Topic: Is bitcoin a form of gambling? - page 8. (Read 3099 times)
I think bitcoin is not gambling. Bitcoin is a digital currency. The value of bitcoin depends on the number of people who buy and sell bitcoins. If bitcoin is gambling, I think there will be a lot of people going bankrupt.
Some people say it is like gambling but only because you can lose money. But equally you can make money, as we have seen in the last few years where the price of bitcoin has soared. Like with most things you take a gamble in the hope of winning not losing but you are never sure of what will happen.
I think for me bitcoin is not a gambling because, i buy bitcoin and trade to other'smy market so my money will grow.a,
I do not think it's a form of gambling. because I bought some bitcoin and altcoin for investment and trade. and all activities that I work without any harmed and according to the rules. so depending on the user bitcoin itself, would be used for anything and in a good way or not.
for me yes it is because in this investment thing you can earn profit and you can lose too. bitcoin price is flactuating fast thats why it can be a gambling for me.
any investment is a form of gambling. this is not a casino. is the game on the exchange.
yes, this is similar to gambling and I think all trading is gambling. we buy bitcoin and then we enter in the betting market, whether the price will decrease or increase. if the price rises, then we will win and if the price falls then we will lose.
If you use your bitcoin for gambling, yes, this is called a gambling. This is what holders want to do in their coin. But in other point, bitcoin is not a gambling. We get a bitcoin through work, and not for winning.
Literally someone might think about your idea of bitcoin as a gambling activity. I guess the answer is that bitcoin is not a form of gambling because this is not all about winning. It is all about investing and profiting or earning in the investment and adding up zero's in it is not a form of winning bitcoin. It is rather a profit that you obtain from holding btc. THus, who are doing it already are happy about and sharing this already their thoughts on the thread about their success with btc. They are more luckier than because they joined earlier than us. If i only knew this system earlier then maybe i am also enjoying now the benefits that btc has to offer. Though bitcoin is still growing but it is also more difficult to buy btc now from the price that plays at 8k-10k usd definitely expensive for me.
according to wikipedia Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambling thus requires three elements be present: consideration, chance and prize. with that I thibk we can condider trading as a form 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.?
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.?
It's directly depends on what is your attitude toward trading process. Trading without any analysis is a pure gambling, however if you'll use your brains and own trading strategy, you'll see that trading have nothing to do with gambling
BTC is not gambling, bcos we buy coin from btc, and can sell when the price is uprise, so we can get profit, this is as same as business. But we just guess something when we gambling
A gamble is something where you do not know what the outcome would be. You are playing literally on your luck, with no calculations involved whatsoever. Mining, on the other hand, makes you go through a series of problems which you have to solve, and once you solve them correctly, you are able to mine a coin. So, they are two different terms.
On the other hand, if you talk about speculation and trading, then even that doesn't come under gambling. You study the market, follow the news surrounding it and then you make your decision of investing in the right coin. Once you make an educated guess, chances are high that you would get good returns out of it.
So I would say that No, bitcoin is not a form of gambling.
On the other hand, if you talk about speculation and trading, then even that doesn't come under gambling. You study the market, follow the news surrounding it and then you make your decision of investing in the right coin. Once you make an educated guess, chances are high that you would get good returns out of it.
So I would say that No, bitcoin is not a form 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.?
If we speak about mining I don't think that it's a kind of gambling because there are mathematical calculations involved which determines how much BTC you can generate through mining.And if we speak about holding then we can call it gambling because one never knows when the value of bitcoin rises or falls.Its totally unpredictable.Lucky are those who invested in bitcoins at its initial stages.They are the ultimate winners of this gambling game of holding. 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.?
I don't think so, btc is different with gambling. Btc is as same as a business, you buy btc and you can sell that. if gambling is not buy anything, but you just guess something as number or others.
Bitcoin invesment is an ATM.You can inverse in bitcoin and when the price of bitcoin had increase to certain value higher than invested money.You will get more from it.You can withdraw any amount of dollars from the bitcoin as you get from the ATM.That what I had said,bitcoin is an ATM. 
In bitcoin there is no slot. If you came here only for the sake of profit, then the technology of blockchain itself has a completely different meaning and benefit for people.
For what reason you think it is gambling i dont know it but i told you it depends on individual investor perspective . i chose btc as a asset like another way to make my money double. crypto market ups and down always but btc price always unpredictable.
I think this matter depends on the perspective of the investor. If they think bitcoin is a job and the type of investment is really potential. They need to explore the crypto market and bitcoin. Be aware of the tactics to create effective business. and vice versa, it will be a game of gambling, risk and loss is predicted.
yeah but no a literal gambling, of course you gamble your time you risk your attention you priority you cant get anything without risking some decision although some government they said they never let touch it also some country btc is illegal.
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