It' isn't really gambling because you have a good chance to win. Gambling the house always wins in the long term. I think they mean more that the unknown is like gambling. If you trying to profit off the highs and lows of the market it can become a gamble but not in the sense of the word people use gambling to describe games like blackjack and craps etc.
Btw "the more empty the brain, the more open the mouth" I love this I writing it down!!
Topic: Different opinions about bitcoin - page 3. (Read 835 times)
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.
Investing and gambling could be similar since they both have risk on their side and a chance to gain profit or lose your money.
There are gambling that is also base on knowledge and luck and we all know that in investment there are some who use their knowledge and some who rely on luck.
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.
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.
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.
Just like this opinion, he/she threat Bitcoin as an investment, otherwise a form of a payment system.Everyone is entitled to their own opinion and it would only matter if they share it with the public which may get criss-cross opinions and responses from those who will receive the idea of the latter. In the end, these ideas will be subjected to assumption until proven by factual evidence.
Similarly, at first, they tend to laugh at and belittle the capabilities of bitcoin due to the opinions that were publicized by those who has influence in the society yet after few years for Bitcoin in proving what he can offer to the people and the economy, those people now a starting to make a topsy-turvy on their opinions and became favorable with Bitcoins in fact some of them started to acquire it now.
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.
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.
In fact bitcoin will be difficult to understood by most people if there still many government which will hinder its development. I just thinking, if government allow all their citizen to use bitcoin freely I believe bitcoin will be more popular rather than now.
Just like now, as you mentioned bitcoin is like gambling regarding to many people who don't know it whilst I don't even see from what side they make the statement. If they use bitcoin like investment place I think there is no different with gold, both of them have the same price movement, you can check it.
Indeed, there will always be pros and cons to something and I will not dismiss that. But, I hope for those who judge they should know bitcoin first correctly before they make a negative statement.
Just like now, as you mentioned bitcoin is like gambling regarding to many people who don't know it whilst I don't even see from what side they make the statement. If they use bitcoin like investment place I think there is no different with gold, both of them have the same price movement, you can check it.
Indeed, there will always be pros and cons to something and I will not dismiss that. But, I hope for those who judge they should know bitcoin first correctly before they make a negative statement.
Yes, everyone has a different opinions about bitcoin and you should respect their opinions as long as it will not affect in bitcoin negatively. Bitcoin is also like a gambling that you should win. In the eyes of other bitcoin is just an investment but for me it's more than that because I personally used bitcoin more than investment. As the time goes by, the development in bitcoin continues and it will not just stop as an investment and store of value.
your title is right , people have different opinions in bitcoin thats why some will say that its like a gambling but thats also true btc is really like a gambling i think you already know why , if you know the characteristic of btc you will know why some people say that . gambling is fun and profitable and so as btc but btc is more than just a gamble . you should know if what usage your comfortable with your btc because that is the only thing that matters at the end of the day and not the opinion of other people if what will they say to you .
Everyone can express their own opinion. Dont criticize them just because they dont have the same idea like us. There are many people who dislike bitcoin due to many different reasons (such as they have lost their money in bitcoin, they dont like digital assets, etc). And it is pointless trying to explain to them all the benefits and advantages of using bitcoin.
Therefore, just ignore those people. Only focus on making money as hard as we can to buy more cryptocurrencies. And when they do want to learn more about bitcoin, it is our duty to guide them in a detailed way
Therefore, just ignore those people. Only focus on making money as hard as we can to buy more cryptocurrencies. And when they do want to learn more about bitcoin, it is our duty to guide them in a detailed way
It will take time, for now, people will just ignore you and put up so many things that aren't really true about bitcoin. We are the one who can understand Bitcoin and if their mind is close, we cannot do everything about it unless we will show them the output of our business in cryptocurrency. In the latter part, I can say, they will directly ask us about it and that is the truth, people just want the profit but those who really Bitcoin will be part of the "early adopters". Who knows if we accumulated a decent amount of Bitcoin, all our hard work will be paid off and those who didn't trust us will just be amazed.
But still, we might want to be the way for more cryptocurrency adoption so, there's always a chance to ask them about it, just to open their mind and curiosity.
Yes that's right. Bitcoin is a very striking phenomenon of the 21st century. Many people are trying to understand Bitcoin. Some people believe that Bitcoin is digital gold, others believe that Bitcoin is a payment system, and still others believe that the first cryptocurrency is a pyramid scheme. Others call Bitcoin a new paradigm.
People love to gamble, which is why some believe that Bitcoin is a game of chance.
Bitcoin is a very complex phenomenon. It just exists. Bitcoin is a real entity, although at the same time it is a virtual currency.
People love to gamble, which is why some believe that Bitcoin is a game of chance.
Bitcoin is a very complex phenomenon. It just exists. Bitcoin is a real entity, although at the same time it is a virtual currency.
Everyone can express their own opinion. Dont criticize them just because they dont have the same idea like us. There are many people who dislike bitcoin due to many different reasons (such as they have lost their money in bitcoin, they dont like digital assets, etc). And it is pointless trying to explain to them all the benefits and advantages of using bitcoin.
Therefore, just ignore those people. Only focus on making money as hard as we can to buy more cryptocurrencies. And when they do want to learn more about bitcoin, it is our duty to guide them in a detailed way
Therefore, just ignore those people. Only focus on making money as hard as we can to buy more cryptocurrencies. And when they do want to learn more about bitcoin, it is our duty to guide them in a detailed way
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)
because that is the way Bitcoin presented or Told for them so what they only know is Buy bitcoin,Wait for a while and sell once the price grow and enough to bring your profit.Thats why they are saying this like a Gambling if you are investing Just to Profit and not for what is bitcoin can do to you aside from a chance to become rich one day.
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.
for spending is Bitcoin or altcoins we don't know who will survive for that long years.
and that time that all our effort and dedication finally fruiting,and besides we are doing this not only for us but for the set of people after ours.
We have different opinion about bitcoin , for those who said is gambling maybe because they are feeling the risky when they invest that once you are invested you will not sure if your money will grow or not.
What ever they see what bitcoin is maybe we need to respect that because we have different opinions , just continue of what we are doing to crypto and we can earn money and better if we ignore those people who are negative about bitcoin because it will not help you .
What ever they see what bitcoin is maybe we need to respect that because we have different opinions , just continue of what we are doing to crypto and we can earn money and better if we ignore those people who are negative about bitcoin because it will not help you .
Bitcoin is like gambling because you need skills and knowledge in order for you to have profit and also it has risks where you can make yourself courageous about it. Gambling is really for entertainment purposes and not for a quick-rich scheme because it can't secure your future and can make your life miserable. While in bitcoin, although its price is volatile in the market, you are not risking your money instantly and your losses depends on how you read and observe on the market. Many said that bitcoin is full of scammers and hackers, that's where most of the people needs to know that if you are knowledgeable about how to prevent them and avoid them, that's really not a huge problem.
I also think like you. The government knows about Bitcoin and they fear that people care too much and transact in life that the government cannot get anything from Bitcoin nor regulate the economy. There are groups of people who still prefer to invest in Bitcoin because they are aware of the power from it and the group doesn't invest in it because of recommendations from the government.
To the people whom said bitcoin is gable I must say life is all gamble. sometimes you win and sometimes you lose. There is some risk on anything you invest on it, even gold and other similar stuff it's up to you to manage the risk and don't put all the eggs in the basket. I would say investing on bitcoin is not a great risk like earlier years. Many famous companies are investing on it and surly they did some research before they start to invest. I would say bitcoin is a key to getting ride of the traditional corrupted backing systems and getting controlled by the governments.
Yes, I'm Agree with you. They don't have the knowledge about bitcoin so they just say what they have heard with their empty mind there is a fine line between gambling and bitcoin they just lack the basic understanding of both terms. Bitcoin Education is really important
Bitcoin is for sure full of risks, when you invest on something that is volatile in the market, do not expect for an easy money.
Studying how bitcoin works and regulated will really make you improve and become independent on your own when you will deal with different situations in the market. People are saying that it is the same with gambling because there are losses and profits depending on how you work on it.
This forum is really a good place for those people who are hesitant about bitcoin's potential and importance in their lives. For me, although people are saying that bitcoin will soon go down, I still treat it as a safe have for my future. This month is the best example that there's a lot of hope in bitcoin investment.
- Elimination of banking fees and comparatively has very low transaction fee for international transactions/ payments
You forgot the term "large" on the international transactions/payment.
We have to look at the other half of this talk and consider that
there are many governments that consider bitcoin illegal and treat bitcoin miners like a criminal.
And we can say that the situation of Bitcoin is better than the last 2 years,
True that, but in terms of adoption at least BTC is way better than it was before and we cannot remove the fact that there is always a party pooper in every group. Even though there are countries that see bitcoin as a mode of payment, or speculative asset, or asset as is and being friendly of it, there will always a country that will debunk any friendly terms with Bitcoin and hate it for the sole reason of being transparent.
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