Topic: Is bitcoin a form of gambling? - page 4. (Read 3099 times)
Bitcoins already got the title of gambling currency. what nore can remain for saying or describiing it?
NOPE! Bitcoin is a form of currency my friend. It is the one you use in gambling activities, just like your fiat. Like for example in a real gambling. You chips is not a form of gambling if you visit your nearby casino and convert your fiat to chips which you can use in gambling; the chips alone cannot be marked as a gambling. It is used in a gabling could be more appropriate. The same way in bitcoins and other alts. The process bitcoin generates a new coins is far more different from what you are think of it to be.
It's not gambling because you can simply calculate the outcome yourself. There is no chance or gambling or betting or luck factor involved whatsoever. Completely different from slot machines in casinos.
But it's the actual calculation you're paying electricity for.
And what is legal or illegal in the U.S. doesn't matter, because Bitcoin is not related to the U.S. in any way. It would be just as relevant as asking if it's illegal in Iran or North Korea. It might be, but nobody cares
But it's the actual calculation you're paying electricity for.
And what is legal or illegal in the U.S. doesn't matter, because Bitcoin is not related to the U.S. in any way. It would be just as relevant as asking if it's illegal in Iran or North Korea. It might be, but nobody cares
Gambling is betting your money on luck. I would rather say that this is a form of investment. Other may associate investing to gambling but investing does not rely on luck. Investing requires more thinking and strategy. Calculated moves. And calculated outcome.
While i can say bitcoin is similar as gambling. Everything that take risk will be consider gambling. But is depend on how u gamble without losing too much.
Everything is at risk not just gambling, depending on what they do for the bitcoin they get. Bitcoin purchase is not more gambling just a trade but has a high ratio in it, I think bitcoin is more business. 
In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings. I think everyone will agree that's a form of gambling.
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
If we consider it from investing point of view then we can say it is a type of gambling because you are betting your money without knowing the outcomes and you can loss or win. In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings. I think everyone will agree that's a form of gambling.
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
Hi there melvster! Gambling is the process when some one just use luck or chances to earn cash after betting using a certain amount of cash. It is totally different from bitcoin, where bitcoin is a form of currency just like the cash you are using during gambling. Thus, bitcoin can be use to bet in gambling. Investing in bitcoin on the other hand doesn't mean it is a form of gambling, if that is how you perceived it. Does it mean that investor who buy stock at Spotify or Snapchat are all gamblers because there could be no certainty that their investment will generate a revenue?.
I do not agree with that. Bitcoin is a digital currency. It was created to operate independently and extensively throughout the world. If you invest selectively and try to maintain it, you will succeed. The majority of bitcoins are profitable for investors. so bitcoin is not gambling.
Btcs is not officially legal in USA nor its officially illegal too. It is just prevented fir free circulation that's it
Bitcoin cannot in any way be refer to as gambling just because of its fluctuations in value. If count the numbers of people who have made huge profit you will see that it doesn't happen in gambling. Bitcoin is a currency digital currency and at the same time serves as investment tools though its value fluctuate over time.
In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings. I think everyone will agree that's a form of gambling.
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
For me you can call bitcoin a gambling if you buy it with out knowing its historylike you invest because many peoole are doing it but if you know how bitcoin exist in internet world it is not already a gambling it is already investing In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
Bitcoin is decentralized it is nt a gambling it is future of payments the prices depends of supply and demand none can control the prices neither bitcoin is gambling or it is bubble
No bitcoin is not form of gambling. For me it is a business but like gambling this kind of business is very risky if you dont have enough knowledge and great strategy you will loss your capital. But on the other hand we can say that bitcoin is type of gambling to those people who are want a quick cash or income so they will make a mistake to invest together with another investor or they are called it "upline" then when the upline will have all the money invest the temptation is always present so it may cause a scam like in gambling you may lose everything that you invest. So be knowledgable and careful to every step that you make.
I think bitcoin is form of gambling because you want to won but there is a change that you can loose.
While i can say bitcoin is similar as gambling. Everything that take risk will be consider gambling. But is depend on how u gamble without losing too much.
Bitcoin is not gambling. Simply because in gambling, you couldn't predict your chances but in bitcoin, you could. You could even see how much you could profit in bitcoin. If you're looking for gambling, there are a lot of bitcoin gambling sites, just make sure nit to get scammed because a lot of people in the cryptocurrency industry lost their bitcoins not from price drops or anything but from scammers.
The element of risk kinda makes it similar but because there's no kind of "gamification" i dont think it would be classified as such. Especially since, gambling is banned due to its addictive nature. It cant be said that mining is "addictive" or atleast i havent heard of a case of such.
I think bitcoin is not gambling but rather to help us make extra money from the bitcoin and do not get me wrong.
Most likely this is not a monetary game, there are no bets. This is more like mathematical calculations in a market environment. The more growth of bitcoin, the more difficult it is to extract, so more electricity is consumed. It does not seem like gambling.
It is not into a pure sense of gambling but if we will become realistic here, there is some sense of gambling that is going on here. Like you are taking the risks which is already a gamble and that is by putting your money in bitcoin because you don't know what will happen in the next few days, weeks,months or even years so that is like gambling but not in a pure sense of gambling. In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings. I think everyone will agree that's a form of gambling.
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
All of the activities regarding earning a bitcoin and other alternative coins are in the form of gambling but not literal, just like in applying a bounty campaign, there is no assurance if it is a good project that will prosper but you gamble your hard work and time to earn.In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
In traditional slots you pay a coin, and if a certain sequence comes up, you get some winnings. I think everyone will agree that's a form of gambling.
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
In bitcoin, to create coins, you pay some electricity, and if a sequence of 0's comes up, you win some bitcoins.
Is this aspect a form of gambling?
And if so, is that illegal in the U.S.?
IMHO,If you mean.. "Gambling Literally".. I would say no..
However, Investments "seems" like a gamble if you ask me
Because when your investing, there's a chance that you would gain profit or lose from it. Depending on a given situations or scenarios. For me, if there's a "risk" then it's like gambling too.
Like ive said. If you meant "gambling literally" its a no for me.
Because,In this situation,you dont need to place bets first before joining.
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