Topic: Bitcoins labelled a gambling device (Read 13215 times)
He's a good businessman and a good investor in stocks but it's clear to see that this guy does not have an inch of a care in bitcoin. "Bitcoin doesn't reproduce. It doesn't speak to you." He's a businessman but he don't know the essence of being unique in investments.
Earlier bitcoin was much used on gambling and dark market. This surely had a negative opinion among the people as people will get to know about the negative things relative to bitcoin very easily than the good associated with it. Gambling has helped with a big circulation of bitcoin during its earlier days when bitcoin was not much recognized to be a valued asset. Now people knew better and they take it in the right way.
He’s not a stupid man and he propbably has his reason to think so, as well as his sources. but he’s just human and human make mistakes. Not because they’re stupid but because they have to evolve.
~ snip ~
Obviously no, it is not a gambling device as a whole. Yes maybe some of us when bored, like me when I'm bored, I usually play where I play to ease my boredom and I even earn money while playing, and I am not the only one to do that, many of us do that, but to label bitcoin as a gambling money, that is not right. Yes it can be use in gambling but that is not the only purpose of bitcoin, it can be used in trading and even in purchasing items. So no, bitcoin isn't a gambling device. when he say gambling device he does not mean that bitcoin will be only use as bets to play online gambling but i think he generally means that bitcoin is like a gambling becuase once you own a bitcoin , the value of it can suddenly rise or fall ( risky in short , like playing a gambling ) . i do agree on the person who said it but this isnt new to us , people are already used to it . being volatile is not a disadvantage but its an advantage
https://ihodl.com/topnews/2019-05-05/warren-buffett-claims-bitcoin-gambling-device/
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
Bitcoin does not share the opinion or views of any gambling site that uses bitcoin.
Bitcoin itself has nothing to do with it.
Use clams on just dice it is funner anyways, I want to make a justdice with 0% edge, I bet I would still win even if it was 50-50, Because I know how most gamblers are, they are almost like alcoholics or smokers, they have a addictive personality. So long as there was a reasonable max bet, I bet I win with 0% edge as the house because the players would of played themselves.
https://ihodl.com/topnews/2019-05-05/warren-buffett-claims-bitcoin-gambling-device/
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
Obviously no, it is not a gambling device as a whole. Yes maybe some of us when bored, like me when I'm bored, I usually play on a gaming site where I play multiple games to ease my boredom and I even earn money while playing, and I am not the only one to do that, many of us do that, but to label bitcoin as a gambling money, that is not right. Yes it can be use in gambling but that is not the only purpose of bitcoin, it can be used in trading and even in purchasing items. So no, bitcoin isn't a gambling device. According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
While there is a slight truth to what Warren is saying, its not however created for such purpose just like fiat its been used to just about any payment for crimes and gambling as well. All of these are currencies so there is nothing wrong with it. If gamblers used it online, its up to them as to which state they are whether its illegal on thier area.
It sounds like he's using a metaphor, because bitcoin is not literally a gambling device. If it was, the government would have banned or restricted it by now. What he means is it's a highly risky asset, and in that sense he's right. However, I think he'll be proved wrong about his predictions of its adoption or price.
Warren butter has admitted he doesn't understand technology and that's basic tech, of course he wouldn't get crypto.
If that's the case, then he surely is saying something against bitcoin just because he doesn't get it. Someone has always something to say about bitcoin. As for Buffett, all he can say is the negative. Just like this one:
“Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little bitcoins come out. It’s a delusion basically.”
What?! Well same thing goes with fiat, right? You can stare at it all day and no fiat will also come out. And same goes with almost everything. The point is, in order for something to produce something is to let it circulate, to let it out and be on the market. You have to do something about it unless, it really won't give you an outcome.
(Source of the above statement from Buffet: https://www.ccn.com/warren-buffett-still-clueless-about-bitcoin-calls-it-delusional)
https://ihodl.com/topnews/2019-05-05/warren-buffett-claims-bitcoin-gambling-device/
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
Of course bitcoin investment in general is not a gambling but honestly if there are some newbies who don't know about bitcoin and how it's market works then those newbies start to do day trading then I think it is a gambling. Hold bitcoin for long term is not a gambling because the price will rise but day trading that done by newbies who don't have skill then it is what I call gambling. According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
Good things that are built to last take time for development and eventual acceptance. Bitcoin is still young as to what it aims to achieve, and we shouldn't forget that the government and the banks think bitcoin was created to take financial power from them, hence they are fighting with all their might to see how to keep it under check since they can neither control nor destroy it. So Warren Buffet supports the banks, and he will have to defend his business line until something takes a drastic change in the future.
My answer is not because bitcoin is a form of new gold of treasure gives opportunity for those people want to earn for long term hold.
Even the fiat money of any kind of things that have value is they can use for gambling therefore people choices want they want to use bitcoin or their valuable things. Everyone has an own opinion about bitcoin so we need to respect it.
Even the fiat money of any kind of things that have value is they can use for gambling therefore people choices want they want to use bitcoin or their valuable things. Everyone has an own opinion about bitcoin so we need to respect it.
I think people overestimate the opinions of Warren Buffett and rich people. Don't get me wrong, I respect this man for its knowledge and for what he became but this doesn't mean I will trust 100% whatever he says on everything. People are sometimes wrong, even the smartest ones, and this could be the case here. I think Buffett made his opinion related to bitcoin as soon as he find out about it and that's never going to change because no one wants to accept that he's wrong especially not such kind of people.
https://ihodl.com/topnews/2019-05-05/warren-buffett-claims-bitcoin-gambling-device/
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
People invest in bitcoin with the hope that they will sell when its price grow higher. Platforms like bitmex are used where people short and long bitcoins to gain profit. The main purpose of Investing in Bitcoin is not gambling, its the usage which makes it look like a gambling activity.
There's nothing disrespectful if Bitcoin is considered as a gambling device. As long as it is legal in your area. And as long as you play responsibly.
In my opinion, using Bitcoin for gambling is positive because its shows that Bitcoin is recognized as a trustworthy and legal way of payment.
Do you really don't see that reducing independent money to a gambling device is disrespectful? He's trying to belittle it and make it look less important and less real than it really is. He can see a growing economy that is beyond his comprehension and it makes him angry. Maybe he thinks that bitcoin is attacking the current world order and he made money there so he stands to protect it?
https://ihodl.com/topnews/2019-05-05/warren-buffett-claims-bitcoin-gambling-device/
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
According to the sources Warren Buffet apparently thinks of Bitcoin as a gambling device.
What do you guys think ?
Is this true or something that is disrespectful for our community.
I would say my answer is somewhere in the middle , we are unaware of the fact so as what it might be in the future , in the past 10 minutes but we still hold onto this thing because of hope.
I would rather compare it to share market , rather than a gambling device.
There's nothing disrespectful if Bitcoin is considered as a gambling device. As long as it is legal in your area. And as long as you play responsibly.
In my opinion, using Bitcoin for gambling is positive because its shows that Bitcoin is recognized as a trustworthy and legal way of payment.
As I've read the title of your thread, I thought you will be discussing about the beginners or uneducated people not only about btc but to the concept of crypto as a whole which have a bad impression to it but I was wrong. As I was reading the content of your post and bumped to Buffet's name I suddenly nod (in a bad manner) and think of "Okay! Another public stunt again 
".
Bitcoin is not only a gambling device, everyone knew that. It is only one of its applications. Besides, what's wrong if it was used as a form of payment for gambling? I don't see any thing bad against that. Warren Buffet is a well known antagonist of btc, don't believe on his FUDs. He was just threatened because there are chances for btc to beat fiat in the future thus he is scared to get kicked from his throne.
". Bitcoin is not only a gambling device, everyone knew that. It is only one of its applications. Besides, what's wrong if it was used as a form of payment for gambling? I don't see any thing bad against that. Warren Buffet is a well known antagonist of btc, don't believe on his FUDs. He was just threatened because there are chances for btc to beat fiat in the future thus he is scared to get kicked from his throne.
categorically, will not blame whosoever that labelled Bitcoin as a gambling device becasue that's there understanding of a new technology; that's welcome by it lovers. Using Bitcoin for gambling platforms doesn't equal that is a gambling device, maybe he's saying that the rate at which online casinos are using Bitcoin has increase than before and then labelled it a gambling device.
I guess that he thinks cryptocurrencies are dangerous for what he achieved throughout the years. His position in the modern economic world is very strong, and upcoming changes in economy strongly corelated with blockchain technology and cryptocurrencies are going to undermine his legacy and devaluate his opinions. He don't want this change, so he demonizes it.
What do you guys think ?
Just look:
His opinion does not affect the market, people do not care what he talks about bitcoin, so why are there still people who waste their time posting what he talks about? maybe some people want to gain visitors on their sites by posting what he talks about?
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