if what happen to the price tomorrow, it can be rise of down.

if that person is only buying bitcoin without doing analyze, then its mean he is gamble with his money and we don't recommended he doing like that. every traded which we do with analyze is not gambling because we are determine the price we want to buy or sell and then we analyze the trends, the order order buy and sell position and everything else so we can know what price we can place in order buy or sell. if we don't do like this, then we can loss everything we have in any second and we can not make any profit at all.
sr. member
Activity: 322
Merit: 253
October 14, 2017, 11:33:17 PM
Of course Bitcoin is not gambling, Bitcoin is a currency and a currency value always fluctuates everyday but in this case, Bitcoin fluctuates more than any currency. Bitcoin may gain or lose up to 30% in one day, which means it is so volatile. Bitcoin is also limited to 21 million coins which means this is a currency that is going to rise in value overtime.
hero member
Activity: 3010
Merit: 629
October 14, 2017, 10:42:56 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 its not gambling, bitcoin is a virtual currency that can be use to purchase items online, pay bills or loading your phone.

The price of bitcoin is volatile and because of this many users are investing, in this situation its like gambling because we risk our money with no assurance of earning.

However investing your money in btc is way better than to gamble it. In btc, you can monitor your earnings and pull it out if youre already contented.
full member
Activity: 128
Merit: 100
October 14, 2017, 10:25:00 PM
Bitcoin is a currency. All ways of earning profit gonna take a risk to have it. Maybe bitcoin is used in gambling but bitcoin is not a gambling
full member
Activity: 322
Merit: 106
October 14, 2017, 10:18:54 PM
I think it is not the point why they say it is gambling ... I guess they comparing the bitcoin to gambling whichbis risky and have give and take when you invest in related about ctyptos..
I think that is why they said it is gambling hehehhehehe
Aba
full member
Activity: 431
Merit: 100
October 14, 2017, 10:15:52 PM
of course not, because it is not like guessing what number will come out, needed analysis and understanding about bitcoin. and to get bitcoin not just by trading alone, can by mining. if the mining required adequate equipment to be able to get bitcoin.
full member
Activity: 518
Merit: 100
October 14, 2017, 09:49:23 PM
Bitcoin is the currency. But if you invest your money and turn it into bitcoin, now this is gambling. because you put a bet and expect to win or lose, and sell when the price is high and buy when the price is low. so the gambling is the process of getting it, not the bitcoin.  Wink

Some people called its gambling because they actually gamble their money and not really sure for what happen after they invest their money. And we all know that the price is not permanent so we are not sure if what happen to the price tomorrow, it can be rise of down.
hero member
Activity: 854
Merit: 500
Nope..
October 14, 2017, 09:09:17 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.

So many governments are looking at ways to get a piece of the action.  Categorizing as “gambling” is just one.  Others see it as investing.  Cities all over the US and beyond are trying to figure out how they can tax online sales originating in their jurisdiction.  You think crypto is cool?  You should see some of the suggestions proffered to “control” crypto (and their profits).  Your local municipality is in a long line of government organizations trying to reinvigorate their budgets out of desperation.
member
Activity: 307
Merit: 10
October 14, 2017, 09:01:23 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.

People saying bitcoin is gambling maybe before they experience a scam or gambling in an online job. Therefore, they think that all online job are the same, all online job are gambling, scam, fake, etc. But if someone tell to them who is expert in bitcoin will explain to them that bitcoin is legit, and show some evidences there is possibility that they will convinced to try bitcoin.
full member
Activity: 468
Merit: 100
October 14, 2017, 07:31:03 PM
Bitcoin is the currency. But if you invest your money and turn it into bitcoin, now this is gambling. because you put a bet and expect to win or lose, and sell when the price is high and buy when the price is low. so the gambling is the process of getting it, not the bitcoin.  Wink
newbie
Activity: 43
Merit: 0
October 14, 2017, 07:08:48 PM
Bitcoin is only gambling when you invest your bitcoin in altcoins lol. Bitcoin is a very good investment along with many altcoins.
member
Activity: 294
Merit: 10
October 14, 2017, 06:35:03 PM
You are right thinking Bitcoin is not gambling it is just digital currency but Bitcoin price is up and down thats why many peoples says its gambling or like as bubble but i am not agree with this people its their wrong thinking.
only difference is how to get bitcoin that make different opinion, if we buy bitcoin and store it for sale in the future with hope price rise then it become kind of gambling, but if we collect bitcoin from our business and sell it then it is not gambling but kind of work
hero member
Activity: 1498
Merit: 586
October 13, 2017, 03:16:16 PM
No one ever said that it was Gambling. You are in a different world than us if you heard that statement, if that is from your family or friends, have them erased from your life, because they are nuts. Facts grind the wheels of our trades and while some are just guessing while holding a chart in their hands, it is still hitting at higher odds than any casino game out there.
yes it is not gambling indeed but we need to take a risk in our every actions, because we need it, all our works has a risk to be taken in order for us to move to the next round and to improve our skills and not only that but to improve our bitcoin skills too.
hero member
Activity: 729
Merit: 500
October 13, 2017, 03:08:53 PM
Bitcoin is used for gambling purpose, but is far away to be considered a gamble, all which invested into bitcoin were due to the low transaction fees, secure and safe transactions, and the be your own bank has been the main features that bitcoin had bringed back to us, bitcoin did returned back the power to the people that banks and countries take to them.
full member
Activity: 350
Merit: 100
October 11, 2017, 07:06:53 AM
Everything in the world has both good and bad effect. But it depend on the person that how he want to use it. Just like that bitcoin is a money if you want to use it for good things than its good for you but if you want to use it for bad thing like gambling etc then off course its bad.
sr. member
Activity: 490
Merit: 250
October 10, 2017, 11:30:22 AM
If you are buying bitcoin to use it for gambling then maybe your definition or understanding for bitcoin is a token that used for gambling. But if you will dig deeper you will know that bitcoin was created to make transaction faster and convenient and an investment where you are the one who takes control of your money.
legendary
Activity: 1218
Merit: 1000
October 10, 2017, 11:04:44 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. Bitcoin is a currency that we used in order to buy, pay or we used in some transactions. Bitcoin can be used in gambling games like dice game, betting or even color game. Bitcoin isn't a gambling but it is used to gambling. Bitcoin is only the instrument we used in gambling. People are very judgemental. They must knownthe difference of it.
true, in addition, gambling is an investment tool that is currently very often to use. well, bitcoin can mean gambling if you really want to get bitcoin from gambling game. well, everyone's thinking is different, which I just think that bitcoin is not gambling.
full member
Activity: 346
Merit: 103
October 10, 2017, 11:02:19 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. Bitcoin is a currency that we used in order to buy, pay or we used in some transactions. Bitcoin can be used in gambling games like dice game, betting or even color game. Bitcoin isn't a gambling but it is used to gambling. Bitcoin is only the instrument we used in gambling. People are very judgemental. They must knownthe difference of it.
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