Bitcoin is not gambling - page 92. | Bitcointalksearch.org

Quidat

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Quote from: Jgatsby on October 03, 2017, 03:04:40 PM

Somehow you're right but investing is gambling isn't it?, you'll never know if you will succeed or fail miserably. Though Generalizing Bitcoin as gambling is wrong, I think it's gambling when you put/invest/use your money into it when there is a risk you gamble, but if you're doing service to get paid it's different story.

Investment is just really like gambling but somehow you can able to apply your knowledge and skills which would really lessen the risk.Gambling would be could if you put up money without any preparations and knowledge on a certain kind of thing. Bitcoin generally is not gambling since its a cryptocurrency and there are lots of things on which you can make use of it.For example, Using bitcoin on your gambling habit then that's the time you can considered as gambling itself. Cheesy

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Somehow you're right but investing is gambling isn't it?, you'll never know if you will succeed or fail miserably. Though Generalizing Bitcoin as gambling is wrong, I think it's gambling when you put/invest/use your money into it when there is a risk you gamble, but if you're doing service to get paid it's different story.

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Quote from: bitbunnny on October 03, 2017, 02:27:17 PM

Bitcoin is for sure not a gambling. It's risky investment, that is true but gambling is based on pure luck, has no connection at all with economy, investment or some knowledge, it's just the game you can win or lose. Bitcoin is serious cryptocurrency that has established place in crypto finances so I don't like at all those comparisons with gambling.

I’ve had quite a few arguments on this subject. On a wide sense, anything that involves risk can be called gambling, but in a more narrow one, which I prefer, gambling involves risking money without making rational assumptions of the likely return you are going to get.

Gambling is not pure luck, as you say, there is mathematical rationality behind it. Anyway, whenever I discuss on the subject, people tend to have preconceptions on the subject and they are not open to change the view after rational debate.

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Bitcoin is for sure not a gambling. It's risky investment, that is true but gambling is based on pure luck, has no connection at all with economy, investment or some knowledge, it's just the game you can win or lose. Bitcoin is serious cryptocurrency that has established place in crypto finances so I don't like at all those comparisons with gambling.

xBitHodler

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Of course Bitcoin isn't gambling. If it was considered as gambling then what about stock market? You have to also predict what will happen and take some risk. Can people become addicted to Bitcoin? Yes, they can. Everything can addict you. Why do people have to hate everything they don't understand? I treat Bitcoin and other cryptocurrencies as a form of investment.

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Quote from: alihassan99 on September 27, 2017, 10:43:04 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 beg to disagree with your statement that Bitcoin is not gambling but merely investing your time and money. Investing anything that is valuable like time and money is gambling premised on the solid expectation that what you have poured in will increase in value in no time. Time, of course, does not increase in value but it sure is the best thing to invest in to earn in every business enterprise. It is a luxury that is important to all human race in order to function. It is rare that is denied to many. It is highly measurable as to the quantity but is extensively immeasurable as to the quality. It is by all means subjective. Thus, being valuable, it is a gamble to spend time onto something.

Meryn

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bitcoin is not a gamble, since bitcoin is one of the cryptocurrency currencies, called gambling is a project of ico that offers gambling. many ico are offering their projects moving in the field of gambling.

Arkhan.Cimot

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bitcoin is a digital currency that anyone can get it if you use it properly, if your bitcoin says it's a gamble you're wrong because you've gone wrong using bitcoin as gambling, many benefits of bitcoin like changes in the economy of the users and can meet all the needs of earning the bitcoin

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Quote from: panganib999 on October 03, 2017, 01:24:14 PM

Quote from: datodota002 on September 27, 2017, 11:29:35 AM

Quote from: alihassan99 on September 27, 2017, 10:43:04 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.

well it's depend on how you use bitcoin. when you investing to some of crypto with blind eyes i can call it gambling because you do investing based on fortune. but if you investing with do some research, analysis and good consideration. that's what i call beauty of trading

I can say that it depends on the opinion of every user or person because of they haven't have the right background or knowledge about bitcoin then I guess they will tell whatever they like about it. But for me I cannot see anything that we can consider bitcoin to be a gambling because also it depends how you use it, for or for bad.

Bitcoin isn't gambling. Depending how you are spending Bitcoins doesn't make Bitcoin = Gambling. You will be just gambling with Bitcoins, what is different. Bitcoin is just a virtual currency. As currency you choose if you spend it or if you hold.

The actions you execute with Bitcoin can be classified as gambling, not the currency itself.

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Bitcoin is not gambling. It's a currency that you need to work for it to earn it.

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Quote from: datodota002 on September 27, 2017, 11:29:35 AM

Quote from: alihassan99 on September 27, 2017, 10:43:04 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.

well it's depend on how you use bitcoin. when you investing to some of crypto with blind eyes i can call it gambling because you do investing based on fortune. but if you investing with do some research, analysis and good consideration. that's what i call beauty of trading

Well, I agree that it will depend on how you use it. In addition to that, you can use it as currency and investment. You can also use it to play in gambling. Lastly, some people always use it in gambling because playing in gambling will help you to gain more bitcoin but we know that its too risky.

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Quote from: datodota002 on September 27, 2017, 11:29:35 AM

Quote from: alihassan99 on September 27, 2017, 10:43:04 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.

well it's depend on how you use bitcoin. when you investing to some of crypto with blind eyes i can call it gambling because you do investing based on fortune. but if you investing with do some research, analysis and good consideration. that's what i call beauty of trading

I can say that it depends on the opinion of every user or person because of they haven't have the right background or knowledge about bitcoin then I guess they will tell whatever they like about it. But for me I cannot see anything that we can consider bitcoin to be a gambling because also it depends how you use it, for or for bad.

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Quote from: alihassan99 on September 27, 2017, 10:43:04 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.

what? Bitcoin is a currency same as US Dollar. Bitcoin is not literally gambling. But, it can be used to gamble. You should go and read what Bitcoin really is mate.

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Many online gambling giants, such as 5dimes and Bodog, have introduced bitcoin as a currency for replenishing and withdrawing deposits from their sites. More importantly, however, affiliated networks that are used in the online gambling industry are beginning to consider bitcoin as something mandatory, rather than optional.

In addition, Bodog founder Calvin Eyre made his prediction that bitcoin will continue to penetrate the online gambling industry in 2017.

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Quote from: alihassan99 on September 27, 2017, 10:43:04 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.

there are still many people who do not know about bitcoin.
so if anyone talks that bitcoin is a gambling.
then tell him to learn more about bitcoin.
for now the technology is very sophisticated and they can find out via the internet.

Ariess

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however people say it's their right. however knowledge is important to know everything. whatever it is we remain engaged in bitcoin and continue to be involved because we can be independent and live more freely without pressure

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Quote from: alihassan99 on September 27, 2017, 10:43:04 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.

Bitcoin is more or less piece of algorithm which we exchange as currency, asset and much more as you would like to call it. Gambling is different thing and it's not even closer to the word of bitcoin. Bitcoin gambling would be the one which is put into dice games, hi-lo ga es etc where you have to try out your luck with a chance and all that kind of stuff. Those who call it as gambling are the one who don't really understand it. :-)

black014

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bitcoin is digital currency that make people rich, it is not a gambling. it's depend on you if your bitcoin is invest to some gambling site that is call gambling did you get that? bitcoin is the best way to income and profitable source of daily needed income..if the bitcoin is the form of gambling i am sure that the bitcoin is never ever made an legal currecy to all country. right..?

senne

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Bitcoin is a crypto currency and exhibits all the qualities of a virtual money, there is no way one can Bitcoin can be compared to Gambling. Gambling can be defined as taking risk in hope of better results, one can put some money in casino, betting or any other sport. In gambling only thing which works is probability but when you put money in Bitcoin can be termed as Investment rather than Gambling, moreover Bitcoin being a currency is further used by the people for Gambling but having Bitcoin cannot be termed as Gambling.

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It depends on how you are trading it. Any market that you are trading can become either trading / investing or gambling depends on do you have a risk management or not.

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