if you focus on the price of bitcoin, you are gambling - page 2.

btcdevil

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Quote from: amacar2 on September 23, 2016, 02:06:55 PM

Holding bitcoin for longer term can be considered as gambling in some way but not exactly gambling better to say long term trading. However i think buying and holding bitcoin for long term have very low risk of lossing rather than in gambling, as with constant increase in bitcoin demand and adoption price can certainly rise in future with supply limiting everyday.

what you are telling is correct but it is gambling as if the price of bitcoin goes down, then it is a loss for you, and about the future we cannot say if we go by technically then as per your calculation bitcoin mining will become more risky as the outcome will become less due to that price will rise that is true, but if any negative news comes to bitcoin that will also surely affect the bitcoin market.

amacar2

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Holding bitcoin for longer term can be considered as gambling in some way but not exactly gambling better to say long term trading. However i think buying and holding bitcoin for long term have very low risk of lossing rather than in gambling, as with constant increase in bitcoin demand and adoption price can certainly rise in future with supply limiting everyday.

shield132

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Quote from: girlbtc.com on September 23, 2016, 01:28:16 AM

if you focus on the price of bitcoin, you are gambling. calculate how much USDs you have in hand while you have bitcions in your wallet.

if you focus on the tech of bitcoin ,and hold bitcoin without exchange for more than half a year. then you are playing bitcoin.

that's right?

I'll say that you are true, bitcoin's price is changing very quickly and when price is 600$ of one bitcoin and you buy it with this price, than gamble and after 4-5 month you win 0.2 bitcoin in gambling and now you have 1.2 bitcoin but now price is higher, it's 500$. So what to do? We win our bitcoins 1/5 in gambling but in reality we lost our first deposit's 1/5 and we havn't won anything. So it's not good currency for gambling or maybe bitcoin must be converted in usd in gabling websites and than when we withdraw, it also will be converted. If everything will be like this, than it would be glad.

buxlover

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Quote from: girlbtc.com on September 23, 2016, 01:28:16 AM

if you focus on the price of bitcoin, you are gambling. calculate how much USDs you have in hand while you have bitcions in your wallet.

if you focus on the tech of bitcoin ,and hold bitcoin without exchange for more than half a year. then you are playing bitcoin.

that's right?

Bitcoin is currency, many are not attracted to bitcoin because of its tech.
so what if i hold bitcoin for more than a year in my wallet and covert to fiat currency, would you say am playing with bitcoin. Nope i don't think the time period doesn't matter, at the end everyone want to spend money, some spend bitcoin and some will convert to fiat and spend.

NorrisK

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The same would be for holding euros by your reasoning.

Today a euro is worth 1.12 USD, tomorrow it may be 1.13 USD. Does that mean that you are gambling by holding euros? And that if you focus on the way fiat is distributed and maintained that you are playing fiat?

You are mistaking investing (although risky ones) with gambling.

shintosai

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Quote from: raaajlucky on September 23, 2016, 04:13:29 AM

If you do this kind of trading for the day means day trading for quick profit then yes it is called gambling because you're investing just thinking that price may go up. But if you invest for a longer term then it is not called gambling because in the long term bitcoins demand may grow once many businesses start accepting it as payment and you will make a good profit.

good assessment mate if we treat bitcoin for a long term investment we are beleiving that the price will grow after the needs has been developed as we all believe that the more adoption coming from the user the better the price it can be for us so you are not gambling you are investing, but like what mate said if you are doing day trade then it is consider as gambling because you are leaning to your luck whether the price will go down or it will go up accordingly.

raaajlucky

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If you do this kind of trading for the day means day trading for quick profit then yes it is called gambling because you're investing just thinking that price may go up. But if you invest for a longer term then it is not called gambling because in the long term bitcoins demand may grow once many businesses start accepting it as payment and you will make a good profit.

Viyamore

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Quote from: girlbtc.com on September 23, 2016, 01:28:16 AM

if you focus on the price of bitcoin, you are gambling. calculate how much USDs you have in hand while you have bitcions in your wallet.

if you focus on the tech of bitcoin ,and hold bitcoin without exchange for more than half a year. then you are playing bitcoin.

that's right?

No its not ,in the first place handling USD in on your hand doesnt make any profit even a cents ,USD and bitcoin is too deifferent from each other . Bitcoin technology is much better if you have into your wallet .its not gambling at all holding is the right word or saving it.
Even bitcoin without exchanges its actually not gambking at all .make it differentiate gambling is about risking and playing your money such as games .playing around price of bitcoins is not at all.

deadlyunknown

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Quote from: girlbtc.com on September 23, 2016, 01:28:16 AM

if you focus on the price of bitcoin, you are gambling. calculate how much USDs you have in hand while you have bitcions in your wallet.

if you focus on the tech of bitcoin ,and hold bitcoin without exchange for more than half a year. then you are playing bitcoin.

that's right?

Not really, because bitcoin is already involved in trading fiats for a couple of years, and of course the demand will rise more if people will discover cryptocurrency.

girlbtc.com

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girlbtc.com

if you focus on the price of bitcoin, you are gambling. calculate how much USDs you have in hand while you have bitcions in your wallet.

if you focus on the tech of bitcoin ,and hold bitcoin without exchange for more than half a year. then you are playing bitcoin.

that's right?

Topic: if you focus on the price of bitcoin, you are gambling - page 2. (Read 701 times)