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Topic: Bitcoin is not gambling - page 81. (Read 20881 times)

jr. member
Activity: 53
Merit: 10
October 10, 2017, 10:53:57 AM
I strongly believe that Bitcoin is not gambling.

What I understand about gambling is what ever you earn by betting is called gambling. In bitcoin you can bet even with dollar, pounds etc. so Bitcoin is only cryptocurrency digimoney and it is not gambling.
full member
Activity: 269
Merit: 100
October 10, 2017, 10:45:45 AM
Yeah , a lot of people are afraid because bitcoin is highly volatile , so they consider investing into bitcoin is like gambling but that is not true you can make some descent profit from bitcoin every time you trade or invest by selling low and buying high its as simple as that.
hero member
Activity: 602
Merit: 500
October 10, 2017, 10:35:02 AM
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.
member
Activity: 77
Merit: 10
October 10, 2017, 09:43:20 AM
Of course, bitcoin is not gambling. Bitcoin is play a role as a currency and an investation.
They are just people who don't know about bitcoin. You must explain to them how bitcoin's system does work.
Like offline job, we can work to get bitcoin as payment and like gold, we can invest money in bitcoin.
sr. member
Activity: 490
Merit: 250
October 10, 2017, 09:32:27 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 of course it is not gambling. Bitcoin is a digital currency. It actually depends on how you use it. If you use it as a currency then there's no gambling at all. But by the time you enter trading, there's a bit of gamble there because the risk is just like you are gambling. But if you buy and hold till you can gain profit, it is not gambling; it is investing into something that you believe it will give you profit when the right time comes. So, that's all for my opinion.
if they think it as gambling, maybe they not trusting it and it their taking their move as a risk, even entering is a risk but we are not putting our decisions on luck alone since we need some skills and knowledge to be successful.

We can't deny that people have different ideas and opinions about bitcoin. But one thing is for sure we all know, especially to those people who really know about bitcoin that bitcoin itself is not gambling. Maybe there are some gambling sites that you can earn bitcoin but that doesn't mean that bitcoin is gambling.

It's not gambling. First of all, it's not a bad habit, but something that can come in handy. If you take serious business in the future you can make a lot of profit from this investment, it guarantees.
sr. member
Activity: 658
Merit: 250
October 10, 2017, 09:06:31 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 of course it is not gambling. Bitcoin is a digital currency. It actually depends on how you use it. If you use it as a currency then there's no gambling at all. But by the time you enter trading, there's a bit of gamble there because the risk is just like you are gambling. But if you buy and hold till you can gain profit, it is not gambling; it is investing into something that you believe it will give you profit when the right time comes. So, that's all for my opinion.
if they think it as gambling, maybe they not trusting it and it their taking their move as a risk, even entering is a risk but we are not putting our decisions on luck alone since we need some skills and knowledge to be successful.

We can't deny that people have different ideas and opinions about bitcoin. But one thing is for sure we all know, especially to those people who really know about bitcoin that bitcoin itself is not gambling. Maybe there are some gambling sites that you can earn bitcoin but that doesn't mean that bitcoin is gambling.
hero member
Activity: 1232
Merit: 503
October 10, 2017, 08:52:28 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.
they may assume that bitcoin prices often change very quickly. some people say gambling because bitcoin prices are very easy to change. maybe that's interpreted, but i also never thought that way.
bitcoin price changed every second because of the total active markets on it and people currently using the pair. people saying investing on bitcoin in gambling because every investment there is a risk present there are alot of types of gambling out there.
full member
Activity: 353
Merit: 100
https://luxantdigitalbank.com/
October 10, 2017, 08:09:29 AM
bitcoin is not gambling it is a good form of investment it is more like the share markets its price keeps changing from time to time just the share price rise and fall its market value keeps changing so is the reason people feel it like gambling because if they are lucky can get huge amount as profit or else they will have to wait for some time to get profit out of it.
legendary
Activity: 1596
Merit: 1011
October 10, 2017, 07:59:43 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.
they may assume that bitcoin prices often change very quickly. some people say gambling because bitcoin prices are very easy to change. maybe that's interpreted, but i also never thought that way.
sr. member
Activity: 569
Merit: 250
October 10, 2017, 07:58:35 AM
gambling is a type of gamble with the use of money or the like for something big under unfounded terms. different from bitcoin is a type of online business based on an agreement between both parties.
member
Activity: 83
Merit: 12
★Bitvest.io★ Play Plinko or Invest!
October 10, 2017, 07:56:42 AM
Bitcoin is currency.In gambling if you lose then you loose every money.But in bitcoin if you trading and you lose bitcoin,we gave minimum value of bitcoin.So bitcoin is not gambling.But someone use as gambling.It depends on user how to they use with theirs bitcoin.
copper member
Activity: 658
Merit: 284
October 10, 2017, 07:50:36 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.

Never mind the people. people like that are called "they" meaning they can never make anything good for themselves. Just focus on what you want and what you are doing. Never mind what other people are saying about what you like, trust or your plans. People will negative thinking will always try to advice you on what you are doing, and whenever you listen to them you will become one of them. Every entrepreneurship route you take has a risk so you should better take the one you trust the most. Cool
full member
Activity: 602
Merit: 102
October 10, 2017, 07:49:28 AM
Bitcoin in its context is a kind of currency. The way you invest in it, can only determine weather you are gambling or not. The price of Bitcoin fluctuate on a day to day basis and knowing when to buy or sell as to the factors behind the rise and fall in price is a determinant.
The summary of it is that, when you are doing the right thing, you are not gambling. Otherwise, you are said to be gambling.
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
October 10, 2017, 07:36:13 AM
Because they did not know what is bitcoin , And also they were not so understand history a medium of currency exchange
gambling is only part of the development for profit
staff
Activity: 3304
Merit: 4115
October 10, 2017, 07:36:04 AM
Anything in life is a risk. You'll be defined by the ones you take and the ones you don't. Anyone who uses the word gambling to discredit Bitcoin is providing a pretty weak argument. Banks are gambling and walking across the street is gambling. As long as you are sensible in your investments and aren't blowing your last penny on it. Then I don't see a problem with traditional gambling or "Bitcoin gambling".
full member
Activity: 322
Merit: 100
October 10, 2017, 07:33:10 AM
not gambling but investment, where we take advantage of price corrections that occur, for the layman who has not understood premises system must assume that bitcoin gambling.
sr. member
Activity: 588
Merit: 257
October 10, 2017, 07:20:42 AM
Anything that comes with speculation is gambling, so even if you are investing your money and time in bitcoin it is gambling. Trading in equity shares or playing in currency is also gambling because the rates of these tools are not fix they fluctuate from time to time. Same is the case with bitcoin, its prices goes up & came down as well. Still bitcoin is a safe as compared to other instruments because it is autonomous in nature. Cash currencies can get manipulated by the banks or by the governments, which is not possible in bitcon.
sr. member
Activity: 812
Merit: 251
UniDApp - it's DeFi time!
October 10, 2017, 06:58:43 AM
Gambling is only suitable for those who want to make quick money and take risks. I think this is very dangerous because the risk ratio is very high and certainly if you are greedy you will lose everything. My advice is to stay away from gambling and focus on investing in potential altcoin
bce
sr. member
Activity: 756
Merit: 250
October 10, 2017, 06:55:57 AM
I think bitcoin is not a gamble because we are not instant to get results and to my knowledge that our online gambling will not win and we certainly lose
full member
Activity: 364
Merit: 100
October 10, 2017, 06:53:29 AM
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 on how you treat it if you use it to gamble therefore we can call it as a gambling. Bitcoin for me is not a gambling but rather it is a source of income, we can use it for online transaction. Bitcoin is a big help for us.
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