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Topic: Different opinions about bitcoin (Read 835 times)
That sounds inspiring and too optimistic. I've got only one question: what do Bitcoin and gambling have in common?
Bitcoin isn’t necessarily the same as traditional forms of gambling, such as casino games, poker, sports betting, and lotteries. But I think they are common it terms of making profit. You’re purchasing BTC and hoping that its value increases at some point in the future.We call that investment and investment and gambling have a huge difference from each other. As you put your bet or wage in gambling, you will never be able to get that out again. As for investment, you could trade and sell it on the market. As bitcoin's price is so volaltile, the profit you might be getting is not certain while gambling depends on how much you bet andthe odds.
Some people say bitcoin is like gambling (my answer: they have no understanding of bitcoin and the more empty the brain, the more open the mouth)
This is an idea conceived based on Bitcoin trading. It's just another way of displaying ignorance and lack of understanding on what goes on in bitcoin trading but, there is nothing wrong with not knowing should you desire to know.One major difference between gambling and Bitcoin trading is the fact that, trading can be accurately predicted in contrast to gambling which remains a game of luck!
Upon identifying certain patterns on a trading chart, a trader can determine an entry point, exist point, how to go about placing stop loss and take profit and more of things like that. Trading have got instruments to aid prediction but all these are lacking in gambling. Your only alie is your experience with the game.
That sounds inspiring and too optimistic. I've got only one question: what do Bitcoin and gambling have in common?
Bitcoin is not same for everyone even for the who has deep knowledge about cryptos and bitcoin's technology since people consider it as payment mode, investment scheme, remittance service and much more. So surely there are lot of room for the bitcoin to get recognized and use it for the real intention why it was created by Satoshi.
Some people say bitcoin is like gambling (my answer: they have no understanding of bitcoin and the more empty the brain, the more open the mouth)
I'd say there's somewhat some truth to it. But people are forgetting that things aren't always binary.
It's not the case that:
- Holding bitcoin = gambling
- Not holding bitcoin = not gambling
It's just not that simple. Holding bitcoin being "too risky" completely depends on:
1. How much of your total capital is actually allocated to bitcoin?
2. Do you have enough fiat to spend for emergencies?
3. Can you actually afford price crashes?
4. Do you have any high interest loans you need to pay off?
And that's just the tip of the iceberg. Though I'd argue that in today's day and age, it's actually more risky to not have bitcoin; even just a very small percentage of your net worth should be allocated imo.
I think they came to the wrong people when they first wanted to know about bitcoin so that the initial negative explanation of bitcoin stuck to their mindset
Well, we can't actually tell if they came to the wrong people if they heard or watched the wrong news about bitcoin, or maybe they are just misunderstanding all of it. Here in our country, people heard bitcoin in the news when an investor was scammed investing in crypto currencies. One of the main popular cryptos is bitcoin and people thought it is a scam because it is what they've heard not digging more to this news or information. There, they made their own opinion which is wrong.
Actually in mainstream media the one always highlighted are the scams and other illegalities used the bitcoins name that's why I'm not surprised if there's someone tell about how bad bitcoin is and the bitcoin is scam, also those hyips,MLM and other illegal things affect the mindset of those people who doesn't know about it so maybe in due times once bitcoin became more popular they will realize that bitcoin is legitimate and they can count on it by using on their transactions as well in terms of profitability.
Thats another thing. Some were actually scammed and told bitcoin and crypto currencies as an exit. Some of these scammers use the volatility of bitcoin to fool people of saying the price of bitcoin fell the reason they lost their investment while they are not actually an investor , they are just making excuses so they will be safe. Hope they don't just see it as profitable but use because they found a reason to do so.
it is natural for people who do not know bitcoin for sure they think bitcoin is gambling because there is an element of buying and selling at the best price. but try to give them an understanding that it is all wrong, there are different opinions of bitcoin and it will not be easily concluded in any form
Their impression is gambling because of the fluctuation of price. We all know and those who understand bitcoin there is volatility of value. Those people who don't know about Bitcoin has its own and different opinions so they don't know the significant benefit to people when using crypto. So it is best to educate those people as much as we could. 
it is natural for people who do not know bitcoin for sure they think bitcoin is gambling because there is an element of buying and selling at the best price. but try to give them an understanding that it is all wrong, there are different opinions of bitcoin and it will not be easily concluded in any form
I will talk about one of the important topic related with bitcoin And that is Gambling.Some thinks that this is a kind of Gambling and for them the answer is it's not gambling this is samely a process of holding foreign currency or buy/sell the foreign currency and as because the bitcoin proves itself so the price gone so high else the process is nothing but the holding Foreign currency.Additionaly it was just an answer for them who blame bitcoin as gambling,it doesn't says about the bitcoin in details.
Some people say bitcoin is like gambling (my answer: they have no understanding of bitcoin and the more empty the brain, the more open the mouth)
Not everyone is happy and agrees with Crypto Investing. One of them is Warren Buffett who is against crypto investments. Because according to him investing in crypto is a speculative act or gambling. But I think Gambling is risking some money in card games and so on, based on coincidence,
to get a larger amount of money. Thus bitcoin is not a tool to gamble, but bitcoin is a tool to invest. Which to invest in crypto requires an eloquent
understanding to avoid volatility risks.
I think they came to the wrong people when they first wanted to know about bitcoin so that the initial negative explanation of bitcoin stuck to their mindset
Well, we can't actually tell if they came to the wrong people if they heard or watched the wrong news about bitcoin, or maybe they are just misunderstanding all of it. Here in our country, people heard bitcoin in the news when an investor was scammed investing in crypto currencies. One of the main popular cryptos is bitcoin and people thought it is a scam because it is what they've heard not digging more to this news or information. There, they made their own opinion which is wrong.
Actually in mainstream media the one always highlighted are the scams and other illegalities used the bitcoins name that's why I'm not surprised if there's someone tell about how bad bitcoin is and the bitcoin is scam, also those hyips,MLM and other illegal things affect the mindset of those people who doesn't know about it so maybe in due times once bitcoin became more popular they will realize that bitcoin is legitimate and they can count on it by using on their transactions as well in terms of profitability.
I think those who give a bad opinion about bitcoins are those who still ignorants on what bitcoin can do in the world economy especially those third world countries who face sanctions by the US. with Bitcoins, they can make their economy survive such disasters and with the right intention of their government, they can even use it for their own advantage but those fools who only think bitcoin is not helping at all are not giving enough time to themselves to look for the bold answers on the internet today.
I think they came to the wrong people when they first wanted to know about bitcoin so that the initial negative explanation of bitcoin stuck to their mindset
Well, we can't actually tell if they came to the wrong people if they heard or watched the wrong news about bitcoin, or maybe they are just misunderstanding all of it. Here in our country, people heard bitcoin in the news when an investor was scammed investing in crypto currencies. One of the main popular cryptos is bitcoin and people thought it is a scam because it is what they've heard not digging more to this news or information. There, they made their own opinion which is wrong.
People who say that bitcoin is gambling are saying so because of how the price fluctuates up and down, and they say that because they feel that it’s something that has to do with luck and you invest and gamble, if you’re lucky you get profit and if not you lose.
They think this way because they don’t have no single clue on what Bitcoin is all about. I know someone that had this same thought that Bitcoin is just gambling, but as years has gone by he has seen how the growth has been going and he’s now realizing that he’s totally.
They think this way because they don’t have no single clue on what Bitcoin is all about. I know someone that had this same thought that Bitcoin is just gambling, but as years has gone by he has seen how the growth has been going and he’s now realizing that he’s totally.
Lack of knowledge about what bitcoin and cryptocurrency is makes the minds of those who consider gambling cannot open up. Price fluctuation with very high voting on cryptocurrencies is a characteristic it has. Luck cannot be counted on, because trading or investing in crypto requires technical and fundamental analysis knowledge. Not just buying and then being determined by luck or bad luck.
Ordinary people who enter the crypto world with less basic knowledge then invest and lose, of course, will think this is gambling.
The technology owned by bitcoin is able to make the payment revolution in the future better and more transparent. The pros and cons will continue to exist. But behind all that we have to look at the future that is owned by cryptocurrency and blockchain technology which is also starting to be adopted by many parties.ve to look at the future that is owned by cryptocurrency and blockchain technology which is also starting to be adopted by many parties.
I think they came to the wrong people when they first wanted to know about bitcoin so that the initial negative explanation of bitcoin stuck to their mindset
Some people say bitcoin is like gambling (my answer: they have no understanding of bitcoin and the more empty the brain, the more open the mouth)
I'd say there's somewhat some truth to it. But people are forgetting that things aren't always binary.
It's not the case that:
- Holding bitcoin = gambling
- Not holding bitcoin = not gambling
It's just not that simple. Holding bitcoin being "too risky" completely depends on:
1. How much of your total capital is actually allocated to bitcoin?
2. Do you have enough fiat to spend for emergencies?
3. Can you actually afford price crashes?
4. Do you have any high interest loans you need to pay off?
And that's just the tip of the iceberg. Though I'd argue that in today's day and age, it's actually more risky to not have bitcoin; even just a very small percentage of your net worth should be allocated imo.
People love ponzi schemes but hates bitcoin saying it's just a scam. I think people act like that and says like that is Bitcoin was beyond their knowledge, all they know is fiat, and investing fiat to ponzi schemes because it's more "profitable" than investing to Bitcoin. No matter how many times people have been scammed by ponzi schemes, since it's just includes fiat, they will risk their money again on it, but Bitcoin will remain a scam to them even though they don't even take the chance to try Bitcoin out.
People who say that bitcoin is gambling are saying so because of how the price fluctuates up and down, and they say that because they feel that it’s something that has to do with luck and you invest and gamble, if you’re lucky you get profit and if not you lose.
They think this way because they don’t have no single clue on what Bitcoin is all about. I know someone that had this same thought that Bitcoin is just gambling, but as years has gone by he has seen how the growth has been going and he’s now realizing that he’s totally.
They think this way because they don’t have no single clue on what Bitcoin is all about. I know someone that had this same thought that Bitcoin is just gambling, but as years has gone by he has seen how the growth has been going and he’s now realizing that he’s totally.
Lack of knowledge about what bitcoin and cryptocurrency is makes the minds of those who consider gambling cannot open up. Price fluctuation with very high voting on cryptocurrencies is a characteristic it has. Luck cannot be counted on, because trading or investing in crypto requires technical and fundamental analysis knowledge. Not just buying and then being determined by luck or bad luck.
Ordinary people who enter the crypto world with less basic knowledge then invest and lose, of course, will think this is gambling.
The technology owned by bitcoin is able to make the payment revolution in the future better and more transparent. The pros and cons will continue to exist. But behind all that we have to look at the future that is owned by cryptocurrency and blockchain technology which is also starting to be adopted by many parties.ve to look at the future that is owned by cryptocurrency and blockchain technology which is also starting to be adopted by many parties.
People who say that bitcoin is gambling are saying so because of how the price fluctuates up and down, and they say that because they feel that it’s something that has to do with luck and you invest and gamble, if you’re lucky you get profit and if not you lose.
They think this way because they don’t have no single clue on what Bitcoin is all about. I know someone that had this same thought that Bitcoin is just gambling, but as years has gone by he has seen how the growth has been going and he’s now realizing that he’s totally.
They think this way because they don’t have no single clue on what Bitcoin is all about. I know someone that had this same thought that Bitcoin is just gambling, but as years has gone by he has seen how the growth has been going and he’s now realizing that he’s totally.
Bitcoin has similarities to gambling but not alike I think. For example, investing in Bitcoin is like gambling. Because Bitcoin is a volatile cryptocurrency and you can't predict exactly when its price is going to go to the moon. You just try to choose the right time to buy BTC and wait for making profit.
Bitcoin is not gambling though due to the nature of its price movement and volatility an investor can make huge profits within a shortest period of time also an investor can also loss a lot in that given period however when equipped with vast knowledge and charting techniques based on price action a trader or an investor can have an edge over the market as in making profits consistently although some losses will also be incurred above all profit taken will outweigh total losses while capitalizing on the market sentiments i.e when the market is bullish buying low and selling high.
Many don't really understand Bitcoin, they define Bitcoin base on the area they are in the business
Some call it gambling just because that is where they are making their money in Bitcoin.
Some is for ex trade.
Some don't even know it as currency.
Some call it gambling just because that is where they are making their money in Bitcoin.
Some is for ex trade.
Some don't even know it as currency.
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