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Topic: Bitcoin is not gambling - page 82. (Read 20867 times)

newbie
Activity: 17
Merit: 0
October 10, 2017, 07:51:38 AM
who said bitcoin is gambling? i think they don't know what bitcoin is and  then heard bad things about bitcoin.
full member
Activity: 392
Merit: 101
October 10, 2017, 07:49:08 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.

same with your opinion about bitcoin not gambling it is trade.
but you interisting money to trade, invest in bitcoin because will price always rise.
bitcoin future world
sr. member
Activity: 560
Merit: 250
October 10, 2017, 07:45:43 AM
Its true, some people who are unfamiliar with internet world, assume bitcoin is no different with gambling and that's what happened to people around me. They assumed that i was gambling, when they saw i was posting in this forum. And it becomes very annoying.
sr. member
Activity: 784
Merit: 251
October 10, 2017, 07:42:04 AM
Ofcourse its not a gamble if you understand the concept and reasons WHY its actually increasing in value.
Bitcoin can be said to be a gamble if you join the community or play gambling. if you do not gamble then Bitcoin is not a gamble. Grin
hero member
Activity: 2590
Merit: 644
October 10, 2017, 07:32:56 AM
Bitcoin is very different from gambling. Yes it can be used for gambling and casinos but that does nit mean that it is already gambling. Bitcoin is a form of investment wherein the price accumulates or depreciates and it is similar to stock exchange.
Yes its true it’s not a gambling it’s a digital currency and here you van also learn a lot of things about trade, business, investment, mining etc. bitcoin is actually a currency and here you can also do a daily trade or you can do investment with this currency you can buy things or you can use it for your daily expanse and in gambling you can loss things and money.
If you don't have any idea or knowledge about bitcoin and you will just put your money here in bitcoin without even studying what is bitcoin then that is when you are gambling in bitcoin because you just making greedy moves that doesn't have any support of knowledge or ideas that is from you. So it is better to research or study so you will not gamble any of your money.
sr. member
Activity: 1236
Merit: 252
October 10, 2017, 06:01:35 AM
Bitcoin is very different from gambling. Yes it can be used for gambling and casinos but that does nit mean that it is already gambling. Bitcoin is a form of investment wherein the price accumulates or depreciates and it is similar to stock exchange.
Yes its true it’s not a gambling it’s a digital currency and here you van also learn a lot of things about trade, business, investment, mining etc. bitcoin is actually a currency and here you can also do a daily trade or you can do investment with this currency you can buy things or you can use it for your daily expanse and in gambling you can loss things and money.
hero member
Activity: 854
Merit: 501
October 10, 2017, 03:44:53 AM
I also agree with your opinion, many think that bitcoin is a place for gambling. They do not know what we actually do, they just look at us from the outside only and speculate without clear evidence.
Actually there are some creature on earth, just foolish one, who are using bitcoins in gambling. They want to double and triple bitcoin by getting into gambling. However there are so many ways of increasing your bitcoins like you just mentioned mining, trading, advertising and campaigning and much other, just a little need to explore.

full member
Activity: 546
Merit: 100
October 10, 2017, 12:45:18 AM
Yes I agree bitcoin is not gambling it’s simply the reward of work you have done. It’s simply a job through which people are getting amount of that work done. Bitcoin is digital currency and many countries are accepting now days. Therefore we can’t say that it is gambling it is simply the online job for peoples.
sr. member
Activity: 567
Merit: 250
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October 10, 2017, 12:33:13 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.

Perhaps what they meant when they use gamble is that you are gambling your money for investment whose return implies some risks. You are also gambling your time as well as your efforts in fulfilling tasks and work that might all end up useless. You are also paying for your internet. These are all considered gamble. Well, at least in its broad sense.
full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
October 10, 2017, 12:05:13 AM
who said that bitcoin is gambling. It is a currency, a digital currency. We give our important time to this, we take risk by investing there,after all of this how can be it is a gambling. Really sily talk! Lips sealed Angry
member
Activity: 140
Merit: 10
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October 09, 2017, 10:14:20 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.

At first I thought it was gambling. But when I knew what is the real behind this bitcoin this isn't a gambling
legendary
Activity: 2646
Merit: 1106
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October 09, 2017, 09:36:46 PM
i agree with your opinion about bitcoin is not gambling. you provide money to buy bitcoin, invest in btc and time. because btc will always rise. just be sure to patiently wait for the rising btc  Smiley
Yes, but at the beginning what people think is that it's similar to gambling where knowing about bitcoin itself makes us risk without much efforts. Only when they get into it and starts experimenting understands about the true fact and the efforts required to multiply the earnings through bitcoin.
full member
Activity: 350
Merit: 100
October 09, 2017, 09:33:44 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 some people they said that bitcoin is gambling but for me bitcoin is not gambling it will help so much for all people like me but  you ca use bitcoin to go in some gambling so that's why many people try and saying about that bitcoin is a gambling. Huh
newbie
Activity: 54
Merit: 0
October 09, 2017, 09:28:40 PM
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank so it is not a gambling but if you use bitcoin by playing games of chance for money or some betting, you can called it gambling.
full member
Activity: 196
Merit: 100
October 09, 2017, 09:14:27 PM
i agree with your opinion about bitcoin is not gambling. you provide money to buy bitcoin, invest in btc and time. because btc will always rise. just be sure to patiently wait for the rising btc  Smiley
sr. member
Activity: 532
Merit: 284
October 09, 2017, 08:59:28 PM
In a way it is mate. Even not in just a way, sometimes it is pure gamble. Depends what decision you make and based on what.
Well you could say that, I mean I think its in the middle or something. If you would put it as simple as it is then it should go like this: You wanted to invest in a coin that currently has a high value exchange to fiats and will make you a lot of profit (that's not gambling), but you don't know when it will be a good time to sell, should you wait or should you just don't make any hesitation and just go buy or sell the coin (that's gambling). So basically, everything that makes you to 'decide' that's already gambling, money-wise or not, it is what it is.
legendary
Activity: 1190
Merit: 1002
October 09, 2017, 03:52:48 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.

The meaning of gambling in bitcoin is due to its situation varies according to each country as some state it as illegal and some state it legal and if tomorrow every one declares it illegal then nothing can be done. So it is totally risky just like gambling.
member
Activity: 77
Merit: 10
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October 09, 2017, 03:29:41 PM
Why would anyone think that Bitcoin is gambling? You can compare Bitcoin to a normal currency. Is exchanging your money to a different currency considered as gambling? Of course not! For me, investing in cryptocurrencies is a long term investment with a small risk if you know what you are doing. If we considered Bitcoin as gambling then stock exchanges should also be.
sr. member
Activity: 644
Merit: 299
October 09, 2017, 03:26:13 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

I understand why some people may want to consider purchasing bitcoin as gambling at this stage, after all here is the dictionary definition of gambling
Quote
take risky action in the hope of a desired result.
However, calling Bitcoin itself gambling is not right, it is a digital currency and sure do have great value. Purchasing Bitcoin at this early stage when it is still being contemplated whether to be adopted by most countries or users is why we can consider it as a mid risk investment which obviously amount to its huge volatility presently.
full member
Activity: 742
Merit: 100
October 09, 2017, 03:13:10 PM
Why bitcoin will be a gambling . Bitcoin is a Digital Coin. It use only for coin or cash . many people called it's name is cash money. Any coin never be a gambling. If one person use for gambling in any website that means coin is not gambling , man use it or gambling so we should not told that bitcoin is gambling.
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