Bitcoins & Gambling | Bitcointalksearch.org

BelMarduk

newbie

Activity: 14

Merit: 0

Quote from: MartinReynolds on May 05, 2013, 05:22:43 PM

Quote from: Jan-Jac on May 05, 2013, 05:04:45 PM

Well it is a gamble because you din't know if BTC will be at $100 next month or $200 or $40 or $20. Some people think it could never go back to $20 but it is very possible. But if you buy and it starts to tank on you, just sell before it gets too bad, just like with the stock market.

That's how the market crashes, everyone panic sells and then it drops.

Regards,

Martin.

Yah, what he said. Cool

leadnor

member

Activity: 119

Merit: 10

For the Community! By the Community!

Well, BTC is a gamble at this point. but if you keep close watch it is a gamble with high rewards. Plus If you are like me and dont pay for electricity. Its not really a gamble at all hehe

MartinReynolds

newbie

Activity: 14

Merit: 0

Quote from: Jan-Jac on May 05, 2013, 05:04:45 PM

Well it is a gamble because you din't know if BTC will be at $100 next month or $200 or $40 or $20. Some people think it could never go back to $20 but it is very possible. But if you buy and it starts to tank on you, just sell before it gets too bad, just like with the stock market.

That's how the market crashes, everyone panic sells and then it drops.

Regards,

Martin.

Jan-Jac

newbie

Activity: 8

Merit: 0

Well it is a gamble because you din't know if BTC will be at $100 next month or $200 or $40 or $20. Some people think it could never go back to $20 but it is very possible. But if you buy and it starts to tank on you, just sell before it gets too bad, just like with the stock market.

btcnewb123

newbie

Activity: 8

Merit: 0

I don't think it's gambling. I see it more of an investment. It's like investing in stocks except in a different way.

bornloser

newbie

Activity: 28

Merit: 0

What I mean by gambling is buying at exchanges waiting for the value to go up and sell as well as the short term trader. There has to be quite a few millionaires out there. Just having a chance. When I was a kid there were not anyways you really could make real quick money.

wonko

full member

Activity: 155

Merit: 100

It's as much a gamble as buying stocks. Depending on how informed you are can sway how much risk you are taking but in the end you'll just have to see what happens

pencileraser

newbie

Activity: 13

Merit: 0

"Does everyone think its' gambling" - Everyone who ISN'T into Bitcoins think it's gambling lol

MartinReynolds

newbie

Activity: 14

Merit: 0

Buying Bitcoins is more investing for people who like to take a risk, although you can gamble with all these new gambling sites popping up everywhere.

Regards,

Martin.

bornloser

newbie

Activity: 28

Merit: 0

Does anyone else think that buying bitcoins is gambling? I think it is and I think its great. Alot of people look at them as/for other things but thats for another discussion. Its great that younger kids have an honest way to make some coin for their pocket. Which something like this was around when I was a kid.

Topic: Bitcoins & Gambling (Read 516 times)