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Topic: Bitcoin is not gambling - page 96. (Read 20881 times)

member
Activity: 84
Merit: 10
September 30, 2017, 07:10:32 AM
Bitcoin is the currency. You can not say money is gambling. But if you capitalize your money and turn it into bitcoin this is gambling. Because you risk getting your money inflated in hopes of going up in the next few days, but you know it might also go down. There are still winners or losers, so the point is still gambling. The process is gambling, not the bitcoin itself.
hero member
Activity: 1470
Merit: 502
September 30, 2017, 12:15:08 AM
Many people who do not know that bitcoin think bitcoin is gambling. Maybe they do not know that bitcoin is a currency. So from this I want to tell and explain about bitcoin to a blind person
hero member
Activity: 1036
Merit: 500
September 30, 2017, 12:01:29 AM
I think Bitcoin is not a gamble, Bitcoin can be said to gamble if you play gambling using Bitcoin and you get Bitcoin by gambling.
full member
Activity: 1344
Merit: 102
September 29, 2017, 11:58:46 PM
bitcoin is not gambling, for me bitcoin is money, but if you invest using your bitcoin so its like a gambling to me because if you invest you just wait bitcoin to pump up then you sell your bitcoin if you reach the price to sell so you can get your profit its like gambling that you bet to win.
full member
Activity: 350
Merit: 100
September 29, 2017, 11:52:10 PM
100% sure Bitcoin is not gambling. Bitcoin is world digital currency. There are many way to earn Bitcoin but some people use it in gambling maybe that's why other called it gambling. So to clear that Bitcoin is a virtual currency a medium that is used in different transactions like in trading and investing and others. Smiley Smiley
sr. member
Activity: 924
Merit: 255
September 29, 2017, 11:49:37 PM
It depends on how peoples treat bitcoin like what / use bitcoin for good things or vice versa. It's true, bitcoin is not really not good used for gambling, there are many other things that seems more positive than gambling with bitcoin. But indeed, bitcoin has still freedom's properties of used by people and hasn't really been arranged completely, so everyone is still entitled doing anything with bitcoin it has. I just hope that all the negative impacts on bitcoin will be more decrease, and bitcoin can continuesly to be good viewed across the countries.
member
Activity: 98
Merit: 10
September 29, 2017, 11:48:07 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 gambling i think because the price of bitcoin is very unstable, you can win nor lose because of its price. Time and money is one of the main source of income in this forum.
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
September 29, 2017, 11:47:06 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.
I think people say bitcoin is gambling because some users use bitcoin in gambling. So for them to be enlightened what bitcoin really is, we should teach them how to use it and in that way they may know bitcoin and be interested in doing it. Actually, I really thought bitcoin is gambling at the first place because of my classmates but they taught me how so now I am using it.
sr. member
Activity: 910
Merit: 260
September 29, 2017, 11:45:41 PM


so who is bitcoin is gambling ? just like forex is not. there is always a saying that it is gambling. always the religious side brought. it's useless nowadays. technological progress can not be reclassified. forget the old ways because we have not lived in the past.

When there is a risk involved, there is also an element of gambling in it but this is not the same definition of gambling like that in a casino where the chance to make big money is always slim. In Bitcoin and even in cryptocurrency trading there are ways and strategies to minimize risks inherent in any transaction. It all boils down actually to your mindset.

Bitcoin is not a gambler. Gambling is you put the money you cannot get back is the gambling you have luck you can get money in the gambling. You put an effort in the bitcoin you can get the profit. Gambling is not following rules and it is more pepole loss in the gambling you have luck you get the money it the gambling. Bitcoin is the profitable one
member
Activity: 98
Merit: 10
September 29, 2017, 11:30:35 PM
Without any work you bet your money for its multiple amount expecting of winning is gambling

Bitcoin is a crypto currency  just moment how it would be gambling.

So Bitcoin is not gambling.
sr. member
Activity: 1008
Merit: 355
September 29, 2017, 11:19:56 PM


so who is bitcoin is gambling ? just like forex is not. there is always a saying that it is gambling. always the religious side brought. it's useless nowadays. technological progress can not be reclassified. forget the old ways because we have not lived in the past.

When there is a risk involved, there is also an element of gambling in it but this is not the same definition of gambling like that in a casino where the chance to make big money is always slim. In Bitcoin and even in cryptocurrency trading there are ways and strategies to minimize risks inherent in any transaction. It all boils down actually to your mindset.
full member
Activity: 322
Merit: 100
September 29, 2017, 11:17:31 PM
Investment is a gamble in the sense that you take risk (whether big or small) no matter what. Investing in crypto with fiat is indeed gambling to a certain extend in my humble personal opinion!
legendary
Activity: 1414
Merit: 1001
September 29, 2017, 11:13:38 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.
Totally agree with this idea Bitcoin  was a product of technology mainly used as a currency over the internet , It's just that the price of bitcoin was very volatile that Holding it for a long period of time may depreciate or appreciate its value , but if you used it to send money just to save fees on money remittance then it is not gambling you just utilizing the technology .
maybe those who say gambling because they see bitcoin prices that often experience up and down quickly. bitcoin volatility is very high because it all depends on market conditions that are trusting bitcoin or not and also how much bitcoin demand in the market. this will all affect bitcoin prices and this is their main reason. but I think this is just an option, because basically bitcoin is created as a digital currency that has the same function as conventional currency. Another feature is bitcoin can be used as an investment, such as trading. indeed the risk is quite large because of the movement I have mentioned, but the clear gambling is very different from bitcoin. bitcoin is a new technology in doing financial transactions, while gambling is something that can not be mentioned math because gambling is only a bet on a hope.
sr. member
Activity: 638
Merit: 300
September 29, 2017, 11:03:43 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 it true, Bitcoin is not gambling. Bitcoin is a way to help you earn money. It is rather an opportunity to have an investment. We can even earn money without investing capital, so it is not gambling. We use technology, it is because we have a modern society. We can use inernet to do bitcoin coin in return we earn amount of money which it can help us financially.
full member
Activity: 308
Merit: 105
September 29, 2017, 11:03:08 PM
Bitcoin is not gambling because Bitcoin is a currency. But Bitcoin can be gambling if you put it on gambling site Grin Grin
if you just keep it, it's investment
member
Activity: 112
Merit: 10
September 29, 2017, 10:41:40 PM
I feel bitcoin not to gamble but only digital currency that we have to mine day-to-day and bitcoin prices go up.
full member
Activity: 1190
Merit: 212
★Bitvest.io★ Play Plinko or Invest!
September 29, 2017, 10:29:27 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.
maybe many people just know bitcoin can be generated from gambling only
not from investment and from bounty
if people go deep into bitcoin or play a forum here maybe he will not say it bitcoin can be generated from gambling only
sr. member
Activity: 434
Merit: 250
Free Crypto in Stake.com Telegram t.me/StakeCasino
September 29, 2017, 10:28:23 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.
Totally agree with this idea Bitcoin  was a product of technology mainly used as a currency over the internet , It's just that the price of bitcoin was very volatile that Holding it for a long period of time may depreciate or appreciate its value , but if you used it to send money just to save fees on money remittance then it is not gambling you just utilizing the technology .
full member
Activity: 154
Merit: 105
September 29, 2017, 10:21:24 PM
No, is a technology that one invests into. There's continuously a risk, however it's not gambling if you're invested in a company that's achieving results !

Bitcoin isn't a company.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
September 29, 2017, 09:18:48 PM
of course bitcoin is not gambling. bitcoin is created to simplify transactions on the internet. besides, many use bitcoin as a transaction tool. it's just like money, even money like dollars is also commonly used for gambling games.
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