Topic: Different opinions about bitcoin (Read 835 times)

Bitcoin is for beyond any doubt full of dangers, once you contribute on something that's volatile within the showcase, don't anticipate for a simple wealth. Researching how bitcoin works and regulated will truly make you move forward and gotten to be free on your possess once you will bargain with diverse circumstances within the advertise.

Individuals are saying that it is the same with betting since there are misfortunes and benefits depending on how you work on it. This gathering is truly a great put for those individuals who are reluctant around bitcoin's potential and significance in their daily routine. I think, in spite of the fact that individuals are saying that bitcoin will before long go down, I am sure it as a secure have for upcoming decades.

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.

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.

Those four things are very significant to hold Bitcoin or other cryptocurrency. Previously, I have stored some fiat currency and then I converted to Bitcoin for hold purposes. That time Btc price wasn't the same as like now. But for the emergencies, I can't hold them anymore. So the suggestion for new people is that you should keep your backup for the emergencies. Obviously patience is the main think which gives you relaxation in the price crashes too.

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.

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.

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.

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.

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.

yes their knowledge of bitcoin is very limited and makes them only read negative news, not positive news about bitcoin
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

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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. 

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.

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.

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

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.

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

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.

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.

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.

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.

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.

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.

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?

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!!

Well I also agree that we could say that they are similar,
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.

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".

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.

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.

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 .

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.

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

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.

No doubt that One day in our life or the generation next to us that from the morning they Wake up until falling sleep at night ,Nothing that they are using
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 .

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.

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.

You forgot the term "large" on the international transactions/payment.


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.

Those who aren't into bitcoin are probably those who would have differing opinions than the rest. They probably don't know how bitcoin works, or how to use it in general that's why their opinions are entirely different than those who have some knowledge on how things really are. Can't force them to like it, and they have to find for themselves the answers to their questions about bitcoin. It is like a gambling thing though most investments out there are a gamble too, albeit associated with minimal risks due to it being recognized and protected by law. In bitcoin it is still a wild west thing when we talk about regulations even though the regulators are slowly encroaching whatever space that we're working with. But yeah, opinions are opinions after all that doesn't alter any facts. These same people would be the ones scrambling to get on board when their suspicions are extinguished and they want to have some piece of the pie.

as the saying goes "First they ignore you, then they laugh at you, then they fight you, then you win”. So that simply summarise what happen to bitcoin, in the beginning there are a lot of critics and saying that this won't simply work and then they downplay it saying it is a some sort of gambling, Ponzi scheme.

But now in the first 10 years, specially this year, many people from billionaires to average Joe have finally shift their notion on what bitcoin is. So we will see where bitcoin goes in the next 10 years, it is so disruptive that it could be a life changer.

• its a promising asset if u know how to use its fluctuating value properly and i am not just talking about buying low and selling high , one who has done some research about different cryptos and has  fair knowledge of crypto market can make a good profit by exchanging cryptos even when the BTC prices are low  
• Elimination of banking fees and comparatively has very low transaction fee for international transactions/ payments  

You've started it wrong.
Bitcoin is still a risky investment. Just imagine how could have been feeling during 2018, 2019 and most of 2020 those who bought Bitcoin in December 2017 and you'll know what I mean. (Just imagine they may have needed the money in 2019!).
There are 2 types of saying for the same thing, depending on "optimism" (let's say it simple). "If you don't risk a little, you have no chance for (big) gain" and "If you don't risk, you'll surely not lose". So yes, for some, investing (especially the riskier one) is similar to gambling.

I agree that "empty brains" tend to have bigger mouth, but you may be forgetting that on internet and media some people say what they think, but also some others say whatever helps them (usually for various types of material gains).

The truth is always somewhere "in the middle".


I remember that a very young colleague at work told us (years ago) that he's investing in stocks. That's rather unusual here, at least for so young people, hence some smiled or even tried to mock him a little.
Now imagine the reaction on Bitcoin investments!
People are much (much, much, much) more reserved about new things than they want to admit (or acknowledge!).


It was "a hell of a ride", and may continue to be so. It's not for everybody.
Hence the general rule "only invest what you afford to lose" (again, quite similar to "only gamble what you afford to lose"!!!), because in case you buy just before a bubble ends, you may sell at a loss or keep the money locked for longer time than you'd like.



We'll see. Let's not predict such things. Central banks are close to issuing own stable coins. If the system gets used to them, Bitcoin could easily "get in", as something international, as something that cannot be devalued by certain country's decision. Of course, for that to be achieved Bitcoin price will have to stop bouncing like crazy in all directions  

If you consider risk a gambling thing, then about anything out there should be considered gambling as well. Bitcoin isn't like gambling at all for me, although I do get why people say they're similar. When you have no clue what Bitcoin can do for you, you only see the very basic stuff of it that has been heavily promoted around mainstream media, such as volatility and supposed crimes.

I agree with the last opinion of yours tho. Bitcoin has very small, almost null chances to succeed as a currency that's supported around the world (specifically, in the larger states). It does have incrementally higher chances the more three-letter agencies get to analyze and the easier it becomes for them to monitor everyone through BTC.

Others consider Bitcoin gambling because of the risk involved due to its high volatility and I don't think it is fully true to say life is a gamble because we don't know what will happen tomorrow.  I think the better word is uncertain.

Anyway, investing in Bitcoin blindly can be considered a gamble but those who study the market of Bitcoin and invest in it won't say so because they have done those investments with risk management to minimize failure or losses.  That said, I think people have different views and opinions towards Bitcoin, and it is said that in point of view, There is no right or wrong, only a difference in perspective.

Just because someone gave their opinion that how they think bitcoin is like gambling, you call him empty brain? Are all people that don't share your same opinion are "empty in the brain"?
There are reason that people think it is more like gambling since you don't know what the price of bitcoin might be the next day. It's like you are playing game of chances, but then again isn't stock market, business and every other thing we do in our life more or less like gambling?

If someone calls Bitcoin is gambling then although they aren't right, but they aren't wrong as well at the same time. Isn't life is a gamble, do we know what will happen tomorrow? Same here, we don't know what will happen with Bitcoin tomorrow, it would bump or dump as well. So, if during that time you are a bitcoin holder then you are on a gamble. Technically it's not a gamble, it's just a cryptocurrency. But automated gamble happening here. Honestly, very few peoples realize bitcoin technically.

Posting an image wasn't necessary for that post. It will discourage the reader to read your post. I was just about to send merit on your post, but unnecessary images discouraged me.

And what makes you think that BTC is fully backed?  or fully supported?  Honestly, I don't see any difference between money created by the government and the BTC produced by miners except for the latter being limited, at least fiat money is supported by the government which we all know have the authority over their respective jurisdiction and is covered by the law created by the government while BTC does not have any of these.  Don't get me wrong, I really like BTC, its that we tend to look for the other party's flaw while neglecting the blemishes of what we are supporting.  The only beauty of BTC is its decentralized nature which is somehow being invaded by the government through implementing KYC on third party services.  The technology can be copied / duplicated since it is an open-source program so I think there is nothing in there to make it so special.

Exactly! Bitcoin is only volatile in terms of other fiat currencies. Why should we consider USD as the base currency to measure bitcoin's volatility when USD itself isn't very stable and fluctuates in terms of other fiat currencies whenever US economic conditions change?

So the best way to estimate a currency's worth is from its real value, known as 'Purchasing Power'. Keep every currency in isolation and calculate the purchasing power for each i.e. goods and services which can be bought from single unit of the currency. I bet bitcoin will have the highest purchasing power (in fact the only with positive PP compared to fiat currencies) in last 10 years.

People bad-mouth bitcoin as a risky investment. But in reality, if you are saving fiat currency from your salary every month, you will lose the value after 10 years due to inflation and reducing PP. However, if you save bitcoin every month - who knows how rich you will be in 10 years!

1) May be in future it may become the reserve currency in the world.
2) Employees will be paid in BTC, it has already started slowly in near future it will expand.
3) Those who want save their earnings they start in BTC even this has started and expand.

In my opinion national currency Will be measured against BTC, a lot more to come guys this will definitely rule the world.

Bitcoin by nature is a currency. But there is nothing stopping people from using it for gambling, as you can use any other currency for gambling. For example you can enter Forex market and gamble on each fiat currency too but that doesn't turn fiat into "gambling"!

While bitcoin has never had any plans of replacing anything or becoming every day currency that every single human being on the planet uses it, but it is already a global currency that a lot of people are using in their day to day payments.

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

Do you mean that governments have to buy stocks in order to pump the stock markets?
This is a ridiculous idea.
By the way,the fans of John Maynard Keynes(and most of the leftist economists and politicians) really think that growth CAN be solved with money.This theory has been proven wrong several times in the last 50 years.
Anyway,Bitcoin is gambling,if you don't know what to do after you buy some BTC.If you have a clear strategy,then investing in BTC cannot be called gambling.

We humans, have our our own beliefs in everything which I believe we need to respect. And in this modern time, more individuals became more fascinated with bitcoins because of the great features and benefits it brought us. But still, there are lots of people who keeps on criticizing it. And you are right, they new less about the real and deep meaning of bitcoin, only the negative thoughts that they heard from non-believers. Well, I do believe in saying that goes, "An empty can is more noisy than a filled can". Somehow these people will realize what a great opportunity they just passed by or even make laugh with. They absolutely need a proper learning process and a consistent research to discern that Bitcoin investment and its other features is a golden opportunity that could definitely help us lift and restore our economy by the great earnings and profits that we can get from this crypto industry.

Well in a sense, it's more like an educated guess rather than a complete guess, or a gamble. There's a thin line that separates what we think of as gambling and what we think of as investing imo, and having people think of the two as something similar to each other can't really be avoided, especially if that someone has no knowledge of investing. Yes, Bitcoin si a risky asset to invest in, and at times can be called a complete gamble (like really, let's be real, there are one or two investors out there who just went all in with Bitcoin since it's famous, and that could basically be called as a gamble imo), but history facts check out that even though Bitcoin is a risky investment, it can provide huge returns.

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.

These are bitcoin bygones, people and many governments now know what bitcoin actually is, that is why many organisations like PayPal and many others want to provide bitcoin services. There was a time some people called bitcoin a ponzi and also were times bitcoin was depicted black. But with all these bitcoin still was able to rise, those that have invested earlier take the lion share of the gain. Some people can still call bitcoin anything they want but bitcoin is just an opportunity many people do not realize in time.

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.



In the end, bitcoin has grown, but there is a lot of room for growth.
I'm not saying to put all your money to sleep in bitcoin, but one day buy the size of a Satoshi dollar, then we will understand that you did the best job.



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.