Different opinions about bitcoin - page 2.

idrisalomagold

full member

Activity: 443

Merit: 101

It is true that investment and trading are two different things but both were associated with high risk. Investing bitcoin on the idea that people put in it requires trust; while people believed that it could drive future value, that is when people trade. As time goes by, investors are putting some ideas that such certain asset have value in the future - same goes with traders who put liquidity on the market.

Quote from: Oceat on December 07, 2020, 06:38:06 PM

Quote from: chanler on December 07, 2020, 06:18:19 PM

Bitcoin is like gambling if they are not analyzing it, only getting it by luck and also instinct. Actually, to get profits from Bitcoin, we need to analyze, at least do technical analysis,. however, it may be difficult that is why we need to learn. if we are lazy and not willing to learn and analyze, it is true that it is like gambling because we only set for luck.

So, you are talking about investment rather than Bitcoin as a currency online? Investment and trading are two different things that you can do to Bitcoin. People are choosing more on the investment part rather than on trading since trading is not for everyone and it's more likely a gamble because you need to learn more things before got to earn a decent profit in the future.

In other words, investing and trading are both the same. There is no such a thing as choosing between trading and investing as both requires knowledge and research in order to grasp the idea and make some decent profit. Gambling is an underlying idea and or process in executing trades/invest.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: chanler on December 07, 2020, 06:18:19 PM

Bitcoin is like gambling if they are not analyzing it, only getting it by luck and also instinct. Actually, to get profits from Bitcoin, we need to analyze, at least do technical analysis,. however, it may be difficult that is why we need to learn. if we are lazy and not willing to learn and analyze, it is true that it is like gambling because we only set for luck.

So, you are talking about investment rather than Bitcoin as a currency online? Investment and trading are two different things that you can do to Bitcoin. People are choosing more on the investment part rather than on trading since trading is not for everyone and it's more likely a gamble because you need to learn more things before got to earn a decent profit in the future.

chanler

member

Activity: 753

Merit: 15

mulierum.com

Bitcoin is like gambling if they are not analyzing it, only getting it by luck and also instinct. Actually, to get profits from Bitcoin, we need to analyze, at least do technical analysis,. however, it may be difficult that is why we need to learn. if we are lazy and not willing to learn and analyze, it is true that it is like gambling because we only set for luck.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: Yatsan on December 07, 2020, 05:23:37 PM

It is just normal for many people to have lots of opinions or side comments regarding Bitcoin for they see it on a different manner which is part of their own perception and understanding what Bitcoin really is. They ought to understand Bitcoin's concept clearly which is making them a hard time to clarify into themselves what Bitcoin is really all about. Sometimes, people do really understand Bitcoin but they just tend to criticize and seek probable errors about it just to save up their ego and pride fighting on their stand. But with that, we must not clarify anything about them for they must be open minded to accept the reality about Bitcoin themselves just like we do.

We don't have to explain to anyone if they are not willing to listen in the first place. Because those critics will always find a loophole to attack bitcoin and not see the good side of it. Everyone has their opinion and we can't change that. But if there are individuals who really wanted to be informed or educated, then you can assist them. But in my experience, if you try to help someone understand crypto and he's not being open-mind about it, you will just be wasting time and they may end up blaming you.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

It is just normal for many people to have lots of opinions or side comments regarding Bitcoin for they see it on a different manner which is part of their own perception and understanding what Bitcoin really is. They ought to understand Bitcoin's concept clearly which is making them a hard time to clarify into themselves what Bitcoin is really all about. Sometimes, people do really understand Bitcoin but they just tend to criticize and seek probable errors about it just to save up their ego and pride fighting on their stand. But with that, we must not clarify anything about them for they must be open minded to accept the reality about Bitcoin themselves just like we do.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: abel1337 on December 07, 2020, 02:57:31 PM

Quote from: milani on December 07, 2020, 02:08:46 PM

I would not say that people who make the Bitcoin comparison with gambling are without brains 😁 May be you have read some words tearing up them from some concrete context. Because in case a person just heard about Bitcoin, rushed up it to buy without learning anything about it and what to do with it after, like will deal with the process - so in such case Bitcoin may appear a really pure gambling. And we saw lots of examples in real life. What I am agree with that really Bitcoin requires brains from its holder. It is not a secret.

And what about Bitcoin and everyday currency - of course from year to year crypto more and more spread, used and demanded. Crypto become more common thing than unusual. But in opinion it will not have so much power in order to displace totaly banks, fiat money and so on. Too many nuances and reasons for this.

I agree, We people do have a different perspective about bitcoin, They might be unknowledgeable who lacks information about bitcoin, there is average who knows the key information or knows the common information about bitcoin and there is the bitcoin guru who knows the technical side of bitcoin. Some people's perspective about bitcoin is when they have it there is the risk of losing its value and they define that risk as to the gambling itself. I know it's wrong to think that way but we shouldn't be mean to them but instead tell them to learn more about bitcoin itself.

Sooner or later for those people who do have wrong terms about bitcoin and telling it as a gambling then they would be realizing those words back that theyre wrong if
they do able to get some research about it even more.

When we do initially make out some encounter on some things in life then its neither we do start up on having right or wrong impressions basing of on first experience
but if we do get curios and get some research of it and discover things then we would definitely change up our perception towards it.

If they wont listen then let them be and they will able to know it soon about the truth behind it.

Shasha80

sr. member

Activity: 1876

Merit: 318

Only people who are less knowledgeable about Bitcoin say Bitcoin is like gambling. As long as we have a strategy that
will be used for investing in Bitcoin, and can predict the movement of Bitcoin with good analytical skills. Bitcoin is definitely
not gambling, but digital assets that can provide large profits, if the strategies we use are effective.

And because Bitcoin is the currency, it is normal to use it as an everyday currency like fiat money. But the government is afraid
that Bitcoin will threaten the existence of fiat money, so only a few countries legalize Bitcoin as a means of payment. Even though
Bitcoin can be used as an alternative payment and not to replace fiat.

judas

sr. member

Activity: 1064

Merit: 350

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.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: milani on December 07, 2020, 02:08:46 PM

I would not say that people who make the Bitcoin comparison with gambling are without brains 😁 May be you have read some words tearing up them from some concrete context. Because in case a person just heard about Bitcoin, rushed up it to buy without learning anything about it and what to do with it after, like will deal with the process - so in such case Bitcoin may appear a really pure gambling. And we saw lots of examples in real life. What I am agree with that really Bitcoin requires brains from its holder. It is not a secret.

And what about Bitcoin and everyday currency - of course from year to year crypto more and more spread, used and demanded. Crypto become more common thing than unusual. But in opinion it will not have so much power in order to displace totaly banks, fiat money and so on. Too many nuances and reasons for this.

I agree, We people do have a different perspective about bitcoin, They might be unknowledgeable who lacks information about bitcoin, there is average who knows the key information or knows the common information about bitcoin and there is the bitcoin guru who knows the technical side of bitcoin. Some people's perspective about bitcoin is when they have it there is the risk of losing its value and they define that risk as to the gambling itself. I know it's wrong to think that way but we shouldn't be mean to them but instead tell them to learn more about bitcoin itself.

milani

sr. member

Activity: 1092

Merit: 254

I would not say that people who make the Bitcoin comparison with gambling are without brains 😁 May be you have read some words tearing up them from some concrete context. Because in case a person just heard about Bitcoin, rushed up it to buy without learning anything about it and what to do with it after, like will deal with the process - so in such case Bitcoin may appear a really pure gambling. And we saw lots of examples in real life. What I am agree with that really Bitcoin requires brains from its holder. It is not a secret.

And what about Bitcoin and everyday currency - of course from year to year crypto more and more spread, used and demanded. Crypto become more common thing than unusual. But in opinion it will not have so much power in order to displace totaly banks, fiat money and so on. Too many nuances and reasons for this.

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Opinions are subjective, it is just as how they think of or understand something.

Quote from: n0ne on December 04, 2020, 11:34:52 AM

Difference of opinion about bitcoin is based on the difference in the level of understanding and the difference of interest the users had in learning/knowing about bitcoin. Most commonly I've heard people describe bitcoin as a specific asset developed for the gambling needs. This is much into the minds of people who aren't aware of bitcoin for other needs. In such a way people have got varied level of understanding that makes them believe and stand on it without exploring to know further.

Actually this technology earned different usage to people. It is a digital currency in its nature but the idea, as mentioned by others, evolved depending into its benefits to an individual. What is obvious is that cryptocurrencies are more often used as an asset or investment in which once could make profit from. In some areas, it is a normal currency but the difference is being decentralized for which transaction fees are lower and faster. Maybe the difference with the understanding about this technology is caused by the prohibition on its usage. In some countries wherein it is not yet adopted as a medium, the only way they could make use of this, is through investment.

pealr12

hero member

Activity: 1946

Merit: 502

people have different views about btc and what they understand about what btc represent in todays world, but it is left for each one of us to research read and understand what btc entails and how it will benefit us all, from the interraction of people around me there are still lots of misconception about btc, since we have many online scam projects some people see btc as same, but this people are the type that dont do their on diggin to understand, they only follow what others says which is wrong.

Willitivity

sr. member

Activity: 1190

Merit: 256

Quote from: mr_ROBOTT on December 04, 2020, 01:26:23 AM

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)

Some say that the country should grow by investing in attractions such as the stock market (growth here can not be solved with money with its first education and learning)
On the road to success, they always make fun of you first.After you succeed, they realize that they are wrong and in the end they regret it.

And there is little way for bitcoin to become an everyday currency, because bankers and governments, because they have emptied people's pockets by printing unsupported money, do not want currencies like bitcoin to enter the cycle.
Good luck.

Bitcoin can be like gambling to others maybe because they see it like a win or lose currency, its either it pumps or massive dumps, just because they don't share the same opinion with you doesn't mean they are wrong, everyone is entitled to their own opinion, remember the use of bitcoin is totally up to the user, if you say people who see bitcoin like gambling have no understand about it, what about those who see it as an investment instrument? What are you going to call them?

Quote from: mr_ROBOTT on December 04, 2020, 01:26:23 AM

because they have emptied people's pockets by printing unsupported money, do not want currencies like bitcoin to enter the cycle.
Good luck.

The government will never get tired of printing more paper money.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: ekeh on December 06, 2020, 02:04:11 PM

For my own little Understanding, bitcoin is a digital assets, which is something you can see, but not touching it, where is classified as a virtual money. Therefore bitcoin is a movement currency that fluctuating at any given time, which require knowledge or learning to understand how it works.

You don't actually be in depth technical knowledge having bitcoin. By just simply having a bitcoin wallet, you can start using it and understand its fluctuations through owning it. I've taught my friends that way but with the very minimal amount like $2 worth of bitcoin.

In that case, they can see how fluctuation works because they don't have an idea how fluctuations work too. They are totally zero knowledge about the volatility of it and looking at how it works made them realize that it's too volatile and can move emotions, positively and negatively.

Wysi

sr. member

Activity: 1638

Merit: 261

Quote from: ekeh on December 06, 2020, 02:04:11 PM

For my own little Understanding, bitcoin is a digital assets, which is something you can see, but not touching it, where is classified as a virtual money. Therefore bitcoin is a movement currency that fluctuating at any given time, which require knowledge or learning to understand how it works.

Yes Bitcoin is indeed digital currency but the most important thing about Bitcoin and any crypto is the fact that the users have complete control over their funds and there is no third party involved (like bank and financial institutions) unlink fiat, we don't have to pay huge commision or fees for tranfer of funds across the border. But some noobs think Bitcoin is like gambling which is not true as it requires lot of research and market insight to earn in bitcoin.

ekeh

jr. member

Activity: 278

Merit: 1

For my own little Understanding, bitcoin is a digital assets, which is something you can see, but not touching it, where is classified as a virtual money. Therefore bitcoin is a movement currency that fluctuating at any given time, which require knowledge or learning to understand how it works.

xZork

hero member

Activity: 1249

Merit: 506

Quote from: CODE200 on December 04, 2020, 11:19:24 AM

Quote from: xZork on December 04, 2020, 10:40:20 AM

Quote from: mr_ROBOTT on December 04, 2020, 01:26:23 AM

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)

Comparing bitcoin to gambling is completely incorrect. Gamblers often rely on luck to win. Meanwhile, those who invest in the cryptocurrency market use their knowledge and experience to make money.
Investing in bitcoin at this point in time seems like investing in gold or stocks.

It is sort of a gamble simply because the market is moving in an unpredictable manner, which gives uncertainty on profit. Analysis would work but not solely as if that's the only factor. Proof to this, are speculations wherein most of the times reality is not meeting expectations of a price increase resulting to profit loss. Market value would fall in a sudden without signs. And that I think is its relation to gambling wherein luck plays a role in order to "win".

Although the cryptocurrency market is difficult to predict, many talented investors can still use their knowledge to make money.
While luck can play a part in crypto market victories, it only accounts for a very small fraction.

sapnu

sr. member

Activity: 1050

Merit: 286

Quote from: acdc on December 04, 2020, 10:17:15 AM

In my opinion, bitcoin is an investment to make a profit. Because bitcoin is so profitable, investing in it is also very risky, to be able to invest in the cryptocurrency market requires a lot of knowledge and experience.

It is indeed true that bitcoin is a good investment to make a profit, we all know that. The risk thing is normal since digital money is involved, but as long as you are well-knowledgeable, we can say that those things are easy for you to do as long as you know what you are doing. Since there are lots of scam projects and people, being aware of what you are doing is important to prevent loss of funds or income. There are lots of ways for you to earn bitcoin, one is that you can invest, there are some people who want to gamble their money but that is too risky too, there are also some people who want to mine bitcoin using their rigs, and there are people who want trade by simple buying it in low value and selling it at a high price.

pixie85

hero member

Activity: 2184

Merit: 531

I have a simple understanding of the difference between gambling and investing and it has always worked for me.

When you gamble you're risking a total loss of your stake. You put 100 dollars on the table, if you lose you lose 100.
It's based on luck and skill.

When you invest it's never black or white. You can lose 1%, you can lose 10%, but along the way there's always time to exit.
Investing is based on skill but also on the performance of the asset, economy, politics and many other factors.

Investing in bitcoin cannot be called gambling. It doesn't check any boxes.

kawetsriyanto

legendary

Activity: 2436

Merit: 1140

duelbits.com

Maybe it is said that because it happened like that when some people suddenly get rich because of Bitcoin and also become poor because of Bitcoin. If their point of view is from that, maybe they think of it as gambling. However, if viewed from another perspective, this could be an opportunity and an asset for the future. depends on your point of view and how we manage and manage our Bitcoin. Is it for things like gambling, or trading, or even other strategies?

Topic: Different opinions about bitcoin - page 2. (Read 835 times)